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HomeMy WebLinkAbout2_RevenuesEXHIBIT 1 Actual Adjusted Budget Projected Budget CATEGORY / FUND FY 18-19 FY 19-20 FY 19-20 FY 20-21 General Fund (110): 1. Sales tax 21,434,387 19,055,000 13,715,873 15,750,000 2. Transient occupancy tax includes Short Term Rentals * 17,250,843 16,320,800 10,332,678 8,514,517 3. Property tax Secured & Unsecured & SARDA Tax Increment 7,576,528 7,848,372 7,749,737 7,395,702 4. Franchises (Cable/Gas/Electric/Waste) 3,078,855 3,100,000 3,110,000 3,125,550 5. Timeshare mitigation fee 1,678,375 1,450,000 1,467,904 1,482,583 6. Business license tax 1,216,712 1,275,000 1,000,000 1,200,000 7. Transfers in (AIPP, Traffic Safety, Parkview, Recycling, Golf Course Maint, Cannabis)937,202 2,448,050 2,556,050 2,526,010 8. Permits/Fess 3,285,892 2,178,500 2,543,975 1,966,875 9. State payments (VLF, Parking Bail, MV Iieu)4,390,491 4,186,000 4,418,778 4,501,600 10. Interest & Rental 2,888,499 1,216,000 1,919,000 641,000 11. Reimbursements/Other revenues 1,921,128 1,596,000 1,642,900 1,539,500 Totals General Fund 65,658,912 60,673,722 50,456,895 48,643,337 Fire Tax Fund (230): 1. Structural Fire Tax 6,036,130 6,100,000 6,036,036 6,305,384 2. Prop. A. Fire Tax 2,730,402 2,200,432 2,386,500 2,275,000 3. Reimbursements (Indian Wells & Rancho Mirage share of Ladder Truck, EMS Charges & Others)3,460,149 3,065,500 3,250,000 3,328,000 4. Interest Income 36,209 15,000 15,000 6,000 5. Transfers In fm General Fund 2,300,000 3,000,000 3,000,000 3,800,000 6. Fire Reserves - 318,568 11,964 5,116 Totals Fire Tax Fund 14,562,890 14,699,500 14,699,500 15,719,500 TOTAL REVENUE- FIRE AND GENERAL FUND 80,221,802 75,373,222 65,156,395 64,362,837 * Includes gross TOT received from operators. TOT rebates are reported as expenditures. CITY OF PALM DESERT Fiscal Year 2020-2021 Estimated Revenues Estimated Revenues Page 1 EXHIBIT 1 Actual Adjusted Budget Projected Budget CATEGORY / FUND FY 18-19 FY 19-20 FY 19-20 FY 20-21 CITY OF PALM DESERT Fiscal Year 2020-2021 Estimated Revenues Gas Tax Fund (211): 1. Gas Tax (State lowering allocation due to decrease Gas Tax revenue)2,244,980 2,250,283 2,349,800 2,358,200 2. Interest 48,642 24,000 43,778 8,000 Total Gas Tax Fund 2,293,622 2,274,283 2,393,578 2,366,200 Traffic Safety Fund (210): 1. Vehicle Fines 6,229 6,000 6,000 6,000 2. Interest 58 50 52 10 Total Traffic Safety Fund 6,287 6,050 6,052 6,010 Measure A Fund (213): 1. Sales Tax 2,928,433 2,842,000 2,622,000 2,391,000 2. Reimbursements/Intergovernmental 400,637 - 500,000 3,722,000 3. Interest 650,593 200,000 487,945 87,000 Total Measure A Fund 3,979,663 3,042,000 3,609,945 6,200,000 Housing Mitigation Fund (214): 1. Development Fee 113,651 183,700 300,000 109,000 2. Other Revenue (Loan /Note Receivable) - - 60,000 - 2. Interest 82,608 25,000 74,347 17,000 Total Housing Mitigation Fund:196,259 208,700 434,347 126,000 CDBG Block Grant Fund (220): 1. CDBG Block Grant 311,059 350,000 443,000 410,000 2. Reimbursements(Program Income) 7,374 - 5,200 - 3. Interest 433 - 217 - Total CDBG Fund 318,866 350,000 448,417 410,000 Child Care Program (228) 1. Child Care Fee 25,499 311,570 35,000 109,000 2. Interest 38,272 15,000 34,445 9,000 Total Child Care Fund 63,771 326,570 69,445 118,000 Public Safety Grant Fund (229): 1. Federal Grants - - - - 2. State Grants 181,083 100,000 200,000 160,000 3. Interest/Other Reimbursements 