revenue status report fy 2012-2013 - general fund 20121231

7/29/2019 Revenue Status Report FY 2012-2013 - General Fund 20121231

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100 South Hill Street-P.O. Box T | Griffin, GA 30223

P 770.229.6401 F 678.692.0402 W cityofgriffin.com

Revenue Status Report

General Fund

As of December 31, 2012

Markus Schwab, CPA/CITP/CGMA

Administrative Services | Chief Financial Officer

Chuck Olmsted

(Unaudited - Internal Use Only)

Administrative Services | Accounting Manager

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I. Current Economics 3

II. Unemployment Numbers 8

III. General Fund Revenue Sources 9

IV. Revenues by Category 10

V. Revenues

Taxes 11

Property Taxes 12, 13

Licenses and Permits 14

Intergovernmental 15Charges for Services 16

Fines and Forfeitures 17

Other Revenues 18, 19


Table of Contents

Revenue Status Report - General Fund


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Beige Book - January 16, 2013

Collections History

I. Current Economics

Property Tax Digest

Sixth District--AtlantaReports from Sixth District business contacts indicated that economic activity expanded moderately in late November and December, with

most expecting continued modest growth in early 2013.District merchants cited mildly positive holiday sales, while tourism contacts noted continued strength in both business and leisure travel.

Residential real estate contacts experienced ongoing modest sales growth for both new and existing homes on a year-over-year basis,while commercial contacts described demand conditions as improving, especially in the multifamily segment of the market. Manufacturers,

on the other hand, noted a decline in orders and production. Reports from bankers indicated that loan demand had strengthened, driven inlarge part by an increase in mortgage lending. Employment levels across the District expanded at a modest pace, while pricing pressures

remained subdued.

Consumer Spending and Tourism

District contacts reported cautious optimism following a robust start to the holiday season. While sales were better than expected over the

Thanksgiving weekend, reports covering the entire holiday season showed that total sales, although above year-ago results, did not appearto meet expectations. Deep discounting was prevalent throughout the holiday season. Auto sales remained robust and truck sales were

somewhat positive with sales of replacement vehicles driving the growth for that segment.

Travel and tourism contacts continued to report strong activity. Hospitality contacts noted increases in visitation and spending in the finalquarter of 2012. Lower gasoline prices boosted leisure travel. Business travel and attendance at major conventions also increased.

International visitors continued to lift tourism activity and advance reservations of international travel have exceeded expectations. Theoutlook for 2013 remained positive with hospitality contacts projecting increases in occupancy rates and revenue per available room.

Real Estate and Construction

The majority of District residential brokers reported that recent existing home sales were ahead of year earlier levels. Sales growth wasstrongest in Florida. Most brokers in the region again noted declining inventories and rising home prices. Buyer traffic remained ahead of

the year-ago level by most accounts. For 2013, most anticipate home sales growth will continue to improve slowly.

Reports from District homebuilders were a bit more positive than in our last report. Builders reported that recent new home sales and

construction activity were slightly ahead of year-earlier levels. The majority of builders continued to report that new home inventories werebelow the year-ago level and prices were up slightly. Buyer interest remained strong but several builders continued to note difficultysecuring development and construction financing. Despite the challenges, the outlook for construction activity remained positive and

builders anticipate new home sales in 2013 to exceed 2012 levels across many parts of the District.

Reports from District commercial contractors indicated that the pace of construction activity improved modestly from the third to fourthquarter and was ahead of the previous year's performance. Apartment development was particularly strong. The pipeline for commercial

construction at the end of the fourth quarter was greater than the year-ago level by most accounts. Most said that commercial constructiondevelopment financing remained scarce. However, the outlook for 2013 remained positive as most contacts expect commercial

construction activity to be slightly ahead of 2012 levels. Commercial brokers indicated that most office, industrial, and retail markets in theDistrict experienced modestly positive absorption rates. Overall, contacts continued to anticipate steady, but slow improvements in District

commercial real estate markets during 2013.

Manufacturing and Transportation

Manufacturing contacts in the region reported that new orders and production contracted in December. Finished inventory levels also

declined from the previous month. However, nearly half of manufacturing contacts expect production to be higher than current levels overthe next three-to-six months, up from just under one-third in November.

