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$700,000. The annualized cost of salary increases is $206,000 to the taxing funds and $255,000 county -wide. As you can see, those numbers quickly add up to $1,300,000 in taxing funds and $1,500,000 total County -wide. We also have salary projections and a possible step program for Board employees. The other obligations are not just for the taxing funds, but County -wide for all funds. Some of the obligations that are unknown at this time are mandates, the constitutional officers budget changes, EMS overtime, outside agencies that rely on our funding, the HRS department, the PEP reef bond issue, the impact of the'old courthouse, the old Gifford landfill, the GEO bond for environmentally sensitive land, and the Sebastian utility acquisition. Commissioner Eggert inquired whether there were funds in the sales tax for the Gifford landfill and Director Baird responded that the funds are there but there will be an impact on the budget. Director Baird continued that one of the major factors in the budget revenue is a tax roll growth, which controls the millage. We believe that new construction numbers should be a lot better in the coming year based on building permit revenue and building permit information. We also do not think that citrus groves will be devalued to the same extent as in the past 2 years. The prior year drop in the roll after the value adjustment board still must be adjusted, and we believe that state revenues will be better this year due to development such as the New Horizon mall. We will not be able to budget as much cash forward as last year, which will have a negative impact from the revenue side. The SWDD assessments rely a lot on mandates. Building revenues are doing a lot better than projected; however, the change in interest rates could change that dramatically. Our budget preparation process is basically set by state law and requirements. We start gathering information and revamping the packets in February and March, and send the package out in late March or the beginning of April to the departments. The departments return the packages in May, at which time the County Administrator and the budget office review them and make their decisions. During the period between May and July a lot of things change. The departments account for a very small portion of the general fund budget and we must wait for the state numbers relative to agencies like HRS, the state attorney, the public defender and judges, as these numbers affect our budget. The constitutional officers' numbers are also due in May and June. Therefore, we only have approximately 30% of our information from the expenditure side in May or June. By state law, the property appraiser delivers the tax roll around June 30th or July 1st. Our FEBRUARY 14, 1995 43 ROOK 94 i-,� ,IJ F 3 73