Laserfiche WebLink
Sources of Revenue <br /> <br /> The City derives its revenue from a variety of sources. The following table shows the estimated <br />allocation of the City's General Fund revenue by source: <br /> <br />Source <br /> <br />% of Total 1996 <br />General Fund <br />Revenue <br /> <br />% of Total Budgeted <br />1997 General Fund <br />Revenue (!) <br /> <br />General Property Taxes <br />Charges for City Services <br />Intergovernmental Aid <br />Licenses, Permits, Fines and Fees <br />Interest on Investments <br />Miscellaneous <br /> Total <br /> <br />20.4% % <br />15.5 <br />32.5 <br />25.3 <br />2.7 <br />3.6 <br />100.0% 100.0% <br /> <br />(!) Projected, based upon the City's approved budget for the fiscal year ending June 30, 1997. <br />Source: City of University City, Director of Finance. <br /> <br />Projected Project Revenues <br /> <br /> The City intends to satisfy its obligation to make Base Rentals under the Lease primarily out of <br />the revenues to be generated from the Project, which include parking revenues and retail space leasing <br />revenues. Purchasers of the Certificates should be aware, however, that such revenues are not pledged <br />to the payment of the Certificates. <br /> <br /> The following table shows the City's projected revenues and estimated expenses for the Project in a <br />"stabilized" year after the facility is fully operational and ready for occupancy. Parking revenue and expense <br />estimates were compiled by the City with assistance from St. Louis Parking Co., the St. Louis area's leading <br />parking facility management firm. Retail revenue estimates are based on recent leasing activity in the Loop <br />Business District. <br /> <br />[Remainder of this page intentionally left blank.] <br /> <br />-24- <br /> <br /> <br />