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04-10-10 Special Called City Council Retreat Meeting
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04-10-10 Special Called City Council Retreat Meeting
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City Meetings
Meeting Body
City Council
Meeting Doc Type
Agenda
Date
4/10/2010
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<br />3/26/2010 <br /> <br /> General Fund <br />Statement of Revenues, Expenditures and Changes in Fund Balances <br />For the Fifth Month Ended February 28, 2010 with Comparative Data for the Prior Year <br /> 42% of Year Lapsed <br /> Current Year Prior Year <br /> Actual Percent of A<tual Percent of <br /> Bud.et Year to Date Variance Budeet Bud-et Year to Date Budeet <br />OTHER FINANCING SOURCES (USES) <br />T ransfurs in 460,271 191,780 (268,491) 41.67'10 460,719 191,96641.67'10 <br />Transfurs out (1,091,876) (454,948) 636,92841.67'/. (6,612,896) (2,780,842) 42.05% <br />Total olher financing sources (uses) (631,605) (263,168) 368,43741.67'10 (6,152,177) (2,588,876\42.08% <br />Net change in fimd baIances (96,463) 15,815,227 15,91\,690 (3,004,624) 14,179,030 <br />FUld baIances-beginn 13,954,029 13,954,029 13947981 13,947981 <br />FUld baIances--eldin S 13,857,566 $ 29,769;156 $ 15,91\,690 $ 10,943,357 $ 28,127,011 <br /> <br />General Fund Long Range Financial Plan <br />Assumptions - Revenues <br /> <br />Property tax at 97.5% collection rate 2.00% <br />(FY 2010-11 projection Jlat based on information from Harris County appraiser. Fiscal <br />years 2012-2021 percentages based on current economic conditions and historical <br />growth rate in the out years) <br /> <br />Industrial Payments (In Lieu) <br />(FY 2010-11 decline based on potential loss of revenue due to bankruptcies. <br />Values added back infiscal years 2013.2021) <br />Sales tax (FY 2010-11 no growth projected; 2% growth in m012-2021) <br />Franchise Fees <br />Miscellaneous Taxes (Mixed Beverage Tax) <br />Licenses and Permits <br />Fines & Forfeits <br />Charges for Service <br />Parks and Recreation <br />Recreation & Fitness Center <br />Interest Earnings <br />(FY 2010-11 decline based on current economic conditions <br />and the decline in the overnight rate; out years projecting 2% growth) <br /> <br />1.00% <br /> <br />2.00% <br />2.50% <br />2.00% <br />2.00% <br />3.00% <br />2.00% <br />2.00% <br />2.00% <br />2.00% <br /> <br />5 <br />
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