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SHERIDAN COUNTY FY 2016-17 BUDGET Budget Message FY 2016-17

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SHERIDAN COUNTY FY 2016-17 BUDGET Budget Message FY 2016-17 SHERIDAN COUNTY FY 2016-17 BUDGET Budget Message FY 2016-17 The Board of County Commissioners developed the FY17 Budget with the following assumptions: there would be an expectation of FY17 PILT and SRS funding; state and local revenues would be in decline; some employee benefit costs would increase; employee wage compensation would not increase, staff levels would remain the same as FY 16; no carryover cash or reserves would be utilized to balance the budget; and County services would continue to be provided at a high level of quality. These assumptions are addressed in the budget as proposed. FEDERAL FUNDING Federal funds, PILT (payment in lieu of taxes) and SRS (Secure Rural Schools), were budgeted at the levels realized by actual distribution over the prior fiscal year at about $900,000 and $160,000 respectively. STATE FUNDING Direct Distribution revenues from the State were increased $710,000 over the biennial appropriation as a result of the legislature adopting the “Madden Formula of distribution. This funding can be used for general county operations, but not for employee salaries and benefits, or additional employees. For the first year of the biennium the distribution is $1,215,000, up from $935,000 in FY16. The second year biennium distribution may be adjusted by the legislature depending on the status of state revenues. LOCAL FUNDING Local revenue decreased as the overall county valuation fell by 4.9% from the previous year and stands at $401,749,408. State assessed properties decreased in value by 53.3% or $34 million. County assessed properties grew in value by 3.6% or about $13.1 million. Sales tax collections decreased about 3.7% from the previous year and the assumption is that those collections will continue to decline in FY17. EMPLOYEE BENEFITS Wyoming Retirement, a major area of employee benefits will see a shift in contribution for FY 17. The FY17 employee contribution will increase 2%. The following table demonstrates the contribution levels. County Contribution Employee Contribution Total Regular Plan FY16 12% 4.62% 16.62% Regular Plan FY17 10% 6.62% 16.62% Law Enforcement FY16 11.9% 5.3% 17.20% Law Enforcement FY17 10% 7.20% 17.20% Other benefit costs of health, dental, and life insurance will not increase. Employees will continue to contribute either 18% or 20% of the health benefit premium, depending on whether they choose to participate in the County wellness program. STAFF LEVELS AND COMPENSATION There are no changes in staff levels or increases in employee compensation for FY 17. Total budgeted salary, wage and benefit compensation for FY17 will be $9 million with benefits at $2.6 million, salary & wage compensation at $6.4 million or about 62% of the general fund budget. CARRYOVER AND RESERVES The FY 17 budget was balanced without contribution of carryover cash or reserves. Approximately $1,280,000 from unexpended funds and unanticipated revenues will be added to reserves. General county reserves will be $6.9 million for FY 17. CAPITAL PROJECTS Capital projects were as follows for FY 16; Fairgrounds parking lot improvements, Sheriff Office/Detention Center facility upgrades, County Campus-Juvenile Justice facility upgrades, and a variety of road projects. The vast majority of funding for capital projects was from grant funding. Capital projects for FY 17 are as follows; Continuation of Fairgrounds parking lot improvements; continuation of Sheriff Office/Detention Center facility upgrades; variety of road projects. COMPONENT UNIT FUNDING County funding for FY17 includes the Library ($1,052,000), Fairgrounds ($318,500), Airport ($205,500) and Hospital ($120,000). Sheridan County has reduced its budget significantly since the down-turn of the economy. FY 17 was reduced another 3.6% from the prior fiscal year. Through it all, County employees have found ways to do more with less, while maintaining a high level of customer service. Working together, Sheridan County will continue to provide the most effective and efficient service possible at the lowest possible cost. Bob Rolston, Chairman ADOPTED BUDGET FY 2016-17 GENERAL FUND: OFFICE/DEPT. CASH REVENUES EXPENDITURES CASH CARRY-OVER, RESERVES GENERAL FUND REVENUE COUNTY COMMISSIONERS 289,647 COUNTY CLERK 503,000 650,646 ELECTIONS 115,000 276,245 ADMINISTRATION 209,131 TREASURER 47,025 412,482 ASSESSOR 100 551,030 SHERIFF 153,000 1,914,533 DETENTION 2,586,563 ATTORNEY 190,000 862,029 PUB WORKS 314,500 712,152 ROAD & BRIDGE 913,273 CORONER 155,535 EXTENSION 100 108,974 CLERK OF DISTRICT COURT 68,000 465,747 EMERGENCY MANAGEMENT 48,192 BUILDING AND MAINTENANCE 346,326 INFORMATION TECHNOLOGY 592,985 PUBLIC HEALTH 162,000 411,291 GENERAL/FIXED COSTS 13,152,195 