TOTAL GENERAL FUND REVENUES

Transcription

1 General Fund Revenues Budget Actual Actual Budget Actual Actual FY FY GENERAL PROPERTY TAXES: NON-CATEGORICAL AID: Current Real Estate Taxes 10,400,000 5,266,915 5,148,648 Rolling Stock/Rental Car Taxes 42,000 24,026 23,414 Delinquent Real Property Taxes 140,000 96,230 62,133 Grantor's Taxes (Tax On Deeds) 57,000 40,056 16,038 Public Service Corp - RE & PP Taxes 308, , ,406 Total Non-Categorical Aid 99,000 64,082 39,452 Current Personal Property Taxes 1,480,000 1,245,511 1,247,410 Delinquent Personal Property Taxes 35,000 24,886 25,776 SHARED COSTS-CATEGORICAL: Current Business Property Taxes 1,315,000 1,224,706 1,279,954 Comm. Atty / Sheriff / Med. Examiner 1,600 1, Delinquent Business Property Taxes 30,000 1,403 5,471 Commissioner of Revenue 74,000 31,334 30,597 Penalties and Interest 113,200 52,191 46,740 Treasurer 18,500 6,961 6,795 Total General Property Taxes 13,821,900 8,224,816 8,123,538 Registrar 36, Total Shared Costs 130,100 39,663 37,529 LOCAL TAXES: Virginia Power/VNG 307, , ,381 EDUCATION: Communication Taxes 705, , ,907 State Sales Tax 1,142, , ,912 Business Licenses Taxes 1,780,000 33,697 35,590 Franchise License Taxes 116,000 30,181 35,424 OTHER CATEGORICAL AID: Bank Stock Taxes 320, Funds 385, , ,666 Recordation Taxes 200, , ,922 Emergency Services Grants 25, ,000 Cigarette Taxes 150,000 89,734 65,088 Public Safety Grants 1,640 6,760 0 Room Taxes 3,300,000 1,630,020 1,950,790 Miscellaneous State Grant 0 0 $2 Lodging Taxes 1,130, , ,510 Streets & Sidewalks 1,810, , ,153 Meal Taxes 6,995,000 3,062,511 3,800,223 Fire Programs Total Other Local Taxes 15,003,000 5,933,523 6,876,835 Total Other Categorical Aid 2,221,973 1,099,160 1,101,819 PERMITS AND LICENSES: 195, , ,263 NON-REVENUE RECEIPTS: Overtime-Police & Fire 105,000 41,446 34,545 FINES AND FORFEITURES: 195,200 93,301 90,718 WHF Grant 260, , ,000 Arts Commission 75,000 70,000 75,000 USE OF MONEY AND PROPERTY: Enterprise Fund - Overhead Charges 650, , ,000 Rents 715, , ,596 Total Non-Revenue Receipts 1,090, , ,545 Sale of Materials & Supplies 10, ,602 Total Use of Money and Property 725, , ,198 Subtotal General Fund Revenue 35,988,922 17,651,584 18,622,028 Transfer From (To) Surplus 0 720,745 (485,039) FEES AND CHARGES: TOTAL GENERAL FUND REVENUES 35,988,922 18,372,329 18,136,989 Parks & Recreation 365, , ,489 Planning & Community Development 45,600 26,936 24,445 Payments In Lieu of Taxes 123, EMS Recovery Fees 631, , ,760 Emergency Services Contribution (W & M) 120, , ,000 Other 79,386 58,345 44,525 Total Fees and Charges 1,363, , ,219 FIN - 1

