Gloucester, VA Board of Supervisors Meeting feb 4th, 2014. The financial agenda for the February 18th, 2014 Board of Supervisor's meeting. Gloucester, Virginia Links and News website.
The 2014 local municipal budget summary shows a $727,483 increase over the 2013 budget. Key drivers of increased expenses include $915,000 for health insurance, $621,500 for salaries and wages, and $208,023 for debt service. Revenues are increased through $1,261,730 raised by local taxation, $395,119 in anticipated miscellaneous revenues, and $300,000 from available fund balance. Several items reduced the budget increase, including $-62,116 for the library appropriation and $-842,000 from accelerated Sandy reimbursements. The total tax levy and tax rate are increased to cover remaining budget needs.
- The document is the Monthly Treasury Statement from the U.S. Department of the Treasury that summarizes receipts, outlays, deficits/surpluses, and financing of the federal government for fiscal years 2020 and 2021 through November 30, 2020.
- In November 2020, receipts were $219.5 billion, outlays were $364.8 billion, resulting in a deficit of $145.3 billion. For fiscal year 2021 through November, receipts were $457.3 billion, outlays were $886.6 billion, with a cumulative deficit of $429.3 billion.
- Key sources of receipts included social insurance/retirement at $106 billion and individual income
This document provides notes to the financial statements for Ekiti State of Nigeria for the mid-year ended 30th June 2017. It details the internally generated revenue (IGR) sources which totaled 5,812,017,375.69 NGN. The IGR came from tax revenue of 2,069,660,504.61 NGN including taxes like PAYE and direct assessment, and non-tax revenue of 3,742,356,871.08 NGN including fees and fines, licenses, earnings and sales, rent, and revenue from parastatals.
The document provides a summary and analysis of New York City's financial plan for fiscal years 2014-2017. It finds that while the city projects a surplus in FY2013 and a balanced budget for FY2014 based on reasonable assumptions, it faces budget gaps in outyears due to reliance on nonrecurring resources in FY2014. Key risks include delays in taxi medallion sales and costs of new labor agreements. The city has recovered faster than most from recession but still faces challenges like volatile Wall Street profits and potential cuts to federal aid.
The document summarizes the financial challenges facing the city of Cedar Falls and the actions under consideration by the budget taskforce. It notes that personnel costs make up 63% of the general fund budget and that maintaining a 2% annual salary increase would require $49 million in new growth annually. Projections show the city running out of funding tools to balance the budget within 5 years without service cuts or tax increases. The taskforce is charged with increasing productivity, consolidating services, and making interim staffing and service recommendations prior to completing its long-term financial plan in 2015.
This presentation was made by Kurnia Chairi, Indonesia, at the 12th Annual Meeting of OECD-Asian Senior Budget Officials held in Bangkok, Thailand, on 15-16 December 2016
The document is an Appropriation Bill for 2010 that authorizes the issuance of N4.6 trillion from the Consolidated Revenue Fund. It outlines the appropriations for statutory transfers (N180 billion), debt service (N497 billion), and recurrent non-debt expenditures (N2.1 trillion), as well as capital expenditures (N1.8 trillion). The bill also specifies the process for the release and monitoring of appropriated funds and provides definitions for interpreting the bill.
The 2014 local municipal budget summary shows a $727,483 increase over the 2013 budget. Key drivers of increased expenses include $915,000 for health insurance, $621,500 for salaries and wages, and $208,023 for debt service. Revenues are increased through $1,261,730 raised by local taxation, $395,119 in anticipated miscellaneous revenues, and $300,000 from available fund balance. Several items reduced the budget increase, including $-62,116 for the library appropriation and $-842,000 from accelerated Sandy reimbursements. The total tax levy and tax rate are increased to cover remaining budget needs.
- The document is the Monthly Treasury Statement from the U.S. Department of the Treasury that summarizes receipts, outlays, deficits/surpluses, and financing of the federal government for fiscal years 2020 and 2021 through November 30, 2020.
- In November 2020, receipts were $219.5 billion, outlays were $364.8 billion, resulting in a deficit of $145.3 billion. For fiscal year 2021 through November, receipts were $457.3 billion, outlays were $886.6 billion, with a cumulative deficit of $429.3 billion.
- Key sources of receipts included social insurance/retirement at $106 billion and individual income
This document provides notes to the financial statements for Ekiti State of Nigeria for the mid-year ended 30th June 2017. It details the internally generated revenue (IGR) sources which totaled 5,812,017,375.69 NGN. The IGR came from tax revenue of 2,069,660,504.61 NGN including taxes like PAYE and direct assessment, and non-tax revenue of 3,742,356,871.08 NGN including fees and fines, licenses, earnings and sales, rent, and revenue from parastatals.
The document provides a summary and analysis of New York City's financial plan for fiscal years 2014-2017. It finds that while the city projects a surplus in FY2013 and a balanced budget for FY2014 based on reasonable assumptions, it faces budget gaps in outyears due to reliance on nonrecurring resources in FY2014. Key risks include delays in taxi medallion sales and costs of new labor agreements. The city has recovered faster than most from recession but still faces challenges like volatile Wall Street profits and potential cuts to federal aid.
The document summarizes the financial challenges facing the city of Cedar Falls and the actions under consideration by the budget taskforce. It notes that personnel costs make up 63% of the general fund budget and that maintaining a 2% annual salary increase would require $49 million in new growth annually. Projections show the city running out of funding tools to balance the budget within 5 years without service cuts or tax increases. The taskforce is charged with increasing productivity, consolidating services, and making interim staffing and service recommendations prior to completing its long-term financial plan in 2015.
