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Financial Update

Financial Update. January 2011. Total General Fund Revenues. Total Revenues in FY11 are running about $2.2M higher than budgeted Updated FY12 Revenues are now $3.0M more than planned. General Property Taxes. Increases in: Real Estate growth Personal Property values Machinery & Tools

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Financial Update

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  1. Financial Update January 2011

  2. Total General Fund Revenues • Total Revenues in FY11 are running about $2.2M higher than budgeted • Updated FY12 Revenues are now $3.0M more than planned

  3. General Property Taxes • Increases in: • Real Estate growth • Personal Property values • Machinery & Tools • Public Service

  4. New Construction Building Permits IssuedJuly-Dec

  5. New Construction Building Permit ValuesJuly-Dec (in millions)

  6. Building Permit RevenueJuly-Dec (in millions)

  7. Building Related Revenues(in millions)

  8. Licenses, Permits and Fees • Building Permits increased • BPOL level with current year (down from plan)

  9. Other Local TaxesJuly-November (in millions)

  10. Local Taxes • Sales Tax projection lowered • Meals and Lodging flat • Bank Franchise Fee increased

  11. State Revenues • State Sales Tax for Education increased • $900,000 for FY11 • $1.2M over FY12 Plan amount

  12. Charges for Current Services • Recreation Revenue estimate decreases • $400,000 for FY11 • $500,000 from FY12 Plan amount

  13. RecapTotal General Fund Revenues • Total Revenues in FY11 are running about $2.2M higher than budgeted • Updated FY12 Revenues are now $3.0M more than planned • Of that, $1.2M in Sales Tax for Education

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