Revenue Projections - Lee's Summit, Missouricolscf.cityofls.net/content/budget/Revenue Projections.pdfREVENUE PROJECTIONS The Major revenue sources for the City are sales taxes (net

Revenue Projections

Revenue Projections 43

REVENUE PROJECTIONSThe Major revenue sources for the City are sales taxes (net of economic activity tax payments), property taxes, water sales, sewer charges, payment in lieu of taxes, utilities franchise fees, landfill tipping fees and water tap fees. With these major revenue sources the Fiscal Year 2008 budget was based on estimated 2.39% population growth. Sales tax revenue was also increased with an inflation factor of 2%.

The following revenue projection pages are prepared for all City fund accounts that have an annual budgeted income in excess of $25,000, or have had in the past three years or are projected in Fiscal Year 2008 to have income at this level. They are presented in order of highest to lowest total revenue.

The starting point for all account revenue projections begins with the new construction building permit activity of the past year. From this, assessed valuations are projected for the property tax accounts. The building permit information also provides an estimation of population growth, which is normally factored into the various accounts such as license, permits and fees. Historical account activity is tracked to also provide trend information to provide a comparative basis for projections.

Each revenue page has five sections, which lists the account code, legal authorization, description, basis of revenue projection and the fund collection/distribution.

1. The Account Code section lists the specific line item that the receipt will be posted to in the city's general ledger accounting system.2. The Legal Authorization section should list either the state statute or city ordinance, which allows the city to levy and receive this source of funds. 3. The Description section provides a brief explanation of the formula (i.e. tax levy times assessed valuation or building permit square footage times rate per foot), or established schedule of fees. 4. The Basis of Revenue Projection section describes the logic and/or assumptions used to arrive at the projected amounts and possibly the history or trend analysis of the particular account. 5. The Fund Collection/Distribution section lists the most recent five years of actual receipt activity in the account, plus a projection for the current fiscal year and the upcoming budget year. In the case where a single revenue account is received in more than one fund, all funds are listed by fund category and then totaled.


SALES TAXLegal Authorization:

State Statute : Section 94.500 to 94.550, 94.575 & 94.700, Chapter 144

City Ordinance : 1-7(2)

Sales tax is broken between four funds as follows (through 3-31-08): General Fund 1.000% Local Park Development Fund 0.375% Transportation Fund 0.500% Capital Projects 0.500%As of 4-1-08, Sales tax will be broken between four funds as follows: General Fund 1.000% Local Park Development Fund 0.250% Transportation Fund 0.500% Capital Projects 0.500%

Fund CategoryCollection/Distribution General Park Transportation Capital TOTAL

Year Fund Development Tax Project

2002 Actual 9,492,109 3,625,723 4,833,357 5,565,623 23,516,812 2003 Actual 10,406,976 3,731,580 4,996,090 5,203,456 24,338,102 2004 Actual 11,162,329 4,013,219 5,351,811 5,580,304 26,107,663 2005 Actual 11,324,002 4,068,597 5,425,879 5,661,002 26,479,480 2006 Actual 11,997,069 4,301,455 5,737,640 5,996,165 28,032,329 2007 Budget 12,645,602 4,456,529 5,811,562 6,118,568 29,032,261 2007 Projected 12,431,045 4,461,401 5,951,045 6,212,968 29,056,459 2008 Budget 12,728,147 4,568,028 6,093,316 6,330,500 29,719,991

433,976 0.036173502731,078 0.060938051

Description:

The City imposes a total sales tax of 2.375% on all goods and commodities sold within the City limits with the exception of prescription drugs and farm machinery. Transportation and Park Development taxes are not levied on utilities. The State of Missouri receives the tax from the respective business and distributes the funds monthly to the City.

Beginning April 1, 2008, the City's total sales tax rate will reduce to 2.25% due to Park Development's reduction and extension of .25% and Capital Improvement's extension of .5%. Details of the Sales Tax breakdown between funds is provided below.

Basis of Projection: Sales tax receipts, in an actual to actualcomparison as of February 2007, exceeded budget by 3.6%. A 3.6%increase was added to the Fiscal Year 2006-07 revenue projection and a2.39% population increase was used as basis for the Fiscal Year 2007-08revenue budget.

Account Code:410.000411.000411.100 411.200

Financial Trend

$22,000,000

$23,000,000

$24,000,000

$25,000,000

$26,000,000

$27,000,000

$28,000,000

$29,000,000

$30,000,000

$31,000,000

2002 2003 2004 2005 2006 2007 2007 2008


EATS -- LOCAL SALES TAX

Fund CategoryCollection/Distribution General Park Transportation Capital TOTAL

Year Fund Development Tax Project

2002 Actual (545,814) (204,690) (272,907) (272,907) (1,296,318) 2003 Actual (1,096,567) (392,616) (548,663) (548,663) (2,586,510) 2004 Actual (1,145,099) (430,412) (572,549) (572,549) (2,720,610) 2005 Actual (1,168,929) (437,474) (583,298) (583,298) (2,772,999) 2006 Actual (1,214,815) (451,583) (602,110) (602,110) (2,870,618) 2007 Budget (1,053,655) (547,130) (570,185) (570,185) (2,741,155) 2007 Projected (1,346,439) (547,130) (570,185) (570,185) (3,033,939) 2008 Budget (1,400,096) (498,228) (643,507) (643,507) (3,185,338)

(131,624.00) 0.108349008(185,281) 0.152517873

Legal Authorization:

State Statute : Section 99.820

City Ordinance :

Description:

The Economic Activity Taxes (EATS) are 50% of the total City sales tax of 2.375% imposes on all goods and commodities sold within theredevelopment project area with the exception of drugs and farm machinery. The tax is designated for the retirement of Tax IncrementFinancing (TIF) bonds. Lee's Summit has two active redevelopment areas, Summit Woods and Chapel Ridge.

The EATS account is recorded as contra revenue to local sales tax receipts therefore it appears as negative amounts.

Account Code:410.001411.001411.101 411.201

Basis of Projection:

A % increase (% population growth, % inflation) was added to the FY 2005-2006 revenue projection and used as basis for the Fiscal Year 20072008 revenue budget.

