FY2014 Recommended Budget - City of Surprise
FY2014 Recommended Budget - City of Surprise
FY2014 Recommended Budget - City of Surprise
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Police Development Fee<br />
FY2013 <strong>FY2014</strong> $ %<br />
Estimate Adopted Inc/(Dec) Inc/(Dec)<br />
275,000 236,300 (38,700) -14%<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 police facilities and services to the community. This revenue is collected specifically to fund growth related activities. Authorized<br />
under A.R.S. 9-463.05 and city ordinance # 07-21. These revenues are recorded in the police development impact fee fund.<br />
FY2013<br />
Actuals FY2008 FY2009 FY2010 FY 2011 FY2012 Adopted<br />
Revenue Collected 829,097 403,718 636,843 215,053 281,129 107,300<br />
Forecast Assumptions<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 and the square feet <strong>of</strong> non-single family residential permits issued. The 2014-2016 permits issued for<br />
single family residential permits were based on the conservative forecast estimates in the Elliot Pollack - <strong>City</strong> <strong>of</strong> <strong>Surprise</strong> Economic<br />
Conditons Report dated March 2012. FY2017 single family residential permits issued was a conservative estimate by the Finance dept<br />
based on the growth patterns from the Elliot Pollack Study. Non-single family residential permits include multi-family, <strong>of</strong>fice/institution, and<br />
commercial/customer service. This source has been decreasing due to reduced construction activity from the current recession. CED<br />
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<br />
$1.5<br />
275,000 236,300 403,600 654,400 854,800 945,600<br />
Millions<br />
$0.8<br />
$0.0<br />
FY2008 FY2009 FY2010 FY 2011 FY2012 FY2013<br />
Adopted<br />
FY2013<br />
Estimate<br />
Library Development Fee<br />
<strong>FY2014</strong> FY2015 FY2016 FY2017 FY2018<br />
FY2013 <strong>FY2014</strong> $ %<br />
Estimate Adopted Inc/(Dec) Inc/(Dec)<br />
116,900 136,500 19,600 17%<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 library facilities and services to the community. This revenue is collected specifically to fund growth related projects and activities.<br />
Authorized under A.R.S. 9-463.05 and city Ordinance # 07-19.<br />
FY2013<br />
Actuals FY2008 FY2009 FY2010 FY 2011 FY2012 Adopted<br />
Revenue Collected 572,848 176,261 168,784 142,137 141,187 56,900<br />
Forecast Assumptions<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 116,900 136,500 196,400 286,400 358,200 390,800<br />
Millions<br />
$0.9<br />
$0.6<br />
$0.3<br />
$0.0<br />
FY2008 FY2009 FY2010 FY 2011 FY2012 39<br />
FY2013<br />
Adopted<br />
FY2013<br />
Estimate<br />
<strong>FY2014</strong> FY2015 FY2016 FY2017 FY2018