January 14, 2015 Dawn Jindrich, Linn County Budget Director David Farmer, Scott County Budget...
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Transcript of January 14, 2015 Dawn Jindrich, Linn County Budget Director David Farmer, Scott County Budget...
January 14, 2015Dawn Jindrich, Linn County Budget Director
David Farmer, Scott County Budget Manager
ISAC New County Officers School
Budget Definition
Budget: A financial plan for a specified period of time (fiscal year) that matches all planned revenues and expenditures with various County services.
Expenditures
Can be categorized in different ways:Expenditure CategoryService AreaFundDepartment/Office
Classes of ExpendituresPersonnel Services
• Salaries• Benefits
Operations• Minor purchases• Services
Capital Outlay• Capital Asset Acquisitions
Service Areas Public Safety & Legal Services Physical Health & Social Services Mental Health, Intellectual & Developmental Disabilities County Environment and Education Roads & Transportation Government Services to Residents Administration Non-program Current Debt Service Capital Projects
Service Area Detail
Public Safety & Legal Law Enforcement Legal Services and Courts Emergency Services
Physical Health & Social Services Physical Health Services Services to Poor Programs Services to Military Veterans Children’s & Family Services
Service Area Detail
Mental Health, Intellectual & Developmental Disabilities Mental Illness Chronic Mental Illness Intellectual Disabilities Other Developmental Disabilities County Provided Case Management General Administration County Provided Case Management Brain Injury
Service Area Detail
County Environment & Education Conservation & Recreation Services Animal Control Planning & Development Educational Services
Administration Policy & Administration Central Services Risk Management
Service Area Detail
Roads & Transportation Secondary Roads Roadway Maintenance Mass Transit
Government Services to Residents Elections Motor Vehicles Recording of Public Documents
Service Area DetailLong Term Debt General Obligations Bonds Revenue Bonds Loans Lease-Purchase Payments
Capital Projects Buildings or Improvements Roads and Bridges Equipment or Technology Acquisitions
Service Area Comparison
LargeCounty Small County
Public Safety & Legal Serv.
26%
Physical Health & Social Serv.
15%
Mental Health24%
Environment5%
Roads & Trans.4%
Govt. Services 3%
Admin.13%
Debt Service5%
Capital Projects5%
Public Safety & Legal Serv.
15%Physical Health &
Social Serv.4%
Mental Health9%
Environment9%
Roads & Trans.38%
Govt. Services 3%
Admin.9%
Debt Service12%
Capital Projects0%
Nonprogram Current
Elected Officials & BoardsAttorney §331.751Auditor §331.501Board of Supervisors §331.201Recorder §331.601Sheriff §331.651Treasurer §331.551Conservation Board §350Board of Health §137Veteran Affairs Commission §35(B)
County DepartmentsCivil ServiceCommunity ServicesEngineerHuman ResourcesInformation TechnologyFacilities/MaintenanceMedical Examiner Planning & Zoning/Code EnforcementOther
Non-County DepartmentsAssessor District Court AdministrationJuvenile Court ServicesE911Emergency ManagementHuman Services AdministrationSolid Waste Management
General Funds §331.427General Basic §331.423
Pays for general county services not paid from other levies
General Supplemental §331.424Elections and Voter Registration Employee benefits (associated with
general county services)Property & liability insuranceMaintenance and operation of the
courts
Special Revenue FundsRural Basic §331.423Rural Supplemental §331.424Secondary Roads §331.429Mental Health §331.424ADebt Service §331.430
Rural Funds §331.428
Rural Basic §331.423Pays for rural county services not paid
from other levies
Rural Supplemental §331.424Employee benefits (associated with
rural county services)Aviation authorities
Other FundsRecorder’s Records ManagementConservation TrustResource Enhancement And Protection
(REAP)Forfeited Property FundsJail Commissary
Enterprise FundsCountry View Care Facility Washburn Water & Sewer
RevenuesCan be categorized in different ways:
Revenue Source (Taxes, Fees)Service Area (Roads and
Transportation)Fund (General Basic Fund)Department/Office (Sheriff)
Sources of Revenue Taxes
Property tax
Intergovernmental State & federal pass-throughs/tax replacements (e.g., Commercial &
Industrial Replacement) Other governmental payment for services (e.g., contract law
enforcement)
Licenses & Permits E.g., building permits
Charges for Services E.g., recording fees, motor vehicle licenses
Use of Money & Property E.g., interest earnings, land rent
Miscellaneous E.g., special assessments, contributions
Other E.g., proceeds from debt issuance, sale of assets
A Closer Look At Property Taxes
General Basic LevyLevied against all property in the County, except TIFCapped at $3.50/$1,000 of taxable valuationOnly three counties levy below maximum in FY 15
General Supplemental LevyLevied against all property in the County, except TIFUncapped
a) But can only be used to the extent the General Basic levy is insufficient AND
b) Can only be used for specifically authorized functionsc) Rates range from $0 to $3.59, with average of $1.78
Rural Basic LevyLevied against rural property in the County, except TIFCapped at $3.95/$1,000 of taxable valuationThree-fourths of Counties levy below maximum
Rural Supplemental LevyLevied against rural property in the County, except TIFUncapped
a) But can only be used to the extent the Rural Basic levy is insufficient AND
b) Can only be used for specifically authorized functionsc) Rates range from $0 to $0.88, with average of $0.07
A Closer Look At Property Taxes
Mental Health LevyLevied against all property in the County, except TIFLevied at comparison of old maximum of 1990’s cap vs
2013 estimated population 47.28 per capita less Medicaid Offset to create new maximum Schedule provided in budget instructions.
