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The Iris CityGriffin... Great and Growing
Where an old town charm
and a big city convenience
combine altogether, it makes
the perfect place to live,
work and raise a family.
Take a few moments to seeall that Griffin has to offer:
Relaxed Lifestyle
Superior Schools & Recreational FacilitiesGrowing Industry and Commerce
Markus Schwab, CPA.CITP
100 South Hill Street Chief Financial Officer
Griffin, Georgia 30223 Chuck Olmsted
Phone: 770.229.6401 Fax: 678.692.0402 Accounting Manager
As of October 31, 2011
Revenue Status Report
General Fund
(Unaudited - Internal Use Only)
CITY OF GRIFFIN DEPARTMENT OF
ADMINISTRATIVE SERVICES - FINANCE
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I. Current Economics 3
II. Unemployment Numbers 7
III. General Fund Revenue Sources 8
IV. Revenues by Category 9
V. Revenues 10
Taxes 10
Property Taxes 11, 12
Licenses and Permits 13
Intergovernmental 14
Charges for Services 15
Fines and Forfeitures 16Other Revenues 17, 18
As of October 31, 2011
Table of Contents
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Revenue Status Report - General Fund
CITY OF GRIFFIN
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THE WALL STREET JOURNAL
THE WALL STREET JOURNAL
Economists and others weigh in onthe downward revision to third-quarter gross domestic product.
The weakness comes primarily from the stronger decline in inventories The key here is that although the headline is weaker and
many of the components are shaded off, the decline in inventories shows in our opinion that firms are using their heads and planning
ahead. The run down in inventories now means there is less chance of a steep inventory cut back later and also means if (in the unlikely
scenario) there is an upside surprise the pick up will be exaggerated. David Semmens, Standard Chartered Bank
The downward revision to inventories was not nearly as much as some had anticipated. Along with a meaningful drop in private
investment residential construction was revised meaningfully lower while virtually every other major component was revised down as
well the GDP report was lessgood than we thought it might have been. Dan Greenhaus, BTIG LLC
The downward revision to inventories has positive (albeit temporary) implications for future growth, since leaner inventory stocks
point to the need for more production growth. IHS Global Insight now expects fourth quarter growth to be in the 2.5% to 3.0% range.
However, growth is likely to grind down again in the first half of 2012 to less than 2%. Bottom line: despite the downward revision to
third quarter GDP, the recent U.S. data seem to indicate that the glass is still half full. Nariman Behravesh, IHS Global Insight
We continue to believe that the medium-term trend of real GDP growth will be modest at best as the economy continues to struggle
with the aftermath of the credit/asset price bubble. That economic growth has been as soft as currently reported in spite of
unprecedented monetary and fiscal stimulus speaks volumes about the severity of the post-bubble adjustment process. Indeed, it would
be wise to remember that in 2011 the economy has benefited from a 2 percentage point cut in the payroll tax, a large boost in tax
incentives for business to invest in capital equipment, and countless efforts by the Federal Reserve and the federal government to boost
growth. In large part due to all of this policy stimulus Joshua Shapiro, MFR Inc.
The failure of the Super Committee suggests that an extension of the payroll tax cut and unemployment benefits are going to be
more difficult to get through Congress. This would mean that in 2012 the underpinnings of the US economic recovery managing only 2%
real growth and built on the real goods sector selling more stuff overseas will include less Federal stimulus and contractionary policies in
Europe. This adds up to another year of minimal growth with no real progress towards reducing long-term unemployment. Steven Blitz,
ITG Investment Research
I. Current EconomicsPosted Tuesday, November 22, 2011
By Phil Izzo | ECONOMICS
Unemployment Rates Drop in Most States
Economists React: What do GPD Revisions Mean for Future?
Unemployment rates dropped in almost three quarters of the U.S. states last month, the Labor Department reported, as a slow
improvement in the jobs picture spreads across the country.
Thirty-six states and Washington, D.C. posted declines in their unemployment rates in October. Nine had no change and five showed
increases. Nationally, the unemployment rate declined to 9% from 9.1% last month. Fifteen states and Washington have rates higher
than the national rate.
Nevada still far and away has the highest unemployment rate at 13.4%, followed by California at 11.7% and Washington, D.C. at 11%.
With a 3.5% jobless rate North Dakota has the lowest in the U.S.
Compared to September 12 states registered statistically significant unemployment rate drops. The largest of these were in Alabama,
Michigan, and Minnesota (down 0.5 percentage point each), followed by South Carolina and Utah (down 0.4 point each).
