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Home My WebLink About5.FEBRUARY 2003 FINANCIAL REPTCITY OF PORT ARTHUR FINANCIAL REPORT FEBRUARY, 2003 PREPARED BY: THE FINANCE DEPARTMENT March 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 "SHAN E" SINEGAL March 28, 2003 CiO' of Ze).'as STEPHEN FITZGIBBON8 CITY MANAGER EVANGELINE "VAN" GREEI~ C TY 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 February 28, 2003. RESULTS OF OPEILATIONS Through February, sales tax revenue is 5.8% ahead of the same period last year, an increase of $113,000. Collection efforts have resulted in a surge m court frees revenue. We are $66,000 ahead of the same period last year. Gas gross receipts revenue is up 4% over last year. Water revenue began to recover in February, with revenue for the month 14% ahead of last February. Year to date consumption and revenue rem£m below expecmuons, with total revenue only up .4% 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 million portfolio, which includes EDC and bond filnds, earned interest of $67,173.32 for the month. TAX REPORT The tax report reflects collections from the Jefferson Tax Office of 1,426,338. DISBURSEMENT REGISTER The .disb?rsement register ~s presented to Council as is required I appreciate the opportumty to present this information to you and look forward to your COlnrnents and questions. ~rely, Rebecca Underhill Finance Director R0. BOX 1089 · PORT ARTHUR, TEXAS 77641-1089 · 409/983-8115 · FAX 409/983-B291 0 ~ (~ u. ~,~o .gl m ~0 O? 0 0~°u. ~ o '1 ~> Il. °°~ ~.:~ o ~ o.~c3 ~'~E 0 ~ 0 m q~qqq q~ ~ qq ooooooo88§o ~~<<<< ~mmmrzzzz o o ~ 0 o~o~oo~oo oo ooooo ~ooooooooo~ oooo~o~oo City of Port Arthur Taxes collected for February, 2003 Pursuant to Section 31.10 of Texas Property Tax Code, the attached report of taxes, penalty and interest collected through the month of February, 2003. Collected by Jefferson County Tax Assessor-Collector Collected by Orange County Tax Assessor-Collector Collected by Finance Department $ 1,426,338.23 $ 1,426,338.23 February Less YTD Amount Percentage 2003 Collections Refunds Collections Budgeted YTD Current $ 1,371,802.81 $ 234.53 $ 8,144,387.66 $ $9,019,639 90.30% Delinquent 26,561.36 254.41 166,399.10 195,000 85.33% P & I 28,554.23 91.23 82,852.16 220,000 37.66% Other 25,000 Total $ 1,426,918.40 $ 580.17 $ 8,393,638.92 $ 9,459,639 88.73% This report shows that $8,393,638.92 or 88.73% of the amount budgeted from property tax sources has been collected through February, 2003. Five Year Collection History -- Property Taxes Tax February Less YTD Amount Percentage Year Collections Refund Collections Budgeted YTD 2002 $ 1,426,918.40 $ 580.17 $ 8,393,638.92 $ 9,459,639 88.73% 2001 1,363,115.80 5,589.53 8,176,216.52 9,122,450 89.63% 2000 1,652,285.63 2,861.41 7,094,268.74 8,929,780 79.45% 1999 2,457,108.76 1,980.72 7,800,145.24 8,510,744 91.65% 1998 3,032,559.69 729.23 7,970,332.09 8,212,200 97.05% Five Year Collection History -- Industrial District Payments February 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 13,573,972.51 - 13,573,972.51 13,330,295 101.83% 2000 12,503,377.90 - 12,503,377.90 12,501,404 100.02% 1999 12,301,346.55 - 12,518,019.05 12,547,569 99.76% 1998 11,556,172.87 