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Home My WebLink About(1)MARCH FINANCIAL REPORTCITY OF PORT ARTHUR FINANCIAL REPORT MARCH, 2003 PREPARED BY: THE FINANCE DEPARTMENT April 17, 2003 OSCAR G. ORTIZ, MAYOR THOMAS J. HENDERSON, MAYOR PRO-TEM COUNCIL MEMBERS: CRAIG HANNAH FELIX A. BARKER TOM GILLAM, REV. RONNIE LINDEN BOB BOWERS ROSE MITCHELL CHAISSON MICHAEL "SHANE" StNEGAL April 16, 2003 City of 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 March 31, 2003. RESULTS OF OPERATIONS Through March, sales tax revenue is 6.2% ahead of the same period last year, an increase of $139,000. Collection efforts have resulted in a surge in court frees revenue. We are $50,000 ahead of the same period last year. Water revenue began to recover in February, and revenue for March continues to run ahead of March 2002. Year to date consumption and revenue remain below expectations, with total revenue only up 4.1% despite a rate increase that was effective October 1. Expenses for water and treatment chemicals are down. due to thc decreased demand. INVESTMENT REPORT The monthly investment report reflects that the City comphed vdlth adopted investment pohcies and that the total $53 million portfolio, which includes EDC and bond funds, earned interest of 572.163.89 for the month. TAX REPORT The tax report reflects collections from the Jefferson Tax Office of $170,332. DISBURSEMENT REGISTER The disbursement register Is presented to Council as ts required. I appreciate the opportUmty to present this information to you and look forward to your comments and questions. Rebecca Underhill Finance Director R0. BOX 1089 · PORT ARTHUR TEXAS 77641-1089 · 409/983-8115 · FAX 409/983-8291 m m m 0 ~* oTM §888 City of Port Arthur Taxes collected for March, 2003 Pursuant to Section 31.10 of Texas Property Tax Code, the attached report of taxes, penalty and interest collected through the month of March, 2003. Collected by Jefferson County Tax Assessor-Collector Collected by Orange County Tax Assessor-Collector Collected by Finance Department $ 170,331.76 $ 170~331.76 March Less YTD Amount Percentage 2003 Collections Refunds Collections Budgeted YTD Current $ 140,556.40 $ 8,715.39 $ 8,276,228.67 $ $9,019,639 91.76% Delinquent 20,343.35 2,801.14 183,941.31 195,000 94.33% P & I 21,059.15 110.61 103,800.70 220,000 47.18% Other 25,000 Total $ 181,958.90 $ 11,627.14 $ 8,563,970.68 $ 9,459,639 90.53% This report shows that $ 8,563,970.68 or 90.53% of the amount budgeted from property tax sources has been collected through March, 2003. Five Year Collection History -- Property Taxes Tax March Less YTD Amount Percentage Year Collections Refund Collections Budgeted YTD 2002 $ 181,958.90 $ 11,627.14 $ 8,563,970.68 $ 9,459,639 90.53% 2001 229,081.69 62,107.49 8,343,190.72 9,122,450 91.46% 2000 193,836.46 1,297.04 7,286,808.16 8,929,780 81.60% 1999 218,651.10 787.54 8,018,008.80 8,510,744 94.21% 1998 157,351.75 602.42 8,127,081.42 8,818,000 92.16% Five Year Collection History -- Industrial District Payments March Less YTD Amount Percentage Industrial Collections Refund. Collections Budgeted YTD 2002 $ 10,842,300.00 $ - $ 10,842,300.00 t3,318,973 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 ASSES$OR~COLLECTOR ]~I~I~ON COUNTY COUKTI{OUSE P. O. BOX 2112 BEAUMONT. TEXAS 77704 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 CITY OF PORT ARTHUR affirm, under oath· that this mount $170,331.76 CITY OF PORT ARTHUR March. 