Economic Development Fund – Lottery Dollars Presentation to Josephine County Budget Committee May 17, 2016

General Fund Use of moneys ORS  Moneys received by counties shall be deposited into a dedicated fund  Moneys received as described in this subsection may not be placed in the general fund of the county

Use of moneys ORS  Creating new jobs  Helping prevent the loss of existing jobs

Use of moneys ORS  Furthering economic development  Financial assistance to for-profit and nonprofit businesses

Use of moneys ORS  Economic Development Activities  Airport  Planning  Parks  Fairgrounds

Use of moneys ORS  May use to employ a person to manage the moneys  Community Development Director

County Expenditures of State Lottery Funds: Period End Date: June 30, 2015  Coos County  County Fair; County Parks and County Planning/Zoning. Southwestern Oregon College-Small Business Development Center.  Curry County  Maintenance of many County tourist attractions; support a.75 FTE Director and a.50 Administrative staff  Douglas County  The moneys expended this fiscal year were used to help support the Partnership for Economic Development ($97,896), admin. costs ($36,000) and a capital campaign grant to Umpqua Community college of $250,000 to expand the health, nursing and science educational programs.  Grant County  Money is used to sustain employees at the fairgrounds and airport. These facilities bring in tourism throughout the year.

County Expenditures of State Lottery Funds: Period End Date: June 30, 2015  Josephine County  Dues paid to regional economic development organization and to Chamber of Commerce.  Supported activities at the County Fairgrounds, Parks, Airports, and Planning Department.  Supported activities at Josephine Community Libraries, Rogue Community College Small Business Development Center, and the Illinois Valley Community Development Organization.  Supported expansion for local business.

Josephine County process  Internal Awards – Airport, Parks, Fair, Planning  Annual Budget Process  Project specific  External Awards – Governmental or Nonprofit  Annual dues/support  Project specific  External Awards – For profit  RCC Small Business Development Center  IVCDO Revolving Loan Fund

Questions or Comments from the Committee?

PERS – back by popular demand  Total Actual Expense $39,892,548 (CAFR p. 27)  Total PERS Payment $3,050,183 (CAFR p. 54)  PERS as a Percent of Total Actual Expense  7.65% PERS as a Percent of Total Actual Expense  Note: The Comprehensive Annual Financial Report (CAFR) reflects full accrual accounting, not modified accrual or budgetary accounting. Therefore total actual expense of $39,892,548 has been adjusted for capital assets, long-term debt, and internal service funds when compared with budgeted expense.