2024.06 Monthly Budget ReportDQf!�C�WARD
MONTHLY BUDGET FINANCIAL STATUS UPDATE
To: Mayor and Council members
From: Noah Crocker, Finance Director
Period: June 2024
OVERVIEW:
The Finance Department is committed to providing clear information to the Mayor, Council, and staff regarding
the budget status of the city. We have prepared the following reports to keep you up to date on the current
budget status of the city.
1) Budget Report
2) Detail Fund Summary Report
BUDGET REPORT:
The Budget report will first provide Operational Funds and follow up with Capital Projects Funds. This report does
not include beginning fund balance. This report is designed to provide a high-level view of each fund reviewing
total revenues and expenses. The report does provide expense information by department. The goal of the city is
to pay all current budget year expenses with current budget year revenues. We are not quite there yet, and this
will show in the Surplus (Deficit) line at the end of each fund. We expect that future budget cycles will smooth out
revenues and expenditures.
The Budget Report provides information on current revenues and expenditures by fund including the following:
• The original budgeted amount.
• Current budget which would reflect any amendments that have been made.
• Period activity which details the revenue and expense activity for the period in which the report was run.
• Fiscal activity will provide the year-to-date expense and revenue amounts.
• Variance Shows the difference between budgeted and actual.
• The percentage remaining is the amount still needed to reach the budgeted amount.
CASH AND INVESTMENT FUND SUMMARY
The Cash and Investment Fund Summary provides information on current total cash & investment balances by
Fund.
POINTS OF INTEREST:
Current Expense Fund 001—The Current Expense Fund is used for the general governmental functions of the City.
As of June 30, 2024, 67% of budgeted revenues were received.
The table provides budget versus actual (YTD) data by source of revenue.
2024 2024 Current
% of
Received
Revenue Source
Original Budget
2024Budget
Property Tax
Budget
2,245,000 2,407,886
1,255,917
Received
52.16%
Period
13,538
Sales Tax
6,895,000 6,895,000
3,905,424
56.64%
685,812
Other Taxes
2,156, 000 2,156, 000
1,537,632
71.32%
136,883
836,233
Total Taxes
11,296,000
11,458,886
6,698,973
58.46%
Licenses & Permits
601,200
601,200
800,285
133.11%
66,579
Intergo\(ernmental Revenue
291,700
488,200
243,310
49.84%
53,886
Charges for Goods & Services
448,600
398,600
447,049
112.15%
20,438
Fines & Penalties
128,000
128,000
48,833
38.15%
9,570
Misc Revenues
121,500
46,500
608,436
1308.46%
134,647
Non -Revenues
-
-
7,298
#DIV/0!
629
Other Financing
#DIV/0!
(Capital Contributions)
-
-
8,871
-
1,121,983
REVENUE TOTALS
12,887,000 13,121,386
8,863,055
67.55%1
SALES TAX REVENUES SUMMARY
• Total 2024 Budget: $6,895,000
• Total 2024 YTD Actuals: $3,905,424
• Year -to -Date Actual revenue collected is 6.21% higher when compared to Prior Year -to Date Actuals
• Year -to -Date Actual revenue collected is 21.5% higher when compared to Year -to Date Budgeted
The following tables provide additional sales tax information:
Table 1: shows revenue received by month over a three-year period.
Monthly Sales Tax -Three Year Comparison
800,000
700,000
• 2022 X-1
600,000 ■ zon rc 1
■ Umn '
500,000
400,000
300,000
200,000
100,000
0
acJa� o`JacJ �a�r PQ�` �a� ,ace �J�J J�Jy� eFOet �`ooet eFoe` eFo¢`
ye
Table 2: provides current
data for sales tax revenue
collected Year-to-date.
