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The Honorable Chairman .1 Yoshimoto and <br /> Members of the 1- lawai`i County Council <br /> Page 4 <br /> March 1, 2010 <br /> • REVENUES BY SOURCE <br /> The following table presents a summary of projected FY 2010-11 revenues from various sources <br /> and the changes from the current budget: <br /> REVENUES BY SOURCE <br /> (Amounts in thousands) <br /> Increase <br /> (Decrease) <br /> Percent From Percent <br /> Of FY 2009- Increase <br /> Source Amount Total 10 (Decrease) <br /> Amount <br /> Real Property Tax $217,150 57.8% $0 0.0% <br /> Public Service Company Tax 8,730 2.3% 100 1.2% <br /> Fuel Fax 7,24.3 1.9% (778) (9.7 %) <br /> Public Utilities Franchise Tax 11,095 3.0% 1,879 20.4% <br /> Licenses and Permits 15,351 4.1% (2,094) (12.0 %) <br /> Revenues /Use of Money & Property 1,912 .5% (1,319) (40.8 %) <br /> Intergovernmental Revenues 62,205 16.6% 3,334 5.7% <br /> Charges for Services 20,918 5.6% (4,035) (16.2 %) <br /> Other Revenues 7,859 2.1% (8,276) (51.3 %) <br /> Fund Balance Carryover 22,904 6.1 % (490) (2.1 %) <br /> • <br /> $375.367 100_0% ($11,679) (3.0 %) <br /> REVENUE CHANCES <br /> The major changes in projected revenues are as follows: <br /> Real Property Tax. Net real property tax values are projected to decrease by 9.62 %. However, <br /> real property tax revenue is the same as the FY 2009 -10 budget, based on a revenue - neutral rate <br /> proposal <br /> Fuel Tax. Fuel taxes are expected to decrease by 9.7 %, or $788,000 due to reduced fuel <br /> consumption. This decrease is on top of a similar decrease in the current fiscal year. <br /> Licenses and Permits. The 12.0% drop in this revenue category is due to decreases in liquor <br /> licenses ($238,000), construction - related permits (5730,000) and vehicle /trailer weight taxes <br /> (5995.000). <br /> County of dlarvaE i is an Equal Opportunity Provider and Employer. <br />