2013 Approved Budget - Lake County Illinois

Discussion of Major Revenues
Introduction
The total projected revenues in the FY2013 are $479 million. Of that total, $72 million are inter-fund
transfers, which are counted as revenue in more than one fund. The County’s total anticipated FY2013
adopted revenues excluding those inter-fund transfers are $407 million. This section provides an
explanation of the County’s major revenue sources and FY2013 projections excluding transfers. Major
revenue sources total $379 million, which is 93% of total revenues. The remaining 7% of revenues come
from a variety of sources including fines, permits, forfeitures, rentals, interest income, reimbursements for
County services, and proceeds from the sale of assets. The County projects those on a detailed level;
however, for practical reasons, this analysis does not include a detailed discussion of these revenue
sources. The decline in the category of “Other Revenues” is primarily due to dismal interest earnings on
cash reserves. There are one-time revenue events in FY2011 and FY2012 (bond proceeds and capital
improvement revenue respectively) which drive up those totals. In FY2013, there is a shift of food permit
revenue from the category “charges for services” to “licenses and permits,” which causes a $1.7 million
shift in those categories.
The following table is a summary of all revenue sources by class.
discussion of the County’s major revenues.
Below the chart is a detailed
Category
Major Revenues
2011 Actual
County Board
Approved 2012
County Board
Approved 2013
Property tax 145,792,819 149,140,409 149,914,572
Sales and Other Taxes 79,546,541 77,398,559 79,841,601
Intergovernmental 93,487,708 78,000,715 76,834,434
Charges for Services 71,798,281 74,068,233 72,846,665
Total Major Revenues 390,625,349 378,607,916 379,437,272
Other Revenues
Licenses & Permits 3,341,783 2,921,488 4,607,182
Fines & Forfeitures 1,341,555 1,309,513 1,361,436
Rentals 180,885 203,400 196,945
Miscellaneous 79,339,609 25,496,154 21,877,791
Total Other Revenues 84,203,832 29,930,555 28,043,354
Total Revenue without Transfers 474,829,181 408,538,471 407,480,626
Inter-fund Transfers
Inter-fund Transfers 38,091,820 37,986,190 38,869,494
Health-Life-Dental Insurance Transfers 29,426,939 32,375,833 33,297,798
Total Inter-fund Transfers 67,518,759 70,362,023 72,167,292
Grand Total Revenue 542,347,940 478,900,494 479,647,918
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