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Home My Public Portal About09 Appendix V Graphic PresentationAppendix V GRAPHIC PRESENTATION The following graphs show a history of particular revenue sources that are important to the City's financial health. They are transient occupancy tax (bed tax), sales tax, development tax, interest income and building fees. We have also provided a graph showing our cash position from 1974 through June 30, 1981. Many of the revenue sources graphically show a cyclical pattern. In spite of the variations as noted, we have still maintained a healthy financial position. • is i~ • $800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 0 CITY OF RANCHO MIRAGE BED TAX FISCAL YEAR 76-77 77-78 7R-70 7o-An (NINE MONTHS) on o,. t • • • ' JL 1111ti'•1 • f t' ~ is { j'am' {'::;::.••:•}}1. }f tj {~.;.~L. ~ f 1rfA ~ • 1 L{•N~ ~ ' V { •Y} x} • 1 • 1 t ll: hv,:: • .rf~ !,1 t ' • 1 •Vi •f . ~ I A A BUDGETED REVENUE - FY 1980-81 ACTUAL REVENUE AS OF MARCH 31, 1981 PROJECTED REVENUE 6 0 SALES TAX TAXABLE INCREASE OVER YEAR SALES PREVIOUS YEAR JANUARY - DECEMBER 1974 $18,987,000 31.2% JANUARY - DECEMBER 1975 21,761,000 14.6% JANUARY - DECEMBER 1976 27,337,000 25.6% JANUARY - DECEMBER 1977 37,140,000 35.9% JANUARY - DECEMBER 1978 40,657,000 9.5% JANUARY - DECEMBER 1979 59,353,000 45.9% JANUARY - DECEMBER 1980 68,345,000 15.2% COMMENTS 1. HAFN SHOPPING CENTER OPENED 2. LARGEST CATEGORIES OF RETAIL OUTLETS ARE RESTAURANTS AND FURNITURE STORES. 3. 171 • • $800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 -0- CITY OF RANCHO MIRAGE SALES TAX FISCAL YEAR 76-77 77-7R 7R-70 70-nn (NINE MONTHS) an_ai r r f.Wrl~~ ..yy .L•M'.'M1.M1•J. • •y 1 • }W fl 1 Y::f..L 5Y}.•}1 ~ % 1 • • . • .JyM1;.}•.i:•}:•}:•:{:•:{•:•} } r: ' r:~~::? 1 •\~'1 1 rr,N.v+; ' r l} ~~y/ LL.•~Yr{~~ {.e'••i YYY • • 1 ' 1#~ll. { SR 1 JC 'rr' 1 • • ~~.•1{ {~1J?M1 4444 Y1• r' .M1.'1.:~ ~ ,..•r .y~libf:{' - rY: ~ ~ f' .{ti'. '{r {.V:}~ 1 ~ • •'•LL r ~ .o• ry•'} ' : ' 1r • jj.:1r1•.~ ,'{~X.•fj.1• 1i1•.LY • L • 1 1. y • l • YJ~'J.{Y:~. '~ff•. rriii•555 MMMSSS]]] ' . r 1.'r'r}~{~r.M1V}.'•h4~•{ fv ;r,.¢~.vf{. rn. 1•:' •::Sf2~}w •r rN, L •r },:•r . v rr., r: 1 fi: ~ [ BUDGETED REVENUE - FY 1980-81 ACTUAL REVENUE AS OF MARCH 31, 1981 PROJECTED REVENUE • • DEVELOPMENT TAX YEAR JANUARY - DECEMBER 1974 JANUARY - DECEMBER 1975 JANUARY - DECEMBER 1976 JANUARY - DECEMBER 1977 JANUARY - DECEMBER 1978 JANUARY - DECEMBER 1979 JANUARY - DECEMBER 1980 JANUARY - MARCH 1981 MARKET VALUE DEVELOPMENT OF IMPROVEMENTS TAX RECEIVED $25,538,667 $ 210,914 18,427,966 136,550 28,784,557 222,108 73,035,972 590,500 92,913,181 885,548 43,511,872 620,793 20,501,359 90,877 5,955,850 32,362 COMMENTS 1. DEVELOPMENT TAX WAS INITIATED JANUARY 1,1974 AT $.20 PER SQ. FT. 2. DEVELOPMENT TAX WAS INCREASED JULY 1, 1978 TO $.40 PER SQ. FT. 3. 