HomeMy WebLinkAbout(4) 2002 OCT. FINANCIAL REPORTOSCAR G. ORTIZ, MAYOR
THOMAS J, HENDERSON, MAYOR PRO-TEM
COUNCIL MEMBERS:
CRAIG HANNAH
FELIX A. BARKER
TOM GILLAM, III
REV. RONNIE LINDEN
BOB BOWERS
ROSE MITCHELL CHAISSON
MICHAEL "SHANE" SlNEGAL
C~ty of
Texas
STEPHEN FITZGIBBONS
CITY MANAGER
EVANGELINE "VAN" GREEN
CITY SECRETARY
MARK T. SOKOLOW
CITY ATTORNEY
December 19, 2002
Steve Fitzgibbons, City Manager
Mayor and Councilmembers
I am pleased to present the financial report for the month ended October 31, 2002. This is
the first month of the new fiscal year, and the report includes preliminary est/mates for the
beginning fund balances for all funds.
RESULTS OF OPERATIONS
Most of the Industrial Revenue was received in October in the General Fund. The
remaining payments will be received in September. Property Tax revenue will increase in the
months of December and January. Ail of the funds are performing as expected for the first
month of the year.
INVESTMENT REPORT
The monthly investment report reflects that the City complied with adopted investment
policies and that the total $53.8 million portfolio, which includes EDC and bond funds,
earned interest of $85,781.04 for the month.
TAX REPORT
The tax report reflects collections from the Jefferson Tax Office of $140,252, Orange
County Tax Office of $223.05, and industrial collections by the Finance Department of
$10,982,775, for total collections of $10,982,775.
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 Underkill
Finance Director
RO. BOX 1089 · PORT ARTHUR, TEXAS 77641-1089 · 409/9834115 · FAX 409/983-8291
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City of Port Arthur
Taxes collected for October, 2002
Pursuant to Section 31.10 of Texas Property Tax Code, the attached report of taxes, penalty and
interest collected through the month of October, 2002.
Collected by Jefferson County Tax Assessor-Collector
Collected by Orange County Tax Assessor-Collector
Collected by Finance Department
$ 140,252.44
223.05
10,842,300.00
$ 10,982,775.49
October Less YTD Amount Percentage
2003 Collections Refunds Collections Budgeted YTD
Current $ 93,924.84 $ 11.24 $ 93,913.60 $ $9,019,639 1.04%
Delinquent 35,227.30 302.22 34,925.08 195,000 17.91%
P & I 11,694.22 57.41 11,636.81 220,000 5.29%
Other 25,000
Total $ 140,846.36 $ 370.87 $ 140,475.49 $ 9,459,639 1.48%
This report shows that $140,475.49 or 1.48% of the amount budgeted from property tax sources and
$10,842,300.00 of budgeted industrial revenue has been collected through October, 2002.
Five Year Collection History. -- Property. Taxes
Tax October Less YTD Amount
Year Collections Refund Collections Budgeted
2002 $ 140,846.36 $ 370.87 $ 140,475.49 $ 9,459,639
2001 226,965.94 195.64 226,770.30 9,122,450
2000 232,747.06 83.16 232,663.90 8,929,780
1999 166,496.25 166,496.25 8,510,744
1998 211,909.12 77.56 211,831.56 8,212,200
Percentage
YTD
1.48%
2.49%
2.61%
1.96%
2.58%
Five Year Collection History -- Industrial District Payments
October Less YTD Amount
Industrial Collections Refund Collections Budgeted
2002 $ 10,842,300.00 $ - $ 10,842,300.00 13,318,973
2001 13,530,800.00 13,530,800.00 13,330,295
2000 12,161,705.40 12,161,705.40 12,501,404
1999 12,301,346.55 12,301,346.55 12,547,569
1998 11,556,172.87 77.56 11,897,845.37 11,632,142
Percentage
YTD
81.40%
101.50%
97.28%
98.04%
102.28%
MIRIAM K. JOHNSON
TAX ASSESSOR-COLLECTOR
/EFFERSON COUNT~ COURTHOUSE
P. O. BOX 2112 BEAUMONT, TI/XAS 77704
STATE OF TEXAS
COUNTY OF JEFFERSON
I, Miff.am 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 $140,252.44
CITY OF PORT ARTHUR
October, 2002.
