City Governement Budget Analysis Newport Term Paper

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The Property Taxes revenues' evolution is: for 2001-2002: $33,583,659; for 2002-2003: $39,474,865; for 2003-2004: $43,631,829; for 2004-2005: $56,254,917; for 2005-2006: $61,055,240; the proposed revenue for 2006-2007 is $67,102,454, with a 9.9% increase.

The Licenses and Permits revenues' evolution is: for 2001-2002: $1,956,365; for 2002-2003: $2,305,118; for 2003-2004: $3,483,020; for 2004-2005: $3,061,667; for 2005-2006: $3,027,345; the proposed revenue for 2006-2007 is $2,819,900 with a 6.85% decrease.

The Intergovernmental revenues' evolution is: for 2001-2002: $7,253,139; for 2002-2003: $6,035,742; for 2003-2004: $6,014,233; for 2004-2005: $4,266,673; for 2005-2006: $3,965,291; the proposed revenue level for 2006-2007 is 2,488,100 with a 37.25% decrease.

The Charges for current services revues' evolution is: for 2001-2002: $10,318,366; for 2002-2003: $11,099,872; for 2003-2004: $11,899,279; for 2004-2005: $13,063,134; for 2005-2006: $12,601,949; the proposed revenue level for 2006-2007 is $13,211,561 with a 4.84% increase.

The Fines, Forfeitures and Penalties revenues' evolution is: for 2001-2002: $3,252,387; for 2002-2003: $3,380,531; for 2003-2004: $3,551,515; for 2004-2005: $3,422,735; for 2005-2006: $3,397,000; the proposed revenue level for 2006-2007 is 3,567,500 with a 5.02% increase.

The Taxes other than property revenues' evolution is: for 2001-2002: $31,876,781; for 2002-2003: $32,985,528; for 2003-2004: $35,790,936; for 2004-2005: $34,993,699; for 2005-2006: $37,168,230; the proposed revenue level for 2006-2007 is $38,660,853 with a 4.02% increase.

The Use of Money and Property revenues' evolution is: for 2001-2002: $7,232,430; for 2002-2003: $7,328,014; for 2003-2004: $6,397,127; for 2004-2005: $7,093,909; for 2005-2006: $7,779,954; the proposed revenue level for 2006-2007 is $8,181,010 with a 5.15% increase.

And finally, other revenues' evolution is: for 2001-2002: $1,212,707; for 2002-2003: $1,173,647; for 2003-2004: $216,898; for 2004-2005: $1,138,281; for 2005-2006: $1,159,523; for 2006-2007 the proposed revenue level is $418,142 with a 63.94% decrease.

In conclusion, the data presented above shows the constant growth of the Total General Fund for the past five fiscal years. The only revenues sources that show important decreases are Licenses and Permits, Intergovernmental and Other revenue categories. The highest level of growth is represented by the 9.9% increase of the Property Taxes revenues.

The evolution of the most important funds, other than the General Fund, is presented bellow:

The Total Asset Forfeiture Fund's evolution: for 2001-2002: $74,401; for 2002-2003: $61,351; for 2003-2004: $61,290; for 2004-2005: $237,221; for 2005-2006: $70,000; the proposed revenue level for 2006-2007 is $45,000 with a 35.71% decrease.

The Total State Gas Tax Fund's evolution: for 2001-2002: $1,482,214; for 2002-2003: $1,499,250; for 2003-2004: $1,505,531; for 2004-2005: $1,565,938; for 2005-2006: $1,948,823; the proposed revenue level for 2006-2007 is $1,947,500 with a 0.07% decrease.

The Total Circulation and Trans Fund's evolution: for 2001-2002: $366,697; for 2002-2003: $1,104,538; for 2003-2004: $708,631; for 2004-2005: $499,397; for 2005-2006: $511,717; the proposed revenue level for 2006-2007 is $448,000 with a 12.45% decrease.

The Total Water Enterprise Fund's evolution: for 2001-2002: $17,809; for 2002-2003: $17,326,604; for 2003-2004: $18,321,123; for 2004-2005: $17,878,017; for 2006-2006: $19,172,466; the proposed revenue level for 2006-2007 is $17,929,000 with a 6.49% decrease.

