2010 Tax Budgetfinal

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2010 Geauga County Tax Budget

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2010 Tax Budgetfinal

  1. 1. Geauga County Government 2010 Tax Budget Tax Budget Hearing June 25, 2009 Growing Geauga Greener Economically and Environmentally
  2. 2. Geauga County Government 2010 Tax Budget Tax Budget Objectives : Growing Geauga Greener Economically and Environmentally - Planning tool - Conservative Estimate - Final Appropriation Variable - Demonstration of Need
  3. 3. Geauga County Government 2010 Tax Budget Total 2010 Tax Budget - $103.4M Growing Geauga Greener Economically and Environmentally General Fund Budget - $28.3M General Fund Requests - $29.1M
  4. 4. Geauga County Government 2010 Tax Budget 2010 Resource Estimate down $3.6M, based on conservative estimates (Compared to current 2009 certified revenue) $ 1,500,025.00 Shift, Debt Reduction to Operating $ (3,643,432.00) Net Change In Resources $ (168,319.00) Misc adjustments (net) $ (1,250,000.00) Prisoner Housing Revenue $ (500,000.00) Investment Income $ (500,000.00) Sales Tax Revenue $ (2,725,138.00) Carryforward Balance down by
  5. 5. Geauga County Government 2010 Tax Budget Growing Geauga Greener Economically and Environmentally Prior Available Resources <ul><li>A portion of 2009 revenue (up to $1.5M) </li></ul><ul><li>may be decertified </li></ul>** For budget purposes, a minimum carryover balance of 2M is assumed $ 27,586,632 $ 31,230,064 * $ 33,055,983 $ 34,042,420 Total Receipts+ Balance $ 25,586,632 $ 26,504,926 * $ 28,363,472 $ 29,902,766 CY Revenue $ 2,000,000 ** $ 4,725,138 $ 4,692,511 $ 4,139,654 Carryover balance 2010 2009 2008 2007 Estimated Unencumbered Estimated Unencumbered Actual (Cash) Actual (Cash)
  6. 6. Geauga County Government 2010 Tax Budget Growing Geauga Greener Economically and Environmentally G.F. Operating Expenses: $28.3M Reduction, Net of Transfers : ($606K) (2009 tax budget vs. 2010 tax budget) Major Overall Factors affecting expense: Hospitalization estimated increase: 15% No wage increases budgeted within the General Fund Payroll amounts reduced due to one less payroll period in 2010 Result: Tax Budget DEFICIT of $738K
  7. 7. Geauga County Government 2010 Tax Budget G.F. Operating Expenses: $28.3M (includes budgeted transfers out) Decrease Net of Transfers: ($606K) (2009 tax budget vs. 2010 tax budget) (-2.51%) $ (606,006) Decrease net of transfers $ 28,994 Misc factors increasing expenses $ 280,000 Hospitalization - 15% Increases: $ (58,000) Law Library $ (93,000) Sheriff - supplies $ (232,000) Sheriff - vehicles $ (72,000) GF Workers Comp - chargeback $ (460,000) (1) less payroll period in 2009 Decreases:
  8. 8. Geauga County Government 2010 Tax Budget General Fund Operating* Expenses by Category – Comparison is between 2009 Tax Budget (not actual) and 2010 Tax Budget (* not including transfers out) 2009 2010 Legislative & Executive $ 8,342,769 $ 8,342,757 Judicial $ 3,116,364 $ 3,080,363 Public Safety $10,752,407 $10,153,370 Public Works $ 179,500 $ 158,810 Health $ 313,249 $ 314,409 Human Services $ 470,884 $ 460,579 Conservation / Recreation $ 507,543 $ 535,389 Miscellaneous $ 1,047,055 $ 1,077,988 Total $ 24,729,671 $24,123,665
  9. 9. Geauga County Government 2010 Tax Budget General Fund Operating Expenses by Category
  10. 10. Geauga County Government 2010 Tax Budget Carryover required Current Tax Budget requirement $28,325,005 $2,738,373 * Priority items not funded : Local Revolving Loan Contribution $ 200,000 Sheriff vehicles $ 232,000 Priority items not funded $ 432,000 Total requirement to balance the budget : $28,757,005 $3,170,373 Why holding 2009 expenditures in line is important! Therefore, all departments are being requested to spend no more than 90% of their 2009 appropriations, overall; this will provide $2.9M of the $3.2M required, as illustrated above. * Initial carryover required to balance the 2010 budget is the $2M assumed in the budget, plus the $738K deficit shown in this tax budget
  11. 11. Geauga County Government 2010 Tax Budget Overall Goals : Maximize 2009 General Fund carryover Fund overall budget levels at or below 2009 levels where possible. Limit new initiatives to those which show an immediate return on investment and clear added value to Geauga taxpayers. Growing Geauga Greener Economically and Environmentally
  12. 12. Geauga County Government 2010 Tax Budget Questions? Growing Geauga Greener Economically and Environmentally

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