Volume 1 - Executive Summary - Office of the Chief Financial Officer

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Table 4-4 (continued) General Fund, Local Revenue by Source, Fiscal Years 2011-2016 (Dollars in Thousands) FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 Revenue Source Actual Est. Est. Projected Projected Projected Individual Income 1,296,598 1,446,449 1,406,185 1,435,811 1,493,816 1,530,871 Corp. Franchise 216,280 237,534 245,424 252,038 263,356 266,310 U. B. Franchise 143,404 150,404 154,666 154,942 162,501 171,172 Total Income 1,656,282 1,834,387 1,806,275 1,842,791 1,919,673 1,968,353 Public Utility 149,745 149,745 149,880 151,552 152,929 155,032 Transfer to Ballpark Fund (8,897) (9,594) (9,603) (9,710) (9,799) (9,933) Public Utility (net) 140,848 140,151 140,277 141,842 143,130 145,099 Toll Telecommunications 60,820 60,820 61,428 62,042 63,283 63,916 Transfer to Ballpark Fund (2,373) (2,373) (2,397) (2,421) (2,469) (2,494) Toll Telecommunications (net) 58,447 58,447 59,031 59,621 60,814 61,422 Insurance Premiums 69,738 76,014 76,014 76,014 76,014 76,014 Transfer to Healthy DC Fund (25,101) (25,000) (25,000) (25,000) (25,000) (25,000) Insurance Premiums (net) 44,637 51,014 51,014 51,014 51,014 51,014 Healthcare Provider Tax 13,439 12,000 12,000 12,000 12,000 12,000 Transfer to Nursing Facility Quality of Care Fund (13,439) (12,000) (12,000) (12,000) (12,000) (12,000) Ballpark fee 33,311 25,000 25,125 25,929 26,125 27,250 Transfer to Ballpark Fund (33,311) (25,000) (25,125) (25,929) (26,125) (27,250) Hospital Bed Tax 9,008 15,562 15,562 15,562 - - Transfer to Hospital Fund (9,008) (15,562) (15,562) (15,562) - - ICF-MR Assessment 1,254 2,000 2,000 2,000 2,000 2,000 Transfer to Stevie Sellows (1,254) (2,000) (2,000) (2,000) (2,000) (2,000) HSC Contribution 5,000 5,000 5,000 5,000 5,000 5,000 Transfer to Healthy DC Fund (5,000) (5,000) (5,000) (5,000) (5,000) (5,000) Total Gross Receipts (net) 243,932 249,612 250,322 252,477 254,958 257,535 Estate 87,230 50,000 45,000 45,000 45,000 45,000 Deed Recordation 164,572 156,889 165,393 165,393 165,393 169,080 Transfer to HPTF (24,686) (23,533) (24,809) (24,809) (24,809) (25,362) Deed Recordation (net) 139,886 133,356 140,584 140,584 140,584 143,718 Deed Transfer 131,710 129,189 137,005 137,005 137,005 139,952 Transfer to HPTF (15,691) (19,378) (20,551) (20,551) (20,551) (20,993) Deed Transfer (net) 116,019 109,811 116,454 116,454 116,454 118,959 Economic Interests 14,905 25,000 10,000 10,000 10,000 10,000 Total Other Taxes (net) 358,040 318,167 312,038 312,038 312,038 317,677 TOTAL TAXES NET OF DEDICATED TAXES 4,905,771 5,218,812 5,307,745 5,411,806 5,583,707 5,740,984 Licenses and Permits 76,020 74,096 75,440 72,225 73,594 71,478 Fines and Forfeits 126,251 154,396 147,471 147,693 145,053 142,545 Charges for Services 75,612 61,029 60,425 60,656 60,886 59,452 Miscellaneous 130,733 113,443 89,980 91,527 80,687 87,101 TOTAL NON-TAX 408,616 402,964 373,316 372,101 360,220 360,576 Lottery 62,175 62,375 63,175 63,175 63,175 63,175 Interfund Transfer 14,289 20,762 18,797 19,934 - - TOTAL LOCAL FUND REVENUE NET OF DEDICATED TAXES 5,390,851 5,704,913 5,763,033 5,867,016 6,007,102 6,164,735 Revenue 4-8 FY 2013 Proposed Budget and Financial Plan
Local Fund Property Taxes Real-Property Tax In FY 2011, $1.715 billion was collected before dedicated distributions; a 5.8 percent decrease from FY 2010. This decrease in collections was driven by an approximately 12 percentage point drop in the growth rate of commercial property (Class 2) collections, compared to 2010 collections. Class 2 collections account for approximately 67 percent of total real property tax collections. Despite declining residential (Class 1) property values due to the lingering effects of the most recent economic recession and national real estate collapse, collections in this class continued to increase primarily because the assessment cap policy for homestead properties causes the tax liability for a significant number of homesteads to increase 10 percent annually, even though the respective home values did not grow as much. Class 1 tax collections account for approximately 32 percent of total real property tax collections. Residential Property. Due to the deflating housing bubble and the lingering economic recession, residential property value declines continued in CY 2011 due to even fewer residential property sales. This sustained relative weakness in the residential sector is expected to continue over the next few years. However, Class 1 tax collections are expected to grow approximately 2.5 percent annually for FYs 2012 to 2016 due to rising property values of large apartment buildings. Total Class 1 tax collections are also expected to grow because of the assessment cap for many homestead properties that causes the annual tax liability to increase 10 percent annually notwithstanding the change in the market value of such properties. Commercial Property. Market rate sales of commercial property virtually disappeared in 2009 but began to rebound in 2010. In the summer and fall of 2010, there was an increase in the number of large commercial property