revenue status report fy 2011-2012-general fund

8/2/2019 Revenue Status Report FY 2011-2012-General Fund

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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 see

all that Griffin has to offer:

Relaxed LifestyleSuperior 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 March 31, 2012

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 8

III. General Fund Revenue Sources 9

IV. Revenues by Category 10

V. Revenues 11

Taxes 11

Property Taxes 12, 13

Licenses and Permits 14Intergovernmental 15

Charges for Services 16

Fines and Forfeitures 17

Other Revenues 18, 19


Table of Contents

Revenue Status Report - General Fund


CITY OF GRIFFIN

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CITY OF GRIFFIN

Beige Book - April 11, 2012

Collections History

I. Current Economics

Property Tax Digest

Sixth District--Atlanta

Reports from Sixth District business contacts indicated that the pace of economic activity expanded at a moderate pace in late February

through March. Expectations remained generally positive across most sectors, although contacts expressed concern regarding the impact

of higher energy prices on the outlook.

Retailers mostly indicated sales were growing at a modest pace and auto sales remained strong. Leisure and hospitality businesses

reported robust activity in all segments except cruise lines. Homebuilders and brokers experienced improvements in sales of new and

existing homes while multifamily construction remained strong. General contractors noted slow improvements in commercial construction

conditions. Manufacturers and transportation contacts reported positive production trends, on balance. Loan demand remained relatively

weak according to community bank contacts. The share of firms reporting they were hiring continued to increase, although many contacts

continued to express a preference for part-time or temporary contract workers. Most contacts continued to report having relatively little

pricing power. However, the proportion of f irms saying they were successful in their attempts to pass on price increases rose since the lastreport.

Consumer Spending and Tourism

Most contact reports on consumer spending were generally positive. Sales of home appliances, furniture, and autos were solid, while

apparel was more mixed. Most retailers remained optimistic that sales would improve over the next three months, but noted that the impact

of higher gasoline prices posed a downside risk to their sales outlook.

Tourism activity remained strong and contacts were optimistic about the outlook for leisure and hospitality spending in the summer.

Occupancy rates were up in many areas and South Florida continued to be boosted by visitors from South America and Canada.

Convention activity continued to improve as well. Similar to retail, tourism contacts expressed concern about higher fuel costs and the

potential impact on domestic travel to many regional tourist destinations. There continued to be a modest drop off in bookings on some

cruise lines, which was attributed mostly to the recent disaster off the coast of Italy.

Real Estate and Construction

The majority of residential broker contacts reported that home sales exceeded the year earlier level in late February and March. More than

two-thirds of the brokers indicated that sales met or exceeded their expectations. Florida contacts noted strengthening sales, particularly in

South Florida markets. Many noted that inventory levels across the District continued to decline on a year-over-year basis and, in spite of

this, home prices were flat to slightly down compared with a year ago. The outlook among brokers for sales growth remained positive, with

most anticipating modest year-over-year gains over the next several months.

The majority of homebuilder contacts reported that new home sales and construction rose modestly during late February and March

compared with a year earlier. Similar to brokers, builders also noted that home price declines abated somewhat and new home inventories

continued to decline on a year-over-year basis. Contacts observed that multifamily construction remained robust across much of the District

and new projects continued to be announced. Over the next several months, homebuilders anticipate sales and construction to be f lat to

slightly up compared with a year ago.

Most commercial real estate contacts indicated that conditions continued to improve slowly in the region. Contractors noted a slight

improvement in demand, but the market remained very competitive and overall activity remained at low levels. Commercial real estate

brokers continued to report modest improvements in demand, mostly for class A space in urban markets. Some reported that businesses

have become more willing to move ahead with lease plans. Rent concessions continued to be noted with several brokers reporting that

rates have begun to stabilize; however, longer leases were reported which included generous tenant improvements. The outlook amongcontacts was a bit more positive than previously reported, but most contractors and commercial real estate brokers continued to anticipate

that activity would improve slowly this year.

Manufacturing and Transportation

Manufacturing activity across the Sixth District improved compared with the last report. Most contacts reported an increased level of both

new orders and production. Several large auto manufacturers announced plans to hire more workers to meet increased demand for their

products. A major industrial equipment producer and two medium-sized manufacturers announced plans to increase their presence in

Georgia. Most manufacturers also indicated some increase in non-labor input costs.

