CITY OF SUFFOLK, VIRGINIA PROPOSED FY 2022-23 OPERATING AND CAPITAL BUDGET GENERAL FUND Revenue Summary
Revenue Type
2019-2020 Actual
2020-2021 Actual
2021-2022 Budget
2021-2022 Projected
Budget 2022-2023 % Recommended Change
GENERAL PROPERTY TAXES Real Property Public Service Corporation Taxes Personal Property Penalties and Interest on Taxes
$
107,935,979 $ 4,598,789 26,018,535 1,428,885
111,770,586 $ 4,822,307 26,278,166 1,546,895
117,869,846 $ 4,800,000 26,000,000 1,300,000
120,864,206 $ 4,842,247 27,439,091 1,619,346
134,267,755 4,800,000 29,000,000 1,600,000
14% 0% 12% 23%
Total General Property Taxes
$
139,982,189 $
144,417,955 $
149,969,846 $
154,764,890 $
169,667,755
13%
12,626,601 2,890,793 4,755,918 8,412,262 2,624,213 582,250 2,513,189 1,920,427 191,456 1,470,419 10,723,032
15,618,307 2,627,477 4,864,689 9,212,742 2,682,701 706,211 2,448,497 2,028,076 6,013 1,657,435 11,239,883
13,500,000 2,300,000 4,700,000 7,500,000 2,500,000 706,203 2,200,000 1,900,000 1,400,000 11,000,000
15,618,307 2,507,137 4,852,127 9,212,742 2,682,701 706,203 2,224,020 1,769,375 89,150 1,657,435 13,747,948
15,500,000 2,300,000 4,700,000 9,300,000 2,500,000 706,203 2,200,000 1,600,000 75,000 1,600,000 13,500,000
15% 0% 0% 24% 0% 0% 0% -16% 14% 23%
48,710,560 $ 188,692,748 $
53,092,028 $ 197,509,983 $
47,706,203 $ 197,676,049 $
55,067,145 $ 209,832,035 $
53,981,203 223,648,958
13% 13%
27,713 13,090 3,960 287,280 1,314,715 74,048 65,715 830 1,370
29,279 15,339 3,721 360,772 1,403,487 77,273 201,321 1,955 1,010
35,000 15,000 3,000 300,000 1,000,000 70,000 65,000 1,300 1,400
21,201 15,000 3,118 312,961 1,551,793 56,359 120,206 1,300 1,400
30,000 15,000 3,000 300,000 1,200,000 70,000 65,000 1,300 1,400
-14% 0% 0% 0% 20% 0% 0% 0% 0%
OTHER LOCAL TAXES Sales and Use Tax Communications Sales Tax Utility Taxes ( Electric / Gas) Business License Tax Motor Vehicle License Tax / Fee Bank Stock Tax Recordation & Probate Tax Tobacco Tax Admissions Tax Lodging Tax Meals Tax Total Other Local Taxes TOTAL LOCAL TAX REVENUE
$ $
PERMITS, PRIVILEGE FEES, AND REGULATORY LICENSES Animal License Land Use Application Fee Land Transfer Fee Zoning, Use and Ordinance Fee Building Permits Weapons Permits Borrow Pit Fees Fishing Permits Miscellaneous Permits Total Permits, Privilege Fees, and Regulatory Licenses
$
1,788,722 $
2,094,158 $
1,490,700 $
2,083,338 $
1,685,700
13%
375,000 140,000 170,000
-25% 0% 0%
FINES & FORFEITURES General District Court Fines Parking Fines and Violation Fees False Alarm Violation Fees Total Fines & Forfeitures
466,986 137,700 175,620 $
780,306 $
373,637 162,638 164,052 700,327 $
500,000 140,000 170,000 810,000 $
373,637 110,596 170,000 654,233 $
685,000
-15%
REVENUE FROM USE OF MONEY AND PROPERTY Interest on Investments Interest on Bond Proceeds Municipal Center Building Rent Park Facility Use Fees Recreational Building Rental Antenna Space Rental Vending Machine Commission Other Rentals Total Revenue from Use of Money and Property
1,510,441 856,822 217,471 7,563 58,959 34,560 16,536 4,675 $
2,707,027 $
325,243 111,577 215,468 17,152 67,926 34,560 6,171 4,675 782,774 $
400,000 400,000 217,471 20,000 100,000 34,560 4,675 1,176,706 $
146,059 129,514 215,468 20,000 104,485 34,560 7,798 4,675 662,559 $
250,000 250,000 193,538 20,000 100,000 34,560 4,675 852,773
-38% -38% -11% 0% 0% 0% 0% -28%
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