Board Of Supervisors

Fiscal ReportJanuary 27, 2003

County of Nevada

(UNAUDITED)

County of Nevada

Significant Fiscal Events To Date In 2002/2003

Operating Results Through 12/31/02 Fiscal Uncertainties and Threats Potential Contingency Actions

Fiscal Position 6/30/2002

2001/2002 Fiscal Results

2001/2002 Ended Modestly Better than Anticipated

General Fund Revenues Exceeded Expenditures:

Actual 2001/2002 Rev/Exp 3,792,000$ Utilized in 02/03 Budget 1,438,000 Additional Positive Results 2,354,000$

Note: $1.3 Million in One-Time GASB 34 Residual Equity Transfers from Closed Funds

General Fund Discretionary RevenuesActual 00/01 Actual 01/02 Budget 02/03

Property Taxes 13,058,662$ 13,908,750$ 14,497,627$ Property Transfer Taxes 849,816 793,751 725,000 Franchise Fees 406,681 798,269 545,000 Sales & Use Tax 3,489,607 3,521,273 3,712,800 Motor Vehicle License Fees 1,508,886 1,863,225 1,236,000 Interest Income 1,337,394 909,778 625,000 Transient Occupancy Tax 242,061 232,842 230,000 Other 4,080,346 4,417,285 3,612,300

24,973,453$ 26,445,173$ 25,183,727$

Discretionary Revenues

-2,000,0004,000,0006,000,0008,000,000

10,000,00012,000,00014,000,00016,000,000

Actual 00/01

Actual 01/02

Budget 02/03

General Fund Discretionary RevenuesActual 00/01 Actual 01/02 Budget 02/03

Property Taxes 13,058,662$ 13,908,750$ 14,497,627$ Property Transfer Taxes 849,816 793,751 725,000 Franchise Fees 406,681 798,269 545,000 Sales & Use Tax 3,489,607 3,521,273 3,712,800 Motor Vehicle License Fees 1,508,886 1,863,225 1,236,000 Interest Income 1,337,394 909,778 625,000 Transient Occupancy Tax 242,061 232,842 230,000 Other 4,080,346 4,417,285 3,612,300

24,973,453$ 26,445,173$ 25,183,727$

0

5000000

10000000

15000000

20000000

25000000

30000000

Actual1992/93

Actual1993/94

Actual1994/95

Actual1995/96

Actual1996/97

Actual1997/98

Actual1998/99

Actual1999/00

Actual2000/01

Actual2001/02

Budget.2002/03

Mill

ion

s

2001/02 General Fund Revenues by Source

Budget ActualTaxes 18,074,432$ 18,320,900$ Fees/Licenses/Charges for Services 8,290,223 9,579,741 Fines/Forfeitures 2,227,778 2,017,487 Interest 1,207,425 1,112,564 Intergovernmental 39,873,483 39,620,046 Other 5,214,755 5,366,859

74,888,096$ 76,017,596$

Other7%

Taxes24%

Intergovernmental52%

Fines/Forfeitures3%

Fee/Lic/Chgs13%

Interest1%

2001/02 General Fund Expenditures by Category

Budget

Actuals+

Encumbrances Salaries & Benefits 39,186,643$ 37,670,003$ Supplies & Services 20,729,451 21,927,814 Other Charges 18,122,666 17,328,956 Capital Expenditures 1,303,383 1,064,598 Transfers/Indirect (2,553,650) (2,992,141) Contingency 339,884 -

77,128,377$ 74,999,230$

Supplies & Services

27%

Salaries & Benefits

47%

Contingency0%

Capital Expenditures

1%Other Charges

21%

Internal Trnf/Indirect

4%

2001/02 Other Operating Funds

Revenue Expense VarianceRoads 9,605,587$ 9,570,533$ 35,054$ Solid Waste 7,439,877 6,651,233 788,644 CDA 6,011,631 5,349,381 662,250 Child Support Services 4,022,523 4,520,840 (498,317) Transit 3,331,275 3,424,358 (93,082) Insurance 3,080,141 3,975,408 (895,267) Library 2,440,719 2,267,175 173,544 Fleet 1,331,261 1,251,851 79,410 Airport 1,004,348 1,073,873 (69,525) Nuisance Abatement 158,786 26,551 132,235 Fish & Game 4,343 6,088 (1,746)

38,430,490$ 38,117,290$ 313,200$

CDA5%

Child Support Services4%

H.S.A.27%

Library2%

Roads9%

Sheriff15%

Solid Waste6%

District Attorney2%

General Services5%

Legislative &Support Services Community Partners

1%

Airport1%

Transit3% Non Departmental

1%

Public Defender1%

Probation/J Hall4%

Insurance3%

Information Systems2% HCS

1%

2001/02 Expenditures By Department

GF Fund Balance

06/30/02 06/30/02 6/30/2002Before Close AfterClose Addition Close

Fund Balance Carry Over 4,682 4,682 Use of Fund Balance

FY 01/02 Revenues over Expenditures 3,792 3,792

Fund Balance Available 4,682 3,792 8,474

Reserve for Encumbrances 1,756 1,756

Other ReservesGeneral Purpose 1,877 1,877 State Realignment 300 300 COP Payments 43 43 Accumulated Leave Liability 1,000 1,000 Technology 450 450 Facilities Planning 400 400 Unfunded Pension Contributions -

General Fund Reserves 4,070 - 4,070

Total Available Fund Balance and Reserves 10,508 3,792 14,300

Realignment Special Revenues

FundBalance

6/30/2002

Adult & Family Services 1,874,569$ California State Children 847,693 Behavioral Health 1,777,324 Community Health 740,055 Environmental Health 467,896 Probation 283,880

