revenue status report fy 2011-2012 - general fund 20111031

8/3/2019 Revenue Status Report FY 2011-2012 - General Fund 20111031

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The Iris CityGriffin... Great and Growing

Where an old town charm

and a big city convenience

combine altogether, it makes

the perfect place to live,

work and raise a family.

Take a few moments to seeall that Griffin has to offer:

Relaxed Lifestyle

Superior Schools & Recreational FacilitiesGrowing Industry and Commerce

Markus Schwab, CPA.CITP

100 South Hill Street Chief Financial Officer

Griffin, Georgia 30223 Chuck Olmsted

Phone: 770.229.6401 Fax: 678.692.0402 Accounting Manager

As of October 31, 2011

Revenue Status Report

General Fund

(Unaudited - Internal Use Only)

CITY OF GRIFFIN DEPARTMENT OF

ADMINISTRATIVE SERVICES - FINANCE

Page 1 of 19
http://www.cityofgriffin.com/


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I. Current Economics 3

II. Unemployment Numbers 7

III. General Fund Revenue Sources 8

IV. Revenues by Category 9

V. Revenues 10

Taxes 10

Property Taxes 11, 12

Licenses and Permits 13

Intergovernmental 14

Charges for Services 15

Fines and Forfeitures 16Other Revenues 17, 18


Table of Contents


Revenue Status Report - General Fund

CITY OF GRIFFIN

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CITY OF GRIFFIN

THE WALL STREET JOURNAL

THE WALL STREET JOURNAL

Economists and others weigh in onthe downward revision to third-quarter gross domestic product.

The weakness comes primarily from the stronger decline in inventories The key here is that although the headline is weaker and

many of the components are shaded off, the decline in inventories shows in our opinion that firms are using their heads and planning

ahead. The run down in inventories now means there is less chance of a steep inventory cut back later and also means if (in the unlikely

scenario) there is an upside surprise the pick up will be exaggerated. David Semmens, Standard Chartered Bank

The downward revision to inventories was not nearly as much as some had anticipated. Along with a meaningful drop in private

investment residential construction was revised meaningfully lower while virtually every other major component was revised down as

well the GDP report was lessgood than we thought it might have been. Dan Greenhaus, BTIG LLC

The downward revision to inventories has positive (albeit temporary) implications for future growth, since leaner inventory stocks

point to the need for more production growth. IHS Global Insight now expects fourth quarter growth to be in the 2.5% to 3.0% range.

However, growth is likely to grind down again in the first half of 2012 to less than 2%. Bottom line: despite the downward revision to

third quarter GDP, the recent U.S. data seem to indicate that the glass is still half full. Nariman Behravesh, IHS Global Insight

We continue to believe that the medium-term trend of real GDP growth will be modest at best as the economy continues to struggle

with the aftermath of the credit/asset price bubble. That economic growth has been as soft as currently reported in spite of

unprecedented monetary and fiscal stimulus speaks volumes about the severity of the post-bubble adjustment process. Indeed, it would

be wise to remember that in 2011 the economy has benefited from a 2 percentage point cut in the payroll tax, a large boost in tax

incentives for business to invest in capital equipment, and countless efforts by the Federal Reserve and the federal government to boost

growth. In large part due to all of this policy stimulus Joshua Shapiro, MFR Inc.

The failure of the Super Committee suggests that an extension of the payroll tax cut and unemployment benefits are going to be

more difficult to get through Congress. This would mean that in 2012 the underpinnings of the US economic recovery managing only 2%

real growth and built on the real goods sector selling more stuff overseas will include less Federal stimulus and contractionary policies in

Europe. This adds up to another year of minimal growth with no real progress towards reducing long-term unemployment. Steven Blitz,

ITG Investment Research

I. Current EconomicsPosted Tuesday, November 22, 2011

By Phil Izzo | ECONOMICS

Unemployment Rates Drop in Most States

Economists React: What do GPD Revisions Mean for Future?

Unemployment rates dropped in almost three quarters of the U.S. states last month, the Labor Department reported, as a slow

improvement in the jobs picture spreads across the country.

Thirty-six states and Washington, D.C. posted declines in their unemployment rates in October. Nine had no change and five showed

increases. Nationally, the unemployment rate declined to 9% from 9.1% last month. Fifteen states and Washington have rates higher

than the national rate.

Nevada still far and away has the highest unemployment rate at 13.4%, followed by California at 11.7% and Washington, D.C. at 11%.

With a 3.5% jobless rate North Dakota has the lowest in the U.S.

Compared to September 12 states registered statistically significant unemployment rate drops. The largest of these were in Alabama,

Michigan, and Minnesota (down 0.5 percentage point each), followed by South Carolina and Utah (down 0.4 point each).

