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HomeMy WebLinkAbout2 Estimated RevenuesEstimated Revenues Page 1 EXHIBIT 1 Actual Adjusted Budget Projected Budget CATEGORY / FUND FY 19-20 FY 20-21 FY 20-21 FY 21-22 General Fund (110): 1. Sales tax 18,445,806 15,750,000 18,000,000 19,879,000 2. Transient occupancy tax includes Short Term Rentals *11,681,583 8,514,517 7,100,000 10,337,678 3. Property tax Secured & Unsecured & SARDA Tax Increment 7,280,102 7,395,702 7,754,365 7,598,723 4. Franchises (Cable/Gas/Electric/Waste)3,025,984 3,125,550 3,000,000 3,000,000 5. Timeshare mitigation fee 1,467,905 1,482,583 1,501,624 1,467,905 6. Business license tax 1,038,137 1,200,000 1,000,000 1,038,273 7. Transfers in (AIPP, Traffic Safety, Parkview, Housing, Cannabis)2,472,976 2,526,010 2,620,000 2,932,500 8. Permits/Fess 2,734,902 1,966,875 2,576,050 2,320,900 9. State payments (VLF, Parking Bail, MV Iieu)4,457,447 4,501,600 4,591,788 4,646,960 10. Interest & Rental 4,240,672 641,000 609,000 634,000 11. Reimbursements/Other revenues 3,125,324 1,539,500 2,556,632 1,650,165 Totals General Fund 59,970,838 48,643,337 51,309,459 55,506,104 Fire Tax Fund (230): 1. Structural Fire Tax 6,250,113 6,305,384 6,305,384 6,519,410 2. Prop. A. Fire Tax 2,314,419 2,275,000 2,400,000 2,400,000 3. Reimbursements (Indian Wells & Rancho Mirage share of Ladder Truck, EMS Charges & Others)4,176,516 3,328,000 3,400,000 3,410,000 4. Interest Income 48,066 6,000 25,000 15,000 5. Transfers In fm General Fund 3,000,000 3,800,000 3,600,000 4,000,000 6. Fire Reserves - 5,116 - 39,090 Totals Fire Tax Fund 15,789,114 15,719,500 15,730,384 16,383,500 TOTAL REVENUE- FIRE AND GENERAL FUND 75,759,952 64,362,837 67,039,843 71,889,604 * Includes gross TOT received from operators. TOT rebates are reported as expenditures. CITY OF PALM DESERT Fiscal Year 2021-2022 Estimated Revenues