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Home My WebLink About(P4) Council Presentation Dec21FY 2021-2022 Budget Monthly Report December 2021 1 General Fund Revenue Amended Budget Actual YTD Budget Variance Property Taxes 15,735,000 4,131,783 3,744,037 387,746 Industrial Payments 33,340,000 33,222,431 33,270,000 (47,569) Sales and Use Tax 12,275,000 3,445,224 3,009,160 436,064 Gross Receipts 8,550,000 1,418,547 1,286,000 132,547 Other Revenues 2,434,600 864,322 405,767 458,555 Transfers In 5,475,314 1,368,828 1,368,828 - Total Revenues 77,809,914 44.451,135 43,083,792 1,367,343 2 General Fund Amended Budget Actual YTD Budget Variance Revenues 77,809,914 44,451,135 43,083,792 1,367,343 Operating Expenditures 72,105,046 14,166,478 17,403,510 (3,237,032) Transfers to Capital Impr.7,869,000 1,967,250 1,967,250 - Other Transfers 4,749,500 1,187,375 1,187,375 - Rev over (under) Exp (6,913,632)27,130,032 22,525,657 Beginning Fund Balance 31,547,066 31,547,066 31,547,066 Ending Fund Balance 24,633,434 58,677,098 54,072,723 Days 125 1,512 1,134 3 Water and Sewer Fund Amended Budget Actual YTD Budget Variance Revenues 30,984,000 7,760,117 7,746,000 14,117 Operating Expenditures 21,488,119 3,685,843 5,209,732 (1,523,889) Transfers out 9,091,098 2,256,024 2,256,024 - Revenue over (under) expenses 404,783 1,818,250 280,244 4 Solid Waste Fund Amended Budget Actual YTD Budget Variance Revenues 10,510,000 2,234,330 2,627,500 (393,170) Operating Expenditures 7,091,330 1,410,468 1,715,194 (304,726) Transfers out 3,381,386 845,347 845,347 - Revenue over (under) expenses 37,284 (21,485)66,960 5 Pleasure Island Fund Amended Budget Actual YTD Budget Variance Revenues 1,053,000 273,932 263,250 10,682 Operating Expenditures 982,246 156,323 238,908 (82,585) Transfers out 60,000 15,000 15,000 - Revenue over (under) expenses 10,754 102,609 9,343 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 5,315,000 25,566,962 District 2 2,761,957 2,260,500 2,465,000 1,647,000 9,134,457 District 3 2,377,551 1,736,800 2,068,400 1,342,000 7,524,751 District 4 2,434,985 6,172,740 6,594,400 5,196,000 20,398,125 Total 19,546,290 14,385,805 15,192,200 13,500,000 62,624,295 7 *District 1 includes $3,000,000 for Woodworth Blvd and 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 25,566,962 7,848,849 17,718,113 11,167,222 6,550,891 District 2 9,134,457 4,509,864 4,624,593 2,305,898 2,318,695 District 3 7,524,751 4,705,267 2,819,484 2,003,702 815,782 District 4 20,398,125 4,211,215 16,186,910 10,335,016 5,851,894 Total 62,624,295 21,275,195 41,349,100 25,811,838 15,537,262 8 Open Street Projects Estimated Cost Total Expense Balance District 1 12,719,177 1,551,955 11,167,222 District 2 4,909,071 2,603,173 2,305,898 District 3 6,510,492 4,506,790 2,003,702 District 4 14,142,260 3,807,244 10,335,016 Total 38,281,000 12,469,162 25,811,838 9 General Improvements Estimated Cost Total Expense Balance City Facilities 20,700,430 2,365,598 18,334,832 IT 3,920,000 1,258,195 2,661,805 Fire 1,600,000 1,585,280 14,720 Public Works 800,000 190,136 609,864 Parks & Rec 4,663,875 893,293 3,770,582 Total 31,684,305 6,292,502 25,391,803 10 Other Capital Improvements Estimated Cost Total Expense Balance Drainage 69,132,254 5,565,545 63,566,709 Downtown 5,075,000 173,773 4,901,227 Water 84,742,200 8,477,514 76,264,687 Pleas Island 590,000 5,500 584,500 EDC 10,873,100 8,515,723 2,357,377 ARP 26,630,000 40,547 26,589,453 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 9,900,000 399,729 9,500,271 Total 32,900,000 480,915 32,419,085 12 Disaster Funds Harvey Covid Laura Revenue 30,562,920 3,002,725 217,050 Expense 33,751,156 3,477,258 2,692,121 Net (3,188,236)(474,533)(2,475,071) 13 Quarterly Investment Report % of Portfolio Yield Face Amount Interest Earned During Qtr Beginning Portfolio (9/30/2021) 124,859,066 Bank Deposits 5%0.10%7,739,003 1,581 Local Govt Investment Pools 95%0.03%141,969,938 8,638 Ending/Avg Portfolio (12/31/2021) 100%0.03%149,708,941 10,219 14