City of Novi Where the Money Comes From

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Why it Matters: Revenue is generated from the tax dollars we receive from residents and businesses which are generated from our millage rate multiplied by property valuations.  Revenue is also generated from other sources such as State and Federal grants, permits, fees, water and sewer charges, parking fees and citations. (n036) (o20)
	

    	
Data Source: Historical Revenue & Expense data has been loaded from state available public data that each municipality files annually, and includes all fund types.  Future Year data is loaded from the community's own budget or forecast projections and typically only includes General and other Governmental Funds. (n016)    

Function	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
Data Table for City of Novi Where the Money Comes From by Function for General and All Other Governmental Funds
Federal contributions	346,722	488,948	132,763	284,254	149,296	219,070	218,425	561,243	704,514	493,854	715,079	5,891,545	3,256,766
State contributions	2,879,339	3,228,248	3,463,744	3,773,621	4,097,820	4,078,543	5,109,141	4,694,011	6,236,404	6,828,259	6,136,430	6,763,806	7,945,789
State Revenue Sharing	3,046,979	3,725,690	3,990,693	4,074,589	4,170,809	4,353,847	4,326,321	4,615,570	4,752,364	4,960,485	4,933,395	5,600,328	8,171,114
Contributions from other local govts	110,815	105,993	135,419	220,610	95,896	155,123	236,297	9,507	83,119	92,098	220,240	136,309	99,493
Property taxes	37,137,888	32,550,376	30,183,881	29,620,564	30,059,399	31,673,469	32,932,970	33,087,219	36,708,346	38,636,830	40,686,134	42,583,648	44,368,064
Licenses and Permits	729,992	932,954	1,473,915	1,448,199	1,164,448	1,621,055	4,542,923	3,071,316	2,551,362	3,122,775	2,577,138	1,903,145	1,697,532
Parks and recreation	1,064,430	1,046,167	1,169,494	1,363,318	1,297,860	1,261,628	1,387,235	0	0	0	0	0	0
Other Services	1,251,556	1,911,621	2,194,663	2,659,954	2,636,236	3,508,677	847,567	3,260,525	5,458,214	5,707,079	5,152,934	5,408,851	5,570,746
Fines & Forfeits	1,019,185	880,882	927,297	945,621	1,093,428	723,820	757,403	661,549	677,681	635,743	567,292	480,860	471,441
Interest, Rents & Royalties	1,278,007	626,449	881,869	-474,934	1,491,788	915,421	1,955,703	323,945	806,450	2,400,727	1,965,182	1,009,904	50,341
Other Revenue	7,407,801	3,529,107	2,685,371	2,745,653	2,901,395	4,212,941	14,041,638	3,345,132	1,497,031	2,089,005	1,469,779	904,902	3,215,350
	______	______	______	______	______	______	______	______	______	______	______	______	______
Totals	56,272,714	49,026,435	47,239,109	46,661,449	49,158,375	52,723,594	66,355,623	53,630,017	59,475,485	64,966,855	64,423,603	70,683,298	74,846,636

Data Table for City of Novi Where the Money Comes From by Function for General and All Other Governmental Funds