3.0. SR 12-06-1999 - Laserfiche WebLink

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. . . adopted 1999 budget. This budget category represents 1.97 percent of the total general fund revenues. The licenses and permits revenue category is projected in the amount of $478,100. This represents a $126,950 or 36.15 percent increase over the adopted 1999 budget. The licenses and permits revenue category represents 8.16 percent of the total general fund revenues. Last year this revenue category represented 6.55 percent of the total revenues. The main reason why this revenue category increased is due to growth related activities and estimates being low in 1999. In 2000, building permit revenues are projected to increase by $115,700 and plumbing/heating permits are projected to increase $11,250 with both projections being based on 90 percent of actual 1998 figures. The other revenues are projected in the amount of $92,700. This represents a $14,450 or 18.47 percent increase over the adopted 1999 budget. This revenue category represents 1.58 percent of the total general fund revenues. The increase in this category is due to additional interest income. Transfers are projected in the amount of $321,400. This represents a $33,400 or 9.41 percent decrease from the adopted 1999 budget. This revenue category represents 5.48 percent of the total general fund revenues. Almost all of the change in this category is related to the LGA revenue increase. In 1999, reserves were used to make up LGA losses and in 2000, all but $3,900 of these losses have been eliminated. This results in a transfer decrease of $36,650. The two largest transfers are the $110,000 from municipal liquor operation and the $90,000 from the municipal utilities. The $20,000 equipment and program reserve is from the D.A.R.E. fund to help offset the decrease in the school liaison program. It is a good policy for the city to not become dependent on annually using the un designated fund balance in order to balance the operating budget. In 1999, the city used $25,000 of the un designated fund balance for the budget and in 2000 this revenue source is not being used. As always, the city has attempted to be realistic in making projections for 2000 revenues. Many issues could cause variations in the actual revenues received, and this is especially true for the growth related revenues such as the building permits, plan check fees, administrative project fees, etc. All of these growth related revenues are projected at their highest level ever and will be carefully monitored. In review, staff believes that general fund revenues of $5,862,500 will be received in 2000 and will be sufficient in order to provide adequate municipal programs and services for the Elk River residents and property owners. 5: \fmance \ budget \ gfrev-OO.doc 3