Financial Trend

-$3,500,000

-$3,000,000

-$2,500,000

-$2,000,000

-$1,500,000

-$1,000,000

-$500,000

$02002 2003 2004 2005 2006 2007 2007 2008



ASSESSED VALUATION

FY02, CY 2001 ACTUAL 967,426,657 FY03, CY 2002 ACTUAL 1,054,990,147 FY04, CY 2003 ACTUAL 1,222,521,038 FY05, CY 2004 ACTUAL 1,283,251,447 FY06, CY 2005 ACTUAL 1,414,260,161 FY07, CY 2006 ESTIMATE 1,495,561,869

Levy RatesGeneral Parks Debt Service

FY02, CY 2001 0.9600$ 0.1700$ 0.4800$ FY03, CY 2002 0.9600$ 0.1700$ 0.4800$ FY04, CY 2003 0.9057$ 0.1604$ 0.4800$ FY05, CY 2004 0.9057$ 0.1604$ 0.4800$ FY06, CY 2005 0.8900$ 0.1576$ 0.4800$ FY07, CY 2006 0.8900$ 0.1576$ 0.4800$

Fund CategoryCollection/Distribution General Parks Debt TOTAL

Year Fund Fund Service

2002 Actual 9,326,129 1,651,380 4,661,667 15,639,176 2003 Actual 10,066,235 1,783,997 5,035,779 16,886,010 2004 Actual 10,686,254 1,943,224 5,661,060 18,290,538 2005 Actual 11,510,273 1,984,348 6,098,525 19,593,146 2006 Actual 12,248,654 2,165,743 6,572,576 20,986,973 2007 Budget 13,113,958 2,411,882 7,052,619 22,578,459 2007 Projected 13,140,942 2,411,883 7,067,077 22,619,902 2008 Budget 13,677,101 2,519,212 7,228,886 23,425,199

26,984 0.00 563,143 0.04294226

PROPERTY TAX


State Statute : 94.400 RSMo

City Ordinance : N/A

Description:Revenue from the ad valorem tax, levied on all real and personal property, based upon the assessed valuation as established by the County Assessoron January 1st of each year. Real property assessed valuation is determined by applying the "market value" times the appropriate assessment ratios.They are as follows: Commercial/Industrial - 32%; Residential - 19%; Agricultural - 12%. Personal property assessed valuation is set at 33% of marketvalue and is determined by the State Tax Commission. Each year the City Council must set the rates to be levied for the City’s property taxes. In oddnumbered years, such as 2005, all county assessors are required to “re-assess” property values in their county. A tax levy “rollback” was required forthe 2005 (FY 2005-06) General Revenue Fund and the Parks and Recreation Fund levies because the assessed value of property increased byapproximately 1.82% more than the CPI (making it necessary to lower the tax rate applied to obtain the aggregate tax revenue allowed under the“Hancock Amendment”). The total City levy for 2005 was $1.5276 compared to 2004's rate of $1.5461.

Account Code:

400.100 & 400.200

Financial Trend

$12,000,000

$14,000,000

$16,000,000

$18,000,000

$20,000,000

$22,000,000

$24,000,000

2002 2003 2004 2005 2006 2007 2007 2008


WATER SALES

Fund CategoryCollection/ Water/Distribution Sewer TOTAL

Year Fund

2002 Actual 8,956,987 8,956,987 2003 Actual 10,554,236 10,554,236 2004 Actual 11,423,486 11,423,486 2005 Actual 11,024,726 11,024,726 2006 Actual 12,097,614 12,097,614 2007 Budget 12,052,822 12,052,822 2007 Projected 12,671,183 12,671,183 2008 Budget 12,283,500 12,283,500


State Statute : N/A

City Ordinance : 32.101

Description and Basis of Projection:

Projected water sales reflect revenues anticipated from approximately 31,000 retail customers, large industrial customers such as SummitTechnologies, one wholesale water district and Public Water District # 14, which is operated and maintained by the City's utility. Analysis ofhistoric experience, adjusted for known changes, provides a reasonable basis for projection of customers served and annual waterdemands. Wholesale sales are expected to decline as the districts purchase water directly from Kansas City and disconnect their serviceswith Lee's Summit. Retail sales are anticipated to increase by 857 residential equivalents. Residents of the City experience variousweather conditions that affect their consumption, Water Utilities has based projections on a five-year consumption average, growth andapplicable rates.

Account Code:

470.000

Financial Trend

$8,400,000

$9,400,000

$10,400,000

$11,400,000

$12,400,000

$13,400,000

2002 2003 2004 2005 2006 2007 2007 2008

Bases of Projections:

permanently installed meters (meter sizes expressed in inches). Price of water is per 1,000 gallons. Prices effective November, 2005.

Winter Summer Meter size Monthly Chg.RESIDENTIAL 5/8 and 3/4 $5.35

First 7,000 Gal $2.71 $2.71 1 $6.007,001 - 15,000 Gal $2.87 $3.00 1 1/2 $6.45over 15,000 Gal $3.02 $3.42 2 $8.10

3 $11.00BUSINESS $2.92 $2.92 4 $24.00

6 $37.008 $55.00

This schedule applies to all customers receiving City water services through

BASE CHARGES


Fund CategoryCollection/ Water/Distribution Sewer TOTAL

Year Fund

2002 Actual 9,176,997 9,176,997 2003 Actual 9,978,743 9,978,743 2004 Actual 10,920,933 10,920,933 2005 Actual 11,410,937 11,410,937 2006 Actual 12,195,477 12,195,477 2007 Budget 12,515,055 12,515,055 2007 Projected 13,132,025 13,132,025 2008 Budget 12,698,630 12,698,630

SEWER CHARGES


State Statute : N/A

City Ordinance : 32 - 313

Description:As with water consumption, sewer charges are based on three-year averages. Sewer charges for residential users are based on the threewinter months average water consumption. Projected sewer charges reflect revenues anticipated from approximately 31,000 retailcustomers and large industrial customers such as Summit Technologies and Unity Village. Analysis of historic experience, adjusted forknown changes, provides a reasonable basis for projection of customers served and annual sewer charges. Retail sales are anticipated toincrease by 857 residential equivalents or 3.0% annually. Charges for industrial customers are expected to remain constant. Sewercharges for residential users are based on the three winter months average water consumption.

Account Code:

471.000

Financial Trend

$8,000,000

$9,000,000

$10,000,000

$11,000,000

$12,000,000

$13,000,000

$14,000,000

$15,000,000

2002 2003 2004 2005 2006 2007 2007 2008

Bases of Projections:

Prices effective November, 2005.

Monthly Volume Charge Meter Size (inch) Monthly Chg.