Posted Tuesday, November 22, 2011
By Phil Izzo | ECONOMICS
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October 19, 2011
Federal Reserve Districts
Sixth District--Atlanta
This mornings GDP data are much worse than the headlines suggest. The more reliable GDI [gross domestic income] rose only 0.4% in
the third quarter after 0.2% in the second Worse: second-quarter estimate of GDI revised down from 1.3% to 0.2% In case you are
feeling optimistic, remember: The optimistic GDP data tend to be revised toward the pessimistic GDI data. Not the reverse. Justin
Wolfers, The Wharton School
The revision tweaks the third quarter profile, but does nothing to alter the stronger momentum going into the fourth quarter. That is
all that matters. GDP in fourth quarter is still set to be 3.0% or higher, and in some ways the downward revisions providers a marginally
better set-up for fourth quarter given the mix of revisions. Eric Green, TD Securities
The benchmark data on payrolls for the second quarter were incorporated into the personal income figures, yielding a sizable
downward revision to wage and salary income (roughly $40 billion). I find this troubling, as we had already seen a disturbing slide in the
savings rate in the third quarter. For the record, real disposable income has now fallen in both the second and third quarter. This makes
the resilience in consumer outlays in the summer all the more puzzling (and impressive). Thankfully, a modest uptick in job growth
coupled with some relief in energy prices should result in an improved situation for households in the fourth quarter (and presumably a
rebound in the savings rate). In any case, the labor income situation bears close watching, as spending is holding up well for the moment
but will have little staying power if real disposable income fails to post commensurate gains. Stephen Stanley, Pierpoint Securities
[The downward revision to personal income growth] provides a very weak backdrop for the household sector and will likely bringuncertainty concerning the extension of the payroll tax cut and extended unemployment benefits into sharper focus for policymakers.
Peter Newland, Barclays Capital
Corporate profits continue to grow at a solid pace as margins expand further (particularly for nonfinancial domestic companies). We
are suspicious of the income estimate of GDP, which grew by only 0.2% in the third quarter, because of the sharp slowing in wage and
salary incomes (in turn this suspicion casts doubt on the extent of the decline in the savings rate in the third quarter). RDQ Economics
Dig into an interactive summary of economists forecasts for the coming year from the latest WSJ.com survey.
Business contacts in the Sixth District indicated that economic activity continued to expand at a modest pace in September
and early October. Merchants noted that retail sales decelerated slightly compared with the previous month, although auto
sales continued to advance at a solid pace. Tourism activity remained robust throughout most of the District. Homebuildersand Real Estate brokers reported that new and existing home sales remained weak and home prices continued to decline.
Commercial developers indicated that construction activity increased moderately compared with weak year-ago levels, and
brokers noted an increase in relocation activity. Manufacturers reported a modest decline in production and new orders.
Weakness in loan demand persisted, according to banking contacts as both consumers and businesses refrained from
borrowing. Hiring for permanent positions remained very subdued across most sectors. Pricing pressures moderated
somewhat as input costs declined or leveled off.
Consumer Spending and Tourism
District retailers reported that sales decelerated slightly in September compared with the August results. Reports were mixed
among contacts with half noting that sales were below plan and the remainder was evenly split between those reporting
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sales at or above expectations. On a year-over-over basis, sales were generally higher although traffic was lower. Most
contacts anticipated that holiday sales would be similar to 2010 results. Auto dealers reported that sales continued to
increase.
Many retail contacts planned to raise prices, expecting to retract the increases if customers pushed back. Merchants
continued to aggressively discount products to draw in traffic and have found it difficult to end such practices because ofconcern over losing customers.
Leisure and business travel remained strong in the District. Occupancy rates continued to improve, and both airport and
cruise traffic were up. International visitors bolstered activity, mainly in Florida. Group bookings and theme park attendance
were up in most areas. Overall, hospitality contacts expect a vibrant holiday season.
Real Estate and Construction
Residential brokers indicated that sales softened somewhat in September compared with the previous month and were flat to
slightly up compared with very weak levels from last year. Florida brokers reported that home sales growth slowed. Outside
of Florida, Southeast brokers noted a modest pickup in sales growth. Cash purchases by investors, second home buyers,
international buyers, and retirees accounted for much of the sales activity across most of the Southeast, according to
contacts. Existing home prices remained below year earlier levels. District brokers anticipate only modest sales growth over
the next several months.
Reports from District builders indicated that new home sales and construction activity were largely unchanged in September
and were slightly ahead of weak levels from a year ago. Home builders continued to report that new home prices were
largely flat compared with the previous month and a year ago. Overall, construction and new home sales growth are
expected to be similar to weak year-ago levels over the next several months.
Half of District commercial contractors polled reported that construction activity in September exceeded the first half of the
year, while just under one-third signaled that activity was weaker. Backlogs reportedly increased modestly as well. The
outlook among contractors remained weak as most anticipated commercial development to be flat or down on a year-over-
year basis for the remainder of 2011 and into 2012. Commercial brokers remarked that market dynamics continued to largely
favor tenants in the District, particularly in the retail sector. However, some reports indicated that available office space had
declined, and with little new office development underway, this could result in an increase in rental rates. An opposing view
shared by some contacts was that smaller blocks of office space remained abundant on a sub-lease basis from tenants that
have downsized, but are still paying for unused space. Corporate expansion and relocation interest has picked up in somemarkets, which could have a positive impact on inventory and construction.
