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Item va budget presentation Presentation Transcript

  • 1. BUDGET UPDATEFY12/13PROJECTIONS FORFY13/14ITEM V.A.
  • 2. 234567Budget Process81
  • 3. Budget Process1Review FY12/13 Budget toUpdate Revenues and ExpensesBudget Process
  • 4. Budget Process2013 Preliminary Tax RollEstimates Received in May2Budget Process
  • 5. Budget ProcessReview Development of theBudget with the Board in June3Budget Process
  • 6. Budget Process2013 Final Tax RollEstimates Received at theEnd of June4Budget Process
  • 7. Presentation Materials andSupporting Documents will beProvided for the July Board Meeting5Budget Process
  • 8. 6Certify Board Action onMillage and Budget in JulyBudget Process
  • 9. Budget Process7Tentative and Final TRIMhearings in September
  • 10. Budget Process8Fiscal Year BeginsOctober 1st
  • 11. Strategic Plan Objectivesfor the FY13/14 BudgetInitiate and fund programsin JWB’s three focus areasOneTwoEvaluate the effectivenessof programs to informdecision making
  • 12. FourCollaborate to improve thelives of children and familiesExpand organizational capacityContinue to enhanceperception of JWB as a valuedcommunity resourceFiveThreeStrategic Plan Objectivesfor the FY13/14 Budget
  • 13. Reduce IGT ProjectionsReduce Interest IncomeFrom $12mto $5.2mFrom $150kto $58kFY 12/13 Actions
  • 14. IGTs$3.5m$5.2m2011/122012/13
  • 15. Income Interest$1m$58k20062012/13
  • 16. Budget ProcessGuiding PrinciplesBudget Reflects the Newly AdoptedStrategic PlanNo Ad Valorem Increase to the BudgetThe Program Stability Fund will be usedthrough 15/16 to Reduce the Budget GapGap between Revenues and Expenditureswithout the Program Stability Fund is $4.7m
  • 17. Structure andDistribution of theBudgetN NRevenuesExpensesNNABCAbouttheBudgetDHeadline &EconomicIndicatorsAppendixE
  • 18. 30,000,00040,000,00050,000,00060,000,00070,000,0005 Year BudgetHistory12/1311/1210/1109/10$64.5m$63m$56m$70m$68m13/14Note:SlightmillageincreasetoextendProgramStabilityFundthroughFY15-16
  • 19. Property Valuation*Final taxable property value is due July 1st*CurrentEstimatedIncrease$1.39m2.98%
  • 20. Millage RateComparisons10,000,000,00024,000,000,00038,000,000,00052,000,000,00066,000,000,00080,000,000,00013/1412/1311/1210/1109/1008/0907/0806/0705/0604/05Property Value Millage Rate.8117.7384.8981.7963.8337.8981.7915 .7915 .7915.8117
  • 21. Ad ValoremRevenue30,000,00036,000,00042,000,00048,000,00054,000,00060,000,00013/1412/1311/1210/1109/1008/0907/0806/0705/0604/0596% of Property Tax Revenue$58m$44.6m$48m
  • 22. Summary of Major Impactsto Program ExpensesQuality ChildCare InvestmentIncreasing$2.5mSafety Net SlotsDecreasing$5.7m$2.7m$7.4m
  • 23. SummerLearningPartnershipUnitedMethodistQuality EarlyLearningNewInitiativesCapitalOutlay$2.5m$2.1m$1m$1.8m
  • 24. 10,0001,632,5003,255,0004,877,5006,500,000Increase for Merit/COLA+ $18k+$100k TechnologyCommunicationsRequired RetirementContributionSummary of Impacts toAdministration Expenses+$100k$5.7m$6.3m12/13 13/14+$36k
  • 25. 10,000605,0001,200,000Tax Administration Fees,ASO, Annual/Sick LeaveReserveAnnual / Sick LeaveASOTax Administration Fees12/13 13/14$1m$1.1m$510k $518k$62k$22k
  • 26. Program SupportsTechnologyProgramCommunicationPerformanceMeasurement12/13 13/14100,000450,000800,000$307k$257k$200k $200k$340k$703k
  • 27. Program Supports$307kTechnologyProgramCommunicationPerformanceMeasurement12/13 13/14$307k$257k$200k $200k$340k$703kIncreases to Technology Budget:• Implementation of One-E-App countywide• Desktops, Servers and Application Support• Business Intelligence Roambi Reporting• Expansion of Biometrics Palm Scanning
  • 28. 0375,000750,000Grants, Donations andTargeted Case ManagementCounty ResearchFundingGrants12/13 13/14$682k$200k$720k$200k$130k $130k$150k$69kRev Max Miscellaneous
  • 29. Stable and NurturingFamily ServicesInitiativeMentalHealthHealthy Families &Nurse Family Partnership13/141,000,0002,500,0004,000,0005,500,0007,000,000Safety NetChildcareOther$6.1m$5m$2.6m$4.3m$3.4m
  • 30. Safe & Supportiveand HealthSheltersNeighborhood FamilyCenters13/14500,0001,625,0002,750,0003,875,0005,000,000Clinics$5m$772k $675k
  • 31. Learn and SucceedLiteracyDevelopmentalDelay13/14300,0001,740,0003,180,0004,620,0006,060,0007,500,000Quality EarlyLearningLicensing Other OST$1.8m$564k $305k$7m$2.2m$5.3m