Revenue Status Report FY 2013-2014 - General Fund

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Revenue Status ReportGeneral Fund

As of September 30, 2013

Markus Schwab, CPA/CITP/CGMA

100 South Hill Street-P.O. Box T | Griffin, GA 30223P 770.229.6401 F 678.692.0402 W cityofgriffin.com

(Unaudited - Internal Use Only)

Administrative Services | Chief Financial OfficerChuck Olmsted

Administrative Services | Accounting Manager

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I. Current Economics 3

II. Unemployment Numbers 9

III. General Fund Revenue Sources 10

IV. Revenues by Category 11

V. RevenuesTaxes 12Property Taxes 13, 14Licenses and Permits 15Intergovernmental 16Charges for Services 17Fines and Forfeitures 18Other Revenues 19, 20


Revenue Status Report - General FundAs of September 30, 2013

Table of Contents

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Sixth District -- AtlantaSixth District business contacts described economic activity as expanding slowly in September. The outlook among firms remains optimistic as most expect near-term growth to be sustained at or slightly above current levels. Most retailers cited slightly improved levels of spending and auto dealers continued to experience solid results. Hospitality reports remained largely positive. Residential brokers and builders continued to witness improvements in many parts of the District as sales and prices of new and existing homes increased compared with a year ago. Commercial development picked up slightly, led by multifamily construction. Manufacturers indicated that new orders and production had increased since the last report. Bankers saw increased volumes for both commercial and consumer loans. Payrolls across the region expanded, albeit at a slower pace than the previous report. Firms noted input costs remained stable.

Consumer Spending and TourismDistrict retailers continued to report modest spending as consumers remained focused on finding deals. Back-to-school retailers and fast-food establishments cited that sales were slightly lower than a year ago; however, District auto dealers reported continued gains in light vehicle sales. On average, merchants indicated that sales and store traffic were slightly up for the year and are expecting this trend to carry on for the remainder of the year.

The travel and tourism sector continued to cite healthy demand in leisure travel as hotel bookings, revenue per available room, and attendance at conventions and attractions all increased. Contacts confirmed a slight increase in hiring, as well as a healthy supply of qualified applicants. However, government cut backs and softening demand from Europe and China were sources of concern for many hospitality firms. Overall, the industry is anticipating the same pace of growth for the rest of the year and into the beginning of 2014 based on reports of advanced bookings.

Real Estate and ConstructionOverall, District brokers indicated that existing home sales remained ahead of last year's level. In particular, home sales growth continued to improve among Florida brokers while brokers outside of Florida noticed that sales growth remained positive but slowed notably on a year-over-year basis. Brokers also noted a larger than usual seasonal slowdown in buyer traffic. By most accounts, inventory levels continued to decline on a year-over-year basis and home prices continued to rise. The outlook for sales remains slightly positive with half of brokers anticipating sales gains over the next several months.

District homebuilders said that new home sales and construction were ahead of year earlier levels. However, reports indicated new home sales softened in recent months. Most builders saw modest home price appreciation since the last report. The outlook for new home sales and construction was positive, but the outlook for growth moderated from earlier in the year.

District commercial brokers noted that demand for space improved at a modest pace towards the end of the summer. Construction activity was described as flat to slightly up on a year-over-year basis with apartment development dominating activity. Contractors noted that government related construction slowed while light manufacturing related construction picked up. Brokers indicated that most markets still favored tenants; however, rental rate increases continued to be noted in select submarkets. The outlook among District commercial real estate contacts remained positive with further improvements expected for the rest of the year.

Manufacturing and TransportationMost District manufacturers reported that the pace of growth remained flat or rose slightly in September. New orders, production, finished inventories, commodity prices, and hiring all increased since the previous period while supply delivery times experienced a modest decrease. Auto manufacturers in particular continued to describe solid demand for their products. When asked about their outlook, one-third of regional purchasing managers expect higher production over the next three to six months.

Regional trucking contacts reported recent increases in tonnage, primarily because of shipments related to housing, autos, and energy. However, truckload and less-than-truckload volumes were described as mostly flat for the year. District ports continued to cite increased activity in the movement of energy products and steel imports, along with an uptick in exports of forestry products, such as wood pellets and resins. Containerized freight growth was seen as mostly even for the year. Regional railroad firms reported significant year-to-date declines in the shipment of agricultural products and military equipment; however, substantial increases in the movement of chemicals and nonferrous scrap metals have offset those declines.

Banking and FinanceBankers voiced concern over interest rate risk as they noticed that their competitors were more willing to extend credit and in some cases were aggressively seeking qualified borrowers. According to some contacts, banks seemed to be luring loan business mostly away from each other, rather than creating new opportunities.

Property Tax Digest

Beige Book - October 16, 2013 Current Economic Conditions

Collections History

I. Current Economics

http://www.federalreserve.gov/default.ht�

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Last update: October 16, 2013

District bankers reported increased activity in owner-occupied commercial real estate, commercial and industrial, manufacturing, small business, and healthcare lending. Consumer loan volume, including purchase/construction mortgages, second mortgages, auto loans, and even credit cards, was strong in some regions. However, mortgage lending overall had slowed as interest rates increased and the refinancing boom subsided. Some contacts mentioned residential real estate lending was now about evenly split between refinancing and new mortgages.

