Board General Fund

The Board General Fund, commonly referred to as the General Fund, is the main operating fund for the County and provides for a wide array of services. Services depending on the General Fund include Law Enforcement, Emergency Medical Services, Emergency Management, Parks and Recreation, Libraries, Veterans Services, Senior Services, Human Services, Information Technology, Facilities Management, Debt Payments, and many Capital Projects.

The General Fund Budget is $596,408,774 in FY 2024.

Major revenue sources for the FY 2024 General Fund Budget include:

Ad Valorem taxes represent a levy on the assessed value of real and personal property. The adopted millage rate for FY 2024 is 7.5700, which is a decrease of 0.0376 compared to FY 2023. The primary revenue source for the General Fund is the Ad Valorem tax which makes up 58% of total revenues. FY 2024 property tax revenue is $47,169,272 greater than in FY 2023 as a result of increased property values, despite the decrease in the Ad Valorem millage rate.

The Ad Valorem revenue generated by the FY 2024 millage rate is based on the July 1, 2023, assessed value provided by the Pasco County Property Appraiser’s Office. Tax Year 2024 gross taxable property value was certified by the Pasco County Property Appraiser as $47,662,625,948. Houses of worship, schools, and State and Federal property are exempt from paying Ad Valorem taxes.

The State and County share the proceeds from a number of revenue sources. These include half-cent sales tax and State-shared revenue (the County receives a portion of cigarette tax, sales tax, and use taxes).

Charges for Service are a broad category of revenues that are generally related to a fee for service or a user fee. For example, ambulance fees, park fees, and library fees are all considered proprietary fees and are included.

Miscellaneous Revenues include interest income, Interfund transfers, Indirect costs, permits, fees, special assessments, and fines. Indirect costs are costs charged by one fund to another for services which cannot be charged directly to a particular project or function, such as Administration, Personnel, Facilities Management, and Purchasing.

Another source of Miscellaneous Revenue is Fund Balance. Fund Balance is the difference between revenues and expenditures from previous years. For example, while personnel costs are budgeted under the assumption that positions will be filled the entire year, retirements and other personnel moves occur leaving unspent funds which then accrue to Fund Balance. This is a non-recurring revenue source. State statute requires expected fund balances be budgeted.

Overall, the General Fund Budget increased $38,447,705 from FY 2023's Adopted Budget to FY 2024's Adopted Budget.