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City of Alexandria, VA City of Alexandria, VA
Finance
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Page updated Apr 21, 2011 4:15 PM
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Online Reference 2:  Comparative Statement of Revenues, General Fund, For the Periods Ending February 28, 2011, and February 28, 2010

View All Revenue Summaries and Explanations 
Return to February Financial Report         

NOTE:  Click on any of the highlighted revenue categories below to see the revenue summary for that category or click on the link above to view all revenue summaries and explanations.  Click on any highlighted number for notes.   

  FY 2010
ACTUALS
FY 2011
REVISED
BUDGET
FY 2011
PROJECTED
REVENUES
FY 2011
REVENUES
THRU 2/28/11
% OF
BUDGET
FY 2010
REVENUES
THRU 2/28/10
%
CHANGE
General Property Taxes              
Real Property Taxes $302,666,192 $296,237,904 $307,976,901 $152,617,067 51.5% $150,309,838 2%
Personal Property Taxes 32,923,178 32,300,000 33,700,000 32,766,205 101.4% 31,110,048 5%
Penalties and Interest  1,631,548 1,870,000 1,870,000 1,130,936 60.5% 826,930 37%
Total Gen. Property Taxes $337,220,918 $330,407,904 $343,546,901 $186,514,208 56.4% $182,246,816 2%
               
Other Local Taxes              
Local Sales and Use Tax $22,744,483 $23,500,000 $23,700,000 $11,993,228 51.0% $11,608,835 3%
Consumer Utility Taxes 10,462,233 10,500,000 10,700,000 6,351,752 60.5% 6,107,749 4%
Communication Sales and Use Tax 11,315,541 11,600,000 11,600,000 5,914,286 51.0% 5,591,573 6%
Business License Taxes 30,295,624 30,200,000 28,800,000 11,570,759 38.3% 9,214,001 26%1 
Transient Lodging Taxes 10,824,410 11,100,000 11,800,000 6,001,548 54.1% 5,650,012 6%
Restaurant Meals Tax 14,908,999 15,400,000 16,000,000 8,710,312 56.6% 8,398,779 4%
Tobacco Taxes 2,910,382 2,900,000 2,900,000 1,629,229 56.2% 1,717,371 -5%
Motor Vehicle License Tax  3,172,254 3,200,000 3,200,000 2,911,166 91.0% 2,790,070 4%
Real Estate Recordation 3,313,547 3,800,000 3,800,000 2,186,694 57.5% 1,994,574 10%
Admissions Tax 1,125,172 1,200,000 1,200,000 618,159 51.5% 693,310 -11%
Other Local Taxes  3,298,706 3,030,000 2,830,000 459,640 15.2% 582,155 -21%
Total Other Local Taxes $114,371,351 $116,430,000 $116,530,000 $58,346,773 50.1% $54,348,429 7%
               
Intergovernmental Revenues               
Revenue from the Federal Government  $8,804,712 $8,826,689 $8,725,244 $5,772,502 65.4% $3,910,555 48%2 
Personal Property Tax Relief from the Commonwealth  23,578,531 23,578,531 23,578,531 23,106,960 98.0% 23,106,960 0%
Revenue from the Commonwealth  20,082,668 19,769,080 20,098,964 11,397,802 57.7% 11,697,887

-3%

Total Intergovernmental Revenues $52,465,911 $52,174,300 $52,402,739 $40,277,264 77.2% $38,715,402

4%

               
Other Governmental Revenues And Transfers In              
Fines and Forfeitures  $3,941,372 $4,646,020 $4,494,000 $2,826,777 60.8% $2,510,924 13%
License and Permits  4,811,588 1,802,010 $1,876,975 1,691,117 93.8% 3,023,750 -44%3
Charges for City Services 13,803,578 14,902,302 14,175,471 8,934,640 60.0% 7,659,302 17%
Revenue from Use of Money & Property 3,033,638 4,010,000 3,330,000 2,566,536 64.0% 2,219,456 16%
Other Revenue  787,960 783,700 763,000 506,056 64.6% 487,732 4%
Transfer from Other Funds 1,301,560 1,446,713 1,446,713 -           0.0% -           0%
Total Other Government Revenues $27,679,696 $27,590,745 $26,086,159 $16,525,126 59.9% $15,901,164 4%
               
TOTAL REVENUE $531,737,876 $526,602,949 $538,565,799 $301,663,3714 57.3% $291,211,811 4%
               
Appropriated Fund Balance
General Fund
-     $5,499,291 $5,499,291 -           -           -           0%
Reappropriation of FY 2010
  Encumbrances and Other
  Supplemental Appropriations
-     7,272,932

-

-           -           -           0%
TOTAL $531,737,876 $539,375,172 $544,065,090 $301,663,371 55.9% $291,211,811 4%


Revenues Chart

Revenues Chart -- February 2011

  

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Notes

  1. Business License Tax: The City’s business license tax was due March 1, 2011.  Collections-to-date in the amount of $11.6 million represent a difference in the timing for payments made by businesses (i.e., paid in late February).  Collections, while higher than in FY 2010, are still being tabulated.  No conclusions about current year collections will be available until the tabulation is complete.
  2. Revenue from the Federal Government:  The City has received $1.2 million in FY 2011 for the Build America Bonds subsidy as compared to $0.4 million in FY 2010.
  3. Licenses and Permits: The category decrease is due to the transfer of the approximate $3.8 million budget for new construction fees from the General Fund to a special revenue account beginning July 1, 2010, where they will be used to cover the cost of Code Enforcement’s New Construction Division, which is now self-financed from these permit fees.
  4. Year-to-Date Revenues:  As of February 28, 2011, actual General Fund revenues totaled $301.7 million, which is 3.6 percent higher than FY 2010 revenues for the same period last year.  Most of this increase is related to the other local taxes category, which is up 7.0 percent over last year.  The FY 2012 Proposed Budget contains a revised estimate for FY 2011 revenues.  That estimate shows a revenue surplus of $12.5 million or 2.3 percent compared to the original FY 2011 budget estimate of General Fund revenues for $526.1 million, primarily due to real property revenues (due to higher assessments than previously forecast).  As discussed at the October Council Retreat and at the February budget work session, this surplus was set aside primarily for the capital improvement program.

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301 King St.
Alexandria, VA 22314
703.746.3900
Fax: 703.838.4987
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