This presentation was made by Kurnia Chairi, Indonesia, at the 12th Annual Meeting of OECD-Asian Senior Budget Officials held in Bangkok, Thailand, on 15-16 December 2016
The document is an Appropriation Bill for 2010 that authorizes the issuance of N4.6 trillion from the Consolidated Revenue Fund. It outlines the appropriations for statutory transfers (N180 billion), debt service (N497 billion), and recurrent non-debt expenditures (N2.1 trillion), as well as capital expenditures (N1.8 trillion). The bill also specifies the process for the release and monitoring of appropriated funds and provides definitions for interpreting the bill.
The City of Cashton is proposing its FY2015 budget. It includes proposed changes to expenses with a 2-6% increase across categories. It also discusses the local fire department budget and costs, including proposing to expand the department by hiring more firefighters. The budget projects cash flow problems for several funds in certain months. It provides solutions such as delaying purchases, offering earlier tax payment discounts, reducing seasonal hiring and supplies, and using reserve funds from other departments to alleviate shortfalls.
This document provides a five-year financial forecast for the City of San Antonio for fiscal years 2017 through 2021. It summarizes projected revenues, expenditures, and financial reserves for the General Fund, as well as the Hotel Occupancy Tax funds, Development Services Fund, and Solid Waste Operating Fund. The General Fund forecast projects modest surpluses each year and maintains reserves at 15% of revenues. Revenue growth is expected to average 2.7% annually during the forecast period. Expenditures are based on maintaining current service levels with adjustments for inflation. The forecast aims to provide early financial assessment to guide budget development and identify issues for city council.
This document is an accounting report from the Rural Parish of Tababela that contains:
- A balance sheet comparing debit and credit amounts across bank accounts, accounts receivable, property and equipment, payroll liabilities, accounts payable, and other expenses for December 2014.
- Line item details for assets, liabilities, and equity including balances from the beginning of the year, transactions during the year, cumulative amounts, and ending balances.
- The report is in Spanish and contains monetary values in US dollars.
This document is a balance sheet report in Spanish for an entity called "G.A.D. Parroquial de Puembo". It lists assets, liabilities and equity accounts with their opening balances, transactions, totals and closing balances for the period ending December 2013. The report is in a debit-credit format and includes line items for cash, receivables, property and equipment, payables and other liability accounts.
This document is the quarterly financial report of BRF S.A. for the period ending March 31, 2016. It includes the company's individual and consolidated balance sheets, statements of income and cash flows, statements of changes in equity, and notes on the financial statements. The balance sheet shows the company had total assets of R$39.3 billion and total liabilities of R$39.3 billion as of March 31, 2016. For the quarter, the company reported net revenue of R$8.6 billion and net income of R$14.8 million.
This document provides revenue and cost estimates for the proposed Harrah's Kansas casino and resort over a three year period from construction through the first full year of operation. It estimates that construction will take 24 months, with the opening date in August 2010. During construction in years 1 and 2, it estimates revenues from gaming revenue sharing and developer contributions, along with costs for law enforcement, public works, fire protection and EMS. In the first full year of operation, it estimates higher revenues from gaming, property taxes, sales taxes and income taxes, along with increased costs for law enforcement and other services. Over the three year period it estimates the project will generate millions in revenues for the local communities and surplus funds.
This document is a summary report on the realization of the regional government budget according to the areas of government affairs and organizations for the 2018 budget year as of 2019. It shows the original budget, revised budget after changes, realized expenditures, and percentages for items such as personnel expenditures, goods and services, capital expenditures, subsidies, and others for areas such as education, health, public works, housing, disaster management, and social affairs. The expenditures are reported for both regional secretariat offices and regional technical departments.
The financial reports for Augusta, GA for the year ended December 31, 2016 show preliminary positive results. The General and Law Enforcement Funds combined had a surplus of over $3 million. The Fire Protection Fund had a surplus of over $1 million. However, sales tax collections were 5.7% below budget. Health insurance costs increased due to higher pharmacy benefits. The reports are preliminary and final audited results will be presented in late June or early July.
The financial reports for Augusta, GA for the year ended December 31, 2016 show preliminary positive results. The General and Law Enforcement Funds combined had a surplus of over $3 million. The Fire Protection Fund had a surplus of over $1 million. However, sales tax collections were 5.7% below budget. Health insurance costs increased due to higher pharmacy benefits. The reports are preliminary and final audited results will be presented in late June or early July.
1. This document is a balance sheet report from June 2013 for the Parish Government of Puembo.
2. It details the debit and credit balances of various bank, cash, receivable, asset, payable, revenue and expense accounts.
3. The totals at the bottom show that total debits equal total credits, indicating the balance sheet balances.
Sp1 fy 2013 year end financial report presentation v3 03 24-14cityofevanston
The document provides a summary of the city's fiscal year 2013 4th quarter financial results. It reports that the general fund revenues were above budget by 2.76% while expenditures were above budget by 0.21%, resulting in a $2.2 million surplus. Staff proposes transferring the surplus to other funds. Several revenue categories like sales, property, and athletic taxes exceeded projections. The parking and solid waste enterprise funds had revenue exceed expenses while water and sewer funds had deficits. Negative fund balances in the insurance and solid waste funds could potentially impact the general fund in the future if not addressed.
The document provides financial information for Houston Community College System for the period of September 1, 2013 through May 31, 2014. It includes a discussion of revenues and expenditures, highlighting that total revenues are projected to be $293 million, which is 2.3% above budget, while expenditures are projected to be $303 million. Salaries are projected to be $170 million, which is 4% above the previous year. Contracted services are projected to be $27 million, which is 10.4% above the previous year.
The financial analysis was prepared to support a proposed $1/hour wage increase for bargaining unit employees of Tulsa Public Schools. While revenue decreased in 2013 due to lower federal funds, state aid has increased over 2011-2013. General fund expenditures have consistently declined from 2011-2013, most significantly for student transportation. Underspending has allowed the district to achieve a revenue surplus each year, doubling its fund balance. The analysis concludes Tulsa Public Schools is in a healthy financial condition and can support a wage increase through more accurate budgeting and better use of existing resources.
