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HomeMy WebLinkAbout24 - NB-2 - Attachment 1 - 3/3/2015Attachment A City of Costa Mesa Sales Tax Volatility x 1.5% Augmentation Factor 41,636,408 20,818,204 13,740,015 Reserve Recommendation 20,818,204 Sales Tax :.. 60000000 __. __.. _.. _... .._ _... _.. 50000000 !. 40000000 30000000 -.. ... ... ._. _ _._._ _ _. . _... ........ 20000000 __ ... _. .._. _._. _.._._. .. .. _... _._ '.... 1.0000000 ...._. .. _.... . _.. .__ ......... .._.._ __ _._... .. _. FY FY FY FY FY FY FY FY rY FY FY FY FY FY FY FY 99-00 00-01 01-02 02-03 03-04 04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14 14-15 Amount $ Change % Change Annual Loss FY 99-00 Actual $ 32,650,942 FY 00-01 Actual 36,117,543 3,466,601 10.6% FY 01-02 Actual 34,460,553 (1,656,990) -4.6% FY 02-03 Actual 35,527,005 1,066,452 3.1% FY 03-04 Actual 40,244,632 4,717,627 13.3% FY 04-05 Actual 42,714,022 2,469,390 6.1% FY 05-06 Actual 45,116,231 2,402,209 5.6% FY 06-07 Actual 42,601,119 (2,515,112) -5.6% FY 07-08 Actual 45,835,428 3,234,309 7.6% FY 08-09 Actual 38,659,255 (7,176,173) -15.7% 7,176,173 FY 09-10 Actual 34,516,830 (4,142,425) -10.7% 11,318,598 FY 10-11 Actual 40,173,715 5,656,885 16.4% 5,661,713 FY 11-12 Actual 42,234,307 2,060,592 5.1% 3,601,121 FY 12-13 Actual 45,830,110 3,595,803 8.5% FY 13-14 Actual 49,264,633 3,434,523 7.5% FY 14-15 Adopted 50,169,000 904,367 1.8% Reserve Study Reduction Scenarios: Percent of Loss Covered by Reserves Recession/Recovery Years Loss 100% 50% 33% 2/2 what if scenario 24,156,484 24,156,484 12,078,242 7,971,640 2/3 actual experience 27,757,606 27,757,606 13,878,803 9,160,010 3/3 what if scenario 34,933,779 34,933,779 17,466,889 11,528,147 x 1.5% Augmentation Factor 41,636,408 20,818,204 13,740,015 Reserve Recommendation 20,818,204