Manufacturing and Transportation
Overall, manufacturers indicated a modest decline in new orders and production levels in September. In addition, fewer
contacts noted plans to raise production in the near term. Energy exploration and extraction firms cited investing more in
capital goods, which is expected to help equipment producers and suppliers. Auto manufacturers reported that the impact
from the disaster in Japan had waned and that production is back to normal. Firms stated that they were increasing
investment in technology-based equipment as a means to increase efficiency.
Contacts reported that volumes of shipments were above last year's levels, and that chemical and agricultural goods
shipments, in particular, were strong. Rail contacts noted that shipments of energy and food-related products were driving
increases in activity.
Banking and FinanceBanking contacts indicated continued weak loan demand. Loan growth remains a concern for banks in the Sixth District.
Lending levels continued to fall as new opportunities remained highly elusive and very competitive. Deposits increased as
people and businesses added to their savings. The majority of large firms continued to have ready access to cash and lines
of credit, while some small firms and many new firms that sought credit continued to experience difficulty. There were reports
of non-bank entities, like private equity firms and groups of wealthy individuals, becoming increasingly interested in small
business lending.
Employment and Prices
Employers continued to manage their labor supply very tightly. Most contacts indicated that the outlook for hiring remained
restrained by modest expectations regarding future sales. Several reports suggested that permanent employees were
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primarily being used to maintain a firm's core business, while specific projects were being assigned to contractors and
temporary hires. Firms continued to seek efficiency gains through investment in technology and other cost-saving
applications. Hiring contacts highlighted having difficulties finding qualified candidates for specialized positions, in some
cases, because of a lack of geographic mobility for potential hires. For lower wage positions, agencies reported numerous
employment opportunities; however, the positions were contingent on passing skills tests and/or background checks, which
many applicants failed.
On balance, contacts reported that input prices had receded or leveled off from earlier this year. Retailers continued to
heavily discount products. Businesses mentioned pursuing various cost-cutting measures in order to support positive
margins. Manufacturers noted general success passing on earlier increases in commodity prices. Any plans to increase
wages were generally limited to employees with a high degree of technical skills.
Natural Resources and Agriculture
District oil and gas production declined in early September as energy producers reduced offshore operations and vacated
staff in the path of Tropical Storm Lee in the Gulf of Mexico. Industry contacts indicated that plans to invest in increased
production capacity were proceeding. In particular, contacts reported that new drilling technology had reduced costs and
increased extraction capabilities for both oil and gas.
Drought conditions persisted in much of Georgia and parts of Alabama. High livestock feed costs were pressuring poultry
producers but were being successfully passed on by cattle producers. Corn prices remained elevated and cotton prices paid
to farmers increased modestly since the last report, although cotton futures prices have declined somewhat further in recent
weeks. Agriculture contacts continued to report concerns over labor shortages and production issues that they tied to
recently passed immigration laws in some states.
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Georgia Labor Force Employment
Un-
employment
Un-
employment
Rate
# Change in
Un-
employment
% Change in
Un-
employment
Sep-2008 4,819,886 4,489,013 330,873 6.90
Sep-2009 4,740,912 4,253,865 487,047 10.30 156,174 47.20%
Sep-2010 4,680,786 4,201,082 479,704 10.20 (7,343) -1.51%Sep-2011 4,732,219 4,244,748 487,471 10.30 7,767 1.62%
Spalding County Labor Force Employment
Sep-2008 28,519 25,932 2,587 9.10
Sep-2009 28,768 24,393 4,375 15.20 1,788 69.11%
Sep-2010 27,874 24,170 3,704 13.30 (671) -15.34%
Sep-2011 28,271 24,424 3,847 13.60 143 3.86%
Griffin Labor Force Employment
Jun-2008 9,704 8,688 1,016 10.50
Jun-2009 10,037 8,119 1,918 19.10 902 88.78%
Jun-2010 9,313 8,006 1,307 14.00 (611) -31.86%
Jun-2011 9,436 7,957 1,479 15.70 172 13.16%
Georgia Spalding County
Georgia Spalding County
Data comes from the U.S. Department of Labor, Bureau of Labor Statistics
% Change in
Un-
employment
Latest Unemployment Figures
# Change in
Un-
employment
Un-
employment
Rate
Un-
employment
Rate
# C ange n
Un-
employment
Un-
employment
II. Unemployment Numbers
Un-
employment
% C ange n
Un-
employment
Georgia, 4.70
10.30 10.20 Georgia, 10.30Spalding, 5.90
15.20 13.30 Spalding, 12.50Griffin, 7.10
19.10
14.00Griffin, 15.70Griffin, July 2009, 19.6
0.00
7.00
14.00
21.00
Sep-2008 Sep-2009 Sep-2010 Sep-2011
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Taxes
Inter overnmental
Licenses and Permits
Charges for Services
Miscellaneous Revenues
Taxes account for approximately 61 percent of the City's general operating revenue
coming from property taxes, local option sales taxes, insurance premium taxes,
alcohol taxes, business occupation taxes, and motor vehicle taxes, etc Property
taxes alone represent approximately 24 percent of general fund revenue followed by
local option sales tax of approximately 19 percent of general fund revenue.
