HTML Coverpage Q2Board of Supervisors 2023
Financial Stability and Core ServicesEmergency PreparednessEconomic DevelopmentBroadbandHousingHomelessnessRecreationClimate Resilience
Initiative DetailsTrack Deliverables for the Economic Development Service Contract with Sierra Business CouncilImplement Last Mile Broadband Projects (Round 1)Maintain GoNevadaCounty.com to promote sustainable tourismAdopt a policy declaring “Broadband is essential infrastructure” to signal this is a County priority. Complete the Programmatic EIR and expand the permitting “tool kit” to facilitate broadband.Manage the “Last-Mile” Broadband Grant program with Sierra Business Council.Evaluate the feasibility of a pilot “line extension” grant program. Update the County's “Broadband Strategy.”Fund and implement the "Dig-Once" policy.Develop a map of projects in the County to show service areas and gaps. Engage and inform the community about County efforts to expand broadband.Seek grant funding and advocate at state and federal level for broadband.Partner with the Sierra Business Council to support Economic Development countywide.Provide support to small businesses impacted by Covid-19 pandemic.Provide support to small businesses impacted by Covid-19 pandemic.Support development of the Higgins Area PlanDevelop a cannabis business tax programHousing Master Plans ProjectSupport development of the Penn Valley Community CenterIdentify lessons learned and opportunities to enhance permitting processesEconomic Development ProfileSupport potential high growth sector developmentCultivate economic diversification, sustainability and equityEstablish infrastructure, further projects and plans to support economic vitalitySeek funding and advocate for economic development prioritiesSupport business attraction, retention and growthFinalize and approve the Nevada County Recreation and Resiliency Master Plan.Promote health and safety at river crossings, lakes, trailheads, and other high-use or high-risk areas.Enhance recreation access, health and safety, economic development, and resource conservation.Support capacity and sustainability of Western Nevada County organized recreation.Identify funding mechanisms and act on advocacy priorities to sustain recreation.Staff recreation collaborative(s) to promote countywide coordination.Establish partnerships to advance and undertake broadband construction projects.Community CoordinationMonitor economically sensitive revenues Reduce Hazardous Vegetation on County-Maintained Roads and County Owned PropertyTruckee Lofts ProjectEvaluate the options and feasibility of establishing a Business License process in the County.Ensure healthy fund balances in major operating fundsPrepare and implement long-term financial plansDevelop and manage County budgetClimate Strategic PlanHarden Critical InfrastructureEnhance Carbon Storage and SequestrationFunding and AdvocacyHazard MitigationRecoveryIncrease availability of rental and mortgage assistance funding to prevent individuals and families from slipping into homelessness and implement a CoC-wide diversion strategyExpand services and housing opportunities to transition aged youth and families with children to prevent entry into the adult homeless system and long-term homelessness.Strengthen housing focused case management and post housing supportive servicesExpand year-round shelter capacityImplement a centralized Landlord Liaison Program (LLP)Facilitate and promote partnerships for the development of affordable and supportive housingExpand and strengthen non-congregant, navigation-based, interim housing optionsSupport system wide improvement to data collection measures, collaboration on funding opportunities, and implementation of the County-CoC joint strategic planStrengthen the coordinated multi-disciplinary case conferencing team (Homeless Resource Team)Continue to support and strengthen outreach, engagement, and case management
On Target
Financial Stability and Core Services
Board of Supervisors 2023

Maintain the County's financial stability and core services. 

Progress Update

Highlights from Q2 (April through June 2023):

As reported last quarter, there continue to be some cautionary indicators within the County's economically sensitive revenues. Specifically, transfer taxes and recording fees are softening, which may be an indicator of future declines in property tax revenues. However, other key indicators of overall County economic activity remain healthy, such as continued growth in building permit revenues and Transient Occupancy Taxes. Overall, the County is in a stable fiscal position with no immediate threats to the delivery of core services. Our position is bolstered by:

  • Healthy fund balances
  • Robust fiscal policies
  • Long-range planning for known and anticipated significant projects

Next Steps

Plans for Q3 (July through September 2023) include:

  • Closely monitor transfer tax and recording fee revenues as leading indicators of future property tax revenue trends.
  • Closely monitor other economically sensitive revenues for signs of significant reduction.
  • Continue implementation of long-range financial plans as presented at the January 2023 Board Workshop.

Initiatives

Caution
Monitor economically sensitive revenues
Board of Supervisors 2023 | 1/1/23 - 12/31/23
On Target
Ensure healthy fund balances in major operating funds
Board of Supervisors 2023 | 1/1/23 - 12/31/23
On Target
Prepare and implement long-term financial plans
Board of Supervisors 2023 | 1/1/23 - 12/31/23
On Target
Develop and manage County budget
Board of Supervisors 2023 | 1/1/23 - 12/31/23
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Property Taxes
Property Taxes and Transfer Taxes

Fiscal Year

Bar chart with 2 data series.
Property Taxes (Chart Type: Column) Plot Bands FY 18-19 Total Property Taxes: $ 28,134,551.00 Year-to-Date Total (Property Taxes): $ 28,103,161.00 FY 19-20 Total Property Taxes: $ 29,474,023.00 Year-to-Date Total (Property Taxes): $ 29,427,873.00 FY 20-21 Total Property Taxes: $ 31,015,956.00 Year-to-Date Total (Property Taxes): $ 30,989,310.00 FY 21-22 Total Property Taxes: $ 33,322,001.00 Year-to-Date Total (Property Taxes): $ 33,300,195.00 FY 22-23 Total Property Taxes: $ 35,885,997.00 Year-to-Date Total (Property Taxes): $ 35,885,997.00
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Sales Tax
Other key general fund revenues

