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CONSENT Indian River County Inter -Office Memorandum Office of Management and Budget To: Members of the Board of County Commissioners Date: February 25, 2015 Subject: Children's Services Funding Allocation for Fiscal e ' 2015/2016 From: Jason E. Brown - Director, Management & Budget Description and Conditions Each year, the Board of County Commissioners approves a funding allocation for Children's Services. This amount is then allocated to the applicants based upon recommendations of the Children's Services Advisory Committee. The County has allocated the same funding amount ($623,890) for the last three years due to limitations on revenues during the economic downturn. Prior to the downturn, the County historically changed the funding allocation based upon the previous fiscal year's taxroll change. Last year, the taxable value for the County increased by 4.5% from the prior year. A 4.5% increase in the funding allocation would bring total funding to $651,900, or $28,010 more than the current level. Staff is requesting that the Board set a funding allocation for Children's Services for FY 2015/16 at this time. Alternatives Alternative 1 — Approve funding for fiscal year 2015/2016 in the amount of $623,890, which is the same amount as approved for the current fiscal year 2014/2015. Alternative 2 — Approve funding in the amount of $651,965, which is an increase of 4.5% from the previous fiscal year. Staff anticipates a moderate increase in the taxroll for next fiscal year. Staff also anticipates several other funding requests increases due to deferred capital purchases and continued constrained funding levels for various agencies. It is anticipated that these requests will continue to strain the County's resources even with the benefit of a rising taxroll. In light of continued funding constraints, staff recommends that the Board approve funding at the same level as the current year to aid in the goal of avoiding a tax increase for fiscal year 2015/16. Recommendation Staff recommends that the Board of Commissioners approve Alternative 1. This alternative would provide funding for Children's Services agencies at the current fiscal year allocation of $623,890 for fiscal year 2015/2016. Attachment Children's Services Funding History APPROVED AGENDA ITEM: BY: Ni J - seph A. Baird County Administrator FOR: March 3, 2015 Indian River County Apprpved Date Administrator 6 County Attorney Z) , Budget Z5 !cj Department Risk Management 23