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Item B2l Total Proposed Budget: $456,880,861 Fiscal Year 2017 Proposed Budget Discussion Roman Gastesi, County Administrator Tina Boan, Budget Director September 12t", 2016 Harvey Government Center Key West, FL Capital $133,034,663 29% Operating $323,846,198 71% GCO00069 Total Proposed Budget: $456,880,861 TOTAL BUDGET: $456,880,861 All Other Funding Sources $311,609,727 \ 68% Tax Supported $145,271,134 32% FY2017 COUNTY REVENUES 00000069 Total Proposed Budget: $456,880,861 Actuals Budget Funding Source fY2014 % FY2015 % FY2016 % FY2017 % Property Taxes $73,682,489 25% $75,322,772 21% $79,413,674 19% $80,162,914 18% Local Option, Use & Fuel Taxes $56,496,076 19% $62,329,718 17% $61,686,206 15% $65,108,220 14% Licenses, Permits & Impact Fees $4,888,050 2% $5,466,612 2% $7,110,702 2% $7,405,700 2% Intergov. Rev./Grants, PILT, Shared Taxes $50,951,063 17% $44,084,551 12% $16,945,993 4% $18,791,321 ° 4/° Charges for Services $58,991,844 20% $62,332,507 17% $65,680,869 16% $69,753,745 15% Fines & Forfeitures $1,276,893 0% $1,389,964 0% $820,100 0% $1,151,600 0% Miscellaneous $3,725,003 1% $9,183,589 2% $4,029,958 1% $2,043,353 ° 0% Interfund Trsfrs/Debt/Fund Bal 01-d./LessT5% $49,232,621 16% $105,219,929 29% 365,329,642, $181,271,060 416958, 43% ° $212,464,008 47/°44,63 $456,880,861 Employees 1,262 1,274 1, 178 1,279 FY2017 00000060 Total Proposed Budget: $456,880,861 4D-VALOREM TAX LEVY $85.3 $82.2 FY 10 FY 11 FY 12 FY 13 FY 14 FY is FY 16 FY 17 Above/ -below roll -back -0.28 -3.79 -4.75 -2.692 2.67 2.7S -0.03 -0.33 +/(-) prior year tax levy 6S,301 (3,13S,683) (4,078,S37) (2,877,412) 1,948,065 2,481,660 747,699 574,673 Average past S fiscal years SS4,937 Average past 8 fiscal years (546,779) ■FY10 FY11 FY12 ■FY13 ■FY14 FY15 FY16 FY17 FY2017 OZOOOOQQ Total Proposed Budget: $456,880,861 I I� FY17 PROPOSED BUDGET INCORPORATES: Year 4 implementation of employee performance -based review program. The budget includes a 3.3% performance -base merit and a .7% C.O.L.A. The budget also includes funding requested by Constitutional Officers. 111 Includes minimum wage of $15/hour; 93 positions ($260K). QIncreased infrastructure budget for building maintenance and maintenance of parks ($255K). 0 Increased assistance to low income families by Monroe County Housing Authority through home buyer assistance program ($194K) . 0 Increased funding for the Sustainability Road and Green Key Projects ($547K). Continuation of 10% funding increase from FY16 to Human Services Advisory Board (HSAB) for our community -based organizations, including the Arts Council & Historic Florida Keys Foundation. Total FY17 HSAB Funding $2M. © Implementation for Toll -by -Plate for Card Sound Bridge ($1.75M). FY2017 UMMER STUDIES Collect additional data and developing options to address rising cost of medical claims and stability of health care OZOO6099 Total Proposed Budget: $456,880,861 program • Capital Improvement Plan • Utilization of Funding - Stewardship - Restore • Funding Plan Discussion - Bridge Repair & Replace - Storm Water - Canal Restoration - County Infrastructure needs - SPCA - Etc. Summary of Projected Impact of Benefit and Contribution Changes Option M ri final Recommendation September 6 2016 Projecte Im ac 1 ncrease Deductible from $400/$800 to $600/$1200 $282,831 2 ncrease ER deductible from $100 to $300 $97,76 3 ncrease Specialist and Urgent Care copay from $25 to $50 $94,27 4 ncrease out of Pocket Maximum From $6350 to $7150 $139,66 5 dd $100 pharmacy deductible $162,36 ncrease retail brand copay from $35/$70 (preferred / non preferred) to $50/$90 and Increase 6 etail 90 brand from $87.50/$175 to $125/$225 $143,161 7 increase specialty harmac cost share to 20 % to a maximum of $250 $13,96 ubtotal Plan Design Changes • $932 29 Total Projected savings does not equal sum of individual components because changes are not independent 8 Odd Teledoc $19,57 9 harge Full Annual Amount of Health Insurance to Medicare Eligible Retirees $1,312,50 10 geset Dependent Contributions to 50 % of Actuarial at Current Higher Costs $373,23 11 o Subsidy for Medicare Eligible Dependents of Retirees $254,44 12 o Subsidy for Dependents of Any Retirees $459.37 Spouses of Active Employee Pay 100 % of Actuarial Rate if Spouse has Access to 13 overage Through His/Her Own Employer $234,07 14 o subsidy