Budget Review FY 20091
FY 2007
Prop tax-98.6% collected
Sales tax-$557,926 above budget
Fines/Forfeitures-51.9% collected compared to budget
FY 2008
Prop tax-99.4% collected
Sales tax-$825,745 above budget
Fines/Forfeitures-56.3% collected compared to budget
2
Permit fees FY 2007
129 new residential permits issued
Total square footage 658,685
Estimated value 70,274,686
18 new commercial permits issued
Total square footage 331,924
Estimated value 28,294,983
Permit fees FY 2008
106 new residential permits issued
Total square footage 596,958
Estimated value 65,752,983
17 new commercial permits issued
Total square footage 264,876
Estimated value 23,781,487
3
FY 2007
$15,831,021 (58.2% of budget)
FY 2008
$16,972,725 (57.3% of budget)
4
FY 2007
Total Revenue $9,908,579
54.6% collected compared to budget
Total Expenses $9,877,943
54.7% disbursed compared to budget
Anticipating ending the year with 70 days of working capital
FY 2008
Total Revenue $10,938,277
56.5% collected compared to budget
Total Expenses $10,270,966
54.7% disbursed compared to budget
Anticipating ending the year with 100 days of working capital
5
FY 2007
SPDC
Sales tax collections above budget by $79,684
Crime Control
Sales tax collections above budget by $28,988
TIF
Property tax collections on target
Strategic Initiative Fund
Expenditures $1,213,635 for sidewalks, software conversion and fire
ladder truck
FY 2008
SPDCSPDC
Sales tax collections above budget by $178,682Sales tax collections above budget by $178,682
Crime ControlCrime Control
Sales tax collections above budget by $59,230Sales tax collections above budget by $59,230
TIFTIF
Property tax collections on targetProperty tax collections on target
Strategic Initiative FundStrategic Initiative Fund
6
Expenditures $1,300,181 software conversion and fire ladder truckExpenditures $1,300,181 software conversion and fire ladder truck
7