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SUBJECT: REVENUE ASSUMPTIONS & EXPENDITURE TARGETS
<br />DATE: JULY 23, 2021
<br />PAGE2OF5
<br />City of Louisville, Colorado
<br />2021 Revenue Projection Dashboard -All Funds
<br />Projections As Of July 15, 2021
<br />Revenue 2021 2021 Variance 2020 2021 Variance
<br />Category Budget Projection Amount Percent Actual Projection Amount Percent
<br />Property Tax 5,530,060 6,619,890 (10,160) -0.2% 5,441,278 6,619,890 78.612 1.4%
<br />Sales Tax 16,007,490 17,328,890 I 15,753,538 17,328,890 1,575,352 10.0%
<br />Consumer Use Tax 1,709,960 1,699,480 (10,480) -0.6% 1,658,024 1,699,480 41,456 2.5°a
<br />Auto Use Tax 1,497,390 1,747,510 I 1,619,565 1,747,510 945 15.0%
<br />Building Use Tax 1,896,860 1,797,570 (99,290) 1,703,698 1,797,570 93,872 5.5%
<br />Lodging Tax 227,360 200,810 (26,550) 182,557 200,810 18,253 10.0%
<br />Specific Ownership Tax 247,320 294,770 47,450 19.2 275,487 294,770 19,283 F 7.O%
<br />Franchise & Telephone Tax 1,014,470 1,079,590 65,120 6.4 1,011,685 1,079,590 67,905 6.7%
<br />Marijuana Tax 170,860 198,100 27,250 15.9 180,091 198,100 18,009 10.0%
<br />Construction Permits 1,047,000 862,550 1 786,420 862,556 76,130 9.7%
<br />Court Fines 115,610 68,220 (47,290) 85,275 68,220 (17,055) L0%
<br />Highway Users Tax 554,480 554,480 - 0.0% 558,725 554,480 (4.245) -0.8°a
<br />Rec Ctr Membership Fees 570,990
<br />901,120
<br />'330,130 57. 600,148
<br />901,120
<br />300,972 50.1%
<br />Rec Ctr Daily User Fees 47,730
<br />109,400
<br />61.670 129.2% 54,125
<br />109,400
<br />55.275 102.1%
<br />Rec Ctr Swim Lessons 15,660
<br />47,090
<br />31,430 200.7% 20,794
<br />47,090
<br />26.296 126.5%
<br />Rec Ctr Youth Activity Fees 72,000
<br />247,960
<br />175,960 244.4% 100,972
<br />247,960
<br />M. 146,988 145.6%
<br />Rec Ctr Youth Sports Fees 36,370
<br />111,380
<br />75.010 206.2
<br />33,097
<br />111,380
<br />78.283 236.5%
<br />State Lottery Proceeds 227,200
<br />251,560 24.360 10.7
<br />218,749 251,560 32.811 15.0%
<br />Impact Fees 661,550
<br />226,000 (435,550) -
<br />610,561 226,000 384,561) -63.0%
<br />Water User Fees 5,890,000
<br />5,896,120
<br />120 0.0% 6,767,536 6,890,120 (867,416)
<br />Water Tap Fees 2,994,530
<br />1,550,300
<br />L (1,444,230} M 2,148,976 1,550,300 (598,67. iii
<br />Wastewater User Fees 3,800,000
<br />3,819,850
<br />19,850 0.5% 4,018,515 3,819,850 -4.9%
<br />Wastewater Tap Fees 319,500
<br />150,000
<br />I 245,560 160,000 (95,560)
<br />Storm Water User Fees 984,000
<br />991,000
<br />7,000 0.7% 979,964 991,000 11,036 1.1%
<br />Golf Course Operating Revenue ' 1,856,860
<br />2,142,410
<br />MI285,550 ' 1,932,209 2,142,410
<br />Solid Waste & Recycling Fees 1,418,970
<br />1,418,970
<br />- 0.0% 1,413,012 1,418,970 5,958 0.4%
<br />Orange
<br />White
<br />= Department Projection
<br />= Positive Variance exceeding $100,000 and/or 5%
<br />= Neutral Variance within $100,000 and/or 5%
<br />= Negative Variance exceeding $100,000 and/or 5%
<br />All projections for building -related revenue are based on forecasts from the Planning &
<br />Building Safety Department. Building -related revenue includes Building Use Tax,
<br />Construction Permits, Impact Fees, and Utility Tap Fees. The Public Works Department
<br />assisted with the projections for tap fees.
<br />All projections for Recreation Center Fees and Golf Course Fees are based on forecasts
<br />from the Parks & Recreation Department.
<br />All projections for Utility User Fees are based on forecasts from the Public Works
<br />Department.
<br />CITY COUNCIL COMMUNICATION
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