1. March, 11 2016 FY 2017 BUDGET WORK SESSION

2.  Use of Fund Balance  Tax Rate: each penny generates approximately $126,000 in revenue  Minimum Local Effort for School Funding TOPICS OF DISCUSSION Reduction of Minimum Local Effort Total School Transfer $ 10,590,250 Minimum Local Effort $ 5,006,391 Reduction to GF Transfer $ 5,583,859 Required Debt Service Payment of County Debt Service Attributed to School Projects $ (2,208,198) Potential Net Savings $ 3,375,661 King William County Unassigned Fund Balance FY 2014 Unassigned Fund Balance $ 4,742,615 FY 2015 Unassigned Fund Balance $ 6,365,262 Appropriated Use in FY 2016 $ (630,639) Recommended Use in FY 2017 $ (237,475) FY 2017 Ending Balance $ 5,497,148 Assuming NO additional funding added23.9% Target Best Practice Fund Balance Amount15%-25%

3.  Compression Adjustments in FY 2016  Health Insurance – renewal 19.1% TOPICS OF DISCUSSION

4.  State Revenue – 2% raise for state supported local employees, changes in CSA and other pending items. This will impact revenues from the state in the General Fund, Social Services Fund and Children’s Services Act Fund. Updated numbers will be brought to the Board as soon as they are available.  Land Use – Total relief given $1,140,720  Wireless costs - $20,000 per year in cellphone and other wireless costs County wide. Staff worked with Verizon to save $4,430 annually by pooling minutes.  Proffers  Fire and Rescue