Berks County Proposed FY2008 Budget County Commissioners Meeting November 15, 2007.
-
Upload
ryan-goodkind -
Category
Documents
-
view
213 -
download
0
Transcript of Berks County Proposed FY2008 Budget County Commissioners Meeting November 15, 2007.
![Page 1: Berks County Proposed FY2008 Budget County Commissioners Meeting November 15, 2007.](https://reader036.fdocuments.in/reader036/viewer/2022070307/551a7a4e55034643688b5441/html5/thumbnails/1.jpg)
Berks County
Proposed FY2008 Budget
County Commissioners MeetingNovember 15, 2007
![Page 2: Berks County Proposed FY2008 Budget County Commissioners Meeting November 15, 2007.](https://reader036.fdocuments.in/reader036/viewer/2022070307/551a7a4e55034643688b5441/html5/thumbnails/2.jpg)
Berks CountyFY2008 Budget Presentation
• Budget Schedule
• Budget Overview
• Budget Initiatives
• Budget Execution Risks and Future Challenges
• Tax and Budget Summary
• Budget Projections
• Questions and Commentary
![Page 3: Berks County Proposed FY2008 Budget County Commissioners Meeting November 15, 2007.](https://reader036.fdocuments.in/reader036/viewer/2022070307/551a7a4e55034643688b5441/html5/thumbnails/3.jpg)
Berks CountyProposed FY08 Budget
Budget Schedule
• November 15, 2007 Present Proposed FY08 Budget
• December 18, 2007 Adopt Final FY08 Budget
• Public Review– County Commissioners’ Office
– Budget Office
– County Website www.co.berks.pa.us
![Page 4: Berks County Proposed FY2008 Budget County Commissioners Meeting November 15, 2007.](https://reader036.fdocuments.in/reader036/viewer/2022070307/551a7a4e55034643688b5441/html5/thumbnails/4.jpg)
Berks CountyProposed FY08 Budget
Bottom Line
• The budget utilizes the existing tax rate @ 6.935 mills
• Operating revenue and expenditures equal $460M
• Tax revenue is projected at $125M
• The budget is balanced, expenditures match revenues, so we are not deficit spending
• No fund balance is used to balance the budget
• Unreserved/undesignated fund balance is projected at $83M or 18% of total operating expenditures
![Page 5: Berks County Proposed FY2008 Budget County Commissioners Meeting November 15, 2007.](https://reader036.fdocuments.in/reader036/viewer/2022070307/551a7a4e55034643688b5441/html5/thumbnails/5.jpg)
Berks CountyProposed FY08 Budget
Initiatives
• Community Corrections • Prison expansion• Ag Land and open space preservation• Financial software conversion• 911/EMA consolidation and relocation• 911 Infrastructure upgrade – New bond issue to cover user radios• Park expansion - Antietam & Haycreek• Not for profits:
– Historical Society– Humane Society/Animal Rescue– Literacy Council
• Reading Area Community College
![Page 6: Berks County Proposed FY2008 Budget County Commissioners Meeting November 15, 2007.](https://reader036.fdocuments.in/reader036/viewer/2022070307/551a7a4e55034643688b5441/html5/thumbnails/6.jpg)
BOND FUNDED CAPITAL PROJECTS - 2008
2008 revenue- new borrowings $47.0MPrior years bond proceeds $26.0MProceeds available for 2008 projects $73.0M
Recap: Prison Upgrade & Expansion $21.8M 911 System $32.9M Ag Land Easements $8.6M Financial Software $2.5M Other Projects $1.2MTotal capital asset expenditures $67.0M Open Space Allocations $6.0M2008 capital project expenditures $73.0M
Revenue is proceeds from proposed new financings and existing debt instruments.
