CITY OF LAKE ELSINORE, CALIFORNIA
FY21-22
ACTUALS
FY22-23
ACTUALS
FY23-24
ADOPTED
BUDGET
FY24-25
PROPOSED
BUDGET $Inc/(Dec) % Inc/ (Dec)
Revenues:
Sales Tax 16,445,263 $ 15,746,683 $ 17,543,480 $ 17,087,000 $ (456,480) $ -2.60% Property Tax 9,606,584 10,453,295 11,237,300 11,614,320 377,020 3.36% Franchise Tax 2,901,961 3,302,290 2,799,910 2,883,910 84,000 3.00% Building Permit Fee 1,511,782 953,803 1, 420,310 1,462,920 42,610 3.00% Property Transfer Tax 621,757 368,479 367,610 378,640 11,030 3.00% Other Taxes 779,621 657,963 620,840 639,470 18,630 3.00% Licenses & Permits 1,711,503 1,901,867 2,043,390 2,104,390 61,000 2.99% Intergovernmental 181,362 347,004 443,490 516,800 73,310 16.53% Fees 5,408,860 3,614,438 5,944,390 6,337,620 393,230 6.62% Fines & Forfeitures 881,791 843,740 987,050 1, 016,670 29,620 3.00% Tax Credit 3,722,847 3,869,416 4,248,380 5,382,550 1,134,170 26.70% Investment Earnings (619,754) 435,013 411,000 423,330 12,330 3.00% Reimbursements & Other 7,663,323 9,332,069 12,582,660 12,598,200 15,540 0.12% Special Assessments 5,659,438 5,957,127 6,989,360 7,194,960 205,600 2.94% Reimbursements - Public Safety 391,966 352,586 517,060 532,570 15,510 3.00% Reimbursements - Street Program 800,000 800,000 1, 000,000 1,000,000 - 0.00% Total Revenues 57,668,304 58,935,773 69,156,230 71,173,350 2,017,120 2.92% Expenditures by Department:
General Government:
City Council 240,045$ 291,610 $ 317,370 $ 354,770 $ 37,400 $ 11.78% Community Support 564,015 405,457 624,060 604,260 (19,800) -3.17% City Clerk 703,549 741,437 901,650 1, 095,020 193,370 21.45% City Attorney 667,277 851,967 676,210 675,190 (1,020) -0.15% City Manager 862,325 1, 338,511 1,396,520 1,333,230 (63,290) -4.53% Administrative Services
Finance 1,304,991 1,391,476 1,707,600 1,666,310 (41,290) -2.42% Human Resources 540,819 542,186 725,650 790,530 64,880 8.94% Public Safety:
Police Services 15,876,391 16,727,969 18,652,220 19,531,030 878,810 4.71% Fire Services 8,015,325 9,409,288 11,004,250 12,136,450 1,132,200 10.29% Animal Services 814,818 906,465 984,500 1, 209,040 224,540 22.81% Emergency Services 22,562 417, 936 422,630 431,460 8,830 2.09% Community Development:
Planning 1,328,697 1,966,663 2,714,590 2,242,660 (471,930) -17.38% Building & Safety 1,486,756 1,517,827 1,747,650 1,729,510 (18,140) -1.04% Code Enforcement 1,501,144 1,711,941 2,227,440 2,201,690 (25,750) -1.16% Economic Development 334,526 339,820 644,540 1, 103,010 458,470 71.13% Fire Prevention 496,565 575,673 846,770 894,900 48,130 5.68% Public Services:
Engineering 2,925,212 3,157,786 3,953,000 4,133,950 180,950 4.58% Public Works 3,803,629 4,254,745 5,263,920 4,808,110 (455,810) -8.66% Park Maintenance 2,941,158 3,417,791 4,061,510 4,031,600 (29,910) -0.74% Lake Maintenance 1,203,235 1,364,283 1,371,520 1,362,060 (9,460) -0.69% Community Services:
Recreation 1,150,638 1,381,043 2,383,470 2,297,450 (86,020) -3.61% Community Center 767,923 869,954 1, 165,950 1,395,710 229,760 19.71% Senior Center 492,561 692,979 856,740 910,810 54,070 6.31% Neighborhood Center - 650, 318 1, 063,070 1,039,070 (24,000) -2.26% Campground 484,300 - - - - 0.00% Non-Departmental - Operating 5,497,813 3,119,647 3,443,400 3,195,530 (247,870) -7.20% Total Expenditures 54,026,274 58,044,772 69,156,230 71,173,350 2,017,120 2.92% Excess of Revenues Over
(Under) Expenditures 3,642,030 891,001 - - - Operating Transfers:
Operating Transfers In - - - - - Operating Transfers out - - - - - Excess of Revenues Over (Under)
Expenditures & Op Transfers
In/(Out) 3,642,030 891,001 - - - Estimated Year-End Adjustments
Fund Balance, Beg. of Year 14,735,680 18,377,710 19,268,711 19,268,711
SUMMARY OF REVENUES, EXPENDITURES, AND CHANGE IN FUND BALANCE FY2024-25 UNAUDITED - GENERAL FUND FINANCIAL REPORT
CITY OF LAKE ELSINORE, CALIFORNIA
FY21-22
ACTUALS
FY22-23
ACTUALS
FY23-24
ADOPTED
BUDGET
FY24-25
PROPOSED
BUDGET $Inc/(Dec) % Inc/ (Dec)
SUMMARY OF REVENUES, EXPENDITURES, AND CHANGE IN FUND BALANCE FY2024-25 UNAUDITED - GENERAL FUND FINANCIAL REPORT
Fund Balance, End of Year 18,377,710$ 19,268,711 $ 19,268,711 $ 19,268,711 $ Detail of Fund Balance
Nonspendable:
Deposits and prepaid items 32,002$ 23,690 $ 23,690 $ 23,690 $ Loans Receivable 1,000,000 1,000,000 1,000,000 1,000,000 Assigned
Uncertainty reserve (20%) 10,805,255 11,608,954 13,831,246 14,234,670 Unassigned
Unallocated reserve 6,540,453 6,636,067 4,413,775 4,010,351 Total Fund Balance (net) 18,377,710$ 19,268,711 $ 19,268,711 $ 19,268,711 $