ATTACHMENT 1
1 Fiscal Year 2023-24 Mid-Year Budget Status Report
Fund 100 - General Fund
Adopted
Budget
Amended
Budget
Actuals through
December
Mid-Year
Requests
Proposed
Budget % Change
REVENUES
Sales Tax 18,717,837 18,717,837 4,829,290 18,717,837 0% Property Taxes 25,926,492 25,926,492 5,440,002 - 25,926,492 0% Transient Occupancy Tax 6,500,000 6,500,000 1,959,080 6,500,000 0% Overhead Allocation Transfer In 8,435,008 8,360,008 4,055,004 8,360,008 0% Franchise Fees 3,100,000 3,100,000 1,213,700 3,100,000 0% Property Transfer Tax 750,000 750,000 279,631 750,000 0% Licenses and Permits 865,000 865,000 847,816 35,000 900,000 4% Other Taxes 550,000 550,000 205,382 550,000 0%
Investment Earnings 775,000 775,000 274,902 - 775,000 0% Public Safety Programs 1,743,300 1,743,300 537,693 (522,000) 1,221,300 -30% Fines & Forfeitures 501,000 501,000 231,278 501,000 0%
Public Works Programs 75,500 75,500 26,994 75,500 0%
Recreation Programs 36,000 36,000 20,987 - 36,000 0%
Rental Property 500,000 500,000 161,532 63,000 563,000 13% State/County Grants 250,000 250,000 62,888 - 250,000 0% Federal Grants 200,000 200,000 - 200,000 0%
Other Revenue 186,300 261,300 132,233 - 261,300 0%
Total Revenues 69,111,437 69,111,437 20,278,411 (424,000) 68,687,437 -1%
EXPENDITURES BY CATEGORY
Salaries & Benefits 42,997,821 43,317,617 20,216,039 966,507 44,284,124 2% Operations 23,937,427 24,751,421 9,796,929 661,260 25,412,681 3% Capital - 498,526 764,091 367,000 865,526 74%
Transfers 2,020,000 2,020,000 - - 2,020,000 0%
Total Expenditures 68,955,248 70,587,564 30,777,059 1,994,767 72,582,331 3%
EXPENDITURES BY DEPARTMENT
Non Departmental 10,874,000 10,886,077 5,707,977 310,000 11,196,077 3% City Clerk 1,174,550 1,298,372 424,916 (1,600) 1,296,772 0% City Attorney 1,694,738 1,648,706 721,441 113,900 1,762,606 7% City Manager 5,509,713 5,702,018 1,823,241 76,900 5,778,918 1% Human Resources 1,301,839 1,305,629 586,386 32,300 1,337,929 2% Finance 2,898,375 2,916,596 1,102,126 140,800 3,057,396 5% Police 22,589,432 23,051,604 10,668,794 466,953 23,518,557 2% Fire 11,895,342 12,086,281 5,550,913 529,589 12,615,870 4% Recreation 1,179,426 1,196,412 301,822 60,600 1,257,012 5% Public Works 9,585,008 10,241,016 3,797,979 265,325 10,506,341 3% Engineering 252,825 254,853 91,464 254,853 0%
Total Expenditures 68,955,248 70,587,564 30,777,059 1,994,767 72,582,331 3% Surplus/Deficit 156,189 (1,476,127) (10,498,648) (2,418,767) (3,894,894) Projected Fund Balance (undesignated) 16,098,268.00 14,465,952.00 5,443,431.19 12,047,185.32 Commentary
The decrease in Public Safety Programs revenue is due to an expected decline in mutual aid reimbursement. The increase in Licenses and Permits revenue is expected for business licenses in the remaining fiscal year and the increase in Rental Property revenue is due to a new lease. Requested increases to salaries & benefits cover MOU signing bonuses, as well as part-time, overtime and out-of-class budgets missed at budget adoption. Requested increase for operations is related to abatement of homeless encampments, increased utility rates, and other various small increases across departments. Capital requests are related to purchase of laptops, parking lot improvement budget that was missed at budget adoption and additional appropriations for two projects: 24016 (Dispatch Backup Battery) and 22016 (Aerial Ladder Truck) for anticipated change order before delivery.
