2024.08 Monthly Budget ReportO R
ORCHARD
MONTHLY BUDGET FINANCIAL STATUS UPDATE
To: Mayor and Council members
From: Noah Crocker, Finance Director
Period: August 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 August 31, 2024, 89% of budgeted revenues were received.
The table provides budget versus actual (YTD) data by source of revenue.
024
% of
Received
2024 Current
Revenue Source
Original
024 YTD
Budget
Current
Property Tax
BudgetBudget
2,245,000
2,407,886
1,273,051
52.87%
..
10,868
Sales Tax
6,895,000
6,895,000
5,339,701
77.44%
726,041
Other Taxes
pr 2,156,000
Pr 2,156,000
pr 2,122,960
98.47%
pr 147,762
Total Taxes
11,296,000
11,458,886
8,735,712
76.24%
884,672
Licenses & Permits
601,200
601,200
1,093,613
181.91%
65,990
Intergovernmental Revenue
291,700
488,200
358,243
73.38%
9,110
Charges for Goods & Services
448,600
398,600
583,932
146.50%
71,940
Fines & Penalties
128,000
128,000
69,458
54.26%
9,631
Misc Revenues
121,500
46,500
808,419
1738.54%
87,934
Non -Revenues
-
-
7,220
#DIV/0!
201
Other Financing
#DIV/0!
Capital Contributions
-
-
8,871
-
1,129,477
REVENUE TOTALS 12,887,000 13,121,386 11,665,468
88.90%
SALES TAX REVENUES SUMMARY
• Total 2024 Budget: $6,895,000
• Total 2024 YTD Actuals: $5,339,701
• Year -to -Date Actual revenue collected is 4.87% higher when compared to Prior Year -to Date Actuals
• Year -to -Date Actual revenue collected is 19.5% 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
. zazz acwai
600,000
500,000
400,000
300,000
I
200,000
100,000
0
aa� ate a��
PR;\ �a� lJoe
�J�.� ��y� met obi sec
sec
Table 2: provides current
data for sales tax revenue
collected Year-to-date.
$800,000 Sales Tax Revenues
$700,000
$600,000
$500,000
$400,000�6
$300,000
$200,000
$100,000
10 e�
t et �t
ENTERPRISE/UTILITY FUNDS OPERATIONS:
Water operation - Water operations budgeted revenue in the amount of $3,949,000 for 2024. Through August,
the city has received $2,813,982 or —72% 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 $2,676,143 through August representing —53% 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 $154,564 was
transferred out to fund 413 for Well 11, TIP 1.16 Water and TIP 1.15 Pottery Ave Water.
Water Service Payments
700,000
600,000
500,000 —
400,000 ■ 2022
300,000 ■ 2023
■ 2024
200,000
100,000 U U L
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
August, the city has received $1,475,397 or —79% of its annual budgeted revenue. Storm Drainage Operations
expended $999,091 through August representing —50% 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 $147,242 for transfers. A total of $146,679 was transferred out to
fund 434 for debt service for LTGO 2017 Tremont Storm and $563 was transferred to fund 433 for Marina Pump
Station and TIP 1.16 expenses.
250,000
200,000
Storm Drainage Payments
1
150,000
100,000
50,000
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 August, the city has received $4,752,064 or —84% of the 2024 budgeted revenues. Sewer Operations
expended $3,826,691 through August representing —68% 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 $9,447 was transferred out to fund 433
for Marina Pump Station and TIP 1.16 expenses.
700,000.00
600,000.00
500,000.00
400,000.00
300,000.00
200,000.00
100,000.00
Sewer Service Payments
id
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov ❑ec
Real Estate Excise Tax (REET) Fund 109 and Impact Mitigation Fee Fund 111
■ 2022
■ 2023
■ 2024
The City's Real Estate Excise Tax receipts fluctuate monthly. August 2024 receipts are higher than August 2023 by
48.01%. Total Real estate Excise Tax revenues have a YTD growth rate of-9.67%. The table below shows
balances through August 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 forAugust 2024 are as follows:
o Parks $61,728
o Transportation $63,923
o School District Impact $16,449
REET revenues received in August:
o REET 1 $127,711
o REET 2 $127,711
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 is nearing completion.
Additionally, the Solar Canopy is anticipated to start September.
