CITY OF LAKE ELSINORE, CALIFORNIA
SUMMARY OF REVENUES, EXPENDITURES, AND CHANGE IN FUND BALANCE FY2024-25 UNAUDITED - GENERAL FUND FINANCIAL REPORT
FY23-24
ACTUALS
FY 24-25
CURRENT
BUDGET
FY24-25 YTD
ACTUALS @
12/31/24
FY24-25
MIDYEAR
BUDGET $Inc/(Dec) % Inc/ (Dec)
Revenues:
Sales Tax 15,565,562 $ 17,087,000 $ 4,872,339 $ 16,687,000 $ (400,000) $ -2.34% Property Tax 11,305,500 11,614,320 1,252,248 11,752,020 137,700 1.19% Franchise Tax 3,394,285 2,883,910 655,008 2,883,910 - 0.00% Building Permit Fee 2,090,044 1,462,920 903,442 1,811,920 349,000 23.86% Property Transfer Tax 337,420 378,640 164,183 378,640 - 0.00% Other Taxes 645,349 639,470 208,795 639,470 - 0.00% Licenses & Permits 2,421,732 2,104,390 2,760,079 2,709,390 605,000 28.75% Intergovernmental 500,792 516,800 179,101 616,800 100,000 19.35% Fees 3,656,772 6,337,620 2,050,906 6,096,420 (241,200) -3.81% Fines & Forfeitures 915,289 1,016,670 372,244 917,670 (99,000) -9.74% Tax Credit 5,245,343 5,382,550 18,800 5,382,550 - 0.00% Investment Earnings 1,198,322 423,330 610,998 823,330 400,000 94.49% Reimbursements & Other 12,809,881 12,598,200 1,762,455 13,122,100 523,900 4.16% Special Assessments 6,694,803 7,194,960 - 7,194,960 - 0.00% Reimbursements - Public Safety 376,840 532,570 157,661 532,570 - 0.00% Reimbursements - Street Program 1,000,000 1,000,000 - 1,000,000 - 0.00% Total Revenues 68,157,936 71,173,350 15,968,259 72,548,750 1,375,400 1.93% Expenditures by Department:
General Government:
City Council 328,284$ 354,770 $ 151,499 $ 386,560 $ 31,790 $ 8.96% Community Support 560,637 604,260 264,906 645,280 41,020 6.79% City Clerk 777,149 1,095,020 385,559 1,124,900 29,880 2.73% City Attorney 544,939 675,190 4,784 675,190 - 0.00% City Manager 1,423,862 1,333,230 718,220 1,389,040 55,810 4.19% Administrative Services
Finance 1,509,782 1,666,310 808,775 1,766,370 100,060 6.00% Human Resources 651,007 790,530 344,508 811,750 21,220 2.68% Public Safety:
Police Services 17,972,348 19,531,030 5,470,365 19,531,910 880 0.00% Fire Services 11,345,582 12,136,450 124,393 12,176,720 40,270 0.33% Animal Services 947,283 1,209,040 739,124 1,230,040 21,000 1.74% Emergency Services 354,311 431,460 182,492 441,420 9,960 2.31% Community Development:
Planning 1,703,352 2,242,660 833,286 2,309,960 67,300 3.00% Building & Safety 1,437,059 1,729,510 721,695 1,812,220 82,710 4.78% Code Enforcement 2,184,964 2,201,690 1,085,058 2,269,360 67,670 3.07% Economic Development 642,684 1,103,010 476,757 1,122,930 19,920 1.81% Fire Prevention 699,071 894,900 145,654 910,740 15,840 1.77% Public Services:
Engineering 3,118,673 4,133,950 1,388,245 4,241,200 107,250 2.59% Public Works 4,796,649 4,808,110 2,171,786 5,022,100 213,990 4.45% Park Maintenance 3,562,563 4,031,600 1,772,130 4,067,600 36,000 0.89% Lake Maintenance 1,528,887 1,362,060 1,432,013 1,419,060 57,000 4.18% Community Services:
Recreation 1,679,649 2,297,450 1,210,437 2,384,170 86,720 3.77% Community Center 905,464 1,395,710 520,063 1,449,220 53,510 3.83% Senior Center 745,921 910,810 370,663 956,560 45,750 5.02% Neighborhood Center 746,861 1,039,070 406,891 1,094,620 55,550 5.35% Non-Departmental - Operating 6,418,083 3,195,530 740,492 3,309,830 114,300 3.58% Total Expenditures 66,585,066 71,173,350 22,469,795 72,548,750 1,375,400 1.93% Excess of Revenues Over
(Under) Expenditures 1,572,870 - (6,501,536) - - Operating Transfers:
Operating Transfers In - - - - - Operating Transfers out - - - - - Excess of Revenues Over (Under)
Expenditures & Op Transfers
In/(Out) 1,572,870 - (6,501,536) - -
CITY OF LAKE ELSINORE, CALIFORNIA
SUMMARY OF REVENUES, EXPENDITURES, AND CHANGE IN FUND BALANCE FY2024-25 UNAUDITED - GENERAL FUND FINANCIAL REPORT
FY23-24
ACTUALS
FY 24-25
CURRENT
BUDGET
FY24-25 YTD
ACTUALS @
12/31/24
FY24-25
MIDYEAR
BUDGET $Inc/(Dec) % Inc/ (Dec)
Estimated Year-End Adjustments
Fund Balance, Beg. of Year 19,268,715 20,841,585 20,841,585 20,841,585 Fund Balance, End of Year 20,841,585$ 20,841,585 $ 14,340,049 $ 20,841,585 $ Detail of Fund Balance
Nonspendable:
Deposits and prepaid items 74,681$ 74,681 $ 74,681 $ 74,681 $ Loans Receivable 1,000,000 1,000,000 1,000,000 1,000,000 Assigned
Uncertainty reserve (20%) 13,317,013 14,234,670 4,493,959 14,509,750 Unassigned
Unallocated reserve 6,449,891 5,532,234 8,771,409 5,257,154 Total Fund Balance (net) 20,841,585$ 20,841,585 $ 14,340,049 $ 20,841,585 $