HomeMy WebLinkAboutAgenda - 01-16-1999- 1Cane County
Fiscal Hook ~~
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January 16, 1999
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1998-99 Fiscal Condition
• County in excellent financial shape per 6/30/98 audit
• Steady growth in fund balance each year - undesignated at
$11.75 million
• 6 month revenue and expenditures in line with historical
patterns
• Tax base slightly stronger than budgeted
• If trends continue for balance of fiscal year, financial
condition will improve again over previous year
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Fund :Balance
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$14
$12
$10
$8
$6
$4
$2
$o
1993 1994 1995 1996 1997 1998
O Undesignated ®Appropriated
$11.75
$7 60
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$5.30
5.90
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General Fund Revenue
Budgeted - FY 1998-99
^ Property Tax'
65.47%
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C;range County Tax Base Growth.
Total Assessed Value
FY 1988 ths~ugh FY2000
$8 Billions
$7 Revaluation ;7,~w, ~ ~ ~~~~~{'
$6 ~ ~~1 ~j ~,~a
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'F 1998/99 is budgeted amount. '"}1999-00 is projected (3.5% increase).
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®Licenses/Permits ^ From Other
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®Sa1es Tax 5.40% 11.90% p Other
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General Fund Revenue from "Current"
Property Taxes
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$60.0 58.62
$50.0
$40.0
$30.0
$Z0.0
$10.0
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'F 1998-99 is budgeted amount.
C+ne Cent on the General Fund Property Tax
Thousands
$700
$600
$500
$400
$300
$zoo
$100
$0
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'F 1998-99 is budgeted amount.
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Sales Tax Revenue for the Two One Half Cent
and the 1 Cent Taxes
Millions
$14
$12 ~ 1/2 Cents ~ One Cent ~,4* j~a
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$10 in~i~ `~€u~~~ I~I~~ii '5~~~ i~vnS~
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$2 _4..57 -
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* Budgeted for 1998-99
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Licenses, Permits and
Charges for Services
^ urges for Service
Millions O Licenses & Pernuts
$6.00
$5.00
$4.00
$3.00
$2.00
$1.00
$0.0(] ui:.,.° y: k • k~.,r.,R~. '::k] utrx~' I u.,.~ ikfi7.klpii. It .5 ,:~I +Mrrmu~~, r'~,1?U~~I'iu
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'F 1998-99 is budgeted amount..
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Earnings on Investments
General Fund
Thousands
$1,400
$1,200 1,140
$1,000
$800 829 $731
$600
477 $501
$400 ~
$200 '
$0
89-90 90-91 91-92 92-93 93-94 94-95 95-96 96-97 97-98
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significant Fiscal Issues Ahead
• Continued student population growth
• School start up costs - Scroggs Elem/ECHHS Expansion
• Timing/amount of sales of 1997 approved bonds
• Possible issuance of 2/3 bonds for Whiffed and Northern
HSC renovations
• Siting, acquisition, and/or development of new solid waste
facilities
• Assumption of overall solid waste management authority
and adoption of 1999-2000 solid waste/landfill budget
• Efforts to improve bond rating from AA+ to AAA