This document provides an unaudited summary of operating statements for Houston Community College System and Public Facility Corporation for the period of September 1, 2013 through August 31, 2014. Total revenues were $293.8 million, 1.6% above the previous year. State appropriations were lower than last year but ad valorem tax collections were higher than budgeted. Total expenses were $281.7 million, 4.3% above last year primarily due to increases in salaries, contracted services, instructional materials and capital outlay. The overall fund balance increased from $339.1 million to $359.8 million.
The document provides a summary of operating statements for Houston Community College System for the period of September 1, 2013 through June 30, 2014. Total revenues were $278 million year-to-date, with state appropriations of $56 million and ad valorem taxes of $111 million making up the largest sources of funding. Total expenses were $237 million year-to-date, with the largest expenses being salaries of $139 million and benefits of $15 million. The budget priorities for the year included $14.7 million for items like new faculty positions and security upgrades.
The document provides a summary of operating statements for Houston Community College System for the period of September 1, 2013 through June 30, 2014. Total revenues were $278 million year-to-date, with state appropriations of $56 million and ad valorem taxes of $111 million making up the largest sources of funding. Total expenses were $237 million year-to-date, with the largest expenses being salaries of $139 million and benefits of $15 million. The budget priorities for the year included $14.7 million for items like new faculty positions and security upgrades.
This document provides a summary of the City's finances for the 2nd quarter of fiscal year 2014. General Fund revenues were $43.5 million or 48.8% of budget. Expenditures totaled $40.8 million or 45.8% of budget, resulting in a $2.7 million surplus. Several revenue sources like property tax and state income tax were performing close to or above budget. Expenditures have been held below budget targets. Enterprise funds like parking and water were below revenue targets but expenditures were also lower than planned. Overall the 2014 budget appears stable barring changes in external factors. The document also outlines the budget calendar for fiscal year 2015.
2 Citizen Guide TABLE OF CONTENTSPWC Proposed FY 2.docxfelicidaddinwoodie
2 Citizen Guide
TABLE OF CONTENTS
PWC Proposed FY 2015 Budget ........................... 3
Strategic Plan ......................................................... 4
Your Tax Dollars At Work ..................................... 5
What Is the County Budget? ................................. 6
General Fund Revenue & Resource Summary...... 7
Where Does the Money Come From? ................... 8
Where Does the Money Go? ................................. 9
Major Budget Changes/Initiatives ...................... 10
How Do PWC Schools Fit In? ............................. 11
Budget Process .................................................... 12
How We Budget In PWC ..................................... 13
PWC Capital Improvement Program (CIP) ....... 14
Get Involved ........................................................ 15
Citizen Guide 3
PWC PROPOSED FY 2015 BUDGET
A Message from the
County Executive
On behalf of Prince William
County staff, I am pleased to
deliver the Prince William County
Executive’s Proposed FY 2015
Budget and the accompanying
2015 – 2019 Five Year Plan. The
Proposed Budget follows the policy
guidance provided by the Board
of County Supervisors (BOCS)
to prepare a balanced budget that
allows for no more than a 2.5%
increase in the average residential
tax bill. The Proposed Budget is
balanced at a tax rate of $1.126
per $100 of value and generates
an average residential tax bill of
$3,499, an $85 increase over the
updated FY 14 average of $3,414.
Through the County’s Strategic
Plan the community has identified
the initiatives they believe will take
us toward our vision and these
choices directed the development
of the Proposed Budget and 2015-
2019 Five Year Plan, within the
overall guidance provided by the
BOCS. The upcoming public
hearings provide the community
with yet another opportunity to
make their voices heard, and the
Our Community
FY 15 Population: 430,959 (includes towns)
Area: 348 Square Miles
Labor force: 230,529 (November 2013)
At-place employment: 117,965 (2nd Qtr. 2013)
Unemployment rate: 4.4% (November 2013)
Households married w. children 2012: 32.4%
Median Household Income 2012: $93,744 (ranked 12th in U.S.)
One-way average commute, 2012: 39.6 minutes (up from 36.9 in 2000)
Adults with college degree, 2012: 44.9%
Average assessed house value,
2013: $289,095 (all houses as of
January 2013)
Average sold house value:
$335,403 (Dec. 2013)
BOCS will once again balance what
the community says they want in
terms of services with what they are
willing to pay for those services to
form the adopted budget.
County staff remains committed
to our vision to do the “right
thing for our customers and the
community every time.” History
shows that when this organization
works together with the Board
and the community to make tough
decisions, our combined efforts
move us toward our adopted vision.
The most recent Community
...
The document provides an overview of Evanston, Illinois' proposed fiscal year 2014 budget. It summarizes the fiscal year 2013 budget status, including a projected $1.9 million surplus. It then outlines the key aspects of the proposed FY2014 budget, including total revenues and expenditures of $252 million. The general fund is proposed as balanced with $87 million in revenues and $87 million in expenditures. The document discusses adjustments to balance the general fund and outlines capital improvement projects that will be funded through $8.3 million in general obligation debt issuance.
This document provides a financial review of Evanston, IL's fiscal year 2014 second quarter (June 30, 2014). It summarizes that the general fund revenues were $43.5 million (48.8% of budget) while expenditures totaled $40.8 million (45.8% of budget), resulting in a $2.7 million surplus compared to $2.5 million the prior year. Several revenue sources like property tax and state income tax met over 50% of their budgets. Expenditures in most departments were under 50% of budget. Enterprise funds like parking and water had revenues under 50% of targets but expenditures were also lower than 50% of budget. The city expects to end the year close to
City of Milan Budget 2014/15 presentationCityofMilan
The document provides an overview and projections for the 2013/2014 and 2014/2015 fiscal years. For 2013/2014, revenue projections were slightly higher than budgeted but expenditures were projected to be significantly higher, resulting in a projected deficit of $125,932. For 2014/2015, a balanced budget is projected with slightly lower projected total expenditures and revenues compared to 2013/2014. Several capital projects were outlined that will be funded from various funds. The water/sewer fund is projected to run deficits in both fiscal years due to decreasing revenues and increasing costs, which will be covered by fund balance transfers.
