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ATT 1 - FY202324 Third Quarter Budget to Actual Report - Citywide and Major Funds

Murrieta City Council
May 7, 2024

Document
ATT 1 - FY202324 Third Quarter Budget to Actual Report - Citywide and Major Funds
Meeting
May 7, 2024
Body
Murrieta City Council
Original file
206 KB
Text extracted from the city's file for reading and search. Open the original on murrieta.legistar1.com. That file is the official record.

Fiscal Year 2023/24 Third Quarter Summary of Major Funds - May 7, 2024 Council Action 2023/24

AMENDED BUDGET

YTD THRU
03/31/24 % RECEIVED NET CHANGES %
CHANGE
2023/24 PROPOSED

AMENDED BUDGET
Revenue
Taxes-Sales Tax 27,926,000$ 15,349,928$ 55% (1,869,300)$ -7% 26,056,700$ Taxes-VLF/Property Tax Comp 9,830,800$ 5,448,517$ 55% -$ 0% 9,830,800$ Taxes-Property 9,780,700$ 6,536,543$ 67% 385,000$ 4% 10,165,700$ Other Misc Revenue 4,980,224$ 12,079,303$ 243% 1,789,642$ 36% 6,769,866$ Charges for Services 4,747,960$ 2,801,243$ 59% (330,840)$ -7% 4,417,120$ Taxes-Franchises 4,652,000$ 1,720,950$ 37% -$ 0% 4,652,000$ Taxes-Transient Occupancy Tax 3,955,000$ 1,120,273$ 28% (1,860,000)$ -47% 2,095,000$ License/Permit Fees 1,908,375$ 1,584,846$ 83% 136,000$ 7% 2,044,375$ Taxes-Business Licenses 1,014,700$ 824,363$ 81% -$ 0% 1,014,700$ Taxes-Property Transfer 800,000$ 369,754$ 46% (250,000)$ -31% 550,000$ Loan/Bond/Lease Proceeds -$ 7,544$ 0% 7,544$ 0% 7,544$ Transfer In -$ 27$ 0% -$ 0% -$ Total Revenue 69,595,759$ 47,843,292$ 69% (1,991,954)$ -3% 67,603,805$ 2023/24

AMENDED BUDGET

YTD THRU
03/31/24 % USED NET CHANGES %
CHANGE
2023/24 PROPOSED

AMENDED BUDGET
Expenditures
Personnel Costs 49,998,664$ 31,650,372$ 63% (859,046)$ -2% 49,139,617$ Operations & Maintenance 15,901,084$ 9,323,281$ 59% 421,130$ 3% 16,322,215$ Allocations 6,561,200$ 4,920,900$ 75% (584,036)$ -9% 5,977,164$ Capital Outlay 2,210,107$ 275,283$ 12% (699,200)$ -32% 1,510,907$ Transfer Out 1,070,344$ 802,758$ 75% -$ 0% 1,070,344$ Expenditures 75,741,399$ 46,972,593$ 62% (1,721,152)$ -2% 74,020,246$ Future Capital Outlay Contribution -$ 1,789,173$ Total Expenditures 75,741,399$ 75,809,419$ Contribution to/(Use of) Fund Balance $ (6,145,640) $ (270,802) $ (8,205,614)

GENERAL FUND
1 Fiscal Year 2023/24 Third Quarter Summary of Major Funds - May 7, 2024 Council Action 2023/24

AMENDED BUDGET

YTD THRU
03/31/24 % RECEIVED NET CHANGES %
CHANGE
2023/24 PROPOSED

AMENDED BUDGET
Revenue
Taxes-Sales Tax 30,524,800$ 16,755,808$ 55% (2,022,360)$ -7% 28,502,440$ Total Revenue 30,524,800$ 16,755,808$ 55% (2,022,360)$ -7% 28,502,440$ 2023/24

AMENDED BUDGET

YTD THRU
03/31/24 % USED NET CHANGES %
CHANGE
2023/24 PROPOSED

AMENDED BUDGET
Expenditures
Personnel Costs 12,328,810$ 8,509,761$ 69% (191,402)$ -2% 12,137,408$ Transfer Out 10,049,859$ 7,537,394$ 75% -$ 0% 10,049,859$ Operations & Maintenance 3,106,925$ 1,094,309$ 35% (214,876)$ -7% 2,892,049$ Capital Outlay 2,493,801$ 2,383,900$ 96% (94,284)$ -4% 2,399,517$ Allocations 797,270$ 597,953$ 75% (125,160)$ -16% 672,110$ Expenditures 28,776,665$ 20,123,316$ 70% (625,722)$ -2% 28,150,943$ Capital Outlay Contribution 1,701,289$ 1,701,289$ Total Expenditures 30,477,954$ 29,852,232$ Contribution to/(Use of) Fund Balance $ 46,846 $ (1,396,638) $ (1,349,792) 2023/24

