Quarterly
Budget Update
Quarter 2
FY 2025
February 5, 2025
Quarterly Budget Update | Quarter 2, FY 2025 | February 5, 2025 Overview
Budget Adjustments & Revenue Estimates
City Management is pleased to present this quarterly update summarizing the City’s overall budget activity through Quarter 2 (December 31, 2024) for Fiscal Year (FY) 2025. The City’s fiscal year is July 1
st through June 30th
. 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.
The revenue projections and budget expenditures presented in this update include budget adjustments approved by the City Council, continuing appropriations, and prior year encumbrances. This quarter also includes updated information for mid-year revenue projections.
General Fund Financial Condition
Quarterly Budget Update | Quarter 2, FY 2025 | February 5, 2025 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 made up 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 2025 are currently estimated at $234.5 million. Based on Mid-Year projections, the updated estimate is $233.5 million, a decrease of $1.0 million.
The revenue changes will be discussed later in the newsletter.
The City has received or recorded 47.0% of the estimated General Fund inflows, through the end of Quarter 2 (at the time this information was prepared). Overall, inflows are up by 4.4% when compared to the same quarter of FY 2024.
As of Quarter 2 of FY 2025, the General Fund has expended 35.7% of its cumulative budget. The current savings is primarily due to capital improvement projects which will take multiple years to complete. Comparing Quarter 2 of FY 2025 to FY 2024, expenditures are up by 27.2%, or $22.3 million.
Emergency Contingency
1 Equal to 3 months of operating
expenditures
Adjusted at the end of each fiscal year
2 3 4
$50,316,648
Been in place for
20-years
Since FY 2022, we no longer add new
money into this reserve at the end of
the fiscal year
Budget
Balancing
$3,922,049
Reserve for pension related
expenditures – debt service payments
for the Pension Obligation Bonds or
the City’s CalPERS unfunded
accrued liability (UAL) contributions.
Pension
Stabilization
Measure X
Reserves
$46,483,830 $34,013,073
Unspent Measure X funds that don’t
roll into next FY will go into the
reserve
Reserve amount discussed with
Council each year through the budget
cycle
General Fund Reserves
Quarterly Budget Update | Quarter 2, FY 2025 | February 5, 2025 The General Fund has multiple reserves in fund
balance for various purposes. For the full list,
please reference the City’s financial statements,
Note 15 (for Fiscal Year Ending June 30, 2024,
page 114). This quarterly update highlights four
of those reserves. FY 2024 audited amounts are
noted in the table.
General Fund Inflows
Quarterly Budget Update | Quarter 2, FY 2025 | February 5, 2025 Top Five Revenues
The City’s top five General Fund revenue categories account for approximately 90.2% of the total estimated General Fund inflows for FY 2025. Focusing on these sources can provide a useful understanding of the City’s income position.
The bar graph to the right illustrates the performance of the top five revenues as compared to the same quarter of the prior two fiscal years.
General Fund Revenues
Top 5 Revenues Compared
Quarter 2
$-
$5
$10
$15
$20
$25
$30
$35
$40
$45 Millions
FY 2023
FY 2024
FY 2025
At the end of Quarter 2, Property Tax is the largest General Fund revenue category. The total for property tax is $42.0 million, an increase of $1.7 million, or 4.2%, 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). Year-end adjustments “true-up” the amounts to the actual cash received.
Property Tax 01
At the end of Quarter 2, Sales Tax is the second 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 2, the total received is $32.9 million. At the time this information was prepared, the revenues are down by 0.4%, or $0.1 million as compared to the prior year.
Sales Tax 02
The Current Services category is the third largest category at the end of Quarter 2. Activity in this revenue group include plan check fees, engineering and inspection fees, recreation revenues, and the Emergency Medical Services Program. At the end of Quarter 2, the total received is $6.8 million. Overall, the Current Services category is down by 3.2%, or $0.2 million, as compared to the same quarter in FY 2024. When comparing to the prior fiscal year, the decrease is primarily due to a one-time reimbursed legal fee received in FY 2024.
