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also includes a substantial increase in funding for replacement capital items such as vehicles and <br />heavy equipment. During the last few years, capital replacement was delayed wherever feasible. <br />At this time, staff recommends that the County return to a sustainable replacement schedule for <br />necessary capital equipment to provide essential services. These two proposals ensure that the <br />County is adopting .a structurally balanced budget that will help maintain the long-term financial <br />health of the County. <br />The increase in taxroll for next year provides approximately $3.3 million in additional revenues. <br />These funds have allowed for increased capital replacement funding and ending the use of fund <br />balance as mentioned above. Staff recommends funding these changes prior to committing to <br />additional operating expenditures. <br />Fiscal Year 2014115 Budget Highlights <br />The total proposed budget is $259,579,973, a decrease of $43,638,568 or 14.4 %from the current <br />year. It should be noted that this is an increase of 1.8% from the beginning budget of <br />$255,107,975 for the current year. However, this is still 45.1 % below the approved FY 2006/07 <br />amount of $472,420,328. A detailed all fund expense summary is contained in the exhibits <br />following this message (pages 23 and 24). <br />The General Fund millage rate is increasing slightly primarily due to a funding increase for the <br />Sheriff's Office and the phase-out of fund balance usage. The M.S.T.U. Fund and Emergency <br />Services District millage rates remain the same as the current year and the Land Acquisition Fund <br />millage is decreasing slightly. After accounting for the ad valorem increases proposed, the <br />County's total ad'valorem taxes are still down about $24 million since FY 2006/07 (from $103.3 <br />million to $79.2 million). Please see the table below for a comparison of proposed ad valorem <br />taxes to the current levy. <br />Table 2 <br />Comparison of Proposed Ad Valorem versus Current Revenue <br />2013/14 <br />2014/15 <br />Increase <br />% <br />Ad Valorem <br />Proposed Ad <br />(Decrease) <br />Increase <br />Revenues <br />Valorem <br />(Decrease) <br />General Fund <br />$42,011,292 <br />$44,515,294 <br />$2,504,002 <br />6.0% <br />M.S.T.U. <br />$7,567,939 <br />$7,969,714 <br />$401,775 <br />5.3% <br />Emergency Services <br />$20,753,924 <br />$21,739,574 <br />$985,650 <br />4.7% <br />District <br />Land Acquisition Bond — <br />$4,878,564 <br />$4,966,060 <br />$87,496 <br />1.8% <br />2004 Referendum <br />Total <br />$75,211,719 <br />$79,190,642 <br />$3,978,923 <br />5.3% <br />