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HomeMy WebLinkAbout(P1) Council Presentation Oct21 Financial ReportFY 2021-2022 Budget Monthly Report October 2021 1 General Fund Revenue Amended Budget Actual YTD Budget Variance Property Taxes 15,735,000 259,388 254,124 5,264 Industrial Payments 33,340,000 33,222,431 33,222,431 - Sales Tax 12,275,000 1,184,799 1,022,917 161,882 Gross Receipts 8,550,000 344 519 (175) Other Revenues 2,434,600 248,223 202,883 45,340 Transfers In 5,475,314 456,276 456,276 - Total Revenues 77,809,914 35,371,461 35,159,150 212,311 2 General Fund Amended Budget Actual YTD Budget Variance Revenues 77,809,914 35,371,461 35,159,150 212,311 Operating Expenditures 72,105,046 2,786,438 4,007,979 (1,221,541) Transfers to Capital Impr.7,869,000 655,750 655,750 - Other Transfers 4,749,500 395,792 395,792 - Rev over (under) Exp (6,913,632)31,533,481 30,099,630 Beginning Fund Balance 31,547,066 31,547,066 31,547,066 Ending Fund Balance 24,633,434 63,080,547 61,646,696 Days 125 8,263 5,614 3 Water and Sewer Fund Amended Budget Actual YTD Budget Variance Revenues 30,984,000 2,761,283 2,582,000 179,283 Operating Expenditures 21,488,119 532,410 1,357,884 (825,474) Transfers out 9,091,098 752,008 752,008 - Revenue over (under) expenses 404,783 1,476,865 472,108 4 Solid Waste Fund Amended Budget Actual YTD Budget Variance Revenues 10,510,000 738,769 875,833 (137,064) Operating Expenditures 7,091,330 235,682 590,944 (355,262) Transfers out 3,381,386 281,782 281,782 - Revenue over (under) expenses 37,284 221,305 3,107 5 Pleasure Island Fund Amended Budget Actual YTD Budget Variance Revenues 1,053,000 171,065 87,750 83,315 Operating Expenditures 982,246 22,865 81,854 (58,989) Transfers out 60,000 5,000 5,000 - Revenue over (under) expenses 10,754 143,200 896 6 Street Summary Year 1 Allocation Year 2 Allocation Year 3 Allocation Year 4 Allocation* Total Allocation District 1 11,971,797 4,215,765 4,064,400 2,882,900 23,134,862 District 2 2,761,957 2,260,500 2,465,000 2,260,500 9,747,957 District 3 2,377,551 1,736,800 2,068,400 1,736,800 7,919,551 District 4 2,434,985 6,172,740 6,594,400 6,619,800 21,821,925 Total 19,546,290 14,385,805 15,192,200 13,500,000 62,624,295 7 *Allocation subject to change. Currently based on Year 3 percentages. District 4 includes $500,000 for J. Johnson Blvd extension which was not part of the percentage distribution. Street Summary Total Allocation Total Expense Balance Committed Unallocated District 1 23,134,862 7,792,417 15,342,445 8,223,654 7,118,791 District 2 9,747,957 4,443,471 5,304,486 2,372,291 2,932,195 District 3 7,919,551 4,683,522 3,236,029 2,025,447 1,210,582 District 4 21,821,925 2,964,277 18,857,648 11,581,954 7,275,694 Total 62,624,295 19,883,687 42,740,608 24,203,346 18,537,262 8 Open Street Projects Estimated Cost Total Expense Balance District 1 9,719,177 1,495,523 8,223,654 District 2 4,909,071 2,536,780 2,372,291 District 3 6,510,492 4,485,045 2,025,447 District 4 14,142,260 2,560,306 11,581,954 Total 35,281,000 11,077,654 24,203,346 9 General Improvements Estimated Cost Total Expense Balance City Facilities 20,700,430 2,226,676 18,473,754 IT 3,920,000 1,171,269 2,748,731 Fire 1,600,000 -1,600,000 Public Works 800,000 190,136 609,864 Parks & Rec 4,663,875 529,019 4,134,856 Total 31,684,305 4,117,100 27,567,205 10 Other Capital Improvements Estimated Cost Total Expense Balance Drainage 69,132,254 5,421,874 63,710,380 Downtown 5,075,000 172,608 4,902,392 Water 84,742,200 7,563,568 77,178,633 Pleas Island 590,000 5,500 584,500 EDC 10,873,100 7,713,314 3,159,786 ARP 26,630,000 22,321 26,607,679 11 2021 Certificates of Obligation $32,900,000 Estimated Cost Total Expense Balance Streets 10,000,000 263 9,999,737 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 9,900,000 384,281 8,615,719 Total 32,900,000 465,467 32,434,533 12 Disaster Funds Harvey Covid Laura Revenue 30,377,094 3,002,725 217,050 Expense 33,741,157 3,469,798 2,692,121 Net (3,364,063)(467,073)(2,475,071) 13