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Home My Public Portal About05 General Fund RevenuesCity of Rancho Mirage Annual Budget FY 1993-94 SECTION IV General Fund Revenues CITY OF RANCHO MIRAGE 44 REVENUE BY SOURCE 1991-92 1992-93 1992-93 1993-94 OBJ GENERAL FUND 001 ACTUAL BUDGET ESTIMATE BUDGET OPERATING REVENUES: 3100 Property Tax 380,030 393,000 250,000 225,000 3201 Sales Tax 1,744,501 1,768,000 1,797,000 1,971,000 3202 Franchise Tax 467,728 544,000 628,000 597,000 3203 Bed Tax 3,044,050 3,500,000 3,400,000 3,600,000 3204 Real Property Trans Tax 106,007 99,000 65,000 68,000 3205 License Tax-New Constr-$.40 120,937 0 0 0 3301 Business License Fee 84,895 78,000 104,000 119,000 3404 Building Permit Fee 287,381 230,000 190,000 170,000 3405 Building Plan Check 147,540 100,000 89,000 105,000 3601 Interest Income 922,798 506,000 596,700 578,000 3701 Motor Vehicle License Fee 285,545 346,000 346,000 351,000 3702 Cigarette Tax 10,858 0 2,333 0 3710 Trailer License Fee 15,390 0 3,983 0 3715 Fines & Forfeitures 8,391 9,100 10,000 10,000 3801 Planning Fees 104,086 110,000 125,000 130,000 3805 Community Facilities Districts 21,000 20,000 47,000 57,800 3808 P/W Plan Check 96,884 172,000 140,000 120,000 3817 P/W Miscellaneous Fees 107,770 36,400 12,000 20,000 3822 P/W Inspections 97,041 177,000 170,000 150,000 3825 Recreation Fee 7,349 6,000 6,000 6,000 3911 Rent Control Reimbursement 0 0 0 12,000 3913 Redevelopment Reimbursement 525,762 573,000 598,000 943,957 3914 Assessment District Reimb. 0 25,000 15,000 15,000 3920 Miscellaneous 115,760 15,000 5,000 0 6442 Nuisance Abatement 33,874 5,000 43,000 5,000 6443 Other Revenue 305,624 4,600 15,000 30,000 6445 Redevelopment Interest Payment 208,108 156,602 153,000 272,000 TOTAL OPERATING REVENUES 9,249,309 8,873,702 8,811,016 9,555,757 CAPITAL REVENUES: 3206 License Tax-New Constr-$2.68 546,417 1,200,000 830,000 804,000 3510 Monterey Market Pl. Lease 0 1,524,600 1,524,600 0 3601 Interest on License Tax 0 0 53,300 72,000 TOTAL CAPITAL REVENUES 546,417 2,724,600 2,407,900 876,000 OTHER REVENUE: 3917 Payment of RDA/Park Fund Receiv 0 0 3,538,409 0 TOTAL GENERAL FUND 9,795,726 11,598,302 14,757,325 10,431,757 REVENUE HISTORY 1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 1992-93 1992-93 1993-94 GENERAL FUND Actual Actual Actual Actual Actual Actual Budget Estimate Proposed Comments Property Tax 190,104 193,305 271,162 283,150 303,609 380,030 393,000 250,000 225,000 FY 92-93 Est+4%Growth less 22% State shih;excludes No-Low Sales T" 1,472,138 1,497,035 1,711,690 1,796,955 1,942,971 1,744,501 1,768,000 1,797,000 1,971,000 FY 92-93 Est +3% Growth+ $120,000 Home Depot Franchise Tax 374,804 354,462 424,964 434,158 491,141 467,728 544,000 628,000 597,000 FY 92-93 Est + 4% CPI;Cable 10% reduction Bed Tax 1,384,887 1,975,243 2,736,231 2,444,130 2,129,846 3,044,050 3,500,000 3,400,000 3,600,000 FY 92-93 Est + 4% CPI + 2% Growth Real Property Trans Tax 89,639 103,967 178,527 182,317 134,431 106,007 99,000 65,000 68,000 FY 92-93 Estimate + 4%(CPI) License Tax-New Constr-S-40 534,486 402,526 144,517 298,138 290,869 120,937 0 0 0 Discontinued (included in $2.68) License Tax-New Constr-52.68 0 0 0 0 0 546,417 1,200,000 830,000 804,000 300,000 square feet @ $2.68 Business License Fee 88,364 68,544 68,838 77,120 82,125 84,895 78,000 104,000 119,000 FY 92-93 Est+4%(CPI)+510,000 from enforcement Animal License Fee 1,556 1,854 1,585 1,445 37 0 0 0 0 Turned over to the County Building Permit Fee 332,884 404,364 527,781 341,483 356,821 287,381 230,000 190,000 170,000 Based on 300,000 square feet Building Plan Check 192,453 192,352 291,315 229,048 214,429 147,540 100,000 89,000 105,000 Based on 300,000 square feet Monterey Market Pl. Lease 0 0 0 0 0 0 1,524,800 1,524,600 0 One-time revenue Interest Income 1,262,286 1,027,195 1,146,206 