HomeMy WebLinkAboutOCT. FINANCIAL REPORTCITY OF PORT ARTHUR
FINANCIAL REPORT
OCTOBER, 2004
PREPARED BY:
THE FINANCE DEPARTMENT
December 2, 2004
OSCAR G. ORTIZ, MAYOR STEPHEN FffZG~BBONS
JOHN BEARD, JR., MAYOR PRO-TEM CITY MANAGER
COUNCIL MEMBERS: EVANGELINE "VAN" GREEN
CRAIG HANNAH City Q[ CITY SECRETARY
FELIX A. BARKER MARK T. SOKOLOW
THOMAS J. HENDERSON CITY ATTORNEY
MARTIN FLOOD
RONNIE H. THOMPSON
DELORIS PR~NCE
MICHAEL "SHANE" SINEGAL Texas
December 13, 2004
Steve Fitzgibbons, City Manager
Mayor and Counciknembers
I am pleased to present the financial report for the month ended October 31, 2004. This is
the first month of the new fiscal year, and the report includes preliminary estimates for the
beginning fund balances for all funds.
RESULTS OF OPERATIONS
Most of the Industr/al Revenue, $11.4 million, was received in October in the General Fund.
The remaining payments will be received in September 2005. Property Tax revenue will
increase in the months of December and January. All of the funds are performing as
expected for the first month of the year. (In comparing current months' expense, be aware
that October 2003 contained two payrolls and October 2004 was a one and one half payroll
month.)
INVESTMENT REPORT
The monthly investment report reflects that the City complied with adopted investment
policies and that the total $33.8 million portfolio, which includes EDC and bond funds,
earned interest of $54,100.83 for the month.
TAX REPORT
The tax report reflects collections from the Jefferson Tax Office of $150,945 and industrial
collections by the Finance Department of $11,444,184, for total collections of $11,595,129.
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.
Finance Director
P.O. BOX 1089 · PORT ARTHUR, TEXAS 77641-1089 · 409/983-8115 · FAX 409/983-8291
City of Port Arthur
Taxes collected for October, 2004
Pursuant to Section 31.10 of Texas Property Tax Code, the attached report of taxes, penalty and
interest collected through the month of October, 2004.
Collected by Jefferson County Tax Assessor-Collector $ 150,944.98
Collected by Orange County Tax Assessor-Collector
Collected by Finance Department 11,444,184.00
$ 11~595:128.98
October Less YTD Amount Percentage
2004 Collections Refunds Collections Budgeted YTD
Current $ 119,888.74 $ - $ 119,888.74 $ $10,390,000 1.15%
Delinquent 31,712.23 9,880.12 21,832.11 310,000 7.04%
P & I 9,724.90 500.77 9,224.13 240,000 3.84%
Other 20,000
Total $ 161,325.87 $ 10,380.89 $ 150,944.98 $ 10,960,000 1.38%
This report shows that $150,944.98 or 1.38 % of the amount budgeted from property tax sources has been
collected through October, 2004.
Five Year Collection History -- Property Taxes
Tax October Less YTD Amount Percentage
Year Collections Refund Collections Budgeted YTD
2004 $ 161,325.87 $ 10,380.89 $ 150,944.98 $ 10,960,000 1.38%
2003 262,828.53 262,828.55 9,710,000 2.71%
2002 140,846.36 370.87 140,475.49 9,122,450 1.54%
2001 226,965.94 195.64 226,770.30 8,929,780 2.54%
2000 232,747.06 83.16 232,663.90 8,510,744 2.73%
Five Year Collection History -- Industrial District Payments
October Less YTD Amount Percentage
Industrial Collections Refund Collections Budgeted YTD
2004 $ 11,444,184.00 $ - $ 11,444,184.00 $ 14,179,684 80.71%
2003 10,867,300.00 10,867,000.00 13,325,800 81.55%
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%
MIRIAM K. JOHNSON
TAX ASSESSOR-COLLECTOR
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 amount $150,944.98 , represents all taxes collected for
CITY OF Pg[_T ?~RT~HU~R _ during the month of
October, 2004.
