Fiscal Year 2013 Recommended Budget Book - Lake County

Lake County, FloridaFY 2013 Adopted BudgetComparison of Operating Budget to Total BudgetOperating BudgetActual Adopted Revised BudgetFunds FY 2011 FY 2012 FY 2012 FY 2013Countywide Funds $ 143,051,153 $ 174,651,242 $ 179,019,186 $ 164,513,903Special Revenue Funds 50,024,692 81,211,948 86,678,737 79,656,410Grant Funds 25,784,946 42,168,951 43,329,921 28,828,022Debt Service Funds 13,604,972 11,192,280 11,200,142 11,200,093Enterprise Funds 20,356,789 25,557,452 27,679,269 24,637,816Sub-Total Operating Budget $ 252,822,552 $ 334,781,873 $ 347,907,255 $ 308,836,244Less: Operating Transfers (16,351,683) (16,948,951) (18,268,296) (18,998,174)Total Operating Budget $ 236,470,869 $ 317,832,922 $ 329,638,959 $ 289,838,070Capital Project Funds $ 31,649,300 $ 55,061,392 $ 52,257,965 $ 43,062,121Internal Service Funds $ 16,112,246 $ 30,477,004 $ 29,355,066 $ 27,924,027Total BudgetCountywide Funds $ 143,051,153 $ 174,651,242 $ 179,019,186 $ 164,513,903Special Revenue Funds 50,024,692 81,211,948 86,678,737 79,656,410Grant Funds 25,784,946 42,168,951 43,329,921 28,828,022Debt Service Funds 13,604,972 11,192,280 11,200,142 11,200,093Enterprise Funds 20,356,789 25,557,452 27,679,269 24,637,816Capital Project Funds 31,649,300 55,061,392 52,257,965 43,062,121Internal Service Funds 16,112,246 30,477,004 29,355,066 27,924,027Total All Funds $ 300,584,098 $ 420,320,269 $ 429,520,286 $ 379,822,392Discussion:When comparing the operating budget with other Florida counties, the operating budget typically does not includecapital project funds (3000 series funds) or internal service funds (5000 series funds). Capital project funds mosttypically reflect borrowed revenues, such as bonds, or bank loans that are used to construct capital improvementprojects, i.e. Downtown Tavares Governmental Expansion project. Revenues in these funds typically remainappropriated for the duration of the project which may span more than one fiscal year. These projects are notconsidered part of the "operating budget".Internal Service Funds derive their revenues from charges for service to all other operating funds. They includeservices such as group insurance, property insurance and fleet maintenance. By including these funds in the operatingbudget total, it results in the double counting of expenditures. Therefore, they also are excluded from the "operatingbudget" total.Interfund transfers are deducted before calculating an "operating budget" total because they also result in the doublecounting of expenditures, first in the fund where the transfer comes from and then again in the fund that receives thetransfer. If this is not done, it would overstate the "operating budget" total.C - 3