revenue status report fy 2011-2012 - general fund 20111231

8/3/2019 Revenue Status Report FY 2011-2012 - General Fund 20111231

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The Iris CityGriffin... Great and Growing

Where an old town charmand a big city conveniencecombine altogether, it makesthe perfect place to live,

work and raise a family.

Take a few moments to seeall 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

(Unaudited - Internal Use Only)

CITY OF GRIFFIN DEPARTMENT OF

ADMINISTRATIVE SERVICES - FINANCE

As of December 31, 2011

Revenue Status Report

General Fund

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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 10Property Taxes 11, 12

Licenses and Permits 13Intergovernmental 14Charges for Services 15Fines and Forfeitures 16Other Revenues 17, 18

CITY OF GRIFFIN


Revenue Status Report - General FundAs of December 31, 2011

Table of Contents

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By Lucia Mutikani

WASHINGTON | Fri Feb 3, 2012 5:35pm EST

euters - e n te tates create o s at t e astest pace n n ne mont s n anuary an t e unemp oyment rate unexpecte y roppe to a near

three-year low, giving a boost to President Barack Obama.

Nonfarm payrolls jumped 243,000, the Labor Department said on Friday, as factory jobs grew by the most in a year. The jobless rate fell to 8.3 percent -

the lowest since February 2009 - from 8.5 percent in December.

The gain in employment was the largest since April and it far outstripped the 150,000 predicted in a Reuters poll of economists. It hinted at underlying

economic strength and lessened chances of further stimulus from the Federal Reserve.

"More pistons in the economic engine have begun to fire, pointing to accelerating economic growth. One of the happiest persons reading this job report

is President Obama," said Sung Won Sohn, an economics professor at California State University Channel Islands.

The payroll gains were widespread - from retail to temporary help, and from construction to manufacturing - an indication the recovery was becomingmore durable.

A survey of households showed the unemployment rate declined even as new job seekers flooded into the labor force. Economists had expected the

jobless rate, which has now fallen 0.8 percentage point since August, to hold steady.

"I think this is a sign that maybe the economy is reaching that holy grail of a self-sustaining economic expansion," Stuart Hoffman, chief economist at

PNC Financial Services in Pittsburgh, told Reuters Insider.

The outlook was further brightened by a separate report showing service sector activity quickened last month to a near one-year high. A gauge of

service sector employment touched a six-year high.

The fairly upbeat data buoyed stocks on Wall Street, with the tech-heavy Nasdaq Composite index hitting an 11-year high. The Dow Jones industrial

average rose to a near four year high, while the Standard & Poor's index extended its 2012 advance to about 7 percent.

U.S. Treasury debt prices tumbled as investors dialed back expectations on Fed easing. The dollar was little changed against a basket of currencies after

rising earlier in the session.

The employment report contrasted with a fairly glum assessment of the economy offered by the Fed last week.

Officials at the central bank have been debating whether to buy more bonds - a program dubbed QE3 - to drive interest rates lower. It also raised

doubts about the Fed's expectation that it could hold interest rates near zero at least through late 2014.

"At the very least this scales back QE3 (quantitative easing) odds. The surprisingly persistent decline in the unemployment rate also calls into question

how firmly wedded the Fed is to the late-2014 rate guidance," said Michael Feroli, an economist at JPMorgan in New York.

Interest rate futures indicated that at least some traders were beginning to lay bets the Fed could move interest rates up in ear ly 2014.

Fed fund futures were pricing in a 38 percent chance of a January 2014 rate hike, up from 29 percent before the report, and the first better than evenchance of a rate hike was in April 2014, according to CME Group, where the contracts are traded.

However, economists at most leading Wall Street firms still believe the Fed will undertake another bond-buying program, according to a Reuters poll.

DON'T MUCK IT UP

Obama welcomed the strong jobs report and urged Congress to extend a payroll tax cut and benefits for long-term unemployed, which expire at the end

of this month.

"Now is not is not the time for self-inflicted wounds to our economy. I want to send a clear message for Congress. Do not slow down the recovery that

we are on, don't muck it up," he said at a firehouse in Arlington, Virginia.