$800,000 Sales Tax Revenues
$700,000
$600,000
$500,000
W0,000 aM, 1120zs a egeizozs
$300,000
$200,000
$100,000
�acJ�,,A
ENTERPRISE/UTILITY FUNDS OPERATIONS:
Water operation - Water operations budgeted revenue in the amount of $3,949,000 for 2024. Through June, the
city has received $1,956,269 or —50% of the 2024 budgeted revenues. Revenues for the water utility, in winter
and spring, are typically lower with larger monthly revenues received during the warmer summer and fall months.
Water Operations expended $2,190,714 through June representing —43% of the 2024 budget. In addition, the
water operational budget includes transfers which occur throughout the year. The City manages its transfers
according to policy goals, cashflow needs, and realized expenses for water capital projects, stabilization targets,
and debt service payments. The 2024 budget includes $2,146,695 for transfers. A total of $56,967 was
transferred out to fund 413 for Well 11, Water Main Replacement (Sroufe), TIP 1.16 Water and Melcher Pump
Station. Additionally, $676,668 was transferred out to fund 414 for LTGO 2023 City Hall Debt (Water Portion),
and Pre -Funding Debt Service payments for Well 13, Well 11, Melcher Pump & 2023 LTGO debt service.
Water Service Payments
600,000
500,000
400,000 ■ 2022
300,000 ■ 2023
■ 2024
200,000
100,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Storm Drainage operations- Storm Operations budgeted revenue in the amount of $1,875,000 for 2024. Through
June, the city has received $1,067,145 or —57% of its annual budgeted revenue. Storm Drainage Operations
expended $772,561 through June representing —39% of the 2024 operating budget. The storm drainage
operational budget includes transfers which occur throughout the year. The City manages its transfers according
to policy goals, cashflow needs, and realized expenses for storm capital projects, stabilization targets, and debt
service payments. The 2024 budget includes $320,150 for transfers. There was a transfer out to fund 424 in the
amount of $14,584 for the LTG02023 City Hall Storm Portion Debt Service.
250,000
200,000
150,000
100,000
50,000
Storm Drainage Payments
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
■ 2022
■ 2023
■ 2024
Sewer operation — Sewer operations budgeted revenue in the amount of $5,701,000 is budgeted for 2024.
Through June, the city has received $3,536,558 or —63% of the 2024 budgeted revenues. Sewer Operations
expended $3,103,516 through June representing —55% of the 2024 budget. The sewer operational expense
budget includes transfers which occur throughout the year. The City manages its transfers according to policy
goals, cashflow needs, and realized expenses for sewer capital projects, stabilization targets, and debt service
payments. The 2024 budget includes $1,154,720 for transfers. A total of $1,669 was transferred out to fund 433
for Marina Pump Station and TIP 1.16 expenses. Additionally, $578,168 was transferred out to fund 434 for 2023
LTGO Bond Sewer Portion debt service and Pre -Funding Debt Service payments for Marina Pump Station, 2023
LTGO debt service, Pottery Lift Station and Sewer Lift Station Controls debt service payments.
700,000.00
600,000.00
500,000.00
400,000.00
300,000.00
200,000.00
100,000.00
Sewer Service Payments
n
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Real Estate Excise Tax (REET) Fund 109 and Impact Mitigation Fee Fund 111
■ 2022
02023
■ 2024
The City's Real Estate Excise Tax receipts fluctuate monthly. June 2024 receipts are Lower than June 2023 by
26.83%. Total Real estate Excise Tax revenues have a YTD growth rate of-11.17%. The table below shows
balances through June for REET 1 & 2 and Impact fees. These restricted funds are used as a local funding source
for capital projects that have been documented in the City's comprehensive plans. REET funds are also used for
debt payments.
The table above shows 2024 beginning fund balances, biennial revenue received to date, expenses budgeted for
the biennium and expenses which are obligated for future projects but have not yet been officially budgeted. The
intent of this table is to snapshot and illustrate available balances and what is projected for the end of the
biennium.
