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GENERAL FUND SUMMARY
(Figures in Millions Of Dollars)
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FY 2002
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FY 2003
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FY 2004
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% Change
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Actual
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Adopted
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Proposed
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'03 to '04
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EXPENDITURES
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County
Services1
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$332.5
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$324.8
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$339.2
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4.4%
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Metro
Operations
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9.7
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|
10.2
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11.8
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15.7%
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Capital
Outlay
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26.5
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13.6
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9.0
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-34.0%
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Contingents
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General
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-
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1.0
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1.0
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-
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Housing Fund
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-
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4.0
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4.0
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-
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Short Term/LPACAP Reserves
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-
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7.0
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-
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-100.0%
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Subtotal
County Services
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$368.7
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$360.6
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$365.0
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1.2%
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County
Debt Service
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32.5
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34.0
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35.6
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4.6%
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County
Compensation Contingent
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-
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-
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8.0
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2
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-
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Subtotal
County
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$401.2
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$394.6
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$408.6
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3.5%
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Schools
Transfer
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$211.6
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$233.2
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$253.3
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8.6%
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Subtotal
Schools
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$211.6
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$233.2
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$253.3
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3
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8.6%
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TOTAL
EXPENDITURES
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$612.8
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$627.8
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$661.9
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5.4%
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REVENUES
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Real
Estate Tax
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$256.6
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$279.7
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$317.3
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*
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13.5%
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Personal
Property Tax
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82.1
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82.6
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82.4
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*
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-0.2%
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BPOL
Tax
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45.7
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41.9
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42.3
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*
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0.9%
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Sales
Tax
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27.0
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27.7
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27.9
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0.9%
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Transient
Tax
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12.6
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13.1
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14.8
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12.5%
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Commercial
Utility Tax
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7.2
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7.1
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7.1
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-
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Restaurant
Meals Tax
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19.1
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18.3
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19.6
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*
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7.2%
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Other
Local Taxes
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9.1
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9.4
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9.7
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2.7%
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Subtotal
Taxes
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$459.4
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$479.8
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$521.1
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8.6%
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Decal
Fees
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3.6
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3.5
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3.7
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5.9%
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Licenses,
Permits and Fees
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8.0
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6.7
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7.6
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14.4%
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Fines,
Interest, Other
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18.0
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17.1
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15.4
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-9.9%
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Charges
for Services
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27.9
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28.7
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30.6
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6.9%
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Miscellaneous
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10.7
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4.2
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1.5
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-65.6%
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Revenue
from State
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57.1
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55.0
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53.5
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-2.6%
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Revenue
from Federal Government
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25.9
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17.0
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19.3
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13.7%
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Subtotal
Other
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$151.1
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$132.2
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$131.7
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-0.3%
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Total
(excluding Fund Balance)
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$610.5
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$611.9
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$652.9
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6.7%
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Prior
Year Fund Balance
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16.6
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15.8
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9.0
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4
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-43.2%
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TOTAL
REVENUES
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$627.1
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$627.8
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$661.9
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5.4%
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1 Includes GF transfers
to other operating funds.
2 May be used for COLA, employer of choice
and/or other employee compensation enhancements.
3 School Transfer based on revenue sharing
agreement (48.6% of tax revenue).
4 Earmarked for FY 2004 Capital
Improvements.
Fund Balance projected at $10.0 million with
$1.0 million allocated for General Fund reserve requirements.
* Net of Tax Refunds
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