Item B
'"
Monroe County 2005
Budget
Overview
Office of Management & Budget
'1t. Topics of ~iscussion
. Current Budget
. Major Issues
. Trends
Office of Management & Budget
Current Budget
Revenues
Appropriations
Office of Management & Budget
i.
Revenue Breakdown by Source
FY02 FY03 FY04 FY04
Sources Adopted Adopted Adopted % of Total
Taxes 79,417,793 85,282,551 31.0%
Licenses & Permits 1,425,000 1,465,000 0.5%
Inter overnmental Revenue 10,961,712 11,846,519 4.2%
Cha es for Services 40,955,689 43,125,788 16.3%
Fines and Forfeits 1,462,000 1,299,000 0.40/0
Miscellaneous 5,569,415 4,164,287 1.3%
Inter-fund Transfers 14,957,425 11,386,854 1%.327622 5.7%
Fund Dal Fwd! Less 5% 108,971,672 681 41.3%
Total Sources $263 720 706 105 100%
Office of Management & Budget
R_e'venues
i.
$290,096,105
III Charges for
Services
16%
Where the Money Comes From (Sources)
FY 2004 - AIl Funds
. Fines and Forfeits
.45%
. Miscellaneous
1.%
o Intergovernmental
Revenue
4%
. Fund Bal. FweV
(Less 5%)
41%
. licenses &; Permits
.55%
Office of Management & Budget
.
Types of Taxes
Ad Valorem 0 e
One Cent Sales
Tourist Development
Fuel
Franchise
Totals
64,539,581
10,500,000
13,064,032
1,275,000
683,000
$90,061,613
Office of Management & Budget
1t.
Breakdown of Taxes
$90~061~613
. Toe
13%
. "Ad
Valorem
($64.5
million)
71%
*22% of total budget
Office of Management & Budget
.-.
Appropriations
Breakdown By Use
FY02 FYOJ FY04
Uses Adopted Adopted 0/0 of Total
General Government Services 45,538,165 44,952,408 21%
Public Safety 57,950,022 61,600,287 24%
Physical Environment 17,016,015 17.093,972 6%
Transportation 32,423,431 35,328,514 9%
Economic Environment 23,573,248 24,221,802 8%
Human Services 29,380,164 28,661,715 11%
Culture & Recreation 4,520,729 6,706,310 4%
Other Uses 46,105,267 42,347,082 14%
Court - Related Expenditures 7,573,665 8,397,914 3%
Total Uses $263,720,706 $269 10004 100%
Office of Management & Budget
Appropriations
$290,096,105
Where the Money Goes (Uses)
FY 2004 - All Funds
.. Other Uses
14%
.. Court-Related
Expenditures
3%
.. General
Government
SelVices
21%
.. Culture &;
Recreation
4%
.. Human Services
11%
.. Public Safety
23%
.. Economic
Environment
8% II Transportation
10%
Physical
Environment
6%
Office of Management & Budget
'"
FY 04 Constitutional
Appro~!!ations
~
l..::.J
Public
BOCC - $229.6 Million
Sheriff - $42.3 Million
Other Constitutional - $18.24 Million
Office of Management & Budget
Full Time Equivalent Breakdown
1. F~04
Sheriff - 536.00
BOCC - 495.12
Clerk of Courts - 100.00
Tax Collector - 56.00
Property Appraiser - 47.00
Court Administration - 33.5
TDC - 12.50
Supervisor of Elections - 12.00
Land Authority - 2.00
*Does not include grant funded positions.
Office of Management & Budget
BOCC Divisions $139,60 Million
11-
.
BOCC I
Public Growth Public Management Community
Works Management Safety Services Services
$77.7M* $10.0M $18.4M*** $27.5M** $6.0.M
. Includes Capital Plan
.. Includes Group Insurance, Worker's Compensation, & Risk Management
... Includes Marathon Airport
Office of Management & Budget
Other - $90.0 Million
BOCC
BOCC Tourist
Administrative Council Fire Rescue
$54.3M * $20.2M $8.5M
Veteran County Medical
Affairs Administrator Examiner
$518.2K $478.1K $552.5K
State Key West
Attorney Airport
$187K $ 4.1M
County
Attomey
$907.6K
Public
Defender
$272K
· Includes Reserves and Human Service Organizations.
Office of Management & Budget
"
Major Trends
Property Values
Ad Valorem Millages
Office of Management & Budget
County Property Value Trend
rIl
.~
-
-
is
15.500
li:~88
14.000
13.500
B:~88
12.000
11.500
Ib:~88
10.000
9.500
X:~88
8.000
2000 2001 2002 2003 2004
Office of Management & Budget
.. Ad Valorem_"~illage Trend
6.0000
5.0000
4.0000
3.0000
2.0000
1.0000
0.0000
~ COlmty-wide
3.5238
.596
.....-...- Lower Key s
72.3 187 MlBlicipal
53 1.1358
..732 .
Wi
-.- Key Largo
MlBlicpal
1999 2000 2001 2002 2003 2004
Office of Management & Budget
Changes in Property Taxes
..
> ,,::: .....
. References to average increase/decrease
in millage rates.
. Homesteaded properties often come in
under this average percentage.
. Non-Homesteaded and Commercial
properties often come in over the
average percentage.
Office of Management & Budget
11. Homestead:dProperties
. As of 2003 Final Tax Role - 89,830 parcels.
. 24,713 with Federal, State, or Local Government
Exemption ($3,456,081,176).
. 17,450 parcels with Homestead Exemption.