5/8 and 3/4 $12.00Rate: 1 $18.00

$3.57 / 1,000 Gallons 1 1/2 $18.502 $19.503 $21.004 $27.006 $36.008 $45.00

Monthly Service Charges


CONTRIBUTIONS - FEDERAL

Fund CategoryCollection/Distribution General Special Enterprise Capital TOTAL

Year Fund Revenue Funds Project

2002 Actual 360,502 1,848,420 380,949 -- 2,589,871 2003 Actual 262,069 1,104,938 -- 448,417 1,815,424 2004 Actual 375,982 943,995 135,432 663,672 2,119,081 2005 Actual 228,486 654,801 411,467 17,145 1,311,899 2006 Actual 249,111 962,112 2,786,042 3,838,621 7,835,886 2007 Budget 255,305 884,280 2,667,406 1,016,000 4,822,991 2007 Projected 230,305 735,018 9,648,623 2,467,617 13,081,563 2008 Budget 146,415 680,663 4,900,000 1,962,400 7,689,478


State Statute : N/A


Description:

Grant monies originating with the Federal Government, whether received directly from the Federal Government or indirectly from the Stateof Missouri, are recorded in this account. Federal Transportation Funds (used for improving major roadways), CDBG Funds, HighwaySafety Grants, and Violence Against Women Act (VAWA) Funds are recorded in this account.


Federal contributions include monies from High Intensity Drug Trafficing Activity(HIDTA) Grant, Highway Safety Grants, Local Law Enforcement Block Grants andFederal Emergency Management Agency (FEMA). Fiscal Year 2007-2008 CapitalProjects include Todd George Road (McKee to Tudor), Chipman Road Phase II(Olive to M-291), and Langsford Road (Todd George to Old City Limits).

Account Code:

510.300

Financial Trend

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

$7,000,000

$8,000,000

$9,000,000

$10,000,000

$11,000,000

$12,000,000

$13,000,000

$14,000,000

2002 2003 2004 2005 2006 2007 2007 2008


REFUND & REIMBURSEMENTS

Fund CategoryCollection/ Special Debt Service / Distribution General Revenue Proprietary Capital TOTAL

Year Fund Funds Fund Project

2002 Actual 181,295 5,152 299,312 1,341,727 1,827,486 2003 Actual 8,746 64,455 129 2,509,816 2,583,146 2004 Actual 4,336 867 2 1,725,181 1,730,386 2005 Actual 6,578 21,590 291 2,879,580 2,908,039 2006 Actual 3,975 101,679 744 31,031 137,429 2007 Budget 5,387 6,200 96,828 5,209,000 5,317,415 2007 Projected (49) 50,391 304,549 1,671,149 2,026,040 2008 Budget 1,511 6,200 95,949 112,000 215,660


State Statute : N/A


Description:

Reimbursements from City employees for personal expenses paid by the City, such as telephone calls, are recorded in this account.Reimbursements by insurance companies and individuals for property damage repaired by the City, police officer's salary by the ViolenceAgainst Women Act Grant and from home owner associations for decorative lighting are also recorded in the account. Starting in FY 2002,Tax Increment Financing (TIF) capital expense reimbursement from the trustee are recorded in this account.


Capital project funds in receive TIF capital expense reimbursement from the TIFtrustee. Fiscal Year 2007-2008 was budgeted not to include any of thesepayments. Projected FY 2006-2007 includes these reimbursements.

Proprietary funds reimbursements include excess interest and escrow payments.

Account Code:

495.000

Financial Trend

$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

2002 2003 2004 2005 2006 2007 2007 2008


PAYMENT IN LIEU OF TAXES (PILOT)


Fund CategoryCollection/ TaxDistribution General Special Debt Increment TOTAL

Year Fund Revenue Service Financing

2002 Actual -- -- -- -- -- 2003 Actual 705,476 -- -- 1,782,767 2,488,243 2004 Actual 812,568 -- -- 1,252,265 2,064,833 2005 Actual 775,772 -- -- 1,744,459 2,520,231 2006 Actual 738,976 -- -- 1,665,190 2,404,166 2007 Budget 716,571 -- -- 1,665,393 2,381,964 2007 Projected 716,571 -- -- 1,736,210 2,452,781 2008 Budget 694,165 -- -- 1,781,751 2,475,916

Chapter 100 BondsTownsend Capital LLC and BHA Technologies Inc. are reflected in the General Fund category below. The PILOTs are generated pursuant to the terms of Section 100.010 to 100.200, RSMo. The allocation of the PILOT for distribution to the City is based on the City's levy in effect when the Section 100 Bonds were issued.Tax Increment FinancingSummitwoods Crossing and Chapel Ridge are reflected in the Tax Increment Financing category below. The PILOTs are generated pursuant to the terms of the Real Property Tax Increment Allocation Redevelopment Act, codified in Sections 99.800 to 99.865, RSMo.


State Statute : Section 100.010 to 100.200, 353.030, and 99.800 to 99.865


Description:

The City promotes economic development by imposing PILOTs on the following:

1. Chapter 100 Bonds - induces responsible new industries to locate in the area, as well as encourages companies already in the area to remain, by assisting them in improving their present facilities or in building new ones; ad valorem taxes on bond-financed property are abated, and PILOTs are made by the company to the City and each political subdivision.

2. Tax Increment Financing - encourages development of blighted, substandard, or economically under-utilized areas that would not develop without public assistance; the PILOTs are made by property owners in the redevelopment area on the increase in current equalized assessed valuation of each such parcel, and such payments are deposited into the special allocation fund; payments to the SAFmay be used to pay for the redevelopment project costs or to repay any obligations (i.e., bonds or promissory notes) issued by the municipality to pay for the redevelopment project costs.

Account Code:

405.000

Financial Trend

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

2002 2003 2004 2005 2006 2007 2007 2008


UTILITY FRANCHISE FEES

ELECTRICITY

Fund CategoryCollection/ Debt ServiceDistribution General Special or Capital TOTAL

Year Fund Revenue Enterprise Fund Project

2002 Actual 2,973,639 -- -- -- 2,973,639 2003 Actual 3,268,508 -- -- -- 3,268,508 2004 Actual 3,407,919 -- -- -- 3,407,919 2005 Actual 3,742,680 -- -- -- 3,742,680 2006 Actual 4,259,259 -- -- -- 4,259,259 2007 Budget 4,634,444 -- -- -- 4,634,444 2007 Projected 4,785,705 -- -- -- 4,785,705 2008 Budget 5,330,797 -- -- -- 5,330,797


State Statute : 94.110

City Ordinance : 28-90

Description:

The city charges a license fee of 7% of the gross receipts derived from the sale of electric energy for domestic and commercialconsumption within the City. The tax is collected by the utility company and remitted to the city the following month.


Electric franchise fees, in actual to budget comparison at 2nd quarter-end,exceeded budget by 3%. The 2006-07 projected revenue has been adjusted by12% percent to the prior year actual receipts. An 11.39% increase over 2006-07projected revenue will be used for the Fiscal Year 2007-08 revenue budget due toan estimated population growth of 2.39% and Aquila's anticipated rate increase of9%.

