County Budget Forecast Update and Presentations for 2024-2025 Biennium
The Office of the County Commissioners provided a detailed forecast update and schedule for budget presentations covering various departments for the 2024-2025 biennium. The projections, variance, and expenditures for the General Fund in 2023 were also outlined, reflecting the financial outlook for the upcoming fiscal period.
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2024 2024 - -2025 Biennium Budget 2025 Biennium Budget Forecast Update Forecast Update Board of County Commissioners Briefing October 2, 2023 Office of the County Commissioners 2024-2025 Biennium Budget Forecast Update 10/02/2023 1
2024 2024- -2025 Biennium Budget Presentations 2025 Biennium Budget Presentations Week of October 2 Week of October 2nd nd Schedule Schedule Monday, October 2, 2023; 10:00 am Overview and Forecast Update Human Resources Central Services Information Technology Wednesday, October 4, 2023; 9:00 am Commissioner s Office Non-Departmental Other Funds Regional Housing Council Office of the County Commissioners 2024-2025 Biennium Budget Forecast Update 10/02/2023 2
2024 2024- -2025 Biennium Budget Presentations 2025 Biennium Budget Presentations Week of October 2 Week of October 2nd Thursday, October 5, 2023; 9:00 am Coroner Sherriff Public Defense Pretrial Services Thurston County Alternative Program Friday, October 6, 2023; 9:00 am Auditor s Office Treasurer s Office Assessor s Office District Court Superior Court Juvenile Court nd Schedule Schedule Office of the County Commissioners 2024-2025 Biennium Budget Forecast Update 10/02/2023 3
GENERAL FUND GENERAL FUND 2023 YEAR END PROJECTION 2023 YEAR END PROJECTION Office of the County Commissioners 2024-2025 Biennium Budget Forecast Update 10/02/2023 4
GENERAL FUND GENERAL FUND 2023 YEAR END PROJECTION 2023 YEAR END PROJECTION Variance ( $ ) ( % ) Budget Expenditure 01 Assessor's Office 5,277,615 5,006,329 271,286 5.14% 02 Auditor's Office 8,872,893 8,370,174 502,719 5.67% 05 Clerk 5,332,971 4,722,069 610,902 11.46% 03 Commissioner's Office 3,616,840 3,395,188 221,652 6.13% 27 Community Planning & Econ Dev 1,541,503 1,414,793 126,710 8.22% 12 Coroner's Office 2,223,884 2,156,927 66,957 3.01% 07 District Court 4,507,347 4,155,534 351,813 7.81% 29 Emergency Svs 2,287,320 2,239,922 47,398 2.07% 22 Human Resources 2,396,057 2,126,300 269,757 11.26% 08 Juvenile Court 7,801,272 7,325,818 475,454 6.09% 23 Non-Departmental 6,939,873 6,517,928 421,945 6.08% 36 Planning 2,590,093 2,465,601 124,492 4.81% 37 Pre-Trial Services 1,007,855 936,263 71,592 7.10% 09 Prosecuting Attorney 11,669,039 11,193,365 475,674 4.08% Office of the County Commissioners 2024-2025 Biennium Budget Forecast Update 10/02/2023 5
GENERAL FUND GENERAL FUND 2023 YEAR END PROJECTION 2023 YEAR END PROJECTION Variance ( $ ) ( % ) Budget Expenditure 24 Public Defense 8,576,696 8,191,535 385,161 4.49% 40 Public Health 87,203 47,834 39,369 45.15% 34 Public Works 970,489 814,862 155,627 16.04% 10 Sheriff - Law 26,315,773 26,226,766 89,007 0.34% 11 Sheriff - Corrections 19,707,781 19,119,089 588,692 2.99% 41 Social Services 24,567 4,892 19,675 80.09% 06 Superior Court 8,397,406 7,977,405 420,001 5.00% 04 Treasurer's Office 1,498,634 1,495,349 3,285 0.22% Total Expenditures 131,643,111 125,903,943 5,739,168 4.36% Office of the County Commissioners 2024-2025 Biennium Budget Forecast Update 10/02/2023 6
SALES TAX SALES TAX Office of the County Commissioners 2024-2025 Biennium Budget Forecast Update 10/02/2023 7
Sales Tax Revenues Sales Tax Revenues 2008 to 2023 2008 to 2023 Compared to September 2022, Year-over-Year growth was 4.49% Year-over-Year growth for 2023 is approximately 2.49% Office of the County Commissioners 2024-2025 Biennium Budget Forecast Update 10/02/2023 8
County Sales Tax Growth Rates County Sales Tax Growth Rates 2008 to 2023 2008 to 2023 September sales tax revenue total $2,330,875.02 September sales tax is earned during the month of July Office of the County Commissioners 2024-2025 Biennium Budget Forecast Update 10/02/2023 9
PROPERTY TAX PROPERTY TAX Office of the County Commissioners 2024-2025 Biennium Budget Forecast Update 10/02/2023 10
Property Tax Calculation Property Tax Calculation Levy Increase Last Year s Highest Lawful Levy (excludes refunds) $ 44,937,920 Multiply by one percent $ 449,379 New Construction Value of new construction $ 915,695,807 Multiply by last year s levy rate 0. 7888 $ 722,337 State Assessed Property Growth in value of $ - Multiply by last year s levy rate 0. 7888 $ - Highest Lawful Levy $ 46,109,636 Refund Levy Amounts $ - Property Tax Levy $ 46,109,636 Add Road Levy Shift $2,000,000 $ 48,109,636 Calculate the levy rate: Divide Highest Lawful Levy by Assessed Value $60,166,497,306 = .7996 $1 per thousand Office of the County Commissioners 2024-2025 Biennium Budget Forecast Update 10/02/2023 11
Property Tax Levy Property Tax Levy General Fund Historical General Fund Historical Office of the County Commissioners 2024-2025 Biennium Budget Forecast Update 10/02/2023 12
GENERAL FUND FORECAST GENERAL FUND FORECAST Office of the County Commissioners 2024-2025 Biennium Budget Forecast Update 10/02/2023 13
WHAT TO EXPECT IN THE WHAT TO EXPECT IN THE COMING MONTHS COMING MONTHS Office of the County Commissioners 2024-2025 Biennium Budget Forecast Update 10/02/2023 14
Budget Work Sessions and Budget Work Sessions and Adoption Schedule Adoption Schedule Date Activity / Action October 2 - 13 Board Work Sessions: Budget Presentations October 23 - 27 Board Work Sessions: Decisions October 27 Board Preliminary 2 Decisions November 20 Publish BoCC Preliminary 2 Budget December 4 - 5 Public Hearings December 6 - 7 Board Final Deliberations December 12 Property Tax Levy Certification December 15 Budget Adoption Office of the County Commissioners 2024-2025 Biennium Budget Forecast Update 10/02/2023 15
Thank you! For questions, contact: Nicole Martinez, Budget and Fiscal Manager 360-786-5130 Nicole.Martinez@co.thurston.wa.us Robin Campbell, Assistant County Manager 360-790-3063 Robin.Campbell@co.thurston.wa.us Office of the County Commissioners 2024-2025 Biennium Budget Forecast Update 10/02/2023 16
