Stable Income

Howard County has seen decreases in property values, but nowhere near the extent experienced by other regions of the country. Value of property is the basis for calculating the annual charge that is assessed against both residential and commercial properties. However, there are other categories of income that also help provide the programs and keep CA owned facilities and land in the shape that CA’s annual charge payers and users of CA facilities and programs have come to expect. In order to fund a $60 million dollar budget, CA has to count on many different income sources. The following breakdown shows projected sources of CA revenue is projected in 2013:

(Numbers are in 000’s)

Annual Charge	$ 33,759
Tuition & Enrollment	$   3,736
Memberships (incl. Package Plans)	$ 17,348
Fees	$   5,696
Rental Income	$   1,756
Sales	$      901
Other Income	$      288
Total Income	$ 63,484

The video in this post demonstrates how the CA annual charge is calculated.

For Fiscal Year 2014, income is projected as follows:

Annual Charge	$ 34,102
Tuition & Enrollment	$   3,845
Memberships (incl. Package Plans)	$ 17,805
Fees	$   5,861
Rental Income	$   1,809
Sales	$      926
Other Income	$      297
Total Income	$ 64,645

Primary Focus Points:

• Awareness of the state of the economy
• Annual investments in CA owned properties to ensure that properties are safe and usable
• Training of CA team members so they fully understand their role in the income stream process and understand the value of each CA dollar
• Understanding that there will be significant changes related to the future and preparing a budget document that starts the process of change awareness and management
• Annual internal review of fees and other charges to ensure that CA is competitive and that revenue is sufficient to hold the annual charge levies at acceptable levels
• Investigating new income sources and grant possibilities