Employment and PricesSince the last report, the District's overall pace of payroll growth slowed somewhat. In July, Georgia and Florida saw payroll gains greater than the District's monthly average for the year, but August's sizeable contractions in payrolls in those states brought the pace closer to the monthly average. Louisiana saw strong gains in leisure and hospitality employment, particularly in accommodation and food services. The District's rate of unemployment remained unchanged and slightly higher than the national average. Employers continued to report hiring hesitancy related to changes in healthcare regulation and fiscal policy uncertainty.

Input costs remained largely stable, according to business contacts. The few input costs that were cited as rising were doing so very slowly. According to our September Business Inflation Expectations survey, increases in unit costs remained in the range of 1.3 to 1.7 percent over the past year. Looking forward, businesses expect unit costs to rise by 1.9 percent, on average, over the next 12-months. There were few reports of pricing power and margins remained tight. Wages remained in a range that met expectations of most firms, but some noted upward wage pressures for certain high-skilled workers.

Natural Resources and AgricultureEnergy refiners across the region have been in the throes of expansion as new projects and investments continue to be announced. Contacts reported that demand and inventories of oil and natural gas remained steady. Additionally, transportation of these natural resources to the Gulf Coast for refinement and processing was increasingly occurring via barges and trucks rather than pipeline and rail since those networks are under construction. Contacts indicated that this method of transportation was driving up costs.

As a result of this year's excessive rain and flooding, which heavily damaged some crops, the USDA declared most counties in Alabama and many in Georgia, Florida, and Tennessee as natural disaster areas. Since the last report, average monthly prices paid to farmers for corn, cotton, soybeans, hogs, and broilers were down but were up for rice, citrus, beef, and milk. Lower corn prices benefited livestock producers that rely on corn for feed. Compared to August, cotton estimates for September indicated reduced production in Florida, Mississippi, and Tennessee; higher production in Alabama and Louisiana; and unchanged production in Georgia.

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Interest Rate Outlook Panel of EconomistsLooking at various indexes of investor sentiment, concerns about a possible recession seem fairly low. Since there are still a number of reasons for concern about the overall economy, what are your thoughts about the situation?

Lacy H. Hunt, executive vice president of Hoisington Investment Management, said: "GDP growth, whether measured in nominal or real terms, is the slowest of any expansion since 1948. From the second quarter of 2012 through the second quarter of 2013, nominal GDP grew at 3.1%. This is below the level of every entry point of economic contraction since 1948. Nominal consumer spending shows a slightly slower growth rate and is also lower than any economic expansion since 1948. Real GDP shows a similar pattern. For the past four quarters, real economic growth was just 1.56%, which was even less than the 1.9% growth rate in the 2000s, and dramatically less than the 3.8% average growth rate in the past 223 years. The percentage of the population with full-time employment was just 47.2% in August 2013, below the level of late last year and down nearly one percentage point since the start of the recovery in June 2009. The economy is still in the midst of absorbing a $275 billion tax increase (or 1.7% of GDP) that went into effect on January 1, 2013. In addition, real long-term interest rates, including the highly sensitive mortgage rates, have increased nearly 200 basis points thus far in 2013. Both of these latter considerations indicate that the best growth of 2013 has been seen and the risks are on the downside."

James Glassman, managing director and senior economist at J.P. Morgan Chase and Co., said: "Of course, there is always a small probability that a new threat could throw the economy off course, but thinking about the usual factors that often are associated with the onset of recession, including disappointments occurring at a time of high optimism, real estate excesses, building inflation pressures, profit margins coming under pressure and from narrow levels, high level of resource utilization (low unemployment), and restrictive monetary policy, a faster pace of economic growth (and certainly continued economic growth) is more likely than a recession."

Scott Brown, chief economist, Raymond James & Associates, said: "The economic recovery is becoming more entrenched as headwinds fade. However, we're still subject to downside shocks. Odds of a recession are relatively low in the near term, and the length of an expansion is not a factor in the likelihood of a recession (that is, expansions don't get long in the tooth). Still, as they say, it's the punch you don't see coming that lays you out."

John Lonski, chief economist, Moody's Investor's Service, and Ben Garber, an economist at Moody's, said: "The need for Congress to authorize federal spending levels and raise the debt ceiling is a significant near-term downside risk. Yet over the longer-term, the potential end to the fiscal drag and the ongoing upturn in home construction can support accelerating economic growth well past next year."

