07/10/2024 - Laserfiche WebLink

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Highlights of the FY 2024/2025 Budget: • Tax roll Increase —10.3% countywide; 10.0% unincorporated area. • First.year of the Environmentally Sensitive Land Acquisition Bond, Series 2024 millage levy — 0.0639, which carries an AA+ rating from S&P Global Ratings • Sheriff Funding — Recommended $4.78 million increase as agreed by Sheriff (reduction from initial request of $8.84 million increase). Continued funding of School Resource Officers at 50%/50% split with School District. • Compensation Study implementation cost $8,686,151. • Retirement Rate Increase — $1,254,455 Countywide including Constitutional Officers. • OPEB Savings — $506,170; plan is now fully funded. • Worker's Compensation Increase — $1,135,137 Countywide including Constitutional Officers. • Full-time Position changes— BCC reflects a net increase of 37 full-time positions; increase of 1.9 FT Constitutional Officers; 38.9 total increase in FT positions. The proposed budget includes funding for salary increases for County employees due to the outcome of the completed Compensation Study. These increases will help account for the increase in the cost of living and the need to remain competitive to recruit and retain qualified workers to provide a high level of service to County residents. In addition to negotiating with the IAFF, Staff continues to negotiate with the Teamsters Union as well. As noted previously, the Strategic Planning process is still underway, asthe Board of County Commissioners recently adopted a new mission statement, "Dedicated to Indian River County through service excellence." The County's adopted Core Values (listed below) build on our mission and declare what the public, our customer, and others can expect how the affairs of the County will be managed. o Integrity: We conduct ourselves in the highest ethical manner in all that we do, with a commitment to respect, accountability, and transparency. o Responsiveness: We provide excellent customer service by being accessible, approachable, receptive, helpful, and innovative. o Collaboration: We work together cooperatively, united in our purpose to serve the community. Our Strategic Goals (listed below) have also been adopted by the Board and our Strategic Planning Team is working to develop specific, measurable, achievable, relevant, and time -bound (SMART) objectives and strategies. o Environment: Advancing responsible environmental stewardship by protecting, conserving, and managing natural resources and by fostering environmental awareness. o Governance: Delivering high quality local government services and managing resources in a financially responsible and sustainable manner, embracing accountability, transparency, innovation, performance, customer service, and community engagement; the hallmarks of good governance. o Infrastructure: Planning, constructing, managing, and maintaining critical public infrastructure in response to our current needs, future demands, and the expectations of our community; embracing innovation, technology, and resiliency. o Public Safety: Protecting residents and property through effective and responsive fire rescue, emergency medical services, and emergency management. Promoting the safety and well-being of the community through effective planning and enforcement of community and life -safety standards. A.-. o Quality of life: Enhancing the quality of life to foster a thriving community for Indian River County residents