77.56 11,897,845.37 11,632,142 102.28% MIRIAM K. JOHNSON TAX ASSESSOR-COLLECTOR /EFFERSON COUNTY COURTtlOUSE 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 Febmary, 2003. CITY OF PORT ARTHUR $1.426.338.23 . represents all taxes'collected for during the month of Miriam K. Johnson CITY OF PORT ARTHUR RECONCILIATION OF DISBURSEMENTS TO COLLECTIONS FOR FEBRUARY 2003 VOUCHERSISSUED Da~ Voucher# 2/3/03 098343 2/3/03 098344 2/4/03 0984O1 2/4/03 098408 2/5/03 098439 2/5/03 098440 · 2/6/03 098478 2/6/03 098479 227/03 098492 2/7/03 098493 2/10/03 098515 2/10/03 098516 2/11/03 098552 2/11/03 098553 2/12/03 098564 2/12/03 098565 2/13/03 098589 2/13/03 098590 2/14/03 098594 2/14/03 098595 2/18/03 098614 2/18/03 098615 2/19/03 098657 2/19/03 098658 2/20/03 098674 2/20/03 098675 2/24/03 098702 2/24/03 098703 2/25/03 098739 2/25/03 098740 2/26/03 098755 2/26/03 098756 2/27/03 098765 2/27/03 098766 2/28/03 098806 2/28/03 098807 Current Delinquent Amount Amount $709,289.27 $3.219.86 $511,227.41 $6.469.78 $404,101.14 $1,392.29 $182,885.35 $1,090,04 $8,160.95 $2 339.86 $172,835.12 $3.050.00 $7,843.41 $740.60 $6,018.82 $1 352.92 $5,042.40 $891.01 $3,844~11 $1,904.66 $7,429.21 $2,875.08 $11,348.23 $2.629.49 $7,161.18 $1.164.84 $7,980.38 $1,736.18 $9,552,01 $744,52 $11,623.73 $1 607.56 $7,811.82 $1 397.89 $11,523.37 $2.237.59 PRIOR MONTH COLLECTIONS TO BE DISBURSED Current Disbursements Delinauent Disbursement LESS TOTAL DISBURSEMENTS Current Collections Delinouent Collection PLUS TOTAL COLLECTIONS SUBTOTAL ADJUSTMENTS Currant AdjusTmenm Delinquent Adjustments PLUS TOTAL DISBURSEMENT ADJUSTMENTS TOTAL FUNDS TO BE DISBURSED $2.085.677.9" $1,390.429.05 $0.00 $36 544.17 $35.909.18 $0.00 $712.509.13 $2.122.222.08 $1,426,338.23 $16,625.28 $0.00 $16.625.28 CITY OF PORT ARTHUR REPORT OF COLLECTIONS FOR FEBRUARY 2003 CURRENT COLLECTIONS FOR TAX YEAR 2002 Real Raw Tax Collections Personal Raw Tax CsIlections 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 & [ on Raw Tax Refunds LESS P & I ON RAW TAX REFUNDS $816,880.11 $554,922.7O $234.53 $0.00 $0.00 $0.00 $8,371.83 $10,488.94 $0.00 $0.00 $1,371,802.81 $234.53 $0.00 $18,860.77 $0.00 $1,371,568.28 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 Back Refunds Reimbursed Separately by Entity NET DOLLARS COLLECTED MISCELLANEOUS IN LIEU OF TAX COLLECTIONS OTHER TAX REVENUE TOTAL OTHER TAX COLLECTED $18,860.77 $1,390,429.05 $0.00 $0.00 $0.00 TOTAL DOLLARS COLLECTED FOR CURRENT AND OTHER COLLECTIONS LESS TIF COLLECTIONS MANUAL ADJUSTMENTS $1,390,429.05 $0.00 $1,390,429.05 $0.00 $0.00 TOTAL CURRENT COLLECTIONS $1,390,429.05 CITY OF PORT ARTHUR REPORT OF COLLECTIONS FOR FEBRUARY 2003 DELINQUENT COLLECTIONS FOR TAX YEAR 2002 Real Raw Tax Collections $23.944.32 Personal Raw Tax Collections $2.617.04 TOTAL RAW TAX COLLECTIONS Real Raw Tax Refunds $236.96 Pemonal Raw Tax Refunds $17.45 LESS TOTAL RAW TAX REFUNDS Real Sueelemental Refunds $0.00 Personal Supp emental Refunds $0.00 LESS TOTAL SUPP REFUNDS NET RAW TAX COLLECTIONS Real P & I on Raw Tax Collections $8,841.38 Personal P & I on Raw Tax Collections $852.08 TOTAL P & I ON COLLECTIONS Real P & I on Raw Tax Refunds $84.95 Personal P & I on Raw Tax Refunes $6.28 LESS F & I ON RAW TAX REFUNDS Real