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HomeMy WebLinkAboutCounty of Midland - Public Financial ReportFiscal Year Ending December 31, 2020 Popular Annual Financial Report August 16, 2021 To the Citizens of the County of Midland: I am pleased to present the County's Financial Summary for the fiscal year 2020. This document, more commonly known as a Popular Annaul Financial Report (PAFR), is the County's second publication intended to enhance your understanding of county government and how it utilizes your tax dollars. Midland County has a solid reputation for fiscal excellence as demonstrated by our 2020 AA bond rating by Standard & Poor's (S&P). Each year, the County publishes its audit, also called the Comprehensive Annual Financial Report (AFR). Much of this information is technical and complex, resulting in a document that is not very user-friendly for the average person. Comprised of 234 pages, the AFR consists of detailed financial statements, note disclosures, supplemental schedules, and statistical tables, all of which are prepared in accordance with Generally Accepted Accounting Principles (GAAP) and the standards and guidelines set by the Governmental Accounting Standards Board. The AFR also includes an independent auditor's report stating that the information contained in the financial statements has been reviewed by the firm and that, with reasonable assurances, the financial information is complete, presented accurately, and in the correct format. Counties historically have been the "least known" local government. In contrast to cities, townships, and villages, we do not provide "daily services" like utilities (water, sewer, etc.) or trash pickup. Rather, we are "there when you need us" for things like immunizations from the Health Department, passports from the County Clerk, dog licenses from the Treasurer, or to pay a traffic ticket when necessary. The County also offers many human service related programs, such as Veterans Services, Community Corrections (including services for substance abuse), and Drug Court programs. Property taxes, intergovernmental revenue for operating grants and contributions, and charges for services finance most of these activities. We hope this document will empower you to better understand county government and enhance--not replace--the accompanying AFR, which is available for reference here. Bridgette M. Gransden, CPA, CGFM Administrator/Controller Message From the Administrator / Controller COMMUNITY VISION Together Forward Bold: An exceptional place where everyone thrives CONTENTS Message from Admin/Controller 1 Commissioners & Elected Officials 2 Learn More About County Government 3 History & Fun Facts 4 County Demographics 5 County Trends 6 General Fund Finance Information 7 General Fund Revenues 8 General Fund Expenditures 9-10 Let's Talk Special Millage 11 Other Monies Not In the General Fund 12 A Look Ahead: COVID 19 13 The Flood of 2020 14 Broadband 15 PAFR Award 2019 16 CONTACT THE COUNTY Board of Commissioners 989-832-6775 Administrator/Controller 989-832-6797 Finance Department 989-832-6786 Health Department 989-832-6380 Emergency Management 989-832-6750 Facilities Management 989-832-6790 Website: www.co.midland.mi.us FY20 Popular Annual Financial Report | 1 Elected Officials & County Judges Canine Advocates Joey & Clyde Board of Commissioners Responsibilities -Demonstrate fiscal management -Maintain credibility and build public trust -Assume leadership in the development and improvement of county programs and services -Provide for the delivery of essential services through cooperative interaction with all county elected officials, other units of government, and community agencies Objectives -Develop a responsible annual budget -Continue the pursuit of maintaining and increasing employment opportunities in the County and County areas -Encourage citizen participation in county government Mission Perform and abide by the duty to protect the health, welfare, and safety of community residents and employees FY20 Popular Annual Financial Report | 2 Scott Stephenson Sheriff J. Dee Brooks Prosecuting Attorney Douglas Enos Drain Commissioner Julie K. Atkinson Register of Deeds Catherine L. Lunsford Treasurer Ann Manary Clerk Judge Michael Carpenter 75th District Court Judge Dorene S. Allen Probate & 42nd Circuit Court Judge Stephen P. Carras 42nd Circuit Court Judge Michael J. Beale 42nd Circuit Court Learn More About County Government As the County consists of all three branches of government, there is a diverse menu of programs offered to the citizens. The Judicial branch consists of three separate courts, the Legislative branch includes the