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HomeMy WebLinkAbout060905 Attachment WSA+�i�c h rue,-)'I- Alternative Scenarios For Possible Modifications to the FY 2005 -06 Manager's Recommended Budget "Manager's Note: The following alternative scenarios reflect the areas that I have identified for progressive cuts to reduce the tax rate increase penny by penny. The cuts in the first two columns could be considered and not dramatically erode the priorities of capital funding, critical needs reserve, pay plan, and school current expense. The consideration of cuts to 3 cents or beyond will seriously erode these budget priorities, in my opinion." The Manager's Recommended 2005 -06 fiscal year budget proposed a tax rate of 86.8 cents per $100 valuation, reflecting an increase of 9 cents over the revenue neutral rate of 77.8 cents. The tax rate increase was necessary in order to fund several major budget drivers - increased funding for schools, full funding of school and County capital in accordance with Option 2 recently adopted by the BOCC, and increased debt service for School and County capital projects. Some of the budget drivers have more flexibility than others, meaning that funding could conceivably be phased in over more than one year. The following budget drivers have some flexibility: increase in the current per pupil appropriation; full funding of School and County recurring capital; employee pay and benefits; and the reserve fund to address priority funding needs. However, increases related to debt service, medicaid, fuel and utilities obligatory, meaning that the County is either mandated to pay the expenses or is already experiencing increased costs. The obligatory elements of the Manager's Recommended 2005 -06 budget increase total $2.9 million ($1.9 million for increased debt service and $1 million for rising costs of Medicaid, fuel and utilities). The following table offers various ways the Board could conceivably consider decreasing the recommended tax rate increase of 9 cents down to 2. 5 cents (the amount necessary to fund the mandated budget drivers). Page 1 of 3 potential cuts.xlsscenarios From 86.8 From 86.8 From 86.8 From 86.8 From 86.8 From 86.8 Alternative Scenarios for Possible Budget cents to 85;6 cents to 84.5 cents to 83.8 cents to 82.8 cents to 81.8 cents to 80.3 Modifications cents cents = .cents cents cents cents Cent Equivalent 1 2 3 4 5 65 Total Budget Cuts for County and Schools $11187,580 $2,375,160 $3,562,740 $4,750,320 $5,937,900 $7,719,270 Menu Item Item # 1. Recurring Capital - Manager's Recommended Budget provides $4,650,600 (an increase of $2,634,946) to fully fund recurring capital for schools and County as outlined in Option 2 adopted by BOCC on May 5. The Recommended Budget includes 3 cents for Schools Recurring Capital ($1,342,861 for OCS and $2,145,089 for CHCCS) and 1 cent for County Recurring Capital ($1,187,580) 1 -a. Reduce Schools Recurring Capital $593,790 $593,790 $631,290 $890,685 $890,685 1 -b. Reduce County Recurring Capital $593,790 $593,790 $631,290 $890,685 $890,685 Maintain Schools at 2004 -05 funding level (provides $1,472,296 1 -c' $772,867 for OCS and $1,242,787 for CHCCS) 1A. Maintain County at 2004 -05 funding levels (would leave $1,162,650 no funds available for recurring capital) Total Recurring Capital Decreases $1,187,580 $1,187,580 $1,262,580 $1,781,370 $1,781,370 $2,634,946 2. Long -Range Capital - Manager's Recommended Budget provides $7,406,786 (an increase of $2,711,174) to fully fund recurring capital for schools and County as outlined in Option 2 adopted by BOCC on May 5. The Recommended Budget includes $1,710,968 for OCS, $2,733,104 for CHCCS and $2,962,714 for County. 2-a. Reduce long -range capital appropriation to County $200,000 $390,000 $475,032 $712,548 $855,057 projects 2-1b. Reduce long -range capital appropriation to School $300,000 $585,000 $712,548 $1,068,822 $1,282,587 projects Total Long Range Capital Decreases $0 $500,000 $975,000 $1,187,580 $1,781,370 $2,137,644 Page 1 of 3 potential cuts.xlsscenarios Alternative Scenarios For Possible Modifications to the FY 2005 -06 Manager's Recommended Budget "Manager's Note: The following alternative scenarios reflect the areas that I have identified for progressive cuts to reduce the tax rate increase penny by penny. The cuts in the first two columns could be considered and not dramatically erode the priorities of capital funding, critical needs reserve, pay plan, and school current expense. The consideration of cuts to 3 cents or beyond will seriously erode these budget priorities, in my opinion." The Manager's Recommended 2005 -06 fiscal year budget proposed a tax rate of 86.8 cents per $100 valuation, reflecting an increase of 9 cents over the revenue neutral rate of 77.8 cents. The tax rate increase was necessary in order to fund several major budget drivers - increased funding for schools, full funding of school and County capital in accordance with Option 2 recently adopted by the BOCC, and increased debt service for School and County capital projects. Some of the budget drivers have more flexibility than others, meaning that funding could conceivably be phased in over more than one year. The following budget drivers have some flexibility: increase in the current per pupil appropriation; full funding of School and County recurring capital; employee pay and benefits; and the reserve fund to address priority funding needs. However, increases related to debt service, medicaid, fuel and utilities obligatory, meaning that the County is either mandated to pay the expenses or is already experiencing increased costs. The obligatory elements of the Manager's Recommended 2005 -06 budget increase total $2.9 million ($1.9 million for increased debt service and $1 million for rising costs of Medicaid, fuel and utilities). The following table offers various ways the Board could conceivably consider decreasing the recommended tax rate increase of 9 cents down to 2. 