March 3 2021 Board_Budget_Work_Session_Agenda I
BUDGET WORK SESSION AGENDA
BOARD OF SUPERVISORS
WEDNESDAY, MARCH 3, 2021
5:30 PM
BOARD MEETING ROOM
107 NORTH KENT STREET, WINCHESTER, VIRGINIA 22601
1. Call to Order
2. Information requested/discussed at February 24, 2021 work session:
A. School Budget Discussions
B. Commissioner of the Revenue — Meals Tax implementation
C. Overview of:
➢ Original Scenarios
➢ Amended Scenarios
➢ New Scenario Al
D. Direction needed for Budget Advertisement
3. Adjourn
ORIGINAL SCENARIOS A-B-C-D
Scenario A-Revene Neutral RE Tax Rate Scenario B-Revenue Neutral RE Tax Rate Scenario C-Current Tax Rate(61 Cents) Scenario D-Current Tax Rate(61 Cents)
No Revenue Growth Split 57/43 Revenue Growth Split No Revenue Growth or Reassessment Split 57/43 Revenue Growth or Reassessment Split
FY 21 Operating Revenue $197,322,231 FY 21 Operating Revenue $197,322,231 FY 21 Operating Revenue $197,322,231 FY 21 Operating Revenue $197,322,231
FY 22 Revenue Growth $3,700,000 FY 22 Revenue Growth $3,700,000 FY 22 Revenue Growth $3,700,000 FY 22 Revenue Growth $3,700,000
FY 22 Program Specific Revenue $1,000,000 FY 22 Program Specific Revenue $1,000,000 FY 22 Program Specific Revenue $1,000,000 FY 22 Program Specific Revenue $1,000,000
FY 22 General Fund Revenue $202,022,231 FY 22 General Fund Revenue $202,022,231 FY 22 Reassessment Revenue $5,500,000 FY 22 Reassessment Revenue $5,500,000
FY 22 Revenue Sharing with Schools $2,109,000 $207,522,231 FY 22 Revenue Sharing with Schools -$2,109,000
FY 22 General Fund Net Revenue $199,913,231 FY 22 Reassessment Sharing with Schools -$3,135,00
$202,278,231
FY 22 General Fund Operating Requests $206,546,646 FY 22 General Fund Operating Requests $206,546,646 FY 22 General Fund Operating Requests $206,546,646 FY 22 General Fund Operating Requests $206,546,646
FY 22 General Fund Operating Reductions $4,524,415 FY 22 General Fund Operating Reductions $6,633,415 FY 22 General Fund Operating Reductions -$1,500,000 FY 22 General Fund Operating Reductions $4,268,415
$202,022,231 $199,913,231 FY 22 General Fund Positions $1,000,000 $202,278,231
FY 22 Contingency/Salary Survey Funding $1,475,585
$207,522,231
What is Funded in General Fund What is Funded in General Fund What is Funded in General Fund What is Funded in General Fund
COLA-2.5% $1,600,000 No Salary Increases COLA/Merit-5% $3,200,000 COLA-2.5% $1,600,000
Contingency $100,000 No Contingency Contingency $100,000 Contingency $100,000
Health insurance renewal 15%.Plan changes Health insurance renewal 15%.Plan changes Health insurance renewal 15%.Plan changes Health insurance renewal 15%.Plan changes
allow for 10%increase $1,000,000 allow for 5%increase $500,000 allow for 10%increase $1,000,000 allow for 10%increase $1,000,000
Additional Funding to Schools in FY 22 $0 Additional Funding to Schools in FY 22 $2,109,000 Additional Funding to Schools in FY 22 $0 Additional Funding to Schools in FY 22 $5,244,000
No New Positions No New Positions New Positions No New Positions
4 Firefighter/EMT
6 Sheriff positions
No Captial Funded in Operating Budget No Captial Funded in Operating Budget No Captial Funded in Operating Budget No Captial Funded in Operating Budget
$2.75 m Windfall from Reassessment-could possibly be used $2.75 m Windfall from Reassessment-could possibly be used
No Windfall from Reassessment No Windfall from Reassessment for capital purchases for capital purchases
3/2/20212:51 PM
AMENDED SCENARIOS D1-D2-A1
Scenario D1-Current Tax Rate(61 Cents) Scenario D2-Current Tax Rate(61cents)Plus 2%Meals Tax Midyear Scenario A1-Revene Neutral RE Tax Rate
50/50 Split on Growth and Reassessment 50/50 Split on All local Revenue Sources 2%Meals Tax(7.01.21 Effective);No Revenue Growth Split
FY 21 Operating Revenue $197,322,231 FY 21 Operating Revenue $197,322,231 FY 21 Operating Revenue $197,322,231
FY 22 Revenue Growth $3,700,000 FY 22 Revenue Growth $3,700,000 FY 22 Revenue Growth $3,700,000
FY 22 Program Specific Revenue $1,000,000 FY 22 Program Specific Revenue $1,000,000 FY 22 Program Specific Revenue $1,000,000
FY 22 Reassessment Revenue $5,500,000 FY 22 Reassessment Revenue $5,500,000 FY 22 General Fund Revenue $202,022,231
FY 22 Revenue Sharing with Schools -$1,850,000 FY 22 Revenue Sharing with Schools -$1,850,000
FY 22 Reassessment Sharing with Schools -$2,750,000 FY 22 Reassessment Sharing with Schools -$2,750,000 FY 22 Meals Tax(7.1.21 effective date) $2,600,000
$202,922,231 $202,922,231 $204,622,231
FY 22 Meals Tax-2%-1.01.22 $1,300,000
FY 22 Revenue Meals Tax Sharing with Schools -$650,000
$203,572,231
FY 22 General Fund Operating Requests $206,546,646 FY 22 General Fund Operating Requests $206,546,646 FY 22 General Fund Operating Requests $206,546,646
FY 22 General Fund Operating Reductions $3,624,415 FY 22 General Fund Operating Reductions $3,265,421 FY 22 General Fund Operating Reductions $4,524,415
$202,922,231 $203,281,225 $202,022,231
2 Sheriff position add-ons $291,006
$203,572,231 Changes from Original Scenario A
Add-back Two firefighters on Reduction List $142,912
Fund Motor Vehicle Insurance-Fire Companies $151,506
Restore/Increase Contingency $400,000
Reduce Health Insurance Increase -$500,000
Fund 4 Firefighters at 91k each $364,000
Reserve-Fire Engines $182,000
Add additional 1%to salary increase $644,000
Unallocated $1,215,582
$204,622,231
What is Funded in General Fund What is in the General Fund What is Funded in General Fund
COLA/Merit-4.5% $2,880,000 COLA/Merit-5% $3,200,000 COLA/Merit-3.5% $2,254,000
Contingency $0 Contingency $0 Contingency $500,000
Health Reinsurance Costs Increase $500,000 Health Reinsurance Costs Increase $500,000 Health insurance Increase $500,000
Additional Funding to Schools in FY 22 $4,600,000 Additional Funding to Schools in FY 22 $5,250,000 Additional Funding to Schools in FY 22 $0
No New Positions 2 Deputy Patrol positions in Sheriff's Dept. $291,006 Funds Four New Firefighters $364,000
No Capital Funded No Capital Funded No Capital Funded
$2.75 m Windfall from Reassessment-could possibly be used $2.75 m Windfall from Reassessment-could possibly be used No Windfall from Reassessment
for capital purchases for capital purchases
3/2/20212:47 PM