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
GENERAL 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
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