Impact Fees received for June 2024 are as follows:
o Parks $122,646
o Transportation $19,106
o School District Impact $26,162
REET revenues received in June:
o REET 1 $86,898
o REET 2 $86,898
CAPITAL CONSTRUCTION BUDGET PROGRESS
Capital Construction Fund 302: The following General capital projects are in progress:
1) City Hall Remodel
a. City Staff Time, Construction
i. The 2nd floor renovations have been completed and the 3rd work has begun.
Additionally, the Solar Canopy is anticipated to start mid -July.
2) 730 Prospect Property Acquisition
a. City Staff Time, Purchase
i. Completed
3) Public Works Shop EV Fleet Upgrades
a. City Staff Time
i. Completed
4) South Kitsap Community Events Center including Plaza
a. City Staff Time, Design Consulting Services
5) Givens Park Sport Court Remodel
a. City Staff Time, Design Consulting Services
Street Capital Construction Fund 304: The following Street capital projects are in progress:
1) TIP 1.1 Bay St Pedestrian Path ROW
a. City Staff Time, Right of Way Consulting Services
2) TIP 1.14 Sidney non -motorized
a. City Staff Time, Design Consulting Services
3) TIP 1.15 Pottery Ave Non -Motorized
a. City Staff Time, Construction Mgmt. Services, Construction
4) TIP 1.16 SR166/Bay Street Re -Construction
a. City Staff Time, Design Consulting Services
5) TIP 1.18 Tremont Phase 2 &3
a. City Staff Time
6) TIP 1.2 Bay St Pedestrian Path Construction
a. City Staff Time, Design Consulting Services
7) TIP 1.3 Bay St West Pathway Study
a. City Staff Time, Design Consulting Services
8) TIP 1.7 Bethel Phase 5a-Mitchel Roundabout
a. City Staff Time, Construction Mgmt. Services, Construction
9) TIP 1.8 & 1.9 Blueberry & Salmonberry
a. City Staff Time, Design Consulting Services
Water Capital Construction Fund 413: The following Water capital projects are in progress:
1) Water CIP #3-Well 11 Treatment and Pumping Site Improvements
a. City Staff Time, Design Services, Construction
2) Water CIP #10-Melcher Pump Station Rehab
a. City Staff Time
3) Pottery Ave Non -Motorized (Water)
a. City Staff Time, Construction Mgmt. Services, Construction
Sewer Capital Construction Fund 433: The following Sewer capital projects are in progress:
1) Sewer CIP #1-Marina SW Pump Station
a. City Staff Time, Design Services, Construction
2) Sewer Lift Station Controls Upgrade
a. Nothing at this time
3) Bay Street Lift Station Controls
a. Nothing at this time
4) SWCIP # SB South Sidney Lift Station (Ruby Creek)
a. City Staff Time, Design Services
5) Pottery Ave Non -Motorized (Sewer)
a. City Staff Time, Construction Mgmt. Services, Construction
Budget Report OPERATIONS BUDGET For Fiscal: 2024 Period Ending: 06/30/2024
Group Summary
Departmen...