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Snapshot of Economy and Interest Rates

Annualized Returns Since

Date Average Return Jan.1, 2012 Jan. 1, 2011

Jan. 1, 2012 0.02% 0.02% 0.06%Jan. 1, 2013 0.02% 0.03% 0.03%Aug. 1, 2013 0.01% 0.02% 0.03%Sep. 1, 2013 0.01% 0.02% 0.02%Oct. 1, 2013 0.01% 0.02% 0.02%

Date 7-day yield 30-day yield Maturity (Days)

20-Sep-13 0.02% 0.02% 49

9/30/2013 Year Ago0.11 0.130.09 0.080.13 0.180.15 0.230.02 0.110.1 0.17

0.07 0.08

4.53 3.67

* No quote because the market is unstable

T-bills: 91-day yield

RateFed funds

Moving Averages

BAs: One month

6-Month Treasury Bill

10-Year Treasury Note

Commercial paper, dealer-placed, 3 months

T-bills: 52-week yield

Bond Buyer 20-bond municipal index

Key Rates: Cash Markets

CDs: Three months CDs: Six months

Economic Summary

Investment Performance Benchmarks

The money market fund index

S&P Rated LGIP Index

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Notes

October 2013 Volume 31, Number 10Executive Director/CEO: Jeffrey Esser

The money market fund index - This index is the simple average of iMoneyNet Money Fund Averages ™/Taxable (All) ™ seven-day money market fund indexes, as reported for the two weeks closest to the end of each month. The annualized return is calculated using these rates for a four-week period centering on the first of each month. The results should simulate returns from passive investment in an average money market fund.

S&P Rated LGIP Index - This index is comprised of local government investment pools that are rated AAAm or AAm by Standard & Poor's and represents pools that strive to maintain a stable net asset value.

Editor: Marcy Boggs

Moving Averages - The four-week moving averages are calculated as a simple average of Friday closing yield quotations for the most recently offered six-month Treasury bill (discount basis), two-year Treasury note, and 10-year Treasury note. Moving averages are used by analysts to monitor trends and trend changes. Generally, interest rates are increasing (prices falling) when the moving average yield is rising and the current rate exceeds the moving average. Conversely, current yields below a declining moving average are associated with lower interest rates (high prices on fixed-income securities). Some market timers buy (or sell) longer maturities when current market yields fall below (or penetrate above) their moving averages.

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Contact Governmental Relations Associate Michael McPherson with any questions at 678.686.6390 or [email protected] .

S13A0992 . TURNER COUNTY v. CITY OF ASHBURN et al.

Turner County challenged the constitutionality of this 2010 amendment in TURNER COUNTY v. CITY OF ASHBURN. While their challenge was initially dismissed in the lower court, the Georgia Supreme Court sided with Turner County and struck down the 2010 amendment, codified in OCGA § 48-8-89 (d) (4). The Supreme Court stated that a determination of how LOST proceeds are distributed is strictly political and should not be made by a judicial officer. They further stated that due to the unique nature of the joint taxing authority of the political subdivisions within the LOST special district the determination of allocation must be a joint decision not to be delegated. “Local negotiation” was reaffirmed as the cor-nerstone of the LOST Act whereby both parties must come to an agreement or the tax levy will expire.

COBB COUNTY FINANCE DEPARTMENTJames Pehrson, CPADirector/Comptroller100 Cherokee Street, Suite 400Marietta, Georgia 30090-9610Phone: (770) 528-1503

Decided: October 7, 2013

Supreme Court Ruling on LOST

The Local Option Sales Tax (LOST) Act enacted in 1975 created special districts whose boundaries correspond to the 159 counties and allowed the levying of a sales tax that is neither a county nor city tax, but a special district tax. A cor-nerstone of this act is a “local negotiation” feature whereby the county and qualified municipalities are required to negoti-ate the terms by how the tax is distributed. The onus has always been on the county and qualified municipalities to ne-gotiate an agreement within a specified time period after each decennial census. This was to allow the governing au-thorities to take into account changing demographics when allocating future proceeds. Once agreements were reached a renewal certificate would be filed with the revenue commissioner otherwise the tax would expire on December 31st of the second year following the year when the decennial census was performed.

Of the 159 counties in this state, 154 counties levy a tax under the LOST Act. This ruling once again requires counties and the qualified municipalities to negotiate and file with the revenue commissioner the agreed upon allocation of sales tax proceeds or risk losing this funding source. No longer can local governments rely upon the judicial process to re-solve any irreconcilable differences.

In the Supreme Court of Georgia

In 2010 the legislature amended the LOST Act. This amendment allowed either party, the county or qualified municipali-ties, to petition the superior court of the county in which the special district is located to seek resolution of how proceeds should be allocated if a negotiated agreement could not be reached. The superior court would assign this petition to a judge not presiding in the circuit in which the special district is located to conduct hearings as deemed necessary. The judge’s decision would be considered final and incorporated in the certificate filed with the revenue commissioner. Local governments were now provided an alternative to the “local negotiation” requirement.

Concern over this amendment is that the negotiation phase could be weakened. One party could petition the superior court to determine how tax proceeds should be distributed should an agreement not be reached. This would result in a distribution method that has not been agreed upon by both parties which effectively would eliminate the “local negotia-tion” feature of the LOST Act. In addition, this amendment could potentially force the non-petitioning party to renew its tax levy even if its elected representatives wanted to allow the tax to expire.