5,707,537$

Projected to be Used 02/03 Budget (1,540,490)$

Road/MVLF/Measure F/CIP

Beginning Fund Balance 3,907,148$

MVLF Revenue 01/02 8,644,840

Less Other Allocations Realignment (2,758,153) General Fund (1,564,267)

(4,322,420) 50%

Road Fund Drawdowns (2,887,855)

Ending Fund Balance 5,341,713$

June 30, 2002 Perspective

General Fund Results for 2001-2002 Improved the Picture by $2,354,000, Allowing for Recommendation to Fund Expected PERS Cost Increases

Discretionary Revenues Continued Modest Upward Trend in 2001-2002

Other Operating Funds Also Ended 2001-2002 Positively

Road CIP Funding Positive HSA & Environmental Health Fund Balances

Available to Backfill

Financially Solvent

2002/2003 Budget Fiscal Position & Plan

Prepared to Maintain Current Levels of Service to Citizens absent Negative State Actions

Balanced 02/03 Budget Along With Increase in Reserves for Technology, Space, and un-funded Liabilities

Financially Solvent

2002/2003 Mid-Year Significant Fiscal Events

Certain Fund Balance Changes & Recommendations

Release of 6/30/02 Encumbrances & Associated Reduction in Supplemental Appropriations

Positive Impact of Vacancy Elimination Positive Consolidated Budget Amendment #1 Memorandums of Understanding with Certain

Bargaining Units Commitments for Certain Separation

Payments

2002/2003 Budget Changes to GF Fund Balance

06/30/02 2002/2003 2002/2003After Budget BudgetClose Changes Position

Fund Balance Carry Over 8,474 Use of Fund Balance (1,438)

Transfers to Reserves (2,000) Recommended Unfunded Pension Reserve

Fund Balance Available 8,474 (3,438) 5,036

Reserve for Encumbrances 1,756 1,756

Other ReservesGeneral Purpose 1,877 1,877 State Realignment 300 300 COP Payments 43 43 Accumulated Leave Liability 1,000 650 1,650 Technology 450 750 1,200 Facilities Planning 400 600 1,000 Unfunded Pension Contributions - -

General Fund Reserves 4,070 2,000 6,070

Total Available Fund Balance and Reserves 14,300 (1,438) 12,862

2002/2003 NewChanges Position

(2,354)

(2,354) 2,682

1,756

1,877 300 43

1,650 (638) 562

1,000 2,354 2,354 1,716 7,786

(638) 12,224

2002/2003 Changes to Contingency Budget

Date Amount Contingency Budget 101-510-5000Beginning Balance 6/30/02 154 Return of unused NH2020 budget 7/23/02 15,000 Increased IBB Costs 11/26/02 (65,000) Fund NCLA 12/3/02 (10,000) Vacancy Release in General Fund 12/10/02 169,181 First Consolidated Budget Adjustment 12/17/02 160,107 Release of Prior Year Encumbrances 12/17/02 625,395

Olga Budget Balance 894,837

Probable Offsets

Estimated Labor MOU costs General Fund (39% of total $2,408,000) (940,000) Special Departmental Budget reallocated 525,000 A/C Savings to do A87 in-house & HR Reclass in-house 40,000 Release of Reserves 300,000 Seperation Payments (145,000)

(220,000)

Estimated Available Contingency Balance 674,837

Q2 2002/2003General Fund Discretionary Revenues

Q2 Q22001/2002 2002/2003

Property Taxes 7,720,967$ 8,300,255$ Property Transfer Taxes 372,460 508,458 Franchise Fees 191,916 131,017 Sales & Use Tax 1,281,072 1,276,990 Motor Vehicle License Fees 782,134 715,546 Interest Income 478,532 264,563 Transient Occupancy Tax 116,527 121,597 Other 1,308,842 1,546,965

12,252,450$ 12,865,391$

Q2 2002/2003 General Fund Expenditures by Category

Budget Actual Salaries & Benefits 40,600,364$ 19,781,778$ Supplies & Services 21,514,133 9,250,156 Other Charges 17,950,672 8,425,025 Capital Expenditures 665,520 237,751 Internal Trnf/Indirect (5,464,743) (2,490,908) Contingency 894,837 -

76,160,783$ 35,203,802$

46%

Q2 General Fund Revenue/Expenditures

Budget Actual %

Revenues 72,837,436$ 29,733,986$ 41%

Expenditures76,160,783 35,203,802 46%

Q2 2002/03 Other Operating Funds

Revenue Expense VarianceRoads 3,998,246$ 5,384,919$ (1,386,673)$ Solid Waste 4,184,720 2,447,264 1,737,456 CDA 2,312,821 2,570,647 (257,826) Child Support Services 1,599,336 1,895,339 (296,003) Transit 1,608,606 1,039,122 569,484 Insurance 3,147,774 2,768,616 379,158 Library 839,915 1,113,908 (273,993) Fleet 296,904 489,638 (192,734) Airport 488,193 404,498 83,695 Fish & Game 2,162 4,363 (2,201)

18,478,677$ 18,118,314$ 360,363$

Uncertainties/Threats PERS

Miscellaneous 2003/04 2.7% 2004/05 7.5% Miscellaneous Each 1% Approximately $400K Public Safety 2003/04 4.3% 2004/05 13.5% Public Safety Each 1% Approximately 40K Public Safety Move to 3% @ 50

MOUS Results/Costs of Lawsuits IHHS Public Authority Escalating Costs CSS Incentive Revenue Return to State Space Needs

State Budget Impacts

MVLF Backfill Elimination Realignment 2 Others

Potential Contingency Actions

Intensified Vacancy Review RIF through attrition No New FTEs in 2003/04 Budget No Supplementals in 2003/04 Budget

Recap

Vigilance

Board Of Supervisors

Fiscal ReportJanuary 27, 2003

County of Nevada