Posted Tuesday, November 22, 2011

By Phil Izzo | ECONOMICS

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CITY OF GRIFFIN

October 19, 2011

Federal Reserve Districts

Sixth District--Atlanta

This mornings GDP data are much worse than the headlines suggest. The more reliable GDI [gross domestic income] rose only 0.4% in

the third quarter after 0.2% in the second Worse: second-quarter estimate of GDI revised down from 1.3% to 0.2% In case you are

feeling optimistic, remember: The optimistic GDP data tend to be revised toward the pessimistic GDI data. Not the reverse. Justin

Wolfers, The Wharton School

The revision tweaks the third quarter profile, but does nothing to alter the stronger momentum going into the fourth quarter. That is

all that matters. GDP in fourth quarter is still set to be 3.0% or higher, and in some ways the downward revisions providers a marginally

better set-up for fourth quarter given the mix of revisions. Eric Green, TD Securities

The benchmark data on payrolls for the second quarter were incorporated into the personal income figures, yielding a sizable

downward revision to wage and salary income (roughly $40 billion). I find this troubling, as we had already seen a disturbing slide in the

savings rate in the third quarter. For the record, real disposable income has now fallen in both the second and third quarter. This makes

the resilience in consumer outlays in the summer all the more puzzling (and impressive). Thankfully, a modest uptick in job growth

coupled with some relief in energy prices should result in an improved situation for households in the fourth quarter (and presumably a

rebound in the savings rate). In any case, the labor income situation bears close watching, as spending is holding up well for the moment

but will have little staying power if real disposable income fails to post commensurate gains. Stephen Stanley, Pierpoint Securities

[The downward revision to personal income growth] provides a very weak backdrop for the household sector and will likely bringuncertainty concerning the extension of the payroll tax cut and extended unemployment benefits into sharper focus for policymakers.

Peter Newland, Barclays Capital

Corporate profits continue to grow at a solid pace as margins expand further (particularly for nonfinancial domestic companies). We

are suspicious of the income estimate of GDP, which grew by only 0.2% in the third quarter, because of the sharp slowing in wage and

salary incomes (in turn this suspicion casts doubt on the extent of the decline in the savings rate in the third quarter). RDQ Economics

Dig into an interactive summary of economists forecasts for the coming year from the latest WSJ.com survey.

Business contacts in the Sixth District indicated that economic activity continued to expand at a modest pace in September

and early October. Merchants noted that retail sales decelerated slightly compared with the previous month, although auto

sales continued to advance at a solid pace. Tourism activity remained robust throughout most of the District. Homebuildersand Real Estate brokers reported that new and existing home sales remained weak and home prices continued to decline.

Commercial developers indicated that construction activity increased moderately compared with weak year-ago levels, and

brokers noted an increase in relocation activity. Manufacturers reported a modest decline in production and new orders.

Weakness in loan demand persisted, according to banking contacts as both consumers and businesses refrained from

borrowing. Hiring for permanent positions remained very subdued across most sectors. Pricing pressures moderated

somewhat as input costs declined or leveled off.

Consumer Spending and Tourism

District retailers reported that sales decelerated slightly in September compared with the August results. Reports were mixed

among contacts with half noting that sales were below plan and the remainder was evenly split between those reporting

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CITY OF GRIFFIN

sales at or above expectations. On a year-over-over basis, sales were generally higher although traffic was lower. Most

contacts anticipated that holiday sales would be similar to 2010 results. Auto dealers reported that sales continued to

increase.

Many retail contacts planned to raise prices, expecting to retract the increases if customers pushed back. Merchants

continued to aggressively discount products to draw in traffic and have found it difficult to end such practices because ofconcern over losing customers.

Leisure and business travel remained strong in the District. Occupancy rates continued to improve, and both airport and

cruise traffic were up. International visitors bolstered activity, mainly in Florida. Group bookings and theme park attendance

were up in most areas. Overall, hospitality contacts expect a vibrant holiday season.

Real Estate and Construction

Residential brokers indicated that sales softened somewhat in September compared with the previous month and were flat to

slightly up compared with very weak levels from last year. Florida brokers reported that home sales growth slowed. Outside

of Florida, Southeast brokers noted a modest pickup in sales growth. Cash purchases by investors, second home buyers,

international buyers, and retirees accounted for much of the sales activity across most of the Southeast, according to

contacts. Existing home prices remained below year earlier levels. District brokers anticipate only modest sales growth over

the next several months.

Reports from District builders indicated that new home sales and construction activity were largely unchanged in September

and were slightly ahead of weak levels from a year ago. Home builders continued to report that new home prices were

largely flat compared with the previous month and a year ago. Overall, construction and new home sales growth are

expected to be similar to weak year-ago levels over the next several months.

