Revenues Drop, City Cuts Budget
Merchants seek help from city in promoting Ojai as tourism mecca
By Sondra Murphy
It is no secret the local economy is not immune to the national downturn, especially in Ojai’s core industry of tourism.
On Tuesday, city manager Jere Kersnar offered preliminary figures for the first quarterly budget review to the Ojai City Council.
The report began ominously, as the city sought council recommendation to begin preparation of a budget control plan to be ready by the midyear budget review, if not sooner.
Sept. 30 marked the end of the first quarter, giving a limited view of city finances, since not all revenue sources are received and expenditure patterns are unclear. The 2009-2010 fiscal year general fund budget is $7.9 million.
Kersnar called the primary sources of revenues for the city “the big three,” which are property, sales and transient occupancy taxes. Property taxes are routinely received in the second and fourth quarters and Kersnar said early indications are that the budgetary projection will hold.
Sales tax revenues were down in the first quarter, bringing in $66,578.24 and causing Kersnar to predict those revenues will be about $250,000 short of the full year estimate.
TOT was the main concern, which yielded $447,398.24 in the first quarter. The initial analysis projects a full year shortfall of more than $550,000 from the projected $2 million. No unusual patterns in the collections of other general fund revenues were evident.
The analysis is based on comparisons to the city’s 2008-2009 first quarter, which Kersnar reported were strong and said shortfalls may well be overstated. “That is, the revenues are likely to perform better by the end of the year than the initial projections would indicate. Nonetheless, the projections are of obvious concern.”



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