City of Corona, CA
Quarterly Budget Update - Quarter 4, FY 2022
Overview
City management is pleased to present this quarterly
update summarizing the City’s overall budget activity
through Quarter 4 (June 30, 2022) for Fiscal Year
(FY) 2022. The City’s fiscal year is July 1 through
June 30. The FY 2022 year-end closing and audit is
in progress and the figures presented here may
change through that process. For audited information, or to find greater detail, please refer to the City’s Annual Comprehensive Financial Report (ACFR),
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, updated revenue projections from Mid-Year and other activity, continuing appropriations, and prior year encumbrances.
General Fund
General Fund Financial Condition. The City’s General Fund is its primary source of discretionary resources that funds many of the services provided to the citizens of the City of Corona. For reporting purposes, the General Fund is actually a combination of the General Fund, Measure X Fund, Historic Civic
Center Fund, and the Pension Stabilization Trust Fund.
The General Fund inflows (revenue and transfers in)
for FY 2022 are currently estimated at $413.0 million. The City has received or recorded 97.1% of the estimated General Fund inflows, through the end of
Quarter 4 (at the time this information was prepared). Overall, inflows are up by 167.5% when compared to the same quarter of FY 2021. This increase is largely due to the proceeds from long term obligations (primarily pension obligation bonds). Accruals and other year-end entries, through the annual fiscal audit process, will revise the final figures for FY 2022.
As of Quarter 4 of FY 2022, the General Fund has
expended 90.4% of its cumulative budget. The current savings is primarily due to capital improvement projects which will take multiple years to complete. In August 3, 2022 Quarter 4, Fiscal Year 2022
General Fund Revenues
Top 5 Revenues Compared, Quarter 4
addition, personnel vacancies contribute to the current savings.
As the COVID-19 pandemic continues to be an ongoing item and area of concern, staff will closely monitor and recommend revised revenue estimates and expenditure adjustments throughout the fiscal year,
as necessary.
General Fund Inflows
Top Five Revenues. The City’s top five General
Fund revenue categories account for approximately
91.9% of the total estimated General Fund inflows
for FY 2022. Focusing on these sources can provide
a useful understanding of the City’s income position.
Details of the categories will be described on the following pages.
The bar graph above illustrates the performance of
the top five revenues as compared to the same quarter of the prior two fiscal years.
Sales Tax. The Sales Tax category includes the
City’s portion of sales tax, Measure X, Prop. 172
sales tax, and the allowance for sales tax agreements. As of Quarter 4, the total received is $74.6 million. At the time this information was prepared, the revenues are up by 66.7% as compared to the prior
year. If you are interested in additional details for
Sales Tax, please watch the video of the July 13,
2022 Committee of the Whole. A quarterly presentation was provided by the City’s sales tax consultant, HdL Companies.
Property Tax. At the end of Quarter 4, property tax
is the second largest General Fund revenue category.
The total in the property tax category at the end of
Quarter 4 is $56.8 million, which is an increase of
+8.1%, or $4.3 million, over last fiscal year. The increases are in secured property tax, secured/ unsecured prior year taxes, and property transfer
tax. 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). Year-end adjustments ‘true-up’ the amounts to the actual cash
received. Once the year-end reports are received
from the County of Riverside, property tax revenues
will be finalized as part of the year-end process.
Current Services. At the end of Quarter 4, a total of
$12.8 million has been received in the Current SerAugust 3, 2022 Quarter 4, Fiscal Year 2022 City of Corona, CA
Quarterly Budget Update - Quarter 4, FY 2022
vices 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 11.3%, or $1.3 million as compared to Quarter 4 of FY 2021.
When comparing to the prior fiscal year, there is a
decrease of $0.7 million for the cannabis program.
This is due to refunds for cannabis permits as the review/approval process moves forward. There is an increase of $1.0 million for recreation revenues,
largely due to the after school program and contract
classes. Increased activity is also included for engineering and inspection revenues of $0.3 million, passport revenues of $0.3 million, and plan check revenues of $0.2 million Other Revenues. The Other Revenues category is the
fifth largest category at the end of the Quarter 4.
Activity in this revenue group includes Rental/Lease
Income, Development Agreements, Telecommunication
Site Rentals, and Billboard Revenues. At the end of
Quarter 4, the total received is $10.4 million. Overall, the Other Revenues category is down by -17.2%, or $2.2 million, as compared to the same quarter in
FY 2021. The decreases are from miscellaneous rental/lease income, development agreements, and miscellaneous income/refunds.
Other Taxes. At the end of Quarter 4, a total of
$11.7 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 4, revenues are up 4.2% as compared to FY 2021.