2 General Fund Expenditures Budget Actual Actual Budget Actual Actual FY FY LEGISLATIVE: PUBLIC WORKS: Mayor and City Council 155,248 93, ,653 Engineering 284, , ,126 Clerk of Council 206,212 65,909 57,347 Street Department 910, , ,024 Total Legislative 361, , ,000 Stormwater Operations 213, ,424 99,941 Refuse Collection 486, , ,317 GENERAL & FINANCIAL ADMINISTRATION: Facilities Maintenance 477, , ,479 City Manager 539, , ,080 Landscaping 603, , ,950 Non-departmental - Contingency 370,480 81, ,964 Total Public Works 2,976,317 1,525,994 1,479,837 Economic Development 283, , ,760 Legal-City Attorney 292, , ,791 HEALTH & HUMAN SERVICES: Human Resources 112,858 49,612 55,489 Health Agencies 193, , ,783 Triangle Management 42,000 28,242 20,711 Colonial Behavioral Health 255, , ,500 Commissioner of Revenue 213, , ,113 Public Assistance 1,088, , ,389 City Assessor 191,534 99,508 94,163 Total Health & Human Services 1,536, , ,672 Treasurer 68,008 37,295 33,854 Finance 843, , ,777 EDUCATION: 9,222,757 4,547,313 4,546,721 Information Technology 803, , ,250 City Shop 261,949 97, ,820 PARKS AND RECREATION: Total General & Financial Admistration 4,022,086 1,936,881 1,969,772 Administration 358, , ,419 Supervision of Parks 265, , ,868 BOARD OF ELECTIONS: Programs 653, , ,999 Electoral Board and Officials 24,133 13,572 12,514 Cemetery 71,759 34,853 35,221 Registrar 155,446 74,084 70,722 Total Parks and Recreation 1,350, , ,507 Total Board of Elections 179,579 87,656 83,236 CULTURAL: ADMINISTRATION OF JUSTICE: Williamsburg Regional Library 860, , ,230 Joint Activities - Courthouse 450, , ,169 COMMUNITY DEVELOPMENT: PUBLIC SAFETY: Planning 447, , ,865 Police 4,596,661 2,282,443 2,212,787 Contributions - WADMC 1,130, , ,708 Prince George Parking Garage 133,601 70,242 64,336 Contributions - Other Tourism Promotion 2,100,000 1,700,000 1,700,000 Fire 4,027,089 1,911,115 1,803,665 Contributions To Other Entities 816, , ,949 Regional Jail 1,151, , ,351 Total Community Development 4,494,521 3,074,911 3,045,522 Juv Det/Group Home Com/Colonial Com Cor 170,607 79,095 48,834 Codes Compliance 436, , ,625 TOTAL GENERAL FUND EXPENDITURES 35,988,922 18,372,329 18,136,989 Animal Control 18, ,725 Total Public Safety 10,534,536 5,296,578 5,146,323 FIN - 2

3 Sales Tax Fund Budgeted Actual Actual Revenue Collected Collected REVENUES: FY Local 1% Taxes 4,400,000 1,591,405 2,076,683 Interest Income 150, ,612 71,549 Stormwater Management 13,200 Courthouse Maintenance Transfer 40, Bond Proceeds 0 200,000 0 Grants - State 5,625, , ,665 Grants - Federal 527,664 55,936 0 Grants - Local 302,236 10,569 0 Transfer from EDA 75, Transfer from Utility Fund 500, ,000 0 Transfer from Fund Balance 13,164, TOTAL REVENUES 24,785,093 2,665,984 2,677,097 Prior Original Budget Total Actual Year's Budget Adjustments Adjusted Expended EXPENDITURES: *Carryover FY 2018 FY2018 Budget Public Works: Monticello Avenue Redesign 60, ,129,000 4,189,863 22,300 Ironbound/Longhill Intersection 1,448,299 2,000, ,448, ,331 Capitol Landing Road Intersection 0 5,774,300 (2,887,000) 2,887,300 0 Annual Street Resurfacing Program 150,000 1,000,000 (150,000) 1,000, Stormwater Management Improvements 80,000 60,000 (30,000) 110,000 12,500 Bicycle Facility Improvements 1,333, ,333,860 81,660 Bridge Inspections 83,754 95, ,754 90,464 Sidewalk Construction 15, ,230 12,611 Underground Wiring 1,873,782 0 (612,000) 1,261,782 0 Public Safety: E-911 Regional Center 0 45, ,000 45,000 Fire Station Improvements 0 750, ,000 3,619 Fire - 4 For