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HomeMy Public PortalAbout2021-11 NO Meeting - Revenue Model ReportRe v e n u e Mo d e l Re p o r t Fo r   t h e   P e r i o d   E n d i n g   O c t o b e r   3 1 ,   2 0 2 1 Da t a   a s   o f   N o v e m b e r   8 ,   2 0 2 1 FY   2 0 2 1 Y T D   A c t u a l P r o j e c t e d   O v e r / De s c r i p t i o n Bu d g e t As   o f   1 1 / 8 / 2 1 (U n d e r )   B u d g e t Sa l e s   T a x   a n d   U s e   T a x $1 2 , 0 5 2 , 1 9 6 . 4 8 $ 1 1 , 5 4 6 , 8 6 8 . 1 6 $ 6 1 2 , 2 9 9 . 9 1 In t e r g o v e r n m e n t a l   T a x e s $2 , 3 5 6 , 0 0 0 . 0 0 $ 2 , 1 3 9 , 2 8 7 . 2 4 $ 8 2 , 9 8 2 . 7 5 Ot h e r   T a x e s $1 0 0 , 0 0 0 . 0 0 $ 8 6 , 6 6 0 . 0 6 ($ 5 , 7 8 3 . 6 3 ) Fr a n c h i s e   &   U t i l i t y   T a x $6 , 8 2 5 , 0 0 0 . 0 0 $ 5 , 7 8 5 , 6 2 3 . 3 7 ($ 6 0 6 , 3 1 0 . 7 9 ) Pr o p e r t y   T a x e s $5 , 5 6 1 , 3 9 9 . 2 8 $ 5 , 8 0 5 , 5 0 2 . 1 9 $ 2 5 4 , 3 4 5 . 4 9 In t e r g o v e r n m e n t a l $5 , 1 7 0 . 0 0 $ 4 , 7 5 8 , 7 9 3 . 8 6 $ 4 , 7 5 3 , 6 2 3 . 8 6 Ch a r g e s   f o r   S e r v i c e s $2 , 8 5 2 , 6 7 6 . 1 0 $ 2 , 8 4 6 , 6 8 6 . 8 8 ($ 3 , 2 1 9 . 9 9 ) Fe e s ,   L i c e n s e s ,   &   P e r m i t s $9 5 2 , 6 5 0 . 0 0 $ 1 , 0 3 5 , 6 0 4 . 8 4 $ 8 4 , 2 6 8 . 3 6 Fi n e s   &   F o r f e i t u r e s $6 0 7 , 9 0 0 . 0 0 $ 4 7 8 , 7 1 9 . 2 5 ($ 1 2 9 , 1 8 0 . 7 5 ) Co n t r i b u t i o n s / D o n a t i o n s $3 7 4 , 8 4 9 . 4 3 $ 3 2 8 , 3 5 7 . 1 8 $ 9 , 7 2 9 . 7 6 Ot h e r   O p e r a t i n g   R e v e n u e s $2 5 5 , 3 7 2 . 8 9 $ 3 9 4 , 7 0 9 . 5 1 $ 1 4 1 , 0 1 3 . 8 0 In t e r e s t   I n c o m e $1 2 0 , 0 0 0 . 0 0 $ 1 7 4 , 5 4 2 . 0 6 $ 6 1 , 4 7 0 . 9 9 Ot h e r   N o n   O p e r a t i n g   R e v e n u e $3 1 2 , 7 6 1 . 0 0 $ 3 6 4 , 3 0 2 . 1 3 $ 5 1 , 5 4 1 . 1 3 Op e r a t i n g   T r a n s f e r s   I n $1 , 6 2 5 , 9 9 5 . 0 0 $1 , 6 2 3 , 4 5 8 . 0 9 ($ 2 , 5 3 6 . 9 1 ) To t a l s $3 4 , 0 0 1 , 9 7 0 . 1 8 $ 3 7 , 3 6 9 , 1 1 4 . 8 2 $ 5 , 3 0 4 , 2 4 3 . 9 9 FY2021 Revenue Model Report (Detail)Remaining For the Period Ending October 31, 2021 YTD Actual Estimated Revenues Actual & Estimated Projected Over/Verification  Description Budget As of 11/8/21 As of 11/8/21 TOTAL (Under) Budget of Formulas Sales Tax and Use Tax 10‐100‐400010 Sales Tax $12,052,196.48 $11,514,350.83 $1,117,628.23 $12,631,979.06 $579,782.58 $579,782.58 10‐100‐400020 Sales Tax Interest $0.00 $32,517.33 $0.00 $32,517.33 $32,517.33 $32,517.33 $12,052,196.48 $11,546,868.16 $1,117,628.23 $12,664,496.39 $612,299.91 $612,299.91 Intergovernmental