COM 0717.000 2004-2006 - Laserfiche WebLink

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The Honorable Chairman Stacy Higa and Members of the County Council Page 6 March I. 2006 OPERATING REVENUES The following table presents a summary of projected FY 2006-07 revenues from various sources and the changes from the current budget: REVENUES BY SOURCE (Amounts in thousands) Source Real Property Tax Public Service Company Tax Fuel Tax Public Utilities Franchise Tax Licenses and Permits Revenues and Use of Money & Property Intergovernmental Revenues Charges for Services Other Revenues Fund Balance Carryover Increase 56.8% (Decrease) 18.8% Percent From Percent Of FY 2005-06 Increase Amount Total Amount (Decrease) $179,615 56.8% $28,428 18.8% 6,300 2.02% (200) (3.1%) 7,895 2.5% 315 4.2% 7,500 2.4% 1,500 25.0% 15,670 5.0% 1,426 10.0% 4,526 1.4% 1,692 59.7% 55,754 17.6% 618 1.1% 22,477 7.1% 2,184 10.8% 6,556 2.1% (239) (3.5%) 9,783 3.1% (3,697) (27.4%) $316,076 100.0% $32,027 11.3% Significant changes to operating revenues are as follows: Real Property Tax — Taxable real property revenues increasing by 18.8% after planned tax rate reduction. Interest Income — Interest earnings increasing due to a higher rate of return on investments. Charges for Services — Solid Waste tipping fee revenues increasing by $2.2 million due to increased tipping fees and tonnage. Other Revenues — Revenue source decreasing due to reduction in land sales, debt reimbursement, and departmental charges.