Revised%20Operating%20Budget

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Revised OperatingBudget
Presented to the Florida Citrus
Commission October 22, 2008
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Revised Operating Budget

• Todays Agenda
• General premises
• Standard procedures
• Box/revenue changes
• Expenditure adjustments
• Seek tax rate, program and budget approval
• PO
• PG, FG
• FO, FS
• Fund balance projections

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Revised Operating Budget

• General Premises
• Fund citrus disease research at 20 million
• FCC will address excess funds as they become
  available
• Did not include
• Federal funds for disease research
• Additional opt out funds
• Recommend tax rates at 2007-08 level

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Revised Operating Budget

• Standard Procedures
• Review Available Funds
• tax revenue
• other income
• federal grants
• Review Proposed Expenditures
• required adjustments
• general revenue service charge
• Reserves

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Revenue Boxes (millions)
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Estimated Tax Revenue (000s)
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Comparison of Available Funds (000s)
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Comparison of Expenditures(000s)
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Comparison of Available Funds - PO (000s)
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Comparison of Expenditures PO(000s)
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Comparison of Available Funds PG/FG (000s)
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Comparison of Expenditures PG/FG(000s)
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Comparison of Available Funds FO/FS (000s)
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Comparison of Expenditures FO/FS(000s)
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Fund Balance(000s)
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Revised Budget(000s)
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Financial ExecutiveSummary

• Presented to the Florida Citrus Commission
• October 22, 2008

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Financial Executive SummarySeptember 30, 2008

• Cash on Hand is 20.7 million
• Tax revenue increase 1.0 million
• Total expenditures are 2,000,000 less than last
  year
• General operational expenditures are 388,000
  less than last year