Transportation contacts continued to report volume growth across most segments with the exception of air cargo, which is being hindered

by slowing global demand and rising fuel costs. A railroad contact noted significant volume increases in automobiles, steel, and forestry

roducts. Domestic coal shi ments slowed because of the effects of warmer weather and lower natural as rices. A ort contact indicated

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CITY OF GRIFFIN

Last update: April 16, 2012

strong container volumes and increases in steel imports. The majority of transportation contacts reported substantial investment spending

in anticipation of future demand.

Banking and Finance

Contacts at community banks indicated liquidity levels remained high, a result of increasing deposit balances and relatively soft loan

demand. Some contacts acknowledged a slight increase in demand for C&I and commercial real estate loans in some metropolitan areas,

and a general rise in demand for automobile loans. In rural areas, however, low property valuations were said to be hindering overall loan

activity. The demand for mortgages varied widely by market and some community bank contacts indicated that they have exited the

mortgage origination market altogether. Lending standards at these institutions have remained largely unchanged. Smaller institutions

noted tough competition from larger banks for credit customers. Many of these contacts expressed concern that regulatory compliance

costs were affecting profit margins.

Employment and Prices

Overall hiring trends were positive, but growth remained relatively modest in late February and March. While business contacts noted

some increased optimism about the economic outlook, most firms continued to approach expansion plans with considerable caution.

Among firms adding to payrolls, many were utilizing temporary or contract hires in order to contain costs and retain flexibility. Reports

indicated that smaller businesses were looking to rebuild margins before proceeding to adjust their payrolls. Several businesses, including

trucking related firms, asserted that they were faced with a lack of qualified labor. One large manufacturer addressed the issue of the lack

of qualified workers by bringing back retirees on a contract basis to help train new hires.

Though most contacts continued to report having little pricing power, more firms recounted successful attempts or plans to pass on price

increases since the last report. Increased transportation costs, including those resulting from higher gasoline and other fuel prices, werereportedly passed on to consumers without much difficulty. According to the firms surveyed in the Atlanta Fed's March Business Inflation

Expectations survey, unit costs were expected to rise two percent for the year ahead, up slightly from February. According to the

businesses surveyed, profit margins, though still below normal, have begun to improve. Firms expect modest improvement in margins over

the next year.

Natural Resources and Agriculture

Investment in transportation infrastructure for oil and natural gas continued to increase; however, contacts noted that more investment is

needed to accommodate recent increases in domestic and Canadian energy production. District refining contacts noted that the capacity to

process the heavier grades of crude oil that are increasingly available is limited, despite recent investment in additional refinery capacity.

While conditions improved in parts of the District, much of Georgia and Florida continued to experience varying degrees of drought.

Contacts also reported that Florida citrus growers continued to fight greening disease. Prices paid to farmers for poultry and soybeans were

up from the previous reporting period. Contacts continued to report concerns regarding available labor supplies in Georgia and Alabama,

attributing this to the tougher immigration laws.

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CITY OF GRIFFIN

Interest Rate Outlook Panel of Economists

2. Europe is not fully resolved, and the potential for a flare-up that raises risk

assessments and paralyzes economic agents is still a major concern.

3. Profit margins are falling and there is a risk of slowing in the improvement in the

labor market.

Remember that it's the Fed's job to worry. I am a little more optimistic because there is an absolute boatload of cash on corporate balance

sheets. The consumer, for the moment, is optimistic and spending. The housing sector is stabilizing. The chain of causality I am looking for

is for continued improvement in the labor market to boost income and consumer spending, particularly in durable goods. With new homesales low, and inventories stabilizing, there is room now for a slight pick-up that would boost activity in related industries like furniture,

appliances, and even autos that would create a positive, although perhaps muted, virtuous cycle.

James Glassman, managing director and senior economist at

J.P. Morgan Chase and Co., said: "I expect the economy's

growth pace to gradually pick up. Nonetheless, because it will

take many years of fast growth to restore the economy to a fully-

employed state, I agree with the Fed's forecast that rates are

likely to remain unusually low for some time. The

underemployed state of the economy implies that inflation risks

remain tilted to the downside."