Life Equipment 0 132, , ,755 Fire - ATL Equipment 0 285,000 (240,000) 45,000 19,127 Police Equipment 0 51, ,315 44,861 PGPG Equipment Replacement 160, ,000 0 Respiratory Protection , ,000 9,613 Police Station Needs Study 0 350, ,000 0 Fire/EMS Equipment ,570 10,570 10,568 Recreation & Open Space: Quarterpath Park Improvements 254, ,809 9,327 Kiwanis Park Improvements 236, , ,250 0 Waller Mill Park Improvements 19, , ,951 0 General Government: Municipal Building Renovations 0 20, ,000 0 Facility Painting 0 52, ,000 41,978 Library Renovations 21, , ,334 0 IT - PC Replacement Program 0 30, ,000 27,273 IT - ERP System 111, , ,364 62,146 IT - Phone System Gateways 0 150, ,000 47,045 Vehicles & Equipment 289, , ,140, ,406 Debt Service 0 1,211, ,211, ,701 Bond Issuance Cost ,535 Purchase of Property 300,000 0 (300,000) 0 0 Capital Contingency 198, ,000 (150,000) 248,522 7,540 Northeast Triangle Redevelopment & Design Plan 150, ,000 0 Downtown Vibrancy & Design Plan 28, ,039 9,920 Downtown & Arts District Way-Finding Signs 25, ,000 16,476 Bike Share Program Study 30, ,000 0 Public Art Consultant & Grant Writing 15, ,800 0 Comprehensive Plan Update 0 40, ,000 0 Economic Development Strategic Plan Update 0 75, ,000 0 City Housing Renovation 0 40, ,000 0 Parks, Recreation, & Cultural Master Plan 76, ,200 0 Courthouse Maintenance-Special Projects 0 40, ,000 0 Capital Contribution - W-JCC Schools 3,401, ,645 61,028 3,750, ,781 TOTAL EXPENDITURES 10,364,044 14,349,451 71,598 24,785,093 2,975,837 *Prior year's carryover represents amounts unspent at 6/30/17. FIN - 3

4 Utility Fund WATER & SEWER - OPERATIONS Budgeted Actual Actual REVENUES: FY Water Service 4,623,000 1,788,021 1,715,926 Sewer Service 1,850, , ,191 Water Connections 2, ,400 HRSD Tap Fees 80,000 34,110 20,845 Sewer Connections 1,000 2,400 2,400 Penalties-Late Payments 18,000 10,397 14,254 Other Sources 10,000 1,480 1,199 Water Tower Usage 169, , ,614 Interest Earnings 29,000 23,802 16,536 Availability Fees 300, , ,000 XFER - Retained Earnings For Operations (291,174) 0 0 Total Revenues 6,792,220 3,228,995 2,869,365 EXPENSES: Administration 1,955, , ,832 Water Treatment 1,396, , ,792 Water System 658, , ,612 Sewage System 2,502, , ,441 Debt Service 179,698 89,850 96,183 Newport News Supplemental Water 100, Total Expenses 6,792,220 2,443,800 2,317,860 Excess of Operating Revenues over Expenses 0 785, ,505 WATER & SEWER - CAPITAL PROJECTS Prior Year Budgeted Total Adjusted Actual Expended *Carryover FY 2018 Budget Water Line Improvements 500, , ,000 Water Treatment Improvements 50,000 50,000 14,299 Waller Mill Dam Improvements 65,000 65,000 0 Vehicles 265, ,000 0 Sewer System Rehab-SSO 100, ,000 9,020 Water/Sewer System Contingency 75,000 75,000 45,805 Water Tank Roof Replacement 294, , ,676 Pump Station - Reliability Upgrade 45,000 45,000 31,106 Watershed Protection/Water Quality 75,000 75,000 0 Total Expenses 294,474 1,175,000 1,469, ,906 *Prior year's carryover represents amounts unspent at 6/30/17. FIN - 4

