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2015 Budget Listening Sessions 2015 Budget Listening Sessions

2015 Budget Listening Sessions - PowerPoint Presentation

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2015 Budget Listening Sessions - PPT Presentation

Chris Abele Milwaukee County Executive 2015 Budget Listening Sessions August 13 amp 14 Agenda County Overview County Budget Overview Fiscal Challenges 2015 Budget Strategy 2015 Budget Calendar ID: 730595

amp budget county 2015 budget amp 2015 county listeningsessionsaugust service debt million 14fiscalchallenges 2014 overview fund services costs 14county programs decisions unrestricted

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Presentation Transcript

Slide1

2015 Budget Listening Sessions

Chris AbeleMilwaukee CountyExecutive

2015 BudgetListeningSessionsAugust 13 & 14Slide2

Agenda

County Overview

County Budget OverviewFiscal Challenges2015 Budget Strategy2015 Budget Calendar

2015 Budget

Listening

Sessions

August 13 & 14Slide3

Service Matrix

2015 Budget

ListeningSessionsAugust 13 & 14County Overview

Mandated Services*

Behavioral Health

Law

Enforcement

Veterans’ Services

Circuit Courts

Child

Support EnforcementCriminal ProsecutionJuvenile JusticeHighway Safety CommissionDevelopmental Disabilities ServicesCriminal DetentionSection Eight Housing & HOME ProgramsJuvenile Placement

* Examples of Major Programs Listed, Not All-InclusiveSlide4

Service Matrix

2015 Budget

ListeningSessionsAugust 13 & 14County Overview

Discretionary Services*

Parks & Park Security

Transit

Cultural

Institutions

UW-Extension

Senior Centers

ZooAlcohol & Drug TreatmentCounty Trunk HighwaysEconomic DevelopmentSupportive HousingInterim Disability Assistance ProgramRehab Centers

* Examples of Major Programs Listed, Not All-InclusiveSlide5

2014 Revenues by Source

2015 Budget

ListeningSessionsAugust 13 & 14County Budget OverviewSlide6

2014 Tax Levy by Major Function

2015 Budget

ListeningSessionsAugust 13 & 14County Budget OverviewSlide7

Benefit Cost Growth

2015 Budget

ListeningSessionsAugust 13 & 14Fiscal Challenges

Total Active & Retiree Fringe Benefit Costs per Budgeted FTE, 2004-2014Slide8

Forecasted Debt Service

2015 Budget

ListeningSessionsAugust 13 & 14FiscalChallenges

“Critical to Work This Downward Trend”Slide9

Why Difficult Decisions Need to be Made

2015 Budget

ListeningSessionsAugust 13 & 14FiscalChallenges

Projected Structural Deficit – 2012, 2013 & 2014 Adopted County Budgets

(

in millions

)Source: 2014 Milwaukee County 5-Year Fiscal Projection (Municast); Office of the ComptrollerSlide10

What About Those

Surpluses?

2015 BudgetListeningSessionsAugust 13 & 14FiscalChallenges

State Law prohibits unrestricted fund balance

Implications:

No rainy day fund: any deficit carries over into next year

No ability to save for one-time investmentsRating agencies like reserves; impact on borrowing costs

2012 surplus of $24 million = 2 % of operating

costs

Debt Service Reserve balance:

$21 million or less than 2% of operating costsWaukesha County 16% unrestricted fund balanceDane County 12% unrestricted fund balanceWould equate to $147-$200 million for Milwaukee CountySlide11

Why Difficult Decisions Need to be Made

2015 Budget

ListeningSessionsAugust 13 & 14FiscalChallenges

Infrastructure

Issues

County Owns ~1,000 buildings across the county

14 million square feet to maintainSome space ill-suited for needs

75% are 30+ years of age

Largest amount of square footage is 75+ years of age

$300+ million in deferred maintenance

Borrow to fix = debt service costs Do we really need all this stuff?Can we AFFORD all this stuff?Slide12

Issue More Debt?

2015 Budget

ListeningSessionsAugust 13 & 14FiscalChallenges

Issuing More

D

ebt = Less Services or Higher TaxesSlide13

Guiding Principles

2015 Budget

ListeningSessionsAugust 13 & 142015 Budget Strategy

Long-term Fiscal Sustainability is a MUST

Tough Decisions Need to be Made

Service Debt

Data-based Decision-making is a Driver Is it Mandated, a Priority or Nice-to-Have?

Why Should Property Tax Payers Fund This?

Do Others Provide this Service More Efficiently?

Are there Best Practices We Can Adopt?Slide14

Key Focus Areas

2015 Budget

ListeningSessionsAugust 13 & 142015 Budget Strategy

Programs for Those Most in Need

Efficiency & Productivity

Long-Term Cost Reduction & Cost Avoidance

Sustainable Budget and Pay Off Debt

Opportunities for Shared Services

Challenge the Status Quo Slide15

Key Dates

2015 Budget

ListeningSessionsAugust 13 & 142015 Budget Calendar

Late September:

Recommended Budget Presentation

October 6 – October 31:

County Board Finance & Audit Committee Budget HearingsLate October: County Board Public HearingEarly November: County Board Budget Adoption Day