At the time this information was prepared, TOT receipts are more than FY 2021 activity by $0.5 million.
Franchise fees are currently up by $0.3 million. Business License Taxes are currently down by -$0.3 million.
General Fund Inflows - Revenues + Transfers In
Quarter 4, FY 2021 to FY 2022
General Fund Through Q4 Through Q4 %
Revenue Category FY 2021 FY 2022 Change
Sales Tax $ 44,752,843 $ 44,737,325 0.0%
Measure X - 29,874,957 NA
Property Tax 52,583,004 56,836,148 8.1%
Other Revenue 12,604,126 10,442,256 -17.2%
Current Services 11,461,452 12,754,069 11.3%
Other Taxes 11,213,308 11,684,989 4.2%
Payments in Lieu of Services 5,630,255 4,530,002 -19.5% Intergovernmental Revenues 5,578,330 2,688,039 -51.8%
Licenses, Fees & Permits 2,666,520 2,521,457 -5.4%
Fines, Penalties & Forfeitures 790,144 1,033,090 30.7%
Special Assessments 465,761 560,737 20.4%
Investment Earnings 959,706 510,190 -46.8%
Proceeds from Long Term Oblig. - 221,996,682 NA
Total Revenues $ 148,705,450 $ 400,169,942 169.1%
Transfers In 1,159,890 688,849 -40.6%
Total Inflows $ 149,865,340 $ 400,858,791 167.5%
Investment Earnings. This category is not one of the
five largest as of Quarter 4, FY 2022. However,
there is a significant difference when compared to
the prior year that needs to be explained.
Interest on Investments and Other Interest Income are
down by -$449,516 when compared to Quarter 4 of
FY 2021. The biggest driving factor in this category’s decrease is because of how the City must report the unrealized gains/losses from investments. These
are book entries and not actual cash.
Intergovernmental Revenues. Another category
that is not in the top five, but has a large variance,
-$2.9 million, is Intergovernmental Revenues. In FY
2022, there is a decrease of $2.0 million from onetime CARES Act funding that the City received in FY 2021 as a sub-recipient of the State of California’s
allocation. When compared to FY 2021, there is also
a decrease of -$0.5 million in Fire Mutual Aid Reimbursement for fire response activity that is reimbursed by the State. Additionally, there is a decrease of
-$0.2 million for the abandoned vehicle abatement
activity. The abandoned vehicle abatement program
has been moved to a separate fund in FY 2022.
August 3, 2022 Quarter 4, Fiscal Year 2022
City of Corona, CA
Quarterly Budget Update - Quarter 4, FY 2022
General Fund Inflows - Revenues + Transfers In
Revised Mid-Year Est. to Actuals
Quarter 4, FY 2022
General Fund Expenditures
Through Quarter 4, the City has spent $378.0 million,
or 90.4% of the budget. However, year-end entries,
including accruals, are still in process and will change the final figures. At this point in the fiscal year, expenditures should be approximately 100% of budget.
The largest expenditure category for the General
Fund is Personnel Services.
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 $4.5
General Fund Outflows
Expenditures + Transfers Out
Quarter 4, FY 2021 to FY 2022
General Fund Through Q4 Through Q4 %
Expenditures By Category FY 2021 FY 2022 Change
Contractual 11,354,844 11,312,869 -0.4%
Materials and Supplies 33,740,444 46,274,893 37.1%
Other Sources 333,201 526,625 58.1%
Personnel Services (Other) 85,844,190 90,316,943 5.2%
PERS Unfunded Liability (UAL) 15,455,261 225,102,457 1356.5% PERS Addl UAL Payment 4,000,000 - -100.0%
Utilities 3,396,323 4,002,329 17.8%
Total Expenditures $ 154,124,263 $ 377,536,117 145.0%
Transfers Out 54,021 441,557 717.4%
Total Outflows $ 154,178,284 $ 377,977,674 145.2%
Rev. June 2022
General Fund Projected Through Q4 %
Revenue Category FY 2022 FY 2022 Received
Sales Tax $ 48,688,911 $ 44,737,325 91.9%
Measure X 37,327,812 29,874,957 80.0%
Property Tax 53,681,000 56,836,148 105.9%
Other Revenue 11,548,733 10,442,256 90.4%
Current Services 11,399,773 12,754,069 111.9%
Other Taxes 11,613,000 11,684,989 100.6%
Payments in Lieu of Services 6,086,383 4,530,002 74.4%
Intergovernmental Revenues 3,329,943 2,688,039 80.7%
Licenses, Fees & Permits 2,087,500 2,521,457 120.8%
Fines, Penalties & Forfeitures 839,472 1,033,090 123.1% Special Assessments 570,746 560,737 98.2%
Investment Earnings 2,485,306 510,190 20.5%
Proceeds from Long Term Oblig. 222,013,459 221,996,682 100.0% Total Revenues $ 411,672,038 $ 400,169,942 97.2%
Transfers In 1,281,600 688,849 53.7%
Total Inflows $ 412,953,638 $ 400,858,791 97.1%
August 3, 2022 Quarter 4, Fiscal Year 2022
City of Corona, CA
Quarterly Budget Update - Quarter 4, FY 2022
General Fund Expenditures by Department.