P & I on SuDDlemental Refunds $0.00 Personal P & on SuDolementa~ Refunds S0.00 LESS P & I ON SUPP REFUNDS NET PENALTY & INTEREST NET COLLECTED Add Back Refunds Reimbursed Separamly by Entity NET DOLLARS COLLECTED $26.561.36 $254.41 $0,00 $9.693.46 $91.23 $0,00 MISCELLANE~OUS 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 $26,306.95 $9,602.23 $35.909.18 $0.00 $35,909.18 $0.00 $35,909.18 $0.00 $0.00 $35,909.18 $1,426.338.23 CITY OF PORT ARTHUR CURRENT TAX RECEIVABLE UPDATE FOR FEBRUARY 2003 - TAX YEAR 2002 BEGINNING RECEIVABLE Supp Levy ~ncmase(Decrease) REVISED TAX RECEIVASLE REAL PERSONAL TOTAL $1,651,316.79 $712,671.34 $2,363,988.13 $0.00 $0.00 $0.00 $1,651,316.79 $712,671.34 $2,363,988.13 Levy (Lost)Cain Levy Legally Uncollectable ADJUSTED TAX RECEIVABLE Current Collections Less Regular Refunds Less Supplemental Refunds NET CURRENT COLLECTIONS $o,oo $o.oo $o.oo $o.oo $o.oo $o.oo $1,651,316.79 $712,671.34 $2,363,988.13 $816,880.11 $554,922.70 $1,371,802.81 $234.53 $0.00 $234.53 $0.00 $0.00 $0.00 $816,645.56 $554,922.70 $1,371,568.28 Plus Overpayments Less Double Pay-Refunds ENDING CURRENT TAX RECEIVABLE $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $834,671.21 $157,748.64 _ $992,419.85 CITY OF PORT ARTHUR YEAR-TO-DATE TAX RECEIVABLE AS OF FEBRUARY 2003 FOR CURRENT TAX YEAR 2002 BEGINNING RECEIVABLE Supp Levy Increase(Decrease) REVISED TAX RECEIVABLE LeW (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 $5,035,790.73 $2,164.749.66 $7,200,540.39 $551.88 $0.00 $551.68 $1.569.33 $0.00 $1.569.33 $5.033.669.52 $2,164 749.66 $7,198,419.18 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 $834 871.21 $157.748.64 $992,419.85 85.78% 93.21% 87.88% CITY OF PORT ARTHUR DELINQUENT TAX RECEIVABLE UPDATE FOR FEBRUARY 2003 - TAX YEAR 2002 BEGINNING RECEIVABLE Supp Levy Increase(Decrease) REVISED TAX RECEIVABLE REAL PERSONAL TOTAL $1,636,241.17 $655,903.23 $2,292,144.40 $0.00 $0.00 $0.00 $1,636,241.17 $655,903.23 $2,292,144.40 Levy (Lost)Gain Levy Legally Uncollectable ADJUSTED TAX RECEIVABLE Delinquent Collections Less Regular Refunds Less Supplemental Refunds NET DELINQUENT COLLECTIONS ($626.70) $0.00 ($626.70) $0.00 $0.00 $0.00 $1,635,614.47 $655,903.23 $2,291,517.70 $23,944,32 $2,617.04 $26,561.36 $236.96 $17.45 $254.41 $0.00 $0.00 $0.00 $23,707.36 $2,599,59 $26,306.95 Plus Overpayments Less Double Pay-Refunds ENDING DELINQUENT TAX RECEIVABLE $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1,611,907.11 $653,303,64 $2,265,210.75 CITY OF PORT ARTHUR YEAR-TO-DATE TAX RECEIVABLE AS OF FEBRUARY 2003 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 Supp emental Refunds NET DELINQUENT COLLECTIONS ~lus Overpaymenm Less Double Pay-Refunds ENDING DELINQUENT TAX RECEIVABLE ~ERCENTAGE OF RECEIVABLE TO DATE $1,782,941.48 $667,889.98 $2,450,831.46 ($15,151.43) ($2,141.48) ($17,322.91) $1,767,760.05 $665,748.50 $2,433,508.55 ($1,898.70) $0.00 ($1,898.70) $0.00 $0.00 $0.00 $1,765,861.35 $665,748.50 $2,431,609.85 $178.185.26 $12,493.31 $190.678.57 $2.000.35 $48.45 $2,048.80 S22,230.67 $0.00 $22.230.67 $153,954.24 $12 444.86 $166,399.10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1,611 907.11 $653.303,64 $2.265,210.75 8.72% 1.87% 6.84% ~ ~aoooooow~ ~ zzz ~ 2 ~