City of Corona, CA
Quarterly Budget Update - Quarter 3, FY 2022
Overview
City management is pleased to present this quarterly
update summarizing the City’s overall budget activity
through Quarter 3 (March 31, 2022) for Fiscal Year
(FY) 2022. The City’s fiscal year is July 1 through
June 30. For audited information, or to find greater
detail, please refer to the City’s annual financial
statement, which is released by December 31st following the end of the fiscal year.
Budget Adjustments and Revenue Estimates. The
revenue projections and budget expenditures presented in this update include budget adjustments approved by the City Council, continuing appropriations, prior year encumbrances, mid-year revenue estimates, and updated revenue estimates presented
at the Spring Financial Workshop on April 7, 2022.
Items to note. There are two important items to note
about this update. (1) In October 2021, the City issued Pension Obligation Bonds. With the bond issuance in process at the beginning of the fiscal year, the City did not make the annual CalPERS unfunded
liability prepayment in July 2021. That change has a
significant impact when comparing FY 2022 to FY
2021. The changes include the PERS payment, bond
issuance costs (one-time), and debt service costs. (2)
In August 2021, the City implemented a reorganization of multiple departments. The funding details are not captured in this update. Some of the accounting
details are still being finalized. They were anticipated to be completed by the Quarter 3 update.
General Fund
General Fund Financial Condition. The City’s General Fund is the primary source of discretionary resources that funds many of the services provided to the citizens of the City of Corona. The General Fund
is actually a combination of the General Fund, Measure X Fund, and Historic Civic Center Fund.
The General Fund inflows (revenue and transfers in)
for FY 2022 are currently estimated at $413.8 million. Based on FY 2022 projections, there is an estimated increase of $236.2 million when compared to the cumulative budget. Of this change, $222.0 Million
May 4, 2022 Quarter 3, Fiscal Year 2022
is related to accounting for the pension obligation
bonds (POBs). The revenue changes will be discussed
later in this section.
The City has received or recorded 86.4% of the estimated General Fund inflows, through the end of Quarter 3 (at the time this information was prepared). Overall, inflows are up by +242.3% when compared to the same quarter of FY 2021. Adjusting
for Proceeds for Long Term Obligations, the increase
is +29.7%. The increase is largely due to increases
in Measure X and regular sales tax estimates.
As of Quarter 3 of FY 2022, the General Fund has
spent 81.4% of its cumulative expenditure budget
(including transfers out). Comparing Quarter 3 of FY
2022 to FY 2021, expenditures/outflows are up by
+202.2%, or $242.5 million. Of the increase,
$209.6 million is related to the pension obligation
bonds and $30.0 million was transferred from the
General Fund to establish the pension stabilization
fund.
General Fund Revenues
Top 5 Revenues Compared, Quarter 3
$-
$10
$20
$30
$40
$50
$60
Millions
FY 2020
FY 2021
FY 2022
Millions
General Fund Inflows
Top Five Revenues. The City’s top five General
Fund revenue categories account for approximately
92% of the total estimated General Fund inflows for
FY 2022 (excluding Proceeds from Long Term Obligations). Focusing on these sources can provide a useful understanding of the City’s income position.
The bar graph, on page 1, illustrates the performance of the top five revenues as compared to the same quarter of the prior two fiscal years.
Sales Tax. At the end of Quarter 3, Sales Tax is the
largest General Fund revenue category. This category includes the City’s portion of sales tax, Measure X, Prop. 172 sales tax, and allowance for sales tax
agreements. As of Quarter 3, the total received for
Measure X is $22.9 million and $29.0 million for the
remaining sales tax items.
For sales tax payments, the City receives monthly advances from the State with a quarterly clean-up/ reconciliation. There is a lag of one quarter between
when vendors report to the State and when revenues
are received by the City. Details of the second quarter activity were presented by the City’s sales tax consultant, HdL Companies, at the April 13, 2022
Committee of the Whole meeting.
May 4, 2022 Quarter 3, Fiscal Year 2022
City of Corona, CA
Quarterly Budget Update - Quarter 3, FY 2022
Property Tax. At the end of Quarter 3, property tax
is the second largest General Fund revenue category.
The total for property taxes is $46.5 million, an increase of +$2.4 million, or +5.4%, over the prior fiscal year. The increase is primarily in secured property taxes. The majority of property tax revenues are recorded as revenue and booked as a receivable,
once the annual report is received from the County of
Riverside (generally November/December). Yearend adjustments ‘true-up’ the amounts to the actual cash received.
