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City of Alexandria, VA City of Alexandria, VA
Finance
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Page updated Apr 9, 2012 9:53 AM
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Online Reference 2: Comparative Statement of Revenues, General Fund, For the Periods Ending February 29, 2012, and February 28, 2011

View All Revenue Summaries and Explanations
Return to February 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.

  FY2011
ACTUALS
FY 2012
REVISED
BUDGET
FY 2012
PROJECTED
REVENUES
FY 2012
REVENUES
THRU 2/29/12
% OF
BUDGET
FY 2011
REVENUES
THRU 2/28/11
%
CHANGE
General Property Taxes              
Real Property Taxes $312,641,695 $321,674,773 $325,999,992 $159,545,617 49.6% $152,617,067 5%
Personal Property Taxes 34,891,944 34,600,000 36,945,648 35,876,711 103.7% 32,766,205 9%1
Penalties and Interest 2,246,186 1,870,000 1,870,000 1,156,570 61.8% 1,130,936 2%
Total Gen. Property Taxes $349,779,825 $358,144,773 $364,815,640 $196,578,898 54.9% $186,514,208 5%
               
Other Local Taxes              
Local Sales and Use Tax $23,880,909 $24,200,000 $24,400,000 $12,367,510 51.1% $11,993,228 3%
Consumer Utility Taxes 10,812,989 11,200,000 11,200,000 6,214,325 55.5% 6,351,752 -2%
Communication Sales and Use Tax 11,259,534 11,600,000 11,100,000 5,259,556 45.3% 5,914,286 -11%2
Business License Taxes 30,444,798 31,825,000 32,000,000 17,272,810 54.3% 11,570,759 49%3
Transient Lodging Taxes 11,245,201 12,500,000 11,700,000 6,073,262 48.6% 6,001,548 1%
Restaurant Meals Tax 16,214,900 16,300,000 16,300,000 8,886,673 54.5% 8,710,312 2%
Tobacco Taxes 2,777,053 2,900,000 2,900,000 1,552,781 53.5% 1,629,229 -5%
Motor Vehicle License Tax  3,324,937 3,200,000 3,400,000 2,997,414 93.7% 2,911,166 3%1
Real Estate Recordation 3,668,663 3,800,000 4,100,000 3,209,074 84.4% 2,186,694 47%4
Admissions Tax 1,082,685 1,100,000 1,000,000 619,583 56.3% 618,159 0%
Other Local Taxes  3,547,688 2,705,000 3,285,275 346,326 12.8% 459,640 -25%5
Total Other Local Taxes $118,259,357 $121,330,000 $121,385,275 $64,799,314 53.4% $58,346,773 11%
               
Intergovernmental Revenues              
Revenue from the Federal Government $9,697,509 $9,447,640 $9,950,206 $5,293,173 56.0% $5,772,502 -8%6
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 20,452,569 19,950,485 19,950,485 11,924,179 59.8% 11,397,802 5%
Total Intergovernmental Revenues $53,728,609 $52,976,656 $53,479,222 $40,324,312 76.1% $40,277,264 0%
               
Other Governmental Revenues And Transfers In              
Fines and Forfeitures $4,472,520 $4,764,000 $4,764,000 $2,994,048 62.8% $2,826,777 6%
Licenses and Permits 2,543,789 2,049,975 2,282,439 1,570,095 76.6% 1,691,117 -7%
Charges for City Services 14,939,668 14,709,303 14,909,303 9,321,763 63.4% 8,934,640 4%7
Revenue from Use of Money & Property 3,591,323 3,570,000 3,420,000 2,720,152 76.2% 2,566,536 6%
Other Revenue  987,727 490,000 490,000 648,123 132.3% 506,056 28%
Transfer from Other Funds 1,446,713 1,666,903 1,666,903 - 0.0% - 0%
Total Other Government Revenues $27,981,740 $27,250,181 $27,532,645 $17,254,181 63.3% $16,525,126 4%
               
TOTAL REVENUE $549,749,531 $559,701,610 $567,212,782 $318,956,705 57.0% $301,663,371 6%
               
Appropriated Fund Balance
General Fund
- $8,961,138 $1,449,966 - - - 0%
Reappropriation of FY 2011
Encumbrances and Other
Supplemental Appropriations
- 10,160,618 10,160,618 - - - 0%
TOTAL $549,749,531 $578,823,366 $578,823,366 $318,956,705 55.1% $301,663,371 6%


Notes

  1. Personal Property Taxes/Motor Vehicle License: The FY 2012 vehicle assessments included 5,000 more cars than the FY 2011 billing.
  2. Communication Taxes: The decrease in these taxes is primarily attributable to a one time refund issued to a large wireless provider who collected taxes on data services for various wireless devices used by their customers.  The total amount of the refund including interest was $12.9 million, and the City’s share was $0.3 million. The remaining decrease represents the timing of payments from several providers.
  3. Business License Taxes: The City’s business license tax is due March 1, 2012, but not all collections are included in this report. Collections-to-date in the amount of $17.3 million represent a difference in the timing for payments made by businesses (i.e. paid in late February). Collections, while higher than in FY 2011, are still being tabulated. No conclusions about current year collections will be available until the tabulation is complete.
  4. Recordation Tax: The increase in this tax is primarily the result of the sale and refinancing of a few large commercial properties. 
  5. Other Local Taxes: The decrease of 25 percent in other local taxes is a result of the variable timing of quarterly payments for vehicle rental taxes.
  6. Revenue from Federal Government: The decrease in Federal revenue primarily represents the timing of payments for the Federal Prisoner Per Diem.
  7. Charges for Service: The increase in charges for services is the result of a budgeted increase in meter fees (to $1.75/hour) implemented with the installation of the new multi-space meters midway through FY 2011.

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

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