ATTACHMENT 1
2 Fund 190 - Federal Transit Management
Adopted Budget Amended Budget
Actuals through
December
Mid-Year
Requests
Proposed
Budget % Change
REVENUES
Charges for Services-Transit 86,250 86,250 47,180 86,250 0% Federal Grants 3,225,229 3,225,229 - 3,225,229 0%
State/County Grants 2,287,592 2,287,592 32,116 2,287,592 0% Investment Earnings 2,200 2,200 - 2,200 0%
Total Revenues 5,601,271 5,601,271 79,296 5,601,271 0%
EXPENDITURES
Salaries & Benefits 339,945 342,361 173,317 5,000 347,361 1% Operations 3,569,339 3,577,263 834,252 3,577,263 0%
Capital 1,691,987 2,191,987 - 2,191,987 0%
Total Expenditures 5,601,271 6,111,611 1,007,569 5,000 6,116,611 0% Surplus/Deficit - (510,340) (928,273) (5,000) (515,340) Projected Fund Balance 966,510 456,170 38,237 451,170
Commentary
Increase to salaries & benefits is due to MOU signing bonuses.
Fund 200 - Recreation
Adopted
Budget
Amended
Budget
Actuals through
December
Mid-Year
Requests
Proposed
Budget % Change
REVENUES
Adult Programs 20,600 20,600 5,127 20,600 0%
Aquatic Programs 239,250 239,250 71,741 239,250
General Recreation 102,725 102,725 18,691 102,725
Misc. Program 513,000 513,000 293,605 (201,763) 311,237 Youth Programs 185,750 185,750 140,181 185,750 0%
Transfers In From 1,400,000 1,400,000 - 1,400,000 0%
Total Revenues 2,461,325 2,461,325 529,345 (201,763) 2,259,562 -8%
EXPENDITURES
Salaries & Benefits 507,233 511,490 504,987 660,000 1,171,490 129% Operations 562,028 563,173 92,993 (50,385) 512,788 -9%
Capital 103,170 - 103,170 0%
Total Expenditures 1,069,261 1,177,833 597,980 609,615 1,787,448 52% Surplus/Deficit 1,392,064 1,283,492 (68,635) (811,378) 472,114 Projected Fund Balance 1,763,525 1,654,953 302,826 843,575 Commentary
Revenues and expenses is projected to decrease due to discontinuing Summer Camp, Afterschool Programs and Youth Day Camps. Part-time expenses were not captured in the FY24 adopted budget. The requested mid-year increase is less than the prior year budgeted amount due to the discontinuation of some youth programs and activities.
ATTACHMENT 1
3 Fund 250 - Development Mitigation
Adopted Budget Amended Budget
Actuals through
December
Mid-Year
Requests
Proposed
Budget % Change
REVENUES
Mitigation Funding 395,000 395,000 620,741 850,000 1,245,000 215% Investment Earnings 8,500 8,500 8,500
Total Revenues 403,500 403,500 620,741 850,000 1,253,500 211%
EXPENDITURES
Capital 70,000 91,304 37,289 100,000 191,304 110%
Total Expenditures 70,000 91,304 37,289 100,000 191,304 110% Surplus/Deficit 333,500 312,196 583,452 750,000 1,062,196 Projected Fund Balance 10,315,460 10,294,156 10,565,413 11,044,465 Commentary
Requesting to adjust revenues based on current receivable activity. Additional appropriation requested for CIP 23009 (Sycamore Building) to complete security fencing around the premises.