Other Revenues. The Other Revenues category is the
third largest category at the end of the Quarter 3.
Activity in this revenue group includes Rental/Lease
Income, Development Agreements, Telecommunication
Site Rentals, and Billboard Revenues. At the end of
Quarter 3, the total received is $9.7 million. Overall, the Other Revenues category is down by -4.7%, or -$0.5 million, as compared to the same quarter in
FY 2021. This is due to miscellaneous one-time items
received in FY 2021.
Current Services. At the end of Quarter 3, a total of
$9.7 million has been received in the Current Services
category. Items in this revenue group include plan
check fees, engineering and inspection fees, recreation revenues, and the Emergency Medical Services Program. Current Services are up by +25.7%, or
$2.0 million as compared to Quarter 3 of FY 2021.
When comparing to the prior fiscal year, there are
increases of +$0.9 million in recreation revenues and
facility rentals, +$0.4 million in paramedic program
revenues, +$0.3 million in plan check/engineering
and inspection fees, and +$0.2 million in passport
revenues.
General Fund Inflows - Revenues + Transfers In
Quarter 3, FY 2021 to FY 2022
General Fund Through Q3 Through Q3 %
Revenue Category FY 2021 FY 2022 Change
Sales Tax $ 25,960,732 $ 29,040,162 11.9%
Measure X - 22,909,219 NA
Property Tax 44,125,485 46,522,118 5.4%
Other Revenue 10,156,422 9,680,407 -4.7%
Current Services 7,679,163 9,655,909 25.7%
Other Taxes 6,338,246 7,300,907 15.2%
Payments in Lieu of Services 4,230,532 4,530,002 7.1%
Intergovernmental Revenues 4,353,277 2,109,703 -51.5%
Licenses, Fees & Permits 1,813,196 1,783,749 -1.6%
Fines, Penalties & Forfeitures 451,137 701,193 55.4%
Special Assessments 235,564 292,290 24.1%
Investment Earnings (1,787,160) 228,872 -112.8%
Proceeds from Long Term Oblig. - 221,996,682 NA
Total Revenues $ 103,556,595 $ 356,751,213 244.5%
Transfers In 864,438 688,849 -20.3%
Total Inflows $ 104,421,033 $ 357,440,063 242.3%
Other Taxes. At the end of Quarter 3, a total of
$7.3 million has been received in the Other Taxes
category. Items in this category include Franchise
Fees, Transient Occupancy Taxes (TOT), and Business
Licenses Taxes. Through the end of Quarter 3, revenues are up by +15.2%, or +$1.0 million, as compared to FY 2021. When comparing to Quarter 3 of the prior year, Franchise Fees and TOT revenues are
higher and Business License Taxes are lower.
May 4, 2022 Quarter 3, Fiscal Year 2022
City of Corona, CA
Quarterly Budget Update - Quarter 3, FY 2022
General Fund Expenditures
The FY 2022 budget was adopted budget with
$161.7 million in General Fund expenditures. With
continuing appropriations of $11.4 million, encumbrances (committed purchase orders) of $2.3 million, and transfers out of $0.4 million, the beginning outflow budget was $175.8 million. Through Council Actions and other authorized adjustments, the cumulative budget is $445.5 million (includes an accounting adjustment of $222.0 million for the pension obligation bonds issuance on the May 4, 2022 agenda). Adjusting for the pension obligation bonds, the net outflows is $223.6 million, an increase of +$47.7 million from
the beginning budget.
Of the $47.7 million increase in outflows, $30.0 million is a transfer to the pension stabilization trust, $5.1 million for property acquisition, $4.6 million is for the pension obligation bonds debt service, $3.0 million for MOU related changes, and $1.1 million for an urban
search and rescue vehicle.
Through Quarter 3, the City has spent $362.5 million,
or 81.4% of the cumulative budget. At this point in
the fiscal year, expenditures should be approximately
75% of budget. When comparing to the same quarter in FY 2021, outflows are up by +202.2%, or +$242.5 million, largely related to the unfunded pension liability payments, issuance of pension obligation bonds, and pension obligation bonds debt service.
The largest expenditure category for the General
Fund is Personnel Services.
