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HomeMy WebLinkAboutCouncil Presentation Feb23FY 2022-2023 Budget Monthly Report February 2023 1 General Fund Revenue Amended Budget Actual YTD Budget Variance Property Taxes 15,906,000 14,482,892 14,626,856 (143,964) Industrial Payments 29,393,598 28,777,547 28,777,547 - Sales and Use Tax 15,160,000 6,286,321 6,308,408 (22,087) Gross Receipts 9,080,000 3,069,813 2,576,135 493,678 Other Revenues 2,763,380 3,513,291 1,151,408 2,361,883 Transfers In 3,028,448 1,261,853 1,261,853 - Total Revenues 75,331,426 57,391,717 54,702,208 2,689,510 2 General Fund Amended Budget Actual YTD Budget Variance Revenues 75,331,426 57,391,717 54,702,208 2,689,510 Operating Expenditures 73,109,000 26,116,724 30,965,134 (4,848,410) Transfers to Capital Impr.8,583,266 3,576,361 3,576,361 - Other Transfers 2,223,688 926,537 926,537 - Rev over (under) Exp (8,584,528)26,772,096 19,234,176 Beginning Fund Balance 34,644,625 34,644,625 34,644,625 Ending Fund Balance 26,060,097 61,416,721 53,878,801 Days 130 858 635 3 Water and Sewer Fund Amended Budget Actual YTD Budget Variance Revenues 34,456,399 14,825,587 14,356,833 468,754 Operating Expenditures 25,780,947 10,012,792 10,887,479 (874,687) Transfers out 8,050,206 3,354,253 3,354,253 - Revenue over (under) expenses 625,246 1,458,543 115,102 4 Solid Waste Fund Amended Budget Actual YTD Budget Variance Revenues 10,600,000 4,201,021 4,416,667 (215,646) Operating Expenditures 7,616,303 2,262,460 3,223,397 (960,937) Transfers out 2,294,386 955,994 955,994 - Revenue over (under) expenses 689,311 982,567 237,276 5 Pleasure Island Fund Amended Budget Actual YTD Budget Variance Revenues 1,084,000 740,199 451,667 288,532 Operating Expenditures 958,777 282,611 406,734 (124,123) Transfers out 96,000 40,000 40,000 - Revenue over (under) expenses 29,223 417,588 4,933 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 6,765,403 27,017,365 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 16,748,803 65,873,098 10,000,000 Total Alloc.75,873,098 7 Year 5 (FY23) –Unallocated at this time Street Summary Total Allocation Total Expense Balance Committed Unallocated District 1 27,017,365 10,572,372 16,444,993 16,278,500 166,493 District 2 9,273,495 5,216,494 4,057,001 3,397,470 659,531 District 3 10,982,513 4,945,295 6,037,218 5,970,656 66,562 District 4 18,599,725 5,060,537 13,539,188 9,454,163 4,085,025 Total 65,873,098 25,794,698 40,078,400 35,100,789 4,977,611 Year 5 10,000,000 10,000,000 10,000,000 Total 75,873,098 50,078,400 14,977,611 8 Open Street Projects Estimated Cost Total Expense Balance District 1 20,280,344 4,001,844 16,278,500 District 2 6,444,637 3,047,167 3,397,470 District 3 10,717,474 4,746,818 5,970,656 District 4 14,052,945 4,598,782 9,454,163 Total 51,495,400 16,394,611 35,100,789 9 General Improvements Estimated Cost Total Expense Balance City Facilities 29,744,930 3,517,310 26,227,620 IT 4,751,000 2,444,773 2,306,227 Fire 1,100,000 -1,100,000 Public Works 800,000 198,937 601,063 Parks & Rec 6,201,626 2,744,786 3,456,840 Total 42,597,556 8,905,806 33,691,750 10 Other Capital Improvements Estimated Cost Total Expense Balance Other Street Imp 700,000 -700,000 Drainage 69,132,254 6,569,627 62,562,627 Downtown 5,125,000 833,601 4,291,399 Water 90,514,200 25,713,883 64,800,318 Solid Waste 4,960,000 860,743 4,099,257 Pleasure Island 2,704,500 200,900 2,503,600 ARP 26,731,836 3,524,193 23,207,643 11 2021 Certificates of Obligation $32,900,000 Estimated Cost Total Expense Balance Streets 10,000,000 675,727 9,324,273 Drainage Pump Stations (7)2,000,000 137,737 1,862,263 Animal Shelter 6,500,000 54,118 6,445,882 New Health Bldg Renovation 4,500,000 660,611 3,839,389 Water & Sewer 9,900,000 1,407,600 8,492,400 Total 32,900,000 2,935,793 29,964,207 12 Disaster Funds Harvey Covid Laura Revenue 31,518,599 3,120,773 217,050 Expense 34,511,325 3,585,686 3,382,509 Net (2,992,726)(464,913)(3,165,459) 13