Fund 280 - Landscape Maintenance District
Adopted Budget Amended Budget
Actuals through
December
Mid-Year
Requests
Proposed
Budget % Change
REVENUES
Tax Levies 1,473,413 1,473,413 1,473,413 0%
Investment Earnings 0%
Other Revenue 10 0%
Total Revenues 1,473,413 1,473,413 10 1,473,413 0%
EXPENDITURES
Salaries & Benefits 85,355 86,529 43,574 86,529 0%
Operations 1,398,765 1,402,143 74,822 12,500 1,414,643 1% Capital 170,500 218,576 99,925 - 218,576 0%
Total Expenditures 1,654,620 1,707,248 218,321 12,500 1,719,748 1% Surplus/Deficit (181,207) (233,835) (218,311) (12,500) (246,335) Projected Fund Balance 1,336,463 1,283,835 1,299,360 1,271,335 Commentary
Small adjustments needed to operations and Landscape Maintenance District Well account.
ATTACHMENT 1
4 Fund 320 - Measure M Public Safety Tax
Adopted Budget Amended Budget
Actuals through
December
Mid-Year
Requests
Proposed
Budget % Change
REVENUES
Sales Tax 10,508,800 10,508,800 2,614,377 10,508,800 0% Investment Earnings 47,000 47,000 47,000 0%
Total Revenues 10,555,800 10,555,800 2,614,377 10,555,800 0%
EXPENDITURES
Salaries & Benefits 9,562,260 9,643,535 4,728,898 40,207 9,683,742 0% Operations 196,500 212,721 24,118 212,721 0%
Capital - 217,204 38,914 217,204 0%
Total Expenditures 9,758,760 10,073,460 4,791,931 40,207 10,113,667 0% Surplus/Deficit 797,040 482,340 (2,177,554) (40,207) 442,133 Projected Fund Balance 6,590,345 6,275,645 3,615,751 6,235,438 Commentary
Salaries & benefits are being increased to cover MOU signing bonuses, COVID overtime back pay, and unbudgeted overtime for events. Moved one firefighter from Fund 320 to General Fund; offset by vacancy savings.
Fund 340 - Development Services
Adopted Budget
Amended
Budget
Actuals
through
December
Mid-Year
Requests
Proposed
Budget % Change
REVENUES
Licenses and Permits 4,050,000 4,050,000 2,411,197 4,050,000 0% Various Development Fees 1,650,000 1,650,000 666,374 1,650,000 0% State/County Grants 60,000 169,377 60,000
Intergovernmental Revenues 8,665
Investment Earnings 3,500 3,500 3,500 0%
Other Revenues 15,000 15,000 11,280 15,000
Total Revenues 5,718,500 5,778,500 3,266,893 5,778,500 0%
EXPENDITURES
Salaries & Benefits 3,367,967 3,390,817 1,486,611 (10,000) 3,380,817 0% Operations 3,575,248 5,390,084 916,092 16,400 5,406,484 0% Capital 1,325,000 1,250,000 1,250,000 0%
Total Expenditures 8,268,215 10,030,901 2,402,703 6,400 10,037,301 0% Surplus/Deficit (2,549,715) (4,252,401) 864,190 (6,400) (4,258,801) Projected Fund Balance 14,777,350 13,074,664 18,191,255 13,068,264 Commentary
Requesting increase to operations to cover utilities and additional training opportunities. Vacancy savings offset most of the requested adjustments.
ATTACHMENT 1
5 Fund 420 - Gas Tax/Street Improvement
Adopted Budget Amended Budget
Actuals through
December
Mid-Year
Requests
Proposed
Budget % Change
REVENUES
Highway User Tax Allocation/SB1 4,438,664 4,438,664 1,660,476 4,438,664 0% Investment Earnings 7,250 7,250 7,250 0%
Other Revenue - 0%
Total Revenues 4,445,914 4,445,914 1,660,476 4,445,914 0%
EXPENDITURES
Salaries & Benefits 1,690,028 1,714,719 717,818 16,500 1,731,219 1% Operations 1,517,158 1,523,108 580,361 170,000 1,693,108 11% Capital 2,727,325 6,681,775 515,695 (222,736) 6,459,039 -3% Total Expenditures 5,934,511 9,919,602 1,813,875 (36,236) 9,883,366 0% Surplus/Deficit (1,488,597) (5,473,688) (153,399) 36,236 (5,437,452) Projected Fund Balance 6,216,500 2,231,409 7,551,698 2,267,645 Commentary
The $16,500 requested increase in salaries & benefits is associated with unanticipated overtime costs. The requested operations increase is due to additional equipment rental services and streetlight repairs. Requested increase in capital is for these new SB1 proposed projects: Louise Avenue Improvement, Lathrop Road Improvement, and Annual Pavement Maintenance. An additional appropriation to CIP 17058 (Traffic Signal) is also requested to ensure compliance. All of these capital increases total $2.4m. There are vehicles replacement costs moving from Fund 420 to 820 totaling $2.6m that would result in a decrease in the capital line of $222,736.