Half of District commercial contractors polled reported that construction activity in September exceeded the first half of the

year, while just under one-third signaled that activity was weaker. Backlogs reportedly increased modestly as well. The

outlook among contractors remained weak as most anticipated commercial development to be flat or down on a year-over-

year basis for the remainder of 2011 and into 2012. Commercial brokers remarked that market dynamics continued to largely

favor tenants in the District, particularly in the retail sector. However, some reports indicated that available office space had

declined, and with little new office development underway, this could result in an increase in rental rates. An opposing view

shared by some contacts was that smaller blocks of office space remained abundant on a sub-lease basis from tenants that

have downsized, but are still paying for unused space. Corporate expansion and relocation interest has picked up in somemarkets, which could have a positive impact on inventory and construction.

Manufacturing and Transportation

Overall, manufacturers indicated a modest decline in new orders and production levels in September. In addition, fewer

contacts noted plans to raise production in the near term. Energy exploration and extraction firms cited investing more in

capital goods, which is expected to help equipment producers and suppliers. Auto manufacturers reported that the impact

from the disaster in Japan had waned and that production is back to normal. Firms stated that they were increasing

investment in technology-based equipment as a means to increase efficiency.

Contacts reported that volumes of shipments were above last year's levels, and that chemical and agricultural goods

shipments, in particular, were strong. Rail contacts noted that shipments of energy and food-related products were driving

increases in activity.

Banking and FinanceBanking contacts indicated continued weak loan demand. Loan growth remains a concern for banks in the Sixth District.

Lending levels continued to fall as new opportunities remained highly elusive and very competitive. Deposits increased as

people and businesses added to their savings. The majority of large firms continued to have ready access to cash and lines

of credit, while some small firms and many new firms that sought credit continued to experience difficulty. There were reports

of non-bank entities, like private equity firms and groups of wealthy individuals, becoming increasingly interested in small

business lending.

Employment and Prices

Employers continued to manage their labor supply very tightly. Most contacts indicated that the outlook for hiring remained

restrained by modest expectations regarding future sales. Several reports suggested that permanent employees were

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CITY OF GRIFFIN

primarily being used to maintain a firm's core business, while specific projects were being assigned to contractors and

temporary hires. Firms continued to seek efficiency gains through investment in technology and other cost-saving

applications. Hiring contacts highlighted having difficulties finding qualified candidates for specialized positions, in some

cases, because of a lack of geographic mobility for potential hires. For lower wage positions, agencies reported numerous

employment opportunities; however, the positions were contingent on passing skills tests and/or background checks, which

many applicants failed.

On balance, contacts reported that input prices had receded or leveled off from earlier this year. Retailers continued to

heavily discount products. Businesses mentioned pursuing various cost-cutting measures in order to support positive

margins. Manufacturers noted general success passing on earlier increases in commodity prices. Any plans to increase

wages were generally limited to employees with a high degree of technical skills.

Natural Resources and Agriculture

District oil and gas production declined in early September as energy producers reduced offshore operations and vacated

staff in the path of Tropical Storm Lee in the Gulf of Mexico. Industry contacts indicated that plans to invest in increased

production capacity were proceeding. In particular, contacts reported that new drilling technology had reduced costs and

increased extraction capabilities for both oil and gas.

Drought conditions persisted in much of Georgia and parts of Alabama. High livestock feed costs were pressuring poultry

producers but were being successfully passed on by cattle producers. Corn prices remained elevated and cotton prices paid

to farmers increased modestly since the last report, although cotton futures prices have declined somewhat further in recent

weeks. Agriculture contacts continued to report concerns over labor shortages and production issues that they tied to

recently passed immigration laws in some states.

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CITY OF GRIFFIN

Georgia Labor Force Employment

Un-

employment

Un-

employment

Rate

# Change in

Un-

employment

% Change in

Un-

employment

Sep-2008 4,819,886 4,489,013 330,873 6.90

Sep-2009 4,740,912 4,253,865 487,047 10.30 156,174 47.20%

Sep-2010 4,680,786 4,201,082 479,704 10.20 (7,343) -1.51%Sep-2011 4,732,219 4,244,748 487,471 10.30 7,767 1.62%