Through June 30, 2022, approximately 100% of the
fiscal year is complete (approximately, as not all
year-end entries are complete). Departments with a
variance of greater than 10% are explained in the
following section. As mentioned in previous sections,
through year-end entries and accruals, the amounts
and comments below will change.
· 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 City Manager’s Office currently has savings related to vacancies.
There is also savings in contractual services primarily related to the Homeless Program. Those operating savings from the Homeless Program
are on the August 3rd agenda for City Council
approval to carry forward into FY 2023.
· Community Services. In the Community Services
Department, the primary savings is in the personnel budget due to vacancies and program cancellations throughout the year, directly related to the COVID-19 pandemic. In the park maintenance
division, there is a current savings due to mowing/
landscape contract payments. This is a timing issue with lagging invoices which will be resolved by fiscal year-end.
· Economic Development. There is currently a
savings in personnel due to vacancies, subscription
costs, and computer equipment/software.
· Elected Officials. The savings in this group is
from conference, training, and travel, contractual
services, and promotional/public outreach costs.
· Finance. The primary savings in Finance is related to vacant positions. In addition, there is a savings in contractual services. · General Government. The current savings is due
to insurance premiums and cost allocation charges
which are completed through the year-end process.
· Human Resources. The Human Resources Department has approximately $0.4 million in perGeneral Fund Outflows Expenditures + Transfers Out
Budget to Actuals, Quarter 4, FY 2022
million, or 5.2%, 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 +$12.5 million when compared to
Quarter 4 of FY 2021. This is largely due to debt
service on the pension obligation bonds of $13.8 million and associated interest payments of $2.2 million.
There is a decrease of $4.0 million for one-time vehicle purchases made in FY 2021.
General Fund Cumulative Budget Through Q4 %
Expenditures By Department FY 2022 FY 2022 Spent
Capital Improvement Projects $ 29,626,565 $ 7,807,602 26.4% City Manager's Office 5,391,024 3,509,122 65.1%
Community Services 6,449,006 4,890,265 75.8%
Debt Service 242,207,922 242,207,646 100.0%
Economic Development 1,507,061 1,276,948 84.7%
Elected Officials 146,308 125,779 86.0%
Finance 10,909,158 9,643,526 88.4%
Fire 30,551,285 28,502,846 93.3%
General Government 23,930,962 19,050,743 79.6%
Human Resources 2,417,745 1,805,033 74.7%
Legal & Risk Management 1,697,972 1,565,333 92.2%
Maintenance Services 5,507,028 4,498,001 81.7%
Planning & Development 5,755,308 4,874,455 84.7%
Police 47,486,242 44,839,170 94.4%
Public Works 3,962,864 2,939,650 74.2%
Total Expenditures $ 417,546,451 $ 377,536,117 90.4%
Transfers Out 441,557 441,557 100.0%
Total Outflows $ 417,988,008 $ 377,977,674 90.4%
August 3, 2022 Quarter 4, Fiscal Year 2022
City of Corona, CA
Quarterly Budget Update - Quarter 4, FY 2022
Enterprise Funds-Utilities
The City operates three utility services through the
Utilities Department): 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
Inflows - Revenues + Transfers In
Quarter 4, FY 2021 to FY 2022
Enterprise Funds-Utilities Revenues
As mentioned in previous sections, there are pending
accruals and other entries that will be made through
the year-end process that will change the figures presented in this report.
Electric. Through Quarter 4, 93.8% of Year-End projected revenues have been received. Comparing Quarter 4 FY 2022 revenues to FY 2021 revenues,
there is a decrease of –3.3%, or -$0.5 million.
There is currently a decrease of –$0.6 million in Utility Service Charges. There is also a decrease of -$0.2
million in the Investment Earnings category because of
how the City must report the unrealized gains/losses
from investments. These are book entries and not actual cash. There is also an increase of $0.2 million in the intergovernmental revenues category.
sonnel savings, related to vacancies. There is also
approximately $0.2 million savings in the operating budget in the contractual and materials/ supplies category.
