City
of Monterey
1998-99 Adopted Budget
GENERAL FUND REVENUES
The pie chart below shows how the
projected General Fund revenue is distributed for 1998-99. The Transient
Occupancy Tax ( T.O.T.) is by far the City's largest revenue source.
Note that 84% of this revenue is allocated to the General Fund. The
other 16% is allocated to the Neighborhood Improvement Fund which pays
for much of the capital improvements made within the City's many neighborhoods.
The table below shows in dollars the
revenue estimated for 1998-99 and the revenue received for three prior
fiscal years.
| General
Fund |
1995-96 |
1996-97 |
1997-98 |
1998-99 |
| Revenues |
ACTUAL |
ACTUAL |
ESTIMATE |
BUDGET |
| TRANSIENT
TAX |
9,079,068 |
9,918,057 |
10,750,000 |
11,200,000 |
| SALES
TAX |
5,578,794 |
5,915,944 |
6,023,000 |
6,323,000 |
| PROPERTY
TAX |
2,984,612 |
3,093,006 |
3,158,000 |
3,264,500 |
| BUSINESS
TAX |
1,770,468 |
1,904,781 |
2,000,000 |
2,050,000 |
| UTILITY
TAX |
1,557,018 |
1,671,395 |
1,740,000 |
1,795,000 |
| OTHER
TAXES |
1,065,782 |
1,075,652 |
1,023,000 |
1,047,000 |
| INTEREST |
1,173,084 |
1,445,932 |
1,100,000 |
1,100,000 |
| INTERGOVT.
REVENUE |
2,086,779 |
2,068,222 |
2,015,350 |
2,057,000 |
| CURRENT
SERVICES |
4,286,762 |
4,345,952 |
4,741,640 |
4,982,965 |
| RENTAL
INCOME |
1,413,861 |
1,530,334 |
1,683,500 |
1,728,560 |
| OTHER |
373,939 |
1,553,592 |
922,350 |
846,200 |
| TOTAL |
31,370,167 |
34,522,867 |
35,156,840 |
36,394,225 |
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City Budget Home
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of Monterey Home Page
Rev 10/06/98 J. Splane
http://www.monterey.org/budget/gfrevenue.html