Spalding County Labor Force Employment

Sep-2008 28,519 25,932 2,587 9.10

Sep-2009 28,768 24,393 4,375 15.20 1,788 69.11%

Sep-2010 27,874 24,170 3,704 13.30 (671) -15.34%

Sep-2011 28,271 24,424 3,847 13.60 143 3.86%

Griffin Labor Force Employment

Jun-2008 9,704 8,688 1,016 10.50

Jun-2009 10,037 8,119 1,918 19.10 902 88.78%

Jun-2010 9,313 8,006 1,307 14.00 (611) -31.86%

Jun-2011 9,436 7,957 1,479 15.70 172 13.16%

Georgia Spalding County

Georgia Spalding County

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

% Change in

Un-

employment

Latest Unemployment Figures

# Change in

Un-

employment

Un-

employment

Rate

Un-

employment

Rate

# C ange n

Un-

employment

Un-

employment

II. Unemployment Numbers

Un-

employment

% C ange n

Un-

employment

Georgia, 4.70

10.30 10.20 Georgia, 10.30Spalding, 5.90

15.20 13.30 Spalding, 12.50Griffin, 7.10

19.10

14.00Griffin, 15.70Griffin, July 2009, 19.6

0.00

7.00

14.00

21.00

Sep-2008 Sep-2009 Sep-2010 Sep-2011

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CITY OF GRIFFIN

Taxes

Inter overnmental

Licenses and Permits

Charges for Services

Miscellaneous Revenues

Taxes account for approximately 61 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 24 percent of general fund revenue followed by

local option sales tax of approximately 19 percent of general fund revenue.

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

Fines and Forfeitures Near 7 percent of total general fund revenue, traffic fines make up 66 percent of this

category or $762000 with the balance (34 percent or $393000,) from traffic cameras

(running red lights), parking tickets, seatbelt fines, and ordinance fines.

Service fees include business occupation tax administration fees, police service

charges for copies, documents, etc., plan review and zoning document fees, andpavilion rentals. This category also includes a large portion ($4.4M) 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 and

Permits, Charges for Services, Rents and Royalties, etc These types of revenue sources, such as taxes, are subject to

economic ebbs and flows, are directly and indirectly connected through changes in the unemployment figures.

Rents and Royalties

This category includes insurance settlements, claims, recoveries, and miscellaneousreimbursements.

These are revenues from leased office and parking lot spaces.

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

governmental agencies.

Licenses and permit make up less than 2 percent of the general fund revenue source.

Licenses make up approximately 72 percent or $194000 of this category. The balance

of 28 percent or $74700 comes from permits and 0 percent or $0 from regulatory

fees and interest from delinquent payments.

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 the business units in order to show the true

operating costs.)

III. General Fund Revenue Sources

How do employment economics relate to the City of Griffin and its revenue sources?

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CITY OF GRIFFIN

Budget

Rolling

Twelve

Month Actual Projected

Projected

Over

(Under)

Budget % Variance % W eighted

Total Revenues 17,075,970$ 25,280,720$ 17,387,080$ 311,110$ 1.82% 100.00%

2 194 202

By Category

Operating Revenue

Taxes 10,426,000 11,058,640 10,480,240 54,240 0.52% 17.43%

Licenses and Permits 268,700 332,200 366,700 98,000 36.47% 31.50%

Charges for Services 4,654,420 4,831,500 4,728,600 74,180 1.59% 23.84%

Fines and Forfeitures 1,155,000 971,800 1,130,600 (24,400) -2.11% 7.84%

Rents and Royalties 177,780 201,930 211,800 34,020 19.14% 10.94%

Total Operating Revenue 16,681,900 17,396,070 16,917,940 236,040 1.41% 75.87%

Non-operating Income

Intergovernmental 207,800 230,800 216,700 8,900 4.28% 2.86%

Interest/Investment Income 10,500 12,400 16,800 6,300 60.00% 2.03%

Contributions and Donations 0 790 340 340 100.00% 0.11%

Gain (Loss) on Sale of Capital Assets 80,770 (1,720) 92,000 11,230 13.90% 3.61%

Total Non-operating Income 299,070 242,270 325,840 26,770 8.95% 8.60%

Transfers in from Other Funds 95,000 7,642,380 143,300 48,300 50.84% 15.53%

Total Revenues 17,075,970$ 25,280,720$ 17,387,080$ 311,110$ 1.82% 100.00%

0 0 0

Adjustments:

Gain (Loss) on Sale of Capital Assets: 80,770$ (1,720)$ 92,000$ 11,230$

***No adjustments as of the report date.*** 0

Gain (Loss) on Sale of Capital Assets

after Adjustments: 80,770 (1,720) 92,000 11,230

Total Adjustments: 0 0 0 0

Total Revenues after Adjustments 17,075,970$ 25,280,720$ 17,387,080$ 311,110$ 1.82%

ANALYSIS:

IV. Revenues by Category

As of October 31, 2011 the revenue forecast model projects Local Option Sales Tax (LOST) revenues at $3.4 million (up

$140 thousand dollars or 4.2 percent of Budget).

Total General Fund Revenues

General Fund

Total General Fund Revenues as of the date of this report are forecast at $17.4 million after adjustments (up $311thousand or 1.82 percent of Budget).

