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• Deposit remaining funds in the General Fund Reserves
<br /> (Fund Balance) to repay the reserves for the payoff of the
<br /> Golf Course Bonds $879,049
<br /> • Allocation of a portion of these monies (as needed) for
<br /> 2013/2014FY Management employees performance
<br /> adjustments ($255,000)
<br /> Total $1,879,049
<br /> General Fund Revenues. General Fund revenues received (Actual) were greater than
<br /> the Amended Budget by $1,007,359 or 1.10%%. Table 2 presents the major revenue
<br /> categories with a comparison of the Amended Budget versus actual revenues and the
<br /> variance to the Amended Budget both in terms of dollars and percentage.
<br /> Table 2. General Fund Revenues—Amended Budget vs. Actual
<br /> Amended
<br /> General Fund Revenues Budget Actual $Variance %Variance
<br /> Property Tax $48,765,000 $48,648,688 ($116,312) -0.2%
<br /> Sales Tax 19,000,000 19,102,977 102,977 0.5%
<br /> Documentary Transfer Tax 680,000 680,882 882 0.1%
<br /> Business License Tax 3,000,000 3,141,722 141,722 4.7%
<br /> Hotel Tax 3,650,000 3,938,934 288,934 7.9%
<br /> Development Services Fees 4,009,971 3,717,527 (292,444) -7.3%
<br /> Franchise Fees 2,185,000 2,114,954 (70,046) -3.2%
<br /> Recreation Fees 3,440,200 3,454,378 14,178 0.4%
<br /> Library Revenues 86,400 92,234 5,834 6.8%
<br /> Other Fees 971,520 931,546 (39,974) -4.1%
<br /> Grants & Intergovernmental 503,316 576,803 73,487 14.6%
<br /> Reimbursements 1,111,366 1,428,160 316,794 28.5%
<br /> Interest Income 292,000 195,416 (96,584) -33.1%
<br /> Inter-fund Labor Charges 2,554,102 2,507,000 (47,102) -1.8%
<br /> Other Revenues 1,035,647 1,760,659 725,012 70.0%
<br /> Total $91,284,522 $92,291,881 $1,007,359 1.10%
<br /> Property Tax revenues are the single largest revenue source for the General Fund,
<br /> accounting for approximately 53% of total revenues. In 2012/13FY actual property tax
<br /> collections including all categories of property related taxes (secured, unsecured,
<br /> supplemental and delinquent taxes) were $116,312 less than staffs estimate of$48.765
<br /> million (Amended Budget).
<br /> Sales Tax revenue is the second largest revenue source for the General Fund,
<br /> accounting for approximately 21% of the total revenues. In 2012/13FY actual Sales Tax
<br /> collections were $102,977 greater than staffs estimate of $19.0 million (Amended
<br /> Budget).
<br /> Business License Tax, Hotel Tax, Other Revenues and Reimbursements were greater
<br /> than anticipated by $1,472,462 while Development Services Fees, Interest Income,
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