1 / 20

2010 Revenue Survey

2010 Revenue Survey. Possible trends. Valuation Growth – Will most likely show little to no growth again in 2010 affecting the 2011 mill levy rate.

zev
Download Presentation

2010 Revenue Survey

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 2010 Revenue Survey

  2. Possible trends Valuation Growth – Will most likely show little to no growth again in 2010 affecting the 2011 mill levy rate. Retail Sales – Sales tax collections were down about 1.3% in 2009 compared to 2008. Early expectations are that sales tax collections will remain weak. City Property Taxes – Will increase annually for the foreseeable future. Trend : Flat Trend: Flat Trend: Up

  3. Possible trends Valuation Growth – Moderated in 2009 affecting 2010 property tax rates Sales Taxes – Declined in 2009 likely affecting 2010 forecasts City Property Taxes – Will increase before moderating

  4. Beginning Cash balances Total for all budgeted funds Only 26% of the above amounts for any year are related to property tax funds. Of that percentage (26%), about 90% are balances in the General Fund and Bond & Interest Fund.

  5. Beginning Cash balances (Selected funds)

  6. Beginning Cash balances (Selected funds)

  7. General Fund

  8. 2009 general fund revenues General Fund Expenditures: $ 21,238,424

  9. 2009 general fund revenues 76.9% Property Taxes & Assessments Sales Taxes Sales Tax Transfer Franchise Fees Municipal Court Revenues 5.6% 6.2% 8.8% 11.7% Beginning Cash 31.3% 13.3%

  10. General Fund Revenues Budgeted Beginning Cash Balance Budgeted Revenue Actual Beginning Cash Balance Actual Revenue

  11. Bond & Interest Fund

  12. Reflecting Back to 2009… *Additional special assessment revenue received over budget for 2009 (both current and delinquent)

  13. Bond & Interest Revenues Budgeted Beginning Cash Balance Budgeted Revenue Actual Beginning Cash Balance Actual Revenue

  14. Bond & interest forecast

  15. Bond & interest forecast

  16. 2011 Bond & interest projection

  17. 2011 Bond & interest projection

  18. Utility Funds

  19. Utility Fund forecasts Water– 1st phased-in rate increase in 2008. 2nd rate increase in 2009. 3rd rate increase in 2010. Future rate increases necessary. Wastewater– 1st phased-in rate increase in 2009. 2nd rate increase in 2010. Future rate increases necessary. Stormwater– 1st phased-in rate increase in 2007. 2nd rate increase in 2008. 3rd rate increase in 2009. 3rd rate increase in 2010. Future rate increases may be necessary.

  20. questions?

More Related