Trucking contacts reported a notable increase in tonnage in November, representing the first gain since July 2012, and offsetting a drop in

October's readings. Reports suggested that Hurricane Sandy affected both months' readings. A large truck dealer reported it is expandingsales to include flatbed trailers in response to anticipated increased movement of construction materials as a result of improvements in the

housing sector. Railroad contacts reported an increase in total carloads in November over year-ago levels with the largest increasesoccurring in chemicals and agricultural products while declines were noted in coal, metallic ores, and metals. Concerns grew over low river

levels that have led to delays in Mississippi River barge traffic.

Banking and FinanceMany banking contacts indicated loan demand had increased and they've added lending specialists to deal with current and anticipated

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Last update: January 16, 2013

demand. Competition for quality borrowers remained fierce and there was some indication that banks were more willing to increase theirtolerance for risk. Auto lending remained active and some depository institutions noted more loan growth in November and December. Low

rates encouraged mortgage activity, and purchases accounted for a larger share of mortgage loans than in the recent past. Communitybanks reported spending a larger portion of their income on compliance and remained concerned about increasing regulatory pressures.

Employment and Prices

Since the last report, payroll growth increased mildly across the District, though contacts said that uncertainty over fiscal policy and

healthcare costs tempered hiring decisions. Aggregate gains in job growth across the District were fueled largely by strong job growth inFlorida and Louisiana. Contacts in Florida's leisure and hospitality industry reported moderately improved hiring expectations, while theconstruction, retail, and energy sectors in Louisiana saw relatively healthy increases in employment in November and December.

Pricing pressures remained subdued, according to results from our December Business Inflation Expectations survey which indicated that

unit costs were up 1.5 percent over the past 12 months, which is down from 1.7 percent in November. Margins improved somewhat inDecember, especially for retail contacts who reported being able to pass on slightly higher markups compared to the holiday season in

2011. Looking forward, year-ahead unit cost expectations of businesses were 1.9 percent in December, moderating from 2.1 percent themonth before. Businesses continued to cite costs relating to tax policy, regulation, and healthcare as sources of uncertainty going into

2013.

Natural Resources and AgriculturePlanned investments, ranging from reserve development to increased refining and petrochemical operations to new pipeline infrastructure,

continued to take place in the energy sector. For example, preparation for development of a large gas-to-liquids (GTL) and ethane cracker

complex in Louisiana was announced, which is expected to increase the region's production capacity for GTL diesel and ethylene.Separately, industry contacts maintained that higher margins for natural gas liquids and other associated products continued to warrant

ongoing drilling in natural gas wells, despite low prices for natural gas. In the midst of an apparent surge in investment activity in the energyindustry, District contacts continued to cite a shortage of specialized skilled labor as a significant hurdle facing expansion plans going

forward.

Prices for corn, soybeans, beef, and poultry remained above year-ago levels, while the price for cotton was lower than this time last year.Dry conditions persisted in much of the District, although late December rains helped many areas in the region.

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Interest Rate Outlook Panel of Economists

Lacy H. Hunt, executive vice president of Hoisington Investment Management, said: "The American Taxpayer Relief Act has lifted the

immediate uncertainty of the fiscal cliff. Nevertheless, tax increases that are already in effect from this act, as well as the Affordable CareAct, impose a major obstacle to growth for the U.S. economy in the first half of 2013. The result of these taxes is considerable, especially in

light of the poor trend in household income. In addition, these tax increases will continue to act as a drag on economic growth until late in

2015 and are unlikely to produce the revenue gains advertised. Based on static scoring, the initial direct impact of the federal tax changestotaled approximately $250 billion for 2013. The pending tax hike is, in all likelihood, the only reason real non-transfer income jumped in

November 2012, following a four-month decline. An unknown but significant amount of income was pulled from 2013 into 2012, as hasbeen the case in all of the previous well-advertised tax increases. December 2012 income, which is not yet reported, should get a further

boost from this effect. Numerous corporations borrowed multibillions of dollars to make early or special dividend payments. In addition,many large corporations, banks, and securities firms paid 2012 bonuses in 2012 rather than early in 2013. This practice was undoubtedly

repeated many times by smaller and privately held firms. Indeed, this long-observed effect of accelerating income in anticipation of taxincreases will cause the fourth quarter 2012 national income and product figures to be dramatically overstated and will provide no guide to

the prospects for 2013. However, as a result of the income transfer, or substitution effect, income should show a sharp decline early in2013. The pending tax hikes provided a major plus for the fourth quarter, a support that will be more than reversed this year."

