City Council and Concurrent Authorities
December 3, 2024

ATTACHMENT A
City of Stockton
FY 2023-24 Budget Update - Fourth Quarter
General Fund - 100 by Program (Budgetary Basis)
Projection Variance
Approved Year End vs. Approved from
Budget Projection Budget Budget
Beginning Available Balance 39,045,490$ 39,045,490$ Release of Funds* 62,337,838 62,337,838
101,383,328 101,383,328
Revenues
General Tax Revenues 232,931,661 249,432,422 16,500,761 7.1% Measure A/B Sales Tax 46,338,887 46,214,556 (124,331) -0.3% Program Revenues 17,221,440 21,528,348 4,306,908 25.0% Interfund Reimbursements 8,949,916 8,435,038 (514,878) -5.8% 305,441,904 325,610,363 20,168,459 6.6% Expenditures
Programs
Police 161,411,648 151,009,509 (10,402,139) -6.4% Fire 60,610,969 58,214,372 (2,396,597) -4.0% Public Works 21,928,870 21,559,956 (368,914) -1.7% Economic Development 8,823,226 8,400,777 (422,449) -4.8% Office of Violence Prevention 2,265,599 2,142,813 (122,786) -5.4% 255,040,312 241,327,427 (13,712,885) -5.4% Program Support for Other Funds
Library 4,109,000 4,109,000 - 0.0% Recreation 5,378,592 5,378,592 - 0.0% Entertainment Venues 4,446,074 4,446,074 - 0.0% Downtown Marina 262,000 262,000 - 0.0% Capital Improvement 44,550,931 44,550,931 - 0.0% Golf Course 110,000 110,000 - 0.0% Grant Match 100,000 - (100,000) -100.0% Development Services 800,000 800,000 - 0.0% 59,756,597 59,656,597 (100,000) -0.2% Administration
City Council 1,178,713 1,137,715 (40,997) -3.5% City Manager 3,350,649 2,596,190 (754,459) -22.5% City Attorney 1,488,127 1,154,388 (333,738) -22.4% City Clerk 1,248,120 1,216,382 (31,738) -2.5% City Auditor 1,095,040 1,095,040 - 0.0% Administrative Services 6,838,554 5,765,381 (1,073,173) -15.7% Human Resources 9,364,245 8,789,587 (574,658) -6.1% Tax Collection 2,755,005 2,402,069 (352,936) -12.8% Elections 750,000 750,000 - 0.0% Other Administration (255,191) 94,144 349,335 -136.9% General Legal 500,000 253,509 (246,491) -49.3% 28,313,263 25,254,407 (3,058,857) -10.8% Debt Service 9,061,425 9,061,425 - 0.0% Contingency - - - Total Expenditures 352,171,597 335,299,856 (16,871,741) -4.8% Net Annual Activity (46,729,693) (9,689,493) 37,040,200 Proj. Ending Available Balance54,653,635$ 91,693,835$ 37,040,200$ Fund Balance as % of Expenses 16% 27%
*Actuals are unaudited and may not include all closing activities