Fund 460 - TDA/Local Transportation
Adopted Budget Amended Budget
Actuals through
December
Mid-Year
Requests
Proposed
Budget % Change
REVENUES
State/County Grants 2,176,051 2,176,051 2,176,051 0%
Investment Earnings 0%
Other Revenue 5,875 0%
Total Revenues 2,176,051 2,176,051 5,875 2,176,051 0%
EXPENDITURES
Salaries & Benefits 146,598 147,672 41,749 1,700 149,372 1% Operations 1,202,169 1,202,169 178,098 35,000 1,237,169 3% Capital 1,031,450 2,995,360 13,493 512,513 3,507,873 17% Total Expenditures 2,380,217 4,345,201 233,341 549,213 4,894,414 13% Surplus/Deficit (204,166) (2,169,150) (227,466) (549,213) (2,718,363) Projected Fund Balance 4,928,918 2,963,934 4,905,618 2,414,722 Commentary
Requested increase to salaries & benefits is due to MOU signing bonuses. Requested increase to operations is for in-house traffic calming projects. Additional appropriation requested for CIP 17058 (Traffic Signal Update) to ensure compliance.
ATTACHMENT 1
6 Fund 500 - Parks Acquisition & Improvement
Adopted Budget Amended Budget
Actuals through
December
Mid-Year
Requests
Proposed
Budget % Change
REVENUES
Park Development Fees 1,472,683 2,000,000 2,000,000 0%
Investment Earnings
Total Revenues 1,472,683 2,000,000 2,000,000 0%
EXPENDITURES
Operations 203,896 203,896 203,896 0%
Capital 283,000 207,447 8,207 207,447 100%
Total Expenditures 486,896 411,343 8,207 411,343 0%
Surplus/Deficit (486,896) (411,343) 1,464,476 2,000,000 1,588,657 Projected Fund Balance 18,504,349 18,579,902 20,455,721 20,579,902 Commentary
Revenue budget was missed in FY24; amending budget based on expected receivables.
Fund 550 - Community Facilities Districts
Adopted Budget Amended Budget
Actuals through
December
Mid-Year
Requests
Proposed
Budget % Change
REVENUES
Tax Levies 2,339,830 2,339,830 7,400 2,339,830 0%
Investment Earnings 0%
Other Revenue 80 0%
Total Revenues 2,339,830 2,339,830 7,480 2,339,830 0%
EXPENDITURES
Salaries & Benefits 77,412 78,477 39,391 78,477 0%
Operations 1,916,370 1,916,370 103,420 117,985 2,034,355 6% Capital 135,000 318,075 97,936 318,075 0%
Total Expenditures 2,128,782 2,312,922 240,746 117,985 2,430,907 5% Surplus/Deficit 211,048 26,908 (233,266) (117,985) (91,077) Projected Fund Balance 3,049,976 2,865,836 2,605,662 2,747,851 Commentary
Requested adjustment to operations is due to increased professional services expenses associated with CFD administration along with additional annexation of Machado Ranch.
