Page 48 - Microsoft Word - FY 2021 tax info sheet

FY 2021-22 STATISTICAL ANALYSIS

This statistical analysis summarizes the FY 2021-22 Adopted Budget by providing a summary of the
revenue and expenditures of the city’s various funds, and a comparison to FY 2020-21 budget and year-
end projections.

GENERAL FUND

Revenue Assumptions: General Fund Revenues

The budget takes a conservative Intergovernmental Intragovernmental Other
approach in dealing with revenues, 8.7% 4.0% Revenue
especially growth-oriented revenues. 0.5%
Adopted revenues for FY 2021-22 are Charges for
$40,363,799, and assume an overall Services
increase of 2.0% over the FY 2020-21 3.5%
budget and an overall increase of 1.3% Licenses
from FY 2020-21 projections. The city’s and Permits
General Fund operations are derived 2.0%
from eight major revenue categories, Property
with ad valorem tax being the largest Fines and Taxes
category at 50.2% and sales and other Fees 50.2%
taxes the second largest at 28.6%. The 2.0%
pie chart shows the revenue Development
percentage breakdown by category, Fees
and the bar graph shows the growth of 0.4%
ad valorem tax, sales and all other
revenues over five years.
Sales Tax &
Other Taxes
28.6%

20,000,000
18,000,000
16,000,000
14,000,000
12,000,000
10,000,000
8,000,000

6,000,000
4,000,000
2,000,000
‐
FY 2017‐18 FY 2018‐19 FY 2019‐20 FY 2020‐21 FY 2020‐21 FY 2021‐22
Actual Actual Actual Budget YE Proj. Proposed
Budget
Property Tax Sales Tax Other Revenue

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