2,428 500 1,821 300 Total Public Safety Grant Fund 183,511 100,500 201,821 160,300 Estimated Revenues Page 2 EXHIBIT 1 Actual Adjusted Budget Projected Budget CATEGORY / FUND FY 18-19 FY 19-20 FY 19-20 FY 20-21 CITY OF PALM DESERT Fiscal Year 2020-2021 Estimated Revenues New Construction Tax Fund (231): 1. Development Fee 174,981 471,000 175,000 220,000 2. Interest/Other Reimbursement 34,415 10,000 484,598 8,106,776 Total New Construction Fund 209,396 481,000 659,598 8,326,776 Drainage Facility Fund (232): 1. Development Fee 38,855 25,000 25,000 10,000 2. Reimbursements - - - - 3. Interest 44,607 10,000 40,000 6,000 Total Drainage Facility Fund 83,462 35,000 65,000 16,000 Park & Recreation Fund (233): 1. Reimbursements/Fee 247,187 250,000 50,000 25,000 2. Interest / Other Reimbursement 44,722 13,000 40,000 6,000 Total Park & Recreation Fund 291,909 263,000 90,000 31,000 Signalization Fund (234): 1. Development Fee 91,274 20,000 30,000 10,000 2. Reimbursements - Federal Grant - - - - 3. Interest 12,501 2,000 11,000 1,000 Total Signalization Fund 103,775 22,000 41,000 11,000 Fire Facilities Fund (235): 1. Development Fee 13,655 2,800 30,000 6,000 2. Interest 31,653 12,000 28,488 7,000 Total Fire Facilities Fund 45,308 14,800 58,488 13,000 Waste Recycling Fund (236): 1. Reimbursements 440,852 250,000 375,000 275,000 2.. Interest/Transer In 70,802 25,000 63,722 10,000 Total Waste Recycling Fund 511,654 275,000 438,722 285,000 Energy Independence Program (237): 1. Special Assessments 166,052 240,000 305,527 350,000 2. Reimbursements - - - - 3. Interest 39,424 12,000 35,482 7,000 Total Energy Independence Program Fund 205,476 252,000 341,009 357,000 Estimated Revenues Page 3 EXHIBIT 1 Actual Adjusted Budget Projected Budget CATEGORY / FUND FY 18-19 FY 19-20 FY 19-20 FY 20-21 CITY OF PALM DESERT Fiscal Year 2020-2021 Estimated Revenues Air Quality Management Fund (238): 1. Air Quality Fee 68,444 64,000 64,000 64,000 2. Interest / Other Reimbursement 3,629 140,300 140,300 50 Total Air Quality Fund 72,073 204,300 204,300 64,050 Cannabis Compliance Fund (243): 1. Cannabis Compliance Permit Fee - - - - 2. Cannabis Taxes 789,950 1,050,000 2,000,000 2,000,000 3. Interest 2,968 1,000 2,226 200 Total Cannabis Compliance Fund 792,918 1,051,000 2,002,226 2,000,200 Art in Public Places Fund (436): 1. Development Fee 212,177 730,500 300,000 75,000 2. Interest / Other Reimbursement 43,574 15,000 32,681 5,000 Total AIPP Fund 255,751 745,500 332,681 80,000 Golf Course Maint/Improv Fund (441): 1. Time Share Mitigation & Amenity Fees 2,388,681 2,312,640 2,270,945 2,392,615 2. Interest / Other Reimbursement 128,720 86,000 96,540 30,000 Total Golf Course Maint. Fund 2,517,401 2,398,640 2,367,485 2,422,615 Aquatic Center Fund (242): 1. Aquatic Fees 793,602 795,550 795,550 877,500 2. Transfer In (General Fund) 709,937 860,950 871,052 1,026,000 3. Interest 35,955 7,000 26,966 3,000 Total Aquatic Center 1,539,494 1,663,500 1,693,568 1,906,500 Compensation Benefits Fund (577): 1. Contribution - - - - 2. Interest 68,762 10,000 51,572 10,000 3. Interfund Transfer In 250,000 100,000 100,000 150,000 Total Compensation Benefits Fund 318,762 110,000 151,572 160,000 Retiree Health Fund (576): 1. Contribution - - - - 2. Interest 31,730 10,000 23,798 4,000 3. Interfund Transfer In 3,710,406 1,161,501 1,161,501 951,508 Total Retiree Health Fund 3,742,136 1,171,501 1,185,299 955,508 Estimated Revenues Page 4 EXHIBIT 1 Actual Adjusted Budget Projected Budget CATEGORY / FUND FY 18-19 FY 19-20 FY 19-20 FY 20-21 CITY OF PALM DESERT Fiscal Year 2020-2021 Estimated Revenues El Paseo Merchant Fund (271): 1. El Paseo Merchant Fee(Business License)253,141 250,000 250,000 250,000 Total El Paseo Fund 253,141 250,000 250,000 250,000 2010 Capital Project Reserve (400): 1. State, Federal, CVAG Reimb.,Other Rev.