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Financial UpdateFinancial Update
January 2011January 2011
Total General Fund Revenues Total General Fund Revenues
Total Revenues in FY11 are running about Total Revenues in FY11 are running about $2.2M higher than budgeted$2.2M higher than budgeted
Updated FY12 Revenues are now $3.0M Updated FY12 Revenues are now $3.0M more than plannedmore than planned
FY11 Budget
FY11 Estimate
FY12 Plan
FY12 Update
$159.8M $162.0M $160.9M $163.9M
General Property TaxesGeneral Property Taxes
Increases in:Increases in:– Real Estate growthReal Estate growth– Personal Property valuesPersonal Property values– Machinery & ToolsMachinery & Tools– Public ServicePublic Service
FY11 Budget
FY11 Estimate
FY12 Plan
FY12 Update
$106.2M $107.9M $107.0M $109.5M
New Construction Building Permits IssuedNew Construction Building Permits IssuedJuly-DecJuly-Dec
New Construction Building Permit ValuesNew Construction Building Permit ValuesJuly-Dec (in millions)July-Dec (in millions)
Building Permit RevenueBuilding Permit RevenueJuly-Dec (in millions)July-Dec (in millions)
Building Related RevenuesBuilding Related Revenues(in millions)(in millions)
Licenses, Permits and FeesLicenses, Permits and Fees
Building Permits increasedBuilding Permits increased BPOL level with current year (down from BPOL level with current year (down from
plan)plan)
FY11 Budget
FY11 Estimate
FY12 Plan
FY12 Update
$6.2M $6.3M $6.4M $6.4M
Other Local TaxesOther Local TaxesJuly-November (in millions)July-November (in millions)
Local TaxesLocal Taxes
Sales Tax projection loweredSales Tax projection lowered Meals and Lodging flatMeals and Lodging flat Bank Franchise Fee increasedBank Franchise Fee increased
FY11 Budget
FY11 Estimate
FY12 Plan
FY12 Update
$18.2M $18.0M $18.4M $18.1M
State RevenuesState Revenues
State Sales Tax for Education increasedState Sales Tax for Education increased• $900,000 for FY11$900,000 for FY11• $1.2M over FY12 Plan amount$1.2M over FY12 Plan amount
FY11 Budget
FY11 Estimate
FY12 Plan
FY12 Update
$23.4M $24.5M $23.3M $24.8M
Charges for Current ServicesCharges for Current Services
Recreation Revenue estimate decreasesRecreation Revenue estimate decreases• $400,000 for FY11$400,000 for FY11• $500,000 from FY12 Plan amount$500,000 from FY12 Plan amount
FY11 Budget
FY11 Estimate
FY12 Plan
FY12 Update
$5.0M $4.6M $5.1M $4.5M
RecapRecapTotal General Fund RevenuesTotal General Fund Revenues
Total Revenues in FY11 are running about Total Revenues in FY11 are running about $2.2M higher than budgeted$2.2M higher than budgeted
Updated FY12 Revenues are now $3.0M Updated FY12 Revenues are now $3.0M more than plannedmore than planned– Of that, $1.2M in Sales Tax for EducationOf that, $1.2M in Sales Tax for Education
FY11 Budget
FY11 Estimate
FY12 Plan
FY12 Update
$159.8M $162.0M $160.9M $163.9M
