Laserfiche WebLink
ta <br />www.FinanceDTA.com <br />revenue to the City's General Fund. <br />B.3 Charges for Services <br />SECTION III <br />DESCRIPTION OF RECURRING <br />FISCAL REVENUES/COSTS <br />Charges for services is another area that generates revenues on behalf of the City's <br />General Fund, accounting for 3% of total General Fund recurring revenues in <br />FY 2023-24. This category is made up of service charges and fees imposed on users <br />for specialized services provided by the City under the rationale that benefiting <br />parties, rather than the general public, should pay for the cost of those services. <br />Note, only charges for non -development services are evaluated for this Report. <br />Note that the revenue multiplier presented in this section has been reduced by 15% <br />to account for only the portion of the charges for services revenues that are expected <br />to vary with population and employee growth in the City, as opposed to such <br />revenues that are fixed and will therefore remain unchanged by the Project. <br />DTA has forecasted charges for services at $24.50 per Person Served using the Per <br />Capita Multiplier Method (this represents a marginal increase in revenue per <br />additional Persons Served in this category). This is expected to generate $5,219 in <br />additional revenue to the City's General Fund. <br />B.4 Licenses and Permits <br />In addition to business licenses, the City imposes fees on a variety of permits. This <br />is a reliable source of revenue and it is expected to continue to be a steady <br />contributor to the General Fund over the coming years. Note, only <br />non -development licenses and permits are evaluated for this Report. <br />Note that the revenue multiplier presented in this section has been reduced by 15% <br />to account for only the portion of the licenses and permits tax revenues that are <br />expected to vary with population and employee growth in the City, as opposed to <br />such revenues that are fixed and will therefore remain unchanged by the Project. <br />DTA forecasts the licenses and permits tax at $7.78 per Persons Served using the Per <br />Capita Multiplier Method generating $1,657 in additional revenue to the City's <br />General Fund. <br />B.S Fines, Forfeitures, and Penalties <br />To ensure the payment of various licenses and fees, the City Code empowers the <br />City to impose penalties and collect fines in several areas. Although considered a <br />consistent revenue stream each year, the City expects to derive 1% of its total <br />FY 2023-24 General Fund revenues from fines, forfeitures, and penalties. <br />Note that the revenue multiplier presented in this section has been reduced by 15% <br />to account for only the portion of the fines, forfeitures, and penalties that are <br />expected to vary with population and employee growth in the City. Fines, forfeitures, <br />and penalties are projected at $12.98 per Person Served, generating $2,765 in <br />EPD Solutions, Inc. May 13, 2024 <br />South Coast Technology Center Fiscal Impact Analysis Report <br />110 <br />