Jobless rate at 3-year low as payrolls surge

I. Current Economics

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Republicans acknowledged the improvement in the labor market, but said the jobless rate was still too high.

"Our economy still isn't creating jobs the way it should be and that's why we need a new approach," said House Speaker John Boehner.

While employment growth has quickened there are no jobs for three out of every four unemployed people and 23.8 million Americans are either out ofwork or underemployed. The level of employment is still 5.57 million from its pre-recession level.

But steady progress is being made. The economy added 60,000 more jobs in November and December than previously reported.

In addition, average hourly earnings rose four cents, which should help to support spending. The report suggested that expectations of a slowdown in

U.S. economic growth in the first quarter were not yet impacting on companies' hiring decisions.

Employment in the private sector surged 257,000 - the largest gain since April. Government payrolls fell 14,000, the least since September.

U.S. economic growth accelerated to a 2.8 percent annual rate in the final three months of 2011, but it was widely expected to slow as businesses ease

back on efforts to rebuild inventories and exports slip amid a likely recession in Europe.

Some economists cautioned that January's jobs figures could overstate the pulse of the recovery, citing still lackluster consumer confidence, income and

spending growth.

While some said the jobless rate could drop below 8 percent by year end, others warned it would likely move up in the near-term as people who had

given up the search for a job re-enter the workforce.

"For this to mark an upturn in the labor market, then businesses will have to continue to hire on this scale throughout the winter," said Kathy Bostjancic,

director of macroeconomic analysis at the Conference Board in New York.

CAUTIOUS OPTIMISM

The unemployment rate has now declined for five straight months, although part of the drop reflects discouraged Americans giving up the hunt for

work.

A broad measure of unemployment, which includes people who want to work but have stopped looking and those working only part time but who want

more work, slipped to a near three-year low of 15.1 percent in January from 15.2 percent in December.

Revisions to the payrolls figures showed 180,000 more jobs were created last year than previously believed.

Mild winter weather boosted employment last month in construction, which added 21,000 jobs after a 31,000 increase in December. Manufacturing

payrolls surged 50,000, the largest gain in a year, after rising 32,000 the prior month.

Overall, the goods-producing sector added 81,000 jobs last month, the most since January 2006.

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v

January 11, 2012

Federal Reserve Districts

Sixth District--Atlanta

Sixth District business contacts described economic activity as expanding at a modest pace from late November throughDecember. Reports from most sectors were positive, yet expectations remained guarded. Holiday sales were described bymost retailers as generally positive and the pace of sales was stronger than last year by most accounts. Auto sales remainedstrong as well. Tourism-related spending was solid as international visitors continued to bolster activity. Weakness persisted inthe residential real estate sector as both brokers and homebuilders continued to report downward pressure on prices for new

and existing homes. Commercial contractors noted a slight improvement in demand compared with earlier in the year. Mostmanufacturers and transportation contacts noted positive activity, especially related to exports. Bankers noted that depositgrowth continued to outpace loan demand. Employment growth was positive but tepid across the District as employersremained cautious with regard to hiring. Concerns over increased input costs eased further as most commodity prices leveledoff and business' inflation expectations remained in check. Few contacts reported having significant pricing power.

Consumer Spending and Tourism

District retail contacts noted that sales and traffic in late November and December were up from a year ago. Post-Thanksgiving reports were generally positive; nearly sixty percent of contacts polled indicated that sales were better than thesame time period last year. Almost half of contacts reported that inventory levels were up slightly compared to last month, butmost were satisfied that current levels were appropriate. High-end and outlet stores were specifically identified as doing welland were posting improved profits. Most merchants polled expect overall sales to improve over the next three months. Autodealers indicated that sales continued to be strong because of pent-up demand and are better positioned to obtain financing;the pace of sales during early November and December was reportedly the strongest in over two years.

Hospitality contacts reported that holiday activity slightly exceeded cautiously optimistic projections. Occupancy and roomrates were up throughout the District. South Florida in particular experienced greater travel activity from Canada and SouthAmerica. Airport traffic remained above year-ago levels in most major District cities with international travelers helping boostoverall arrivals in many Florida destinations. Cruise line reservations remained solid into the first quarter of 2012 asinternational passengers took advantage of deals. Business travel improved over year-ago levels, although reservations werebeing made closer to departure dates.

