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DEPARTMENTAL MATTERS <br />12.C.1 1k <br />Indian River County <br />Inter -Office Memorandum <br />Office of Management and Budget <br />To: Members of the Board of County Commissioners <br />Date: March 9, 2015 <br />Subject: Children's Services <br />Funding Allocation for Fiscal Year 2015/2016 <br />From: Jason E. Brown - Director, Management & Budget <br />From: Michael C. Zito, Assistant County Administrator <br />Description and Conditions <br />Each year, the Board of County Commissioners approves a funding allocation for Children's Services. <br />This amount is then allocated to the applicants based upon recommendations of the Children's Services <br />Advisory Committee. The County has allocated the same funding amount ($623,890) for the last three <br />years due to limitations on revenues during the economic downturn. Prior to the downturn, the County <br />historically changed the funding allocation based upon the previous fiscal year's taxroll change. Last <br />year, the taxable value for the County increased by 4.5% from the prior year. A 4.5% increase in the <br />funding allocation would bring total funding to $651,900, or $28,010 more than the current level. Staff is <br />requesting that the Board set a funding allocation for Children's Services for FY 2015/16 at this time. <br />Alternatives <br />Alternative 1 — Approve funding for fiscal year 2015/2016 in the amount of $623,890, which is the same <br />amount as approved for the current fiscal year 2014/2015. <br />Alternative 2 — Approve funding in the amount of $651,965, which is an increase of 4.5% from the <br />previous fiscal year. <br />Staff anticipates a moderate increase in the taxroll for next fiscal year. Staff also anticipates several <br />other funding requests increases due to deferred capital purchases and continued constrained funding <br />levels for various agencies. It is anticipated that these requests will continue to strain the County's <br />resources even with the benefit of a rising taxroll. In Tight of continued funding constraints, staff <br />recommends that the Board approve funding at the same level as the current year to aid in the goal of <br />avoiding a tax increase for fiscal year 2015/16. <br />81 <br />