Account Code:

416.300

Financial Trend

$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,250,000$4,500,000$4,750,000$5,000,000$5,250,000$5,500,000$5,750,000$6,000,000

2002 2003 2004 2005 2006 2007 2007 2008


LANDFILL TIPPING FEES

Fund CategoryCollection/ SolidDistribution Waste TOTAL

Year Fund

2002 Actual 2,763,264 -- -- -- 2,763,264 2003 Actual 2,345,310 -- -- -- 2,345,310 2004 Actual 2,365,739 -- -- -- 2,365,739 2005 Actual 2,419,976 -- -- -- 2,419,976 2006 Actual 2,496,330 2,496,330 2007 Budget 2,388,150 2007 Projected 2,463,705 -- -- -- 2,463,705 2008 Budget 2,590,000 -- -- -- 2,590,000


State Statute : N/A

City Ordinance : Section 25 - 66

Description:

Revenue from the disposal of waste at the Resource Recovery Park is recorded in this account. Rates are based on calculationsestimating the remaining space in the landfill. Based on 2004 volume calculations, total cubic yards remaining were 2,327,511. Based onprojections of daily volumes of 305 tones per day, the landfill will have a remaining life of approximately 13.5 years. Substantial deviationsfrom the estimated daily volumes will shorten or extend the planned life of the landfill. Flow control and other market factors requirerecalculation of estimates periodically.


Fiscal Year 2007-2008 projections are based on current daily volumes of tons perday and past program performance from previous fiscal year actuals.

Account Code:

036 477.100 & 477.200

Financial Trend

$2,100,000

$2,350,000

$2,600,000

$2,850,000

2002 2003 2004 2005 2006 2007 2007 2008


WATER TAPS

Fund CategoryCollection/Distribution Capital TOTAL

Year Project

2002 Actual 3,256,920 -- -- -- 3,256,920 2003 Actual 3,405,144 -- -- -- 3,405,144 2004 Actual 3,392,159 -- -- -- 3,392,159 2005 Actual 3,204,714 -- -- -- 3,204,714 2006 Actual 2,742,892 2,742,892 2007 Budget 2,625,483 2,625,483 2007 Projected 2,004,598 -- -- -- 2,004,598 2008 Budget 2,448,449 -- -- -- 2,448,449


State Statute : N/A

City Ordinance : Section 32 - 107

Description:

A water service charge shall be paid by each applicant for a new water service connections. The applicant shall perform all work includingexcavation, backfill, restoration, installation of the service line, and installation of the meter and all appurtenances. The applicant shallprovide the copper service line. Also included in the water tap fee is an amount which is intended to provide capital for the development ofthe City's transmission capacity.


This revenue source is an integral part of the City's Water Capital ImprovementProgram. The tap fee charge is per connection. The FY 2007-2008 budget forSewer Tap revenues is based on "new connections". The new connectionestimate is the figure used in the water rate model to project rates.

Account Code:

033 476.000

Financial Trend

$1,800,000

$2,000,000

$2,200,000

$2,400,000

$2,600,000

$2,800,000

$3,000,000

$3,200,000

$3,400,000

$3,600,000

2002 2003 2004 2005 2006 2007 2007 2008


EXCISE TAX



2002 Actual -- -- -- 2,717,834 2,717,834 2003 Actual -- -- -- 2,311,190 2,311,190 2004 Actual -- -- -- 2,178,916 2,178,916 2005 Actual -- -- -- 2,488,630 2,488,630 2006 Actual -- -- -- 2,243,124 2,243,124 2007 Budget -- -- -- 2,235,193 2,235,193 2007 Projected -- -- -- 1,293,497 1,293,497 2008 Budget -- -- -- 1,064,830 1,064,830


State Statute :


Description:Excise tax is paid by development generating new traffic in the City in the form of a license tax on building contractors for the purpose ofraising revenue. The proceeds are used for streets and related improvements throughout the City, including but not limited to the design,construction, reconstruction, repair and maintenance of streets, roads and bridges and related improvements in the City and the acquisitionof all necessary right-of-way. Excise tax is to be imposed on the basis of the additional vehicle trips generated by any development activityrequiring a building permit and resulting in additional vehicle trips as calculated during the afternoon time period (p.m. peak hour) whentraffic volume on the adjacent streets is highest.


Both the FY 2006-2007 Projection and FY 2007-2008 budget were reduced to reflect the recent trend in Lee's Summit's developments.

Account Code:

042 403.000

Financial Trend

$800,000

$1,050,000

$1,300,000

$1,550,000

$1,800,000

$2,050,000

$2,300,000

$2,550,000

2002 2003 2004 2005 2006 2007 2007 2008


INTEREST ON INVESTMENTS

Fund CategoryCollection/ Special Debt Service/Distribution General Revenue Proprietary Capital TOTAL

Year Fund Fund Fund Project

2002 Actual 756,007 316,136 1,600,176 2,014,291 4,686,610 2003 Actual 611,576 256,774 1,034,799 2,464,541 4,367,690 2004 Actual 524,126 258,524 1,350,206 2,981,028 5,113,885 2005 Actual 305,082 140,229 734,061 420,296 1,599,668 2006 Actual 775,072 251,187 1,000,437 2,745,798 4,772,494 2007 Budget 604,013 200,890 548,932 853,626 2,207,461 2007 Projected 1,168,617 461,472 1,710,232 4,822,550 8,162,871 2008 Budget 756,355 306,508 637,482 847,618 2,547,963




Description:

The City maintains a cash and investment pool which is available to all funds. These funds are combined and managed by the city's cashmanagement officer. Investments in the pooled cash fund include United States Treasury Bills and Notes and non-callable U. S. Agencyofferings and are carried at cost, which approximates market value. Interest income is distributed, by percentage, to the various funds on amonthly basis in accordance with the fund's cash balance. Current portfolio maturities extend to a maximum of three (3) years. Newinvestments are usually made at the maximum three (3) year maturity.


Projections are based on average cash balances multiplied by the averagepercentage yield of 5%. The Fiscal Year 2006-07 Projections exceed budget$657,213 due to $12 million dollars in transfers. The Fiscal Year 2007-08 budgetwas reduced from the Fiscal Year 2006-07 projection due to only $500,000 intransfers. An interest rate of 5% is used for FY 2006-07.

Account Code:

490.100 490.200

Financial Trend

$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

$7,000,000

$8,000,000

$9,000,000

2002 2003 2004 2005 2006 2007 2007 2008


STATE MOTOR VEHICLE

FUEL TAX





State Statute : Article IV of the Constitution of the State of Missouri Section 30(b)


Description:

This tax is the City share of the State tax on motor vehicle fuel. Distribution to the cities is based on the population of that city as of the lastcensus count, which for Lee's Summit is 2000.

Vehicle Fuel Tax funds must be used solely for "construction, reconstruction, maintenance, repair, policing, signing, lighting, cleaning ofroads, and for the payment of principal and interest on indebtedness on account of road and street purposes and uses thereof".