General Fund Inflows - Revenues + Transfers In
FY 2022, Projected Revenues to Q3 Actuals
General Fund Outflows
Expenditures + Transfers Out
Quarter 3, FY 2021 to FY 2022
General Fund Through Q3 Through Q3 %
Expenditures By Category FY 2021 FY 2022 Change
Contractual 6,913,971 7,999,395 15.7%
Materials and Supplies 26,538,481 26,665,102 0.5%
Other Sources 333,201 526,625 58.1%
Personnel Services (Other) 64,076,400 68,863,446 7.5%
PERS Unfunded Liability (UAL) 15,455,261 225,102,457 1356.5% PERS Addl UAL Payment 4,000,000 - -100.0%
Utilities 2,574,003 3,026,017 17.6%
Total Expenditures $ 119,891,317 $ 332,183,043 177.1%
Transfers Out 54,021 30,269,916 N/A
Total Outflows $ 119,945,338 $ 362,452,959 202.2%
Rev. Apr. 2022
General Fund Projected Through Q3 %
Revenue Category FY 2022 FY 2022 Received
Sales Tax $ 48,688,910 $ 29,040,162 59.6%
Measure X 38,895,000 22,909,219 58.9%
Property Tax 53,415,400 46,522,118 87.1%
Other Revenue 11,496,694 9,680,407 84.2%
Current Services 11,143,297 9,655,909 86.7%
Other Taxes 11,613,000 7,300,907 62.9%
Payments in Lieu of Services 6,086,383 4,530,002 74.4%
Intergovernmental Revenues 3,329,943 2,109,703 63.4%
Licenses, Fees & Permits 1,987,500 1,783,749 89.7%
Fines, Penalties & Forfeitures 766,762 701,193 91.4%
Special Assessments 570,746 292,290 51.2%
Investment Earnings 2,485,306 228,872 9.2%
Proceeds from Long Term Oblig. 221,996,682 221,996,682 100.0% Total Revenues $ 412,475,623 $ 356,751,213 86.5%
Transfers In 1,281,600 688,849 53.7%
Total Inflows $ 413,757,223 $ 357,440,063 86.4%
May 4, 2022 Quarter 3, Fiscal Year 2022
City of Corona, CA
Quarterly Budget Update - Quarter 3, FY 2022
Personnel Services. In the PERS unfunded liability
line items, there is a net increase of $205.6 million
when compared to the prior year. This is due to the
following factors:
· In FY 2021, the City made an additional contribution of $4.0 million towards the unfunded liability. · In FY 2021, the City made the full annual unfunded liability contribution in July 2020. This action provided the City with cash savings of approximately 3%. The City did not exercise the prepayment option in FY 2022 as the City was preparing to issue pension obligation bonds. · The pension obligation bonds were issued in October 2021. For the accounting of the bond issuance, the full amount has to be recorded as an expense, which is offset by the revenue received
for bond proceeds (governmental fund, modified
accrual basis). This is a one-time item when bonds
are issued. For the remainder of FY 2022 and
the life of the bonds, the debt service payments
will move from the personnel category to materials and supplies.
The Personnel Services (Other) is an increase of
+$4.8 million, or 7.5%, as compared to the same
quarter last fiscal year. The changes are based on
updated MOU contracts approved for the various
groups. The Corona Firefighters Association agreement was approved on December 15, 2021, the Corona Supervisors Association was approved on March 16, 2022, and all the remaining groups (Executive,
Management/Confidential, Corona Public Service
Employees Association, Corona Police Employees Association, and Corona Police Supervisors Association) were approved on March 2, 2022. The approved
agreements are good through December 2024.
Materials and Supplies. The Materials and Supplies
category is up by +0.5%, or $0.1 million when compared to Quarter 3 of FY 2021. There are multiple increases and decreases in this category. The primary drivers are one-time expenditures in the prior year for licensed vehicle and land acquisition transactions.
General Fund Expenditures by Department.
Through March 31, 2022, approximately 75% of the
General Fund Outflows
Expenditures + Transfers Out
Budget to Actuals, Quarter 3, FY 2022
fiscal year is complete. Departments with a variance
of greater than 10% are explained below.
· Capital Improvement Projects. This budget does
not follow the normal trends as these are multiyear projects. Any unspent encumbrances (purchase orders) or remaining balance carries
forward to the next fiscal year to continue the
project activities.
· City Manager’s Office. The savings is a combination of vacancies and the homeless operations.
After the 3rd quarter ended (April 20, 2022), the
City Council approved a one-time transfer of
$600,000 from the homeless operations budget
to Harrison Shelter Improvements Project Phase II.
· Debt Service. Debt service is skewed this year
due to the issuance of the pension obligation
bonds and accounting for that item. There is an
increase of $222.0 million related to the issuance
costs, offset with revenues from the bond proceeds. The first debt service payment will be in May 2022.
