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Home My WebLink About(P2) Finance Council Presentation Feb22FY 2021-2022 Budget Monthly Report February 2022 1 General Fund Revenue Amended Budget Actual YTD Budget Variance Property Taxes 15,735,000 15,093,095 14,557,545 535,550 Industrial Payments 33,340,000 33,222,431 33,270,000 (47,569) Sales and Use Tax 12,275,000 6,011,428 5,180,038 831,390 Gross Receipts 8,550,000 2,794,642 2,492,844 301,798 Other Revenues 2,434,600 1,285,321 1,014,417 270,904 Transfers In 5,475,314 2,281,380 2,281,381 - Total Revenues 77,809,914 60,688,297 58,796,225 1,892,073 2 General Fund Amended Budget Actual YTD Budget Variance Revenues 77,809,914 60,688,297 58,796,225 1,892,073 Operating Expenditures 72,271,046 25,229,456 28,801,173 (3,562,149) Transfers to Capital Impr.7,869,000 3,209,583 3,209,583 - Other Transfers 4,765,892 2,064,523 2,054,955 9,568 Rev over (under) Exp (7,096,024)30,184,735 24,730,514 Beginning Fund Balance 31,121,356 31,121,356 31,121,356 Ending Fund Balance 24,025,332 61,306,091 55,851,870 Days 121 887 708 3 Water and Sewer Fund Amended Budget Actual YTD Budget Variance Revenues 30,984,000 11,748,620 12,910,000 (1,161,380) Operating Expenditures 21,488,119 8,083,910 8,953,383 (869,473) Transfers out 9,091,098 4,591,483 4,591,483 - Revenue over (under) expenses 404,783 (926,773)(634,866) 4 Solid Waste Fund Amended Budget Actual YTD Budget Variance Revenues 10,510,000 3,570,774 4,379,167 (808,393) Operating Expenditures 7,091,330 2,648,253 2,849,050 (200,796) Transfers out 3,381,386 1,408,911 1,408,911 - Revenue over (under) expenses 37,284 (486,390)121,206 5 Pleasure Island Fund Amended Budget Actual YTD Budget Variance Revenues 1,053,000 448,423 438,750 9,673 Operating Expenditures 982,246 346,332 397,070 (50,738) Transfers out 60,000 25,000 25,000 - Revenue over (under) expenses 10,754 77,091 16,680 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 8,280,316 17,286,646 10,735,755 6,550,891 District 2 9,134,457 4,509,864 4,624,593 2,491,698 2,132,895 District 3 7,524,751 4,885,664 2,639,087 1,823,305 815,782 District 4 20,398,125 4,454,436 15,943,689 10,173,905 5,769,784 Total 62,624,295 22,130,280 40,494,015 25,224,663 15,269,352 8 Open Street Projects Estimated Cost Total Expense Balance District 1 12,719,177 1,983,422 10,735,755 District 2 5,094,871 2,603,173 2,491,698 District 3 6,510,492 4,687,187 1,823,305 District 4 14,224,370 4,050,465 10,173,908 Total 38,548,910 13,324,247 25,224,663 9 General Improvements Estimated Cost Total Expense Balance City Facilities 20,700,430 2,617,023 18,083,407 IT 3,920,000 1,531,637 2,388,363 Fire 1,600,000 1,585,280 14,720 Public Works 800,000 190,136 609,864 Parks & Rec 4,663,875 951,305 3,712,570 Total 31,684,305 6,875,381 24,808,924 10 Other Capital Improvements Estimated Cost Total Expense Balance Drainage 69,132,254 5,653,313 63,478,941 Downtown 5,075,000 338,948 4,736,052 Water 84,914,200 9,750,286 75,163,915 Pleas Island 590,000 56,750 533,250 EDC 10,873,100 9,286,186 1,586,914 ARP 26,630,000 1,300,126 25,329,874 11 2021 Certificates of Obligation $32,900,000 Estimated Cost Total Expense Balance Streets 10,000,000 490 9,999,510 Drainage Pump Stations (7)2,000,000 -2,000,000 Animal Shelter 6,500,000 16,312 6,483,688 New Health Bldg Renovation 4,500,000 505,440 3,994,560 Water & Sewer 9,900,000 443,375 9,456,625 Total 32,900,000 965,617 31,934,383 12 Disaster Funds Harvey Covid Laura Revenue 30,227,964 3,002,725 217,050 Expense 34,145,332 3,517,879 3,008,965 Net (3,917,368)(515,154)(2,791,915) 13