City of Edmonds Faith Community Church Town Hall · 2018. 8. 6. · 1 City of Edmonds Faith...
Transcript of City of Edmonds Faith Community Church Town Hall · 2018. 8. 6. · 1 City of Edmonds Faith...
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City of Edmonds
Faith Community Church Town Hall
� Introduction
� General Fund Revenue Overview
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Revenue Trend Analysis (General Fund)
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2012 2013 2014 2015 2016Budget
FY 2012 - FY 2016
Other Revenues
Service Charges
Licenses & Permits
Sales Tax
Utility Tax
Property Tax
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Revenue Trend Analysis (General Fund)
Property Tax,
14,705,650
Miscellaneous,
495,210
Sales Tax,
6,144,400
Fines &
Forfeitures,
522,130
Utility Tax,
6,789,980
Other Taxes,
939,340
Licenses &
Permits,
2,011,120
Intergovernment
1,094,820
Service
Charges,
5,738,180
Transfers,
825,840
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City’s Top Ten Revenues
Ranking Fund Revenue DescriptionAmount
Budgeted
YTD 12/31
Receipts
1 General Fund REAL PERSONAL / PROPERTY TAX $9,999,850 $9,982,341
2 Emeergency Medical Services Fund LOCAL RETAIL SALES/USE TAX $5,627,000 $6,811,908
3 Water Fund METER WATER SALES $5,964,343 $6,088,017
4 Sewer Fund UNMETER SEWER SALES $5,692,773 $5,762,218
5 General Fund EMS PROPERTY TAX $3,395,376 $3,391,794
6 Stormwater Fund STORMWATER SALES $3,130,447 $3,172,196
7 Street Construction Fund 228TH ST SW CORRIDOR GRANT $3,277,760 $2,645,295
8 General Fund ELECTRIC UTILITY TAX $1,533,800 $1,578,348
9 (tie) Real Estate Excise Tax Fund II LOCAL REAL ESTATE TAX-SECOND $900,000 $1,371,690
9 (tie) Real Estate Excise Tax Fund I LOCAL REAL ESTATE TAX-FIRST $900,000 $1,371,690
Total $40,421,349 $42,175,496
Percent of Total Budget and Total Revenues 40% 56%
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$4.81
$4.60
$4.30
$4.12
$4.10
$3.99
$3.85
$3.66
$3.29
$3.12
$3.07
$2.83
$2.75
$2.74
$2.46
$2.45
$2.19
$2.12
$2.05
$1.98
$0.00 $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 $5.50
Sultan
Gold Bar
Stanwood
Monroe
Darrington
Granite Falls
Index
Lake Stevens
Snohomish
Marysville
Everett
Mill Creek
Arlington
Lynnwood
Mountlake Terrace
Edmonds
Bothell
Mukilteo
Brier
Woodway
2016 Municipal Property Tax Rates
(Includes, City, Fire, Library, Parks & Bonds)
(Rounded to nearest penny)
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Home Values are Recovering
$534,125
$384,197
$570,845
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Value History of Home Purchased in2007 for $458,132
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Property Tax, (continued)
Year
Total Assessed Value
(AV)
New Construction
AV
Regular Property Tax Revenue
From New Construction
2017 $7,817,961,897 $48,673,430 $66,480
2016 $7,325,526,408 $43,500,982 $64,017
2015 $6,748,918,346 $26,567,300 $42,748
2014 $6,081,784,962 $20,626,738 $36,334
2013 $5,515,379,678 $29,860,169 $49,592
2012 $5,773,373,989 $21,270,476 $31,409
2011 $6,415,254,393 $18,004,460 $24,288
2010 $6,936,919,150 $18,563,567 $22,274
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Sales Tax Revenue
Retail Eating & Drinking 489,624
Health & Personal Care 59,115
Contractors 604,113
Wholesale Trade 155,885 Communications 142,437
Misc Retail Trade 469,065
Accommodation 23,603
Business Services 264,995
Amusement & Recreation 39,472
Retail Food Stores 154,140
Others 196,139
Clothing and Accessories 125,772
Retail Automotive 1,000,996
Automotive Repair 98,894
Gasoline Stations 19,225
Sales Tax Analysis By Category
Current Period: July 2016
Year-to-Date
Total $3,843,476
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Sales Tax Revenues
($150,000) ($100,000) ($50,000) $0 $50,000 $100,000 $150,000
Contractors
Communications
Automotive Repair
Gasoline Stations
Health & Personal Care
Clothing and Accessories
Accommodation
Wholesale Trade
Amusement & Recreation
Others
Retail Food Stores
Business Services
Retail Eating & Drinking
Misc Retail Trade
Retail Automotive
Total
($127,519)
($19,655)
($15,793)
($293)
$775
$1,691
$1,753
$2,769
$2,931
$20,170
$31,605
$36,737
$51,146
$59,031
$93,359
$138,708
Change in Sales Tax Revenue:
July 2016 compared to
July 2015
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Questions?