· Community Services, Economic Development,
Finance, Human Resources, Maintenance Services, Planning & Development, and Public Works. These three departments currently have
savings due to personnel vacancies and contractual services.
General Fund Cumulative Budget Through Q3 %
Expenditures By Department FY 2022 FY 2022 Spent
Capital Improvement Projects $ 27,307,329 $ 7,047,333 25.8% City Manager's Office 5,937,450 2,531,738 42.6%
Community Services 12,633,360 7,989,020 63.2%
Debt Service 242,207,922 225,870,640 93.3%
Economic Development 1,508,653 917,717 60.8%
Elected Officials 146,308 100,358 68.6%
Finance 4,332,459 2,552,657 58.9%
Fire 30,418,876 22,229,382 73.1%
General Government 23,687,795 16,587,319 70.0%
Human Resources 2,411,659 1,298,083 53.8%
Legal & Risk Management 1,621,758 1,185,555 73.1%
Maintenance Services 5,637,606 3,564,135 63.2%
Planning & Development 5,572,773 3,258,419 58.5%
Police 47,695,080 35,002,636 73.4%
Public Works 3,986,319 2,048,053 51.4%
Total Expenditures $ 415,105,346 $ 332,183,043 80.0%
Transfers Out 30,441,557 30,269,916 99.4%
Total Outflows $ 445,546,903 $ 362,452,959 81.4%
May 4, 2022 Quarter 3, Fiscal Year 2022
City of Corona, CA
Quarterly Budget Update - Quarter 3, FY 2022
Enterprise Funds-Utilities
Inflows - Revenues + Transfers In
Quarter 3, FY 2021 to FY 2022
Enterprise Funds-Utilities Revenues
Through Quarter 3 of FY 2022, total inflows are
+4.5% higher, or +$3.5 million, as compared to the
same quarter in Fiscal Year 2021. A total of 62.9%
of projected inflows for FY 2022 have been received
through the end of March.
Electric. Comparing Quarter 3 of FY 2022 revenues
to FY 2021, there is a net increase of +$0.6 million,
or +4.8%. The increase is in Utility Service Charges,
Investment Earnings, and Intergovernmental Revenues.
There is also a decrease in Other Revenue due to one
-time items received in the prior fiscal year. Of the
increase in the Investment Earnings category, $0.4
million is due to how the City must report the unrealized gains/losses from investments. These are book entries and not actual cash. If the book entries are
excluded, the Quarter 3 revenues for the Electric Utility are a net increase of +1.2%.
Water. Through the third quarter of FY 2022, there is
an increase of +4.7%, or +$2.0 million, as compared
to FY 2021 revenues. There is an increase in Intergovernmental Revenues, Utility Service Charges, and Investment Earnings. There is also a decrease in Other Revenue due to one-time items received in the prior fiscal year. Of the increase in the Investment Earnings category, $0.6 million is due to how the City must report the unrealized gains/losses from investments. These are book entries and not actual cash. If the book entries are excluded, the Quarter 3 revenues for the Water Utility are a net increase of +3.1%.
Enterprise Funds-Utilities
The City operates three utility services through the
Utilities Department (UD): electric, water, and water
reclamation (sewer). Through the collection of fees
and charges, these funds should collect revenues sufficient to finance the costs associated with administration, operations, capital improvement projects (CIP), and debt service.
Enterprise Funds-Utilities Revenues
Revenues Compared, Quarter 3
FY 2020 - FY 2021 - FY 2022
General Fund Reserves
The General Fund has multiple reserves in fund balance for various purposes. For the full list, please reference the City’s financial statements (Note 14
for Fiscal Year Ending June 30, 2021, page 112).
This quarterly update will highlight two of those reserves. Noted below are the audited FY 2021 amounts, which total $80.1 million. This represents
an increase of $3.2 million over the FY 2020 reserves. Adjustments made during FY 2022 have been noted below with the revised totals.
