1. Queen Anne’s County Commissioners FY2018 Proposed Budget April 11, Gregg A. Todd, County Administrator Jonathan R. Seeman, Director, Budget, Finance & IT

2. FY2018 Budget Highlights
Budgeted Growth - $4.1 million or 3.2%, increase from $129.7 million in FY2017 to $133.8 million in FY2018
Revenue - Income tax & property tax make up 86% of total County revenue sources
Income Tax Revenue - Projected to grow by 6.4%
Property Tax Revenue - Relatively stagnant, projected to grow by 1.8%
Property Tax Assessable Base - Increase of 3.2% for area reassessed (north County)
Tax Rates - Remain the same, property tax rate is $0.8471/$100 of assessed value; income tax rate is 3.2%

3. FY2018 Budget Highlights
Constant Yield Rate is $ per $100 of assessed value, slightly lower then current rate of $ per $100 of assessed value which will result in $670,000 in revenue above what would be collected at Constant Yield rate
Employee Compensation Increase - 2% for county employees
Board of Education - Funded at Maintenance of Effort, increase of $1.3 million
Enhancements – 7 new full time positions
Southern Kent Island Sewer Project - $225,000 financial aid funding

4. FY2018 Budget Highlights AAA Bond Rating
“The county's 'AAA' reflects its stable economic base, supporting historically strong operating performance and a solid revenue framework, coupled with spending flexibility.”
“Fitch expects growth prospects for revenues to be above inflation given strong growth in income taxes and modest appreciation in residential property values.”
“Conservative budget management practices have contributed to consistent reserve levels maintained at amounts above what Fitch deems adequate for an 'aaa' reserve safety margin.”
Fitch Ratings – RAC 2017 Release Queen Anne’s County

5. FY2018 – Proposed Revenue by Source

6. FY2018 – Proposed Expenses by Function

7. Real Property Assessed Value
FY FY2018

8. Real Property Tax Rates by County
*Above rates are all for FY2017

9. Budget Revenue Changes FY2017 - FY2018

10. Position Changes

11. Position Changes, continued

12. Position Changes, continued

13. Position Changes, continued

14. Enhancements Proposed AGING
Full Time Transit Driver (allow for additional MTA funded vehicle)
53,557
3 Contractual Senior Center Aides (positions were eliminated in FY12)
49,344
102,901
RECREATION
League Coordinator
68,163
General Recreation Expenses (Increase in minimum wage & delayed school opening)
7,000
75,163
DES
Special Operations Emergency Management Planner
79,154
Date Processing Supplies
11,015
Electronic & Planning Software
9,400
99,569
ECONOMIC DEVELOPMENT
Travel Expense (increase business development activities)
6,000
Admin Assistant (Increase to Full Time)
28,228
34,228
PARKS
Part Time Equipment Operator II
31,466
3 Part Time Guest Services Associates
11,990
Matapeake Clubshouse Supplies
10,000
53,456
SANITARY DISTRICT
2 Wastewater Collection Utility Workers (Due to addition of SKI services)
89,498
Water Treatment Utility Worker
44,749
134,247
VFC
*Option 1 LOSAP- Age Reduction
253,500
753,064

15. County Commissioners Proposed Budget
FY2018 Revenue
County Commissioners Proposed Budget

16. County Commissioners Proposed Budget
FY2018 Expenditures
County Commissioners Proposed Budget

17. FY2018 Expenditures, continued County Commissioners Proposed Budget

18. FY2018 Expenditures, continued County Commissioners Proposed Budget

19. FY2018 Expenditures, continued County Commissioners Proposed Budget

20. FY2018 Capital Budget Highlights
Capital Budget - $37 million
Includes $6.4 million for Board of Education projects
Includes $12.6 million for Southern Kent Island sewer project (SKI)
Bond Sale - $15.8 million, which includes:
New Courthouse - $8 million
Total of $4.6 million for Board of Education
*BOE includes Grasonville Elementary School Addition - $3.1 million
Asphalt Overlays - $2.5 million
Other Miscellaneous Projects - $ 0.7million
Funding Sources
Pay Go - $1.4 million
Grants - $1.1 million
Bonds - $15.8 million
Operating Funds - $ .7 million
Capital Fund Balance - $4.8 million
Other - $13.2 (primarily for SKI)

21. 6 Year Capital Budget
FY2018 – FY2023

22. 6 Year Capital Budget, continued FY2018 – FY2023

23. 6 Year Capital Budget, CONTINUED FY2018 – FY2023

24. 6 Year Capital Budget, continued FY2018 – FY2023

25. 6 Year Capital Budget, continued FY2018 – FY2023

26. 6 Year Capital Budget, continued FY2018 – FY2023

27. Potential Allocations
FY2018 Proposed Bond Sale
Potential Allocations
$15.8 Million

28. FY2018 Capital Budget by Funding Source

29. FY2018 Capital Budget by Funding Source, continued

30. FY2018 Capital Budget by Funding Source, continued

31. FY2018 Capital Budget by Funding Source, continued

32. Upcoming Dates & Considerations
Public Hearings - April 24, 25, 26
Work Session - May 9
Budget Adoption - May 23