Lacy H. Hunt, executive vice president of Hoisington Investment Management, said: "The main problem controlling the U.S. economic

conditions is extreme over-indebtedness. This problem cannot be reversed by monetary and fiscal policies that encourage and or facilitate

a further increase in debt. Such policies can produce nothing more than transitory improvement in economic activity. The reason that the

standard of living of has fallen back to the levels of the 1990s is the debt overhang. Moreover, in spite of increases in some measures of

economic performance, real disposable personal income in per capita terms continues to stagnate. This explains why federal income tax

receipts have not risen thus far in the 2012 fiscal year, in spite of reported employment gains."

Christopher Mier, chief strategist and director of the Analytical Services Division of Loop Capital, said: "There are a few 'headwinds' that

are of major concern to the Fed:

The fiscal drag that will result from the expiration of the payroll tax cut and the

extension of emergency unemployment benefits. There are also about

40 tax laws that will sunset by year's end. The potential fiscal drag going into

2013 is quite large, on the order of 1 to 2% of GDP.

1.

Banks seem to be in good shape, and the jobs picture is

improving, but the Federal Reserve expects the U.S. economic

recovery to remain slow. Of course, others disagree. What are

your thoughts?

Scott Brown, chief economist, Raymond James & Associates,

said: "Banks have begun to ease credit for consumers and

small businesses, which is good thing. The economy continues

to recover, but the pace is still not especially strong. We

continue to face a number of headwinds: continued problems in

the housing sector, contractionary fiscal policy (mostly in state

and local government, but barring a change in course, federal

fiscal policy is set to be a significant drag in 2013), and higher

gasoline prices in the near term."

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CITY OF GRIFFIN

Snapshot of Economy and Interest Rates

Annualized Returns Since

DateAverage

ReturnJan.1, 2011 Jan. 1, 2010

Jan. 1, 2011 0.03% 0.03% 0.54%Jan. 1, 2012 0.02% 0.02% 0.06%Feb. 1, 2012 0.02% 0.02% 0.06%Mar. 1, 2012 0.03% 0.02% 0.06%Apr. 1, 2012 0.03% 0.02% 0.06%

Date 7-day yield 30-day yieldMaturity

(Days)30-Mar-12 0.05% 0.06% 46

03/30/2012 Year Ago

0.12 0.14

* 0.23

* 0.25

0.23 0.19

0.09 0.05

0.18 0.24

* 0.23

4.08 5.06

0.25 0.44

Bond Buyer 20-bond municipal

index

Tax-exempt notes

Key Rates: Cash Markets

CDs: Three months

CDs: Six months

BAs: One month

T-bills: 91-day yield

T-bills: 52-week yield

Commercial paper, dealer-

placed, 3 months

Economic Summary

Investment Performance Benchmarks

The money market fund

index

S&P Rated LGIP Index

Rate

Fed funds

Moving Averages6-Month Treasury Bill

2-Year Treasury Note

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CITY OF GRIFFIN

Notes

April 2012 Vol.ume 30, Number 4

The money market fund index - This index is the simple average of iMoneyNet Money Fund Averages /Taxable (All) seven-day

money market fund indexes, as reported for the two weeks closest to the end of each month. The annualized return is calculated using

these rates for a four-week period centering on the first of each month. The results should simulate returns from passive investment in an

average money market fund.

S&P Rated LGIP Index - This index is comprised of local government investment pools that are rated AAAm or AAm by Standard & Poor's

and represents pools that strive to maintain a stable net asset value.

Government Finance Officers Association of the United States and Canada

Editor: Marcy BoggsExecutive Director/CEO: Jeffrey Esser

Moving Averages - The four-week moving averages are calculated as a simple average of Friday closing yield quotations for the most

recently offered six-month Treasury bill (discount basis), two-year Treasury note, and 10-year Treasury note. Moving averages are used by

analysts to monitor trends and trend changes. Generally, interest rates are increasing (prices falling) when the moving average yield is

rising and the current rate exceeds the moving average. Conversely, current yields below a declining moving average are associated with

lower interest rates (high prices on fixed-income securities). Some market timers buy (or sell) longer maturities when current market yields

fall below (or enetrate above) their movin avera es.

