Meeting of April 19, 2023

okay I'd like to call this uh welcome everybody to the budget work session for the 23-24 budget uh and I'd like to begin commissioner Connor if you'd lead us with a prayer and pledge much if everyone could uh join me in silence as we pray that we as we do the people's work dear Lord God on this day that the hard decisions hopefully are done for the right reasons for the right purpose that each one of us at Fiscal Court and staff and those people that are even out in the fields doing those works are blessed that you touch their minds you touch their hearts As We Serve the People humbly every day I ask this in your name amen and the pledge of the United States of America it's one nation under God indivisible with liberty and justice for all right yeah thank you commissioner at this time I'm going to turn this over to uh our Treasurer Jordan Johnson and

if you'd lead us through this please yes judge I will be going through your packets in the order uh they were submitted we will start with the budget highlights for fiscal year 23-24 beginning with the general fund the general fund revenues are expected to remain steady with a projected increase in property taxes of three hundred thousand any adjustments to revenues have been increased or decreased in accordance with historical trending activity the decrease in pension costs for the general fund uh total impact including subsidies to other operating funds is approximately four hundred and fifty thousand dollars and as because the retirement contribution rates actually decrease this year the Sheriff's Office subsidy is 3.7 million the budgeted fund transfer to the road fund is 2.83 million which is down from 3.48 last fiscal year and the budgeted fund transfer to the jail fund is 3.82 million which is up from 3.78 million from the last fiscal year for the road fund the state reimbursable project amount for flakes Bridge funds and other is 1.02 million which is up

from 430 000 from the prior year for the Indian Hill Road structure Griffith Station Road and resurfacing list projects asphalting from the road and LGA funds this year total 1.28 million which is down from 1.85 million from the prior year in regards to the LGA fund we are no longer classified as a co-producing county and instead we are now only co-impact and LGA funding is expected to decrease by approximately five hundred thousand dollars because of this a coal impact County must expend 100 percent of funds in transportation categories meaning the anticipated 135 thousand dollars of projected income must be spent entirely on the maintenance of Roads for the jail fund revenues from the housing of State prisoners are budgeted at 3.5 million based on the increase in the State per diem and historical trending activity federal prisoner revenues expected to increase by about four hundred thousand for a total budget of two million and it should be noted this does not reflect any expectations from our current negotiations with the United States Marshals for the per diem rate that we are doing with Sumrall the budget fund transfer from the

general fund as stated before is 3.82 million which is up from the prior fiscal year Economic Development Fund the court has awarded funds to several projects since the Inception of this fund and will continue to provide the funding for fiscal year 2324 for the solid waste fund revenues are projected to remain constant and expenses are being managed to allow this fund to continue operating as an Enterprise fund which generates its own operating revenue and pays all expenses with no assistance or interference from other funds gate rates were adjusted on November 1st of 2011 and revenues are still occurring at expected levels in terms of budget threats the following items could have significant negative impacts on the proposed budget's financial performance unstable Fuel and energy prices inflation and supply chain issues lower than expected Solid Waste revenues and any reductions in state funding the assumptions used to compile the budget is a cola of 6.5 percent as far as Retirement contribution rates non-hazardous decrease from 26.79 to 23.34 and hazardous decrease

from 49.59 to 43.69 percent the currently adopted taxes and tax rates are assumed to be held constant with a property tax rate of 13 cents per 100 and occupational tax rate of one percent and insurance premium tax rate of 4.9 percent are there any questions on that summary letter I know you've you've got the retirement percentages for the Hazardous and non-hazardous I know that's for the coming fiscal year do we anticipate that those would Hold Steady going forward or that they would probably go back up because I know it's they've dropped this time which is an unusual experience yes we anticipate that they will go back up and in fact for our Surplus and deficit projection we have assumed that that 450 000 that was saved will actually be a future expense okay thank you no other questions any other questions commissioner Connor Thank you judge just my follow-up question of understanding on the lgea fund throughout the state of Kentucky you have a

resurgence of coal not only on the Eastern Kentucky but Western Kentucky for the first time in 15 years Henderson County is opening up a mine in that area I don't know if it's happening here yet but if that does occur then this that fund would be adjusted accordingly if that occurs within our County correct yes our allocation worried mine to open up in Davis County we would immediately Declassified as co-producing in our allocation would follow I think on the last one you make a point in the solid waste fund of saying that the gate rates were adjusted on November 1 2011. 12 almost 13 years ago the projections for that seems as if those rates have not been adjusted for some time it would seem as if increasing costs Capital Equipment everything just going skyrocketing that in time it's going to have to be addressed not in this budget but I assume that that will have to be addressed some other time is that correct absolutely thank you sir thank you judge you're welcome any other questions no

Jordan it's yours moving to the second document of the summary of major Capital expenditures I have each of those broken down by Department with a description for the total governmental uh funds we have six million 179 940 budgeted in capital expenditures for the Enterprise funds that figure is three million four hundred and twelve thousand six hundred and eighty two dollars I will entertain any questions on any of those items they are pulled from the worksheets which you've had for some time any questions for no okay beyond that is the summary of Revenue and Appropriations I will read this by fund beginning with the general fund Appropriations are 47 million 857 163 dollars the same figure as revenue for the road fund expenditures are six million nine hundred and seventy two thousand seven hundred and fifty dollars for the jail fund expenses are 11 million seven hundred and ten thousand

nine hundred and thirty seven dollars for the local government economic Assistance or lgea fund dispenses are 135 500 dollars for The Economic Development Fund one million six hundred and eighty eight thousand dollars for the bond fund two million six hundred and eighty six thousand two hundred dollars for the solid waste fund 24 million eight hundred and twenty six thousand nine hundred and twenty five dollars for the American Rescue plan act or arpa fund 10 million two hundred and fifty thousand dollars and the county clerk permanent storage fees fund is three hundred eighty one thousand dollars for total appropriations of a hundred and six million five hundred and eight thousand four hundred and seventy five dollars and offsetting Revenue any questions for the treasurer on that page no okay the next page are the liabilities as of July first of 2023 Davis County will have outstanding principal amount of eight million eight hundred and nine thousand nine hundred and twenty dollars and eighteen cents we are scheduled to