Update on Taxable Values & FY 14 Budget Status MAY BUDGET WORKSHOP

HISTORICAL TAXABLE VALUES FYTYTaxable ValueChangeMILLAGEAd Valorem FY $7,977,294, $45,167, FY $8,862,820, %5.6620$50,181, FY $12,376,031, %5.6620$70,073, FY $18,558,204, %4.1620$77,239, FY $18,818,318, %3.7915$71,349, FY $18,350,735, %3.6500$66,980, FY $16,306,460, %3.6500$59,518, FY $15,251,011, %3.6500$55,666, FY $14,286,446, %3.6500$52,145, FY $13,810,910, %3.6500$50,409,822.15

 $13,810,910,177 (DR-420 for FY 13)July 1, 2012  $13,972,497,826 (approx.)1.17%  March 2013  $13,956,735, %  April 2013  $13,946,537, %  This past week FY 14 TAXABLE VALUE

 General Fund (Transp. & Library)  Expenditures exceed Revenues  Cash Burn - approximately $6M annually  Cash Reserves  Choice  Possible Solutions  Increase millage approximately 0.4 to 0.5 mills  Continue to reduce expenditures  Find additional cash reserves  Or some combination thereof OUR BUDGET ISSUES FOR FY 14

 Retail Water/Wastewater  Solid Waste OUR BUDGET ISSUES FOR FY 14

 June  Preliminary taxable value from Property Appraiser  Constitutional/Court Administration Budgets  Budget Office  Finish Reviews  Balance all Funds  Provide budget documentation to the Board  July  Certified Taxable Value  Tentative Budget to Board by 15th  Millage Ceiling by End of Month BUDGET STATUS FY14

QUESTIONS/COMMENTS