Christopher Mier, chief strategist and director of the Analytical Services Division of Loop Capital, said: "The balance of factors is probably

a little toward rising rates than to falling rates. We do not expect interest rates to rise dramatically, but the economy is improving and the

Fed is beginning to bicker over the degree of ease in monetary policy. Factors tending to lower interest rates over the next six months

would be: 1) the size of spending cuts to both defense and services looming at the end of February; 2) any increase in the severity of theEuropean economic malaise; or 3) a stumble in the domestic economy due to debt ceiling shenanigans (including a possible downgrade byFitch of the U.S. government's credit rating)."

John Lonski, chief economist, Moody's Investor's Service, and Ben Garber, an economist at Moody's, said: "In the near term, decisions on

federal government spending and the debt ceiling will influence rates. Over the medium-term and longer-term, rising business andconsumer confidence can lift growth and interest rates, though robust foreign demand for dollar-denominated debt can limit losses for

credit."

"For upward pressure, the housing market has shown consistent improvements, as various statistics have hit four-year highs. Demand for

autos should perk up sales, as the average age of cars on the road is at record levels. State employment levels, a reflection of growth inthe economy, are expected to rise in 2013 for the first time in several years. China, Taiwan, and Korea are showing signs of improving,

which would boost U.S. export growth. Investors should pay close attention to the deliberations and public pronouncements of the FederalReserve."

What factors will play the most significant role in interest ratetrends over the next six months, and what factors should

investors of public funds pay the most attention to?

Scott Brown, chief economist, Raymond James & Associates,

said: "The Fed's target for the overnight lending rate now has a

quantitative threshold (exceptionally low at least as long as theunemployment rate remains above 6.5%, inflation outlook one

to two years out remains below 2.5%, and inflation expectations

remain well anchored). In contrast, the Fed's Large-Scale AssetPurchase program (commonly referred to as QE3) has a

qualitative threshold. That is, the Fed will continue to purchasetreasuries and mortgage-backed securities until monetary

policymakers see "substantial" improvement in the labor market.

Hence, it will be important to follow a range of labor marketindicators. It will take more than one or two months of stronggains in non-farm payrolls for QE to end. However, the Fed is

also watching for signs of adverse consequences of QE.Specifically, the Fed's asset purchases could be stopped if the

Fed sees signs that it is creating financial instability."

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Snapshot of Economy and Interest Rates

Annualized Returns Since

DateAverage

ReturnJan.1, 2011 Jan. 1, 2010

Jan. 1, 2012 0.02% 0.02% 0.06%Jan. 1, 2013 0.02% 0.03% 0.03%Dec. 1, 2012 0.02% 0.03% 0.05%Jan. 1, 2013 0.02% 0.03% 0.03%Feb. 1, 2013 0.02% 0.03% 0.03%

Date 7-day yield 30-day yieldMaturity

(Days)18-Jan-13 0.05% 0.05% 47

1/25/2013 Year Ago

0.11 0.12

0.10 *

0.15 *

0.23 0.23

0.08 0.12

0.16 0.14

0.04 *

3.54 3.70

* No quote because the market is unstable

Bond Buyer 20-bond municipal

index

Key Rates: Cash Markets

CDs: Three months

CDs: Six months

BAs: One month

T-bills: 91-day yield

T-bills: 52-week yield

Commercial paper, dealer-

placed, 3 months

Economic Summary

Investment Performance Benchmarks

The money market fund

index

S&P Rated LGIP Index

Rate

6-Month Treasury Bill

Fed funds

Moving Averages

10-Year Treasury Note

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Notes

February 2013 Volume 31, Number 2

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.

Government Finance Officers Association of the United States and Canada

Editor: Marcy BoggsExecutive Director/CEO: Jeffrey Esser

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 enetrate above their movin avera es.

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Georgia Labor Force Employment