Mid-year projections reflected a decrease in Fiscal Year 2006-2007 revenues byapproximately 4.2%. No increase was used as basis for the Fiscal Year 2007-2008 revenue budget.

Account Code:

417.000

Financial Trend

$1,300,000

$1,500,000

$1,700,000

$1,900,000

$2,100,000

$2,300,000

2002 2003 2004 2005 2006 2007 2007 2008


PAYMENT FOR GENERAL

AND ADMINISTRATIVE SERVICES




60,040 0.0303530037,128 0.003497378


State Statute : N/A


Description:

Payment for General and Administrative Services (G&A) is a fee collected by the General Fund which reflects the reimbursement forservices provided by General Fund employees, but not directly accounted for by the benefiting fund. Enterprise Funds fees are calculatedat 7% of gross billed revenues for that fiscal year.


The City Collects General & Administrative Services Revenue from Water Utility,Solid Waste, Airport, and Business and Industry funds. Payment from the WaterUtility Fund accounts for over 86% of this revenue. Due to an increase in outsidewater usage, the Fiscal Year 2006-07 projection exceeds budget by 6.9%. ForFiscal Year 2007-08, revenues are anticipated to grow .35%.

Account Code:

501.015, 501.028501.030, 501.036

Financial Trend

1,150,000

1,350,000

1,550,000

1,750,000

1,950,000

2,150,000

2002 2003 2004 2005 2006 2007 2007 2008



NATURAL GAS ENERGY




211,169 0.08450992364,767 0.023342118




Description:

The city charges a license fee of 7% of the gross receipts derived from the sale of natural gas for domestic and commercial consumptionin the City. The tax is collected by the utility company and remitted to the city the following month. Fees collected are highly dependent onweather conditions in the City. Wholesalers are also contracting with large volume users to purchase direct from the well fields avoidingthe franchise tax.


Higher purchased gas charges and higher gas consumption generated a mid-yearprojection increase in natural gas franchise tax revenue for Fiscal Year 2006-07.The FY 2007-08 budget figure was based on the FY 2006-07 projection with a2.39% population growth included.

Account Code:

416.100

Financial Trend

$1,100,000

$1,400,000

$1,700,000

$2,000,000

$2,300,000

$2,600,000

$2,900,000

2002 2003 2004 2005 2006 2007 2007 2008


COURT FINES



2002 Actual 1,031,816 -- -- -- 1,031,816 2003 Actual 1,246,399 -- -- -- 1,246,399 2004 Actual 1,139,454 -- -- -- 1,139,454 2005 Actual 1,447,213 -- -- -- 1,447,213 2006 Actual 1,423,349 -- -- -- 1,423,349 2007 Budget 1,395,181 -- -- -- 1,395,181 2007 Projected 1,265,148 -- -- -- 1,265,148 2008 Budget 1,295,385 -- -- -- 1,295,385




Description:

Fines levied by the judges of the Municipal Court of Lee's Summit are recorded in this account.


Mid-year revenues for Fiscal Year 2006-2007 fell below budget and were adjustedaccordingly for Fiscal Year 2006-2007 projection. The Fiscal Year 2007-2008revenues includes a 2.39% population growth factor over the Fiscal Year 2006-2007 projection.

Account Code:

450.000

Financial Trend

$900,0002002 2003 2004 2005 2006 2007 2007 2008



TELEPHONE



2002 Actual 1,189,472 -- -- -- 1,189,472 2003 Actual 1,185,691 -- -- -- 1,185,691 2004 Actual 1,139,383 -- -- -- 1,139,383 2005 Actual 1,143,088 -- -- -- 1,143,088 2006 Actual 1,037,857 -- -- -- 1,037,857 2007 Budget 1,614,655 -- -- -- 1,614,655 2007 Projected 1,023,192 -- -- -- 1,023,192 2008 Budget 992,496 -- -- -- 992,496




Description:

The city charges a license fee of 5.2% on the gross receipts derived from the telephone service charge for domestic and commercialconsumption in the City. The tax is collected by the utility company and remitted to the city the following month.


The FY 2006-07 mid-year projection was anticipated to be below budget by36.6%. The FY 2006-07 budget figure was based on FY 2006 projection witha Telecom Legislation increase. The state legislation authorized the city tobegin receiving the Franchise tax on wireless telephones beginning July 1,2006; however, the legislation was overturned and no wireless telephone taxwas recieved in FY 2006-2007.

Account Code:

416.200

Financial Trend

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

$1,800,000

2002 2003 2004 2005 2006 2007 2007 2008


REPLACEMENT TAX

Fund CategoryCollection/ Debt ServiceDistribution General Parks or Capital TOTAL

Year Fund Fund Enterprise Fund Project

2002 Actual 728,852 129,126 -- -- 857,978 2003 Actual 792,980 140,487 -- -- 933,467 2004 Actual 980,967 173,791 -- -- 1,154,758 2005 Actual 1,120,084 198,367 -- -- 1,318,451 2006 Actual 1,184,345 209,748 1,394,093 2007 Budget 1,191,921 213,200 1,405,121 2007 Projected 1,191,921 217,958 -- -- 1,409,879 2008 Budget 1,220,408 218,530 -- -- 1,438,938

7,576 0.00639678528,487 0.023900074


State Statute : Sections 139.600, MO Constitution Article X Section 6 City Ordinance : N/A

Description:

Replacement tax levied by Jackson County against the assessed valuation of real property, listed in subclass (3) of class 1 of Section 4 (b)of Article X of the State Constitution necessary to produce the total revenues lost by taxing authorities due to the exemption of "Merchants& Manufacturers" tangible personal (inventory) effective January 1, 1985.

The business inventories tax was repealed in Amendment No. 7 in August 1982.


In Jackson County, the tax levy rate is $1.437 per $100 of assessed value. Thistax is allocated to the various political subdivisions within the county based on theircommercial assessed value. With the City's increase in commercial property valuethe revenue continues to grow. The Fiscal Year 2007-08 budget projects a 2.39%population growth over Fiscal Year 2006-07 projection.

The total revenue received from the county is allocated between the GeneralOperating and Parks & Recreation Fund based on their respective tax levies.

Account Code:

402.000

Financial Trend

$800,000

$900,000

$1,000,000

$1,100,000

$1,200,000

$1,300,000

$1,400,000

$1,500,000

2002 2003 2004 2005 2006 2007 2007 2008


AMBULANCE FEES



2002 Actual 805,963 -- -- -- 805,963 2003 Actual 821,164 -- -- -- 821,164 2004 Actual 952,031 -- -- -- 952,031 2005 Actual 1,197,583 -- -- -- 1,197,583 2006 Actual 1,422,523 1,422,523 2007 Budget 1,454,898 1,454,898 2007 Projected 1,535,168 -- -- -- 1,535,168 2008 Budget 1,571,859 -- -- -- 1,571,859




Description:This account contains charges for services provided by the City's emergency medical services technicians and paramedics. Listed beloware the billable rates: Resident Non-ResidentAdvanced Life Support $ 335 $ 395Basic Life Support 300 335Treatment without Transportation 150 250 In addition to the basic service charge, commodities and supplies consumed are also billed per schedule.


