1. Josephine County Overview of Budget Process – Part 1 Presented at Weekly Business Session April 1, 2015

2. Oregon Local Budget Law ORS 294.305 Sections constituting Local Budget Law. ORS 294.305 to 294.565 shall be known as the Local Budget Law. 12/19/2014 Josephine County Overview of Budget Process

3. Purpose of Oregon Local Budget Law Establish standard procedures Outline programs and fiscal policies Require estimates of resources and expenditures Encourage citizen involvement Control expenditure of public funds 04/01/2015 Josephine County Overview of Budget Process

4. Budget Process – 4 Phases Phase 1 – Propose the Budget Phase 2 – Approve the Budget Phase 3 – Adopt the Budget Phase 4 – Budget Changes after Adoption 04/01/2015 Josephine County Overview of Budget Process

5. Phase 1 – Propose the Budget 04/01/2015 Josephine County Overview of Budget Process 1. Appoint a Budget Officer 2. Establish Budget Calendar 3. Establish Budget Directives 4. Departments meet with BCC Liaison 5. Departments Develop Proposed Budget 6. Finance consolidates into Budget Book 7. Budget Officer presents Balanced Budget to Committee

6. What is a Budget? A financial plan For one fiscal year (July 1 – June 30) Based on estimates of revenues & expenditures All resources & requirements must be budgeted. Resources & requirements must balance. Estimates of resources & requirements must be made in “good faith”. 04/01/2015 Josephine County Overview of Budget Process

7. Phase 2 – Approve the Budget Budget Committee meets in public session Schedules subsequent meetings, if needed BC approves the budget and tax rate Approved Budget published 04/01/2015 Josephine County Overview of Budget Process

8. Budget Committee Duties Receive the Budget Document Hear the Budget Message Hear and consider public comment Discuss and revise the budget as needed Approve the Budget Approve the Property Taxes 04/01/2015 Josephine County Overview of Budget Process

9. Phase 3 – Adopt the Budget Publish Notice of Budget Hearing Board of Commissioners hold Public Hearing and adopts budget with appropriation & property tax resolution Submit LB-50 Property Tax Form to Assessor (by July 15) Submit Budget to Clerk (by Sept 30) 04/01/2015 Josephine County Overview of Budget Process

10. Property Tax Cycle Budget Committee - Approves Budget & Sets Tax Rate County Commissioners – Adopts Budget & Resolution Assessor - Appraises Property & Calculates Taxes Tax Collector - Sends Bills & Collects Taxes Treasurer - Distributes Revenue 04/01/2015 Josephine County Overview of Budget Process

11. Tax Rates for Selected Counties 04/01/2015 Josephine County Overview of Budget Process

12. Questions or Comments? Email: aohare@co.josephine.or.us