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ATT 1 - FY 2023/24 Budget to Actual Report - Major Funds

Murrieta City Council
May 20, 2025

Document
ATT 1 - FY 2023/24 Budget to Actual Report - Major Funds
Meeting
May 20, 2025
Body
Murrieta City Council
Original file
120 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 Budget to Actual Report – Major Funds Council Action December 3, 2024
1 | Page
11/8/2024

FY 2023/24 Adopted
Budget
FY 2023/24
Amended
B
udget
YTD thru
06/30/2024
Variance
Amount
% Received
thru 06/30/2024
Revenues
Taxes-Sales Tax 27, 926,000$ 26,056,700$ 25,653,511$ (403,189)$ 98% Taxes-VLF/Property Tax Comp 9,830,800 9,830,800 10,897,034 1,066,234 111% Taxes-Property 9,780,700 10,165,700 11,421,421 1,255,721 112% Other Misc Revenue 4,776,152 6,835,116 14,126,081 7,290,965 207% Taxes-Franchises 4,652,000 4,652,000 5,156,401 504,401 111% Charges for Services 4,747,960 4,417,120 4,620,012 202,892 105% License/Permit Fees 1,908,375 2,044,375 1,925,696 (118,679) 94% Taxes-Transient Occupancy Tax 3,955,000 2,095,000 1,989,170 (105,830) 95% Taxes-Business Licenses 1,014,700 1,014,700 1,185,824 171,124 117% Taxes-Property Transfer 800,000 550,000 686,263 136,263 125% Loan/Bond/Lease Proceeds - 7,544 9,874 2,330 131% Transfer In - - 2,584 2,584 0% Total Revenue 69,391,687$ 67,669,055$ 77,673,870$ 10,004,815$ 115% FY 2023/24 Adopted
Budget
FY 2023/24
Amended
B
udget
YTD thru
06/30/2024
Variance
Amount
% Expended
thru 06/30/2024
Expenditures
Personnel Costs 47, 417,310$ 49,139,617$ 46,580,054$ (2,559,563)$ 95% Operations & Maintenance 12,726,798 16,408,822$ 13,154,044 (3,254,778) 80% Capital Outlay 1,349,126 1,501,675$ 794,041 (707,633) 53% Allocations 6,561,200 5,977,164$ 5,287,002 (690,162) 88% Transfer Out 1,070,344 1,070,344$ 965,374 (104,971) 90% Total Expenditures 69,124,778$ 74,097,622$ 66,780,515$ (7,317,107)$ 90% Contribution to/(Use of) Fund Balance 266,909$ (6,428,567)$ 10,893,355$

GENERA L FUND
Fiscal Year 2023/24 Budget to Actual Report – Major Funds Council Action December 3, 2024
2 | Page
11/8/2024

FY 2023/24
Adopted
Budget
FY 2023/24
Amended
Budget
YTD thru
06/30/2024
Variance
Amount
% Received
thru 06/30/2024
Revenue
Taxes-Sales Tax 30,524,800$ 28,502,440$ 28,226,552$ (275,888)$ 99% Transfer In - 239,040 239,040 - 100% Total Revenue 30,524,800$ 28,741,480$ 28,465,592$ (275,888)$ 99% FY 2023/24
Adopted
Budget
FY 2023/24
Amended
Budget
YTD thru
06/30/2024
Variance
Amount
% Expended
thru 06/30/2024
Expenditures
Personnel Costs 11,582,288$ 12,137,408$ 12,155,639$ 18,231$ 100% Operations & Maintenance 2,890,475 2,886,549 2,143,992 (742,557) 74% Capital Outlay 1,172,659 2,405,017 2,505,483 100,466 104% Allocations 797,270 672,110 577,097 (95,013) 86% Transfer Out 10,049,859 10,049,859 5,950,395 (4,099,464) 59% Total Expenditures 26,492,551$ 28,150,943$ 23,332,605$ (4,818,337)$ 83% Contribution to/(Use of) Fund Balance 4,032,249$ 590,537$ 5,132,986$

MEASURE T
Fiscal Year 2023/24 Budget to Actual Report – Major Funds Council Action December 3, 2024
3 | Page
11/8/2024