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 # SIB 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 For Fiscal: 2024 Period Ending: 08/31/2024
Group Summary
Variance
Original Current Period Fiscal Favorable Percent
Department Total Budget Total Budget Activity Activity (Unfavorable) Remaining
Fund: 001- Current Expense
Revenue
00 - Revenues 12,887,000.00 13,121,386.00 1,129,477.12 11,665,468.18-1,455,917.82 11.10%
Revenue Total:
12,887,000.00
13,121,386.00
1,129,477.12
11,665,468.18
-1,455,917.82
11.10%
Expense
01- Finance
1,107,300.00
1,424,300.00
100,687.11
676,549.49
747,750.51
52.50%
02 - Court
797,000.00
797,000.00
50,366.12
347,689.08
449,310.92
56.38%
03 - Law Enforcement
6,017,120.00
6,793,080.00
578,072.20
4,061,074.02
2,732,005.98
40.22%
04 - Community Development
2,395,850.00
2,966,370.00
247,293.31
1,972,682.05
993,687.95
33.50%
05 - Public Works
2,216,887.00
2,639,257.00
158,504.62
1,636,229.40
1,003,027.60
38.00%
06 - Miscellaneous
0.00
2,411,000.00
32,810.17
1,850,394.32
560,605.68
23.25%
07 - Administration
1,888,531.00
1,961,531.00
140,921.30
1,066,309.86
895,221.14
45.64%
Expense Total:
14,422,688.00
18,992,538.00
1,308,654.83
11,610,928.22
7,381,609.78
38.87%
Fund: 001- Current Expense Surplus (Deficit):
-1,535,688.00
-5,871,152.00
-179,177.71
54,539.96
5,925,691.96
100.93%
Fund: 002 - City Street Fund
Revenue
00 - Revenues
1,731,004.00
2,130,547.00
158,870.80
1,830,443.75
-300,103.25
14.09%
Revenue Total:
1,731,004.00
2,130,547.00
158,870.80
1,830,443.75
-300,103.25
14.09%
Expense
05 - Public Works
2,665,396.00
3,646,666.00
165,038.60
1,936,304.70
1,710,361.30
46.90%
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
165,038.60
1,936,304.70
2,317,361.30
54.48%
Fund: 002 - City Street
Fund Surplus (Deficit):
-934,392.00
-2,123,119.00
-6,167.80
-105,860.95
2,017,258.05
95.01%
Fund: 003 - Stabilization Fund
Revenue
00 - Revenues
0.00
0.00
14,415.44
111,892.83
111,892.83
0.00%
Revenue Total:
0.00
0.00
14,415.44
111,892.83
111,892.83
0.00%
Fund: 003 - Stabilization Fund Total:
0.00
0.00
14,415.44
111,892.83
111,892.83
0.00%
Fund: 103 - Criminal Justice
Revenue
00 - Revenues
384,000.00
384,000.00
36,846.14
336,072.61
-47,927.39
12.48%
Revenue Total:
384,000.00
384,000.00
36,846.14
336,072.61
-47,927.39
12.48%
Expense
03 - Law Enforcement
495,100.00
771,100.00
12,594.20
601,778.97
169,321.03
21.96%
Expense Total:
495,100.00
771,100.00
12,594.20
601,778.97
169,321.03
21.96%
Fund: 103 - Criminal Justice
Surplus (Deficit):
-111,100.00
-387,100.00
24,251.94
-265,706.36
121,393.64
31.36%
Fund: 104 - Special Investigative Unit
Revenue
00 - Revenues
4,000.00
4,000.00
374.06
3,067.10
-932.90
23.32%
Revenue Total:
4,000.00
4,000.00
374.06
3,067.10
-932.90
23.32%
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
374.06
3,067.10
3,067.10
0.00%
Fund: 107 - Community Events
Revenue
00 - Revenues
102,200.00
102,200.00
20,919.53
121,715.73
19,515.73
19.10%
Revenue Total:
102,200.00
102,200.00
20,919.53
121,715.73
19,515.73
19.10%
Expense
07 - Administration
102,200.00
127,200.00
12,518.15
20,930.55
106,269.45
83.55%
9/25/2024 8:45:24 AM
Page
14 of 18
Budget Report
For Fiscal: 2024 Period Ending: 08/31/2024
Variance
Original
Current
Period
