HomeMy WebLinkAboutFINANCE REPORT (2)CITY OF PORT ARTHUR
FINANCIAL REPORT
AUGUST, 2005
PREPARED BY:
THE FINANCE DEPARTMENT
September 21, 2005
OSCAR G. ORTIZ, MAYOR STEPHEN FITZGIBBONS
BONNIE H. THOMPSON, MAYOR PRO-TEM CiTY MANAGER
EVANGELINE "VAN" GREEN
COUNCIL MEMBERS: CITY SECRETARY
WILLIE LEWIS, JR. C£~ of
FELIX A. BARKER MARK T. 80KOLOW
THOMAS J. HENDERSON CITY ATTORNEY
MARTIN FLOOD
JOHN BEARD, JR.
DELORIS PRINCE
MICHAEL "SHANE" SINEGAL Texas
October 21, 2005
Steve Fitzgibbons, City Manager
Mayor and Councilmembers
I am pleased to present the financial report for the month ended August 31, 2005. This
report reflects the results of City operations for eleven months of the fiscal year.
RESULTS OF OPERATIONS
The final industrial payments for the 2005 fiscal year were received in August. Sales Tax
continues to perform well, at 6.4% ahead of last year, and on target to meet budget
projections of $5.65 million for the year. Municipal Court revenue continues to run ahead
of last year and is $84,000 more than this time last year. Water Utility revenue is slighdy
behind last year. All of the other funds are performing as expected at this time.
INVESTMENT REPORT
The monthly investment report reflects that the City complied with adopted investment
policies and that the total $21.3 milhon portfolio, which includes EDC and bond funds,
earned interest of $58,580.98 for the month.
TAX REPORT
The tax report reflects collections from the Jefferson Tax Office of $80,566.84 and the final
industrial payments for fiscal 2005 collected by the Finance Department in the amount of
$2,527,000.
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.
~rely, -~
Finance Ukector
BO. BOX 1089 * PORT ARTHUR, TEXAS 77641-1089 · 409/983-8115 · FAX 409/983-8291
-08-0
City of Port Arthur
Taxes collected for August, 2005
Pursuant to Section 31. I 0 of Texas Property Tax Code, the attached report of taxes, penalty and
interest collected through the month of August, 2005.
Collected by Jefferson County Tax Assessor-Collector $ 80,566.84
Collected by Orange County Tax Assessor-Collector
Collected by Finance Department 2,527,000.00
$ 2~607~566.84
August YTD Amount Percentage
2005 Collections Collections Budgeted YTD
Current $ 36,238.73 $ 10,272,856.52 $ $10,390,000 98.87%
Delinquent 24,766.16 294,629.53 310,000 95.04%
P & l 19,561.95 239,133.42 240,000 99.64%
Other 20,000
Total $ 80,566.84 $ 10,806,619.47 $ 10,960,000 98.60%
This report shows that $10,806,000 or 98.60 % of the amount budgeted from property tax sources has been
collected through August, 2005.
Five Year Collection History - Property Taxes
Tax August Less YTD Amount Percentage
Year Collections Refund Collections Budgeted YTD
2004 $ 80,566.84 $ - $ 10,806,619.47 $ 10,960,000 98.60%
2003 180,101.52 103,213.02 9,679,989.14 9,710,000 99.690/0
2002 86,226.95 3,784.91 9,261,945.55 9,459,639 97.91%
2001 62,824.25 660.84 8,913,301.23 9,122,450 97.71%
2000 81,552.48 11,530.72 8,837,295.73 8,929,780 98.96%
Five Year Collection History - Industrial District Payments
August Less YTD Amount Percentage
Industrial Collections Refund Collections Budgeted YTD
2004 $ 2,527,000.00 $ - $ 14,179,684.00 $ 14,179,684 100.00%
2003 2,250,000.00 13,300,800.00 13,325,800 99.81%
2002 2,250,000.00 13,275,000.00 13,318,973 99.67%
2001 13,573,972.51 13,330,295 101.83%
2000 12,503,377.90 12,501,404 100.02%
Z:~Finance\Tax Reports
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 $80,566.84 , represents all taxes collected for
CITY OF PORT ARTHUR during the month of
August, 2005.