Fiscal Year

Bar chart with 5 bars.
Sales Tax (Chart Type: Column) Plot Bands Sales Tax FY 18-19: $ 4,178,089.00 FY 19-20: $ 4,118,507.00 FY 20-21: $ 4,380,609.00 FY 21-22: $ 5,693,657.00 FY 22-23: $ 3,282,855.00
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Transfer Taxes
Property Taxes and Transfer Taxes

Chart

Bar chart with 2 data series.
Transfer Taxes (Chart Type: Column) Plot Bands FY 18-19 Total Transfer Taxes: $ 1,228,338.00 Year-to-Date Total (Transfer Taxes): $ 1,207,358.00 FY 19-20 Total Transfer Taxes: $ 1,185,336.00 Year-to-Date Total (Transfer Taxes): $ 1,185,336.00 FY 20-21 Total Transfer Taxes: $ 2,323,605.00 Year-to-Date Total (Transfer Taxes): $ 2,304,459.00 FY 21-22 Total Transfer Taxes: $ 1,998,124.00 Year-to-Date Total (Transfer Taxes): $ 1,999,428.00 FY 22-23 Total Transfer Taxes: $ 1,329,675.00 Year-to-Date Total (Transfer Taxes): $ 1,329,675.00
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Transient Occupancy Tax
Other key general fund revenues

Fiscal Year

Bar chart with 5 bars.
Transient Occupancy Tax (Chart Type: Column) Plot Bands Transient Occupancy Tax FY 18-19: $ 577,052.00 FY 19-20: $ 551,676.00 FY 20-21: $ 764,297.00 FY 21-22: $ 885,163.00 FY 22-23: $ 835,525.00
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Salaries and Benefits Costs YTD vs. Actual vs. Adopted Budget
Salaries and Benefits Costs

Fiscal Year

Combination chart with 3 data series.
Salaries and Benefits Costs YTD vs. Actual vs. Adopted Budget (Chart Type: Column) Plot Bands FY 18-19 Adopted Budget: $ 103,833,696.00 Total Fiscal Year Cost: $ 98,583,149.00 Year-to-Date Total: $ 95,284,341.00 FY 19-20 Adopted Budget: $ 110,149,047.00 Total Fiscal Year Cost: $ 104,095,845.00 Year-to-Date Total: $ 98,906,200.00 FY 20-21 Adopted Budget: $ 116,630,776.00 Total Fiscal Year Cost: $ 110,977,709.00 Year-to-Date Total: $ 105,492,308.00 FY 21-22 Adopted Budget: $ 120,945,065.00 Total Fiscal Year Cost: $ 116,548,852.00 Year-to-Date Total: $ 110,521,841.00 FY 22-23 Adopted Budget: $ 132,130,694.00 Total Fiscal Year Cost: $ 124,214,559.00 Year-to-Date Total: $ 121,817,935.00
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Adopted Budget
Adopted Budget

Chart

Combination chart with 4 data series.
Adopted Budget (Chart Type: Stacked Column with Target Line) Plot Bands FY 13-14 Total Expenditure Budget: $ 183,473,716.00 General Fund Discretionary Revenues: $ 40,800,000.00 Fed/State Revenues: $ 80,396,176.00 Other Revenues: $ 59,571,828.00 FY 14-15 Total Expenditure Budget: $ 200,066,856.00 General Fund Discretionary Revenues: $ 42,760,000.00 Fed/State Revenues: $ 85,382,691.00 Other Revenues: $ 65,476,214.00 FY 15-16 Total Expenditure Budget: $ 201,247,431.00 General Fund Discretionary Revenues: $ 46,200,000.00 Fed/State Revenues: $ 85,294,495.00 Other Revenues: $ 64,063,381.00 FY 16-17 Total Expenditure Budget: $ 213,963,886.00 General Fund Discretionary Revenues: $ 48,130,000.00 Fed/State Revenues: $ 91,623,660.00 Other Revenues: $ 69,855,674.00 FY 17-18 Total Expenditure Budget: $ 229,371,029.00 General Fund Discretionary Revenues: $ 50,570,000.00 Fed/State Revenues: $ 94,105,003.00 Other Revenues: $ 75,638,495.00 FY 18-19 Total Expenditure Budget: $ 235,688,597.00 General Fund Discretionary Revenues: $ 53,540,000.00 Fed/State Revenues: $ 93,925,926.00 Other Revenues: $ 82,948,853.00 FY 19-20 Total Expenditure Budget: $ 257,960,143.00 General Fund Discretionary Revenues: $ 56,150,000.00 Fed/State Revenues: $ 102,543,021.00 Other Revenues: $ 90,667,745.00 FY 20-21 Total Expenditure Budget: $ 266,002,423.00 General Fund Discretionary Revenues: $ 53,630,000.00 Fed/State Revenues: $ 107,449,168.00 Other Revenues: $ 90,011,508.00 FY 21-22 Total Expenditure Budget: $ 299,864,980.00 General Fund Discretionary Revenues: $ 61,060,000.00 Fed/State Revenues: $ 136,150,502.00 Other Revenues: $ 100,038,796.00 FY 22-23 Total Expenditure Budget: $ 330,738,238.00 General Fund Discretionary Revenues: $ 67,020,000.00 Fed/State Revenues: $ 147,825,361.00 Other Revenues: $ 107,671,616.00
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Owner

MP
Martin Polt (CEO)