Laserfiche WebLink
2nd quarter - <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' t <br />a, nan w < <br />ac 297 n17 <br />vs. Actuals <br />'From July 1, 2014 to December 31, 2014 <br />FY 14-15 Proiected Year -End Results Total General Fund <br />Total Revenues $ 208,919,360 $ 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 FY15-16 <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 19 FEBRUARY 17, 2015 <br />