Page 59 - FY 24 Budget Forecast at Adoption.xlsx

Licenses and permits: FY 2023-24 Budget $651,103
% of Fund Revenue 1.5 %

Compared to $ Growth % Growth
FY 2022-23 Budget $(385,146) (37.2) %
FY 2022-23 Projection $46,514 7.7 %

Licenses and permits include building permits and fees, plumbing permits, mechanical permits, electrical
permits, fence permits, and sign and other miscellaneous permits. Overall, development activity appears
to be decreasing as the city reaches buildout, however, fees increased in FY 2022-23 to be more in-line
with comparison cities. The major revenue item in this category is building permits, which are projected
to be $531,207 in FY 2023-24 a decrease of $231,498 from the FY 2022-23 budget.

Charges for Services: FY 2023-24 Budget $1,627,685
% of Fund Revenue 3.7 %

Compared to $ Growth % Growth
FY 2022-23 Budget $114,093 7.5 %
FY 2022-23 Projection $(111,896) (6.4) %

Charges for services include revenues from ambulance services, use of city property (park and facility
rentals, and communications tower leases) and Town Center Property Owner Association fees.
Ambulance services account for $1,085,559 of the total for FY 2023-24. The city uses three-year
averaging for these service charges to create revenue estimates for the upcoming year. Year-end
projections for some revenues are up from FY 2022-23 budget due to the three-year average and trend
data, in particular ambulance fees and communication tower rentals. The year-end projection was used
to create the FY 2023-24 budget.

Fines and Fees: FY 2023-24 Budget $662,550
% of Fund Revenue 1.5 %

Compared to $ Growth % Growth
4.4 %
FY 2022-23 Budget $27,769 (0.9) %
FY 2022-23 Projection
$(5,988)

Fines and fees include Municipal Court fines, false alarm fees, animal control fees, inspection fees and
construction plan review fees. Municipal Court fines from Class C misdemeanor violations occurring within
the city limits comprise the majority of the revenue category and have been decreasing.

FY 2023-24 Budget $187,462
Development Fees: % of Fund Revenue 0.4 %

Compared to $ Growth % Growth
FY 2022-23 Budget $(38,996) (17.2) %
FY 2022-23 Projection $(44,183) (19.1) %

Development Fees include paving and drainage inspection, construction plan review, zoning and
subdivision fees, and developer fees for street lighting. Generally, the city uses three-year averaging for
these service charges to create revenue estimates for the upcoming year. FY 2023-24 reflects a decrease
in construction plan review fees based upon the three-year average.

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