General Fund
Fund Summary - 100
Fund Description / Budget Highlights
Fund Activity
FY 21-22 FY 22-23 FY 23-24
Actual Actual Budget
6 Months
Actual %
Beginning Available Balance 2,138,829 977,254 $ 1,808,562 1,808,562$ 0% Revenues
Taxes
Utility User Tax 3,828,410 3,996,274 3,756,633 1,916,393 51% Sales Tax 6,263,066 6,192,500 6,178,700 3,208,828 52% Property Taxes 1,524,791 1,638,581 1,603,000 841,216 52% Franchise Fees 970,054 988,108 923,100 343,826 37% Business Licenses 257,289 274,540 279,480 65,405 23% Transfer Tax 199,673 120,539 148,920 26,717 18% Transient Occupancy Tax 25,778 30,518 116,280 8,542 7% Vehicle License Fee (VLF) and Other
Intergovernmental 2,391,327 2,527,866 2,561,220 1,287,808 50% Fines & Forefeitures 48,663 46,057 38,760 7,231 19% Program Revenues -
Community Development 329,134 349,874 173,075 65,079 38% Parks and Recreation 1,034,173 1,423,642 1,300,640 598,576 46% Police 136,878 196,189 116,700 24,245 21% Public Works 10,464 30,776 38,760 17,075 44% Other 6,723 12,231 11,220 2,649 24% Use of Money & Property 347,905 794,570 292,320 226,819 78% Cost allocated to other funds 624,568 588,529 736,352 370,169 50% Transfers In 396,816 150,000 156,727 156,727 100% 18,395,712 19,360,794 18,431,887 9,167,305 50%
Expenditures
Police 7,759,504 8,430,069 8,367,070 4,207,961 50% Public Works 313,571 417,265 454,663 217,987 48% Community Development 724,190 511,989 933,497 300,560 32% Parks and Recreation 1,952,419 2,408,847 2,494,876 1,184,024 47% City Council 330,296 329,843 335,677 133,769 40% City Manager 496,216 491,141 496,565 226,415 46% Human Resources 308,009 258,427 385,440 184,753 48% Legal 209,134 193,487 281,190 82,690 29% City Clerk 377,112 408,679 514,940 136,032 26% 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 21-22 FY 22-23 FY 23-24
Actual Actual Budget
6 Months
Actual %
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.
Finance 1,114,284 1,281,043 1,309,702 643,510 49% Workers Comp/General Liability 1,135,659 1,241,404 1,467,349 1,216,969 83% Non-Department 260,000 260,000 260,000 100,000 38% Transfers Out (Debt Service Obligations) 423,542 822,559 799,212 235,897 30% 15,403,936 17,054,753 18,100,181 8,870,567 49%
Net Annual Activity
Ongoing Operations 2,991,776 2,306,041 331,706 $ 296,738$ One-Time Revenues 1,431,000 169,461 - - 0% One-Time Expenditures (2,652,580) (1,644,194) (229,250) (212,379) 93% Reserve per Council Policy (2,931,771) (196,887) (196,887) 100% Ending Available Balance 977,254$ 1,808,562$ 1,714,131$ 1,696,034$ Operating Reserve:
Beginning Balance 4,034,517 4,209,129 4,222,158$ 4,222,158$ Current Year Contribution 196,887 196,887 100% Interest Earned 174,612 13,029 106,000 103,982 98% Ending Balance 4,209,129 4,222,158 4,525,045$ 4,523,027$ % of Projected Operating Expenditures 27% 25% 25%