Presentation by: Martin Votel, Chair of Budget Commission

Posted on by December 3, 2014

July 9, 2009

Preble County, Ohio

Special Session:

Preble County Commissioners

Presentation by: Martin Votel, Chair of Budget Commission:

Audio file

 

 

PREBLE COUNTY

BUDGET 2009

7/9/09

 

Page 2:

STATE OF OHIO

-2009 BUDGET WOES-

• STRICKLAND RELEASES STATE CUT SCENARIOS; SPEAKER HOLDS

FIRM ON REDUCTIONS VERSUS REVENUES TO FIX HOLE

• A glimpse into what severely reduced state government would look like was released

late Wednesday by the Strickland administration, however key players in the budget

deliberations continued to maintain that cuts alone would be pursued to close a

$3.2 billion shortfall.

• Released in spreadsheet formatting, the line item reports from state agencies were

requested by the Office of Budget and Management based on the potential for

additional cuts in the 10-30% range.

GONGWER OHIO, 6/17/2009

 

Page 3:

"CONSTITUENCIES STUNNED AT

BREADTH OF BUDGET CUTS"

Among the Governor's gravest hits:

• $21.3 million (28%) from the Department of Alcohol and Drug Addiction

Services' total,$75.8 million biennium budget.

• $51.2 million (16.5%) from the Department of Aging's total $309.4 million in

biennium appropriations approved by the Senate.

• $214.2 million (4%) from the Board of Regents' $5.43 billion.

• $178.5 million (16.5%) from Mental Health's $1.07 billion.

• $45.6 million (6.7%) from the MR/DDis $680 million.

• $80.7 million (2.4%) out of Rehabilitation and Correction's $3.24 billion.

• $29 million (5.3%) out of Youth Services' $541.3 million.

• $1.14 billion (5%) out ofJob and Family Services' $22.37 billion.

GONGWER OHIO, 6/22/2009

 

Page 4:

STATE OF OHIO

-2009 GENERAL REVENUE FUND-

2006 – 19.6 Billion

2007 – 19.5 Billion

2008 – 19.4 Billion

2009 -17.2 Billion*

~ll% DROP GRF, 2008-2009

*GONGWER OHIO, 5/29/2009 Estimate

 

Page 5:

LOCAL GOVERNMENTS

• Montgomery, Butler, Darke, Greene, Hamilton,

etc ….

 

Page 6:

2008

REVENUES/EXPENDITURES

$10,813,193

___$ 294,189(HEALTH INSURANCE)

$10,519,004 REVENUE

-vs-

___$11,047,945 EXPENSES

$ 528,941DEFICIT

 

Page 7:

2008

REVENUES/EXPENDITURES

• How could Preble County afford to run a deficit

of $528,941 in FY 2008?

FY2007"CARRYOVER" CASH BALANCE: $905,948

+ HEALTH INS. TRANSFER TO G. FUND: $294,189

$1,200,137

 

Page 8:

CERT. REVENUE HISTORY

2009

• 01/01/2009                             $9,908,440

• 05/22/2009                             $9,704,928

• 06/06/2009                             $9,504,928

 

*As actual revenue figures continue to cotne in, it

is possible that further decreased atnendtnents

will be needed before the end of FY2009.

 

Page 9:

SOURCES OF GENERAL FUND

REVENUE

"THE BIG FIVE…."

• SALES TAX

• LOCAL GOVERNMEN TFUNDS  (LGF)

• INTEREST INCOME ON COUNTY

RESOURCES

• FEES AND CHARGES OF COUNTY OFFICES

• PROPERTY TAX

 

Page 10:

REVENUE PERFORMANCE

JAN-MAY 2009

 

2009 BUDGET

JAN-MAY 2009

MONTHLY AVG

PROJECTION

DIFFERENCE

AMENDMENT

INTEREST

$450,000

$109,000

$21,800

$261,600

($188,400)

DOWN 200K

LGF

$810,500

$313,500

$62,700

$752,400

 ($58,100)

DOWN 100K

SALES TAX

$4,265,000

$1,657,912

$331,582

$3,978,989

 ($286,011)

DOWN 100K

FEES

$1,366,550

 $553,592

 $110,718

 $1,328,616

($37,934)

NONE

 

 

 

 

 

 

DOWN

TOTAL

 

 

 

 

($570,445)

$400K

 

Page 11:

RECENT HISTORY OF ANNUAL

DEFICIT SPENDING

YEAR

REVENUE

EXP.

DIFF.

2003

$9,088,392.