AMENDED BUDGET

YTD THRU
03/31/24 % RECEIVED NET CHANGES %
CHANGE
2023/24 PROPOSED

AMENDED BUDGET
Revenue
Charges for Services 504,426$ 521,185$ 103% 138,304$ 27% 642,730$ License/Permit Fees 10,500$ 4,635$ 44% -$ 0% 10,500$ Other Misc Revenue 951,535$ 1,565,455$ 165% 537,754$ 57% 1,489,289$ Special Assessments 1,577,711$ 831,530$ 53% -$ 0% 1,577,711$ Taxes-Property 14,043,949$ 9,369,976$ 67% 518,856$ 4% 14,562,805$ Transfer In 7,131,187$ 5,220,382$ 73% -$ 0% 7,131,187$ Total Revenue 24,219,308$ 17,513,163$ 72% 1,194,914$ 5% 25,414,222$ 2023/24

AMENDED BUDGET

YTD THRU
03/31/24 % USED NET CHANGES %
CHANGE
2023/24 PROPOSED

AMENDED BUDGET
Expenditures
Allocations 1,829,960$ 1,372,470$ 75% (135,320)$ -7% 1,694,640$ Operations & Maintenance 2,378,921$ 1,720,265$ 72% 30,503$ 1% 2,409,424$ Personnel Costs 21,349,348$ 13,762,612$ 64% 71,603$ 0% 21,420,951$ Expenditures 25,558,229$ 16,855,347$ 66% (33,214)$ 0% 25,525,014$ Capital Outlay Contribution 169,611$ 169,611$ Total Expenditures 25,727,840$ 25,694,625$ Contribution to/(Use of) Fund Balance $ (1,508,532) $ 1,228,128 $ (280,404) 2023/24

AMENDED BUDGET

YTD THRU
03/31/24 % RECEIVED NET CHANGES %
CHANGE
2023/24 PROPOSED

AMENDED BUDGET
Revenue
Charges for Services 520,125$ 464,273$ 89% 15,000$ 3% 535,125$ Other Misc Revenue 147,135$ 137,169$ 93% 13,000$ 9% 160,135$ Special Assessments 1,927,712$ 1,123,122$ 58% 8,500$ 0% 1,936,212$ Taxes-Property -$ -$ 0% -$ 0% -$ Transfer In 2,945,577$ 2,209,183$ -$ 0% 2,945,577$ Total Revenue 5,540,549$ 3,933,747$ 71% 36,500$ 1% 5,577,049$ 2023/24

AMENDED BUDGET

YTD THRU
03/31/24 % USED NET CHANGES %
CHANGE
2023/24 PROPOSED

AMENDED BUDGET
Expenditures
Allocations (82,553)$ 103,726$ -126% (41,350)$ 50% (123,903)$ Capital Outlay 68,000$ -$ 0% -$ 0% 68,000$ Operations & Maintenance 3,329,960$ 2,163,375$ 65% 5,033$ 0% 3,334,993$ Personnel Costs 2,196,035$ 1,571,902$ 72% (56,220)$ -3% 2,139,815$ Transfer Out -$ -$ 0% -$ 0% -$ Expenditures 5,511,441$ 3,839,003$ 70% (92,537)$ -2% 5,418,904$ Capital Outlay Contribution (40,509)$ (40,509)$ Total Expenditures 5,470,932$ 5,378,395$ Contribution to/(Use of) Fund Balance $ 69,617 $ 129,037 $ 198,654

MEASURE T

FIRE DISTRICT

COMMUNITY SERVICES DISTRICT
2 Fiscal Year 2023/24 Third Quarter Summary of Major Funds - May 7, 2024 Council Action 2023/24

AMENDED BUDGET

YTD THRU
03/31/24 % RECEIVED NET CHANGES %
CHANGE
2023/24 PROPOSED

AMENDED BUDGET
Revenue
Charges for Services 14,300$ 15,451$ 108% 4,450$ 31% 18,750$ Other Misc Revenue 81,200$ 66,433$ 82% 4,500$ 6% 85,700$ Taxes-Property 2,424,794$ 830,829$ 34% 109,020$ 4% 2,533,814$ Transfer In 143,773$ 71,886$ 50% -$ 0% 143,773$ Total Revenue 2,664,067$ 984,599$ 37% 117,970$ 4% 2,782,037$ 2023/24

AMENDED BUDGET

YTD THRU
03/31/24 % USED NET CHANGES %
CHANGE
2023/24 PROPOSED

AMENDED BUDGET
Expenditures
Allocations 430,910$ 323,183$ 75% (25,760)$ -6% 405,150$ Capital Outlay -$ -$ 0% -$ 0% -$ Operations & Maintenance 858,839$ 498,962$ 58% (5,918)$ -1% 852,920$ Personnel Costs 2,117,062$ 1,343,692$ 63% (78,200)$ -4% 2,038,862$ Expenditures 3,406,811$ 2,165,836$ 64% (109,878)$ -3% 3,296,933$ Capital Outlay Contribution (4,342)$ (4,342)$ Total Expenditures 3,402,469$ 3,292,591$ Contribution to/(Use of) Fund Balance $ (738,402) $ 227,848 $ (510,554)

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