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Home My WebLink About(P1) Council Presentation Nov21FY 2021-2022 Budget Monthly Report November 2021 1 General Fund Revenue Amended Budget Actual YTD Budget Variance Property Taxes 15,735,000 1,046,840 1,124,558 (77,718) Industrial Payments 33,340,000 33,222,431 33,270,000 (47,569) Sales Tax 12,275,000 2,428,058 2,044,354 383,704 Gross Receipts 8,550,000 1,418,462 1,285,667 132,795 Other Revenues 2,434,600 961,652 405,767 555,885 Transfers In 5,475,314 912,552 912,552 - Total Revenues 77,809,914 39,989,995 39,042,898 947,097 2 General Fund Amended Budget Actual YTD Budget Variance Revenues 77,809,914 39,989,995 39,042,898 947,097 Operating Expenditures 72,105,046 7,278,492 9,672,226 (2,393,734) Transfers to Capital Impr.7,869,000 1,311,500 1,311,500 - Other Transfers 4,749,500 791,584 791,584 - Rev over (under) Exp (6,913,632)30,608,420 27,267,588 Beginning Fund Balance 31,547,066 31,547,066 31,547,066 Ending Fund Balance 24,633,434 62,155,486 58,814,654 Days 125 3,117 2,219 3 Water and Sewer Fund Amended Budget Actual YTD Budget Variance Revenues 30,984,000 5,212,786 5,164,000 48,786 Operating Expenditures 21,488,119 1,782,370 3,080,937 (1,298,567) Transfers out 9,091,098 1,504,016 1,515,183 (11,167) Revenue over (under) expenses 404,783 1,926,400 567,880 4 Solid Waste Fund Amended Budget Actual YTD Budget Variance Revenues 10,510,000 1,475,012 1,751,667 (276,655) Operating Expenditures 7,091,330 632,286 1,004,168 (371,883) Transfers out 3,381,386 563,564 563,564 - Revenue over (under) expenses 37,284 279,162 183,934 5 Pleasure Island Fund Amended Budget Actual YTD Budget Variance Revenues 1,053,000 187,560 175,500 12,060 Operating Expenditures 982,246 86,637 143,192 (56,555) Transfers out 60,000 10,000 10,000 - Revenue over (under) expenses 10,754 90,923 22,308 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 7,807,442 15,327,420 8,208,629 7,118,791 District 2 9,747,957 4,452,761 5,295,196 2,363,001 2,932,195 District 3 7,919,551 4,699,267 3,220,284 2,009,702 1,210,582 District 4 21,821,925 4,106,010 17,715,915 10,440,221 7,275,694 Total 62,624,295 21,065,480 41,558,815 23,021,553 18,537,262 8 Open Street Projects Estimated Cost Total Expense Balance District 1 9,719,177 1,510,548 8,208,629 District 2 4,909,071 2,546,070 2,363,001 District 3 6,510,492 4,500,790 2,009,702 District 4 14,142,260 3,702,039 10,440,221 Total 35,281,000 12,259,447 23,021,553 9 General Improvements Estimated Cost Total Expense Balance City Facilities 20,700,430 2,239,667 18,460,763 IT 3,920,000 1,183,969 2,736,031 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 4,142,791 27,541,514 10 Other Capital Improvements Estimated Cost Total Expense Balance Drainage 69,132,254 5,429,024 63,703,230 Downtown 5,075,000 173,773 4,901,227 Water 84,742,200 8,449,194 76,293,007 Pleas Island 590,000 5,500 584,500 EDC 10,873,100 7,782,926 3,090,174 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 30,562,920 3,002,725 217,050 Expense 33,747,720 3,474,469 2,692,121 Net (3,184.800)(471,744)(2,475,071) 13