Fiscal Year 2024-25
Quarter 1 Budget Report
DRAFT
Recommended Action
2 RECEIVE the FY 2024-25 Q1 budget report for the period of July 1, 2024, through September 30, 2024; and ADOPT a Resolution approving proposed budget adjustments. (Andrea Miller 510-620- 6790 / Mubeen Qader 510-412-2077 / Jerry Gurule 510-620- 6591)
FY 2024-25 General Fund Revenue
3 57,597,487
60,456,550
62,092,359
23,405,397
22,457,040
505,000
22,421,539
-
3,696,443
16,880,289
4,483,079
3,652,246
190,465
22,356,469
- 10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 60,000,000 70,000,000
PROPERTY TAXES
SALES & USE TAX
UTILITY USERS TAX
OTHER TAXES
OTHER REVENUE
GRANTS
TRANSFERS IN
Amount
Revenue Category
ACTUALS REVISED BUDGET
95,257,157
70,546,262
36,519,770
5,611,745
23,450,598
850,905
(3,514,373)
20,557,373
21,405,267
17,883,474
4,627,336
1,736,112
5,850,156
-
(911,167)
8,489,338
(20,000,000) - 20,000,000 40,000,000 60,000,000 80,000,000 100,000,000 120,000,000
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 2024-25 General Fund Expenditure
4 FY 2024-25 Non-General Fund Revenue
5 67,930,475
16,161,500
39,394,502
2,718,720
4,676,806
36,850,188
27,524,024
62,858,434
11,214,258
6,196,980
1,896,305
912,150
712,443
9,806,517
3,751,366
5,396,928
- 10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 60,000,000 70,000,000 80,000,000 Total Capital Improvement Fund
Total Debt Service Funds
Total Enterprise Funds
Total Housing Funds
Total Housing Authority Funds
Total Internal Service Funds
Total Other Operations Funds
Total Special Revenue Funds
Amount
Fund Type
ACTUALS REVISED BUDGET
FY2024-25 Non-General Fund Expenditures
6 91,657,555
16,261,836
78,923,673
5,838,425
4,685,856
45,787,951
33,952,759
101,310,763
2,686,813
4,219,863
13,599,411
119,852
527,725
15,177,963
4,650,514
28,938,253
0 20,000,000 40,000,000 60,000,000 80,000,000 100,000,000 120,000,000 Total Capital Improvement Fund
Total Debt Service Funds
Total Enterprise Funds
Total Housing Funds
Total Housing Authority Funds
Total Internal Service Funds
Total Other Operations Funds
Total Special Revenue Funds
Amount
Fund Type
ACTUALS REVISED BUDGET
Proposed Budget Adjustments
General Fund, $544,600 Revenue and $879,064 Expenditure – Revenue Adjustments of $444,600 for Sales tax update from Consultant, Avenu Analytics and $100,000 for 2% admin fee collected from credit card transactions, administrative adjustments for Mid-Year Carried Forward Purchase Orders for IT Infrastructure in the amount of $344,064, $100,000 appropriation for Property Tax bills to Contra Costa County and Richmond Main Street, $80,000 appropriation for Mandatory Code Enforcement Radios, and Transfer out $355,000 to General Capital for CCTV Cameras Rent Program, ($10,000) Revenue and ($10,000) Expenditure – Administrative Adjustment to match Rent Board Approved Budget for Fiscal Year 2024-25, Rent Board Removed 360 Evaluation, which would result in a reduction in the Rental Housing Fee.
Engineering Grants, $178,400 Revenue and $178,400 Expenditure– Appropriate revenue and expenditure for TDA Grant for Downtown Point Richmond Bicycle Connectivity Project. General Capital Fund, $355,000 Revenue and $3,733,239 Expenditure – Transfer in from General Fund for CCTV Cameras for $355,000 and appropriate expenditure for $355,000 for CCTV Cameras. Appropriate expenditures from fund balance of $3,000,000 for Main Library Remodel Project, $110,739 from fund balance to close out Santa Rita Road Stabilization Project, and $267,500 from fund balance for Downtown Point Richmond Bicycle Connectivity Project. Wastewater, $8,530,394 – Appropriate expenditures of $732,938 for Wastewater Treatment Plant Dichlorination and $7,797,456 for Wastewater Treatment Plant Sludge Thickener Project. 7 Recommended Action
RECEIVE the FY 2024-25 Q1 budget report for the period of July 1, 2024, through September 30, 2024; and ADOPT a Resolution approving proposed budget adjustments. (Andrea Miller 510-620- 6790 / Mubeen Qader 510-412-2077 / Jerry Gurule 510-620- 6591)
8 Thank You
Questions?
9