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CITY OF GRIFFIN

Georgia Labor Force Employment

Un-

employment

Un-

employment

Rate

# Change in

Un-

employment

% Change in

Un-

employment

Mar-2009 4,791,846 4,350,305 441,541 9.20

Mar-2010 4,691,635 4,209,831 481,804 10.30 40,263 9.12%

Mar-2011 4,719,633 4,255,664 463,969 9.80 (17,835) -3.70%

Mar-2012 4,759,245 4,332,472 426,773 9.00 (37,196) -8.02%

Spalding County Labor Force Employment

Mar-2009 28,390 24,994 3,396 12.00

Mar-2010 28,791 24,807 3,984 13.80 588 17.31%

Mar-2011 28,848 25,272 3,576 12.40 (408) -10.24%

Mar-2012 29,112 25,841 3,271 11.20 (305) -8.53%

Griffin Labor Force Employment

Dec-20089,686 8,543 1,143 11.80Dec-2009 9,611 8,110 1,501 15.60 358 31.32%

Dec-2010 9,507 8,044 1,463 15.40 (38) -2.53%

Dec-2011 9,450 8,135 1,315 13.90 (148) -10.12%

Georgia Spalding County

Georgia Spalding County

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

% Change n

Un-

employment

# Change n

Un-

employment

Un-

employment

Rate

Latest Unemployment Figures

Un-

employment

Rate

% Change n

Un-

employment

II. Unemployment Numbers

Un-

employment

# Change n

Un-

employment

Un-

employment

9.2010.30 9.80 Georgia, 9.00

12.00 13.80 12.40 Spalding, 11.20

11.80

15.60 15.40Griffin, 13.90

Griffin, July 2009, 19.6

0.00

7.00

14.00

21.00

Mar-2009 Mar-2010 Mar-2011 Mar-2012

March Data for Griffin not available at tim of printing

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CITY OF GRIFFIN

Taxes

Intergovernmental

Licenses and Permits

Charges for Services

Miscellaneous Revenues

Taxes account for approximately 59 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 23 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.

Rents and Royalties

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, and

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

III. General Fund Revenue Sources

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

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

reimbursements.

Licenses and permit make up less than 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.

These are revenues from leased office and parking lot spaces.

Cost allocations, depending on their nature, can be non-cash book entries in order to

comply with Generally Accepted Accounting Principles (GAAP). Allocations are

designed to shift and allocate costs to the business units in order to show the true

operating costs.)

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

governmental agencies.

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CITY OF GRIFFIN

Budget

Rolling

TwelveMonth Actual Projection

Projected

Over (Under)Budget % Variance % Weighted

Total Revenues 17,699,818$ 17,680,080$ 18,113,550$ 413,732$ 2.34% 100.00%

2 199 202

By Category

Operating Revenue

Taxes 10,426,000 11,056,440 10,720,230 294,230 2.82% 71.12%

Licenses and Permits 268,700 341,300 354,000 85,300 31.75% 20.62%

Charges for Services 4,654,420 4,742,700 4,688,100 33,680 0.72% 8.14%

Fines and Forfeitures 1,155,000 928,700 1,019,600 (135,400) -11.72% 32.73%

Rents and Royalties 177,780 213,300 212,600 34,820 19.59% 8.42%

Total Operating Revenue 16,681,900 17,282,440 16,994,530 312,630 1.87% 75.56%

Non-operating Income

Intergovernmental 250,418 187,600 233,000 (17,418) -6.96% 4.21%

Interest/Investment Income 10,500 15,000 24,000 13,500 128.57% 3.26%

Contributions and Donations 12,000 3,700 3,220 (8,780) -73.17% 2.12%

Gain (Loss) on Sale of Capital Assets 650,000 59,100 722,000 72,000 11.08% 17.40%

Total Non-operating Income 922,918 265,400 982,220 59,302 6.43% 14.33%

Transfers in from Other Funds 95,000 132,240 136,800 41,800 44.00% 10.10%

Total Revenues 17,699,818$ 17,680,080$ 18,113,550$ 413,732$ 2.34% 100.00%

0 0 0

Adjustments:

Gain (Loss) on Sale of Capital Assets: 650,000$ 59,100$ 722,000$ 72,000$

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

Gain (Loss) on Sale of Capital Assets

after Adjustments: 650,000 59,100 722,000 72,000

Total Adjustments: 0 0 0 0

Total Revenues after Adjustments 17,699,818$ 17,680,080$ 18,113,550$ 413,732$ 2.34%

ANALYSIS:

IV. Revenues by Category

Total General Fund Revenues

General Fund

As of March 31, 2012 the revenue forecast model projects Local Option Sales Tax (LOST) revenues at $3.4 million (up $115

thousand dollars or 3.5 percent of Budget).

