General Fund
Fund Summary - 100
Fund Description / Budget Highlights
Fund Activity
FY 22-23 FY 23-24
Actual Actual
Adopted
Budget
6 Months
Actual
%
Used
Revenues
Taxes
Utility User Tax 3,996,274 4,011,166 3,988,000 2,060,010 52% Sales Tax 6,192,500 5,753,278 6,296,000 3,130,763 50% Property Taxes 1,638,581 1,658,630 1,641,000 961,471 59% Franchise Fees 988,108 972,391 979,000 428,725 44% Business Licenses 274,540 292,733 282,000 33,675 12% Transfer Tax 120,539 90,359 150,000 44,021 29% Transient Occupancy Tax 30,518 29,590 215,000 64,044 30% Vehicle License Fee (VLF) 2,456,818 2,556,439 2,614,000 - 0% Intergovernmental 71,048 94,391 41,000 16,117 39% Fines & Forefeitures 46,057 34,409 45,000 20,986 47% Program Revenues
Community Development 246,520 224,004 198,000 101,649 51% Parks and Recreation 1,423,642 1,648,866 1,466,350 746,084 51% Police 196,189 88,348 115,000 54,440 47% Public Works 30,776 32,054 31,000 6,659 21% Other 12,231 6,377 12,000 6,011 50% Investment Income 564,014 1,412,799 564,000 - 0% Tower & Property Lease 230,556 210,368 235,000 107,803 46% Cost allocated to other funds 588,529 667,863 786,917 394,409 50% Transfers In 150,000 406,727 176,556 88,278 50% Total Ongoing Revenues 19,257,440 20,190,792 19,835,823 8,265,145 42% Expenditures
Police 8,430,069 9,043,290 9,124,961 4,874,580 53% Public Works 417,265 432,333 429,968 216,847 50% Community Development 408,635 719,579 1,014,244 454,729 45% Parks and Recreation 2,408,847 2,673,550 2,591,807 1,525,393 59% City Council 329,843 305,915 360,263 158,624 44% City Manager 491,141 525,815 505,924 261,026 52% Human Resources 258,427 465,665 418,143 271,922 65% Legal 193,487 223,043 289,600 91,292 32% City Clerk 408,679 339,370 502,690 182,808 36% Finance 1,281,043 1,342,588 1,403,994 677,784 48% Workers Comp/General Liability 1,241,404 1,480,421 1,705,666 1,470,142 86% Non-Department 260,000 260,000 260,000 130,000 50% 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.
FY 24-25
General Fund
Fund Summary - 100
Fund Description / Budget Highlights
Fund Activity
FY 22-23 FY 23-24
Actual Actual
Adopted
Budget
6 Months
Actual
%
Used
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.
FY 24-25
Transfers Out (Debt Service Obligations) 822,559 799,213 798,457 798,457 100% Total Ongoing Expenditures 16,951,399 18,610,782 19,405,717 11,113,604 57% Net Annual Activity
Ongoing Operations 2,306,041 1,580,010 430,106 $ (2,848,459)$ One-Time Revenues 169,461 481,717 - - 0% One-Time Expenditures (1,644,194) (991,639) (40,000) - 0% Outstanding Encumbrances (626,897)
Annual - Surplus (Deficit) 831,308 443,191 390,106 (2,848,459) Transfer to Reserve (per Council Policy)
Operating Reserve 25% 110,798 97,527
Section 115 Trust (Pension) 25% 110,798 97,527 Capital Projects 50% 221,595 195,052
443,191 390,106
Operating Reserve:
Beginning Balance 4,222,158 4,326,140 4,652,460$ Current Year Contribution 110,798 97,527
Interest Income 103,982 173,069 113,000
Ending Balance 4,326,140$ 4,610,007$ 4,862,987$
% of Operating Expenditures 26% 25% 25%
General Fund
Expenditure by Category
FY 22-23 FY 23-24
Actual Actual Adopted
Budget
6-Month
Actual
% Used
Expenditures by Category
Police
Salaries & Benefits 6,254,106 6,730,648 7,149,757 3,599,378 50% Contractual Services 924,130 1,089,136 765,700 562,372 73% Other Operating Expenditures 438,833 433,327 319,600 267,878 84% Cost Allocation 813,000 790,179 889,904 444,952 50% 8,430,069 9,043,290 9,124,961 4,874,580 53% Public Works
Salaries & Benefits 52,600 35,457 38,714 18,799 49% Contractual Services 247,069 252,702 270,283 136,330 50% Other Operating Expenditures 23,596 54,853 26,997 14,731 55% Cost Allocation 94,000 89,320 93,974 46,987 50% 417,265 432,332 429,968 216,847 50% Community Development
Salaries & Benefits 170,314 375,188 582,488 281,198 48% Contractual Services 145,427 249,835 317,802 119,513 38% Other Operating Expenditures 5,894 11,779 20,261 7,171 35% Cost Allocation 87,000 82,777 93,693 46,847 50% 408,635 719,579 1,014,244 454,729 45% Parks & Recreation