1,191,144 1,063,986 922,798 506,000 650,000 650,000 Estimate @ 4% interest rate Motor Vehicle License Fee 276,035 299,826 342,326 316,385 456,618 285,545 346,000 346,000 351,000 State's estimate Cigarette Tax 35,443 33,590 30,238 30,035 27,243 10,858 0 2,333 0 Cut from Stale Budget Trailer License Fee 10,958 29,467 17,271 16,158 21,555 15,390 0 3,983 0 Turned over to Stale Fines 6 Forfeitures 0 0 0 0 9,492 8,391 9,100 10,000 10,000 FY 92-93 Estimate Comm Development Block Grant 0 15,295 0 43,000 6,500 0 0 0 0 Discontinued program AB939 Waste Management Program 0 0 0 0 2,355 0 0 0 0 One-time pass-thru from County Planning Fees 39,973 39,380 101,758 116,206 92,841 104.086 110,000 125,000 130,000 Estimate Community Facilities Districts 0 0 0 0 20,250 21,000 20,000 47,000 57,800 Formations and annual fees P/W Plan Check 19,676 0 340,480 47,044 96,456 96,884 172,000 140,000 120,000 Estimate P/W Miscellaneous Fees 0 144,100 0 37,466 47,356 107,770 36,400 12,000 20,000 Estimate P/W Inspections 55,110 0 98,815 103,200 203,392 97,041 177,000 170,000 150,000 Estimate Recreation Fee 4,072 5,677 4,993 4,176 6,297 7,349 6,000 6,000 6,000 FY 92-93 Estimate Rent Control Reimbursement 0 0 0 0 0 0 0 0 12,000 Estimate Redevelopment Reimbursement 71,741 124,760 221,210 238,800 341,289 525,762 573,000 598,000 943,957 Estimate Assessment District Reimb. 10,405 0 101,267 49,207 0 0 25,000 15,000 15,000 New A.D. (Clancy Lane) Miscellaneous 6,034 349,457 301,167 154,817 39,786 115,760 15,000 5,000 0 Combined with 'Other Revenue' ' Nuisance Abatement 0 13,005 52,985 10,864 6,202 33,874 5,000 43,000 5,000 Estimate Other Revenue 105,266 2,659 752,510 286,616 796,889 305,624 4,600 15,000 30,000 See Attachment Redevelopment Interest Payment 0 0 0 0 632,876 208,108 156,602 153,000 272,000 $3,404,400 @ 8% Operating Transfers-In 0 0 0 824,842 854,019 0 0 0 0 No longer applicable Payment of RDA/Parkland Receivables 0 0 0 0 0 0 0 3,538,409 0 One-time revenue TOTAL GENERAL FUND 8,538,310 7,278,083 9,887,836 9,537,904 10,671,881 9,785,726 11,598,302 14,757,325 10,431,757 A 01 REVENUE HISTORY-ATTACHMENT _ 1986-87 1987-88 „ 1988-89 1989-90 1990-91 1991-92 1992-93 1992-93 1993-94 OTHER REVENUE- Actual Actual Actual Actual Actual Actual Budget Estimate Proposed Comments Resident Inspector 5,277 0 0 0 0 0 0 0 0 Program dropped Interest on CVB Loan 0 0 0 0 8,877 10,076 2,600 2,971 1,400 Per payment schedule Sale of Property 1,104 0 0 0 0 601 0 0 0 No sales anticipated Capital Project Reimb 0 0 261,500 0 870,022 144,254 0 2,229 0 Cannot predict Off Road M V License Fee 0 0 0 150 245 174 0 176 175 Cannot predict Fines/Forfeitures 0 0 20,332 12,063 0 0 0 0 0 Separate General Fund revenue account Property Rental 0 0 11,900 22,600 6,800 0 0 0 0 Sold house Refunds of Fees & Deposits 0 0 0 0 (103,645) 0 0 0 0 Cannot predict Mobile Home Inspection 5,277 0 2,028 0 0 0 0 0 0 Turned over to Stale Miscellaneous Receipts 0 0 0 0 3,531 (45,918) 0 5,514 21,425 Cannot predict OTS Grant 0 0 0 17,705 0 0 0 0 0 One-time grant Sales of Maps & Publications 386 2,659 2,018 7,865 61 0 0 0 2,000 Estimate Property Damage Reimb 234 0 0 2,119 543 190,534 0 0 0 Cannot predict Ordinance Violation . 250 0 0 0 0 0 0 0 0 Cannot predict Certificate of Participation 92,738 0 0 0 0 0 0 0 0 One time event Cash - in - Lieu 0 0 0 182,173 7,316 0 0 0 0 Cannot predict Auditor Adjustments 0 0 454,732 0 0 0 0 0 0 Cannot predict Reimbursement Income 0 0 0 15,101 304 407 0 78 0 Cannot predict Special Events Permits 0 0 0 5,440 2,835 5,496 2,000 4,032 5,000 Estimate Golf Cart Permits 0 0 0 1,400 0 0 0 0 0 Cannot predict TOTAL OTHER REVENUE 105,266 2,859 752,510 266,616 796,889 305,624 4,600 15,000 30,000 Q1 FINANCIAL HISTORY - TOTAL REVENUE GENERAL FUND Millions $16 $14 $12 $10 $8 $6 $4 $2 $0 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 Years 47