General Fund
Fund Summary - 100
Fund Description / Budget Highlights
Fund Activity
FY 20-21 FY 21-22 FY 22-23 FY 23-24
Actual Actual Projection Proposed
Beginning Available Balance 1,847,113 2,138,828 $ 977,254 848,907 $ Revenues
Taxes
Utility User Tax 3,590,649 3,828,410 3,589,000 3,756,633 Sales Tax 4,775,496 6,263,066 5,398,000 6,178,700 Property Taxes 1,451,716 1,524,791 1,571,000 1,603,000 Franchise Fees 862,104 970,054 905,000 923,100 Business Licenses 268,697 257,289 274,000 279,480 Transfer Tax 126,488 199,673 146,000 148,920 Transient Occupancy Tax 7,635 25,778 114,000 116,280 Vehicle License Fee (VLF) and Other
Intergovernmental 2,285,392 2,391,327 2,511,000 2,561,220 Fines & Forefeitures 36,586 48,663 38,000 38,760 Program Revenues
Community Development 824,891 644,862 306,000 173,075 Parks and Recreation 396,290 1,034,173 1,156,000 1,300,640 Police 65,915 136,878 139,000 116,700 Public Works 46,908 110,559 38,000 38,760 Other 10,571 6,723 11,000 11,220 Use of Money & Property 511,188 347,905 286,000 292,320 Cost allocated to other funds 602,677 624,568 684,000 736,352 Transfers In 150,000 396,816 150,000 156,727 16,013,203 18,811,535 17,316,000 18,431,887
Expenditures
Police 7,463,163 7,758,261 7,881,727 8,367,070 Public Works 292,566 413,667 415,325 454,663 Community Development 788,933 1,039,536 827,093 933,497 Parks and Recreation 1,422,635 1,950,446 2,108,537 2,409,876 City Council 407,588 330,296 358,645 335,677 City Manager 358,241 496,118 493,186 496,565 The General Fund is the City of Hercules Chief Operating Fund. This fund is used to account for all revenues and expenditures necessary to carry out basic governmental activities of the City that are not accounted for through other funds. For the City, the General Fund includes such activities as police, planning, engineering, public works, operations and maintenance, and legal and administrative services.
Attachment 2
General Fund
Fund Summary - 100
Fund Description / Budget Highlights
Fund Activity
FY 20-21 FY 21-22 FY 22-23 FY 23-24
Actual Actual Projection Proposed
The General Fund is the City of Hercules Chief Operating Fund. This fund is used to account for all revenues and expenditures necessary to carry out basic governmental activities of the City that are not accounted for through other funds. For the City, the General Fund includes such activities as police, planning, engineering, public works, operations and maintenance, and legal and administrative services.
Human Resources 239,395 321,921 322,689 385,440 Legal 154,562 209,134 273,000 281,190 City Clerk 438,344 363,201 494,610 514,940 Finance 1,109,710 1,114,284 1,272,022 1,309,702 Workers Comp/General Liability 1,076,945 1,135,659 1,265,554 1,467,349 Non-Department 255,536 260,000 260,000 260,000 Transfers Out (Debt Service
Obligations) 321,914 423,542 685,934 799,212 14,329,532 15,816,065 16,658,322 18,015,181
Net Annual Activity
Ongoing Operations 1,683,671 2,995,470 657,678 $ 416,706 $ One-Time Revenues 600,750 4,573,889 3,142,889 - One-Time Expenditures (1,992,706) (3,741,816) (1,636,025) (179,250) Reserve per Council Policy (2,931,768) (281,637)
Reserve for programs/capital projects (2,057,349) (2,292,889) Ending Available Balance 2,138,828 $ 977,254 848,907 $ 804,726 $ Operating Reserve:
Beginning Balance 4,034,517 4,209,129 4,222,158 $ 4,222,158 $ Current Year Contribution 281,637
Interest Earned 174,612 13,029
Ending Balance 4,209,129 4,222,158 4,222,158 $ 4,503,795 $ % of Projected Operating
Expenditures 29% 27% 25% 25%
Attachment 2