ATTACHMENT A
City of Stockton
FY 2023-24 Budget Update - Third Quarter
General Fund - 100 by Program (Budgetary Basis)
Year to Date Year-End Projection Variance
Approved Activity % of Projected vs. Approved from
Budget Thru 3/31/2024 Budget as of 3/31/24 Budget Budget Beginning Available Balance 39,045,490$ 39,045,490$ 39,045,490$ Release of Funds* 51,219,335 51,219,335 51,219,335 90,264,825 90,264,825 90,264,825
Revenues
General Tax Revenues 232,931,661 140,567,442 60% 241,319,140 8,387,479 3.6% Measure A/B Sales Tax 46,338,887 27,142,937 59% 46,147,356 (191,531) -0.4% Program Revenues 17,221,440 14,217,426 83% 21,745,962 4,524,522 26.3% Interfund Reimbursements 8,978,916 6,493,091 72% 7,723,117 (1,255,799) -14.0% 305,470,904 188,420,896 62% 316,935,576 11,464,671 3.8% Expenditures
Programs
Police 161,400,740 109,483,202 68% 148,799,631 12,601,110 7.8% Fire 60,610,969 42,550,838 70% 57,430,698 3,180,270 5.2% Public Works 22,040,496 13,521,880 61% 19,213,205 2,827,291 12.8% Economic Development 7,823,226 1,929,996 25% 2,887,103 4,936,122 63.1% Office of Violence Prevention 2,265,599 1,582,813 70% 2,130,129 135,470 6.0% 254,141,030 169,068,730 67% 230,460,767 23,680,263 9.3% Program Support for Other Funds
Library 4,109,000 3,081,750 75% 4,109,000 - 0.0% Recreation 3,292,592 2,469,444 75% 3,292,592 -
0.0%
Entertainment Venues 4,446,074 3,334,556 75% 4,446,074 -
0.0%
Downtown Marina 262,000
196,500 75% 262,000 -
0.0%
Capital Improvement 42,550,931 3,862,500 9% 42,550,931 -
0.0%
Golf Course 110,000
82,500
75% 110,000 -
0.0%
Grant Match 100,000
-
0% -
100,000
100.0%
Development Services 800,000
600,000 75% 800,000 -
0.0%
55,670,597 13,627,250 24% 55,570,597 100,000 0.2% Administration
City Council 1,178,713 762,879 65% 1,026,825 151,888 12.9% City Manager 3,350,649 1,821,063 54% 2,568,794 781,855 23.3% City Attorney 1,488,127 821,149 55% 1,129,196 358,931 24.1% City Clerk 1,248,120 878,395 70% 1,151,541 96,580 7.7% City Auditor 1,050,040 375,853 36% 654,188 395,852 37.7% Administrative Services 6,802,864 4,156,149 61% 5,493,300 1,309,564 19.3% Human Resources 4,364,245 1,797,889 41% 2,464,970 1,899,276 43.5% Tax Collection 2,789,474 1,126,944 40% 2,109,367 680,108 24.4% Elections 550,000
-
0% -
550,000
100.0%
Other Administration (40,191)
(46,000)
114% (308,968) 268,777
-668.8%
General Legal 500,000
211,751 42% 253,509 246,491
49.3%
23,282,042 11,906,071 51% 16,542,721 6,739,321 28.9% Debt Service 7,988,425 -
0% 9,061,425 (1,073,000) -13.4%
Contingency - -
-
-
T
otal Expenditures 341,082,094 194,602,051 57% 311,635,510 29,446,584 8.6% Net Annual Activity (35,611,190) (6,181,155) 5,300,066 40,911,255 Proj. Ending Available Balance 54,653,635$ 95,564,890$ 40,911,255$ Fund Balance as % of Expenses 16% 31%
*Actuals are unaudited and may not include all closing activities