Taxes 10‐100‐401030 Motor Vehicle Sales Tax $596,000.00 $581,106.09 $98,719.59 $679,825.68 $83,825.68 $83,825.68 10‐100‐403010 Gasoline Tax $1,170,000.00 $951,744.24 $200,975.93 $1,152,720.17 ($17,279.83)($17,279.83) 10‐100‐430080 Road & Bridge Tax $590,000.00 $606,436.91 $0.00 $606,436.91 $16,436.91 $16,436.91 $2,356,000.00 $2,139,287.24 $299,695.51 $2,438,982.75 $82,982.75 $82,982.75 Other Taxes 10‐100‐403020 Cig Tax $100,000.00 $86,660.06 $7,556.31 $94,216.37 ($5,783.63)($5,783.63) $100,000.00 $86,660.06 $7,556.31 $94,216.37 ($5,783.63)($5,783.63) Franchise & Utility Tax 10‐100‐410020 Electric Utility Lic Tax $4,000,000.00 $3,562,288.35 $254,977.25 $3,817,265.60 ($182,734.40)($182,734.40) 10‐100‐410021 Electric Utility‐AUDIT $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 10‐100‐410030 Gas Utility License Tax $900,000.00 $781,277.15 $35,597.33 $816,874.48 ($83,125.52)($83,125.52) 10‐100‐410052 Telephone/Cell Utility $1,600,000.00 $1,149,011.30 $117,171.94 $1,266,183.24 ($333,816.76)($333,816.76) 10‐100‐410053 Telephone/Cell Audit $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 10‐100‐410060 Cable Franchise Fee $325,000.00 $293,046.57 $25,319.33 $318,365.90 ($6,634.10)($6,634.10) $6,825,000.00 $5,785,623.37 $433,065.84 $6,218,689.21 ($606,310.79)($606,310.79) Property Taxes 10‐100‐420010 Current Property Tax $4,875,000.00 $4,978,699.90 $0.00 $4,978,699.90 $103,699.90 $103,699.90 10‐100‐420020 Del Property Tax $47,000.00 $137,645.68 $0.00 $137,645.68 $90,645.68 $90,645.68 10‐100‐420040 Fin Institution Tax $30,000.00 $18,137.56 $0.00 $18,137.56 ($11,862.44)($11,862.44) 10‐100‐420050 Prop Tax Int & Penalties $29,000.00 $30,522.18 $540.15 $31,062.33 $2,062.33 $2,062.33 10‐100‐420055 Surtax Receipts ‐ County Reimb $54,399.28 $54,399.28 $0.00 $54,399.28 $0.00 $0.00 10‐100‐420060 Surtax Receipts $470,000.00 $512,886.65 $0.00 $512,886.65 $42,886.65 $42,886.65 10‐100‐420080 Special Tax Rev $56,000.00 $73,210.94 $9,702.43 $82,913.37 $26,913.37 $26,913.37 $5,561,399.28 $5,805,502.19 $10,242.58 $5,815,744.77 $254,345.49 $254,345.49 Intergovernmental 10‐100‐430010 Federal  Grant $0.00 $4,471,750.22 $0.00 $4,471,750.22 $4,471,750.22 $4,471,750.22 10‐100‐430040 Local  Grant $5,170.00 $16,426.36 $0.00 $16,426.36 $11,256.36 $11,256.36 10‐100‐430060 Drug Forfeiture $0.00 $230,629.28 $0.00 $230,629.28 $230,629.28 $230,629.28 10‐100‐480020 NSP Rehab Sales $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 10‐100‐480025 HUD Program Income $0.00 $39,988.00 $0.00 $39,988.00 $39,988.00 $39,988.00 $5,170.00 $4,758,793.86 $0.00 $4,758,793.86 $4,753,623.86 $4,753,623.86 Charges for Services 10‐100‐440010 Admin Charge Backs $1,561,647.00 $1,561,647.00 $0.00 $1,561,647.00 $0.00 $0.00 10‐100‐440050 Emt Reimbursement $25,000.00 $25,000.00 $0.00 $25,000.00 $0.00 $0.00 10‐100‐440210 Street Cuts $30,000.00 $37,088.00 $527.07 $37,615.07 $7,615.07 $7,615.07 10‐100‐440910 Fuel Charge ‐ backs $11,000.00 $10,160.09 $1,070.45 $11,230.54 $230.54 $230.54 10‐100‐440920 Parts Charge backs $221,206.58 $213,907.10 ($435.98)$213,471.12 ($7,735.46)($7,735.46) 10‐100‐440930 Labor Charge backs $249,445.72 $219,540.48 ($380.62)$219,159.86 ($30,285.86)($30,285.86) 10‐100‐481020 Cole Cty Animal Rescue $115,034.90 $115,034.92 $0.00 $115,034.92 $0.02 $0.02 10‐100‐481030 Rent City Hall/Annex $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 10‐100‐481040 Rent Other $12,000.00 $13,000.00 $0.00 $13,000.00 $1,000.00 $1,000.00 10‐100‐481045 Rent‐tower Sites $165,000.00 $186,142.99 $1,988.32 $188,131.31 $23,131.31 $23,131.31 10‐100‐481065 Parking Spot Maintenance $25,000.00 $25,000.00 $0.00 $25,000.00 $0.00 $0.00 10‐100‐481075 Cole Cty 911 Reimb $399,676.18 $398,992.14 $0.00 $398,992.14 ($684.04)($684.04) 10‐100‐481080 Sale Of Maps/GIS Data $0.00 $75.00 $0.00 $75.00 $75.00 $75.00 10‐100‐481085 Cole Cty GIS Joint Coop $15,000.00 $17,652.50 $0.00 $17,652.50 $2,652.50 $2,652.50 10‐100‐481100 Sale Of Grave Sites $2,085.00 $2,919.00 $0.00 $2,919.00 $834.00 $834.00 10‐100‐481105 TIF Administration Fee $20,580.72 $20,530.00 $0.00 $20,530.00 ($50.72)($50.72) 10‐100‐481110 Long & Short $0.00 ($2.34)$0.00 ($2.34)($2.34)($2.34) $2,852,676.10 $2,846,686.88 $2,769.23 $2,849,456.11 ($3,219.99)($3,219.99) Fees, Licenses, & Permits 10‐100‐450010 Liquor Licenses $70,000.00 $78,463.33 $0.00 $78,463.33 $8,463.33 $8,463.33 10‐100‐450020 Business Licenses $220,000.00 $211,947.60 $0.00 $211,947.60 ($8,052.40)($8,052.40) 10‐100‐450021 Home Occupation Permit $1,800.00 $2,695.00 $0.00 $2,695.00 $895.00 $895.00 10‐100‐450040 Abandoned Bldg. Regist. $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 10‐100‐450041 Abandoned Bldg. Admin Fee $8,000.00 $8,255.00 $0.00 $8,255.00 $255.00 $255.00 10‐100‐450045 Building Construct. Fees $315,000.00 $370,029.92 $0.00 $370,029.92 $55,029.92 $55,029.92 10‐100‐450050 Electrical Certificates $22,000.00 $28,626.00 $0.00 $28,626.00 $6,626.00 $6,626.00 10‐100‐450060 Electrical Permits $4,400.00 $10,336.33 $0.00 $10,336.33 $5,936.33 $5,936.33 10‐100‐450070 Plumbing Licenses $12,400.00 $11,721.00 $0.00 $11,721.00 ($679.00)($679.00) 10‐100‐450080 Plumbing Permits $8,000.00 $32,641.63 $0.00 $32,641.63 $24,641.63 $24,641.63 