FY2014 Recommended Budget - City of Surprise

Vehicle License Tax
FY2013 FY2014 $ %
Estimate Forecast Inc/(Dec) Inc/(Dec)
3,910,900 3,917,200 6,300 0%
Description
In lieu of a personal property tax on automobiles, the state imposes an annual vehicle license tax (VLT). These are state shared revenues
and are distributed to cities and towns based generally on the population at the last census or special census. These revenues are recorded
in the general fund.
FY2013
Actuals FY2008 FY2009 FY2010 FY 2011 FY2012 Adopted
Revenue Collected 3,545,692 3,207,654 2,960,716 2,930,709 3,951,413 3,895,900
Forecast Assumptions
The FY2013 and FY2014 forecasts are based on year-over-year percent increase data from the League of Arizona Cities and Towns. The
forecast for future years is based on population and revenue per capita. Vehicle license taxes are distributed based on population. The 2010
census resulted in increased revenues beginning in FY2012 as the city share of total population increased. The decrease in FY2013 is
attributable to the League's forecasted reduction in vehicle sales.
Forecast
FY2013
Estimate FY2014 FY2015 FY2016 FY2017 FY2018
PProjected j t d Revenue R 33,910,900 910 900 33,917,200 917 200 33,995,500 995 500 44,075,500 075 500 44,157,000 157 000 44,240,100 240 100
Millions
$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
Local Transportation Assistance Fund (LTAF)
FY2014 FY2015 FY2016 FY2017 FY2018
FY2013 FY2014 $ %
Estimate Forecast Inc/(Dec) Inc/(Dec)
345,000 358,900 13,900 4%
Description
The source of this funding is the Arizona State Lottery and is received from disbursements from the local transportation assistance fund
(LTAF). These revenues are recorded in the transit fund, which was established to track all revenues and expenditures associated with
providing transit services within the city of Surprise.
Actuals FY2008 FY2009 FY2010 FY 2011 FY2012
FY2013
Adopted
Revenue Collected
Forecast Assumptions
612,270 443,564 262,631 87,905 344,813 330,000
In February 2010, the distribution of these funds to the cities was discontinued by the state legislature. This was reversed by the U.S. District
Court in of 2011, and the city received a distribution in March 2011 for lottery earnings collected from July 2009 to February 2010. The
distribution of these funds has been confirmed for FY2012 and FY013 however, it is uncertain if they will be received after FY 2013.
Forecast
FY2013
Estimate FY2014 FY2015 FY2016 FY2017 FY2018
Projected Revenue 345 345,000 000 358 358,900 900 364 364,700 700 372 372,900 900 394 394,500 500 419 419,600 600
Millions
$0.7
$0.6
$0.5
$0.4
$0.3
$0.2
$0.1
$0.0
FY2008 FY2009 FY2010 FY 2011 FY2012 FY2013 21
Adopted
FY2013
Estimate
FY2014 FY2015 FY2016 FY2017 FY2018