- The quarterly financial report summarizes the city's revenues and expenditures as of June 30, 2015 for the general fund, utility fund, and capital projects fund.
- For the general fund, revenues were at 83% of budget while expenditures were at 72% of budget. Property tax collections were at 91% of budget.
- Utility fund revenues were at 56% of budget and expenditures were at 60% of budget.
- The investments portfolio totaled $8.7 million as of June 30, 2015 and was fully compliant with the city's investment policy.
The City of Cashton is proposing its FY2015 budget. It includes proposed changes to expenses with a 2-6% increase across categories. It also discusses the local fire department budget and costs, including proposing to expand the department by hiring more firefighters. The budget projects cash flow problems for several funds in certain months. It provides solutions such as delaying purchases, offering earlier tax payment discounts, reducing seasonal hiring and supplies, and using reserve funds from other departments to alleviate shortfalls.
This document provides a five-year financial forecast for the City of San Antonio for fiscal years 2017 through 2021. It summarizes projected revenues, expenditures, and financial reserves for the General Fund, as well as the Hotel Occupancy Tax funds, Development Services Fund, and Solid Waste Operating Fund. The General Fund forecast projects modest surpluses each year and maintains reserves at 15% of revenues. Revenue growth is expected to average 2.7% annually during the forecast period. Expenditures are based on maintaining current service levels with adjustments for inflation. The forecast aims to provide early financial assessment to guide budget development and identify issues for city council.
This document is an accounting report from the Rural Parish of Tababela that contains:
- A balance sheet comparing debit and credit amounts across bank accounts, accounts receivable, property and equipment, payroll liabilities, accounts payable, and other expenses for December 2014.
- Line item details for assets, liabilities, and equity including balances from the beginning of the year, transactions during the year, cumulative amounts, and ending balances.
- The report is in Spanish and contains monetary values in US dollars.
This document is a balance sheet report in Spanish for an entity called "G.A.D. Parroquial de Puembo". It lists assets, liabilities and equity accounts with their opening balances, transactions, totals and closing balances for the period ending December 2013. The report is in a debit-credit format and includes line items for cash, receivables, property and equipment, payables and other liability accounts.
This document is the quarterly financial report of BRF S.A. for the period ending March 31, 2016. It includes the company's individual and consolidated balance sheets, statements of income and cash flows, statements of changes in equity, and notes on the financial statements. The balance sheet shows the company had total assets of R$39.3 billion and total liabilities of R$39.3 billion as of March 31, 2016. For the quarter, the company reported net revenue of R$8.6 billion and net income of R$14.8 million.
This document provides revenue and cost estimates for the proposed Harrah's Kansas casino and resort over a three year period from construction through the first full year of operation. It estimates that construction will take 24 months, with the opening date in August 2010. During construction in years 1 and 2, it estimates revenues from gaming revenue sharing and developer contributions, along with costs for law enforcement, public works, fire protection and EMS. In the first full year of operation, it estimates higher revenues from gaming, property taxes, sales taxes and income taxes, along with increased costs for law enforcement and other services. Over the three year period it estimates the project will generate millions in revenues for the local communities and surplus funds.
This document is a summary report on the realization of the regional government budget according to the areas of government affairs and organizations for the 2018 budget year as of 2019. It shows the original budget, revised budget after changes, realized expenditures, and percentages for items such as personnel expenditures, goods and services, capital expenditures, subsidies, and others for areas such as education, health, public works, housing, disaster management, and social affairs. The expenditures are reported for both regional secretariat offices and regional technical departments.
The financial reports for Augusta, GA for the year ended December 31, 2016 show preliminary positive results. The General and Law Enforcement Funds combined had a surplus of over $3 million. The Fire Protection Fund had a surplus of over $1 million. However, sales tax collections were 5.7% below budget. Health insurance costs increased due to higher pharmacy benefits. The reports are preliminary and final audited results will be presented in late June or early July.
The financial reports for Augusta, GA for the year ended December 31, 2016 show preliminary positive results. The General and Law Enforcement Funds combined had a surplus of over $3 million. The Fire Protection Fund had a surplus of over $1 million. However, sales tax collections were 5.7% below budget. Health insurance costs increased due to higher pharmacy benefits. The reports are preliminary and final audited results will be presented in late June or early July.
1. This document is a balance sheet report from June 2013 for the Parish Government of Puembo.
2. It details the debit and credit balances of various bank, cash, receivable, asset, payable, revenue and expense accounts.
3. The totals at the bottom show that total debits equal total credits, indicating the balance sheet balances.
Sp1 fy 2013 year end financial report presentation v3 03 24-14cityofevanston
The document provides a summary of the city's fiscal year 2013 4th quarter financial results. It reports that the general fund revenues were above budget by 2.76% while expenditures were above budget by 0.21%, resulting in a $2.2 million surplus. Staff proposes transferring the surplus to other funds. Several revenue categories like sales, property, and athletic taxes exceeded projections. The parking and solid waste enterprise funds had revenue exceed expenses while water and sewer funds had deficits. Negative fund balances in the insurance and solid waste funds could potentially impact the general fund in the future if not addressed.
