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City of Alexandria, VA City of Alexandria, VA
Finance
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Page updated Jul 29, 2010 11:47 AM
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Online Reference 2:  Comparative Statement of Revenues, General Fund, For the Periods Ending May 31, 2010, and May 31, 2009.

View All Revenue Summaries and Explanations 
Return to May 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 5/31/10
% OF
BUDGET
FY2009
REVENUES
THRU 5/31/09
%
CHANGE
General Property Taxes              
Real Property Taxes $295,518,893 $296,281,111 $303,545,2731  $180,663,001 61.0% $166,405,052 9%
Personal Property Taxes 36,023,945 31,300,000 32,300,000 32,288,230 103.2% 35,387,043 -9%
Penalties and Interest  1,939,225 1,870,000 1,870,000 1,279,040 68.4% 1,668,424 -23%
Total Gen. Property Taxes $333,482,063 $329,451,111 $337,715,273 $214,230,271 65.0% $203,460,519 5%
               
Other Local Taxes              
Local Sales and Use Tax $21,679,635 $24,050,000 $22,600,000 $16,802,361 69.9% $15,771,980 7%2
Consumer Utility Taxes 10,409,248 10,600,000 10,300,000 8,744,452 82.5% 8,745,870 0%
Communication Sales and Use Tax 11,268,560 11,800,000 11,400,000 8,453,557 71.6% 8,721,315 -3%
Business License Taxes 30,527,956 30,100,000 29,200,000 28,767,298 95.6% 29,103,563 -1%
Transient Lodging Taxes 10,592,806 11,000,000 10,700,000 8,600,859 78.2% 8,462,731 2%
Restaurant Meals Tax 14,912,796 15,200,000 14,800,000

12,146,943

79.9% 12,005,518 1%
Tobacco Taxes 2,719,084 3,100,000 2,900,000 2,417,034 78.0%

2,253,731

7%
Motor Vehicle License Tax  3,085,288 3,200,000 3,200,000 3,087,858 96.5% 3,009,795 3%
Real Estate Recordation 3,206,705 3,100,000 3,500,000 2,648,314 85.4% 2,525,203 5%
Admissions Tax 1,103,782 1,050,000 1,150,000 941,821 89.7% 877,629 7%
Other Local Taxes  2,765,510 2,730,000 3,030,000 2,225,9913  81.5% 1,655,087 34%
Total Other Local Taxes $112,271,370 $115,930,000 $112,780,000 $95,836,488 81.8% $93,132,422 2%
               
Intergovernmental Revenues               
Revenue from the Federal Government  $8,919,582 $7,883,381 $7,868,360 $5,890,137 74.7% $6,201,176 -5%
Personal Property Tax Relief from the Commonwealth  23,578,531 23,578,531 23,578,531 23,578,531 100.00% 23,578,530 0%
Revenue from the Commonwealth  20,597,014 22,314,591 20,235,623 16,351,942 73.3% 17,172,270 -5%
Total Intergovernmental Revenues $53,095,127 $53,776,503 $51,682,514 $44,820,610 85.2% $46,951,976 -2%
               
Other Governmental Revenues And Transfers In              
Fines and Forfeitures  $4,116,453 $4,781,325 $3,983,550 $3,507,654 73.4% $3,671,290 -4%
License and Permits  4,827,422 5,367,759 4,730,836 4,240,664 79.0% 4,373,048 -3%
Charges for City Services 12,404,166 12,852,808 13,141,634 10,350,590 80.5% 9,110,515 14%
Revenue from Use of Money & Property 4,433,015 3,859,476 3,110,000 3,214,218 83.3% 4,297,050 -25%4
Other Revenue  1,065,129 785,987 728,000

750,024

95.4% 454,953 65%
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 $22,063,150 76.2% $21,906,856 1%
               
TOTAL REVENUE $527,918,655 $528,106,529 $529,173,367 $376,950,5195 71.4% $365,451,773 3%
               
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 $376,950,519 70.2% $365,451,773 3%



Revenues Chart 

Revenues Chart May 2010

 

 

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Notes

  1. Real Estate Taxes:  Note that the revenue estimate shown includes the final real estate tax rate of 97.8 cents per $100 of assessed value approved by Council 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 recorded in the special stormwater fund and not included in this General Fund monthly financial report revenue estimate.
  2. 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 April are 2.0 percent below last year. 
  3. Other Local Taxes: Collections to date represent a difference in the timing for payments made for the annual bank franchise tax.
  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 May 31, 2010, actual General Fund revenues totaled $377.0, which is 3.1 percent above FY 2009 revenues of $365.5 million for the same period last year.  Council received updated revenue forecasts at the April 26 Budget work session.  That estimate shows a potential revenue 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 assessments than previously forecast, lower business license and sales tax revenue, and lower intergovernmental revenues. 

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301 King St.
Alexandria, VA 22314
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Fax: 703.838.4987
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