Download Craig Coffey's Flagler County Budget Overview, April 2012 by FlaglerLive

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									           FLAGLER COUNTY BOARD
        OF COUNTY COMMISSIONERS
       Budget Overview - April 9, 2012




September 15, 2011

                                         1
     Drop in Property Valuation
 07-08 Taxable Value   $12,184,917,324

 08-09 Taxable Value   $11,200,626,942

 09-10 Taxable Value   $9,452,067,430

 10-11 Taxable Value   $7,667,193,838

 11-12 Taxable Value   $6,563,932,871

         Over 46% decrease in 4 yrs.      2
                 Property Taxes (Less the 5% Statutory Reduction)
           $70,000,000


           $60,000,000


           $50,000,000   $48,013,769   $47,333,578
                                                       $45,714,126
                                                                        $42,955,062
                                                                                           $40,306,553
Dollars




                                                                                                         $38,806,234
           $40,000,000


           $30,000,000


           $20,000,000


           $10,000,000


                   $0
                            FY07          FY08            FY09             FY10               FY11          FY12

                                             Budgeted By Fiscal Year - General Fund Only




          $1.5 Million Less this Year                            $9.2 Million or 19% Less Overall
                                                                                                                       3
         County Personnel Services
         (BOCC Only)(4.8 Million Per Year)
30,000,000



25,000,000
             $22,790,323   $22,777,686

                                         $20,131,131
20,000,000                                             $18,689,723   $18,383,350   $17,998,437


15,000,000



10,000,000



 5,000,000



        0
              FY2007        FY2008        FY2009        FY2010        FY2011        FY2012


                                                                                                 4
          Millage Rates
10.0000                       9.2443 9.2295
                                              8.5765                  8.4292
 9.0000                                                                        8.1833      7.8364
                                                                 7.6668
                                                           7.4096                 7.4499            7.5636
 8.0000                                              7.1267
                    6.5726                      6.6737
 7.0000                   6.2232
           5.5906
 6.0000
 5.0000
 4.0000
 3.0000
 2.0000
 1.0000
     -
              Flagler              Putnam        Saint Johns       Volusia         Statewide
              County               County          County          County           Average
                     Fiscal Year 2010-11 Actual Aggregate Millage Rate
                     Fiscal Year 2011-12 Aggregate Rolled Back Millage Rate
                     Fiscal Year 2011-12 Proposed Aggregate Millage Rate                                     5
                General Fund
                                                                                             Expenses
                                                      Reserves              Sheriff                      $   19,323,890
BOCC Departments                                       11.74%
                                                                            Property Appraiser                1,980,705
     49.13%
                                                                            Tax Collector                     2,300,000

    Judicial Expense
                                                                            Clerk of the Circuit Court        1,107,864
                                                                 Sheriff
         0.17%                                                   29.64%     Supervisor of Elections            688,777
                                                                            Judicial Expense                   109,350
                                                       Property Appraiser
                                                             3.04%                                           25,510,586
   Supervisor of                      Tax Collector
     Elections                           3.53%
                 Clerk of the Circuit                                       BOCC Departments                 32,025,779
      1.06%
                        Court
                       1.70%
                                                                            Reserves                          7,651,423
                                                                            Total Expenses               $   65,187,788




                                                                                                                    6
       Major Budgetary Challenges
 Reductions in Millage 5%-         $2,000,000
 Increases in Fuel      50 cents + $ 250,000
 FPL Proposed Increase             $ 50,000
 Medicaid Increase                 $ 250,000
 Employee Cost of Living Adjustment$ 750,000
Total Estimated Challenges          $3,300,000




                                                 7
                 Future Challenges
                 Beyond FY 2012/13

   Amendment 4                               $1,100,000
   Other Reductions in Valuation             $500,000
   Operational Costs Expansions Jail/Sheriff $3,000,000
   Health Insurance Health/Law Changes
   Deferred Capital Equipment Replace.
   Normal IT Capital Equip. Replacement
   Fuel Increases on everything we buy
   Slow Economic Growth
   Cost of Capital Projects

                                                           8
   Major Budgetary Assistance
 Grants such as Fire Grant for    $468,000
 Jail Planning Money              $250,000
 Reduction in Retirement Rate     $450,000
 Total                             $1,168,000

