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January 21 2015 Minutes of Budget Work Session with Finance Comi 16 9 A Budget Work Session of the Frederick County Board of Supervisors and Finance Committee was held on Wednesday, January 21, 2015 at 8;22 A.M., in the Board of Supervisors' Meeting Room, 107 North Kent Street, Winchester, Virginia. PRESENT Chairman Richard C. Shickle; Vice - Chairman Charles S. DeHaven, Jr.; Robert A. Hess; and Robert W. Wells. ABSENT Christopher E. Collins; Gene E. Fisher; and Gary A. Lofton. OTHERS PRESENT Finance Committee members Angela Rudolph, and Judith McCann - Slaughter; John R. Riley, Jr., County Administrator; Kris C. Tierney, Assistant County Administrator; Jay E. Tibbs, Deputy County Administrator; Commissioner of the Revenue Ellen Murphy; Treasurer C. William Orndoff, Jr.; Finance Director Cheryl B. Shiffler; Assistant Finance Director Sharon Kibler; Budget Analyst Jennifer Place; Fire Chief Dennis Linaburg; Superintendent of Schools David Sovine; School Board members Dr. John Lamanna and Ben Waterman; and Executive Director of Finance for Frederick County Public Schools Lisa Frye. CALL TO ORDER Chairman Shickle called the work session to order. Finance Director Cheryl Shiffler reviewed the information presented in the Board's agenda packet. She advised the County could expect to receive $8.8 million in general fund revenue from local taxes; however, expenditure requests for FY 16 total $16.5 million to include capital requests and new positions. Finance Director Shiffler noted the funding for positions approved for Social Services and Fire and Rescue, which were done outside of the budget process, along with the salary survey, would need to be taken out of the additional new revenue. This expense was approximately $1 million. She then reviewed the preliminary funding scenarios for FYI 6: - Scenario A — reflects current level of fund balance funding, zero tax increase, and includes $8.8 million in new revenue. - Scenario B — Same as scenario A, except utilizing only $2.2 million in fund balance funding instead of $4.3 million. - Scenario C — reflected no funding from fund balance and no tax increase. Minute Book Number 40 Board of Supervisors Budget Work Session with Finance Committee on 01/21/15 170 Scenario D — reflects current level of fund balance funding ($4.3 million) and a reassessment increase equivalent to $0.03 or 5 %. Scenario E — reflects current level of fund balance funding ($4.3 million) and a reassessment increase equivalent to $0.06 or 10 %. Finance Director Shiffler added that $0.01 on the tax rate equated to approximately $738,000. The next budget work session will be held on Wednesday, January 28, 2015 at 5:30 P.M. with the Frederick County School Board. There being no further discussion, the work session was adjourned at 8:30 A.M. Richard C. Shickle Joh Chairman, Board of Supervisors Cle , Board of Supervisors Minutes Prepared By: Jay E. i s Deputy Clerk, Board of Supervisors Minute Book Number 40 Board of Supervisors Budget Work Session with Finance Committee on 01/21/15