Georgia Government Finance Officers Association

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Georgia Labor Force EmploymentUn-

employment

Un-employment

Rate# Change in Un-employment

% Change in Un-

employmentAug-2010 4,719,081 4,239,992 479,089 10.20Aug-2011 4,773,029 4,291,247 481,782 10.10 2,693 0.56%Aug-2012 4,806,478 4,371,523 434,955 9.00 (46,827) -9.72%Aug-2013 4,796,957 4,379,612 417,345 8.70 (17,610) -4.05%

Spalding County Labor Force EmploymentAug-2010 28,621 25,070 3,551 12.40Aug-2011 28,564 24,951 3,613 12.60 62 1.75%Aug-2012 28,674 25,501 3,173 11.10 (440) -12.18%Aug-2013 28,774 25,825 2,949 10.20 (224) -7.06%

Georgia Spalding County

Georgia Spalding County

Data comes from the U.S. Department of Labor, Bureau of Labor Statistics

II. Unemployment Numbers

Un-employment

Un-employment

Rate

Latest Unemployment Figures

% Change in Un-

employment# Change in Un-employment

Georgia, 10.20 10.10 9.00 8.40

Spalding, 13.70 12.60

11.10 10.90

7.50

10.00

12.50

15.00

Aug-2010 Aug-2011 Aug-2012 Aug-2013

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Taxes

Intergovernmental

Licenses and Permits

Charges for Services

Miscellaneous Revenues

Cost allocations, depending on their nature, can be non-cash book entries in order to comply with Generally Accepted Accounting Principles (GAAP). Allocations are designed to shift and allocate costs to business units in order to show true operating costs.)

This category includes insurance settlements, claims, recoveries, and miscellaneous reimbursements.

These are revenues from leased office and parking lot spaces.

Service fees include business occupation tax administration fees, police service charges for copies, documents, etc., plan review and zoning document fees, and pavilion rentals. This category also includes a large portion ($5.8M) in administrative cost allocations coming from enterprise and internal services funds.

The City's general fund revenue sources include (by category) Taxes, Intergovernmental, Fines and Forfeitures, Licenses andPermits, Charges for Services, Rents and Royalties, etc… These types of revenue sources, such as taxes, are subject toeconomic ebbs and flows, are directly and indirectly connected through changes in the unemployment figures.

III. General Fund Revenue SourcesHow do employment economics relate to the City of Griffin and its revenue sources?

Rents and Royalties

This category accounts for revenue sources (predominantly grants) from other governmental agencies.

Investment Income This category represents interest and dividend earnings from investments.

Taxes account for approximately 38 percent of the City's general operating revenue coming from property taxes, local option sales taxes, insurance premium taxes, alcohol taxes, business occupation taxes, and motor vehicle taxes, etc… Property taxes alone represent approximately 15 percent of general fund revenue followed by local option sales tax of approximately 13 percent of general fund revenue.

Licenses and permits make up less than 1 percent of total general fund revenue. Licenses make up approximately 55 percent or $186500 of this category. The balance of 33 percent or $111900 comes from permits.

Fines and Forfeitures Near 4 percent of total general fund revenue, traffic fines make up 66 percent of this category or $670000 with the balance (34 percent or $341000,) from traffic cameras (running red lights), seatbelt fines, and ordinance fines.

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Budget

Rolling Twelve

Month Actual Projection

Projected Over (Under)

Budget % Variance % Weighted

Total Revenues 27,437,554$ 26,796,410$ 28,177,520$ 739,966$ 2.70% 100.00%2 216 226

By CategoryOperating Revenue

Taxes 10,303,800 10,840,950 10,908,750 604,950 5.87% 81.75%Licenses and Permits 338,400 338,560 357,280 18,880 5.58% 2.55%Charges for Services 5,598,128 5,217,220 5,600,570 2,442 0.04% 0.33%Fines and Forfeitures 1,011,000 744,320 855,990 (155,010) -15.33% 20.95%Rents and Royalties 176,876 224,830 190,740 13,864 7.84% 1.87%

Total Operating Revenue 17,428,204 17,365,880 17,913,330 485,126 2.78% 65.56%

Non-operating IncomeIntergovernmental 134,162 417,580 358,380 224,218 167.12% 30.30%Interest/Investment Income 4,000 (2,050) 4,850 850 21.25% 0.11%Contributions and Donations 10,000 200 2,560 (7,440) -74.40% 1.01%Gain (Loss) on Sale of Capital Assets 0 37,640 0 0

Total Non-operating Income 148,162 453,370 365,790 217,628 146.89% 29.41%

Transfers in from Other Funds 9,861,188 8,977,160 9,898,400 37,212 0.38% 5.03%

Total Revenues 27,437,554$ 26,796,410$ 28,177,520$ 739,966$ 2.70% 100.00%

0 0 0

Adjustments:

Gain (Loss) on Sale of Capital Assets: 0 37,640$ 0 0***No adjustments as of the report date.*** 0

Gain (Loss) on Sale of Capital Assets after Adjustments: 0 37,640 0 0Total Adjustments: 0 0 0 0

Total Revenues after Adjustments 27,437,554$ 26,796,410$ 28,177,520$ 739,966$ 2.70%

ANALYSIS:

General FundIV. Revenues by Category

As of September 30, 2013 the revenue forecast model projects Local Option Sales Tax (LOST) revenues at $3.38 million (down $-74 thousand dollars or -2.1 percent of Budget).

