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Home My WebLink About(1) JULY FINANCIAL REPORTCITY OF PORT ARTHUR FINANCIAL REPORT JULY, 2002 PREPARED BY: THE FINANCE DEPARTMENT AUGUST 21, 2002 OSCAR G. ORTIZ, MAYOR THOMAS J. HENDERSON, MAYOR PRO-TEM COUNCIL MEMBERS: CRAIG HANNAH City of FELIX A. BARKER TOM GILLAM, III REV. RONNIE LINDEN BOB BOWERS ROSE MITCHELL CHAISSON M~CHAEL "SHANE" S~u[}~st 23, 2002 Steve Fitzgibbons, City Manager Mayor and Counc2members Texas STEPHEN FITZGIBBONS CITY MANAGER EVANGELINE "VAN" GREEN CITY SECRETARY MARK T. SOKOLOW CITY ATTORNEY I am pleased to present the financial report for the month ended July 31, 2002. This report covers the first ten months of the 2002 fiscal year. This report includes fiscal 2001 results of operations and estimates for the 2002 year end. The 2002 estimates continue to be under constant review and change during the budget process. RESULTS OF OPERATIONS Sales tax is up 2.8% for the year, and 6.5% for the month of July. Sales tax for the month is $21,000 more than last year, and for the year, sales tax exceeds last year to date by $104,000. This is no doubt the result of the increased activity and development in the City. Sales Tax is extremely volatile and difficult to predict. The entire state has seen significant declines in sales tax this year. Revenue in the Water and Sewer Fund continued to recover in July, but is still not meeting budget projections. Expenses remain in line to meet budget estimates. The Solid Waste Fund has experienced cost overruns, primarily for equipment repair, that have driven prelLminary expense projections over budget. T2~X REPORT The tax report reflects collections from the Jefferson Tax Office of $136,469. DISBURSEMENT REGISTER The disbursement register is presented to Council as is required. I appreciate the opportunity to present this information to you and look forward to your comments and questions. Rebecca UnderhJll Finance Director P.O. BOX 1089 · PORT ARTHUR, TEXAS 77641-1089 ° 409/983-8115 ° FAX 409/983-8291 0 0 '~'o 0 0 I'll 0 ~ o o ~ o o o ,I g o c3 rn o, c City of Port Arthur Taxes collected for July, 2002 Pursuant to Section 31.10 of Texas Property Tax Code, the attached report of taxes, penalty and interest collected through the month of July, 2002. Collected by Jefferson County Tax Assessor-Collector Collected by Orange County Tax Assessor-Collector Collected by Finance Department $ 136,468.97 $ 136,468.97 July Less YTD Amount Percentage 2002 Collections Refunds Collections Budgeted YTD Current $ 92,409.10 $ $ 8,477,130.23 $ $8,677,450 97.69% Delinquent 17,382.34 368.44 198,468.92 200,000 99.23% P & I 24,731.05 350.05 172,873.70 220,000 78.58% Other 2,664.97 2,664.97 25,000 10.66% Total $ 137,187.46 $ 718.49 $ 8,851,137.82 $ 9,122,450 97.03% This report shows that $ 8,851,137.82 or 97.03% of the amount budgeted from property tax sources has been