Attachment 3
FY 21-22 Mid-Year Budget Update
General Fund - Budget Summary
FY 19-20 FY 20-21 FY 21-22 FY 21-22
Audited
Actuals
Audited
Actuals
Adopted
Budget
7-Months
Actuals % Used
Mid-Year
Update
Proposed
Mid-Year
Adjustments
Beginning Available Balance, as adjusted 2,412,068 $ 1,847,112 $ 1,241,944 2,138,826$ $ 896,882 Revenues
Taxes
Utility User Tax 3,483,843 3,590,649 3,509,000 1,887,446 54% 3,509,000 - Sales Tax 4,212,285 4,775,496 4,654,675 2,779,415 60% 4,654,675 - Property Taxes 1,415,995 1,451,716 1,520,000 822,033 54% 1,520,000 - Franchise Fees 948,503 862,104 896,000 416,208 46% 896,000 - Business Licenses 251,418 268,697 198,000 49,789 25% 198,000 - Transfer Tax 142,850 126,488 132,000 80,591 61% 132,000 - Transient Occupancy Tax 6,179 7,635 5,000 7,048 141% 5,000 - Intergovernmental 2,151,433 2,285,392 2,418,000 1,191,833 49% 2,418,000 - Fines & Forefeitures 62,582 36,586 37,000 18,325 50% 37,000 - Program Revenues
Community Development 675,556 824,891 242,000 129,173 53% 242,000 - Parks and Recreation 1,020,758 396,290 1,753,000 275,180 16% 753,000 (1,000,000) Police 483,110 48,958 219,000 97,436 44% 219,000 - Public Works 28,588 46,908 48,000 25,402 53% 48,000 - Other 6,770 10,571 11,000 3,281 30% 11,000 - Use of Money & Property 600,707 511,188 313,000 163,727 52% 313,000 - Cost allocated to other funds 534,992 619,634 739,325 446,459 60% 739,325 - Transfers In 227,335 150,000 150,000 123,736 82% 150,000 - 16,252,904 16,013,203 16,845,000 8,517,082 51% 15,845,000 (1,000,000) Expenditures
Police 7,564,927 7,549,028 7,545,685 3,438,811 46% 7,545,685 - Public Works 305,464 292,525 374,592 159,931 43% 374,592 - Community Development 611,297 792,456 725,810 333,664 46% 725,810 - Parks and Recreation 2,165,547 1,434,988 2,787,803 1,030,377 37% 1,787,803 (1,000,000) City Council 376,082 407,588 331,114 210,382 64% 331,114 - City Manager 385,675 360,115 409,908 166,335 41% 454,908 45,000 Legal 284,709 154,562 265,000 83,411 31% 265,000 - Administrative Services 700,608 679,926 718,643 284,642 40% 718,643 - Finance 1,044,931 1,106,024 1,155,608 614,285 53% 1,155,608 - Workers Comp/General Liability 1,084,650 1,080,572 1,235,837 1,209,267 98% 1,235,837 - Non-Department 766,112 375,912 260,000 135,455 52% 260,000 - Transfers Out 205,099 214,976 423,000 319,941 76% 423,000 - 15,495,101 14,448,672 16,233,000 7,986,501 49% 15,278,000 (955,000) Net Annual Activity
Baseline Operations 757,803 1,564,531$ 612,000 $ 530,581$ 87% 567,000 $ (45,000)$ One-Time Revenues 1,723,486 600,750 1,056,000 906,000 151% 1,056,000 - One-Time Expenditures (3,046,245) (1,873,567) (2,666,500) (1,437,578) 77% (2,666,500) - Ending Available Balance (Before ARPA) 1,847,112 2,138,826 243,444 1,095,326 851,882 One-Time ARPA (Loss of Revenue) 2,918,338 2,918,338 One-Time ARPA Expenditures (756,000) (756,000) Ending Available Balance (Including ARPA) 1,847,112$ 2,138,826$ 243,444$ 3,257,664$ 3,014,220$ Operating Reserve:
Beginning Balance 3,797,650 2,764,975$ 4,034,517$ 4,209,129$ 174,612$ Current Year Contribution 236,867 -
Interest Earned 174,612 -
Return/(Draw) - reserve (1,269,542) 1,269,542 - Ending Balance 2,764,975 4,209,129$ 4,034,517$ 4,209,129$ 174,612$ % of Projected Operating Expenditures 18% 29% 25% 28%
FY 21-22 Activities thru
01/31/2022 @ 58%