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Agenda Item Summary


Ordinance # / Resolution #: Ordinance 2024-1910
Contact Person / Sponsor: Dennis Marstall / Administration
Department: Finance
Date Requested to be on Agenda: 6/10/2024
Council Action Requested:

To appropriate funds and to approve a detailed budget for Lancaster County for the fiscal year beginning July 1, 2024 and ending June 30, 2025; to set millage rates for the levy of ad-valorem taxes; to approve a schedule of taxes fees and charges for FY 2024-25; and to provide for matters related thereto.

 

The following are the proposed millage rates:

 

Fiscal Year
2024		 Proposed
2nd Reading
Fiscal Year 2025
Operating 88.80 91.80
Debt 6.90 6.00
Court Security 3.90 3.90
Capital Improvement 5.30 7.30
USCL 4.60 4.60
   
Total 109.50 113.60

 

FY24 Mill Value: $480,515

Estimated FY25 Mill Value: $518,035



Strategic Plan Focus Area Alignment:

Points to Consider:

Council heard the initial presentation of the budget at the May 8th Administrator's Recommended budget presentation and has held several meetings since then to get to second reading of the budget ordinance. 

 

Based on the first reading discussion by County Council, the updated budget recommendation is balanced and totals $164,276,954 with a 3.0 mil increase in the general fund, and a 2 mil increase in the capital improvement fund.

 

The overall millage increase is proposed at 4.1 mils, factoring in a reduction in the county debt millage.

 

In the attachments you can find the budget ordinance, with millage levels and proposed fee schedule.



Funding and Liability Factors:

Per SC State law, a budget must be approved by June 30 each year for the new fiscal year beginning July 1. This will set the county budget for next fiscal year.



Recommendation:

Approve the budget for FY 2025.



ATTACHMENTS:
DescriptionUpload DateType
Ordinance 2024-1910 with Attached Fee Schedule6/7/2024Ordinance