HomeMy WebLinkAbout(2) DEC. 2002 FINANCIAL REPORTCITY OF PORT ARTHUR
FINANCIAL REPORT
DECEMBER, 2002
PREPARED BY:
THE FINANCE DEPARTMENT
February 4, 2003
OSCAR G. ORTIZ, MAYOR
THOMAS J. HENDERSON, MAYOR PRO-TEM
COUNCIL MEMBERS:
CRAIG HANNAH
FELIX A, BARKER
TOM GILLAM, Ill
REV. RONNIE LINDEN
808 BOWERS
ROSE MITCHELL CHAISSON
MICHAEL "SHANE" SINEGAL
C~ty of
STEPHEN FITZGIBBONS
CITY MANAGER
EVANGELINE "VAN" GREEN
CITY SECRETARY
MARK T. SOKOLOW
CITY ATTORNEY
February 5,2003
Steve Fitzgibbons, City Manager
Mayor and Councilmembers
I am pleased to present the financial report for the month ended December 31, 2002. This
is end of the first quarter of the 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 December, sales tax revenue is 5.2% 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
$42,000 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 $52.9 million portfolio, which includes EDC and bond funds,
earned interest of $77,869.25 for the month.
TAX REPORT
The tax report reflects collections from the Jefferson Tax Office of $1,490,371.
DISBURSEMENT REGISTER
The disbursement register is presented to Council as is required.
I appreciate the oppormmty to present this information to you and look forward to your
comments and questions.
Rebecca Underhill
Finance Director
P.O. 80X 1089 ' PORT ARTHUR, TEXAS 77641-1089 · 409/983-8115 ° FAX 409/983-8291
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City of Port Arthur
Taxes collected for December, 2002
Pursuant to Section 31.10 of Texas Property Tax Code, the attached report of taxes, penalty and
interest collected through the month of December, 2002.
Collected by Jefferson County Tax Assessor-Collector
Collected by Orange County Tax Assessor-Collector
Collected by Finance Department
$ 1,490,370.90
$ 1,490,370.90
December Less YTD Amount Percentage
2003 Collections Refunds Collections Budgeted YTD
Current $ 1,479,475.18 $ 1,589.08 $ 1,980,355.13 $ $9,019,639 21.96%
Delinquent 25,858.72 22,698.99 68,449.94 195,000 35.10%
P & I 9,689.34 364.27 31,227.22 220,000 14.19%
Other 25,000
Total $ 1,515,023.24 $ 24,652.34 $ 2,080,032.29 $ 9,459,639 21.99%
This report shows that $ 2,080,032.29 or 21.99 % of the amount budgeted from property tax sources has been
collected through December, 2002.
Five Year Collection History -- Property, Taxes
Tax December Less YTD Amount Percentage
Year Collections Refund Collections Budgeted YTD
2002 $ 1,515,023.24 $ 24,652.34 $ 2,080,032.29 $ 9,459,639 21.99%
2001 1,372,114.72 18,023.26 2,002,972.54 9,122,450 21.96%
2000 1,282,065.58 5,904.00 1,988,700.48 8,929,780 22.27%
1999 1,160,707.40 14,238.45 1,739,885.63 8,510,744 20.44%
1998 1,407,712.86 2,698.90 2,159,085.87 8,212,200 26.29%
Five Year Collection History. -- Industrial District Payments
December 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
~tz~a.q$ON COUNTY COUR'rIIOUSI~
P, O. BOX 2112 B~AUMONT, TEXAS 77704
409835-8516 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
affirm, under oath, that this amount
CITY OF PORT ARTHUR
December, 2002.
