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Hendry County Board of County Commissioners
Budget Meeting August 1, 2017 Hendry County Board of County Commissioners
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2017/2018 Budget Workshop Emma J. Byrd Darrell Harris
District I District II Vice-Chairperson Mitchell Wills Mike Swindle Karson Turner District III District IV District V Chairperson Charles Chapman Jennifer Davis Mark Lapp County Administrator Office of Management County Attorney & Budget Director
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Hendry County Board of County Commissioners Millage Analysis Update
% Assessment % Tax incr./(decr.) Tax $ Total Countywide Fiscal Year Value of Mill from prior year Millage Taxes Levied Budget 2004/2005 1,502,376 0.38% 9.0000 13,521,384 2005/2006 2,006,797 33.57% 8.7500 17,559,475 29.86% 77,702,409 2006/2007 2,814,130 40.23% 6.5000 18,291,845 732,370 4.17% 90,354,214 2007/2008 2,761,907 -1.86% 17,952,396 (339,450) 90,867,067 2008/2009 2,329,335 -15.66% 15,140,678 (2,811,718) 87,948,626 2009/2010 2,089,210 -10.31% 13,579,865 (1,560,813) 76,077,313 2010/2011 1,790,130 -14.32% 11,635,845 (1,944,020) 68,045,064 2011/2012 1,669,996 -6.71% 7.2894 12,173,269 537,424 4.62% 67,860,010 2012/2013 1,671,815 0.11% 7.7209 12,907,916 734,648 6.03% 61,994,951 2013/2014 1,742,992 4.26% 13,457,467 549,550 61,334,392 2014/2015 1,777,184 1.96% 8.4909 15,089,892 1,632,425 12.13% 61,334,390 2015/2016 1,812,071 15,386,114 296,222 69,870,174 2016/2017 1,840,736 1.58% 15,629,505 243,392 72,379,889 2017/2018 1,910,717 3.80% 16,223,707 594,202 - Total (1,335,768)
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Taxes Levied from 2005
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Key Budget Components–
Ad Valorem – Ad Valorem Revenue up 3.8% from prior year Current millage rate is 2.76% higher than roll back rate (Difference in rates due to new construction calculation and adjustments to prior year figures) New Construction is $19,241,991 for tax year Population : 38,370 for 2017/2018 Budgeting Purposes +0.7% from prior year State Revenue – $118,000 increase over last year in general fund. $286,000 increase in One Cent Sales Tax Revenue Medicaid increased from prior year however we are now done with the back payments as of July 2017 therefore realizing a net savings of approx $60K in general fund for 2018. Insurance Costs Health Insurance Increase of 3% Liability Increase of 5% Retirement rates for regular employees increased .4%
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Priorities Addressed P1. Balance the Budget and enhance/maintain levels of service at the same millage rate P2. Cost of Living Adjustments (COLA) for all employees P3. Begin process of identifying methods to upgrade/replace the jail and courthouse P4. Continue to update the ambulance fleet and regular vehicle fleet P5. Rebuild general fund un-restricted reserves P6. Repair and maintain County facilities (buildings, parking lots and grounds) at the appropriate level of care (no longer minimal level of care). *Requires reducing General Fund reliance on Capital Improvement Sales Surtax to balance overall budget
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CAPITAL PROJECTS FUND Hendry County Sheriff’s Department $40,000
Courthouse $480,000 Historic Courthouse $500,000 Health Department / LaBelle $70,000 Library $10,000 Clewiston Sub-Office $100,000 Harlem Civic Center $10,000 Dallas B. Townsend Ag Building $250,000 Less Grants/Other Funding Sources ($810,000) Total Capital Projects Fund $650,000
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2018 TRIM Rate Ad Valorem Current rate: 8.4909 Proposed rate: 8.4909
*May decrease, but can not increase from TRIM rate to FINAL rate One Mill Millage Rate Taxes Levied Difference 1,910,717 8.4909 16,223,707 Roll Back 8.2631 15,788,446 (435,261) -0.25 8.2409 15,746,028 (477,679) -0.50 7.9909 15,268,348 (955,359) -0.75 7.7409 14,790,669 (1,433,038) -1.00 7.4909 14,312,990 (1,910,717)
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Residential Taxable Values
Just Value 50,000 75,000 100,000 125,000 150,000 175,000 200,000 250,000 1st $25K Exemption (25,000) 2nd $25K Exemption n/a Taxable Value 25,000 Current Millage Rate 8.4909 Millage Rate 212.27 424.55 636.82 849.09 1,061.36 1,273.64 1,698.18 Roll Back Rate 8.2631 roll back rate 206.58 413.16 619.73 826.31 1,032.89 1,239.47 1,652.62 Difference 5.70 11.39 17.09 22.78 28.47 34.17 45.56
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Commercial Taxable Values
Just Value 50,000 100,000 200,000 300,000 400,000 500,000 750,000 1,000,000 1st $25K Exemption n/a 2nd $25K Exemption Taxable Value Current Millage Rate 8.4909 Millage Rate 424.55 849.09 1,698.18 2,547.27 3,396.36 4,245.45 6,368.18 8,490.90 Roll Back Rate 8.2631 roll back rate 413.16 826.31 1,652.62 2,478.93 3,305.24 4,131.55 6,197.33 8,263.10 Difference 11.39 22.78 45.56 68.34 91.12 113.90 170.85 227.80
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Timelines – Estimated Tax Value: June 1 Final Taxable Value: July 1 MSBU/TRIM Not To Exceed July 14 Tentative Budget to BOCC: July 15 TRIM: August 4 Tentative Budget Hearing September 12, 2017 Final Budget Hearing September 26, 2017
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