2003. · represents all taxes collected for during the month of Miria/m K. JohnsOn / CITY OF PORT ARTHUR RECONCILIATION OF DISBURSEMENTS TO COLLECTIONS FOR MARCH 2003 VOUCHERSISSUED Date Voucher# 3/3/03 098826 3/3/03 098827 3/4/03 098902 3/4/03 098903 3/5/03 098910 3/5/03 098911 3/7/03 098928 3/7/03 098929 3/10/03 098947 3/10/03 098948 3/18/03 099013 3/17/03 099016 3/17/03 099017 3/18/03 099027 3/20/03 099042 3/20/03 099043 3/24/03 099061 3/24/03 099062 3/26/03 099095 3/26/03 099099 3/27/03 099160 3/27/03 099161 3/31/03 099176 3/31/03 099177 Current Delinquent Amount Amount $14,040.41 $2 584,87 $27.918.92 $1,930.66 $1 963.97 $8.850.12 $12.779.25 $1,218,12 $2,578.84 $1,316.99 $5.011.29 $6,951.14 $957.07 $6,960,74 $7 870.99 $1.417.49 $4.289.30 $693.08 $12 851.18 $2.425.27 $7 694.37 $1 188.08 $8.122.68 $1,692.15 PRIOR MONTH COLLECTIONS TO BE DISBURSED Current Disbursements Delinquent Disbursement LESS TOTAL DISBURSEMENTS Current Collections Delinquent Collection PLUS TOTAL COLLECTIONS SUBTOTAL ADJUSTMENTS $118,958.49 $143,535.96 $24,348.46 $26,795.80 $16,625.28 $143,306.95 $170,331.76 $43,650.09 Current Adjustments Delineuent Ad. ustments PLUS TOTAL DISBURSEMENT ADJUSTMENTS TOTAL FUNDS TO BE DISBURSED $0.00 $43.650.09 CITY OF PORT ARTHUR REPORT OF COLLECTIONS FOR MARCH 2003 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 Sueelemental Refunas 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 Refunos Personal P & l on Raw Tax Refunds LESS P & I ON RAW TAX REFUNDS $130.736.29 $9.820.11 $140.556.40 $15.04 $0.00 $15,04 $8.700.35 $0.00 $8,700.35 $10,923.15 $812.46 $11,735.61 $6.59 $0.00 $6.69 $34.07 $0.00 $131.841.01 Real P & I on Supplemental Refunds Personal P & I on SuoDlemental Refunds LESS P & I ON SUPP REFUNDS $34.07 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 $0.00 $0.00 $0,00 $11 694.95 $143,535,96 $0,00 TOTAL DOLLARS COLLECTED FOR CURRENT AND OTHER COLLECTIONS LESS TIF COLLECTIONS MANUAL ADJUSTMENTS $143,535.96 $0.00 $143,535.96 $0,00 $0.00 TOTAL CURRENT COLLECTIONS $143.535.96 CITY OF PORT ARTHUR REPORT OF COLLECTIONS FOR MARCH 2003 DELINQUENT COLLECTIONS FOR TAX YEAR 2002 Real Raw Tax Collections $19,253~65 Personal Raw Tax Collections $1.089.70 TOTAL RAW TAX COLLECTIONS Real Raw Tax Refunc~s $3,83 Personal Raw Tax Refunas $0.00 LESS TOTAL RAW TAX REFUNDS Real Supplemental RefunDs $2.795.69 Personal SuDDlemental RefunDs $1.62 LESS TOTAL SUPP REFUNDS NET RAW TAX COLLECTIONS Real P & I on Raw Tax Collections $8 843.41 Personal P & I on Raw Tax Collections $480.13 TOTAL P & I ON COLLECTIONS Real P & I on Raw Tax Refunds $1.42 Personal P & I on Raw Tax Refunds $0.00 LESS P & I ON RAW TAX REFUNDS Real P & I on Supplemental Refunds $68.53 Personal P & I on Supplemental RefunDs $0.00 LESS P & ! ON SUPP REFUNDS NET PENALTY & INTEREST NET COLLECTED Add Back Refunds Reimbursed Separately by Entity NET DOLLARS COLLECTED $20.343.35 $3.83 $2.797.3f $9,323.54 $68.53 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 MANUAL ADJUSTMENTS TOTAL DELINQUENT COLLECTIONS TOTAL CURRENT AND DELINQUENT COLLECTIONS $17.542.21 $9.253.89 $26.795.8O $0.00 $26,795.80 $0.00 $26,795.80 $0.00 $0.