|
Table 3. General Fund Revenues —Amended Budget vs. Actual
<br /> Amended
<br /> General Fund Revenues Budget Actual S Variance %Variance
<br /> Property Tax 48,397,608 48,569,008 171,400 0.4%
<br /> Sales Tax 17,348,298 18,503,316 1,155,018 6.7%
<br /> Documentary Transfer Tax 431,500 465,375 33,875 7.9%
<br /> Business License Tax 2,600,000 2,688,929 88,929 3.4%
<br /> Hotel Tax 2,900,000 2,965,630 65,630 2.3%
<br /> Development Services Fees 2,044,119 2,426,079 381,960 18.7%
<br /> Recreation Fees 3,148,596 3,295,408 146,812 4.7%
<br /> Library Revenues 82,520 80,553 (1,967) -2.4%
<br /> Other Fees 905,835 945,052 39,217 4.3%
<br /> Grants& Intergovernmental 787,037 998,543 211,506 26.9%
<br /> Reimbursements 904,168 847,841 (56,327) -6.2%
<br /> Interest Income 200,000 197,518 (2,482) -1.2%
<br /> Inter-fund Labor Charges 3,277,286 2,549,243 (728,043) -22.2%
<br /> Other Revenues 3,083,371 3,300,350 216,979 7.0%
<br /> Total 86,110,338 87,832,845 1,722,507 2.00%
<br /> Property Tax revenues are the single largest revenue source for the General Fund,
<br /> accounting for over 55% of total revenues. In 2010-11FY actual Property Tax
<br /> collections including all categories of property related taxes (secured, unsecured,
<br /> supplemental and delinquent taxes) were $171,400 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 21% of the total revenues. In 2010-11FY actual Sales Tax collections
<br /> were $1,155,018 greater than the Amended Budget estimates. Business License Tax,
<br /> Hotel Tax and Documentary Tax were also greater than anticipated by $188,434. While a
<br /> majority of the revenue categories exceeded their budget projections (as shown in Table
<br /> 3 above) Inter-fund Labor Charges was lower than anticipated due to a recalculation of
<br /> the City's overhead charges to the utility funds.
<br /> General Fund Expenditures. Actual General Fund expenditures were less than the
<br /> Amended Budget estimates by $1,546,826. 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. The majority
<br /> of the reduction in expenditures was in materials, supplies and services.
<br /> Table 4. General Fund Expenditures — Amended Budget vs. Actual
<br /> Proposed
<br /> Amended Budget %Actual vs
<br /> General Fund•Expenditures Budget Change Actual $Variance Budget
<br /> Personnel Costs 65,295,293 65,175,403 (119,890) 99.8%
<br /> Transportation& Training 1,224,683 1,310,238 85,555 107.0%
<br /> Repairs&Maintenance 1,776,735 1,000,000 2,591,622 (185,113) 93.3%
<br /> Materials,Supplies, Services 14,184,154 12,860,364 (1,323,790) 90.7%
<br /> Capital Outlay 495,551 491,051 (4,500) 99.1%
<br /> Prior Year Expenditures - 157,170 158,082 912 100.6%
<br /> Total 82,976,416 1,157,170 82,586,760 (1,546,826) 98.2%
<br /> Page 4 of 10
<br />
|