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City of Alexandria, VA City of Alexandria, VA
Finance
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Page updated Mar 24, 2010 8:52 AM
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Online Reference 2:  Comparative Statement of Revenues, General Fund, For the Periods Ending January 31, 2010, and January 31, 2009.

View All Revenue Summaries and Explanations 
Return to January Financial Report    

NOTE:  Click on any of the highlighted revenue categories below to see the revenue summary for that category or click on the link above to view all revenue summaries and explanations.  Click on any highlighted number for notes.  See below for a chart of year-to-date changes for selected revenue categories. 

  FY2009
ACTUALS
FY2010
REVISED
BUDGET
FY2010
PROJECTED
REVENUES
FY2010
REVENUES
THRU 1/31/10
% OF
BUDGET
FY2009
REVENUES
THRU 1/31/09
%
CHANGE
General Property Taxes              
Real Property Taxes $295,518,893 $296,281,111 $303,545,273 $151,088,560 51.0% $143,646,816 5%
Personal Property Taxes 36,023,945 31,300,000 31,700,000 30,784,086 98.4%1  33,108,254 -7%
Penalties and Interest  1,939,225 1,870,000 1,870,000 750,526 40.1% 1,037,240 -28%
Total Gen. Property Taxes $333,482,063 $329,451,111 $337,115,273 $182,623,172 55.4% $177,792,310 3%
               
Other Local Taxes              
Local Sales and Use Tax $21,679,635 $24,050,000 $23,500,000 $9,558,885 39.7% $8,016,947 19%2 
Consumer Utility Taxes 10,409,248 10,600,000 10,500,000 5,165,144 48.7% 5,214,337 -1%
Communication Sales and Use Tax 11,268,560 11,800,000 11,400,000 4,632,815 39.3% 4,903,653 -6%
Business License Taxes 30,527,956 30,100,000 30,500,000 1,796,760 6.0% 2,028,025 -11%
Transient Lodging Taxes 10,592,806 11,000,000 11,000,000 5,049,284 45.9% 4,995,314 1%
Restaurant Meals Tax 14,912,796 15,200,000 15,200,000 7,252,178 47.7% 7,158,865 1%
Tobacco Taxes 2,719,084 3,100,000 2,900,000 1,516,584 48.9%

1,425,262

6%
Motor Vehicle License Tax  3,085,288 3,200,000 3,200,000 2,730,117 85.3% 2,598,203 5%
Real Estate Recordation 3,206,705 3,100,000 3,800,000 1,819,982 58.7% 1,555,946 17%
Admissions Tax 1,103,782 1,050,000 1,100,000 584,620 55.7% 534,692 9%
Other Local Taxes  2,765,510 2,730,000 2,730,000 454,754 16.7% 429,960 6%
Total Other Local Taxes $112,271,370 $115,930,000 $115,830,000 $40,561,123 35.0% $38,861,204 4%
               
Intergovernmental Revenues               
Revenue from the Federal Government  $8,919,582 $7,883,381 $7,868,360 $3,307,022 41.9% $3,094,527 7%
Personal Property Tax Relief from the Commonwealth  23,578,531 23,578,531 23,578,531 22,399,604 95.0% 22,399,604 0%
Revenue from the Commonwealth  20,597,014 22,314,591 20,264,864 11,002,105 49.3% 11,416,631 -4%
Total Intergovernmental Revenues $53,095,127 $53,776,503 $51,711,755 $36,708,731 68.3% $36,910,762 -1%
               
Other Governmental Revenues And Transfers In              
Fines and Forfeitures  $4,116,453 $4,781,325 $4,283,550 $2,247,534 47.0% $2,151,491 4%
License and Permits  4,827,422 5,367,759 4,730,836 2,691,838 50.1% 2,715,959 -1%
Charges for City Services 12,404,166 12,852,808 13,141,634 7,183,664 55.9% 6,309,485 14%3 
Revenue from Use of Money & Property 4,433,015 3,859,476 3,199,240 1,975,340 51.2% 3,154,338 -37%4 
Other Revenue  1,065,129 785,987 728,000

337,496

42.9% 335,239 -1%
Transfer from Other Funds 2,223,910 1,301,560 1,301,560 - 0.0% - 0%
Total Other Government Revenues $29,070,095 $28,948,915 $27,384,820 $14,435,872 49.9% $14,666,512 -2%
               
TOTAL REVENUE $527,918,655 $528,106,529 $532,041,848 $274,328,8984  51.9% $268,230,788 2%
               
Appropriated Fund Balance              
General Fund - $5,415,347 - - - - 0%
Reappropriation of FY 2009
  Encumbrances and Other
  Supplemental Appropriations
- 3,673,357 - - - - 0%
TOTAL $527,918,655 $537,195,233 $532,041,848 $274,328,898 51.1% $268,230,788 2%



Revenues Chart

                 Revenues Chart January 2010 

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Notes

  1. Personal Property Tax:  Revenues collected to date represent 98.4 percent of budgeted revenue. As indicated in the FY 2011 Proposed Budget, preliminary collections to date indicate revenues may exceed the budget by $0.4 million. Any State reduction in its personal property tax relief subsidy would not occur until FY 2011.
  2. Local Sales and Use Taxes: The substantial increase in sales tax revenue is primarily related to one-time repayments in the prior year (FY 2009) to Fairfax County of $1.5 million for sales tax collections from businesses with an Alexandria address that are actually located in Fairfax County.  Excluding one-time repayments, year-over-year retail sales from July through December are flat.
  3. Charges for City Services: Increase in this category is largely due to greater year-to-date collections from parking meter receipts, refuse user charges, and ambulance fees.
  4. Revenue from the Use of Money and Property: Continued decreased revenue in this category reflects the extremely low interest rates budgeted and earned on City operating funds, which are conservatively invested for safety and liquidity reasons.
  5. Year-to-Date Revenues: As of January 31, 2010, actual General Fund revenues totaled $274.3 million, which is 2.3 percent above FY 2009 revenues of $268.2 million for the same period last year.  The FY 2011 budget contains a revised estimate for FY 2010 revenues.  That estimate shows a revenues shortfall of $7.0 million or 1.3 percent compared to the original FY 2010 budget estimate of General Fund revenues of $530 million, primarily due to lower real property revenues (due to lower assessments than previously forecast) and lower intergovernmental revenues.  The revenue estimate shown in Online Reference 2 also includes a 7 cent tax increase from 90.3 cents per $100 to 97.3 cents per $100 which would generate a net budget surplus of approximately $3.9 million.

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301 King St.
Alexandria, VA 22314
703.746.3900
Fax: 703.838.4987
E-mail

Office Hours:
Monday - Friday
8 a.m. - 5 p.m.