Current Services 03
General Fund Inflows Top Five Revenues
Quarterly Budget Update | Quarter 2, FY 2025 | February 5, 2025 At the end of Quarter 2, a total of $5.6 million has been received in the Other Taxes category. Items in this revenue group include Franchise Fees, Transient Occupancy Taxes (TOT), Business License Taxes, and Cannabis Taxes. Other Taxes are up 4.6%, or $0.2 million as compared to Quarter 2 of FY 2024. When comparing to the prior fiscal year, there is an increase in Transient Occupancy Tax and Cannabis Tax. Simultaneously, there are decreases in Franchises and Business License Taxes. 04 The fifth largest General Fund revenue category at the end of Quarter 2 is Other Revenues. Activity in this revenue group includes Rental/Lease Income, Telecommunication Site Rentals, Sales of Surplus Property, and Billboard Revenues. At the end of Quarter 2, the total received is $4.7 million. Overall, the Other Revenues category is up by 4.9%, or $0.2 million as compared to the same quarter in FY 2024.
Other Revenue 05
General Fund Inflows Top Five Revenues
Quarterly Budget Update | Quarter 2, FY 2025 | February 5, 2025 Other Taxes
General Fund Mid-Year Inflow Estimates
Quarterly Budget Update | Quarter 2, FY 2025 | February 5, 2025 General Fund Inflows
Revenue + Transfers In
Mid-Year Estimates to Actuals FY 2025
General Fund Inflows
Revenue + Transfers In
Quarter 2, FY 2024 to FY 2025
General Fund Through Q2 Through Q2 $ %
Revenue Category FY 2024 FY 2025 Change Change
Sales Tax $ 18,948,256 $ 18,868,705 (79,551) -0.4%
Measure X 14,116,251 14,063,186 (53,065) -0.4%
Property Tax 40,325,530 42,036,911 1,711,381 4.2%
Other Revenue 4,482,917 4,703,144 220,227 4.9%
Current Services 6,985,379 6,761,277 (224,102) -3.2%
Other Taxes 5,348,913 5,594,430 245,517 4.6%
Payments in Lieu of Services 3,207,846 3,837,821 629,975 19.6% Intergovernmental Revenues 2,051,412 2,792,461 741,049 36.1% Licenses, Fees & Permits 1,104,009 1,244,537 140,528 12.7% Utility Service Charges 5,716 5,014 (702) N/ A
Fines, Penalties & Forfeitures 510,082 430,548 (79,534) -15.6% Investment Earnings 2,747,118 4,388,393 1,641,274 59.7% GASB31 Gain/ Loss on Investment 4,811,422 (2,649,865) (7,461,287) -155.1% Total Revenues $ 104,644,851 $ 102,076,560 $ (2,568,291) -2.5% Transfers In 561,943 7,771,573 7,209,630 1283.0%
Total Inflows $ 105,206,794 $ 109,848,133 $ 4,641,339 4.4% Total Inflows (w/ o GASB31) $ 100,395,372 $ 112,497,998 $ 12,102,626 12.1% General Fund Mid-Yr Estimate Through Q2 %
Revenue Category FY 2025 FY 2025 Received
Sales Tax 55,568,560 18,868,705 34.0%
Measure X 42,481,611 14,063,186 33.1%
Property Tax 65,736,729 42,036,911 63.9%
Other Revenue 11,134,068 4,703,144 42.2%
Current Serrvices 12,503,437 6,761,277 54.1%
Other Taxes 15,585,589 5,594,430 35.9%
Payments in Lieu of Services 7,773,943 3,837,821 49.4%
Intergovernmental Revenues 4,695,466 2,792,461 59.5%
Licenses, Fees & Permits 2,361,580 1,244,537 52.7%
Utility Service Charges 10,000 5,014 50.1%
Fines, Penalties & Forfeitures 1,170,137 430,548 36.8%
Investment Earnings 6,484,027 4,388,393 67.7%
GASB31 Gain/ Loss on Investment - (2,649,865) N/ A
Special Assessments 779,667 - 0.0%
Total Revenues $ 226,284,813 $ 102,076,560 45.1%
Transfers In 7,203,964 7,771,673 107.9%
Total Inflows 233,488,776 109,848,233 47.0%
Total Inflows (w/ o GASB31) $ 233,488,776 $ 112,498,098 48.2% Based on the current economic outlook, sales tax is projected to decrease by $2.6 million as compared to original estimates. Regular sales tax revenues are anticipated to decrease by $1.4 million, and Measure X is expected to decrease by $1.2 million.
Sales Tax 01
The primary decreases in this category are for Engineering & Inspection, Plan Check – Building, and AMR System Enhanced Fees.
Current Services 02
Other Taxes is increasing by $0.8 million partially due to a new hotel becoming operational and increases in franchises revenue.