Miriam K. Johnson
CITY OF PORT ARTHUR
RECONCILIATION OF DISBURSEMENTS TO COLLECTIONS
FOR OCTOBER 2004
VOUCHERS ISSUED
Date Voucher # Current Delinquent
Amount Amount
10/1/04 106372 $5,333.95
10/1/04 106373 $5,088.91
10/18/04 106436 $711.67
10/18/04 106437 $10,362.38
10/19/04 106462 $2,916.52
10/19/04 106463 $4,432.13
10121/04 106488 $2,880.25
10/21/04 106489 $3,174.93
10/22/04 106507 $4,99681
10/22/04 106508 $920.21
10/25/04 106527 $17,596.05
10/25/04 106528 $1,11353
10/26/04 106554 $20,825.36
10/26/04 106555 $740.11
10/27/04 106571 $16,96028
10/27/04 106572 $1,949.94
10/28/04 106589 $20,035.43
10/28/04 106590 $1,457.03
10/29/04 106614 $23,229.83
10/29/04 106615 $2,683.50
PRIOR MONTH COLLECTIONS TO BE DISBURSED $10,422.86
Current Disbursements $115,486.15
Delinquent Disbursement $31,922.67
LESS TOTAL DISBURSEMENTS $147,408.82
Current Collection $119,888.74
Delinquent Collection $31,056.24
PLUS TOTAL COLLECTIONS $150,944.98
SUBTOTAL $13,959.02
ADJUSTMENTS
Current Adjustments $0.00
Delinquent Adjustments $0.00
PLUS TOTAL DISBURSEMENT ADJUSTMENTS $0.00
TOTAL FUNDS TO BE DISBURSED $13,959.02
CITY OF PORT ARTHUR
REPORT OF COLLECTIONS FOR OCTOBER 2004
CURRENT COLLECTIONS FOR TAX YEAR 2004
Real Raw Tax Collections $114,190.72
Personal Raw Tax Collections $5,698.02
TOTAL RAW TAX COLLECTIONS $119,888,74
Real Raw Tax Refunds $0.00
Personal Raw Tax Refunds $0.00
LESS TOTAL RAW TAX REFUNDS $0.00
Real Supplemental Refunds $0.00
Personal Supplemental Refunds $0.00
LESS TOTAL SUPP REFUNDS $0.00
NET RAW TAX COLLECTIONS $119,888.74
Real P & I on Raw Tax Collections $0,00
Personal P & I on Raw Tax Collections $0.00
TOTAL P & I ON COLLECTIONS $0.00
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 $0.00
Real P & I on Supplemental Refunds $0.00
Personal P & I on Supplemental Refunds $0.00
LESS P & I ON SUPP REFUNDS $0.00
NET PENALTY & INTEREST $0.00
NET COLLECTED $119,888.74
Add Back Refunds Reimbursed Separately by Entity $0.00
NET DOLLARS COLLECTED $119,888.74
MISCELLANEOUS $0.00
IN LIEU OF TAX COLLECTIONS $0,00
OTHER TAX REVENUE $0.00
TOTAL OTHER TAX COLLECTED $0.00
TOTAL DOLLARS COLLECTED FOR CURRENT AND OTHER COLLECTIONS $119,888.74
LESS TIF COLLECTIONS $0.00
MANUAL ADJUSTMENTS $0.00
TOTAL CURRENT COLLECTIONS $119,888.74
CITY OF PORT ARTHUR
REPORT OF COLLECTIONS FOR OCTOBER 2004
DELINQUENT COLLECTIONS FOR TAX YEAR 2004
Real Raw Tax Collections $29,029.42
Personal Raw Tax Collections $2,682.81
TOTAL RAW TAX COLLECTIONS $31,712.23
Real Raw Tax Refunds $18.94
Personat Raw Tax Refunds $0.00
LESS TOTAL RAW TAX REFUNDS $18.94
Real Supplemental Refunds $9,852.87
Personal Supplemental Refunds $8.31
LESS TOTAL SUPP REFUNDS $9,861.18
NET RAW TAX COLLECTIONS $21,832,11
Real P & I on Raw Tax Collections $9,314.15
Personal P & I on Raw Tax Collections $410.75
TOTAL P & I ON COLLECTIONS $9,724.90
Real P & I on Raw Tax Refunds $3.60
Personal P & I on Raw Tax Refunds $0.00
LESS P & I ON RAW TAX REFUNDS $3,60
Real P & I on Supplemental Refunds $495.90
Personal P & I on Supplemental Refunds $1.27
LESS P & I ON SUPP REFUNDS $497,17
NET PENALTY & INTEREST $9,224.13
NET COLLECTED $31,056.24
Add Back Refunds Reimbursed Separately by Entity $0.00
NET DOLLARS COLLECTED $31,056.24
MISCELLANEOUS $0,00
IN LIEU OF TAX COLLECTIONS $0.00
OTHER TAX REVENUE $0.00
TOTAL OTHER TAX COLLECTED $0.00
TOTAL DOLLARS COLLECTED FOR DELINQUENT AND OTHER COLLECTIONS $31,056.24
LESS TIF COLLECTIONS $0.00