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CITY OF GRIFFIN

Budget

Rolling

Twelve


Projected

Over

(Under)

Budget % Variance

% Weighted

on Category

Total Tax Revenues 10,426,000$ 11,058,640$ 10,480,240$ 54,240$ 0.52% 100.00%

By Category

Property Taxes

Real Property Tax 3,800,000 4,174,600 3,712,500 (87,500) -2.30% 161.32%

Public Utility Tax 45,000 300 38,000 (7,000) -15.56% 12.91%

Motor Vehicle Tax 275,000 283,770 282,840 7,840 2.85% 14.45%

Intangible Tax 14,000 14,600 15,600 1,600 11.43% 2.95%

Railroad Equipment Tax 4,000 4,900 4,700 700 17.50% 1.29%

Real Estate Transfer Tax 6,000 5,200 5,100 (900) -15.00% 1.66%

Timber Tax 0 0 0 0Real Property Tax - Prior Year 0 215,810 0 0

Heavy Equipment Tax 0 0 0 0Property not on Tax Digest 0 3,000 0 0

Sub-total Property Taxes 4,144,000 4,702,180 4,058,740 (85,260) -2.06% 157.19%

Franchise Taxes

Franchise Fees - Electric 75,000 56,460 72,600 (2,400) -3.20% 4.42%

Franchise Fees - Natural Gas 160,000 160,600 160,600 600 0.38% 1.11%

Franchise Fees - Cable Television 230,000 165,300 222,900 (7,100) -3.09% 13.09%

Franchise Fees - Telephone 141,000 123,000 134,500 (6,500) -4.61% 11.98%

Sub-total Franchise Fee Taxes 606,000 505,360 590,600 (15,400) -2.54% 28.39%

Food and Beverage Taxes

Wine Tax 0 0 0 0

Beer Excise Tax 500,000 577,100 527,200 27,200 5.44% 50.15%Liquor Excise Tax 71,000 46,800 71,500 500 0.70% 0.92%

Sub-total Beer, Wine, Liquor & Mixed

Drink Tax 571,000 623,900 598,700 27,700 4.85% 51.07%

Payment in Lieu of Taxes 5,000 0 4,000 (1,000) -20.00% 1.84%

Local Option Sales Tax (LOST) 3,300,000 3,426,000 3,440,000 140,000 4.24% 258.11%

Hotel Motel Tax 0 0 0 0

Business Occupation Tax 400,000 405,600 400,500 500 0.13% 0.92%

Insurance Premium Tax 1,300,000 1,263,000 1,267,000 (33,000) -2.54% 60.84%

Financial Institution Tax 80,000 84,100 75,600 (4,400) -5.50% 8.11%

Penalty and Interest on Delinquent

Taxes 20,000 47,500 44,300 24,300 121.50% 44.80%Penalty and Interest on Delinquent

Business Licenses and Permits 0 1,000 800 800 100.00% 1.47%

Homeowner's Tax Relief Grant 0 0 0 0

Total Tax Revenues 10,426,000$ 11,058,640$ 10,480,240$ 54,240$ 0.52% 100.00%

Cable fees average $50k to $51k per quarter.

Tax Revenues

General Fund

V. Revenues

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

Notes: - Franchise Fees are paid in quarterly installments

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CITY OF GRIFFIN

Taxes:

Property Taxes

In Summary

Homeowners Tax Relief Grant (HTRG)

Sales Tax Distribution

Sales Tax Distribution

Jurisdiction Tax Type

For the

Month

Last

Twelve

Months

Current

Fiscal Year

--Tom Willman,

financial advisory principal at Hackett Group, as qoute by CFO.com

IT builds the tools and architecture, but it can't tell the business how the data should look.

The business must own the data.

Spalding - CITY OF GRIFFIN (LOST)

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

Spalding - SPALDING COUNTY BOARD OF COMMISSIONERS (LOST)

$ 8,523,751

LOST

2. Maintenance and operations (M&O) exemptions decreased to $37M (up $2.1M from $34.9M in the prior year).

$ 740,499

1. The 2011 property tax gross digest decreased to just under $580.1M (down $-15.7M from $595.7M in the prior year).

$ 8,603,543Spalding - SPALDING COUNTY - GRIFFIN BOARD OF EDUCATION (ELOST)

Spalding - SPALDING COUNTY BOARD OF COMMISSIONERS (SPLOST) SPLOST

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.

$ 2,936,472

$ 5,103,463

$ 296,196 $ 3,420,413

ELOST

$ 1,174,556

$ 740,190

Amount of Distribution

The net levy decreased to $4689990 (down $153060 from $4843050 in the prior year).

3. Changes in the gross digest and M&O exemptions reduced the net M&O digest to $543.1M (down $-17.7M from $560.8M in the prior

year).

LOST

$ 2,935,241

As of October 31, 2011 the revenue forecast model projects Local Option Sales Tax (LOST) revenues at $3.4 million (up $140 thousand

dollars or 4.2 percent of Budget).