2,376,525 CAPITAL FUNDING 821,615 TOTAL $0 $14,704,920 14,704,920 SPECIAL FUNDS: DEPT/FUND CASH REVENUES EXPENDITURES E-911 283,412 261,000 495,962 WIC 15,535 15,535 1% OPTIONAL TAX 1,695,760 1,695,760 SCRF (COUNTY ROAD FUND) 1,367,972 500,000 327,000 CAPITAL ROAD PROJECTS 218,432 2,851,278 2,910,304 CAPITAL ROAD GRANTS 793,281 970,278 SHERIDAN COUNTY GRANTS $1,014,889 $656,641 HEALTH BENEFIT PLAN $1,999,652 $2,102,800 $1,918,500 RESERVES/EQUITY: DEPT/FUND CASH GENERAL FUND RESERVES $6,921,700 RESTRICTED EQUITY/RESERVES $1,057,843 SHERIDAN COUNTY RESERVES FY 2016-17 SHERIDAN COUNTY Reserves as of July 1, 2016 COUNTY RESERVES/GENERAL FUND Emergency Reserve $480,000 This reserve represents BOCC reserves of One Cent Optional collections appropriated for possible future catastrophic needs of the County. Law Enforcement/Detention Center Reserve $850,000 This represents One Cent Optional Tax collected and General Fund appropriationsfor future use towards improvements and other expenditures for the Detention Center and Law Enforcement. Economic Development Reserve $1,415,000 This represents One Cent Optional Tax collected and appropriated for futures use towards significant economical projects deemed worthy to expand the economic activity and to benefit Sheridan County as a whole. Road & Bridge Reserve $200,000 This represents One Cent Optional Tax collected for future maintenance on the road and bridge shop. Law Enforcement Center Reimbursement Payment $110,000 This amount is appropriated to account for the yearly installments to Rural Development for the construction and Remodel of the Detention Center. Health Insurance Claims Reserve $300,000 This represents general county funds set aside from general county equity carried forward in the budget process, which protects for cash outflows should any health insurance claim(s) or costs exceed those anticipated. Abandoned Vehicles Reserve $10,000 To recognize State Statute W.S. 31-13-101, requiring an amount to be set aside with a maximum limit. Courthouse Maintenance Reserve $1,000,000 This is an amount set aside to pay for future upkeep of County facilities and grounds. Unknown Legal/Insurance Reserve $100,000 This is an amount reserved by the BOCC for possible legal claims as a self-funded type "insurance earmarking". This is discretionary by the BOCC and generally set each fiscal year in a rough estimate for possible unknown or suspected possible claims. Equipment/Depreciation Reserve $125,000 This represents discretionary BOCC reserved amounts for financial needs to finance equipment improvements and replacements County Reserve $2,081,700 This amount should reflects the amount necessary to fund any variances in cash flows during the year (timing of expenses exceeding revenue during interim periods). Information & Technology Reserve $250,000 This amount reflects the amount necessary to fund the increasing need for IT equipment. TOTAL COUNTY RESERVES $6,921,700 OTHER RESERVES/EQUITY Landfill Closure Reserve $360,000 This amount represents funds committed to the City of Sheridan for future anticipated costs of landfill closure. The source was the Resolutions of One Cent Optional Sales tax funds. Fire District Loan Fund $153,360 These funds were set aside to be used in the future solely to loan fire districts sufficient monies to purchase fire safety equipment. These loans do not generate any interest for the County. Fire District Suppression Fund $221,847 These funds represent reserves of One Cent Optional collections appropriated for possible future needs in the event of a large County fire. E-911 Reserve $283,412 These funds represent reserves of the .75 cents collected on Sheridan County resident phone lines. Funds are restricted and can only be used for the E-911 dispatch operations at the Law Enforcement Center. Business Incubator Reserve $39,224 This represents rent revenues collected from the Business Incubator and appropriated for future use towards maintenance and improvements of the building. Conservation Reserve $0 This amount reflects funding set aside for conservation projects throught 1% optional tax funding. TOTAL OTHER RESERVES $1,057,843 SHERIDAN COUNTY FY 2016-17 REVENUES FY 2016-17 GENERAL FUND REVENUE SUMMARY Federal $ 1,060,000.00 7.21% State $ 4,813,000.00 32.73% Local $ 5,955,000.00 40.50% Licenses & Permits$ 232,025.00 1.58% Rent/Interest/Fines$ 93,950.00 0.64% Charges for Services$ 1,284,700.00 8.74% Miscellaneous $ 1,266,245.00 8.61% Total $ 14,704,920.00 100.00% Miscellaneous, 9% Federal, 7% Rent/Interest/Fines, 1% Charges for Services, 9% Licenses & Federal Permits, 1% State State, 33% Local Licenses & Permits Rent/Interest/Fines Charges for Services Miscellaneous Local, 40% GENERAL FUND REVENUES FY 2016-17 FY 2014-15 FY 2014-15 FY 2015-16 FY 2015-16 FY 2016-17 BUDGET BUDGET BUDGET BUDGET BUDGET ADOPTED ACTUAL ADOPTED ACTUAL
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