Total General Fund Revenues as of the date of this report are forecast at $28.2 million after adjustments (up $740 thousand or 2.7 percent of Budget).

Total General Fund Revenues

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Budget

Rolling Twelve



Budget % Variance% Weighted on Category

Total Tax Revenues 10,303,800$ 10,840,950$ 10,908,750$ 604,950$ 5.87% 100.00%

By CategoryProperty Taxes

Real Property Tax 3,850,000 3,900,360 3,919,080 69,080 1.79% 11.42%Public Utility Tax 30,000 52,340 30,000 0 0.00%Motor Vehicle Tax 250,000 275,140 190,430 (59,570) -23.83% 9.85%MV Title Ad Valorem Tax (TAVT) 0 223,300 565,210 565,210 100.00% 93.43%Intangible Tax 18,400 26,320 22,950 4,550 24.73% 0.75%Railroad Equipment Tax 4,700 5,330 8,470 3,770 80.21% 0.62%Real Estate Transfer Tax 5,700 8,270 6,110 410 7.19% 0.07%Timber Tax 0 0 0 0Real Property Tax - Prior Year 0 19,730 0 0Heavy Equipment Tax 0 0 0 0Property not on Tax Digest 0 0 0 0

Sub-total Property Taxes 4,158,800 4,510,790 4,742,250 583,450 14.03% 96.45%

Franchise TaxesFranchise Fees - Electric 57,000 49,680 54,160 (2,840) -4.98% 0.47%Franchise Fees - Natural Gas 120,000 117,940 119,110 (890) -0.74% 0.15%Franchise Fees - Cable Television 200,000 273,960 242,200 42,200 21.10% 6.98%Franchise Fees - Telephone 145,000 120,460 117,600 (27,400) -18.90% 4.53%Franchise Fees - Video Service 0 21,020 0 0

Sub-total Franchise Fee Taxes 522,000 583,060 533,070 11,070 2.12% 1.83%

Food and Beverage TaxesWine Tax 0 0 0 0Beer Excise Tax 590,000 570,740 585,680 (4,320) -0.73% 0.71%Liquor Excise Tax 55,000 50,630 52,240 (2,760) -5.02% 0.46%

Sub-total Beer, Wine, Liquor & Mixed Drink Tax 645,000 621,370 637,920 (7,080) -1.10% 1.17%

Payment in Lieu of Taxes 0 1,430 7,160 7,160 100.00% 1.18%Local Option Sales Tax (LOST) 3,450,000 3,390,260 3,376,260 (73,740) -2.14% 12.19%Hotel Motel Tax 0 30 0 0Business Occupation Tax 410,000 425,320 419,950 9,950 2.43% 1.64%Insurance Premium Tax 1,000,000 1,177,970 1,064,800 64,800 6.48% 10.71%Financial Institution Tax 78,000 92,070 84,340 6,340 8.13% 1.05%Penalty and Interest on Delinquent Taxes 39,000 35,150 40,420 1,420 3.64% 0.23%Penalty and Interest on Delinquent Business Licenses and Permits 1,000 3,500 2,580 1,580 158.00% 0.26%Homeowner's Tax Relief Grant 0 0 0 0

Total Tax Revenues 10,303,800$ 10,840,950$ 10,908,750$ 604,950$ 5.87% 100.00%

Tax RevenuesGeneral Fund

V. Revenues

Cable fees average $50k to $51k per quarter.Notes: - Franchise Fees are paid in quarterly installments

Phone fees average $36k to $38k per quarter.

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Taxes:

Property Taxes

In Summary

Homeowners Tax Relief Grant (HTRG)

Sales Tax Distribution

Sales Tax Distribution

Jurisdiction Tax TypeFor the Month

Last Twelve Months

Current Fiscal Year

--James Baldwin,American novelist, essayist, playwright and poet

$ 4,971,786

Amount of Distribution

$ 692,235

2. Maintenance and operations (M&O) exemptions increased to $40.4M (up $4M from $36.5M in the prior year).

$ 8,356,666

3. Changes in the gross digest and M&O exemptions reduced the net M&O digest to $522.2M (down $-0.2M from $522.4M in the prior year).

$ 279,708

As of September 30, 2013 the revenue forecast model projects Local Option Sales Tax (LOST) revenues at $3.38 million (down $-74 thousand dollars or -2.1 percent of Budget).

Below is a chart of sales tax distributions for the City of Griffin, Spalding County and Griffin Board of Education. The chart shows distributions for the month, total distributions for the last twelve consecutive months, and year to date for the current fiscal year. Data comes from the Georgia Department of Revenue.

