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Home My WebLink About(3) Council Presentation Aug 21FY 2020-2021 Budget Monthly Report August 2021 1 General Fund Revenue Amended Budget Actual YTD Budget Variance Property Taxes 14,310,000 15,052,771 14,236,324 816,447 Industrial Payments 34,348,093 34,372,868 34,348,093 24,775 Sales Tax 9,970,000 11,699,211 9,139,152 2,560,059 Gross Receipts 9,221,000 4,723,332 5,349,106 (625,774) Other Revenues 2,446,323 4,563,396 3,165,149 1,398,247 Transfers In 6,264,748 5,742,686 5,742,686 - Total Revenues 76,560,164 76,154,264 71,980,510 4,173,754 2 General Fund Amended Budget Actual YTD Budget Variance Revenues 76,560,164 76,154,264 71,980,510 4,173,754 Operating Expenditures 69,635,067 58,278,408 62,774,631 (4,496,223) Transfers to Capital Impr.13,144,806 12,049,405 12,049,405 - Other Transfers 5,378,335 3,845,513 3,845,513 - Rev over (under) Exp (11,598,044)1,980,938 (6,689,040) Beginning Fund Balance 32,874,364 32,874,364 32,874,364 Ending Fund Balance 21,276,320 34,855,302 26,185,324 Days 112 218 152 3 Water and Sewer Fund Amended Budget Actual YTD Budget Variance Revenues 28,275,003 27,226,593 25,918,753 1,307,840 Operating Expenditures 19,617,084 17,529,736 17,756,515 (226,779) Transfers out 8,564,841 8,099,788 8,099,788 - Revenue over (under) expenses 93,078 1,597,069 62,450 4 Solid Waste Fund Amended Budget Actual YTD Budget Variance Revenues 10,870,000 9,480,515 10,047,500 (566,985) Operating Expenditures 8,087,202 7,658,145 7,327,976 330,169 Transfers out 2,824,684 2,534,165 2,534,165 - Revenue over (under) expenses (41,886)(711,795)(185,359) 5 Pleasure Island Fund Amended Budget Actual YTD Budget Variance Revenues 1,059,670 1,021,120 971,364 49,756 Operating Expenditures 976,320 686,361 883,327 (196,966) Transfers out 102,000 93,500 93,500 - Revenue over (under) expenses (18,650)241,259 (5,463) 6 Street Summary Year 1 Allocation Year 2 Allocation Year 3 Allocation Total Allocation District 1 11,971,797 4,215,765 4,064,400 20,251,962 District 2 2,761,957 2,260,500 2,465,000 7,487,457 District 3 2,377,551 1,736,800 1,868,400 5,982,751 District 4 2,434,985 6,172,740 6,594,400 15,202,125 Total 19,546,290 14,385,805 14,992,200 48,924,295 7 Street Summary Total Allocation Total Expense Balance Committed Unallocated District 1 20,251,962 7,748,956 12,503,006 8,267,115 4,235,891 District 2 7,487,457 4,301,381 3,186,076 2,514,381 671,695 District 3 5,982,751 4,528,451 1,454,300 1,980,518 (526,218) District 4 15,202,125 2,679,240 12,522,885 11,366,991 1,155,894 Total 48,924,295 19,258,028 29,666,267 24,129,005 5,537,262 8 Open Street Projects Estimated Cost Total Expense Balance District 1 9,740,750 1,473,635 8,267,115 District 2 4,926,454 2,412,073 2,514,381 District 3 6,323,635 4,343,117 1,980,518 District 4 13,688,661 2,321,670 11,366,991 Total 34,679,500 10,550,495 24,129,005 9 General Improvements Estimated Cost Total Expense Balance City Facilities 19,388,430 5,010,968 14,377,462 IT 2,915,000 1,095,946 1,819,054 Fire 850,000 849,756 244 Public Works 800,000 183,989 616,011 Parks & Rec 3,510,000 425,278 3,084,722 Total 27,463,430 7,565,937 19,897,493 10 Other Capital Improvements Estimated Cost Total Expense Balance Drainage 68,856,054 4,740,132 64,115,922 Downtown 5,000,000 68,794 4,931,206 Water 83,242,200 6,903,168 76,339,033 Pleas Island 590,000 5,500 584,500 EDC 10,873,100 6,546,116 4,326,984 11 2021 Certificates of Obligation $32,900,000 Estimated Cost Total Expense Balance Streets 10,000,000 376 9,999,624 Drainage Pump Stations (7)2,000,000 -2,000,000 Animal Shelter 6,500,000 -6,500,000 New Health Bldg Renovation 4,500,000 80,923 4,419,077 Water & Sewer 9,900,000 122,355 9,777,645 Total 32,900,000 203,654 32,696,346 12 Disaster Funds Harvey Covid Laura Revenue 30,377,094 3,002,725 - Expense 33,709,947 3,443,602 2,629,826 Net (3,332,853)(440,877)(2,629,826) 13