YEAR-END UNAUDITED ACTUAL
REPORT – GENERAL FUND
FISCAL YEAR 2022-2023
FY 23 – GENERAL FUND REVENUES
REVISED BUDGET VS. ESTIMATE VS. ACTUALS
UNAUDITED
ACTUALS
YEAR-END
ESTIMATE
REVISED
BUDGET
52,761,60652,563,12651,510,817Property Tax
50,110,93550,024,51450,098,773Sales Tax
6,080,3995,300,0005,090,300Transient Occupancy Tax
2,622,0442,759,4392,641,702Franchises
6,983,3996,900,965 6,204,355Licenses and Permits
2,008,7701,857,7502,130,000Fines and Forfeitures
2,294,7881,692,8811,613,269Use of Money and Property
1,235,9901,994,5623,125,911Revenues from Other Agencies 6,491,5506,062,2805,306,479Fees for Service
2,779,5593,017,3172,960,859Miscellaneous Revenues
3,526,2283,526,2283,526,228Interfund Revenues
136,895,267135,699,062134,208,693TOTAL OPERATING REVENUES 2 2,000,0002,000,0003,093,938Transfers In
138,895,267137,699,062137,302,631TOTAL REVENUES
TN0
Slide 2
TN0 Please see table for updated numbers.
Change the table to have operating expenditure and total expenditure.
Trang Nguyen, 2024-02-01T17:15:52.631
FY 23 GENERAL
FUND
UNAUDITED
ACTUALS
REVENUE
3 $136,895,267
Sales Tax
37%
Property Tax
38%
TOT
4%
Franchises
2%
License and Permits
5%
Fines and Forfeitures
1%
Fees for Services
5%
Misc Revenues
2%
Use of Money and
Property, 2%
Revenue from Other Agencies,
1%
Interfund Revenues
3%
Other
11%
TN0
Slide 3
TN0 I think is a good visual.
Trang Nguyen, 2024-01-24T21:50:51.045
FY 23 GENERAL
FUND
UNAUDITED
ACTUALS
SALES TAX
REVENUE
4 $50,110,935
Autos and
Transportation
16%
Building and
Construction
12%
Business and
Industry
12%
Foods and Drugs, 3%
Fuel and
Service
Stations
12%
General Consumer
Goods
15%
Restaurants and
Hotels
12%
County Pool
Allocations
18%
FY 23 – GENERAL FUND EXPENDITURES
REVISED BUDGET VS. ESTIMATE VS. ACTUALS
UNAUDITED
ACTUALS
YEAR-END
ESTIMATE
REVISED
BUDGET
93,878,35694,273,80494,858,456Salaries and Benefits
14,591,24615,162,37316,433,495Contractual Services
2,590,2401,488,8072,835,765Materials and Supplies
548,951526,710527,754Miscellaneous Expenses
501,255838,779838,779Capital Outlay
21,566,01721,566,79421,566,794Internal Services Costs
1,908,2561,715,4001,715,400Debt Service
135,584,321135,572,667141,777,595TOTAL OPERATING EXPENDITURES 5 23,276,94624,370,88424,370,884Transfers Out
158,861,268159,943,551161,147,327TOTAL EXPENDITURES
TN0
Slide 5
TN0 Add in transfers so that it is consistent with revenues.
Change the table to have operating expenditure and total expenditure.
Trang Nguyen, 2024-01-24T21:53:52.259
FY 23 GENERAL
FUND
UNAUDITED
ACTUALS
EXPENDITURE
6 $ 135,584,321
Salaries and
Benefits -
Safety
52%
Salaries and
Benefits -
Non-Safety
17% Contractual
Services
11%
Materials and
Supplies
2%
Misc Expenses
0.4%
Capital Outlay
<0.4%
Debt Service
2%
Internal Service Costs
16%
TN0
Slide 6
TN0 Same here. Is this FY23 numbers or FY24?
Trang Nguyen, 2024-01-24T21:54:20.348
FY 23 – GENERAL FUND SUMMARY
REVISED BUDGET VS. ESTIMATE VS. ACTUALS
UNAUDITED
ACTUALS
YEAR-END
ESTIMATE
REVISED
BUDGET
136,895,267135,699,062134,208,693Operating Revenues
(135,584,322)(135,572,667)(136,776,443)Operating Expenditure 1,310,945126,395(2,567,750)OPERATING
SURPLUS/DEFICIT
7 2,000,0002,000,0003,093,938Transfers In
(23,276,946)(24,370,884)(24,370,884)Transfer Out
(2,489,616)Adjustments (GASB 31 & Fund
115)
(1,736,528)Carryovers
(24,192,145)(22,244,489)(23,844,696)NET IMPACT TO FUND
BALANCE
UNAUDITED ACTUALS
46,710,828*Beginning Fund Balance – 7/1/22
136,895,267Revenues
84,287Adjustment (GASB 31)
2,000,000Transfers-In
138,979,554Total Revenues
(135,584,322)Expenditures
(23,276,946)Transfers-Out (ARPA)
(2,573,903)Adjustments (Fund 115)
(161,435,171)Total Expenditures
24,255,211*Unaudited Ending Fund Balance – 6/30/2023
(1,736,528)Committed Fund Balance – Carryovers
(22,506,997)Restricted Fund Balance – Catastrophic Reserve 11,658UNRESTRICTED EXCESS/(DEFICIT)
RESERVE – 6/30/23
FUND BALANCE – GENERAL FUND
*fund balance includes all designated expenses
TN0
Slide 8
TN0 Delete revised budget and year-end estimate. We don't need to repeat the information.
Trang Nguyen, 2024-02-01T19:08:45.252
FY 2024-25 BUDGET
TIMELINE
FEB MAR APR MAY
Department
Budget Meetings
with City Manager
11 th Strategic
Planning Session
21 st Budget Study
Session – General
Fund
16 th Budget
Study Session –
CIP
30 th Strategic
Planning Session
14 th/28 th
Preliminary
Budget
9 JUNE
11 th Budget
Adoption
QUESTIONS
10