MANUAL ADJUSTMENTS $0.00
TOTAL DELINQUENT COLLECTIONS $31,056.24
TOTAL CURRENT AND DELINQUENT COLLECTIONS $150,944.98
CITY OF PORT ARTHUR
CURRENT TAX RECEIVABLE UPDATE
FOR OCTOBER 2004 - TAX YEAR 2004
REAL PERSONAL TOTAL
BEGINNING RECEIVABLE $7,422,954.26 $2,580,435.38 $10,003,389.64
Supp Levy Increase(Decrease) $0.00 $0.00 $0.00
REVISED TAX RECEIVABLE $7,422,954.26 $2,580,435.38 $10,003,389.64
Levy (Lost)Gain $0.00 $0.00 $0.00
Levy Legally Uncollectable $0.00 $0.00 $0.00
ADJUSTED TAX RECEIVABLE $7,422,954.26 $2,580,435.38 $10,003,389,64
Current Collections $114,190.72 $5,698.02 $119,888,74
Less Regular Refunds $0.00 $0.O0 $0.00
Less Supplemental Refunds $0.00 $0.00 $0.00
NET CURRENT COLLECTIONS $114,190.72 $5,698.02 $119,888.74
Plus Overpayments $0.00 $0,00 $0.00
Less Double Pay-Refunds $0.00 $0.00 $0~00
ENDING CURRENT TAX RECEIVABLE $7,308,763.54 $2,574,737.36 $9,883,500.90
CITY OF PORT ARTHUR
YEAR-TO-DATE TAX RECEIVABLE AS OF OCTOBER 2004
FOR CURRENT TAX YEAR 2004
REAL PERSONAL TOTAL
BEGINNING RECEIVABLE $7,422,954,26 $2,580,435.38 $10,003,389.64
Supp Levy Increase(Decrease) $0.00 $0.00 $0,00
REVISED TAX RECEIVABLE $7,422,954.26 $2,580,435.38 $10,003,389.64
LeW (Lost)Gain $0.00 $0.00 $0.00
Levy Legally Uncollectable $0.00 $0.00 $0.00
ADJUSTED TAX RECEIVABLE $7,422,954.26 $2,580,435.38 $10,003,389,64
Current Coliections $114,190.72 $5,698.02 $119,888.74
Less Regular Refunds $0.00 $0.00 $0.00
Less Supplemental Refunds $0.00 $0.00 $0.00
NET CURRENT COLLECTIONS $114,190.72 $5,698.02 $119,888.74
Plus Overpayments $0,00 $0.00 $0.00
Less Double Pay-Refunds $0.00 $0.00 $0.00
ENDING CURRENT TAX RECEIVABLE $7,308,763.54 $2,574,737.36 $9,883,500.90
PERCENTAGE OF RECEIVABLE TO DATE 1.54% 0.22% 1.20%
CITY OF PORT ARTHUR
DELINQUENT TAX RECEIVABLE UPDATE
FOR OCTOBER 2004 - TAX YEAR 2004
REAL PERSONAL TOTAL
BEGINNING RECEIVABLE $1,827,555.44 $682,612.61 $2,510,168.05
Supp Levy Increase(Decrease) ($28,235.27) ($53.51) ($28,288.78)
REVISED TAX RECEIVABLE $1,799,320.17 $682,559.10 $2,481,87927
Levy (Lost)Gain $0.00 $0.00 $0.00
Levy Legally Uncollectable $0.00 $0.00 $0.00
ADJUSTED TAX RECEIVABLE $1,799,320.17 $682,559.10 $2,481,879.27
Delinquent Collections $29,029.42 $2,682.81 $31,712.23
Less Regular Refunds $18.94 $0.00 $18.94
Less Supplemental Refunds $9,852.87 $8.31 $9,861.18
NET DELINQUENT COLLECTIONS $19,157.61 $2,674.50 $21,832.11
Plus Overpayments $0.00 $0.00 $0.00
Less Double Pay-Refunds $0.00 $0.00 $0.00
ENDING DELINQUENT TAX RECEIVABLE $1,780,162.56 $679,884.60 $2,460,047.16
CITY OF PORT ARTHUR
YEAR-TO-DATE TAX RECEIVABLE AS OF OCTOBER 2004
FOR DELINQUENT TAX YEARS - TAX YEAR 2004
REAL PERSONAL TOTAL
BEGINNING RECEIVABLE $1,827,555.44 $682,612.61 $2,510,168.05
Supp Levy Increase(Decrease) ($28,235.27) ($53.51) ($28,288.78)
REVISED TAX RECEIVABLE $1,799,320.17 $682,559.10 $2,481,879.27
Levy (Lost)Gain $0.00 $0.00 $0.00
Levy Legally Uncollectable $0.00 $0.00 $0.00
ADJUSTED TAX RECEIVABLE $1,799,320.17 $882,559.10 $2,481,879.27
Delinquent Collections $29,029.42 $2,682.81 $31,712.23
Less Regular Refunds $18.94 $0.00 $18.94
Less Supplemental Refunds $9,852.87 $8.31 $9,861.18
NET DELINQUENT COLLECTIONS $19,157.61 $2,674.50 $21,832.11
Plus Overpayments $0.00 $0.00 $0.00
Less Double Pay-Refunds $0.00 $0.00 $0.00
ENDING DELINQUENT TAX RECErVABLE $1,780,162.56 $679,884.60 $2,460,047.16
PERCENTAGE OF RECEIVABLE TO DATE 1.06% 0.39% 0.88%
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