FY2020 2nd Quarter Financial Review
Executive Dashboard – 2nd Quarter, 2020 Fiscal Year Financial Indicators Positive variance compared to historical trends Positive Negative variance of 3%-5% and more than $50,000 compared to historical trends Warning Negative variance of >5% and more than $50,000 compared to historical trends Negative FY2020 Actual through % Annual Key Revenue Sources Budget 03/31/20 Budget Ad Valorem Taxes - General Fund $ 18,752,174 $ 18,694,825 99.69% Non-Property Taxes - General Fund 14,840,000 8,186,493 55.17% Hotel Tax 5,540,000 2,185,756 39.45% Franchise Fees - General Fund 2,332,100 1,351,735 57.96% Service/Permitting/License Fees - General Fund 2,706,790 1,794,179 66.28% Rental Income - All Funds 5,223,600 2,537,255 48.57% Fines and Penalties - All Funds 427,000 191,780 44.91% Special Event Revenue - Hotel Fund 1,297,500 128,960 9.94% Fuel Flowage Fees - Airport Fund 916,000 493,237 53.85% Water and Sewer Charges - Utility Fund 12,927,738 5,094,785 39.41% FY2020 Actual through % Annual Key Expenditures Budget 03/31/20 Budget General Fund $ 43,119,096 $ 19,027,690 44.13% Hotel Fund 7,937,706 2,511,079 31.63% Economic Development 1,870,331 716,614 38.31% Airport Operations 5,635,675 2,839,673 50.39% Utility Operations 13,112,660 6,702,934 51.12%
Executive Dashboard – 2nd Quarter, 2020 Fiscal Year Financial & Staffing Indicators Personnel Information: Separations – Benefitted Positions New Hires - Benefitted Positions 01/2020-03/2020 FY2020 01/2020-03/2020 FY2020 Part-Time Full-time Total, 4th Part-Time Full-time Total, 4th Department YTD Department YTD Positions positions Qtr Positions positions Qtr City Manager 0 0 0 0 City Manager 0 0 0 0 Conference Centre Conference Centre 0 0 0 1 0 2 2 3 Development Development 0 0 0 0 0 1 1 1 Services Services Finance Finance 0 0 0 2 0 2 2 2 Fire 0 1 1 1 Fire 0 1 1 4 General Services 0 0 0 0 General Services 0 0 0 0 Human Resources Human Resources 0 0 0 0 0 0 0 0 Public Works 0 1 1 2 Public Works 0 2 2 3 Municipal Court Municipal Court 0 0 0 0 0 0 0 0 Parks Parks 0 0 0 1 0 1 1 2 Police 0 2 2 3 Police 0 1 1 3 Recreation Recreation 0 0 0 2 2 0 2 2 Special Events Special Events 0 0 0 1 0 0 0 1 Grand Total 0 4 4 13 Grand Total 2 11 13 23 Economic Development Incentives: 2nd Quarter Sales Tax Comparison 15.00 10.00 Millions Executed Amount Paid Total Incentives Agreements FY20 Committed 5.00 0.00 Addison Carrollton Farmers Branch Richardson 5 $0 $505,334 (10% decrease)* (2% decrease) (2% increase) (12% increase) FY2019 FY2020 *Decrease due to audit payment received in FY2019. If not for the audit payment, sales tax would be at an increase of 2.73% compared to Q2 of FY2019.
Executive Dashboard – 2nd Quarter, 2020 Fiscal Year Economic Indicators Addison Hotel Statistics DFW Unemployment Rate Hotel Revenue Per $120 90.0% Last 12 months Available Room 80.0% 5.00% $100 $100 70.0% 4.00% $90 $80 60.0% 3.00% $80 50.0% $70 $60 2.00% $60 40.0% 1.00% $50 $40 30.0% $40 0.00% 20.0% $20 10.0% $0 0.0% Hotel Indicators: Occupancy Indicators: Room Rate (ADR) Rev Par Occupancy Office Occupancy Retail Occupancy Hotel Occupancy RevPAR 78.8% 94.0% 53.3% $54.81 Quarterly Permit Activity, Year over Year 5.6% 2.2% 11.3% 17.1% 600 Source: CoStar (compares to Source: STR Report prior year Q2) (compares to prior year Q2) 500 242 Total Permits Issued and Valuation 400 1,800 $200 # of Permits $180 1,600 1,534 300 $160 1,400 1,312 172 # of Permits 1,164 $140 1,200 210 $120 1,000 200 103 742 $100 132 Millions 800 $80 95 600 $60 70 100 400 53 $40 141 200 $20 93 69 72 0 $0 - FY17 FY18 FY19 FY20 YTD FY17 2nd Qtr FY18 2nd Qtr FY19 2nd Qtr FY20 2nd Qtr Total Permits Issued Total Permit Valuation Certificates of Occupancy Building Permits Other Permits
Executive Dashboard – 2nd Quarter, 2020 Fiscal Year Sales Tax Information Monthly Sales Tax Collections $2,800,000 $2,600,000 $2,400,000 $2,200,000 $2,000,000 $1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 FY2018 FY2019 FY2020
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