Investment Income This category represents interest and dividend earnings from investments.
Fines and Forfeitures Near 7 percent of total general fund revenue, traffic fines make up 66 percent of this
category or $762000 with the balance (34 percent or $393000,) from traffic cameras
(running red lights), parking tickets, seatbelt fines, and ordinance fines.
Service fees include business occupation tax administration fees, police service
charges for copies, documents, etc., plan review and zoning document fees, andpavilion rentals. This category also includes a large portion ($4.4M) in administrative
cost allocations coming from enterprise and internal services funds.
The City's general fund revenue sources include (by category) Taxes, Intergovernmental, Fines and Forfeitures, Licenses and
Permits, Charges for Services, Rents and Royalties, etc These types of revenue sources, such as taxes, are subject to
economic ebbs and flows, are directly and indirectly connected through changes in the unemployment figures.
Rents and Royalties
This category includes insurance settlements, claims, recoveries, and miscellaneousreimbursements.
These are revenues from leased office and parking lot spaces.
This category accounts for revenue sources (predominantly grants) from other
governmental agencies.
Licenses and permit make up less than 2 percent of the general fund revenue source.
Licenses make up approximately 72 percent or $194000 of this category. The balance
of 28 percent or $74700 comes from permits and 0 percent or $0 from regulatory
fees and interest from delinquent payments.
Cost allocations, depending on their nature, can be non-cash book entries in order to
comply with Generally Accepted Accounting Principles (GAAP). Allocations are
designed to shift and allocate costs to the business units in order to show the true
operating costs.)
III. General Fund Revenue Sources
How do employment economics relate to the City of Griffin and its revenue sources?
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Budget
Rolling
Twelve
Month Actual Projected
Projected
Over
(Under)
Budget % Variance % W eighted
Total Revenues 17,075,970$ 25,280,720$ 17,387,080$ 311,110$ 1.82% 100.00%
2 194 202
By Category
Operating Revenue
Taxes 10,426,000 11,058,640 10,480,240 54,240 0.52% 17.43%
Licenses and Permits 268,700 332,200 366,700 98,000 36.47% 31.50%
Charges for Services 4,654,420 4,831,500 4,728,600 74,180 1.59% 23.84%
Fines and Forfeitures 1,155,000 971,800 1,130,600 (24,400) -2.11% 7.84%
Rents and Royalties 177,780 201,930 211,800 34,020 19.14% 10.94%
Total Operating Revenue 16,681,900 17,396,070 16,917,940 236,040 1.41% 75.87%
Non-operating Income
Intergovernmental 207,800 230,800 216,700 8,900 4.28% 2.86%
Interest/Investment Income 10,500 12,400 16,800 6,300 60.00% 2.03%
Contributions and Donations 0 790 340 340 100.00% 0.11%
Gain (Loss) on Sale of Capital Assets 80,770 (1,720) 92,000 11,230 13.90% 3.61%
Total Non-operating Income 299,070 242,270 325,840 26,770 8.95% 8.60%
Transfers in from Other Funds 95,000 7,642,380 143,300 48,300 50.84% 15.53%
Total Revenues 17,075,970$ 25,280,720$ 17,387,080$ 311,110$ 1.82% 100.00%
0 0 0
Adjustments:
Gain (Loss) on Sale of Capital Assets: 80,770$ (1,720)$ 92,000$ 11,230$
***No adjustments as of the report date.*** 0
Gain (Loss) on Sale of Capital Assets
after Adjustments: 80,770 (1,720) 92,000 11,230
Total Adjustments: 0 0 0 0
Total Revenues after Adjustments 17,075,970$ 25,280,720$ 17,387,080$ 311,110$ 1.82%
ANALYSIS:
IV. Revenues by Category
As of October 31, 2011 the revenue forecast model projects Local Option Sales Tax (LOST) revenues at $3.4 million (up
$140 thousand dollars or 4.2 percent of Budget).
Total General Fund Revenues
General Fund
Total General Fund Revenues as of the date of this report are forecast at $17.4 million after adjustments (up $311thousand or 1.82 percent of Budget).
