1. Using the information that is listed below, prepare a revenue estimate and revenue projection for the City of Winkelman in FY 2014 and FY 2015 respectively. All of the changes to the FY 2015 budget are based on FY 2014 estimates. Hint: Complete each of the FY2014 estimates, based on FY 2013 actuals, prior to beginning the FY 2015 projection. Round all data to the nearest dollar amount since these are estimates

1.User fees in FY 2014 are expected to increase 5%. In FY 2015 the fee will increase 5% due to an increase in the number of street meters.

2. Franchise fees and permits are expected to increase 2% in FY 2014 and 1% in FY 2015 because of new development near the mall

3.Property tax collection have been quite stable. A modest 2% increase is expected in FY 2015 because of new development near the mall

4. Property tax collection have been quite stable. A modest 2% increase is expected in FY 2014 and a 3% increase in FY 2015. New alert: The new Kollipara subdivision will be completed in FY 2014. So, property tax receipts should increase an addition 1% in FY 2015 for a total of 4% in FY2015

5. Sales tax collections are also expected to increase 4% FY 2014 based on the expended business sector. It is expected to increase 11% in FY 2015

6.Utility fees/charge are expected are expected to decrease 5% each year

7. Impact fees remain unchanged

8. Intergovernmental transfers are expected to increase 4% in FY 2014 and 2% in FY 2015.

Here is the Chart to calculate the estimates.... apologize, I was not able to align the data horizontally,... If Whoever is assisting me, could help aign the data.... Thank you!!!

City of Winkelman

Revenue Estimate

FY 2014-FY 2015

Items

Property Taxes

User Fees

Franchise Fees

Permits

Ultity Fees

Intergovernmental Transfers

Sales Taxes

Impact Fees

FY 2013 (act)

$610,00.00

30,000.00

5,600.00

3,600.00

115,000.00

235,000.00

80,000.00

4,500.00

Storm Water Mgt 9,500.00

Total $1,014,000.00

FY 2014 (est.)

____________

FY 2015 (proj.)

____________