5 Room, Meal, and 1% Tax Receipts ROOM TAXES*: MEAL TAXES*: OF ACTIVITY FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 % Change Over FY 2017 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 % Change Over FY 2017 JUNE 380, , , , , % 602, , , , , % JULY 382, , , , , % 621, , , , , % AUG 352, , , , , % 620, , , , , % SEPT 220, , , , , % 510, , , , , % OCT 302, , , , , % 568, , , , , % NOV 225, , , , , % 517, , , , , % DEC 293, , , , , , , ,626 JAN 82,862 95,712 76,482 77, , , , ,960 FEB 104, , , , , , , ,544 MARCH 180, , , , , , , ,640 APRIL 314, , , , , , , ,285 MAY 319, , , , , , , ,829 TOTAL 3,160,775 3,196,435 3,339,560 3,343,163 1,955, % 6,435,859 6,774,380 7,029,477 7,044,586 3,686, % * For Year/Month comparability, Room & Meal Tax receipts are shown for the month of the activity, not the month received. SUBMITTED TO CITY * 1% SALES TAX REVENUES OF ACTIVITY FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 % Change Over FY year Trend 3 year Trend JULY MAY 323, , , , , , , , , % % % AUG JUNE 378, , , , , , , , , % 3.09% -4.08% SEPT JULY 355, , , , , , , , , % 3.75% 11.01% OCT AUG 356, , , , , , , , , % 1.84% 9.56% NOV SEPT 310, , , , , , , , , % 6.35% 13.65% DEC OCT 358, , , , , , , , , % % % JAN NOV 307, , , , , , , ,128 FEB DEC 399, , , , , , , ,171 MARCH JAN 225, , , , , , , ,086 APRIL FEB 206, , , , , , , ,095 MAY MARCH 322, , , , , , , ,261 JUNE APRIL 348, , , , , , , ,956 TOTAL 3,893,404 3,967,494 4,106,059 4,143,481 4,221,954 4,367,328 4,307,487 4,464,105 2,289, % -3.84% -1.68% * Represents cash collections during these months which is 2 months later than the actual sales. Sales tax [6% in Hampton Roads as of July,1 2013] is collected by local businesses, submitted to the State Department of Taxation, with 1% returned to the City. FIN - 5

6 ANALYSIS OF ROOM, $2 LODGING, AND MEAL TAXES TOTAL ROOM SALES: OF ACTIVITY FY 2014 FY 2015 over prior yr FY 2016 over prior yr FY 2017 over prior yr FY 2018 over prior yr 2 year Trend 3 year Trend JUNE 7,613,780 6,757, % 7,235, % 6,887, % 7,123, % -1.55% 5.41% JULY 7,650,500 7,239, % 8,437, % 8,268, % 8,089, % -4.12% 11.74% AUG 7,057,060 7,518, % 7,614, % 7,431, % 7,175, % -5.77% -4.57% SEPT 4,419,800 4,649, % 4,904, % 5,279, % 5,247, % 7.00% 12.86% OCT 6,056,760 6,249, % 6,315, % 6,666, % 6,438, % 1.95% 3.03% NOV 4,508,520 4,431, % 4,722, % 4,895, % 5,042, % 6.78% 13.79% DEC 5,879,020 5,537, % 6,241, % 6,343, % JAN 1,657,240 1,914, % 1,529, % 1,553, % FEB 2,084,300 2,242, % 2,433, % 2,141, % MARCH 3,610,140 4,070, % 5,053, % 4,381, % APRIL 6,285,400 6,531, % 6,124, % 6,736, % MAY 6,392,980 6,784, % 6,178, % 6,277, % TOTAL 63,215,500 63,928, % 66,791, % 66,863, % 39,117, % -0.29% 6.16% TOTAL $2 LODGING TAX RECEIPTS: OF ACTIVITY FY 2014 FY 2015 over prior yr FY 2016 over prior yr FY 2017 over prior yr FY 2018 over prior yr 2 year Trend 3 year Trend JUNE 128, , % 119, % 118, % 117, % -1.95% 1.70% JULY 137, , % 135, % 134, % 130, % -3.55% 2.79% AUG 127, , % 125, % 128, % 120, % -3.86% -6.51% SEPT 82,508 80, % 86, % 92, % 89, % 2.73% 9.95% OCT 108, , % 105, % 108, % 101, % -3.17% -2.10% NOV 79,290 