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Budget
Rolling
Twelve
Month Actual Projected
Projected
Over
(Under)
Budget % Variance
% Weighted
on Category
Total Tax Revenues 10,426,000$ 11,058,640$ 10,480,240$ 54,240$ 0.52% 100.00%
By Category
Property Taxes
Real Property Tax 3,800,000 4,174,600 3,712,500 (87,500) -2.30% 161.32%
Public Utility Tax 45,000 300 38,000 (7,000) -15.56% 12.91%
Motor Vehicle Tax 275,000 283,770 282,840 7,840 2.85% 14.45%
Intangible Tax 14,000 14,600 15,600 1,600 11.43% 2.95%
Railroad Equipment Tax 4,000 4,900 4,700 700 17.50% 1.29%
Real Estate Transfer Tax 6,000 5,200 5,100 (900) -15.00% 1.66%
Timber Tax 0 0 0 0Real Property Tax - Prior Year 0 215,810 0 0
Heavy Equipment Tax 0 0 0 0Property not on Tax Digest 0 3,000 0 0
Sub-total Property Taxes 4,144,000 4,702,180 4,058,740 (85,260) -2.06% 157.19%
Franchise Taxes
Franchise Fees - Electric 75,000 56,460 72,600 (2,400) -3.20% 4.42%
Franchise Fees - Natural Gas 160,000 160,600 160,600 600 0.38% 1.11%
Franchise Fees - Cable Television 230,000 165,300 222,900 (7,100) -3.09% 13.09%
Franchise Fees - Telephone 141,000 123,000 134,500 (6,500) -4.61% 11.98%
Sub-total Franchise Fee Taxes 606,000 505,360 590,600 (15,400) -2.54% 28.39%
Food and Beverage Taxes
Wine Tax 0 0 0 0
Beer Excise Tax 500,000 577,100 527,200 27,200 5.44% 50.15%Liquor Excise Tax 71,000 46,800 71,500 500 0.70% 0.92%
Sub-total Beer, Wine, Liquor & Mixed
Drink Tax 571,000 623,900 598,700 27,700 4.85% 51.07%
Payment in Lieu of Taxes 5,000 0 4,000 (1,000) -20.00% 1.84%
Local Option Sales Tax (LOST) 3,300,000 3,426,000 3,440,000 140,000 4.24% 258.11%
Hotel Motel Tax 0 0 0 0
Business Occupation Tax 400,000 405,600 400,500 500 0.13% 0.92%
Insurance Premium Tax 1,300,000 1,263,000 1,267,000 (33,000) -2.54% 60.84%
Financial Institution Tax 80,000 84,100 75,600 (4,400) -5.50% 8.11%
Penalty and Interest on Delinquent
Taxes 20,000 47,500 44,300 24,300 121.50% 44.80%Penalty and Interest on Delinquent
Business Licenses and Permits 0 1,000 800 800 100.00% 1.47%
Homeowner's Tax Relief Grant 0 0 0 0
Total Tax Revenues 10,426,000$ 11,058,640$ 10,480,240$ 54,240$ 0.52% 100.00%
Cable fees average $50k to $51k per quarter.
Tax Revenues
General Fund
V. Revenues
Phone fees average $36k to $38k per quarter.
Notes: - Franchise Fees are paid in quarterly installments
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Taxes:
Property Taxes
In Summary
Homeowners Tax Relief Grant (HTRG)
Sales Tax Distribution
Sales Tax Distribution
Jurisdiction Tax Type
For the
Month
Last
Twelve
Months
Current
Fiscal Year
--Tom Willman,
financial advisory principal at Hackett Group, as qoute by CFO.com
IT builds the tools and architecture, but it can't tell the business how the data should look.
The business must own the data.
Spalding - CITY OF GRIFFIN (LOST)
Fiscal year 2009 was the last year for the Homeowners Tax Relief Grant program.
Spalding - SPALDING COUNTY BOARD OF COMMISSIONERS (LOST)
$ 8,523,751
LOST
2. Maintenance and operations (M&O) exemptions decreased to $37M (up $2.1M from $34.9M in the prior year).
$ 740,499
1. The 2011 property tax gross digest decreased to just under $580.1M (down $-15.7M from $595.7M in the prior year).
$ 8,603,543Spalding - SPALDING COUNTY - GRIFFIN BOARD OF EDUCATION (ELOST)
Spalding - SPALDING COUNTY BOARD OF COMMISSIONERS (SPLOST) SPLOST
Below is a chart of sales tax distributions for the City of Griffin, Spalding County and Griffin Board of Education. The chart shows
distributions for the month, total distributions for the last twelve consecutive months, and year to date for the current fiscal year. Data
comes from the Georgia Department of Revenue.
$ 2,936,472
$ 5,103,463
$ 296,196 $ 3,420,413
ELOST
$ 1,174,556
$ 740,190
Amount of Distribution
The net levy decreased to $4689990 (down $153060 from $4843050 in the prior year).
3. Changes in the gross digest and M&O exemptions reduced the net M&O digest to $543.1M (down $-17.7M from $560.8M in the prior
year).
LOST
$ 2,935,241
As of October 31, 2011 the revenue forecast model projects Local Option Sales Tax (LOST) revenues at $3.4 million (up $140 thousand
dollars or 4.2 percent of Budget).