Mid-year Fiscal Year 2006-2007 budget review of revenues showed a increased ofapproximately 5% above budget. This increase was applied to the total budget to obtain the Fiscal Year 2006-2007 projected revenue. A 2.39% population growth has been added to the Fiscal Year 2006-2007 projection for the Fiscal Year 2007-2008 budget.

Emergency Medical Transported 2001 Actual 2,549 2002 Actual 2,609 2003 Actual 2,812 2004 Actual 2,947 2005 Actual 3,190 2006 Actual 3,689

Account Code:

460.000

Financial Trend

$750,000

$2,250,000

2002 2003 2004 2005 2006 2007 2007 2008


CONTRIBUTIONS - COUNTY

Fund CategoryCollection/Distribution General Special Enterprise Capital TOTAL

Year Fund Revenue Fund Project

2002 Actual 353,456 8,065 -- 357,110 718,631 2003 Actual 356,169 7,710 -- 1,194,172 1,558,051 2004 Actual 322,581 (976) -- 1,156,894 1,478,499 2005 Actual 416,554 -- -- 1,535,977 1,952,531 2006 Actual 336,643 -- -- 1,524,626 1,861,269 2007 Budget 350,000 -- -- 667,788 1,017,788 2007 Projected 350,000 -- -- 1,567,486 1,917,486 2008 Budget 578,000 -- -- 1,001,001 1,579,001


State Statute : N/A


Description:

Grant funding originated from Jackson County is recorded in this revenue account. General Fund revenues include DARE and Drug TaskForce grant money. Capital Projects revenues include County Urban Road System Tax.


County contributions for Fiscal Year 2007-2008 include :

Jackson County Drug T.A.S.K. Force $180,000 DARE $398,000

Account Code:

510.200

Financial Trend

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

$1,800,000

$2,000,000

$2,200,000

2002 2003 2004 2005 2006 2007 2007 2008


PARKS & RECREATIONACTIVITY FEES

Fund CategoryCollection/Distribution Recreation Community Gamber TOTAL

Year Center Parks Pool Center Center

2002 Actual 533,353 66,660 47,268 -- 647,281 2003 Actual 607,929 (335) 53,369 -- 660,963 2004 Actual 690,348 -- 66,027 52,740 809,114 2005 Actual 753,954 -- 58,928 86,294 899,176 2006 Actual 837,750 53,366 154,256 1,045,372 2007 Budget 644,050 59,870 273,716 977,636 2007 Projected 634,289 -- 57,414 294,334 986,037 2008 Budget 642,730 -- 55,735 328,940 7,093 1,034,498


State Statute : N/A


Description:

Fees from various levels of aquatic instructions, both indoor and outdoor, are recorded in this revenue account. The majorsource of fees to this account from the Recreation side is Camp Summit, our summer day camp and Athletic fees which includesvolleyball, softball, basketball, kickball, hockey, and dodge ball, and Instructional offerings. Legacy Park Community Centerswim lesson fees, personal trainer fees and other program fees are also recorded in this revenue account.


Activity Fees projections are based on estimated enrollment numbers forthe various programs and activities. The Instructional programs havebeen a huge success with a wide variety of offerings. Athleticprojections are based on an average number of participants multiplied bythe fee schedule.

Legacy Park Community Center activity fees include swim lessons,personal trainer fees, child care passes, massage therapy, Teen Factor,and other miscellaneous programs. The participation is estimated andmultiplied by the fees per program.

The Gamber Center has been added for Fiscal Year 2007-2008.

Account Code: 461.000-461.800

Financial Trend

$640,000

$690,000

$740,000

$790,000

$840,000

$890,000

$940,000

$990,000

$1,040,000

$1,090,000

$1,140,000

$1,190,000

$1,240,000

2002 2003 2004 2005 2006 2007 2007 2008


OTHER SERVICES

Fund CategoryCollection/ Parks & Water/Distribution General Recreation Sewer Capital TOTAL

Year Fund Funds Fund Project

2002 Actual 575,599 124,929 26,676 1,645 728,849 2003 Actual 685,682 170,517 5,317 -- 861,517 2004 Actual 761,500 -- 6,135 -- 767,634 2005 Actual 908,941 -- 8,202 -- 917,143 2006 Actual 809,338 138 16,714 -- 826,190 2007 Budget 757,794 -- 11,850 -- 769,644 2007 Projected 984,259 2,570 13,956 -- 1,000,785 2008 Budget 882,639 -- 11,625 -- 894,264


State Statute : N/A


Description:

The primary source recorded in the General Fund section is the assessment for providing fire and emergency medical services support forUnity Village and Greenwood as well as dispatching fees from Lake Lotawana. The Street / Stormwater Department concrete services andthe City's weed assessments are also included in this account.


The FY 2006-07 projection includes 2 year's worth of concrete reimbursement; andtherefore, it is highter than the FY 2007-08 Budget.

On 1-1-06, the Priarie Township Fire Protection District began providing its owntransport ambulance service, and the Lee's Summit Fire Department continues toprovide emergency dispatch services. The FY 2007-08 budget includes no newcontracts for EMS/Dispatch services.

Account Code:

507.000507.300507.400

Financial Trend

$450,000

$550,000

$650,000

$750,000

$850,000

$950,000

$1,050,000

2002 2003 2004 2005 2006 2007 2007 2008


MEMBERSHIPS

Fund CategoryCollection/Distribution Recreation Community TOTAL

Year Center Parks Pool Center

2002 Actual -- -- 55,116 -- 55,116 2003 Actual -- -- 48,100 -- 48,100 2004 Actual -- -- 55,116 451,532 506,648 2005 Actual -- -- 41,145 838,111 879,256 2006 Actual -- -- 42,096 760,982 803,078 2007 Budget -- -- 60,750 863,457 924,207 2007 Projected -- -- 30,340 846,517 876,857 2008 Budget -- -- 67,100 910,744 977,844


State Statute : N/A


Description:

Individual membership fees or passes to the outdoor Lee's Summit Pool and Legacy Park Community Center (LPCC) memberships arerecorded in this account. Fees for LPCC memberships provide access to most amenities at the center including programs and classeswith the exception of community room rental.