Fiscal
Favorable
Percent
Department
Total Budget
Total Budget
Activity
Activity
(Unfavorable)
Remaining
Expense Total:
102,200.00
127,200.00
12,518.15
20,930.55
106,269.45
83.55%
Fund: 107 - Community Events Surplus (Deficit):
0.00
-25,000.00
8,401.38
100,785.18
125,785.18
503.14%
Fund: 108 - Paths & Trails
Revenue
00 - Revenues
1,000.00
1,000.00
194.70
1,431.29
431.29
43.13%
Revenue Total:
1,000.00
1,000.00
194.70
1,431.29
431.29
43.13%
Fund: 108 - Paths & Trails Total:
1,000.00
1,000.00
194.70
1,431.29
431.29
43.13%
Fund: 109 - Real Estate Excise Tax
Revenue
00 - Revenues
800,000.00
1,600,000.00
276,498.58
1,385,760.46
-214,239.54
13.39%
Revenue Total:
800,000.00
1,600,000.00
276,498.58
1,385,760.46
-214,239.54
13.39%
Expense
06 - Miscellaneous
298,000.00
1,397,000.00
284,369.74
1,126,851.43
270,148.57
19.34%
Expense Total:
298,000.00
1,397,000.00
284,369.74
1,126,851.43
270,148.57
19.34%
Fund: 109 - Real Estate Excise Tax Surplus (Deficit):
502,000.00
203,000.00
-7,871.16
258,909.03
55,909.03
-27.54%
Fund: 111- Impact Mitigation Fee
Revenue
00 - Revenues
5,207,900.00
5,207,900.00
212,821.64
3,139,291.30
-2,068,608.70
39.72%
Revenue Total:
5,207,900.00
5,207,900.00
212,821.64
3,139,291.30
-2,068,608.70
39.72%
Expense
06 - Miscellaneous
1,103,300.00
2,934,250.00
94,113.10
680,727.81
2,253,522.19
76.80%
Expense Total:
1,103,300.00
2,934,250.00
94,113.10
680,727.81
2,253,522.19
76.80%
Fund: 111- Impact Mitigation Fee Surplus (Deficit):
4,104,600.00
2,273,650.00
118,708.54
2,458,563.49
184,913.49
-8.13%
Fund: 206 - Bond Redemption Fund
Revenue
00 - Revenues
298,000.00
1,397,000.00
274,726.95
943,091.57
-453,908.43
32.49%
Revenue Total:
298,000.00
1,397,000.00
274,726.95
943,091.57
-453,908.43
32.49%
Expense
06 - Miscellaneous
298,000.00
995,410.00
272,403.95
534,073.65
461,336.35
46.35%
Expense Total:
298,000.00
995,410.00
272,403.95
534,073.65
461,336.35
46.35%
Fund: 206 - Bond Redemption Fund Surplus (Deficit):
0.00
401,590.00
2,323.00
409,017.92
7,427.92
-1.85%
Fund: 411- Water Operating
Revenue
00 - Revenues
3,949,000.00
3,949,000.00
507,370.34
2,813,982.31
-1,135,017.69
28.74%
Revenue Total:
3,949,000.00
3,949,000.00
507,370.34
2,813,982.31
-1,135,017.69
28.74%
Expense
05 - Public Works
3,138,532.00
5,036,312.00
276,664.94
2,676,143.49
2,360,168.51
46.86%
06 - Miscellaneous
555,800.00
2,146,695.00
154,564.26
973,186.82
1,173,508.18
54.67%
Expense Total:
3,694,332.00
7,183,007.00
431,229.20
3,649,330.31
3,533,676.69
49.19%
Fund: 411- Water Operating Surplus (Deficit):
254,668.00
-3,234,007.00
76,141.14
-835,348.00
2,398,659.00
74.17%
Fund: 412 - Water Stabilization
Revenue
00 - Revenues
0.00
100 000.00
4,811.33
37 345.47
-62 654.53
62.65%
Revenue Total:
Fund: 412 - Water Stabilization Total:
Fund: 414 - Water Debt Service
Revenue
00 - Revenues
Expense
06 - Miscellaneous
0.00 100,000.00
0.00 100,000.00
939,200.00 2,400,670.00
Revenue Total: 939,200.00 2,400,670.00
939,200.00 1,144, 970.00
4,811.33 37,345.47-62,654.53 62.65%
4,811.33 37,345.47-62,654.53 62.65%
5,162.41
1,233,040.30
-1,167,629.70
48.64%
5,162.41
1,233,040.30
-1,167,629.70
48.64%
0.00
101, 816.39
1,043,153.61
91.11%
9/25/2024 8:45:24 AM Page 15 of 18
Budget Report
For Fiscal: 2024 Period Ending: 08/31/2024