(30 $26.795.80 $170.331.76 CITY OF PORT ARTHUR CURRENT TAX RECEIVABLE UPDATE FOR MARCH 2003 - TAX YEAR 2002 BEGINNING RECEIVABLE Supp Levy Increase{Decrease) REVISED TAX RECEIVABLE Levy {Lost~Gain Levy Legally Uncollectable ADJUSTED TAX RECEIVABLE Current Coliec6ons Less Regular Refunds Less Supplemental Refunds NET CURRENT COLLECTIONS REAL PERSONAL TOTAL 5834.671.21 $157.748.64 S992 419.85 ($15,215.36) {$837.78) ~$16.053.14) $819.455.85 $156.910,86 $976.366.71 $0.00 $8.00 $0.00 $0.00 $0.00 $0.00 $819.455.85 $156.910,86 $976.366.71 $130.736.29 $9,820.11 $140,556.40 $15,04 $0.00 $15.04 $8,760.35 $0,00 $8,700,35 $122,020.90 $9.820.11 $131841.01 Plus Overpayments Less Double Pay-Refunds ENDING CURRENT TAX RECEIVABLE $0.00 $0.00 $0.00 $0.00 $0,00 $0.00 $697 434.95 $147 090.75 $84z. 525.70 CITY OF PORT ARTHUR YEAR-TO-DATE TAX RECEIVABLE AS OF MARCH 2003 FOR CURRENT TAX YEAR 2002 BEGINNING RECEIVABLE Supp Levy increase Decrease) REVISED TAX RECEIVABLE L~vy (LOS[,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 ($37,894.43) {$10,630.85) ($48,525.28) $5,853.125.37 $2.321.660.52 $8,174 785.89 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5,853.125.37 $2.321,860.52 $8.174 785.89 $5,166,527.02 $2,174.569.77 $7,341 096.79 $566.92 $0.00 $566.92 $10.269.68 $0,00 $10,269.68 $5.155 690.42 $2,174,569.77 $7,330.260.19 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 $697.434,95 $147 090,75 $844 525.70 88.08% 93.66% 89.67% CITY OF PORT ARTHUR DELINQUENT TAX RECEIVABLE UPDATE FOR MARCH 2003 - TAX YEAR 2002 BEGINNING RECEIVABLE Supp Levy Increase(Decrease) REVISED TAX RECEIVABLE REAL PERSONAL TOTAL $1,611,907.11 $653.303.64 $2.265 210.75 ($3,589,49) $2.80 ($3,586.69) $1,608.317.62 $653 306.44 $2.261 824.06 Levy (Lost)Gain Levy Legally Uncollect~ble ADJUSTED TAX RECEIVABLE Delinsuent Collections Less Regular Refunds Less Supplemental Refunds NET DELINQUENT COLLECTIONS $0.00 $0.00 $0.00 $0.00 $0.00 $0,00 $1.608.317.62 $653.306.44 $2,261 624.06 $19.253.65 $1,089,70 $20.343.35 $3.83 $0.00 $3.83 $2.795,69 $1,62 $2,797.31 $16,454.13 $1,088.08 $17.542.21 Plus Overpayments Less Double Pay-Refunds END NG DELINQUENT TAX RECEIVABLE $0.00 $0.00 $0.00 $0.00 $0.00 $0,00 $1,591 863.49 $652.218.36 $2.244.081.85 CITY OF PORT ARTHUR YEAR-TO-DATE TAX RECEIVABLE AS OF MARCH 2003 FOR DELINQUENT TAX YEARS - TAX YEAR 2002 REAL PERSONAL TOTAL BEGINNING RECEIVABLE Suc, o Levy increase(Decrease) REVISED TAX RECEIVABLE Lew (Lost)Gain Levy LegaJ y Uncollectable ADJUSTED TAX RECEIVABLE Delinquent Collections Less Regular Refunds Less Suoolemental Refunds NET DELINQUENT COLLECTIONS Plus Overcayments Less Double Pay-Refunds ENDING DELINQUENT TAX RECEIVABLE PERCENTAGE OF RECEIVABLE TO DATE $1,782.941.48 $667.889.98 $2.450 B31.46 f$18.770.921 {$2.138.68~ ($20,909.60) $1.764.170.56 $665.751.30 $2,429 921.86 ($1,898,70) $0.00 ($1,898.70 $0.00 $0.00 $0,00 $1,762 271.86 $665,751,30 $2.428.023.16 $197.438.91 $13,583.01 $211,021.92 $2.004.16 $48.45 $2.052.63 $25.026.36 $1.62 $25.027.98 $170 408.37 $13,532.94 $183.941,31 $0.00 $0.00 $0.00 $0,00 $0.00 $0.00 $1,591.863.49 $652 218.36 $2.244.061.85 9.67% 2,03% 7.58% ~o om ~ o ~ ~~ ~ oo