Salaries & Benefits 1,660,117 1,847,313 1,792,879 1,056,828 59% Contractual Services 314,003 423,759 359,700 246,222 68% Other Operating Expenditures 74,427 95,495 99,600 52,529 53% Cost Allocation 360,300 306,983 339,628 169,814 50% 2,408,847 2,673,550 2,591,807 1,525,393 59% City Council
Salaries & Benefits 71,066 75,146 75,625 37,811 50% Contractual Services 1,231 22,923 41,200 800 2% Other Operating Expenditures 48,546 30,922 49,900 23,244 47% Cost Allocation 209,000 176,924 193,538 96,769 50% 329,843 305,915 360,263 158,624 44% City Manager
Salaries & Benefits 270,897 295,895 313,289 157,764 50% Contractual Services 123,724 132,659 72,500 49,226 68% Other Operating Expenditures 17,520 23,320 37,400 12,668 34% Cost Allocation 79,000 73,941 82,735 41,368 50% 491,141 525,815 505,924 261,026 52% Human Resources
Salaries & Benefits 164,755 124,899 263,425 134,816 51% Contractual Services 44,550 289,654 83,900 103,069 123% Other Operating Expenditures 8,122 8,163 21,900 9,578 44% Cost Allocation 41,000 42,949 48,918 24,459 50% 258,427 465,665 418,143 271,922 65% Legal
Contractual Services 193,487 223,043 289,600 91,292 32% 193,487 223,043 289,600 91,292 32% City Clerk
Salaries & Benefits 199,918 214,886 244,095 111,465 46% Contractual Services 100,165 24,306 139,400 13,923 10% Other Operating Expenditures 27,596 24,212 34,100 14,872 44% Cost Allocation 81,000 75,966 85,095 42,548 50% FY 24-25
General Fund
Expenditure by Category
FY 22-23 FY 23-24
Actual Actual Adopted
Budget
6-Month
Actual
% Used
Expenditures by Category
FY 24-25
408,679 339,370 502,690 182,808 36% Finance
Salaries & Benefits 606,452 663,783 680,550 339,958 50% Contractual Services 251,589 259,902 289,000 118,417 41% Other Operating Expenditures 262,002 274,338 274,000 139,187 51% Cost Allocation 161,000 144,566 160,444 80,222 50% 1,281,043 1,342,589 1,403,994 677,784 48% Worker's Compensation/General Liability
Salaries & Benefits 32,199 31,760 34,385 17,283 50% Contractual Services 1,209,205 1,448,661 1,671,281 1,452,859 87% 1,241,404 1,480,421 1,705,666 1,470,142 86% Non-Departmental
Debt Service - CalHFA 200,000 200,000 200,000 100,000 50% SOMAR benefit payments 60,000 60,000 60,000 30,000 50% 260,000 260,000 260,000 130,000 50% Transfers Out
SunTrust Loan (Final Payment) 102,549
Engie Equipment Lease 226,432 235,897 235,027 235,027 100% Debt Service - 2020 PFA Lease Revenue
Refunding Bonds
365,949 563,316 563,430 563,430 100% Other Transfers 127,629
822,559 799,213 798,457 798,457 100% Total, On-going Expenditures 16,951,399 18,610,782 19,405,717 11,113,604 57% City of Hercules
FY 23-24 General Fund
Available Cash Balance Calculations
Total
FY 23-24 Reserve FY 23-24
Audited Policy Audited
Cash Balance, as reported in the ACFR 30,056,991$ $30,056,991 Current Liabilities
Accounts Payable (609,517) $ ($609,517)
Accrued Wages (217,009) $ ($217,009)
Deposit Payable (1,158,545) $ ($1,158,545)
Claims Payable (495,446) $ ($495,446)
Unavailable Revenue (24,837) $ ($24,837)
Leases (389,990) $ ($389,990)
General Fund Set-Aside
Partial Payment to CalHFA Loans - RDA Settlement (2,500,000)$ ($2,500,000) Hercules HUB (Earmarked for the HUB Local Match) (3,000,000)$ ($3,000,000) Former RDA Project Negative Cash Balance (3,400,000)$ ($3,400,000) Programs and Projects (4,200,238) $ ($4,200,238)
General Fund Reserve & Designations
Reserve for Earthquake Insurance Deductible (500,000)$ ($500,000) Reserve for Capital Projects - RDA Settlement (5,384,421)$ ($5,384,421) Reserve for Capital Projects - General Fund (621,997)$ (221,595) ($843,592) Reserve for Reusable Bags (remaining) (13,930)$ ($13,930) Reserve for PEG Fees (274,000) $ ($274,000)
Reserve for Economic Uncertainty (25% target) (4,499,209)$ (110,798)$ ($4,610,007) Outstanding Encumbrance (626,897) $ ($626,897)
Available Cash Balance, June 30, 2024 2,140,955$ (332,393)$ $1,808,562 City of Hercules
FY 23-24 Section 115 Trust (Pension)
Available Cash Balance, as of June 30. 2024
Total
FY 23-24 Reserve FY 23-24
Audited Policy Audited
Section 115 Trust (Pension), Cash Balance $2,391,824 $110,798 $2,502,622