- 60,000 - - 2. Interest 72,759 20,000 54,000 10,000 3. Interfund Transfer In 800,000 250,000 250,000 400,000 Total Capital Project Fund 872,759 330,000 304,000 410,000 CP Parks Fund (430): 1. Reimbursements - - - - 2. Interest 2,215 1,000 1,600 100 Total Parks Fund 2,215 1,000 1,600 100 CP Drainage Fund (420): 1. Interest/ Reimbursements 56,872 15,000 42,000 5,000 Total Drainage Fund 56,872 15,000 42,000 5,000 CP Signal Fund (440): 1. Reimbursements - - - - 2. Interest 2,938 700 2,000 100 Total Signal Fund 2,938 700 2,000 100 CP Library Fund (452): 1. General Fund Transfers In (County using former RDA pass through monies) 3,321 - 2,400 - Total Library Fund 3,321 - 2,400 - Building Maintenance Fund (450): 1. General Fund Transfer In - - - - 2. Interest 88,198 20,000 44,000 5,000 Total Building Maintenance Fund 88,198 20,000 44,000 5,000 Economic Development Fund (425): 1. Interest, Rent, Transfers & Reimbursments 122,565 3,000 3,500,000 62,816 Total Economic Development Fund 122,565 3,000 3,500,000 62,816 Capital Bond Fund (451): 1. Interest, Rent & Reimbursments 1,267,229 650,100 800,000 100,000 Total Capital Bond Fund 1,267,229 650,100 800,000 100,000 Estimated Revenues Page 5 EXHIBIT 1 Actual Adjusted Budget Projected Budget CATEGORY / FUND FY 18-19 FY 19-20 FY 19-20 FY 20-21 CITY OF PALM DESERT Fiscal Year 2020-2021 Estimated Revenues Debt Service Funds (Various 300's) 1. Transfer In/Taxes/Interest 5,284,564 5,027,759 5,027,759 4,764,779 Total Debt Service Funds 5,284,564 5,027,759 5,027,759 4,764,779 Parkview Office Complex Fund (510): 1. Rent/Leases of Buildings 1,298,066 1,200,000 1,225,000 1,225,000 2. Other Revenues 123 - - - 3. Interest 147,881 55,000 110,911 19,000 Total Parkview Office Fund 1,446,070 1,255,000 1,335,911 1,244,000 Equipment Replacement Funds (530): 1. General & Fire Fund Transfer In 467,110 330,000 475,000 584,000 2. Interest 228,902 60,000 114,451 20,000 3. Reimbursements/Other Revenues 32,452 648,000 - 648,000 Total Equip. Replacement Fund 728,464 1,038,000 589,451 1,252,000 Landscape & Lighting Districts (272-299): 1. Transfer In 93,611 100,000 100,000 100,000 2. Taxes 306,059 317,137 316,000 318,401 3. Interest 25,548 800 19,161 - Total Landscape & Lighting 425,218 417,937 435,161 418,401 Business Improvement Districts (272-299): 1. Taxes 546,216 551,803 540,000 558,536 2. Interest/Transfers 49,181 7,000 7,000 7,000 Total Business Improvement 595,397 558,803 547,000 565,536 Desert Willow Golf Fund (520-521): 1. Golf Course 9,335,113 8,589,887 8,917,117 9,014,015 2 Resturant Revenue 2,869,768 3,054,454 3,063,224 3,132,063 3. Interest 33,429 54,130 25,072 29,257 Total Desert Willow Fund 12,238,310 11,698,471 12,005,413 12,175,335 Housing Fund (870): 1. Transfers In & Interest 478,698 351,876 351,876 319,100 Total Housing Fund 478,698 351,876 351,876 319,100 TOTAL ALL CITY FUNDS (Excl. Housing Authority & Housing Asset Funds) 121,819,255 111,986,212 107,189,515 111,950,163 Estimated Revenues Page 6