Fund: 001 - Current Expense
Revenue
00 - Revenues
Original Current
Total Budget Total Budget
Variance
Period Fiscal Favorable Percent
Activity Activity (Unfavorable) Remaining
12,887,000.00 13,121,386.00 1,121,982.93 8,863,055.31-4,258,330.69 32.45%
Revenue Total: 12,887,000.00 13,121,386.00 1,121,982.93 8,863,055.31-4,258,330.69 32.45%
Expense
01- Finance
1,107,300.00
1,424,300.00
65,764.07
512,347.45
911,952.55
64.03%
02 - Court
797,000.00
797,000.00
39,659.09
261,359.20
535,640.80
67.21%
03 - Law Enforcement
6,017,120.00
6,793,080.00
723,136.28
3,020,696.82
3,772,383.18
55.53%
04 - Community Development
2,395,850.00
2,966,370.00
359,204.48
1,450,970.61
1,515,399.39
51.09%
05 - Public Works
2,216,887.00
2,639,257.00
503,629.32
1,359,194.14
1,280,062.86
48.50%
06 - Miscellaneous
0.00
2,411,000.00
13,104.41
1,797,333.25
613,666.75
25.45%
07-Administration
1,888,531.00
1,961,531.00
131,359.62
816,925.47
1,144,605.53
58.35%
Expense Total: 14,422,688.00
18,992,538.00
1,835,857.27
9,218,826.94
9,773,711.06
51.46%
Fund: 001- Current Expense Surplus (Deficit):-1,535,688.00-5,871,152.00-713,874.34-355,771.63 5,515,380.37 93.94%
Fund: 002 - City Street Fund
Revenue
00 - Revenues
1,731,004.00 2,130,547.00 167,145.60 1,521,363.79-609,183.21 28.59%
Revenue Total: 1,731,004.00 2,130,547.00 167,145.60 1,521,363.79-609,183.21 28.59%
Expense
05 - Public Works
2,665,396.00
3,646,666.00
987,860.29
1,657,611.52
1,989,054.48
54.54%
06 - Miscellaneous
0.00
607,000.00
0.00
0.00
607,000.00
100.00%
Expense Total:
2,665,396.00
4,253,666.00
987,860.29
1,657,611.52
2,596,054.48
61.03%
Fund: 002 - City Street Fund Surplus (Deficit):
-934,392.00
-2,123,119.00
-820,714.69
-136,247.73
1,986,871.27
93.58%
Fund: 003 - Stabilization Fund
Revenue
00 - Revenues
0.00
0.00
13,853.52
83,093.33
83,093.33
0.00%
Revenue Total:
0.00
0.00
13,853.52
83,093.33
83,093.33
0.00%
Fund: 103 - Criminal Justice
Revenue
00 - Revenues
Fund: 003 - Stabilization Fund Total:
0.00 0.00 13,853.52 83,093.33 83,093.33 0.00%
384,000.00 384,000.00 36,263.68 255,149.67-128,850.33 33.55%
Revenue Total: 384,000.00 384,000.00 36,263.68 255,149.67-128,850.33 33.55%
Expense
03 - Law Enforcement
495,100.00
771,100.00
471,716.06
507,085.99
264,014.01
34.24%
Expense Total:
495,100.00
771,100.00
471,716.06
507,085.99
264,014.01
34.24%
Fund: 103 - Criminal Justice Surplus (Deficit):
-111,100.00
-387,100.00
-435,452.38
-251,936.32
135,163.68
34.92%
Fund: 104 - Special Investigative Unit
Revenue
00 - Revenues
4,000.00
4,000.00
349.30
2,320.18
-1,679.82
42.00%
Revenue Total:
4,000.00
4,000.00
349.30
2,320.18
-1,679.82
42.00%
Expense
03 - Law Enforcement
4,000.00
4,000.00
0.00
0.00
4,000.00
100.00%
Expense Total:
4,000.00
4,000.00
0.00
0.00
4,000.00
100.00%
Fund: 104 - Special Investigative Unit Surplus (Deficit):
0.00
0.00
349.30
2,320.18
2,320.18
0.00%
Fund: 107 - Community Events
Revenue
00 - Revenues
Expense
07 - Administration
102,200.00 102,200.00 17,701.62 83,789.42-18,410.58 18.01%
Revenue Total: 102,200.00 102,200.00 17,701.62 83,789.42-18,410.58 18.01%
102,200.00 127,200.00 0.00 8,412.40 118,787.60 93.39%
7/17/2024 4:07:50 PM
Page 13 of 17
Budget Report
Departmen...
