Budget Summary by Fund
City of Cotati | Fiscal Year 2023/24 Preliminary Budget Page 115 Actual Revenue Source
Budgeted Revenue Source
Actual Expenditures
Budgeted Expenditures
FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 $0
$5M
$10M
$15M
$20M
Consolidated Financial Schedule
City of Cotati | Fiscal Year 2023/24 Preliminary Budget Page 121 Fund Balance
The fund balance for Fiscal Year 2022/23 is projected to decrease due to use of funds to stimulate significant capital projects during the year with over $4.5M in transfers out for said projects. The City will continue to maintain the required reserve of 25% of operating expenses.
Projections
Unassigned Assigned
FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 $0
$2M
$4M
$6M
$8M
$10M
FY2020 FY2021 FY2022 FY2023 FY2024 % Change $ Change
Fund Balance — — — — —
Unassigned $5,391,045 $7,018,952 $5,911,743 $5,463,543 $1,383,757 -74.7% $-4,079,786 Assigned $1,910,969 $1,818,206 $3,142,428 $2,117,200 $2,361,957 11.6% $244,757 Total Fund Balance: $7,302,014 $8,837,158 $9,054,171 $7,580,743 $3,745,714 -50.6% $-3,835,029 City of Cotati | Fiscal Year 2023/24 Preliminary Budget Page 132 Personnel Services $628,053 $702,373 $793,654 $667,690 $636,649 $696,370 9.4% Payout $6,167 $37,848 $31,781 $27,180 $33,575 $26,150 -22.1% Materials and
Supplies
$6,089 $11,700 $7,496 $7,212 $7,212 $7,612 5.5%
Contract Services $133,876 $131,416 $150,219 $181,602 $178,900 $224,938 25.7% Repairs and
Maintenance
$45,879 $48,152 $30,733 $45,000 $25,000 $45,300 81.2%
Utilities $13,207 $15,407 $15,271 $14,850 $19,200 $27,376 42.6% Other Expense $69,996 $99,002 $35,257 $79,142 $85,182 $73,132 -14.1% Administrative Fee $6 $146 $607 $0 $0 $0 0%
Debt Service $890,776 $890,082 $946,989 $1,032,102 $1,032,102 $961,005 -6.9% Capital Outlay $0 $20,415 $0 $87,575 $0 $0 0%
Wastewater
Treatment
$885,435 $1,142,028 $1,250,570 $1,420,000 $1,482,840 $1,531,641 3.3% Total Expense
Objects:
$2,679,484 $3,098,568 $3,262,577 $3,562,353 $3,500,660 $3,593,524 2.7% Name FY2020
Actual
FY2021
Actual
FY2022
Actual
FY2023 Adopted
Budget
FY2023
Estimate
FY2024 Proposed
Budget
FY2023 Estimate vs.
FY2024 Proposed
Budget (% Change)
Fund Balance
The fund balance continues to exceed the required 33% reserve requirement as set out by council resolution. We will continue to monitor the reserves to ensure the stability of this fund for our community into the future.
Projections
Unassigned Assigned
FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 $0
$1M
$2M
$3M
$4M
FY2020 FY2021 FY2022 FY2023 FY2024 % Change $ Change
Fund Balance — — — — —
Total Fund Balance: $3,154,927 $2,813,586 $2,280,306 $1,672,947 $1,117,261 -33.2% $-555,686 City of Cotati | Fiscal Year 2023/24 Preliminary Budget Page 150 Fund Balance
This fund balance will fluctuate based on usage of funds for strategic capital projects. We will continue to evaluate and maintain the fund to meet future needs.
Projections
Fund Balance
FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 $-1000000
$0
$1M
$2M
$3M
$4M
$5M
City of Cotati | Fiscal Year 2023/24 Preliminary Budget Page 155