1. 1 2015 Budget Workshop Camano Island Fire and Rescue October 27, 2014

2. 2 Proposed Budget Time Table - 2014 July / August Budget Briefing Meetings August / Sept – Preparation of Draft Budget September 22- Commissioner Budget Workshop October 13 – First Reading October 27 – Second Reading Public Hearing November 10 – Final Reading Approval by Resolution November 30 - Submit To County

3. 3 Current Fire Levy Rate Fire – Permanent Levy Approved at @ $1.25 per $1,000 Assessed Valuation Current Levy Rate is $1.15 per $1,000 A.V. Projected to be $1.15 in 2015

4. 4 Current EMS Levy Rate EMS – 6 year levy Approved at @ $0.50 per $1,000 Assessed Valuation Current Levy Rate is $0.50 per $1,000 A.V. Projected to be $0.50 in 2015

5. 5 2014 Fire and EMS Levy Revenues Fire Levy $3,163,892 EMS Levy $1,473,950 Total: $4,637,842

6. 6 2015 Projected Levy Revenues Fire:2014 Revenue$ 3,163,892 + 1% $31,638 $ 3,195,530 EMS: 2014 Taxable Valuation $2,968,123,280 Levy Rate $0.50 / $1,000 $1,484,061 Total Revenue:$4,679,591

7. 7 Revenue Sources 2014 2015 Beginning Balance$ 0 $ 160,000 Fire Taxes $ 3,163,892 $ 3,195,530 EMS Taxes $ 1,473,950 $ 1,484,061 Other Tax Revenue$ 1,000 $ 2,000 Grant Funds$ 1,300 $ 1,300 Charges for Service $ 496,368 $ 532,500 Investment Interest$ 32,377 $ 25,783 Non-Revenue$ 20,500 $ 18,700 Other Revenue$ 16,019 $ 16,613 =$ 5,205,407 $ 5,436,487

8. 8 Revenue Summary The Island County Assessors Office has released 2014 Assessed Value information which indicates an ~1% increase in values for Camano Island. Due to the banked capacity within our EMS Levy, we will receive an increase in tax revenue commensurate with the increase in assessed values (~$10,000). Because the Fire levy is NOT at its maximum rate, we will still get our 1% legislative increase (~$31,000). The BOFC set aside $160,000 from 2014 to fund contractual wage increases and costs associated with training a new paramedic. Transport revenue continues to rise; an additional $50,000 was added to the 2015 budget. Contracts for outside service through the Maintenance Division decreased by $8,000.

9. 9 2015 Budget Strategic Priorities Maintain sustainable budget based on current and predicted future revenue. Purchase necessary Capital items. Replace apparatus as planned funds become available. Maintain District operating reserve at 15% of annual expense fund. Continue to meet level of service goals with a combination work force (Increase part-time staffing to allow for up to three concurrent transports). Develop partnership opportunities with other agencies / organizations that may reduce operating costs. Initiate Strategic Planning Process.

10. 10 Expense Fund Based on the Board’s previous direction, a draft balanced budget has been presented. While the budget largely represents operational status quo, several program enhancements have been included. –Fund radio repeater upgrades –Establish annual hose replacement fund –Establish a new wellness fitness program –Continue needed computer upgrades –Fund 2015 election costs –Certify all officers with Blue Card Command Training –Fund officer training to meet newly established requirements –Re-establish High Angle Rope Rescue team –Bring facility budgets in-line with actual costs –Allocate funds to Apparatus Replacement and Long Term Payroll Liabilities

11. 11 Reserve Fund Status Current Balance: True Reserve @ 15%$ 758,000 Apparatus Replacement$ 225,000 Medical Reserves$ 257,000 Long-Term Payroll Liabilities$ 100,000 Total $1,340,000 Reserve Fund Planning: The District has met its stated goal of retaining 15% of its annual expense fund as true reserves.

12. 12 Capital Purchases Using carryover funds from 2013, the BOFC allocated $32,000 to purchases needed Capital Items. Other Capital Purchases may be considered after April 2015.

13. 13 Apparatus Replacement Planning Using carryover funds from 2013, the BOFC added $100,000 to the apparatus replacement fund bringing the balance to $225,000. Debt service on our most recent medic unit purchase is set to expire at the end of 2014. The $51,000 annual payment has been left in the expense fund should the BOFC choose to purchase a new unit. Debt service on our most recent engine purchase is set to expire at the end of 2016 ($37,500 annual payment). Funds from the sale of the rental property may also be used for apparatus replacement. The BOFC has initiated the specification process for a new Tender and Medic Unit.

14. 14 Revenue Resolutions Draft Resolutions presented October 27th Final Adoption of Resolutions on November 10th Assumes No New Construction Costs Factors in a 10% estimate on totals Proposed actual budget assumes most conservative projection There is no need for an additional Resolution to declare “Substantial Need” for 1% increase based on a negative Implicit Price Deflator (IPD).