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2011 Revenue Survey

2011 Revenue Survey . Probable Trends. Valuation Growth – Will show slow growth again in 2011 affecting the 2012 mill levy rate. Sales Taxes – Since 2007, sales tax collections ( from the City’s 1¢ sales tax ) has hovered around $9.4 million.

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2011 Revenue Survey

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  1. 2011 Revenue Survey

  2. Probable Trends Valuation Growth – Will show slow growth again in 2011 affecting the 2012 mill levy rate. Sales Taxes – Since 2007, sales tax collections (from the City’s 1¢ sales tax) has hovered around $9.4 million. Franchise Fees – Citywide growth continues to annually add to this major revenue source. Trend : Edging Up 1.5% to 2.0% Trend : Edging Up 2.0% to 3.0% Trend : Strong 6.0% to 10.0%

  3. Probable Trends Beginning Cash Balances – Although this revenue source does not have a “community growth” aspect, it remains a very important part of all budgeted funds. Trend : Flat (2.0%) to +2.0% depending on the budgeted fund Transfers– This revenue source also does not have a “community growth” aspect, but is very important to the General Fund and Bond & Interest Fund Trend : Flat (2.0%) to +2.0% depending on available revenues

  4. Revenue Sources for the 2011 City Budget

  5. Revenue Sources for the 2011 City Budget Including: Airport revenues, investment income, BID revenues, motor vehicle taxes, licenses and permits, sales and services, recreation fees, Sunset Zoo revenues, municipal court revenues, swimming pool fees, animal shelter revenues, CDBG revenues, delinquent taxes, etc. By individual category, each revenue source would be well less than 1% of the total City Budget. Collectively, they are a significant source of revenues for the annual City budget.

  6. Beginning Cash Balances All budgeted funds Only 21% of the beginning cash balance in 2011 is related to property tax funds ($5,749,288). Of that percentage (21%), about 83% are beginning balances in the General Fund and Bond & Interest Fund.

  7. Beginning Cash Balances All budgeted funds 72% of the difference between these two amounts ($8,738,167) is explained by: Enterprise Funds = $3,961,390 Economic Development Fund = $2,299,771

  8. Changes in Cash Balances General Fund

  9. General Fund

  10. General Fund Revenues Actual General Fund Expenditures: $ 21,238,424

  11. 2012 General Fund Revenues Beginning Cash 5.5% Property Taxes 12.2% 86% of $ 23,916,541 Budgeted revenues forecasted Municipal Court Revenues 6.2% Sales Taxes 9.6% Transfers 32.6% Franchise Fees 19.0%

  12. Bond & Interest Fund

  13. Bond & Interest Fund Revenues Actual

  14. 2012 Bond & Interest Fund Revenues Beginning Cash Property Taxes 11.6% 5.3% 8.7% Special Election Sales Tax 100% of $ 20,712,300 revenues forecasted. Special Assessments 8.5% STAR Bond Revenue 29.1% Sales Tax Transfer 18.0% TIF Bond Revenue 7.0% Other Revenues are less than 1%

  15. Enterprise Funds

  16. Water Fund Rates 0 to 2 units 0 to 2 units 3 to 20 units 3 to 20 units 21 to 400 units 21 to 400 units 401 or more units 401 or more units

  17. Waste Water Fund Rates 0 to 2 units 0 to 2 units Every unit over 2 Every unit over 2

  18. Storm Water Fund Rates Only residential storm water rates are shown above

  19. Questions, please? First Budget Work Session May 24th

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