2011 The City of Kelsey Accumulated $42,479,925 in total revenue 2012 City Management has predicted...
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![Page 1: 2011 The City of Kelsey Accumulated $42,479,925 in total revenue 2012 City Management has predicted generated revenue estimates of $43,500,000.](https://reader035.fdocuments.in/reader035/viewer/2022070323/56649de05503460f94ad99e3/html5/thumbnails/1.jpg)
Tax Revenue Predictions for The City Of Kelsey
By: Samuel T. WeekleyQNT 562
Dr. Lester ReamsNovember 6, 2011
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Population and revenue
2011 201242,200,000
42,300,000
42,400,000
42,500,000
42,600,000
42,700,000
42,800,000
42,900,000
43,000,000
43,100,000
Estimated Generated Revenue
Estimated Generated Revenue
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Population Trend
Tota
l Pop
ulat
ion
Popu
latio
n 16
+
Empl
oyed
-Civ
ilian
Labo
r
Armed
For
ces
Tota
l pay
ing
taxe
s
0
100000
200000
300000
400000
500000
600000
700000
20112012 estimates
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Estimated Revenue Increase
2011
2012
4150000042000000
4250000043000000
43500000
Revenue Estimation
Revenue Estimation
2011 The City of KelseyAccumulated $42,479,925 in total revenue
2012City Management has predicted generated revenue estimates of $43,500,000
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Estimated Revenue Increase Cont’d
Revenue Sources 2011 2012
Sales Tax $31,625,959 $31,880,978
Property Tax $7,468,271 $7,723,290
Franchise Tax $485,695 $740,714
Highway User Tax $2,900,000 $3,155,019
Totals $42,479,925 $43,500,000
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Estimated Revenue Increase Cont’d
Major Sources of Revenue
o Sales Taxo Property Taxo Franchise Taxo Highway User Tax
Sale
s Ta
x
Prop
erty
Tax
Fran
chise
Tax
Hwy
User T
ax
Tota
l
0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
45,000,000
20112012Series3
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Highway User Tax
Highway User Taxes
1. HURF funding2. $.05 fuel tax3. Motor carrier fees4. Vehicle license taxes5. Vehicle registration fees6. Other transportation related fees
Fuel
Tax
Motor
Car
rier
Licen
se ta
x
Registra
tion
Other
HURF
TOTA
L0
1000000
2000000
3000000
4000000
5000000
6000000
7000000
2011
2011
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HURF Contribution
HURF statewide fund: $290 million in previous FY
Kelsey share = $ 3 million
HURF = special revenue fund
Funding allocated to Kelsey Public Works
Used for highway construction projects, and maintenance
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Personal Services
In previous FY Kelsey personal services consumed 80% of generated revenue from:
1. Sales Tax2. Property Tax3. Franchise Tax
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Personal Services Cont’d
Polic
eFir
e
Comm
unity
Ser
vice
s
Mayor
/Cou
ncil
City M
anag
er
Devel
opm
ent S
ervi
ces
Admin
Ser
vice
s0
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
14,000,000
16,000,000
20112012
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Conclusion
•Fiscal responsibility•Teamwork and diligence•Accurate spending trends = accurate budget
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References
Apollo Group, Inc. (2007, 2009, 2011); City of Kelsey City Government, Census 2000, City Of Kelsey CAFR; Retrieved November 5, 2011 QNT/562 https//ecampus.phoenix.edu/secured