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Home My WebLink About(P3) Council Presentation July22FY 2021-2022 Budget Monthly Report July 2022 1 General Fund Revenue Amended Budget Actual YTD Budget Variance Property Taxes 15,735,000 16,269,816 15,565,922 703,894 Industrial Payments 33,340,000 33,222,431 33,270,000 (47,569) Sales and Use Tax 12,275,000 12,305,519 10,134,319 2,171,200 Gross Receipts 8,550,000 4,359,824 3,440,379 919,445 Other Revenues 2,434,600 2,512,867 2,028,833 484,034 Transfers In 5,475,314 4,562,762 4,562,762 - Total Revenues 77,809,914 73,233,219 69,002,215 4,231,004 2 General Fund Amended Budget Actual YTD Budget Variance Revenues 77,809,914 73,233,219 69,002,215 4,231,004 Operating Expenditures 72,271,046 53,911,190 59,258,614 (5,347,424) Transfers to Capital Impr.7,869,000 6,557,500 6,557,500 - Other Transfers 4,765,892 3,971,577 3,971,577 - Rev over (under) Exp (7,096,024)8,792,952 (785,476) Beginning Fund Balance 30,932,365 30,932,365 30,932,365 Ending Fund Balance 23,836,341 39,725,317 30,146,889 Days 120 269 186 3 Water and Sewer Fund Amended Budget Actual YTD Budget Variance Revenues 30,984,000 26,235,671 25,820,000 415,671 Operating Expenditures 21,488,119 16,754,820 18,194,433 (1,439,613) Transfers out 9,091,098 7,288,248 7,288,248 - Revenue over (under) expenses 404,783 2,192,603 337,319 4 Solid Waste Fund Amended Budget Actual YTD Budget Variance Revenues 10,510,000 7,991,067 8,758,333 (767,266) Operating Expenditures 7,091,330 5,305,753 5,991,097 (685,344) Transfers out 3,381,386 2,817,822 2,817,822 - Revenue over (under) expenses 37,284 (132,508)(50,586) 5 Pleasure Island Fund Amended Budget Actual YTD Budget Variance Revenues 1,053,000 906,668 877,500 29,168 Operating Expenditures 982,246 698,730 809,112 (110,382) Transfers out 60,000 50,000 50,000 - Revenue over (under) expenses 10,754 157,938 18,388 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 3,516,600 23,768,562 District 2 2,761,957 2,260,500 2,465,000 1,786,038 9,273,495 District 3 2,377,551 1,736,800 2,068,400 4,799,762 10,982,513 District 4 2,434,985 6,172,740 6,594,400 3,397,600 18,599,725 Total 19,546,290 14,385,805 15,192,200 13,500,000 62,624,295 7 *Re-Allocation approved by City Council on August 30, 2022 Street Summary Total Allocation Total Expense Balance Committed Unallocated District 1 23,768,562 9,213,132 14,555,430 9,802,939 4,752,491 District 2 9,273,495 4,768,718 4,504,777 4,504,777 - District 3 10,982,513 4,897,790 6,084,723 6,084,723 - District 4 18,599,725 4,543,016 14,056,709 10,085,325 3,971,384 Total 62,624,295 23,422,656 39,201,639 30,477,764 8,723,875 8 Open Street Projects Estimated Cost Total Expense Balance District 1 12,719,177 2,916,238 9,802,939 District 2 7,366,803 2,862,027 4,504,776 District 3 10,784,036 4,699,313 6,084,723 District 4 14,224,370 4,139,045 10,085,325 Total 45,094,386 14,616,623 30,477,763 9 General Improvements Estimated Cost Total Expense Balance City Facilities 20,700,430 2,797,969 17,902,461 IT 3,920,000 1,895,758 2,024,242 Fire 1,600,000 1,585,280 14,720 Public Works 800,000 190,136 609,864 Parks & Rec 4,663,875 1,402,863 3,261,012 Total 31,684,305 7,872,006 23,812,299 10 Other Capital Improvements Estimated Cost Total Expense Balance Drainage 69,132,254 6,020,136 63,112,118 Downtown 5,075,000 817,619 4,257,381 Water 84,914,200 12,862,993 72,051,207 Pleas Island 590,000 137,875 452,125 EDC 10,873,100 10,823,532 49,568 ARP 26,731,836 1,747,587 24,984,249 11 2021 Certificates of Obligation $32,900,000 Estimated Cost Total Expense Balance Streets 10,000,000 328,357 9,671,643 Drainage Pump Stations (7)2,000,000 -2,000,000 Animal Shelter 6,500,000 19,023 6,480,977 New Health Bldg Renovation 4,500,000 484,369 4,015,631 Water & Sewer 9,900,000 837,451 9,062,549 Total 32,900,000 1,669,200 31,230,800 12 Disaster Funds Harvey Covid Laura Revenue 30,251,454 3,002,725 217,050 Expense 34,304,366 3,562,303 3,277,586 Net (4,052,912)(559,578)(3,060,536) 13