2018 Adopted Annual Operating & Capital Improvement Budget
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REVENUE ASSESSMENT<br />
and park use. Revenues within the licenses and permits category are expected to decrease 3.1% compared to the prior<br />
year’s amended budget due to a slowdown in building permit activity. Forecasts are supported by historical collection<br />
trends, staff discussions with local developers, and a weighted probability analysis. The following chart illustrates the<br />
historical licenses and permits trends and forecasts:<br />
$1.8<br />
$1.6<br />
$1.4<br />
$1.2<br />
$1.0<br />
$0.8<br />
$0.6<br />
$0.4<br />
$0.2<br />
$0.0<br />
Licenses & Permits<br />
(in millions)<br />
2014<br />
Actuals<br />
Licenses & Permits<br />
(in millions)<br />
2015<br />
Actuals<br />
2016<br />
Actuals<br />
2017 Amended <strong>Budget</strong><br />
$1.76 Million<br />
2017<br />
Estimate<br />
<strong>2018</strong><br />
<strong>Adopted</strong><br />
<strong>Budget</strong><br />
1.21 1.35 1.63 1.68 1.70<br />
Charges & Fees<br />
Charges and fees are intended to offset costs associated with specific goods and services provided to identifiable<br />
recipients. The revenue category represents approximately 5.9% of the organization’s revenue. Ex<strong>amp</strong>les of user<br />
charges include franchise fees, review fees, recreation participant fees, off-duty police officer charges, and the sale of<br />
miscellaneous goods and services. Revenues within the charges and fees category are expected to decrease 4.6%<br />
compared to the prior year’s amended budget due to an anticipated decrease in plan review fees pertaining to<br />
commercial development activity. Collection forecasts are supported via assumptions regarding the continuation of<br />
customer demand for fee-related goods and/or services, as well as changes to the fee structures.<br />
Charges & Fees<br />
(in millions)<br />
$3.4<br />
$3.2<br />
$3.0<br />
$2.8<br />
$2.6<br />
$2.4<br />
$2.2<br />
$2.0<br />
Charges & Fees<br />
(in millions)<br />
2014<br />
Actuals<br />
2015<br />
Actuals<br />
2016<br />
Actuals<br />
2017 Amended <strong>Budget</strong><br />
$3.04 Million<br />
2017<br />
Estimate<br />
<strong>2018</strong><br />
<strong>Adopted</strong><br />
<strong>Budget</strong><br />
2.84 2.67 2.80 2.91 2.90<br />
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