Un-

employment

Un-

employment

Rate

# Change in

Un-

employment

% Change in

Un-

employment

Dec-2009 4,688,003 4,195,187 492,816 10.50

Dec-2010 4,713,212 4,231,077 482,135 10.20 (10,681) -2.17%

Dec-2011 4,740,075 4,294,720 445,355 9.40 (36,780) -7.63%

Dec-2012 4,804,459 4,390,517 413,942 8.60 (31,413) -7.05%

Spalding County Labor Force Employment

Dec-2009 28,093 24,202 3,891 13.90

Dec-2010 28,940 25,227 3,713 12.80 (178) -4.57%

Dec-2011 29,270 25,754 3,516 12.00 (197) -5.31%

Dec-2012 29,553 26,333 3,220 10.90 (296) -8.42%

Georgia Spalding County

Georgia Spalding County

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

% C ange n

Un-

employment

# C ange n

Un-

employment

Latest Unemployment Figures

Un-

employment

Rate

II. Unemployment Numbers

Un-

employment

9.20 10.209.40

Georgia, 8.60

13.9012.80

12.00Spalding, 11.20

5.00

7.50

10.00

12.50

15.00

Dec-2009 Dec-2010 Dec-2011 Dec-2012

No data available for Griffin

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Taxes

Inter overnmental

Licenses and Permits

Charges for Services

Miscellaneous Revenues

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 16 percent of general fund revenue followed by

local option sales tax of approximately 13 percent of general fund revenue.

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

Rents and Royalties

Fines and Forfeitures Near 4 percent of total general fund revenue, traffic fines make up 65 percent of this

category or $650000 with the balance (35 percent or $350000,) from traffic cameras

(running red lights), 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, and

pavilion rentals. This category also includes a large portion ($5.4M) 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.

III. General Fund Revenue Sources

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

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

reimbursements.

Licenses and permit make up less than 1 percent of total general fund revenue.

Licenses make up approximately 70 percent or $190000 of this category. The balance

of 30 percent or $82200 comes from permits and 0 percent or $0 from regulatory fees

and interest from delinquent payments.

These are revenues from leased office and parking lot spaces.

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 accounts for revenue sources (predominantly grants) from other

governmental agencies.

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Budget

Rolling

Twelve

Month Actual Projection

Projected

Over (Under)

Budget % Variance % Weighted

Total Revenues 26,827,630$ 25,114,230$ 27,323,747$ 496,117$ 1.85% 100.00%

2 208 214

By Category

Operating Revenue

Taxes 10,310,000 7,511,090 10,582,190 272,190 2.64% 54.86%

Licenses and Permits 272,200 366,090 343,230 71,030 26.09% 14.32%

Charges for Services 5,122,753 4,931,010 5,200,030 77,277 1.51% 15.58%

Fines and Forfeitures 1,000,000 993,760 985,100 (14,900) -1.49% 3.00%

Rents and Royalties 215,041 234,680 228,450 13,409 6.24% 2.70%

Total Operating Revenue 16,919,994 14,036,630 17,339,000 419,006 2.48% 84.46%

Non-operating Income

Intergovernmental 198,500 224,560 218,240 19,740 9.94% 3.98%

Interest/Investment Income 8,000 11,810 17,220 9,220 115.25% 1.86%

Contributions and Donations 0 4,300 370 370 100.00% 0.07%

Gain (Loss) on Sale of Capital Assets 0 710,490 17,250 17,250 100.00% 3.48%

Total Non-operating Income 206,500 951,160 253,080 46,580 22.56% 9.39%

Transfers in from Other Funds 9,701,136 10,126,440 9,731,667 30,531 0.31% 6.15%

Total Revenues 26,827,630$ 25,114,230$ 27,323,747$ 496,117$ 1.85% 100.00%

0 0 0

Adjustments:

Gain (Loss) on Sale of Capital Assets: 0 710,490$ 17,250$ 17,250$

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

Gain (Loss) on Sale of Capital Assets

after Adjustments: 0 710,490 17,250 17,250

Total Adjustments: 0 0 0 0

Total Revenues after Adjustments 26,827,630$ 25,114,230$ 27,323,747$ 496,117$ 1.85%

ANALYSIS:

IV. Revenues by Category

Total General Fund Revenues

General Fund

As of December 31, 2012 the revenue forecast model projects Local Option Sales Tax (LOST) revenues at $3.49 million (up$90 thousand dollars or 2.7 percent of Budget).

Total General Fund Revenues as of the date of this report are forecast at $27.3 million after adjustments (up $496 thousand

or 1.85 percent of Budget).

