OMB Revenue estimating conference march 25, 2022
OMB REVENUE ESTIMATING CONFERENCE MARCH 25, 2022 DIVISION OF LICENSING DIRECTOR HORACE GRAHAM ASSISTANT DIRECTOR KARLEEN JEFFERS STX – 3 LICENSING OFFICERS 1 CASHIER STT – 5 LICENSING OFFICERS 1 CASHIER FY 2019 TO DATE # OF BUSINESSES LICENSES ISSUED # OF NEW BUSINESS LICENSES ISSUED 0 1000 2000 3000 4000 5000 6000 7000 8000 2019 2020 2021 2022 Renewal New STX LICENSES ISSUED VERSUS CATEGORIES ISSUED 0 1000 2000 3000 4000 5000 6000 7000 2019 2020 2021 2022 STX Licenses Issued versus Categories Issued Series1 Series2 STT LICENSES ISSUED VERSUS CATEGORIES ISSUED 0 1000 2000 3000 4000 5000 6000 7000 8000 9000 2019 2020 2021 2022 STT Licenses Issued versus Categories Issued Series1 Series2 STJ LICENSES ISSUED VERSUS CATEGORIES ISSUED 0 200 400 600 800 1000 1200 1400 1600 2019 2020 2021 2022 STJ Licenses Issued versus Categories Issued Series1 Series2 DLCA REVENUE COLLECTED FROM FY 2019 TO DATE 0.00 500,000.00 1,000,000.00 1,500,000.00 2,000,000.00 2,500,000.00 3,000,000.00 3,500,000.00 4,000,000.00 4,500,000.00 5,000,000.00 License Fees Fines/Penalties Vendor Plaza VIPD Fees DPNR Fees Fi …
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OMB REVENUE ESTIMATING CONFERENCE MARCH 25, 2022 DIVISION OF LICENSING DIRECTOR HORACE GRAHAM ASSISTANT DIRECTOR KARLEEN JEFFERS STX – 3 LICENSING OFFICERS 1 CASHIER STT – 5 LICENSING OFFICERS 1 CASHIER FY 2019 TO DATE # OF BUSINESSES LICENSES ISSUED # OF NEW BUSINESS LICENSES ISSUED 0 1000 2000 3000 4000 5000 6000 7000 8000 2019 2020 2021 2022 Renewal New STX LICENSES ISSUED VERSUS CATEGORIES ISSUED 0 1000 2000 3000 4000 5000 6000 7000 2019 2020 2021 2022 STX Licenses Issued versus Categories Issued Series1 Series2 STT LICENSES ISSUED VERSUS CATEGORIES ISSUED 0 1000 2000 3000 4000 5000 6000 7000 8000 9000 2019 2020 2021 2022 STT Licenses Issued versus Categories Issued Series1 Series2 STJ LICENSES ISSUED VERSUS CATEGORIES ISSUED 0 200 400 600 800 1000 1200 1400 1600 2019 2020 2021 2022 STJ Licenses Issued versus Categories Issued Series1 Series2 DLCA REVENUE COLLECTED FROM FY 2019 TO DATE 0.00 500,000.00 1,000,000.00 1,500,000.00 2,000,000.00 2,500,000.00 3,000,000.00 3,500,000.00 4,000,000.00 4,500,000.00 5,000,000.00 License Fees Fines/Penalties Vendor Plaza VIPD Fees DPNR Fees Firearms Bounce Checks Boards Totals REVENUE COLLECTED FROM FY 19 TO FEBRUARY 28, 2022 2019 2020 2021 2022 DEPARTMENT OF LICENSING & CONSUMER AFFAIRS TOP 10 LICENSE CATEGORIES FY 21 LICENSE TYPE QUANTITY 1. IMPORTER OF GOODS 1229 2. RETAIL SHOP & STORE – NO LIQUOR/BEER 1170 3. TAVERN KEEPER A 718 4. APARTMENT HOUSE D (4 UNITS OR LESS) 646 5. COMMERCAIL FARMING PLANTS OR ANIMALS 498 6. ITINERANT VENDOR 378 7. COMMERCIAL FISHING 363 8. BUSINESS & MANAGEMENT CONSULTING 326 9. RESTAURANT B (LESS THAN 25 PERSONS) 305 10.SOLICITOR, SALES & COMMISSION AGENT 304 DIVISION OF BOARDS & COMMISSIONS ASSISTANT COMMISSIONER H. NATHALIE HODGE STX – 1 – LICENSING OFFICER 1 – SECRETARY STT - 1 – SPECIAL ASSISTANT 1 – LICENSING OFFICER 1 – SPECIAL INVESTIGATOR DIVISION OF BOARDS & COMMISSIONS REVENUE FY 2019 TO DATE 0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 2019 2020 2021 2022 BOARDS & COMMISSIONS LICENSES ISSUED VERSUS CATEGORIES ISSUED 0 500 1000 1500 2000 2500 3000 License Issued Categories Renewed Issued Categories New Issued Categories 2019 2020 2021 2022 REVENUE ESTIMATE SNAPSHOT Department of Licensing & Consumer Affairs REVENUE BREAKDOWN Revenue Category Project Count (If Applicable) Est. Revenue Fiscal Year License Fees $4,447,047.72 23 Penalties $648,716.13 23 Boards & Commissions $458,747.69 23 License Fees $4,669,400.11 24 Penalties $713,587.74 24 Boards & Commissions $481,685.07 24 FY23 and FY24 Total Estimated Revenue Revenue Summary FY23: $5,554,511.54 Highlight 1:License Fees +5% per year via increase in volume Highlight 2: Fines/Penalties +10% via aggressive enforcement FY24: $5,864,672.92 Highlight 3:Board & Commission +5% per year via increase in volume Highlight 4: OMB REVENUE ESTIMATING CONFERENCE 3/25/2022 The End! Questions? Thank You!