Inyo County: Budget AnalysisPresented by Amber Baumann

“The vision of Inyo County Government for its public is to provide responsive decision making while supporting cultural and historical values, the natural environment, and rural quality of life.”

2011/2012 Budget Message

Revenues and Expenditures Trend

2006 / 2007 2007 / 2008 2008 / 2009 2009 / 2010 2010 / 201146,000,000

48,000,000

50,000,000

52,000,000

54,000,000

56,000,000

58,000,000

60,000,000

62,000,000

64,000,000

66,000,000

TOTAL GENERAL COUNTY REVENUESTOTAL GENERAL EXPENDITURES AND TRANSFERS

Total Revenues

Total Taxes29%

License Permits and Franchises

1%

Fines, Forfeitures, and Penalties

3%

Revenue from the Use of Money and Property

1%

Total Aid57%

Charges for Current Services8%

Miscellaneous Revenue0%

Other Financing Resources0%

Aid from Other Governmental Agencies

State57%Federal

28%

Other Aid15%

Tax Revenues

Property Taxes79%

Sales and Use Taxes6%

Property Transfer0% Transient Lodging

15%

Aircraft0%

Expenditures

General17%

Public Protection39%

Public Ways and Facilities14%

Health 15%

Sanitation1%

Public Assistance11%

Education1%

Recreation and Cultural1%

Debt Service1%

Long Term Debt

Compensated Absences28%

Compensated Absences- Enterprise

2%

Insurance Claims Liability4%

Landfill Closure and Post Closure

66%

Reserve Policy

General Fund Balances at the end of the fiscal year usually end up being somewhere between $300,000 and $400,000

Funds are then used to balance the next year’s budget

General Fund Balances are primarily attributed to salary savings, lower-than-anticipated expenditures, and achieving budgeted revenues

Geothermal Royalties- Coso Hot Springs

Geothermal leases generated approximately 3.75 billion kilowatt hours of electricity in 2011, enough for 375,000 people

U.S. Bureau of Land Management, 2012

Budget Analysis- GFOA

Excels in organization, inclusion of departmental line-item budgets, and overall financial reporting

Proficient financial summaries, capital and debt information

Needs work in outlining the financial structure and process, long range financial plans and strategies, as well as inclusion of statistical and supplemental county data