FY2014 Recommended Budget - City of Surprise
FY2014 Recommended Budget - City of Surprise
FY2014 Recommended Budget - City of Surprise
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Indirect Cost Assessment<br />
FY2013 <strong>FY2014</strong> $ %<br />
Estimate Forecast Inc/(Dec) Inc/(Dec)<br />
3,660,700 4,682,900 1,022,200 28%<br />
Description<br />
Indirect expenses incurred by the general fund on behalf <strong>of</strong> the enterprise funds (water, waste water, and sanitation) are recovered through<br />
the indirect cost assessment and are recorded as a revenue in the general fund.<br />
FY2013<br />
Actuals FY2008 FY2009 FY2010 FY 2011 FY2012 Adopted<br />
Revenue Collected 3,264,900 3,511,100 4,449,225 3,660,700 3,660,700 3,660,700<br />
Forecast Assumptions<br />
Indirect cost assessments are calculated through the annual update to the Full Cost Central Services Cost Allocation Plan and are based on<br />
the last completed fiscal year. A greater portion <strong>of</strong> the general fund costs were allocated to the general fund during the FY2010 update than<br />
in the prior years, leading to the decrease in revenue from the enterprise funds. The study used for the FY2011and FY2012 indirect<br />
allocation, featured an improved allocation basis that more accurately reflected the amount <strong>of</strong> general fund support <strong>of</strong> the enterprise funds.<br />
FY2013 was budgeted at the FY2012 amount pending completion <strong>of</strong> an updated cost allocation plan.<br />
Forecast<br />
FY2013<br />
Estimate <strong>FY2014</strong> FY2015 FY2016 FY2017 FY2018<br />
Projected Revenue 33,660,700 660 700 44,682,900 682 900 44,776,500 776 500 44,872,100 872 100 44,969,600 969 600 55,068,900 068 900<br />
Millions<br />
$6.0<br />
$5.0<br />
$4.0<br />
$3.0<br />
$2.0<br />
$1.0<br />
$0.0<br />
FY2008 FY2009 FY2010 FY 2011 FY2012 FY2013<br />
Adopted<br />
FY2013<br />
Estimate<br />
Parks and Recreation Program Fees<br />
FY2013 <strong>FY2014</strong> $ %<br />
Estimate Forecast Inc/(Dec) Inc/(Dec)<br />
4,452,800 4,452,800 0 0%<br />
<strong>FY2014</strong> FY2015 FY2016 FY2017 FY2018<br />
Description<br />
This source reflects revenue collected from fees charged by the Community and Recreation Services Department to participate in the various<br />
recreational programs <strong>of</strong>fered by the city. These revenues are recorded in the general fund.<br />
FY2013<br />
Actuals FY2008 FY2009 FY2010 FY 2011 FY2012 Adopted<br />
Revenue Collected<br />
Forecast Assumptions<br />
2,898,803 3,538,989 3,892,092 4,389,606 4,732,333 3,817,500<br />
Forecasts are based on the Community and Recreation Services Department estimates <strong>of</strong> revenue per participant for recreation programs,<br />
aquatics programs, and special events. Special events and recreation participants reflect only revenue generating programs and events.<br />
FY2013<br />
Forecast Estimate <strong>FY2014</strong> FY2015 FY2016 FY2017 FY2018<br />
Projected Revenue<br />
$6 $6.0 0<br />
4,452,800 4,452,800 4,541,900 4,632,700 4,725,300 4,819,900<br />
Millions<br />
$5.0<br />
$4.0<br />
$3.0<br />
$2.0<br />
$1.0<br />
$0.0<br />
FY2008 FY2009 FY2010 FY 2011 FY2012 FY2013<br />
Adopted 22<br />
FY2013<br />
Estimate<br />
<strong>FY2014</strong> FY2015 FY2016 FY2017 FY2018
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