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Home My WebLink About(1)JANUARY 2003 FINANCIAL REPT.CITY OF PORT ARTHUR FINANCIAL REPORT JANUARY, 2003 PREPARED BY: THE FINANCE DEPARTMENT February 27, 2003 OSCAR 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" SINEGAL February 27, 2003 Cio' of Texas STEPHEN FITZGIBBONS CITY MANAGER EVANGELINE "VAN" GREEN CITY SECRETARY MARK T SOKOLOW CITY ATTORNEY Steve Fitzgibbons, City Manager Mayor and Councilmembers I am pleased to present the financial report for the month ended January 31, 2003. RESULTS OF OPERATIONS Through January, sales tax revenue is 4.8% ahead of the same period last year, an increase of $67,000. Collection efforts have resulted in a surge in court fines revenue. We are $47,000 ahead of thc same period last year. Cable gross receipts revenue came in at $390,000, ~vell ahead of last year's $366,000. At this point, water revenue is falling short of budget projections. Total consumption is down, and total revenue is down despite a rate increase that was effective October 1. Expenses for water and treatment chemicals are down, due to the decreased demand. INVESTMENT REPORT The monthly investment report reflects that the City complied with adopted investment policies and that the total $53 milhon portfolio, wtfich includes EDC and bond funds, earned interest of $73,397.88 for the month. TAX REPORT The tax report reflects collections from the Jefferson and Orange County Tax Offices of $4,887,268. DISBURSEMENT REGISTER The disbursement register is presented to Council as is required. I appreciate the opportunity to present this inform0tion to you and look forward to your comments and questions. Rebecca Underhill Finance Director RO. BOX 1089 · PORT ARTHUR, TEXAS 77641-1089 · 409/983-8115 · FAX 409/983-8291 '1 0 E u).c =~m m C 0 II .o ~0 LU =oW~ ~ .__.._~ '.& _ = ~0~ 80°0°880000 88000008 oo ~ 0 0 i~L° ooooooo o §888 o ~,4 o ooooooo~ooo~ - City of Port Arthur Taxes collected for January, 2003 Pursuant to Section 31.10 of Texas Property Tax Code, the attached report of taxes, penalty and interest collected through the month of January, 2003. Collected by Jefferson County Tax Assessor-Collector Collected by Orange County Tax Assessor-Collector Collected by Finance Department $ 3,941,522.97 945,745.43 $ 4,887,268.40 January Less YTD Amount Percentage 2003 Collections Refunds Collections Budgeted YTD Current $ 4,792,464.25 $ $ 6,772,819.38 $ $9,019,639 75.09% Delinquent 71,694.68 52.47 140,092.15 195,000 71.84% P & I 23,183.46 21.52 54,389.16 220,000 24.72% Other 25,000 Total $ 4,887,342.39 $ 73.99 $ 6,967,300.69 $ 9,459,639 73.65% This report shows that $ 6,967,300.69 or 73.65 % of the mount budgeted from property tax sources has been collected through January, 2003. Five Year Collection History -- Property, Taxes Tax January Less YTD Amount Percentage Year Collections Refund Collections Budgeted YTD 2002 $ 4,887,342.39 $ 73.99 $ 6,967,300.69 $ 9,459,639 73.65% 2001 4,815,847.99 130.28 6,818,690.25 9,122,450 74.75% 2000 3,457,629.35 1,485.31 5,444,844.52 8,929,780 60.97% 1999 3,611,712.91 6,581.34 5,345,017.20 8,510,744 62.80% 1998 2,784,621.20 5,205.44 4,938,501.63 8,212,200 60.14% Five Year Collection History -- Industrial District Payments January 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 FEFFERSON COUNTY COURTHOUSE P. O. BOX 2112 BEAUMONT. TEXAS 77704 409-835-8516 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 CITY OF PORT ARTHUR $3.941.522.97 · represents all taxes collected for during the month of January, 2003. Mir4am K. Johnsori CITY OF PORT ARTHUR RECONCILIATION OF DISBURSEMENTS TO COLLECTIONS FOR JANUARY 2003 VOUCHERS ISSUED Date Voucher # Current Delinquent Amount Amount · ~2/03 097608 $258,015.21 1/2/03 097609 $4 362.42 I ~3/03 097666 $129.458.26 1/3/03 097667 $1,381.73 1/6/03 097698 $142.576.62 t/6/03 097699 $1.878.10 I/7/03 097745 $67,089.39 · ?