Pinal County Fiscal Year 2014-2015 Tentative Budget June 18, 2014 - - PowerPoint PPT Presentation

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Pinal County Fiscal Year 2014-2015 Tentative Budget June 18, 2014 Where Your Tax Dollars Go Pinal School Central Cities County Districts Arizona Other &Towns Share 42% College 13% 24% 14% 7% This presentation deals with the

SLIDE 1

Pinal County Fiscal Year 2014-2015 Tentative Budget

June 18, 2014

SLIDE 2

Where Your Tax Dollars Go

2 June 18, 2014

Pinal County Share 24% Cities &Towns 7% School Districts 42% Central Arizona College 14% Other 13%

This presentation deals with the roughly 24 cents of your tax dollar that the County uses to fund its programs. This represents a 7 cent decrease from FY 10-11, when Pinal County’s portion was 31 cents.

Based on fiscal year 13-14. Fiscal year 14-15 to be determined.

SLIDE 3

FY 2014-2015 Challenges

3 June 18, 2014

Pinal County holds its commitment to financial health and not

raising the primary property tax rate.

The primary property tax rate is consistent at $3.7999.
New construction added to the net assessed valuations this year

was relatively low at $35.5M. Valuations are expected to increase in the next two years.

General Fund non-property tax revenues are growing modestly.
Funding is set aside for the equivalent of a 2.5% wage increase,

although compensation decisions will be made in the future.

Some developments and decisions to be made throughout the fiscal

year may impact the General budget/funding (e.g. ICE contract resolution and potential fund sweeps for RTC/SVP costs, etc…).

As always, General Fund budgets will not all be completely spent,

and should maintain a reserve balance of at least 15% of projected expenditures at year end.

SLIDE 4

Pinal County Continues to Provide Excellent Service to the Public

4 June 18, 2014

Hunt Highway

– Complete Phase 1 – Start Phase 2 - $4,200,000

Pinal Airport and San Manuel Airport projects

$3,800,000

Ironwood/Gantzel Rd. - $8,800,000
Kelvin Bridge - $5,900,000
Flood Control – Queen Valley $1,000,000
Surfacing Dirt Roads - $2,800,000
Pavement Preservation - $2,200,000

Note: Dollars are for FY14/15 budgeted expenditures, not full life of the projects

SLIDE 5

Total Pinal County Expenditures

5 June 18, 2014

49% 40% 1% 5% 4% General Fund Special Revenue Enterprise Capital Projects Debt Service

SLIDE 6

Distribution of General Fund

*not including reserves and transfers

FY 2014-2015

June 18, 2014 6

12% 23% 1% 64%

Health General Government Other Public Safety & Law

Notes: Health includes mandatory AHCCCS contributions and Behavioral Health; General Government includes Assessor, Recorder, Treasurer, Board of Supervisors/appointed, and countywide utilities and facilities; and Other includes Transportation, Education, Welfare, and Recreation.

SLIDE 7

7 June 18, 2014

$378,079,096

The General Fund budget decreased by $9,618,506.
The overall budget increased by $4,355,538, which is due to budget

capacity set aside in the case any debt is issued for capital infrastructure.

Once the Tentative Budget is adopted, it can be decreased or budget can

be reallocated. However, the total budget cannot be increased. State law also requires the County to budget all of its sources, including in all fund balances even if they are not planned to be spent in the current year. The Final Budget is to be heard and adopted on July 2, 2014.