Fiscal Year 2024/25 First Quarter Summary of Major Funds – November 19, 2024 Council Action
1 | Page
FY 2024/25 Adopted
Budget
FY 2024/25
Amended
Budget
YTD thru
09/30/2024
% Received
thru 09/30/2024
Proposed
Adjustments % Change
FY 2024/25 Proposed
Amended Budget
Revenues
Taxes-Sales Tax 28,770,000$ 26,590,074$ 2,095,665$ 8% -$ 0% 26,590,074$ Taxes-VLF/Property Tax Comp 10,027,400 10,227,948 - 0% 887,027 9% 11,114,975 Taxes-Property 9,914,100 10,113,634 - 0% 787,283 8% 10,900,917 Other Misc Revenue 4,726,903 7,580,503 3,761,374 50% 620,000 13% 8,200,503 Taxes-Franchises 4,652,000 4,652,000 1,800 0% 92,800 2% 4,744,800 Charges for Services 4,867,960 4,360,660 1,644,746 38% - 0% 4,360,660 License/Permit Fees 2,000,075 1,824,075 392,880 22% - 0% 1,824,075 Taxes-Transient Occupancy Tax 5,546,000 2,580,000 324,743 13% - 0% 2,580,000 Taxes-Business Licenses 1,065,400 1,065,400 326,933 31% 21,308 2% 1,086,708 Taxes-Property Transfer 800,000 550,000 174,201 32% 25,000 3% 575,000 Loan/Bond/Lease Proceeds - - - 0% - 0% - Transfer In - - - 0% - 0% - Use of Unassigned Fund Balance - - - 0% 4,447,610 0% 4,447,610 Total Revenue 72,369,838$ 69,544,294$ 8,722,342$ 13% 2,433,417$ 3% 76,425,321$ FY 2024/25 Adopted
Budget
FY 2024/25
Amended
Budget
YTD thru
09/30/2024
% Expended
thru 09/30/2024
Proposed
Adjustments % Change
FY 2024/25 Proposed
Amended Budget
Expenditures
Personnel Costs 48,999,585$ 54,554,230$ 8,969,678$ 16% (1,100,000)$ -2% 53,454,230$ Operations & Maintenance 13,007,435 12,890,580 2,036,606 16% 79,521 1% 12,970,101 Capital Outlay 1,231,626 1,255,782 459,637 37% - 0% 1,255,782 Allocations 7,594,685 7,594,685 1,898,671 25% - 0% 7,594,685 Transfer Out 1,150,523 1,150,523 287,631 25% - 0% 1,150,523 Total Expenditures 71,983,855$ 77,445,800$ 13,652,223$ 18% (1,020,479)$ -1% 76,425,321$ Contribution to/(Use of) Fund Balance 385,983$ (7,901,506)$ (4,929,881)$ 3,453,896$ 0$
GENERA L FUND
Fiscal Year 2024/25 First Quarter Summary of Major Funds – November 19, 2024 Council Action
2 | Page
FY 2024/25
Adopted
Budget
FY 2024/25
Amended
Budget
YTD thru
09/30/2024
Variance
Amount
% Received
thru 09/30/2024
Proposed
Adjustments % Change
FY 2024/25
Proposed Amended
Budget
Revenue
Taxes-Sales Tax 31,449,800$ 29,077,993$ 2, 249,628$ 26,828,365$ 8% -$ 0% 29,077,993$ Other Misc Revenue - - - - 0% - 0% - Total Revenue 31,449,800$ 29,077,993$ 2,249,628$ 26,828,365$ 8% -$ 0% 29,077,993$ FY 2024/25
Adopted
Budget
FY 2024/25
Amended
Budget
YTD thru
09/30/2024
Variance
Amount
% Expended
thru 09/30/2024
Proposed
Adjustments % Change
FY 2024/25
Proposed Amended
Budget
Expenditures
Personnel Costs 13,132,286$ 13,462,574$ 2, 751,484$ 10,711,090$ 20% -$ 0% 13,462,574$ Operations & Maintenance 2,599,796 2,167,030 355,617 1,811,413 16% - 0% 2,167,030 Capital Outlay 925,365 648,117 435,023 213,094 67% - 0% 648,117 Allocations 928,500 928,500 232,125 696,375 25% - 0% 928,500 Transfer Out 11,004,936 11,004,936 2,751,234 8,253,702 25% (2,185,117) -20% 8,819,819 Total Expenditures 28,590,883$ 28,211,157$ 6,525,483$ 21,685,674$ 23% (2,185,117)$ -8% 26,026,040$ Contribution to/(Use of) Fund Balance 2,858,917$ 866,836$ (4,275,855)$ 2,185,117$ 3,051,953$
MEASURE T
Fiscal Year 2024/25 First Quarter Summary of Major Funds – November 19, 2024 Council Action
3 | Page
FY 2024/25
Adopted Budget
FY 2024/25
Amended
Budget
YTD thru
09/30/2024
% Received
thru 09/30/2024
Proposed
Adjustments % Change
FY 2024/25 Proposed
Amended Budget
Revenue
