Loading...
RevenueRevenue by Source Budget Actual (As of 6/30/2014) Last Year (LY) Actual (As of 6/30/2013) % to Budget Revenue by Source Budget vs. Actual Real Estate & Property Taxes 64,647,039$ 64,045,384$ 63,749,351$ 99% Excise Tax 5,695,445$ 6,712,914$ 5,902,460$ 118% Charges for Services 63,890$ 53,219$ 63,370$ 83% Fees & Rentals 1,157,170$ 1,412,618$ 1,155,428$ 122% License & Permits 1,075,075$ 1,405,911$ 1,075,074$ 131% State Local Aid 1,633,513$ 1,155,817$ 1,473,169$ 71% Other Intergovernmental 208,503$ 266,949$ 208,504$ 128% Miscellaneous 370,195$ 523,520$ 385,457$ 141%Transfers & Other Sources 502,640$ 1,118,762$ 579,031$ 100% Total 75,353,470$ 76,695,093$ 74,591,843$ 102% Revenue by Function Budget Actual (As of 6/30/2014) LY Actual (As of 6/30/2013) % to Budget General Government 74,277,737$ 74,976,158$ 73,459,781$ 101% Safety & Protection 494,611$ 574,641$ 479,800$ 116%Marine & Coastal Resource 215,507$ 202,789$ 225,631$ 94% Maintenance 290,590$ 292,088$ 320,700$ 101%Local Revenue by Department Budget vs. Actual Human Services 26,200$ 22,096$ 26,303$ 84% Transfers & Other Sources 48,825$ 627,322$ 79,628$ 1285% Total 75,353,470$ 76,695,093$ 74,591,843$ 102% Local Revenue by Department Budget Actual (As of 6/30/2014) LY Actual (As of 6/30/2013) % to Budget Town Administration 400,775$ 611,775$ 354,840$ 153% Finance & Operations 8,041,830$ 8,708,582$ 8,067,202$ 108% Town Clerk 70,950$ 77,547$ 76,256$ 109% Planning and Land Use Services 1,117,143$ 1,532,871$ 1,212,132$ 137% Police 451,751$ 517,261$ 430,555$ 115% Fire 42,860$ 57,380$ 49,245$ 134% Marine & Coastal Resource 215,507$ 202,789$ 225,631$ 94%Public Works (DPW)227,840$ 228,339$ 261,778$ 100% Town Gas 62,750$ 63,748$ 58,922$ 102% Human Services 26,200$ 22,096$ 26,303$ 84% Miscellaneous Non-Recurring -$ 616,122$ 74,028$ 100% Miscellaneous Recurring 48,825$ 11,200$ 5,600$ 23% Total 10,706,431$ 12,649,710$ 10,842,492$ 118% Total General Fund Revenue Budget Actual (As of 06/30/2014) LY Actual (As of 06/30/2013) % to Budget 75,353,470$ 76,695,093$ 74,591,843$ 102% FY14 General Fund Update Revenues As of June 30, 2014 86% 8% 0% 2% 1% 2% 0% 0% 1% Real Estate & Property Taxes Excise Tax Charges for Services Fees & Rentals License & Permits State Local Aid Other Intergovernmental Miscellaneous Transfers & Other Sources Important notes: Revenue remains a projection until certified by the Department of Revenue (DOR). Revenues are shown from two perspectives, total revenue and local revenue by department. The key difference is total revenue includes real estate and personal property tax revenue. Local revenue by department includes locally generated revenue such as fees, charges, permits, and local options tax. Total General Fund Revenues for FY 2014, as we see from the comparison with the same period a year ago, are up 3.7% as compared to the same period in FY2013. The reasons for the increase is a 31% increase in Fees and Rentals Revenues, a 14% growth in Excise Tax Revenues and a 31% increase in License and Permit Revenues in FY2014 over FY2013. The biggest increase in revenues in the Local Revenue by Department category in Town Administration, where revenues increased by 72.4% in FY2014 due to a $170,000 (128.9%) increase in Revenues from Sale of Liquor Licenses. The Planning and Land Use Services Department Revenues (which includes Planning, Building, Health, Code Enforcement and Historic District Commission) are up 26.46% due to a $146,035 (19.4%) increase in Building Permit Revenues, as well as a $70,520 (125.8%) increase in revenues from Filing Fees and a $ 14,220 (22.2%) growth in revenues from Wiring Inspection Fees. Police Revenues have increased by 20.2% in FY2014 over FY2013 as Parking Fines Revenues have grown $61,705 (32.4%). The biggest decline in revenues in the Local Revenues by Department category is in the Human Services, where revenues are down 16% in FY2014 over the same period in FY2013. The reason is a $15,957 ( 60.9%) decline in Private Patient Income Revenues from, as attendance in the Senior Daycare Program has been steadily declining in the last 18 months. The Public Works Department Revenues are down 12.8% in FY2014, as compared to FY2013 due to timing of a $35,000 payment from Chapter 81- State Highway. Marine Department revenues are down 10.1% due to $42,355 (76.32%) decline in Marine Town Pier Dockage revenues. We will continue to monitor declines due to timing differences to ensure they have all been elliminated at fiscal year end. In addition, we will continue to monitor the revenues closely to ensure that the departments experiencing positive growth continue in a sustainable way. 0% 50% 100% Town Administration Finance & Operations Town Clerk Planning and Land Use Services Police Fire Marine & Coastal Resource Public Works (DPW) Town Gas Human Services Miscellaneous Non-Recurring Miscellaneous Recurring Budget Actual (As of 6/30/2014)