City of Alexandria, VA
Online Reference 2: Comparative Statement of Revenues, General Fund, For the Periods Ending May 31, 2012, and May 31, 2011
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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.
| |
FY2011
ACTUALS |
FY 2012
REVISED
BUDGET |
FY 2012
PROJECTED
REVENUES |
FY 2012
REVENUES
THRU 5/31/12 |
% OF
BUDGET |
FY 2011
REVENUES
THRU 5/31/11 |
%
CHANGE |
| General Property Taxes |
|
|
|
|
|
|
|
| Real Property Taxes |
$312,641,695 |
$321,991,875 |
$324,999,992 |
$206,134,204 |
64.0% |
$178,834,155 |
15% |
| Personal Property Taxes |
34,891,944 |
34,600,000 |
37,250,000 |
37,242,260 |
107.6% |
34,361,366 |
8% |
| Penalties and Interest |
2,246,186 |
1,870,000 |
2,125,000 |
1,809,274 |
96.8% |
1,869,081 |
-3% |
| Total Gen. Property Taxes |
$349,779,825 |
$358,461,875 |
$364,374,992 |
$245,185,738 |
68.4% |
$215,064,602 |
14% |
| |
|
|
|
|
|
|
|
| Other Local Taxes |
|
|
|
|
|
|
|
| Local Sales and Use Tax |
$23,880,909 |
$24,200,000 |
$24,600,000 |
$18,395,420 |
76.0% |
$17,512,446 |
5% |
| Consumer Utility Taxes |
10,812,989 |
11,200,000 |
10,800,000 |
8,622,903 |
77.0% |
9,049,561 |
-5%1 |
| Communication Sales and Use Tax |
11,259,534 |
11,600,000 |
11,100,000 |
8,214,904 |
70.8% |
8,636,750 |
-5%2 |
| Business License Taxes |
30,444,798 |
31,825,000 |
32,600,000 |
30,801,876 |
96.8% |
29,170,487 |
6% |
| Transient Lodging Taxes |
11,245,201 |
12,500,000 |
11,800,000 |
9,062,246 |
72.5% |
8,924,066 |
2% |
| Restaurant Meals Tax |
16,214,900 |
16,300,000 |
16,500,000 |
13,112,353 |
80.4% |
12,756,783 |
3% |
| Tobacco Taxes |
2,777,053 |
2,900,000 |
2,700,000 |
2,202,260 |
75.9% |
2,281,396 |
-3% |
| Motor Vehicle License Tax |
3,324,937 |
3,200,000 |
3,400,000 |
3,277,084 |
102.4% |
3,187,597 |
3% |
| Real Estate Recordation |
3,668,663 |
3,800,000 |
4,800,000 |
4,162,838 |
109.5% |
3,055,838 |
36%3 |
| Admissions Tax |
1,082,685 |
1,100,000 |
1,100,000 |
884,395 |
80.4% |
852,686 |
4% |
| Other Local Taxes |
3,547,688 |
2,705,000 |
3,335,275 |
2,646,291 |
97.8% |
2,395,525 |
10% |
| Total Other Local Taxes |
$118,259,357 |
$121,330,000 |
$122,735,275 |
$101,382,570 |
83.6% |
$97,823,135 |
4% |
| |
|
|
|
|
|
|
|
| Intergovernmental Revenues |
|
|
|
|
|
|
|
| Revenue from the Federal Government |
$9,697,509 |
$9,447,640 |
$9,950,206 |
$8,827,026 |
93.4% |
$8,231,516 |
7%4 |
| Personal Property Tax Relief from the Commonwealth |
23,578,531 |
23,578,531 |
23,578,531 |
23,578,531 |
100.0% |
23,578,531 |
0% |
| Revenue from the Commonwealth |
20,452,569 |
19,950,485 |
20,222,485 |
16,728,515 |
83.9% |
15,973,273 |
5% |
| Total Intergovernmental Revenues |
$53,728,609 |
$52,976,656 |
$53,751,222 |
$49,134,072 |
92.7% |
$47,783,320 |
3% |
| |
|
|
|
|
|
|
|
| Other Governmental Revenues And Transfers In |
|
|
|
|
|
|
|
| Fines and Forfeitures |
$4,472,520 |
$4,764,000 |
$4,594,000 |
$4,353,271 |
91.4% |
$3,989,055 |
9% |
| Licenses and Permits |
2,543,789 |
2,049,975 |
2,313,650 |
2,137,237 |
104.3% |
2,313,073 |
-8% |
| Charges for City Services |
14,939,668 |
14,709,303 |
15,554,303 |
12,933,340 |
87.9% |
12,161,710 |
6%7 |
| Revenue from Use of Money & Property |
3,591,323 |
3,570,000 |
3,535,000 |
3,488,929 |
97.7% |
3,322,710 |
5% |
| Other Revenue |
987,727 |
490,000 |
510,000 |
1,144,647 |
233.6% |
751,492 |
52%8 |
| Transfer from Other Funds |
1,446,713 |
1,666,903 |
1,666,903 |
- |
0.0% |
- |
0% |
| Total Other Government Revenues |
$27,981,740 |
$27,250,181 |
$28,173,856 |
$24,057,424 |
88.3% |
$22,538,040 |
7% |
| |
|
|
|
|
|
|
|
| TOTAL REVENUE |
$549,749,531 |
$560,018,712 |
$569,035,345 |
$419,759,804 |
75.0% |
$383,209,097 |
10% |
| |
|
|
|
|
|
|
|
Appropriated Fund Balance
General Fund |
- |
$8,961,138 |
- |
- |
- |
- |
0% |
| Appropriation of Refunding Bond Proceeds |
- |
73,454,827 |
73,454,827 |
73,454,827 |
- |
- |
- |
Reappropriation of FY 2011
Encumbrances and Other
Supplemental Appropriations |
- |
11,156,009 |
11,100,514 |
- |
- |
- |
0% |
| TOTAL |
$549,749,531 |
$653,590,686 |
$653,590,686 |
$493,214,631 |
75.5% |
$383,209,097 |
29% |
Notes
- Consumer Utility Taxes: The decrease in these taxes is primarily due to the relatively mild winter.
- Communication Taxes: The decrease in these taxes is primarily attributable to a one time refund issued to a large wireless provider that collected taxes on data services for various wireless devices used by their customers. The total amount of the refund, including interest, was $12.9 million, and the City’s share was $0.3 million.
- Recordation Tax: The increase in this tax is primarily the result of the sale and refinancing of a few large commercial properties. Based on current collections, primarily for residential refinancings, staff projects collections will be approximately $4.8 million, an increase of $0.7 million above the previous projection.
- Revenue from Federal Government: The decrease in Federal revenue primarily represents the timing of payments for the Federal Prisoner Per Diem.
- Other Revenue: The increase in other revenue resulted from sale of surplus property.
- Charges for Service: The increase in charges for services is primarily the result of a budgeted increase in meter fees (to $1.75/hour) implemented with the installation of the new multi-space meters midway through FY 2011. In addition, planning permit fees also show increased activity for FY 2012.
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