REP FC 051 04/21/2009 2008-2010 - Laserfiche WebLink

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Communication No. 151, Bill No. 36 April 21, 2009 Page -3- Debt Service • Debt Service. Debt service is projected to decrease with the delay in issuing bonds and the use of bond anticipation notes. Pension and Retirement • Employees Retirement System. The Employees Retirement System cost is expected to increase by $1.7 million due primazily to an increase in the salaries and wages for Police and Fire. Health Fund • Health Benefits. Health costs, including post-employment benefits, aze expected to increase by $2.2 million due to rising rates for both active employees and retirees. The health insurance rates For next fiscal year have not yet been set by the Employer Union Trust Fund, so increases to this budget item are possible. Miscellaneous • Transfer to Disaster & Emergency Fund. This transfer has been reduced to $100,000, the minimum set by the County Code. • Transfer to Self Insurance Fund. No funds aze being transferred, due to County's financial condition. • Transfer to Public Access, Open Space and Natural Resources Preservation Fund. This budget proposes a moratorium on this code requirement. • Transfer to Budget Stabilization Fund. Instead of transferring funds into this fund, this proposal seeks to withdraw from this "rainy day" fund as a means to balance the budget. • Sewer Fund Replacement Reserve Repairs. Scheduled repair projects have been reduced to $1.5 million. • Other. Provisions being reduced include vacation and unemployment compensation, which were increased in the current budget for this election year. Provisions were reduced for workers compensation, claims and judgments, and disaster/emergency due to our current financial environment. A summary of estimated FY2009-10 revenues and expenditures are shown below: REVENUES FY 2008-09 FY 2009-10 FY 10-FY 09 $ FY 10 -FY 09 Account Description Budge[ Es[ima[e Variance % Variance Account Descrip[ir General Fund Revenues General Fund Revenues Taxes Taxes Real Property Taxes 232,244,000 219,930,000 (12,314,000) (5.30) Real Property Taxes Public Svc Co Tax 8,305,000 8,630,000 325,000 3.91 Public Svc Co Tax TTL Taxes 240,549,000 228,560,000 (11,989,000) (4.98) TTL Taxes Licenses & Permits Licenses & Permits Bus. Lic & Permits 3,346,576 3,276,281 (70,295) (2.10) Bus. Lic & Permits FC REPORT NO. 51