FY2021 Revenue Model Report (Detail)Remaining For the Period Ending October 31, 2021 YTD Actual Estimated Revenues Actual & Estimated Projected Over/Verification  Description Budget As of 11/8/21 As of 11/8/21 TOTAL (Under) Budget of Formulas 10‐100‐450090 Other Lic & Permits $2,000.00 $2,362.00 ($491.69)$1,870.31 ($129.69)($129.69) 10‐100‐450091 Day Care Inspection Fees $6,400.00 $4,530.00 $0.00 $4,530.00 ($1,870.00)($1,870.00) 10‐100‐450092 Food Inspection Fees $86,000.00 $92,316.99 ($2,621.71)$89,695.28 $3,695.28 $3,695.28 10‐100‐450100 Curb Cut Permits $1,000.00 $1,755.00 $0.00 $1,755.00 $755.00 $755.00 10‐100‐450110 Board Of Adj Fees $1,000.00 $1,600.00 $0.00 $1,600.00 $600.00 $600.00 10‐100‐450120 Sign Permits $6,900.00 $7,429.00 $0.00 $7,429.00 $529.00 $529.00 10‐100‐450130 Demolition Permits $1,800.00 $4,126.00 $0.00 $4,126.00 $2,326.00 $2,326.00 10‐100‐450150 Acc Rep Fees‐police $9,000.00 $6,996.90 $41.10 $7,038.00 ($1,962.00)($1,962.00) 10‐100‐450160 Accrpt/blastg P‐fire $1,150.00 $1,618.14 $0.00 $1,618.14 $468.14 $468.14 10‐100‐450170 Animal Redemption Fees $98,000.00 $95,919.00 $0.00 $95,919.00 ($2,081.00)($2,081.00) 10‐100‐450180 Animal Vaccinations Fees $5,200.00 $4,545.00 $0.00 $4,545.00 ($655.00)($655.00) 10‐100‐450185 Animal Cremation Fees $50,000.00 $38,523.00 $4,385.81 $42,908.81 ($7,091.19)($7,091.19) 10‐100‐450186 Animal Boarding Fees $0.00 $1,420.00 $0.00 $1,420.00 $1,420.00 $1,420.00 10‐100‐450190 Taxi Permits $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 10‐100‐450230 Vacating Right Of Way $800.00 $272.00 $0.00 $272.00 ($528.00)($528.00) 10‐100‐450250 Rezoning Request $0.00 $200.00 $0.00 $200.00 $200.00 $200.00 10‐100‐450255 Planning & Zoning Review Fees $20,000.00 $15,821.00 $0.00 $15,821.00 ($4,179.00)($4,179.00) 10‐100‐450260 Non‐refundable Plans/spec $1,800.00 $1,455.00 $0.00 $1,455.00 ($345.00)($345.00) $952,650.00 $1,035,604.84 $1,313.52 $1,036,918.36 $84,268.36 $84,268.36 Fines & Forfeitures 10‐100‐460010 Court Cost $57,000.00 $39,784.84 $0.00 $39,784.84 ($17,215.16)($17,215.16) 10‐100‐460015 Court Restitutions $0.00 $215.00 $0.00 $215.00 $215.00 $215.00 10‐100‐460018 Inmate Security Fund $9,500.00 $6,613.42 $0.00 $6,613.42 ($2,886.58)($2,886.58) 10‐100‐460020 Jail Cost Recovery $1,100.00 $51.10 $0.00 $51.10 ($1,048.90)($1,048.90) 10‐100‐460025 Alcohol Offense Cost Rec $4,200.00 $6,452.81 $0.00 $6,452.81 $2,252.81 $2,252.81 10‐100‐460030 Pol Fines‐traffic $500,000.00 $398,619.43 $0.00 $398,619.43 ($101,380.57)($101,380.57) 10‐100‐460090 Parking Fines $40,000.00 $32,961.50 $0.00 $32,961.50 ($7,038.50)($7,038.50) 