“FY 2016 County Administrator’s Budget Recommendation March 23, 2015”

Summary of Factors Affecting 2016 Budget Development Revenue 1. Slowly Improving Economy 2. State and Federal Revenues Flat or Declining 3. Significant Reductions in Property Tax Base Due to New Assessments 4. Decline in Number of Utility Connections Expenses 1. School Requested Increase$572, Volunteer Fire/EMS Requested Increase$125, Increasing County Debt Service$196, Correction to 2015 Budgeted Jail Cost$286, Correction to 2015 Budgeted CSA (Comprehensive Services Act)$113, Employee Compensation (each 1% increase in pay)$80, Capital Needs$275,000

Equalization of the Real Estate Tax Due to Change in Assessed Value in CY2015 (Real Estate Rate Only) Real Estate FY2015 Budgeted (100% Collection Rate & No Elderly Tax Relief) FY2016 (100% Collection Rate & No Elderly Tax Relief) % Change From Prior Year Countywide Assessed Value$1,696,444,145$1,498,654, % Special School Taxing District Assessed Value $1,385,987,815$1,188,107, % General Gov’t Rate$0.38$ % 100% Tax Collections$6,446,488$6,444,2140% School Fund Rate$0.44$ % 100% Tax Collections$6,098,346$6,059, %

Constitutional Officer Funding

School Division Revenue FY2010 FY2011 FY2012 FY2013 FY2014 State Revenue$10,261,607$9,187,164$9,027,694$9,093,614$9,394,101 State Sales Tax$1,940,419$2,015,956$2,088,711$2,062,260$2,037,845 Federal Revenue$1,520,217$2,256,112$1,298,026$999,752$985,686 Local Appropriation (including debt) $10,154,596$10,154,343$11,053,956$10,324,145$10,664,640 Miscellaneous$143,967$238,670$221,921$562,992$186,531 Total$24,020,806$23,852,245$23,690,308$23,042,763$23,268,803

2015

FY 2015 to FY 2016 Cost Increases – No Recourse Prisoner Housing Costs$286,000 Debt Service$196,000 Comprehensive Services Act$113,000 Transfers to Utility Debt$125,000 Social Services – Local Share$34,000 Health Insurance Premiums$66,000 Total$820,000

Break Out of Rate Increase Districts Town of West Point General Government Equalization.05 Special School Tax District Equalization.07_ General Government Additional Rate Proposed.04 Total FY 2015 Real Estate Rate (.44 School Division) FY 2016 Proposed Real Estate Rate (.51 School Division)

Impact of Tax Rate Increase on Selected Properties

Remaining Budget Work Sessions (adopted by the Board of Supervisors on January 26, 2015) Monday, April 6, :00 p.m. Regular Board Work Session - Detailed Review of County Administrator’s Recommendations (Q&A) Monday, April 13, :00 p.m. Public Hearing – Budget and Tax Levies Friday, April 17, 2015 and Monday, April 20, 2015 (time TBD) Budget Work Sessions as needed Monday, April 27, :00 p.m. Regular Board Meeting – Adopt Budget and Tax Rates