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General Fund Overview
<br /> It is recommended that revenue estimates be adjusted down by $4,086,719 primarily in
<br /> the categories of taxes and development fees. To maintain a balanced budget, staff is
<br /> recommending a combination of measures including expenditure reductions,
<br /> maintaining the current hiring freeze and the strategic use of accumulated surplus funds
<br /> and unexpended funds from the prior year.
<br /> General Fund Revenues
<br /> Table 2 below identifies the specific revenue adjustments being recommended based
<br /> on the current conditions and economic factors. More detailed information regarding
<br /> historical trends in major revenues can be found in Appendix B.
<br /> Table 2. Recommended General Fund Revenue Adjustments
<br /> Recommended Revised Revenue
<br /> Adopted Budget Budget Estimates
<br /> PROPERTY TAXES 2009 -10 Amendments 2009 -10
<br /> Secured Property 38,997,459 38,997,459
<br /> Unsecured Property 2,270,000 2,270,000
<br /> Delinquent Taxes 1,570,000 1,570,000
<br /> Property Tax in Lieu of VLF 5,000,000 5,000,000
<br /> Supplemental Assessment 1,000,000 1,000,000
<br /> 48,837,459 48,837,459
<br /> SALES TAX
<br /> Sales Use Tax 16,498,000 (1,498,000) 15,000,000
<br /> OTHER TAXES
<br /> Public Safety Sales Tax 360,000 (58,828) 301,172
<br /> Documentary Transfer Tax 325,000 325,000
<br /> Hotel /Motel Tax 3,250,000 (1,000,000) 2,250,000
<br /> Business License Tax 2,950,000 2,950,000
<br /> Miscellaneous Taxes
<br /> Off Track Fees 180,000 (24,500) 155,500
<br /> 7,065,000 (1,083,328) 5,981,672
<br /> Subtotal Taxes 72,400,459 (2,581,328) 69,819,131
<br /> LICENSES OTHER PERMITS
<br /> Licenses Other Permits 63,660 63,660
<br /> DEVELOPMENT SERVICES FEES
<br /> Building Permits 1,256,000 (556,000) 700,000
<br /> Planning Zoning Fees 93,465 (20,900) 72,565
<br /> Plan Check Fees 741,858 (358,858) 383,000
<br /> Public Works Fees 110,383 79,617 190,000
<br /> Subtotal Development Services Fees 2,201,706 (856,141) 1,345,565
<br /> Total Taxes Development Fees 74,602,166 (3,437,469) 71,164,696
<br /> Fines Forfietures 449,000 449,000
<br /> Interest Income Rents 739,152 (300,000) 439,152
<br /> Subventions Grants 785,000 785,000
<br /> Franchise Fees 1,826,000 1,826,000
<br /> Current Service Fees 989,377 989,377
<br /> Miscellaneous Revenues 968,687 750 969,437
<br /> Library Service Fees 76,000 76,000
<br /> Recreation Revenues 3,307,759 3,307,759
<br /> Interfund Revenues 3,526,023 (350,000) 3,176,023
<br /> TOTAL 87,332,823 (4,086,719) 83,246,104
<br /> Page 3 of 9
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