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Financial Overview <br />Revenue Summary <br />The 2016 Recommended Budget includes a total revenue projection (excluding <br />interfund transfers and other financing sources) of $56.2 million for all funds, an <br />increase of 9.8% over the estimated revenue for 2015. This projected increase in City- <br />wide revenue is mainly due to projected increases in sales and use taxes, building - <br />related revenue (construction permits, impact fees, and utility tap fees), utility rates, and <br />a full year of Golf Course revenue. <br />Sales taxes are projected to increase by 4.9% in 2015 and by 3.5% in 2016. <br />16 ,000, 000 <br />14,000,000 <br />12,000,000 <br />10,000,000 <br />$,000,000 <br />6,000,000 <br />4,000,000 <br />2,000,000 <br />City -Wide Sales Tax Revenue <br />Actual and Projection <br />End of Historic <br />Preservation Tax <br />Q' ' 6'3 tt4 Z] C! D 4( ,�O ,�k, �1, �. qb ,�lo co ^'i A`b ,��! t. <br />1' `40 ,t° '1° "�° F , o L° ,1° `b° rL° ' ° '4° '1° ' 4° �° +1� '4° 'L° R° <br />The following schedule shows total City -wide sales tax revenue in constant (real) dollars <br />using the Consumer Price Index (CPI) for All Urban Consumers in the Denver- Boulder- <br />Greeley area. Estimates for 2015 through 2020 range from 2.0% to 3.5 %. <br />1 <br />44 <br />('1i8%) Effective 2018 <br />Implementation of <br />Consumer Use Tax <br />Effective 2011 <br />i <br />Projected Average <br />Annual change = <br />1 s, frrc']n77 -9nwl <br />Decline partially due <br />to Increased retail <br />Additional Historic.. <br />competition in <br />neighboring <br />municipalities <br />Preservation Tax <br />(1.i8%) Effective 2009 <br />Closing of Sam's (Jan <br />2010)and Safeway <br />May 2010) <br />Q' ' 6'3 tt4 Z] C! D 4( ,�O ,�k, �1, �. qb ,�lo co ^'i A`b ,��! t. <br />1' `40 ,t° '1° "�° F , o L° ,1° `b° rL° ' ° '4° '1° ' 4° �° +1� '4° 'L° R° <br />The following schedule shows total City -wide sales tax revenue in constant (real) dollars <br />using the Consumer Price Index (CPI) for All Urban Consumers in the Denver- Boulder- <br />Greeley area. Estimates for 2015 through 2020 range from 2.0% to 3.5 %. <br />1 <br />44 <br />