Alameda City Council
February 20, 2024

Exhibit 2
2021‐22 Actual 2022 ‐23 Actual
2023‐24
Adopted Budget
2023‐24
Revised Budget
Mid‐Year
Adjustments
2023‐24
Mid‐Year
Revenues
Property Tax 51,486,500 57,215,945 56,677,000             56,677,000           2,249,000          58,926,000 Sales Tax 22,755,699 22,522,274 22,500,000             22,500,000           (400,000)            22,100,000 Property Transfer Tax 21,929,943 11,118,684 13,000,000             13,000,000           (2,200,000)         10,800,000 Utility Users Tax 9,011,553 10,102,930 9,210,000               9,210,000             370,000              9,580,000 Franchise Fees 3,297,589 3,342,683 3,179,000               3,179,000             197,000              3,376,000 Business License Tax 2,555,336 3,207,364 3,300,000               3,300,000             ‐                       3,300,000 Transient Occupancy Tax 2,382,071 2,481,568 2,760,000               2,760,000             200,000              2,960,000 Other Taxes 1,551,000 1,322,000 1,348,000               1,348,000             ‐                       1,348,000 Fees and Charges for Services 7,802,487 10,005,593 8,283,500               8,283,500             283,000              8,566,500 Transfers In 4,422,374 13,454,596 5,106,000               5,106,000             1,839,000          6,945,000 Investment and Property Income 277,024 3,054,905 1,867,412               1,867,412             ‐                       1,867,412 Intergovernmental Revenue 830,977 977,741 1,401,000               1,401,000             ‐                       1,401,000 Fines/Forfeiture/Penalty 347,940 407,424 185,000                   185,000                ‐                       185,000 Other Revenue 106,675 3,075,685 15,745                     15,745                   ‐                       15,745 Licenses and Permits 5,000 544 800                           800                        ‐                       800 128,762,168      142,289,936      128,833,457          128,833,457         2,538,000          131,371,457 Expenses
Salaries and Employee Benefits 73,635,849        81,153,190        86,070,729            86,167,929           851,224              87,019,153 Fire 31,749,494         35,946,426        38,431,696            38,431,696           (85,276)              38,346,420 Police 28,994,454         30,312,280        31,203,908            31,203,908           900,000              32,103,908 Recreation & Parks 5,149,078           5,902,310          6,211,720              6,211,720             212,000              6,423,720 Other Departments 7,742,823           8,992,174          10,723,405            10,820,605           124,500              10,945,105 Vacancy Savings ‐                      ‐                       (500,000)                (500,000)               (300,000)            (800,000) Transfers Out 15,121,450         10,607,038        28,824,313            31,259,302           483,654              31,742,956 Operating Expenditures 11,248,427         13,407,477        17,585,197            21,248,696           373,240              21,621,936 Cost Allocation 12,971,618         14,103,915        18,786,590            18,786,590           286,520              19,073,110 Debt Service 236,578               250,955              ‐                           ‐                          ‐                       ‐ Capital Outlay 147,521               108,375              1,330,000              1,457,525             ‐                       1,457,525 113,361,443      119,630,950      152,596,829          158,920,042         1,994,638          160,914,680 22,658,986        (23,763,372)           (30,086,585)         543,362              (29,543,223) General Fund
Budget Summary
Revenues Less Expenses 15,400,725