The net levy decreased to $4496930 (down $14560 from $4511490 in the prior year).

$ 8,344,239 SPALDING COUNTY BOARD OF COMMISSIONERS (SPLOST)

SPALDING COUNTY-GRIFFIN BD OF EDUCATION (ELOST)

$ 807,769

SPALDING COUNTY BOARD OF COMMISSIONERS (LOST)

$ 3,377,513

$ 1,994,579

$ 411,164

ELOST

LOST

SPLOST

$ 1,187,153

$ 1,998,877

$ 690,369

“ Not everything that is faced can be changed. But nothing can be changed until it is faced ”

LOST

Sales Tax Distribution As of September 30, 2013

CITY OF GRIFFIN (LOST)

Fiscal year 2009 was the last year for the Homeowners Tax Relief Grant program.

1. The 2013 property tax gross digest increased to just under $562.7M (up $3.8M from $558.9M in the prior year).

https://etax.dor.ga.gov/STDistribution/Default.aspx

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178 190 202 214 226

2010 2011 2012 2013FY 2014

(Projected)Property Tax Revenue 4,798,935$ 4,662,904$ 4,699,665$ 4,699,665$ 4,742,250$ (percentage change over prior years) -2.83% 0.79% 0.00% 0.91%

Penalty and Interest on Delinquent Taxes 43,489$ 29,000$ 56,200$ 33,960$ 40,420$ (percentage change over prior years) -33.32% 93.79% -39.57% 19.02%

2009 2010 2011 2012 2013Real & Personal $570,215,369 $564,247,211 $545,778,551 $526,375,750 $528,670,575Motor Vehicle 36,624,500 31,458,590 30,954,890 32,485,150 34,002,340Mobile HomesPublic UtilityTimber 45,000 5,220Heavy Duty Equipment 6,017Gross Digest 606,890,886 595,711,021 576,733,441 558,860,900 562,672,915(dollar change over prior years) (11,179,865) (18,977,580) (17,872,541) 3,812,015(percentage change over prior years) -1.84% -3.19% -3.10% 0.68%

Less:Maintenance and Operations(M&O) Exemptions: 40,876,237 34,913,558 36,982,207 36,456,368 40,442,206(dollar change over prior years) (5,962,679) 2,068,649 (525,839) 3,985,838(percentage change over prior years) -14.59% 5.93% -1.42% 10.93%

NET: M&O Digest 566,014,649 560,797,463 539,751,234 522,404,532 522,230,709(dollar change over prior years) (5,217,186) (21,046,229) (17,346,702) (173,823)(percentage change over prior years) -0.92% -3.75% -3.21% -0.03%

Millage (rate per thousand dollars) 8.636 8.636 8.636 8.636 8.611Net Levy $4,888,103 $4,843,050 $4,661,290 $4,511,490 $4,496,929(dollar change over prior years) (45,053) (181,760) (149,800) (14,561)(percentage change over prior years) -0.92% -3.75% -3.21% -0.32%

Property Taxes(1)General Fund

(1) Property taxes as presented in the Comprehensive Annual Financial Report Statement of Revenues, Expenditures and Changes in Fund Balances Governmental Funds. Includes Real Property Tax, Public Utility Tax, Timber Tax, Real Property Tax - Prior Year, Motor Vehicle Tax, Railroad Equipment Tax, Intangible Tax, Heavy Equipment Tax, Property-Not-on-Digest, Real estate Transfer Tax, Homeowner's Tax Relief Grant (HTRG).

Tax Digest and 5 Year History

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Budget

Rolling Twelve




Total Licenses and Permits Revenues 338,400$ 338,560$ 357,280$ 18,880$ 5.58% 100.00%

By CategoryLicenses

Beer License 41,500 45,520 46,220 4,720 11.37% 25.00%Wine License 40,000 44,100 45,200 5,200 13.00% 27.54%Liquor License 105,000 115,890 118,210 13,210 12.58% 69.97%

Sub-total Licenses 186,500 205,510 209,630 23,130 12.40% 122.51%Permits

House Moving Permits 0 0 0 0Burn Permits 0 0 0 0Zoning & Land Use Permits 5,000 4,720 6,680 1,680 33.60% 8.90%Sign Permits 15,000 14,550 15,610 610 4.07% 3.23%Catering Permits 500 550 690 190 38.00% 1.01%Building Permits 62,000 43,660 54,400 (7,600) -12.26% 40.25%Plumbing Permits 7,500 7,600 7,330 (170) -2.27% 0.90%Electrical Permits 14,000 14,520 14,090 90 0.64% 0.48%Gas Permits 900 2,370 1,270 370 41.11% 1.96%Mechanical Permits 7,000 7,140 5,300 (1,700) -24.29% 9.00%

