HomeMy WebLinkAbout(3)NOV. 2002 FINANCIAL REPORTCITY OF PORT ARTHUR
FINANCIAL REPORT
NOVEMBER, 2002
PREPARED BY:
THE FINANCE DEPARTMENT
January 17, 2003
OSCAR G. ORTIZ, MAYOR
THOMAS J. HENDERSON, MAYOR PRO-TEM
COUNCIL MEMBERS:
CRAIG HANNAH
FELIX A. BARKER
TOM GILLAM, Ill
REV. RONNIE LINDEN
BOB BOWERS
ROSE MITCHELL CHAISSON
MICHAEL "SHANE' SINEGAL
City of
Texas
STEPHEN FITZGIBBONS
CITY MANAGER
EVANGELINE "VAN" GREEN
CITY SECRETARY
MARK T. SOKOLOW
CITY ATTORNEY
January 17, 2003
Steve Fitzgibbons, City Manager
Mayor and Counc~lrnembers
I am pleased to present the financial report for the month ended November 30, 2002. This
is the second month of the new fiscal year, and the report includes preliminary estimates for
the beginning fund balances for all funds. Final audited fund balances will be available soon.
RESULTS OF OPERATIONS
Through November, sales tax revenue is 7.4% ahead of the same period last year, an
increase of $56,000. Collection efforts have resulted in a surge in court fines revenue. We
are $52,000 ahead of the same period last year.
INVESTMENT REPORT
'The monthly investment report reflects that the City complied with adopted investment
policies and that the total $54.3 million portfolio, which includes EDC and bond funds,
earned interest of $81,059.05 for the month.
TAX REPORT
The tax report reflects collections from the Jefferson Tax Office of $449,186.
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.
/b~cerely,
Rebecca Underhill
Finance Director
RO. BOX 1089 · PORT ARTHUR, TEXAS 77641-1089 ° 409/983-8115 ° FAX 409/983-8291
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City of Port Arthur
Taxes collected for November, 2002
Pursuant to Section 31.10 of Texas Property Tax Code, the attached report of taxes, penalty and
interest collected through the month of November, 2002.
Collected by Jefferson County Tax Assessor-Collector
Collected by Orange County Tax Assessor~Collector
Collected by Finance Department
$ 449,185.90
$ 449,185.90
November Less YTD Amount ' Percentage
2003 Collections Refunds Collections Budgeted YTD
Current $ 408,841.79 $ 286.36 $ 502,469.03 $ $9,019,639 5.57%
Delinquent 31,33 ~.51 971.38 65,290.21 195,000 33.48%
P & I 10,715.17 449.83 21,902.15 220,000 9.96%
Other 25,000
Total $ 450,893.47 $ 1,707.57 $ 589,661.39 $ 9,459,639 6.23%
This report shows that $ 589,661.39 or 6.23% of the mount budgeted from property tax sources has been
collected through November, 2002.
Five Year Collection History -- Property Taxes
Tax November Less YTD Amount Percentage
Year Collections Refund Collections Budgeted YTD
2002 $ 450,893.47 $ 1,707.57 $ 589,661.39 $ 9,459,639 6.23%
2001 422,123.67 12.89 648,881.08 9,122,450 7.11%
2000 480,361.21 486.21 712,538.90 8,929,780 7.98%
1999 427,273.15 352.36 593,417.04 8,510,744 6.97%
1998 542,370.44 130.09 754,071.91 8,212,200 9.18%
Five Year Collection History -- Industrial District Payments
November Less YTD Amount Percentage
Industrial Collections Refund Collections Budgeted YTD
2002 $ 10,842,300.00 $ $ 10,842,300.00 13,318,973 81.40%
2001 13,530,800.00 13,530,800.00 13,330,295 101.50%
2000 12,161,705.40 12,161,705.40 12,501,404 97.28%
1999 12,301,346.55 12,301,346.55 12,547,569 98.04%
1998 11,556,172.87 77.56 11,897,845.37 11,632,142 102.28%
MIRIAM K. JOHNSON
TAX ASSESSOR-COLLECTOR
JEFFERSON COUNTY COURTHOUSE
P. O. BOX 2112 BEAUMONT, TBXAS 77704
409-835-8516 FAX 409-$35-8589
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
affirm, under oath, that this amount
CITY OF PORT ARTHUR
November, 2002.