CITY OF PORT ARTHUR
$1,490,370.90
, represents all taxes collected for
during the month of
TVIiriam K. Johnsoxf'
CITY OF PORT ARTHUR
RECONCILIATION OF DISBURSEMENTS TO COLLECTIONS
FOR DECEMBER 2002
VOUCHERS ISSUED
Date Voucher #
12/2/02 097058
12/2/02 097059
12/3/02 097115
12/3/02 097116
12/4/02 097149
1 2/6/02 097180
12/9/02 097196
1 2/10/02 097257
1 2/11/02 097283
12/12/02 097306
12/13/02 097315
1 2/16/02 097327
12/17/02 097361
12/18/02 097381
12/19/02 097401
12/20/02 097418
1 2/23/02 097444
12/24/02 097486
12/30/02 097519
12/31/02 097565
12/31/02 097566
Current Delinquent
Amount Amount
$14,379.77
$128,273.91
$17,628.58
$35,145.14
$26,132.72
$30,021.99
$27,733.31
$63,299.46
$6,826.09
$25,080.07
$31,457.75
$22,201.42
$51,815.34
$11,846.04
$2O8,384.65
$107,418.42
$198,109.78
$228,496.22
$3,014.98
$2,659.01
$5,463.37
PRIOR MONTH COLLECTIONS TO BE DISBURSED
Current Disbursements
Delinquent Disbursement
LESS TOTAL DISBURSEMENTS
Current Collections
Delinquent Collection
PLUS TOTAL COLLECTIONS
SUBTOTAL
ADJUSTMENTS
Current Adjustments
Delinquent Adjustments
$1,234,250.66
$1,477,886.10
$0.00
$11,137.36
$12,484.80
$17,394.75
$1,245,388.02
$1,490,370.90
$262,377.63
$0.00
PLUS TOTAL DISBURSEMENT ADJUSTMENTS $0.00
TOTAL FUNDS TO BE DISBURSED $262,377.63
CITY OF PORT ARTHUR
REPORT OF COLLECTIONS FOR DECEMBER 2002
CURRENT COLLECTIONS FOR TAX YEAR 2002
Real Raw Tax Collections $1,348,573.34
Personal Raw Tax Collections $130,901.84
TOTAL RAW TAX COLLECTIONS
Real Raw Tax Refunds $19.75
Personal Raw Tax Refunds $0.00
LESS TOTAL RAW TAX REFUNDS
Real Supplemental Refunds $1,569.33
Personal Supplemental Refunds $0.00
LESS TOTAL SUPP REFUNDS
NET RAW TAX COLLECTIONS
Real P & I on Raw Tax Collections $0.00
Personal P & I on Raw Tax Collections $0.00
TOTAL P & I ON COLLECTIONS
Real P & I on Raw Tax Refunds $0.00
Personal P & I on Raw Tax Refunds $0.00
LESS P & I ON RAW TAX REFUNDS
$o.oo
$o.oo
$1,479,475.18
$19.75
$1,569.33
$0.00
$0.00
$1,477,886.10
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 OFTAX 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
$0.00
$0.00
$0.00
$1,477,886.10
$o.oo
$1,477,886.10
$0.00
$1,477,886.10
$0.00
$0.00
$1,477,886.10
CITY OF PORT ARTHUR
REPORT OF COLLECTIONS FOR DECEMBER 2002
DELINQUENT COLLECTIONS FOR TAX YEAR 2002
Real Raw Tax Collections $24,830.44
Personal Raw Tax Collections $1,028.28
TOTAL RAW TAX COLLECTIONS
Real Raw Tax Refunds $461.10
Personal Raw Tax Refunds $7.22
LESS TOTAL RAW TAX REFUNDS
Real Supplemental Refunds $22,230.67
Personal Supplemental Refunds $0.00
LESS TOTAL SUPP REFUNDS
NET RAW TAX COLLECTIONS
Real P & [ on Raw Tax Collections $9,400.58
Personal P & I on Raw Tax Collections $288.76
TOTAL P & I ON COLLECTIONS
Real P & t on Raw Tax Refunds $295.32
Personal P & I on Raw Tax Refunds $2.38
LESS P & I ON RAW TAX REFUNDS
Real P & I on Supplemental Refunds $66.57
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
$25,858.72
