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Other Fund Highlights
<br />Construction Permits Financial Summary
<br />FY06 FY06 FY07 % Change
<br />FY05 Budget Budget Proposed FY06 7/1/05
<br />Actual 7/1/2005 12/31/2005 Budget FY07 Proposed
<br />Resources:
<br />Licenses/Permits 3,745,249 3,108,000 3,108,000 4,315,600 38.9%
<br />Charges for Services 2,489,797 2,045,322 2,045,322 2,863,400 40.0%
<br />Fines/Forfeitures 9,822 15,000 15,000 10,000 -33.3%
<br />Miscellaneous/Interest 79,786 70,000 70,000 290,000 314.3%
<br />Beginning Working Capital 0 2,922,705 4,233,048 5,831,914 99.5%
<br />Total Resources $6,324,654 $8,161,027 $9,471,370 $13,310,914 63.1%
<br />Requirements:
<br />Departmental Operating $3,989,261 $4,659,332 $4,659,332 $6,791,926 45.8%
<br />Interfund Transfers 460,000 452,000 452,000 345,000 -23.7%
<br />Balance Available 0 3,049,695 4,360,038 6,173,988
<br />Total Requirements $4,449,261 $8,161,027 $9,471,370 $13,310,914 63.1%
<br />FY07 Construction Permits Fund Revenue
<br />Miscellaneous/ Charges for
<br />Interest Services/Permits
<br />4% 96%
<br />Fines
<br /><1%
<br />The purpose of this fund is to account for construction permit services related to
<br />properties within the City limits and urban growth boundary, including the review of site
<br />and structural plans, issuance of construction permits, and inspection of construction
<br />activities in accordance with applicable Federal, State and City regulations. These
<br />services are funded entirely by permit and plan check fees. The need to be responsive to
<br />the volatility in the construction industry makes predicting future workloads challenging.
<br />FY06 continues to show rapid growth in building activity and several new, large-scale
<br />building projects are being discussed for the downtown and university areas.
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