Professional Documents
Culture Documents
Recommended
FY 2019 – FY 2021 Triennial Budget
July 19, 2018
Presentation to the Board of Commissioners
L. Brooks Patterson
Oakland County Executive
A Budget Based
on Recognized
Best Practices
Award Winning Documents Recognized by the
Government Finance Officers Association
Award for Outstanding Achievement in Distinguished Budget Certificate of Achievement for Excellence
Popular Annual Financial Reporting Presentation Award in Financial Reporting
Since 1997 Since 1984 Since 1991
AAA Rated for 21 Years
Special thanks to . . .
Oakland County’s
Elected Officials
L. Brooks Andy Michael Lisa Brown Jessica Jim Nash
Patterson Meisner Bouchard Clerk Cooper Water
County Executive Treasurer Sheriff Register of Deeds Prosecutor Resources
Commissioner
“We note that the county has a demonstrated history of achieving positive
budgetary variances through strong cost controls which have been a key
factor in the county’s positive operating results. Due to statutory
limitations on both tax base and tax levy growth in Michigan, annual
growth in property taxes and total county revenue has been very modest.
While these limitations will continue to hold back revenue growth going
forward, we expect the county’s close monitoring of expenditures,
conservative budgeting and currently low fixed cost burden will support
ongoing financial stability, despite planned usage of available reserves for
one-time purposes.”
Laurie Van Pelt
Director, Management & Budget
RECOMMENDED
BUDGET
HIGHLIGHTS
FY 2019 FY 2020 FY 2021
General Fund/General Purpose (GF/GP) $465,547,120 $466,384,797 $475,390,212
Special Revenue & Proprietary (SR) $427,762,553 $427,192,818 $426,096,498
Total All Funds Recommended Budget $893,309,673 $893,577,615 $901,486,710
50.00%
7.60%
40.00%
41.37% 13.00%
30.00%
20.00%
16.40%
10.00%
0.00%
-10.00% -23.93%
-20.00% -34.26%
-30.00%
% CHANGE IN SEV (STATE EQUALIZED VALUE) % CHANGE IN TV (TAXABLE VALUE)
-40.00%
2007-2012 2013-2018
Variables include:
Market Conditions
Annual IRM / CPI
Property Transfers
New Construction
Statutory property tax exemptions
Oakland County History of
4.6000
General Operating Millage Rate
4.5000 FY 2020
ESTIMATED THAT
4.4000 HEADLEE ROLLBACK
CALCULATION WILL
4.3000 FALL BELOW 4.0400
4.3805
4.2000
4.3505
Mills
4.1000
4.1900
4.0000
4.09
3.9000
Maximum Millage 4.04
3.8000
3.7000
3.6000
$40.0
$35.0
$30.0
(in millions)
$25.0
$20.0
$34.0
$15.0 $27.1 $25.7
$22.7
$10.0 $16.1
$5.0
$-
FY 2019 FY 2020 FY 2021 FY 2022 FY 2023
$40.0
$35.0
$30.0
(in millions)
$25.0
$20.0
$15.0 $26.0
$-
FY 2019 FY 2020 FY 2021 FY 2022 FY 2023
$35.0
$11.7
$30.0
(in millions)
$2.0
$25.0
$3.8 $2.0
$20.0
$2.0
$15.0 $26.0
$19.1 $2.0
$10.0 $17.7
$14.7
$5.0 $8.1
$-
FY 2019 FY 2020 FY 2021 FY 2022 FY 2023
$60,000
$50,000
$40,000
$30,000
(in thousands)
$20,000
$10,000
$0
-$10,000
-$20,000
-$30,000
-$40,000
FYE 2009 FYE 2010 FYE 2011 FYE 2012 FYE 2013 FYE 2014 FYE 2015 FYE 2016 FYE 2017
Adopted Budget Use of Fund Balance $0 $(150) $(200) $(17,508) $(37,622) $(33,755) $(34,115) $(29,363) $(32,533)
Historical Actual Use of Fund Balance $21,940 $42,739 $52,156 $22,267 $19,344 $11,212 $6,091 $(5,066) $9,309
Favorable/(Unfavorable) Variance $21,940 $42,889 $52,356 $39,775 $56,966 $44,967 $40,206 $24,297 $41,842
HISTORICAL CHANGE
IN GENERAL FUND BALANCE
This chart compares prior years’ adopted budgeted use of fund
balance to actual amounts
Estimated General Fund Balance
(in thousands)
$300,000
$260,204 $255,241 $264,780 Fund Balance Amount
$253,985 (Actual and Projected)
$250,000 $242,773
63.8% 62.9%
$223,429 64.0% 60.0%
63.1%
$209,423
$201,162 57.6%
$200,000
45.5%
53.8% $169,708
$149,006 $144,770
$150,000 36.5%
$123,786
39.3% 31.0% $107,132
$106,267 $96,992
26.0%
$100,000
$84,327 25.1% 22.3%
20.1%
19.6%
$50,000
Percentage calculation = fund Target = $96.3 million
balance/expenditures (20%)
$0
FYE 2008 FYE 2009 FYE 2010 FYE 2011 FYE 2012 FYE 2013 FYE 2014 FYE 2015 FYE 2016 FYE 2017 FYE FYE FYE FYE FYE FYE
2018* 2019* 2020* 2021* 2022* 2023*
*Estimated for FYE 2018 - FYE 2023
Note: The above chart represents the estimated level of General Fund balance based on current programs and current budget recommendations; estimates are
subject to change as quarterly forecasts are updated and for new budget adjustments going forward beyond what has already been included with the Long-term
Fiscal Plan projections for FY 2018 - FY 2023.
25 40+ years
Recruitment & Retention
maximum of $4,200