The URL can be used to link to this page

Home My WebLink About(P2) Council Presentation Nov22FY 2022-2023 Budget Monthly Report November 2022 1 General Fund Revenue Amended Budget Actual YTD Budget Variance Property Taxes 15,906,000 981,015 1,189,303 (208,288) Industrial Payments 29,393,598 28,777,547 28,777,547 - Sales and Use Tax 15,160,000 2,540,965 2,462,777 78,188 Gross Receipts 9,080,000 1,558,209 1,391,865 166,344 Other Revenues 2,763,380 1,319,916 460,563 859,353 Transfers In 3,028,448 504,741 504,741 - Total Revenues 75,331,426 35,682,393 34,786,796 895,597 2 General Fund Amended Budget Actual YTD Budget Variance Revenues 75,331,426 35,682,393 34,786,797 895,596 Operating Expenditures 73,109,000 7,925,980 10,607,519 (2,681,539) Transfers to Capital Impr.8,583,266 1,430,544 1,430,544 - Other Transfers 2,223,688 370,615 370,615 - Rev over (under) Exp (8,584,528)25,955,254 22,378,119 Beginning Fund Balance 34,644,625 34,644,625 34,644,625 Ending Fund Balance 26,060,097 60,599,879 57,022,744 Days 130 2,791 1,962 3 Water and Sewer Fund Amended Budget Actual YTD Budget Variance Revenues 34,456,399 6,080,980 5,742,733 338,247 Operating Expenditures 25,780,947 3,021,845 3,933,281 (911,436) Transfers out 8,050,206 1,341,701 1,341,701 - Revenue over (under) expenses 625,246 1,717,434 467,751 4 Solid Waste Fund Amended Budget Actual YTD Budget Variance Revenues 10,600,000 1,620,960 1,766,667 (145,707) Operating Expenditures 7,616,303 768,032 1,144,541 (376,509) Transfers out 2,294,386 382,398 382,398 - Revenue over (under) expenses 689,311 470,530 239,728 5 Pleasure Island Fund Amended Budget Actual YTD Budget Variance Revenues 1,084,000 398,845 90,333 308,512 Operating Expenditures 958,777 83,134 141,687 (58,553) Transfers out 96,000 16,000 16,000 - Revenue over (under) expenses 29,223 299,711 (67,354) 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 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 9,629,098 14,139,464 9,673,130 4,466,334 District 2 9,273,495 4,843,395 4,430,100 3,755,399 674,701 District 3 10,982,513 4,956,537 6,025,976 5,959,414 66,562 District 4 18,599,725 4,806,895 13,792,830 9,756,018 4,036,812 Total 62,624,295 24,235,925 38,388,370 29,143,961 9,244,409 Year 5 10,000,000 -10,000,000 -10,000,000 Total 72,624,295 24,235,925 48,388,370 29,143,961 19,244,409 8 Open Street Projects Estimated Cost Total Expense Balance District 1 12,654,171 3,058,570 9,595,601 District 2 6,424,637 2,674,068 3,750,569 District 3 10,717,474 4,758,060 5,959,414 District 4 14,052,945 4,345,141 9,707,804 Total 43,849,227 14,835,839 29,013,388 9 General Improvements Estimated Cost Total Expense Balance City Facilities 29,899,930 3,294,737 26,605,193 IT 4,751,000 2,177,009 2,573,991 Fire 1,100,000 -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 7,190,548 35,024,257 10 Other Capital Improvements Estimated Cost Total Expense Balance Other Street Imp 700,000 -700,000 Drainage 69,132,254 6,281,860 62,850,394 Downtown 5,125,000 833,601 4,291,399 Water 90,714,200 17,455,030 73,259,170 Solid Waste 4,960,000 -4,960,000 Pleasure Island 2,704,500 161,653 2,542,847 EDC 10,873,100 10,873,100 - ARP 26,731,836 3,489,082 23,242,754 11 2021 Certificates of Obligation $32,900,000 Estimated Cost Total Expense Balance Streets 10,000,000 536,407 9,463,593 Drainage Pump Stations (7)2,000,000 -2,000,000 Animal Shelter 6,500,000 49,094 6,450,906 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 2,030,257 30,869,743 12 Disaster Funds Harvey Covid Laura Revenue 31,495,099 3,002,725 217,050 Expense 34,441,609 3,585,686 3,365,461 Net (2,946,510)(582,961)(3,148,411) 13