Sub-total Licenses and Permits 111,900 95,110 105,370 (6,530) -5.84% 34.59%

Insurance Regulatory Fees 40,000 37,440 41,290 1,290 3.23% 6.83%Interest on Business Licenses 0 500 990 990 100.00% 5.24%Sub-total Licenses and Permits 40,000 37,940 42,280 2,280 5.70% 12.08%

Total Licenses and Permits Revenues 338,400$ 338,560$ 357,280$ 18,880$ 5.58% 100.00%

2010 2011 2012 2013FY 2014

(Projected)Licenses and Permits Revenue $ 300,540 $ 284,588 $ 285,302 $ 319,097 $ 315,000 (percentage change over prior years) -5.31% 0.25% 11.85% -1.28%

Licenses 208,271$ 185,438$ 192,000$ 196,800$ 209,630$ (percentage change over prior years) -10.96% 3.54% 2.50% 6.52%

Permits 92,269$ 99,150$ 93,302$ 122,297$ 105,370$ (percentage change over prior years) 7.46% -5.90% 31.08% -13.84%

Licenses and PermitsGeneral Fund

General FundLicenses and Permits

$300,540

$284,588 $285,302

$319,097

$315,000

2010 2011 2012 2013 FY 2014 (Projected)

Licenses and Permits Revenue

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Total Intergovernmental Revenues 134,162$ 417,580$ 358,380$ 224,218$ 167.12% 100.00%

By CategoryDNR Funding 0 85,110 0 0Federal DEA Overtime Reimbursement 0 19,000 30,940 30,940 100.00% 13.80%City of Atlanta HIDTA 0 0 0 0GMA Mutual Aid Reimbursements 0 0 0 0School Resource Officers 68,200 67,630 68,200 0 0.00%Prism Training Revenue 5,000 1,870 5,850 850 17.00% 0.38%Spalding County Board of Education 0 0 0 0Reimbursement Spalding County 60,962 0 60,960 (2) 0.00% 0.00%OGA - Griffin Spalding Development Authority 0 20,000 0 0

0Grants 0

LCI Grant ARC 0 0 0 0LLEBG - Vest Grant 0 0 0 0GA DOT Grants - LMIG 0 192,430 192,430 192,430 100.00% 85.82%Byrne Grant 0 31,540 0 0GMA Safety Grant 0 0 0 0FEMA Grants 0 0 0 0

Sub-total Grants 0 223,970 192,430 192,430 100.00% 85.82%

Total Intergovernmental Revenues 134,162$ 417,580$ 358,380$ 224,218$ 167.12% 100.00%

2010 2011 2012 2013FY 2014

(Projected)Total Intergovernmental Revenue 406,382$ 678,255$ 275,160$ 219,917$ 358,380$ (percentage change over prior years) 66.90% -59.43% -20.08% 62.96%

Intergovernmental Reimbursements 383,429$ 394,755$ 207,160$ 175,217$ 165,950$ (percentage change over prior years) 2.95% -47.52% -15.42% -5.29%

Grants 22,953$ 283,500$ 68,000$ 44,700$ 192,430$ (percentage change over prior years) 1135.13% -76.01% -34.26% 330.49%

IntergovernmentalGeneral Fund

Intergovernmental RevenuesGeneral Fund

$406,382

$678,255

$275,160 $219,917

$358,380

2010 2011 2012 2013 FY 2014 (Projected)

Total Intergovernmental Revenue

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Total Charges for Services Revenues 5,598,128$ 5,217,220$ 5,600,570$ 2,442$ 0.04% 100.00%

By CategoryIndirect Cost Allocations 5,350,678 4,987,320 5,344,330 (6,348) -0.12% 259.95%Returned Check Fees 0 280 210 210 100.00% 8.60%Election Qualifying Fees 0 0 3,760 3,760 100.00% 153.97%Business Occupation Tax Administration Fee 24,000 28,770 25,740 1,740 7.25% 71.25%Business List Reports 0 0 30 30 100.00% 1.23%Data Processing Fees 25,000 11,030 17,700 (7,300) -29.20% 298.94%Credit Card Fees 0 2,190 2,770 2,770 100.00% 113.43%Fire Inspections 100 10 190 90 90.00% 3.69%Cemetery Fees 159,600 159,210 165,110 5,510 3.45% 225.63%Pool Service Fees 5,250 3,140 3,490 (1,760) -33.52% 72.07%Sale of Recycled Materials 0 0 0 0Pavilion Rental 8,900 7,900 9,830 930 10.45% 38.08%Plan Review Fees 20,000 9,200 15,770 (4,230) -21.15% 173.22%Reimbursement Fees 0 3,020 4,440 4,440 100.00% 181.82%Demolition Recovery Fees 4,000 4,600 6,710 2,710 67.75% 110.97%Customer Service Fee 0 0 0 0Zoning Application Fees 600 550 490 (110) -18.33% 4.50%

Total Charges for Services Revenues 5,598,128$ 5,217,220$ 5,600,570$ 2,442$ 0.04% 100.00%

2010 2011 2012 2013FY 2014

(Projected)Charges for Services Revenue 5,043,464$ 4,454,639$ 4,913,673$ 4,750,913$ 5,600,570$ (percentage change over prior years) -11.68% 10.30% -3.31% 17.88%

