FISCAL YEAR 2023- 24
QUARTER 1 BUDGET REPORT
DRAFT
Recommended Action
RECEIVE the FY 2023-24 Q1 budget report for the period of July 1, 2023, through September 30, 2023; and APPROVE proposed budget adjustments. (Andrea Miller 510-620-6790 / Mubeen Qader 510-412-2077)
2 FY 2023- 24 General Fund Revenue
3 50,567,173
56,752,495
55,775,083
23,237,723
18,246,774
485,000
20,310,358
-
3,510,502
18,202,648
1,261,128
1,750,832
89,613
20,245,270
- 10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 60,000,000
PROPERTY TAXES
SALES & USE TAX
UTILITY USERS TAX
OTHER TAXES
OTHER REVENUE
GRANTS
TRANSFERS IN
Amount
Revenue Category
ACTUALS REVISED BUDGET
FY 2023- 24 General Fund Expenditure
4 83,313,182
62,867,833
36,948,003
5,152,411
21,593,734
841,353
(3,531,611)
18,189,702
19,512,963
14,491,497
4,169,790
1,269,701
5,403,281
-
(913,905)
5,622,103
(10,000,000) - 10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 60,000,000 70,000,000 80,000,000 90,000,000
SALARIES AND WAGES
PYRLL/FRINGE BENEFIT
PROFESSIONAL AND OPERATIONS
UTILITIES
COST POOL
DEBT SVC EXPENDITURE
A87 COST PLAN REIMB.
TRANSFERS OUT
Amount
Expenditure Category
ACTUALS REVISED BUDGET
FY 2023- 24 Non- General Fund Revenue
5 46,289,757
19,551,216
41,443,142
1,911,772
5,563,388
30,919,340
34,415,944
152,897
52,129,697
90,000
2,166,464
9,029,460
1,161,224
1,171,535
509,398
7,637,345
3,219,152
152,897
3,861,062
185,472
- 10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 60,000,000 Total Capital Improvement Fund
Total Debt Service Fund
Total Enterprise Fund
Total Housing Funds
Total Housing Authority Funds
Total Internal Service Funds
Total Other Operations Funds
Total Pension Funds
Total Special Revenue Funds
Total Trust Funds
Amounts
Fund Type
YTD EXPENDED REVISED BUDGET
FY2023- 24 Non- General Fund Expenditures
6 72,522,611
19,174,878
86,084,855
6,249,305
5,570,438
37,839,838
34,411,604
68,239,021
90,000
535,759
7,188,326
7,399,192
175,260
593,576
6,466,483
4,216,394
60,279
26,583,346
26,960
0 20,000,000 40,000,000 60,000,000 80,000,000 100,000,000 Total Capital Improvement
Total Debt Service
Total Enterprise Fund
Total Housing Funds
Total Housing Authority
Total Internal Service Funds
Total Other Operations
Total Pension Funds
Total Special Revenue Funds
Total Trust Funds
Amount
Fund Type
YTD EXPENDED REVISED BUDGET
Proposed Budget Adjustments
• General Fund, $237,677 – Appropriate budget for Point Molate security contract • American Rescue Plan Act (ARPA) Fund - $17,490 Community Needs Assessment and Strategic Investment Plan (SIP), FY 2022-23 balance needed for payment of invoices.
• Emergency Operations and Disaster Operations Fund - $239,000 Winter Storm Project, FY2022-23 balance needed to continue with tree removal in areas impacted by last year’s storms. • Asset Seizure Fund - $61,460 balance needed from FY2022-23 to process payment for police service weapons purchased.
Only partial shipment was received due to shipping and manufacturing delays. • General Capital Fund - $282,525 Network Refresh Project FY2022-23 balance needed to continue project. • General Capital Fund - $358,160 Pt. Molate Cottages FY2022-23 balance needed for maintenance. • General Capital Fund - $1,000,000 Street Paving Project FY2022-23 balance needed for additional paving projects Citywide.
• Engineering Grant Fund – $2,500 revenue and expenditure for the Greenway Rehabilitation and Bike Education Project FY2022-23 grant balance.
• Park Open Space Impact Fee - $80,000 reinstate budget to the SF Bay Trail Project, funding was used for the Richmond Soccer Field Study
• Port of Richmond - $141,894 Cafeteria Building Winterization Project FY2022-23 balance needed for the project 7 Recommended Action
RECEIVE the FY 2023-24 Q1 budget report for the period of July 1, 2023, through September 30, 2023; and APPROVE proposed budget adjustments. (Andrea Miller 510-620-6790 / Mubeen Qader 510-412-2077)
8 Thank You
Questions?
9