Expenditures represent consumption of existing and future bond proceeds
![Page 7: Berks County Proposed FY2008 Budget County Commissioners Meeting November 15, 2007.](https://reader036.fdocuments.in/reader036/viewer/2022070307/551a7a4e55034643688b5441/html5/thumbnails/7.jpg)
Berks CountyProposed FY08 Budget
Other Capital Projects
Funded by tax dollars or grants:
• Voice over IP
• Courts – Jury Pool Software
• Antietam Acquisition
• Antietam Dam Repair
• Haycreek Trail
• Restoration Gruber Wagon Works
• Adaptive Recreation Area
![Page 8: Berks County Proposed FY2008 Budget County Commissioners Meeting November 15, 2007.](https://reader036.fdocuments.in/reader036/viewer/2022070307/551a7a4e55034643688b5441/html5/thumbnails/8.jpg)
Berks CountyProposed FY08 Budget
Personnel/Staffing
21 New Positions = $628k• Community Corrections 16 • Court - DJ’s Offc. Support 2• Court Reporters 1• DRO – Conference Officer/PT OS 218 Eliminated Positions = $344k• Facilities & Maint.- Seasonal PT 2• Courts – Video Arraign. Master 1• DRO Detective 1• DRO Temp position 1• Career Link Older
Americans – part time 12• Recycling Coordinator 1Extended Temp Positions • Clerk Court OS to 12.31.08 2
![Page 9: Berks County Proposed FY2008 Budget County Commissioners Meeting November 15, 2007.](https://reader036.fdocuments.in/reader036/viewer/2022070307/551a7a4e55034643688b5441/html5/thumbnails/9.jpg)
Berks CountyProposed FY08 Budget
2008 Execution Risks
Crime impacts on:
• Prison population – 1,213
• Children placements in CYS
• Juvenile placements in JPO and YDC
• Court costs
Operational risks:
• Pension investment performance – ARC Pmt
• Employee health
• New employees
• RiverPlace costs
• Park expansion – Antietam operating costs
![Page 10: Berks County Proposed FY2008 Budget County Commissioners Meeting November 15, 2007.](https://reader036.fdocuments.in/reader036/viewer/2022070307/551a7a4e55034643688b5441/html5/thumbnails/10.jpg)
Berks CountyProposed FY08 Budget
Future Challenges and Decisions
– Prison expansion/ Community Corrections - addt’l operating costs
– Addt’l Debt service - $36M Open Space/Ag Pres. - $1.8M per yr in 2010
– New $50M bond Issue for 911system – Annual debt service = $3.8M per yr in 2010 – assumes County pays for end user radios - $24.4M ??
– Service levels for Prison/CYS/YDC/JPO
– Tax growth - Assessed value versus inflation
– Federal and State budget cuts
– Non-tax revenue growth – few options
![Page 11: Berks County Proposed FY2008 Budget County Commissioners Meeting November 15, 2007.](https://reader036.fdocuments.in/reader036/viewer/2022070307/551a7a4e55034643688b5441/html5/thumbnails/11.jpg)
Berks CountyProposed FY08 Budget
Budget Process Successes
• Level of analysis• Commitment to cost effectiveness• Detail request from departments• Communication between all fiscal departments• Budget Office/Purchasing work hand in hand
– Professional Fees, Contracts, Supplies, Equipment, etc– Departments work off of actuals rather than budget
Future Challenge: continue to develop good data, departments understand analysis and cause and effect of revenue and spending patterns
![Page 12: Berks County Proposed FY2008 Budget County Commissioners Meeting November 15, 2007.](https://reader036.fdocuments.in/reader036/viewer/2022070307/551a7a4e55034643688b5441/html5/thumbnails/12.jpg)
Financial Overview
![Page 13: Berks County Proposed FY2008 Budget County Commissioners Meeting November 15, 2007.](https://reader036.fdocuments.in/reader036/viewer/2022070307/551a7a4e55034643688b5441/html5/thumbnails/13.jpg)
TAX OVERVIEW
2007 2008
Millage Rate 6.935 6.935
Assessed Value 17,847,725,700 18,151,140,900
Percent Change 2.23% 1.70%
Tax Revenue
Annual Tax Billing $118,289,786 $120,298,188Interims $585,000 $750,000Tax Claim Collections $3,500,000 $3,500,000
Total Tax Revenue $122,374,786 $124,548,188
Note: Tax Revenue is net of discounts and uncollectibles of 4.6%.