Expense Total:
Fund: 107 - Community Events Surplus (Deficit):
Fund: 108 - Paths & Trails
Revenue
00 - Revenues
Revenue Total
Original
Current
Total Budget
Total Budget
102,200.00
127,200.00
0.00
-25,000.00
For Fiscal: 2024 Period Ending: 06/30/2024
Variance
Period Fiscal Favorable Percent
Activity Activity (Unfavorable) Remaining
0.00 8,412.40 118,787.60 93.39%
17,701.62 75,377.02 100,377.02 401.51%
1,000.00 1,000.00 197.98 1,056.94 56.94 5.69%
1,000.00 1,000.00 197.98 1,056.94 56.94 5.69%
Fund: 108 - Paths & Trails Total:
1,000.00
1,000.00
197.98
1,056.94
56.94
5.69%
Fund: 109 - Real Estate Excise Tax
Revenue
00 - Revenues
800,000.00
1,600,000.00
194,716.52
962,522.68
-637,477.32
39.84%
Revenue Total:
800,000.00
1,600,000.00
194,716.52
962,522.68
-637,477.32
39.84%
Expense
06 - Miscellaneous
298,000.00
1,397,000.00
732,985.98
794,758.18
602,241.82
43.11%
Expense Total:
298,000.00
1,397,000.00
732,985.98
794,758.18
602,241.82
43.11%
Fund: 109 - Real Estate Excise Tax Surplus (Deficit):
502,000.00
203,000.00
-538,269.46
167,764.50
-35,235.50
17.36%
Fund: 111- Impact Mitigation Fee
Revenue
00 - Revenues
5,207,900.00
5,207,900.00
208,033.18
2,242,219.98
-2,965,680.02
56.95%
Revenue Total:
5,207,900.00
5,207,900.00
208,033.18
2,242,219.98
-2,965,680.02
56.95%
Expense
06 - Miscellaneous
1,103,300.00
2,934,250.00
84,003.25
474,885.51
2,459,364.49
83.82%
Expense Total:
1,103,300.00
2,934,250.00
84,003.25
474,885.51
2,459,364.49
83.82%
Fund: 111- Impact Mitigation Fee Surplus (Deficit):
4,104,600.00
2,273,650.00
124,029.93
1,767,334.47
-506,315.53
22.27%
Fund: 206 - Bond Redemption Fund
Revenue
00 - Revenues
298,000.00
1,397,000.00
638,370.00
666,046.68
-730,953.32
52.32%
Revenue Total:
298,000.00
1,397,000.00
638,370.00
666,046.68
-730,953.32
52.32%
Expense
06 - Miscellaneous
298,000.00
995,410.00
236,265.75
261,669.70
733,740.30
73.71%
Expense Total:
298,000.00
995,410.00
236,265.75
261,669.70
733,740.30
73.71%
Fund: 206 - Bond Redemption
Fund Surplus (Deficit):
0.00
401,590.00
402,104.25
404,376.98
2,786.98
-0.69%
Fund: 411- Water Operating
Revenue
00 - Revenues
3,949,000.00
3,949,000.00
349,603.97
1,956,269.82
-1,992,730.18
50.46%
Revenue Total:
3,949,000.00
3,949,000.00
349,603.97
1,956,269.82
-1,992,730.18
50.46%
Expense
05 - Public Works
3,138,532.00
5,036,312.00
222,776.71
2,190,714.07
2,845,597.93
56.50%
06 - Miscellaneous
555,800.00
2,146,695.00
733,635.46
792,669.27
1,354,025.73
63.07%
Expense Total:
3,694,332.00
7,183,007.00
956,412.17
2,983,383.34
4,199,623.66
58.47%
Fund: 411- Water Operating Surplus (Deficit):
254,668.00
-3,234,007.00
-606,808.20
-1,027,113.52
2,206,893.48
68.24%
Fund: 412 - Water Stabilization
Revenue
00 - Revenues
0.00
100,000.00
4,623.77
27,733.28
-72,266.72
72.27%
Revenue Total:
0.00
100,000.00
4,623.77
27,733.28
-72,266.72
72.27%
Fund: 412 - Water Stabilization Total
Fund: 414 - Water Debt Service
Revenue
00 - Revenues
Revenue Total:
Expense
06 - Miscellaneous
0.00
100,000.00
4,623.77 27,733.28-72,266.72 72.27%
939,200.00
2,400,670.00
1,171,288.54
1,222,686.90
-1,177,983.10
49.07%
939,200.00
2,400,670.00
1,171,288.54
1,222,686.90
-1,177,983.10
49.07%
939,200.00
1,144,970.00
20,418.03
71,816.39
1,073,153.61
93.73%
7/17/2024 4:07:50 PM
Page 14 of 17
Budget Report
Departmen...
