COM 0193.000 2006-2008 - Laserfiche WebLink

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The Honorable Chairman Pete Hoffmann and Members of the County Council Page 6 March 1, 2007 OPERATING REVENUES The following table presents a summary of projected FY 2007-08 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 59.3% (Decrease) 16.0% Percent From Percent Of FY 2006-07 Increase Amount Total Amount (Decrease) $213,100 59.3% $29,405 16.0% 7,050 2.0% (250) (3.4%) 8,185 2.3% 290 3.7% 7,595 2.1% 95 1.3% 17,087 4.7% 1,417 9.0% 4,547 1.3% 22 0.5% 57,075 15.9% 1,365 2.5% 24,743 6.9% 2,254 10.0% 7,654 2.1% 1,140 17.5% 12,064 3.4% (3,337) (21.7%) $359,100 100.0% $32,401 9.9% Significant changes to operating revenues are as follows: Real Property Tax — Taxable real property revenues increasing by 16.0% due to increase in taxable values. Licenses and Permits — Revenue sources with projected increases include construction related permits, vehicle and trailer weight taxes, and geothermal royalties. Charges for Services — Solid Waste tipping fee revenues increasing by $1.5 million. Other Revenues — Debt service reimbursement from the Department of Water Supply increasing by $869,000. Fund Balance Carryover — General Fund Carryover decreasing due to having reduced its projected carryover savings by $2.3 million.