sales at prices on average 30 percent above the 2010 assessment value. As a result, Class 2 assessment values will rebound in FY 2012 almost to FY 2010 levels, but growth will begin to gradually moderate in FY 2013. The factors that affect residential and commercial property assessment values mean that, after a decline of 6.9 percent in FY 2011, total real property tax revenue after dedicated distributions will grow 7.2 percent in FY 2012 and by only 6.2 percent in FY 2013. General obligation bonds. In addition to providing revenue for government services, real property taxes support the District’s general obligation bonds used for capital investment. For FY 2012, the percentage of real property tax collections dedicated to the repayment of principal and interest on the District’s General Obligation Bonds is 14 percent. Transfer to Tax Increment Financing (TIF) Fund: In FY 2012, $33.0 million of real property tax collections will be dedicated to the repayment of Tax Increment Financing and PILOT bonds. This amount will increase to $36.6 million in FY 2013 due to continuing development progress at previously authorized TIF projects, expected increased assessments for existing TIF properties, and TIF transfers that may be required for potential new debt issuances. Personal Property Tax In FY 2011, gross total personal property tax collections totaled $52.7 million. Based on national and regional economic indicators that suggest a gradual increase in the level of business activity and a subsequent increase in the total level of new business investment, gross collections are expected to grow 0.9 percent to $53.2 million in FY 2012. Total gross personal property tax collections are expected to grow at an annual average rate of approximately 1.0 percent per annum for FY 2013 to FY 2016 as the District of Columbia’s economy recovers. FY 2013 Proposed Budget and Financial Plan Revenue 4-9
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THE GOVERNMENT OF THE DISTRICT OF C
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The Government Finance Officers Ass
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Office of the Chief Financial Offic
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Council of the District of Columbia
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GOVERNMENT OF THE DISTRICT OF COLUM
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Volumes Bound Separately Volume 2 -
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How to Read the Budget and Financia
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Operating Appendices (Volumes 4 and
Page 19 and 20: FY 2013 Proposed Budget Changes The
Page 21 and 22: • Appendices that provide support
Page 23 and 24: This table presents the agency's to
Page 25 and 26: This indicates the specific program
Page 27 and 28: The FY 2013 Proposed Budget Changes
Page 29 and 30: Agency performance measures describ
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Page 33 and 34: appropriation titles are the agenci
Page 35 and 36: Figure 1-1 Where the Money Comes Fr
Page 37 and 38: Table 1-2a Local Funds Expenditure
Page 39 and 40: Table 1-4 Local Funds Proposed FTEs
Page 41 and 42: Table 1-5 Major Gross Funds FTE Cha
Page 43 and 44: Strategic Budgeting 2 The District
Page 45 and 46: Information Systems In FY 2004, the
Page 47 and 48: Revenues 2. Taxes. This category in
Page 49 and 50: 7. Interfund Transfers. This line i
Page 51 and 52: Expenditures (by Appropriation Titl
Page 53 and 54: 43. Contingency Cash Reserve Balanc
Page 55 and 56: Table 3-1 (Continued) FY 2013 - 201
Page 57 and 58: Table 3-3 FY 2013 - FY 2016 General
Page 59 and 60: Table 3-4 FY 2013 - FY 2016 General
Page 61 and 62: Table 3-5 FY 2013 - FY 2016 Federal
Page 63 and 64: Revenue 4 TOTAL GENERAL FUND TAX RE
Page 65 and 66: The Economic Outlook Despite a brig
Page 67 and 68: magnitude would have significant ra
Page 69: acks in federal spending and the fe
Page 73 and 74: Transfer to Convention Center Fund:
Page 75 and 76: Table 4-7 Selective Sales and Excis
Page 77 and 78: Transfer to Healthy DC Fund: Of the
Page 79 and 80: Table 4-10 Other Tax Revenue, Fisca
Page 81 and 82: Property tax changes: Repeal subjec
Page 83 and 84: Table 4-12 (cont.) Policy Proposals
Page 85 and 86: Implement a motor fuel quality test
Page 87 and 88: Table 4-13 (cont) Percentage Change
Page 89 and 90: Table 4-14 (cont) Changes in Genera
Page 91 and 92: Table 4-15 (Cont.) General Purpose
Page 93 and 94: FY 2013 Proposed Budget and Financi
Page 95 and 96: Table 4-17: Special Purpose (O-type
Page 105 and 106: PART A — GENERAL FUND TAXES FY 20
Page 107 and 108: PART A — GENERAL FUND TAXES FY 20
Page 109 and 110: Tax Expenditure Budget FY 2012 - FY
Page 111 and 112: Each tax expenditure was also class
Page 113 and 114: FY FY 2013 Proposed Budget and Fina
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FY 2013 Proposed Budget and Financi
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Specifically, the chapter: • Exam
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Table 5-1 Enrollments and Expenditu
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Administrator, the Office of the Ch
