FY14 Initial Budget Discussion with Board of Supervisors

October 23, 2012

Agenda• Review FY13

1. County Levy Rate Comparisons2. Revenue Trends3. General Fund Balance

• FY14 Preparation• FY14 Direction• FY14 Budget Calendar

FY13 URBAN AREAS TAX LEVY RATEFOR THE EIGHT LARGEST METROPOLITAN IOWA COUNTIES

While ranking 3rd in size Scott County ranks THIRD LOWEST among the eight largest metropolitan Iowa Counties in the urban areas tax levy rate amount for FiscalYear FY12

LINN (2nd)

BLACKHAWK (4th)

*** SCOTT (3rd) ***

DUBUQUE (7th)

JOHNSON (5th)

POLK (1st)

WOODBURY (6th)

POTTAWATTAMIE (8th)

$6.11

$6.24

$6.30

$6.43

$6.75

$6.81

$7.45

$7.52

COUNTY (population size ranking in brackets)

URBAN AREAS LEVY RATE

FY13 RURAL AREAS TAX LEVY RATEFOR THE EIGHT LARGEST METROPOLITAN IOWA COUNTIES

While ranking 3rd in size Scott County ranks the 2nd LOWEST among the eight largest metropolitan Iowa Counties in the rural areas tax levy rate amount for Fiscal Year FY13

BLACKHAWK (4th)

*** SCOTT (3rd) ***

LINN (2nd)

JOHNSON (5th)

WOODBURY (6th)

DUBUQUE (7th)

POTTAWATTAMIE (8th)

POLK (1st)

$9.39

$9.44

$9.83

$9.84

$9.85

$10.00

$10.68

$11.36

COUNTY (population size ranking in brackets)

RURAL AREAS LEVY RATE

FY13 COUNTY PROPERTY TAX AMOUNT PER CAPITAFOR THE EIGHT LARGEST METROPOLITAN IOWA COUNTIES

While ranking 3rd in size Scott County ranks fourth LOWEST among the eight largest metropolitan Iowa Counties in the County property tax per capita amount for FiscalYear FY12. These figures are based on 2010 census data.

BLACKHAWK (5th)

WOODBURY (6th)

LINN (2nd)

*** SCOTT (3rd) ***

DUBUQUE (7th)

POLK (1st)

JOHNSON (4th)

POTTAWATTAMIE (8th)

$242

$253

$274

$288

$295

$302

$335

$363

COUNTY (population size ranking in brackets)

COUNTY PROPERTY TAX AMOUNT PER CAPITA

FY13 COUNTY PROPERTY TAX AMOUNT PER CAPITAWHERE SCOTT COUNTY RANKS AMONG ALL 99 COUNTIES

Scott County has the 14th LOWEST county property tax amount per capita of allninety-nine Iowa counties for Fiscal Year FY13.

SIOUX (99th)

BLACK HAWK (98th)

STORY (97th)

WOODBURY (96th)

WARREN (95th)

WAPELLO (94th)

LINN (93th)

APPANOOSE (92nd)

PAGE (91st)

JACKSON (90th)

LEE (89th)

DECATUR (88th)

DAVIS (87th)

SCOTT (86th)

STATEWIDE AVERAGE

CALHOUN (5th)

AUDUBON(4th)

PALO ALTO (3rd)

ADAMS (2nd)

POCAHONTAS (1st)

$239

$242

$243

$253

$267

$268

$274

$275

$277

$280

$282

$284

$285

$288

$402

$627

$645

$650

$652

$790 COUNTY (per capita ranking in brackets)

COUNTY PROPERTY TAX AMOUNT PER CAPITA

INTEREST INCOMETEN YEAR COMPARISON and FY13 BUDGET AMOUNT

This graph shows the wild ride of interest rates' impact on investment earnings by the County during the last ten years. Currently rates are at almost zero.FY06 - 4.213% FY08 - 3.781% FY10 - .3811% FY 12 - .3576%FY07 - 5.059% FY09 - 1.6900 % FY11 - .4707% Current - .1500%

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

$1,800,000

$2,000,000

$496,870

$322,673

$709,515

$1,319,286

$1,885,460

$1,368,847

$676,135

$160,348

$198,421 $144,518 $140,000 $140,000

RECORDER INCOMETEN YEAR COMPARISON and FY13 BUDGET AMOUNT

This graph shows the impact of interest rate changes on real estate filings income by the Recorder's Office during the last ten years.

