Financial Planning
Desired Outcomes ▪ Board provides policy direction and any adjustments to Five Year Financial Plan ▪ Board approves Plan
Today’s Agenda ▪ Review - Dec 4 Work Session ▪ Board provided policy direction - Water Resource Protection Mandate ▪ Today’s Policy Discussions and Direction ▪ Capital Program – dedicated revenues ▪ Other ▪ Next Steps
On December 4, we reviewed materials presented at the first two work sessions.
Board provided direction on Water Resources Protection Mandate:
Board agrees with the Plan’s assumption that all costs for the Water Resource Protection mandate (operating and Capital) are to be covered by an additional dedicated revenue source.
Board requested additional information
Assumptions - revenue changes for all years of the Plan (numbers and %s)
Assumptions – summary regarding revenue growth and expenditure growth
Assumptions - costs that would be associated with moving to Geo Policing Phase II
Assumptions - Agency funding
Chart - CIP project requests in ranked order by Technical Review Committee (TRC.)
Real Estate Taxes (Includes tax rate increases in FY 16 and FY 18) Other Property Taxes Other Local Taxes Other Local Revenue State Revenue Federal Revenue SUBTOTAL Net Transfers Net Use of Fund Balance TOTAL
FY 15
FY 16
FY 17
FY 18
FY 19
1.9%
5.5%
4.2%
5.5%
4.0%
$2,184,946
$6,379,885
$5,082,009
$6,952,141
$5,404,036
2.2%
3.6%
3.9%
5.2%
5.2%
$649,830
$1,105,965
$1,248,369
$1,712,586
$1,808,772
5.7%
3.9%
4.0%
4.1%
4.2%
$2,647,437
$1,911,948
$2,068,134
$2,215,543
$2,323,694
19.9%
12.9%
1.3%
3.5%
1.4%
$1,328,725
$1,029,797
$121,327
$320,606
$133,593
0.8% $193,483 3.7%
0.9% $206,906 2.4%
1.0% $239,401 3.4%
1.0% $241,616 3.2%
1.1% $263,837 3.7%
$157,151
$105,128
$152,081
$149,768
$179,764
$7,161,572
$10,739,629
$8,911,321
$11,592,260
$10,113,696
-12.3%
4.0%
4.2%
4.5%
4.5%
-$306,373
$86,960
$96,747
$105,888
$112,241
-18.6%
-36.7%
-9.2%
0.0%
8.2%
-$257,826
-$414,026
-$65,500
$0
$53,250
2.9%
4.4%
3.6%
4.6%
3.9%
$6,597,373
$10,412,562
$8,942,568
$11,698,148
$10,279,187
Assumptions - Available Funding Increases
FY15
FY 16
FY 17
FY 18
FY 19
$6.6 M
$10.4 M
$8.9 M
$11.7M
$10.3 M
$5.4M 82% 845 k 13% $1 M 15% $-415k -6% $-837k -13% $598k 9%
$7.5M 72% $876k 8% $743k 7% $451k 4% $148k 4% $716k 7%
$6.3M 71% $1.1 M 12% $550k 6% $464k 5% $228k 5% $232k 3%
$8.4M 72% $1.4 M 12% $565k 5% $476k 4% $235k 4% $567k 5%
$7.3M 71% $1.4 M 14% $581k 6% $489k 5% $184k 5% $272k 5%
$6.6M
$10.4M
$8.9M
$11.6M
$10.2M
Assumptions - Expenditure Increases Mandates and Obligations Salary Increase Dept. Operations /Impacts of CIP * Agencies Other Net Adjustments ** Public Safety/Mandates /Workload Total - Expenditure Increases
Notes: * Includes Fire Rescue Volunteer funding ** Includes multiple items such as one-time costs and transfers to other funds
Funding Assumptions
FY15
FY16
FY17
FY18
FY19
Funding currently included in Five Year Financial Plan Model (Provides for 12 officers over 5 years)
$300,087 $626,792
Assumptions regarding costs to implement Geo Policing Phase II
$860,261 $1,343,900 $1,827,633 $1,793,295 $2,213,083
Additional $ that would be required per FY
$560,174 $717,108 $1,076,210
$751,423
$1,110,073 $1,264,391
$683,222
$948,692
Assumptions: •
For the first three years, FY15, FY16 and FY17, Geo-Policing Phase II would require the addition of 6 officers each year. •
4 of the 18 officers in the first 3 years will be SROs. Assumes there would be $ support from School Division towards the SROs.
