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Budget Funding Sources <br />The following table summarizes the funding sources for the 2004 Proposed Budget <br />Property . <br />ro erty I.axes <br />$8138273884 <br />9,760,674 <br />93210790 <br />10.6% <br />Tax Increments <br />2,63 5,470 <br />225002000. <br />( <br />(5.1)% <br />Special Assessments <br />19750,000 <br />820,3000 <br />(9301,000) <br />(53.1)% <br />Inter cvenunental Rev. <br />1,697, 110 <br />926s,800 <br />(770,31 <br />(45.4)% <br />Licenses & Permits <br />1,9 73,500 <br />159829500 <br />555000 <br />2.9% <br />Char es for Services <br />1115043265 <br />11,440,005 <br />(645,260) <br />(0.6)% <br />Fines & Forfeits <br />2229400 <br />222s,400 <br />- <br />- a <br />Interest Earnings <br />2X59700 <br />251102210 <br />849510 <br />4.2% <br />Other Revenues <br />195669460 <br />1, 6 8 3,410 <br />(2985,050) <br />(19.0)% <br />Use of Reserves <br />2,368,436 <br />451327421 <br />197631985 <br />74.5% <br />Total <br />$ 3416601225 <br />3591729120 <br />1,2113895 <br />3.5 % <br />Property Taxes include taxes levied against taxable property. The increase in property taxes is <br />directly attributable to the voter - approved debt service costs and additional operating costs <br />related to the expansion of City Hall and Public Works Facilities. <br />Tax Increments include anticipated tax increments collected and remitted to developers as <br />specified in TIF agreements. The decrease in TIC' pay -as- you -go will result due to the <br />termination of various developer agreements for which all city obligations have been net. <br />Special Assessments include assessments levied against benefiting properties for various <br />infrastructure improvements. A substantial decrease is expected as many prepaid assessments <br />have been realized in the past few years, allowing the City to retire public improvement debt <br />several years early. <br />Intergovernmental Revenues include state aids, monies received under joint powers <br />agreements, and CDB G funds. A significant decrease is expected due to the loss of over <br />$700,000 in non -pose state -aid. The reduction in state -aid was the result of the State's budget <br />crisis that involved nearly $4.2 billion reduction in state spending. <br />Licenses include business licenses, building - related permits and fees, and licenses <br />and fees collected at the License Center. Business license revenue and License Center fees have <br />been adjusted to reflect current activity levels. Building permit fees are expected to remain fairly <br />constant. <br />Charges for Services include administrative charges between funds, wireless antenna lease <br />revenues, recreation program fees, user charges For; water,, sanitary surer, storm drainage, and <br />solid waste recycling fees, and greens fees for the municipal golf course. A decrease is shown <br />reflecting an adjustment made in the storm drainage operation that had previously overstated fees <br />for services. <br />R <br />