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1112 City
<br />Imm Louisville
<br />COLORADO • SINCE 1878
<br />OPEN SPACE ADVISORY BOARD
<br />AGENDA ITEM VIII.
<br />SUBJECT:
<br />DATE:
<br />OPEN SPACE & PARKS FUND OVERVIEW
<br />SEPTEMBER 13, 2017
<br />PRESENTED BY: KEVIN WATSON, FINANCE DIRECTOR
<br />Information within this communication to the Open Space & Advisory Board has been
<br />extracted from the Council Communication presented at the August 8 Budget Retreat.
<br />REVENUE UPDATE:
<br />As part of the City's ongoing revenue monitoring process, staff typically presents
<br />monthly updated revenue projections to the Finance Committee during the budget
<br />development period. These projections focus on the City's largest revenue sources and
<br />are based on monthly and annual trend analysis. Below is a copy of the Revenue
<br />Trend Dashboard that was presented at the July 21 Finance Committee meeting.
<br />CITY COUNCIL COMMUNICATION
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<br />City of Louisville, Colorado
<br />2017 Revenue Projection Dashboard - All Funds
<br />Projections As Of July 14, 2017
<br />Revenue
<br />Category
<br />2017
<br />Budget
<br />2017 Variance 2016 2017
<br />Variance
<br />Projection Amount Percent Actual Projection
<br />Amount Percent
<br />Property Tax
<br />3,644,820
<br />3,621,630 (23,190) -0.6% 3,559,536 3,621,630
<br />62,094 1.7%
<br />Sales Tax
<br />13,347,450
<br />13,992,270 4.8% 12,896,098 13,992,270
<br />Consumer Use Tax
<br />1,847,240
<br />1,754,880 (92,360) 1,847,243 1,754,880
<br />(92,363)
<br />Auto Use Tax
<br />1,384,440
<br />1,425,880 41,440 3.0% 1,357,307 1,425,880
<br />68,573
<br />Building Use Tax
<br />1,755,090
<br />1,150,460' 2,000,821 1,150,460'
<br />Lodging Tax
<br />522,780
<br />512,730 (10,050) -1.9% 500,223 512,730
<br />12,507 2.5%
<br />Specific Ownership Tax
<br />199,310
<br />196,440 (2,870) -1.4% 191,644 196,440
<br />4,796 2.5%
<br />Franchise Tax
<br />1,078,070
<br />1,010,180 (67,890) 1,057,233 1,010,180
<br />(47,053) -4.5%
<br />Marijuana Tax
<br />118,850
<br />147,150 28,300 113,193 147,150
<br />33,958
<br />Construction Permits
<br />1,362,830
<br />722,420' 1,564,367 722,420'
<br />Court Fines
<br />134,130
<br />166,670 32,540 166,668 166,670
<br />2 0.0%
<br />Highway Users Tax
<br />633,210
<br />633,210 - 0.01 626,946 633,210
<br />6,264 1.01
<br />Rec Ctr Membership Fees
<br />833,450
<br />756,070 (77,380) - 763,710 756,070
<br />(7,640) -1.0%
<br />Rec Ctr Daily User Fees
<br />85,000
<br />84,000 (1,000) -1.2% 88,423 84,000
<br />(4,423)
<br />Rec Ctr Swim Lessons
<br />115,010
<br />154,230 39,220 102,823 154,230
<br />51,407
<br />Rec Ctr Youth Activity Fees
<br />170,000
<br />227,000 57,000 189,164 227,000
<br />37,836
<br />Rec Ctr Youth Sports Fees
<br />102,000
<br />123,900 21,900 112,638 123,900
<br />11,262
<br />State Lottery Proceeds
<br />225,750
<br />201,160 (24,590) 221,513 201,160
<br />(20,353)
<br />Impact Fees
<br />1,168,130
<br />325,520' 1,517,611 325,520'
<br />Water User Fees
<br />5,772,150
<br />5,772,150 - 0.0% 5,772,151 5,772,150
<br />(1) 0.0%
<br />Water Tap Fees
<br />10,673,110
<br />4,349,697' 7,089,743 4,349,697'
<br />Wastewater User Fees
<br />3,027,960
<br />3,027,960 - 0.0% 2,988,150 3,027,960
<br />39,810 1.3%
<br />Wastewater Tap Fees
<br />1,152,290
<br />636,780' 1,376,709 636,780'
<br />Storm Water User Fees
<br />711,590
<br />711,590 - 0.01 692,881 711,590
<br />18,709 2.7%
<br />Golf Course Operating Fees '
<br />1,537,660
<br />1,477,220 (60,440) -3.9% 1,351,353 1,477,220
<br />Solid Waste & Recycling Fees
<br />1,520,460
<br />1,440,000 (80,460) - 1,399,199 1,440,000
<br />40,801 2.9%
<br />= Department Projection
<br />= Positive Variance exceeding $100,000 andlor 5%
<br />= Neutral Variance within 8100,000 andlor 6%
<br />= Negative Variance exceeding $100,000 andlor 5%
<br />Orange
<br />Green
<br />White
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