Other Taxes 03
General Fund Mid-Year Changes
Quarterly Budget Update | Quarter 2, FY 2025 | February 5, 2025 With the updated Mid-Year projections, the General Fund inflows are estimated to decrease by 0.4%, or $1.0 million, from $234.5 million to $233.5 million.
General Fund Inflows
Revenue + Transfers In
Budget to Mid-Year Estimates FY 2025
General Fund Cumulative Budget Mid-Yr Estimate $ %
Revenue Category FY 2025 FY 2025 Change Change
Sales Tax $ 56,919,838 $ 55,568,560 $ (1,351,278) -2.4% Measure X 43,693,000 42,481,611 (1,211,389) -2.8%
Property Tax 65,623,930 65,736,729 112,799 0.2%
Other Revenue 11,067,362 11,134,068 66,706 0.6%
Current Services 12,849,409 12,503,437 (345,972) -2.7%
Other Taxes 14,789,698 15,585,589 795,891 5.4%
Payments in Lieu of Services 7,874,038 7,773,943 (100,095) -1.3% Intergovernmental Revenues 3,828,484 4,695,466 866,981 22.6% Licenses, Fees & Permits 2,091,186 2,361,580 270,394 12.9% Utility Service Charges 8,000 10,000 2,000 25.0%
Fines, Penalties & Forfeitures 1,290,195 1,170,137 (120,058) -9.3% Special Assessments 779,667 779,667 - 0.0%
Investment Earnings 6,484,027 6,484,027 - 0.0%
Total Revenues $ 227,298,834 $ 226,284,813 $ (1,014,021) -0.4% Transfers In 7,203,964 7,203,964 - 0.0%
Total Inflows $ 234,502,798 $ 233,488,776 $ (1,014,021) -0.4% The changes in Mid-Year estimates are based on four revenue categories:
With an increase of $0.9 million, Intergovernmental Revenues includes increases in grant revenue, state mandated reimbursements, and fire mutual aid reimbursement.
Intergovernmental Revenues 04
The FY 2025 budget was adopted with $221.7 million in General Fund expenditures. With continuing appropriations of $28.5 million, and encumbrances (committed purchase orders) of $18.9 million, the beginning outflow budget was $269.2 million. Through Council Actions and other authorized adjustments, total outflows are currently $292.7 million.
Through Quarter 2, the City has spent $104.4 million, or 35.7% of the cumulative budget. At this point in the fiscal year, expenditures should be approximately 50% of budget. When comparing the same quarter in FY 2024, outflows are up by 27.2%, or $22.3 million.
Personnel Services, the largest budget category, has an increase of $6.5 million as compared to the same quarter last fiscal year. The changes are primarily based on current Memorandum of Understanding (MOU) contracts that were good through December 2024, as well as new positions approved through the annual budget process.
Materials and Supplies is up by $14.3 million when compared to Quarter 2 of FY 2024. There are multiple increases and decreases in this category. The primary driver for the change is property acquisitions in the current fiscal year.
General Fund Expenditures Quarterly Budget Update | Quarter 2, FY 2025 | February 5, 2025 General Fund Outflows
Expenditures + Transfers Out
Quarter 2, FY 2024 to FY 2025
General Fund Outflows
Expenditures + Transfers Out
Budget to Actuals, Quarter 2, FY 2025
General Fund Through Q2 Through Q2 %
Expenditures By Category 2024 2025 Change
Contractual 6,152,320 7,848,623 27.6%
Materials and Supplies 19,209,519 33,550,585 74.7%
Other Sources - - N/ A
Personnel Services 54,008,135 60,479,202 12.0%
Utilities 2,679,110 2,486,984 -7.2%
Total Expenditures $ 82,049,083 $ 104,365,393 27.2%
Transfers Out - 10,883 N/ A
Total Outflows $ 82,049,083 $ 104,376,276 27.2%
General Fund Cumulative Budget Through Q2 %
Expenditures By Department FY 2025 FY 2025 Spent
CIP / O&M Projects $ 73,969,286 $ 17,503,336 23.7%
City Manager's Office 15,254,994 3,585,107 23.5%
Community Services 20,258,813 8,498,458 41.9%
Debt Service 23,357,926 4,802,423 20.6%
Economic Development 1,692,601 341,188 20.2%
Elected Officials 175,230 57,353 32.7%
Finance 4,818,826 2,211,345 45.9%
Fire 36,856,134 18,543,659 50.3%
General Government 34,285,890 11,893,786 34.7%
Human Resources 3,092,679 1,347,808 43.6%
Information Technology 1,121,713 229,413 20.5%
Legal & Risk Management 2,099,380 970,949 46.2%
Planning & Development 9,318,371 3,833,554 41.1%
Police 60,795,243 28,282,409 46.5%
Public Works 5,630,237 2,264,605 40.2%
Total Expenditures $ 292,727,324 $ 104,365,393 35.7%
Transfers Out 10,883 10,883 100.0%
Total Outflows $ 292,738,207 $ 104,376,276 35.7%
General Fund Expenditures By Department
Quarterly Budget Update | Quarter 2, FY 2025 | February 5, 2025 This budget does not follow the normal trends as these are multi-year projects. Any unspent encumbrances (purchase orders) or remaining balance carries forward to the next fiscal year to continue the project activities.
