Courthouse Square Internal Staff Team Minutes

Home Browse Search

t DRAFT DATE: March 18th ,1998 FROM: Ken Roudybush, County Administrator TO: Marion County Commissioners RE: Impacts on Budgets of Courthouse Square Project Over the past several months, my office has been working closely with the County General services department to calculate the additional rental costs of moving County departments to the anticipated Courthouse Squaze building, (Please see Attachment _). Marion County expects that the County General Funds will incur an additional $218,500 in annual rental costs as a result of moving certain departments to the Courthouse Square at a rental rate of $1.30 per SF. The impacts to the County non General Funds, under these same conditions, is $395,757. My study did not include any one time costs such as moving which are included in the Melvin Mark Company pro-forma. As the County's Budget Officer, I have reviewed the County's total revenues and am in the ~, process of reviewing county expenditures for the upcoming Fiscal Year 1998-99. As can be seen on Attachment ---, for the purposes of explanation, I have charted out the expenses and revenues of four of the County's Fiscal Year Budgets, beginning in FY96-97 and concluding in FY99- 2000. Where significant budget reductions have occurred I have illustrated these such as the Impact of Ballot Measure 5 and Ballot Measure 50, which resulted in losses of $2,650,000 and $5,446,262 respectively to Marion County. For both these significant measures, we adjusted our budgets, through a process which involved group collaboration, strategizing and decision making which led eventually to a balanced budget. Since we have just begun the FY98-99 budget process, there are still significant fiscal information gaps for in both revenues and expenditures for both FY98-99 and the following fiscal year, as I have illustrated on attachment . However, even at this preliminary stage, I am confident that Marion County will receive an additional increase of approximately $2.1m in revenues. Therefore, by order of magnitude, the additional impact of $218,500 in annual rental costs to the County General Fund to move to the anticipated Courthouse Square is diminutive, and although our budgetary collaborative process has not been completed, it appears that at this stage, Marion County will have adequate resources to absorb this additional General Fund cost. ~