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.
|General Property Taxes|
|Real Property Taxes||$295,518,893||$296,281,111||$303,545,273||$151,493,541||51.1%||$146,289,042||4%|
|Personal Property Taxes||36,023,945||31,300,000||32,300,000||32,082,792||102.5%||35,071,352||-9%|
|Penalties and Interest||1,939,225||1,870,000||1,870,000||1,186,391||63.4%||1,563,173||-24%|
|Total Gen. Property Taxes||$333,482,063||$329,451,111||$337,715,273||$184,762,724||56.1%||$182,923,567||1%|
|Other Local Taxes|
|Local Sales and Use Tax||$21,679,635||$24,050,000||$22,600,000||$14,823,531||61.6%||$13,899,280||7%1|
|Consumer Utility Taxes||10,409,248||10,600,000||10,300,000||7,906,188||74.6%||7,925,946||0%|
|Communication Sales and Use Tax||11,268,560||11,800,000||11,400,000||7,464,552||63.3%||7,742,495||-4%|
|Business License Taxes||30,527,956||30,100,000||29,200,0002||28,026,894||93.1%||27,969,204||0%|
|Transient Lodging Taxes||10,592,806||11,000,000||10,700,000||7,364,770||67.0%||7,385,737||0%|
|Restaurant Meals Tax||14,912,796||15,200,000||14,800,000||10,737,809||70.6%||10,831,894||-1%|
|Motor Vehicle License Tax||3,085,288||3,200,000||3,200,000||3,015,859||94.2%||2,943,547||2%|
|Real Estate Recordation||3,206,705||3,100,000||3,500,000||2,399,216||77.4%||2,219,572||8%|
|Other Local Taxes||2,765,510||2,730,000||3,030,000||677,732||24.8%||668,235||1%|
|Total Other Local Taxes||$112,271,370||$115,930,000||$112,780,000||$85,445,217||73.7%||$84,422,677||1%|
|Revenue from the Federal Government||$8,919,582||$7,883,381||$7,868,360||$5,353,409||67.9%||$4,741,125||13%|
|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||20,597,014||22,314,591||20,235,623||15,838,106||71.0%||16,471,764||-4%|
|Total Intergovernmental Revenues||$53,095,127||$53,776,503||$51,682,514||$44,298,475||82.4%||$44,319,849||0%|
|Other Governmental Revenues And Transfers In|
|Fines and Forfeitures||$4,116,453||$4,781,325||$3,983,550||$3,191,871||66.8%||$3,289,116||-3%|
|License and Permits||4,827,422||5,367,759||4,730,836||3,794,182||70.7%||4,200,627||-10%3|
|Charges for City Services||12,404,166||12,852,808||13,141,634||9,178,125||71.4%||8,332,803||10%|
|Revenue from Use of Money & Property||4,433,015||3,859,476||3,110,000||2,914,854||75.5%||4,101,764||-29%4|
|Transfer from Other Funds||2,223,910||1,301,560||1,301,560||-||0.0%||2,223,910||0%|
|Total Other Government Revenues||$29,070,095||$28,948,915||$26,995,580||$19,669,161||67.9%||$22,670,520||-13%|
|Appropriated Fund Balance|
|Reappropriation of FY 2009
Encumbrances and Other
- 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 March are 2.0 percent below last year.
- Business License Taxes: The City’s business license tax was due March 1, 2010. Collections-to-date in the amount of $28.0 million represent a difference in the timing for payments made by businesses. As indicated in the April re-estimates, receipts will be lower than budgeted by $1.9 million.
- License, Permits and Fees: Decreased revenue in this category represents lower permit fees collected for building permits, reflecting the continued slowdown in building activity in the City.
- 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.
- Year-to-Date Revenues: As of April 30, 2010, actual General Fund revenues totaled $334.2 million, which is 0.01 percent below FY 2009 revenues of $334.3 million for the same period last year. Council received updated revenue forecasts at the April 26 Budget work session. That estimate shows a revenues 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 business license and sales tax revenue (due to lower assessments than previously forecast) and lower intergovernmental revenues. Note that the revenue estimate includes the final real estate tax rate of 97.8 cents per $100 of assessed value approved 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 recoded in the special stormwater fund and not included in this General Fund monthly financial report revenue estimate.