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Budget

Rolling

Twelve


Projected

Over (Under)

Budget % Variance

% Weighted

on Category

Total Tax Revenues 10,310,000$ 7,511,086$ 10,582,190$ 272,190$ 2.64% 100.00%

By Category

Property Taxes

Real Property Tax 3,850,000 767,110 3,917,790 67,790 1.76% 24.91%

Public Utility Tax 30,000 32,941 30,000 0 0.00%

Motor Vehicle Tax 270,000 275,548 268,920 (1,080) -0.40% 0.40%

Intangible Tax 14,000 24,477 21,150 7,150 51.07% 2.63%

Railroad Equipment Tax 5,000 4,487 4,730 (270) -5.40% 0.10%

Real Estate Transfer Tax 4,000 7,435 7,470 3,470 86.75% 1.27%

Timber Tax 0 0 10 10 100.00% 0.00%

Real Property Tax - Prior Year 0 20,997 0 0

Heavy Equipment Tax 0 0 0 0Property not on Tax D gest 0 988 0 0

Sub-total Property Taxes 4,173,000 1,133,983 4,250,070 77,070 1.85% 28.31%

Franchise Taxes

Franchise Fees - Electric 70,000 56,343 56,860 (13,140) -18.77% 4.83%

Franchise Fees - Natural Gas 159,000 115,605 115,610 (43,390) -27.29% 15.94%

Franchise Fees - Cable Television 220,000 235,294 173,530 (46,470) -21.12% 17.07%

Franchise Fees - Telephone 140,000 135,485 147,620 7,620 5.44% 2.80%

Sub-total Franchise Fee Taxes 589,000 542,727 493,620 (95,380) -16.19% 35.04%

Food and Beverage Taxes

Wine Tax 0 0 0 0

Beer Excise Tax 500,000 584,650 581,050 81,050 16.21% 29.78%Liquor Excise Tax 40,000 54,525 59,990 19,990 49.98% 7.34%

Sub-total Beer, Wine, Liquor & Mixed

Drink Tax 540,000 639,175 641,040 101,040 18.71% 37.12%

Payment in Lieu of Taxes 0 1,906 4,740 4,740 100.00% 1.74%

Local Option Sales Tax (LOST) 3,400,000 3,475,187 3,490,460 90,460 2.66% 33.23%

Hotel Motel Tax 0 0 0 0

Business Occupation Tax 400,000 420,035 407,410 7,410 1.85% 2.72%

Insurance Premium Tax 1,100,000 1,177,970 1,182,070 82,070 7.46% 30.15%

Financial Institution Tax 75,000 76,679 75,420 420 0.56% 0.15%

Penalty and Interest on Delinquent

Taxes 33,000 41,774 36,280 3,280 9.94% 1.21%

Penalty and Interest on Delinquent

Business Licenses and Permits 0 1,650 1,080 1,080 100.00% 0.40%Homeowner's Tax Relief Grant 0 0 0 0

Total Tax Revenues 10,310,000$ 7,511,086$ 10,582,190$ 272,190$ 2.64% 100.00%

Tax Revenues

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

General Fund

V. Revenues

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

Notes: - Franchise Fees are paid in quarterly installments

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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

--Maya Angelou,

American author and poet

CITY OF GRIFFIN (LOST)

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

I've learned that people will forget what you said, people will forget what you did, but people will never forget how you

made them feel.

$ 2,535,310

$ 4,235,076

$ 8,659,735SPALDING COUNTY BOARD OF COMMISSIONERS (SPLOST)

SPALDING COUNTY-GRIFFIN BD OF EDUCATION (ELOST)

$ 5,190,834

ELOST

LOST

$ 4,234,330

$ 8,660,923

$ 281,878

$ 695,880

1. The 2012 property tax gross digest decreased to just under $548.2M (down $-31.8M from $580.1M in the prior year).

SPALDING COUNTY BOARD OF COMMISSIONERS (LOST)

$ 3,471,942

The net levy decreased to $4600290 (down $89700 from $4689990 in the prior year).

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.

SPLOST

$ 1,701,592

$ 414,187

Amount of Distribution

$ 696,065

2. Maintenance and operations (M&O) exemptions decreased to $36.5M (down $-0.5M from $37M in the prior year).

3. Changes in the gross digest and M&O exemptions reduced the net M&O digest to $511.8M (down $-31.3M from $543.1M in the prior

year).

LOST

As of December 31, 2012 the revenue forecast model projects Local Option Sales Tax (LOST) revenues at $3.49 million (up $90 thousanddollars or 2.7 percent of Budget).

