Public Hearing Recommended 2018 Jefferson County Budget - PowerPoint PPT Presentation

Public Hearing Recommended 2018 Jefferson County Budget Presentation on December 4, 2017 1

Today’s Public Hearing:  Budget Presentation  Hear public testimony to inform Commissioners’ deliberations on the 2018 Budget  Board of Commissioners may direct changes for the Final Budget Adoption tentatively scheduled December 11, 2017

Overview:  Recommended 2018 Budget is status quo, few strategic enhancements.  Even in an economic recovery, the structural funding problem for counties - created by the state - defines budget & service choices in Jefferson County.  This presentation ends by outlining budget issues facing us in future years 3

Summary of 2018 Recommended Budget TOTAL RECOMMENDED 2018 BUDGET 2018 Proposed All Revenues $ 48,870,892 All Expenditures $ 55,782,838 Budget details on County website: http://www.co.jefferson.wa.us 4

50 Separate Funds & Budgets for Separate Functions 5

Summary of 2018 Recommended Budget GENERAL FUND % Change 2017 Original 2017 Projected 2018 From 2016 Budget Proposed Projected GF Revenues $18,041,838 $19,106,896 $18,605,358 -2.6% GF Expenditures $18,631,837 $19,354,887 $19,313,187 -0.2% Estimated Ending Fund Balance $ 3,803,023 $ 4,395,109 $4,025,261 -8.4% Unencumbered Fund Balance $ 1,212,839 $ 1,217,621 ** $1,263,927 3.8% **Up to an additional $140,000 of on-going expenditures could be appropriated by the Commissioners mid-year 2018 to address urgent priorities including $40,000 for pay equity adjustments. Were that to be the case, the unencumbered fund balance would be reduced to $1,103,666 a reduction of 9.4% from 2017 projected. 49 OTHER FUNDS 2017 Budget 2018 Proposed % Change -3.6% $ 31,392,264 $ 30,265,534 Revenues -0.4% Expenditures $ 36,606,286 $ 36,469,651 6

2018 Revenues: ALL FUNDS - $ 48,870,892 Intergovernmental Misc. Interfund Revenues 4% Payments 17% Interfund 12 % Transfers 8% Fines 1% Charges for Services Taxes 16% 41% License & Permits 2% Category 2012 2013 2014 2015 2016 2017 2018 Intergovernmental Revenues 12,271,572 15,563,310 12,985,105 11,662,220 10,129,481 10,366,975 8,203,561 28% 32% 28% 26% 22% 21% 17% 7

2018 Revenues: GENERAL FUND - $ 18,605,358 Interfund Payments and Transfers Intergovernmental 3% Fines Revenues Charges 2% Misc. 12% for Services 4% 7% Other Taxes 2% Sales Taxes 24% Property Tax & Road Div 46% 8

2018 Expenditures: GENERAL FUND - $ 19,313,187 Interfund Transfers Capital $1,876,720 $216,011 10% 1% Salaries & Benefits Prof. Services $10,335,468 $1,790,222 55% 10% Supplies & Services $4,360,117 24% 9

