Presentation is loading. Please wait.

Presentation is loading. Please wait.

The 2015 Budget is balanced. The 2015 Budget is balanced. Total County budget is $466 million. Total County budget is $466 million. $191 million – Corporate.

Similar presentations


Presentation on theme: "The 2015 Budget is balanced. The 2015 Budget is balanced. Total County budget is $466 million. Total County budget is $466 million. $191 million – Corporate."— Presentation transcript:

1 The 2015 Budget is balanced. The 2015 Budget is balanced. Total County budget is $466 million. Total County budget is $466 million. $191 million – Corporate Fund $275 million – Special Funds OPEB contribution of $2 million. OPEB contribution of $2 million. $1.6 million in savings from new health insurance plan. $1.6 million in savings from new health insurance plan. Maintaining AA+ Bond rating. Maintaining AA+ Bond rating. Will County 2015 Budget

2 5 Year Road and Capital Plan This plan is a reflection of discussions at various committee meetings. Comprehensive approach to fund roads, facilities, and technology. Identifies both on-going and future capital projects. Establishes annual amount for vehicle and equipment replacement. Appropriated one year at a time.

3 5 Year Road and Capital Plan Major Capital Projects Courthouse Sherriff’s facility Health department Roads Historical average $27 million. FY 2015 budget plans for $32 million. Gradual spend down of RTA and Motor Fuel balances.

4 2014 Tax Levy for 2015 Budget Includes CPI at 1.5% and New Property. Includes CPI at 1.5% and New Property. Levy Calculation Levy Calculation $112,878, x 1.5% = $1,693, CPI $ 201,445, x.6300% =$1,269, New Property Total: $2,962, Total: $2,962, $2.4 million dedicated to countywide capital projects. $2.4 million dedicated to countywide capital projects.

5 Other Facts The 2015 Corporate fund budget reflects an increase of 2.9 percent or $5.4 million. The 2015 Corporate fund budget reflects an increase of 2.9 percent or $5.4 million. The levy reflects one third of revenue increase. The levy reflects one third of revenue increase. The remainder comes from increases in: The remainder comes from increases in: Sales tax collections Sales tax collections New grant revenues New grant revenues Other new sources of revenue that are not property tax based Other new sources of revenue that are not property tax based The Corporate fund budget does not include the use of any cash reserves to balance the budget. The Corporate fund budget does not include the use of any cash reserves to balance the budget. The entire Levy increase of $2.4 million is allocated for capital projects. The entire Levy increase of $2.4 million is allocated for capital projects. The combined salary and fringe benefits continue to be steady at 76% of total corporate expenditures. The combined salary and fringe benefits continue to be steady at 76% of total corporate expenditures.

6 Revenue Increases Levy at $2.4 million Levy at $2.4 million Non-Property Tax Revenue Sources Non-Property Tax Revenue Sources County Supplemental at $600 thousand. County Supplemental at $600 thousand. Local Distribution of State Income Tax at $600 thousand. Local Distribution of State Income Tax at $600 thousand. Salary Reimbursements for Probation and Juvenile Detention at $1.6 million. Salary Reimbursements for Probation and Juvenile Detention at $1.6 million. Sunny Hill Nursing Home reimbursements at $750 thousand. Sunny Hill Nursing Home reimbursements at $750 thousand.

7 Expense Salaries 49% Salaries 49% Fringes 27% Fringes 27% 76% of total corporate budget. 76% of total corporate budget. Supplies 5% Supplies 5% Prof/Tech Svcs 6% Prof/Tech Svcs 6% Prop Svcs 3% Prop Svcs 3% All Other 10% All Other 10%

8 Informational Budget Sessions Meetings will be held in the County Board Committee room. Meetings will be held in the County Board Committee room. Monday, September 22 nd at 10:30am Monday, September 22 nd at 10:30am Wednesday, September 24 th at 10:30am Wednesday, September 24 th at 10:30am The 2015 draft budget will be available on the County website at the conclusion of today’s meeting.

9 Thank You


Download ppt "The 2015 Budget is balanced. The 2015 Budget is balanced. Total County budget is $466 million. Total County budget is $466 million. $191 million – Corporate."

Similar presentations


Ads by Google