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HomeMy Public PortalAbout2022-01 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   J a n u a r y   1 4 ,   2 0 2 2 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 4 / 2 2 (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 2 , 7 7 8 , 4 3 2 . 0 1 $ 7 2 6 , 2 3 5 . 5 3 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 , 4 5 3 , 6 5 7 . 4 2 $ 9 7 , 6 5 7 . 4 2 Ot h e r   T a x e s $1 0 0 , 0 0 0 . 0 0 $ 9 4 , 8 0 4 . 6 2 ($ 5 , 1 9 5 . 3 8 ) 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 $ 6 , 2 7 1 , 1 3 9 . 9 3 ($ 5 5 3 , 8 6 0 . 0 7 ) Pr o p e r t y   T a x e s $5 , 5 6 1 , 3 9 9 . 2 8 $ 5 , 8 3 4 , 1 5 4 . 3 8 $ 2 7 2 , 7 5 5 . 1 0 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 3 7 , 4 9 2 . 8 8 ($ 1 5 , 1 8 3 . 2 2 ) 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 , 5 6 8 . 8 0 $ 8 2 , 9 1 8 . 8 0 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 8 6 , 2 6 5 . 1 6 $ 1 1 , 4 1 5 . 7 3 Ot h e r   O p e r a t i n g   R e v e n u e s $2 9 7 , 9 9 7 . 6 8 $ 4 3 6 , 0 7 6 . 1 1 $ 1 3 8 , 0 7 8 . 4 3 In t e r e s t   I n c o m e $1 2 0 , 0 0 0 . 0 0 $ 1 9 2 , 0 7 6 . 2 2 $ 7 2 , 0 7 6 . 2 2 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 4 4 , 5 9 4 . 9 7 $ 3 9 , 5 4 4 , 9 4 0 . 8 6 $ 5 , 5 0 0 , 3 4 5 . 8 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 1/14/22 As of 1/14/22 TOTAL (Under) Budget of Formulas Sales Tax and Use Tax 10‐100‐400010 Sales Tax $12,052,196.48 $12,745,914.68 $0.00 $12,745,914.68 $693,718.20 $693,718.20 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 $12,778,432.01 $0.00 $12,778,432.01 $726,235.53 $726,235.53 Intergovernmental Taxes 10‐100‐401030 Motor Vehicle Sales Tax $596,000.00 $681,873.36 $0.00 $681,873.36 $85,873.36 $85,873.36 10‐100‐403010 Gasoline Tax $1,170,000.00 $1,165,347.15 $0.00 $1,165,347.15 ($4,652.85)($4,652.85) 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 $2,453,657.42 $0.00 $2,453,657.42 $97,657.42 $97,657.42 Other Taxes 10‐100‐403020 Cig Tax $100,000.00 $94,804.62 $0.00 $94,804.62 ($5,195.38)($5,195.38) $100,000.00 $94,804.62 $0.00 $94,804.62 ($5,195.38)($5,195.38) Franchise & Utility Tax 10‐100‐410020 Electric Utility Lic Tax $4,000,000.00 $3,921,756.98 $0.00 $3,921,756.98 ($78,243.02)($78,243.02) 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 $814,254.60 $0.00 $814,254.60 ($85,745.40)($85,745.40) 10‐100‐410052 Telephone/Cell Utility $1,600,000.00 $1,242,044.72 $0.00 $1,242,044.72 ($357,955.28)($357,955.28) 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 $293,083.63 $0.00 $293,083.63 ($31,916.37)($31,916.37) $6,825,000.00 $6,271,139.93 $0.00 $6,271,139.93 ($553,860.07)($553,860.07) 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 $157,405.98 $0.00 $157,405.98 $110,405.98 $110,405.98 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 $35,404.88 $0.00 $35,404.88 $6,404.88 $6,404.88 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 $512,914.78 $0.00 $512,914.78 $42,914.78 $42,914.78 10‐100‐420080 Special Tax Rev $56,000.00 $77,192.00 $0.00 $77,192.00 $21,192.00 $21,192.00 $5,561,399.28 $5,834,154.38 $0.00 $5,834,154.38 $272,755.10 $272,755.10 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 $37,958.00 $0.00 $37,958.00 $7,958.00 $7,958.00 10‐100‐440910 Fuel Charge ‐ backs $11,000.00 $10,160.09 $0.00 $10,160.09 ($839.91)($839.91) 10‐100‐440920 Parts Charge backs $221,206.58 $213,907.10 $0.00 $213,907.10 ($7,299.48)($7,299.48) 10‐100‐440930 Labor Charge backs $249,445.72 $219,540.48 $0.00 $219,540.48 ($29,905.24)($29,905.24) 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 $1,000.00 $0.00 $1,000.00 ($11,000.00)($11,000.00) 10‐100‐481045 Rent‐tower Sites $165,000.00 $186,142.99 $0.00 $186,142.99 $21,142.99 $21,142.99 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 $1,933.66 $0.00 $1,933.66 $1,933.66 $1,933.66 $2,852,676.10 $2,837,492.88 $0.00 $2,837,492.88 ($15,183.22)($15,183.22) 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 $8,515.62 $0.00 $8,515.62 $515.62 $515.62 10‐100‐450045 Building Construct. Fees $315,000.00 $370,218.26 $0.00 $370,218.26 $55,218.26 $55,218.26 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 1/14/22 As of 1/14/22 TOTAL (Under) Budget of Formulas 10‐100‐450090 Other Lic & Permits $2,000.00 $1,687.00 $0.00 $1,687.00 ($313.00)($313.00) 10‐100‐450091 Day Care Inspection Fees $6,400.00 $4,640.00 $0.00 $4,640.00 ($1,760.00)($1,760.00) 10‐100‐450092 Food Inspection Fees $86,000.00 $90,274.99 $0.00 $90,274.99 $4,274.99 $4,274.99 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 $0.00 $6,996.90 ($2,003.10)($2,003.10) 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 $4,525.00 $0.00 $4,525.00 ($675.00)($675.00) 10‐100‐450185 Animal Cremation Fees $50,000.00 $40,865.00 $0.00 $40,865.00 ($9,135.00)($9,135.00) 10‐100‐450186 Animal Boarding Fees $0.00 $1,220.00 $0.00 $1,220.00 $1,220.00 $1,220.00 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 $1,035,568.80 $0.00 $1,035,568.80 $82,918.80 $82,918.80 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 $341,544.62 $0.00 $341,544.62 $2.62 $2.62 10‐100‐481095 Cemetery Donations $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $374,849.43 $386,265.16 $0.00 $386,265.16 $11,415.73 $11,415.73 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 $44,505.95 $0.00 $44,505.95 ($26,521.50)($26,521.50) 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 $15,689.51 $0.00 $15,689.51 ($2,310.49)($2,310.49) 10‐100‐481077 Insurance Claims $198,970.23 $345,984.40 $0.00 $345,984.40 $147,014.17 $147,014.17 10‐100‐481078 Cafeteria Refunds $10,000.00 $29,562.97 $0.00 $29,562.97 $19,562.97 $19,562.97 $297,997.68 $436,076.11 $0.00 $436,076.11 $138,078.43 $138,078.43 Interest Income 10‐100‐470010 Interest $120,000.00 $192,076.22 $0.00 $192,076.22 $72,076.22 $72,076.22 $120,000.00 $192,076.22 $0.00 $192,076.22 $72,076.22 $72,076.22 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) $34,044,594.97 $39,544,940.86 $0.00 $39,544,940.86 $5,500,345.89 $5,500,345.89