Taxes-Property 14,293,353$ 15,062,995$ -$ 0% 1,016,773$ 7% 16,079,768$ Other Misc Revenue 961,425 1,106,649 240,656 22% 64,905 7% 1,171,554 Charges for Services 538,826 440,876 140,767 32% 20,000 4% 460,876 Special Assessments 1,577,711 1,577,711 - 0% - 0% 1,577,711 License/Permit Fees 10,500 10,500 2,397 23% - 0% 10,500 Transfer In 7,368,265 7,368,265 1,842,066 25% (1,209,666) -16% 6,158,599 Use of Unassigned Fund Balance - - - 0% 867,721 0% 867,721 Total Revenue 24,750,080$ 25,566,996$ 2,225,887$ 9% 759,733 3% 26,326,729$ FY 2024/25
Adopted Budget
FY 2024/25
Amended
Budget
YTD thru
09/30/2024
% Expended
thru 09/30/2024
Proposed
Adjustments % Change
FY 2024/25 Proposed
Amended Budget
Expenditures
Personnel Costs 20,178,327$ 21,961,130$ 4,810,347$ 22% (255,000)$ -1% 21,706,130$ Operations & Maintenance 2,427,163 2,326,009 517,145 22% 150,000 6% 2,476,009 Capital Outlay - - - 0% - 0% - Allocations 2,144,590 2,144,590 536,147 25% - 0% 2,144,590 Transfer Out - - - 0% - 0% - Total Expenditures 24,750,080$ 26,431,729$ 5,863,639$ 22% (105,000) 0% 26,326,729$ Contribution to/(Use of) Fund Balance (0)$ (864,733)$ (3,637,752)$ 864,733 0$
FIRE DISTRICT
Fiscal Year 2024/25 First Quarter Summary of Major Funds – November 19, 2024 Council Action
4 | Page
FY 2024/25
Adopted Budget
FY 2024/25
Amended
Budget
YTD thru
09/30/2024
% Received
thru 09/30/2024
Proposed
Adjustments % Change
FY 2024/25 Proposed
Amended Budget
Revenue
Special Assessments 1,927,712$ 1,965,302$ -$ 0% -$ 0% 1,965,302$ Charges for Services 531,775 521,775 256,414 49% 1,000 0% 522,775 Other Misc Revenue 147,135 151,142 59,509 39% 20,000 14% 171,142 Transfer In 2,830,175 2,830,175 707,544 25% (360,560) -13% 2,469,615 Use of Unassigned Fund Balance - - - 0% 435,601 0% 435,601 Total Revenue 5,436,797$ 5,468,394$ 1,023,466$ 19% 96,041$ 2% 5,564,435$ FY 2024/25
Adopted Budget
FY 2024/25
Amended
Budget
YTD thru
09/30/2024
% Expended
thru 09/30/2024
Proposed
Adjustments % Change
FY 2024/25 Proposed
Amended Budget
Expenditures
Personnel Costs 2,085,122$ 2,586,993$ 736,350$ 28% (240,000)$ -12% 2,346,993$ Operations & Maintenance 3,324,482 3,190,250 704,040 22% - 0% 3,190,250 Capital Outlay 50,000 50,000 43,661 87% - 0% 50,000 Allocations (22,807) (22,807) 179,085 -785% - 0% (22,807) Transfer Out - - - 0% - 0% - Total Expenditures 5,436,797$ 5,804,436$ 1,663,137$ 29% (240,000)$ -4% 5,564,436$ Contribution to/(Use of) Fund Balance -$ (336,041)$ (639,670)$ 336,041$ (0)$
COMMUNITY SERVICES DISTRICT
Fiscal Year 2024/25 First Quarter Summary of Major Funds – November 19, 2024 Council Action
5 | Page
FY 2024/25 Adopted
Budget
FY 2024/25
Amended
Budget
YTD thru
09/30/2024
Variance
Amount
% Received
thru 09/30/2024
Proposed
Adjustments % Change
FY 2024/25 Proposed
Amended Budget
Revenue
Taxes-Property 2,467,294$ 2,564,384$ -$ 2,564,384$ 0% 180,920$ 7% 2,745,304$ Other Misc Revenue 95,200 124,700 71,209 53,491 57% 17,500 18% 142,200 Charges for Services 20,300 20,900 6,936 13,964 33% - 0% 20,900 Transfer In 806,496 806,496 201,624 604,872 25% (614,891) -76% 191,605 Use of Unassign Fund Balance - - - - 0% 517,684 0% 517,684 Total Revenue 3,389,290$ 3,516,480$ 279,769$ 3,236,711$ 8% 101,213$ 3% 3,617,693$ FY 2024/25 Adopted
Budget
FY 2024/25
Amended
Budget
YTD thru
09/30/2024
Variance
Amount
% Expended
thru 09/30/2024
Proposed
Adjustments % Change
FY 2024/25 Proposed
Amended Budget
Expenditures
Personnel Costs 2,058,853$ 2,329,210$ 407,810$ 1,921,400$ 18% -$ 0% 2,329,210$ Operations & Maintenance 814,337 789,783 127,316 662,467 16% - 0% 789,783 Capital Outlay 17,400 - - - 0% - 0% - Allocations 498,700 498,700 124,675 374,025 25% - 0% 498,700 Transfer Out - - - - 0% - 0% - Total Expenditures 3,389,290$ 3,617,693$ 659,801$ 2,957,892$ 18% -$ 0% 3,617,693$ Contribution to/(Use of) Fund Balance -$ (101,213)$ (380,032)$ 101,213$ 0$
LIBRA RY