courr. Dekall, (‘ountv Office of the Chief Lecutie Officer ) 11w Evecuhrc $22 4, Burrdll EI1iJr. Chief Fecuiie Ofticer TO: Members, Board of Commissioners FROM: W. l3urrell Ellis. Jr., Chief Executive Officer DATE: January 15, 2009 SUBJECT: 2009 Budget Recommendations In compliance with the Organizational Act, enclosed is the Executive Budget recommendation for a balanced budget for FY 2009 for the various funds of DeKaIb County Government. This recommendation is the culmination of extensive analysis and review of the budgetary needs and the financial resources available within the present extremely challenging economic environment. Financial resources available for the FY 2009 Tax Funds Budget have declined and continue to be impacted due to the national economy. Sales taxes collected in the County for the HOST program, which comprise 16% of the total revenues in the Tax Funds, have declined in 2008 compared to 2007. In addition, the effect of residential building activity over the last several years in the County has been to substantially increase the financial requirement necessary to provide for a 100% Homestead Exemption. Sales taxes are projected to decrease from 2008 to 2009 by .3%, while the 100% Homestead Exemption requirement is projected to increase by 3.4% during the same time period. The following table illustrates this trend Sales Funding Necessary to Pros ide Year (‘ollection Minimum Legal Eemptton 2O0 S 900,5 50 568M52,30() 5124. S20,774 2O6 101,043,317 71,920,440 l33.34.f’33 2007 L 100,62,79 80,834,6S4 133,010.742 2008 T h277 P8 80 06 207 118 281 720 — Q5,0()0M()()_ 76.222,It)t) c 20X
