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HomeMy WebLinkAbout10/15/2013 Council Presenation-Financial Updates. - MARANA �/t\ f .. „ ; .: � �r ����'' �„ FY2013 General Fund Financial U date - p Preliminary Results � E �f � # :,'� i �'�,��� � r: . � ,, � `� :;� Erik Montague, CPA Finance Director October 15, 2013 ■ Preliminary General Fund results ■ Big three revenues - Transaction Privilege (Sales) Taxes - State Shared Revenues - Licenses, Permits & Fees ■ Overall status through June 2013 ■ 2013 budget � �. .. ■ Represents >60�0 of budgeted revenue . . Retail 46.8�o YoY Hotel 419.2�o YoY Restaurants 42.7�o YoY _ __ __ _ . : , �. ._ .. Percent Current Current Category Month Current YfD gud et of g Budget Mining $680.00 $18,105.49 $12,500 144.8% Contracting 210,354.59 1,972,629.39 2,419,700 81.5% Transportation, Communications, 231,859.08 3,038,070.68 3,204,668 94.8% W holesale Trade 19,533.57 296,076.53 282,286 104.9% Retail Trade 779,559.21 9,380,544.15 8,799,832 106.6% Restaurant & Bars 158,516.36 1,819,587.76 1,654,712 110.0% Fire, Insurance 8� Real Estate 116,840.00 1,234,426.07 1,060,315 116.4% Hotels & Other Lodging 96,440.44 1,216,720.82 776,848 156.6% Serv ices 87,856.94 1,003,376.71 940,715 106.7% Manufacturing 10,741.11 127,213.69 160,403 79.3% A l l O th e rs 33,070.09 195, 944.98 173, 791 112. 7% Tax Audit 66,499.70 149,756.69 350,000 42.8% Total Revenue $1,811,951.09 $20,452,452.96 $19,835,770 103.1% � �� _ _ _ �-, _ ._- _ --- � -- � _ .,- -- - 1,600,000 1,400,000 1,200,000 1, 000,000 800,000 600,000 400,000 200,000 0 Jul-06 Dec-06 May-07 Oct-07 Mar-08 Aug-08 Jan-09 Jun-09 Nov-09 Apr-10 Sep-10 Feb-1 1 Jul-1 1 Dec-1 1 May-12 Oct-12 Mar-13 Construction Restaurant 8� Bars Transportation, Communications, Utilities �-�-��Retail Trade Fire, Insurance & Real Estate Hotels & Other Lodging 4 ■ Represents >20% of budgeted revenue ■ Overall - within expectations ■ Highway User Revenue Fund ■ $2,256,920 or 97.8% Percent Current Current Category Month Current YfD gud et of g Budget State Shared Sales Tax $249,144.40 $2,861,622.31 $2,923,447 97.9% Urban Revenue Sharing 297,599.25 3,571,191.00 3,570,867 100.0% Auto Lieu Tax 105,641.52 1,280,710.88 1,327,277 96.5% Total Revenue $652,385.17 $7,713,524.19 $7,821,591 98.6% 5 _ : __ �-=�= _� Category ■ Represents 10� of budgeted revenue ■ Single Family Residential Permits ■ Actual - 692 2,000 1, 600 1, 200 800 400 0 SFR new permit SFR existing permit Commercial new permit Commercial existing permit Grading permit Utility permits Pool permit Sign permit Patio wall permit ROW permit Floodplain permit Misc. permit Franchise fees Business licenses Liquor licenses Aggregate mining fee Bank protection fee Total Revenue Single Family Residence Building Permits �„ v � Bv Fiscal Year � 744 692 __, 353 _ }g8 342 295 425 � _ ..� � � 2005 2006 2007 2008 2009 2010 2011 2012 2013 �:... � ... .: . .. ...: . > ,. Current Current Month Current YiD gudget $232,531.67 $2,773,505.60 $1,155,000 1,241.44 13,339.63 25,000 96 324,051.96 250,000 9, 450.81 72, 501.16 1 15, 000 9,041.43 105,814.40 40,000 4,075.30 37,334.57 1,500 6,023.19 71,849.03 35,000 1,986.87 20,797.73 20,000 1,409.15 20,969.08 12,500 15,744.28 78,558.59 22,250 218 2,958.00 500 8,257.31 162,952.70 80,000 88,361.99 348,650.16 325,000 27, 580.00 165, 407.00 135, 000 150 1,975.00 5,000 6,114.22 51,019.68 125,000 - - 500 $412,281.66 $4,251,684.29 $2,347,250 rCl C.CI II of B udge t 240.1 % 53.4% 129. b% 63.0% 264.5% 2489.0% 205.3% 104.0% 167.8% 353.1 % 591. b% 203J% 107.3% 122.5% 39.5% 40.8% 0.0% 181.1% � Revenues Sales tax revenues Intergovernmental revenue Licenses, fees 8� permits Charges for services Fines and forfeiture Grants and contributions Investment income Miscellaneous revenues Other financing sources Total Revenue Expenditures Personnel 8� benefits Contracted services Operating supplies 8� equip Capital outlay Transfers out Total Expenditures Current Percent Month Year to Date FY2013 Budget of Budget $1,811,951.09 $20,452,452.96 $19,835,770 103.1% 658,058.95 7,719,197.97 7,821,591 98.7% 412,281.66 4,251,684.29 2,347,250 181.1% 60,821.97 434,880.17 381,100 114.1 % 54,911.60 672,560.59 570,000 118.0% 50, 706.51 120, 356.51 102, 750 117.1 % 3,032.05 203,985.72 100,000 204.0% 451,748.54 468,477.79 562,070 83.3% - - 750,000 0.0% 3,503,512.37 34,323,596.00 32,470,531 106.3� 2,382,466.57 571,273.86 479,417.96 420,229.57 1, 757, 7 $5, 611,137.46 20,871,415.03 3, 747,117.20 2,272,145.06 2,093,654.47 2,745,042.69 $31,729,374.45 20,992,657 4,173,711 3, 674, 004 2,290,900 2,839,259 $33,970,531 99.4% 89.8% 61.8� 91.4� 124.0� 93.4% Net Revenues Over/(Under) Expenditures ($2,107,625.09) $2,594,221.55 ($1,500,000.00) -172.9% Note - Numbers are preliminary, unaudited and subject to change based upon closing entries and audit adjustments. �