Total General Fund Revenues as of the date of this report are forecast at $18.1 million after adjustments (up $414 thousand

or 2.34 percent of Budget).

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CITY OF GRIFFIN

Budget

Rolling

TwelveMonth Actual Projection

Projected

Over (Under)Budget % Variance

% Weightedon Category

Total Tax Revenues 10,426,000$ 11,056,440$ 10,720,230$ 294,230$ 2.82% 100.00%

By Category

Property Taxes

Real Property Tax 3,800,000 4,114,100 4,147,000 347,000 9.13% 117.93%

Public Utility Tax 45,000 33,000 45,000 0 0.00%

Motor Vehicle Tax 275,000 289,510 290,290 15,290 5.56% 5.20%

Intangible Tax 14,000 17,300 17,400 3,400 24.29% 1.16%

Railroad Equipment Tax 4,000 0 1,500 (2,500) -62.50% 0.85%

Real Estate Transfer Tax 6,000 4,200 4,200 (1,800) -30.00% 0.61%

Timber Tax 0 0 0 0Real Property Tax - Prior Year 0 223,690 0 0

Heavy Equipment Tax 0 0 0 0Property not on Tax D gest 0 2,800 600 600 100.00% 0.20%

Sub-total Property Taxes 4,144,000 4,684,600 4,505,990 361,990 8.74% 123.03%

Franchise Taxes

Franchise Fees - Electric 75,000 56,340 56,340 (18,660) -24.88% 6.34%

Franchise Fees - Natural Gas 160,000 157,400 157,400 (2,600) -1.63% 0.88%

Franchise Fees - Cable Television 230,000 232,400 175,700 (54,300) -23.61% 18.45%

Franchise Fees - Telephone 141,000 115,300 115,400 (25,600) -18.16% 8.70%

Sub-total Franchise Fee Taxes 606,000 561,440 504,840 (101,160) -16.69% 34.38%

Food and Beverage Taxes

Wine Tax 0 0 0 0Beer Excise Tax 500,000 584,800 557,700 57,700 11.54% 19.61%Liquor Excise Tax 71,000 47,400 56,300 (14,700) -20.70% 5.00%

Sub-total Beer, Wine, Liquor & Mixed

Drink Tax 571,000 632,200 614,000 43,000 7.53% 14.61%

Payment in Lieu of Taxes 5,000 0 0 (5,000) -100.00% 1.70%

Local Option Sales Tax (LOST) 3,300,000 3,482,000 3,415,000 115,000 3.48% 39.09%

Hotel Motel Tax 0 0 0 0

Business Occupation Tax 400,000 443,900 435,800 35,800 8.95% 12.17%

Insurance Premium Tax 1,300,000 1,110,000 1,110,000 (190,000) -14.62% 64.58%

Financial Institution Tax 80,000 76,700 78,600 (1,400) -1.75% 0.48%

Penalty and Interest on Delinquent

Taxes 20,000 64,600 55,200 35,200 176.00% 11.96%

Penalty and Interest on DelinquentBusiness Licenses and Permits 0 1,000 800 800 100.00% 0.27%

Homeowner's Tax Relief Grant 0 0 0 0

Total Tax Revenues 10,426,000$ 11,056,440$ 10,720,230$ 294,230$ 2.82% 100.00%

Tax Revenues

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

General Fund

V. Revenues

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

Notes: - Franchise Fees are paid in quarterly installments

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CITY OF GRIFFIN

Taxes:

Property Taxes

In Summary

Homeowners Tax Relief Grant (HTRG)

Sales Tax Distribution

Sales Tax Distribution

Jurisdiction Tax Type

For the

Month

Last

Twelve

Months

Current

Fiscal Year

--Bill Gates,

American businessman, software engineer and philanthropist

Spalding - CITY OF GRIFFIN (LOST)

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

We always overestimate the change that will occur in the next two yearsand underestimate the change that will occur in the next 10.

