HTML Coverpage Q3Board of Supervisors 2023Information and General Services
Financial Stability and Core ServicesEmergency PreparednessEconomic DevelopmentBroadbandHousingHomelessnessRecreationClimate Resilience
Initiative DetailsComplete the Programmatic EIR and expand the permitting “tool kit” to facilitate broadband.Manage the “Last-Mile” Broadband Grant program with Sierra Business Council.Update the County's “Broadband Strategy.”Fund and implement the "Dig-Once" policy.Engage and inform the community about County efforts to expand broadband.Seek grant funding and advocate at state and federal level for broadband.Housing Master Plans ProjectSupport 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 PropertyEnsure 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
Caution
Financial Stability and Core Services
Board of Supervisors 2023

Maintain the County's financial stability and core services. 

Progress Update

Highlights from Q3 (July through September 2023) include:

As reported last quarter, there continue to be some cautionary indicators within the County's economically sensitive revenues. Estimates for the end of Fiscal Year (FY) 22-23 as reported last quarter were mostly in line with actual results. Key highlights include the following:

  • Property taxes continued to grow in FY 22-23, and at a higher rate than any of the previous five Fiscal Years (9%)
  • Transfer Taxes ended FY 22-23 less than the previous two Fiscal Years, but higher than FY 19-20 by 14%.
  • Recording fees ended FY 22-23 lower than even pre COVID-19 pandemic years
  • Transfer taxes and recording fees may be an indicator of future declines in property tax revenues. However, other key indicators of overall County economic activity performed well in FY 22-23, such as continued growth in building permit revenues and Transient Occupancy Taxes.
  • Overall, the County continues to be 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 Q4 (October through December 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.
  • Develop pre-emptive recession response plans with Fiscal Administrative Collaboration Team (FACT) to ensure departments are ready to respond quickly if/when needed

Initiatives

On Target
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
Not Started
Develop and manage County budget
Board of Supervisors 2023 | 1/1/23 - 12/31/23
Not Defined

Property Taxes
Property Taxes and Transfer Taxes

Fiscal Year

Bar chart with 2 data series.
Property Taxes (Chart Type: Column) Plot Bands FY 19-20 Total Property Taxes: $ 29,474,023.00 Year-to-Date Total (Property Taxes): $ 0.00 FY 20-21 Total Property Taxes: $ 31,015,956.00 Year-to-Date Total (Property Taxes): $ 98,290.00 FY 21-22 Total Property Taxes: $ 33,322,001.00 Year-to-Date Total (Property Taxes): $ 0.00 FY 22-23 Total Property Taxes: $ 36,372,197.00 Year-to-Date Total (Property Taxes): $ 0.00 FY 23-24 Total Property Taxes: $ 0.00 Year-to-Date Total (Property Taxes): $ 0.00
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Range: 0 to 40000000.
End of interactive chart.
Not Defined

Sales Tax
Other key general fund revenues

Fiscal Year

Bar chart with 5 bars.
Sales Tax (Chart Type: Column) Plot Bands Sales Tax FY 19-20: $ 4,118,507.00 FY 20-21: $ 4,380,609.00 FY 21-22: $ 5,693,657.00 FY 22-23: $ 4,721,315.00 FY 23-24: $ 270,731.00
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Range: 0 to 6000000.
End of interactive chart.
Not Defined

Transfer Taxes
Property Taxes and Transfer Taxes

Chart

Bar chart with 2 data series.
Transfer Taxes (Chart Type: Column) Plot Bands FY 19-20 Total Transfer Taxes: $ 1,185,336.00 Year-to-Date Total (Transfer Taxes): $ 330,951.00 FY 20-21 Total Transfer Taxes: $ 2,323,605.00 Year-to-Date Total (Transfer Taxes): $ 648,587.00 FY 21-22 Total Transfer Taxes: $ 1,998,124.00 Year-to-Date Total (Transfer Taxes): $ 613,709.00 FY 22-23 Total Transfer Taxes: $ 1,353,593.00 Year-to-Date Total (Transfer Taxes): $ 482,071.00 FY 23-24 Total Transfer Taxes: $ 236,115.00 Year-to-Date Total (Transfer Taxes): $ 236,115.00
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Range: 0 to 3000000.
End of interactive chart.
Not Defined

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 19-20: $ 551,676.00 FY 20-21: $ 764,297.00 FY 21-22: $ 885,163.00 FY 22-23: $ 1,057,645.00 FY 23-24: $ 7,046.00
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Range: 0 to 1500000.
End of interactive chart.
Not Defined

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 19-20 Adopted Budget: $ 110,149,047.00 Total Fiscal Year Cost: $ 104,095,845.00 Year-to-Date Total: $ 25,286,684.00 FY 20-21 Adopted Budget: $ 116,630,776.00 Total Fiscal Year Cost: $ 110,977,709.00 Year-to-Date Total: $ 25,773,804.00 FY 21-22 Adopted Budget: $ 120,945,065.00 Total Fiscal Year Cost: $ 116,548,852.00 Year-to-Date Total: $ 26,727,630.00 FY 22-23 Adopted Budget: $ 132,130,694.00 Total Fiscal Year Cost: $ 124,465,017.00 Year-to-Date Total: $ 27,992,458.00 FY 23-24 Adopted Budget: $ 142,541,952.00 Total Fiscal Year Cost: $ 30,500,414.00 Year-to-Date Total: $ 30,500,414.00
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Range: 0 to 150000000.
End of interactive chart.
Not Defined

Adopted Budget
Adopted Budget

Chart

Combination chart with 4 data series.
Adopted Budget (Chart Type: Stacked Column with Target Line) Plot Bands 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 FY 23-24 Total Expenditure Budget: $ 369,817,435.00 General Fund Discretionary Revenues: $ 71,740,000.00 Fed/State Revenues: $ 163,554,468.00 Other Revenues: $ 114,204,616.00
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Range: 0 to 400000000.
End of interactive chart.

Owner

MP
Martin Polt (CEO)