2016 Preliminary Budget General Fund Revenue Report OCTOBER 20, 2015.

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Presentation transcript:

2016 Preliminary Budget General Fund Revenue Report OCTOBER 20, 2015

2016 PRELIMINARY REVENUE REPORT GENERAL FUND Revenue Components Fund Balance Beginning = $1,117,510 $740k Reserved, $377k Unreserved Projected to be UP by $152k from end 2014 Taxes Property tax increase 1% (versus CPI 1.6%) Sales Tax = No Growth ($665k) Business taxes flat – phone down $25k

2016 PRELIMINARY REVENUE REPORT GENERAL FUND (cont) Licenses & Permits - ↓ $40k net from 2015 Building Permits ↓ $50k from 2015 budget based on 33 new building permits proposed next year (lots of interest but few actual projects Intergovernmental – ↓ $98k compared to 2015 due to one-time grant funding in 2015 (DOC Planning grant $120k) Charges for goods & services – ↑ $19k

2016 PRELIMINARY REVENUE REPORT GENERAL FUND (cont) Fines & Penalties – Court Revenue ↓ $30k from 2015 budget Miscellaneous Revenue – ↑ $4k from 2015 “Operating Revenue” for the General Fund is budgeted ↓ by $197,519 or 4.5% from 2015 Revised Budget

2016 PRELIMINARY REVENUE REPORT

2016 REVENUE SUMMARY Taxes - flat even with 1% property tax increase Licenses & Permits are ↓ $40k Intergovernmental are ↓ due to one-time $98k Charges for Services are ↑ $19k Fines & Penalties ↓ $30k Miscellaneous & interfund transfers are ↓ $52k

Thank you