FY2014 Recommended Budget - City of Surprise
FY2014 Recommended Budget - City of Surprise
FY2014 Recommended Budget - City of Surprise
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Roads <strong>of</strong> Regional Significance<br />
FY2013 <strong>FY2014</strong> $ %<br />
Estimate Adopted Inc/(Dec) Inc/(Dec)<br />
27,400 27,400 0 0%<br />
Description<br />
This source reflects one-time impact fees (latest revision effective 01/01/2012) charged to developers to recover costs associated with roads<br />
<strong>of</strong> regional significance. This revenue is collected specifically to fund growth related projects and activities. Authorized under A.R.S. 9-463.05<br />
and city ordinance # 07-25. This fee was initiated in FY2008. These revenues are recorded in the roads <strong>of</strong> regional significance development<br />
impact fee funds.<br />
FY2013<br />
Actuals FY2008 FY2009 FY2010 FY 2011 FY2012 Adopted<br />
Revenue Collected 1,052,698 375,264 109,533 258,570 23,746 11,600<br />
Forecast Assumptions<br />
Based on estimates from the Community and Economic Development Department <strong>of</strong> the number <strong>of</strong> single family residential permits issued<br />
and the square feet <strong>of</strong> non-single family residential permits issued, no permit activity is forecasted for FY2013 in SPA's 2,3,4,5, and 6. The<br />
2014-2016 permits issued for single family residential permits were based on the conservative forecast estimates in the Elliot Pollack - <strong>City</strong> <strong>of</strong><br />
<strong>Surprise</strong> Economic Conditions Report dated March 2012. FY2017 single family residential permits issued was a conservative estimate by the<br />
Finance Department based on the growth patterns from the Elliot Pollack Study. Non-single family residential permits include multi-family,<br />
<strong>of</strong>fice/institution, and commercial/customer service. This source has been decreasing due to reduced construction activity from the current<br />
recession. CED estimated FY2013 and years <strong>FY2014</strong>-2017 were conservative estimates done by Finance based on the FY2013 estimate.<br />
Forecast<br />
FY2013<br />
Estimate <strong>FY2014</strong> FY2015 FY2016 FY2017 FY2018<br />
Projected Revenue 27,400 27,400 44,100 55,200 105,200 127,400<br />
Millions<br />
$1.2<br />
$1.0<br />
$0.8<br />
$0.6<br />
$0.4<br />
$0.2<br />
$0.0<br />
FY2008 FY2009 FY2010 FY 2011 FY2012 FY2013<br />
Adopted<br />
FY2013<br />
Estimate<br />
Water Replenishment Development Fee<br />
FY2013 <strong>FY2014</strong> $ %<br />
Estimate Adopted Inc/(Dec) Inc/(Dec)<br />
319,900 371,900 52,000 16%<br />
<strong>FY2014</strong> FY2015 FY2016 FY2017 FY2018<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 replenishment related facilities and services to the community. This revenue is collected specifically to fund growth related<br />
projects and activities. Authorized under A.R.S. 9-463.05 and city ordinance # 07-15. These revenues are recorded in the water replenishment<br />
development impact fee funds.<br />
Actuals FY2008 FY2009 FY2010 FY 2011 FY2012<br />
FY2013<br />
Adopted<br />
Revenue Collected<br />
Forecast Assumptions<br />
1,293,265 331,673 106,581 234,857 264,828 156,600<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<br />
FY2013<br />
Estimate <strong>FY2014</strong> FY2015 FY2016 FY2017 FY2018<br />
Projected Revenue<br />
$1.4<br />
319,900 371,900 423,900 475,900 527,900 579,900<br />
Millions<br />
$1.2<br />
$1.0<br />
$0.8<br />
$0.6<br />
$0.4<br />
$0.2<br />
$0.0<br />
38<br />
FY2008 FY2009 FY2010 FY 2011 FY2012 FY2013<br />
Adopted<br />
FY2013<br />
Estimate<br />
<strong>FY2014</strong> FY2015 FY2016 FY2017 FY2018