Loading...
HomeMy WebLinkAbout(6P) Council Presentation March 2023FY 2022-2023 Budget Monthly Report March 2023 1 General Fund Revenue Amended Budget Actual YTD Budget Variance Property Taxes 15,906,000 14,877,660 14,520,371 357,289 Industrial Payments 29,393,598 28,777,547 28,777,547 - Sales and Use Tax 15,160,000 7,457,962 7,374,763 83,199 Gross Receipts 9,080,000 3,069,821 2,576,971 492,850 Other Revenues 2,763,380 4,258,442 1,381,690 2,876,752 Transfers In 3,028,448 1,514,224 1,514,224 - Total Revenues 75,331,426 59,955,656 56,145,566 3,810,090 2 General Fund Amended Budget Actual YTD Budget Variance Revenues 75,331,426 59,955,656 56,145,566 3,810,090 Operating Expenditures 73,109,000 31,885,700 37,415,639 (5,529,939) Transfers to Capital Impr.8,583,266 4,291,633 4,291,633 - Other Transfers 2,223,688 1,111,844 1,111,844 - Rev over (under) Exp (8,584,528)22,666,479 13,326,450 Beginning Fund Balance 34,644,625 34,644,625 34,644,625 Ending Fund Balance 26,060,097 57,311,104 47,971,075 Days 130 656 468 3 Water and Sewer Fund Amended Budget Actual YTD Budget Variance Revenues 34,456,399 17,363,653 17,228,200 135,454 Operating Expenditures 25,780,947 12,529,102 13,108,599 (579,497) Transfers out 8,050,206 4,025,104 4,025,104 - Revenue over (under) expenses 625,246 809,447 94,496 4 Solid Waste Fund Amended Budget Actual YTD Budget Variance Revenues 10,600,000 4,975,337 5,300,000 (324,663) Operating Expenditures 7,616,303 2,942,862 3,883,057 (940,195) Transfers out 2,294,386 1,147,193 1,147,193 - Revenue over (under) expenses 689,311 885,282 269,750 5 Pleasure Island Fund Amended Budget Actual YTD Budget Variance Revenues 1,084,000 848,913 542,000 306,913 Operating Expenditures 958,777 374,487 490,254 (115,767) Transfers out 96,000 48,000 48,000 - Revenue over (under) expenses 29,223 426,426 3,746 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 10,595,608 16,421,757 16,255,264 166,493 District 2 9,273,495 5,226,385 4,047,110 3,387,579 659,531 District 3 10,982,513 4,962,327 6,020,186 5,953,624 66,562 District 4 18,599,725 5,093,136 13,506,589 9,421,564 4,085,025 Total 65,873,098 25,877,456 39,995,642 35,018,031 4,977,611 Year 5 10,000,000 10,000,000 10,000,000 Total 75,873,098 49,995,642 14,977,611 8 Open Street Projects Estimated Cost Total Expense Balance District 1 20,280,344 4,025,080 16,255,264 District 2 6,444,637 3,057,058 3,387,579 District 3 10,717,474 4,763,850 5,953,624 District 4 14,052,945 4,631,381 9,421,564 Total 51,495,400 16,477,369 35,018,031 9 General Improvements Estimated Cost Total Expense Balance City Facilities 29,744,930 3,751,148 25,993,782 IT 4,751,000 2,405,603 2,345,397 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 9,100,474 33,497,082 10 Other Capital Improvements Estimated Cost Total Expense Balance Other Street Imp 700,000 -700,000 Drainage 69,132,254 6,644,560 62,487,694 Downtown 5,125,000 833,601 4,291,399 Water 90,514,200 27,620,780 62,893,421 Solid Waste 4,960,000 1,781,063 3,178,937 Pleasure Island 2,704,500 261,400 2,443,100 ARP 26,731,836 5,812,439 20,919,397 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 57,369 6,442,631 New Health Bldg Renovation 4,500,000 785,257 3,714,743 Water & Sewer 9,900,000 1,434,455 8,465,545 Total 32,900,000 3,090,545 29,809,455 12 Disaster Funds Harvey Covid Laura Revenue 31,518,599 3,120,773 217,050 Expense 34,511,325 3,585,686 3,385,477 Net (2,992,726)(464,913)(3,168,427) 13 Quarterly Investment Report % of Portfolio Yield Face Amount Interest Earned During Qtr Beginning Portfolio (9/30/2022) 173,002,499.34 Bank Deposits 4%1.83%7,058,040.58 24,676.16 Local Govt Investment Pools 96%4.40%158,714,331.19 1,784,536.47 Ending/Avg Portfolio (12/31/2022) 100%4.29%165,772,371.77 1,809,212.63 14