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TO: MAYOR AND CITY COUNCIL <br />FROM: MALCOLM FLEMING <br />CITY MANAGER <br />DATE: JUNE 15, 2009 <br />SUBJECT: REVENUE TREND DASHBOARD <br />ORIGINATING <br />DEPARTMENT: FINANCE <br />SUMMARY: <br />Attached are copies of two revenue trend "dashboards" with projections dated June 11, 2009. <br />The first dashboard contains all City revenue sources greater than $100,000. For each <br />revenue source, a 2009 trend (projection) is compared to the 2009 budget and to the 2008 <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 />The dashboards indicate that some revenue sources continue to deteriorate. Sales Tax <br />revenue for 2009 (excluding the new Historic Preservation Tax) is currently projected to decline <br />by 6% from 2008. Building related revenue is expected to decline by greater percentages. <br />Building Use Tax revenue is projected to decline by 26% and Construction Permit revenue is <br />projected to decline by 40% from 2008. <br />Total General Fund Revenue for 2009 is currently projected at $12,955,820. This represents a <br />$1,065,750 (7.6 negative variance from the 2009 budget and a $1,039,060 (7.4 negative <br />variance from 2008 actual. <br />L L SUBJECT Revenue Trend Dashboard AGENDA ITEM <br />