collected through July, 2002. Five Year Collection History, -- Property, Taxes Tax Ju~ Less YTD Amount Percentage Year Collections Refund Collections Budgeted YTD 2001 $ 137,187.46 $ 718.49 $ 8,851,137.82 $ 9,122,450 97.03% 2000 109,031.63 275.13 8,767,273.97 8,929,780 98.18% 1999 100,028.69 494.56 8,522,573.47 8,510,744 100.14% 1998 85,721.84 286.21 8,564,516.19 8,818,000 97.13% 1997 79,906.62 562.46 7,080,433.37 7,328,530 96.61% Five Year Collection History -- Industrial District Payments July Less YTD Amount Percentage Industrial Collections Refund Collections Budgeted YTD 2001 $ $ - $ 13,573,972.51 13,330,295 101.83% 2000 12,503,377.90 12,501,404 100.02% 1999 216,672.50 12,518,019.05 12,547,569 99.76% 1998 341,672.50 11,897,845.37 11,632,142 102.28% 1997 12,362,765.98 13,385,850 92.36% CHeF DEPtM'y MIRIAM K. JOHNSON TAX A$$F~$OR-COLLECTOR /~F~I~ON COUNTY COURTHOUSE P. O. BOX 2112 BEAUMONT. TF.~L~ 77704 409-~35-$516 FAX 409-835-8589 STATE OF TEXAS COUNTY OF JEFFERSON I, Miriam K. Johnson, the Tax Assessor-Collector of Jefferson County, Texas, and also, by contract or statute, the Tax Assessor-Collector for CITY OF PORT ARTHUR affirm, under oath, that this amount $136,468.97 , represents all taxes collected for CITY OF PORT ARTHUR during the month of July, 2002. M~-m Ki J~)h~nson ' , CITY OF PORT ARTHUR RECONCILIATION OF DISBURSEMENTS TO COLLECTIONS FOR JULY 2002 VOUCHERS ISSUED Date Voucher # Current Delinquent Amount Amount 7/1/02 095297 $12,164.84 7/1/02 095298 $1,560.01 7/2/02 095366 $60,081.38 7/2/02 095367 $829.26 7/5/02 095390 $4,763.02 7/5/02 095391 $1,269.77 7/8/02 095409 $1,066.01 7/8/02 095410 $1,446.21 7/9/02 095435 $526.81 7/9/02 095436 $6,257.62 7/15/02 095458 $4,151.74 7/15/02 095459 $2,706.91 7/1 5/02 095487 $2,664.97 7/17/02 095498 $5,965.23 7/17/02 095499 $1,459.09 7/19/02 095509 $4,727.05 7/19/02 095510 $2,046.25 7/22/02 095527 $3,157.45 7/22/02 095528 $910.26 7/24/02 095569 $4,207,55 7/24/02 095570 $2,909.10 7/26/02 095602 $4,478.57 7/25/02 095603 $613.66 7/29/02 095619 $2,367.68 7/29/02 095620 $1,547.73 7/31/02 095654 $5,776.91 7/31/02 095655 $2,751.99 PRIOR MONTH COLLECTIONS TO BE DISBURSED Current Disbursements Delinquent Disbursement LESS TOTAL DISBURSEMENTS Current Collections Delinquent Collection ~116,099.21 $109,589.05 $26,307.86 $26,879.92 $13,724.85 $142,407.07 PLUS TOTAL COLLECTIONS SUBTOTAL ADJUSTMENTS Current Adjustments Delinquent Adjustments PLUS TOTAL DISSURSEMENT ADJUSTMENTS TOTAL FUNDS TO BE DISBURSED $0.00 $0.00 $136,468.97 $7,786.75 $0.00 $7,786.75 CITY OF PORT ARTHUR REPORT OF COLLECTIONS FOR JULY 2002 CURRENT COLLECTIONS FOR TAX YEAR 2001 Real Raw Tax Collections Personal Raw Tax Collections TOTAL RAW TAX COLLECTIONS Real Raw Tax Refunds Personal Raw Tax Refunds LESS TOTAL RAW TAX REFUNDS Real Supplemental Refunds Personal Supplemental Refunds LESS TOTAL SUPP REFUNDS NET RAW TAX COLLECTIONS Real P & I on Raw