The document provides financial information for Houston Community College System for the period of September 1, 2013 through May 31, 2014. It includes a discussion of revenues and expenditures, highlighting that total revenues are projected to be $293 million, which is 2.3% above budget, while expenditures are projected to be $303 million. Salaries are projected to be $170 million, which is 4% above the previous year. Contracted services are projected to be $27 million, which is 10.4% above the previous year.
The financial analysis was prepared to support a proposed $1/hour wage increase for bargaining unit employees of Tulsa Public Schools. While revenue decreased in 2013 due to lower federal funds, state aid has increased over 2011-2013. General fund expenditures have consistently declined from 2011-2013, most significantly for student transportation. Underspending has allowed the district to achieve a revenue surplus each year, doubling its fund balance. The analysis concludes Tulsa Public Schools is in a healthy financial condition and can support a wage increase through more accurate budgeting and better use of existing resources.
This document provides an unaudited summary of operating statements for Houston Community College System and Public Facility Corporation for the period of September 1, 2013 through August 31, 2014. Total revenues were $293.8 million, 1.6% above the previous year. State appropriations were lower than last year but ad valorem tax collections were higher than budgeted. Total expenses were $281.7 million, 4.3% above last year primarily due to increases in salaries, contracted services, instructional materials and capital outlay. The overall fund balance increased from $339.1 million to $359.8 million.
The document provides a summary of operating statements for Houston Community College System for the period of September 1, 2013 through June 30, 2014. Total revenues were $278 million year-to-date, with state appropriations of $56 million and ad valorem taxes of $111 million making up the largest sources of funding. Total expenses were $237 million year-to-date, with the largest expenses being salaries of $139 million and benefits of $15 million. The budget priorities for the year included $14.7 million for items like new faculty positions and security upgrades.
The document provides a summary of operating statements for Houston Community College System for the period of September 1, 2013 through June 30, 2014. Total revenues were $278 million year-to-date, with state appropriations of $56 million and ad valorem taxes of $111 million making up the largest sources of funding. Total expenses were $237 million year-to-date, with the largest expenses being salaries of $139 million and benefits of $15 million. The budget priorities for the year included $14.7 million for items like new faculty positions and security upgrades.
This document provides a summary of the City's finances for the 2nd quarter of fiscal year 2014. General Fund revenues were $43.5 million or 48.8% of budget. Expenditures totaled $40.8 million or 45.8% of budget, resulting in a $2.7 million surplus. Several revenue sources like property tax and state income tax were performing close to or above budget. Expenditures have been held below budget targets. Enterprise funds like parking and water were below revenue targets but expenditures were also lower than planned. Overall the 2014 budget appears stable barring changes in external factors. The document also outlines the budget calendar for fiscal year 2015.
2 Citizen Guide TABLE OF CONTENTSPWC Proposed FY 2.docxfelicidaddinwoodie
2 Citizen Guide
TABLE OF CONTENTS
PWC Proposed FY 2015 Budget ........................... 3
Strategic Plan ......................................................... 4
Your Tax Dollars At Work ..................................... 5
What Is the County Budget? ................................. 6
General Fund Revenue & Resource Summary...... 7
Where Does the Money Come From? ................... 8
Where Does the Money Go? ................................. 9
Major Budget Changes/Initiatives ...................... 10
How Do PWC Schools Fit In? ............................. 11
Budget Process .................................................... 12
How We Budget In PWC ..................................... 13
PWC Capital Improvement Program (CIP) ....... 14
Get Involved ........................................................ 15
Citizen Guide 3
PWC PROPOSED FY 2015 BUDGET
A Message from the
County Executive
On behalf of Prince William
County staff, I am pleased to
deliver the Prince William County
Executive’s Proposed FY 2015
Budget and the accompanying
2015 – 2019 Five Year Plan. The
Proposed Budget follows the policy
guidance provided by the Board
of County Supervisors (BOCS)
to prepare a balanced budget that
allows for no more than a 2.5%
increase in the average residential
tax bill. The Proposed Budget is
balanced at a tax rate of $1.126
per $100 of value and generates
an average residential tax bill of
$3,499, an $85 increase over the
updated FY 14 average of $3,414.
Through the County’s Strategic
Plan the community has identified
the initiatives they believe will take
us toward our vision and these
choices directed the development
of the Proposed Budget and 2015-
2019 Five Year Plan, within the
overall guidance provided by the
BOCS. The upcoming public
hearings provide the community
with yet another opportunity to
make their voices heard, and the
Our Community
FY 15 Population: 430,959 (includes towns)
Area: 348 Square Miles
Labor force: 230,529 (November 2013)
At-place employment: 117,965 (2nd Qtr. 2013)
Unemployment rate: 4.4% (November 2013)
Households married w. children 2012: 32.4%
Median Household Income 2012: $93,744 (ranked 12th in U.S.)
One-way average commute, 2012: 39.6 minutes (up from 36.9 in 2000)
Adults with college degree, 2012: 44.9%
Average assessed house value,
2013: $289,095 (all houses as of
January 2013)
Average sold house value:
$335,403 (Dec. 2013)
BOCS will once again balance what
the community says they want in
terms of services with what they are
willing to pay for those services to
form the adopted budget.
County staff remains committed
to our vision to do the “right
thing for our customers and the
community every time.” History
shows that when this organization
works together with the Board
and the community to make tough
decisions, our combined efforts
move us toward our adopted vision.
The most recent Community
...
The document provides an overview of Evanston, Illinois' proposed fiscal year 2014 budget. It summarizes the fiscal year 2013 budget status, including a projected $1.9 million surplus. It then outlines the key aspects of the proposed FY2014 budget, including total revenues and expenditures of $252 million. The general fund is proposed as balanced with $87 million in revenues and $87 million in expenditures. The document discusses adjustments to balance the general fund and outlines capital improvement projects that will be funded through $8.3 million in general obligation debt issuance.