Expense Total:
Fund: 414 - Water Debt Service Surplus (Deficit):
Fund: 421- Storm Drainage Utility
Revenue
00 - Revenues 1,745,000.00 1,875,000.00 158,064.67 1,067,145.42-807,854.58 43.09%
Revenue Total: 1,745,000.00 1,875,000.00 158,064.67 1,067,145.42-807,854.58 43.09%
For Fiscal: 2024 Period Ending: 06/30/2024
Variance
Period Fiscal Favorable Percent
Activity Activity (Unfavorable) Remaining
Expense
05 - Public Works
06 - Miscellaneous
Expense Total:
Fund: 421- Storm Drainage Utility Surplus (Deficit):
Fund: 422 - Storm Drainage Stabilization
Revenue
00 - Revenues
Revenue Total:
Fund: 422 - Storm Drainage Stabilization Total:
Fund: 424 - Storm Drainage Debt Service
Revenue
00 - Revenues 177,100.00 220,150.00 14,584.31 36,526.02-183,623.98 83.41%
Revenue Total: 177,100.00 220,150.00 14,584.31 36,526.02-183,623.98 83.41%
Original
Total Budget
939,200.00
0.00
Current
Total Budget
1,144,970.00
1,255,700.00
20,418.03 71,816.39 1,073,153.61 93.73%
1,150,870.51 1,150,870.51-104,829.49 8.35%
1,819,352.00
1,980,002.00
234,349.36
772,561.31
1,207,440.69
60.98%
277,100.00
320,150.00
14,584.31
36,526.02
283,623.98
88.59%
2,096,452.00
2,300,152.00
248,933.67
809,087.33
1,491,064.67
64.82%
-351,452.00
-425,152.00
-90,869.00
258,058.09
683,210.09
160.70%
0.00
0.00
2,597.82
15,581.68
15,581.68
0.00%
0.00
0.00
2,597.82
15,581.68
15,581.68
0.00%
0.00
0.00
2,597.82
15,581.68
15,581.68
0.00%
Expense
06 - Miscellaneous
177,100.00
220,150.00
14,584.31
36,526.02
183,623.98
83.41%
Expense Total:
177,100.00
220,150.00
14,584.31
36,526.02
183,623.98
83.41%
Fund: 424 - Storm Drainage Debt Service Surplus (Deficit):
0.00
0.00
0.00
0.00
0.00
0.00%
Fund: 431- Sewer Operating
Revenue
00 - Revenues
5,701,000.00
5,701,000.00
641,138.59
3,536,558.73
-2,164,441.27
37.97%
Revenue Total:
5,701,000.00
5,701,000.00
641,138.59
3,536,558.73
-2,164,441.27
37.97%
Expense
05 - Public Works
4,889,732.00
5,597,612.00
1,160,793.84
3,103,516.36
2,494,095.64
44.56%
06 - Miscellaneous
709,900.00
1,154,720.00
579,837.79
613,265.01
541,454.99
46.89%
Expense Total:
5,599,632.00
6,752,332.00
1,740,631.63
3,716,781.37
3,035,550.63
44.96%
Fund: 431- Sewer Operating Surplus (Deficit):
101,368.00
-1,051,332.00
-1,099,493.04
-180,222.64
871,109.36
82.86%
Fund: 432 - Sewer Stabilization
Revenue
00 - Revenues
0.00
100 000.00
6,919.68
41 504.09
-58 495.91
58.50%
Revenue Total
Fund: 432 - Sewer Stabilization Total
Fund: 434 - Sewer Debt Service
Revenue
00 - Revenues 678,900.00 1,067,720.00 626,181.69 669,111.73-398,608.27 37.33%
Revenue Total: 678,900.00 1,067,720.00 626,181.69 669,111.73-398,608.27 37.33%