Fiscal Year 2006-2007 Projected is estimated at under budget due to the poolclosing early in order to begin the new aquatics center. Estimates for Fiscal Year2007-2008 include an increase above Fiscal Year 2006-2007 Budget.

Legacy Park Community Center memberships are projected to come in just underFiscal Year 2006-2007 budget estimates. The Annual Flex or auto debit planoffered to patrons is thought to be a positive influence in reaching the budget goal.Fiscal Year 2007-2008 is projected at a 5% increase over Fiscal Year 2006-2007Budget.

Account Code:

463.200

Financial Trend

$20,000

$120,000

$220,000

$320,000

$420,000

$520,000

$620,000

$720,000

$820,000

$920,000

2002 2003 2004 2005 2006 2007 2007 2008



CABLE T.V.



2002 Actual 614,382 -- -- -- 614,382 2003 Actual 623,003 -- -- -- 623,003 2004 Actual 719,522 -- -- -- 719,522 2005 Actual 850,615 -- -- -- 850,615 2006 Actual 822,085 822,085 2007 Budget 949,095 949,095 2007 Projected 894,554 -- -- -- 894,554 2008 Budget 915,934 -- -- -- 915,934




Description:

The city charges a license fee of 5% of the gross receipts derived on all service charges for customers subscribing to cable televisionservice. The City of Lee's Summit is served by two cable companies. Both collect the tax which is assessed on their regular monthlybilling. The cable companies remit their fees on a quarterly basis to the City.


Revenues for Fiscal Year 2006-2007 fell below budget 5.75% and were adjustedaccordingly for Fiscal Year 2006-2007 projection. A 2.39% population increasewas applied to the Fiscal Year 2006-2007 projection to the Fiscal Year 2007-2008Budget.

Account Code:

416.500

Financial Trend

$500,000

$550,000

$600,000

$650,000

$700,000

$750,000

$800,000

$850,000

$900,000

$950,000

$1,000,000

2002 2003 2004 2005 2006 2007 2007 2008


CIGARETTE TAX



2002 Actual 468,443 -- -- -- 468,443 2003 Actual 473,182 -- -- -- 473,182 2004 Actual 503,607 -- -- -- 503,607 2005 Actual 484,981 -- -- -- 484,981 2006 Actual 481,359 -- -- -- 481,359 2007 Budget 480,595 -- -- -- 480,595 2007 Projected 464,308 -- -- -- 464,308 2008 Budget 408,591 -- -- -- 408,591


State Statute : Chapter 149


Description:

Effective January 1,1997, the State of Missouri no longer required municipal metered cigarette packages with specific jurisdictiondesignations. Only a state decal will be affixed. Reports will be distributed from the State of Missouri to each city indicating how manypackages were sold in their respective jurisdiction to aid in reconciliation of remittance received from the wholesalers. If revenues shoulddecline significantly, the city could reinstitute the stamp requirement at a later date. The City has full rights to revoke the privilege of sellingcigarettes by literally pulling all contraband from the shelves if not fully cooperative.


The Cigarette Tax continues to decline. Fiscal Year 2006-2007 Projectionsreflected a 3.4% decrease to budget. A 12% decrease has been projected for FY2007-2008 budget.

Account Code:

412.000

Financial Trend

$400,000

$420,000

$440,000

$460,000

$480,000

$500,000

$520,000

2002 2003 2004 2005 2006 2007 2007 2008


HANGAR RENTAL

Fund CategoryCollection/ Debt ServiceDistribution Special or Capital TOTAL

Year Airport Revenue Enterprise Fund Project



State Statute : N/A


Description:

Revenues from the rental of 136 hangar units at the City owned airport are recorded in this account. Rental rates are expected to beincrease by 1% in Fiscal Year 2007-2008. Hangar occupancy has been running on an average of 96%. There currently is no existingwaiting list to fill any vacancies that come available for any of the types of hangar units.


Existing hangars at 100% occupancy = $ 460,499

Proposed 1.0 percent rate increase = $4,605

Total = $465,104

Fiscal Year 2006-2007 projections were revised to reflect 92% occupancy rate.

Account Code:

489.200

Financial Trend

$350,000

$375,000

$400,000

$425,000

$450,000

$475,000

2002 2003 2004 2005 2006 2007 2007 2008


STATE MOTOR VEHICLE

SALES TAX





State Statute : 144.069, 94.560


Description:

This tax is on the purchase price of a motor vehicle, trailers, boats and outboard motors. Sales tax rate is determined where the ownerresides.


The Vehicle Sales Tax was projected to end Fiscal Year 2006-2007 7.7% underbudget. The FY 2007-08 revenue budget reflects no increase from the Fiscal Year2006-2007 projection.

Account Code:

418.000

Financial Trend

$330,000

$380,000

$430,000

$480,000

$530,000

2002 2003 2004 2005 2006 2007 2007 2008


STATE MOTOR VEHICLE

LICENSE AND TRANSFER FEES





State Statute : Article IV of the Constitution of the State of Missouri Section 30(b)


Description:

This fee is the City share of the State of Missouri vehicle license and transfer fees assessed. Allocation is based on cities population basedon the last Federal decennial census. The Street Department operations budget was moved under the auspice of the General Fund in FY1996. Funds derived from this revenue source are to used solely for "construction, reconstruction, maintenance, repair, policing, signing,lighting, cleaning of roads, and for the payment and interest on indebtness on account of road and street purposes and uses thereof".


Fiscal Year 2006-2007 revenues were projected to exceed budget byapproximately 20%. A 2.39% population increase was applied to the total budgetto obtain the FY 2007-2008 revenue.

Account Code:

419.000

Financial Trend

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000

2002 2003 2004 2005 2006 2007 2007 2008


HOTEL/MOTEL TAX

Fund CategoryCollection/ Business &Distribution Industry TOTAL

Year Fund

2002 Actual 352,308 352,308 2003 Actual 305,959 305,959 2004 Actual 320,133 320,133 2005 Actual 318,358 318,358 2006 Actual 336,894 336,894 2007 Budget 332,520 332,520 2007 Projected 332,520 332,520 2008 Budget 350,505 350,505




Description:

The Business and Industry Tax fund was created to account for the license tax on certain gross receipts of hotels, motels and similar placesof business, in an amount equal to 5% of gross daily rental receipts derived from transient guests for sleeping accommodations. Theproceeds are used to promote the general economic welfare of the city including attraction and retention of business and industry to thecommunity and the promotion and provision of facilities for tourism, conventions, and visitors.


The spike in revenue in FY 2002 is attributed to the construction of a largeshopping center in the city, the out of town workers stayed in hotels/motels.

