1. Fiscal Year 2018-2019 Recommended Budget Presentation May 14, 2018
County of Beaufort
Fiscal Year
Recommended Budget Presentation
May 14, 2018

2. FY 18-19 Recommended Budget
Presented as required by NCGS 159
Balanced and prepared in accordance with policies and procedures outlined in the Local Government Budget and Fiscal Control Act
Contains 3 sections
Continuation Budget
Service Expansions
Fee Manual

3. FY 18-19 Recommended Budget
July 1 – June 30 Budget Period
Process
Planning Retreat
Internal Budget Work
Budget Workshops (this week and next)
Public Hearing (June regular meeting)
Adoption (Special second June meeting)

4. FY 18-19 Recommended Budget
Overview
Maintains all services and programs
Maintains prior year fire and EMS district tax levels
Makes adjustments for 2018 Revaluation
Recommended ad valorem tax rate of $0.60 for each $100 of assessed valuation
3 cents for “revenue neutral”
2 cents to maintain current County provided services

5. FY 18-19 Recommended Budget
General Fund
$56,714,321
Decrease of $1,147,730 from prior year
2% decrease
Appropriates $251,457 in fund balance
Decrease of $793,383 from prior year
$15.67 M in fund balance est. June 30, 2019
27.63% of expenditures

6. FY 18-19 Recommended Budget
Revenues
Property taxes $34,357,419
$0.60 per $100 valuation
$5,730,622,022 total taxable valuation
Total real property valuation down 5.5%
Assumes 97.92% collection for real/personal
Assumes 100% for motor vehicle

7. FY 18-19 Recommended Budget
Fiscal Year
Tax Rate
Reval Year
$0.60 7 8
$0.50 1
$0.53 2 3 4 5 6
$0.55
$0.60 rec

8. FY 18-19 Recommended Budget
County
Tax Rate
Ratio
Effective Rate
Rank (100 highest)
Washington
$0.8550
1.0299
$0.8806 96
Martin
$0.7900
1.0148
$0.8017 85
Hyde
$0.7300
0.9846
$0.7187 64
Pitt
$0.6960
0.9883
$0.6878 55
Pamlico
$0.6250
0.9515
$0.5947 36
Beaufort
$0.5500
1.0504
$0.5777 31
Craven
$0.5394
0.9900
$0.5340 22

9. FY 18-19 Recommended Budget
Revenues
Sales and other taxes $9,360,061
Up in current year
Based on broader base of taxes by General Assembly
FY estimated to be up 4%
Anticipate trends leveling out next year

10. FY 18-19 Recommended Budget
Revenues
Restricted and Intergovernmental $9,852,066
Project lower in FY 18-19
Mostly due to program changes in DSS
Childcare payments in NCFAST
Medicaid payments in NCTRACKS
Subject to change over the course of the year based on State and Federal programs

11. FY 18-19 Recommended Budget
Revenues
Licenses, Fees and other $2,368,931
Significant decrease from prior year
Due to one-time installment note proceeds related to the prior year $3M financing package
Projected slightly upward in FY after removal of financing proceeds

12. FY 18-19 Recommended Budget
Revenues
Investment earnings $220,000
Projected increase in FY due to investment changes in County’s portfolio in FY 16-17
Interest rates projected to rise
March 2018 – Fed raised rate a quarter point to a range of 1.50% to 1.75%
Anticipated to raise two more times in 2018
Would put rate at 2.25% going into 2019

13. FY 18-19 Recommended Budget
Revenues
Administrative Charge $304,387
New in FY 18-19
Charged to Enterprise Funds
Pays back services used from the General Fund
Helps eliminate general fund tax subsidy to enterprise fund user fees
Based on specific units used (IT example)

14. FY 18-19 Recommended Budget
Revenues
Appropriated fund balance $251,457
Decrease of $793,383 from prior year
$15.67 M in fund balance est. June 30, 2019
27.63% of expenditures

15. FY 18-19 Recommended Budget

16. FY 18-19 Recommended Budget
Expenditures
Education $18,492,235
Human Services $15,384,309
Public Safety $11,871,763
General Government $ 6,132,461
Community Services $ 1,640,371

17. FY 18-19 Recommended Budget
Expenditures
General Government
Decreased overall from prior year by 5.6%
Tax Assessor up - 3 positions moved from Planning
Tax Collector down - elimination of position and replacement with lock box service
Elections down - no municipal election
Register of Deeds up - automation funds
Maintenance, Buildings and Grounds up - furnishings for financial services center and Horne building repairs
Other departments flat or less

18. FY 18-19 Recommended Budget
Expenditures
Human Services
Decreased overall by $1,667,113 or 9.8%
Driven by DSS changes in NCFAST and NCTRACKS
BATS – increase of $52,500
Final year of 2-year adjustment approved last year
Eliminates subsidy provided by BCDC
Other departments decreased

19. FY 18-19 Recommended Budget
Expenditures
Community Services
Down overall by $192,739 or 10.5%
Driven by elimination of Planning Director position
Services now contracted with local COG
Movement of 3 positions from Planning to Assessor

20. FY 18-19 Recommended Budget
Expenditures
Education
Beaufort County Schools
Maintains FY funding level
Beaufort County Community College
Slightly lower than FY 17-18
Additional Campus Police Office moved to service expansion

21. FY 18-19 Recommended Budget
Expenditures
Public Safety
Up overall by $349,488 or 3%
Emergency Management replacing vehicle
Animal Control replacing cat kennels due to State inspection requirements
Increased Jail Safe Keeping funds by $150,000
Increased Medical Examiner funds by $25,000

22. FY 18-19 Recommended Budget

23. FY 18-19 Recommended Budget
Enterprise Funds
Water
$7,322,910
Consolidation of the 7 water districts into a single operational water district using an interlocal agreement between the County and the districts
Incorporates new water rate study that consolidates existing rates over a five-year period into a uniform rate for all class customers
Established a formal 10-year CIP for the entire system
$380,338 is estimated to be added to Fund Balance Reserve

24. FY 18-19 Recommended Budget
Enterprise Funds
Solid Waste
Projected $3,383,648, 4.89% increase
$145 per parcel maintained (utility fee – not tax)
Not charged to vacant land or parcels with recognized full service solid waste provider (pays tipping fee)
Corrected prior exempted properties
All residential waste costs
Municipal vs. other pick up
11 convenience sites and transfer station
General fund transfer to pay for services

25. FY 18-19 Recommended Budget
Schedule
Tonight – presentation of recommended budget
Budget Workshops
Thursday, May 17 – General Fund
Monday, May 21 – General Fund and Enterprise Funds
Tuesday, May 22 – Service Expansions (County and Outside Agencies)
Thursday, May 24 – Finalize Budget
Monday, June 4 (regular meeting) – Public hearing
Monday, June 11 (special meeting) – Adopt budget

26. FY 18-19 Recommended Budget
Questions