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EXHIBIT Q <br />August 21, 2002 <br />MEMORANDUM <br />TO: MICHAEL E. MALONE, CITY MANAGER <br />FROM: GENE ANDERSON, FINANCE DIRECTOR <br />SUBJECT: UPDATED REVENUE ESTIMATES <br />Per your request, I have updated my preliminary revenue estimates. <br />GENERAL FUND <br />1. Current property taxes are projected to be $6,060,000. That is $60,890 above budget projections. <br />2. The one and the 'A cent sales taxes are projected to be $4,490,066. That is $509,934 below bude == <br />3. TXU Gas franchise tax is projected to be $308,806. That is $27,194 below budget. <br />4. TXU Electric franchise annual tax payment was received today in the amount of $1,662,855. TL=— <br />$66,467 over the budgeted amount. <br />5. Interest revenue is projected to be $160,000. That is $90,000 below budget. <br />6. Brush fees have not materialized. Current budget calls for $90,000. Actual is expected to be only <br />$7,000. <br />WATER & SEWER FUND <br />7. Sewer charges are projected to be $3,880,325. That is $179,675 below budget. <br />8. Industrial surcharges are projected to be $175,000. That is $50,000 below budget. <br />9. Water sales are projected to be $5,907,946. That is $360,304 below budget. <br />