FY 2023 Mid-Year Budget Review
1 FY 2023 Mid-Year Budget Review
GENERAL FUND
REVENUES
Sales Tax
Property Tax
Business License
Room Tax
Franchise Fees
Other Taxes and Fees
Charges for Current Services
All Other Revenue
Total Annual Operating Revenue
Total Available Funding
These revenue sources represent 79% of the City’s Total Annual Operating Revenue.
These revenue sources are the best indicators of the level of economic activity in our community.
Business License & Room Tax revenues on course to meet Budget.
Sales Tax revenue based on latest Muni Forecast. Latest forecast reflects growth compared to FY 2022 actuals; however, slower growth compared to Budget as a result of current economic conditions.
Property Tax revenue based on latest County’s Assessment Roll – City of Fresno growing by 7.98%. At the time of the Adopted Budget, Property Tax growth estimated at 3.50% Cannabis revenue below budget reflecting 2 of 19 active applicants issued final commercial cannabis business permit and opened for business. 2 GENERAL FUND – 10101
FY 2020Actuals
FY 2021 Actuals
FY 2022
Actuals
PRIOR YEAR CARRYOVER
24,806,000
25,432,600
45,523,800
REVENUES
Sales Tax
95,060,000
119,640,200
144,706,500
Property Tax
141,332,000
151,479,300
154,702,800
Business License
19,805,000
19,332,300
21,870,800
Room Tax
12,152,000
11,980,700
15,349,100
Franchise Fees
14,931,000
16,710,100
17,647,400
Other Taxes and Fees
5,672,000
5,294,800
7,047,600
Charges for Current Services
38,671,000
37,961,800
41,760,400
All Other Revenue
23,817,000
27,349,000
22,677,200
Total Annual Operating Revenue
351,440,000
389,748,200
425,761,800
Total Available Funding
376,246,000
415,180,800
471,285,600
3 FY 2023 Mid-Year Budget Review – Revenues
GENERAL FUND – 10101
FY 2020Actuals
FY 2021 Actuals
FY 2022
Actuals
FY 2023
Adopted
FY 2023 Estimate as of
(02/23/23)
PRIOR YEAR CARRYOVER
24,806,000
25,432,600
45,523,800
53,557,800
45,098,800
REVENUES
Sales Tax
95,060,000
119,640,200
144,706,500
158,429,000
150,736,500
Property Tax
141,332,000
151,479,300
154,702,800
159,672,600
167,052,600
Business License
19,805,000
19,332,300
21,870,800
23,673,100
23,673,300
Room Tax
12,152,000
11,980,700
15,349,100
14,899,200
14,899,200
Franchise Fees
14,931,000
16,710,100
17,647,400
15,959,100
14,959,100
Other Taxes and Fees
5,672,000
5,294,800
7,047,600
5,813,500
5,647,500
Charges for Current Services
38,671,000
37,961,800
41,760,400
43,622,600
41,040,700
All Other Revenue
23,817,000
27,349,000
22,677,200
33,814,300
30,706,400
Total Annual Operating Revenue
351,440,000
389,748,200
425,761,800
455,883,400
448,715,300
Total Available Funding
376,246,000
415,180,800
471,285,600
509,441,200
493,814,100
4 FY 2023 Mid-Year Budget Review – Revenues
GENERAL FUND – 10101
FY 2020Actuals
FY 2021 Actuals
FY 2022
Actuals
FY 2023
Adopted
FY 2023 Estimate as of
(02/23/23)
ALL OTHER REVENUE:
Intergovernmental Revenue
8,312,800
12,864,100
9,193,700
14,370,200
13,892,900
Intragovernmental Revenue
13,236,600
12,210,600
11,824,800
12,749,600
13,142,200
Cannabis
0 409,800
0 5,370,500
2,113,100
All Other
2,267,600
1,864,500
1,658,700
1,324,000
1,558,200
Total Other Revenue
23,817,000
27,349,000
22,677,200
33,814,300
30,706,400
5 FY 2023 Mid-Year Budget Review – Revenues
FY 2023 Mid-Year Budget Review –Net Ending Balance
GENERAL FUND - 10101
FY 2020
Actuals
FY 2021
Actuals
FY 2022
Actuals
FY 2023
Adopted
FY 2023
Estimate as of (02/23/23)
Total Annual Available Funding
376,246,000
415,180,800
471,285,600
509,441,200
493,814,100
Total Annual Expenses
(339,615,000)
(422,668,300)
(407,811,700)
(540,226,800)
(480,578,600)
Total Annual Transfers
(11,300,000)
53,192,800
(18,375,100)
32,754,600
(2,052,300)
Annual Net Ending Balance
25,331,000
45,705,300
45,098,800
1,969,000
11,183,200
FY 22 – FY23 Approved Commitments
Incomplete Capital Projects PW
(17,990,000)
Incomplete Capital Projects PARCS
(5,435,000)
Incomplete ARPA Projects
(24,108,900)
ARPA Projects - Revenue Transfers
24,108,900
Pending ARPA Reimbursements
14,625,000
FY23 Estimated Ending Balance
2,383,200
6 FY 2023 Mid-Year Budget Review –Net Ending Balance
GENERAL FUND - 10101
FY 2020
Actuals
FY 2021
Actuals
FY 2022
Actuals
FY 2023
Adopted
FY 2023
Estimate as of (02/23/23)
FY23 Estimated Ending Balance
2,383,200
FY 22 – FY23 Requests
Warming Centers (Admin & Council Request)
(300,000)
Water Tower (D3 Request)
(1,000,000)
Senior Center Project (Admin & Council Request)
To be determined
Eviction Protection Program (D7 & CAO Request)
To be determined
FY23 Estimated Ending Balance Remaining
1,083,200
7 QUESTIONS
8