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Agenda - 10-21-2002 - 3
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Agenda - 10-21-2002 - 3
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Last modified
8/7/2017 11:00:14 AM
Creation date
8/29/2008 11:12:23 AM
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BOCC
Date
10/21/2002
Meeting Type
Work Session
Document Type
Agenda
Agenda Item
3
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Minutes - 20021021
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\Board of County Commissioners\Minutes - Approved\2000's\2002
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Adjustments to the Manager's Recommended 2002-03 Budget - <br /> On June 27, 2002, the Board of County Commissioners approved the annual operating budget for the 2002-03 fiscal <br /> year. The budget adoption followed several budget work sessions where the Board adjusted the Manager's <br /> recommendations. The information below summarizes changes made by the Board. <br /> Revenues Increase Decrease <br /> Manager's Recommended Revenue Budget $122,850,400 <br /> Reduction of State reimbursements $3,070,363 <br /> Decrease Recommended Property Tax Increase by 2 cents(from 4.5 $1,853,600 <br /> increase to 2.5'increase making approved tax rate 83 cents[an increase <br /> of 2.5 cents over the 2001-02 rate <br /> Appropriated Fund Balance $216,063 <br /> Reduce funding allocation for the following Capital Projects appropriated in prior fiscal y ears: <br /> Equipment and Vehicles $100,000 <br /> Equipment Storage $139,150 <br /> Firearms Training $125,000 <br /> Justice Facility $295,000 <br /> Recreation&Parks Improvements $75,000 <br /> Utility Extension Development $165,000 <br /> Loan Pool Reserve $75,000 <br /> Orange Enterprises $10,500 <br /> Whitted Human Services Center $60,000 <br /> Total Revenue Changes $1,260,713 $4,923,963 <br /> Revised Revenue Budget 119,187,150 <br /> Expenditures Increase Decrease <br /> Manager's Recommended Expenditure Budget 1 $122,850,400 <br /> Increase funding for Social Safety Net $190,000 <br /> 6 Month Hiring Freeze $740,000 <br /> Defer contribution to School/Park Reserve $308,000 <br /> Decrease contribution to Affordable Housing Initiative $190,000 <br /> Delay County contribution to School Capital` $924,000 <br /> Delay purchase of County vehicles and computer equipment storage $811,250 <br /> Reduce funding allocation for the following Capital Projects recommended in FY 2002-03: <br /> Information Technology $160,000 <br /> Lands Legacy Project $200,000 <br /> NHSC $85,000 <br /> Orange Enterprises $15,000 <br /> Senior Centers $150,000 <br /> Southern Human Services $170,000 <br /> Whiffed Human Services Center $100,000 <br /> Total Expenditure Changes $190,000 $3,853,250 <br /> Revised Expenditure Budget $119,187,150 <br /> Note:In anticipation of the loss of state revenues,the Board reduced the school recurring capital by$924,000. <br />
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