FY 2010-11 Adopted Budget - Volusia County Government

Change FromFY 2010-11General Fund RevenueFY 2009-10(Millions)Ad Valorem Taxes at 5.3005 Mills ($23.1)Sale of Surplus Equipment (1.3)Transfer from Other Funds 1.3Proceeds from Notes Payable (2.2)Appropriated Fund Balance 10.0All Other 0.1Total General Fund Revenue ($15.2)Ad Valorem Taxes – The ad valorem tax revenue will generate $133,015,411, or 60.2% of all GeneralFund revenues based on the recommended millage rate of 5.3005, which is 0.06779 mills below the prioryear’s rate of 5.36829. The County experienced a 14.0% devaluation of Countywide property valuescompared to a 17% devaluation last year. The recommended millage rate is 0.09137 mills below therolled-back rate of 6.2142. A rolled-back tax rate generates the same revenue as in the previous year, lessrevenues associated with new construction.Sale of Surplus Equipment – The FY 2010-11 budget is $132,000 compared to last year’s $1.4 millionbased on timing of the sale of surplus equipment such as Sheriff’s helicopters.Transfer From Other Funds – The $1.3 million increase from $4.5 million in FY 2009-10 to $5.8 million inFY 2010-11 is a result of reallocation of additional Sales Tax funds due to payoff of pledged debt service inthe prior year.Proceeds from Notes Payable – No borrowing is included in the budget submittal.Appropriated Fund Balance – Appropriated Fund Balance carryover is predicated on analysis of excessrevenue and expenditure savings from the prior year, resulting in $46.4 million in carryover revenue. Thedirection given to all operating departments was to look for ways to reduce costs and to hold the line lastyear. Many operating departments have delayed filling positions and making operating purchases.Additionally, several positions were placed on “Unfunded” status during FY 2009-10.Volusia County Section D - 27