FY 2022-23 MID-YEAR FINANCIAL
REPORT AND BUDGET ADJUSTMENT
Finance Committee
March 22, 2023
REVENUE IN DOLLARS
$-
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
Sales Tax Property Tax Property Transfer Tax Utility Users Tax Franchise Fees Other Revenue $ in 000s
Actual Budget
REVENUE IN PERCENTAGE
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Sales Tax Property Tax Property Transfer Tax Utility Users Tax Franchise Fees Other Revenue Actual Budget
EXPENDITURES
• $52.7 M expended
• $99.2 M remaining budget
• $151.4 M total budget
• 35% expended vs. 50% of year completed
$52,743
35%
$99,173
65%
Expended Remaining Budget
ENTERPRISE, INTERNAL SERVICE, AND
PARKING FUNDS
• Around 22% of total approved budget
• All funds are General Fund-subsidized
• All funds
• Revenue: 9% to 100% of budget
• Expenditures: 20% to 56%
• Revenue for the Shoreline Enterprise Fund is already at 100%
BUDGET ADJUSTMENT
Shoreline Park at the Marina
• $5.8 M to capital project fund
• Funded from property tax and transaction revenue
Downtown Safety Ambassador Program
• $93,000 to fully fund program for remainder of fiscal year • Funded from salary savings
Technology Upgrade Initiatives
• $670,000 to fund network infrastructure, security, equipment, and wireless upgrades • Funded from salary savings
QUESTIONS?