General Fund Revenue - 2010 Budget Message

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The 2010 proposed GF Revenue Budget is $50.5 million, which is $151,500 (or -0.3%) lower than the 2009 GF Revenue Budget. The decrease is primarily attributable to significantly lower real estate deed transfer taxes, investment income and building permit fees. The 2010 Proposed Budget includes a proposed +3.8% RET millage rate increase. Higher receipts are expected in business privilege and mercantile taxes, reimbursed expenses, cable television franchise fees, indirect costs from the Solid Waste and Sanitary Sewer funds, zoning and subdivision fees, prior year real estate taxes, recreation program fees, local services tax, street permit fees, district justice fines, business and mercantile license fees and other licenses and permits.

2010 GENERAL FUND REVENUE BUDGET
INCREASES / (DECREASES) OVER 2009 BUDGET
 
Budget
% Change
2009 General Fund Revenue (Adopted)
$50,625,500
 
2010 General Fund Revenue (Proposed)
50,474,000
 
2010 Increase/(Decrease)
(151,500)
-0.3%
 
Revenues
 
 
Business and Mercantile Taxes
939,000
14.7%
Real Estate Taxes - Current Year
820,000
3.0%
Reimbursed Expenses
116,000
63.0%
Cable Television Franchise Fees
55,000
5.5%
Indirect Costs - Solid Waste and Sanitary Sewer Funds
49,000
4.0%
Other Revenue
23,500
7.9%
Zoning and Subdivision Fees
19,000
4.5%
Real Estate Taxes - Prior Year
19,000
3.4%
Recreation Program Fees
17,000
9.5%
Local Services Tax
17,000
1.1%
Street Permit Fees
16,000
11.1%
District Justice Fines
13,000
2.9%
Business Privilege and Mercantile License Fees
12,000
12.2%
Other Licenses and Permits
8,000
53.3%
Subtotal
2,123,500
5.4%
Partially offset by:
 
 
Police Services
(7,000)
-2.1%
Ordinance Violations
(14,000)
-1.6%
Alarm Registration Fees
(15,000)
-3.8%
Grants And Gifts - Police
(17,000)
-13.6%
Parking
(26,000)
-2.0%
Recreation Pool Membership Fees
(30,000)
-6.3%
Highway Aid
(50,000)
-4.1%
Plumbing Permit Fees
(51,000)
-24.8%
Building Permit Fees
(297,000)
-15.6%
Investment Income
(300,000)
-50.0%
Real Estate Transfer Tax
(1,468,000)
-40.8%
Subtotal
(2,275,000)
-20.6%
 
Net Budget Decrease Total
$(151,500)
-0.3%

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