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HomeMy WebLinkAboutMINUTES - 03162004 - D.2 4 1 TO: BOARD OF SUPERVISORS . Contra FROM: John Sweeten j County Administrator Costa DATE: March 11, 2004 County SUBJECT: FY 2004-05 BUDGET OUTLOOK REPORT ' SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION RECOMMENDATIONS 1. ACKNOWLEDGE that the County faces a local budget shortfall of approximately $53 million, representing roughly 16% of general purpose revenues (including available fund balance), in FY 2004-05. 2. ACKNOWLEDGE that, in addition to this estimated local shortfall, the County faces loss of $29 million in property tax revenues, representing roughly 9% of available general purpose revenues, plus other significant programmatic impacts, if the Governor's Proposed Budget for FY 2004-05 is enacted. 3. ACKNOWLEDGE that these shortfalls represent a combined potential shortfall of$82 million, representing 25% of County general purpose revenues in FY 2004-05. 4. ACKNOWLEDGE that the programmatic consequences of an $82 million shortfall will be much larger because the County will not be able to draw down or provide the required match for substantial additional State and federal program funding. 5. ACKNOWLEDGE that County departments have been directed by the County Administrator to prepare two sets of budget reduction plans, representing net County cost reductions of 10% and 20%, to assist the Administrator in preparation of a Recommended Budget for Board consideration in June. 6. ACKNOWLEDGE that this approach will require the Administrator to successfully identify added non-departmental budget savings representing roughly 5% of net County cost, and DIRECT the Administrator to diligently pursue the identification of such savings. CONTINUED ON ATTACHMENT: ✓YES SIGNATUR ------ k _RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMEN A ON OF BO RD COMMITTEE APPROVE OTHER SIGNATURE(S): BOARD ON MARCH 16, 2004 APPROVE AS RECOMMENDED X OTHER Y ---------ACT ION OF VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE AND CORRECT COPY OF AN ACTION TAKEN UNANIMOUS(ABSENT NONE ) AND ENTERED ON THE MINUTES OF THE BOARD OF SUPERVISORS ON THE DATE AYES: NOES: SHOWN. ABSENT: ABSTAIN: ATTESTED 16. 2004 CONTACT: SUPERVISORS AND COUNTY ADMINISTRATOR JOHN SWEETEN,CLERK OF THE BOARD OF CC: BY ,DEPUTY i , A 7. ACKNOWLEDGE that, as stated on prior occasions, the current budget problems at the local and State level are likely to continue through approximately FY 2007-08. 8. ACKNOWLEDGE that County departments have been encouraged to examine closely their departmental priorities, assumptions and organizational structures. 9. ACKNOWLEDGE that services to the public will be impacted by reductions of the magnitude projected for FY 2004-05, particularly in view of the budget balancing reductions the County has made in the two prior fiscal years. 10.ACKNOWLEDGE that reductions of this magnitude will unavoidably result in staffing reductions, particularly in light of the County's efforts in recent years to eliminate vacant positions. 11.DIRECT the Administrator, through the County's Labor Relations Office, to begin as soon as practicable, discussions with employee representatives regarding the anticipated scope and scale of program and staffing reductions so that employees may be well informed. 12.ACKNOWLEDGE the importance of working with our State representatives, CSAC and the Urban Counties Caucus; as well as our colleagues in the cities and districts; in ensuring that the State budget is not balanced on the back of local government. 13.ACKNOWLEDGE the importance of the local initiative being circulated by CSAC and the League of California Cities that would place on the ballot a constitutional amendment making more difficult the transfer of local revenues to the State and the imposition by the State of unfunded mandates on local government. 14.DIRECT the County Administrator to schedule a budget workshop for the afternoon of Tuesday, April 20, 2003, at which more details regarding the projected budget may be presented; along with presentations by affected County departments, employee representatives, community-based agencies, and others who may wish to provide input. 15.DETERMINE that public hearings for the Recommended Budget for FY 2004-05 will take place at 9:00 a.m., Monday, June 14 through Friday, June 18, 2004. 16.DETERMINE that the Board will consider adoption of the Recommended Budget for FY 2004- 05, including any changes directed by the Board during public hearings, at 1:30 p.m., Tuesday, June 29, 2004. BACKGROUND The County is faced with a budget shortfall in FY 2004-05 of approximately $82 million. This estimate is based on a projected local budget shortfall of$53 million, and a potential loss of $29 million in property tax funds as a result of the State's fiscal crisis. Because these figures represent net County costs and revenues, the actual programmatic impact will be larger to the degree that local funds are used to match federal and State program revenues. State Budget This report will not dwell on the potential impact of the State budget, inasmuch as the Board has received two prior reports on this issue. The Governor's proposed budget would shift $1.336 billion in property tax revenues from local government to schools. Counties would absorb a disproportionate share of this loss—76%. The impact on Contra Costa County would be roughly $29 million. This loss of property tax revenue would be permanent, adding to ongoing losses that amount to $123 million in the current year and more than $1 billion since FY 1992-93 for Contra Costa,Counly alone. Other programmatic reductions in the Governor's proposed budget would result in undetermined losses or costs to County programs that might approach tens of millions of dollars. Your Board has supported as a "working concept" the alternative local government proposal recommended by the Legislative Analyst that would allocate a local government reduction, if needed, on a more fair and equitable basis among counties, cities, districts and redevelopment agencies. The cost to the County of Contra Costa under this proposal is estimated by CSAC to be roughly $8 million. It remains to be seen if this proposal will receive serious consideration by the Legislature and, if so, what its final details would include. We will be able to report in greater detail about the State budget following release of the Governor's May Revise. 