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Consultants present five‑year financial plan; Fiscal Court discusses $15M capital program and staffing needs
Summary
Consultants from Compass Municipal presented a five‑year pro forma that assumes conservative revenue growth and targets a 30% fund balance. The model shows a baseline $15 million capital program (proposed split: $10M debt, $5M cash), and magistrates discussed debt timing, potential hires, and a recommended 3.75% COLA for employees (estimated $1.5M).
Consultants Michael George and Keith presented a granular five‑year financial plan and a summary pro forma to Scott County’s Fiscal Court, outlining revenue and expenditure assumptions and offering scenarios to help the county meet a 30% fund balance target.
Michael said the plan uses conservative assumptions: 5% annual property tax growth, 4% occupational license tax growth in the near term, a 10% increase in insurance and medical expenses for FY27 with a 5% pace thereafter, and a placeholder assumption of adding one sheriff deputy per year in the model. He said the model was built to keep the court above a 30% fund balance target and to allow quick scenario adjustments.
On the capital side, the…
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