UN-AUDITED MID-YEAR
BUDGET & ACTUALS REVIEW
Fiscal year 2022/23 City of Cotati
FINANCIAL
REPORTING
Citywide Overview
General Fund
Enterprise Funds
Cash and Investments
Portfolio
CITY WIDE
All City Funds
CITYWIDE REVENUES & EXPENSES
CITYWIDE OVERVIEW
Revenues are at 33.2% of Budget
General Fund Revenues Sales tax and Other
Tax are collected 1-3 months after relevant
taxing period. As such these revenues are
delayed for receipt and will not be fully
accounted for until after the close of the
fiscal year.
Capital Projects – less than budget due to
timing of capital projects
Expenses are at 28.8% of Budget
Capital Projects and Special Revenue Funds–
are subject to timing of the projects in place
and related activity incurred during the fiscal
year.
Revenues & Expenses
On Target
GENERAL FUND
Mid-Year Budget Analysis
COMPARATIVE
REVENUES & EXPENDITURES
Property Tax, $ 1,086,868
Sales Tax, $ 2,018,952
Other Taxes, $
246,643
Licenses, Permits &
Franchises, $ 223,746 Rents, $...
Other...
Community
Development
Charges, $
156,992
Public
...
Publ... C..
.
Other
Revenue
s, $
90,275
I...
C..
.
Transf
ers In,
$
82,000
Proportion of General Fund Revenues
ENTERPRISE FUNDS
SUMMARY OF WATER AND WASTEWATER FUNDS
ENTERPRISE FUNDS ANALYSIS
WATER
Revenues are at 56.5% of budget
Expenses are at 35.5% of budget
WASTEWATER
Revenues are at 55.5% of budget
Expenses are at 43.8% of budget
CASH &
INVESTMENTS
SUMMARY OF CASH AND
INVESTMENTS AT
DECEMBER 31, 2022
Total Exceeds $19.7M.
In line with the City
adopted investment
policy.
Enough to meet
operational needs for
next 6 months in fiscal
year.
City Utilizes Pooled
Cash and Investments.
CONCLUSION
Fiscal Year was primarily on track with Budget
and inline with prior Fiscal Year 2021/22
City staff will continue to update the Council
with quarterly financial reports as well as the
audited financials for Fiscal Year 2021/22
City staff are committed to exercising
prudence and integrity in the management of
public funds and provide transparent
accountability for its use