2018 Other Funds by Category: EXPENDITURES $ 36,469,651 10

Overview: A rolling 5-year General Fund Budget Strategy shapes this budget November 20, 2017 2018 2019 2020 2021 2022 201 8 201 9 2020 2021 2021 GENERAL FUND 2014 2015 2016 2017 2017 Proj projected projected projected projected projected Proj Proj Proj Proj Actual Actual Actual Budget Projected Budget** Budget Budget Budget Budget Incr Incr Incr Incr Incr Beginning Fund Balance 2,670,046 2,762,006 3,593,450 4,113,545 4,304,390 4,391,795 3,879,484 3,717,416 3,517,857 3,286,586 Revenues 16,530,822 17,298,966 17,702,654 18,041,838 18,056,838 2.0% 18,605,358 2.8% 19,126,308 2.9% 19,680,971 2.9% 20,259,592 2.9% 20,847,120 Additional Sales Tax Projected 186,000 One time funds Received 847,422 1,660,000 1,574,362 863,272 New Revenues (levy shift) Other One time revenues 13,500 TOTAL REVENUES 17,391,744 18,958,966 19,277,016 18,041,838 19,106,110 18,605,358 19,126,308 19,680,971 20,259,592 20,847,120 Expenditures Base Budget (16,393,232) (16,954,773) (17,489,670) (18,152,507) (18,152,507) 4.2% (18,907,187) 3.1% (19,631,936) 3.1% (20,234,636) 3.1% (20,855,839) 3.1% (21,496,114) To Capital Improvement Fund (550,000) (880,000) (300,000) One time costs (342,000) (297,461) (782,500) (479,330) (1,169,330) (411,000) Other One time costs (13,500) Additions to base budget (202,000) (35,000) (140,000) Other additions to base TOTAL EXPENDITURES: (17,298,732) (18,132,234) (18,572,170) (18,833,837) (19,356,837) (19,458,187) (19,631,936) (20,234,636) (20,855,839) (21,496,114) Year-End Adjustments (1,052) 4,712 6,094 Estimated carryover at 1.75% 279,478 338,132 340,518 343,559 354,106 364,977 376,182 Ending Fund Balance 2,762,006 3,593,450 4,304,390 3,601,024 4,391,795 3,879,484 3,717,416 3,517,857 3,286,586 3,013,774 GENERAL FUND REVENUES & EXPENDITURES (base budget) Recomd. Reserves - 10% of Expend. 1,684,873 1,813,223 1,857,217 1,863,184 1,932,184 1,945,819 1,963,194 2,023,464 2,085,584 2,149,611 2006 through 2022 (12-4-17) Revenue Stabilization Reserve 440,000 440,000 502,000 600,000 726,000 726,000 726,000 726,000 726,000 726,000 NOTE: Does NOT include large extraordinary and one-time revenues and expenditures for years 2009 to 2018 Reserved for one-time following year 417,250 607,000 127,000 516,000 104,000 Unreserved Fund Balance 637,133 922,977 1,338,173 1,010,840 1,217,611 1,103,666 1,028,222 768,393 475,002 138,163 $22,000,000 $21,000,000 Diff. in Rev and Expendi (no carryover): 93,012 826,732 704,846 (791,999) (250,727) (852,829) (505,628) (553,665) (596,248) (648,994) $20,000,000 $19,000,000 $18,000,000 $17,000,000 $16,000,000 $15,000,000 $14,000,000 $13,000,000 11 Revenues Expenditures-(status quo 2019 to 2022) Status Quo from 2008 3.7% annl incr.

GENERAL FUND REVENUES & EXPENDITURES (base budget) 2006 through 2022 (12-4-17) NOTE: Does NOT include large extraordinary and one-time revenues and expenditures for years 2009 to 2018 $22,000,000 $21,000,000 $20,000,000 $19,000,000 $18,000,000 $17,000,000 $16,000,000 $15,000,000 $14,000,000 $13,000,000 Revenues Expenditures-(status quo 2019 to 2022) Status Quo from 2008 3.7% annl incr.

Property Tax * incl. New Construction, Adjusted for CPI * excludes temporary levy shift in 2010 and 2011 from Road Fund $7,800,000 $7,500,000 $7,200,000 $6,900,000 $6,600,000 $6,300,000 $6,000,000 2010 2011 2012 2013 2014 2015 2016 2017 Property Tax Revenue Adj for CPI 13

NEW CONSTRUCTION JEFFERSON COUNTY 2001 TO 2018 $150,000,000 $125,000,000 $100,000,000 $75,000,000 $50,000,000 $25,000,000 $- 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 est 2001 $59,701,560 2006 $109,867,270 2011 $31,693,950 2016 $40,589,048 2002 $59,387,490 2007 $88,716,647 2012 $26,874,430 2017 est $60,442,571 2003 $73,331,740 2008 $73,363,445 2013 $24,650,424 2004 $97,452,770 2009 $56,236,445 2014 $28,445,199 $27,881,844 2005 $118,739,412 2010 $35,217,135 2015 14

GENERAL FUND BASIC SALES TAX (excluding Spec. Purpose Tax) $3,000,000 $2,750,000 REVENUE $2,500,000 $2,250,000 $2,000,000 $1,750,000 $1,500,000 $1,250,000 $1,000,000 $750,000 YEARS Sales Tax Revenue 15

GENERAL FUND BASIC SALES TAX ADJUSTED FOR INFLATION $3,000,000 $2,750,000 REVENUE $2,500,000 $2,250,000 $2,000,000 $1,750,000 $1,500,000 $1,250,000 $1,000,000 $750,000 YEARS Sales Tax Adjusted for Inflation 16

GENERAL FUND REVENUES & EXPENDITURES (base budget) 2006 through 2022 (12-4-17) NOTE: Does NOT include large extraordinary and one-time revenues and expenditures for years 2009 to 2018 $22,000,000 $21,000,000 $20,000,000 $19,000,000 $18,000,000 $17,000,000 $16,000,000 $15,000,000 $14,000,000 $13,000,000 Revenues Expenditures-(status quo 2019 to 2022) Status Quo from 2008 3.7% annl incr.

GENERAL FUND REVENUES & EXPENDITURES (base budget) 2006 through 2022 (12-4-17) NOTE: INCLUDES large extraordinary and one-time revenues and expenditures for years 2009 to 2018 $22,000,000 $21,000,000 $20,000,000 $19,000,000 $18,000,000 $17,000,000 $16,000,000 $15,000,000 $14,000,000 $13,000,000 Revenues Expenditures-(status quo 2019 to 2022) Status Quo from 2008 3.7% annl incr.