Real Estate and Construction

Residential brokers indicated that sales continued to soften in late November and December but remained ahead of last year'sweak levels. However, sales growth varied somewhat across the region. Florida brokers reported that sales growth, measuredyear-over-year, rebounded in November after moderating slightly in the previous two months. These sales continued to bedriven by international and cash sales. Elsewhere in the District, most brokers reported that sales were similar to weak levels

seen a year ago. Many contacts noted that appraisals remained problematic. Inventories declined on a year-over-year basis.Brokers continued to report downward pressure on home prices across most of the District. Many anticipate modest salesgrowth over the next several months with the most positive expectations coming from Florida brokers.

Reports from District homebuilders indicated that new home sales and construction activity growth, measured year-over-year,were flat to slightly up. Builders also continued to report downward pressure on home prices with most reporting that priceswere flat or down on a year-over-year basis, in spite of inventories that remained below year-earlier levels. Builders indicated astrong pickup in buyer traffic compared with the same time period as last year. Homebuilders anticipate new home sales andconstruction to improve modestly in the coming year.

The majority of District commercial real estate contacts continued to report improving demand from earlier in the year. Brokersindicated modest improvements in demand for space with some noting that rent concessions had abated. Contractors

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continued to report improvements in construction activity from earlier in the year. However, financing remained challenging andmost projects were build-to-suit. The outlook among contacts improved modestly from early November with most contractorsand commercial real estate brokers anticipating that construction activity will improve slowly during 2012.

Manufacturing and Transportation

On balance, District manufacturing contacts showed notable improvements in both levels of new orders and production inNovember after reporting several months of decelerating activity. In addition, more contacts reported improving expectationsfor future production than in previous reports. Export manufacturers and auto producers, in particular, reported strong activity.Auto producers noted that recent flooding in Thailand would likely have a modest, negative impact on production of somemodels as several plants in that region were damaged or forced to curtail operations for several weeks.

Reports from transportation industry contacts remained positive in late November and December. Port authorities cited volumeincreases over last year with notable strength in exports. Trucking firms continued to report increased demand for theirservices but were struggling to meet customer needs because of a significant shortage of long-haul drivers.

Banking and Finance

Liquidity levels at depository institutions remained high as many banks reported strong deposit growth coupled with continuedweak loan demand. Some banking contacts noted that they cut loan prices to attract new customers and offered loanconcessions proactively to retain existing clients. There was also little demand for new housing loans, although bankers

reported mortgage refinancing and automobile loan activity increased. In terms of commercial lending, loan growth amongcommunity banks and credit unions was primarily limited to owner-occupied enterprises, while some larger banks reportedgrowth in areas such as energy and healthcare.

Availability of credit/capital was not an issue for most large firms because of positive cash flow, adequate cash reserves, or astrong, long-standing relationship with their bank. Small business contacts, however, continued to report difficulty in obtainingcredit from banks and some have turned to non-bank institutions for financing.

Employment and Prices

Contacts across most sectors continued to report modest hiring activity across much of the District. Most of the hiring hasbeen temporary in nature and tied to seasonal employment. However, there were some scattered reports among healthcareand hospitality contacts in South Florida that hiring was occurring as a result of increased demand or expansion. Agriculturecontacts reported labor shortages across Alabama, citing newly enacted immigration legislation as the culprit. Firms also notedreluctance towards adding new full-time employees because of uncertainty surrounding healthcare reform, a large pool of bothover and under qualified applicants, and because productivity enhancements have made several positions redundant.

Contacts were generally not as concerned with input costs as they had been in previous months, noting that commodity priceshad leveled off or eased somewhat. Notable exceptions included reports of restaurants facing elevated food costs and ongoingprice pressures from high transportation and shipping costs. Many businesses reported slightly improved margins in lateNovember and December. However, with the exception of high-end apparel retailers and hospitality contacts, firms reportedhaving little pricing power.

In the Atlanta Fed's monthly business inflation survey of firms in the Sixth Federal Reserve District, respondents indicated inDecember that their inflation expectations for the coming year are 1.9 percent, down slightly from November. Looking forward,businesses indicated that costs for materials and labor may influence them to raise prices. Respondents did not expectchanges in productivity, sales, or margin adjustments to have a significant influence on prices over the coming year.

