2011 the city of kelsey accumulated $42,479,925 in total revenue 2012 city management has predicted...
TRANSCRIPT
Tax Revenue Predictions for The City Of Kelsey
By: Samuel T. WeekleyQNT 562
Dr. Lester ReamsNovember 6, 2011
Population and revenue
2011 201242,200,000
42,300,000
42,400,000
42,500,000
42,600,000
42,700,000
42,800,000
42,900,000
43,000,000
43,100,000
Estimated Generated Revenue
Estimated Generated Revenue
Population Trend
Tota
l Pop
ulat
ion
Popu
latio
n 16
+
Empl
oyed
-Civ
ilian
Labo
r
Armed
For
ces
Tota
l pay
ing
taxe
s
0
100000
200000
300000
400000
500000
600000
700000
20112012 estimates
Estimated Revenue Increase
2011
2012
4150000042000000
4250000043000000
43500000
Revenue Estimation
Revenue Estimation
2011 The City of KelseyAccumulated $42,479,925 in total revenue
2012City Management has predicted generated revenue estimates of $43,500,000
Estimated Revenue Increase Cont’d
Revenue Sources 2011 2012
Sales Tax $31,625,959 $31,880,978
Property Tax $7,468,271 $7,723,290
Franchise Tax $485,695 $740,714
Highway User Tax $2,900,000 $3,155,019
Totals $42,479,925 $43,500,000
Estimated Revenue Increase Cont’d
Major Sources of Revenue
o Sales Taxo Property Taxo Franchise Taxo Highway User Tax
Sale
s Ta
x
Prop
erty
Tax
Fran
chise
Tax
Hwy
User T
ax
Tota
l
0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
45,000,000
20112012Series3
Highway User Tax
Highway User Taxes
1. HURF funding2. $.05 fuel tax3. Motor carrier fees4. Vehicle license taxes5. Vehicle registration fees6. Other transportation related fees
Fuel
Tax
Motor
Car
rier
Licen
se ta
x
Registra
tion
Other
HURF
TOTA
L0
1000000
2000000
3000000
4000000
5000000
6000000
7000000
2011
2011
HURF Contribution
HURF statewide fund: $290 million in previous FY
Kelsey share = $ 3 million
HURF = special revenue fund
Funding allocated to Kelsey Public Works
Used for highway construction projects, and maintenance
Personal Services
In previous FY Kelsey personal services consumed 80% of generated revenue from:
1. Sales Tax2. Property Tax3. Franchise Tax
Personal Services Cont’d
Polic
eFir
e
Comm
unity
Ser
vice
s
Mayor
/Cou
ncil
City M
anag
er
Devel
opm
ent S
ervi
ces
Admin
Ser
vice
s0
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
14,000,000
16,000,000
20112012
Conclusion
•Fiscal responsibility•Teamwork and diligence•Accurate spending trends = accurate budget
References
Apollo Group, Inc. (2007, 2009, 2011); City of Kelsey City Government, Census 2000, City Of Kelsey CAFR; Retrieved November 5, 2011 QNT/562 https//ecampus.phoenix.edu/secured