$ 1,761,831

Sales Tax Distribution As of October 31, 2011

$ 444,294

Page 11 of 19
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CITY OF GRIFFIN

2008 2009 2010 2011

2012

(Projected)

Property Tax Revenue 4,798,148$ 4,682,938$ 4,798,935$ 4,662,904$ 4,058,740$

(percentage change over prior years) -2.40% 2.48% -2.83% -12.96%

Penalty and Interest on Delinquent Taxes 20,808$ 28,953$ 43,489$ 29,000$ 44,300$

(percentage change over prior years) 39.14% 50.21% -33.32% 52.76%

2007 2008 2009 2010 2011

Real & Personal $593,772,680 $595,986,256 $570,215,369 $564,247,211 $545,778,551

Motor Vehicle 35,377,370 35,403,020 36,624,500 31,458,590 34,277,550

Mobile Homes 10,494

Public Utility

Timber 14,575 45,000 5,220

Heavy Duty Equipment 28,760 6,017

Gross Digest 629,160,544 631,432,611 606,890,886 595,711,021 580,056,101

(dollar change over prior years) 2,272,067 (24,541,725) (11,179,865) (15,654,920)

(percentage change over prior years) 0.36% -3.89% -1.84% -2.63%

Less:Maintenance and Operations

(M&O) Exemptions: 45,219,895 50,826,550 40,876,237 34,913,558 36,982,207

(dollar change over prior years) 5,606,655 (9,950,313) (5,962,679) 2,068,649

(percentage change over prior years) 12.40% -19.58% -14.59% 5.93%

NET: M&O Digest 583,940,649 580,606,061 566,014,649 560,797,463 543,073,894

(dollar change over prior years) (3,334,588) (14,591,412) (5,217,186) (17,723,569)

(percentage change over prior years) -0.57% -2.51% -0.92% -3.16%

Millage (rate per thousand dollars) 8.600 8.638 8.636 8.636 8.636Net Levy $5,021,890 $5,015,280 $4,888,100 $4,843,050 $4,689,990

(dollar change over prior years) (6,610) (127,180) (45,050) (153,060)

(percentage change over prior years) -0.13% -2.54% -0.92% -3.16%

(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

General Fund

Property Taxes(1)

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CITY OF GRIFFIN

Budget

Rolling

Twelve


Projected

Over

(Under)

Budget % Variance

% Weighted

on Category

Total Licenses and Permits Revenues 268,700$ 332,200$ 366,700$ 98,000$ 36.47% 100.00%

By Category

Licenses

Beer License 40,000 38,300 38,900 (1,100) -2.75% 1.12%

Wine License 40,000 36,700 37,600 (2,400) -6.00% 2.45%Liquor License 114,000 113,200 119,200 5,200 4.56% 5.31%

Sub-total Licenses 194,000 188,200 195,700 1,700 0.88% 1.73%

Permits

House Moving Permits 0 0 0 0

Burn Permits 0 0 100 100 100.00% 0.10%

Zoning & Land Use Permits 7,000 6,300 8,900 1,900 27.14% 1.94%

Sign Permits 15,000 19,400 15,100 100 0.67% 0.10%

Catering Permits 400 600 700 300 75.00% 0.31%

Building Permits 38,000 48,300 59,200 21,200 55.79% 21.63%

Plumbing Permits 5,000 7,200 10,500 5,500 110.00% 5.61%

Electrical Permits 6,000 10,100 14,100 8,100 135.00% 8.27%

Gas Permits 200 500 1,300 1,100 550.00% 1.12%Mechanical Permits 3,100 5,300 7,700 4,600 148.39% 4.69%

Sub-total Licenses and Permits 74,700 97,700 117,600 42,900 57.43% 43.78%

Insurance Regulatory Fees 0 46,300 53,300 53,300 100.00% 54.39%Interest on Business Licenses 0 0 100 100 100.00% 0.10%

Sub-total Licenses and Permits 0 46,300 53,400 53,400 100.00% 54.49%

Total Licenses and Permits Revenues 268,700$ 332,200$ 366,700$ 98,000$ 36.47% 100.00%

2008 2009 2010 2011

2012

(Projected)

Licenses and Permits Revenue 396,528$ 300,540$ 284,588$ 285,302$ 313,300$

(percentage change over prior years) -24.21% -5.31% 0.25% 9.81%

Licenses 176,475$ 208,271$ 185,438$ 192,000$ 195,700$

(percentage change over prior years) 18.02% -10.96% 3.54% 1.93%

Permits 220,053$ 92,269$ 99,150$ 93,302$ 117,600$

(percentage change over prior years) -58.07% 7.46% -5.90% 26.04%


General Fund

General Fund


$396,528

$300,540$284,588 $285,302

$313,300

2008 2009 2010 2011 2012 (Projected)Licenses and Permits Revenue

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CITY OF GRIFFIN

Budget

Rolling

Twelve


Projected

Over

(Under)

