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Annual Revenue Survey February 12, 2013

Annual Revenue Survey February 12, 2013. In preparation for the 2014 City Budget. City Budget Revenues. 2013 City Budget of $121,804,142.

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Annual Revenue Survey February 12, 2013

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  1. Annual Revenue SurveyFebruary 12, 2013 In preparation for the 2014 City Budget

  2. City Budget Revenues 2013 City Budget of $121,804,142 Reminder: Pages 53 and 54 of the published 2013 City Budget discuss growth rates and assumptions of major revenue sources. This information is also available online.

  3. Beginning Cash Balances All budgeted funds In 2013, this increase primarily comes from two funds: $1,908,790 ~ EcoDevo Fund $1,673,871 ~ Bond & Interest fund

  4. Major Revenue Sources Property Taxes Property Taxes – From 2012 to 2013, the total increase in property taxes was $918,727. Of this amount, City Services had no increase and only $76,431 increase was attributed to the Bond & Interest Fund. RCPD and Library Bond & Interest City Services

  5. Major Revenue Sources Sales Taxes Sales Taxes – In 2012, The City’s 1₵ sales tax increased 5.7% over 2011, including an increase of about 5.8% over what was budgeted for 2012. Amount Budgeted

  6. General Fund Revenues 2013 General Fund Budget of $25,993,571

  7. General Fund Revenues

  8. Total Debt Forecast 1,908,335 53,993,410 3,399,505 34,845,146 71,645,000 50,800,000 41,861,977 66,567,676 84,399,537 74,772,324 11,427,214

  9. 2012 Total Debt = $268,886,745

  10. 2013 Total Debt = $262,332,038

  11. 2014 Total Debt = $263,020,695

  12. 2015 Total Debt = $263,879,052

  13. 2016 Total Debt = $247,689,183

  14. 2017 Total Debt = $232,569,524

  15. 2018 Total Debt = $226,733,379

  16. Current Total Debt = $268,886,744

  17. 1) $5 Million Issued Annually

  18. Comparative Data

  19. Commissioner Feedback • Revenue Projections • Expenditures • Commissioner Priorities for 2013 First Budget Work Session May 14th

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