· Maintenance Services. The Maintenance Services
Department currently has savings of approximately $0.2 million related to vacancies, $0.4 million due to contractual service items, and $0.4 million
due to materials and supplies.
· Planning & Development. The savings in the
Planning & Development department is from vacant positions. · Public Works. The Public Works Department currently has a savings of approximately $1.0 million. Of that amount, $0.5 million is related to personnel vacancies. The remaining $0.5 million is
in the contractual and materials/supplies categories.
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 three 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.
$-
$10
$20
$30
$40
$50
$60
$70
$80
Electric Water Water
Reclamation
FY 2020
FY 2021
FY 2022
Millions
Enterprise Funds-Utilities Revenues
Revenues Compared, Quarter 4
FY 2020 - FY 2021 - FY 2022
Emergency Budget Pension Total of Noted
FY 2022 Adjustments Contingency Balancing Stabilization Reserves June 30, 2021 $ 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 $ 30,000,000 $ 70,444,418 Enterprise Funds Through Q4 Through Q4 %
Fund Type FY 2021 FY 2022 Change
Electric $ 16,601,389 $ 16,055,981 -3.3%
Water 69,052,355 62,522,539 -9.5%
Water Reclamation 36,830,491 32,218,388 -12.5%
Total Revenues $ 122,484,235 $ 110,796,908 -9.5%
Transfers In - Electric 79 - N/A
Transfers In - Water 51,708 - N/A
Transfers In - Wtr Rclm 1,116 - N/A
Total Inflows $ 122,537,138 $ 110,796,908 -9.6%
Water. Through the fourth quarter of FY 2022,
88.3% of Year-End estimated revenues have been
received. Comparing Quarter 4 revenues to FY
2021, FY 2022 revenues are lower by –9.5%, or
-$6.5 million. There is a decrease of -$2.4 million in
the Water Capacity Fund which is for development
related activities.
There is also a net decrease of -$5.0 million in the
Water Utility Fund. Within that amount, there is currently a decrease of -$2.4 million in utility service charges. Investment earnings are currently down by
-$0.3 million, largely due to book entries for gains/
losses on investments. In addition, there is a decrease of -$2.4 million in fees & permits. There is an increase of $1.4 million in water utility grants.
Water Reclamation. Through Quarter 4, 90.5% of
Year-End projected revenues have been received.
As compared to Quarter 4 of FY 2021, this is a decrease of –12.5%, or $4.6 million. There is a decrease of -$1.0 million in the Water Reclamation Capacity Fund which is for development related activities. In the Water Reclamation Utility Fund there is a decrease of -$0.9 million for Investment Earnings
(book entries for unrealized gains/losses). There is
an additional decrease of -$1.8 million for utility service charges. The fees and permits category is also declining by -$1.8 million. There is an increase of
$0.9 million in water reclamation grant revenues.
August 3, 2022 Quarter 4, Fiscal Year 2022
City of Corona, CA
Quarterly Budget Update - Quarter 4, FY 2022
Enterprise Funds-Utilities Outflows
When comparing the total of utility outflows, Quarter
4 of FY 2022 to FY 2021, outflows are up by 33.5%
or $35.5 million.
Enterprise Funds-Utilities
Inflows - Revenues + Transfers In
Rev. Mid-Year Est. to Actuals, Quarter 4, FY 2022
Enterprise Funds-Utilities
Outflows - Expenditures + Transfers Out
Quarter 4, FY 2021 to FY 2022
Enterprise Funds Through Q4 Through Q4 %
Expenditures By Category FY 2021 FY 2022 Change
Electric
Contractual $ 307,400 $ 641,680 108.7%
Depreciation 444,060 TBD TBD
Materials and Supplies 2,676,114 2,293,418 -14.3%
Personnel Services (Other) 1,790,413 1,540,577 -14.0%
PERS Unfunded Liability (UAL) 388,648 4,956,850 1175.4% Utilities 9,031,636 8,776,871 -2.8%
Electric Total 14,638,272 18,209,396 24.4%
Water
Contractual $ 3,722,155 $ 10,297,782 176.7%
Depreciation 8,631,872 TBD TBD
Materials and Supplies 36,281,207 34,246,372 -5.6%
Personnel Services (Other) 6,421,688 7,745,491 20.6%
PERS Unfunded Liability (UAL) 1,930,211 22,147,229 1047.4% Utilities 5,797,380 5,714,750 -1.4%
Water Total 62,784,514 80,151,624 27.7%
Water Reclamation
Contractual $ 1,294,989 $ 5,896,815 355.4%
Depreciation 5,214,530 TBD TBD
Materials and Supplies 14,153,691 17,732,264 25.3%
Personnel Services (Other) 3,969,209 4,834,802 21.8%
PERS Unfunded Liability (UAL) 1,110,525 12,433,171 1019.6% Utilities 2,242,071 2,172,945 -3.1%
Water Reclamation Total 27,985,015 43,069,996 53.9%
Transfers Out - Electric - - N/A
Transfers Out - Water - - N/A
Transfers Out - Water Rclm 495,816 - N/A
Grand Total $ 105,903,616 $141,431,016 33.5%
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.
