CITY OF LAKE ELSINORE, CALIFORNIA
FY22-23
ACTUALS
FY23-24
CURRENT
BUDGET
FY23-24 YTD
ACTUALS @
12/31/23
FY23-24
MIDYEAR
BUDGET $Inc/(Dec) % Inc/ (Dec)
Revenues:
Sales Tax 15,746,683 $ 17,543,480 $ 5,276,583 $ 17,543,480 $ - $ 0.00% Property Tax 10,453,295 11,144,290 1,188,405 11,237,300 93,010 0.83% Franchise Tax 3,302,290 2,797,910 641,070 2, 799,910 2,000 0.07% Building Permit Fee 953,803 1, 219,970 757,305 1, 420,310 200,340 16.42% Property Transfer Tax 368,479 517,610 125,561 367,610 ( 150,000) -28.98% Other Taxes 657,963 570,840 210,970 620,840 50,000 8.76% Licenses & Permits 1,901,867 2,388,390 3,491,396 2,043,390 (345,000) -14.44% Intergovernmental 347,004 193,490 266,393 443,490 250,000 129.21% Fees 3,614,438 5,993,910 1,551,671 5,944,390 (49,520) -0.83% Fines & Forfeitures 843,740 987,050 327,247 987,050 - 0.00% Tax Credit 3,869,416 4,248,380 864,830 4, 248,380 - 0.00% Investment Earnings 435,013 311,000 168,527 411,000 100,000 32.15% Reimbursements & Other 9,332,069 12,064,860 903,554 12, 582,660 517,800 4.29% Special Assessments 5,957,127 6,989,360 28,815 6, 989,360 - 0.00% Reimbursements - Public Safety 352,586 517,060 81,531 517, 060 - 0.00% Reimbursements - Street Program 800,000 1, 000,000 - 1, 000,000 - 0.00% Total Revenues 58,935,773 68,487,600 15,883,859 69,156,230 668,630 0.98% Expenditures by Department:
General Government:
City Council 291,610$ 317,370 $ 182,737 $ 317,370 $ - $ 0.00% Community Support 405,457 623,690 213,809 624,060 370 0.06% City Treasurer - - - - - 0.00% City Clerk 741,437 901,100 334,087 901,650 550 0.06% City Attorney 851,967 676,210 4,112 676, 210 - 0.00% City Manager 1,338,511 1,303,780 682,467 1, 396,520 92,740 7.11% Administrative Services
Finance 1,391,476 1,706,430 664,305 1, 707,600 1,170 0.07% Human Resources 542,186 725,220 270,025 725,650 430 0.06% Public Safety:
Police Services 16,727,969 18,652,220 3,902,188 18,652,220 - 0.00% Fire Services 9,409,288 11,004,250 110,311 11, 004,250 - 0.00% Animal Services 906,465 987,500 552,092 984,500 (3,000) -0.30% Emergency Services 417,931 422,450 130,135 422,630 180 0.04% Community Development:
Planning 1,966,663 2,811,460 791,823 2, 714,590 (96,870) -3.45% Building & Safety 1,517,827 1,746,360 651,033 1, 747,650 1,290 0.07% Code Enforcement 1,711,941 2,176,410 976,578 2, 227,440 51,030 2.34% Economic Development 339,820 644,170 226,288 644,540 370 0.06% Fire Prevention 575,673 846,030 99,192 846, 770 740 0.09% Public Services:
Engineering 3,157,786 3,950,420 1,335,423 3,953,000 2,580 0.07% Public Works 4,254,745 5,257,650 1,751,861 5,263,920 6,270 0.12% Park Maintenance 3,417,791 4,061,510 1,688,524 4,061,510 - 0.00% Lake Maintenance 1,364,283 1,371,520 1,008,749 1,371,520 - 0.00% Community Services:
Recreation 1,381,043 1,882,230 805,400 2, 383,470 501,240 26.63% Community Center 869,954 1, 113,740 345,368 1, 165,950 52,210 4.69% Senior Center 692,979 825,630 302,644 856,740 31,110 3.77% Neighborhood Center 650,318 1, 036,850 - 1, 063,070 26,220 2.53% Non-Departmental - Operating 3,119,647 3,443,400 691,412 3, 443,400 - 0.00% Total Expenditures 58,044,767 68,487,600 18,045,790 69,156,230 668,630 0.98% Excess of Revenues Over
(Under) Expenditures 891,006 - (2, 161,931) - - Operating Transfers:
Operating Transfers In - - - - - Operating Transfers out - - - - - Excess of Revenues Over (Under)
Expenditures & Op Transfers
In/(Out) 891,006 - (2, 161,931) - - Estimated Year-End Adjustments
Fund Balance, Beg. of Year 18,377,710 19,268,716 19,268,716 19,268,716
SUMMARY OF REVENUES, EXPENDITURES, AND CHANGE IN FUND BALANCE FY2023-24 UNAUDITED - GENERAL FUND FINANCIAL REPORT
CITY OF LAKE ELSINORE, CALIFORNIA
FY22-23
ACTUALS
FY23-24
CURRENT
BUDGET
FY23-24 YTD
ACTUALS @
12/31/23
FY23-24
MIDYEAR
BUDGET $Inc/(Dec) % Inc/ (Dec)
SUMMARY OF REVENUES, EXPENDITURES, AND CHANGE IN FUND BALANCE FY2023-24 UNAUDITED - GENERAL FUND FINANCIAL REPORT
Fund Balance, End of Year 19,268,716$ 19,268,716 $ 17,106,785 $ 19,268,716 $ Detail of Fund Balance
Nonspendable:
Deposits and prepaid items 33,177$ 33,177 $ 33,177 $ 33,177 $ Loans Receivable 1,000,000 1,000,000 1,000,000 1,000,000 Assigned
Uncertainty reserve (20%) 11,608,953 13,697,520 3,609,158 13,831,246 Unassigned
Unallocated reserve 6,626,586 4,538,019 12,464,450 4,404,293 Total Fund Balance (net) 19,268,716$ 19,268,716 $ 17,106,785 $ 19,268,716 $