Budget Status Update (58% of year completed) May 7, 2012

7-Month Spending Pattern (58%) All Departments Revenues58% Expenses52% General Fund only Revenues63% (departmental only) Expenses56% Revenues – no large variations at this time

FY Budget Process We are in the middle of it: – CIP Budget to LPA on May 31 (there are issues emerging) CIP tax rate was deleted in 2008 No dedicated funding source for Natural Resources TMDL projects and LeeTran projects – Major Maintenance Budget General Fund directly impacted for a portion Future courthouse improvements including Public Defender and Jury Room – Operating Budgets Deadline is this Wednesday – some service level pressures emerging

FY Budget Process Upcoming Dates: – June 1 Preliminary Tax Base Assessment Sheriff’s Budget due – June 25 Preliminary Budget Workshop – July 1 Final Tax Base Assessment – July 31 Set TRIM Millage – August 21 and 28 Open dates for 2 nd and/or 3 rd budget workshops – September 5 1 st Public Hearing – September 19 2 nd Public Hearing

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General Fund Expenditures Constitutionals$199 million57% County Depts.$110 million31% Joint Costs$ 42 million12% TOTAL$351 million100%

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General Fund Undesignated Reserves History & Projections Sep $ 70.0 million 2006$ 57.4 million 2007$ million 2008$163.8 million 2009$173.9 million 2010$191.1 million 2011$158.3 million 2012$127.7 million34% 2013$ 95.3 million28% 2014$ 61.0 million18% 2015$ 29.3 million 9%

Positives/Negatives Sales Tax Revenues improving Potential for bottoming out of tax base Increase in mandates – Medicaid – Juvenile Detention

General Fund Reserves Reasons to spend down further – Not at 10%-to-15% level for 3-1/2 more years – Reserves are maintaining service levels – Economy improving Options – Eliminate shortfall – what timeframe? August 29, 2011 Workshop with Constitutionals – Continue to spend reserves to maintain service levels – Consider millage neutral options of Finance & Taxation Committee (IN FUTURE YEARS)