Meeting of April 26, 2022

i'm going to call the 2022-2023 budget work session uh to order and if you would bow your head please our heavenly father we thank you for this beautiful spring day we ask that you give all of us up here the wisdom and knowledge and courage to do your will and do what's best for all the citizens of davis county we ask that you watch over our first responders particularly those who are overseas standing in harm's way we ask all these things in your name amen amen i pledge allegiance to the flag of the united states of america and to the republic for which it stands one nation under god indivisible with liberty and justice that might be to annoy you it is it does annoy me once again i want to welcome everyone to our work session on the fiscal year 2022-2023 davis county fiscal court

budget the this budget session will go from 8 a.m to about 9 45 commissioner castle and i have a technical advisory and a metropolitan planning meeting this morning at 10 o'clock typically we don't need all that time but it we'll we'll see how it goes if we don't get finished we'll come back again with two o'clock or one o'clock two o'clock we'll come back around two o'clock and and finish the budget up this is my last budget it'll be the 12th budget that i've set in on and i'm happy to say if you look at a lot of things that this fiscal court has done we probably have taken the davis kane fiscal court and county government to the next step up uh we pay more roads we addressed issues such as animal control uh issues such as property maintenance issues that the previous court seemed to ignore because they didn't want to get into that controversy this court did we

addressed issues such as the phase two of the technology center that previous administrations had tried to had tried to get accomplished and could not we addressed issues such as a flooding on whimsic court and all of those kinds of things are whimsic court wincrest i'm sorry you're correct commissioner all those kinds of things have their start right here with the commissioners with myself in the budget because the things that you value the things that you believe government is responsible for are reflected in the budget if they're not here they're not going to get done so with that county treasurer hendricks would you start us off certainly in just mentioning the couple items that are in the summary the revenues for the general fund will remain steady expect about a 200 000 increase in the property tax which reflects normal assessment increases insurance premium tax shows a reduction of the 800 000 due to dropping the convention center tax the insurance premium tax from 7.2

percent to 4.9 on july 1st and it was 7.2 because we already reduced it for this year from 8.9 i checked the website yesterday and the insurance the department of insurance does have our rate properly reflected at 4.9 on july 1st occupational tax went up so that will reflect a about a 900 000 increase and the funding for the sheriff's office is 2.8 million again next year the road fund shows a state reimbursable of about 430 thousand dollars and then we had three and a quarter in the the summary says it's for the dan bridge that more than likely will the amount will remain but we will likely name a new project for that if the state's funding uh is accurate and they do that bridge but uh pressure has a uh another project in line that needs work so we'll leave the same amount of money in transfer or asphalting for from road and lgea funds is a million six fifty which is a three hundred thousand dollar increase

the amount transferred from the general fund is shown at three point five million which is also a half million dollar increase as you recall the court approved to put an additional half million dollars in that fund the jail fund is going to be shown at a 3.8 million dollar transfer that's up uh so it looks up significantly because the last year's budget didn't reflect the 1.2 million dollar amount for cares money that we put over there but that money ended up getting spent this year because the state revenues are down 1.2 million so the the increase looks a lot bigger than from from actual to actual the increase isn't that big but from budget to budget it is that big the solid waste funds are still performing as we would expected a five-year plan on that uh still looks like the solid waste fund is generating a sufficient cash to finance its own operations uh provide its own capital and this next budget year is going to be a big year we're looking at purchasing a 1.4 million dollar compactor as well as doing over a million dollars

worth of construction on a new sale but again the outlook right now looks like the without an even without an increase it will provide its own cash for the next five years budget threats are are not really a shock if anything happens to fuel energy prices higher than we anticipated or potential inflation and supply chain issues then that could alter our budget significantly the assumptions underlying the budget are that we do not increase any taxes property tax stays at 13.4 occupation stays at one no additional debt being issued [Music] we expect to pay the principal of 2.7 million dollars this year sheriff funding remains at 2.8 million jail funding again transfer of 3.8 million the retirement percentages the non-hatters hazardous went down slightly 26.79 and the hazardous went up to 12 that we expected the 49.59 other than that we'll start through the

details of the uh of the budget first example on exhibit a is the uh jim hold just a second commissioners any questions or comments i wanted to make a comment uh regarding the um debt someone made a big deal recently on facebook or the newspaper or something about the fact that we had 14 million dollars in debt when we took office our debt was roughly 45 46 million dollars we had paid that down to 8 million we were informed by the sheriff's department the jail the fire department that we had a bad communication system a radio system that left them in peril in many areas of the county particularly when they were down in the hollows when they were inside of buildings and we decided to spend approximately 6 million dollars we bonded that for a period of 10 years jim yes for 10 years most places would bond

for 20 or 30 years we bonded it for 10. the reason we did that was the interest rate was less than 2 percent on that bond that brought our debt from 8 million back up to 14 million and i can tell you that any city or county in the commonwealth as a a percentage of the revenue stream would love to have a debt service as low as our debt service and and at the end of this year we will have paid that down to 11 million at the end of next year it'll be back down below 10 million so i think it's a very judicious and wise use of our bonding capacity and our revenue so at the end of this fiscal year at the end of this fisc this no i'm sorry at the end of the coming fiscal year at the end of the 2022-2023 budget it will be 11 million roughly yeah 11.3 so so we're back on that downward and everything else that we do uh we try to pay cash for and you know but there are things that even mr mrs citizen out there understand