Board of Commissioners, and the Executive branch consists of the various countywide elected officials and the County Administrator/Controller. The Administrator/Controller has oversight of internal service functions (Finance, Facilities, Information Technology, GIS, and Human Resources), some mandated departments (Public Health and Equalization), and other special programs that enhance the quality of life for the community (Mosquito Control, Parks and Recreation, Emergency Management, and Public Guardianships). County Departments & Employment Demographics County Government vs. City Government -Serves as an administrative division of the State of Michigan -Serves to implement / refine state law and policy -About 70 percent of its services are mandated by state law -Its structure consists of a County Board/Controller form of government -The elected officials are autonomous -The Board sets all budgets County of Midland -Serves as a municipal corporation -Serves to produce and implement local laws and public policy (within state laws of Michigan) -Their services are allowed by Charter -Their structure consists of a Council Manager form of government -They have greater decision-making authority -All of the departments report to the City Manager City of Midland FY20 Popular Annual Financial Report | 3 245 6 28 Countywide Elected Officials Full-Time Employees Seasonal Employees Judges Part-Time Employees96 4 History & Fun Facts Midland County was established in 1850 for its distinct location and remarkable beauty. Its geography is defined by its location at the heart of Michigan and the Great Lakes Bay Region. In 1855, the County elected its first officers: a Sheriff, Register of Deeds, Treasurer, Prosecutor, Surveyor, and Probate Judge. A year later in 1856, the County build its first courthouse. Until 1970, a Board of Supervisors (one from each township) operated the County. In 1970, the State of Michigan declared that counties would have elected Commissioner Districts that are near equal in population. The County is also particularly interesting because half the population resides in the City of Midland. The other half of the population is split between the City of Coleman, the Village of Sanford, and the County's 16 townships. Five Fun Facts to Know 2. Midland is home to the Charles W. Howard Santa Claus School. Founded in 1937, it is the oldest and longest running Santa school in the world. 3. Midland County is home to over approximately 88,000 acres (187 sq. miles) of farmland. 4. Midland County is home to the longest canopy walk in the United States. 5. Midland County's seven parks cover a span of 1,130 acres of land. 1. Midland County is one of two counties in the State of Michigan that still operates an infirmary (Pinecrest Farms), Monroe County being the other. The History Buff FY20 Popular Annual Financial Report | 4 County Demographics Top Ten Employers of 2020 Rank Employer Employees 1 MidMichigan Health 4,514 2 Dow Inc.4,000 3 Midland Public Schools 1,039 4 Corteva Agriscience 800 5 DuPont 700 6 Greater Midland Community Centers 564 7 City of Midland 467 8 Three Rivers Corporation 396 9 Walmart 351 10 County of Midland 350 Demographics & Financial Facts Villages 1 Cities 2 Townships 16 Population 83,156 School Enrollment 11,991 Unemployment Rate 5.9% Median Household $62,625 Median Property Value $141,700 Per Capita Personal $55,972 Personal Income (2019)$4.654 billion FY20 Popular Annual Financial Report | 5 County Trends According to the U.S. Census Bureau, the County's estimated population has been dropping since 2011. However, there is typically a population spike the year after an annual census. The County expects to have final census data by the end of 2021. The County keeps a vigilant eye on its economic prosperity. Although the population has decreased, the amount of income per person in the community has been on the rise until 2019. This was likely due to the reorganization of our largest local industrial corporation. Per Capita Personal Income Population FY20 Popular Annual Financial Report | 6 General Fund Information Balance Sheet (December 31, 2020) Assets Cash & investment pool Receivables: Accounts Current taxes Interest Due from other governments Due from other funds Prepaids Long-term advances to other funds Long-term advances to component units Total Assets Liabilities Accounts payable Accrued wages Deposits payable Court bond & restitution payable Unearned revenue Total Liability Deferred Inflows of Resources (DIR) Unavailable revenue (property taxes) Total DIR Fund Balances Non-spendable Assigned Unassigned Total Fund Balances Total Liabilities, DIR, & Fund Balances General $9,880,338 797,505 733,409 26,075 668,747 65,957 242,262 200,000 445,089 $13,059,382 $346,568 940,185 82,218 463,313 5,072 $1,837,356 $465,085 $465,085 $887,351 1,911,674 7,957,916 $10,756,941 $13,059,382 A county's balance sheet is a statement of the assets, liabilities, and net worth of government at a point in time. Assets are a measure of how much money a county has in the bank, as well as its receivables, equipment, and property. Liabilities are a measure of debt, or monies that a county owes to different entities. Deferred Resources are county assets that are unavailable until future years. Fund Balance is comparable to an individual's savings account. Although the County faced many financial hardships in 2020, the overall net position was favorable due to an increase in federal and state grants. The ending fund balance in 2020 increased by nearly $57,000. FY20 Popular Annual Financial Report | 7 General Fund Revenues The General Fund is the County's primary operating fund which supports services mandated by the State of Michigan. The County's General Fund tax revenues consist of property taxes, which, when paid by residents, allow Midland County to fulfill its obligations. The County's intergovernmental revenues are monies collected by the State of Michigan and remitted to the County. The total General Fund Revenue for Fiscal Year 2020 was $31,395,719. Government Revenue by Source Statement of General Revenues (December 31, 2020) Revenues Taxes Intergovernmental (IG) Charges for services Licenses & permits Rental Interest earnings Miscellaneous Total Revenues General $17,025,279 7,471,588 5,616,029 201,019 16,573 139,828 925,403 $31,395,719 The Pie Chart Pie charts are great tools to display parts of a whole. This pie chart, for example, displays each of the County's general fund sources as a percentage of the overall revenue. Each percentage is rounded to the nearest whole number, with the "Grouped" category consisting of sources that make up less than 1% of the general fund: licenses & permits, rentals, and interest earnings, respectively. Revenues Taxes Intergovernmental (IG) Charges for services Licenses & permits Rental Interest earnings Miscellaneous Total Revenues Three Year Statement of General Fund Revenues 2018 Actual $16,363,937 4,990,663 6,556,823 204,829 11,328 199,276 694,818 $29,021,674 2019 Actual $16,853,196 6,043,977 6,540,530 206,065 15,333 293,042 812,406 $30,764,549 2020 Actual $17,025,279 7,471,588 5,616,029 201,019 16,573 139,828 925,403 $31,395,719 FY20 Popular Annual Financial Report | 8 9 General Fund Expenditures Government Expenditures by Type Total General Fund Expenditures for Fiscal Year 2020 were $27,428,341. The General Government expenditure category had the largest change from the prior year with an increase of over $700,000, which was primarily due to costs related to COVID-19 and response to the flooding and dam failures of May 2020. Statement of General Fund Expenditures (December 31, 2020) Expenditures General government Legislative Judicial Law enforcement & corrections Emergency services & public safety Public works Health & welfare Culture & recreation Other agencies Debt Services: Principal Interest charges Total Expenditures General $8,652,571 293,976 4,482,529 10,060,248 446,191 897 233,530 738,461 691,175 1,470,000 358,763 $27,428,341 Like the general revenues model, the pie chart above displays each of the County's general fund expenditures as a percentage of the overall revenue. Each percentage is rounded to the nearest whole number, with the "Grouped" category consisting of sources that make up less than 1% of the general fund: public works and health & welfare, respectively. The Double Pie Chart FY20 Popular Annual Financial Report | 9 General Fund Expenditures Continued Required vs. Non-Required Services Over 70 percent of General Fund dollars support programs that are mandated by the State of Michigan through Constitution, statute, or contract. The remaining 30 percent of General Fund Revenues are allocated to other services not required by the State. Expenditures General government Legislative Judicial Law enforcement & corrections Emergency services & public safety Public works Health & welfare Culture & recreation Planning & development Contribution to other post- employment benefits trust Other agencies Debt Services: Principal Interest charges Total Expenditures 2018 Actual $7,291,428 288,951 4,377,217 10,066,419 227,043 916 225,116 776,576 411 1,000,000 691,267 1,465,000 395,388 $26,805,732 Required (70%) -Board of Commissioners -Administrator/Controller -Courts -Treasurer -Clerk -Register of Deeds -Health Department -Sheriff -Jail Services -Drain Commissioner -Emergency Management -Prosecuting Attorney -Equalization Non-Required (30%) -Facilities Management -Housing -Planning -Finance -Road Patrol -Veterans Services -Human Resources -MSU Extension -Juvenile Care Center -Community Corrections -Geographic Information Systems -Public Guardian -Pinecrest Farms -Parks & Recreation 2019 Actual $7,942,347 310,777 4,475,452 9,977,383 247,530 794 226,395 862,928 16,800 694,271 1,465,000 379,273 $26,598,950 2020 Actual $8,652,571 293,976 4,482,529 10,060,248 446,191 897 233,530 738,461 691,175 1,470,000 358,763 $27,428,341 Three Year Statement of General Fund Expenditures FY20 Popular Annual Financial Report | 10 Let's Talk Special Millage Property Taxes by Category Special millages are extra voted millages that the residents of Midland County have approved to fund programs such as Ambulance Service and Mosquito Control. The total revenue generated by all millages was $34,962,625 in Fiscal Year 2020, of which $18,542,111 were from special millages. Illustrated below is a sample tax statement for a resident of Midland County whose fair market home value is $200,000. For example, this homeowner will pay $40 for Mosquito Control services. Millage General operating Ambulance service Mosquito control 911 central dispatch Gypsy moth Seniors Road ETC Pinecrest School resource officer Total Revenues Tax Dollars $489.55 55 40 70 0 85 200 25 37 40 $1,041.55 Property Tax Statement (December 31, 2020) Millage General operating Ambulance service Mosquito control 911 central dispatch Gypsy moth Seniors Road ETC Pinecrest School resource officer Total Revenues Three Year Statement of Special Property Tax Mills Total Revenue $16,127,681 1,815,345 1,386,264 2,338,664 668,190 2,804,525 6,681,897 825,157 1,221,232 $33,868,955 2017 Tax Year/ 2018 Budget Year Millage Rate 4.8955 0.5500 0.4200 0.7000 0.2000 0.8500 2.0000 0.2500 0.3700 0.0000 10.2355 2018 Tax Year/ 2019 Budget Year 2019 Tax Year/ 2020 Budget Year Millage Rate 4.8955 0.5500 0.4200 0.7000 0.0000 0.8500 2.0000 0.2500 0.3700 0.0000 10.0355 Total Revenue $16,423,113 1,845,462 1,409,262 2,380,907 2,849,782 6,802,593 838,846 1,241,493 $33,791,458 Millage Rate 4.8955 0.5500 0.4000 0.7000 0.0000 0.8500 2.0000 0.2500 0.3700 0.4000 10.4155 Total Revenue $16,420,514 1,847,565 1,342,803 2,351,446 2,855,327 6,718,418 839,961 1,242,907 1,343,684 $34,962,625 To calculate revenue, divide the fair market value by two to determine estimated taxable value. Then divide estimated taxable value by 1,000 and multiply by the millage rate. The gypsy moth millage was not levied this year and is thus nor incorporated into the doughnut chart. FY20 Popular Annual Financial Report | 11 Other Governmental Monies Special Revenues, Capital Projects, & Debt Service Special revenues are non-general funds established by the County to collect money that must be used for a specific project. Special revenue funds provide an extra level of accountability and transparency assuring taxpayers their tax dollars will go toward an intended purpose. Capital Project funds account for financial resources related to the construction of major capital projects or facilities. Recent capital projects include the Courthouse Renovation and construction of the Pinecrest facility. Debt service funds are monies the County uses to pay back long-term debt issued in order to finance specific government projects, including both the principal and interest amounts paid out. Revenues, Expenditures, & Change in Fund Balance (December 31, 2020) Revenues Taxes Intergovernmental revenue Charges for services Licenses & permits Interest earnings Donations Miscellaneous Total Revenues Expenditures Current General government Judicial Law enforcement & corrections Health & welfare Planning & development Other agencies Capital outlay Debt Service Principal Interest charges Total Expenditures Other Finance Sources Transfers in Transfers out Net Change in Balance Fund Balance Beginning of year End of year Special Revenue Funds $12,046,094 11,169,930 1,771,963 294,536 74,434 661,957 $26,018,914 $73,770 1,397,882 1,813,004 15,054,639 280,999 9,730,316 55,380 $28,405,990 $3,516,965 484,148 $645,741 $7,689,605 $8,335,346 Capital Project Funds $65,290 26,467 812,479 $904,236 114,510 5,075 830,709 $950,294 $1,362,933 11,479 $1,305,396 $5,032,843 $6,338,239 Debt Service Funds $41 $41 $300,000 74,148 $374,148 $374,148 $41 $17,160 $17,201 FY20 Popular Annual Financial Report | 12 A Look Ahead As the world continues to reel from the COVID-19 global pandemic the County is still making adjustments in program offerings and how services are delivered to the public. The pandemic challenged the