Enterprise Funds Projected Through Q4 %
Fund Type FY 2022 FY 2022 Received
Electric $ 17,108,860 $ 16,055,981 93.8%
Water 70,791,931 62,522,539 88.3%
Water Reclamation 35,583,216 32,218,388 90.5%
Total Revenues $ 123,484,007 $ 110,796,908 89.7%
Transfers In - Electric - - N/A
Transfers In - Water - - N/A
Transfers In - Wtr Rclm - - N/A
Total Inflows $ 123,484,007 $ 110,796,908 89.7%
August 3, 2022 Quarter 4, Fiscal Year 2022
City of Corona, CA
Quarterly Budget Update - Quarter 4, FY 2022
Enterprise Funds-Utilities
Outflows Expenditures + Transfers Out
Budget to Actuals, Quarter 4, FY 2022
· 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.
The Personnel Services (Other) is an increase of $1.9
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. Overall, the Electric utility expenditures
through Quarter 4 are up by 24.4%, or $3.6 million,
when compared to the prior fiscal year. Excluding
the pension obligation bond items, there is a net decrease of -$1.0 million, or –7.0%. At Quarter 4, the capital improvement project expenditures equate to
35.5% of the cumulative budget. The operating expenditures total 85.7% of the cumulative FY 2022 operating budget.
Water. Overall, the Water utility expenditures are
up by 27.7% or $17.4 million, when compared to the
prior fiscal year. Excluding the pension obligation
bond items, there is a net decrease of -$2.8 million,
or –4.7%. At Quarter 4, the capital improvement
project expenditures equate to 28.6% of the cumulative budget. The operating expenditures total
87.2% of the cumulative FY 2022 budget.
Water Reclamation. The Water Reclamation utility
expenditures are up by +$15.1 million, or +53.9%,
when compared to the prior fiscal year. Excluding the
change for the pension obligation bonds, the Water
Reclamation utility expenditures are up by +14.0%,
or +$3.8 million. There is an increase of $3.6 million
What do you think? We value your opinion.
Is there anything additional you would 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. We appreciate the
feedback! Please share your ideas with the Budget
staff at (951) 279-3500, or by emailing:
[email protected] or
[email protected].
Enterprise Funds Cumulative Budget Through Q4 %
Expenditures By Department FY 2022 FY 2022 Spent
Electric
Capital Improvement Projects $ 1,783,216 $ 632,349 35.5% Debt Service 5,232,993 5,232,993 100.0%
Finance 518 518 100.0%
Public Works 172,513 117,256 68.0%
Utilities Department 15,107,719 12,226,279 80.9%
Electric Total 22,296,959 18,209,396 81.7%
Water
Capital Improvement Projects $ 40,945,699 $ 11,730,779 28.6% Debt Service 23,380,866 23,380,866 100.0%
Finance 1,553 1,553 100.0%
Public Works 803,874 548,638 68.2%
Utilities Department 54,240,070 44,489,788 82.0%
Water Total 119,372,062 80,151,624 67.1%
Water Reclamation
Capital Improvement Projects $ 34,532,439 $ 6,409,446 18.6% City Manager's Office 3,050 1,780 58.3%
Debt Service 13,125,724 13,125,724 100.0%
Finance 3,107 3,107 100.0%
Public Works 601,382 361,263 60.1%
Utilities Department 30,401,573 23,168,676 76.2%
Water Reclamation Total 78,667,275 43,069,996 54.7%
Transfers Out - Electric - - N/A
Transfers Out - Water - - N/A
Transfers Out - Water Rclm 4,701,340 - N/A
Grand Total $ 225,037,636 $141,431,016 62.8%
in materials and supplies (capital projects and pension obligation bonds) and +$4.6 million in capital contractual expenditures (capital projects). At the end of Quarter 4, the capital improvement project expenditures total 18.6% of the cumulative budget. The combined operating budget expenditures total 83.1% of the cumulative FY 2022 budget.