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City of Alexandria, VA City of Alexandria, VA
Finance
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Page updated Aug 17, 2011 4:44 PM
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Online Reference 2:  Comparative Statement of Revenues, General Fund, For the Periods Ending June 30, 2011, and June 30, 2010

View All Revenue Summaries and Explanations 
Return to June 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 6/30/11
% OF
BUDGET
FY 2010
REVENUES
THRU 6/30/10
%
CHANGE
General Property Taxes              
Real Property Taxes $302,666,192 $296,237,904 $307,976,9011  $311,176,100 105.0% $301,238,988 3%
Personal Property Taxes 32,923,178 32,300,000 34,600,000 34,589,662 107.1% 32,545,371 6%
Penalties and Interest  1,631,548 1,870,000 1,870,000 2,013,288 107.7% 1,433,520 40%
Total Gen. Property Taxes $337,220,918 $330,407,904 $344,446,901 $347,779,050 105.3% $335,217,879 4%
               
Other Local Taxes              
Local Sales and Use Tax $22,744,483 $23,500,000 $23,700,000 $19,558,602 83.2% $18,746,791 4%
Consumer Utility Taxes 10,462,233 10,500,000 10,900,000 9,893,464 94.2% 9,550,288 4%
Communication Sales and Use Tax 11,315,541 11,600,000 11,600,000 9,544,896 82.3% 9,405,558 1%
Business License Taxes 30,295,624 30,200,000 29,250,000 29,584,026 98.0% 29,210,351 1%2 
Transient Lodging Taxes 10,824,410 11,100,000 11,600,000 10,130,610 91.3% 9,742,777 4%
Restaurant Meals Tax 14,908,999 15,400,000 15,700,000 14,097,452 91.5% 13,598,978 4%
Tobacco Taxes 2,910,382 2,900,000 2,900,000 2,521,246 86.9% 2,655,382 -5%
Motor Vehicle License Tax  3,172,254 3,200,000 3,200,000 3,324,739 103.9% 3,172,501 5%
Real Estate Recordation 3,313,547 3,800,000 3,800,000 3,346,082 88.1% 2,952,847 13%
Admissions Tax 1,125,172 1,200,000 1,100,000 956,227 79.7% 1,021,678 -6%
Other Local Taxes  3,298,706 3,030,000 2,730,000 3,384,951 111.7% 3,123,655 8%
Total Other Local Taxes $114,371,351 $116,430,000 $116,480,000 $106,342,295 91.3% $103,180,806 3%
               
Intergovernmental Revenues               
Revenue from the Federal Government  $8,804,712 $8,826,689 $9,206,344 $9,334,599 105.8% $7,506,055 24%3
Personal Property Tax Relief from the Commonwealth  23,578,531 23,578,531 23,578,531 23,578,531 100.0% 23,578,531 0%
Revenue from the Commonwealth  20,082,668 19,769,080 20,098,964 19,635,924 99.3% 19,183,900 2%
Total Intergovernmental Revenues $52,465,911 $52,174,300 $52,883,839 $52,549,054 100.7% $50,268,486 5%
               
Other Governmental Revenues And Transfers In              
Fines and Forfeitures  $3,941,372 $4,646,020 $4,494,000 $4,387,642 94.4% $3,876,253 13%
License and Permits  4,811,588 1,802,010 $1,986,975 2,544,009 141.2% 4,813,234 -47%4
Charges for City Services 13,803,578 14,902,302 14,425,471 14,765,739 99.1% 13,680,726 8%
Revenue from Use of Money & Property 3,033,638 4,010,000 3,330,000 3,865,461 96.4% 3,564,308 8%
Other Revenue  787,960 783,700 763,000 946,236 120.7% 788,017 20%
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 $26,509,087 96.1% $26,722,538 -1%
               
TOTAL REVENUE $531,737,876 $526,602,949 $540,256,899 $533,179,4865 101.2% $515,389,709 3%
               
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 $533,179,486 98.9% $515,389,709 3%


Notes

  1. Real Estate Taxes: The revenue estimate shown in Online Reference 2 includes the final real estate tax rate of 99.8 cents per $100 of assessed value approved by Council on May 2. This rate includes an allocation of 2.2 cents of the property tax increase to pay for transportation improvements, providing $3.5 million for that purpose from FY 2011 revenues. These funds will be counted as General Fund Revenue and be recorded as a committed General Fund Balance in the City’s FY 2011 Comprehensive Annual Financial Report. 
  2. Business License: Increased collections represent additional enforcement actions undertaken in May.
  3. Revenue from the Federal Government: The City received $1.2 million budgeted in FY 2011 for the Build America Bonds subsidy as compared to $0.4 million in FY 2010. The associated interest expense is included in debt service.  Also, federal prisoner per diem revenue is higher. 
  4. Licenses and Permits:  The category decrease is due to the transfer of approximately $3.8 million budgeted 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.
  5. Year-to-Date Revenues:  As of June 30, 2011, actual General Fund revenues totaled $533.2 million, which is 3.5 percent higher than FY 2010 revenues for the same period last year.  Most of this increase is related to real estate, personal property tax and the other local tax categories, which are up over last year.  We believe that we will at least achieve, if not exceed, the April revenue forecast once final CAFR figures are available.

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

Office Hours:
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8 a.m. - 5 p.m.