0.00 100,000.00 6,919.68 41,504.09-58,495.91 58.50%
0.00 100,000.00 6,919.68 41,504.09-58,495.91 58.50%
Expense
06 - Miscellaneous
403,900.00
465,970.00
20,418.03
43,733.59
422,236.41
90.61%
Expense Total:
403,900.00
465,970.00
20,418.03
43,733.59
422,236.41
90.61%
Fund: 434 - Sewer Debt Service Surplus (Deficit):
275,000.00
601,750.00
605,763.66
625,378.14
23,628.14
-3.93%
Fund: 500 - Equipment Rental and Revolving
Revenue
00 - Revenues
1,309,800.00
4,142,200.00
3,241,359.03
3,629,696.11
-512,503.89
12.37%
Revenue Total:
1,309,800.00
4,142,200.00
3,241,359.03
3,629,696.11
-512,503.89
12.37%
Expense
10 - ER&R 801,600.00 3,807,400.00 104,642.89 1,447,605.66 2,359,794.34 61.98%
7/17/2024 4:07:50 PM Page 15 of 17
Budget Report
For Fiscal: 2024 Period Ending: 06/30/2024
Variance
Original
Current
Period
Fiscal
Favorable Percent
Departmen... Total Budget
Total Budget
Activity
Activity
(Unfavorable) Remaining
Expense Total: 801,600.00
3,807,400.00
304,642.89
1,447,605.66
2,359,794.34 61.98%
Fund: 500 - Equipment Rental and Revolving Surplus (Deficit): 508,200.00
334,800.00
3,136,716.14
2,182,090.45
1,847,290.45-551.76%
Report Surplus (Deficit): 2,814,204.00
-7,845,372.00
1,160,247.07
4,851,247.82
12,696,619.82 161.84%
7/17/2024 4:07:50 PM Page 16 of 17
, V City of Port Orchard
ORCHARD
CAPITAL BUDGET
Account Typ...
Fund: 302 - Capital Construction
Revenue
Expense
Fund: 302 - Capital Construction Surplus (Deficit)
Fund: 304 - Street Capital Projects
Original Current
Total Budget Total Budget
Budget Report
Group Summary
For Fiscal: 2024 Period Ending: 06/30/2024
Variance
Period Fiscal Favorable Percent
Activity Activity (Unfavorable) Remaining
370,000.00 2,780,000.00 77,441.58 2,080,169.39-699,830.61 25.17%
370,000.00 11,925,700.00 70,465.60 5,002,851.09 6,922,848.91 58.05%
0.00-9,145,700.00 6,975.98-2,922,681.70 6,223,018.30 68.04%
Revenue
220,000.00
4,143,950.00
114,937.97
616,783.67
-3,527,166.33
85.12%
Expense
290,000.00
14,149,095.00
163,388.91
483,557.34
13,665,537.66
96.58%
Fund: 304 - Street Capital Projects Surplus (Deficit):
-70,000.00
-10,005,145.00
-48,450.94
133,226.33
10,138,371.33
101.33%
Fund: 413 - Water Capital
Revenue
2,232,700.00
2,763,950.00
385,222.31
2,980,665.52
216,715.52
7.84%
Expense
883,400.00
10,635,295.00
1,053,238.60
1,978,342.65
8,656,952.35
81.40%
Fund: 413 - Water Capital Surplus (Deficit):
1,349,300.00
-7,871,345.00
-668,016.29
1,002,322.87
8,873,667.87
112.73%
Fund: 423 - Storm Drainage Capital Facil
Revenue
100,000.00
150,000.00
10,178.83
24,027.12
-125,972.88
83.98%
