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REVENUE ANALYSIS General Fund The General Fund is the primary operating fund of the City. It provides the financial resources for the majority of City programs and services including general administration, capital programs, courts, economic development, planning, zoning, and inspections, health and social services, libraries, public safety, public works, parks and recreation, and tourism. General Fund revenue is comprised of general property tax revenue (61%), other local tax revenue (21%), revenue from fees and charges (4%), state revenue (10%), federal revenue (2%), and fund transfers (2%). General Fund revenue is projected to increase 2.7% over the previous year budget in FY 20 to $219M.

General Fund Revenue FY 17 Actual General Property Taxes Other Local Taxes Revenue from Fees and Charges State Revenue Federal Revenue Fund Transfers

FY 18 Actual

FY 19 Budget

FY 19 Projected

FY 20 Adopted

$ 121,658,169 $ 125,207,480 $ 129,634,771 $ 132,322,264 $ 133,792,277 43,167,506 45,736,944 43,775,000 45,933,814 45,850,000 8,242,414 9,204,034 8,014,000 9,262,578 9,517,019 21,339,317 20,291,781 20,871,429 21,102,208 21,207,551 5,471,106 4,919,215 4,952,923 4,981,312 4,978,215 2,350,066 5,943,701 9,832,749 3,695,930 2,493,685 $ 202,372,197 $ 207,709,520 $ 213,191,824 $ 223,434,925 $ 219,040,992

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Profile for City of Suffolk, Virginia

Adopted FY20 Operating and Capital Budget  

Adopted FY20 Operating and Capital Budget