•
Two officers will be added in FY18 and 3 in FY19 to maintain a projected officer/1,000 population ratio of 1.29. This would result in a total of 23 additional officers over the 5 years period, 4 of which would be SRO’s.
Agency Budget Review Team (ABRT) Agencies Cultural Agencies OMB Reviewed Agencies Emergency Communications Center (ECC) Blue Ridge Juvenile Detention Center Charlottesville-Albemarle SPCA Albemarle-Charlottesville Regional Jail Charlottesville Albemarle Convention & Visitors Bureau (CACVB) Jefferson Madison Regional Library Total
$ $1.6M $33k $4.4M $2.2M $841k $532k $3.4M
% 9.3% 0.2% 25.6% 12.8% 4.9% 3.1% 20%
$666k $3.4M
3.9% 20.2%
$17M
100%
Received $300 million in requests for FY 15 – FY 19
Five Year Financial Plan includes dedicated revenues for Capital FY 15 – Water Resource Protection Revenues (support capital and operating costs) FY 16 – one additional penny on tax rate (supports capital only) FY 18 – one additional penny on tax rate (supports capital only) ▪ To address the need to update and replace our Emergency Communications Center ‘s 800 Mhz Communication and Dispatch Systems which are past their useful lives and to address critical space needs of the County’s Court facilities.
Oversight Committee completed its work on November 25.
Board will have a joint Capital Plan work session with School Board on December 12.
Do you agree with Plan’s assumptions regarding additional dedicated revenues (additional pennies) to Capital?
Consider Oversight Committee’s Recommendation for additional dedicated revenues for Henley Gym addition, transportation revenue sharing and ACE.
Additional Board direction regarding unfunded Capital needs?
Do you recommend any other changes to the assumptions currently included in the Five Year Financial Plan?
Do you approve the Five Year Financial Plan?
December 12 – Board/School Board - CIP Work Session
February 21 – Briefing to the Board - County Executive’s Recommended Budget
February 24 - Public Hearing on County Executive’s Recommended Budget
February/March – Board budget work sessions
Today’s Agenda ▪ Review - Dec 4 Work Session ▪ Board provided policy direction - Water Resource Protection Mandate ▪ Today’s Policy Discussions and Direction ▪ Capital Program – dedicated revenues ▪ Other ▪ Next Steps
On December 4, we reviewed materials presented at the first two work sessions.
Board provided direction on Water Resources Protection Mandate:
Board agrees with the Plan’s assumption that all costs for the Water Resource Protection mandate (operating and Capital) are to be covered by an additional dedicated revenue source.
Board requested additional information
Assumptions - revenue changes for all years of the Plan (numbers and %s)
Assumptions – summary regarding revenue growth and expenditure growth
Assumptions - costs that would be associated with moving to Geo Policing Phase II
Assumptions - Agency funding
Chart - CIP project requests in ranked order by Technical Review Committee (TRC.)
