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LL �t�'.t'f FINANCE COMMITTEE <br />Loll sville COMMUNICATION <br />COLORADO • SINCE 1878 <br />SUBJECT: REVENUE PROJECTION DASHBOARD — PROJECTIONS <br />DATED SEPTEMBER 17, 2021 <br />DATE: SEPTEMBER 27, 2021 <br />PRESENTED BY: KEVIN WATSON, FINANCE <br />SUMMARY: <br />Attached are two revenue projection dashboards with 2021 revenue projections dated <br />September 17, 2021. The date of the projections are the date of the Finance <br />Department's last review. The date does not pertain to the date of projections received <br />from other departments. <br />The first dashboard contains most City-wide revenue sources totaling approximately <br />$100,000 or more per year. For each revenue source, a 2021 annual projection is <br />compared to the 2021 amended annual budget and to the 2020 actual annual amount. <br />Variances are expressed in both dollar amounts and percentages. Positive variances <br />exceeding $100,000 and/or 5% are highlighted in rrPar . Negative variances exceeding <br />$100,000 and/or 5% are highlighted in <br />The second dashboard is similar to the first, but contains only General Fund revenue <br />sources totaling approximately $100,000 or more per year. This dashboard also includes <br />the latest projection of total General Fund revenue at the bottom. Please note, for <br />comparison purposes, the 2021 budget and the 2021 projection excludes any of the <br />American Rescue Plane Act (ARPA) funding. <br />Most of the projections are based on a simple trend analysis using actual collections <br />during the first eight (8) months of the year. For some revenue sources, projections are <br />based on forecasts made by the departments that assess and/or collect the revenue. <br />These projections are highlighted in orange. In all other cases, projections are based on <br />the Finance Department's trend analysis. <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 Utility User Fees are based on forecasts from the Public Works <br />Department. <br />FINANCE COMMITTEE COMMUNICATION <br />