5 cents (the amount necessary to fund the mandated budget drivers). Page 2 of 3 potential cuts.xlsscenarios From 86.8: From 86.8 From 86:8 From 86.8 From 86.8 From 86.8 Alternative Scenarios for Possible Budget cents to 85.6 cents to 84:5 cents to 818 cents to 82.8 cents to 81.8 cents to 80.3 Modifications : cents cents cents cents' cents cents Cent Equivalent 1 2 3 4 5 6,5 Total Budget Cuts for Countyand Schools -- $1,187,580 ._.:. $2,375,160 $3,562,740 ..... $4,750 320 , $5,937,900 $7,71.9,270; Menu Item Item # 3. Critical Needs Reserve - Manager's Recommended Budget includes $850,000 appropriation for fiscal year 2005 -06 to be combined with $150,000 carry forward from current fiscal year 3 -a. Reduce funding for Critical Needs Reserve $425,000 $425,000 $500,000 $500,000 $700,000 Total Critical Needs Reserve Decreases $0 $425,000 $425,000 $500,000 $500,000 $700,000 4. Employee Pay and Benefits Plan - Manager's Recommended budget includes $1.5 million for employee pay and benefits (provides for 2.5% COLA effective July 1, 2005, 2.5% in- range, meritorious service awards of $750 and $1,500, $5 increase in County 401(K) contribution) 4 -a. Delete meritorious services awards $159,000 $159,000 $159,000 $159,000 4 -b. Delete 401 (k) plan improvement $86,320 $86,320 $86,320 $86,320 4 -c. Reduce In -Range increase to 2% $76,731 $76,731 °o 0 0 o 4 -d. Eliminate In -Range increase $383,654 4 -e. Reduce COLA increase to 2% $173,254 $173,254 $173,254 4 -g. Reduce Employee Pay and Benefits Plan to $395,305 Total Employee Pay and Benefit Decreases $0 $245,320 $495,305 $495,305 $802,228 $1,100,000 Page 2 of 3 potential cuts.xlsscenarios Alternative Scenarios For Possible Modifications to the FY 2005 -06 Manager's Recommended Budget "Manager's Note: The following alternative scenarios reflect the areas that I have identified for progressive cuts to reduce the tax rate increase penny by penny. The cuts in the first two columns could be considered and not dramatically erode the priorities of capital funding, critical needs reserve, pay plan, and school current expense. The consideration of cuts to 3 cents or beyond will seriously erode these budget priorities, in my opinion." The Manager's Recommended 2005 -06 fiscal year budget proposed a tax rate of 86.8 cents per $100 valuation, reflecting an increase of 9 cents over the revenue neutral rate of 77.8 cents. The tax rate increase was necessary in order to fund several major budget drivers - increased funding for schools, full funding of school and County capital in accordance with Option 2 recently adopted by the BOCC, and increased debt service for School and County capital projects. Some of the budget drivers have more flexibility than others, meaning that funding could conceivably be phased in over more than one year. The following budget drivers have some flexibility: increase in the current per pupil appropriation; full funding of School and County recurring capital; employee pay and benefits; and the reserve fund to address priority funding needs. However, increases related to debt service, medicaid, fuel and utilities obligatory, meaning that the County is either mandated to pay the expenses or is already experiencing increased costs. The obligatory elements of the Manager's Recommended 2005 -06 budget increase total $2.9 million ($1.9 million for increased debt service and $1 million for rising costs of Medicaid, fuel and utilities). The following table offers various ways the Board could conceivably consider decreasing the recommended tax rate increase of 9 cents down to 2. 5 cents (the amount necessary to fund the mandated budget drivers). Menu Item # 5. Schc 5 -a. 5 -b. 5 -c. 5 -d. Alternative Scenarios for Possible Budget From 86.8 From 86.8 From 86.8. From 86.8 From 86.8 From 86.8 -: Modifications cents to 85.6 cents to 84.5 cents to 83.8 cents to 82.8 cents to 81.8 cents to 803 cents cents cents cents' cents cents Cent Equivalent 1 2 3 4 5.; 6:5 Total Budget Cuts for County and Schools $1,187,580 $2,375;160 $3,562,740 $4,750,320 $5;937,900 $7;71.9,270,; Item of Current Expense - Manager's Recommended budget provides $1.9 million to increase the per pupil appropriation by $95 (from $2,623 to $2,718) Reduce Recommended Per Pupil Appropriation by $23 bringing total current expense increase to $1,439,206 (from $411,148 recommended $2,718 to $2,695) Reduce Recommended Per Pupil Appropriation by $45 bringing total current expense increase to $1,045,934 (from $786,544 recommended $2,718 to $2,673) Reduce Recommended Per Pupil Appropriation by $60 bringing total current expense increase to $777,794 (from $1,072,560 recommended $2,718 to $2,658) Reduce Recommended Per Pupil Appropriation by $65 bringing total current expense increase to $688,414 (from $1,161,940 recommended $2,718 to $2,648) Total Current Expense Decreases $0 $0 $411,148 $786,544 $1,072,560 $1,161,940 Total Budget Cuts for County and Schools $1,187,580 $2,357,900 $3,569,033 $4,750,799 $5,937,528 $7,734,530 Difference (1) $0 - $17,260 $6,293 $479 -$372 $15,260 (" Difference may not reflect exactly one -half or one cent due to rounding. Page 3 of 3 potential cuts. xlsscenarios