We observe that each of these funds is decreasing.

When linking these revenue levels to demographic characteristics, we observe that the increase by 9.9% of the Property Taxes revenue shows that more people own their houses than they did the previous years.

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These revenues are used for the covering the city's expenditures, such as: General Government expenditures (City Council, City Clerk, City Manager, Human Resources, City Attorney, Administrative Services), Public Safety (Police Department, Fire Department), Community Development (City Manager, Planning, Building), Public Works (General Services, Public Works, Utilities), Community Services (City Council - Centennial, Recreation and Sr. Services, Libraries and Arts). These kinds of expenditures are financed from the General Fund. Other expenditures, such as Water (Operations, CIP and Debt Service) and Wastewater (Operations, CIP) are financed through Enterprise Funds. The Internal Service Funds finances expenditures like: Insurance Reserve, Equipment Fund, PD Equipment Replacement, Compensated Absences, Retiree Medical. Other funds finance expenditures like: Police Grants, Tidelands (Harbor Resources, Oil and Gas, Debt Service), Environmental Liability, Newport Annexation and Library.

The evolution of the city's most important expenditures for the past five fiscal years and the projection for fiscal year 2006-2007 is presented below:

The expenditures' evolution for Total General Government is: for 2001-2002: $10,484,529; for 2002-2003: $9,689,276; for 2003-2004: $10,740,106; for 2004-2005: $10,039,069; for 2005-2006: $12,496,775; the proposed expenditures level for 2006-2007 is $13,682,487 with a 7.94% increase.

The City Council's expenditures' evolution is: for 2001-2002: $2,805,143; for 2002-2003: $1,327,729; for 2003-2004: $973,213; for 2004-2005: $710,786; for 2005-2006: $1,498,014; the proposed expenditures level or 2006-2007 is $1,779,011 with a 0.95% increase.

The City Clerk's expenditures' evolution is: for 2001-2002: $263,000; for 2002-2003: $355,940; for 2003-2004: $294,781; for 2004-2005: $375,456; for 2005-2006: $372,688; the proposed expenditures level for 2006-2007 is $493,009 with a 0.24% increase.

The City Manager's expenditures' evolution is: for 2001-2002: $842,723; for 2002-2003: $994,278; for 2003-2004: $1,956,574; for 2004-2005: $1,038,657; for 2005-2006: $1,776,626; the proposed expenditures level for 2006-2007 is $1,176,166 with a 1.13% increase.

The Human Resources' expenditures' evolution is: for 2001-2002: $1,174,414; for 2002-2003: $1,146,646; for 2003-2004: $1,165,004; for 2004-2005: $1,288,208; for 2005-2006: $1,372,136; the proposed expenditures level for 2006-2007 is $1,650,620 with a 0.87% increase.

The City Attorney's expenditures' evolution is: for 2001-2002: $688,672; for 2002-2003: $868,117; for 2003-2004: $1,071,588; for 2004-2005: $970,473; for 2005-2006: $994,041; the proposed expenditures level for 2006-2007 is $1,051,480 with a 0.63% increase.

The Administrative Services' expenditures evolution is: for 2001-2002: $4,710,577; for 2002-2003: $4,996,566; for 2003-2004: $5,278,946; for 2004-2005: $5,655,488; for 2005-2006: $6,483,270; the proposed expenditures level for 2006-2007 is $7,531,501 with a 4.12% increase.

The data presented above shows that each of these categories of expenditures has slightly increased each year. However, the most spectacular increase is in the Administrative Services department, whose expenditures increased by 4.12%. The City Clerk's expenditures are the most constant ones, with only a 0.24% increase. Also, the expenditures have increased at a lower rate than the revenues have, which is a sign of a healthy economy and public management.

The Recreation Services expenditures have increased by 2.82% due to the youth's increase in the population's total. The Libraries and Arts expenditures have increased by 3.79%, which shows an increased interest among Newport Beach's inhabitants for culture, not only for entertainment. About half of Newport Beach's population has a degree and.....

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