CIP / O&M Projects (23.7%)
Current savings are primarily due to contractual services in the Homeless Solutions Program.
City Manager’s Office (23.5%)
Current savings is due to personnel services, materials and supplies, and contractual services.
Economic Development (20.2%)
Through December 31, 2024, approximately 50% of the fiscal year is complete. Departments with a variance of 10% or more are explained in the following section.
Quarter 2 is trending low due to the timing of debt service payments based on approved payment cycles.
Debt Service (20.6%)
Information Technology (20.5%)
Current savings are primarily due to contractual services, specifically, Fire Dispatch Services with the City of Ontario.
Current savings is due to personnel services, materials and supplies, and contractual services.
Elected Officials (32.7%)
Current savings is due to personnel services, materials and supplies, and contractual services.
General Government (34.7%)
Enterprise Funds
Quarterly Budget Update | Quarter 2, FY 2025 | February 5, 2025 Utilities Inflows
The City operates three utility services through the Utilities Department: electric, water, and 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 Compared, Quarter 2
FY 2023 – FY 2024 – FY 2025
$-
$10
$20
$30
$40
$50
$60
Electric Water Sewer
FY 2023
FY 2024
FY 2025
Millions
Emergency Contingency
1 2 3
GOAL $4,901,402
Electric Utility
$553,301
Water
Utility
Sewer
Utility
$3,319,216 $1,325,448
Utilities Funds Reserves
Quarterly Budget Update | Quarter 2, FY 2025 | February 5, 2025 The Utilities Funds target reserve amount for each of the operating funds shall be set at ninety (90) days. To build the target reserve amount, the Utilities Department shall annually contribute ten percent (10%) of the difference between actual operating revenues and actual operating expenses for each of the Utilities Department Operating Funds at the beginning of each fiscal year until the target reserve is met. Depending on the fund, it will take time to hit the target reserve amount. If the reserve amount exceeds the target reserve amount, the additional funds shall remain in reserves. The reserve process occurs annually, once the audit and financials are finalized.
GOAL $23,726,374 GOAL $12,817,081
Water Sewer
Utilities Funds Inflows
Quarterly Budget Update | Quarter 2, FY 2025 | February 5, 2025 Comparing Quarter 2 FY 2025 revenues to FY 2024, there is a decrease of $0.2 million, or
1.6%. There were increases in categories: Current Services, Fines, Penalties & Forfeitures, Fees & Permits, and Other Revenue. There were decreases in categories:
Intergovernmental Revenues, Investment Earnings, and Utility Services Charges. The change in the Investment Earnings category is due to how the City must report the unrealized gains/losses from investments. These are book entries and not actual cash.
Utilities Revenues - Through Quarter 2 FY 2025, revenues received have decreased 6.8%, or $4.4 million, as compared to the same quarter in Fiscal Year 2024.
Through the second quarter of FY 2025, there is a decrease of 6.3%, or $2.3 million, as compared to FY 2024. There were increases in categories: Fees& Permits, Fines, Penalties & Forfeitures, and Utility Service Charges. There were decreases in categories: Current Services, Intergovernmental Revenues, Investment Earnings, Licenses, Fees & Permits, and Other Revenue. The change in the Investment Earnings category is due to how the City must report the unrealized gains/losses from investments. These are book entries and not actual cash.
