AGENDA DATE: 5/15/2017
TITLE:
Title
Approval of Calendar Year 2017 Tax Rates and Adoption of the FY 18 Operating and Capital Budget
BODY
SUBJECT/PROPOSAL/REQUEST: Request Board approval of the Calendar Year 2017 Tax Rates and Adoption of the FY 18 Operating and Capital Budget
ITEM TYPE: Regular Action Item
STAFF CONTACT(S): Walker, Letteri, Kamptner, and L. Allshouse
PRESENTER (S): Lori Allshouse
LEGAL REVIEW: Yes.
REVIEWED BY: Douglas C. Walker
BACKGROUND: On February 17, 2017, the County Executive presented the Recommended FY18 Operating and Capital Budget to the Board of Supervisors. On February 21, 2017, the Board held a Public Hearing on the Recommended Budget and then had several public Work Sessions and Town Hall meetings. The Board authorized the advertising of a $0.839/$100 real estate tax rate for the 2017 Tax Year.
On April 11, 2017, separate Public Hearings were held on the Board of Supervisors’ Proposed Budget and on the Calendar Year 2017 Tax Rates.
Due to a defect in the public notice and in the interests of full transparency, a second Public Hearing on the Calendar Year 2017 Tax Rates will be held on May 15, 2017. Formal approval of the Calendar Year 2017 Tax Rates and adoption of the FY 18 Budget will follow the May 15, 2017 public hearing.
STRATEGIC PLAN: Mission: To enhance the well-being and quality of life for all citizens through the provision of the highest level of public service consistent with the prudent use of public funds.
DISCUSSION: The FY 18 Operating and Capital Budget for the Board’s approval on May 15, 2017 totals $397,897,173 and is based upon the proposed real estate tax rate of $0.839 per $100 of assessed value for the 2017 Tax Year. This is an increase of $534,243 over the County Executive’s Recommended Budget of $397,362,930 and reflects changes made during the Board’s work sessions and changes to be discussed with the Board on May 15, 2017. The revenue and expenditure changes made to the County Executive’s Recommended Budget are summarized on the following page:
Revenue Adjustments
|
Source |
Fund |
Amount |
|
Local Revenue |
General Government Special Revenue Funds |
79,927 |
|
State Revenue* |
General Fund |
54,531 |
|
|
School Fund |
(46,162) |
|
Use of Fund Balance |
School Special Revenue |
507,074 |
|
|
Capital Projects Fund |
(349,274) |
|
Transfers |
|
288,147 |
|
Total Revenue Adjustments |
|
534,243 |
Expenditure Adjustments
|
FundItemAmount |
|
|
|
General Fund |
Real Estate Appraiser |
73,089 |
|
|
Regional Jail Savings |
(37,082) |
|
|
Entrance Corridor Beautification |
12,000 |
|
|
Fully Fund JABA |
30,000 |
|
|
Neighborhood Planner |
82,658 |
|
|
Neighborhood Improvement Program |
(82,658) |
|
|
JAUNT |
24,951 |
|
|
*Health Insurance Adjustment |
(50,224) |
|
|
Reserve for Contingencies |
4,514 |
|
School Fund |
*School Division Expenses |
(238,904) |
|
School Special Revenue Funds |
*School Special Revenue Expenses |
987,963 |
|
Special Revenue Funds |
EDA Expenses |
80,000 |
|
|
*Health Insurance Adjustment |
(2,790) |
|
Capital Projects Fund |
Time and Attendance Project |
151,580 |
|
Debt Service Fund |
Debt Service Savings |
(500,854) |
|
Total Expenditure Adjustments |
|
534,243 |
*These proposed changes will be discussed with the Board on May 15,2017.
RECOMMENDATION:
Recommendation
Staff recommends that the Board adopt: 1) the attached Resolution to Set Calendar Year 2017 Tax Rates (Attachment A); and 2) the attached FY 18 Budget Resolution approving the FY 18 Operating and Capital Budget as recommended by the County Executive and amended by the Board of Supervisors (Attachment B).
ATTACHMENTS:
A - Calendar Year 2017 Tax Rate Resolution
B - FY 18 Budget Adoption Resolution