Natural Resources and AgricultureEnergy industry contacts indicated that they continued to add to their workforces and that plans to invest in increasedproduction capacity were proceeding. Permitting for shallow water rigs in the Gulf of Mexico picked up slightly. The first leaseauction for deepwater exploration since last year's Gulf oil spill occurred in December with 191 tracks being sold for $337.7million.

While much of the District witnessed various degrees of drought ranging from "abnormally dry" to "exceptional" in lateNovember and December, both Georgia and Louisiana experienced the most severe conditions. Demand for cotton was flat asa result of global economic concerns and competition from synthetic fibers. Prices for cattle and hogs continued to increasebecause of strong foreign demand. Several regional agritourism contacts noted plans to expand next year.

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Georgia Labor Force Employment

Un-

employment

Un-

employment

Rate

# Change in Un-

employment

% Change in

Un-

employment

Dec-2008 4,816,351 4,428,587 387,764 8.10

Dec-2009 4,720,037 4,228,897 491,140 10.40 103,376 26.66%

Dec-2010 4,685,727 4,197,864 487,863 10.40 (3,277) -0.67%Dec-2011 4,750,808 4,291,532 459,276 9.70 (28,587) -5.86%

Spalding County Labor Force Employment

Dec-2008 28,763 25,787 2,976 10.30

Dec-2009 28,279 24,399 3,880 13.70 904 30.38%

Dec-2010 27,981 24,272 3,709 13.30 (171) -4.41%

Dec-2011 28,433 24,811 3,622 12.70 (87) -2.35%

Griffin Labor Force Employment

Dec-2008 9,686 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

% C ange n

Un-

employment

# Change in Un-

employment

Un-

employment

Un-

employment

II. Unemployment Numbers

# Change in Un-

employment

Un-

employment

Rate

Un-

employment

Rate

Latest Unemployment Figures

% C ange n

Un-

employment

Georgia, 4.7010.40 10.40 Georgia, 9.70

Spalding, 5.9013.70 13.30 Spalding, 12.50

Griffin, 7.10

15.60 15.40Griffin, 13.90

Griffin, July 2009, 19.6

0.00

7.00

14.00

21.00

Dec-2008 Dec-2009 Dec-2010 Dec-2011

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Taxes

Intergovernmental

Licenses and Permits

Charges for Services

Miscellaneous Revenues

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

o eratin costs.

III. General Fund Revenue Sources

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

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

governmental agencies.

These are revenues from leased office and parking lot spaces.Rents and Royalties

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

reimbursements.

Service fees include business occupation tax administration fees, police service charges

for copies, documents, etc., plan review and zoning document fees, and pavilionrentals. 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.

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.

Investment Income This category represents interest and dividend earnings from investments.

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.

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Budget

Rolling

Twelve

Month Actual Projected

Projected

Over (Under)

Budget % Variance % Weighted

Total Revenues 17,699,818$ 20,127,320$ 17,979,830$ 280,012$ 1.58% 100.00%

2 196 202

By Category

Operating Revenue

Taxes 10,426,000 13,472,840 10,545,490 119,490 1.15% 42.67%

Licenses and Permits 268,700 346,400 353,900 85,200 31.71% 30.43%

Charges for Services 4,654,420 4,792,500 4,706,200 51,780 1.11% 18.49%

Fines and Forfeitures 1,155,000 946,800 1,097,800 (57,200) -4.95% 20.43%

Rents and Royalties 177,780 207,340 212,300 34,520 19.42% 12.33%

Total Operating Revenue 16,681,900 19,765,880 16,915,690 233,790 1.40% 83.49%

Non-operating Income

Intergovernmental 250,418 204,200 235,600 (14,818) -5.92% 5.29%

Interest/Investment Income 10,500 16,300 19,600 9,100 86.67% 3.25%

Contributions and Donations 12,000 790 340 (11,660) -97.17% 4.16%

Gain (Loss) on Sale of Capital Assets 650,000 9,100 672,000 22,000 3.38% 7.86%

Total Non-operating Income 922,918 230,390 927,540 4,622 0.50% 1.65%

Transfers in from Other Funds 95,000 131,050 136,600 41,600 43.79% 14.86%

Total Revenues 17,699,818$ 20,127,320$ 17,979,830$ 280,012$ 1.58% 100.00%

0 0 0

Adjustments:

