City of Richmond
FY2023‐24 Mid‐Year Report
Attachment 1 ‐ General Fund Revenue and Expenditure Summary FUNDS ORIGINAL APPROP REVISED BUDGET YTD ACTUAL ENCUMB W/
ENCUMB
% USED
W/O
ENCUMB
% USED
AVAILABLE
BUDGET ADJUSTMENTS
GENERAL FUND REVENUE & EXPENDITURE SUMMARY
GENERAL FUND REVENUE SUMMARY BY CHARACTER
PROPERTY TAXES (50,567,173) (50,567,173) (23,877,788) ‐ 47% 47% (26,689,385) (1,614,181) SALES & USE TAX (56,752,495) (56,752,495) (15,864,789) ‐ 28% 28% (40,887,706) (1,144,846) UTILITY USERS TAX (55,775,083) (55,775,083) (31,341,319) ‐ 56% 56% (24,433,765) (2,162,928) OTHER TAXES (23,237,723) (23,237,723) (3,542,186) ‐ 15% 15% (19,695,537) (906,654) LICENSES,PRMITS&FEES (13,286,195) (13,286,195) (2,006,437) ‐ 15% 15% (11,279,759) (2,492,980) FINES & FORFEITURES (331,144) (331,144) (70,194) ‐ 21% 21% (260,950) 179,706 USE OF MONEY&PROPRTY (1,011,535) (1,011,535) (877,697) ‐ 87% 87% (133,838) (784,886) CHARGES FOR SERVICES (2,561,992) (2,561,992) (949,409) ‐ 37% 37% (1,612,583) 25,000 OTHER REVENUE (238,480) (238,480) (137,190) ‐ 58% 58% (101,290) ‐ RENTAL INCOME (777,028) (777,028) (549,296) ‐ 71% 71% (227,732) ‐ INTERGOV STATE TAXES (125,000) (125,000) ‐ ‐ 0% 0% (125,000) ‐ INTERGOV STATE GRANT (110,000) (110,000) (148,524) ‐ 135% 135% 38,524 (73,911) INTERGOV OTHER GRANT (250,000) (250,000) (200,818) ‐ 80% 80% (49,182) (30,000) PROC FR SLE PROP ‐ ‐ (62,711) ‐ ‐ ‐ 62,711 ‐ LOAN/BOND PROCEEDS (40,400) (40,400) ‐ ‐ 0% 0% (40,400) ‐ OPER XFERS IN (20,310,358) (20,310,358) (20,266,966) ‐ 100% 100% (43,392) ‐ TOTAL GENERAL FUND REVENUE (225,374,607) (225,374,607) (99,895,323) ‐ 44% 44% (125,479,283) (9,005,680) GENERAL FUND EXPENDITURES SUMMARY BY CHARACTER
SALARIES AND WAGES 83,345,132 83,181,052 39,413,373 ‐ 47% 47% 43,767,679 2,746,272 PYRLL/FRINGE BENEFIT 62,867,833 62,866,974 29,285,450 ‐ 47% 47% 33,581,524 2,671,322 PROF & ADMIN 20,302,711 20,874,642 5,274,821 4,639,736 47% 25% 10,960,086 612,471 OTHER OPERATING 8,611,971 8,644,492 2,718,776 2,118,881 56% 31% 3,806,835 473,239 UTILITIES 5,288,272 5,153,706 2,597,648 355,467 57% 50% 2,200,592 525,000 EQPT & CONTRACT SVCS 5,918,655 5,251,708 1,397,456 574,433 38% 27% 3,279,818 640,000 PROVISN FOR INS LOSS 34,200 34,200 29,572 ‐ 86% 86% 4,628 ‐ COST POOL 21,593,734 21,593,734 10,806,533 ‐ 50% 50% 10,787,201 ‐ ASSET/CAPITAL OUTLAY 1,893,500 2,694,363 1,121,993 315,068 53% 42% 1,257,302 ‐ DEBT SVC EXPENDITURE 841,353 841,353 418,000 ‐ 50% 50% 423,353 ‐ A87 COST PLAN REIMBS (3,531,611) (3,531,611) (1,827,819) ‐ 52% 52% (1,703,792) 17,238 GRANT EXPENDITURES 19,155 19,155 (1,625) 6,277 24% ‐8% 14,503 ‐ OPER XFERS OUT 18,189,702 27,709,920 18,468,514 ‐ 67% 67% 9,241,406 2,088,206 TOTAL GENERAL FUND EXPENDITURE 225,374,607 235,333,687 109,702,690 8,009,862 50% 47% 117,621,135 9,773,748