$ 1,761,831
Sales Tax Distribution As of October 31, 2011
$ 444,294
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2008 2009 2010 2011
2012
(Projected)
Property Tax Revenue 4,798,148$ 4,682,938$ 4,798,935$ 4,662,904$ 4,058,740$
(percentage change over prior years) -2.40% 2.48% -2.83% -12.96%
Penalty and Interest on Delinquent Taxes 20,808$ 28,953$ 43,489$ 29,000$ 44,300$
(percentage change over prior years) 39.14% 50.21% -33.32% 52.76%
2007 2008 2009 2010 2011
Real & Personal $593,772,680 $595,986,256 $570,215,369 $564,247,211 $545,778,551
Motor Vehicle 35,377,370 35,403,020 36,624,500 31,458,590 34,277,550
Mobile Homes 10,494
Public Utility
Timber 14,575 45,000 5,220
Heavy Duty Equipment 28,760 6,017
Gross Digest 629,160,544 631,432,611 606,890,886 595,711,021 580,056,101
(dollar change over prior years) 2,272,067 (24,541,725) (11,179,865) (15,654,920)
(percentage change over prior years) 0.36% -3.89% -1.84% -2.63%
Less:Maintenance and Operations
(M&O) Exemptions: 45,219,895 50,826,550 40,876,237 34,913,558 36,982,207
(dollar change over prior years) 5,606,655 (9,950,313) (5,962,679) 2,068,649
(percentage change over prior years) 12.40% -19.58% -14.59% 5.93%
NET: M&O Digest 583,940,649 580,606,061 566,014,649 560,797,463 543,073,894
(dollar change over prior years) (3,334,588) (14,591,412) (5,217,186) (17,723,569)
(percentage change over prior years) -0.57% -2.51% -0.92% -3.16%
Millage (rate per thousand dollars) 8.600 8.638 8.636 8.636 8.636Net Levy $5,021,890 $5,015,280 $4,888,100 $4,843,050 $4,689,990
(dollar change over prior years) (6,610) (127,180) (45,050) (153,060)
(percentage change over prior years) -0.13% -2.54% -0.92% -3.16%
(1) Property taxes as presented in the Comprehensive Annual Financial Report Statement of Revenues, Expenditures and Changes in Fund
Balances Governmental Funds. Includes Real Property Tax, Public Utility Tax, Timber Tax, Real Property Tax - Prior Year, Motor Vehicle
Tax, Railroad Equipment Tax, Intangible Tax, Heavy Equipment Tax, Property-Not-on-Digest, Real estate Transfer Tax, Homeowner's Tax
Relief Grant (HTRG).
Tax Digest and 5 Year History
General Fund
Property Taxes(1)
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Revenue Status Report - General Fund
CITY OF GRIFFIN
Budget
Rolling
Twelve
Month Actual Projected
Projected
Over
(Under)
Budget % Variance
% Weighted
on Category
Total Licenses and Permits Revenues 268,700$ 332,200$ 366,700$ 98,000$ 36.47% 100.00%
By Category
Licenses
Beer License 40,000 38,300 38,900 (1,100) -2.75% 1.12%
Wine License 40,000 36,700 37,600 (2,400) -6.00% 2.45%Liquor License 114,000 113,200 119,200 5,200 4.56% 5.31%
Sub-total Licenses 194,000 188,200 195,700 1,700 0.88% 1.73%
Permits
House Moving Permits 0 0 0 0
Burn Permits 0 0 100 100 100.00% 0.10%
Zoning & Land Use Permits 7,000 6,300 8,900 1,900 27.14% 1.94%
Sign Permits 15,000 19,400 15,100 100 0.67% 0.10%
Catering Permits 400 600 700 300 75.00% 0.31%
Building Permits 38,000 48,300 59,200 21,200 55.79% 21.63%
Plumbing Permits 5,000 7,200 10,500 5,500 110.00% 5.61%
Electrical Permits 6,000 10,100 14,100 8,100 135.00% 8.27%
Gas Permits 200 500 1,300 1,100 550.00% 1.12%Mechanical Permits 3,100 5,300 7,700 4,600 148.39% 4.69%
Sub-total Licenses and Permits 74,700 97,700 117,600 42,900 57.43% 43.78%
Insurance Regulatory Fees 0 46,300 53,300 53,300 100.00% 54.39%Interest on Business Licenses 0 0 100 100 100.00% 0.10%
Sub-total Licenses and Permits 0 46,300 53,400 53,400 100.00% 54.49%
Total Licenses and Permits Revenues 268,700$ 332,200$ 366,700$ 98,000$ 36.47% 100.00%
2008 2009 2010 2011
2012
(Projected)
Licenses and Permits Revenue 396,528$ 300,540$ 284,588$ 285,302$ 313,300$
(percentage change over prior years) -24.21% -5.31% 0.25% 9.81%
Licenses 176,475$ 208,271$ 185,438$ 192,000$ 195,700$
(percentage change over prior years) 18.02% -10.96% 3.54% 1.93%
Permits 220,053$ 92,269$ 99,150$ 93,302$ 117,600$
(percentage change over prior years) -58.07% 7.46% -5.90% 26.04%
Licenses and Permits
General Fund
General Fund
Licenses and Permits
$396,528
$300,540$284,588 $285,302
$313,300
2008 2009 2010 2011 2012 (Projected)Licenses and Permits Revenue
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(Unaudited - Internal Use Only)
Revenue Status Report - General Fund
CITY OF GRIFFIN
Budget
Rolling
Twelve
Month Actual Projected
Projected
Over
(Under)
