Berks County

Final FY2008 Budget

County Commissioners MeetingDecember 18, 2007

Berks CountyFY2008 Budget Presentation

• Budget Schedule

• Budget Overview

• Budget Revisions

• Budget Initiatives

• Budget Projections

Berks CountyProposed FY08 Budget

Budget Schedule

• November 15, 2007 Present Proposed FY08 Budget

• December 18, 2007 Adopt Final FY08 Budget

• Public Review– County Commissioners’ Office

– Budget Office

– County Website www.co.berks.pa.us

Berks CountyFinal FY08 Budget

Bottom Line• The budget utilizes the existing tax rate @ 6.935 mills.• The budget is balanced, expenditures match revenues, so we are not deficit spending

All Funds General Fund

Total Revenues $460,332,496 $214,026,658

Total Expenses $460,332,496 $201,040,292

Excess Rev/Exp $ 0 $ 12,986,366

Budget Revision Highlights

• Compression Pay adjustment +$17k• Capital – YDC ICE/New Comm. Ctr + $556k• CYS – Reimb. Court Legal Fees +$94k Rev.• JPO Placements +$226k Rev./+$290k Exp.• Insurance – Workers Comp. -$79k• Historical Society +$5k• Berks Chiefs Association +$50k• APO Grant-in Aid -$19k• Contingency -$411k

Berks CountyProposed FY08 Budget

Initiatives

• Community Corrections • Prison expansion• Ag Land and open space preservation• Financial software conversion• 911/EMA consolidation and relocation• 911 Infrastructure upgrade – New bond issue to cover user radios• Park expansion - Antietam & Haycreek• Not for profits:

– Historical Society– Human Society/Animal Rescue– Literacy Council

• Reading Area Community College• Berks Chiefs of Police (BCERT)

2009 2010 2011

Total Revenue $463M $470M $478M

Total Expenditures $465M $483M $501M

Net Surplus/(Deficit) ($2M) ($13M) ($23M)

Unreserved Fund Balance $75M $53M $22M

Percent of Expenditures 16% 11% 4%

Includes new debt service related to Agland Preservation / Open Space borrowing $36M.

Includes new debt service for 911 Infrastructure upgrade of $50M

Include additional Community Corrections operating costs for 360 inmates, $9M-2009, $9.5M-2010, $9.9M-2011.

Assumes Union contract renewals are no higher than 2008 rates.

3 YEAR FINANCIAL FORECAST

End of Slide Show