Tax Revenue Predictions for The City Of Kelsey

By: Samuel T. WeekleyQNT 562

Dr. Lester ReamsNovember 6, 2011

Population and revenue

2011 201242,200,000

42,300,000

42,400,000

42,500,000

42,600,000

42,700,000

42,800,000

42,900,000

43,000,000

43,100,000

Estimated Generated Revenue

Estimated Generated Revenue

Population Trend

Tota

l Pop

ulat

ion

Popu

latio

n 16

+

Empl

oyed

-Civ

ilian

Labo

r

Armed

For

ces

Tota

l pay

ing

taxe

s

0

100000

200000

300000

400000

500000

600000

700000

20112012 estimates

Estimated Revenue Increase

2011

2012

4150000042000000

4250000043000000

43500000

Revenue Estimation

Revenue Estimation

2011 The City of KelseyAccumulated $42,479,925 in total revenue

2012City Management has predicted generated revenue estimates of $43,500,000

Estimated Revenue Increase Cont’d

Revenue Sources 2011 2012

Sales Tax $31,625,959 $31,880,978

Property Tax $7,468,271 $7,723,290

Franchise Tax $485,695 $740,714

Highway User Tax $2,900,000 $3,155,019

Totals $42,479,925 $43,500,000

Estimated Revenue Increase Cont’d

Major Sources of Revenue

o Sales Taxo Property Taxo Franchise Taxo Highway User Tax

Sale

s Ta

x

Prop

erty

Tax

Fran

chise

Tax

Hwy

User T

ax

Tota

l

0

5,000,000

10,000,000

15,000,000

20,000,000

25,000,000

30,000,000

35,000,000

40,000,000

45,000,000

20112012Series3

Highway User Tax

Highway User Taxes

1. HURF funding2. $.05 fuel tax3. Motor carrier fees4. Vehicle license taxes5. Vehicle registration fees6. Other transportation related fees

Fuel

Tax

Motor

Car

rier

Licen

se ta

x

Registra

tion

Other

HURF

TOTA

L0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

2011

2011

HURF Contribution

HURF statewide fund: $290 million in previous FY

Kelsey share = $ 3 million

HURF = special revenue fund

Funding allocated to Kelsey Public Works

Used for highway construction projects, and maintenance

Personal Services

In previous FY Kelsey personal services consumed 80% of generated revenue from:

1. Sales Tax2. Property Tax3. Franchise Tax

Personal Services Cont’d

Polic

eFir

e

Comm

unity

Ser

vice

s

Mayor

/Cou

ncil

City M

anag

er

Devel

opm

ent S

ervi

ces

Admin

Ser

vice

s0

2,000,000

4,000,000

6,000,000

8,000,000

10,000,000

12,000,000

14,000,000

16,000,000

20112012

Conclusion

•Fiscal responsibility•Teamwork and diligence•Accurate spending trends = accurate budget

References

Apollo Group, Inc. (2007, 2009, 2011); City of Kelsey City Government, Census 2000, City Of Kelsey CAFR; Retrieved November 5, 2011 QNT/562 https//ecampus.phoenix.edu/secured