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Fiscal Year 2021-22
Third Quarter
Financial Update
Finance Committee Meeting | May 3, 2022
General Fund -
Key Highlights General Fund year-to-date revenues are in line with budget
General Fund year-to-date expenditures are
within budget
Property Tax, Sales Tax, Utility Users Tax,
and Property Transfer Tax represent about
79% of the GF revenue budget
GENERAL FUND YTD REVENUE / BUDGET
$84M / $128M
(+13% from prior fiscal year)
GENERAL FUND YTD REVENUE / BUDGET
$74M / $122M
66% 61%
YTD Actual as a Percentage of Budget
Fiscal Year 2021-22 Fiscal Year 2020-21
G
eneral
Fund
Revenues
Year-to-daterevenuesarehigherthanthesame
period lastyear
GENERAL FUND YTD EXPENDITURE / BUDGET
$80M / $131M
(+11% from prior fiscal year)
GENERAL FUND YTD EXPENDITURE / BUDGET
$72M / $120M
61% 60%
YTD Actual as a Percentage of Budget
Fiscal Year 2021-22 Fiscal Year 2020-21
General Fund
Expenditures
Year-to-date expenditures are higher than the same
period last year
Current year expenditures reflect a $5M contribution
to the Pension Trust
Other Funds -
Key Highlights
Enterprise, Internal Service, and Parking
Funds - revenues and expenditures are in
line with budget
The Parking Fund will receive a one-time
$550K contribution from the General Fund
to offset lost revenue resulted from the
pandemic
See revenue and expenditure table
on next page
Other Funds -
Revenues and
Expenditures
Thank You!