Transcript Jefferson City Revenue Forecast Staff Analysis Accuracy in Estimates Important to Make Best Use of Tax Payer Money Actual vs.

Jefferson City
Revenue Forecast
Staff Analysis
Accuracy in Estimates Important to
Make Best Use of Tax Payer Money
Actual vs. Budgeted Revenue
33,000,000
32,000,000
31,000,000
30,000,000
29,000,000
Under estimation of Revenue
has caused Fund Balance to grow.
28,000,000
27,000,000
26,000,000
FY-09
FY-10
Total Actual Revenue
FY-11
Total Budgeted Revenue
FY-12 Proj
FY-13 Proj
Reserve Funds Continue to
Grow
As A Percentage
In Absolute Dollars
Reserve Funds as % of Budget
Fund Balance (Reserves)
25%
$7,000,000
$6,000,000
20%
$5,000,000
15%
$4,000,000
$3,000,000
10%
$2,000,000
5%
$1,000,000
0%
$0
FY08
FY09
FY10
FY11
Unrestricted Fund Balance
FY12
FY06
FY07
FY08
FY09
Reserve
FY10
FY11
FY12
Forecast Sales Tax to be Up 5%
Sales Tax Actual
Sales Tax Actual
Moving Average
$10,400,000
$10,200,000
$10,000,000
$9,800,000
$9,600,000
$9,400,000
$9,200,000
$9,000,000
$8,800,000
$8,600,000
$8,400,000
$8,200,000
FY 2007
FY 2008
FY 2009
FY 2010
FY 2011
FY 2012
Projections
FY 2013 Projected
Conservatively Projecting No
Growth in Property Tax
Property Tax
$6,000,000
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$0
FY 2007
FY 2008
FY 2009
FY 2010
Property Tax Reciepts
FY 2011
FY 2012
Projections
FY 2013
Projected
State Employee Pay Raise
• Expected to pump $6 to $10 Million into local
economy
• Multiplier effect will easily make that an
economic impact of $18 million
• Sales tax impact would be an additional
$500,000 income, conservatively.
Actual Revenue Has Exceeded
Budgeted Amount for Last 10 Years
Budget vs. Actual Revenue
$35,000,000
$30,000,000
$25,000,000
$20,000,000
Budget
Actual
$15,000,000
$10,000,000
$5,000,000
$0
FY 2001 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012
City of Jefferson
Revenue - All Sources
$35,000,000
$30,000,000
Police Grants
$25,000,000
Operating Transfers In
Other Operating Revenues
Interest Income
$20,000,000
Fines & Forfeitures
Fees, Licenses & Permits
Charges for Services
$15,000,000
Intergovernmental
Property Taxes
Franchise & Utility Tax
$10,000,000
Other Taxes
Motor Vehicle Sales Tax
Sales Tax
$5,000,000
$0
FY 2007
FY 2008
FY 2009
FY 2010
FY 2011
FY 2012
Projections
FY 2013
Projected