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City of Alexandria, VA City of Alexandria, VA
Finance
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Page updated Jun 9, 2011 2:14 PM
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Online Reference 2:  Comparative Statement of Revenues, General Fund, For the Periods Ending January 31, 2011, and January 31, 2010

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.   

  FY 2010
ACTUALS
FY 2011
REVISED
BUDGET
FY 2011
PROJECTED
REVENUES
FY 2011
REVENUES
THRU 1/31/11
% OF
BUDGET
FY 2010
REVENUES
THRU 1/31/10
%
CHANGE
General Property Taxes              
Real Property Taxes $302,666,192 $296,237,904 $307,976,901 $151,249,244 51.1% $151,088,560 0%
Personal Property Taxes 32,923,178 32,300,000 33,700,000 32,495,820 100.6% 30,784,086 6%
Penalties and Interest  1,631,548 1,870,000 1,870,000 917,141 49.0% 750,526 22%
Total Gen. Property Taxes $337,220,918 $330,407,904 $343,546,901 $184,662,205 55.9% $182,623,172 1%
               
Other Local Taxes              
Local Sales and Use Tax $22,744,483 $23,500,000 $23,700,000 $9,780,902 41.6% $9,558,885 2%
Consumer Utility Taxes 10,462,233 10,500,000 10,700,000 5,383,297 51.3% 5,165,144 4%
Communication Sales and Use Tax 11,315,541 11,600,000 11,600,000 4,817,074 41.5% 4,632,815 4%
Business License Taxes 30,295,624 30,200,000 28,800,000 2,979,358 9.9% 1,796,760 66%1 
Transient Lodging Taxes 10,824,410 11,100,000 11,800,000 5,381,330 48.5% 5,049,284 7%
Restaurant Meals Tax 14,908,999 15,400,000 16,000,000 7,628,467 49.5% 7,252,178 5%
Tobacco Taxes 2,910,382 2,900,000 2,900,000 1,424,976 49.1% 1,516,584 -6%
Motor Vehicle License Tax  3,172,254 3,200,000 3,200,000 2,805,651 87.7% 2,730,117 3%
Real Estate Recordation 3,313,547 3,800,000 3,800,000 1,876,897 49.4% 1,819,982 3%
Admissions Tax 1,125,172 1,200,000 1,200,000 551,292 45.9% 584,620 -6%
Other Local Taxes  3,298,706 3,030,000 2,830,000 360,227 11.9% 454,754 -21%
Total Other Local Taxes $114,371,351 $116,430,000 $116,530,000 $42,989,471 36.9% $40,561,123 6%
               
Intergovernmental Revenues               
Revenue from the Federal Government  $8,804,712 $8,826,689 $8,725,244 $5,159,040 58.4% $3,307,022 56%2 
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  20,082,668 19,769,080 20,098,964 10,741,538 54.3% 11,002,105

-2%

Total Intergovernmental Revenues $52,465,911 $52,174,300 $52,402,739 $38,300,182 73.4% $36,708,731

4%

               
Other Governmental Revenues And Transfers In              
Fines and Forfeitures  $3,941,372 $4,646,020 $4,494,000 $2,477,990 53.3% $2,247,534 10%
License and Permits  4,811,588 1,802,010 $1,876,975 1,573,573 87.3% 2,691,838 -42%3
Charges for City Services 13,803,578 14,902,302 14,175,471 7,794,833 52.3% 7,183,664 9%
Revenue from Use of Money & Property 3,033,638 4,010,000 3,330,000 2,156,937 53.8% 1,975,340 9%
Other Revenue  787,960 783,700 763,000 448,974 57.3% 337,496 33%
Transfer from Other Funds 1,301,560 1,446,713 1,446,713 -           0.0% -           0%
Total Other Government Revenues $27,679,696 $27,590,745 $26,086,159 $14,452,307 52.4% $14,435,872 0%
               
TOTAL REVENUE $531,737,876 $526,602,949 $538,565,799 $280,404,1654 53.2% $274,328,898 2%
               
Appropriated Fund Balance
General Fund
-     $5,499,291 $5,499,291 -           -           -           0%
Reappropriation of FY 2010
  Encumbrances and Other
  Supplemental Appropriations
-     7,272,932

-

-           -           -           0%
TOTAL $531,737,876 $539,375,172 $544,065,090 $280,404,165 52.0% $274,328,898 2%


Revenues Chart

Revenues -- January 2011

  

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Notes

  1. Business License Tax: The increase in this category reflects a change in the timing of payments due to an increase in the number of businesses on quarterly payment plans.
  2. Revenue from the Federal Government:  The City has received $1.2 million in FY 2011 for the Build America Bonds subsidy as compared to $0.4 million in FY 2010.
  3. Licenses and Permits: The category decrease is due to the transfer of the approximate $3.8 million budget for new construction fees from the General Fund to a special revenue account beginning July 1, 2010, where they will be used to cover the cost of Code Enforcement’s New Construction Division, which is now self-financed from these permit fees.
  4. Year-to-Date Revenues:  As of January 31, 2011, actual General Fund revenues totaled $280.4 million, which is 2.2 percent higher than FY 2010 revenues for the same period last year.  Most of this increase is related to the other local taxes category, which is up 6.0 percent over last year.  The FY 2012 Proposed Budget contains a revised estimate for FY 2011 revenues.  That estimate shows a revenue surplus of $12.5 million or 2.3 percent compared to the original FY 2011 budget estimate of General Fund revenues for $526.1 million, primarily due to real property revenues (due to higher assessments than previously forecast). As discussed at the October Council Retreat, this surplus was set aside primarily for capital.

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

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