CountyWide Budget Breakdown by Fund Fund FY19 Budgeted Expenditures FY20 Budgeted Expenditures Increase Decrease General Fund 11997696 12867704 870008 Capital Improvement Fund ID: 810650
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Slide1
Amelia County FY20 Budget Draft
Slide2County-Wide Budget Breakdown by Fund:
Fund
FY19
Budgeted
Expenditures
FY20 Budgeted
Expenditures
Increase
(Decrease)
General Fund
$ 11,997,696
$ 12,867,704
$ 870,008
Capital Improvement Fund
$ 600,000
$ 823,000
$ 223,000
Water and Sewer Fund
$ 766,613
$ 942,936
$ 176,323
School Funds
$ 18,717,889
$ 19,314,956
$ 597,067
Total Budget
$ 32,082,198
$ 33,948,596
$1,866,398
Slide3Our County-Wide RevenuesTotal Increase - $1,192,560 (3.94%)
Slide4A Closer Look at Our General Fund Budget
FY19
Budget
FY20
Budget
Increase
(Decrease)
General Property Taxes$ 8,919,214$ 9,023,047$ 103,833Other Local Revenues$ 3,018,766$ 3,127,871$ 109,105State and Federal Revenues$ 4,459,413$ 5,174,218$ 714,805Transfers In$ 491,250$ 527,590$ 36,340Total Revenues$ 16,888,643$ 17,852,726$ 964,083Expenditures$ 11,997,696$ 12,867,704$ 870,008Transfer to School Funds$ 4,800,000$ 5,200,000$400,000Total Expenditures$ 16,797,696$ 18,067,704$1,270,008Net Change in Fund Balance$ 90,947($214,978)($ 305,925)
Increase in State and Federal revenue:
-VITA grant for GIS programming: $254,000.
-Department of Social Services support:
$392,000.
Slide5Main Increases in General Fund Expenditures School Funds – requesting additional $400,000.Sheriff’s Department – will spend
$255,000
on GIS Operating System, to be fully reimbursed through state VITA grant.
Support to Sanitary District – Enterprise Fund is not self-supporting and includes
$200,000
for water tower cleaning in FY20 – general fund must support the fund’s shortage each year.
Department of Social Services –
$160,000 increase due to absorbing Children’s Services program as well as one additional position required for state mandated Medicaid expansion – all expenses 70% reimbursable from State.DMV – new department expected to cost $55,000 in FY20 – to be substantially reimbursed from State. These net to a $1,070,000 increase, leaving a $200,008 increase amongst other departments – detailed breakdown posted on website.
Slide6Salaries/Benefits Included in FY20 General Fund BudgetSalary / Benefit1.5% salary increase for County personnel
Assuming 20% increase in health insurance – currently in negotiation with Optima and may go out to bid
Some departments have slight decreases in their budgets – full analysis can be viewed on website.
Cost Increase over FY19
$ 60,000
$ 165,000 $ 225,000
Slide7General Fund Expenditures
Slide8General Fund Balance At-A-Glance*$442,314 decrease in fund balance over the prior five years (FY13 to FY18).*At June 30, 2018, unassigned fund balance was $6,475,851, 41% of general fund expenditures.
*Governmental accounting best practice is to maintain a minimum fund balance of 15%-25% general fund expenditures at all times.
*Lowest cash of year around September 30 – at 09.30.18
unassigned fund balance was at 22%.
Slide9Big Picture: Absorb the Loss or Cut Costs / Generate New Revenue? Goal = Balanced Budget.
Revenues
$ 17,325,136
Transfers In
527,590
Total General Fund Revenues
$ 17,852,726Expenditures$ 12,376,018Transfers Out 5,691,686Total General Fund Expenditures$ 18,067,704Change in General Fund Balance ($214,978)
Slide10How much revenue does atax increase generate?
Real Estate - $.47 to $.48:
$118,700
Personal Property – $4.20 to $4.25:
$42,875
Water - $.0045 to $.0055:
$28,260
Sewer - $.005 to $.006:$48,120
Slide11School Contribution Summary
FY19
FY20
Difference
State Funds
$11,814,677
$11,989,842
$ 175,165Federal Funds 1,374,060 1,411,168 37,108County Funds 4,800,000 5,200,000 400,000Other Funds 729,152 713,946 (15,206)TOTAL$18,717,889$19,314,956 $597,067Average Daily Membership (ADM) is based on state projections at 2,674.Based on Governor’s Biennial Budget. To be approved at the General Assembly. Senate budget is lower, and House budget is higher.Budget includes a 3.5% pay increase, totaling $363,210.Amelia’s FY20 Required Local Effort = $3,886,711. Currently budgeting for 34% higher than RLE.
School Division’s budget equals 57% of total County-wide budget.
Slide12Anticipated Budget ScheduleDec 1, 2018 – Feb 28, 2019
: Initial drafting of FY20 budget in
cooperation with departments and agencies.
March 20, 2019
: Presentation of draft budget to Board of Supervisors.
March 25 – April 5, 2019
: Budget work sessions as needed. Note – General Assembly has no agreed-upon budget at this time.
April 17, 2019: Public hearing on FY20 budget. NOTE – this would require advertisement before April 10 (Amelia Bulletin Monitor’s deadline to meet this timeline = April 1).On or before April 30, 2019: Adoption of FY20 budget. NOTE – this date can extend into May if necessary.