City of Alexandria, VA
Online Reference 2: Comparative Statement of Revenues, General Fund, For the Periods Ending March 31, 2011, and March 31, 2010
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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 3/31/11 |
% OF
BUDGET |
FY 2010
REVENUES
THRU 3/31/10 |
%
CHANGE |
| General Property Taxes |
|
|
|
|
|
|
|
| Real Property Taxes |
$302,666,192 |
$296,237,904 |
$307,976,901 |
$152,957,884 |
51.6% |
$151,190,021 |
1% |
| Personal Property Taxes |
32,923,178 |
32,300,000 |
34,600,000 |
33,577,507 |
104.0% |
31,764,903 |
6% |
| Penalties and Interest |
1,631,548 |
1,870,000 |
1,870,000 |
1,469,333 |
78.6% |
1,071,853 |
37% |
| Total Gen. Property Taxes |
$337,220,918 |
$330,407,904 |
$344,446,901 |
$188,004,724 |
56.9% |
$184,026,777 |
2% |
| |
|
|
|
|
|
|
|
| Other Local Taxes |
|
|
|
|
|
|
|
| Local Sales and Use Tax |
$22,744,483 |
$23,500,000 |
$23,700,000 |
$13,695,307 |
58.3% |
$13,359,948 |
3% |
| Consumer Utility Taxes |
10,462,233 |
10,500,000 |
10,900,000 |
7,295,362 |
69.5% |
6,907,354 |
6% |
| Communication Sales and Use Tax |
11,315,541 |
11,600,000 |
11,600,000 |
6,760,830 |
58.3% |
6,537,345 |
3% |
| Business License Taxes |
30,295,624 |
30,200,000 |
29,250,000 |
27,169,594 |
90.0% |
26,978,008 |
1% |
| Transient Lodging Taxes |
10,824,410 |
11,100,000 |
11,600,000 |
6,735,758 |
60.7% |
6,303,665 |
7% |
| Restaurant Meals Tax |
14,908,999 |
15,400,000 |
15,700,000 |
10,064,680 |
65.4% |
9,372,474 |
7% |
| Tobacco Taxes |
2,910,382 |
2,900,000 |
2,900,000 |
1,829,272 |
63.1% |
1,925,281 |
-5%1 |
| Motor Vehicle License Tax |
3,172,254 |
3,200,000 |
3,200,000 |
3,045,549 |
95.2% |
2,922,231 |
4% |
| Real Estate Recordation |
3,313,547 |
3,800,000 |
3,800,000 |
2,377,347 |
62.6% |
2,157,946 |
10% |
| Admissions Tax |
1,125,172 |
1,200,000 |
1,100,000 |
687,884 |
57.3% |
760,675 |
-10% |
| Other Local Taxes |
3,298,706 |
3,030,000 |
2,730,000 |
549,096 |
18.1% |
603,422 |
-9% |
| Total Other Local Taxes |
$114,371,351 |
$116,430,000 |
$116,480,000 |
$80,210,679 |
68.9% |
$77,828,349 |
3% |
| |
|
|
|
|
|
|
|
| Intergovernmental Revenues |
|
|
|
|
|
|
|
| Revenue from the Federal Government |
$8,804,712 |
$8,826,689 |
$9,206,344 |
$6,419,463 |
72.7% |
$4,780,765 |
34%2 |
| 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 |
20,082,668 |
19,769,080 |
20,098,964 |
15,040,056 |
76.1% |
15,241,461 |
-1%
|
| Total Intergovernmental Revenues |
$52,465,911 |
$52,174,300 |
$52,883,839 |
$44,566,479 |
85.4% |
$43,129,186 |
3% |
| |
|
|
|
|
|
|
|
| Other Governmental Revenues And Transfers In |
|
|
|
|
|
|
|
| Fines and Forfeitures |
$3,941,372 |
$4,646,020 |
$4,494,000 |
$3,267,684 |
70.3% |
$2,852,695 |
15% |
| License and Permits |
4,811,588 |
1,802,010 |
$1,986,975 |
1,901,633 |
105.5% |
3,411,932 |
-44%3 |
| Charges for City Services |
13,803,578 |
14,902,302 |
14,425,471 |
9,369,557 |
62.9% |
8,408,307 |
11%4 |
| Revenue from Use of Money & Property |
3,033,638 |
4,010,000 |
3,330,000 |
2,779,503 |
69.3% |
2,577,328 |
8% |
| Other Revenue |
787,960 |
783,700 |
763,000 |
699,051 |
89.2% |
547,823 |
28% |
| 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 |
$26,446,159 |
$18,017,428 |
65.3% |
$17,798,085 |
1% |
| |
|
|
|
|
|
|
|
| TOTAL REVENUE |
$531,737,876 |
$526,602,949 |
$540,256,899 |
$330,799,3105 |
62.8% |
$322,782,397 |
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 |
$545,756,190 |
$330,799,310 |
61.3% |
$322,782,397 |
2% |
Notes
- Tobacco Taxes: The decrease in this category is primarily attributable to the increase in the tax rate. There is some anecdotal evidence of a sales drop off related to smoking bans.
- 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.
- 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.
- Charges for City Services: The increase primarily represents a budgeted increase for fire retesting fees and parking meter receipts.
Year-to-Date Revenues: As of March 31, 2011, actual General Fund revenues totaled $330.8 million, which is 2.5 percent higher than FY 2010 revenues for the same period last year. Most of this increase is related to general property tax and the other local tax categories, which are up 2.0 percent and 3.0 percent respectively over last year. This report includes the April re-estimates described in Budget Memo # 52, which anticipate an additional $1.7 million in revenues for FY 2011.
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