Through Quarter 2, there is a decrease of 10.9%, or $1.9 million, when compared to FY 2024. There were increases in categories: Current Services and Other Revenue. There were decreases in categories: Fees & Permits, Fines, Penalties, & Forfeitures, Intergovernmental Revenue, Investment Earnings, Licenses, Fees & Permits, and Utility Services Charges. The change in the Investment Earnings category is due to how the City must report the unrealized gains/losses from investments. These are book entries and not actual cash.
Electric
Utilities Funds Inflows
Quarterly Budget Update | Quarter 2, FY 2025 | February 5, 2025 Utilities Funds Inflows
Revenue + Transfers In
Quarter 2, FY 2024 to FY 2025
Utilities Funds Inflows
Revenue + Transfers In
Mid-Year Estimates to Actuals FY 2025
Enterprise Funds Through Q2 Through Q2 %
Fund Type FY 2024 FY 2025 Change
Electric $ 9,511,786 $ 9,662,038 1.6%
GASB31 Gain/ Loss on Investment 667,323 358,185 -46.3%
Water 34,429,635 33,151,189 -3.7%
GASB31 Gain/ Loss on Investment 1,686,926 686,633 -59.3% Sewer 15,200,038 14,691,063 -3.3%
GASB31 Gain/ Loss on Investment 2,437,252 1,028,036 -57.8% Total Revenues $ 63,932,960 $ 59,577,143 -6.8%
Transfers In - Electric - - N/ A
Transfers In - Water - - N/ A
Transfers In - Sewer - - N/ A
Total Inflows $ 63,932,960 $ 59,577,143 -6.8%
Total Inflows (w/ o GASB31) $ 59,141,459 $ 57,504,289 -2.8% Enterprise Funds Mid-Yr Estimate Through Q2 %
Fund Type FY 2025 FY 2025 Received
Electric $ 19,044,472 $ 9,662,038 50.7%
GASB31 Gain/ Loss on Investment - 358,185 N/ A
Water 79,735,087 33,151,189 41.6%
GASB31 Gain/ Loss on Investment - 686,633 N/ A
Sewer 40,148,276 14,691,063 36.6%
GASB31 Gain/ Loss on Investment - 1,028,036 N/ A
Total Revenues $ 138,927,835 $ 59,577,143 42.9%
Transfers In - Electric - - N/ A
Transfers In - Water - - N/ A
Transfers In - Sewer - - N/ A
Total Inflows $ 138,927,835 $ 59,577,143 42.9%
Total Inflows (w/ o GASB31) $ 138,927,835 $ 57,504,289 41.4% Electric Utility revenues are anticipated to decrease by $1.9 million to $19.0 million. This represents a 9.1% decrease over the current budget amount of $20.9 million. The decrease is spread across multiple categories, but penalties, miscellaneous income/refunds, and other electric sales see the largest decreases.
Electric 01
Water Utility revenues are estimated to increase by $7.1 million, as compared to the current budget amount of $72.7 million. The mid-year estimate of $79.7 million represents a 9.7% increase. There are both increases and decreases across all categories.
Water 02
Sewer Utility revenues are estimated to increase by $3.5 million, from $36.7 million to $40.1 million. This represents a 9.5% increase over the current budget. There are increases in pretreatment program surcharge, capacity fees, and miscellaneous reimbursements.
Sewer 03
Utilities Mid-Year Changes
Quarterly Budget Update | Quarter 2, FY 2025 | February 5, 2025 With the updated Mid-Year projections, the Utilities Funds inflows are estimated to increase by 7.5%, or $9.7 million, from $130.3 million to $140.0 million.
Utilities Funds Inflows
Revenue + Transfers In
Budget to Mid-Year Estimates FY 2025
Enterprise Funds Cumulative Budget Mid-Year Estimate $ % Fund Type FY 2025 FY 2025 Change Change
Electric $ 20,955,275 $ 19,044,472 $ (1,910,803) -9.1%
Water 72,672,998 79,735,087 7,062,089 9.7%
Sewer 36,672,674 40,148,276 3,475,602 9.5%
Total Revenues $ 130,300,947 $ 138,927,835 $ 8,626,888 6.6% Transfers In - Electric - - - N/ A
Transfers In - Water - - - 0.0%
Transfers In - Sewer - - - N/ A
Total Inflows $ 130,300,947 $ 138,927,835 $ 8,626,888 6.6% Water Sewer
Utilities Funds Outflows
Quarterly Budget Update | Quarter 2, FY 2025 | February 5, 2025 Overall, the Electric utility expenditures through Quarter 2 are down by 26.1%, or $2.1 million, when compared to last fiscal year during the same period. There are increases in contractual and materials and supplies, but there is a decease in the utilities category.
