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Table 3. General Fund Revenues — Amended Budget vs. Actual
<br /> General Fund Revenues Amended Budget Actual $ Variance % Variance
<br /> Property Tax $ 48,837,459 $49,724,024 $ 886,565 1.8%
<br /> Sales Tax $ 15,000,000 $ 15,420,066 $ 420,066 2.8%
<br /> Documentary Transfer Tax $ 325,000 $ 455,169 $ 130,169 40.1%
<br /> Business License Tax $ 2,950,000 $ 2,632,848 $ (317,152) -10.8%
<br /> Hotel Tax $ 2,250,000 $ 2,719,621 $ 469,621 20.9%
<br /> Development Services Fees $ 1,349,206 $ 1,475,282 $ 126,076 9.3%
<br /> Recreation Fees $ 3,086,878 $ 3,210,478 $ 123,600 4.0%
<br /> Library Revenues $ 76,000 $ 84,421 $ 8,421 11.1%
<br /> Other Fees $ 989,377 $ 1,047,273 $ 57,896 5.9%
<br /> Grants & Intergovernmental $ 885,200 $ 862,416 $ (22,784) -2.6%
<br /> Reimbursements $ 833,867 $ 881,691 $ 47,824 5.7%
<br /> Interest Income $ 380,000 $ 311,532 $ (68,468) -18.0%
<br /> Inter -fund Labor Charges $ 3,181,296 $ 3,016,152 $ (165,144) -5.2%
<br /> Other Revenues $ 3,027,234 $ 3,391,895 $ 364,661 12.0%
<br /> Total $ 83,171,517 $85,232,868 $2,061,351 2.5%
<br /> Property Tax revenues are the single largest revenue source for the General Fund,
<br /> accounting for over 58% of total revenues. In 2009/10FY actual Property Tax
<br /> collections including all categories of property related taxes (secured, unsecured,
<br /> supplemental and delinquent taxes) were $886,565 greater than the Amended Budget
<br /> estimates.
<br /> Sales Tax revenue is the second largest revenue source for the General Fund,
<br /> accounting for over 18% of the total revenues. In 20009/10FY actual Sales Tax
<br /> collections were $420,066 greater than the Amended Budget estimates. Hotel Taxes
<br /> were also greater than anticipated by $469,621. While a majority of the revenue
<br /> categories exceeded their budget projections (as shown in Table 3 above) Business
<br /> License Tax was lower than anticipated.
<br /> General Fund Expenditures. Actual General Fund expenditures were less than the
<br /> Amended Budget estimates by $1,284,664. Table 4 shows the major expenditure
<br /> categories with a comparison of Amended Budget versus actual expenditures and the
<br /> variance to the Amended Budget both in terms of dollars and percentage.
<br /> Table 4. General Fund Expenditures — Amended Budget vs. Actual
<br /> General Fund Expenditures Amended Budget Actual $ Variance % Variance
<br /> Personnel Costs $ 66,577,266 $ 67,112,603 $ 535,337 0.8%
<br /> Transportation & Training $ 1,570,049 $ 1,774,826 $ 204,777 13.0%
<br /> Repairs & Maintenance $ 2,015,455 $ 2,555,703 $ 540,248 26.8%
<br /> Materials, Supplies, Services $ 15,070,557 $ 12,537,943 $ (2,532,614) - 16.8%
<br /> Capital Outlay $ 563,310 $ 530,898 $ (32,412) -5.8%
<br /> Total $ 85,796,637 $ 84,511,973 $ (1,284,664) -1.5%
<br /> Of the dollar variance of $1,284,664, staff is recommending that $608,271 be carried
<br /> forward (Carryovers) from the 2009/10FY to the 2010/11 FY for outstanding purchase
<br /> orders, contracts, and obligations.
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