ATTACHMENT 1
7 Fund 620 - Golf Course
Adopted
Budget
Amended
Budget
Actuals through
December
Mid-Year
Requests
Proposed
Budget % Change
REVENUES
Various Golf Activity Fees 1,949,600 1,949,600 752,517 1,949,600 0% Other Revenue 30,000 30,000 21,466 30,000 0%
Total Revenues 1,979,600 1,979,600 773,983 1,979,600 0%
EXPENDITURES
Salaries & Benefits 939,297 947,946 411,236 (20,000) 927,946 -2% Operations 681,365 681,365 226,441 20,000 701,365 3%
Capital 260,000 276,718 6,718 - 276,718 0%
Total Expenditures 1,880,662 1,906,029 644,395 - 1,906,029 0% Surplus/Deficit 98,938 73,571 129,589 - 73,571
Projected Fund Balance 902,262 876,895 932,912 876,895
Commentary
Requested increase to operations is to cover emergency electrical panel replacement. We were able to offset this request with vacancy savings so there is no fiscal impact. There will be a large capital request coming in the next fiscal year for a CIP 24088 (Golf Course Netting) due to quotes coming in much higher than anticipated.
Fund 640 - Sewer O&M
Adopted
Budget
Amended
Budget
Actuals through
December
Mid-Year
Requests
Proposed
Budget % Change
REVENUES
Utility Billing 17,765,000 17,765,000 9,270,833 17,765,000 0% State/County Grants 100,000 0%
Investment Earnings 110,000 110,000 110,000 0%
Misc. Reimbursement/ Sale of Property 100,000 100,000 1,317,998 1,570,000 1,670,000 1570% Total Revenues 17,975,000 17,975,000 10,688,831 1,570,000 19,545,000 9%
EXPENDITURES
Salaries & Benefits 7,252,670 7,323,230 3,278,589 188,375 7,511,605 3% Operations 12,347,241 13,291,483 3,033,032 110,800 13,402,283 1% Capital 13,180,500 24,573,681 534,404 24,573,681 0%
Debt Service 1,593,718 1,593,718 1,269,492 1,593,718 0% Total Expenditures 34,374,129 46,782,112 8,115,518 299,175 47,081,287 1% Surplus/Deficit (16,399,129) (28,807,112) 2,573,313 1,270,825 (27,536,287) Projected Fund Balance 11,034,729 (1,373,254) 30,007,172 (102,429) Commentary
Requested increase to revenues account for sale of property during this fiscal year. Requested increase to salaries & benefits is for missed overtime and MOU signing bonuses. Requested increase to operations covers additional training, funding a new safety program, and repair to a pump station.
ATTACHMENT 1
8 Fund 650 - Sewer Improvement
Adopted Budget
Amended
Budget
Actuals through
December
Mid-Year
Requests
Proposed
Budget % Change
REVENUES
Connection Fees 6,300,000 6,300,000 2,029,984 6,300,000 0% Total Revenues 6,300,000 6,300,000 2,029,984 6,300,000 0%
EXPENDITURES
Debt Service 1,692,299 1,692,299 1,348,018 1,692,299 0% Total Expenditures 1,692,299 1,692,299 1,348,018 1,692,299 0% Surplus/Deficit 4,607,701 4,607,701 681,966 4,607,701
Projected Fund Balance 26,972,006 26,972,006 23,046,271 26,972,006 Commentary
No adjustments requested.
Fund 660 - Solid Waste
Adopted
Budget
Amended
Budget
Actuals
through
December
Mid-Year
Requests
Proposed
Budget % Change
REVENUES
Utility Billing 15,230,000 15,230,000 8,580,825 15,230,000 0% State/County Grants 163,087 163,087 1,378 163,087
Investment Earnings 12,000 12,000 12,000
Other Revenue 200,500 200,500 83,088 200,500
Total Revenues 15,605,587 15,605,587 8,665,290 15,605,587 0%
EXPENDITURES
Salaries & Benefits 6,134,397 6,192,535 2,883,297 176,500 6,369,035 3% Operations 10,451,105 10,595,866 2,805,633 887,200 11,483,066 8% Capital 556,948 1,325,756 546,246 - 1,325,756 0%
Total Expenditures 17,142,450 18,114,157 6,235,177 1,063,700 19,177,857 6% Surplus/Deficit (1,536,863) (2,508,570) 2,430,114 (1,063,700) (3,572,270) Projected Fund Balance 1,705,852 734,145 5,672,829 (329,555) Commentary
Solid Waste is proposing 6 new positions (4 Equipment Operators, 1 Solid Waste Supervisor [New Classification], and 1 Compliance Specialist); the requested increase is to cover the estimated costs for the last 2.5 months in FY24. An updated salary matrix and job description for the Solid Waste Supervisor will to be brought separately to Council for approval at a later date. Requested increase to operating budget is related to the proposed 3-Cart System program being implemented and utilizing a contracted service for 4-5 months to assist with container swap-outs. We also added $150k for leasing five (5) Sideloaders in lieu of purchasing the new vehicles.
