Finance Committee
February 28, 2024

Finance Committee
February 28, 2024
Fiscal Year 2022-2023
Unspent Funds
Estimated General Fund Surplus
Main Drivers
Sales Tax:
$3.1 M lower
Licenses, permits, investments, property tax:
$7.0 M higher
Expenditures:
$4.9 M lower
Total of $9.3 M surplus (pending final audit)
One
-Time
Funds =
One-Time
Uses
Capital
Projects
Community
Investment
Infrastructure
Liabilities &
Fiscal
Sustainability
Proposed Allocations
Project Allocation
Expanded Safety Ambassador Program $ 400,000
RV Outreach and Housing Navigation Program $ 296,143
Limited Term Part Time Crime Prevention Assistant $ 70,000 Community Safety Grants $ 275,000
Roofing Rehabilitation $ 366,000
Bonaire Park Well $ 300,000
Parking Garage Security Cameras $ 50,000
Public Works Security Gate $ 77,000
Risk Management General Liability Fund $ 466,562
Pension Trust Payment $ 4,629,000
Replenish Reserves for FY 2023-24 One-Time Expenses $ 2,328,295 TOTAL $ 9,258,000
General Fund Estimated Fund Balance
(in thousands)
Questions and Discussion
for Recommendation