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Thus one can see that fees collected in prior years are sometimes
<br />collected prior to the actual public work service rendered.
<br />Fortunately, for this fiscal year the Sales Tax and Hotel/Motel
<br />taxes are up over the original estimate.
<br />
<br />Off Track Betting Fees:
<br />
<br />The off track betting fees, collected at the County Fair grounds
<br />race track is a new revenue for the fiscal year, and was not
<br />estimated in the original budget as it was not known from current
<br />or historical information what the amount of revenue to estimate.
<br />As of this mid-year review, the City has received some $50,000
<br />plus in revenues. It appears that off track betting fees revenue
<br />will be a good source of revenue fees in the future and will more
<br />easily be projected as we become more familiar with its trends.
<br />
<br />operating Transfers:
<br />
<br />This fiscal year the transfers from other funds to support the
<br />general operating fund have been decreased by $493,275. This is
<br />in part due to an offsetting expenditure reduction as well as
<br />increases in Capital Improvement contributions by the General
<br />Fund. The Parks received a $236,810 transfer from the General
<br />Fund to complete the Park's CIP funding. Another significant
<br />transfer from the General Fund is the remodeling project of City
<br />Hall; construction, and furnishing of the project for $220,000.
<br />The net effect of all General Fund transfers for the fiscal year
<br />is projected to be a positive transfer into the General Fund of
<br />$352,851.
<br />
<br />SUMMARY OF ALL REVENUES AND TRANSFERS
<br />
<br />Total revenues available for the General Fund based on the
<br />mid-year review is as follows:
<br />
<br />Revenues Adopted Revised
<br /> Taxes $13,967,000 $14,520,700
<br /> Licenses 669,100 729,562
<br /> Permits 1,010,000 1,129,700
<br /> Fines & Forfeitures 200,000 250,000
<br /> Use of Money & Property 400,000 470,158
<br /> Inter-Agency Revenues 1,941,010 2,062,065
<br /> Franchises 450,000 421,500
<br /> Planning & Zoning fees 38,050 112,858
<br /> Public Works fees 1,391,200 696,881
<br /> Enterprise Services 103,500 116,800
<br /> Other Charges 48,500 39,066
<br /> Refunds 3,000 13,032
<br /> Other Revenues 6,500 33,246
<br /> Recreation Revenues 770,734 724,186
<br />
<br /> Total Revenues $20,998,594 $21,319,754
<br />
<br />SR:88:123
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