A Look to the Future - Revenue, Expenses, and Funds
In this report, we delve into the breakdown of revenue, expenses, debt service, and the balance of the General Fund over time. Explore how planned and actual figures compare, along with the financial goals and challenges faced. The visual representations provide insights into the financial health and management of the organization.
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Presentation Transcript
Where we are and Where we are Going A Look to the Future
How is the Revenue Divided? Total Revenue w/o Reserves $16,437,201 Debt 5.2% Paid First Precincts 22.51% General Fund 72.29% Based on 2019-2020 Budget
Definitions Budgeted Revenue & Expenses = Planned Revenue and Expenses for a budget year. Not Real cash money ! Actual Revenue & Actual Expenses = Reality of the Revenue Stream for a budget year and is Real cash money . Balance Budget = Both Planned (Budgeted) and Actual (Reality) Expenses must never be larger than Revenue
Planned Budgeted Expenses are Greater than Planned Budgeted Revenue since 2011 $16,000,000.00 $14,000,000.00 $12,000,000.00 $10,000,000.00 $8,000,000.00 $6,000,000.00 $4,000,000.00 $2,000,000.00 $- 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Budget Revenue Budget Expense *2019-2022 projected estimates
Actual Expenses and Revenue Stream Expenses often exceed Revenue $16,000,000.00 $14,000,000.00 $12,000,000.00 $10,000,000.00 $8,000,000.00 $6,000,000.00 $4,000,000.00 $2,000,000.00 $- 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Revenue Expenses *2019-2022 projected estimates
Debt Service What did county receive for this debt? Answer $12.5 million $1,000,000.00 $1,000,000.00 $900,000.00 $900,000.00 $800,000.00 $800,000.00 $700,000.00 $700,000.00 $600,000.00 $600,000.00 $500,000.00 $500,000.00 $400,000.00 $400,000.00 $300,000.00 $300,000.00 $200,000.00 $200,000.00 $100,000.00 $100,000.00 $- 2018 2019 2020 2021 $- 2018 2019 2020 2021 Budgeted Revenue Actual Revenue Actual Expenses Budgeted Expenses Budgeted Revenue= Taxes & Interest Budget Expenses= Principle + Interest+ Fiscal Charges
How much money needs to be in the General Fund for Emergencies? Based on 2018 Actual Expenses for one year =$11,317,649 Current General Fund Balance as of September 30, 2018 $4,955,961 Goal is the balance of the General Fund should be at least 20% - 30% of total actual Expenses for any given year
Balance of General Fund decreasing over time 2018 = $4,955,961 2019 = $4,355,961 2020 = $3,550,166 2021 = $3,079,785 Note: General Fund Reserves are being utilized to pay Actual expenses over and above the Actual revenue leading to a depletion of funds
Total Frozen Taxable Home Value Increasing Graph by Mike Jones
Summary Balance Budget = Expenses must never be larger than Revenue
