FY 22-23 Mid-Year Budget Update
General Fund - Budget Summary
FY 19-20 FY 20-21 FY 21-22 FY 22-23 FY 22-23
Audited
Actuals
Audited
Actuals
Audited
Actuals
Adopted
Budget
6-Months
Actuals % Used
Mid-Year
Update
Proposed
Mid-Year
Adjustments
General Fund
Beginning Available Balance $2,412,068 $1,847,113 $2,138,828 $953,025 $3,909,022 Reserve per Council policy:
25% to Pension (977,256)
25% to Operating Reserve (Not applied) -
50% to Capital Reserve (1,954,511)
Beginning Available Balance, as adjusted 2,412,068 1,847,113 2,138,828 953,025 977,255$ Revenues
Taxes
Utility User Tax 3,483,843 3,590,649 3,828,410 3,589,000 1,754,196 49% 3,589,000 - Sales Tax 4,212,285 4,775,496 6,263,066 4,998,000 2,908,360 58% 5,398,000 400,000 Property Taxes 1,415,995 1,451,716 1,524,791 1,571,000 886,096 56% 1,571,000 - Franchise Fees 948,503 862,104 970,054 905,000 270,863 30% 905,000 - Business Licenses 251,418 268,697 257,289 274,000 56,918 21% 274,000 - Transfer Tax 142,850 126,488 199,673 146,000 51,101 35% 146,000 - Transient Occupancy Tax 6,179 7,635 25,778 114,000 9,994 9% 114,000 - Intergovernmental 2,151,433 2,285,392 2,391,327 2,511,000 1,252,963 50% 2,511,000 - Fines & Forefeitures 62,582 36,586 48,663 38,000 16,627 44% 38,000 - Program Revenues
Community Development 675,556 824,891 644,862 306,000 101,169 33% 306,000 - Parks and Recreation 1,020,758 396,290 1,034,173 1,156,000 547,330 47% 1,156,000 - Police 483,367 65,915 136,878 139,000 50,903 37% 139,000 - Public Works 28,978 46,908 10,464 38,000 25,194 66% 38,000 - Other 6,770 10,571 6,723 11,000 4,729 43% 11,000 - Use of Money & Property 600,707 511,188 347,905 286,000 79,617 28% 286,000 - Cost allocated to other funds 534,346 602,677 624,568 684,000 342,000 50% 684,000 - Transfers In 227,335 150,000 396,816 150,000 75,000 50% 150,000 - 16,252,905 16,013,203 18,711,440 16,916,000 8,433,060 50% 17,316,000 400,000 Expenditures
Police 7,564,927 7,549,028 7,759,504 7,821,727 4,255,489 54% 7,881,727 60,000 Public Works 305,464 292,525 313,571 382,857 199,527 52% 383,857 1,000 Community Development 611,297 792,456 1,039,919 810,561 238,243 29% 858,561 48,000 Parks and Recreation 2,165,547 1,434,988 1,952,419 2,077,537 1,191,985 57% 2,108,537 31,000 City Council 376,082 407,588 330,296 358,645 163,152 45% 358,645 - City Manager 385,675 360,115 496,216 490,186 251,509 51% 493,186 3,000 Legal 284,709 154,562 209,134 273,000 94,218 35% 273,000 - Administrative Services 700,608 682,878 685,122 766,299 349,620 46% 772,299 6,000 Finance 1,054,307 1,119,462 1,114,284 1,191,122 620,795 52% 1,196,622 5,500 Workers Comp/General Liability 1,084,650 1,077,619 1,135,659 1,265,554 1,047,167 83% 1,265,554 - Non-Department 756,736 362,474 260,000 615,934 399,983 65% 615,934 - Transfers Out 205,099 214,976 423,542 330,000 328,981 100% 330,000 - 15,495,101 14,448,671 15,719,666 16,383,422 9,140,669 56% 16,537,922 154,500 FY 22-23 Activities
thru 12/31/2022
1 FY 22-23 Mid-Year Budget Update
General Fund - Budget Summary
FY 19-20 FY 20-21 FY 21-22 FY 22-23 FY 22-23
Audited
Actuals
Audited
Actuals
Audited
Actuals
Adopted
Budget
6-Months
Actuals % Used
Mid-Year
Update
Proposed
Mid-Year
Adjustments
FY 22-23 Activities
thru 12/31/2022
Net Annual Activity
Baseline Operations 757,804 1,564,532$ 2,991,774$ 532,578$ (707,609)$ 778,078$ 245,500 One-Time Revenues 1,723,486 600,750 1,431,000 - - - - One-Time Expenditures (3,046,245) (1,873,567) (2,652,580) (786,025) (125,000) 16% (786,025) - Net of One-Time Activities (1,322,759) (1,272,817) (1,221,580) (786,025) (125,000) 16% (786,025) - Ending Available Balance (Before ARPA) 1,847,113 2,138,828 3,909,022 699,578 969,308 245,500 American Rescue Plan Act (ARPA)
Beginning Available Balance $0 $0 $0 $1,897,838 2,057,389 One-Time ARPA (Loss of Revenue) 3,142,889 - - 3,142,889 One-Time ARPA Expenditures (1,085,500) (225,000) - 0% (525,000) Net of ARPA - - 2,057,389 (225,000) - 2,617,889 Ending Available Balance - - 2,057,389 1,672,838 4,675,278 Operating Reserve:
Beginning Balance 3,797,650 2,764,975$ 4,209,129$ 4,209,129$ 4,222,158$ Interest Earned 174,612 13,029
Ending Balance 2,764,975 4,209,129$ 4,222,158$ 4,209,129$ 4,222,158$ % of Projected Operating Expenditures 18% 29% 27% 26% 26% 2