Richmond City Council
May 7, 2024

Attachment 1 ‐ General Fund Revenue and Expenditure Summary FY2023‐24 FY2023 ‐24 FY2024 ‐25 PERCENT
GENERAL FUND  YTD ‐ ACTUALS REVISED  BUDGET DRAFT  BUDGET CHANGE PROPERTY TAXES  (28,367,873)            (52,181,354)            (55,866,944)            7.10% SALES & USE TAX  (35,235,093)            (57,897,341)            (61,366,250)            6.00% UTILITY USERS TAX  (43,516,676)            (57,938,011)            (62,092,359)            7.20% OTHER TAXES  (7,498,664)              (24,144,377)            (27,799,882)            15.10% LICENSES,PRMITS&FEES  (11,092,118)            (15,779,175)            (16,252,810)            3.00% FINES & FORFEITURES  (132,107)                  (151,438)                  (176,438)                  16.50% USE OF MONEY&PROPRTY  (1,871,727)              (1,796,421)              (1,796,421)              0.00% CHARGES FOR SERVICES  (1,622,050)              (2,536,992)              (3,255,703)              28.30% OTHER REVENUE  (190,672)                  (238,480)                  (142,830)                  ‐ 40.10% RENTAL INCOME  (743,653)                  (777,028)                  (777,478)                  0.10% INTERGOV STATE TAXES  (143,154)                  (125,000)                  (125,000)                  0.00% INTERGOV STATE GRANT  (146,980)                  (183,911)                  (130,000)                  ‐ 29.30% INTERGOV OTHER GRANT  (328,851)                  (280,000)                  (250,000)                  ‐ 10.70% PROC FR SLE PROP  (4,987)                      (15,000)                    0.00% LOAN/BOND PROCEEDS ‐                             (40,400)                    (40,400)                    0.00% OPER XFERS IN  (20,288,662)            (20,310,358)            (22,421,539)            10.40% TOTAL REVENUE (151,183,268)          (234,380,287)         (252,509,054)         7.70% SALARIES AND WAGES  59,720,372             85,847,575             95,348,610             11.10% PYRLL/FRINGE BENEFIT  45,714,058             65,538,296             69,314,722             5.80% PROF & ADMIN  8,367,438                21,688,714             21,301,798             ‐ 1.90% OTHER OPERATING  4,215,595                8,963,844                8,762,886                ‐ 2.40% UTILITIES  3,964,534                5,690,630                5,594,204                ‐ 1.50% EQPT & CONTRACT SVCS  2,124,002                5,946,835                4,315,665                ‐ 27.50% PROVISN FOR INS LOSS  29,572                     34,200                     35,500                     3.80% COST POOL  16,209,785             21,593,734             24,700,598             14.40% ASSET/CAPITAL OUTLAY  1,397,213                2,817,457                2,502,328                ‐ 14.00% DEBT SVC EXPENDITURE  418,000                   841,353                   850,905                   1.10% A87 COST PLAN REIMBS  (2,728,797)              (3,514,373)              (3,514,373)              0.00% GRANT EXPENDITURES  (1,625)                      98,723                     49,013                     ‐ 50.40% OPER XFERS OUT  22,463,494             30,748,126             23,247,198             ‐ 24.40% TOTAL EXPENSE 161,893,640            246,295,113           252,509,054           0.90% GRAND TOTAL 10,710,373              11,914,826             ‐                             ‐ 100.00%