1977 AND 1978 REPRESENT YEARS OF PEAK BUILDING ACTIVITY THROUGHOUT THE COACHELLA VALLEY. 0 $800,000 700,000 600,000 500,000 11 400,000 300,000 200,000 100,000 0 -0- CITY OF RANCHO MIRAGE DEVELOPMENT TAX FISCAL YEAR (NINE MONTHS) BUDGETED REVENUE FY 1980,81 ACTUAL REVENUE AS OF MARCH 31, 1981 PROJECTED REVENUE INTEREST INCOME • FUNDS INTEREST YEAR INVESTED RECEIVED FY 1973/1974 $ 428,393 $ 3,518 FY 1974/1975 729,470 43,527 FY 1975/1976 450,262 42,714 FY 1976/1977 1,021,537 38,000 .FY 1977/1978 1,341,771 110,033 FY 1978/1979 2,757,578 119,371 FY 1979/1980 41312,817 448,596 FY 1980/1981 5,200,000 (ESTIMATED) 550,000 (ESTIMATED) COMMENTS 1. CONSTITUTIONAL AMENDMENT, PROPOSITION 4, C." SPENDING LIMITATION, • WAS EFFECTIVE JULY 1, 1979. FUND BALANCE OF $2,757,578 WAS INVESTED: JULY 1, 1979 TO DEC. 31,1979 @ 13.426% _ $ 185,116 INT. INCOME JAN 1, 1980 TO JUNE 30, 1980 @ 14.069% = 207,004 " " JULY 1, 1980 TO DEC. 31,1980 @ 13.465% = 212,053 " " JAN. 1, 1981 TO JUNE 30, 1981 @ 16.236% = 272,906 EST. INT. INC. $3,634,656 NOT SUBJECT TO GAFN APPROPRIATION LIMITS • CITY OF RANCHO MIRAGE INTEREST INCOME $800,000 FISCAL YEAR (NTNF MONTHS) • • 700,000 600,000 500,000 400,000 300,000 200,000 100,000 -0- - BUDGETED REVENUE - FY 1980-81 ACTUAL REVENUE AS OF MARCH 31, 1981 PROJECTED REVENUE • • BUILDING FEES PERMITS BUILDING YEAR ISSUED FEES RECEIVED JANUARY - DECEMBER 1974 853 $161,024 JANUARY - DECEMBER 1975 1242 128,961 JANUARY - DECEMBER 1976 1677 218,978 JANUARY - DECEMBER 1977 4622 549,212 JANUARY - DECEMBER 1978 3394 663,519 JANUARY - DECEMBER 1979 2692 373,194 JANUARY - DECEMBER 1980 1877 152,980 JANUARY - MARCH 198 1 534 59,828 COMMENTS 1. FEES CHARGED FOR CONSTRUCTION ARE RECOMMENDED BY BUILDING STANDARDS MAGAZINE AND REPRESENT AVERAGE COST FOR MOST BUILDINGS. ADJUSTMENTS ARE MADE FOR SPECIAL ARCHITECTURAL OR STRUCTURAL FEATURES. THESE COSTS COMPLY WITH THE DEFINITION OF "VALUATION" IN SECTION 423 OF THE UNIFORM BUILDING CODE ADOPTED BY THE CITY OF RANCHO MIRAGE. 2. 1977 AND 1978 REPRESENT YEARS OF PEAK BUILDING ACTIVITY THROUGHOUT THE COACHELLA VALLEY. C J CITY OF RANCHO MIRAGE. BUILDING FEES - PERMITS FISCAL YEAR /niT nir n,nuTUC~ $800,00c 700,000 600,000 500,000 11 400,000 300,000 200,000 100,000 0 -0- - - - - BUDGETED REVENUE - FY 1980-81 ACTUAL REVENUE AS OF MARCH 31, 1981 PROJECTED REVENUE 0 $5 MILLION 4 MILLION 3 MILLION 2 MILLION i MILLION JUNE JUNE 30 30 1974 1975 0 ANTICIPATED FUND BALANCE AS OF MARGH 31,.1981 • CITY OF RANCHO MIRAGE GENERAL FUND RESERVES UNINCUMBERED JUNE JUNE JUNE 30 30 30 1976 1977 1Q7R JUNE JUNE 30 30 1Q7Q 1OAn EEEE .r•Lzii sir? i iii?? i?i i.. ii?ii ii eii? U e i?? iii . t...... ??i . iii : ...s. ei • 6 ?i?ii?°0 ..;;si::i::.?s::r t::: :::t????.;...i... ...i : :??i°?? . ::i::• . a iiiiiiiiiiiifi • ii????i i : •s;.....: s•::...... if - . JUNE 30 1981