$ 6,471,387

$ 3,885,022

$ 8,658,363Spalding - SPALDING COUNTY-GRIFFIN BD OF EDUCATION (ELOST)

Spalding - SPALDING COUNTY BOARD OF COMMISSIONERS (LOST)

$ 8,650,832

LOST

SPLOST

$ 6,475,130

$ 5,194,935

$ 293,050

$ 732,626

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

Spalding - SPALDING COUNTY BOARD OF COMMISSIONERS (SPLOST)

$ 3,463,291

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

Below is a chart of sales tax distributions for the City of Griffin, Spalding County and Griffin Board of Education. The chart shows

distributions for the month, total distributions for the last twelve consecutive months, and year to date for the current fiscal year. Data

comes from the Georgia Department of Revenue.

ELOST

$ 2,590,020

$ 732,133

Amount of Distribution

$ 439,575

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

As of March 31, 2012 the revenue forecast model projects Local Option Sales Tax (LOST) revenues at $3.4 million (up $115 thousand

dollars or 3.5 percent of Budget).

Sales Tax Distribution As of March 31, 2012

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CITY OF GRIFFIN

2008 2009 2010 2011

2012

(Projected)Property Tax Revenue 4,798,148$ 4,682,938$ 4,798,935$ 4,662,904$ 4,505,990$

(percentage change over prior years) -2.40% 2.48% -2.83% -3.37%

Penalty and Interest on Delinquent Taxes 20,808$ 28,953$ 43,489$ 29,000$ 55,200$

(percentage change over prior years) 39.14% 50.21% -33.32% 90.34%

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

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CITY OF GRIFFIN

Budget

Rolling

Twelve

Month Actual Projection

Projected

Over (Under)

Budget % Variance

% Weighted

on Category

Total Licenses and Permits Revenues 268,700$ 341,300$ 354,000$ 85,300$ 31.75% 100.00%

By Category

Licenses

Beer License 40,000 43,400 43,700 3,700 9.25% 4.34%

Wine License 40,000 42,100 42,400 2,400 6.00% 2.81%Liquor License 114,000 115,200 116,800 2,800 2.46% 3.28%

Sub-total Licenses 194,000 200,700 202,900 8,900 4.59% 10.43%

Permits

House Moving Permits 0 0 0 0

Burn Permits 0 0 100 100 100.00% 0.12%

Zoning & Land Use Permits 7,000 4,500 5,300 (1,700) -24.29% 1.99%

Sign Permits 15,000 17,600 16,500 1,500 10.00% 1.76%Catering Permits 400 800 900 500 125.00% 0.59%

Building Permits 38,000 53,700 59,400 21,400 56.32% 25.09%

Plumbing Permits 5,000 5,400 7,100 2,100 42.00% 2.46%

Electrical Permits 6,000 11,000 12,900 6,900 115.00% 8.09%

Gas Permits 200 600 1,200 1,000 500.00% 1.17%Mechanical Permits 3,100 5,300 6,300 3,200 103.23% 3.75%

Sub-total Licenses and Permits 74,700 98,900 109,700 35,000 46.85% 41.03%

Insurance Regulatory Fees 0 39,200 38,800 38,800 100.00% 45.49%Interest on Business Licenses 0 2,500 2,600 2,600 100.00% 3.05%

Sub-total Licenses and Permits 0 41,700 41,400 41,400 100.00% 48.53%

Total Licenses and Permits Revenues 268,700$ 341,300$ 354,000$ 85,300$ 31.75% 100.00%

2008 2009 2010 2011

2012

(Projected)

Licenses and Permits Revenue 396,528$ 300,540$ 284,588$ 285,302$ 312,600$

(percentage change over prior years) -24.21% -5.31% 0.25% 9.57%

Licenses 176,475$ 208,271$ 185,438$ 192,000$ 202,900$

(percentage change over prior years) 18.02% -10.96% 3.54% 5.68%

Permits 220,053$ 92,269$ 99,150$ 93,302$ 109,700$

(percentage change over prior years) -58.07% 7.46% -5.90% 17.58%


General Fund

General Fund


$396,528

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

$312,600

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

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CITY OF GRIFFIN

Budget

Rolling

Twelve


Projected

Over (Under)

Budget % Variance

% Weighted

on Category

Total Intergovernmental Revenues 250,418$ 187,600$ 233,000$ (17,418)$ -6.96% 100.00%