Sales Tax Distribution As of December 31, 2012

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166 178 190 202 214

2009 2010 2011 2012

FY 2013

(Projected)

Property Tax Revenue 4,682,938$ 4,798,935$ 4,662,904$ 4,699,665$ 4,250,070$(percentage change over prior years) 2.48% -2.83% 0.79% -9.57%

Penalty and Interest on Delinquent Taxes 28,953$ 43,489$ 29,000$ 56,200$ 36,280$

(percentage change over prior years) 50.21% -33.32% 93.79% -35.44%

2008 2009 2010 2011 2012

Real & Personal $595,986,256 $570,215,369 $564,247,211 $545,778,551 $515,739,790

Motor Vehicle 35,403,020 36,624,500 31,458,590 34,277,550 32,485,150

Mobile Homes

Public Utility

Timber 14,575 45,000 5,220

Heavy Duty Equipment 28,760 6,017

Gross Digest 631,432,611 606,890,886 595,711,021 580,056,101 548,224,940

(dollar change over prior years) (24,541,725) (11,179,865) (15,654,920) (31,831,161)

(percentage change over prior years) -3.89% -1.84% -2.63% -5.49%

Less:

Maintenance and Operations

(M&O) Exemptions: 50,826,550 40,876,237 34,913,558 36,982,207 36,456,368(dollar change over prior years) (9,950,313) (5,962,679) 2,068,649 (525,839)

(percentage change over prior years) -19.58% -14.59% 5.93% -1.42%

NET: M&O Digest 580,606,061 566,014,649 560,797,463 543,073,894 511,768,572

(dollar change over prior years) (14,591,412) (5,217,186) (17,723,569) (31,305,322)


Millage (rate per thousand dollars) 8.638 8.636 8.636 8.636 8.989Net Levy $5,015,275 $4,888,100 $4,843,050 $4,689,990 $4,600,288

(dollar change over prior years) (127,175) (45,050) (153,060) (89,702)


(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

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Budget

Rolling

Twelve


Projected

Over (Under)

Budget % Variance

% Weighted

on Category

Total Licenses and Permits Revenues 272,200$ 366,090$ 343,230$ 71,030$ 26.09% 100.00%

By Category

Licenses

Beer License 40,000 43,700 40,650 650 1.63% 0.92%

Wine License 40,000 42,140 39,290 (710) -1.78% 1.00%Liquor License 110,000 102,870 97,790 (12,210) -11.10% 17.19%

Sub-total Licenses 190,000 188,710 177,730 (12,270) -6.46% 17.27%

Permits

House Moving Permits 0 0 0 0

Burn Permits 0 0 0 0

Zoning & Land Use Permits 5,000 5,610 5,560 560 11.20% 0.79%

Sign Permits 15,000 16,640 13,530 (1,470) -9.80% 2.07%

Catering Permits 400 480 370 (30) -7.50% 0.04%Building Permits 44,000 80,590 71,900 27,900 63.41% 39.28%

Plumbing Permits 5,000 8,850 9,760 4,760 95.20% 6.70%

Electrical Permits 8,500 17,900 17,800 9,300 109.41% 13.09%

Gas Permits 300 1,210 1,560 1,260 420.00% 1.77%Mechanical Permits 4,000 9,990 10,600 6,600 165.00% 9.29%

Sub-total Licenses and Permits 82,200 141,270 131,080 48,880 59.46% 68.82%

Insurance Regulatory Fees 0 36,110 34,400 34,400 100.00% 48.43%Interest on Business Licenses 0 0 20 20 100.00% 0.03%

Sub-total Licenses and Permits 0 36,110 34,420 34,420 100.00% 48.46%

Total Licenses and Permits Revenues 272,200$ 366,090$ 343,230$ 71,030$ 26.09% 100.00%

2009 2010 2011 2012

FY 2013

(Projected)

Licenses and Permits Revenue $ 300,540 $ 284,588 $ 285,302 $ 319,097 $ 308,810

(percentage change over prior years) -5.31% 0.25% 11.85% -3.22%

Licenses 208,271$ 185,438$ 192,000$ 196,800$ 177,730$

(percentage change over prior years) -10.96% 3.54% 2.50% -9.69%

Permits 92,269$ 99,150$ 93,302$ 122,297$ 131,080$

(percentage change over prior years) 7.46% -5.90% 31.08% 7.18%


General Fund

General Fund


$300,540

$284,588 $285,302

$319,097

$308,810

2009 2010 2011 2012 FY 2013 (Projected)Licenses and Permits Revenue

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Budget

Rolling

Twelve


Projected

Over (Under)

Budget % Variance

% Weighted

on Category

Total Intergovernmental Revenues 198,500$ 224,560$ 218,240$ 19,740$ 9.94% 100.00%

