Travis County Commissioners Court
July 25, 2006
Item 22
22, receive and discuss the third revenue estimate for the fy '07 budget process. Then we will come back and pick up item number 3.
>> good morning, judge, Commissioners. I'm blaine keith with the auditor's office. We have just briefly for you this morning the third revenue estimate for the '07 budget process. It is the revenue estimate that's in your preliminary budget. It varied -- the general fund varied little from the second one. In fact, it's only about $145,000. Some things came out, a handful of fairly small budget request packages went in. The total effect was less than $150,000. So you're still at about $385.1 million, and the tax rate for the mno in this estimate is 36.26. Obviously we'll have to incorporate the final assessed valuation into the next revenue estimate. We received information on that yesterday. Still don't have the rolling stack figures, but that's fairly minor. So the fourth revenue estimate should have the the current property tax figures, pretty much the way they're going to be. We did in this one, and susan noticed it in the cover mexican-american me, we did have more reserve than before because of appeals for property taxes just to be safe. We'll watch that as we go through. We discussed this quite a bit. We really did not want to show up around the first of September and say guess what, we didn't allow quite enough. We need to take a few hundred thousand for you. So we figured take it early and then watch it as we go through. So we did do that in this estimate. This estimate also has the risk management fund and the hospital -- the health insurance fund in there for the first time. We will probably not do anything to the health insurance fund in the fourth estimate. And in the final estimate we will make whatever changes we need to make to reflect what actually happened during open enrollment. This is just our best estimate at the moment based on what you want to do for '07, but obviously we don't have the '07 enrollment figures yet since they just began. And again, for the -- for your capital projects, most of those except for the two cooperative funds, 474 and 475 are just the current fund balances, but in the next estimate we'll work with pbo and make our first solid estimate of what we think will really be left in those funds. It's not so much a revenue problem as it's a lot of work for pbo to work with the departments to see what will be spent in the last couple of months of the fiscal year. We don't have an ending balance of the capital projects until that estimate.
>> [ inaudible ].
>> I believe it's due August 21st.
>> August 21st?
>> I believe that's the date on that one.
>> we tried to delay that. We worked with pbo on that. They asked us at one point to delay that a few days to try to get everything we can before you head into markup. A couple of days sometimes gets us a little more time to get a last few things in there. That's fewer things you have to look at on that big board they bring in. So is there any questions? I'd be glad to answer them.
>> questions? Thank you very much. My thinking on that is we would look at what opportunities we have and then take action. We'll do a look-see. It may be that we don't have any takers on five.
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Last Modified:
Wednesday, July 26, 2006 10:34 AM