HomeMy WebLinkAboutTreasurer Jeffcom Captial Fund for ILA Bond Indebtedness 2015 Preliminary Budget NarrativeMISSION: JEFFERSON JeffCom Capital Fund for ILA Bond Indebtedness
Fund 119
JeffCom has bond indebtedness with the county. Managing the 119 Fund provides sales tax revenue designated for
Emergency Communications be properly distributed and used to pay indebtedness. Fund utilization for this manner began
with 2013 Budget cycle. Sales tax revenue will be reserved for bond payments with the balance sent to Jeff Com for
operations. A 5% reserve will be maintained ate year end.
REVENUE: 2012
Actual
2013
Actual
2014
Adopted
2015
Requested
Sales tax revenue
336,996 274,836 385,000 325,000
EXPENDITURES: 2012
Actual
2013
Actual
2014
Adopted
2015
Requested
Salaries
Benefits
Supplies
Other Services
Total
385,000
325,000
STAFFING:
% of month
2012
Actual
2013
Actual
2014
Adopted
2015
Requested
BUDGET/PROGRAM:
The Bond Indebtedness Interlocal Agreement (ILA) signed by JeffCom agencies and the county provides for
funding for debt taken out in the county’s name but to the benefit is JeffCom.
GOALS FOR FY2015:
1. Manage the fund with monthly sales tax distributions
2. Maintain a 5% reserve (based on indebtedness) (13,755)
3. Pay bond debt in a timely, accurate fashion ($275,510)
OBJECTIVES FOR YEAR 2015
1. Hone the process for the first year
PERFORMANCE INDICATORS
INDICATOR 2012
Actual
2013
Actual
2014
Actual
2015
Plan
Bond paid on time yes yes yes yes
SUMMARY OF KEY FUNDING/SERVICE ISSUES:
Sales tax revenue must be monitored to assure the volume meets expectations..