At the end of Quarter 2, CIP expenditures total 2.4% of the cumulative budget. The operating budget expenditures total 28.1% of the current FY 2025 budget. Overall, Electric utility has expended 25.6% of the current budget.
When comparing the total of utility outflows, Quarter 2 of FY 2025 to FY 2024, outflows are lower by 3.0%, or $1.4 million.
Overall, the Water utility expenditures are up by 6.4% or $1.6 million when compared to Quarter 2 in FY 2024. Like the Electric fund, there are increases in contractual, materials and supplies, and personnel services, but there is a decease in the utilities category.
At the end of Quarter 2, CIP expenditures total 7.8% of the cumulative budget. The operating budget expenditures total 43.1% of the current FY 2025 budget. Overall, Water utility has expended 23.8% of the current budget.
The Sewer utility expenditures are down by 6.7%, or $0.9 million, when compared to Quarter 2 of FY 2024. There are increases in contractual, but all other categories are seeing a decrease.
At the end of Quarter 2, CIP expenditures total 9.6% of the cumulative budget. The operating budget expenditures total 37.9% of the current FY 2025 budget. Overall, Sewer utility has expended 20.1% of the current budget.
Electric
Utilities Funds Outflows
Quarterly Budget Update | Quarter 2, FY 2025 | February 5, 2025 Utilities Funds Outflows
Expenditures + Transfers Out
Quarter 2, FY 2024 to FY 2025
Utilities Funds Outflows
Expenditures + Transfers Out
Budget to Actuals, Quarter 2, FY 2025
Enterprise Funds Through Q2 Through Q2 %
Expenditures By Category FY 2024 FY 2025 Change
Electric
Contractual $ 144,960 $ 244,507 68.7%
Depreciation 133,189 - N/ A
Materials and Supplies 906,445 1,038,395 14.6%
Personnel Services 306,310 303,072 -1.1%
Utilities 6,572,417 4,368,899 -33.5%
Electric Total 8,063,321 5,954,874 -26.1%
Water
Contractual $ 1,360,027 $ 1,358,218 -0.1%
Depreciation 53,826 - N/ A
Materials and Supplies 16,522,483 18,191,203 10.1%
Personnel Services 4,083,037 4,134,982 1.3%
Utilities 3,527,551 3,497,911 -0.8%
Water Total 25,546,924 27,182,314 6.4%
Sewer
Contractual $ 641,160 $ 589,066 -8.1%
Depreciation - - N/ A
Materials and Supplies 8,694,106 8,197,775 -5.7%
Personnel Services 3,352,865 3,163,682 -5.6%
Utilities 1,338,312 1,133,002 -15.3%
Sewer Total 14,026,443 13,083,526 -6.7%
Transfers Out - Electric - - N/ A
Transfers Out - Water - - N/ A
Transfers Out - Sewer - - N/ A
Grand Total $ 47,636,689 $ 46,220,714 -3.0%
Enterprise Funds Cumulative Budget Through Q2 %
Expenditures By Department FY 2025 FY 2025 Spent
Electric
CIP / O&M Projects $ 2,267,695 $ 55,433 2.4%
Debt Service 83,692 28,135 33.6%
Planning & Development 192 192 100.0%
Public Works 108,476 18,313 16.9%
Utilities Department 21,017,636 5,908,233 28.1%
Electric Total 23,477,690 6,010,307 25.6%
Water
CIP / O&M Projects $ 76,255,957 $ 5,982,169 7.8%
Debt Service 375,320 127,198 33.9%
Planning & Development 54,853 23,528 42.9%
Public Works 771,654 274,997 35.6%
Utilities Department 61,844,382 26,756,592 43.3%
Water Total 139,302,166 33,164,484 23.8%
Sewer
CIP / O&M Projects $ 58,477,029 $ 5,607,603 9.6%
City Manager's Office - (18) N/ A
Debt Service 209,914 70,568 33.6%
Planning & Development 34,916 17,724 50.8%
Public Works 475,428 170,007 35.8%
Utilities Department 33,783,022 12,825,246 38.0%
Sewer Total 92,980,309 18,691,129 20.1%
Transfers Out - Electric - - N/ A
Transfers Out - Water - - N/ A
Transfers Out - Sewer - - N/ A
Grand Total $ 255,760,165 $ 57,865,920 22.6%
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