By Category

DNR Funding 0 0 0 0

Federal DEA Overtime

Reimbursement 29,000 58,740 41,630 12,630 43.55% 63.98%

City of Atlanta HIDTA 7,000 3,130 7,000 0 0.00%

GMA Mutual Aid Reimbursements 0 0 0 0

School Resource Officers 76,300 100,980 76,300 0 0.00%

Prism Training Revenue 10,000 16,990 17,110 7,110 71.10% 36.02%

Spalding County Board of Education 0 0 0 0

Reimbursement Spalding County 53,200 0 53,200 0 0.00%

0

Grants 0LCI Grant ARC 0 0 0 0

LLEBG - Vest Grant 0 0 0 0

Byrne Grant 23,000 19,440 23,000 0 0.00%

GMA Safety Grant 0 0 0 0FEMA Grants 0 25,280 0 0

Sub-total Grants 23,000 44,720 23,000 0 0.00%

Total Intergovernmental Revenues 198,500$ 224,560$ 218,240$ 19,740$ 9.94% 100.00%

2009 2010 2011 2012

FY 2013

(Projected)Total Intergovernmental Revenue 406,382$ 678,255$ 275,160$ 219,917$ 218,240$

(percentage change over prior years) 66.90% -59.43% -20.08% -0.76%

Intergovernmental Reimbursements 383,429$ 394,755$ 207,160$ 175,217$ 195,240$

(percentage change over prior years) 2.95% -47.52% -15.42% 11.43%

Grants 22,953$ 283,500$ 68,000$ 44,700$ 23,000$

(percentage change over prior years) 1135.13% -76.01% -34.26% -48.55%

Intergovernmental

General Fund

Intergovernmental Revenues

General Fund

$406,382

$678,255

$275,160$219,917 $218,240

2009 2010 2011 2012 FY 2013 (Projected)

Total Intergovernmental Revenue

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Budget

Rolling

Twelve


Projected

Over (Under)

Budget % Variance

% Weighted

on Category

Total Charges for Services Revenues 5,122,753$ 4,931,010$ 5,200,030$ 77,277$ 1.51% 100.00%

By Category

Indirect Cost Allocations 4,960,303 4,680,070 4,960,310 7 0.00% 0.01%

Returned Check Fees 0 180 1,970 1,970 100.00% 2.55%

Election Qualifying Fees 0 0 0 0

Business Occupation Tax

Administration Fee 0 28,290 24,990 24,990 100.00% 32.34%

Business List Reports 0 100 40 40 100.00% 0.05%

Data Processing Fees 0 19,250 23,140 23,140 100.00% 29.94%

Credit Card Fees 0 4,900 4,320 4,320 100.00% 5.59%

Fire Inspections 0 310 380 380 100.00% 0.49%

Cemetery Fees 140,000 153,140 145,610 5,610 4.01% 7.26%

Pool Service Fees 5,050 5,770 5,380 330 6.53% 0.43%Sale of Recycled Materials 0 0 0 0

Pavilion Rental 12,000 9,210 10,190 (1,810) -15.08% 2.34%

Plan Review Fees 5,000 29,410 19,580 14,580 291.60% 18.87%

Demolition Recovery Fees 0 (90) 3,560 3,560 100.00% 4.61%

Customer Service Fee 0 0 0 0Zoning Application Fees 400 470 560 160 40.00% 0.21%

Total Charges for Services Revenues 5,122,753$ 4,931,010$ 5,200,030$ 77,277$ 1.51% 100.00%

2009 2010 2011 2012

FY 2013

(Projected)

Charges for Services Revenue 5,043,464$ 4,454,639$ 4,913,673$ 4,750,913$ 5,200,030$(percentage change over prior years) -11.68% 10.30% -3.31% 9.45%

Indirect Cost Allocations 4,743,332$ 4,178,087$ 4,673,000$ 4,437,900$ 5,374,970$

(percentage change over prior years) -11.92% 11.85% -5.03% 21.12%

Charges for Services 300,132$ 276,552$ 240,673$ 313,013$ (174,940)

(percentage change over prior years) -7.86% -12.97% 30.06% -155.89%

General Fund



General Fund

$5,043,464

$4,454,639

$4,913,673

$4,750,913

$5,200,030

2009 2010 2011 2012 FY 2013 (Projected)

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Budget

Rolling

Twelve


Projected

Over (Under)

