07/14/2021 (3) - Laserfiche WebLink

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Municipal Service Taxing Unit (M. S. T. U.) Fund The M.S.T.U. recommended budget is $38,727,142, an increase of $2,894,259, or 8.1% (pages 34-35). Transfers out to the Transportation Fund are increasing by $597,043 and transfers for Law Enforcement are increasing by $2,965,600. As transfers out comprise 79.1 % of the M.S.T.U. expense budget, any change causes a significant impact on the total fund budget. A summary of major factors impacting the M.S.T.U. Fund is shown below: • Ad valorem tax roll — 5.09% increase, generating $603,177 in additional revenue, assuming 95% collections at proposed millage rate. Millage rate — 1.1506, no change from last fiscal year. Transfers Out - $6,302,500 to fund transportation; $24,332,347 to fund law enforcement. • Recreational User Fee — revenue increase of $89,267 or 8.0% - returning to pre-COVID-19 budgeted estimates Increased Retirement Cost - $30,953 or 8.16% Net increase of 1 full-time position — Community Development Assistant Director As the County continues to recover from the negative impacts of COVID-19, various revenue sources are improving and returning to pre -pandemic levels. The proposed FY 2021/22 budget raises Recreational User Fees $89,267 or 8.0% to revenue levels achieved before the pandemic. Also affected were Half -Cent Sales Tax and State Revenue Sharing, as these revenue sources are partially impacted by taxpayers' discretionary income and thus were reduced by 15% in the current fiscal year. These revenues, which are also shared with the General Fund, are anticipated to increase in total by 28.2% in the upcoming fiscal year. A Community Development Assistant Director is needed to support administration in planning, supervising and directing activities of the various Community Development departments and assistwith increased workload at a cost of $132,592. Based on the July 1 certified tax roll, the assessed value increased 5.09%; new construction added 2.28%, while existing values increased 2.81%. The proposed millage rate for the M.S.T.U. Fund is 1.1506, which remains unchanged from the current fiscal year. This is 2.81 % above the rolled back rate. Transportation Fund The recommended budget for the Transportation Fund is $18,513,052, reflecting an increase of $883,177 or 5.0% (page 36). Some of the major factors impacting the Transportation Fund budget are presented below: Staffing decrease — net -1 full-time positions, $55,016 savings after the deletion of 4 full-time positions, and the addition of 3 full-time positions 11