, represeuts ail taxes collected for
during the lnonth of
CITY OF PORT ARTHUR
RECONCILIATION OF DISBURSEMENTS TO COLLECTIONS
FOR OCTOBER 2002
VOUCHERS ISSUED
Date Voucher # Current Delinquent
Amount Amount
10/1/02 096247 $4,243.15
10/1/02 096248 $2,855.30
10/7/02 096293 $1,930.40
10/10/02 096314 $6,455.80
10/14/02 096327 $4,331.49
10/16/02 096343 $160.51
10/16/02 096344 $6,761.53
10/21/02 096367 $1,614.38
10/21/02 096368 $5,443.56
10/23/02 096419 $2,067.09
10/23/02 096420 $4,313.15
10/24/02 096428 $6,744.52
10/24/02 096429 $2,852.36
10/25/02 096455 $19,928.06
10/25/02 096456 $2,108.46
10/29/02 096496 $13,207.30
10/29/02 096497 $1,450.75
10/30/02 096544 $30,660.97
10/30/02 096545 $4,728.59
10/31/02 096560 $11,155.45
10/31/02 096561 $2,155.47
PRIOR MONTH COLLECTIONS TO BE DISBURSED
Current Disbursements $89,781.43
Delinquent Disbursement
LESS TOTAL DISBURSEMENTS
Current Collections $93,690.55
Delinquent Collection
PLUS TOTAL COLLECTIONS
SUBTOTAL
ADJUSTMENTS
Current Adjustments $0.00
Delinquent Adjustments
$45,386.86
$46,561.89
$7,098.45
$135,168.29
$140,252.44
$12,182.60
$0.00
PLUS TOTAL DISBURSEMENT ADJUSTMENTS $0.00
TOTAL FUNDS TO BE DISBURSED $12,182.60
CITY OF PORT ARTHUR
REPORT OF COLLECTIONS FOR OCTOBER 2002
CURRENT COLLECTIONS FOR TAX YEAR 2002
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 & I ON RAW TAX REFUNDS
$90,542.34
$3,159.45
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$93,701.79
$11.24
$0.00
$0.00
$0.00
$93,690.55
Real P & I on Supplemental Refunds
Personal P & I on Supplemental Refunds
LESS P & I ON SUPP REFUNDS
$0.00
$0.00
$0.00
NET PENALTY&INTEREST
NET COLLECTED
Add BackRefunds ReimbumedSepamtelybyEntity
NET DOLLARS COLLECTED
MISCELLANEOUS
IN LIEU OFTAX COLLECTIONS
OTHER TAX REVENUE
TOTAL OTHER TAX COLLECTED
$0.00
$0.00
$0.00
$0.00
$93,690.55
$0.00
TOTAL DOLLARS COLLECTED FOR CURRENT AND OTHER ;OLLECTIONS
LESS TIF COLLECTIONS
MANUAL ADJUSTMENTS
$93,690.55
$0.00
$93,690.55
$o.oo
$o,oo
TOTAL CURRENT COLLECTIONS $93,690.55
CITY OF PORT ARTHUR
REPORT OF COLLECTIONS FOR OCTOBER 2002
DELINQUENT COLLECTIONS FOR TAX YEAR 2002
Real Raw Tax Collections $33,323.07
Pemonal Raw Tax Collections $1,904.23
TOTAL RAW TAX COLLECTIONS
Reai Raw Tax Refunds $302.22
Personal Raw Tax Refunds $0.00
LESS TOTAL RAW TAX REFUNDS
Real Supplemental Refunds $0.00
Personal Supplemental Refunds $0.00
LESS TOTAL SUPP REFUNDS
NET RAW TAX COLLECTIONS
Real P & I on Raw Tax Collections $11,193.60
Personal P & [ on Raw Tax Collections $500.62
TOTAL P & I ON COLLECTIONS
Resl P & I on Raw Tax Refunds $57.41
Personsl 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
$35,227,30
$302,22
$0.00
$11,694.22
$57.41
$0.00
$34,925.08
$11,636.81
$46,561.89
$o.oo
MISCELLANEOUS
IN LIEU OF TAX 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