No major fires this year to date   $ 0
Health Insurance Looking good      $ 0



                                                9
     Issues we are working on
 Previously the Proposal from Council on Aging.
 Exploring further energy efficiency changes - May
  meeting.
 Budget Reserve Policy of 10% and Two Month Cash
  Flow Policy
 Continue to focus on efficiencies.
 Reviewing Department Budgets Now.
 Will focus on self funding areas - Building/Airport


                                                        10
            Closing the Gap
     Approximately 2 Million Dollars
• Spending Reserves
• Electric Franchise Fees 1 million
• Additional reductions in Services, Staff,
     Equipment and Capital Projects to include
     Constitutional Officers
• Raise Millage to take in the same revenues.

 **Combination of some or all of the above**


                                                 11
ESTIMATED VALUATION DECREASE AT 100%
     Each 1 cent = $ 65,600
     Each 10 cents = $ 656,000
     Each $1.00 cents = $6,564,000

     Each 1 cent = $ 62,400
     Each 10 cents = $ 624,000
     Each $1.00 cents = $6,236,000
 * By law we budget based on 95% collection around 96%

                                                         12
             Discussion Points
 Budget Process - Faster, Specific Information,
  anything Different ???

 Specific areas you want us to focus on ???


 Strategies/Ideas for Staff???




                                                   13
Flagler County BOCC

 Insurance Benefits Workshop
 April 9, 2012




                               14
Budget Analysis
October 1, 2011 - September 30, 2012 Plan Year
                                                                          Remaining Year
                                                   Actual 10/1/2011-         Estimates
                                                        2/29/12             (7 months)
Medical & Dental                Annual Budget         (5 months)
County Premium Contributions   $ 5,081,293.00     $ 2,126,885.25     $      2,117,205.42
Employee, Retiree & COBRA
Contributions                  $   1,694,296.00   $     633,949.01    $       705,956.67
Total Funding                  $   6,775,589.00   $   2,760,834.26    $     2,823,162.08
Stop Loss Reimbursement        $              -   $      29,622.44    $                -
Pharmacy Rebates               $              -   $      40,021.53    $                -
Total Credits                  $              -   $      69,643.97    $                -
Fund Revenue                   $   6,775,589.00   $   2,830,478.23    $     2,823,162.08

Medical & Dental Claims Paid   $   6,000,000.00   $   1,973,643.21    $     2,500,000.00
Admin Fees                     $     370,656.00   $      166,524.92   $       154,440.00
Stop Loss Premium              $     673,033.00   $      219,782.77   $       280,430.42
Health Insurance Expenses      $   7,043,689.00   $    2,359,950.90   $     2,934,870.42

Expenses vs Funding            $   (268,100.00)   $     470,527.33    $     (111,708.33)
                                                                                           15
                           Expenses versus Funding
 $900,000.00


 $800,000.00


  $700,000.00


 $600,000.00


  $500,000.00


 $400,000.00


  $300,000.00


  $200,000.00


  $100,000.00


          $-
                Oct-11    Nov-11    Dec-11    Jan-12    Feb-12       Mar-12   Apr-12    May-12    Jun-12     Jul-12   Aug-12     Sep-12
                Oct-11    Nov-11    Dec-11    Jan-12    Feb-12       Mar-12   Apr-12    May-12    Jun-12     Jul-12   Aug-12     Sep-12
County Funding $421,918. $423,302. $428,143. $427,452. $426,068.
 Employee
                 $103,164. $103,406. $104,265. $102,342. $100,888.
Contributions
Total Expenses   $459,434. $588,901. $438,452. $386,912. $475,897.
2010-11 Expenses $493,463. $384,929. $576,780. $446,400. $411,947. $606,930. $401,707. $516,919. $434,134. $496,409. $792,044. $461,791.
Employee Participation
 Through June 2011, 296 of the 622 employees had
 utilized the clinic at least once.
   47.5%

 Through December 2011, 468 of the 622 employees had
 utilized the clinic at least once.
   75%


                                                    17
Health Insurance Plan Prescription
Utilization by Days Supply




                                     18
Health Insurance Plan Prescription
Cost Trends
                            -$159,210




                                        19

								
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