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(P5) Council Presentation June22
FY 2021-2022 Budget Monthly Report June 2022 1 General Fund Revenue Amended Budget Actual YTD Budget Variance Property Taxes 15,735,000 16,165,499 15,377,976 787,523 Industrial Payments 33,340,000 33,222,431 33,270,000 (47,569) Sales and Use Tax 12,275,000 11,064,863 9,122,919 1,941,944 Gross Receipts 8,550,000 4,039,635 3,407,572 632,063 Other Revenues 2,434,600 2,387,203 1,825,950 561,253 Transfers In 5,475,314 4,106,486 4,106,486 - Total Revenues 77,809,914 70,986,117 67,110,903 3,875,214 2 General Fund Amended Budget Actual YTD Budget Variance Revenues 77,809,914 70,986,117 67,110,903 3,875,214 Operating Expenditures 72,271,046 46,418,949 51,513,497 (5,094,548) Transfers to Capital Impr.7,869,000 5,901,750 5,901,750 - Other Transfers 4,765,892 3,574,419 3,574,419 - Rev over (under) Exp (7,096,024)15,090,999 6,121,237 Beginning Fund Balance 30,932,365 30,932,365 30,932,365 Ending Fund Balance 23,836,341 46,023,364 37,053,602 Days 120 449 334 3 Water and Sewer Fund Amended Budget Actual YTD Budget Variance Revenues 30,984,000 23,740,493 23,238,000 502,493 Operating Expenditures 21,488,119 14,669,073 16,116,089 (1,447,016) Transfers out 9,091,098 6,818,324 6,818,324 - Revenue over (under) expenses 404,783 2,253,096 303,587 4 Solid Waste Fund Amended Budget Actual YTD Budget Variance Revenues 10,510,000 7,177,286 7,882,500 (705,214) Operating Expenditures 7,091,330 4,433,220 5,116,761 (683,541) Transfers out 3,381,386 2,536,040 2,536,040 - Revenue over (under) expenses 37,284 208,026 229,699 5 Pleasure Island Fund Amended Budget Actual YTD Budget Variance Revenues 1,053,000 819,794 789,750 30,044 Operating Expenditures 982,246 609,993 713,396 (103,403) Transfers out 60,000 45,000 45,000 - Revenue over (under) expenses 10,754 164,801 31,354 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 9,087,723 16,479,239 9,928,348 6,550,891 District 2 9,134,457 4,709,121 4,425,336 2,304,941 2,120,395 District 3 7,524,751 4,893,938 2,630,813 1,846,031 784,782 District 4 20,398,125 4,532,330 15,865,795 10,096,011 5,769,784 Total 62,624,295 23,223,112 39,401,183 24,175,331 15,225,852 8 Open Street Projects Estimated Cost Total Expense Balance District 1 12,719,177 2,790,829 9,928,348 District 2 5,107,371 2,802,430 2,304,941 District 3 6,541,492 4,695,461 1,846,031 District 4 14,224,370 4,128,359 10,096,011 Total 38,592,410 14,417,079 24,175,331 9 General Improvements Estimated Cost Total Expense Balance City Facilities 20,700,430 2,762,542 17,937,888 IT 3,920,000 1,885,458 2,034,542 Fire 1,600,000 1,585,280 14,720 Public Works 800,000 190,136 609,864 Parks & Rec 4,663,875 1,265,552 3,398,323 Total 31,684,305 7,688,968 23,995,337 10 Other Capital Improvements Estimated Cost Total Expense Balance Drainage 69,132,254 5,847,395 63,284,859 Downtown 5,075,000 773,119 4,301,881 Water 84,914,200 11,073,851 73,840,349 Pleas Island 590,000 126,000 464,000 EDC 10,873,100 10,686,382 186,718 ARP 26,731,836 1,971,065 24,760,771 11 2021 Certificates of Obligation $32,900,000 Estimated Cost Total Expense Balance Streets 10,000,000 205,666 9,794,334 Drainage Pump Stations (7)2,000,000 -2,000,000 Animal Shelter 6,500,000 16,378 6,483,622 New Health Bldg Renovation 4,500,000 505,440 3,994,560 Water & Sewer 9,900,000 825,891 9,074,109 Total 32,900,000 1,553,375 31,346,625 12 Disaster Funds Harvey Covid Laura Revenue 30,251,454 3,002,725 217,050 Expense 34,304,366 3,562,303 3,189,964 Net (4,052,912)(559,578)(2,972,914) 13 Quarterly Investment Report % of Portfolio Yield Face Amount Interest Earned During Qtr Beginning Portfolio (03/31/2021) 144,815,643 Bank Deposits 11.97%0.099%17,699,537 1,559 Local Govt Investment Pools 88.03%0.613%130,192,357 200,297 Ending/Avg Portfolio (6/30/2022) 100%0.551%147,891,894 201,856 14