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Clerk Budgets

Clerk Budgets. CCOC Briefing to New Clerks on Status of Revenue and Upcoming Budget Process. New Clerk Training March 11, 2014 Tallahassee, Florida. How are we funded?. Sharing of revenues Depository and funded clerks Annual and monthly process Process for projecting revenues

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Clerk Budgets

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  1. Clerk Budgets CCOC Briefing to New Clerks on Status of Revenue and Upcoming Budget Process New Clerk Training March 11, 2014 Tallahassee, Florida

  2. How are we funded? • Sharing of revenues • Depository and funded clerks • Annual and monthly process • Process for projecting revenues • Revenue situation and outlook • CFY 2013-14 • Future years

  3. Sharing of Revenues s. 28.36(3), FS • Clerks projected $449 million revenues statewide • Budget authority $443 million • 46 funded clerks - $27 million shortfall • 20 depository clerks - $33 million surplus

  4. Process to Share Revenues s. 28.36(3), FS • Beginning of year determine surplus/funded clerks • Notify clerks through letter from CCOC • Depository clerks send excess funds to clerks’ TF • CCOC certifies funding need clerks to governor • Governor may approve release of funds – release monthly • CCOC monitors clerks’ TF balance

  5. Projecting Revenues s. 28.35(2)(f)6 and s. 28.36(2)(a), FS • CCOC uses both state estimating conference revenue projections and individual clerk projections • Estimating conference meets 3 to 4 times annually • CCOC participates in conference • Clerks project revenues in annual budget request • At times CCOC will ask clerks to update projections

  6. Revenue Projections • Projections are projections • Projections change

  7. Most Recent Projections • Estimating conference – Feb 2014 • CFY 2013-14 - $442.4 million • Was $455.4 million at Dec 2013 conference • CFY 2014-15 - $457.2 million • Was $462.2 million at Dec 2013 conference • Clerks projections – Sep 2013 • CFY 2013-14 - $449.0 million • Awaiting recent survey results - $_____ million

  8. Revenue Outlook for Current Year • Will there be sufficient dollars to fund clerks approved budgets? • Are there other dollars that could be placed in the clerks TF to help? • And if revenues are short?

  9. Budget Process - Upcoming Dates • March 27 and 28, 2014 • Finance and Budget Committee meeting • April 15, 2014 • Budget forms and instructions to be release • April and May, 2014 • Multiple training sessions • June 1, 2014 • Clerk budget requests due to the CCOC • June and July, 2014 • Technical reviews and analyses Page 1 of 2

  10. Budget Process - Upcoming Dates • Early July, 2014 (Date still TBD) • Last date to revise budget request • July 22 and 23, 2014 • Finance and Budget Committee deliberations and recommendations • Late July, 2014 (Date still TBD) • Executive Council develops of Legislative Budget Request (LBR) • August 1, 2014 • Clerks’ LBR to be submitted to Legislative Budget Commission (LBC) • By October 1, 2014 • LBC action Page 2 of 2

  11. Budget Process - Lessons Learned • Gross versus net • Justify increases • Policies and principles • Realistic requests • Common technical issues and mistakes • Projections and allocations

  12. Clerk Budgets CCOC Briefing to New Clerks on Status of Revenue and Upcoming Budget Process New Clerk Training March 11, 2014 Tallahassee, Florida

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