Budget % Variance

% Weighted

on Category

Total Intergovernmental Revenues 207,800$ 230,800$ 216,700$ 8,900$ 4.28% 100.00%

By Category

DNR Funding 0 42,700 0 0

Federal DEA Overtime

Reimbursement 20,000 24,000 21,100 1,100 5.50% 12.36%

City of Atlanta HIDTA 7,000 1,400 7,000 0 0.00%

GMA Mutual Aid Reimbursements 0 0 0 0

School Resource Officers 127,800 125,400 136,800 9,000 7.04% 101.12%

Prism Training Revenue 16,000 7,200 9,800 (6,200) -38.75% 69.66%

Spalding County Board of Education 0 0 0 0

Reimbursement Spalding County 0 11,500 0 00

Grants 0

LCI Grant ARC 0 0 0 0

LLEBG - Vest Grant 15,000 2,600 15,000 0 0.00%

Byrne Grant 22,000 0 22,000 0 0.00%

GMA Safety Grant 0 0 5,000 5,000 100.00% 56.18%FEMA Grants 0 16,000 0 0

Sub-total Grants 37,000 18,600 42,000 5,000 13.51% 56.18%

Total Intergovernmental Revenues 207,800$ 230,800$ 216,700$ 8,900$ 4.28% 100.00%

2008 2009 2010 2011

2012

(Projected)

Total Intergovernmental Revenue 397,385$ 406,382$ 678,255$ 275,160$ 216,700$

(percentage change over prior years) 2.26% 66.90% -59.43% -21.25%

Intergovernmental Reimbursements 338,271$ 383,429$ 394,755$ 207,160$ 174,700$

(percentage change over prior years) 13.35% 2.95% -47.52% -15.67%

Grants 59,114$ 22,953$ 283,500$ 68,000$ 42,000$

(percentage change over prior years) -61.17% 1135.13% -76.01% -38.24%

Intergovernmental

General Fund

Intergovernmental Revenues

General Fund

$397,385 $406,382

$678,255

$275,160$216,700

$200,000

$400,000

$600,000

$800,000

2008 2009 2010 2011 2012 (Projected)

Total Intergovernmental Revenue

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CITY OF GRIFFIN

Budget

Rolling

Twelve


Projected

Over

(Under)

Budget % Variance

% Weighted

on Category

Total Charges for Services Revenues 4,654,420$ 4,831,500$ 4,728,600$ 74,180$ 1.59% 100.00%

By Category

Indirect Cost Allocations 4,437,870 4,546,900 4,437,900 30 0.00% 0.04%

IT Equipment Cost Allocation 0 47,700 8,000 8,000 100.00% 10.78%

Returned Check Fees 0 100 8,500 8,500 100.00% 11.46%

Election Qualifying Fees 1,600 2,800 2,800 1,200 75.00% 1.62%

Business Occupation Tax

Administration Fee 30,000 27,300 38,000 8,000 26.67% 10.78%

Business List Reports 0 900 1,000 1,000 100.00% 1.35%

Data Processing Fees 36,000 16,300 27,600 (8,400) -23.33% 11.32%

Credit Card Fees 0 3,600 3,500 3,500 100.00% 4.72%Fire Inspections 0 200 200 200 100.00% 0.27%

Cemetery Fees 130,000 156,400 164,400 34,400 26.46% 46.37%

Pool Service Fees 4,650 1,600 2,100 (2,550) -54.84% 3.44%

Sale of Recycled Materials 0 0 0 0

Pavilion Rental 7,000 13,100 14,300 7,300 104.29% 9.84%

Plan Review Fees 4,000 10,900 11,300 7,300 182.50% 9.84%

Demolition Recovery Fees 3,000 3,000 6,400 3,400 113.33% 4.58%

Customer Service Fee 0 0 0 0Zoning Application Fees 300 700 2,600 2,300 766.67% 3.10%

Total Charges for Services Revenues 4,654,420$ 4,831,500$ 4,728,600$ 74,180$ 1.59% 100.00%

2008 2009 2010 2011

2012

(Projected)

Charges for Services Revenue 5,174,480$ 5,043,464$ 4,454,639$ 4,913,673$ 4,728,600$

(percentage change over prior years) -2.53% -11.68% 10.30% -3.77%

Indirect Cost Allocations 4,916,713$ 4,743,332$ 4,178,087$ 4,673,000$ 4,445,900$


Charges for Services 257,767$ 300,132$ 276,552$ 240,673$ 282,700$

(percentage change over prior years) 16.44% -7.86% -12.97% 17.46%

General Fund

General Fund



$5,174,480$5,043,464

$4,454,639

$4,913,673$4,728,600

2008 2009 2010 2011 2012 (Projected)

