HomeMy WebLinkAboutIR 9186 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 9186
To the Mayor and Members of the City Council February 2, 2010
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Page 1 of 2
• SUBJECT: Trend of General Fund's Revenue Growth
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The purpose of this informal report is to respond to Council inquiries regarding the General Fund's budget trend. The
chart below depicts the year over year change in the adopted budget. For example, the FY2001 Adopted Budget was
6% higher than the FY2000 Adopted Budget. As presented during the January 14`" workshop, the budget has
steadily increased since FY2003, peaking to a double digit budget increase in FY2007. However, in recent years, the
budget has declined, most recently by 4% in FY2009 and 2% in FY2010.
Adopted Budget Trend
12.00% 11%
10.000/0 10%/0
8% 9%
8.000/0 6% 7%
6.00%
4.000/6 30/6 4%
2.00%
0.00%
H-2.00% $ N $ N o
G/%
-4.00%
1°n
-6.00%
Council inquired about the actual revenue dollars for the respective years. The table below provides the Adopted
Budget for General Fund revenues. You will see beginning in FY2000; General Fund revenues were$323.8M. Those
revenues peaked at$562.7M in FY2008 and have declined to$528AM in the current budget year.
General Fund Adopted Budget-Revenue(000'x)
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
$323,854 $344,358 $372,009 $384,354 $398,132 $425,252 $462,561 $513,590 $562,732 $538,987 $528,402
$ 20,503 $ 27,652 $ 12,344 $ 13,778 $ 27,120 $37,309 $51,030 $49,142 1-
6% 8% 3% 4% 7% 9°/6 11% 10% '/6
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS
INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 9186
To the Mayor and Members of the City Council February 2, 2010
Page 2 of 2
SUBJECT: Trend of General Fund's Revenue Growth
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Additionally, staff has provided the revenue information in a graph form. This demonstrates the continue growth in
General Fund revenues through the FY2008 budget year.
$600,000
$562,732
$538,987 28,402
$500.000 13,590
$462,561
$400,000 $425,252
$384,354 $398,132
$372,009
$344,358
$300'000 $323,854
$200,000
$100,000
$0
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Should you have additional questions, please contact Horatio Porter at 817-392-2379.
Dale A. Fisse)6r,, P.E.
City Manager
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS