Richmond City Council
May 5, 2026

Attachment 1 - General Fund Revenue and Expenditure Summary FY 2025-26 FY 2025-26 FY 2026-27 Amount Percent
General Fund
YTD - Actuals as of
March 31, 2026
Revised Budget Draft Budget Change Change
Property Taxes (30,659,082) (58,329,291) (60,134,838) (1,805,547) 3.1% Sales & Use Tax (35,530,039) (60,163,807) (63,437,266) (3,273,459) 5.4% Utility Users Tax (46,302,979) (66,351,265) (70,472,872) (4,121,607) 6.2% Other Taxes (13,496,715) (28,399,659) (28,399,004) 655 0.0% Licenses, Permits & Fees (11,704,167) (17,274,036) (18,359,604) (1,085,568) 6.3% Fines & Forfeitures (699,502) (200,000) (760,000) (560,000) 280.0% Interest Income (3,479,309) (3,030,545) (3,530,545) (500,000) 16.5% Charges For Services (1,984,351) (3,724,495) (3,788,381) (63,886) 1.7% Other Revenue (50,325,839) (50,167,500) (50,187,500) (20,000) 0.0% Rental Income (641,870) (791,157) (766,657) 24,500 -3.1% Intergovernmental State Taxes (177,196) (150,000) (150,000) - 0.0% Intergovernmental State Grant (321,295) (180,000) (230,000) (50,000) 27.8% Intergovernmental Other Grant (282,265) (290,000) (290,000) - 0.0% Proceeds From Sale of Property (476) (15,000) (15,000) - 0.0% Loan/Bond Proceeds - (40,400) (40,400) - 0.0% Operating Transfers In (20,832,281) (20,853,959) (23,274,676) (2,420,717) 11.6% Total Revenues (216,437,365) (309,961,114) (323,836,742) (13,875,629) 4.5% Salaries & Wages 72,826,193 96,457,653 101,100,394 4,642,741 4.8% Fringe Benefits 56,322,716 75,086,982 83,623,518 8,536,537 11.4% Professional & Administrative 16,207,343 28,218,980 28,585,075 366,095 1.3% Other Operating 6,585,444 8,528,480 8,729,889 201,410 2.4% Utilities 6,455,498 7,828,970 7,302,430 (526,540) -6.7% Equipment & Contract Services 3,732,434 5,337,487 5,391,635 54,148 1.0% Provision For Insurance Loss 39,446 46,500 50,500 4,000 8.6% Cost Pool 16,722,751 21,145,184 19,346,861 (1,798,323) -8.5% Asset/Capital Outlay 2,493,669 3,417,773 2,755,390 (662,382) -19.4% Debt Service Expenditure 428,682 775,647 174,047 (601,600) -77.6% Cost Plan Reimbursement (2,624,198) (3,362,171) (3,530,279) (168,108) 5.0% Grant Expenditures (1,817) - 34,497 34,497 - Transfers Out 18,739,278 31,107,929 21,772,784 (9,335,145) -30.0% Total Expenditures 197,927,440 274,589,413 275,336,742 747,329 0.3% Grand Totals (18,509,925) (35,371,700) (48,500,000) (13,128,300) 37.1%