This document provides a financial review of Evanston, IL's fiscal year 2014 second quarter (June 30, 2014). It summarizes that the general fund revenues were $43.5 million (48.8% of budget) while expenditures totaled $40.8 million (45.8% of budget), resulting in a $2.7 million surplus compared to $2.5 million the prior year. Several revenue sources like property tax and state income tax met over 50% of their budgets. Expenditures in most departments were under 50% of budget. Enterprise funds like parking and water had revenues under 50% of targets but expenditures were also lower than 50% of budget. The city expects to end the year close to
City of Milan Budget 2014/15 presentationCityofMilan
The document provides an overview and projections for the 2013/2014 and 2014/2015 fiscal years. For 2013/2014, revenue projections were slightly higher than budgeted but expenditures were projected to be significantly higher, resulting in a projected deficit of $125,932. For 2014/2015, a balanced budget is projected with slightly lower projected total expenditures and revenues compared to 2013/2014. Several capital projects were outlined that will be funded from various funds. The water/sewer fund is projected to run deficits in both fiscal years due to decreasing revenues and increasing costs, which will be covered by fund balance transfers.
- The quarterly financial report summarizes the city's revenues and expenditures as of June 30, 2015 for the general fund, utility fund, and capital projects fund.
- For the general fund, revenues were at 83% of budget while expenditures were at 72% of budget. Property tax collections were at 91% of budget.
- Utility fund revenues were at 56% of budget and expenditures were at 60% of budget.
- The investments portfolio totaled $8.7 million as of June 30, 2015 and was fully compliant with the city's investment policy.
This document provides a summary of Houston Community College's operating statements and fund balances for the period of September 1, 2013 through July 31, 2014. It discusses revenues, expenditures, budget priorities funding, and projected fiscal year end balances. Total revenues are projected to be slightly above budget while expenditures are projected to be within budget. Key revenue sources like state appropriations and property taxes are below budget projections but tuition/fees are higher than anticipated. Expenditures are higher than the prior year mainly due to salary increases, higher benefits costs, and increased spending on contracted services and instructional materials. The overall fund balance is projected to increase from the prior fiscal year.
The Finance Director presented the quarterly financial report for the city as of September 30, 2016. Key highlights included:
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Gloucester, VA Board of Supervisors Meeting feb 4th, 2014
1. County of Gloucester
Finance Department
6467 Main Street
Gloucester, Virginia 23061
(804)693-6927
Interoffice Memorandum
To:
Gloucester County Board of Supervisors
From:
Nickie C. Champion, Director of Financial Services
CC:
Brenda G. Garton, County Administrator
Date:
January 16, 2014
Re:
Financial Report for Period Ending December 31, 2013
The second quarter financial report for fiscal year 2014 will include review of the following:
•
Summary General Fund revenue reports at December 31, 2013, which includes projections
out to June 30, 2014. Highlights include:
o
o
o
Personal property tax collections have been better than expected; and at this time, I
am estimating we will collect $608,015 more than budget. The majority can be
attributed to my cautiousness in judging taxpayers ability and willingness to pay.
The projection for Public Service Tax has been increased by $506,000. This increase
can be attributed to assessments increasing by 54% between calendar year 2012
and calendar year 2013.
Other Income will show gains totaling $190,045. This amount is divided between
excess funds being returned by the Health Department ($65,046) and monies
received from land sales due to delinquent taxes ($124,999).
•
Summary General Fund expenditure reports at December 31, 2013, which includes
projections out to June 30, 2014. At this time, I am estimating expenditures will be close to
budgeted amounts.
•
Summary of Utility Fund results at December 31, 2013 with a look back for two years. The
Utility Fund continues to struggle. Our budget forecasts for water and sewer service are
finally beginning to reflect actual collections. Water and sewer charges are booked on a
cash basis; and at the end of the second quarter, we would expect the collection
percentages to be approximately 48% to 52%.
•
Summary of the County Administrator’s Contingency Fund at January 13, 2014.