FY 2023/24
Adopted Budget
FY 2023/24
Amended
Budget
YTD thru
06/30/2024
Variance
Amount
% Received
thru 06/30/2024
Revenue
Taxes-Property 14,043,949$ 14,562,805$ 16,391,638$ (1,828,833)$ 113% Other Misc Revenue 951,534.9 1,489,289 1,599,411 (110,122) 107% Charges for Services 504,426.0 642,730 678,176 (35,446) 106% Special Assessments 1,577,711.0 1,577,711 1,548,599 29,112 98% License/Permit Fees 10,500.0 10,500 14,421 (3,921) 137% Loan/Bond/Lease Proceeds - - 6,800 (6,800) 0% Transfer In 6,960,508.8 7,131,187 3,954,583 3,176,604 55% Total Revenue 24,048,630$ 25,414,222$ 24,193,627$ 1,220,595$ 95% FY 2023/24
Adopted Budget
FY 2023/24
Amended
Budget
YTD thru
06/30/2024
Variance
Amount
% Expended
thru 06/30/2024
Expenditures
Personnel Costs 19,839,749$ 21,420,951$ 19,386,815$ 2,034,135$ 91% Operations & Maintenance 2,378,921.0 2,409,424 2,407,707 1,717 100% Capital Outlay - - - - 0% Allocations 1,829,960.0 1,694,640 1,481,100 213,540 87% Transfer Out - - - - 0% Total Expenditures 24,048,630$ 25,525,014$ 23,275,622$ 2,249,392$ 91% Contribution to/(Use of) Fund Balance (0)$ (110,793)$ 918,005$

FIRE DISTRICT
Fiscal Year 2023/24 Budget to Actual Report – Major Funds Council Action December 3, 2024
4 | Page
11/8/2024

FY 2023/24
Adopted Budget
FY 2023/24
Amended
Budget
YTD thru
06/30/2024
Variance
Amount
% Received
thru 06/30/2024
Revenue
Special Assessments 1,927,712$ 1,927,712$ 2,087,154$ (159,442)$ 108% Charges for Services 520,125 548,125 687,193 (139,068) 125% Other Misc Revenue 147,135 155,635 218,112 (62,477) 140% Taxes-Property - - - - 0% Transfer In 2,945,577 2,945,577 2,166,490 779,087 74% Total Revenue 5,540,549$ 5,577,049$ 5,158,948$ 418,101$ 93% FY 2023/24
Adopted Budget
FY 2023/24
Amended
Budget
YTD thru
06/30/2024
Variance
Amount
% Expended
thru 06/30/2024
Expenditures
Personnel Costs 2,030,685$ 2,139,815$ 1,739,131$ 400,683$ 81% Operations & Maintenance 3,253,088 3,334,993 3,392,133 (57,141) 102% Capital Outlay 68,000 68,000 12,870 55,130 19% Allocations (82,553) (123,903) (321,282) 197,379 259% Transfer Out - - - - 0% Total Expenditures 5,269,219$ 5,418,904$ 4,822,853$ 596,051$ 89% Contribution to/(Use of) Fund Balance 271,330$ 158,145$ 336,095$

COMMUNITY SERVICES DISTRICT
Fiscal Year 2023/24 Budget to Actual Report – Major Funds Council Action December 3, 2024
5 | Page
11/8/2024

FY 2023/24 Adopted
Budget
FY 2023/24
Amended
Budget
YTD thru
06/30/2024
Variance
Amount
% Received
thru 06/30/2024
Revenue
Taxes-Property 2,424,794$ 2,533,814$ 2,847,305$ (313,491)$ 112% Other Misc Revenue 95,200 85,700 137,136 (51,436) 160% Charges for Services 14,300 18,750 22,497 (3,747) 120% Transfer In 143,773 143,773 783 142,990 1% Total Revenue 2,678,067$ 2,782,037$ 3,007,720$ (225,684)$ 108% FY 2023/24 Adopted
Budget
FY 2023/24
Amended
Budget
YTD thru
06/30/2024
Variance
Amount
% Expended
thru 06/30/2024
Expenditures
Personnel Costs 2,036,462$ 2,038,862$ 2,000,982$ 37,881$ 98% Operations & Maintenance 819,908 851,551 768,130 83,421 90% Capital Outlay 26,000 1,369 - 1,369 0% Allocations 430,910 405,150 361,228 43,922 89% Transfer Out - - - - 0% Total Expenditures 3,313,280$ 3,296,933$ 3,130,340$ 166,593$ 95% Contribution to/(Use of) Fund Balance (635,214)$ (514,896)$ (122,620)$

LIBRA RY

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