for Pre-65 Retirees $1,311,72 15 re 65 Retirees Pay 50 % of Actuarial Rate $621,03 16 Active Employees Pay $50f75 for Employee Coverage $263,02 17 eset Dependent Contributions to 60 i of Actuarial Rates $599,86 18 Set Premium for Retiree Only Coverage to a Flat $200 $272 02 Revised Recommendation September 12 2016 Projected Impact Increase ER deductible from $100 to $300 $97,76 Increase out of Pocket Maximum From $6350 to $7150 $139,66 ncrease retail brand copay from $35/$70 (preferred / non preferred) to 50/$90 and Increase retail 90 brand from $87.50/$175 to $125/$225 $143,161 ncrease specialty harmac cost share to 20 % to a maximum of $250 $13 96 All Changes assumed to take place on January 1, 2017 Projected Surplus Shortfall With No Benefit or Funding Changes $3,770,559 Remaining Impact Shortfall Increase De artment Rate Impact of Increasing Department Rate from $885 to $985 $1,405,770 ($2,364,789) m act of Increasing Department Rate from $985 to $1035 Plan Design Changes enefit Changes 1-7 $932,294 ($1,432,495) dd Teledoc 8 $19,575 $1,412,920 a.....i..s.ip.ti a r....r.ih-i.... rr.�....e� eset Dependent Contributions to 50 % of Actuarial at Current Higher Costs (10) $373,230 ($1,039,690) o Retiree Dependent Subsidy for Medicare Eligible Retirees (1 1) $254,448 ($785,242) Spouses of Active Employees pay 100 % of Actuarial Rate if they have access to their own $234,077 ($551,166) employer sponsored coverage but elect to stay on County plan (13) Active Employees Pay $50/75 for Employee Coverage (16) $263,025 ($288,141) Set Premium for Retiree Only Coverage for Rule of 70 Retirees to Flat $200 18 $272,025 $16,116 ubtotal Plan Design Changes I $394 56 Add Teledoc $19,57 o Subsidy for Medicare Eligible Dependents of Retirees $254,44 Spouses of Active Employee Pay 100% of Actuarial Rate if Spouse has Access to Coverage Through His/Her Own Employer $234,07 $3,400,000 Impact Remaining Shortfall $1,405,770 1856,200 ($1,994,230) $1,138,030 $394,566 19,575 ($743,464) $723,889 $0 ($723,889) $254,448 ($469,441) $234,077 ($235,364) FY2017 000000se Total Proposed Budget: $456,880,861 ND VALOREM FUND SUMMARY FY17 PROPOSED & FY17 PROJECTIONS Estimated Net Change Fund Balance (1,383,761) ESTIMATED ENDING (9/30/16) FY16 FUND BALANCE BUDGETED FY 17 REVENUES Ad Valorem Taxes 16,094,759 47,896,897 10,325,773 1,657,725 0 3,949,760 79,924,914 Other Revenue 19,174,941 5,307,000 732,000 119,000 5,715,000 3,673,168 Transfers In (cost allocation & excess fees) 9,377,412 1,400,000 170,000 0 10,000 325,000 Less 5%non-collection FL. Stat. (1,763,485) (2,660,195) (552,889) (88,836) (285,750) (198,743) Total Budgeted FY17 Revenues 42,883,627 51,943,702 10,674,884 1,687,889 5,439,250 7,749,185 BUDGETED FY 17 EXPENDITURES 50,084,346 53,989,117 12,722,211 2,199,387 8,565,078 8,300,797 Budgeted Net Change Fund Balance (7,200,719) (2,045,415) (2,047,327) (511,498) (3,125,828) (551,612) (15,482,399) BUDGETED ENDING (9/30/17) FY17 FUND BALANCE 27,012,206 13,693,010 3, 3 months Operating Capital 13,497,279 195,731 (105,128) (96,691) 4,685,518 (60,238) ESTMATED FY 17 REVENUES Ad Valorem Taxes 15,499,253 46,076,815 9,912,742 1,598,047 0 3,803,619 76,890,476 Other Revenue 19,237,753 4,994,620 723,300 109,673 5,885,600 3,545,026 Transfers In (cost allocation & excess fees) 9,244,638 1,400,000 161,500 0 9,600 318,500 Total Estimated FY16 Revenues 43,981,644 52,471,435 10,797,542 1,707,720 5,895,200 7,667,145 ESTIMATED FY 17 EXPENDITURES 47,782,347 52,783,471 11,986,357 1,720,860 7,992,984 7,833,357 Estimated Net Change Fund Balance (3,800,703) (312,036) (1,188,815) (13,140) (2,097,784) (166,212) (7,578,690) ESTIMATED ENDING (9/30/17) FY17 FUND BALANCE 30,412,222 15,426,389 3,933,937 951,514 7,854,832 2,096,356 3 months Operating Capital 13,497,279 3,180 5S3__ 549,947 6,141,270„ 1,771,194 979.I10 753,384+01,6G1 1,713,562 325,162 GENERAL FUND, FUND BALANCE General Operating Fund -Fund Balance Audited FY15 Estimated FY16 FY17 Projected Fund Balance Fund Balance Fund Balance 36, 004,187 34, 212, 925 30, 412, 222 Projected FY17 Operating Budget 50,084,346 Hurricane/Disaster Reserve Minimum Fund Balance 00000090 Total Proposed Budget. $456,880,861 41,173,695.50 1 month Operating Capital 4.89 months of reserves at 9/30/17 16, 694, 782 10, 000, 000 26, 694, 782 20, 868, 478 10, 000, 000 30, 868, 478 25, 042,173 10, 000, 000 35, 042,173 -< =)7