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Table 5-2 Overtime Actual Expenditu
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Table 5A-1 (continued) Local Funds
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Table 5A-3 Gross Funds Actual Expen
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Table 5A-4 Local Funds Actual Expen
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Table 5A-6 Federal Grant Actual Exp
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Table 5A-8 Dedicated Taxes Funds Ac
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Table 6-1 Overview (Dollars in thou
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Table 6-3 Capital Fund Pro Forma (D
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Table 6-4 OFFICE OF FINANCE AND TRE
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Figure 6-2 Number of Capital-Funded
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Job Creation and Economic Developme
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In FY 2006, the District borrowed $
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Appendix A: D.C. Comprehensive Fina
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General Fund expenditures) for all
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Background: The timely deposit of m
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of cash that is not needed to fund
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• Computer hardware system costs
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Background: The District is require
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of the District of Columbia). Amoun
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Any existing Special Purpose Revenu
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the availability of funds is made,
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Appendix B Grant Match and Maintena
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Reporting of Grant Match and Mainte
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B. Economic Development and Regulat
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D. Public Education System (Note: U
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Human Support Services (Dollars in
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G. Financing and Other One agency i
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Intra-District Medicaid Payments (P
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Appendix C Basis of Budgeting and A
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Appendix D: Glossary of Budget Term
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Arbitrage - The simultaneous buying
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Current Services Funding Level (CSF
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Key Result Measures - A set of resu
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Special Purpose Revenue - Funds use
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Appendix E Current Services Funding
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Other Adjustments The following are
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Government of the District of Colum
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AppropriationTitle (Thousands of Do
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AppropriationTitle (Thousands of Do
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AppropriationTitle Agy Cde Governme
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A BILL ---------- IN THE COUNCIL OF
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$11,500,000, to remain available un
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TITLE III--DISTRICT OF COLUMBIA FUN
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other funds, and $9,565,000 from fu
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necessary for reimbursement to the
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Board of Trustees of the University
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from local funds, $26,403,000 from
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contingency reserve fund under sect
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Unemployment Insurance Trust Fund F
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District of Columbia government sub
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corporations, institutions, and org
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District, RLA, or any entity of the
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(44) The play field portion of Rese
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(b) Every remote-vendor that does n
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Council (or Act of Congress, in the
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(a) Section 602(c)(1) of the Distri
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Volume 1 - Executive Summary - Office of the Chief Financial Officer

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