way we think. We had to be more agile and explore how we did things and why. Many of our new service delivery methods are more efficient, and as a result, the County has chosen to maintain these into the future. In 2020, the County's financial forecast was facing negative trends due to the closure of our buildings to the public. Offices that generate high revenue from traffic fines, boarding inmates, and various charges for services saw very little activity. The infusion of CARES Act money from the federal and state governments helped offset those losses, fortunately allowing the County to end the year in a solid position. In 2021, the County still lags in revenue generating activity in several departments, causing a reduction in the estimated collections for the year. The business community continues to maintain steady operations despite the challenges related to COVID-19. Many of those businesses that remain, however, are struggling to fill vacant positions, and some have reduced hours as a way of managing this issue. Although the reopening of many organizations has helped to reduce the trend, unemployment remains higher than normal. In spite of the ever-changing environment, we maintain a positive outlook about the future and applaud the resilience of this community. FY20 Popular Annual Financial Report | 13 The Lasting Impact of COVID-19 A Look Ahead After the historic flooding and dam failures in May of 2020, Midland and Gladwin Counties, in conjunction with the Four Lakes Task Force, took action to condemn (imminent domain) all four dams and bottomlands owned by Boyce Hydro. In December of 2020, the courts settled the agreement and the Counties took ownership of the properties. Midland County would now own the Sanford Dam and the surrounding property, including the bottomlands, that had been privately held for nearly 100 years. As the County's designated authority, Four Lakes Task Force (FLTF) has continued to manage all projects related to the dams, including debris cleanup, soil erosion control, and weed control on the bottomlands, to name a few. FY20 Popular Annual Financial Report | 14 FLTF President, Dave Kepler, has worked diligently with legislators at both the state and federal level to gain financial support in an effort to help restore the dams. The goal is to rebuild the dams with modern safety controls that will avoid failures like those in 2020. Prior to rebuilding, however, various studies to determine capacity and hydrology will be completed and shared with the counties and respective communities. The County, partnering with the Midland Business Alliance Infrastructure Committee, is also engaging the United States Army Corps of Engineers to assist with studies related to the flood paths of the waterways which effect Midland County. The County hopes for this study to be underway by 2022. Currently, the County has made progress on several of its restoration projects on facilities that were damaged by the flood. The photos below show the Courthouse parking lot after the flood (left) and the final lot once restored (right), respectively. Midland County's Long Term Investment: Flood Recovery, Dam Ownership, & the Four Lakes Task Force A Look Ahead A positive to come from COVID-19 was the light shone on the need for high speed internet access (broadband) in people's homes. The thought that broadband was a luxury became a thing of the past as the County realized this "utility" would be what powered remote work, allowed businesses to operate from home, hosted medical visits online, and converted kitchen tables into classrooms. Unfortunately, this "utility" is not easily accessible or affordable for everyone, especially in rural areas of Midland County. Thanks to the financial support from the Midland Area Community Foundation and the Midland Business Alliance, the County secured a study through Connected Nation Michigan that included survey data on connectivity from residents, businesses, students, nonprofits, seniors, and vendors. The study revealed what the County already expected: there is room for progress. As this was a phenomenon happening across the country, the County began seeing various buckets of grant dollars available to help fund studies, planning and infrastructure related to expanding broadband access. Midland County, the Midland Business Alliance, and the Midland Area Community Foundation have formed a committee to determine next steps, garner funding, and keep moving these projects forward for the betterment of residents. FY20 Popular Annual Financial Report | 15 Midland Broadband Committee: High Speed Internet is No Longer a Luxury FY20 Popular Annual Financial Report | 16