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Total Revenues' $ 67,968,279 $ 70,390,642
<br />Total Expenditures* $ 103,370,062 $ 101,078,470
<br />2nd quarter - 2014 -15 GF Major Revenues F
<br />ns vs. Actuals
<br />*From July 1, 2014 to December 31, 2014
<br />FY 14 -15 Protected Year -End Results Total General Fund
<br />Total Revenues $ 208,918,360 $ 215,691,000
<br />Total Expenditures $ 208,918,360 $ 204,684,000
<br />Projected Year -End Results: $10M - $12M
<br />Fiscal Year 2015 -16 Forecast and 4 -year Projections February 2015
<br />Major Assumptions:
<br />• Higher than forecasted revenues (Forecast: $201.8M vs Actual:
<br />$211.5M) and lower expenditures (Forecast: $200.9M vs Actual:
<br />$197.7M) in FY 13 -14.
<br />• Includes $6M in additional service levels such as the Strategic Plan,
<br />Civic Center Maintenance, additional inspection, permit, plan Check
<br />staff
<br />• Increased new Jail revenue (Bureau of Prisons) in FY 14 -15 by $200K.
<br />• Increased new Building Permit revenue in FY 14 -15 by $1.2M
<br />• Sales Tax Revenue growth of 4% in FY 15 -16.
<br />• Increased new UUT revenue in FY 15 -16 and to increase in FY 16 -17
<br />by $2.7M.
<br />• New measure BB forecasted revenue /costs in FY 15 -16 of $1.5M.
<br />• Includes $1 M in matching funds associated with the COPS Grant for
<br />10 Police Officers in FYI 5-16
<br />• 1.0% ongoing innovation and efficiency savings ($2.1M annually)
<br />• Includes funding to implement the 5 -year Strategic Plan ($3M annually
<br />2014/15 - 2018/19
<br />CITY COUNCIL MINUTES 1 0A- 1 9 FEBRUARY 17, 2015
<br />Property Tax*
<br />$ 14,908,195 $
<br />16,108,583
<br />UUT*
<br />10,251,432
<br />11,658,103
<br />Sales Tax*
<br />11,404,170
<br />11,252,814
<br />Hotel Visitors Tax*
<br />3,402,742
<br />3,774,813
<br />Business License*
<br />2,310,695
<br />2,418,032
<br />Property Tax In -Lieu of VLF*
<br />203,498
<br />150,097
<br />TOTAL*
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<br />ns vs. Actuals
<br />*From July 1, 2014 to December 31, 2014
<br />FY 14 -15 Protected Year -End Results Total General Fund
<br />Total Revenues $ 208,918,360 $ 215,691,000
<br />Total Expenditures $ 208,918,360 $ 204,684,000
<br />Projected Year -End Results: $10M - $12M
<br />Fiscal Year 2015 -16 Forecast and 4 -year Projections February 2015
<br />Major Assumptions:
<br />• Higher than forecasted revenues (Forecast: $201.8M vs Actual:
<br />$211.5M) and lower expenditures (Forecast: $200.9M vs Actual:
<br />$197.7M) in FY 13 -14.
<br />• Includes $6M in additional service levels such as the Strategic Plan,
<br />Civic Center Maintenance, additional inspection, permit, plan Check
<br />staff
<br />• Increased new Jail revenue (Bureau of Prisons) in FY 14 -15 by $200K.
<br />• Increased new Building Permit revenue in FY 14 -15 by $1.2M
<br />• Sales Tax Revenue growth of 4% in FY 15 -16.
<br />• Increased new UUT revenue in FY 15 -16 and to increase in FY 16 -17
<br />by $2.7M.
<br />• New measure BB forecasted revenue /costs in FY 15 -16 of $1.5M.
<br />• Includes $1 M in matching funds associated with the COPS Grant for
<br />10 Police Officers in FYI 5-16
<br />• 1.0% ongoing innovation and efficiency savings ($2.1M annually)
<br />• Includes funding to implement the 5 -year Strategic Plan ($3M annually
<br />2014/15 - 2018/19
<br />CITY COUNCIL MINUTES 1 0A- 1 9 FEBRUARY 17, 2015
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