Travis County Commissioners Court
April 27, 2010,
Item 24
That takes us through page one, page two, page three. Now we are on to page four of our agenda. To item number 24 under other items. Receive and discuss as necessary the midyear revenue report for the fiscal year 2010 budget.
>>
>> each year at this time sort of as a prelude to the next budget process we give you an update of where we are on revenues at the midyear point. We have used the same format for a number of years, so i know you have seen it before. Very quickly, at the end of march we had collected 92.8% of total general fund budgeted revenue. And that's a little better than we had done in previous years with 87.9% last year. And that's driven by tax collection. If you recall the auditor said last year that she was going to be conservative in budgeting because we didn't know what the economic situation was. And fortunately the collections have been as good as we hoped and better than we budgeted. It's nicer to tell you that than the opposite. The only other category that is really significant, i think, in the general fund is the charges for services. That's the largest category in terms of line items. And we are a little behind where we were last year, but it was really because of one item as we pointed out in the cover memo. It was the quarterly payment from the city for central booking. It was just a timing issue. It showed up in the first few days of april naturally. So we looked down on a percentage there were actually not f it had come a few days earlier we would have been right where we normally would be. One thing i would note is that of course virtually all our parks revenue comes in the second half of the year. And to say least, last year was not a very good year for parks revenue because of the weather. So we're hoping that this year we have have a little better summer and we get more revenue out of that and it will give us more of a boost in the second half of the year than we got last year. As far as the other funds, we've given you almost all the budgetary funds on the list. Most are smaller or pretty much where you would expect them to be. Two i might note are road and bridge. That's a very large other fund. If you take the two main sources of revenue, which is auto registration and fines and forecast them, they're coming out pretty close to what we have budgeted. So we always a watch that fund carefully, but right now at the end of the first six months it seems to be going pretty much where it should be. The expo center, and i mention it only because it has kind of unusual revenue. It gets a lot in the second half of the year, especially since we no longer have the ice bats, but we have the biker rally. That's a lot of revenue that's been shifted to the second half of the year. So it's percentage at march 31st looks like it's down. It doesn't look very big, but that revenue will be coming in. In fact, we got 150,000-dollar payment from the rodeo just three or four days after we closed march's business. So that's -- they're big revenues, which is concession and rent, are forecasting to be just about what we have budgeted. It's taken some years to get a handle on the budget out there because of the nature of the beast, but we think we're getting some really good budgets out of there now. So that one looks like it's doing well.
>> so much so that there's no longer a transfer from the general fund.
>> yes.
>> yes. They're putting day-to-day on their own, their own revenues, which is nice for the general fund.
>> we will -- this is the first step really in the budget process. We will start giving you revenue estimates next month. The first one, if you will recall, is just a one-page broad brush estimate for the general fund only, just so that you and qulowr budget office will have an idea of where we think we're going to be. And we'll start the more detailed budget estimates in june. Budgets and revenue estimates from the departments were just due in yesterday. Yes, yesterday. Obviously we haven't done much with those yet. But at the midyear point as far as revenue, we seem to be doing pretty well.
>> good news in a time of difficult news.
>> i think it reflects the courts working with the auditor to have a conservative budget and hope that things came out bitter than we had -- better than we had planned. And so far they have.
>> sounds good.
>> any questions? Thank you so much.
>> thank you for the report.
The Closed Caption log for this Commissioners Court agenda item is provided by Travis County Internet Services. Since this file is derived from the Closed Captions created during live cablecasts, there are occasional spelling and grammatical errors. This Closed Caption log is not an official record the Commissioners Court Meeting and cannot be relied on for official purposes. For official records please contact the County Clerk at (512) 854-4722.
Last Modified:
Tuesday, April 27, 2010 2:35 PM