/03 097746 $4,392.90 1/8/03 097771 $40,484.35 1/8/03 097772 $1.074.75 1/9/03 097796 $40.043.77 1/9/03 097797 $2,480,62 ' 10/03 097818 $37,998.81 1/10/03 097819 $9,307.47 1/13/03 097535 $46,997.61 1/13/03 097836 $995.10 1/14/03 097885 $170,275,42 1/14/03 097886 $955.09 1/15/03 097906 $86,764.69 1/15/03 097907 $1,129.57 1/16/03 097928 $45,176.29 1/16/03 097929 $3,189.30 1/17/03 097975 $71,996.26 1/17/03 097976 $1,859.36 1/21/03 097998 $89,061.54 1/21/03 097999 $4,261.26 1/22/03 098059 $445,239.69 1/22/03 098060 $3,432,43 1/23/03 098086 $77,087.38 1/23/03 098087 $2,728.85 1/24/03 098110 $305,503,78 1/24/03 098111 $1,485.30 1/27/03 098139 $122,277.95 1/27/03 098140 $2,123.83 1/28/03 098213 $310,371.34 1/28/03 098214 $766.19 1/29/03 098245 1/29/03 098246 1/30/03 098281 1/30/03 098282 1/31/03 098304 1/31/03 098305 $419,997.52 $157,596.21 $331,432.67 $14,023.41 $5,145:52 $28,973.51 PRIOR MONTH COLLECTIONS TO BE DISBURSED Curre~ Disbursements Delinquent Disbursement LESS TOTAL DISBURSEMENTS Current Collections Delinquent Collection PLUS TOTAL COLLECTIONS SUBTOTAL ADJUSTMENTS Current Adjustments Delinquent Adjustments PLUS TOTAL DISBURSEMENT ADJUSTMENTS TOTAL FUNDS TO BE DISBURSED $3,395,444.76 $3,846,718.82 $0.00 $95,946.71 $94,804.15 $0.00 $262,377.63 $3,491,391.47 $3,941,522.97 $712,509.13 $0.00 $712,509.13 Rea Raw Tax Collections Persona RawTax Co~lecltons TOTAL RAW TAX COLLECTIONS Rea Raw Tax Refunds Persone~ Raw Tax Refunds LESS TOTAL RAW TAX REFUNDS Real SMDD emental Refunds Personal SuDolemental Refunds LESS TOTAL SUPP REFUNDS NET RAW TAX COLLECTIONS Rea[ P & I on Raw Tax Colleouons Personal P & on Raw Tax Collections TOTAL P & I ON COLLECTIONS Real P & on Raw Tax Refunds Personal P & on Raw Tax Refunds LESS P & I ON RAW TAX REFUNDS CITY OF PORT ARTHUR REPORT OF COLLECTIONS FOR JANUARY 2003 CURRENT COLLECTIONS FOR TAX YEAR 2002 Real P & [ on Supp~emen[al Refunds Personal P & I on Sueo[emental Refunds LESS P & I ON SUPP REFUNDS $2,480,375.91 $1,366.342,91 $0.00 $0.00 $3,846,718.82 $0.00 $0.00 $0.00 $0.00 $0,00 $0.00 S0.00 $0.00 SO.O0 $0.00 NET PENALTY & INTEREST NET COLLECTED Add Back Refunds Reirnbursed 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 $3,846,718.82 $0.00 $0.00 $0.00 $0.00 $3,846,718.82 $0.00 $0.00 $0.00 $0.00 $3 846.718.82 $0.00 $3.846.718.82 $0~00 $0.00 $3,846.718.82 CITY OF PORT ARTHUR REPORT OF COLLECTIONS FOR JANUARY 2003 DELINQUENT COLLECTIONS FOR TAX YEAR 2002 Real Raw Tax Collections $68.420.37 Persona Raw Tax Collecuons $3,274.31 TOTAL RAW TAX COLLECTIONS $28.69 Real Raw Tax Refunds $23.78 Personal Raw Tax Refunds LESS TOTAL RAW TAX REFUNDS Real Supplemen[a Refunds $0.00 Personal Su[~[~lementa~ Refunds $0.00 LESS TOTAL SUPP REFUNDS NET RAW TAX COLLECTIONS Real P & I on Raw Tax Collections $21,977.09 Personal = & I on Raw Tax Collections $1.206.37 TOTAL P & I ON COLLECTIONS Rea P & ~ on Raw Tax Refunds $13.20 Personal P & on Raw Tax Refunds $8.32 LESS P & I ON RAW TAX REFUNDS Real P & I on Supplemema~ Refunds $0.00 Personal P & I on Suoolemen[al Refunds $0.00 LESS P & I ON SUPP REFUNDS NET PENALTY & INTEREST NET COLLECTED Add Back Refunds Reimbursed Seoaretely by Entity NET DOLLARS COLLECTED $71.694.68 $52.47 $0.00 $23,183,46 $21.52 $0.00 $71,642.21 $23.161.94 $94.804.15 $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 MANUALADJUSTMENTS TOTAL DELINQUENT COLLECTIONS TOTAL CURRENT AND DELINQUENT COLLECTIONS $94.804.15 $94 804.15 $0.00 $0.00 $94.804.15 $3.941 522.97 CITY OF PORT ARTHUR CURRENT TAX RECEIVABLE UPDATE FOR JANUARY 2003 - TAX YEAR 2002 BEGINNING RECEIVABLE Sup~ Levy ncrease(Decrease) REVISED TAX RECEIVABLE Levy [Lost)Gain Levy Lega,~ Uncollectable ADJUSTED TAX RECEIVABLE Current Collections Less Regular Refunds Less SUDDlemen[al Refunds NET CURRENT COLLECTIONS REAL PERSONAL TOTAL $4,131,692,70 $2,079,014.25 $6.210,706.95 $0,00 $6.00 $6.00 $4,131,692.70 $2,079.014.25 $6,210 706.95 $O.00 $0.00 $6.00 $6.00 $6.00 $6.00 $4,131.692.70 $2.079,014.25 $6,210.706.95 $2.480.375.91 $1,366.342.91 $3 846.718.82 $0.00 $0.00 $6.00 $0,00 $0.00 $0.00 $2,480,375.91 $1,366,342.9~ $3.846,718.82 Plus Overpayments Less Double Pay-Refunds ENDING CURRENT TAX RECEIVABLE $6,00 $6.00 $6.00 $0.00 $0,00 $6.00 $1 ,$61,316.79 $712,671.34 $2,363,988.13 CITY OF PORT ARTHUR YEAR-TO-DATE TAX RECEIVABLE AS OF JANUARY 2003 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 $3.868,340.73 $2,322,498.30 $8.190.839.03 $4,218.910.62 $1,609,826.96 $5,828 737.58 $317.35 $0.00 $317.35 $1.569.33 $0.00 $1.569.33 $4,217,023.94 $1,609,826.96 $5.826.850.90 Plus Overpayments Less Double Pay-Refunds ENDING CURRENT TAX RECEIVABLE PERCENTAGE OF RECEIVABLE TO DATE $3.00 $0.00 $3.00 $0.00 $3.00 $0.00 $1.651.316.79 $712.671.34 $2.363.988.13 71.86% 69.31% 71.14% CITY OF PORT ARTHUR DELINQUENT TAX RECEIVABLE UPDATE FOR JANUARY 2003 - TAX YEAR 2002 BEGINNING RECEIVABLE SuPp Levy IncreaseIDecrease~ REVISED TAX RECEIVABLE Lew (LosflGain Levy Legally Uncollectable ADJUSTED TAX RECEIVABLE Delinquent Collections Less Regular Refunds Less Supplemental Refunds NET DELINQUENT COLLECTIONS REAL PERSONAL TOTAL $1.705,904.85 $659.153.76 $2.365.058.61 $0.00 S0.00 $0.00 $1,705.904.85 $65~ 153.76 $2,365.058.61 ($1,272.00) $0.00 ($1,272.00) $0.00 $0.00 $0.00 $1.704.632.85 $659,153.76 $2.363.786.61 $68,420.37 $3.274.31 $71.684.68 $28.69 $23.78 $52.47 $0.00 $0.00 $0.00 $68.391,68 $3.250.53 $71642.21 Plus Overpaymenm LeSS Double Pey-Refunds ENDING DELINQUENT TAX RECEIVABLE $0.00 $0.00 $0.00 $0.00 $0.00 $6.00 $1,636.241.17 $655 903.23 $2.292,144.40 CITY OF PORT ARTHUR YEAR-TO-DATE TAX RECEIVABLE AS OF JANUARY 2003 FOR DELINQUENT TAX YEARS - TAX YEAR 2002 REAL PERSONAL TOTAL BEGINNING RECEIVABLE SUeD Levy Increase(Decrease) REVISED TAX RECEIVABLE Levy (Lost)Gain Levy Legally UncollectabJe ADJUSTED TAX RECEIVABLE Delinquent Collections Less Regular Refunds Less SuDDlemental Refunds NET DELINQUENT COLLECTIONS Plus OverDafmems 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) I$17.322.91) $1.767.760.05 $665.748.50 $2.433.506.55 ($1.272.00) $0.00 ($1,272.00) $0.00 $0.00 $0.00 $1.766.488.05 $665.748.50 $2.432.236.55 $154 240.94 $9.876.27 $164,117.21 $1 763.39 $31.00 $1.794.39 $22.230.67 $0.00 $22.230.67 $130.246.88 $9.845.27 $140.092.15 $0.00 .~).00 $0.00 $0,00 $0.00 $0.00 $1.636.241.17 $655.903.23 $2.292.144.40 7.37% 1.48% 5.76% oooooooooooooooooooooooooooooooo~oooooooooooooooooo ooooooooooooooooooooooooooo~ooooooooooooooooooooooo oooooooooooooooooooooooooo~ooooooooooooooooo~o~ooo