$468.32
$22,230.67
$9,689.34
$297.70
$66.57
$3,159.73
$9,325.07
$12,484.80
$0.00
MISCELLANEOUS
IN LIEU OFTAX COLLECTIONS
OTHER TAX REVENUE
TOTAL OTHER TAX COLLECTED
$0.00
$o.oo
$0.00
TOTAL DOLLARS COLLECTED FOR DELINQUENT AND OTHER COLLECTIONS
LESS TIF COLLECTIONS
MANUAL ADJUSTMENTS
TOTAL DELINQUENT COLLECTIONS
$12,484.80
$0.00
$12,484.80
$0.00
$o.oo
$12,484.80
TOTAL CURRENT AND DELINQUENT COLLECTIONS $1,490,370.90
CITY OF PORT ARTHUR
CURRENT TAX RECEIVABLE UPDATE
FOR DECEMBER 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
$5,501,356.03 $2,219,709.16 $7,721,065.19
($22,679.07) ($9,793.07) ($32,472.14)
$5,478,676.96 $2,209,916.09 $7,688,593.05
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00
$5,478,676.96 $2,209,916.09 $7,688,593.05
$1,348,573.34 $130,901.84 $1,479,475,18
$19.75 $0.00 $19.75
$1,569.33 $0.00 $1,569.33
$1,346,984.26 $130,901.84 $1,477,886.10
Plus Overpayments
Less Double Pay-Refunds
ENDING CURRENT TAX RECEIVABLE
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00
$4,131,692.70 $2,079,014.25 $6,210,706.95
CITY OF PORT ARTHUR
YEAR-TO-DATE TAX RECEIVABLE AS OF DECEMBER 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
($22,679.07) ($9,793.07) ($32,472.14)
$5,868,340.73 $2,322,498.30 $8,190,839.03
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00
$5,868,340.73 $2,322,498.30 $8,190,839.03
$1,738,534.71 $243,484.05 $1,982,018.76
$317.35 $0.00 $317.35
$1,569.33 $0.00 $1,569.33
$1,736,648.03 $243,484.05 $1,980,132.08
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
$4,131,692.70 $2,079,014.25 $6,210,706.95
29.59% 10.48% 24.17%
CITY OF PORT ARTHUR
DELINQUENT TAX RECEIVABLE UPDATE
FOR DECEMBER 2002 - TAX YEAR 2002
BEGINNING RECEIVABLE
Supp Levy Increase(Decrease)
REVISED TAX RECEIVABLE
REAL PERSONAL
TOTAL
$1,723,224.95 $662,316.30 $2,385,541.25
($15,181.43) ($2,141.48) ($17,322.91)
$1,708,043.52 $660,174.82 $2,368,218.34
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
$1,708,043.52 $660,174.82 $2,368,218.34
$24,830.44 $1,028.28 $25,858.72
$461.10 $7.22 $468.32
$22,230.67 $0.00 $22,230.67
$2,138.67 $1,021.06 $3,159.73
Plus Overpayments
Less Double Pay-Refunds
ENDING DELINQUENT TAX RECEIVABLE
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00
$1,705,904.85 $659,153.76 $2,365,058.61
CITY OF PORT ARTHUR
YEAR-TO-DATE TAX RECEIVABLE AS OF DECEMBER 2002
FOR DELINQUENT TAX YEARS - TAX YEAR 2002
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
$1,782,941.48 $667,889.98 $2,450,831.46
($15,181.43) ($2,141.48) ($171322.91)
$1,767,760.05 $665,748.50 $2,433,508.55
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00
$1,767,760.05 $665,748.50 $2,433,508.55
$85,820.57 $6,601.96 $92,422.53
$1,734.70 $7.22 $1,741.92
$22,230.67 $0.00 $22,230.67
$61,855.20 $6,594.74 $68,449.94
$0.00 $0.00 $0.00
$0.00 $0.00 $0.00
$1,705,904.85 $659,153.76 $2,365,058.61
3.50% 0.99% 2.81%
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