The Fiscal Year 2006-2007 projection was estimated to be flat, or noincrease over the budgeted amount. For Fiscal Year 2007-2008, theBusiness and Industry Tax is estimated to increase 2.0% and Interestrevenues are estimated at an average rate of 5.0%. The 7 hotel/motels inthe City have a total of 418 rooms with an average occupancy rate of 57%between July and December of 2007.

Account Code:

409.000

Financial Trend

$225,000

$250,000

$275,000

$300,000

$325,000

$350,000

2002 2003 2004 2005 2006 2007 2007 2008


BUSINESS LICENSE TAX





State Statute : 94.270, 79.450

City Ordinance : 28 - 30, 62, & 63,

Description:

This is the license required of all business owners operating within the City boundaries. Businesses are assessed annually at the rate of$30 plus $5 per employee. Manufacturing establishments are assessed annually at the rate of $26 plus $1 per employee. Starting in FY2003 massage facilities and therapists require a license which is included in this account. Massage facilities are assessed at $100 andmassage therapists are assessed at $30 annually.

New applications throughout the year are pro-rated on a quarterly basis.


Within the City of Lee's Summit, there are approximately 4,200 licensed operatingbusinesses. Fiscal Year 2006-2007 revenues were projected to exceeded budgetby less than 1%. A 2.39% growth percentage increase has been projected forFiscal Year 2007-2008 budget.

Account Code:

425.000

Financial Trend

$170,000

$190,000

$210,000

$230,000

$250,000

$270,000

$290,000

2002 2003 2004 2005 2006 2007 2007 2008


COMMISSIONS - TAXES





State Statute : N/A


Description:

This revenue source is comprised of the 1.25 percent commission on total Jackson County tax dollars collected in our office. Beginning inFiscal Year 2007-2008, the commission will be reduced from 1.25% to 1%. All commissions are credited to the General Fund.


Public awareness and the tremendous growth of our City, are both factors whichhave made a significant difference in revenues collected. Newspaper pressreleases and message reminders on City water billings has made the citizens, andeven people from other nearby cities throughout the county, aware of theconvenience of paying in person and getting their receipt at the time of paymentrather than in the mail weeks later. For Fiscal Year 2006-2007, revenues areprojected to be less than budget due to the increasing number of people payingproperty taxes online.

Beginning in Fiscal Year 2007-2008, the commission will be reduced from 1.25% to1%. This decrease is reflected in the Fiscal Year 2007-2008 Budget.

Account Code:

486.100

Financial Trend

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

2002 2003 2004 2005 2006 2007 2007 2008


COURT COSTS







Description:

Court costs are fees levied by the Municipal Court, in addition to fines, to help offset the operating costs and to punish offenders who havebeen found guilty of violating municipal ordinances. A court cost in the amount of eleven dollars and fifty cents ($11.50) will be assessedon each case where the defendant pleads guilty or is found guilty.


Fiscal Year 2006-2007 projections reflected a 14% decrease from budget. Apopulation growth of 2.39 percent was added to the Fiscal Year 2006-2007revenue projection and used as basis for the Fiscal Year 2007-2008 revenuebudget.

Account Code:

457.000

Financial Trend

$120,000

$124,000

$128,000

$132,000

$136,000

$140,000

$144,000

$148,000

$152,000

$156,000

$160,000

2002 2003 2004 2005 2006 2007 2007 2008


ANIMAL SHELTER FEES







Description:

Adoption, boarding, and impoundment fees incurred at the City of Lee's Summit Animal Shelter are included in this revenue source. TheCity accepts animals from unincorporated Jackson County, the City of Grain Valley, and the City of Blue Springs. Currently each entitypays a fixed price of $7 per animal per day for boarding/impoundment with additional costs, added accordingly, for other services rendered.


Fiscal Year 2006-2007 projections are flat to slightly higher than budget. Apopulation growth was used for the Fiscal Year 2007-2008 budget.

Account Code:

462.000

Financial Trend

70,000

74,000

78,000

82,000

86,000

90,000

94,000

2002 2003 2004 2005 2006 2007 2007 2008


ZONING FEES





State Statute : Chapter 89


Description:

Zoning fees are charged for all rezoning or variance requests to offset advertising and administrative expenses.


Zoning Fees were increased mid-year FY 2005-06, and the FY 2005-06 Actualreflects this increase. The Fiscal Year 2006-2007 is projected to end the year165% over budget. The FY 2007-08 Budget reflects and 18% decrease from theFY 2006-07 Projected.

Account Code:465.000466.000

Financial Trend

$36,000

$56,000

$76,000

$96,000

$116,000

$136,000

$156,000

$176,000

$196,000

$216,000

2002 2003 2004 2005 2006 2007 2007 2008


SPECIAL DETAIL





State Statute : N/A


Description:

Off duty police officers, contracted through the City, perform security services for the private sector.


Fiscal Year 2006-2007 revenue projections exceed budget 16%. Fiscal Year 20072008 has a 2.39% population growth factored from Fiscal Year 2006-2007projections.

Account Code:

507.100

Financial Trend

$35,000

$45,000

$55,000

$65,000

$75,000

$85,000

$95,000

$105,000

$115,000

$125,000

$135,000

2002 2003 2004 2005 2006 2007 2007 2008


CODES INSPECTION FEES



2006 Actual 539,312 539,312 2007 Budget 1,085,079 1,085,079 2007 Projected 1,085,079 -- -- -- 1,085,079 2008 Budget 1,085,079 -- -- -- 1,085,079



City Ordinance : 7 - 153, 7 - 160, 6014

Description:

Electrical permit fees per Chapter 7 of the Code of Ordinances, Mechanical permit fees per the 1991 Uniform Mechanical Code, and Plumbing permitfees per the 1988 Uniform Plumbing Code for new construction and the 1991 Uniform Plumbing Code for remodels and repairs.

Building Permit Fees are paid to build, erect, construct, enlarge, or alter buildings or structures as required per the Uniform Building Code, Section 301.Building permit fees are based on the valuation of the project. Plan review fees are paid for the review of non-residential plans and specifications forcompliance with the applicable code per Chapter 7 of the Code of Ordinances. Plan review fees are based on the valuation of the project. Investigationfees are charged to the permit applicant for beginning construction of a project prior to obtaining a building permit per the Uniform Building Code,Section 304 e.


Codes Inspection Fees were reclassified mid-year FY 2005-06 to include bothInspection Fees and Building Permit Fees. Inspection fees are budgeted flat for FY2006-07 projections. The FY 2007-08 Budget reflects no increase.

Account Code:

469.000

Financial Trend

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

$800,000

$900,000

$1,000,000

$1,100,000

$1,200,000

2006 2007 2007 2008


Documents

Revenue Projections - Lee's Summit, Missouricolscf.cityofls.net/content/budget/Revenue Projections.pdfREVENUE PROJECTIONS The Major revenue sources for the City are sales taxes (net