Emergency Budget Total of Noted
FY 2022 Adjustments Contingency Balancing Reserves
$ 36,522,368 $ 43,614,486 $ 80,136,855
Pension Stabilization Trust (30,000,000) (30,000,000)
Property Acquisition (5,103,760) (5,103,760)
POB Debt Service (4,588,677) (4,588,677)
Adjusted Totals $ 36,522,368 $ 3,922,049 $ 40,444,418
$-
$10
$20
$30
$40
$50
Electric Water Water
Reclamation
FY 2020
FY 2021
FY 2022
Millions
Enterprise Funds Through Q3 Through Q3 %
Fund Type FY 2021 FY 2022 Change
Electric $ 11,756,965 $ 12,325,604 4.8%
Water 43,467,385 45,505,347 4.7%
Water Reclamation 21,831,271 22,765,105 4.3%
Total Revenues $ 77,055,621 $ 80,596,055 4.6%
Transfers In - Electric 79 - N/A
Transfers In - Water 51,708 - N/A
Transfers In - Wtr Rclm 1,116 - N/A
Total Inflows $ 77,108,524 $ 80,596,055 4.5%
May 4, 2022 Quarter 3, Fiscal Year 2022
City of Corona, CA
Quarterly Budget Update - Quarter 3, FY 2022
Water Reclamation. Through Quarter 3, there is a
net increase of +4.3%, or +$0.9 million, when compared to FY 2021. There are increases in Investment Earnings, Utility Service Charges, Other Sources
(insurance proceeds), and Intergovernmental Revenues. There is a decrease of -$0.4 million in the licenses, fees, and permits category due to one-time capacity fee revenues received in FY 2021.
Of the increase in the Investment Earnings category,
$1.1 million is due to how the City must report the unrealized gains/losses from investments. These are book entries and not actual cash. If the book entries
are excluded, the Quarter 3 revenues for the Water
Reclamation Utility are a net decrease of –0.9%.
Enterprise Funds-Utilities Outflows
When comparing the total of utility outflows, Quarter
3 of FY 2022 to FY 2021, outflows are higher by
$40.2 million, or 55.1%. The Personnel Services category is the largest increase, totaling $36.7 million.
Of the increase, $36.1 million is related to the issuance of pension obligation bonds. In addition, there are increases in the Materials and Supplies category,
primarily $2.5 million for the retrofit program and
$1.1 million for purchases of machinery and equipment. In addition, there is a decrease of $1.5 million in raw and treated water purchases.
Enterprise Funds-Utilities
Outflows - Expenditures + Transfers Out
Quarter 3, FY 2021 to FY 2022
Enterprise Funds-Utilities
Inflows - Revenues + Transfers In
FY 2022, Projected Revenues to Q3 Actuals
Rev. Apr. 2022
Enterprise Funds Projected Through Q3 %
Fund Type FY 2022 FY 2022 Received
Electric $ 17,108,860 $ 12,325,604 72.0%
Water 70,791,931 45,505,347 64.3%
Water Reclamation 35,583,216 22,765,105 64.0%
Total Revenues $ 123,484,007 $ 80,596,055 65.3%
Transfers In - Electric - - N/A
Transfers In - Water 4,701,340 - 0.0%
Transfers In - Wtr Rclm - - N/A
Total Inflows $ 128,185,347 $ 80,596,055 62.9%
Personnel Services - all utilities. In the PERS unfunded liability line items, there is a significant increase when compared to the prior year. This is due to the
following factors:
· In FY 2021, the City made the full annual unfunded liability contribution in July 2020. This action provided the City with cash savings of approximately 3%. The City did not exercise the prepayment option in FY 2022 as the City was preparing to issue pension obligation bonds. · The pension obligation bonds were issued in October 2021. In the enterprise funds, the issuance of the bonds have to be recognized in the current
fiscal year as an expense, with the offsetting entries long term receivables (proprietary fund, full accrual accounting). For the remainder of FY
2022 and the life of the bonds, the debt service
payments will move from the personnel category
to materials and supplies.
