Reso 2020-033 CAFR for Fiscal Year Ended June 30, 2019

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Revenue — Total revenue for Fiscal Year 2018-19 amounted to $156.6 million, an $4.8 million increase from the prior year. Of this amount, revenue from governmental activities increased by $1.2 million or 0.9% and revenue from business -type activities inreased by $3.6 million or 20.0%. The increase in revenue was due to the following: • Charges for services in Governmental activities are primarily fees for recreation, building, fire, planning and engineering services. Revenue from these charges saw an increase of $0.6 million. Business -Type Activities saw an increase of $1.7 million most of which is attributed to the Water Pollution Control Plant and Shoreline. • Operating grants, capital grants, and contributions include Federal and State grants and other government and private contributions, including impact fees. Operating grants, capital grants and contributions decreased by $0.2 million in 2018-19. • Property taxes increased 4.9% or $1.1 million when compared to the 2017-18 fiscal year. This is consistent with an increase in property taxes levied and assessed valuations provided through the County Assessor's Office. • Sales tax revenue increased by 6.7% or $2.9 million, year over year. The City's three largest sales tax producing sectors were Transportation, Construction, and General Retail followed by Business to Business and Food Products. The City saw significant sales tax revenue growth in Wholesale Building Materials and Miscellaneous Vehicle Sales. New Auto Sales continue to decrease from its high four years ago. • Gain or loss on sale of assets decreased by $0.5 million. The higher related expenditure in 2017-18 related to one-time acquisition of real properties. • Miscellaneous revenues decreased by $4.6 million from the prior Fiscal Year. The higher related expenditure in Fiscal Year 2017-18 mostly related to higher capital improvement project costs.