The URL can be used to link to this page

Home My WebLink About(CMSR 2)Finance 2025 03 LB v2 Finance (2)FY 2024-2025 Budget Quarterly Report (March 2025) May 20, 2025 Presented by Lyn Boswell General Fund Revenue May 20, 2025 2 Amended Budget Month YTD Actual Percentage Property Taxes 17,155,471 843,986 15,674,553 91% Industrial Payments 35,000,000 11,913 31,589,052 90% Sales and Use Tax 52,155,471 855,899 47,263,604 91% Gross Receipts 223,786,495 3,999,069 161,306,734 72% Reserve Funds 15,813,444 --0% Transfers In 3,050,207 -3,050,207 100% Total Revenues 346,961,088 5,710,868 258,884,150 75% Through March 2025 General Fund May 20, 2025 3 Amended Budget Month YTD Actual Percentage Revenues 100,611,902 5,710,868 63,729,318 63% Operating Expenditures 86,494,556 9,431,421 37,801,406 44% Transfers to Capital Improvement 8,583,266 8,583,266 8,623,266 100% Other Transfers 5,534,080 5,534,080 5,534,080 100% Rev over (under) Exp -(17,837,899)11,770,566 Through March 2025 Water and Sewer Fund May 20, 2025 4 Amended Budget Month YTD Percentage Revenues 67,201,484 3,217,480 44,695,327 67% Operating Expenditures 28,212,649 2,108,824 14,236,492 50% Capital Expenditures 30,075,992 665,668 12,265,732 41% Transfers Out 8,912,843 -8,912,843 100% Rev over (under) Exp -442,988 9,280,261 Through March 2025 Solid Waste Fund May 20, 2025 5 Amended Budget Month YTD Percentage Revenues 13,150,007 963,865 7,656,771 58% Operating Expenditures 8,505,781 543,508 3,347,889 39% Capital Expenditures 2,276,930 --0% Transfers Out 2,367,296 -2,367,296 100% Rev over (under) Exp -420,357 1,941,586 Through March 2025 Pleasure Island Fund May 20, 2025 6 Amended Budget Month YTD Percentage Revenues 5,654,708 171,208 738,622 13% Operating Expenditures 1,380,183 83,893 539,052 39% Capital Expenditures 4,011,817 -76,924 2% Transfers Out 262,708 -262,708 100% Rev over (under) Exp -87,315 (140,062) Through March 2025 General Improvements May 20, 2025 7 Amended Budget Month YTD Percentage Administration 90,000 -2,140 Civic Center 2,030,192 -28,810 1.42% Development Services 7,365,000 -1,223,269 16.61% Fire 4,165,825 528,688 634,391 15.23% Equipment Services (Garage)1,555,898 256,956 557,496 35.83% Public Health 412,802 870 870 Information Technology 1,213,000 -2,140 0.18% Parks & Recreation 2,974,869 19,288 19,288 0.65% Police 2,015,000 -21,105 1.05% Public Works Drainage 2,399,390 -5,000 0.21% Public Works -City Hall 914,020 34,545 1,895,100 207.34% Public Works -Streets 42,834,080 178,410 2,971,920 6.94% Traffic 660,000 --0.00% Total 68,630,076 1,018,757 7,361,528 10.73% Through March 2025 Other Capital Improvements May 20, 2025 8 Estimated Cost Total Expenses Balance Percentage Drainage 35,300,000 8,715,649 26,584,351 24.69% Water and Sewer 26,500,530 8,891,527 17,609,003 33.55% Solid Waste 2,385,000 0 2,385,000 0.00% Transit 10,236,796 68,446 10,168,350 0.67% Pleasure Island 3,739,483 76,924 3,662,559 2.06% Equipment Various Departments 7,193,979 2,665,333 4,528,646 37.05% Through March 2025 2024 Certificates of Obligation $19,675,000 May 20, 2025 9 Estimated Cost Total Expense Balance Street Improvements 3,250,000 -3,250,000 New Construction of Fire Station No. 2 11,675,000 501,410 11,173,590 Public Park Improvements 2,000,000 -2,000,000 Club House Improvements 1,250,000 -1,250,000 City's Operation Center Renovations (H.O. Mills)1,500,000 202,819 1,297,181 19,675,000 704,229 18,970,771 Through March 2025 Disaster Funds May 20, 2025 10 CDBG-DR Hazard Mitigation Harvey ARPA Revenue 658,692 3,240,054 -168,801 Expenses 5,052,515 3,663,134 9,225 2,467,820 Net (4,393,823)(423,080)(9,225)(2,299,019) Through March 2025