CITY OF LAKE ELSINORE, CALIFORNIA
SUMMARY OF REVENUES, EXPENDITURES, AND CHANGE IN FUND BALANCE FY2025-26 UNAUDITED - GENERAL FUND FINANCIAL REPORT
FY22-23
ACTUALS
FY23-24
ACTUALS
FY24-25
ADOPTED
BUDGET
FY25-26
PROPOSED
BUDGET $Inc/(Dec) % Inc/ (Dec)
Revenues:
Sales Tax 15,746,683 $ 15,565,562 $ 16,622,230 $ 16,127,500 $ (494,730) $ -2.98% Property Tax 10,453,295 11,305,500 11,783,690 12,476,230 692,540 5.88% Franchise Tax 3,302,290 3,394,285 2,883,910 3,605,000 721,090 25.00% Building Permit Fee 953,803 2,090,044 1,809,920 1,740,000 (69,920) -3.86% Property Transfer Tax 368,479 337,420 378,640 400,000 21,360 5.64% Other Taxes 657,963 645,349 639,470 639,470 - 0.00% Licenses & Permits 1,901,867 2,421,732 2,719,390 3,089,000 369,610 13.59% Intergovernmental 347,004 500,792 619,900 539,580 (80,320) -12.96% Fees 3,614,438 3,656,772 6,088,420 5,839,040 (249,380) -4.10% Fines & Forfeitures 843,740 915,289 916,670 1,033,860 117,190 12.78% Tax Credit 3,869,416 5,245,343 5,382,550 5,382,550 - 0.00% Investment Earnings 435,013 1,198,322 823,330 850,000 26,670 3.24% Reimbursements & Other 9,332,069 12,809,881 13,703,100 16,468,490 2,765,390 20.18% Special Assessments 5,957,127 6,694,804 6,644,960 7,975,510 1,330,550 20.02% Reimbursements - Public Safety 352,586 376,840 532,570 320,000 (212,570) -39.91%
Reimbursements - Street Program 800,000 1,000,000 1,000,000 1,000,000 - 0.00% Total Revenues 58,935,773 68,157,936 72,548,750 77,486,230 4,937,480 6.81% Expenditures by Department:
General Government:
City Council 291,612$ 328,284 $ 386,560 $ 434,240 $ 47,680 $ 12.33% Community Support 405,457 560,637 645,280 661,610 16,330 2.53% City Clerk 741,437 777,149 1,124,900 966,430 (158,470) -14.09% City Attorney 851,967 544,939 675,190 676,750 1,560 0.23% City Manager 1,338,511 1,423,862 1,389,040 1,440,980 51,940 3.74% Administrative Services
Finance 1,391,476 1,509,782 1,766,370 1,872,140 105,770 5.99% Human Resources 542,186 651,007 811,750 1,069,230 257,480 31.72% Public Safety:
Police Services 16,727,969 17,972,348 19,531,910 22,384,110 2,852,200 14.60% Fire Services 9,409,288 11,345,582 12,176,720 13,250,020 1,073,300 8.81% Animal Services 906,465 947,283 1,230,040 1,238,050 8,010 0.65% Emergency Services 417,936 354,311 441,420 530,620 89,200 20.21% Community Development:
Planning 1,966,663 1,703,352 2,309,960 2,276,110 (33,850) -1.47% Building & Safety 1,517,827 1,437,059 1,812,220 1,835,550 23,330 1.29% Code Enforcement 1,711,941 2,184,964 2,269,360 2,352,110 82,750 3.65% Economic Development 339,820 642,684 1,122,930 1,102,190 (20,740) -1.85% Fire Prevention 575,673 699,071 910,740 939,880 29,140 3.20% Public Services:
Engineering 3,157,786 3,118,673 4,241,200 4,325,450 84,250 1.99% Public Works 4,254,745 4,796,649 5,022,100 5,343,470 321,370 6.40% Park Maintenance 3,417,791 3,562,563 4,067,600 4,262,760 195,160 4.80% Lake Maintenance 1,364,282 1,528,887 1,419,060 1,426,450 7,390 0.52% Community Services:
Recreation 1,381,043 1,679,649 2,384,170 2,706,790 322,620 13.53% Community Center 869,954 905,464 1,449,220 1,264,320 (184,900) -12.76% Senior Center 692,979 745,921 956,560 934,170 (22,390) -2.34% Neighborhood Center 650,318 746,861 1,094,620 928,020 (166,600) -15.22% Non-Departmental - Operating 3,119,643 6,418,083 3,309,830 3,264,780 (45,050) -1.36% Total Expenditures 58,044,769 66,585,064 72,548,750 77,486,230 4,937,480 6.81% Excess of Revenues Over
(Under) Expenditures 891,004 1,572,871 - - - Operating Transfers:
Operating Transfers In - - - - - Operating Transfers out - - - - -
CITY OF LAKE ELSINORE, CALIFORNIA
SUMMARY OF REVENUES, EXPENDITURES, AND CHANGE IN FUND BALANCE FY2025-26 UNAUDITED - GENERAL FUND FINANCIAL REPORT
FY22-23
ACTUALS
FY23-24
ACTUALS
FY24-25
ADOPTED
BUDGET
FY25-26
PROPOSED
BUDGET $Inc/(Dec) % Inc/ (Dec)
Excess of Revenues Over (Under)
Expenditures & Op Transfers
In/(Out) 891,004 1,572,871 - - - Estimated Year-End Adjustments
Fund Balance, Beg. of Year 18,377,710 19,268,714 20,841,585 20,841,585 Fund Balance, End of Year 19,268,714$ 20,841,585 $ 20,841,585 $ 20,841,585 $ Detail of Fund Balance
Nonspendable:
Deposits and prepaid items 23,690$ 74,681 $ 74,681 $ 74,681 $ Loans Receivable 1,000,000 1,000,000 1,000,000 1,000,000 Assigned
Uncertainty reserve (20%) 11,608,954 13,317,013 14,509,750 15,497,246 Unassigned
Unallocated reserve 6,636,070 6,449,891 5,257,154 4,269,658 Total Fund Balance (net) 19,268,714$ 20,841,585 $ 20,841,585 $ 20,841,585 $