2 s Local Budget Problem The County is faced with a local budget problem that results from a lack of alignment between anticipated expenses and revenues. Put differently, the rate of increase in anticipated costs is greater than the rate of increase in anticipated revenues. This variance is attributable to both one-time and ongoing factors, and may be summarized as follows (numbers in millions): FY 2004-05 Local Budget Shortfall -$37 Local Revenue Growth $28 Fund Balance Decline 62 Net Cost Increase $53 Estimated Budget Shortfall Local Revenue Growth. A review of current and prior year revenue trends suggests the County will experience an increase of approximately $19 million in general purpose revenues. This includes property tax, vehicle license fee revenue, sales tax, interest on deposited funds and other revenues that are subject to the Board's discretion. It is also assumed the County will receive prospectively its full share of vehicle license fees or backfill that were "borrowed" by the State during the current fiscal year. That assumption entails $18.2 million in added general purpose revenues. Overall, the amount of local revenue growth is anticipated to be $37 million. Fund Balance Decline. Year-end fund balance results when actual expenses are less than those budgeted, and/or when actual revenues are greater than those budgeted. The more conservative an organization's approach to budgeting, the larger fund balances tend to be. Contra Costa County, because of its conservative approach to budgeting, has historically enjoyed healthy year-end fund balances. These balances have always been used as "general purpose revenue" to help fund the following year's budget. Because of fiscal challenges during the past two fiscal years, the County has been forced to become more aggressive in its budgeting approach. Both expenses and revenues have been budgeted more closely. As a result, year-end fund balances have begun to decline. At the same time, as the County has begun to systematically reduce the number of funded vacant positions, salary savings that would otherwise produce fund balance at the end of the year have begun to evaporate. Indeed, in the current year the County will not experience the same level of"unanticipated" revenue as in prior years, reducing fund balance by $11 million. Expenditures in departments and in non-departmental cost centers will more closely approximate budgeted amounts, reducing fund balances by another$17 million. The net result is a year-to-year decline in fund balance of$28 million that otherwise would have been available to help in funding next year's budget. Net Cost Increases. The County will experience net County cost increases in FY 2004-05 of approximately $62 million. The major elements making up this increase are the following (numbers in millions): Net Cost increases FY 2004-05 $30.0 Wage & Benefits Increase $14.8 Retirement Rate Increase $10.6 Loss of One-Time POB Credit $5.5 Workers Compensation Cost Increase 1.5 Paulson Litigation Settlement Cost $62.4 Total Net Cost Increase 3 1 r ` r Wage and benefit increases result from cost-of-living adjustments that become effective October 1, 2004: 3% for non-safety employees, and 5% for safety employees. The retirement rate increase identified above results primarily from the Retirement Board's decision to reduce its assumed investment return rate from 8.35% to 8.0%. That change added approximately $8.2 million to the County's net costs. An additional net retirement cost of$1.5 million results from reconciliation of final costs for the Retirement Board's Paulson litigation settlement. Of significance is the one-time year-to-year loss of a credit toward the County's retirement rate that was received in FY 2003-04, but that will not be available in FY 2004-05. The Board will recall that by virtue of its issuance of pension obligation bonds (POBs) last year, it received from the Retirement Board a one-time credit for payments it had already made to the retirement system. The loss of that credit in the budget year amounts to a year-to-year"cost increase." This credit loss will not impact out-year budgets. The remaining significant element affecting the budget year's net cost increase is growth in the County's workers compensation costs. As a self-insured employer, the County is required by statute to maintain a reserve (the Workers Compensation Trust Fund) sufficient to pay the cost of current and anticipated future liabilities. Until recently, the County had maintained a healthy reserve. Increased payouts in the last several years, however—as a result of higher indemnity costs and higher medical costs— have reduced that reserve to an unacceptable level.' Those cost increases will escalate as a result of the impact of AB 749, which became effective January 1, 2003. Departments have been directed, as a result, to include within their budgets a 50% increase in their contributions to the County's Workers Compensation Trust Fund —a $10 million increase over the current annual $20 million contribution. The net cost of this increase after anticipated offsetting State and federal revenues is $5.5 million. Your Board will receive a detailed report on the status of the County's workers compensation program at your meeting of April 6, 2004. Budget Approach As noted above, departments have been directed to prepare budget reduction plans for two different scenarios: a 10% reduction and a 20% reduction in net County