Travis County Commissioners Court
Tuesday, July 27, 2010,
Item 22
>> if there's nothing else on item -- that we just discussed, 15, we will call up number 22, mr. Blaine. 22 is receive and discuss the third revenue estimate for the fiscal year 2011 budget pro process.
>> good morning, judge and commissioners. As p.b.o. Said, the third estimate is the basis for the preliminary budget.
>> right.
>> and it's at 46.58 cents. The general fund for 87.5 million is up about 2.4 million from the second estimate. Two-thirds of that increase is because of increase in the beginning balance. P.b.o. Lowered their forecast of expenditures this year and we identified a couple one-time revenues for this year that allowed us to bump up our forecast of 2010 revenues. There was just a very slight bump in current year revenues in the third estimate. We had gotten a revised tax run that added about 700,000. We did not, of course, at that time have the a.v. That's come in so that will be in the next one. There's one budget request package in this estimate that was not the last one. In fact, it's about the only revenue-driven budget request package i think in the budget this year. It's a small one. It was for one clerk in constable 4. At p.b.o.'s request we did include that. Other than that, the general fund is very much like it was in the second estimate. There were some changes in the other funds. We do have the risk management employees health fund estimates in this third estimate. Of course, the health fund estimate is based on current enrollment. We'll revise that as we always do in the fifth estimate as we've gone through open enrollment and we know what people really have signed up for. We did include a first estimate of revenue for the 700 lavaca complex fund, as we call it. The auditor wanted to be conservative on this one since this is generally net revenue. We expect that since this -- the development of this fund is still very much in transition that we will see some adjustments as we do the fourth and fifth estimates. This is our best estimate at the moment. The road and bridge fund did come up in this estimate about a million dollars because of some revised expenditure forecasts by p.b.o. So it's back up to about the $20 million level. And the debt service did go down a tenth of a cent to 8 cents. That's where i suspect pretty much where it will stay. The auditor wanted to give you what she felt was a good estimate for your preliminary budget, but there are some things we're still being -- we're watching and we're a little conservative on. We know we're doing well on tax revenues, but there's some other revenues that are fairly level or maybe dropping off a little. Our friend interest in revenue being the prime culprit. We're a little conservative on those. We have not assumed much in the way of change on those next year unless it's down. We're hoping that maybe some of those will come up in later estimates, but they may or they may not. But the auditor wanted to give you what she thought was a good estimate for your preliminary budget. As i say, we will complete the fourth one and have it done by the 24th of august and we'll bring it to court to talk to you about it the next tuesday.
>> okay.
>> we would be glad to answer any questions you have on this revenue estimate.
>> questions? Thank you, mr. Keith.
>> thank you.
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Last Modified:
Tuesday, July 27, 2010 2:25 PM