Tax Collections Personal P & I on Raw Tax Collections TOTAL P & I ON COLLECTIONS Real P & I on Raw Tax Refunds Personal P & I on Raw Tax Refunds LESS P & 1 ON RAW TAX REFUNDS $44,573.42 $47,835.68 $92,409.10 $o. oo $0.00 $0.O0 $o.oo $o.oo $0.00 $7,228.02 $7,286.96 $14,514.98 $0.00 $0.00 $0.00 $0.00 $0.00 $92,409.10 Real P & I on Supplemental Refunds Personal P & I on Supplemental Refunds LESS P & I ON SUPP REFUNDS $0.00 NET PENALTY & INTEREST NET COLLECTED Add Back Refunds Reimbursed Separately by Entity NET DOLLARS COLLECTED MISCELLANEOUS IN LIEU OF TAX COLLECTIONS OTHER TAX REVENUE TOTAL OTHER TAX COLLECTED TOTAL DOLLARS COLLECTED FOR CURRENT AND OTHER COLLECTIONS LESS TIF COLLECTIONS MANUAL ADJUSTMENTS TOTAL CURRENT COLLECTIONS $0.00 $2,664.97 $0.00 $14,514.98 $106,924.08 $0.00 $106,924,08 $2,664.97 $109,589.05 $0.00 $0.00 $109,589.05 CITY OF PORT ARTHUR REPORT OF COLLECTIONS FOR JULY 2002 DELINQUENT COLLECTIONS FOR TAX YEAR 2001 Real Raw Tax Collections $16,399.19 Personal Raw Tax Collections $983.15 TOTAL RAW TAX COLLECTIONS Real Raw Tax Refunds $368.44 Personal Raw Tax Refunds $0.00 LESS TOTAL RAW TAX REFUNDS Real Supplemental Refunds $0.00 Personal Supplemental Refunds $0.O0 LESS TOTAL SUPP REFUNDS NET RAW TAX COLLECTIONS Real P & 1 on Raw Tax Collections $9,925.23 Personal P & I on Raw Tax Collections $290.84 TOTAL P & I ON COLLECTIONS Real P & I on Raw Tax Refunds $350.05 Personal P & I on Raw Tax Refunds $0.00 LESS P & I ON RAW TAX REFUNDS Real P & I on Supplemental Refunds $0.00 Personal P & I on Supplemental Refunds $0.00 LESS P & I ON SUPP REFUNDS NET PENALTY & INTEREST NET COLLECTED Add Back Refunds Reimbursed Separately by Entity NET DOLLARS COLLECTED $17,382.34 $368.44 $0.00 $10,216.07 $350.05 $0.00 MISCELLANEOUS IN LIEU OFTAX COLLECTIONS OTHER TAX REVENUE TOTAL OTHER TAX COLLECTED $0.00 $0.00 $0.00 TOTAL DOLLARS COLLECTED FOR DELINQUENT AND OTHER COLLECTIONS LESS TIF COLLECTIONS MANUAL ADJUSTMENTS TOTAL DELINQUENT COLLECTIONS $17,013.90 $9,866.02 $26,879.92 $o.oo $26,879.92 $0.00 $26,879.92 $0.00 $0.00 $26,879.92 TOTAL CURRENT AND DELINQUENT COLLECTIONS $136,468.97 CITY OFPORTARTHUR CURRENT TAX RECEIVABLE UPDATE FORJULY2002-TAX YEAR2001 BEGINNING RECEIVABLE Supp Levy Increase(Decrease) REVISED TAX RECEIVABLE REAL PERSONAL TOTAL $458,545.66 $141,340.83 $599,886.49 $o.00 $0.o0 $0.00 $458,545.66 $141,340.83 $599,886.49 Levy (Lost)Gain Levy Legally Uncollectable ADJUSTED TAX RECEIVABLE Current Collections Less Regular Refunds Less Supplemental Refunds NET CURRENT COLLECTIONS $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $458,545.66 $141,340.83 $599,886.49 $44,573.42 $47,835,68 $92,409.10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $44,573.42 $47,835.68 $92,409.10 Plus Overpayments Less Double Pay-Refunds ENDING CURRENT TAX RECEIVABLE $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $413,972.24 $93,505.15 $507,477.39 CITY