FY2014 Recommended Budget - City of Surprise

Interest Income
FY2013 FY2014 $ %
Estimate Forecast Inc/(Dec) Inc/(Dec)
0 14,000 14,000 0%
Description
This source includes all interest income earned by the city of Surprise in the operating funds. These revenues are recorded in the general
fund, the highway users revenue fund, and the transit fund.
FY2013
Actuals FY2008 FY2009 FY2010 FY 2011 FY2012 Adopted
Revenue Collected
Forecast Assumptions
2,486,333 296,400 183,766 128,503 (31,197) 25,100
The activity reflects the recessionary economy with historically low interest rates. Investments are managed by a professional management
firm.
FY2013
Forecast Estimate FY2014 FY2015 FY2016 FY2017 FY2018
Projected Revenue 0 14,000 31,000 33,400 36,300 39,200
Millions
$4 $4.0 0
$3.5
$3.0
$2.5
$2.0
$1.5
$1.0
$0.5
$0.0
($0.5)
FY2008 FY2009 FY2010 FY 2011 FY2012 FY2013
Adopted
FY2013
Estimate
Public Works Revenue
FY2014 FY2015 FY2016 FY2017 FY2018
FY2013 FY2014 $ %
Estimate Forecast Inc/(Dec) Inc/(Dec)
451,000 633,100 182,100 40%
Description
This source reflects revenue collected for engineering and permit fees related to residential and commercial construction activities. These
revenues are recorded in the general fund.
FY2013
Actuals FY2008 FY2009 FY2010 FY 2011 FY2012 Adopted
Revenue Collected
Forecast Assumptions
2,547,753 729,800 185,638 290,885 276,513 215,600
The revenue forecast is based on estimates from the Community and Economic Development Department of the number of single family
residential permits issued and the square feet of non-single family residential permits issued. Non-single family residential permits include
multi-family, office/institution, and commercial/customer service. Revenue is forecast by revenue per square foot based on year-to-date
trends. This source has been decreasing due to reduced construction activity caused by the recent recession.
Forecast
FY2013
Estimate FY2014 FY2015 FY2016 FY2017 FY2018
PProjected j d RRevenue 4451,000 1 000 633 633,100 100 941 941,500 00 11,502,600 02 600 19 1,950,700 0700 22,196,800 196 800
Millions
$3.0
$2.5
$2.0
$1.5
$1.0
$0.5
$0.0
FY2008 FY2009 FY2010 FY 2011 FY2012 FY2013 26
Adopted
FY2013
Estimate
FY2014 FY2015 FY2016 FY2017 FY2018