Enterprise Funds Through Q3 Through Q3 %
Expenditures By Category FY 2021 FY 2022 Change
Electric
Contractual $ 517,518 $ 446,659 -13.7%
Materials and Supplies 1,551,660 1,925,428 24.1%
Personnel Services (Other) 975,826 1,145,476 17.4%
PERS Unfunded Liability (UAL) 388,648 4,956,850 1175.4% Utilities 5,563,854 6,538,837 17.5%
Electric Total 8,997,506 15,013,250 66.9%
Water
Contractual $ 8,904,198 $ 7,178,360 -19.4%
Materials and Supplies 24,575,271 25,238,263 2.7%
Personnel Services (Other) 5,410,268 5,675,612 4.9%
PERS Unfunded Liability (UAL) 1,930,211 22,147,229 1047.4% Utilities 4,122,075 4,212,484 2.2%
Water Total 44,942,023 64,451,948 43.4%
Water Reclamation
Contractual $ 3,184,178 $ 4,235,546 33.0%
Materials and Supplies 9,277,440 11,832,104 27.5%
Personnel Services (Other) 3,372,288 3,533,484 4.8%
PERS Unfunded Liability (UAL) 1,110,525 12,433,171 1019.6% Utilities 1,636,796 1,672,403 2.2%
Water Reclamation Total 18,581,227 33,706,707 81.4%
Transfers Out - Electric (31,072) - N/A
Transfers Out - Water - - N/A
Transfers Out - Water Reclamation 495,816 - N/A
Grand Total $ 72,985,500 $ 113,171,904 55.1%
May 4, 2022 Quarter 3, Fiscal Year 2022
City of Corona, CA
Quarterly Budget Update - Quarter 3, FY 2022
Enterprise Funds-Utilities
Outflows - Expenditures + Transfers Out
Budget to Actuals, Quarter 3, FY 2022
Water. The Water utility expenditures are up by
+43.4%, or $19.5 million. Excluding the change for
the pension obligation bonds, the net change is a decrease of –1.6% or -$0.7 million, when compared to the same quarter in FY 2021. There is a decrease of
-$1.5 million in raw and treated water purchases.
Through Quarter 3, the capital improvement project
costs are 20.6% of the current expenditure budget.
The combined operating budget transactions total
70.6% of the current FY 2022 budget.
Water Reclamation. The Water Reclamation utility
expenditures are up by +$15.1 million, or +81.4%.
Excluding the change for the pension obligation
bonds, the Water Reclamation utility expenditures are
up by +21.8%, or +$3.8 million, when compared to
Quarter 3 of FY 2021. There is an increase of $2.6
million in materials and supplies (retrofit program and machinery/equipment purchase) and +$1.1 million in
capital contractual expenditures. At the end of Quarter 3, the capital improvement project expenditures total 14.6% of the cumulative budget. The combined
operating budget expenditures total 69.7% of the
current FY 2022 budget.
What do you think? We value your opinion.
Is there anything additional you’d like to see in future reports? This will be an evolving process to capture
the areas that are of most interest to the City Council and the community. Please let us know. We appreciate the feedback! Please share your ideas at Budg[email protected], [email protected], or contact Budget staff at (951) 279-3500.
The Personnel Services (Other) is an increase of $0.6
million (combined) as compared to the same quarter
last fiscal year. The changes are based on updated
MOU contracts approved for the various groups. The
Corona Supervisors Association was approved on
March 16, 2022, and all the remaining groups
(Executive, Management/Confidential, and Corona
Public Service Employees Association) were approved
on March 2, 2022. The approved agreements are
good through December 2024.
Electric. The Electric utility expenditures through
Quarter 3 are up by +66.9% or +$6.0 million. Excluding the pension obligation bond items, the net increase is +17.0%, or +$1.4 million, when compared to last fiscal year, largely due to increases in wholesale energy costs. At Quarter 3, the capital improvement project expenditures equate to 32.6% of the cumulative budget. The combined operating budget
expenditures total 70.3% of the current FY 2022
budget.
Enterprise Funds Cumulative Budget Through Q3 %
Expenditures By Department FY 2022 FY 2022 Spent
Electric
Capital Improvement Projects $ 1,783,216 $ 581,853 32.6% Debt Service 5,232,993 4,886,249 93.4%
Finance 518 518 100.0%
Public Works 166,831 99,124 59.4%
Utilities Department 15,133,454 9,445,505 62.4%
Electric Total 22,317,012 15,013,250 67.3%
Water
Capital Improvement Projects $ 43,865,297 $ 9,026,666 20.6% Debt Service 23,380,866 21,831,653 93.4%
Finance 1,553 1,553 100.0%
Public Works 809,497 425,430 52.6%
Utilities Department 54,310,037 33,166,645 61.1%
Water Total 122,367,250 64,451,948 52.7%
Water Reclamation
Capital Improvement Projects $ 33,505,201 $ 4,904,541 14.6% City Manager's Office 2,981 1,462 49.0%
Debt Service 13,125,724 12,256,015 93.4%
Finance 3,107 3,107 100.0%
Public Works 561,939 288,000 51.3%
Utilities Department 27,651,911 16,253,583 58.8%
Water Reclamation Total 74,850,864 33,706,707 45.0%
Transfers Out - Electric - - N/A
Transfers Out - Water - - N/A
Transfers Out - Water Reclamation 4,701,340 - N/A
Grand Total $ 224,236,467 $ 113,171,904 50.5%