OF PORT ARTHUR YEAR-TO-DATE TAX RECEIVABLE AS OF JULY 2002 FOR CURRENT TAX YEAR 2001 BEGINNING RECEIVABLE Supp Levy Increase(Decrease) REVISED TAX RECEIVABLE Levy (Lost)Gain Levy Legally Uncollectable ADJUSTED TAX RECEIVABLE Current Collections Less Regular Refunds Less Supplemental Refunds NET CURRENT COLLECTIONS REAL PERSONAL TOTAL $5,683,947.83 $2,372,913.94 $8,056,861.77 ($22,061.27) $14,107.39 ($7,953.88) $5,661,886.56 $2,387,021.33 $8,048,907.89 $0.00 ($388.41) ($388.41) $0.00 $0.00 $0,00 $5,661,886.56 $2,386,632.92 $8,048,519.48 $5,314,651.52 $2,298,474.51 $7,613,126.03 $54,348.13 $5,346.74 $59,694.87 $12,389.07 $0.00 $12,389.07 $5,247,914.32 $2,293,127.77 $7,541,042.09 Plus Overpayments Less Double Pay-Refunds ENDING CURRENT TAX RECEIVABLE PERCENTAGE OF RECEIVABLE TO DATE $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $413,972.24 $93,505.15 $507,477.39 92.69% 96.08% 93.69% CITY OF PORT ARTHUR DELINQUENT TAX RECEIVABLE UPDATE FOR JULY 2002 - TAX YEAR 2001 BEGINNING RECEIVABLE Supp Levy Increase(Decrease) REVISED TAX RECEIVABLE REAL PERSONAL TOTAL $1,449,788.79 $584,379.91 $2,034,168.70 $0.00 $0.00 $0.00 $1,449,788.79 $584,379.91 $2,034,168.70 Levy (Lost)Gain Levy Legally Uncollectable ADJUSTED TAX RECEIVABLE Delinquent Collections Less Regular Refunds Less Supplemental Refunds NET DELINQUENT COLLECTIONS $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1,449,788.79 $584,379.91 $2,034,168.70 $16,399.19 $983.15 $17,382.34 $368.44 $0.00 $368.44 $0.00 $0.00 $0.00 $16,030.75 $983.15 $17,013.90 Plus Overpayments Less Double Pay-Refunds ENDING DELINQUENT TAX RECEIVABLE $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1,433,758.04 $583,396.76 $2,017,154.80 CITY OF PORT ARTHUR YEAR-TO-DATE TAX RECEIVABLE AS OF JULY 2002 FOR DELINQUENT TAX YEARS - TAX YEAR 2001 REAL PERSONAL TOTAL BEGINNING RECEIVABLE Supp Levy increase(Decrease) REVISED TAX RECEIVABLE Levy (Lost)Gain Levy Legally Uncollectable ADJUSTED TAX RECEIVABLE Delinquent Collections Less Regular Refunds Less Supplemental Refunds NET DELINQUENT COLLECTIONS Plus Overpayments Less Double Pay-Refunds ENDING DELINQUENT TAX RECEIVABLE PERCENTAGE OF RECEIVABLE TO DATE $1,707,669.78 $701,775.24 $2,409,445.02 ($20,544.91) ($5,360.23) ($25,905.14) $1,687,124.87 $696,415.01 $2,383,539.88 ($56,217.45) $0,00 ($56,217.45) ($19,222,90) ($92,475.81) ($111,698.71) $1,611,684.52 $603,939.20 $2,215,623.72 $196,935.91 $20,981.10 $217,917.01 $782.51 $0.00 $782.51 $18,226.92 $438.66 $18,665.58 $177,926.48 $20,542.44 $198,468.92 $o.oo $o.oo $o.oo $o.oo $o.oo $o.oo $1,433,758.04 $583,396.76 $2,017,154.80 11.04% 3.40% 8.96% ooooooooooooooooooooooooooooooooooooooooooooooooooo ~ooooooooooooooooooooooooooooooooooooooooo~oooooooo ooooooooooooooooooooooooo~oooooooooooooooooooooooo 0 ooooooooooooooooooooooooooooooooooooooooooooooooooo ooooooooooooooooooooooooooooooooooooooooooooooooooo o~ ~ooooooooooooooooooooo~