. Homestead exemption - property value
totaling $437.6 million exempted.
. Save our homes - property value totaling
$1.95 billion over save our homes cap.
Office of Management & Budget
'1\
Major Issues
Compensation Issues
Florida Retirement System Rates
Group Benefits
Insurance
Article Five
Office of Management & Budget
..
. ,~j ,
Major Issues Continued
Non-profit Funding
State Budget Issues-Cost Shifting
State Budget Issues-Loss of
Revenue
Fund Balances
OffIce of Management & Budget
1.
Compensation Issues
. Across the board increases used in FY 03' (40/0)
and FY 04 (2.40/0) Budget.
. Estimated budget impact of $600,000 per 10/0
($540,000 ad valorem) for BOCC and
Constitutional Officers.
· Ranges should increase 3.40/0 to keep pace with
inflation. (3.40/0 = $2,040,000) BOCC only
· Consumer Price Index increased 1. g% year over
year.
OffIce of Management & Budget
....10rida Retire~~~t System Rates
. Effective July 1, 2004, FRS rates are
expected to increase moderately.
. Budget impacts - BOCC and Constitutional
Officers.
. Subject to change in 2004 legislative
session.
. Estimated impact of $100K ($90K Ad
valorem) for FY 05. - BOCC Only
Office of Management & Budget
Group Benefits
. Medical costs conti~~~ increasing nationwide.
. No increase in employee rate for FYOS due to
actions previously taken.
. Status of State Insurance Plan & M-CHIP
. GASB to release exposure draft (1st Quarter
2004). Most recent liability estimate - $90
million.
. Self insured for excess coverage.
Office of Management & Budget
Salary Increment History
Salary Adjustments for past 14 years
8
~ 6
OIl
"
II 4
~
~
It 2 .4
0
0 N r') <::t lI"\ 'Cl r- oo 01 0 - N r')
01 01 01 01 01 01 01 01 01 01 0 0 0 0
01 01 01 01 01 01 01 01 01 01 0 0 0 0
- N N N N
Years
Office of Management & Budget
~
Group Benefits Cost
$12,000,000
$10,000,000
$8,000,000
$-
...
.c
$689,910
FYOI
$1,535,138
...
"
--- Medical
- Plmmiceuticas
-- DenIal& Vision
$6,000,000
$7,719,999
$4,000,000
$2,000,000
FY03
FY04 Estimlted
Office of Management & Budget
..
Insurance
. Insurance rates increasing nationwide.
. Projected moderate 80/0 increase on
policies.
. Expected $150,000 impact on budget.
Office of Management & Budget
~
Insurance Cost History
1,400,000
1,200,000
1,000,000
800,000
600,000
400,000
200,000
o
, 6,22l'
,3 0$1,308,280
FYOl
FY02
FY03 Projected
FY04
Office of Management & Budget
~
Shadek Settlement
. $3 million Infrastructure Sales Tax over
3 years. FY 04 portion $1 million.
. 100/0 of infrastructure sales tax can be
used for any public purpose.
. $2.9 million General Purpose MSTU over
3 years. FY 04 portion $1 million.
Office of Management & Budget
Non-Profit Funding
a opte recOmmendation of
Human Service Review committee.
. Funding of $1,304,950 for FY 04.
. Anticipate additional requests
. How to handle FY 04 BOCC adjustments
in FY 05?
. Major requests due to loss of State
funding.
Office of Management & Budget
~ Non-Profit F,:ding History
2,000,000
1,).16,35J,4~7,428
1,500,000
500,000
1,000,000
o 289,194 369,109
FY01 FY02 FY03 FY04
-+- HSAB
Funding
~ BOCC Direct
* FY 03 funding reflects changes recommended by the Human Services Review Committee.
Office of Management & Budget
tate Budget Issues-Cost Shifting
ost I Ing man afedlSy the State.
. $165,988 DJJ Detention Predisposition costs
shifted from the State to Monroe County.
. County to take over or contract with DJJ for
misdemeanor probation of Juveniles.
. Elimination of State Programs without a
mandate to continue service.
. Misdemeanor Assessment of Juveniles
. Adult pretrial intervention
. Medicaid Bus Pass for Non-Disabled
individuals eliminated. County impact
undetermined at this point in time.
Office of Management & Budget
.
Fund Balances
. Audited fund balance figures will be
available later in March.
. To be discussed at the April BOCC
meeting.
. Preliminary Review.
Office of Management & Budget
.
Summary of Issues*
Total
Estimated Impact Ad Valorem Funds
Salary Increases (per 1 %)
FRS Rate Increase
Group Benefits
Insurance
Shadek Settlement
State Budget Issues -
Loss of Revenue
Cost Shifting
$600,000
$100,000
$No Increase
$150,000
$1,400,000
$540,000
$90,000
$No Increase
$135,000
$700,000
Total Impact of
State Issues Unknown
*This only covers the key areas covered in this presentation, other issues may arise
during the budget process.
Office of Management & Budget
.
Summary
. Current status of the budget.
. How the budget has changed over time.
. Major Issues affecting FY 05 budget.
Office of Management & Budget
Direction from Board
Ad valorem increase?
. Aggregate
. Districts
. Countywide
. Policy for prioritization of projects in One Cent
Infrastructure Surtax Fund
. Policy for impacts relating to Constitutional Officers'
Budgets
. Policy for State Mandated Programs
. Article Five Unfunded Programs formerly state funded
. Human Service Advisory Board Policy
. Addition of Positions? Reclassifications
Office of Management & Budget