![Page 14: Berks County Proposed FY2008 Budget County Commissioners Meeting November 15, 2007.](https://reader036.fdocuments.in/reader036/viewer/2022070307/551a7a4e55034643688b5441/html5/thumbnails/14.jpg)
2008 Recommended Budget Consumption of Taxes
By Function
Judicial 27%$33M
Emergency 9112%$3M
Misc. 4%$5M
Not for Profits 3%$4M
General Govt. 1% $1M
Comm. & Econ. Developmnt
2%$2M
Public Safety 33%$41M
Public Works -2% ($3M)
Culture/Rec. 6%$8M
Youth Det 1%$2M
Berks Heim -1% ($1M)
Human Services
7%$9M
Debt Service 17% $21M
![Page 15: Berks County Proposed FY2008 Budget County Commissioners Meeting November 15, 2007.](https://reader036.fdocuments.in/reader036/viewer/2022070307/551a7a4e55034643688b5441/html5/thumbnails/15.jpg)
GENERAL FUND BALANCE OVERVIEW - Year End 2008
Total Fund Balance 117,287,735$
Reservations-Cumulative Losses:
Berks Heim (8,496,193)$ Youth Detention Center (6,255,023)$ Other Reservations:
Worker Comp Trust Fund (3,596,830)$ Hazmat, Encumbrances and Other (1,873,450)$
Designations:
Self Insured Health Fund (4,000,000)$
Environmental Litigation Fund (2,022,325)$ Tipping Fees Solid Waste/Recycling Fund (6,264,356)$
Capital Projects - 2008 (1,340,000)$
Total Unreserved Fund Balance 83,439,558$
![Page 16: Berks County Proposed FY2008 Budget County Commissioners Meeting November 15, 2007.](https://reader036.fdocuments.in/reader036/viewer/2022070307/551a7a4e55034643688b5441/html5/thumbnails/16.jpg)
2008 AND TRENDED BUDGET SUMMARY EXCLUDING CAPITAL PROJECTS FUND
All Funds 2006 2007 2008
Total Revenue $403,337,998 $438,439,199 $459,906,943
Total Expenses $397,526,202 $431,718,414 $459,906,943
Excess Revenue over Expenses $5,811,796 $6,720,785 $0
General Fund 2006 2007 2008
Total Revenue $193,787,485 $205,623,865 $213,618,599
Total Expenses $175,254,115 $186,886,907 $201,034,904
Excess Revenue over Expenses $18,533,370 $18,736,958 $12,583,695
![Page 17: Berks County Proposed FY2008 Budget County Commissioners Meeting November 15, 2007.](https://reader036.fdocuments.in/reader036/viewer/2022070307/551a7a4e55034643688b5441/html5/thumbnails/17.jpg)
2009 2010 2011
Total Revenue $463M $470M $478M
Total Expenditures $465M $483M $501M
Net Surplus/(Deficit) ($2M) ($13M) ($23M)
Unreserved Fund Balance $75M $53M $22M
Percent of Expenditures 16% 11% 4%
Includes new debt service related to Agland Preservation / Open Space borrowing $36M.
Includes new debt service for 911 Infrastructure upgrade of $50M
Include additional Community Corrections operating costs for 360 inmates, $9M-2009, $9.5M-2010, $9.9M-2011.
Assumes Union contract renewals are no higher than 2008 rates.
3 YEAR FINANCIAL FORECAST
![Page 18: Berks County Proposed FY2008 Budget County Commissioners Meeting November 15, 2007.](https://reader036.fdocuments.in/reader036/viewer/2022070307/551a7a4e55034643688b5441/html5/thumbnails/18.jpg)
Comments and Questions