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HomeMy WebLinkAbout(3) Council Presentation April 2023FY 2022-2023 Budget Monthly Report April 2023 1 General Fund Revenue Amended Budget Actual YTD Budget Variance Property Taxes 15,906,000 15,100,732 14,637,325 463,407 Industrial Payments 29,393,598 28,777,547 29,340,997 (563,450) Sales and Use Tax 15,160,000 8,594,349 8,567,220 27,129 Gross Receipts 9,080,000 3,070,472 2,567,940 502,532 Other Revenues 2,763,380 4,527,321 1,611,972 2,915,349 Transfers In 3,028,448 1,766,595 1,766,595 - Total Revenues 75,331,426 61.837,016 58,492,048 3,344,968 2 General Fund Amended Budget Actual YTD Budget Variance Revenues 75,331,426 61,837,016 58,492,048 3,344,968 Operating Expenditures 73,109,000 37,547,815 43,866,143 (6,318,328) Transfers to Capital Impr.8,583,266 5,006,905 5,006,905 - Other Transfers 2,223,688 1,297,151 1,297,151 - Rev over (under) Exp (8,584,528)17,985,145 8,321,850 Beginning Fund Balance 34,644,625 34,644,625 34,644,625 Ending Fund Balance 26,060,097 52,629,770 42,966,475 Days 130 512 358 3 Water and Sewer Fund Amended Budget Actual YTD Budget Variance Revenues 34,456,399 20,496,458 20,099,566 396,892 Operating Expenditures 25,780,947 14,310,144 15,329,721 (1,019,577) Transfers out 8,050,206 4,695,954 4,695,954 - Revenue over (under) expenses 625,246 1,490,360 73,891 4 Solid Waste Fund Amended Budget Actual YTD Budget Variance Revenues 10,600,000 6,012,596 6,183,333 (170,737) Operating Expenditures 7,616,303 3,494,709 4,542,717 (1,048,008) Transfers out 2,294,386 1,338,392 1,338,392 - Revenue over (under) expenses 689,311 1,179,495 302,224 5 Pleasure Island Fund Amended Budget Actual YTD Budget Variance Revenues 1,084,000 963,177 632,333 330,844 Operating Expenditures 958,777 430,442 573,774 (143,332) Transfers out 96,000 56,000 56,000 - Revenue over (under) expenses 29,223 476,735 2,560 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) Street Summary Total Allocation Total Expense Balance Committed Balance Remaining District 1 27,017,365 10,594,538 16,422,827 District 2 9,273,495 5,225,544 4,047,951 District 3 10,982,513 4,960,115 6,022,398 District 4 18,599,725 5,098,642 13,501,083 Total 65,873,098 25,878,839 39,994,259 Year 5 10,000,000 -10,000,000 Total 75,873,098 25,878,839 49,994,259 35,048,973 14,945,286 8 Open Street Projects Estimated Cost Total Expense Balance District 1 20,312,669 4,024,223 16,288,446 District 2 6,444,637 3,056,217 3,388,420 District 3 10,717,474 4,761,638 5,955,836 District 4 14,052,945 4,636,674 9,416,271 Total 51,527,725 16,478,752 35,048,973 9 General Improvements Estimated Cost Total Expense Balance City Facilities 29,744,930 3,831,137 25,913,793 IT 4,751,000 2,525,568 2,225,432 Fire 1,100,000 -1,100,000 Public Works 800,000 217,539 582,461 Parks & Rec 6,201,626 2,744,786 3,456,840 Total 42,597,556 9,319,030 33,278,526 10 Other Capital Improvements Estimated Cost Total Expense Balance Other Street Imp 700,000 -700,000 Drainage 69,132,254 6,787,370 62,344,884 Downtown 5,125,000 833,601 4,291,399 Water 90,514,200 30,280,012 60,234,189 Solid Waste 4,960,000 1,781,063 3,178,937 Pleasure Island 2,704,500 268,151 2,436,349 ARP 26,731,836 6,410,606 20,321,230 11 2021 Certificates of Obligation $32,900,000 Estimated Cost Total Expense Balance Streets 10,000,000 686,386 9,313,614 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 1,755,885 8,144,115 Total 32,900,000 3,422,634 29,477,366 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