CITY OF PORT ARTHUR
$449,185.90
, represents all taxes collected for
during the month of
Miris'm~K. Johnson
CITY OF PORT ARTHUR
RECONCILIATION OF DISBURSEMENTS TO COLLECTIONS
FOR NOVEMBER 2002
VOUCHERS ISSUED
Date Voucher #
11/1/02 096581
11/1/02 096582
11/4/02 096645
11/4/02 096646
11/5/02 096691
11/5/02 096692
11/6/03 096711
11/6/02 096712
11/7/02 096730
11/7/02 096731
11/8/02 096745
11/8/02 096746
11/12/02 096762
11/12/02 096763
11/13/02 096810
11/13/02 096811
11/14/02 096828
11/14/02 096829
11/15/02 096840
11/18/02 096868
11/18/02 096869
11/19/02 096908
11/19/02 096909
11/20/02 096923
11/20/02 096924
11/21/02 096938
11/21/02 096~)39
11/22J02 096948
1 !/22/02 096949
11/25/02 096965
11/25/02 096966
11/26/02 097024
11/26/02 097025
11/27/02 097039
11/27/02 097040
Current Delinquent
Amount Amount
$8,152.27
$4,030.33
$16,731.66
$3,055.17
$26,194.52
$3,512.47
$16,817.56
$3,045~59
$12,009.95
$1,171.51
$31,643.17
$2,688.56
$46,887.66
$2,397.33
$26,556.59
$7,167.42
$13,766.30
$2,241.90
$33,445.70
$22,051.96
$1,949.47
$50,134.01
$1,926.17
$14,614.20
$745.00
$11,015.47
$2;188.95
$5,961.14
$1,399.43
$20,650.44
$571.91
$20,779.49
$1,612.13
$22,915.84
$1,942.38
PRIOR MONTH COLLECTIONS TO BE DISBURSED
Cun'ent Disbursements $402,327.93
Delinquent Disbursement
LESS TOTAL DISBURSEMENTS
Current Collections $408,555.43
Delinquent Collection
PLUS TOTAL COLLECTIONS
SUBTOTAL
ADJUSTMENTS
Current Adjustments $0.00
Delinquent Adjustments
PLUS TOTAL DISBURSEMENT ADJUSTMENTS
TOTAL FUNDS TO BE DISBURSED
$41,645.82
$40,630.47
$0.00
$12,182.60
$443,973.75
$449,185.90
$17,394.75
$0.00
$17,394.75
Real Raw Tex 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 Refunde
LESS TOTAL SUPP REFUNDS
NET RAW TAX COLLECTIONS
Real P & [ 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 Retunds
LESS P & I ON RAW TAX REFUNDS
CITY OF PORT ARTHUR
REPORT OF COLLECTIONS FOR NOVEMBER 2002
CURRENT COLLECTIONS FOR TAX YEAR 2002
$299,419.03
$109,422.76
$286.36
$0.00
$0.00
$0.00
$408,841.79
$286.35
$0.00
$0.00
$o.oo
$0.00
$0.00
$0.00
$0.00
$408,555.43
Real P & I on Supplemental Refunds
Personal P & I on Supplemental Refunds
LESS P &l ON SUPP REFUNDS
$0.00
$0.00
$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
$o.oo
$o.oo
$0.00
$408,555.43
$o.oo
$408,555.43
$0.00
$408,555.43
$0.00
$0.00
$408,555.43
CITY OF PORT ARTHUR
REPORT OF COLLECTIONS FOR NOVEMBER 2002
DELINQUENT COLLECTIONS FOR TAX YEAR 2002
Real Raw Tax Collections $27,667.06
Personal Raw Tax Collections $3,669.45
TOTAL RAW TAX COLLECTIONS
Real Raw Tax Refunds $971.38
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 $9,781.21
Personal P & I on Raw Tax Collections $933.96
TOTAL P & I ON COLLECTIONS
Real P & I on Raw Tax Refunds $449.83
