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Tax Revenue Predictions for The City Of Kelsey

Tax Revenue Predictions for The City Of Kelsey. By: Samuel T. Weekley QNT 562 Dr. Lester Reams November 6, 2011. Population and revenue. Population Trend. Estimated Revenue Increase. 2011 The City of Kelsey Accumulated $42,479,925 in total revenue 2012

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Tax Revenue Predictions for The City Of Kelsey

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  1. Tax Revenue Predictions for The City Of Kelsey By: Samuel T. Weekley QNT 562 Dr. Lester Reams November 6, 2011

  2. Population and revenue

  3. Population Trend

  4. Estimated Revenue Increase 2011 The City of Kelsey Accumulated $42,479,925 in total revenue 2012 City Management has predicted generated revenue estimates of $43,500,000

  5. Estimated Revenue Increase Cont’d

  6. Estimated Revenue Increase Cont’d • Major Sources of Revenue • Sales Tax • Property Tax • Franchise Tax • Highway User Tax

  7. Highway User Tax Highway User Taxes HURF funding $.05 fuel tax Motor carrier fees Vehicle license taxes Vehicle registration fees Other transportation related fees

  8. HURF Contribution HURF statewide fund: $290 million in previous FY Kelsey share = $ 3 million HURF = special revenue fund Funding allocated to Kelsey Public Works Used for highway construction projects, and maintenance

  9. Personal Services In previous FY Kelsey personal services consumed 80% of generated revenue from: Sales Tax Property Tax Franchise Tax

  10. Personal Services Cont’d

  11. Conclusion • Fiscal responsibility • Teamwork and diligence • Accurate spending trends = accurate budget

  12. References Apollo Group, Inc. (2007, 2009, 2011); City of Kelsey City Government, Census 2000, City Of Kelsey CAFR; Retrieved November 5, 2011 QNT/562 https//ecampus.phoenix.edu/secured

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