I have also attached PowerPoint slides, which provide additional information to be presented at the
February 4th Board meeting. Please do not hesitate to contact me if you have any questions.
Page 30
3. General Fund Revenue Summary
Through December 31, 2013
Projected to June 30, 2014
FY 13
Adjusted Budget
Collections to
12/31/2012
% Collected
Collections to
6/30/2013
6/30/2013
% Collected Over/(Short)
FY 14
Adjusted Budget
Estimated
Collections to
12/31/2013
% Collected
Estimated
Collections to
6/30/2014
6/30/2014
% Collected Over/(Short)
State Revenue
Non-Categorical Aid
Shared Expenses
Categorical Aid
Total State Revenue
2,980,640
3,467,660
617,489
7,065,789
2,287,154
1,439,654
208,395
3,935,203
76.7%
41.5%
33.7%
55.7%
2,995,186
3,496,164
611,317
7,102,667
100.5%
100.8%
99.0%
100.5%
14,546
28,504
(6,172)
36,878
2,985,725
3,670,193
588,831
7,244,749
2,293,243
1,355,493
293,935
3,942,672
76.8%
36.9%
49.9%
54.4%
2,985,725
3,670,193
588,831
7,244,749
100.0%
100.0%
100.0%
100.0%
0
0
0
0
Federal Revenue
Other
Total Federal Revenue
219,336
219,336
(349)
(349)
-0.2%
-0.2%
200,729
200,729
91.5%
91.5%
(18,607)
(18,607)
189,599
189,599
(7,618)
(7,618)
-4.0%
-4.0%
189,599
189,599
100.0%
100.0%
0
0
Subtotal Before Fund Balance
55,492,919
26,111,701
47.1%
57,011,816
102.7%
1,518,897
56,487,628
26,545,652
47.0%
57,791,688
102.3%
1,304,060
Restricted Fund Balance
From Fund Balance - Adoption
From Fund Balance - After Adoption
Total Fund Balance
124,288
288,333
669,808
1,082,429
0
0
0
0
0.0%
0.0%
0.0%
0.0%
0
0
0
0
0.0%
0.0%
0.0%
0.0%
(124,288)
(288,333)
(669,808)
(1,082,429)
143,916
1,352,467
277,266
1,773,649
0
0
0
0
0.0%
0.0%
0.0%
0.0%
0
0
0
0
0.0%
0.0%
0.0%
0.0%
(143,916)
(1,352,467)
(277,266)
(1,773,649)
Total General Fund
56,575,348
26,111,701
46.2%
57,011,816
100.8%
436,468
58,261,277
26,545,652
45.6%
57,791,688
99.2%
(469,589)
Page 32
4. General Fund Expenditure Summary
Through December 31, 2013
Projected to June 30, 2014
Department
Administration
Transfers Out
Judicial
Public Safety
Public Works
Health and Welfare
Education
Cultural
Community Development
Contributions & Suspense
Total General Fund
FY 13
Adjusted Budget
5,344,364
31,189,152
1,759,944
11,632,157
2,218,747
600,299
573,517
2,136,933
994,241
325,995
56,775,348
Expenditures to
12/31/2012
2,742,831
15,567,470
816,045
5,701,959
1,024,043
304,116
245,794
991,469
377,823
332,266
28,103,816
% Spent
51.3%
49.9%
46.4%
49.0%
46.2%
50.7%
42.9%
46.4%
38.0%
101.9%
49.5%
Expenditures to
6/30/2013
4,619,018
31,098,527
1,634,575
11,388,577
2,119,356
600,299
518,712
2,067,452
901,444
312,185
55,260,145
% Spent
86.4%
99.7%
92.9%
97.9%
95.5%
100.0%
90.4%
96.7%
90.7%
95.8%
97.3%
6/30/2013
Over/(Under)
(725,346) `
(90,625)
(125,369)
(243,580)
(99,391)
(54,805)
(69,481)
(92,797)
(13,810)
(1,515,203)
FY 14
Adjusted Budget
5,782,173
31,798,458
1,789,421
11,735,292
2,273,479
604,961
589,119
2,228,679
1,098,029
361,666
58,261,277
Estimated
Expenditures to
12/31/2013
2,774,063
15,836,225
840,395
5,777,675
1,030,225
278,572
271,533
1,016,398
527,174
388,734
28,740,994
% Spent
48.0%
49.8%
47.0%
49.2%
45.3%
46.0%
46.1%
45.6%
48.0%
107.5%
49.3%
Estimated
Expenditures to
6/30/2014
5,782,173
31,798,458
1,789,421
11,735,292
2,273,479
604,961
589,119
2,228,679
1,098,029
361,666
58,261,277
% Spent
6/30/2014
Over/(Under)
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
-
Page 33
5. Utility Fund Summary
Through December 31, 2013
FY 12
Adjusted Budget
Use of Money & Property
72,000
Collections to
% Collected
12/31/2011
2,440
3.4%
FY 13
Adjusted Budget
15,500
Collections to
12/31/2012
% Collected
1,131
7.3%
FY 14
Adjusted Budget
11,000
Collections to
12/31/2013
% Collected
649
5.9%
Water Service
Sewer Service
3,643,000
695,000
1,585,933
288,774
43.5%
41.6%
3,786,900
730,000
1,584,160
307,384
41.8%
42.1%
3,300,000
625,000
1,659,571
329,890
50.3%
52.8%
Connection Fees-Water
Connection Fees-Sewer
225,000
200,000
49,000
42,900
21.8%
21.5%
165,000
132,000
112,000
105,600
67.9%
80.0%
260,000
200,000
101,500
92,400
39.0%
46.2%
Development Fees-Water
Development Fees-Sewer
37,500
72,000
7,000
14,400
18.7%
20.0%
17,500
48,000
16,000
38,400
91.4%
80.0%
37,000
85,000
14,500
33,600
39.2%
39.5%
All Other Charges for Services
95,750
84,881
88.6%
141,820
118,043
83.2%
148,400
65,735
44.3%
Miscellaneous
9,200
5,001
54.4%
9,200
8,320
90.4%
11,200
9,383
83.8%
DSR Fund Interest
Development Fund Balance
Debt Proceeds
Transfer from General Fund
Transfer from Other Funds
115,000
0
0
480,000
0
44,856
0
0
480,000
0
39.0%
0.0%
0.0%
100.0%
0.0%
100,000
0
850,000
673,758
55,000
25,490
0
0
673,758
55,000
25.5%
0.0%
0.0%
100.0%
100.0%
90,000
0
1,990,000
673,758
0
34,524
0
0
673,758
0
38.4%
0.0%
0.0%
100.0%
100.0%
Total Utility Fund Revenues
5,644,450
2,605,184
46.2%
6,724,678
3,045,286
45.3%
7,431,358
3,015,510