By Category

DNR Funding 0 15,100 0 0

Federal DEA Overtime

Reimbursement 20,000 31,100 32,400 12,400 62.00% 71.19%

City of Atlanta HIDTA 7,000 4,100 7,000 0 0.00%

GMA Mutual Aid Reimbursements 0 0 0 0

School Resource Officers 127,800 127,100 127,800 0 0.00%

Prism Training Revenue 16,000 7,600 6,500 (9,500) -59.38% 54.54%

Spalding County Board of Education 0 0 0 0

Reimbursement Spalding County 0 0 0 0

0Grants 0

LCI Grant ARC 0 0 0 0

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

Byrne Grant 39,340 0 39,300 (40) -0.10% 0.23%

GMA Safety Grant 0 0 5,000 5,000 100.00% 28.71%FEMA Grants 25,278 0 0 (25,278) -100.00% 145.13%

Sub-total Grants 79,618 2,600 59,300 (20,318) -25.52% 116.65%

Total Intergovernmental Revenues 250,418$ 187,600$ 233,000$ (17,418)$ -6.96% 100.00%

2008 2009 2010 20112012

(Projected)

Total Intergovernmental Revenue 397,385$ 406,382$ 678,255$ 275,160$ 233,000$

(percentage change over prior years) 2.26% 66.90% -59.43% -15.32%

Intergovernmental Reimbursements 338,271$ 383,429$ 394,755$ 207,160$ 173,700$

(percentage change over prior years) 13.35% 2.95% -47.52% -16.15%

Grants 59,114$ 22,953$ 283,500$ 68,000$ 59,300$

(percentage change over prior years) -61.17% 1135.13% -76.01% -12.79%

Intergovernmental

General Fund

Intergovernmental Revenues

General Fund

$397,385 $406,382

$678,255

$275,160$233,000

$200,000

$400,000

$600,000

$800,000

2008 2009 2010 2011 2012 (Projected)

Total Intergovernmental Revenue

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CITY OF GRIFFIN

Budget

Rolling

Twelve


Projected

Over (Under)

Budget % Variance

% Weighted

on Category

Total Charges for Services Revenues 4,654,420$ 4,742,700$ 4,688,100$ 33,680$ 0.72% 100.00%

By Category

Indirect Cost Allocations 4,437,870 4,478,800 4,437,900 30 0.00% 0.09%

IT Equipment Cost Allocation 0 17,900 0 0

Returned Check Fees 0 100 400 400 100.00% 1.19%

Election Qualifying Fees 1,600 2,800 2,800 1,200 75.00% 3.56%

Business Occupation Tax

Administration Fee 30,000 30,700 29,800 (200) -0.67% 0.59%

Business List Reports 0 0 0 0

Data Processing Fees 36,000 18,800 17,200 (18,800) -52.22% 55.82%

Credit Card Fees 0 3,700 3,800 3,800 100.00% 11.28%

Fire Inspections 0 300 300 300 100.00% 0.89%Cemetery Fees 130,000 157,000 160,400 30,400 23.38% 90.26%

Pool Service Fees 4,650 1,600 2,100 (2,550) -54.84% 7.57%

Sale of Recycled Materials 0 0 0 0

Pavilion Rental 7,000 12,200 13,100 6,100 87.14% 18.11%

Plan Review Fees 4,000 14,500 15,100 11,100 277.50% 32.96%

Demolition Recovery Fees 3,000 3,700 3,900 900 30.00% 2.67%

Customer Service Fee 0 0 0 0Zoning Application Fees 300 600 1,300 1,000 333.33% 2.97%

Total Charges for Services Revenues 4,654,420$ 4,742,700$ 4,688,100$ 33,680$ 0.72% 100.00%

2008 2009 2010 20112012

(Projected)

Charges for Services Revenue 5,174,480$ 5,043,464$ 4,454,639$ 4,913,673$ 4,688,100$

(percentage change over prior years) -2.53% -11.68% 10.30% -4.59%

Indirect Cost Allocations 4,916,713$ 4,743,332$ 4,178,087$ 4,673,000$ 4,437,900$

(percentage change over prior years) -3.53% -11.92% 11.85% -5.03%

Charges for Services 257,767$ 300,132$ 276,552$ 240,673$ 250,200$

(percentage change over prior years) 16.44% -7.86% -12.97% 3.96%

General Fund



General Fund

$5,174,480

$5,043,464

$4,454,639

$4,913,673$4,688,100

2008 2009 2010 2011 2012 (Projected)