Budget % Variance
% Weighted
on Category
Total Intergovernmental Revenues 207,800$ 230,800$ 216,700$ 8,900$ 4.28% 100.00%
By Category
DNR Funding 0 42,700 0 0
Federal DEA Overtime
Reimbursement 20,000 24,000 21,100 1,100 5.50% 12.36%
City of Atlanta HIDTA 7,000 1,400 7,000 0 0.00%
GMA Mutual Aid Reimbursements 0 0 0 0
School Resource Officers 127,800 125,400 136,800 9,000 7.04% 101.12%
Prism Training Revenue 16,000 7,200 9,800 (6,200) -38.75% 69.66%
Spalding County Board of Education 0 0 0 0
Reimbursement Spalding County 0 11,500 0 00
Grants 0
LCI Grant ARC 0 0 0 0
LLEBG - Vest Grant 15,000 2,600 15,000 0 0.00%
Byrne Grant 22,000 0 22,000 0 0.00%
GMA Safety Grant 0 0 5,000 5,000 100.00% 56.18%FEMA Grants 0 16,000 0 0
Sub-total Grants 37,000 18,600 42,000 5,000 13.51% 56.18%
Total Intergovernmental Revenues 207,800$ 230,800$ 216,700$ 8,900$ 4.28% 100.00%
2008 2009 2010 2011
2012
(Projected)
Total Intergovernmental Revenue 397,385$ 406,382$ 678,255$ 275,160$ 216,700$
(percentage change over prior years) 2.26% 66.90% -59.43% -21.25%
Intergovernmental Reimbursements 338,271$ 383,429$ 394,755$ 207,160$ 174,700$
(percentage change over prior years) 13.35% 2.95% -47.52% -15.67%
Grants 59,114$ 22,953$ 283,500$ 68,000$ 42,000$
(percentage change over prior years) -61.17% 1135.13% -76.01% -38.24%
Intergovernmental
General Fund
Intergovernmental Revenues
General Fund
$397,385 $406,382
$678,255
$275,160$216,700
$200,000
$400,000
$600,000
$800,000
2008 2009 2010 2011 2012 (Projected)
Total Intergovernmental Revenue
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As of October 31, 2011
(Unaudited - Internal Use Only)
Revenue Status Report - General Fund
CITY OF GRIFFIN
Budget
Rolling
Twelve
Month Actual Projected
Projected
Over
(Under)
Budget % Variance
% Weighted
on Category
Total Charges for Services Revenues 4,654,420$ 4,831,500$ 4,728,600$ 74,180$ 1.59% 100.00%
By Category
Indirect Cost Allocations 4,437,870 4,546,900 4,437,900 30 0.00% 0.04%
IT Equipment Cost Allocation 0 47,700 8,000 8,000 100.00% 10.78%
Returned Check Fees 0 100 8,500 8,500 100.00% 11.46%
Election Qualifying Fees 1,600 2,800 2,800 1,200 75.00% 1.62%
Business Occupation Tax
Administration Fee 30,000 27,300 38,000 8,000 26.67% 10.78%
Business List Reports 0 900 1,000 1,000 100.00% 1.35%
Data Processing Fees 36,000 16,300 27,600 (8,400) -23.33% 11.32%
Credit Card Fees 0 3,600 3,500 3,500 100.00% 4.72%Fire Inspections 0 200 200 200 100.00% 0.27%
Cemetery Fees 130,000 156,400 164,400 34,400 26.46% 46.37%
Pool Service Fees 4,650 1,600 2,100 (2,550) -54.84% 3.44%
Sale of Recycled Materials 0 0 0 0
Pavilion Rental 7,000 13,100 14,300 7,300 104.29% 9.84%
Plan Review Fees 4,000 10,900 11,300 7,300 182.50% 9.84%
Demolition Recovery Fees 3,000 3,000 6,400 3,400 113.33% 4.58%
Customer Service Fee 0 0 0 0Zoning Application Fees 300 700 2,600 2,300 766.67% 3.10%
Total Charges for Services Revenues 4,654,420$ 4,831,500$ 4,728,600$ 74,180$ 1.59% 100.00%
2008 2009 2010 2011
2012
(Projected)
Charges for Services Revenue 5,174,480$ 5,043,464$ 4,454,639$ 4,913,673$ 4,728,600$
(percentage change over prior years) -2.53% -11.68% 10.30% -3.77%
Indirect Cost Allocations 4,916,713$ 4,743,332$ 4,178,087$ 4,673,000$ 4,445,900$
(percentage change over prior years) -3.53% -11.92% 11.85% -4.86%
Charges for Services 257,767$ 300,132$ 276,552$ 240,673$ 282,700$
(percentage change over prior years) 16.44% -7.86% -12.97% 17.46%
General Fund
General Fund
Charges for Services
Charges for Services
$5,174,480$5,043,464
$4,454,639
$4,913,673$4,728,600
2008 2009 2010 2011 2012 (Projected)
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As of October 31, 2011
(Unaudited - Internal Use Only)
Revenue Status Report - General Fund
CITY OF GRIFFIN
Budget
Rolling
Twelve
Month Actual Projected
Projected
Over
(Under)
Budget % Variance
% Weighted
on Category
Total Fines and Forfeitures Revenue 1,155,000$ 971,800$ 1,130,600$ (24,400)$ -2.11% 100.00%
By Category
Police Revenue 19,000 17,200 18,200 (800) -4.21% 3.28%
Traffic Fines 762,000 616,200 711,400 (50,600) -6.64% 207.38%
Camera Traffic Light Fines 350,000 319,300 383,800 33,800 9.66% 138.52%
Parking Tickets 0 100 0 0
Seat Belt Fines 0 8,600 500 500 100.00% 2.05%
Ordinance Fines 24,000 10,400 16,700 (7,300) -30.42% 29.92%
Total Fines and Forfeitures Revenue* 1,155,000$ 971,800$ 1,130,600$ (24,400)$ -2.11% 100.00%
