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<br />
<br />Bonnie Hammersley said she wanted to show transparency prior to presenting her full
<br />budget to the Board of County Commissioners on May 5th. She said this is considered a
<br />moderate decrease. She said County staff has had to be extremely creative to be able present
<br />a balanced budget to the Board, which is a requirement of the State.
<br />Ashton Powell clarified that the percentage difference measured is from the projected
<br />budget, but the actual difference from 19-20 is still going up.
<br />Bonnie Hammersley said this presentation includes just the revenue side, and the
<br />revenues do not include the fund balance, which can be used to balance the budget.
<br />Pre-Covid
<br />Projections
<br />Post-Covid
<br />Projections
<br />$
<br />Difference
<br />PROPERTY & PERSONAL PROPERTY TAX
<br />Tax Rate Increase 1.63 0 (3,123,224)$
<br />Collection Rate Adjustment - Property Tax (Real/Personal)99.2%98.7%(781,147)$
<br />Collection Rate Adjustment - Motor Vehicles 99.9%99.4%(142,485)$
<br />SALES TAX
<br />*Sales Tax Growth +5% -4.5% -9% (2,814,151)$
<br />TOTAL (6,861,007)$
<br />*Sales Tax projections includes Articles 39, 40 and 42
<br />REVENUE
<br />FY19-20
<br />Adopted
<br />Budget
<br />Pre-Covid
<br />Projections
<br />Post-Covid
<br />Projections
<br />$
<br />Difference
<br />%
<br />Difference
<br />Real/Personal Property 152,142,471$ 157,890,346$ 154,198,531$ (3,691,815)$ -2.34%
<br />Motor Vehicles 10,770,627$ 11,530,157$ 11,175,116$ (355,041)$ -3.08%
<br />*Other 2,240,833$ 2,323,992$ 2,323,992$ -$ 0.00%
<br />Sales Tax 25,372,861$ 26,641,504$ 23,827,353$ (2,814,151)$ -10.56%
<br />Licenses and Permits 313,260$ 289,000$ 274,550$ (14,450)$ -5.00%
<br />Investment Earnings 415,000$ 1,158,576$ 515,000$ (643,576)$ -55.55%
<br />**Miscellaneous 3,040,769$ 2,892,817$ 2,642,817$ (250,000)$ -8.64%
<br />Charges for Services 12,704,833$ 13,275,581$ 12,724,996$ (550,585)$ -4.15%
<br />Intergovernmental 18,278,612$ 17,977,289$ 17,977,289$ -$ 0.00%
<br />TOTAL 225,279,266$ 233,979,262$ 225,659,644$ (8,319,618)$ -3.56%
<br />* Other = Delinquent Taxes, Interest on Delinquent, Beer & Wine Excise Taxes, Animal Taxes etc.
<br />**Miscellaneous = Hold Harmless Article 44, Donations, Rent Income, Sale of Surplus Assets etc.
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