Wednesday, October 16, 2013
Revenue exceeded spending by $12.6 million on the city's general fund balance sheet for the fiscal year ended June 30, according to a report presented to the City Council's Budget Committee on Thursday.
Sales, property and hotel room taxes increased, according to Rolando Charvel of the City Comptroller's Office. The taxes are a major component of the general fund, which pays for basic city services such as fire and police protection.
Hotel room tax revenue rose the most -- 7.2 percent to $83.9 million, Charvel said, adding that his report contained pre-audit figures.
Sales tax revenue rose 5.7 percent to $232.9 million, he said.
Property tax revenue totaling $412.2 million was up 0.2 percent from fiscal 2012-13, he said.
Salaries totaled $505.7 million, up 0.6 percent from than the previous year but about $5 million less than budgeted.
Fringe benefits cost taxpayers $321.5 million, rising 3.3 percent and about $80,000 more than budgeted in the city's revised spending plan, Charvel said.
Spending for information and technology rose 36.9 percent to $42.4 million, and energy and utilities costs rose 28.2 percent to $40.3 million.
The IT increase stemmed from shifting work done by the city's quasi-independent Data Processing Corp. to a contractor, Charvel said. The increased energy costs were primarily the result of reclassifying fuel costs for the city's vehicle fleet during the accounting process, according to the report.
The committee voted unanimously to accept the report.