Budget % Variance

% Weighted

on Category

Total Fines and Forfeitures Revenue 1,000,000$ 993,760$ 985,100$ (14,900)$ -1.49% 100.00%

By Category

Police Revenue 15,000 15,110 16,330 1,330 8.87% 8.93%

Traffic Fines 650,000 684,790 651,880 1,880 0.29% 12.62%

Camera Traffic Light Fines 325,000 293,210 308,560 (16,440) -5.06% 110.34%

Code Violations 0 180 0 0

Seat Belt Fines 0 0 0 0

Ordinance Fines 10,000 470 8,330 (1,670) -16.70% 11.21%

Total Fines and Forfeitures Revenue* 1,000,000$ 993,760$ 985,100$ (14,900)$ -1.49% 100.00%

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

General Fund

Fines and Forfeitures

$758,948

$644,537

$728,000

$636,100$651,880

$403,596 $434,595

$318,276

$310,300 $308,560

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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Budget

Rolling

Twelve


Projected

Over (Under)

Budget % Variance

% Weighted

on Category

Other Revenues

Investment Income 8,000$ 11,810$ 17,220$ 9,220$ 115.25% 13.03%

Rents, Royalties and Other

Rents 198,541 213,420 211,360 12,819 6.46% 18.11%

Insurance Claims 16,500 16,550 16,830 330 2.00% 0.47%

Miscellaneous Revenue 0 4,750 260 260 100.00% 0.37%Contributions and Donations 0 4,260 370 370 100.00% 0.52%

Sub-total Rents, Royalties and Other 215,041 238,980 228,820 13,779 6.41% 19.47%

Proceeds and Other Financing

Sources

Proceeds of GMA Leases 0 642,740 0 0Proceeds of Sales of Fixed Assets 0 67,750 17,250 17,250 100.00% 24.37%

Sub-total Proceeds and Other

Financing Sources 0 710,490 17,250 17,250 100.00% 24.37%

Transfers:

Transfer from Hotel Motel Tax Fund 24,419 23,170 25,550 1,131 4.63% 1.60%

Transfer from Police Tech Fund 50,000 0 50,000 0 0.00%

Transfer from Court Tech Fund 25,000 0 25,000 0 0.00%

Transfer from Cemetery Fund 94,170

Transfer from Water/Wastewater

Fund 1,800,000 3,615,250 1,800,000 0 0.00% 0.00%

Transfer from Electric Fund7,756,617 6,412,860 7,756,617 0 0.00% 0.00%Transfer from Welcome Center Fund (1,600) 14,700 14,700 100.00% 20.77%

Transfer from Solid Waste Fund

Transfer from Airport Fund 45,100 45,100 0 0.00% 0.00%

Transfer from Storm Water Fund

Transfer from Golf Course

Transfer from Motor Pool

Transfer from GBTA (17,410) 14,700 14,700 100.00% 20.77%

Sub-total Transfers from Other Funds 9,701,136 10,126,440 9,731,667 30,531 0.31% 43.14%

Total Other Revenues 9,924,177$ 11,087,720$ 9,994,957$ 70,780$ 0.71% 100.00%

Other Revenues

General Fund

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2009 2010 2011 2012

FY 2013

(Projected)

Interest Income 15,966$ 6,847$ 8,829$ 8,829$ 17,220$

(percentage change over prior years) -57.12% 28.95% 0.00% 95.04%

Rental Income 191,521$ 195,969$ 196,689$ 193,874$ 211,360$

(percentage change over prior years) 2.32% 0.37% -1.43% 9.02%

Donations and Contributions 883$ 0 454$ 0 370$

(percentage change over prior years) -100.00% 0.00% -100.00% 0.00%

Other Revenues 14,884$ 28,680$ 4,957$ 16,871$ 34,340$

(percentage change over prior years) 92.69% -82.72% 240.35% 103.54%

--John Donne,

British poet, satirist, lawyer and cleric

I observe the physician with the same diligence as the desease. "

Other Revenues

General Fund

$15,966

$6,847

$8,829 $8,829

$17,220

$5,000

$10,000

$15,000

$20,000

2009 2010 2011 2012 FY 2013 (Projected)

Interest Income

Interest Income

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Griffin, Georgia 30223

100 South Hill Street

www.cityofgriffin.com

Department of Administrative ServicesCity of Griffin

THIS PAGE INTENTIONALLY LEFT BLANK

Finance and Accounting Division
http://www.cityofgriffin.com/

revenue status report fy 2012-2013 - general fund 20121231

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