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CITY OF GRIFFIN

Budget

Rolling

Twelve


Projected

Over (Under)

Budget % Variance

% Weighted

on Category

Total Fines and Forfeitures Revenue 1,155,000$ 928,700$ 1,019,600$ (135,400)$ -11.72% 100.00%

By Category

Police Revenue 19,000 15,700 15,100 (3,900) -20.53% 2.88%

Traffic Fines 762,000 597,200 638,100 (123,900) -16.26% 91.51%

Camera Traffic Light Fines 350,000 308,600 358,000 8,000 2.29% 5.91%

Code Violations 0 200 200 200 100.00% 0.15%

Seat Belt Fines 0 3,800 500 500 100.00% 0.37%

Ordinance Fines 24,000 3,200 7,700 (16,300) -67.92% 12.04%

Total Fines and Forfeitures Revenue* 1,155,000$ 928,700$ 1,019,600$ (135,400)$ -11.72% 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

$638,100

$176,631

$403,596

$391,308

$327,000$358,000

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

Traffic Fines Camera Traffic Light Fines

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CITY OF GRIFFIN

Budget

Rolling

Twelve


Projected

Over (Under)

Budget % Variance

% Weighted

on Category

Other Revenues

Investment Income 10,500$ 15,000$ 24,000$ 13,500$ 128.57% 7.56%

Rents, Royalties and Other

Rents 174,780 190,580 206,300 31,520 18.03% 17.65%

Insurance Claims 3,000 1,640 800 (2,200) -73.33% 1.23%

Miscellaneous Revenue 0 21,100 5,500 5,500 100.00% 3.08%Contr but ons and Donat ons 12,000 3,680 3,220 (8,780) -73.17% 4.92%

Sub-total Rents, Royalties and Other 189,780 217,000 215,820 26,040 13.72% 14.58%

Proceeds and Other Financing

Sources

Proceeds of GMA Leases 650,000 0 650,000 0 0.00%Proceeds of Sales of Fixed Assets 0 59,100 72,000 72,000 100.00% 40.33%

Sub-total Proceeds and Other

Financing Sources 650,000 59,100 722,000 72,000 11.08% 40.33%

Transfers:

Transfer from Hotel Motel Tax Fund 18,000 25,690 27,700 9,700 53.89% 5.43%

Transfer from Police Technology Fund 51,000 69,770 72,300 21,300 41.76% 11.93%

Transfer from Court Technology Fund 26,000 36,780 36,800 10,800 41.54% 6.05%

Transfer from Water Wastewater 3,531,260Transfer from Electric Fund 3,630,320

Transfer from Welcome Center Fund (1,010) 12,600 12,600 100.00% 7.06%

Transfer from Solid Waste Fund

Transfer from Airport Fund

Transfer from Storm Water Fund 379,950

Transfer from Golf Course

Transfer from Motor Pool

Transfer from GBTA (20,460) 12,600 12,600 100.00% 7.06%

Sub-total Transfers from Other Funds 95,000 7,652,300 162,000 67,000 70.53% 37.53%

Total Other Revenues 945,280$ 7,943,400$ 1,123,820$ 178,540$ 18.89% 100.00%

Other Revenues

General Fund

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CITY OF GRIFFIN

2008 2009 2010 2011

2012

(Projected)

Interest Income 71,454$ 15,966$ 6,847$ 8,829$ 24,000$


Rental Income 215,418$ 191,521$ 195,969$ 196,689$ 206,300$

(percentage change over prior years) -11.09% 2.32% 0.37% 4.89%

Donations and Contributions 12,296$ 883$ 0 454$ 3,220$


Other Revenues 90,462$ 14,884$ 28,680$ 4,957$ 728,300$

(percentage change over prior years) -83.55% 92.69% -82.72% 14592.35%

--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

$24,000

$12,296

$883 0 $454$3,2200

$25,000

$50,000

$75,000

$100,000

2008 2009 2010 2011 2012 (Projected)Interest Income Donations and Contributions

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CITY OF GRIFFIN

Griffin, Georgia 30223

100 South Hill Street

www.cityofgriffin.com

Department of Administrative Services

City of Griffin

THIS PAGE INTENTIONALLY LEFT BLANK

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

revenue status report fy 2011-2012-general fund

Documents