Council Monthly Report - November 2024

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171,027,000 Gallons of Water Billed in November The Town of Prescott Valley's three Water Principles are:

Did you know Water & Land Stewardship

TOTAL BUDGETED REVENUE SOURCES

$178.3 M

Where does the money come from?

Revenues

Current Trending to Budget by Source

Operating Expenses

Total Budgeted Operating Expenses $50.7M

11% Less Than Budget for Personnel Expenses

35% Less Than Budget for Operating Expenses

73% Less Than Budget for One-Time Operating Expenses

25.04% Positive Variance to Budget

Capital Projects

Total Capital Improvement Projects Budget $100.5M

Sales Tax Activity

5% More Retail Tax Collected Than in November 2023

10% of Retail Tax Collected is Attributed to Online Retail Businesses

315 New Business Licenses in the Past 12 Months

2,991 Online Retail Businesses Are Reporting Tax

5% Less Restaurant Sales Tax Collected Than in November 2023

12% Less Construction Tax Collected Than in November 2023

Retail tax represents 63% of the total transaction privilege tax (TPT) or sales tax the Town collected for November

Business License Activity

Permit Activity

3 New Commercial Permits Issued

19 New Single Family Permits Issued

12 Addition/Alteration, Electrical, Sign and Zoning Permits Issued (Commercial)

$181,574 Total Commercial Permit Fees

120 Demolition, Addition/Alteration, Manufactured/Mobile Home, Electrical, Plumbing, Re-roof, and Zoning Permits Commercial

$10,446,461 Total Commercial Permit

Valuation Activity

0 Multi-Family Permits Issued

7 Solar Permits Issued

$183,220 Total Residential Permit Fees

$5,414,985 Total Residential Permit

Valuation Activity

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