Debt Service LevyLevied against all property in the County, including TIFUncapped
But outstanding debt cannot exceed legal debt limit defined as 5% of actual County valuation
Rates range from $0 to $3.02, with average of $0.54Pre-levy approval of debt required
A Closer Look At Property Taxes
Procedures do exist to exceed levy rate capsAdditions to levies via special levy election requiring majority
approvalCertification of additional levy due to unusual circumstances (e.g.,
disaster, state mandated services, staffing problems, new program substantially benefitting residents, low tax base growth) requiring notice to public
22% of counties exceed maximum General Basic levy
Tax levies and budget funds codified in Iowa Code Sections 331.421 through 331.428
Correcting a common misconception re: Assessor and County HospitalThey are separate governmental entities with their own tax levies,
distinct from County government
A Closer Look At Property Taxes
Property tax levy rates applied against “taxable” valuation
5 of 6 classes of property receive a rollback which lowers taxable value
A Closer Look At Property Taxes
Residential Commercial IndustrialAssessed Value 100,000 100,000 100,000 -Exemptions (10,000) (10,000) (10,000) (e.g., abatements, job credits)=Adjusted Value 90,000 90,000 90,000 x Rollback 50% 90% 90%=Gross Taxable Value 45,000 81,000 81,000 -Credits - - - (e.g., homestead, military)=Taxable Value 45,000 81,000 81,000 Commercial & Industrial Replacement - 9,000 9,000
FY 2016 is the second year of the Commercial, Industrial, and Railroad property rollback of 90% of their 100% valuation.
State will make replacement claim payments to the County Treasurer for the Commercial and Industrial portion.http://www.dom.state.ia.us/local/tax_history/
index.html
A Closer Look At Property Taxes
Secondary RoadsFunded through transfers from the General
Basic and Rural Basic Fund To qualify for Road Use Tax Fund, County must
transfer at least 75% of a minimum amount of their general (16.9¢) and rural ($3.04) tax levies
Also receive federal and state funding such as Road Use Tax Funds, STP, Farm-to-Market, Federal Aid to Bridges, Traffic Safety
A Closer Look At Other Revenue Sources
BondsCapital projects frequently financed through issuance of bondsBonds classified as General Obligation bonds (supported by tax
levy) or Revenue bonds (supported by revenues of the project for which the bonds are issued)
Iowa Code sections 331.441 – 331.443 authorize bonds to be issued for “Essential” county purposes and “General” county purposes With some exception, “essential” bonds may be issued after notice to
public “General” bonds requires 60% approval at special election
Repayment of bonds made through debt service levy, project revenues, or other revenues that may be available to abate the debt levy
A Closer Look At Other Revenue Sources
Proposed Budget SummaryPublished Summary of proposed budget
Major Expenditure classesProposed tax levies, estimated uncollected
delinquent taxes, estimated credits to taxpayers, net current property taxes, and delinquent property taxes.
Other major sources of revenuesOther Financial Sources and Uses – Transfers,
Proceeds from the issuance of General Long-Term Debt, Proceeds from sales of capital assets.
Comparison to two proceeding years.Meeting date, time, location and telephone
number.
Questions?Contact Information:
Dawn Jindrich, CPA
Linn County Budget Director
David Farmer, CPA
Scott County Budget Manager