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CITY OF GRIFFIN

Budget

Rolling

Twelve


Projected

Over

(Under)

Budget % Variance

% Weighted

on Category

Total Fines and Forfeitures Revenue 1,155,000$ 971,800$ 1,130,600$ (24,400)$ -2.11% 100.00%

By Category

Police Revenue 19,000 17,200 18,200 (800) -4.21% 3.28%

Traffic Fines 762,000 616,200 711,400 (50,600) -6.64% 207.38%

Camera Traffic Light Fines 350,000 319,300 383,800 33,800 9.66% 138.52%

Parking Tickets 0 100 0 0

Seat Belt Fines 0 8,600 500 500 100.00% 2.05%

Ordinance Fines 24,000 10,400 16,700 (7,300) -30.42% 29.92%

Total Fines and Forfeitures Revenue* 1,155,000$ 971,800$ 1,130,600$ (24,400)$ -2.11% 100.00%

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

General Fund

Fines and Forfeitures

$863,445

$758,948

$644,537

$728,000$711,400

$176,631

$403,596

$391,308

$327,000

$383,800

30-Jun-08 30-Jun-09 30-Jun-10 30-Jun-11 30-Jun-12

Traffic Fines Camera Traffic Light Fines

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CITY OF GRIFFIN

Budget

Rolling

Twelve


Projected

Over

(Under)

Budget % Variance

% Weighted

on Category

Other Revenues

Investment Income 10,500$ 12,400$ 16,800$ 6,300$ 60.00% 6.29%

Rents, Royalties and Other

Rents 174,780 169,090 211,200 36,420 20.84% 36.35%

Insurance Claims 3,000 1,460 500 (2,500) -83.33% 2.50%

Miscellaneous Revenue 0 31,380 100 100 100.00% 0.10%Contributions and Donations 0 790 340 340 100.00% 0.34%

Sub-total Rents, Royalties and Other 177,780 202,720 212,140 34,360 19.33% 34.29%

Proceeds and Other FinancingSources

Proceeds of GMA Leases 80,770 0 80,800 30 0.04% 0.03%Proceeds of Sales of Fixed Assets 0 (1,720) 11,200 11,200 100.00% 11.18%

Sub-total Proceeds and Other

Financing Sources 80,770 (1,720) 92,000 11,230 13.90% 11.21%

Transfers:

Transfer from Hotel Motel Tax Fund 18,000 24,190 28,600 10,600 58.89% 10.58%

Transfer from Police Technology Fund 51,000 65,510 68,000 17,000 33.33% 16.97%

Transfer from Court Technology Fund 26,000 34,620 34,700 8,700 33.46% 8.68%Trans er rom Water Wastewater 3,531,260

Transfer from Electric Fund 3,630,320

Transfer from Welcome Center Fund (2,000) 6,000 6,000 100.00% 5.99%

Transfer from Solid Waste Fund

Transfer from Airport Fund

Transfer from Storm Water Fund 379,940

Transfer from Golf Course

Transfer from Motor Pool

Transfer from GBTA (21,460) 6,000 6,000 100.00% 5.99%

Sub-total Transfers from Other Funds 95,000 7,642,380 143,300 48,300 50.84% 48.21%

Total Other Revenues 364,050$ 7,855,780$ 464,240$ 100,190$ 27.52% 100.00%

Other Revenues

General Fund

Page 17 of 19


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CITY OF GRIFFIN

2008 2009 2010 2011

2012

(Projected)

Interest Income 71,454$ 15,966$ 6,847$ 8,829$ 16,800$

(percentage change over prior years) -77.66% -57.12% 28.95% 90.28%

Rental Income 215,418$ 191,521$ 195,969$ 196,689$ 211,200$

(percentage change over prior years) -11.09% 2.32% 0.37% 7.38%

Donations and Contributions 12,296$ 883$ 0 454$ 340$


Other Revenues 90,462$ 14,884$ 28,680$ 4,957$ 92,600$

(percentage change over prior years) -83.55% 92.69% -82.72% 1768.07%

--Anton Chekhov,Russian author and playwright

Any idiot can face a crisis - - it's the day-to-day living that wears you out."

Other Revenues

General Fund

$71,454

$15,966

$6,847 $8,829$16,800

$12,296

$883 0 $454 $3400

$25,000

$50,000

$75,000

$100,000

2008 2009 2010 2011 2012 (Projected)

Interest Income Donations and Contributions

Page 18 of 19


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CITY OF GRIFFIN

Griffin, Georgia 30223

100 South Hill Street

www.cityofgriffin.com

Department of Administrative Services

City of Griffin

THIS PAGE INTENTIONALLY LEFT BLANK

Finance and Accounting Division

19 f 19
http://www.cityofgriffin.com/http://www.cityofgriffin.com/

revenue status report fy 2011-2012 - general fund 20111031

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