TOTAL CURRENT AND DELINQUENT COLLECTIONS
$46,561.89
$0.00
$46,561.89
$0.00
$0.00
$46,561.89
$140,252.44
CITY OF PORT ARTHUR
CURRENT TAX RECEIVABLE UPDATE
FOR OCTOBER 2002 - TAX YEAR 2002
BEGINNING RECEIVABLE
Supp Levy increase(Decrease)
REVISED TAX RECEIVABLE
REAL PERSONAL TOTAL
$5,891,019.80 $2,332,291.37 $8,~'.23,311.17
$0.00 $0.00 $0.00
$5,891,019.80 $2,332,291.37 $8,7!23,311.17
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
$5,891,019.80 $2,332,291.37 $8,223,311.17
$90,542,34 $3,159.45 S93,701,79
$11.24 $0.00 $11.24
$0.00 $0.00 $0.00
$90,531.10 $3,159.45 $93,690.55
Plus Overpayments
Less Double Pay-Refunds
ENDING CURRENT TAX RECEIVABLE
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00
$5,800,488.70 $2,329,131.92 $8,129,620.62
CITY OF PORT ARTHUR
YEAR-TO-DATE TAX RECEIVABLE AS OF OCTOBER 2002
FOR CURRENT TAX YEAR 2002
BEGINNING RECEIVABLE
Supp Levy Increase(Decrease)
REVISED TAX RECEIVABLE
REAL PERSONAL TOTAL
$5,891,019.80 $2,332,291.37 $8,223,311.17
$0.00 $0.00 $0.00
$5,891,019.80 $2,332,291.37 $8,223,311.17
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
$5,891,019.80 $2,332,291.37 $8,223,311.17
$90,542.34 $3,159.45 $93,701.79
$11.24 $0.00 $11.24
$0.00 $0.00 $0.00
$90,531.10 $3,159,45 $93,690,55
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
$5,800,488.70 $2,329,131.92 $8,129,620.62
1.54% 0.14% 1.14%
CITY OF PORT ARTHUR
DELINQUENT TAX RECEIVABLE UPDATE
FOR OCTOBER 2002 - TAX YEAR 2002
BEGINNING RECEIVABLE
Supp Levy increase(Decrease)
REVISED TAX RECEIVABLE
REAL PERSONAL
TOTAL
$1,782,941.48 $667,889.98 $2,450,831.46
$0.00 $0.00 $0.00
$1,782,941.48 $667,889.98 $2,450,831.46
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
$1,782,941.48 $667,889.98 $2,450,831.46
$33,323.07 $1,904.23 $35,227.30
$302.22 $0.00 $302.22
$0.00 $0.00 $0.00
$33,020.85 $1,904.23 $34,925.08
Plus Overpayments
Less Double Pay-Refunds
ENDING DELINQUENT TAX RECEIVABLE
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00
$1,749,920.63 $665,985.75 $2,415,906.38
CITY OF PORT ARTHUR
YEAR-TO-DATE TAX RECEIVABLE AS OF OCTOBER 2002
FOR DELINQUENT TAX YEARS - TAX YEAR 2002
REAL PERSONAL TOTAL
BEGINNING RECEIVABLE
Supp Levy Increase(Decrease)
REVISED TAX RECEIVABLE
$1,782,941.48 $667,889.98 $2,450,831.46
$0.00 $0,00 $0.00
$1,782,941.48 $667,889.98 $2,450,831.46
Levy (Lost)Gain
Levy Legally Uncollectable
ADJUSTED TAX RECEIVABLE
$0.00 $0.00 $0,00
$0.00 $0.00 $0.00
$1,782,941.48 $667,889.98 $2,450,861.46
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
$33,323.07 $1,904.23 $35,227.30
$302.22 $0.00 $302.22
$0.00 $0.00 $o.oo
$33,0~0.85 $1,904.23 $34,925.08
$o.oo $0.00 $o.oo
$0.o0 $0.00 $0.oo
$1,749,920,63 $665,985.75 $2,415,906.38
1.85% 0.29% 1.43%
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