Minutes 05-21-2020 Virtual Budget Work Session

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12 General Government • Register of Deeds — page 327 • Total expenditure budget - $1,093,958 — Net County Costs Decreased by $347,063 — Remains a Net General Fund Contributor- $1,163,755 • Revenue Increase - $425,000 — Excise Stamps and Register of Deeds Fees-chart — Recommended Increase Moderated from ROD Request by 5% General Government • Tax Administration — page 361 Nancy Freeman was in attendance • Total expenditure budget - $3,895,052 — Net County Cost Increase of$71,600 over FY2019-20 • Collection Rates Decreased for FY2020-21 — Real and Personal Property— (0.5%) — Motor Vehicles — (0.5%) • COVID-19 and the 2021 Revaluation — Field Work is Ongoing but Slightly Behind Schedule — Ongoing Review of Sales Data — Final Assessed Values Established in January 2021 Bonnie Hammersley referred to the Arts Commission, and said the revised budget is used as the base budget, and that is where the $13,000 came in. She said there was a drop in revenue from the revised budget to the recommended budget, which was about $8000. She said when revenues drop, there is an increase in the County's costs. Travis Myren resumed the PowerPoint presentation: General Government • Sales Tax Collections — Projected COVID-19 Impact for Last Three Months of FY2019-20 — ($1.68 million) — Projected 12 Month Collections for FY2020-21 Down 4.5% from FY2019-20 Budget and 10% from Previous Projections General Government • Tax Administration —Tax Base History (chart) General Government • Assessed Home Value by Tax Jurisdiction (chart) — Based on 2018 Revaluation General Government • Tax Administration - Tax Rate History (chart) General Government • Emergency Measures Used to Delay Tax Rate Increase (chart) • Many One Time or Unsustainable