Expense
100,000.00
150,000.00
0.00
0.00
150,000.00
100.00%
Fund: 423 - Storm Drainage Capital Facil Surplus (Deficit):
0.00
0.00
10,178.83
24,027.12
24,027.12
0.00%
Fund: 433 - Sewer Capital
Revenue
3,491,500.00
5,241,500.00
421,091.24
3,857,862.26
-1,383,637.74
26.40%
Expense
369,000.00
15,374,600.00
1,393,692.66
3,393,255.93
11,981,344.07
77.93%
Fund: 433 - Sewer Capital Surplus (Deficit):
3,122,500.00
-10,133,100.00
-972,601.42
464,606.33
10,597,706.33
104.59%
Report Surplus (Deficit):
4,401,800.00
-37,155,290.00
-1,671,913.84
-1,298,499.05
35,856,790.95
96.51%
7/17/2024 4:08:34 PM Page 1 of 2
Detail Report CASH & INVESTMENT Date Range: 06/01/2024 - 06/30/2024
Fund Summary
Fund
Beginning Balance
Total Activity
Ending Balance
001- Current Expense
17,697,688.58
-713,874.34
16,983,814.24
002 - City Street Fund
4,713,306.18
-820,714.69
3,892,591.49
003 - Stabilization Fund
3,140,989.65
13,853.52
3,154,843.17
103 - Criminal Justice
935,846.63
-435,452.38
500,394.25
104 - Special Investigative Unit
102,876.42
349.30
103,225.72
107 - Community Events
451,554.73
17,701.62
469,256.35
108 - Paths & Trails
16,669.89
197.98
16,867.87
109 - Real Estate Excise Tax
6,773,124.06
-538,269.46
6,234,854.60
111- Impact Mitigation Fee
9,767,991.75
124,029.93
9,892,021.68
206 - Bond Redemption Fund
102,287.58
402,104.25
504,391.83
302 - Capital Construction
4,965,421.70
6,975.98
4,972,397.68
304 - Street Capital Projects
2,334,596.51
-48,450.94
2,286,145.57
401- Water -Sewer Utilities
0.00
0.00
0.00
403 - Water -Sewer Cumulative Reserve
0.00
0.00
0.00
411- Water Operating
4,024,692.58
-606,808.20
3,417,884.38
412 - Water Stabilization
1,040,058.22
4,623.77
1,044,681.99
413 - Water Capital
9,925,455.78
-664,905.64
9,260,550.14
414 - Water Debt Service
0.00
1,150,870.51
1,150,870.51
421- Storm Drainage Utility
2,133,078.17
-90,869.00
2,042,209.17
422 - Storm Drainage Stabilization
584,347.14
2,597.82
586,944.96
423 - Storm Drainage Capital Facil
215,714.31
10,178.83
225,893.14
424 - Storm Drainage Debt Service
0.00
0.00
0.00
431- Sewer Operating
8,695,736.13
-1,099,493.04
7,596,243.09
432 - Sewer Stabilization
1,556,493.40
6,919.68
1,563,413.08
433 - Sewer Capital
8,873,604.19
-972,601.42
7,901,002.77
434 - Sewer Debt Service
882,762.76
605,763.66
1,488,526.42
500 - Equipment Rental and Revolving
2,829,561.79
3,136,716.14
5,966,277.93
631- Trust and Agency
8,146.74
3,498.58
11,645.32
632 - Wastewater Treatment Facil Fee
6,824,886.04
-173,241.95
6,651,644.09
Grand Total:
98,596,890.93
-678,299.49
97,918,591.44
7/17/2024 4:08:51 PM
Page 5 of 5