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Home My WebLink About(3) Council Presentation Sep21 FinanceFY 2020-2021 Budget Monthly Report & Quarterly Investment Report September 2021 1 General Fund Revenue Amended Budget Actual Variance Property Taxes 14,310,000 15,131,555 821,555 Industrial Payments 34,348,093 34,372,046 23,953 Sales Tax 9,970,000 12,826,636 2,856,636 Gross Receipts 9,221,000 8,526,492 (694,508) Other Revenues 2,446,323 4,708,030 2,261,707 Transfers In 6,264,748 6,264,748 - Total Revenues 76,560,164 81,829,507 5,269,343 2 General Fund Amended Budget Actual Variance Revenues 76,560,164 81,829,507 5,269,343 Operating Expenditures 69,635,067 65,327,959 (4,307,108) Transfers to Capital Impr.13,144,806 13,144,806 - Other Transfers 5,378,335 5,378,335 - Rev over (under) Exp (11,598,044)(2,021,593) Beginning Fund Balance 32,874,364 32,874,364 Ending Fund Balance 21,276,320 30,852,771 Days 112 172 3 Water and Sewer Fund Amended Budget Actual Variance Revenues 28,275,003 30,514,041 2,239,038 Operating Expenditures 19,617,084 19,519,964 (97,120) Transfers out 8,564,841 8,564,841 - Revenue over (under) expenses 93,078 2,429,236 4 Solid Waste Fund Amended Budget Actual Variance Revenues 10,870,000 10,267,238 (602,762) Operating Expenditures 8,087,202 8,329,740 242,538 Transfers out 2,824,684 2,824,684 - Revenue over (under) expenses (41,886)(887,186) 5 Pleasure Island Fund Amended Budget Actual Variance Revenues 1,059,670 1,112,750 53,080 Operating Expenditures 976,320 763,890 (212,430) Transfers out 102,000 102,000 - Revenue over (under) expenses (18,650)246,860 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 7,790,849 12,461,113 8,225,222 4,235,891 District 2 7,487,457 4,441,102 3,046,355 2,374,660 671,695 District 3 5,982,751 4,528,451 1,454,300 1,980,518 (526,218) District 4 15,202,125 2,736,934 12,465,191 11,309,297 1,155,894 Total 48,924,295 19,497,336 29,426,959 23,889,697 5,537,262 8 Open Street Projects Estimated Cost Total Expense Balance District 1 9,740,750 1,515,528 8,225,222 District 2 4,926,454 2,551,794 2,374,660 District 3 6,323,635 4,343,117 1,980,518 District 4 13,688,661 2,379,364 11,309,297 Total 34,679,500 10,789,803 23,889,697 9 General Improvements Estimated Cost Total Expense Balance City Facilities 19,388,430 5,051,530 14,336,900 IT 2,915,000 1,227,755 1,687,245 Fire 850,000 849,756 244 Public Works 800,000 184,321 615,679 Parks & Rec 3,510,000 491,168 3,018,832 Total 27,463,430 7,804,530 19,658,900 10 Other Capital Improvements Estimated Cost Total Expense Balance Drainage 68,856,054 5,029,752 63,826,302 Downtown 5,000,000 172,608 4,827,392 Water 83,242,200 7,309,427 75,932,774 Pleas Island 590,000 5,500 584,500 EDC 10,873,100 7,260,277 3,612,823 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 3,002,725 217,050 Expense 33,741,157 3,466,144 2,692,121 Net (3,364,063)(463,419)(2,475,071) 13 Quarterly Investment Report % of Portfolio Yield Face Amount Interest Earned During Qtr Beginning Portfolio (6/30/2021) 130,718,344 Bank Deposits 3%0.10%3,897,766 960 Local Govt Investment Pools 97%0.02%120,961,300 5,123 Ending/Avg Portfolio (9/30/2021) 100%0.02%124,859,066 6,083 14