COM 1039.000 2006-2008 - Laserfiche WebLink

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The Honorable Chairman Pete Hoffmann and Members of the County Council Page 7 February 29, 2008 EXPENDITURES BY FUNCTION The following table presents a summary of projected FY 2008-09 expenditures from various sources and the changes from the current budget: EXPENDITURES BY FUNCTION (Amounts in thousands) Increase (Decrease) Percent From Percent Of FY 2007-08 Increase Expenditures Amount Total Amount (Decrease) General Government $ 52,078 13.1% ($11) 0.0% Public Safety 111,811 28.1% 11,650 11.6% Highways & Streets 17,471 4.4% 182 1.1% Health, Education, & Welfare 22,260 5.6% 725 3.3% Culture and Recreation 20,090 5.0% 1,952 10.8% Sanitation & Waste Removal 44,652 11.2% 5,165 13.1% Debt Service 43,379 10.9% 7,643 21.4% Pension & Retirement 30,637 7.7% 5,444 21.6% Health Fund 33,697 8.5% 2,242 7.1% Miscellaneous 21,804 5.5% (11,532) (34.6%) $398,259 100.0% $23,460 6.3% CONCLUSION The budget being submitted is $23.46 million greater than the current year's budget. It is aimed primarily at improving existing services and facilities, addressing legal requirements, and preparing for a weakening economy. Although real property tax revenues have been projected to increase by 12.2%, this kind of increase cannot be expected in the years ahead. Included in this budget are additional funding for the Self Insurance ($1,000,000), Disaster and Emergency ($1,000,000), and Budget Stabilization ("Rainy Day") ($1,000,000) funds. Although past attempts at placing money into the Budget Stabilization Fund have been largely unsuccessful, it is more important than ever to build adequate reserves in all three funds. The approach taken to prepare this budget was very conservative. Items that created recurring expenditures, such as new positions or leases, were carefully scrutinized. New positions were only approved for public safety, environmental management, and new facilities. We believe that this budget, which is approximately 6.3% higher than the