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(P3) Council Presentation Oct22
FY 2022-2023 Budget Monthly Report October 2022 1 General Fund Revenue Amended Budget Actual YTD Budget Variance Property Taxes 15,906,000 308,268 300,635 7,633 Industrial Payments 29,393,598 27,155,083 27,155,083 - Sales and Use Tax 15,160,000 1,118,923 1,101,869 17,054 Gross Receipts 9,080,000 739 36,022 (35,283) Other Revenues 2,763,380 623,317 230,281 393,036 Transfers In 3,028,448 252,371 252,371 - Total Revenues 75,331,426 29,458,701 29,076,261 382,440 2 General Fund Amended Budget Actual YTD Budget Variance Revenues 75,331,426 29,458,701 29,076,261 382,440 Operating Expenditures 73,109,000 3,323,456 4,873,190 (1,549,734) Transfers to Capital Impr.8,583,266 715,272 715,272 - Other Transfers 2,223,688 185,307 185,307 - Rev over (under) Exp (8,584,528)25,234,666 23,302,492 Beginning Fund Balance 34,644,625 34,644,625 34,644,625 Ending Fund Balance 26,060,097 59,879,291 57,947,117 Days 130 6,576 4,340 3 Water and Sewer Fund Amended Budget Actual YTD Budget Variance Revenues 34,456,399 2,907,530 2,871,367 36,163 Operating Expenditures 25,780,947 1,449,950 1,857,578 (407,628) Transfers out 8,050,206 670,851 670,851 - Revenue over (under) expenses 625,246 786,729 342,938 4 Solid Waste Fund Amended Budget Actual YTD Budget Variance Revenues 10,600,000 824,522 883,333 (58,811) Operating Expenditures 7,616,303 281,268 534,817 (253,549) Transfers out 2,294,386 191,199 191,199 - Revenue over (under) expenses 689,311 352,055 157,317 5 Pleasure Island Fund Amended Budget Actual YTD Budget Variance Revenues 1,084,000 298,983 90,333 208,650 Operating Expenditures 958,777 41,166 65,411 (24,245) Transfers out 96,000 8,000 8,000 - Revenue over (under) expenses 29,223 249,817 16,922 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 10,000000 Total Alloc.72,624,295 7 Year 5 (FY23) –Unallocated at this time Street Summary Total Allocation Total Expense Balance Committed Unallocated District 1 23,768,562 9,551,569 14,216,993 9,673,130 4,543,863 District 2 9,273,495 4,838,565 4,434,930 3,755,399 679,531 District 3 10,982,513 4,956,537 6,025,976 5,959,414 66,562 District 4 18,599,725 4,758,681 13,841,044 9,756,018 4,085,026 Total 62,624,295 24,105,352 38,518,943 29,143,961 9,374,982 Year 5 10,000,000 -10,000,000 -10,000,000 Total 72,624,295 24,105,352 48,518,943 29,143,961 19,374,982 8 Open Street Projects Estimated Cost Total Expense Balance District 1 12,654,171 2,981,041 9,673,130 District 2 6,424,637 2,669,238 3,755,399 District 3 10,717,474 4,758,060 5,959,414 District 4 14,052,945 4,296,927 9,756,018 Total 43,849,227 14,705,266 29,143,961 9 General Improvements Estimated Cost Total Expense Balance City Facilities 29,899,930 3,284,560 26,615,370 IT 4,751,000 2,133,398 2,617,602 Fire 1,100,000 0 1,100,000 Public Works 800,000 195,167 604,833 Parks & Rec 5,663,875 1,523,635 4,140,240 Total 42,214,805 7,136,760 35,078,045 10 Other Capital Improvements Estimated Cost Total Expense Balance Other Street Imp 700,000 -700,000 Drainage 69,132,254 6,233,785 62,898,469 Downtown 5,125,000 825,601 4,299,399 Water 90,514,200 17,260,311 73,253,889 Solid Waste 4,960,000 -4,960,000 Pleasure Island 2,704,500 161,653 2,542,847 EDC 10,873,100 10,840,083 33,017 ARP 26,731,836 1,912,465 24,819,371 11 2021 Certificates of Obligation $32,900,000 Estimated Cost Total Expense Balance Streets 10,000,000 500,155 9,499,845 Drainage Pump Stations (7)2,000,000 -2,000,000 Animal Shelter 6,500,000 39,802 6,460,198 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 1,984,713 30,915,287 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