County Commissioners Approve 2023-2024 Tentative Budget

County Commissioners Approve 2023-2024 Tentative Budget

 

Yerington, Nevada – The Lyon County Board of County Commissioners met today, April 10, 2023, to approve the 2023-2024 tentative budget. Comptroller Josh Foli presented an Executive Summary of the Budget to the Board and answered questions from Commissioners on specific budget line items. The motion to approve the tentative budget, including minor revisions, was made by Commissioner Keller and approved unanimously. The second budget hearing will be posted during a regularly scheduled Board of County Commission meeting in May.

Total revenues, excluding grants, for the General Fund are projected to increase by 4.2% compared to the current fiscal year.

·       Consolidated taxes are projected to increase 3.9% and represent 47% of the General Fund revenue.

·       Property taxes in the General Fund are projected to increase 10.8% and represent 22.0% of the General Fund revenue.

Expenditures, excluding capital outlay, in the General Fund are budgeted to increase by 14.5%.

·       Salaries and wages are budgeted to increase by 9.7%.

·       Benefits are budgeted to increase by 34.9%. This is due to large increases in the PERS contribution rates, workers’ compensation rates, health insurance rates, and a recommended increase in the County’s portion of dependent health insurance coverage from 30% to 50%.

·       Services and Supplies are budgeted to increase by 7.5%.

The ending fund balance for the General Fund is projected to be 9.8% of expenditures (not including capital outlay), which is lower the Board’s recommended policy of 16.67%.

Budget Highlights

 

Significant items in budgeting for Fiscal Year 2023-2024 are as follows:

·       $400,000 in utility license fee revenue has been moved in the recommended budget to the Road Fund from the General Fund.

·       Position changes (net increases 5.55 FTE)

·       $2,800,000 has been transferred in the recommended budget to the Capital Improvements Fund from the General Fund, as it is estimated to be generated from one-time sources.

Benefit Estimates

·       PERS costs:

o   Regular employees – 33.5% (3.75% increase)

o   Sheriff sworn employees – 50.0% (6% increase)

·       Health insurance rates are estimated to increase by approximately 14%.

·       The County’s portion of health insurance dependent care coverage is recommended to increase from 30% and a cap of $300/month to 50% and no monthly cap.

·       Workers’ compensation insurance costs are estimated to increase by 20%.

Capital Outlay Requests

General Fund

·       Roof replacements at the old Courthouse – $100,000, Stagecoach Community

·       Center – $35,000, and Silver City Community Center – $50,000.

·       HVAC replacements at the Stagecoach Community Center – $30,000, Fernley

·       Justice Court – $26,000.

·       Facilities vehicle replacements – $304,000.

·       Replacement server for IT – $35,000.

·       One replacement and one new vehicle for the Animal Control – $140,000.

·       Four replacement vehicles for the Sheriff’s Office – $259,700.

·       Replace water pressure tank at Dressler Park – $40,000.

·       Mini-Excavator split between Facilities and Parks – $70,000.

Vehicle Acquisition Fund

·       Five replacement vehicles for the Sheriff’s Office – $349,000.

·       One replacement vehicle for Human Services – $35,000.

Road Improvement Fund

·       One replacement transport trailer – $105,000.

·       One mid-size excavator – $160,000.

·       One replacement truck – $55,000.

Medical Indigent Fund

·       A portion of the funding towards a Dayton Government Center – $2,500,000.

Senior Services Fund

·       Three replacement vehicles for Human Services (match for grants) – $37,935.

·       Capital Improvements Fund

·       District Court expansion and remodel (multiple year project) – $9,615,246.

·       Dayton Government Complex and possible federal appropriation match funding for

·       Sheriff Training Center, (multiple year project) – $25,185,557.

·       Silver Springs Airport improvements (FAA grant match) – $17,500.

Lyon County Utilities

·       New water tank – 10 Mile Hill (multi-year project) – $4,801,400.

·       Smokey Hills water main replacement, Phase I – $1,920,000.

·       Water meter replacement project (multiple year project) – $275,000.

·       A new mini-excavator split between Dayton Water and Sewer Funds – $70,000.

·       Two new vehicles split between Dayton Water and Sewer Funds – $140,000.

·       Rolling A Sewer Plant expansion (multiple year project) – $12,490,000.

·       Sewer gravity line replacement (multiple year project) – $3,885,100.

·       Sewer rapid infiltration basin (multiple year project) – $332,673.

·       Lift Station 1 rehabilitation (multiple year project) – $100,000.

·       Headworks screening system replacement – $60,000

The complete agenda and back up materials are posted online at www.lyon-county.org/Agendacenter.

For more information, visit our website https://www.lyon-county.org/ and follow our Facebook page https://www.facebook.com/LyonCountyNV.  Residents can view recordings of previous Board of County Commission meetings on the Lyon County YouTube Channel.