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Mar City Budget, 2008-2009 August 2008
The table below summarizes the city's budget for the next fiscal year, recently adopted by the City Council. Some interesting items to note are: The budget is balanced with a healthy contingency reserve of over $1million; Transient occupancy tax is money paid by those who rent hotel rooms here; “Race track” is our share of the "handle", i.e., money that is bet at races; The clean water fund represents the amount we pay to comply with state and federal unfunded mandates; The capital improvement fund is the amount we accumulate for large long-term needs; Much of the money under “lifeguard” and “beaches and parks” is to provide services to visitors.
(a) Includes Property Tax, and Property Tax in Lieu of VLF (b) Includes Sales and Use Tax, Property Tax in Lieu of Sales Tax and Safety Sales Tax (c) Includes Franchise Tax, Business License Tax and Real Property Transfer Tax (d) Planning, Engineering and Building Services (e) Includes Fines and Forfeitures and Parking Meter Income (f) Excludes any grant funding included above, and Open Space race track revenue (g) Patrol and Traffic Enforcement (h) Lifeguard Services Only
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