Point Arena City Council
February 27, 2024

Exhibit B-1.0
6/30/23 Final
Budget
6/30/23
Actuals
Final 23-24
Budget
Actuals through
12/31/23 %
6/30/24
Estimated
Actuals
Adjusted Midyear Budget
Budget
Adjustment
General Fund
General Revenues
Cannabis Excise Tax $ - 10,207 $ 0% - $ -
Property Taxes 75,000 85,358 36,521 49% 73,042 75,000 - Motor Vehicle In-lieu Tax 30,000 24,331 0% - - (30,000) Sales Taxes - General 110,000 109,370 25,816 23% 51,632 60,000 (50,000) Sales Taxes - Streets 45,000 43,080 28,164 63% 56,328 60,000 15,000 Transient Occupancy Taxes 188,000 188,436 49,411 26% 98,822 100,000 (88,000) TOT Measure AC 25,000 726 0% - 25,000 -
Other Taxes 5,000 6,936 191 4% 382 5,000 -
Franchise Fees 12,000 6,425 6,000 50% 12,000 12,000 -
Use of Property 30,000 3,555 14,559 0% 29,118 30,000 -
Interest Income 500 1,152 62 12% 124 250 (250)
Planning Revenues 34,180 30,000 2,990 10% 20,000 20,000 (10,000) Business licenses 6,019 6,000 1,814 0% 3,628 5,000 (1,000) Intergovernmental - grants 288,563 175,000 96,565 55% 193,130 190,000 15,000 Prop 68 - 75,000 113,465 151% 175,000 175,000 100,000
Recycling Grant 5,000 5,000 0% 5,000 5,000 -
Other revenues 53,235 50,000 34,091 68% 49,091 50,000 - 861,500 866,573 409,649 48% 767,297 812,250 (49,250)
Administration Costs 437,579 340,000 219,997 65% 439,994 340,000 - Legislative Costs 9,265 10,000 7,669 77% 15,338 15,000 5,000 Planning Costs 176,177 90,000 28,544 32% 57,088 60,000 (30,000) Public Safety Costs 180,994 120,000 29,387 24% 58,774 90,000 (30,000) Recycling Costs 17,723 10,000 7,828 78% 15,656 15,000 5,000 Maintenance Costs 12,408 12,000 2,386 20% 4,772 5,000 (7,000) Streets 15,081 80,000 35,053 44% 70,106 70,000 (10,000) Parks Costs 188,469 80,000 40,160 50% 80,320 80,000 -
Debt service - Principal - 10,000 - 0% 8,167 10,000 -
Debt service - Interest - 30,000 14,369 48% 25,874 30,000 - Capital outlay - Prop 68 - 75,000 59,177 79% 60,000 60,000 (15,000) 857,000 1,037,696 444,570 52% 836,089 775,000 (82,000)
Excess (deficiency) (171,123) 4,500 (34,921) (68,792) 37,250 32,750 Exhibit B-1.0
6/30/23 Final
Budget
6/30/23
Actuals
Final 23-24
Budget
Actuals through
12/31/23 %
6/30/24
Estimated
Actuals
Adjusted Midyear Budget
Budget
Adjustment
Gas Tax Fund
Revenues 38,848 40,000 15,671 39% 31,342 30,000 (10,000) Expenses 65,768 - 0% -
Transfers (40,000) (31,342) (30,000) 10,000
Revolving Loan Fund
General Revenues 19,819 20,000 8,458 42% 16,916 20,000 - Intergovernmental - Grants 168,021 - 120,080 0% 120,080 120,000 120,000 20,000 187,840 128,538 136,996 140,000
Expenses 88,413 20,000 4,012 20% 8,024 10,000 (10,000)
Grants 86,500 108,000 0% 108,000 108,000 108,000
20,000 174,913 112,012 116,024 118,000
Excess (deficiency) 12,927 - 16,526 20,972 22,000
Exhibit B-1.0
6/30/23 Final
Budget
6/30/23
Actuals
Final 23-24
Budget
Actuals through
12/31/23 %
6/30/24
Estimated
Actuals
Adjusted Midyear Budget
Budget
Adjustment
WWTP
Sewer Fees - Operations 205,461 210,000 111,181 53% 222,362 225,000 15,000 Sewer Fees - Capital 29,875 54,000 28,040 52% 56,080 56,000 2,000 Connection Fees - 0% -
Grants 180,237 50,000 17,014 0% 34,028 50,000 -
Interest - 0% - -
314,000 415,573 156,235 312,470 331,000 17,000
Operating Costs 202,558 210,000 113,314 54% 226,628 200,000 (10,000) Capital Costs 361,515 104,000 108,077 104% 216,154 125,000 21,000 314,000 564,073 221,391 442,782 325,000 11,000
Excess (deficiency) (148,500) - (65,156) (130,312) 6,000 Pier
Fees & Services 42,932 45,000 21,837 49% 43,674 50,000 5,000 Repair & Replacement Revenue 128,989 100,000 0% - (100,000) Storm Damage Grants 50,000 - 60,000 10,000
195,000 171,921 21,837 43,674 110,000 (85,000)
Operating Costs 102,245 95,000 48,448 51% 96,896 60,000 (35,000) Storm Damage Mitigation - 50,000 - (50,000)
Repair & Replacement Costs 204,627 50,000 41,468 83% 82,936 50,000 - 195,000 306,872 89,916 179,832 110,000 (85,000)
Excess (deficiency) (134,951) - (68,079) (136,158)
Capital projects
Revenues 299,613 250,000 4,141 0% 50,000 50,000 (200,000) Expenses 295,295 48,000 6,679 0% 13,358 25,000 (23,000) 202,000 4,318 (2,538) 36,642 25,000 (223,000)
(246,306) (138,497)
Exhibit B-1.1
Fund
Beginning
Balance
7/1/23 Revenues Expenses Transfers
Ending
Balance
6/30/24
General Fund 395,729 812,250 (775,000) 30,000 462,979
Gas Tax 0 30,000 (30,000) -
Revolving Loan 402,296 140,000 (118,000) - 424,296
Capital projects (407,102) 50,000 (25,000) - (382,102)
Waste Water Operations (81,624) 225,000 (200,000) - (56,624) Waste Water R&R 241,560 106,000 (125,000) 222,560
Pier Operations (274,105) 50,000 (60,000) (284,105)
Pier R&R 1,027,636 60,000 (50,000) - 1,037,636
TOTALS 1,304,390 1,473,250 (1,353,000) - 1,424,640
Point Arena Fund Summary FY 2023-2024