10‐100‐460100 Bankcard Charges ($3,900.00)($5,978.85)$0.00 ($5,978.85)($2,078.85)($2,078.85) $607,900.00 $478,719.25 $0.00 $478,719.25 ($129,180.75)($129,180.75) Contributions/Donations 10‐100‐480055 JC Fire Museum $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 10‐100‐480070 Community Projects Donations $17,307.43 $17,527.43 $0.00 $17,527.43 $220.00 $220.00 10‐100‐480080 Dare Donations $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 10‐100‐480090 Police K‐9 Donations $1,000.00 $1,000.00 $0.00 $1,000.00 $0.00 $0.00 10‐100‐480165 Animal S Donations $15,000.00 $26,193.11 $0.00 $26,193.11 $11,193.11 $11,193.11 10‐100‐481055 Street Repair‐Solid Waste Cntr $341,542.00 $283,636.64 $56,222.01 $339,858.65 ($1,683.35)($1,683.35) 10‐100‐481095 Cemetery Donations $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $374,849.43 $328,357.18 $56,222.01 $384,579.19 $9,729.76 $9,729.76 Other Operating Revenues 10‐100‐480010 Citizen Participation $0.00 $333.28 $0.00 $333.28 $333.28 $333.28 10‐100‐480011 Police Evidence Funds $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 10‐100‐481070 Miscellaneous $71,027.45 $43,747.78 $0.00 $43,747.78 ($27,279.67)($27,279.67) 10‐100‐481072 TIF Prof Svcs Deposit $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 10‐100‐481074 Revenue Share ‐ Purchasing Card $18,000.00 $14,491.04 $1,677.18 $16,168.22 ($1,831.78)($1,831.78) 10‐100‐481077 Insurance Claims $156,345.44 $306,574.44 $0.00 $306,574.44 $150,229.00 $150,229.00 10‐100‐481078 Cafeteria Refunds $10,000.00 $29,562.97 $0.00 $29,562.97 $19,562.97 $19,562.97 $255,372.89 $394,709.51 $1,677.18 $396,386.69 $141,013.80 $141,013.80 Interest Income 10‐100‐470010 Interest $120,000.00 $174,542.06 $6,928.93 $181,470.99 $61,470.99 $61,470.99 $120,000.00 $174,542.06 $6,928.93 $181,470.99 $61,470.99 $61,470.99 Other Non Operating Revenue 10‐100‐485050 Sale Of Assets $312,761.00 $364,302.13 $0.00 $364,302.13 $51,541.13 $51,541.13 10‐100‐486020 Capital Contribution‐Developer $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $312,761.00 $364,302.13 $0.00 $364,302.13 $51,541.13 $51,541.13 Operating Transfers In 10‐100‐490240 Trsfr From Lodging Tax $26,400.00 $23,863.09 $0.00 $23,863.09 ($2,536.91)($2,536.91) 10‐100‐490355 Transfer from CIT 'G' $1,599,595.00 $1,599,595.00 $0.00 $1,599,595.00 $0.00 $0.00 10‐100‐490630 Transfer from Self Funded Hlth Ins $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1,625,995.00 $1,623,458.09 $0.00 $1,623,458.09 ($2,536.91)($2,536.91) $34,001,970.18 $37,369,114.82 $1,937,099.35 $39,306,214.17 $5,304,243.99 $5,304,243.99