1st Quarter General
Fund Budget Report
Fiscal Year 2024-2025
Presentation Outline
• Covers July through
September
• Revenues
• Expenditures
• Budget Timeline
2 FY 25 First Quarter Revenues
($14.4 million)
3 Property Tax
5%
Sales Tax
37%
License & Permit
14%
Interfund
Revenue
12%
Fee for
Services
7%
Transient
Occupancy
Tax
8%
Franchise
1%
Use of
Money &
Property
1%
Fine & Forfeiture
2%
Transfers in
7%
Revenue from Other
Agencies
2%
Miscellaneous
Revenue
4%
Other
17%
FY 25 First Quarter Revenues
($14.4 million)
4 A D O P T E D
BU D G E T
1 ST
QUA R T E R % R E C E I V E D
Property Tax 55,710,900 799,436 1%
Sales Tax 51,617,688 5,330,425 10%
Transient Occupancy Tax 5,858,800 1,168,748 20%
Franchise 3,220,194 77,000 2%
License & Permit 7,089,937 1,990,916 28%
Interfund Revenues 7,050,201 1,762,550 25%
Fines and Forfeitures 3,040,600 309,979 10%
Use of Money and Property 3,075,251 164,972 5%
Revenues from Other Agencies 1,698,690 327,943 19%
Fees for Service 6,053,273 1,009,439 17%
Miscellaneous Revenues 1,176,390 514,296 44%
Transfers in 3,000,000 1,000,000 33%
T O TA L R E V E N U E S 140,587,628 12,603,170 9%
FY 25 First Quarter Revenues
($14.4 million)
5 -26%
+100%
+33% -74%+100%+33%
FY24 Q1 Revenue
$12,603,171
FY25 Q1 Revenue
$14,455,706
$1,852,535 or 15%
from FY24 Q1
FY 25 First Quarter Revenues
($14.4 million)
6 FY24 Q1 Revenue
$12,603,171
FY25 Q1 Revenue
$14,455,706
$1,852,535 or 15%
from FY24 Q1
$0
$2
$4
$6
$8
$10
$12Millions
FY25 Q1
FY24 Q1
FY 25 First Quarter Expenditures
($37.3 million)
7 Salaries and
Benefits - Safety
57%
Salaries and
Benefits - Misc
19%
Internal
Service
Costs
9% Contractual
Services
14%
Materials
and Supplies
1%
Miscellaneous
Expenditures
0%
Other
15%
FY 25 First Quarter Expenditures
($37.3 million)
8 A D O P T E D
BU D G E T
1 ST
QUA R T E R % O F BU D G E T
Salaries and Benefits 106,987,681 28,090,836 26%
Contractual Services 15,584,636 5,298,376 34%
Materials and Supplies 2,298,332 464,382 20%
Miscellaneous Expenses 684,861 106,116 15%
Debt Services 1,714,700 0 0%
Capital Outlay 69,982 39,022 56%
Internal Service Costs 29,837,231 3,351,797 11%
T O TA L O P E R AT I N G
E X P E N D I T U R E S 157,177,423 37,350,529 24%
FY 25 First Quarter Expenditures
($37.3 million)
9 FY24 Q1
Expenditure
$26,809,524
FY25 Q1
Expenditures
$37,350,529
$10,541,005 or 39%
from FY24 Q1
+20%
+79%
+100%
FY 25 First Quarter Expenditures
($37.3 million)
10 FY24 Q1
Expenditure
$26,809,524
FY25 Q1
Expenditures
$37,350,529
$10,541,005 or 39%
from FY24 Q1
$0
$10
$20
$30
$40
$50
$60Millions
FY25 Q1
FY24 Q1
Timeline
Budget Kickoff
November 2024
Mid Year Report
Dept Budget Meetings
with City Manager
February 2025
3rd Qtr Report
Budget Study
Session - CIP
March 2025
Budget Study Session –
General Fund
April 2025
Preliminary Budget
May 2025
Budget Adoption
June 2025
11 Questions?
Trang Nguyen, Finance Director
Michelle Kresan, Budget Manager
12