FY2023 Adopted Operating and Capital Budget

FY2023 Adopted Budget Fund Budgets

Consolidated Budget Overview approved a sewer rate increase effective on September 1, 2019. The increase will occur for each fiscal year through FY2024. Other fees and charges have been updated as needed.

Fines & Forfeitures increased 10.1% but is only $3,600 more than the prior year budget.

Investment Earnings are expected to increase slightly related to higher fund balances in Special Revenue Funds Capital, however, interest rate yields still remain low. The main component of Miscellaneous Revenues is Water/Sewer capacity charges, which are budgeted in that fund and are expected to increase as building continues to grow in the County. Critical Farm Refunds is the second largest account in this category and is budgeted in the Agricultural Preservation Fund. This account fluctuates from year to year based on the scheduled timing of the refund. Other Financing Sources is mainly the transfer of funds from another fund (otherwise referred to interfund transfers). The largest piece of the budget is recorded in the Debt Service Fund-General Government. The sole purpose of this fund is to pay 100% of the debt service related to general government funds (mostly the General Fund for capital projects). Budgeted Fund Balance is a budgetary account and is budgeted in order to balance the budget. The amount shown here represents the use of funds that was saved in prior years (shown as a positive amount) or represents funds that are being added to savings for a future year s use (shown as a negative amount). The General Fund is the primary source of this account type with FY2023 budgeted at $29.9 million, which is derived from the FY2021 General Fund financial performance. As a note, actual amounts are usually not recorded unless a specific action to use fund balance was taken. In this schedule, revenues over/(under) expenditures represents the fund balance used (negative) or saved (positive). Expenditures/Expenses: Personnel expenditures were driven by two factors. The first was the implementation of the second phase of the recent compensation and classification study for general employees of the County and the negotiated pay structure for applicable employees. Secondly, specific budget appeals for additional staff and a carry-over of several mid-year budget amendments added several positions. Operating expenditures are increasing $83.3 million or 11%. This is mainly in the general fund with a contribution to Component Units, including in-kind expenses, increasing $37.4 million and transfer to other funds increasing $6.8 million. Depreciation and maintenance are increasing in the Water & Sewer Management fund by $5.3 million. This also reflects the increase in required debt service related to the fall 2021 bond issue. Capital expenditures should not be confused with capital projects. Capital expenditures represented here are individual items that have a value over ten thousand dollars. This account category can fluctuate based on capital needs for the budget year, since the individual purchases are not re-occurring. A majority of the increase for FY2023 is related to agricultural land easements and transit bus purchases. Reimbursements are shown as a negative expenditure and reduce the County s overall expenditures. This budget represents monies that the County expects to recover from other departments, agencies, and third-parties related to expenses that the County has already incurred. One example is the Resident Deputy Program where certain municipalities have requested and are provided public safety coverage. The Sheriff Division, hires and pays deputies to fulfill this request and the municipalities pay the County back for these additional services. The budgeted amount is expected to grow by 8.7% and is mostly related to salary increases.

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