FY2014 Recommended Budget - City of Surprise
FY2014 Recommended Budget - City of Surprise
FY2014 Recommended Budget - City of Surprise
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Parks and Recreation Development Fee<br />
FY2013 <strong>FY2014</strong> $ %<br />
Estimate Adopted Inc/(Dec) Inc/(Dec)<br />
376,600 533,600 157,000 42%<br />
Description<br />
This source reflects one-time impact fees (latest revision effective 01/01/2012) charged to developers to recover costs associated with<br />
providing parks and recreation facilities and services to the community. This revenue is collected specifically to fund growth related projects<br />
and activities. Authorized under A.R.S. 9-463.05 and city ordinance # 07-20. These revenues are recorded in the parks & recreation<br />
development impact fee fund.<br />
FY2013<br />
Actuals FY2008 FY2009 FY2010 FY 2011 FY2012 Adopted<br />
Revenue Collected<br />
Forecast Assumptions<br />
2,135,316 10,194,834 1,148,245 448,517 530,867 220,700<br />
The revenue forecast for FY2013 is based on estimates from the Community and Economic Development Department <strong>of</strong> the number <strong>of</strong><br />
single family residential permits issued. The 2014-2016 permits issued for single family residential permits were based on the conservative<br />
forecast estimates in the Elliot Pollack - <strong>City</strong> <strong>of</strong> <strong>Surprise</strong> Economic Conditons Report dated March 2012. FY2017 single family residential<br />
permits issued was a conservative estimate by the Finance dept based on the growth patterns from the Elliot Pollack Study.<br />
Forecast<br />
FY2013<br />
Estimate <strong>FY2014</strong> FY2015 FY2016 FY2017 FY2018<br />
Projected Revenue 376,600 533,600 887,600 1,418,300 1,842,200 2,034,500<br />
Millions<br />
$12.0<br />
$10.5<br />
$9.0<br />
$7.5<br />
$6.0<br />
$4.5<br />
$3.0<br />
$1.5<br />
$0.0<br />
FY2008 FY2009 FY2010 FY 2011 FY2012 FY2013<br />
Adopted<br />
FY2013<br />
Estimate<br />
Water Development Fee<br />
<strong>FY2014</strong> FY2015 FY2016 FY2017 FY2018<br />
FY2013 <strong>FY2014</strong> $ %<br />
Estimate Adopted Inc/(Dec) Inc/(Dec)<br />
630,100 1,277,700 647,600 103%<br />
Description<br />
This source reflects one-time impact fees (latest revision effective 01/01/2012) charged to developers to recover costs associated with<br />
providing water related facilities and services to the community. This revenue is collected specifically to fund growth related projects and<br />
activities. Authorized under A.R.S. 9-463.05 and city ordinance # 07-16. These revenues are recorded in the water development impact fee<br />
FY2013<br />
Actuals FY2008 FY2009 FY2010 FY 2011 FY2012 Adopted<br />
Revenue Collected<br />
Forecast Assumptions<br />
2,563,283 803,622 193,651 331,513 461,387 281,700<br />
The revenue forecast is based on estimates from the Community and Economic Development Department <strong>of</strong> the number <strong>of</strong> single family<br />
residential permits issued and the square feet <strong>of</strong> non-single family residential permits issued. Non-single family residential permits include<br />
multi-family, <strong>of</strong>fice/institution, and commercial/customer service. This source has been decreasing due to reduced construction activity from<br />
the current recession.<br />
Forecast Forecast<br />
FY2013<br />
Estimate <strong>FY2014</strong> FY2015 FY2016 FY2017 FY2018<br />
Projected Revenue 630,100 1,277,700 2,137,700 3,454,200 4,505,900 4,983,000<br />
Millions<br />
$6.0<br />
$4.5<br />
$3.0<br />
$1.5<br />
$0.0<br />
37<br />
FY2008 FY2009 FY2010 FY 2011 FY2012 FY2013<br />
Adopted<br />
FY2013<br />
Estimate<br />
<strong>FY2014</strong> FY2015 FY2016 FY2017 FY2018