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Financial Update. January 2011. Total General Fund Revenues. Total Revenues in FY11 are running about $2.2M higher than budgeted Updated FY12 Revenues are now $3.0M more than planned. General Property Taxes. Increases in: Real Estate growth Personal Property values Machinery & Tools
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Financial Update January 2011
Total General Fund Revenues • Total Revenues in FY11 are running about $2.2M higher than budgeted • Updated FY12 Revenues are now $3.0M more than planned
General Property Taxes • Increases in: • Real Estate growth • Personal Property values • Machinery & Tools • Public Service
New Construction Building Permit ValuesJuly-Dec (in millions)
Licenses, Permits and Fees • Building Permits increased • BPOL level with current year (down from plan)
Local Taxes • Sales Tax projection lowered • Meals and Lodging flat • Bank Franchise Fee increased
State Revenues • State Sales Tax for Education increased • $900,000 for FY11 • $1.2M over FY12 Plan amount
Charges for Current Services • Recreation Revenue estimate decreases • $400,000 for FY11 • $500,000 from FY12 Plan amount
RecapTotal General Fund Revenues • Total Revenues in FY11 are running about $2.2M higher than budgeted • Updated FY12 Revenues are now $3.0M more than planned • Of that, $1.2M in Sales Tax for Education