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The Revenue Manual
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Boise uses the Revenue Manual to document information about the City�s most
significant revenue sources. Revenue projections and analysis of revenue trends
and assumptions about future proceeds provide the foundation for development of
the Two Year budget (2YB.) The City has adopted revenue policies to guide
planning and management of revenue sources.
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| Key Revenue Categories |
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The Revenue Manual focuses on the key revenue sources that provide the majority
of City resources. This is because 75 percent of all City revenue is derived
from three sources: taxes, user fees and sales tax revenue sharing. In the
General Fund, 82 percent of all revenue is received from property taxes (61%),
User fees (11%), and sales tax revenue sharing (10%). Detail about minor
revenue sources is typically found in department budget information. |
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The City Council has approved long term goals for the City�s revenue system
that include:
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To develop and maintain a fair, relatively stable and diversified revenue
portfolio, with equitable impact on individual taxpayers and ratepayers. |
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To equitably recover the cost of service through rates and fees - for services
and facilities that are susceptible to a direct benefit received determination
for users.
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To structurally balance revenues and revenue sources with costs within the
City�s budgetary system based, in part upon the characteristics of revenue
sources.
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To manage and monitor revenues to assure that the City
has reliable and accurate information for budgetary decision-making. |
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To meet all legal and procedural requirements and to establish and maintain
appropriate controls to assure the City�s revenues are disclosed and
safeguarded.
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The Revenue Manual includes sections for the various funds, with significant
attention to the tax supported General Fund and Capital Fund, which are funded
primarily through property taxes. The designated fund managers manage revenue
Manual documentation for enterprise funds, internal service and other funds.
The revenue manual for all funds provides a foundation for budget process.
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Components of the Revenue Manual:
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Each major revenue source has six components of documentation:
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Projection analysis, that includes the
best estimates and that summarizes the projection assumptions, trend data, and
issues associated with the revenue source;
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Statute/Authorization, which documents
the Idaho State Code or other legal authorization to the City;
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Base, which documents the base upon
which the revenue is levied or calculated;
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Rate/Formula, which identifies the way
the revenue is levied or assessed;
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10 Year History, which shows actuals �
historical data for the preceding decade; and
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6 Year Projections, which displays the
projection spreadsheet through the six year planning window.
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Changes in the Revenue Manual
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Revenues are monitored quarterly and the data is used to update six-year
rolling projections. The Revenue Manual update is a key beginning step in the
2YB process.
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