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MAJOR GENERAL FUND REVENUES - PROJECTED VS. ACTUAL
<br /> 1991-92
<br />
<br /> DIFFERENCE
<br /> PROJECTED ACTUAL favorable/
<br /> 1991-92 1991-92 (unfavorable)
<br />Property Taxes $12,517,500 $12,495.226 $(22,274)
<br />Supplemental Assessments 440,000 416,108 (23,892)
<br />Sales Tax 9~560~000 9~945.798 385~798
<br />Documentary Transfer Tax 253~000 246,984 (6,016)
<br />Hotel/Motel Tax 1 ~550~000 I~502,451 (47,549)
<br />Business License Tax 822,500 911,768 89,268~
<br />Off Track Horse Racing 173,250 157,974 (15,276)
<br />Interest Income 152,730 365,533 212,803
<br />Fines & Forfeitures 135,000 135,571 571
<br />Auto In-i leu fees 1,809,887 1,770,117 (39,770)
<br />Cigarette Tax 59~963 61,163 1~200
<br />Homeowners Tax Exemption 290~000 296,320 6~320
<br />Franchise Fees 691~600 750,252 58~652
<br />Building Permits 646,271 684,306 38,035
<br />Planning Fees 426,655 282,898 (143,757):
<br />Plan Check Fees 293,000 263,012 (29,988)
<br />Public Works Inspection 306,003 385,850 79,847
<br />Recreation Revenues 1,135,924 1,204,298 68,374
<br />PERS Credits 888~000 975,533 87~533
<br />Total Major Revenues $32,151,283 $32,851,162 $699,879
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<br />In addition to current year revenues, the City received $975,000 as a PERS refund credit, which
<br />was $87,000 more than projected. Through the City's sales tax audit program, the City received
<br />approximately $600,000 net additional dollars this year, which was about $300,000 more than
<br />projected. These audit findings are the primary reason the revenue exceeded projections.
<br />Although there are some one-time adjustments reflected in this amount, most of this new revenue
<br />
<br /> ~ The business license tax excess is due to some renewal fees being collected in June 1992
<br />instead of July 1992. Thus the 1992-93 projections will be reduced accordingly.
<br />
<br /> 2 Some projected reimbursable costs and their offsetting revenue will occur in 1992-93
<br />instead of 1991-92.
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<br />SR 92:432
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