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 Re[unds Reimbursed Separately by Entity
NET DOLLARS COLLECTED
$31,336.51
$971.38
$0.00
$10,715.17
$449.83
$0.00
MISCELLANEOUS
INLIEU 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
$30,365.13
$10,265.34
$40,630.47
$0.00
$40,630.47
$0.00
$40,630.47
$0.00
$0.00
$40,630.47
TOTAL CURRENT AND DELINQUENT COLLECTIONS $449,185.90
CITY OF PORT ARTHUR
C~RRENT TAX RECEIVABLE UPDATE
FOR NOVEMBER 2002 - TAX YEAR 2002
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
$5,800,488.70 $2,329,131.92 $8,129,620.62
$0.00 $0.00 $0.00
$5,800,488.70 $2,329,131.92 $8,129,620.62
$o.oo $o.oo $0.oo
$0.00 $0.00 $0.00
$5,800,488.70 $2,329,131.92 $8,129,620.62
$299,419.03 $109,422.76 $408,841.79
$286.36 $0.00 $286.36
$0.00 $0.00 $0.00
$299,132.67 $109,422.76 $408,555.43
Plus Overpayments
Less Double Pay-Refunds
ENDING CURRENT TAX RECEIVABLE
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00
$5,501,356,03 $2,219,709.16 $~,721,065.19
CITY OF PORT ARTHUR
YEAR-TO-DATE TAX RECEIVABLE AS OF NOVEMBER 2002
FOR CURRENT TAX YEAR 2002
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
$5,891,019.80 $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
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00
$5,891,0t 9.80 $2,332,291.37 $8,223,311.17
6389,961.37 $112,582.21 $502,543.58
$297.60 $0.00 $297.60
$0.00 $0.00 $0.00
S389,663.77 $112,582.21 $502,245,98
Plus Overpayments
Less Double Pay-Refunds
ENDING CURRENT TAX RECEIVABLE
PERCENTAGE OF RECEIVABLE TO BATE
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00
$5,501,356.03 $2,219,709.16 $7,721,065.19
6.61% 4.83% 6.11%
CITY OF PORT ARTHUR
DELII~IQUENT TAX RECEIVABLE UPDATE
FOR NOVEMBER 2002 - TAX YEAR 2002
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 DELINQtJENT COLLECTIONS
REAL PERSONAL
TOTAL
$1,749,920.63 $665,985.75 $2,415,906.38
$0.00 $0.00 $0,00
$1,749,920.63 $665,985:75 $2,415,906.38
$0.00 $0,00 $0.00
$0.00 $0.00 $0.00
$1,749,920.63 $665,985.75 $2,415,906.38
$27,667.06 $3,669.45 $31,336.51
$971.38 $0.00 $971.38
$0.00 $0.00 $0.00
$26,695.68 $3,669.45 $30,365.13
Plus Overpayments
Less Double Pay-Refunds
ENDING DELINQUENT TAX RECEIVABLE
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00
$1,723,224.95 $662,316.30 $2,385,541.25
CITY OF PORT ARTHUR
YEAR-TO-DATE TAX RECEIVABLE AS OF NOVEMBER 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 $2,450,831.46
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
$60,990.13 $5,573.68 $66,563.81
$1,273.60 $0.00 $1,273.60
$0.00 $0.00 $0.00
$59,716.53 $5,573.68 $65,290.21
$0.00 '$0.00 $0.00
$0.00 $0.00 $0.00
$1,723,224.95 $662,316.30 $2,385,541.25
3.35% 0.83% 2.66%
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