city of flagstaff – gfoaz – october 21, 2011. general fund revenue overview (in thousands)
TRANSCRIPT
![Page 1: City of Flagstaff – GFOAZ – October 21, 2011. General Fund Revenue Overview (in thousands)](https://reader036.vdocuments.net/reader036/viewer/2022062422/56649f165503460f94c2b8e5/html5/thumbnails/1.jpg)
City of Flagstaff – GFOAZ – October 21, 2011
![Page 2: City of Flagstaff – GFOAZ – October 21, 2011. General Fund Revenue Overview (in thousands)](https://reader036.vdocuments.net/reader036/viewer/2022062422/56649f165503460f94c2b8e5/html5/thumbnails/2.jpg)
General Fund Revenue Overview(in thousands)
![Page 3: City of Flagstaff – GFOAZ – October 21, 2011. General Fund Revenue Overview (in thousands)](https://reader036.vdocuments.net/reader036/viewer/2022062422/56649f165503460f94c2b8e5/html5/thumbnails/3.jpg)
Proposed New Taxes/Fees
![Page 4: City of Flagstaff – GFOAZ – October 21, 2011. General Fund Revenue Overview (in thousands)](https://reader036.vdocuments.net/reader036/viewer/2022062422/56649f165503460f94c2b8e5/html5/thumbnails/4.jpg)
![Page 5: City of Flagstaff – GFOAZ – October 21, 2011. General Fund Revenue Overview (in thousands)](https://reader036.vdocuments.net/reader036/viewer/2022062422/56649f165503460f94c2b8e5/html5/thumbnails/5.jpg)
General Fund Revenues
Sales tax options Use tax – no Medical marijuana taxation - no
User fees - no Primary property taxes
Maintained revenue; allowed statutory increase
Franchise fees Voter increase May 2010 for APS
Interest earnings Outsourced investing
![Page 6: City of Flagstaff – GFOAZ – October 21, 2011. General Fund Revenue Overview (in thousands)](https://reader036.vdocuments.net/reader036/viewer/2022062422/56649f165503460f94c2b8e5/html5/thumbnails/6.jpg)
Expenditures
Salary reduction of 1.2% No salary increases for 3 fiscal years Benefit decreases Loss of 121 positions (13%) General fund
19% decrease FY2010 6% decrease FY2011 2% decrease FY2012 – eliminated
structural deficit
![Page 7: City of Flagstaff – GFOAZ – October 21, 2011. General Fund Revenue Overview (in thousands)](https://reader036.vdocuments.net/reader036/viewer/2022062422/56649f165503460f94c2b8e5/html5/thumbnails/7.jpg)
Grants$2.2 M in FY08; $3.4 M in FY12
State shared revenue1.26% FY11; 1.31% FY12
Renewed economic interestAspen Sawmill project
November 2010 bond election$16.5 M Street/Utility project$4.72M Public Safety radio
Success!