City of Richmond
FY2022‐23 Mid‐Year Report
Attachment 3 ‐ General Fund Summary of Revenue and Expenditures ACCOUNT DESCRIPTION ORIGINAL
APPROP ADJSMTS REVISED BUDGET YTD ACTUAL ENCUMB. MID‐YEAR
ADJUSTMENTS
PROPOSED
MID‐YEAR
BUDGET
30 PROPERTY TAXES (46,056,962) ‐ (46,056,962) (22,393,586) ‐ (2,551,967) (48,608,929) 31 SALES & USE TAX (55,282,200) ‐ (55,282,200) (14,997,474) ‐ (271,937) (55,554,137) 32 UTILITY USERS TAX (49,963,589) ‐ (49,963,589) (28,763,607) ‐ (897,690) (50,861,279) 33 OTHER TAXES (21,638,449) ‐ (21,638,449) (5,994,224) ‐ (613,738) (22,252,187) 34 LICENSES,PRMITS&FEES (11,129,402) ‐ (11,129,402) (3,712,692) ‐ 48,446 (11,080,956) 35 FINES & FORFEITURES (475,275) ‐ (475,275) (85,022) ‐ 10,000 (465,275) 36 USE OF MONEY&PROPRTY (236,079) ‐ (236,079) (198,950) ‐ (784,968) (1,021,047) 37 CHARGES FOR SERVICES (3,571,292) ‐ (3,571,292) (1,964,022) ‐ 2,500 (3,568,792) 38 OTHER REVENUE (187,500) ‐ (187,500) (162,537) ‐ (5,045) (192,545) 39 RENTAL INCOME (874,506) ‐ (874,506) (536,066) ‐ ‐ (874,506) 3A INTERGOV STATE TAXES (125,000) ‐ (125,000) ‐ ‐ ‐ (125,000) 3C INTERGOV STATE GRANT (175,000) ‐ (175,000) (97,988) ‐ ‐ (175,000) 3D INTERGOV OTHER GRANT (253,569) (10,000) (263,569) (157,631) ‐ ‐ (263,569) 60 PROC FR SLE PROP (100,000) ‐ (100,000) (120) ‐ ‐ (100,000) 61 LOAN/BOND PROCEEDS ‐ ‐ ‐ (39,400) ‐ (39,400) (39,400) 90 OPER XFERS IN (16,563,424) ‐ (16,563,424) (16,520,032) ‐ (3,156,994) (19,720,418) Revenue Total (206,632,248) (10,000) (206,642,248) (95,623,350) ‐ (8,260,793) (214,903,040) 40 SALARIES AND WAGES 78,761,868 (283,662) 78,478,206 33,953,034 ‐ 352,244 78,830,450 41 PYRLL/FRINGE BENEFIT 66,929,804 (41,976) 66,887,828 28,575,517 ‐ ‐ 66,887,828 42 PROF & ADMIN 16,977,138 629,595 17,606,733 4,634,865 4,480,000 582,068 18,188,800 43 OTHER OPERATING 7,970,902 (367,541) 7,603,361 2,558,095 1,958,724 12,058 7,615,419 44 UTILITIES 5,399,957 3,565 5,403,522 2,075,143 771,078 ‐ 5,403,522 45 EQPT & CONTRACT SVCS 2,731,448 43,038 2,774,486 1,219,835 439,255 155,469 2,929,955 46 PROVISN FOR INS LOSS 25,725 3,916 29,641 28,641 ‐ ‐ 29,641 47 COST POOL 15,277,766 ‐ 15,277,766 7,638,878 ‐ ‐ 15,277,766 48 ASSET/CAPITAL OUTLAY 3,172,136 477,375 3,649,511 234,740 77,981 2,365,181 6,014,692 49 DEBT SVC EXPENDITURE 1,037,009 ‐ 1,037,009 530,970 ‐ ‐ 1,037,009 4A A87 COST PLAN REIMBS (3,531,610) ‐ (3,531,610) (1,754,649) ‐ ‐ (3,531,610) 50 GRANT EXPENDITURES 2,500 80,000 82,500 (1,694) 8,000 ‐ 82,500 91 OPER XFERS OUT 11,877,605 ‐ 11,877,605 5,165,386 ‐ 4,259,464 16,137,069 Expense Total 206,632,248 544,309 207,176,557 84,858,761 7,735,039 7,726,484 214,903,040 Net Variance (+)/‐ ‐ 534,309 534,309 (10,764,589) 7,735,039 (534,309) 0