Using the information that is listed below, prepare a revenue estimate and revenue projection for Jefferson City in FY 2018 and FY 2019 respectively. All of the changes to the FY 2019 budget are based on FY 2018 estimates. Hint: Complete each of the FY 2018 estimates, based on FY 2017 actuals, prior to beginning the FY 2019 projections. Round all data to the nearest dollar amount since these are estimates.

User fees in FY 2018 are expected to increase 5%. In FY 2019 the fee will increase 5% due to an increase in the number of street meters.

Franchise fees and permits are expected to increase 2% in FY 2018 and 1% in FY 2019 because of new development near the mall.

Property tax collections have been quite stable. A modest 2% increase is expected in FY 2018 and a 3% increase in FY 2019. News alert: The new Kollipara subdivision will be completed in FY 2018. So, property tax receipts should increase an additional 1% in FY 2019 for a total of 4% in FY 2019.

Sales tax collections are also expected to increase 4% FY 2018 based on the expanded business sector. It is expected to increase 11% in FY 2019.

Utility fees/charges are expected to decrease 5% in FY 2018 and 5% in FY 2019. Storm water management is expected to increase by 5% each year.

Impact fees remain unchanged.

Intergovernmental transfers are expected to increase 4% in FY 2018 and 2% in FY 2019.

item	FY2017
Property Taxes	710000
User Fees	30000
Franchise Fees	5600
Permits	3600
Utility Fees	115000
Intergover. Transfers	255000
Sales Taxes	180000
Impact Fees	4500
Storm Water Mgt.	9500
TOTAL	$1,313,200.00