$9,015,321

$73,071

2004

$9,233,374

$9,747,859

-$514,485

2005

$9,360,499

$9,645,369

-$284,870

2006

$10,336,164

$9,714,378

$621,786

2007

$10,180,842

The pills help have good intimacy with your Partner However, you can cure male impotence discount viagra with Kamagra The condition of male sexual dysfunction with Kamagra Tablets.

$10,478,948

-$298,106

2008

$10,519,004*

$11,047,945

-$528,941

2009

$9,504,928**

$10,030,865

-??????

*Excludes $294,189 in Health Insurance transfer funds.

** Certified Revenue as of 6/24/09

 

Page 12:

REVENUE PERFORMANCE

JAN-MAY 2009

• PROPERTY TAXES – THE LONE BRIGHT SPOT?

• 2009 BUDGET PROJECTION                          $1,684,810

• 1ST HALF 2009 PROJECTION         $926,646

• 1ST HALF ACTUAL RECEIPTS    $1,027,375

                                                             +$100,729

• 2ND HALF 2009 PROJECTION $758,165

NOTE: 2ND HALF RECEIPTS '""17% LOWER THAN 1ST HALF

BASED ON 5-YEAR DATA, 2004-2008

 

Page 13:

ALTERNATIVE FORECASTING

METHODS

ASSUMPTION: AS GOES THE STATE, SO

GOES THE COUNTY…. (11 % REV

DECREASE FROM 2008).

2008 REVENUE:………………….$10,519,004

11 % REDUCTION:……………….$9,361,914

 

Page 14:

ALTERNATIVE FORECASTING

METHODS

ASSUMPTION: AS GO THE FIRST SIX

MONTHS, SO GOES THE REMAINDER

OF THE YEAR…

$4,819,069 X 2 =…………………………………..$9,638,138

LANDFILL PAYBACK………………………………-74,400

2nd l/2 RE. REDUCTION………………………….– 174,654

___________________________________$9,389,084

 

Page 15:

2009 REVENUE

ACTUAL vs BUDGET

JAN-JUNE 2009 REVENUE ACTUAL vs. BUDGET*:

$4,819,069* vs. $4,842,358 = $23,289

*Based on 9.5M certified revenue

*Includes $74,400 landfill payback

 

Page 16:

CASH

• AS OF 06/30/2009, CASH BALANCE:

$818,469

Can't we spend this to alleviate revenue shortfalls?

 

Page 17:

PARTIAL 2008 CASH BALANCES

 

RECEIPT

EXP

BALANCE

JAN

628,694

941,063

909,049

FEB

603,623

807,210

705,462

MRC

1,972,164

1,011,595

1,666,031

APL

710,703

1,033,378

1,343,355

MAY

700,480

1,043,806

1,000,030

JUN

590,438

877,822

712,645

JLY

612,600

736,615

588,631

AUG

1,553,394

866,146

1,275,878

 

Page 18:

2009 CASH BALANCES

 

RECEIPT

EXP

BALANCE

JAN

446,550

962,058

471,158

FEB

650,761

653,085

468,834

MRC

1,893,854

824,736

1,537,952

APL

486,851

747,336

1,277,467

MAY

690,379

1,007,876

959,970

JUN

650,670

792,171

818,469

JUL*

43,361

228,278

633,552

*AS OF JULY 9, 2009

 

Page 19:

"RAINY DAY FUND"

"CERTIFICATED UNAPPROPRIATED FUND" (CUF)

 

AMT CERT. -AMT. APPR. (SPENT) = RDF

AMT. CERT. = EDUCATED GUESS

AMT. APPR. = VOLATILE CONCEPT

 

Page 20:

CERT. REVENUE HISTORY

2009

• 01/01/2009 __________________________ $9,908,440

• 05/22/2009 __________________________ $9,704,928

• 06/06/2009 __________________________ $9,504,928

 

Within three weeks, cert. amount reduced ~$400,000.

   RDF went from ~$650,000 to $250,000 without

   spending a dime of "real" money.

And then there are unanticipated expenses on the other

   side of the ledger….

 

Page 21:

2009 BUDGET HISTORY

AS OF JAN 2009:

____ CERT. REV.: $9,908,440

____ AMT. APPR.: $10,570,447

AS OF MARCH 2009:

____ CERT. REV.: $9,908,440

____ AMT. APPR.: $10,030,865 (CUT =$561,553)

AS OF JUNE 2009:

____ CERT. REV.: $9,504,928

____ AMT. APPR.: $10,030,865

PJ DEFICIT: $525,937

 

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