FY2014 Recommended Budget - City of Surprise

Public Works Development Fee
FY2013 FY2014 $ %
Estimate Adopted Inc/(Dec) Inc/(Dec)
247,300 204,100 (43,200) -17%
Description
This source reflects one-time impact fees (latest revision effective 01/01/2012) charged to developers to recover costs associated
with providing public works facilities and services to the community. This revenue is collected specifically to fund growth related
projects and activities. Authorized under A.R.S. 9-463.05 and city ordinance # 07-23. These revenues are recorded in the public
works development impact fee fund.
FY2013
Actuals FY2008 FY2009 FY2010 FY 2011 FY2012 Adopted
Revenue Collected 4,375,942 982,080 563,728 583,670 314,957 37,300
Forecast Assumptions
The revenue forecast for FY2013 is based on estimates from the Community and Economic Development Department of the number
of single family residential permits issued and the square feet of non-single family residential permits issued. The 2014-2016 permits
issued for single family residential permits were based on the conservative forecast estimates in the Elliot Pollack - City of Surprise
Economic Conditons Report dated March 2012. FY2017 single family residential permits issued was a conservative estimate by the
Finance dept based on the growth patterns from the Elliot Pollack Study. Non-single family residential permits include multi-family,
office/institution, and commercial/customer service. This source has been decreasing due to reduced construction activity from the
current recession. CED estimated FY2013 and years FY2014-2017 were conservative estimates done by Finance based on the
FY2013 estimate.
FY2013
Forecast Estimate FY2014 FY2015 FY2016 FY2017 FY2018
Projected Revenue 247,300 204,100 242,600 316,300 375,100 401,800
Millions
$5.0
$4.5
$4.0
$3.5
$3.0
$2.5
$2.0
$1.5
$1.0
$0.5
$0.0
FY2008 FY2009 FY2010 FY 2011 FY2012 FY2013
Adopted
FY2013
Estimate
General Government Development Fee
FY2013 FY2014 $ %
Estimate Adopted Inc/(Dec) Inc/(Dec)
559,300 537,400 (21,900) -4%
FY2014 FY2015 FY2016 FY2017 FY2018
Description
This source reflects one-time impact fees (latest revision effective 01/01/2012) charged to developers to recover costs associated with
general government activities. This revenue is collected specifically to fund growth related activities. Authorized under A.R.S. 9-463.05 and
city ordinance # 07-24. These revenues are recorded in the general government development impact fee fund.
FY2013
Actuals FY2008 FY2009 FY2010 FY 2011 FY2012 Adopted
Revenue Collected 1,415,217 696,479 724,286 468,620 (245,393) 2,430,100
Forecast Assumptions
The revenue forecast for FY2013 is based on estimates from the Community and Economic Development Department of the number of
single family residential permits issued and the square feet of non-single family residential permits issued. The 2014-2016 permits issued for
single family residential permits were based on the conservative forecast estimates in the Elliot Pollack - City of Surprise Economic
Conditons Report dated March 2012. FY2017 single family residential permits issued was a conservative estimate by the Finance dept
based on the growth patterns from the Elliot Pollack Study. Non-single family residential permits include multi-family, office/institution, and
commercial/customer service. This source has been decreasing due to reduced construction activity from the current recession. CED
estimated FY2013 and years FY2014-2017 were conservative estimates done by Finance based on the FY2013 estimate.
Forecast
FY2013
Estimate FY2014 FY2015 FY2016 FY2017 FY2018
Projected Revenue 559,300 537,400 769,400 1,216,200 1,573,100 1,735,100
Millions
$3.0
$2.5
$2.0
$1.5
$1.0
$0.5
$0.0
($0.5)
FY2008 FY2009 FY2010 FY 2011 FY2012 FY2013
Adopted
36
FY2013
Estimate
FY2014 FY2015 FY2016 FY2017 FY2018