general expense fy 2012-2013 proposed budget christine moody, budget & financial planning...
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![Page 1: GENERAL EXPENSE FY 2012-2013 Proposed Budget Christine Moody, Budget & Financial Planning Manager](https://reader035.vdocuments.us/reader035/viewer/2022072011/56649e2e5503460f94b1df27/html5/thumbnails/1.jpg)
GENERAL EXPENSE
FY 2012-2013 Proposed Budget
Christine Moody,Budget & Financial Planning Manager
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PurposeConsolidation of Non-departmental
mandated and essential payments and services that cannot otherwise be allocated to individual departments.◦Debt Service◦Special Services & Projects◦Tourism◦Title III◦Risk & Benefits◦General Fund
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Debt ServiceCounty limited by ORS 287.053 to carry debt on limited tax full faith & credit bonds of no more than 1% of real market value on taxable property within the county. ORS 287.054 similarly provides a debt limit on general obligation bonds of 2% of real market value.
TOTAL OUTSTANDING DEBT: $103.5 million
Total FY 12-13 Debt Service Payments: $12.6 million
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Special Services & Projects Economic Development
◦ Funded primarily with Video Lottery from State of Oregon 50/50 split between general allocation program and economic
development strategic investment projects.
Courthouse Facility Security◦ Revenue from court fines, fees & assessments. Expenditures
must develop or implement court security improvement. Capital Projects
◦ Juvenile Justice Center construction fund – contains balance of voter approved GO-bonds. Remaining balance is completing remodel of National Guard Armory on Serbu Youth Campus. Done in FY 12-13
County School Funds◦ National Forest Svc & State Timber Harvest Payments (now
that Secure Rural Schools has ended). Transfer all funds to Lane Education Service District which transfers to county schools.
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Transient Room TaxTransient Room Tax revenue for enhancement of
Visitor Industry which is in the business of attracting and providing services and accommodation to support the convention business and tourism. ◦ Travel Lane County (fna CVALCO)◦ Capital Improvements (Lane Events Center)◦ Lane County Historical Museum◦ Rural Tourism Program◦ Special Projects◦ Parks
Receipts of tax show slow economic recovery. Olympic Trials in summer 2012 will provide boost.
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Title IIISecure Rural Schools (SRS) provided federal
funding for timber dependent counties in regions with substantial holdings of federal forests. Title III portion of this funding used exclusively for:◦ Firewise Communities program
Lane County has a grant program run through Land Management in Public Works. Encourages local solutions for wildfire safety.
◦ Search & Rescue and other Emergency programs Search & Rescue, Wildland Policing, National Dunes &
Communication tower upgrades
◦ Wildfire Protection Plans Lane County developed under prior SRS legislation.
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Title IIILane County receipt of Title III revenue:
All Title III funding is eliminated with the expiration of the SRS legislation.
Reserves of these funds - $2.1 million – is being spent in FY 12-13. Public Safety services are stable, while Firewise Program is being reduced from $1.1 million in FY 11-12 to $512,000 in FY 12-13.
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Risk & Benefits Risk Fund
◦ Fund holds reserves for payment of both general liability and workers’ compensation claim payments.
◦ County began paying for excess liability insurance in FY 10-11 as a result of increases in Tort Claims limits by the legislature.
◦ Due to higher litigation, Risk Fund began paying for one attorney in County Counsel office beginning July 1, 2012
Benefits Fund ◦ Health, Dental, PERS, Deferred Comp, all employer taxes
Retiree Benefit Fund Retiree Medical insurance benefit (no longer given to new EEs)
Unemployment Reserve. ◦ County is self-insured and receives quarterly bill.
Anticipated that majority of reserve ($1 million) will be spent with FY 12-13 layoffs. Rate may increase in FY 13-14.
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General FundRevenue & expenses required to meet
Countywide operating requirements within the General Fund.◦ REVENUE
Property Tax Revenue Cigarette, Liquor, Car Rental and Amusement taxes Timber Payments from O&C Lands
◦ EXPENDITURES Debt Service transfers Legal ad expenses Association Dues – separate attachment Metro TV, etc
Prudent Person and Service Stabilization reserve
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General FundGeneral Fund Reserve Policy
◦5% Prudent Person – ‘emergency reserve’
◦5% Economic Stabilization Reserve Use of this reserve can be approved
through budget process. Committee should consider trends: Revenue growth below 2.5% annually Unemployment rate in excess of 7% (March
2012=8.3%) If used, should restore in 2 fiscal years.
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General FundReserve History
FY 12-13 General Fund Reserve is $6.8 million, or 10% of operating revenue.