Indirect Cost Allocations 4,743,332$ 4,178,087$ 4,673,000$ 4,437,900$ 5,793,730$ (percentage change over prior years) -11.92% 11.85% -5.03% 30.55%

Charges for Services 300,132$ 276,552$ 240,673$ 313,013$ (193,160)(percentage change over prior years) -7.86% -12.97% 30.06% -161.71%

General Fund



General Fund

$5,043,464

$4,454,639

$4,913,673 $4,750,913

$5,600,570

2010 2011 2012 2013 FY 2014 (Projected)

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Total Fines and Forfeitures Revenue 1,011,000$ 744,320$ 855,990$ (155,010)$ -15.33% 100.00%

By CategoryPolice Revenue 16,000 12,930 13,720 (2,280) -14.25% 1.47%Traffic Fines 670,000 490,330 575,620 (94,380) -14.09% 60.89%Camera Traffic Light Fines 315,000 239,820 261,950 (53,050) -16.84% 34.22%Code Violations 0 0 0 0Seat Belt Fines 0 0 0 0Ordinance Fines 10,000 1,240 4,700 (5,300) -53.00% 3.42%

Total Fines and Forfeitures Revenue* 1,011,000$ 744,320$ 855,990$ (155,010)$ -15.33% 100.00%

*** Seat Belt Fines --- beginning July 1, 2011 seat belt fines are combined with traffic fines.

Fines and ForfeituresGeneral Fund

$758,948

$644,537

$728,000

$636,100

$530,380

$403,596 $434,595

$318,276 $310,300

$252,380

30-Jun-09 30-Jun-10 30-Jun-11 30-Jun-12 30-Jun-13

Traffic Fines Camera Traffic Light Fines

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Other RevenuesInvestment Income 4,000$ (2,050)$ 4,850$ 850$ 21.25% 1.91%

Rents, Royalties and OtherRents 176,876 196,660 182,660 5,784 3.27% 13.00%Insurance Claims 0 17,710 7,500 7,500 100.00% 16.86%Miscellaneous Revenue 0 10,470 580 580 100.00% 1.30%Contributions and Donations 10,000 190 2,560 (7,440) -74.40% 16.72%

Sub-total Rents, Royalties and Other 186,876 225,030 193,300 6,424 3.44% 14.44%

Proceeds and Other Financing SourcesProceeds of GMA Leases 0 0 0 0Proceeds of Sales of Fixed Assets 0 37,640 0 0Sub-total Proceeds and Other Financing Sources 0 37,640 0 0

Transfers:

Transfer from Confiscated Assets Fund 0 0 0 0Transfer from Hotel Motel Tax Fund 24,848 27,800 27,960 3,112 12.52% 7.00%Transfer from Police Tech Fund 0 0 0 0Transfer from Court Tech Fund 0 0 0 0Transfer from Cemetery FundTransfer from Water/Wastewater Fund 1,800,000 1,800,000 1,800,000 0 0.00% 0.00%Transfer from Electric Fund 8,036,340 7,112,260 8,036,340 0 0.00% 0.00%Transfer from Welcome Center Fund 18,550 17,050 17,050 100.00% 38.33%Transfer from Solid Waste FundTransfer from Airport FundTransfer from Storm Water FundTransfer from Golf CourseTransfer from Motor PoolTransfer from GBTA 18,550 17,050 17,050 100.00% 38.33%

Sub-total Transfers from Other Funds 9,861,188 8,977,160 9,898,400 37,212 0.38% 83.65%

Total Other Revenues 10,052,064$ 9,237,780$ 10,096,550$ 44,486$ 0.44% 100.00%

Other RevenuesGeneral Fund

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2010 2011 2012 2013FY 2014

(Projected)Interest Income 15,966$ 6,847$ 8,829$ 8,829$ 4,850$ (percentage change over prior years) -57.12% 28.95% 0.00% -45.07%

Rental Income 191,521$ 195,969$ 196,689$ 193,874$ 182,660$ (percentage change over prior years) 2.32% 0.37% -1.43% -5.78%

Donations and Contributions 883$ 0 454$ 0 2,560$ (percentage change over prior years) -100.00% 0.00% -100.00% 0.00%

Other Revenues 14,884$ 28,680$ 4,957$ 16,871$ 8,080$ (percentage change over prior years) 92.69% -82.72% 240.35% -52.11%

--Johann Wolfgang von Goethe,German writer, artist and politician

Other RevenuesGeneral Fund

“ All truly wise thoughts have been thought already thousands of times; but to make them truly ours, we must think them over again honestly, till they take root in our personal experience. "

$15,966

$6,847

$8,829 $8,829

$5,000

$10,000

$15,000

$20,000

2010 2011 2012 2013 FY 2014 (Projected)

Interest Income

Interest Income

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Revenue Status Report FY 2013-2014 - General Fund

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Transcript of Revenue Status Report FY 2013-2014 - General Fund