Variance
Original
Current
Period
Fiscal
Favorable
Percent
Department
Total Budget
Total Budget
Activity
Activity
(Unfavorable) Remaining
Expense Total:
939,200.00
1,144,970.00
0.00
101,816.39
1,043,153.61
91.11%
Fund: 414 - Water Debt Service Surplus (Deficit):
0.00
1,255,700.00
5,162.41
1,131,223.91
-124,476.09
9.91%
Fund: 421- Storm Drainage Utility
Revenue
00 - Revenues
1,745,000.00
1,875,000.00
214,106.83
1,475,397.84
-399,602.16
21.31%
Revenue Total:
1,745,000.00
1,875,000.00
214,106.83
1,475,397.84
-399,602.16
21.31%
Expense
05 - Public Works
1,819,352.00
1,980,002.00
131,942.97
999,091.81
980,910.19
49.54%
06 - Miscellaneous
277,100.00
320,150.00
147,242.75
183,768.77
136,381.23
42.60%
Expense Total:
2,096,452.00
2,300,152.00
279,185.72
1,182,860.58
1,117,291.42
48.57%
Fund: 421- Storm Drainage Utility Surplus (Deficit):
-351,452.00
-425,152.00
-65,078.89
292,537.26
717,689.26
168.81%
Fund: 422 - Storm Drainage Stabilization
Revenue
00 - Revenues
0.00
0.00
2,703.20
20,982.20
20,982.20
0.00%
Revenue Total:
0.00
0.00
2,703.20
20o982.20
20,982.20
0.00%
Fund: 422 - Storm Drainage Stabilization Total:
0.00
0.00
2,703.20
20,982.20
20,982.20
0.00%
Fund: 424 - Storm Drainage Debt Service
Revenue
00 - Revenues
177,100.00
220,150.00
146,679.05
183,205.07
-36,944.93
16.78%
Revenue Total:
177,100.00
220,150.00
146,679.05
183,205.07
-36,944.93
16.78%
Expense
06 - Miscellaneous
177,100.00
220,150.00
146,679.05
183,205.07
36,944.93
16.78%
Expense Total:
177,100.00
220,150.00
146,679.05
183,205.07
36,944.93
16.78%
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
697,342.80
4,752,064.37
-948,935.63
16.65%
Revenue Total:
5,701,000.00
5,701,000.00
697,342.80
4,752,064.37
-948,935.63
16.65%
Expense
05 - Public Works
4,889,732.00
5,597,612.00
386,153.99
3,826,691.34
1,770,920.66
31.64%
06 - Miscellaneous
709,900.00
1,154,720.00
9,447.30
637,559.02
517,160.98
44.79%
Expense Total:
5,599,632.00
6,752,332.00
395,601.29
4,464,250.36
2,288,081.64
33.89%
Fund: 431- Sewer Operating Surplus (Deficit):
101,368.00
-1,051,332.00
301,741.51
287,814.01
1,339,146.01
127.38%
Fund: 432 - Sewer Stabilization
Revenue
00 - Revenues
0.00
100,000.00
7,200.37
55,889.15
-44,110.85
44.11%
Revenue Total:
0.00
100,000.00
7,200.37
55,889.15
-44,110.85
44.11%
Fund: 432 - Sewer Stabilization Total:
0.00
100,000.00
7,200.37
55,889.15
-44,110.85
44.11%
Fund: 434 - Sewer Debt Service
Revenue
00 - Revenues
678,900.00
1,067,720.00
6,855.48
682,807.76
-384,912.24
36.05%
Revenue Total:
678,900.00
1,067,720.00
6,855.48
682,807.76
-384,912.24
36.05%
Expense
06 - Miscellaneous
403,900.00
465,970.00
0.00
43,733.59
422,236.41
90.61%
Expense Total:
403,900.00
465,970.00
0.00
43,733.59
422,236.41
90.61%
Fund: 434 - Sewer Debt Service Surplus (Deficit):
275,000.00
601,750.00
6,855.48
639,074.17
37,324.17
-6.20%
Fund: 500 - Equipment Rental and Revolving
Revenue
00 - Revenues
1,309,800.00
4,142,200.00
95,740.02
3,803,097.35
-339,102.65
8.19%
Revenue Total:
1,309,800.00
4,142,200.00
95,740.02
3,803,097.35
-339,102.65
8.19%
Expense
10 - ER&R
801,600.00
3,807,400.00
124,811.47
1,778,253.31
2,029,146.69
53.29%
9/25/2024 8:45:24 AM
Page 16 of 18
Budget Report For Fiscal: 2024 Period Ending: 08/31/2024