ATTACHMENT 1
9 Fund 680 - Water O&M
Adopted
Budget
Amended
Budget
Actuals through
December
Mid-Year
Requests
Proposed
Budget % Change
REVENUES
Utility Billing 13,105,000 13,105,000 7,186,689 13,105,000 0% State/County Grants 432,162 0%
Investment Earnings (5,000) (5,000) (5,000) 0%
Other Revenue 40,200 40,200 17,701 45,200 12%
Total Revenues 13,140,200 13,140,200 7,636,551 13,145,200 0%
EXPENDITURES
Salaries & Benefits 5,762,528 5,821,563 2,640,896 43,625 5,865,188 1% Operations 11,936,862 12,236,616 4,593,573 521,000 12,752,616 4% Capital 1,260,000 6,182,523 950,182 6,182,523 0%
Debt Service 1,131,867 1,131,867 222,050 1,131,867 0%
Total Expenditures 20,091,257 25,372,569 8,406,701 564,625 25,932,194 2% Surplus/Deficit (6,951,057) (12,232,369) (770,150) (564,625) (12,786,994) Projected Fund Balance 4,991,675 (485,725) 10,976,495 (1,040,350) Commentary
Requested increase to salaries & benefits for overtime and MOU signing bonuses. Requested operational increases will cover water treatment media change out and Smart Meter conversions.
Fund 690 - Water Improvement
Adopted Budget
Amended
Budget
Actuals through
December
Mid-Year
Requests
Proposed
Budget % Change
REVENUES
Connection Fees 4,970,000 4,970,000 1,935,416 4,970,000 0% Investment Earnings 25,000 25,000 25,000 0%
Total Revenues 4,995,000 4,995,000 1,935,416 4,995,000 0%
EXPENDITURES
Operations 949,481 1,016,817 361,341 100,000 1,116,817 10% Debt Service 1,615,383 1,615,383 316,907 1,615,383 0%
Total Expenditures 2,564,864 2,632,200 678,248 100,000 2,732,200 4% Surplus/Deficit 2,430,136 2,362,800 1,257,168 (100,000) 2,262,800 Projected Fund Balance 11,977,947 11,910,611 10,804,979 11,810,611 Commentary
Increase in operations is associated with the Smart Meter conversions.
Fund 810 - Engineering
ATTACHMENT 1
10 Adopted
Budget
Amended
Budget
Actuals through
December
Mid-Year
Requests
Proposed
Budget % Change
REVENUES
Various Engineering Fees 1,910,000 1,910,000 1,725,966 1,910,000 0% Intergovernmental Revenues 25,000 25,000 25,000 0%
Other Revenue 80,000 80,000 27,904 80,000 0%
Total Revenues 2,015,000 2,015,000 1,753,870 2,015,000 0%
EXPENDITURES
Salaries & Benefits 2,257,367 2,139,104 938,922 (18,750) 2,120,354 -1% Operations 1,297,270 1,299,249 118,377 142,800 1,442,049 11% Transfer Outs 45,000 45,000 45,000 0%
Total Expenditures 3,599,637 3,483,353 1,057,298 124,050 3,607,403 4% Surplus/Deficit (1,584,637) (1,468,353) 696,572 (124,050) (1,592,403) Projected Fund Balance (4,842,113) (4,725,829) (2,560,905) (4,849,879) Commentary
Net decrease in salaries & benefits relates to moving budget for part-time staff to Fund 640 and is the offset from MOU signing bonuses costs. Requested increase to operations covers utility expenses, additional repairs and maintenance, two copier replacements with citywide contract, and security door installation for Engineering building. A negative fund balance is projected for FY24 due to historically inadequate revenues to sustain annual expenditures. Staff will analyze applicable development fees for providing sufficient allocations.
