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Projected Financial Sources and Uses
<br /> General Fund
<br /> 2005-06 2006-07
<br /> PROJECTED SOURCES:
<br /> Revenues
<br /> Property Taxes $39,043,t 87 $43,232,596
<br /> Sales Taxes 19,635,000 20,616,750
<br /> Hotel Taxes 2,997,500 3,177,350
<br /> Vehicle License Fees 400,000 1,556,257
<br /> Business Licenses Taxes 3,097,500 3,097,500
<br /> Development Services Fees 3,956,753 4,149,778
<br /> Park & Recreation Fees 3,383,290 3,508,301
<br /> Library 83,755 87,944
<br /> lnterfund 2,977,931 3,165,095
<br /> All Other 6,344,654 6,601,205
<br /> Subtotal Revenues $81,919,570 $89,192,776
<br /> Use of Capital Reserve for Golf Debt/Cash
<br /> Flow Reserve 1,600,000 0
<br /> Use of Carryover Reserves for Public Works
<br /> services 400,000 0
<br /> TOTAL Sources $83,919,570 $89,192,776
<br /> RECOMMENDED USES:
<br /> Expenditures:
<br /> Public Safety $32,442,309 $34,797,592
<br /> Community Activities 15,814,748 17,609,451
<br /> Public Works 14,241,117 15,969,112
<br /> General Government 11,430,155 12,054,351
<br /> Planning & Community Develop 2,911,241 2,932,270
<br /> Subtotal Expenditures $76,839,570 $83,362,776
<br /> Transfer to CIP $5,000,000 $5,000,000
<br /> Transfer to Golf General Fund Debt/Cash Flow 1,600,000 0
<br /> Transfer to Storm Drain (operations subsidy) 100,000 100,000
<br /> Additions to 10% Reserve 380,000 730,000
<br /> TOTAL Uses $83,919,570 $89,192,776
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<br />General Fund Revenue
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<br />Property taxes are the largest source of revenue to the General Fund. Excluding the
<br />ERAF III property tax shifts in FY05 and FY06, staff is projecting an increase of 5.9% in
<br />the first year of the proposed budget compared to the current year's projection, and an
<br />additional increase of 5.3% in the second year of the proposed budget. Based on FY05
<br />increases in Hotel tax revenues, staff is projecting increases each year of about $200,000.
<br />Sales tax revenue, business license tax, and development services revenue are all
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<br />SR05:167 5
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