1. Update on Taxable Values & FY 14 Budget Status MAY BUDGET WORKSHOP

2. HISTORICAL TAXABLE VALUES FYTYTaxable ValueChangeMILLAGEAd Valorem FY 042003$7,977,294,458.005.6620$45,167,441.22 FY 052004$8,862,820,090.0011.10%5.6620$50,181,287.35 FY 062005$12,376,031,933.0039.64%5.6620$70,073,092.80 FY 072006$18,558,204,406.0049.95%4.1620$77,239,246.74 FY 082007$18,818,318,287.001.40%3.7915$71,349,653.79 FY 092008$18,350,735,844.00-2.48%3.6500$66,980,185.83 FY 102009$16,306,460,867.00-11.14%3.6500$59,518,582.16 FY 112010$15,251,011,358.00-6.47%3.6500$55,666,191.46 FY 122011$14,286,446,652.00-6.32%3.6500$52,145,530.28 FY 132012$13,810,910,177.00-3.33%3.6500$50,409,822.15

3.  $13,810,910,177 (DR-420 for FY 13)July 1, 2012  $13,972,497,826 (approx.)1.17%  March 2013  $13,956,735,9531.06%  April 2013  $13,946,537,9410.98%  This past week FY 14 TAXABLE VALUE

4.  General Fund (Transp. & Library)  Expenditures exceed Revenues  Cash Burn - approximately $6M annually  Cash Reserves  Choice  Possible Solutions  Increase millage approximately 0.4 to 0.5 mills  Continue to reduce expenditures  Find additional cash reserves  Or some combination thereof OUR BUDGET ISSUES FOR FY 14

5.  Retail Water/Wastewater  Solid Waste OUR BUDGET ISSUES FOR FY 14

6.  June  Preliminary taxable value from Property Appraiser  Constitutional/Court Administration Budgets  Budget Office  Finish Reviews  Balance all Funds  Provide budget documentation to the Board  July  Certified Taxable Value  Tentative Budget to Board by 15th  Millage Ceiling by End of Month BUDGET STATUS FY14

7. QUESTIONS/COMMENTS