Fund 820 - Vehicles
Adopted
Budget
Amended
Budget
Actuals
through
December
Mid-Year
Requests
Proposed
Budget % Change
REVENUES
Internal Service Fund Charges 1,210,000 1,210,000 6,751 1,210,000 0% Investment Earnings 2,300 2,300 2,300 0%
Transfers In From 45,000 45,000 45,000 0%
Total Revenues 1,257,300 1,257,300 6,751 1,257,300 0%
EXPENDITURES
Salaries & Benefits 23,000 23,000 3,405 23,000 0%
Operations 1,151,902 1,151,902 1,151,902 0%
Capital 87,538 38,351 3,010,250 3,097,788 3439%
Total Expenditures 1,174,902 1,262,440 41,755 3,010,250 4,272,690 238% Surplus/Deficit 82,398 (5,140) (35,004) (3,010,250) (3,015,390) Projected Fund Balance 243,853 156,315 126,451 (2,853,935) Commentary
Requested increase to capital is for moving approved Street vehicles from Fund 420 to Fund 820, and includes four (4) newly proposed vehicles: Skid Steer and Cracksealer for Streets, and two 3/4 Ton Trucks with Liftgates for Parks. This fund is an internal service fund that receives revenue from other funds to pay for vehicle related costs, such as fuel, maintenance, and replacements. Although a negative fund balance is projected for FY24, due to a significant number of vehicle replacements being budgeted, staff will evaluate a cost spread for FY25 that will make the fund whole.
Fund 830 - Information Technology
ATTACHMENT 1
11 Adopted Budget Amended Budget
Actuals through
December
Mid-Year
Requests
Proposed
Budget % Change
REVENUES
Internal Service Fund Charges 5,663,000 5,663,000 2,831,500 5,663,000 0% Total Revenues 5,663,000 5,663,000 2,831,500 5,663,000 0%
EXPENDITURES
Salaries & Benefits 2,208,904 2,102,433 953,051 28,000 2,130,433 1% Operations 3,030,475 3,097,992 987,927 15,000 3,112,992 0% Capital 328,000 584,141 200,673 584,141 0%
Total Expenditures 5,567,379 5,784,566 2,141,651 43,000 5,827,566 1% Surplus/Deficit 95,621 (121,566) 689,849 (43,000) (164,566) Projected Fund Balance 2,773,566 2,556,379 3,367,794 2,513,379 Commentary
Minimal adjustments requested to salaries & benefits for MOU signing bonuses, part-time and overtime budgets that were not captured at budget adoption.
Requested operational increase will cover anticipated utility expenses.
Fund 860 - Self Insurance/Risk Management
Adopted Budget Amended Budget
Actuals through
December
Mid-Year
Requests
Proposed
Budget % Change
REVENUES
Internal Service Fund Charges 8,766,426 8,766,426 41,448 8,766,426 0% Investment Earnings 9,800 9,800 - 9,800 0%
Total Revenues 8,776,226 8,776,226 41,448 8,776,226 0%
EXPENDITURES
Salaries & Benefits 423,194 424,062 233,290 9,000 433,062 2% Operations 8,293,180 8,297,809 6,055,113 8,297,809 0%
Total Expenditures 8,716,374 8,721,871 6,288,403 9,000 8,730,871 0% Surplus/Deficit 59,852 54,355 (6,246,955) (9,000) 45,355 Projected Fund Balance 896,264 890,767 (5,410,543) 881,767 Commentary
Requested increase to salaries & benefits covers MOU signing bonuses.
NOTE:
All of the above projected fund balances are preliminary in nature and subject to change pending completion of the Fiscal Year 2022-23 financial audit and Annual Comprehensive Financial Report.