FY 2025 Mid-Year Budget Review
1 FY 2025 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
Revenue sources highlighted in yellow 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.
1. Sales Tax revenue based on latest HdL Forecast. Latest forecast reflects decline compared to FY 2024 actuals and to Budget as a result of current economic conditions.
2. Property Tax revenue based on latest County’s
Assessment Roll – City of Fresno growing by 5.83%. At
the time of the Adopted Budget, Property Tax growth
estimated at 5.55%
3. Business License revenues reflect growth above FY 2024 actuals while Room Tax revenues also reflect a positive trend compared to FY 2024 Actuals and Budget.
4. Cannabis revenue* is below budget based on the number of businesses currently permitted and operating, as well as the number of permits projected to be issued by the
end of the fiscal year.
2 GENERAL FUND – 10101 FY 2022
Actuals
FY 2023
Actuals
FY 2024
Actuals
PRIOR YEAR CARRYOVER 45,523,800 48,804,700 55,907,500
REVENUES
Sales Tax 144,706,500 145,115,200 146,316,600
Property Tax 154,702,800 166,659,000 180,532,900
Business License 21,870,800 22,925,900 23,044,900
Room Tax 15,349,100 14,965,800 15,266,400
Franchise Fees 17,647,400 19,048,000 22,175,100
Other Taxes and Fees 7,047,600 7,886,000 8,689,100
Charges for Current Services 41,760,400 41,351,400 44,488,500 All Other Revenue 22,677,200 33,958,500 30,875,400
Total Annual Operating Revenue 425,761,800 451,909,800 471,388,900 Total Resources 471,285,600 500,714,500 527,296,400
3 FY 2025 Mid-Year Budget Review – Revenues
GENERAL FUND – 10101 FY 2024
Actuals
FY 2025
Adopted
FY 2025
Estimate as of
(02/04/25)
Variance
PRIOR YEAR
CARRYOVER 55,907,500 23,975,700 33,641,600
REVENUES
Sales Tax 146,316,600 147,745,700 143,229,400 (4,516,300) Property Tax 180,532,900 189,805,700 190,338,100 532,400 Business License 23,044,900 23,211,900 23,211,900 -
Room Tax 15,266,400 15,724,900 15,997,500 272,600
Franchise Fees 22,175,100 22,063,800 22,973,600 909,800 Other Taxes and Fees 8,689,100 6,629,300 6,849,200 219,900 Charges for Current Services 44,488,500 43,170,200 43,981,900 811,700 All Other Revenue 30,875,400 32,160,900 28,447,200 (3,713,700) Total Annual Operating
Revenue 471,388,900 480,512,400 475,028,800 (5,483,600) Total Resources 527,296,400 504,488,100 508,670,400 4,182,3004 FY 2025 Mid-Year Budget Review – Revenues
GENERAL FUND – 10101 FY 2024
Actuals
FY 2025
Adopted
FY 2025
Estimate as of
(02/04/25)
Variance
ALL OTHER REVENUE:
Intergovernmental Revenue 11,904,400 8,864,300 10,281,000 1,416,700 Intragovernmental Revenue 14,350,200 14,864,500 13,841,000 (1,023,500) Cannabis 2,387,400 7,120,900 3,162,200 (3,958,700)
All Other 2,233,400 1,311,200 1,163,000 (148,200)
Total Other
Revenue 30,875,400 32,160,900 28,447,200 (3,713,700)
5 FY 2025 Mid-Year Budget Review – Revenues
FY 2025 Mid-Year Budget Review –Net Ending Balance
GENERAL FUND - 10101 FY 2022 Actuals
FY 2023
Actuals
FY 2024
Actuals
FY 2025
Adopted
FY 2025
Estimate as of
(02/04/25)
Total Annual Available Funding 471,285,600 500,714,500 527,296,400 504,488,100 508,670,400 Total Annual Expenses (407,811,700) (425,019,300) (470,523,900) (483,224,600) (472,977,900) Total Annual Transfers (18,375,100) (24,786,800) (23,131,300) (21,263,500) (20,797,200) Annual Net Ending Balance 45,098,800 50,908,400 33,641,200 0 14,895,300 Incomplete Capital Projects:
FY23 – FY24 Approved Commitments Planning & Dev 40,000
Stadium 410,000
FY24 – FY25 Approved Commitments Public Works 4,711,200 PARCS 3,687,100
Subtotal 8,848,300
FY25 Estimated Ending Balance 6,047,000
6 FY 2025 Mid-Year Budget Summary – FY 2026 Base
7 GENERAL FUND - 10101 FY 2025 Adopted FY 2025
Estimate as of
(02/04/25)
Variance
FY 2026 Base
Budget as of
(02/04/25)
Total Annual Available Funding 504,488,100 508,670,400 4,182,300 503,688,600 Total Annual Expenses (483,224,600) (472,977,900) (10,246,700) (504,551,800) Total Annual Transfers (21,263,500) (20,797,200) (466,300) (19,793,700) Annual Net Ending Balance 0 14,895,300 14,895,300 (20,656,900) Incomplete Capital Projects:
FY23 – FY24 Approved Commitments Planning & Dev 40,000
Stadium 410,000
FY24 – FY25 Approved Commitments Public Works 4,711,200 PARCS 3,687,100
Subtotal 8,848,300
FY25 Estimated Ending Balance 6,047,000
QUESTIONS
8