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Home My WebLink AboutAgenda - 02-12-2009 - Attachment 3 Orange County Board of County Commissioners Retreat Originally Shared with BOCC: January 10,2009 Update Provided: February 12,2009 Items for Board Consideration in Developing FY 2009-10 Budget Guidelines 1. Tax Rate February 12,2009 Update: On February 5,2009,Commissioners (Increase or no increase in revenue neutral rate authoriz2009. ed The staff to planned proceed with plans to issue$33.6 million in debt in April issuance includes'County Campus&Library Development ($25M),Parks&Open Space($5.5M),Affordable Housing($1.4M),Property Mandated, Information Management System($1.5M)and Solid Waste Equipment 2. Debt Service ($217K). The repayment plan will be structured so that debt service Timing Discretionary payments do not begin until FY 2010-11. Plan issuance of debt to minimize fiscal impact on FY 2009-10 by postponing issuance for Office/Library and CHCCS Elementary#11 With regard to CHCCS Elementary#11,according to school staff the project's_ until July 2009 current timetable is such that debt will not need to be incurred until January 2010. This means the first debt service payment would be anticipated in FY 2010-11 or 2011-12. Preliminary.November.15,2008 SAPFO student membership projections indicate:CHCCS Elementary Level of Service(LOS)will be 103.1%of capacity in school year ending 2009-10 and 105.5%of capacity:' in school year ending 2010-11. 3 3 -r Page 1 of 5 Orange County Board of County Commissioners Retreat Originally Shared with BOCC: January 10,2009 Update Provided: February 12,2009 Items for Board Consideration in Developing FY 2009-10 Budget Guidelines 3. Appropriation Mandated, Local School Districts-Current Expense Funding Funding Discretionary FY 2008-09 Divided by# Equals FY Current Expense Funding for FY Total Current FY 2008-09 2008-09 Per 2008-09 Expense Budgeted Student Funding Students Funding $60,582,479 18,932 $3,200 What does"no increase"mean? Maintaining same bottom line total FY 2008-09 Divided by Projected Equals for Current Expense-equates to Total Current Total#of Amount of$ lower per student funding(i.e.no Expense Students in Per Student increase in total General Fund) Funding FY 2009-10(1) $60,582,479 19,334 $3,133 Equates to Projected ($67) Decrease in Per Pupil %Decrease in Per Pupil -2.1% Same Per Student Funding-will Projected FY Divided by equate to higher Current Expense 2009-10 Total Projected Equals funding level(i.e.increase of$1.2 Current Total#of Amount of$ million in total General Fund) Expense Students in Per Student Funding FY 2009-10(1) $61,868,800 19,334 $3,200 February 12;2009 Update: The State Department of Public Instruction(NCDPI)does Equates to Increase in Current not release certifietlstudent:membership numbers Expense $1,286,321 until after March 15 of each year:::Staff Will update the Board as Information is received from %Increase in Current Expense 2.1% NcDPI:: (')Allows for increase of 402 new students.-the average annual increase in actual student membership between school years 1999-00 and 2008-09. Pte of 5 �� Orange County Board of County Commissioners Retreat Originally Shared with BOCC: January 10,2009 Update Provided: February 12,2009 Items for Board Consideration in Developing FY 2009-10 Budget Guidelines 4. Appropriation Mandated, Local School Districts-Recurring Capital Funding Funding Discretionary Commissioners currently dedicate the equivalent of 2 cents on the tax rate to recurring capital for Chapel Hill Carrboro and Orange County Schools. Does the Board want to defer some portion or all of this dedication in FY 2009-10? FY 2008-09 Recurring Capital Funding for FY Total 2008-09-equivalent of 2 cents on Recurring FY 2008-09 ad valorem tax rate Capital Funding $2,570,535 5. Appropriation Not Mandated, Fair Funding for Schools Funding Discretionary Does the Board want to defer some portion or all of this dedication in FY 2009-10? Fair Funding for School Health and FY 2008-09 Safety Resources for FY 2008-09- Total Fair • equivalent of.77 cents on FY 2008- Funding 09 ad valorem tax rate Allocation $988,000 • Page 3 of 5 Orange County Board of County Commissioners Retreat Originally Shared with BOCC: January 10,2009 Update Provided: February 12,2009 Items for Board Consideration in Developing FY 2009-10 Budget Guidelines 6 Appropriation Not Mandated, Contributions to Non-Profit Funding Discretionary Agencies Does the Board want to maintain or reduce current year funding levels? February 12,2009 Update: Staff has provided Total FY 2008-09 Dedicated to Non- Commissioners with the Annual Outside Agencies Report for FY Profit Agencies-equivalent of 1.22 FY 2008-09 2007-.08. The Board may find the information included in this on FY 2008-09 ad valorem tax Funding report useful in making funding decisions for FY 2009-10 rate Allocation $1,568,413 7 Appropriation Not Mandated, Contributions to Towns for Library Funding Discretionary and Recreation Services Does the Board want to maintain or reduce current year funding levels? Total FY 2008-09 Contributions to FY 2008-09 Towns for Library and Recreation Funding Services-equivalent of.3 cents on Allocation FY 2008-09 ad valorem tax rate $375,141 71 • P 5 �� Orange County Board of County Commissioners Retreat Originally Shared with BOCC: January 10,2009 Update Provided: February 12,2009 Items for Board Consideration in Developing FY 2009-10 Budget Guidelines • 8. Funding Discretionary Employee Compensation What direction does the Board want to provide to staff with regard to County employee compensation in FY 2009-10? Components include: Results of Classification and Pay Study Cost of Living Increases Pay for Performance Health and Dental Insurance Page 5 of 5