Gain (Loss) on Sale of Capital Assets: 650,000$ 9,100$ 672,000$ 22,000$

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

Gain (Loss) on Sale of Capital Assets

after Adjustments: 650,000 9,100 672,000 22,000

Total Adjustments: 0 0 0 0

Total Revenues after Adjustments 17,699,818$ 20,127,320$ 17,979,830$ 280,012$ 1.58%

ANALYSIS:

Total General Fund Revenues as of the date of this report are forecast at $18 million after adjustments (up $280 thousand or1.58 percent of Budget).

General Fund

As of December 31, 2011 the revenue forecast model projects Local Option Sales Tax (LOST) revenues at $3.4 million (up

$136 thousand dollars or 4.1 percent of Budget).

Total General Fund Revenues

IV. Revenues by Category

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Budget

Rolling

Twelve


Projected

Over (Under)

Budget % Variance

% Weighted

on Category

Total Tax Revenues 10,426,000$ 13,472,840$ 10,545,490$ 119,490$ 1.15% 100.00%

By Category

Property Taxes

Real Property Tax 3,800,000 6,636,600 3,953,100 153,100 4.03% 128.13%

Public Utility Tax 45,000 300 37,800 (7,200) -16.00% 6.03%

Motor Vehicle Tax 275,000 289,140 285,990 10,990 4.00% 9.20%

Intangible Tax 14,000 17,400 18,400 4,400 31.43% 3.68%

Railroad Equipment Tax 4,000 4,900 4,700 700 17.50% 0.59%

Real Estate Transfer Tax 6,000 4,500 4,500 (1,500) -25.00% 1.26%

Timber Tax 0 0 0 0Real Property Tax - Prior Year 0 217,740 0 0

Heavy Equipment Tax 0 0 0 0Property not on Tax D gest 0 3,000 0 0

Sub-total Property Taxes 4,144,000 7,173,580 4,304,490 160,490 3.87% 134.31%

Franchise Taxes

Franchise Fees - Electric 75,000 56,460 72,600 (2,400) -3.20% 2.01%

Franchise Fees - Natural Gas 160,000 159,000 159,000 (1,000) -0.63% 0.84%

Franchise Fees - Cable Television 230,000 222,900 222,900 (7,100) -3.09% 5.94%

Franchise Fees - Telephone 141,000 118,000 122,300 (18,700) -13.26% 15.65%

Sub-total Franchise Fee Taxes 606,000 556,360 576,800 (29,200) -4.82% 24.44%

Food and Beverage Taxes

Wine Tax 0 0 0 0

Beer Excise Tax 500,000 575,200 532,200 32,200 6.44% 26.95%Liquor Excise Tax 71,000 47,400 73,000 2,000 2.82% 1.67%

Sub-total Beer, Wine, Liquor & Mixed

Drink Tax 571,000 622,600 605,200 34,200 5.99% 28.62%

Payment in Lieu of Taxes 5,000 0 4,000 (1,000) -20.00% 0.84%

Local Option Sales Tax (LOST) 3,300,000 3,452,000 3,436,000 136,000 4.12% 113.82%

Hotel Motel Tax 0 0 0 0

Business Occupation Tax 400,000 430,800 393,100 (6,900) -1.73% 5.77%

Insurance Premium Tax 1,300,000 1,099,000 1,103,000 (197,000) -15.15% 164.87%

Financial Institution Tax 80,000 84,100 75,300 (4,700) -5.88% 3.93%

Penalty and Interest on Delinquent

Taxes 20,000 53,400 46,800 26,800 134.00% 22.43%Penalty and Interest on Delinquent

Business Licenses and Permits 0 1,000 800 800 100.00% 0.67%

Homeowner's Tax Relief Grant 0 0 0 0

Total Tax Revenues 10,426,000$ 13,472,840$ 10,545,490$ 119,490$ 1.15% 100.00%

Notes: - Franchise Fees are paid in quarterly installments

V. Revenues

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

General FundTax Revenues

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

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Taxes:

Property Taxes

In Summary

Homeowners Tax Relief Grant (HTRG)

Sales Tax Distribution

Sales Tax Distribution

Jurisdiction Tax TypeFor theMonth

Last

TwelveMonths

CurrentFiscal Year

--Tom Willman,

financial advisory principal at Hackett Group, as qoute by CFO.com

LOST

As of December 31, 2011 the revenue forecast model projects Local Option Sales Tax (LOST) revenues at $3.4 million (up $136 thousand

dollars or 4.1 percent of Budget).