FY03

FY04

FY05

FY06

FY07

FY08

FY09

FY10

FY11

FY12

FY13

Bud

get

FY13

Pro

ject

ed

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

$1,800,000

$2,000,000

$1,923,503

$1,648,442

$1,394,097

$1,487,184

$1,401,262

$1,280,961

$1,154,872

$1,131,048

$1,173,210

$1,236,569

$1,246,900

$1,285,500

RIVERBOAT GAMING INCOMETEN YEAR COMPARISON and FY13 BUDGET AMOUNT

Gaming revenue has been declining since FY05. For FY11 - FY15, we will lose an additional $53,180 per year due to a RIIF assessment from 2005 and 2006.Riverboat Gaming income is used to support capital projects.

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

$800,000

$900,000

$1,000,000

$805,667

$919,864

$904,896

$887,690

$789,210

$815,524

$748,920

$676,255

$584,582

$596,840

$575,000

$575,000

SALES TAXTEN YEAR COMPARISON and FY13 BUDGET AMOUNT

Sales Tax is used for property tax relief. This revenue source is different from others, as most recent estimates project a slight decrease from FY 12.

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

$4,000,000

$4,500,000

$3,289,382

$3,403,432

$3,418,462

$3,382,319

$3,727,522

$3,860,101

$3,691,392

$3,637,825

$3,863,574

$4,052,754

$4,052,754

$3,960,430

GENERAL FUND UNASSIGNED ENDING FUND BALANCETEN YEAR COMPARISON

We project that we will end FY12 with 17.77% fund balance.The Board's Financial Management Policy requires a 15% minimum General Fund balance.

$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

$7,000,000

$8,000,000

$9,000,000

$10,000,000

$6,372,309

$5,488,379

$4,637,761

$5,479,818

$5,306,330

$5,590,875

$5,857,816

$7,612,122

$9,247,282

$9,477,800

$9,477,800

FY14 Budget Preparation• Personnel

– IPERS Increase, COLA, Health Costs 4%, (maintain Health/Dental Insurance Fund Balance), Two unions are currently in negotiations

• Non-Personnel – Budget 0% growth from FY12

(FY12 Operating Budget 94.5% expended + 1.7% inflation)– Adjust non-general fund budgets to expected revenues

(i.e. Secondary Roads, MHDD)

FY14 Budget Preparation• Authorized Agencies

- Require FY14 Budgets at 0% growth• Capital Budget

- Continue property tax transfer at $1,225,000 Continue ERP funding Review Fleet Study recommendation Review Space Study results

PSA lease in Debt Service levy

SCOTT COUNTYFY14 BUDGET PREPARATION

CALENDAR OF EVENTS

October 23 Work Session with Board of Supervisors and County Administrator / Budget Manager on FY 14 Budget

October 26, 2012/ 1:00 p.m. FY14 Budget Orientation Session for County Departments and Authorized AgenciesNovember 21, 2012 FY14 Budget Submissions Due

FY13 Budget Amendment Submissions DueFY14 County Departments BFO Submissions DueCapital Improvement Forms Due

NO BUDGET CHANGES WILL BE ACCEPTED AFTER NOVEMBER 21!November 27, 2012 Draft Audit Presentation to the BoardJanuary 21, 2013 File Budget Estimate (based on budget requests) with County AuditorJanuary 29, 2013 Presentation of County Administrator's Recommendation on FY14 Budget

Publication of FY14 Budget Estimate and FY13 Budget AmendmentJanuary 31 – March 1 Board of Supervisors Budget ReviewJanuary 30, 2013 Publish the FY14 Budget Estimate and FY13 Budget Amendment in the North Scott Press (send info to paper on

Monday, January 21)January 30, 2013 Publish the FY14 Budget Estimate and FY13 Budget Amendment in the Quad City Times and Bettendorf News

(send info to papers on Monday, January 21)January 31, 2013 Set Public Hearing for FY14 Budget Estimate and FY13 Budget AmendmentFebruary 14, 2013 Public Hearing on Budget Estimate 5:30 p.m.March 5, 2013 Adoption of FY13 Budget Plan – 8:00 a.m.March 15, 2013 File Budget Forms with State Office of Management