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City of Alexandria, VA City of Alexandria, VA
Finance
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Page updated Aug 17, 2010 8:38 AM
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Online Reference 2:  Comparative Statement of Revenues, General Fund, For the Periods Ending April 30, 2010, and April 30, 2009.

View All Revenue Summaries and Explanations 
Return to April 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 4/30/10
% OF
BUDGET
FY2009
REVENUES
THRU 4/30/09
%
CHANGE
General Property Taxes              
Real Property Taxes $295,518,893 $296,281,111 $303,545,273 $151,493,541 51.1% $146,289,042 4%
Personal Property Taxes 36,023,945 31,300,000 32,300,000 32,082,792 102.5% 35,071,352 -9%
Penalties and Interest  1,939,225 1,870,000 1,870,000 1,186,391 63.4% 1,563,173 -24%
Total Gen. Property Taxes $333,482,063 $329,451,111 $337,715,273 $184,762,724 56.1% $182,923,567 1%
               
Other Local Taxes              
Local Sales and Use Tax $21,679,635 $24,050,000 $22,600,000 $14,823,531 61.6% $13,899,280 7%1
Consumer Utility Taxes 10,409,248 10,600,000 10,300,000 7,906,188 74.6% 7,925,946 0%
Communication Sales and Use Tax 11,268,560 11,800,000 11,400,000 7,464,552 63.3% 7,742,495 -4%
Business License Taxes 30,527,956 30,100,000 29,200,0002  28,026,894 93.1% 27,969,204 0%
Transient Lodging Taxes 10,592,806 11,000,000 10,700,000 7,364,770 67.0% 7,385,737 0%
Restaurant Meals Tax 14,912,796 15,200,000 14,800,000 10,737,809 70.6% 10,831,894 -1%
Tobacco Taxes 2,719,084 3,100,000 2,900,000 2,170,053 70.0%

2,032,192

7%
Motor Vehicle License Tax  3,085,288 3,200,000 3,200,000 3,015,859 94.2% 2,943,547 2%
Real Estate Recordation 3,206,705 3,100,000 3,500,000 2,399,216 77.4% 2,219,572 8%
Admissions Tax 1,103,782 1,050,000 1,150,000 858,613 81.8% 804,575 7%
Other Local Taxes  2,765,510 2,730,000 3,030,000 677,732 24.8% 668,235 1%
Total Other Local Taxes $112,271,370 $115,930,000 $112,780,000 $85,445,217 73.7% $84,422,677 1%
               
Intergovernmental Revenues               
Revenue from the Federal Government  $8,919,582 $7,883,381 $7,868,360 $5,353,409 67.9% $4,741,125 13%
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 15,838,106 71.0% 16,471,764 -4%
Total Intergovernmental Revenues $53,095,127 $53,776,503 $51,682,514 $44,298,475 82.4% $44,319,849 0%
               
Other Governmental Revenues And Transfers In              
Fines and Forfeitures  $4,116,453 $4,781,325 $3,983,550 $3,191,871 66.8% $3,289,116 -3%
License and Permits  4,827,422 5,367,759 4,730,836 3,794,182 70.7% 4,200,627 -10%3 
Charges for City Services 12,404,166 12,852,808 13,141,634 9,178,125 71.4% 8,332,803 10%
Revenue from Use of Money & Property 4,433,015 3,859,476 3,110,000 2,914,854 75.5% 4,101,764 -29%4
Other Revenue  1,065,129 785,987 728,000

590,129

75.1% 522,300 13%
Transfer from Other Funds 2,223,910 1,301,560 1,301,560 - 0.0% 2,223,910 0%
Total Other Government Revenues $29,070,095 $28,948,915 $26,995,580 $19,669,161 67.9% $22,670,520 -13%
               
TOTAL REVENUE $527,918,655 $528,106,529 $529,173,367 $334,175,5775 63.3% $334,336,613 0%
               
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 $334,175,577 62.2% $334,336,613 0%



Revenues Charts

Revenues Chart -- April 2010

 

Actual v. Expected Revenue -- April 2010

 

 

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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-to-date retail sales collections from July through March are 2.0 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 $28.0 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. License, Permits and Fees: Decreased revenue in this category represents lower permit fees collected for building permits, reflecting the continued slowdown in building activity in the City.
  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 April 30, 2010, actual General Fund revenues totaled $334.2 million, which is 0.01 percent below FY 2009 revenues of $334.3 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 includes the final real estate tax rate of 97.8 cents per $100 of assessed value approved on May 3.  However, this rate includes an allocation of 0.5 cents of the property tax increase to pay for stormwater sewer infrastructure, providing $0.8 million for FY 2010, which is recoded in the special stormwater fund and not included in this General Fund monthly financial report revenue estimate.

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301 King St.
Alexandria, VA 22314
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