Sales Tax Distribution As of December 31, 2011

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

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).

ELOST

$ 1,709,130

$ 663,334

Amount of Distribution

$ 398,323

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.

Spalding - SPALDING COUNTY BOARD OF COMMISSIONERS (SPLOST)

$ 3,428,524

$ 4,272,902

$ 5,142,783

$ 265,551

$ 663,872

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

$ 8,571,711Spalding - SPALDING COUNTY-GRIFFIN BD OF EDUCATION (ELOST)

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)

$ 8,570,765

LOST

SPLOST $ 4,270,283

$ 2,563,687

IT builds the tools and architecture, but it can't tell the business how the data should look.

The business must own the data.

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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$ 4,304,490$

(percentage change over prior years) -2.40% 2.48% -2.83% -7.69%

Penalty and Interest on Delinquent Taxes 20,808$ 28,953$ 43,489$ 29,000$ 46,800$

(percentage change over prior years) 39.14% 50.21% -33.32% 61.38%

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%

Property TaxesGeneral Fund

(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

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CITY OF GRIFFIN



Budget

Rolling

Twelve


Projected

Over (Under)

Budget % Variance

% Weighted

on Category

Total Licenses and Permits Revenues 268,700$ 346,400$ 353,900$ 85,200$ 31.71% 100.00%

By Category

Licenses

Beer License 40,000 40,300 38,800 (1,200) -3.00% 1.41%

Wine License 40,000 39,200 37,600 (2,400) -6.00% 2.82%Liquor License 114,000 113,100 106,000 (8,000) -7.02% 9.39%

Sub-total Licenses 194,000 192,600 182,400 (11,600) -5.98% 13.62%

Permits

House Moving Permits 0 0 0 0

Burn Permits 0 0 100 100 100.00% 0.12%

Zoning & Land Use Permits 7,000 4,300 6,000 (1,000) -14.29% 1.17%

Sign Permits 15,000 18,100 15,400 400 2.67% 0.47%

Catering Permits 400 700 700 300 75.00% 0.35%

Building Permits 38,000 47,400 56,700 18,700 49.21% 21.95%

Plumbing Permits 5,000 6,500 9,200 4,200 84.00% 4.93%

Electrical Permits 6,000 10,500 13,800 7,800 130.00% 9.15%

Gas Permits 200 700 1,500 1,300 650.00% 1.53%Mechanical Permits 3,100 6,000 7,800 4,700 151.61% 5.52%

Sub-total Licenses and Permits 74,700 94,200 111,200 36,500 48.86% 42.84%

Insurance Regulatory Fees 0 57,100 57,700 57,700 100.00% 67.72%Interest on Business Licenses 0 2,500 2,600 2,600 100.00% 3.05%

Sub-total Licenses and Permits 0 59,600 60,300 60,300 100.00% 70.77%

Total Licenses and Permits Revenues 268,700$ 346,400$ 353,900$ 85,200$ 31.71% 100.00%

2008 2009 2010 2011

2012

(Projected)

Licenses and Permits Revenue 396,528$ 300,540$ 284,588$ 285,302$ 293,600$

(percentage change over prior years) -24.21% -5.31% 0.25% 2.91%

Licenses 176,475$ 208,271$ 185,438$ 192,000$ 182,400$

(percentage change over prior years) 18.02% -10.96% 3.54% -5.00%

Permits 220,053$ 92,269$ 99,150$ 93,302$ 111,200$

(percentage change over prior years) -58.07% 7.46% -5.90% 19.18%

Licenses and PermitsGeneral Fund

General FundLicenses and Permits

$396,528

$300,540$284,588 $285,302 $293,600

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

Page 13 of 19


14/19

CITY OF GRIFFIN



Budget

Rolling

Twelve


Projected

Over (Under)