cost. Reduction plans are due to the County Administrator by April 2. Discussions between departments and the Administrator's budget staff will begin at that time regarding programmatic impacts. It is worth noting that these reductions, in and of themselves, may not be sufficient to close the anticipated budget gap. It will also be necessary for the Administrator to explore other areas of costs savings or revenue enhancement in non-departmental cost centers to identify an additional roughly 5% in net County cost savings. Needless to say, the challenge before us is daunting. In developing a spending plan for the coming year, the Board will need to hear from all those who have a stake in the viability of the County's service delivery capacity: the members of the public we are all here to serve, particularly those in need; the individuals and organizations that provide the services, both in the community and within our County workforce; and the very capable managers who lead and guide our organization. With guidance from the Board, and the creative cooperation of the County's excellent department heads, we will produce a balanced budget that meets the most pressing needs of our community. Four years ago,the County's Workers Compensation Trust Fund enjoyed an actuarial confidence level of 90%. That funding adequacy has now dipped to approximately 35%. The increase in contributions noted above is expected to raise the confidence level of the fund to 50%. 4 ADDENDUM TO ITEM D.2 March 16, 2004 On this day the Board of Supervisors considered report on the outlook for the 2004/2005 County Budget from the County Administrator. The Board invited comments from the public, and the following individuals spoke: David Carrillo, 205-39th Street, Richmond(Familias Unidas); Rollie Katz,P.O. Box 2229 Martinez, (PEU Local No.1). After further discussions, the Board ACCEPTED the following recommendations; 1. ACKNOWLEDGED that the County faces a local budget shortfall of approximately$53 million,representing roughly 16%of general purpose revenues (including available fund balance), in FY 2004-05; 2. ACKNOWLEDGED that, in addition to this estimated local shortfall, the County faces loss of$29 million in property tax revenues,representing roughly 9% of available general purpose revenues,plus other significant programmatic impacts, if the Governor's Proposed Budget for FY 2004-05 is enacted; 3. ACKNOWLEDGED that these shortfalls represent a combined potential shortfall of$82 million, representing 25%of the County general purpose revenues in FY 2004-05; 4. ACKNOWLEDGED that the programmatic consequences of an$82 million shortfall will be much larger because the County will not be able to draw down or provide the required match for substantial additional State and federal program funding; 5. ACKNOWLEDGED that County Departments have been directed by the County Administrator to prepare two sets of budget reduction plans, representing net County cost reductions of 10% and 20%, to assist the Administrator in preparation of a Recommended Budget for board consideration in June; 6. ACKNOWLEDGED that this approach will require the Administrator to successfully identify added non-departmental budget savings representing roughly 5% of net County cost, and DIRECTED the Administrator to diligently pursue the identification of such savings; 7. ACKNOWLEDGED that, as stated on prior occasions, the current budget problems at the local and State levels are likely to continue through approximately FY 2007-08; 8. ACKNOWLEDGED that County departments have been encouraged to examine closer their departmental priorities, assumptions and organizational structures; 9. ACKNOWLEDGED that services to the public will be impacted by reductions of the magnitude projected for FY 2004-05,particularly in view of the budget balancing reductions the County has made in the two prior fiscal years; 10. ACKNOWLEDGED that reductions of this magnitude will unavoidably result in staffing reductions,particularly in light of the County's efforts in recent years to eliminate vacant positions; 11. DIRECTED the Administrator, through the County's Labor Relations Office, to begin as soon as practicable, discussions with employee representatives regarding the anticipated scope and scale of program and staffing reductions so that employees may be well informed; 12. ACKNOWLEDGED the importance of working with our State representatives, CSAC and the Urban Counties Caucus; as well as our colleagues in the cities and districts; in ensuring that the State budget is not balanced on the back of local government; 13. ACKNOWLEDGED that the importance of the local initiative being circulated by CSAC and the League of California Cities that would take place on the ballot a constitutional amendment making more difficult the transfer of local revenues to the State and the imposition by the State of unfunded mandates on local government; 14. DIRECTED the County Administrator to schedule a budget workshop for the afternoon of Tuesday, April 20, 2004, at which more details regarding the projected budget maybe presented; along with presentations by affected County departments, employee representatives, community-based agencies, and others who may wish to provide input; 15. DETERMINED that public hearings for the Recommended Budget for FY 2004-05 will take place at 9:00 a.m., Monday, June 14 through Friday, June 18, 2004; 16. DETERMINED that the Board will consider adoption of the Recommended Budget for FY 2004-05, including any changes directed by the Board during public hearings, at 1:30 p.m., Tuesday, June 29, 2004. After continued discussions, the Board further DIRECTED the County Administrator to : • IDENTIFY potential downstream costs; and • CONTINUE to communicate with other local government agencies, cities, school districts, and special districts and keep them apprised of our current Budget activities. 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