HomeMy WebLinkAboutFinancial UpdateDeschutes County
Budget Committee Update
January 28, 2015
County Financial Update
•Budget/Actual through December 2014
•Status of Selected Financial Issues
•Budget Assumptions for 2015/16
General Fund
Actual
2013
Actual
2014
Budget
2015
YTD 2015
Dec 2014
Projection
2015
Variance
Property
taxes
20,734,019 21,906,239 22,736,401 21,092,663 23,136,401 400,000
Other
Revenue
6,989,608 5,625,940 5,429,040 3,441,001 5,742,640 313,600
Total
Revenue
27,723,627 27,532,179 28,165,441 24,533,664 28,879,041 713,600
Operating
Expenditures
12,480,872 13,195,239 13,744,086 6,462,525 13,594,086 150,000
Transfers 13,930,307 16,327,584 14,076,394 7,311,861 14,076,394
Total
Expenditures
26,411,179 29,522,823 27,820,480 13,774,385 27,670,480 150,000
Beginning
Fund Balance
9,059,394 10,371,843 7,692,433 8,381,199 8,381,199 688,766
Ending Fund
Balance
10,371,843 8,381,199 8,037,394 19,140,478 9,589,760 1,552,366
Assessed Value
0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
45,000,000
07 08 09 10 11 12 13 14 15
Countywide Sheriff Unincorp
at 3% per year Countywide Market Value
Property Taxes
0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
2007 2008 2009 2010 2011 2012 2013 2014 2015
General LED #1 LED #2 9-1-1
Development Revenues
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
20
0
1
20
0
2
20
0
3
20
0
4
20
0
5
20
0
6
20
0
7
20
0
8
20
0
9
20
1
0
20
1
1
20
1
2
20
1
3
20
1
4
20
1
5
Building
Planning
Electrical
Environmental
Room Tax
0
1000000
2000000
3000000
4000000
5000000
6000000
Room Tax Revenue
Room Tax Revenue
Federal Forest Receipts
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
2008 2009 2010 2011 2012 2013 2014 2015
PILT
Forest
Total
Health Benefits Trust
Actual
2013
Actual
2014
Budget
2015
YTD 2015
Dec 2014
Projection
2015
Variance
Dept
Premiums
12,874,815 14,485,502 15,517,000 7,982,589 15,966,200 449,200
Other
Revenue
3,265,725 3,712,369 3,992,000 2,037,383 4,045,440 53,440
Total
Revenue
16,140,540 18,197,871 19,509,000 10,019,972 20,011,640 502,640
Personnel 197,101 129,509 144,917 61,494 144,917
Admin/Welln
ess
15,762,814 14,726,294 16,385,812 7,991,405 16,235,473 150,339
DOC 886,351 932,031 1,005,277 415,091 1,040,277 -35,000
Pharmacy 1,877,480 1,916,777 2,015,321 654,352 1,892,738 122,583
Total
Expenditures
18,723,746 17,704,610 19,551,327 9,122,342 19,313,404 237,922
Beginning
Fund Balance
14,551,028 11,967,822 11,585,710 12,461,082 12,461,082 875,372
Ending Fund
Balance
11,967,822 12,461,082 11,543,383 13,358,712 13,159,318 1,615,935
County Health Benefits Trust
0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Revenues Expenditures Ending Balance
PERS Projection November 2014
Solid Waste Loans @ 12/31/2014
•Humane Society $ 480,005
Remaining balance to be repaid over time from a private
trust set up to benefit the animal shelter.
•Jail Project $1,036,421
Board approved making final payment of estimated
$1,040,000 from the general fund at this mornings BOCC
meeting.
Bethlehem Inn
•Board approved transfer of $2,700,000 from
the general fund to close out the Bethlehem
Inn fund in June 2014.
•Sale agreement dated July 22,2014 for sale of
the property to the Bethlehem Inn
organization for $1,000,000. The Inn has until
March 15, 2015 to fund the transaction.
2015/16 Budget Assumptions
•General Fund Transfers
–…assume your FY 2016 general fund transfer will
be similar to the FY 2015 transfer but no more
than is necessary to maintain current service
levels.
•General Fund Departments
–…departments that rely on General Fund revenues
for their base funding should also assume that
available funding will be similar to the FY 2015
level.
2015/16 Budget Assumptions
•COLA – 12 mo thru Dec 14 .8%
–AFSME Contract 2.0%
–FOPPO, DA’s, IUOE to be negotiated TBD
–DCSEA, 911 Minimum 1.5%
–Non-Represented TBD
•Health Premium to Depts $18,461 4.0%
–No charge for vacant positions
•Assessed Value Increase 5.0%
2015/16 Budget Assumptions
PERS
FY
2015
FY
2016
%
Change
% of
Payroll
Change
Subject Salary Projected Cost
PERS General
Service
16.60% 19.91% 19.9% 3.31% 20,382,164 $674,469
PERS Public
Safety
23.44% 23.78% 1.5% .34% 9,668,535 $32,873
OPSRP
General
Service
14.52% 14.53% 0% 0% 21,140,281 $2,114
OPSRP Public
Safety
17.25% 18.64% 8.0% 1.39% 6,263,965 $87,069
1.39% 57,454,945 $796,525
Internal Service Funds Allocations
for FY 2016
•New Cost Plan Software in use for FY 2016
•New temporary projects being charged out to
departments
–Finance H/R Software project for
FY 2016 and FY 2017 $400,000
– Personnel Class & Comp Study for
FY 2016 only $100,000
•Total increase with new projects $1,049,000
–11.73% increase over FY 2015
Questions/Discussion