Budget % Variance

% Weighted

on Category

Total Intergovernmental Revenues 250,418$ 204,200$ 235,600$ (14,818)$ -5.92% 100.00%

By Category

DNR Funding 0 42,700 0 0

Federal DEA Overtime

Reimbursement 20,000 21,800 23,100 3,100 15.50% 20.92%

City of Atlanta HIDTA 7,000 1,200 7,000 0 0.00%

GMA Mutual Aid Reimbursements 0 0 0 0

School Resource Officers 127,800 127,500 139,900 12,100 9.47% 81.66%

Prism Training Revenue 16,000 2,400 6,300 (9,700) -60.63% 65.46%

Spalding County Board of Education 0 0 0 0

Reimbursement Spalding County 0 6,000 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 39,340 0 39,300 (40) -0.10% 0.27%

GMA Safety Grant 0 0 5,000 5,000 100.00% 33.74%FEMA Grants 25,278 0 0 (25,278) -100.00% 170.59%

Sub-total Grants 79,618 2,600 59,300 (20,318) -25.52% 137.12%

Total Intergovernmental Revenues 250,418$ 204,200$ 235,600$ (14,818)$ -5.92% 100.00%

2008 2009 2010 2011

2012

(Projected)

Total Intergovernmental Revenue 397,385$ 406,382$ 678,255$ 275,160$ 235,600$

(percentage change over prior years) 2.26% 66.90% -59.43% -14.38%

Intergovernmental Reimbursements 338,271$ 383,429$ 394,755$ 207,160$ 176,300$

(percentage change over prior years) 13.35% 2.95% -47.52% -14.90%

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

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

General Fund

Intergovernmental

General Fund

Intergovernmental Revenues

$397,385 $406,382

$678,255

$275,160$235,600

$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$ 4,792,500$ 4,706,200$ 51,780$ 1.11% 100.00%

By Category

Indirect Cost Allocations 4,437,870 4,519,700 4,437,900 30 0.00% 0.06%

IT Equipment Cost Allocation 0 35,800 0 0

Returned Check Fees 0 100 4,600 4,600 100.00% 8.88%

Election Qualifying Fees 1,600 2,800 2,800 1,200 75.00% 2.32%

Business Occupation Tax

Administration Fee 30,000 24,300 30,300 300 1.00% 0.58%

Business List Reports 0 4,500 4,500 4,500 100.00% 8.69%

Data Processing Fees 36,000 12,800 24,100 (11,900) -33.06% 22.98%

Credit Card Fees 0 3,400 3,300 3,300 100.00% 6.37%Fire Inspections 0 200 200 200 100.00% 0.39%

Cemetery Fees 130,000 159,300 162,400 32,400 24.92% 62.57%

Pool Service Fees 4,650 1,600 2,100 (2,550) -54.84% 4.92%

Sale of Recycled Materials 0 0 0 0

Pavilion Rental 7,000 12,900 14,100 7,100 101.43% 13.71%

Plan Review Fees 4,000 11,400 11,700 7,700 192.50% 14.87%

Demolition Recovery Fees 3,000 3,000 6,300 3,300 110.00% 6.37%

Customer Service Fee 0 0 0 0Zoning Application Fees 300 700 1,900 1,600 533.33% 3.09%

Total Charges for Services Revenues 4,654,420$ 4,792,500$ 4,706,200$ 51,780$ 1.11% 100.00%

2008 2009 2010 2011

2012

(Projected)

Charges for Services Revenue 5,174,480$ 5,043,464$ 4,454,639$ 4,913,673$ 4,706,200$

(percentage change over prior years) -2.53% -11.68% 10.30% -4.22%

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


Charges for Services 257,767$ 300,132$ 276,552$ 240,673$ 268,300$

(percentage change over prior years) 16.44% -7.86% -12.97% 11.48%

General Fund



General Fund

$5,174,480 $5,043,464

$4,454,639

$4,913,673$4,706,200

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$ 946,800$ 1,097,800$ (57,200)$ -4.95% 100.00%