40.6%
FY 12
Adjusted Budget
Personnel Costs
1,359,787
Expenses to
12/31/2011
627,767
% Spent
46.2%
FY 13
Adjusted Budget
1,414,379
Expenses to
12/31/2012
712,173
% Spent
50.4%
FY 14
Adjusted Budget
1,473,911
Expenses to
12/31/2013
718,074
% Spent
48.7%
Operating Costs
1,326,798
594,704
44.8%
1,568,162
551,433
35.2%
1,206,688
489,374
40.6%
Capital Outlay
24,000
10,168
42.4%
504,000
2,150
0.4%
1,848,000
17,007
0.9%
Debt Service
2,611,865
492,838
18.9%
2,905,387
1,114,995
38.4%
2,780,759
1,862,698
67.0%
To Development Fund Balance
322,000
21,400
6.6%
332,750
54,400
16.3%
122,000
48,100
39.4%
Total Utility Fund Expenses
5,644,450
1,746,877
30.9%
6,724,678
2,435,151
36.2%
7,431,358
3,135,252
42.2%
Page 34
6. FY 2014 County Administrator's Contingency Fund
FY 2014 Adopted Budget Amount
Tactical ballistic vests and tasers
Personalized ID Printer - Emergency Services
Disposition of Unclaimed Body
Debris removal not FEMA reimburseable
Courthouse Security
Courthouse AV Equipment (placeholder)
Britton settlement (FEMA) (placeholder)
Harris settlement (FEMA) (placeholder)
Village Implementation Ordinance work (from June 4, 2013 BOS)
Volunteer and Donations Plan Consulting
Reassessment Computer
MPPDC All Hazards Plan
Annex General Construction (FEMA demolition - grant timing issue)
$
287,892
(22,250)
(1,727)
(850)
(450)
(23,471)
(33,000)
(2,200)
(1,250)
(5,000)
(9,000)
(1,000)
(4,464)
(3,148)
Balance Remaining
$
180,082
Page 35
7. Financial Report
at 12-31-2013
Presented to
Board of Supervisors
On February 4, 2014
General Fund Results at Dec 31st
FY 14 Budget
Local Revenue
$
State Revenue
Est at 12-31-14
49,053,280 $
189,599
Total Non-Revenue
46.1%
3,942,672
7,244,749
Federal Revenue
Percent
22,610,599
54.4%
(7,618)
-4.0%
-
1,773,649
0.0%
Total Revenue
$
58,261,277 $
26,545,653
45.6%
Total Expenditures
$
58,261,277 $
28,740,994
49.3%
Revenue Over Expenditure
$
(2,195,341)
Page 36
1
8. General Fund Results at June 30th
FY 14 Budget
Local Revenue
$
State Revenue
Est at 6-30-14
49,053,280 $
,
,
Over/(Under)
50,314,340 $
,
,
7,244,749
189,599
Total Non-Revenue
189,599
1,773,649
Federal Revenue
-
1,261,060
,
,
7,244,749
Total Revenue
$
58,261,277 $
57,748,688 $
Total Expenditures
$
58,261,277 $
(1,773,649)
58,261,277
Revenue Over Expenditure
$
(512,589)
-
(512,589)
Real Estate Tax at June 30th
Actual FY 12
Current
Delinquent
Total
Tax Rate
Actual FY 13
Budget FY 14
Expect FY 14
$ 24 372 430 $ 25 912 895 $ 26 340 000 $ 26 340 000
24,372,430
25,912,895
26,340,000
26,340,000
$
794,183 $
977,383 $
600,000 $
600,000
$ 25,166,613 $ 26,890,278 $ 26,940,000 $ 26,940,000
$.58/$.65
$0.65
$0.65
Page 37
2
9. Real Estate Tax
Tax Relief for the Elderly and Disabled
Tax Relief for Disabled Veterans
Refunds for taxes erroneously paid
Changes for assessment corrections
Supplements for new building
Personal Property Tax at June 30th
Actual FY 12
Current
C
t
Delinquent
Total
Tax Rate
Actual FY 13
Budget FY 14
Expect FY 14
$ 7 391 652 $ 8 242 151 $ 7 916 325 $ 8 316 326
7,391,652
8,242,151
7,916,325
8,316,326
$
802,047 $
907,528 $
675,660 $
883,674
$ 8,193,699 $ 9,149,679 $ 8,591,985 $ 9,200,000
$2.60/$2.95
$2.95
$2.95
Page 38
3
10. Personal Property Tax
Availability of values
Refunds for taxes erroneously paid
Corrections for erroneous assessments
Difficulty in collecting
Public Service Tax
Actual FY 12
Public Ser
P bli S
Tax Rate
$
Actual FY 13
565,341
565 341 $
$.58/$.65
Budget FY 14
752,581
752 581 $
$0.65
Expect FY 14
594,000
594 000 $ 1 100 000
1,100,000
$0.65
►Assessments provided by State Corporation
Commission
►Receive in September-October for that year
September October
►Budget projection is based on prior year
Page 39
4
15. Business License Tax
$1,800,000
$1,600,000
$1 600 000
$1,400,000
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$400 000
$200,000
$FY
04
FY
05
FY
06
FY
07
FY
08
FY
09
FY
10
FY
11
FY
12
FY
13
Utility Fund
FY 14 Budget
Y-T-D
Percent
Use of Money
Water Service
Sewer Service
Other Charges
Other Revenue
Transfer from GF
$
11,000
11 000 $
649
$ 3,300,000 $ 1,659,571
$
625,000 $
329,890
$
741,600 $
307,735
$ 2,080,000 $
43,907
$
673,758 $
673,758
$ 7,431,358 $ 3,015,510
5.9%
5 9%
50.3%
52.8%
41.5%
2.1%
0.0%
40.6%
Total Expenses
$ 7,431,358 $ 3,135,252
42.2%
Page 44
9
16. Other Funds
Final Budget
School Fund
$
Cafeteria Fund
Social Services Fund
CSA Fund
Capital Fund
School Construction Fund
Debt Service Fund
Gloucester Sanitary #1 Fund
Gloucester Point Sanitary Fund
Mosquito Control Fund
52,747,047
52 747 047 $
2,392,135
3,608,835
1,503,000
14,063,844
25,636,428
4,549,182
23,950
20,150
20 150
98,890
Actual
% Spent
21,484,698
21 484 698
806,536
1,533,665
433,111
3,360,055
1,681,788
3,638,447
8,113
7,329
7 329
12,774
40.7%
40 7%
33.7%
42.5%
28.8%
23.9%
6.6%
80.0%
33.9%
36.4%
36 4%
12.9%
Questions?
Page 45
10