wp content uploads 2023 03 10. DPP FY 2023 Revenue Generating Conference for Presentation on 202
## Slide 2 FY2023 – FY 2024 SPRING REVENUE ESTIMATING CONFERENCE ## Slide 3 PERFORMANCE OUTLINE: ## Slide 4 REVENUE ESTIMATE SNAPSHOT Agency Name REVENUE BREAKDOWN Revenue Category Project Count (If Applicable) Est. Revenue Fiscal Year Business & Commercial Property Leases $3,507,450.90 2023 Business & Commercial Property Leases $3,858,195.98 2024 Business & Commercial Property Leases $4,051,049.05 2025 FY23, FY24, and FY25 Total Estimated Revenue Revenue Generating Plan FY23: $3,507,450.90 Structure collection unit, build capacity, and training on new IT system Increasing lease values based on market value (management) FY24: $3,858,195.98 FY24: $3,858,195.98 Service and/or Maintenance Fees generated from Space Management Leases FY 25: $4,051,049.05 ## Slide 5 BUSINESS & COMMERCIAL COLLECTIONS FUND DESCRIPTION FY 2022 Actuals FY 2023 % Increase FY 2023 Estimated Amount FY 2024 % Increase FY 2024 Projection Amount FY 2025 % Increase FY 2025 Projection Amount 6028/425000 Business & Commercial Lease Properties $3,049,957.30 15% $3,507,450.90 10% $3,858,195.98 5% $4,051,049.05 TOTALS………… …
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## Slide 2 FY2023 – FY 2024 SPRING REVENUE ESTIMATING CONFERENCE ## Slide 3 PERFORMANCE OUTLINE: ## Slide 4 REVENUE ESTIMATE SNAPSHOT Agency Name REVENUE BREAKDOWN Revenue Category Project Count (If Applicable) Est. Revenue Fiscal Year Business & Commercial Property Leases $3,507,450.90 2023 Business & Commercial Property Leases $3,858,195.98 2024 Business & Commercial Property Leases $4,051,049.05 2025 FY23, FY24, and FY25 Total Estimated Revenue Revenue Generating Plan FY23: $3,507,450.90 Structure collection unit, build capacity, and training on new IT system Increasing lease values based on market value (management) FY24: $3,858,195.98 FY24: $3,858,195.98 Service and/or Maintenance Fees generated from Space Management Leases FY 25: $4,051,049.05 ## Slide 5 BUSINESS & COMMERCIAL COLLECTIONS FUND DESCRIPTION FY 2022 Actuals FY 2023 % Increase FY 2023 Estimated Amount FY 2024 % Increase FY 2024 Projection Amount FY 2025 % Increase FY 2025 Projection Amount 6028/425000 Business & Commercial Lease Properties $3,049,957.30 15% $3,507,450.90 10% $3,858,195.98 5% $4,051,049.05 TOTALS…………… ……………………………………… $3,049,957.30 $3,507,450.90 $3,858,195.98 $4,051,049.05 ## Slide 6 Add a footer 6 DPP – Business & Commercial Revolving Fund Month FY 2022 Actual Collection FY 2023 Forecasted Collection FY 2023 Actual Collection FY23 Variance $ FY23 Variance % FY 2024 Forecast Allocations FY 2025 Forecast Allocations Fund Type Revenue Category Comments October $ 211,797.81 $ 243,567.48 $ 208,789.27 (34,769) -14% $ 267,924.23 $ 281,320.45 Business & Commercial Revolving Fund Lease Rentals November $ 236,254.83 $ 271,693.05 $ 252,709.98 (18,983) -7% $ 298,862.36 $ 313,804.48 Business & Commercial Revolving Fund Lease Rentals December $ 243,653.71 $ 280,201.77 $ 292,076.15 11,874 4% $ 308,221.94 $ 323,633.04 Business & Commercial Revolving Fund Lease Rentals January $ 249,547.28 $ 286,979.37 $ 310,436.51 23,457 8% $ 315,677.31 $ 331,461.18 Business & Commercial Revolving Fund Lease Rentals February $ 301,457.25 $ 346,675.84 $ 432,098.33 85,422 25% $ 381,343.42 $ 400,410.60 Business & Commercial Revolving Fund Lease Rentals March $ 224,203.37 $ 257,833.88 (257,834) -100% $ 283,617.26 $ 297,798.48 Business & Commercial Revolving Fund Lease Rentals April $ 269,414.45 $ 309,826.62 (309,827) -100% $ 340,809.28 $ 357,850.29 Business & Commercial Revolving Fund Lease Rentals May $ 263,663.59 $ 303,213.13 (303,213) -100% $ 333,534.44 $ 350,211.17 Business & Commercial Revolving Fund Lease Rentals June $ 244,026.76 $ 280,630.77 (280,631) -100% $ 308,693.85 $ 324,071.85 Business & Commercial Revolving Fund Lease Rentals July $ 247,610.94 $ 284,752.58 (284,753) -100% $ 313,227.84 $ 328,889.24 Business & Commercial Revolving Fund Lease Rentals August $ 289,242.25 $ 332,628.59 (332,629) -100% $ 365,891.45 $ 384,186.04 Business & Commercial Revolving Fund Lease Rentals September $ 269,085.06 $ 309,447.82 (309,448) -100% $ 340,392.60 $ 357,412.23 Business & Commercial Revolving Fund Lease Rentals Total YTD $ 3,049,957.30 $ 3,507,450.90 $ 1,510,175.43 $ -2,039,915.25 $ 3,858,195.98 $ 4,051,049.05 ## Slide 7 7 FY 2022 Collection Challenges FY 2022 Challenges In FY 2022, the Department realized actual collections in the amount of $3,049,957.30 for property leases. This represents a 3.75% decrease from our FY 2021 collections in the amount of $3,168,836.31 due to the COVID Pandemic and the effects it had on GVI and its leases. Moreover, to increase collections the Division assigned the task of collections to one employee, who is responsible for establishing payment plans and other methods for driving collections. In order to continue to improve and enhance collections. Future Goals & Objectives Going forward, the following represents the Departments primary goals and objectives for the remainder of FY 2023, FY 2024, and FY 2025: Restructuring the Fiscal and Administration Unit Establishment of a Revenue Collection Unit in the Department Training on new software MRI to Manage GVI leases Funding to address trainings and upgrades Implement service/maintenance fees where necessary