1. Fiscal Year 2013-14 Budget Overview Citizen Academy September 3, 2013 Citizen Academy September 3, 2013

2. Budget development Key budget roles Statutory time frames TRim process FY 2013/2014 Budget Overview County government service costs State benchmark 2 Outline

3. Budget Development Full year process – mini budget workshops held during Council meetings –Annual review of current budget –5 year forecast –Establishment of TRIM rates –2 Public Hearings –Department/Division presentations October 1 st beginning of a new fiscal year New budget development kickoff in February/March 3

4. Department/Division Directors Office of Management & Budget (OMB) County Manager County Council 4 Key Budget Roles

5. Develop budget requests Special revenue fund request must balance –Current revenues –Identify rate adjustments Submit to OMB by established due date 5 Key Budget Roles Department/Division Directors

6. Review budget request for completeness Develop spending proposals based on available revenues and Council goals/priorities Prepare recommendations for review by Manager Compile the recommended budget document Assure compliance with County ordinances and state statues Compile the adopted budget document Implement/update the financial system Monitor revenues and expenditures 6 Key Budget Roles Office of Management & Budget

7. Implement Council policies/priorities/goals Provide direction/guidelines to departments Review/Finalize budget recommendations Submit recommended budget to Council by July 15 th Coordinate mini-budget workshops throughout the year 7 Key Budget Roles County Manager

8. Key Budget Roles County Council Establish policies, priorities and goals Provide direction/guidelines to County Manager Review County Mangers recommended budget Modify budget as deemed appropriate Hold public hearings on budget Adopt tax rates and budgets Adhere to statutory time frames 8

9. Statutory Time Frames July 1 – tax base information from Property Appraiser July 15 – recommended budget submitted to County Council July (last Council meeting) – Council adopts trim rates August 24 – last day to mail trim notices September (First Thursday) – first public hearing adopt tentative tax rates/budgets September (Third Thursday) – final public hearings adopt final tax rates/budgets 9

10. Established by Florida Legislature, enacted in 1980 Truth in millage Must comply to receive state revenues Public notification – TRIM Notice –Property Assessment –Newspaper advertisements Tax increase – adoption of a tax rate that is higher than the rolled-back tax rate –Proposed Tax Rates –Date, Time, Place of first public hearing 10

11. Operating Budget 11 Since 2007, 572 positions have been eliminated or unfunded.

12. Ad Valorem Taxes History The countys general fund revenue from property tax has been flat at $133 million over the past three years, down from its highest point of $158M in FY08-09. As a result, the county has lost $9.2 million in buying power from inflation alone (6.9% during the last three years). I refer to this as silent cost cutting. Majority of all taxing funds are well below the State Standard (growth in Florida per capita income plus growth in new construction) 12

13. Allocation of General Fund Property Taxes 13

14. VOLUSIA COUNTY PROPERTY TAXES & STATE BENCHMARK (TAXING FUNDS) 14

15. State Standard with General Fund at 6.3189 mills 15 $142.0M State Standard Growth Benchmark is the growth in Florida Per Capita Income plus the growth in new construction $147.2M Difference of $25.9M

16. State Standard with Library Fund at 0.5520 mills 16 State Standard Growth Benchmark is the growth in Florida Per Capita Income plus the growth in new construction Differenc of $5.6M

17. State Standard with Mosquito Control at 0.2080 mills 17 State Standard Growth Benchmark is the growth in Florida Per Capita Income plus the growth in new construction

18. State Standard with Port District at 0.0929 mills 18 State Standard Growth Benchmark is the growth in Florida Per Capita Income plus the growth in new construction

19. State Standard with MSD Fund at 2.2399 mills 19 State Standard Growth Benchmark is the growth in Florida Per Capita Income plus the growth in new construction

20. State Standard with Fire Fund at 3.6315 mills 20 State Standard Growth Benchmark is the growth in Florida Per Capita Income plus the growth in new construction

21. Property Values 21

22. Countywide Taxable Value 22 2013 values are below 2004 levels, however the growth of the dollar 2004 to ending 2012 (CPI) grew 22.4%

23. QUESTIONS/COMMENTS 23