77, % 79, % 83, % 81, % 2.63% 5.32% DEC 93,208 87, % 91, % 96, % JAN 42,152 44, % 38, % 36, % FEB 47,200 50, % 54, % 47, % MARCH 79,748 84, % 94, % 89, % APRIL 107, , % 99, % 107, % MAY 105, , % 102, % 100, % TOTAL 1,139,218 1,118, % 1,132, % 1,144, % 640, % -1.67% 1.12% TOTAL MEAL SALES: OF ACTIVITY FY 2014 FY 2015 over prior yr FY 2016 over prior yr FY 2017 over prior yr FY 2018 over prior yr 2 year Trend 3 year Trend JUNE 12,053,020 12,204, % 12,767, % 12,798, % 12,649, % -0.92% 3.65% JULY 12,426,260 12,881, % 13,946, % 13,621, % 13,304, % -4.60% 3.28% AUG 12,412,700 13,218, % 13,481, % 13,447, % 12,534, % -7.03% -5.18% SEPT 10,204,520 10,979, % 11,483, % 11,388, % 11,619, % 1.19% 5.83% OCT 11,375,760 12,466, % 12,663, % 13,143, % 12,693, % 0.24% 1.82% NOV 10,353,760 10,547, % 10,833, % 11,534, % 10,931, % 0.90% 3.64% DEC 12,177,960 12,561, % 13,805, % 14,112, % JAN 6,516,160 7,409, % 6,788, % 6,519, % FEB 7,367,440 7,285, % 8,145, % 8,030, % MARCH 9,379,080 10,070, % 11,762, % 10,632, % APRIL 12,487,000 12,990, % 12,557, % 13,445, % MAY 11,963,520 12,872, % 12,354, % 12,216, % TOTAL 128,717, ,487, % 140,589, % 140,891, % 73,733, % -1.92% 1.98% FIN - 5A

7 Status of Funds CASH & INVESTMENTS: CASH EQUIVALENTS: INVESTMENTS: COMPARISON COMPARISON COMBINED LOCAL GOV'T CERTIFICATES INSURED TOTAL CHECKING INVESTMENT OF CASH CASH BOND 3 S 12 S FUND (interest-bearing) POOL** DEPOSIT SWEEP **** EQUIV. PROCEEDS TOTAL AGO AGO GENERAL FUND $6,275,178 $4,627,980 $0 $14,657,464 $25,560,622 $0 $25,560,622 $21,938,459 $26,245,956 SALES TAX FUND $1,533,878 $99,568 $0 $0 $1,633,446 $0 $1,633,446 $1,369,755 $1,243,096 ENTERPRISE FUND $2,408,669 $3,855,644 $0 $0 $6,264,313 $0 $6,264,313 $5,797,033 $6,424,575 WATER DEPOSIT FUND $48,795 $15,000 $0 $0 $63,795 $0 $63,795 $60,040 $59,519 COURTHOUSE MTCE FUND $0 $27,300 $0 $0 $27,300 $0 $27,300 $20,948 $11,032 TOTAL $10,266,520 $8,625,492 $0 $14,657,464 $33,549,476 $0 $33,549,476 $29,186,235 $33,984,178 INVESTMENT DEC. 31, 2017 SEPT 30, 2017 DEC. 31, 2016 POLICY ACTUAL ACTUAL ACTUAL % OF PORTFOLIO MATURING WITHIN 30 DAYS (MIN.) 10.00% % % % LONG-TERM DEBT: % OF PORTFOLIO MATURING WITHIN 12 S (MIN.) 50.00% % % % % OF PORTFOLIO MATURING BETWEEN 12 AND 36 S (MAX.) 50.00% 0.00% 0.00% 0.00% TOTAL 100% 100% 100% ISSUE PRINCIPAL BOND RATINGS: PURPOSE ISSUE DATE AMOUNT BALANCE: Moody's S & P TERMS: all interest paid semi-annually, principal paid annually GO Refunding Bonds 2010 October, 2010 $10,635,000 $202,712 Aa1 AAA 17 years, 2.75%, scheduled pay-off June 2020* GO Refunding Bonds 2012 June, 2012 $5,180,000 $2,060,000 Aa1 AAA 8 years, 2.40%, scheduled pay-off June 2020 GO Public Imp. & Refunding Bonds December, 2017 $19,630,000 $19,630,000 Aa1 AAA 20 years, 2.736%, scheduled pay-off July, 2037 Total $35,445,000 $21,892,712 *Represents remaining principal balance of 2010 refunding bonds that were not refinanced in December, ** State's LGIP interest rate at end of month =1.42% - compared to.77% in Dec, 2016 **** ICS account, fully insured by FDIC, current earnings rate = 1.34% FIN - 6