*** Seat Belt Fines --- beginning July 1, 2011 seat belt fines are combined with traffic fines.
General Fund
Fines and Forfeitures
$863,445
$758,948
$644,537
$728,000$711,400
$176,631
$403,596
$391,308
$327,000
$383,800
30-Jun-08 30-Jun-09 30-Jun-10 30-Jun-11 30-Jun-12
Traffic Fines Camera Traffic Light Fines
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As of October 31, 2011
(Unaudited - Internal Use Only)
Revenue Status Report - General Fund
CITY OF GRIFFIN
Budget
Rolling
Twelve
Month Actual Projected
Projected
Over
(Under)
Budget % Variance
% Weighted
on Category
Other Revenues
Investment Income 10,500$ 12,400$ 16,800$ 6,300$ 60.00% 6.29%
Rents, Royalties and Other
Rents 174,780 169,090 211,200 36,420 20.84% 36.35%
Insurance Claims 3,000 1,460 500 (2,500) -83.33% 2.50%
Miscellaneous Revenue 0 31,380 100 100 100.00% 0.10%Contributions and Donations 0 790 340 340 100.00% 0.34%
Sub-total Rents, Royalties and Other 177,780 202,720 212,140 34,360 19.33% 34.29%
Proceeds and Other FinancingSources
Proceeds of GMA Leases 80,770 0 80,800 30 0.04% 0.03%Proceeds of Sales of Fixed Assets 0 (1,720) 11,200 11,200 100.00% 11.18%
Sub-total Proceeds and Other
Financing Sources 80,770 (1,720) 92,000 11,230 13.90% 11.21%
Transfers:
Transfer from Hotel Motel Tax Fund 18,000 24,190 28,600 10,600 58.89% 10.58%
Transfer from Police Technology Fund 51,000 65,510 68,000 17,000 33.33% 16.97%
Transfer from Court Technology Fund 26,000 34,620 34,700 8,700 33.46% 8.68%Trans er rom Water Wastewater 3,531,260
Transfer from Electric Fund 3,630,320
Transfer from Welcome Center Fund (2,000) 6,000 6,000 100.00% 5.99%
Transfer from Solid Waste Fund
Transfer from Airport Fund
Transfer from Storm Water Fund 379,940
Transfer from Golf Course
Transfer from Motor Pool
Transfer from GBTA (21,460) 6,000 6,000 100.00% 5.99%
Sub-total Transfers from Other Funds 95,000 7,642,380 143,300 48,300 50.84% 48.21%
Total Other Revenues 364,050$ 7,855,780$ 464,240$ 100,190$ 27.52% 100.00%
Other Revenues
General Fund
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Revenue Status Report - General Fund
CITY OF GRIFFIN
2008 2009 2010 2011
2012
(Projected)
Interest Income 71,454$ 15,966$ 6,847$ 8,829$ 16,800$
(percentage change over prior years) -77.66% -57.12% 28.95% 90.28%
Rental Income 215,418$ 191,521$ 195,969$ 196,689$ 211,200$
(percentage change over prior years) -11.09% 2.32% 0.37% 7.38%
Donations and Contributions 12,296$ 883$ 0 454$ 340$
(percentage change over prior years) -92.82% -100.00% 0.00% -25.11%
Other Revenues 90,462$ 14,884$ 28,680$ 4,957$ 92,600$
(percentage change over prior years) -83.55% 92.69% -82.72% 1768.07%
--Anton Chekhov,Russian author and playwright
Any idiot can face a crisis - - it's the day-to-day living that wears you out."
Other Revenues
General Fund
$71,454
$15,966
$6,847 $8,829$16,800
$12,296
$883 0 $454 $3400
$25,000
$50,000
$75,000
$100,000
2008 2009 2010 2011 2012 (Projected)
Interest Income Donations and Contributions
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As of October 31, 2011
(Unaudited - Internal Use Only)
Revenue Status Report - General Fund
CITY OF GRIFFIN
Griffin, Georgia 30223
100 South Hill Street
www.cityofgriffin.com
Department of Administrative Services
City of Griffin
THIS PAGE INTENTIONALLY LEFT BLANK
Finance and Accounting Division
19 f 19
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