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Home My WebLink About(P5) Council Presentation Mo Rpt Mar22FY 2021-2022 Budget Monthly Report March 2022 1 General Fund Revenue Amended Budget Actual YTD Budget Variance Property Taxes 15,735,000 15,501,017 14,867,242 633,775 Industrial Payments 33,340,000 33,222,431 33,270,000 (47,569) Sales and Use Tax 12,275,000 7,150,761 6,109,746 1,041,015 Gross Receipts 8,550,000 2,794,870 2,504,894 289,976 Other Revenues 2,434,600 1,588,552 1,217,300 371,252 Transfers In 5,475,314 2,737,657 2,737,657 - Total Revenues 77,809,914 62,995,288 60,706,839 2,288,449 2 General Fund Amended Budget Actual YTD Budget Variance Revenues 77,809,914 62,995,288 60,706,839 2,288,449 Operating Expenditures 72,271,046 30,432,897 34,479,254 (4,046,357) Transfers to Capital Impr.7,869,000 3,934,500 3,934,500 - Other Transfers 4,765,892 2,391,147 2,391,147 - Rev over (under) Exp (7,096,024)26,236,744 19,901,938 Beginning Fund Balance 31,121,356 31,121,356 31,121,356 Ending Fund Balance 24,025,332 57,358,100 51,023,294 Days 121 688 540 3 Water and Sewer Fund Amended Budget Actual YTD Budget Variance Revenues 30,984,000 15,701,924 15,492,000 209,924 Operating Expenditures 21,488,119 9,552,189 10,744,060 (1,191,871) Transfers out 9,091,098 5,343,491 5,343,491 - Revenue over (under) expenses 404,783 806,244 (595,551) 4 Solid Waste Fund Amended Budget Actual YTD Budget Variance Revenues 10,510,000 4,632,078 5,255,000 (622,922) Operating Expenditures 7,091,330 3,118,318 3,415,977 (297,659) Transfers out 3,381,386 1,756,640 1,756,640 - Revenue over (under) expenses 37,284 (282,880)82,383 5 Pleasure Island Fund Amended Budget Actual YTD Budget Variance Revenues 1,053,000 540,974 526,500 14,474 Operating Expenditures 982,246 429,963 476,152 (46,189) Transfers out 60,000 30,000 30,000 - Revenue over (under) expenses 10,754 81,011 20,348 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 Unallocate d District 1 25,566,962 8,303,508 17,263,454 10,712,563 6,550,891 District 2 9,134,457 4,530,426 4,604,031 2,471,136 2,132,895 District 3 7,524,751 4,886,530 2,638,221 1,822,439 815,782 District 4 20,398,125 4,476,227 15,921,898 10,152,114 5,769,784 Total 62,624,295 22,196,691 40,427,604 25,158,252 15,269,352 8 Open Street Projects Estimated Cost Total Expense Balance District 1 12,719,177 2,006,614 10,712,563 District 2 5,094,871 2,623,735 2,471,136 District 3 6,510,492 4,688,053 1,822,439 District 4 14,224,370 4,072,256 10,152,114 Total 38,548,910 13,390,658 25,158,252 9 General Improvements Estimated Cost Total Expense Balance City Facilities 20,700,430 2,627,180 18,073,250 IT 3,920,000 1,695,180 2,224,820 Fire 1,600,000 1,585,280 14,720 Public Works 800,000 190,136 609,864 Parks & Rec 4,663,875 1,018,305 3,645,570 Total 31,684,305 7,116,081 24,568,224 10 Other Capital Improvements Estimated Cost Total Expense Balance Drainage 69,132,254 5,791,742 63,340,512 Downtown 5,075,000 772,756 4,302,244 Water 84,914,200 9,850,934 75,063,267 Pleas Island 590,000 56,750 533,250 EDC 10,873,100 9,916,396 956,704 ARP 26,630,000 1,414,174 25,215,826 11 2021 Certificates of Obligation $32,900,000 Estimated Cost Total Expense Balance Streets 10,000,000 24,516 9,975,484 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 9,900,000 449,639 9,450,361 Total 32,900,000 995,907 31,904,093 12 Disaster Funds Harvey Covid Laura Revenue 30,227,964 3,002,725 217,050 Expense 34,171,680 3,520,481 3,075,610 Net (3,943,716)(517,756)(2,858,560) 13 Quarterly Investment Report % of Portfolio Yield Face Amount Interest Earned During Qtr Beginning Portfolio (12/31/2021) 149,708,941 Bank Deposits 5%0.10%6,823,583 675 Local Govt Investment Pools 95%0.06%137,992,060 22,122 Ending/Avg Portfolio (3/31/2022)100%0.06%144,815,643 22,797 14