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COUNCIL COMMUNICATION <br />TO: MAYOR AND CITY COUNCIL <br />FROM: MALCOLM FLEMING, CITY MANAGER <br />DATE: OCTOBER 18, 2010 <br />SUBJECT: REVENUE TREND DASHBOARD – OCTOBER 14, 2010 PROJECTIONS <br />ORIGINATING <br />DEPARTMENT: FINANCE <br />SUMMARY: <br />Attached are copies of two revenue trend “dashboards” with projections for 2010 dated October <br />14, 2010. <br />The first dashboard contains all City revenue sources greater than $100,000. For each <br />revenue source, a 2010 trend (projection) is compared to the 2010 budget and to the 2009 <br />actual amount. Variances are expressed in both dollar amounts and percentages. Positive <br />variances exceeding $100,000 and/or 5% are colored in green. Negative variances exceeding <br />$100,000 and/or 5% are colored in red. <br />The second dashboard is the same as the first, but contains only General Fund revenue <br />sources. This dashboard also includes the latest projection of total General Fund revenue. <br />Projections are based on amounts actually received during the first nine months of the year. <br />These current projections are very similar to the projections made in September, but there have <br />been some minor adjustments. Auto Use Tax, Building Use Tax, Franchise Tax, Lodging Tax, <br />Court Fines, and State Lottery Proceeds have all been adjusted slightly . Recreation <br />upward <br />Center Youth Activity Fees, Wastewater User Fees, and Storm Water User Fees have all been <br />adjusted slightly . <br />downward <br />Total General Fund Revenue for 2010 is currently projected at $13,498,340. This represents a <br />$801,890 (6.3%) variance from the 2010 budget and a $353,571 (2.7%) <br />positiveamended <br /> variance from 2009 actual. <br />positive <br />SUBJECT AGENDA ITEM <br />Revenue Trend Dashboard <br />October 14, 2010 Projections <br />