City Council and Concurrent Authorities
March 1, 2022

FY 2021-22 First Quarter
Budget Update
City of Stockton
March 1, 2022
Item 15.3
1st Quarter FY 2021-22
General Fund Budget
As of September 30, 2021:
• Revenues = $24.3 million
• 9.7% of the $250.8 million budget
• Expenditures = $56.3 million
• 20% of the $277.3 million budget
FY 2017‐18 FY  2018‐19 FY  2019‐20 FY  2020‐21 FY  2021‐22 1st Quarter 11% 12% 14% 15% 10%
2nd Quarter 23% 31% 31% 34% 0%
3rd Quarter 62% 67% 67% 66% 0%
Year‐End 103% 105% 106% 121% 0%
Budget 100% 100% 100% 100% 100%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
110%
% of Annual Budget
General Fund Revenues
Quarterly Receipts as a % of Budget
1st Quarter FY 2021-22
General Fund Budget
23%
21% 21%
9%
13%
15%
18%
0%
$0
$0
$0
$0
$0
$0
Actual Expenditures % of Budget
1st Quarter Budget
Adjustments
• Increase the General Fund Fire Department Salary and
Benefit budgets by $340,000
• Appropriate $126,000 to the Miner Avenue Complete
Street Improvements Project
• Appropriate $100,350 in MUD utility funds to the Local Street Resurfacing Project and associated transfer
accounts
• Reduce budget appropriation in the Wastewater Utility fund by $189,817 and increase the Water Utility budget
by $123,986 and the Stormwater Utility budget by
$65,831
• Increase budget in the Office Equipment Internal Service Fund by $60,000
1st Quarter FY 2021-22
Recommendation
•Accept 1st Quarter Budget Status Update
•Approve budget amendments
• Fire Department General Fund budget  +$340,000
• Office Equipment Internal Service Fund  +$60,000
• 3 Municipal Utilities Department Water, Stormwater,
and Wastewater Utilities funds amendments