General Fund
Fund Summary - 100
Fund Description / Budget Highlights
Fund Activity
FY 20-21 FY 21-22 FY 22-23
Audited Actual Audited Actual Budget
Unaudited
Actual Variance
Beginning Available Balance $ 1,847,113 $ 2,138,829 $ 977,254 977,254$ - $ Revenues
Taxes
Utility User Tax 3,590,649 3,828,410 3,589,000 3,996,274 407,274 Sales Tax 4,775,496 6,263,066 5,398,000 6,192,500 794,500 Property Taxes 1,451,716 1,524,791 1,571,000 1,638,581 67,581 Franchise Fees 862,104 970,054 905,000 988,108 83,108 Business Licenses 268,697 257,289 274,000 274,540 540 Transfer Tax 126,488 199,673 146,000 120,539 (25,461) Transient Occupancy Tax 7,635 25,778 114,000 30,518 (83,482) Vehicle License Fee (VLF) and Other
Intergovernmental 2,285,392 2,391,327 2,511,000 2,527,866 16,866 Fines & Forefeitures 36,586 48,663 38,000 46,057 8,057 Program Revenues -
Community Development 824,891 329,134 285,000 349,874 64,874 Parks and Recreation 396,290 1,034,173 1,156,000 1,423,642 267,642 Police 65,915 136,878 139,000 196,189 57,189 Public Works 46,908 10,464 38,000 30,776 (7,224) Other 10,571 6,723 11,000 12,231 1,231 Use of Money & Property 511,188 347,905 286,000 794,570 508,570 Cost allocated to other funds 602,677 624,568 684,000 588,529 (95,471) Transfers In 150,000 396,816 150,000 150,000 - 16,013,203 18,395,712 17,295,000 19,360,794 2,065,794 Expenditures
Police 7,463,163 7,759,504 8,447,501 8,430,069 17,432 Public Works 292,566 313,571 447,026 417,265 29,761 Community Development 788,933 724,190 556,443 511,989 44,454 Parks and Recreation 1,422,635 1,952,419 2,119,184 2,408,847 (289,663) City Council 407,588 330,296 345,630 329,843 15,787 City Manager 358,241 496,216 605,623 491,141 114,482 Human Resources 239,395 308,009 337,075 258,427 78,648 Legal 154,562 209,134 273,000 193,487 79,513 City Clerk 438,344 377,112 453,700 408,679 45,021 Finance 1,100,735 1,114,284 1,281,897 1,281,043 854 Workers Comp/General Liability 1,076,945 1,135,659 1,265,554 1,241,404 24,150 Non-Department 255,536 260,000 260,000 260,000 - Transfers Out 321,914 423,542 801,513 822,559 (21,046) 14,320,557 15,403,936 17,194,146 17,054,753 139,393 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.
General Fund
Fund Summary - 100
Fund Description / Budget Highlights
Fund Activity
FY 20-21 FY 21-22 FY 22-23
Audited Actual Audited Actual Budget
Unaudited
Actual Variance
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.
Net Annual Activity
Ongoing Operations 1,692,646 2,991,776 100,854 2,306,041 2,205,187 One-Time Revenues 600,750 1,431,000 169,461 169,461 - One-Time Expenditures (2,001,680) (2,652,580) (1,157,020) (1,644,194) (487,174) Reserve per Council Policy (2,931,771)
Ending Available Balance 2,138,829$ 977,254 90,549$ 1,808,562$ 1,718,013$ Operating Reserve:
Beginning Balance 4,034,517$ 4,209,129$ 4,222,158$ 4,222,158$ Current Year Contribution
Interest Earned 174,612 13,029 103,221 Ending Balance 4,209,129$ 4,222,158$ 4,222,158$ 4,325,379$ % of Projected Operating
Expenditures 29% 27% 25% 25%