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City of Alexandria, VA City of Alexandria, VA
Finance
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Page updated May 12, 2010 1:31 PM
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Online Reference 2:  Comparative Statement of Revenues, General Fund, For the Periods Ending March 31, 2010, and March 31, 2009.

View All Revenue Summaries and Explanations 
Return to March 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 revenue charts

  FY2009
ACTUALS
FY2010
REVISED
BUDGET
FY2010
PROJECTED
REVENUES
FY2010
REVENUES
THRU 3/31/10
% OF
BUDGET
FY2009
REVENUES
THRU 3/31/09
%
CHANGE
General Property Taxes              
Real Property Taxes $295,518,893 $296,281,111 $303,545,273 $151,190,021 51.0% $144,975,846 4%
Personal Property Taxes 36,023,945 31,300,000 32,300,000 31,764,903 101.5% 34,527,804 -8%
Penalties and Interest  1,939,225 1,870,000 1,870,000 1,071,853 57.3% 1,402,876 -24%
Total Gen. Property Taxes $333,482,063 $329,451,111 $337,715,273 $184,026,777 55.9% $180,906,526 2%
               
Other Local Taxes              
Local Sales and Use Tax $21,679,635 $24,050,000 $22,600,000 $13,359,948 55.6% $12,189,306 10%1
Consumer Utility Taxes 10,409,248 10,600,000 10,300,000 6,907,354 65.2% 7,068,554 -2%
Communication Sales and Use Tax 11,268,560 11,800,000 11,400,000 6,537,345 55.4% 6,822,133 -4%
Business License Taxes 30,527,956 30,100,000 29,200,0002  26,978,008 89.6% 26,812,034 1%
Transient Lodging Taxes 10,592,806 11,000,000 10,700,000 6,303,665 57.3% 6,377,746 -1%
Restaurant Meals Tax 14,912,796 15,200,000 14,800,000 9,372,474 61.7% 9,467,896 -1%
Tobacco Taxes 2,719,084 3,100,000 2,900,000 1,925,281 62.1%

1,819,870

6%
Motor Vehicle License Tax  3,085,288 3,200,000 3,200,000 2,922,231 91.3% 2,826,083 3%
Real Estate Recordation 3,206,705 3,100,000 3,500,000 2,157,946 69.6% 1,959,976 10%
Admissions Tax 1,103,782 1,050,000 1,150,000 760,675 72.4% 729,988 4%
Other Local Taxes  2,765,510 2,730,000 3,030,000 603,422 22.1% 561,900 7%
Total Other Local Taxes $112,271,370 $115,930,000 $112,780,000 $77,828,349 67.1% $76,635,486 2%
               
Intergovernmental Revenues               
Revenue from the Federal Government  $8,919,582 $7,883,381 $7,868,360 $4,780,765 60.6% $4,197,881 14%
Personal Property Tax Relief from the Commonwealth  23,578,531 23,578,531 23,578,531 23,106,960 98.0% 23,106,960 0%
Revenue from the Commonwealth  20,597,014 22,314,591 20,235,623 15,241,461 68.3% 16,110,007 -5%
Total Intergovernmental Revenues $53,095,127 $53,776,503 $51,682,514 $43,129,186 80.2% $43,414,848 -1%
               
Other Governmental Revenues And Transfers In              
Fines and Forfeitures  $4,116,453 $4,781,325 $3,983,550 $2,852,695 59.7% $2,875,507 -1%
License and Permits  4,827,422 5,367,759 4,730,836 3,411,932 63.6% 3,472,956 -2%
Charges for City Services 12,404,166 12,852,808 13,141,634 8,408,307 65.4% 7,612,041 10%
Revenue from Use of Money & Property 4,433,015 3,859,476 3,110,000 2,577,328 66.8% 3,793,158 -32%3
Other Revenue  1,065,129 785,987 728,000

547,823

69.7% 508,335 8%
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 $26,995,580 $17,798,085 61.5% $18,261,997 -3%
               
TOTAL REVENUE $527,918,655 $528,106,529 $529,173,367 $322,782,397 61.1% $319,218,857 1%
               
Appropriated Fund Balance              
General Fund - $5,540,347 - - - - 0%
Reappropriation of FY 2009
  Encumbrances and Other
  Supplemental Appropriations
- 3,673,357 - - - - 0%
TOTAL $527,918,655 $537,320,233 $529,173,367 $322,782,397 60.1% $319,218,857 1%



Revenues Charts

Revenue Chart Mar 10

Actual v. Expected Revenue Mar 10

 

 

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Notes

  1. Local Sales and Use Taxes: Excluding one-time repayments of $1.5 million made in the prior year, year-over-year retail sales collections from July through February are 3.1 percent below last year.
  2. Business License Taxes:  The City’s business license tax was due March 1, 2010.  Collections-to-date in the amount of $27.0 million represent a difference in the timing for payments made by businesses.  As indicated in the April re-estimates, receipts will be lower than budgeted by $1.9 million. 
  3. 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.
  4. Year-to-Date Revenues: As of March 31, 2010, actual General Fund revenues totaled $322.8 million, which is 1.1 percent above FY 2009 revenues of $319.2 million for the same period last year.  Council received updated revenue forecasts at the April 26 Budget work session.  That estimate shows a revenues shortfall of $8.1 million or 1.5 percent compared to the original FY 2010 budget estimate of General Fund revenues of $530 million, primarily due to lower business license and sales tax revenue (due to lower assessments than previously forecast) and lower intergovernmental revenues.  Note that the revenue estimate shown in this table includes the City Manager’s proposed 7 cent tax increase, not the final rate approved on May 3.

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

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