By Category

Police Revenue 19,000 17,100 16,000 (3,000) -15.79% 5.24%

Traffic Fines 762,000 600,900 675,800 (86,200) -11.31% 150.70%

Camera Traffic Light Fines 350,000 314,900 391,000 41,000 11.71% 71.68%

Parking Tickets 0 0 0 0

Seat Belt Fines 0 6,200 500 500 100.00% 0.87%

Ordinance Fines 24,000 7,700 14,500 (9,500) -39.58% 16.61%

Total Fines and Forfeitures Revenue* 1,155,000$ 946,800$ 1,097,800$ (57,200)$ -4.95% 100.00%

*** Seat Belt Fines --- beginning July 1, 2011 seat belt fines are combined with traffic fines.

General FundFines and Forfeitures

$863,445

$758,948

$644,537

$728,000

$675,800

$176,631

$403,596

$391,308

$327,000

$391,000

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

Traffic Fines Camera Traffic Light Fines

Page 16 of 19


17/19

CITY OF GRIFFIN



Budget

Rolling

Twelve


Projected

Over (Under)

Budget % Variance

% Weighted

on Category

Other Revenues

Investment Income 10,500$ 16,300$ 19,600$ 9,100$ 86.67% 8.07%

Rents, Royalties and Other

Rents 174,780 189,000 210,800 36,020 20.61% 31.94%

Insurance Claims 3,000 1,450 500 (2,500) -83.33% 2.22%

Miscellaneous Revenue 0 16,890 1,000 1,000 100.00% 0.89%Contributions and Donations 12,000 790 340 (11,660) -97.17% 10.34%

Sub-total Rents, Royalties and Other 189,780 208,130 212,640 22,860 12.05% 20.27%

Proceeds and Other Financing Sources

Proceeds of GMA Leases 650,000 0 650,000 0 0.00%Proceeds of Sales of Fixed Assets 0 9,100 22,000 22,000 100.00% 19.51%

Sub-total Proceeds and Other

Financing Sources 650,000 9,100 672,000 22,000 3.38% 19.51%

Transfers:

Transfer from Hotel Motel Tax Fund 18,000 24,500 27,500 9,500 52.78% 8.42%

Transfer from Police Technology Fund 51,000 69,770 72,300 21,300 41.76% 18.89%

Transfer from Court Technology Fund 26,000 36,780 36,800 10,800 41.54% 9.58%Trans er rom Water Wastewater 3,531,260

Transfer from Electric Fund 3,630,320

Transfer from Welcome Center Fund (1,800) 8,600 8,600 100.00% 7.63%

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 (21,250) 8,600 8,600 100.00% 7.63%

Sub-total Transfers from Other Funds 95,000 7,649,530 153,800 58,800 61.89% 52.15%

Total Other Revenues 945,280$ 7,883,060$ 1,058,040$ 112,760$ 11.93% 100.00%

General FundOther Revenues

Page 17 of 19


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CITY OF GRIFFIN



2008 2009 2010 2011

2012

(Projected)

Interest Income 71,454$ 15,966$ 6,847$ 8,829$ 19,600$

(percentage change over prior years) -77.66% -57.12% 28.95% 122.00%

Rental Income 215,418$ 191,521$ 195,969$ 196,689$ 210,800$

(percentage change over prior years) -11.09% 2.32% 0.37% 7.17%

Donations and Contributions 12,296$ 883$ 0 454$ 340$


Other Revenues 90,462$ 14,884$ 28,680$ 4,957$ 673,500$

(percentage change over prior years) -83.55% 92.69% -82.72% 13486.85%

--Anton Chekhov,Russian author and playwright

Other RevenuesGeneral Fund

Any idiot can face a crisis - - it's the day-to-day living that wears you out."

$71,454

$15,966

$6,847 $8,829

$19,600

$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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CITY OF GRIFFIN



www.cityofgriffin.com

Department of Administrative Services

City of Griffin

THIS PAGE INTENTIONALLY LEFT BLANK

Finance and Accounting Division

Griffin, Georgia 30223

100 South Hill Street

f
http://www.cityofgriffin.com/http://www.cityofgriffin.com/

revenue status report fy 2011-2012 - general fund 20111231

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