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The Bonorahle Chairman .Eines Y. Arakaki <br />and Memhcrs of the County Council <br />Wi_,c 3 <br />February 28. 2003 <br />OPERATING REVENUES <br />The following table presents a summary of projected FY 2003-04 revenues from various <br />sources and the changes from the current budget: <br />REVENUES BY SOURCE <br />(Amn¢nLc in thol smtdO <br />Source <br />Real Property Tax <br />Public Service Company Tax <br />Fuel Tax <br />Public Utilities Franchise Tax <br />Licenses and Permits <br />Revenues and Use of Money & Property <br />Intergovernmental Revenue <br />Charges for Services <br />Other Revenues <br />Fund Balance Carryover <br />Increase <br />53.6% <br />(Decrease) <br />9.5% <br />Percent From <br />Percent <br />Of FY 2002-03 <br />Increase <br />Amount Total Amount <br />(Decrease) <br />$117,222 <br />53.6% <br />$10,185 <br />9.5% <br />5,215 <br />2.4% <br />0 <br />0% <br />6,836 <br />3.1% <br />382 <br />5.9% <br />4,990 <br />2.3% <br />0 <br />0% <br />10,305 <br />4.7% <br />1,686 <br />19.6% <br />1,929 <br />.9% <br />(1,675) <br />(46.5%) <br />46,556 <br />21.3% <br />2,028 <br />4.6% <br />14,036 <br />6.4% <br />734 <br />5.5% <br />5,875 <br />2.7% <br />394 <br />7.2% <br />5,701 <br />260/. <br />456 <br />(7.4%) <br />$218,665 100.0% $13,278 6.5% <br />Significant changes to operating revenues are as follows: <br />Real Property Tax - Net taxahle values increasing by 10.49'%, with current tax rates <br />remaining the same. <br />License and Permits - Vehicle registration fee increasing by $1.132.000 as a result of <br />the recent increase in the annual fee for abandoned vehicles. <br />Interest Income - Interest earnings decreasing due to the low rate 01' return on <br />investments. The country is currently experiencing a record low investment market. <br />Transient Accommodations Tax (TAT) - TAT at $15,'781,000 based on the Council on <br />Revenues most recent projection of a 6°k increase in collections. <br />