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Home My WebLink About(P3) Council Presentation Sep22FY 2021-2022 Budget Monthly Report September 2022 1 General Fund Revenue Amended Budget Actual Variance Property Taxes 15,735,000 16,494,669 759,669 Industrial Payments 33,340,000 33,272,431 (67,569) Sales and Use Tax 12,275,000 14,711,365 2,436,365 Gross Receipts 8,550,000 10,588,483 2,038,483 Other Revenues 2,434,600 3,046,827 612,227 Transfers In 5,475,314 5,434,217 (41,097) Total Revenues 77,809,914 83,547,992 5,738,078 2 General Fund Amended Budget Actual Variance Revenues 77,809,914 83,547,992 5,738,078 Operating Expenditures 72,271,046 67,200,835 (5,070,211) Transfers to Capital Impr.7,703,000 7,703,000 - Other Transfers 4,931,892 4,931,897 5 Rev over (under) Exp (7,096,024)3,712,260 Beginning Fund Balance 30,932,365 30,932,365 Ending Fund Balance 23,836,341 34,644,625 Days 120 188 3 Water and Sewer Fund Amended Budget Actual Variance Revenues 30,984,000 32,523,029 1,539,029 Operating Expenditures 22,455,119 21,486,389 (968,730) Transfers out 8,124,098 8,124,098 - Revenue over (under) expenses 404,783 2,912,542 4 Solid Waste Fund Amended Budget Actual Variance Revenues 10,510,000 9,727,477 (782,523) Operating Expenditures 7,091,330 6,890,052 (201,278) Transfers out 3,381,386 3,381,386 - Revenue over (under) expenses 37,284 (543,961) 5 Pleasure Island Fund Amended Budget Actual Variance Revenues 1,053,000 1,100,107 47,107 Operating Expenditures 982,246 898,603 (83,643) Transfers out 60,000 60,000 - Revenue over (under) expenses 10,754 141,504 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 9,531,828 14,236,734 10,291,330 3,945,404 District 2 9,273,495 4,838,200 4,435,295 4,435,295 - District 3 10,982,513 4,956,537 6,025,976 6,025,976 - District 4 18,599,725 4,758,044 13,841,681 9,905,297 3,936,384 Total 62,624,295 24,084,609 38,539,686 30,657,898 7,881,788 8 Open Street Projects Estimated Cost Total Expense Balance District 1 13,526,264 3,234,934 10,291,330 District 2 7,366,803 2,931,509 4,435,294 District 3 10,784,036 4,758,060 6,025,976 District 4 14,259,370 4,354,163 9,905,207 Total 45,936,473 15,278,666 30,657,807 9 General Improvements Estimated Cost Total Expense Balance City Facilities 20,700,430 3,176,620 17,523,810 IT 3,920,000 1,997,663 1,922,337 Fire 1,600,000 1,585,280 14,720 Public Works 800,000 195,167 604,833 Parks & Rec 4,663,875 1,446,259 3,217,616 Total 31,684,305 8,400,989 23,283,316 10 Other Capital Improvements Estimated Cost Total Expense Balance Drainage 69,132,254 6,210,855 62,921,399 Downtown 5,075,000 825,619 4,249,381 Water 84,914,200 15,044,404 69,869,796 Pleas Island 590,000 138,500 451,500 EDC 10,873,100 10,840,083 33,017 ARP 26,731,836 1,910,665 24,821,171 11 2021 Certificates of Obligation $32,900,000 Estimated Cost Total Expense Balance Streets 10,000,000 479,661 9,520,339 Drainage Pump Stations (7)2,000,000 -2,000,000 Animal Shelter 6,500,000 27,805 6,472,195 New Health Bldg Renovation 4,500,000 582,486 3,917,514 Water & Sewer 9,900,000 862,270 9,037,730 Total 32,900,000 1,952,222 30,947,778 12 Disaster Funds Harvey Covid Laura Revenue 30,251,453 3,002,725 217,050 Expense 34,408,080 3,585,686 3,332,568 Net (4,156,627)(582,961)(3,115,518) 13 Quarterly Investment Report % of Portfolio Yield Face Amount Interest Earned During Qtr Beginning Portfolio (06/30/2022) 147,891,894 Bank Deposits 5.63%0.616%8,472,780 13,061 Local Govt Investment Pools 94.37%1.869%141,973,545 607,608 Ending/Avg Portfolio (9/30/2022) 100%1.799%150,446,325 620,669 14