Real Estate Taxes (Includes tax rate increases in FY 16 and FY 18) Other Property Taxes Other Local Taxes Other Local Revenue State Revenue Federal Revenue SUBTOTAL Net Transfers Net Use of Fund Balance TOTAL
FY 15
FY 16
FY 17
FY 18
FY 19
1.9%
5.5%
4.2%
5.5%
4.0%
$2,184,946
$6,379,885
$5,082,009
$6,952,141
$5,404,036
2.2%
3.6%
3.9%
5.2%
5.2%
$649,830
$1,105,965
$1,248,369
$1,712,586
$1,808,772
5.7%
3.9%
4.0%
4.1%
4.2%
$2,647,437
$1,911,948
$2,068,134
$2,215,543
$2,323,694
19.9%
12.9%
1.3%
3.5%
1.4%
$1,328,725
$1,029,797
$121,327
$320,606
$133,593
0.8% $193,483 3.7%
0.9% $206,906 2.4%
1.0% $239,401 3.4%
1.0% $241,616 3.2%
1.1% $263,837 3.7%
$157,151
$105,128
$152,081
$149,768
$179,764
$7,161,572
$10,739,629
$8,911,321
$11,592,260
$10,113,696
-12.3%
4.0%
4.2%
4.5%
4.5%
-$306,373
$86,960
$96,747
$105,888
$112,241
-18.6%
-36.7%
-9.2%
0.0%
8.2%
-$257,826
-$414,026
-$65,500
$0
$53,250
2.9%
4.4%
3.6%
4.6%
3.9%
$6,597,373
$10,412,562
$8,942,568
$11,698,148
$10,279,187
Assumptions - Available Funding Increases
FY15
FY 16
FY 17
FY 18
FY 19
$6.6 M
$10.4 M
$8.9 M
$11.7M
$10.3 M
$5.4M 82% 845 k 13% $1 M 15% $-415k -6% $-837k -13% $598k 9%
$7.5M 72% $876k 8% $743k 7% $451k 4% $148k 4% $716k 7%
$6.3M 71% $1.1 M 12% $550k 6% $464k 5% $228k 5% $232k 3%
$8.4M 72% $1.4 M 12% $565k 5% $476k 4% $235k 4% $567k 5%
$7.3M 71% $1.4 M 14% $581k 6% $489k 5% $184k 5% $272k 5%
$6.6M
$10.4M
$8.9M
$11.6M
$10.2M
Assumptions - Expenditure Increases Mandates and Obligations Salary Increase Dept. Operations /Impacts of CIP * Agencies Other Net Adjustments ** Public Safety/Mandates /Workload Total - Expenditure Increases
Notes: * Includes Fire Rescue Volunteer funding ** Includes multiple items such as one-time costs and transfers to other funds
Funding Assumptions
FY15
FY16
FY17
FY18
FY19
Funding currently included in Five Year Financial Plan Model (Provides for 12 officers over 5 years)
$300,087 $626,792
Assumptions regarding costs to implement Geo Policing Phase II
$860,261 $1,343,900 $1,827,633 $1,793,295 $2,213,083
Additional $ that would be required per FY
$560,174 $717,108 $1,076,210
$751,423
$1,110,073 $1,264,391
$683,222
$948,692
Assumptions: •
For the first three years, FY15, FY16 and FY17, Geo-Policing Phase II would require the addition of 6 officers each year. •
4 of the 18 officers in the first 3 years will be SROs. Assumes there would be $ support from School Division towards the SROs.
•
Two officers will be added in FY18 and 3 in FY19 to maintain a projected officer/1,000 population ratio of 1.29. This would result in a total of 23 additional officers over the 5 years period, 4 of which would be SRO’s.
Agency Budget Review Team (ABRT) Agencies Cultural Agencies OMB Reviewed Agencies Emergency Communications Center (ECC) Blue Ridge Juvenile Detention Center Charlottesville-Albemarle SPCA Albemarle-Charlottesville Regional Jail Charlottesville Albemarle Convention & Visitors Bureau (CACVB) Jefferson Madison Regional Library Total
$ $1.6M $33k $4.4M $2.2M $841k $532k $3.4M
% 9.3% 0.2% 25.6% 12.8% 4.9% 3.1% 20%
$666k $3.4M
3.9% 20.2%
$17M
100%
Received $300 million in requests for FY 15 – FY 19
Five Year Financial Plan includes dedicated revenues for Capital FY 15 – Water Resource Protection Revenues (support capital and operating costs) FY 16 – one additional penny on tax rate (supports capital only) FY 18 – one additional penny on tax rate (supports capital only) ▪ To address the need to update and replace our Emergency Communications Center ‘s 800 Mhz Communication and Dispatch Systems which are past their useful lives and to address critical space needs of the County’s Court facilities.
Oversight Committee completed its work on November 25.
Board will have a joint Capital Plan work session with School Board on December 12.
Do you agree with Plan’s assumptions regarding additional dedicated revenues (additional pennies) to Capital?
Consider Oversight Committee’s Recommendation for additional dedicated revenues for Henley Gym addition, transportation revenue sharing and ACE.
Additional Board direction regarding unfunded Capital needs?
Do you recommend any other changes to the assumptions currently included in the Five Year Financial Plan?
Do you approve the Five Year Financial Plan?
December 12 – Board/School Board - CIP Work Session
February 21 – Briefing to the Board - County Executive’s Recommended Budget
February 24 - Public Hearing on County Executive’s Recommended Budget
February/March – Board budget work sessions
