City Council Agenda and Packet 2018 07 12 SP BUDGET

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SUBJECT: BUDGET RETREAT DATE: JULY 12, 2018 PAGE 6 OF 17 Summary of Revenue Aciunls and Assumptions for MO- Revenue Sources 2016-2124 Revenue Category Taxes: Sales Tax Property Tax Use Tax - Consumer Use Tax - Auto Use Tax - Building Materials Franchise Taxes Lodging Tax Specific Ownership Tax Licenses & Permits: Construction Permits Minor Building -Related Permits Intergovernmental Revenue: Highway Users Tax State Lottery Marijuana Tax Charges for Services: Water User Fees Water Tap Fees Wastewater User Fees Wastewater Tap Fees Storm Water User Fees Solid Waste User Fees Recreation Center Fees Golf Course User Fees Developer Impact Fees Fines & Forfeitures: Court Fines 2018 Estimate 15,840,030 5,587,900 1,740,100 1,630,130 2,080,780 1,498,630 527,200 228,650 939,510 189,664 799,140 200,420 162,830 5,956,260 3,138,310 3,523,990 373,320 763,940 1,699,210 1,731,740 1,630,890 515,040 69,620 2016 2017 2018 Percent of Change 2019 2020 2021 2022 2023 2024 6.3% 13.2% 8.5% 4.0% 4.0% 4.0% 4.0% 16.3% 1.8% 54.1% -9.3% 6.2% 0.6% 4.9% 27.4% -9.7% 4.3% 0.0% 0.0% 0.0% 0.0% - 1.1% 9.7% 9.5% 5.0% 4.5% 4.5% 4.0% 26.7% -8.9% 14.1% -5.7% 28.8% -22.6% -41.0% - 2.2% 2.0% 1.9% 1.9% 1.9% 1.9% 1.9% 6.5% 3.3% 2.0% 2.0% 2.0% 2.0% 2.0% 10.2% 11.0% 7.5% 5.0% 4.5% 4.5% 4.0% 60.3% -32.5% -11.0% 44.3% -54.2% 2.0% 4.0% 4.0% 0.2% 3.0% 0.0% 0.0% 4.0% 3.0% -16.9% -2.0% 1.9% 1.9% 2.0% 2.0% 4.0% 3.0% 2.8% 13.4% -16.2% -27.0% -12.0% -2.0% 2.4% 2.4% 2.4% 2.4% 2.4% 2.4% 0.0% 0.9% 26.3% -13.1 % -6.1 % 1.0% 1.0% 19.3% -10.3% 0.0% 0.0% 0.0% 0.0% 0.0% 65.1% 25.1% 15.0% 10.0% 7.5% 5.0% 5.0% 25.1 % -0.6% 2.0% 153.3% -34.3% -32.6% 11.4% 12.2% 4.7% 260.7% -40.5% -54.4% - 1.3% 5.2% 4.7"% 3.9"% 4.8"% 5.0% 2.8% -0.9% -10.5% 85.7% 8.0% 6.2% 42.8% -60.1 % -15.0% 1.0% 1.0% 0.0% 0.0% 5.0% 5.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 4.6% -19.1% -48.4% -73.3% -7o.3% 0.0% 6.9% 6.9% 6.9% 6.9% 6.9% 6.9% 25.8% -22.9% -52.6% -63.6% -73.7% 0.0% 7.0% 4.9% 4.0% 4.0% 4.0% 1.3% 2.4% 2.7% 2.4% 2.7% 2.5% 2.8% 34.8% 12.'3% 4.7% 4.7% 4.7% 4.8% 3.9% 3.7% 2.6% 1.5% 2.3% 2.4% 48.8% -3.5% -48.8% -62.9% -100.0% 29.2% -1.2% 3.0% 3.0% 2.0% 1.0% 1.0% 1.0% 1.0% Highlighted categories ere impacted by the new Recreation Center Sales Tax (0.15%), effective 2018. The next table contains a summary of the more significant 2018 expenditure estimates and 2019-2024 expenditure targets. The term targets is used, rather than the term assumptions, to denote that, in most cases, the City has much more control over its annual expenditures than its annual revenue. These estimates and targets are used to develop the fund financial forecasts discussed later in this document. CITY COUNCIL COMMUNICATION 7