Project Analysis and Feasibility Report (2)

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MEMORANDUM DATE: March 18, 1998 %:~('~. FROM: Ken Roudybush, County Administrator TO: Marion County Commissioners RE: Impacts on County Budgets of Courthouse Square Project My office has worked closely with the county General Services Department to calc additional rental costs of moving county departments to the anticipated Courthouse building (please see Attachment A ). Our analysis indicates that at $1.30 per SF, the general fund will incur an additic in annual rental costs as a result of moving to Courthouse Square. My study did costs appearing in the Melvin Mark Company pro-forma; i.e., moving expenses. a worst case scenario. Our project development team believes that it may yet red footage costs to an amount less than $1.30 per SF. Under these conditions, the non-general fund departments will incur an additional rental costs. Assuming that the Courthouse Squaze project continues, the building will be ready occupation in FY 2000/2001. Therefore, additional costs to both general and non-g will not be incurred until the 2000/2001 fiscal year. As the county's budget officer, I have reviewed the county's total revenues and I a~ process of reviewing county expenditures for the upcoming fiscal years as shown i Attachment B. I have charted the expenses and revenues of the county's FY 96/97 budgets, and show the FY 98/99 expected revenues. Please note that the projected Staff and `Budgeted $' column (shaded) for FY98/99 is a duplication of the prior My example is merely to illustrate all of the different departments and category fiu which will need to be negotiated through the budget process. Some departments a departmental categories may not change, others may increase and some may decre budget for FY98/99 cannot be stated until the budget is adopted by the Board of ( in June of 1998. I have illustrated past significant budget reductions which the county has weathere the impact of Ballot Measure 5 and Ballot Measure 50, which resulted in losses of and $5,446,262 respectively. These losses primarily impacted the Marion County ~ ~ To overcome these financial challenges, we balanced our budgets through a proce~ collaboration, strategies and decision making. the $235,569 include s represents the square 395,757 in funds in the FY97/98 cai year. ng levels some non- . The final including Z,655,000 neral fund. of group