Variance
Original Current Period Fiscal Favorable Percent
Department Total Budget Total Budget Activity Activity (Unfavorable) Remaining
Expense Total: 801,600.00 3,807,400.00
Fund: 500 - Equipment Rental and Revolving Surplus (Deficit): 508,200.00 334,800.00
Report Surplus (Deficit): 2,814,204.00-7,845,372.00
124,811.47 1,778,253.31 2,029,146.69 53.29%
-29,071.45 2,024,844.04 1,690,044.04-504.79%
285,917.49 6,681,001.70 14,526,373.70 185.16%
9/25/2024 8:45:24 AM
Page 17 of 18
(,�V City of Port Orchard
ORCHARD
Original Current
Account Typ... Total Budget Total Budget
Fund: 302 - Capital Construction
Revenue 370,000.00 2,780,000.00
Expense 370,000.00 11,925,700.00
Fund: 302 - Capital Construction Surplus (Deficit): 0.00-9,145,700.00
Fund: 304 - Street Capital Projects
Budget Report
Group Summary
For Fiscal: 2024 Period Ending: 08/31/2024
Variance
Period Fiscal Favorable Percent
Activity Activity (Unfavorable) Remaining
26,837.79 2,227,044.71-552,955.29 19.89%
498,023.87 6,216,416.64 5,709,283.36 47.87%
-471,186.08-3,989,371.93 5,156,328.07 56.38%
Revenue
220,000.00
4,143,950.00
41,602.86
814,107.08
-3,329,842.92
80.35%
Expense
290,000.00
14,149,095.00
444,089.76
1,205,370.48
12,943,724.52
91.48%
Fund: 304 - Street Capital Projects Surplus (Deficit):
-70,000.00
-10,005,145.00
-402,486.90
-391,263.40
9,613,881.60
96.09%
Fund: 413 - Water Capital
Revenue
2,232,700.00
2,763,950.00
246,883.84
3,646,126.27
882,176.27
31.92%
Expense
883,400.00
10,635,295.00
163,192.12
3,109,074.38
7,526,220.62
70.77%
Fund: 413 - Water Capital Surplus (Deficit):
1,349,300.00
-7,871,345.00
83,691.72
537,051.89
8,408,396.89
106.82%
Fund: 423 - Storm Drainage Capital Facil
Revenue
100,000.00
150,000.00
63,306.76
254,984.86
104,984.86
69.99%
Expense
100,000.00
150,000.00
25,307.70
25,307.70
124,692.30
83.13%
Fund: 423 - Storm Drainage Capital Facil Surplus (Deficit):
0.00
0.00
37,999.06
229,677.16
229,677.16
0.00%
Fund: 433 - Sewer Capital
Revenue 3,491,500.00 5,241,500.00 2,466,573.59 6,833,599.56 1,592,099.56 30.37%
Expense 369,000.00 15,374,600.00 1,083,430.07 5,053,450.80 10,321,149.20 67.13%
Fund: 433 - Sewer Capital Surplus (Deficit): 3,122,500.00-10,133,100.00 1,383,143.52 1,780,148.76 11,913,248.76 117.57%
Report Surplus (Deficit): 4,401,800.00-37,155,290.00 631,161.32-1,833,757.52 35,321,532.48 95.06%
9/25/2024 9:43:28 AM Page 1 of 2
Detail Report
Fund
Beginning Balance
Total Activity
Ending Balance
001- Current Expense
17,573,303.52
-179,177.71
17,394,125.81
002 - City Street Fund
3,929,146.07
-6,167.80
3,922,978.27
003 - Stabilization Fund
3,169,227.23
14,415.44
3,183,642.67
103 - Criminal Justice
462,372.27
24,251.94
486,624.21
104 - Special Investigative Unit
103,598.58
374.06
103,972.64
107 - Community Events
486,263.13
8,401.38
494,664.51
108 - Paths & Trails
17,047.52
194.70
17,242.22
109 - Real Estate Excise Tax
6,333,870.29
-7,871.16
6,325,999.13
111- Impact Mitigation Fee
10,464,542.16
118,708.54
10,583,250.70
206 - Bond Redemption Fund
506,709.77
2,323.00
509,032.77
302 - Capital Construction
4,376,893.53
-471,186.08
3,905,707.45
304 - Street Capital Projects
2,164,142.74
-402,486.90
1,761,655.84
401- Water -Sewer Utilities
0.00
0.00
0.00
403 - Water -Sewer Cumulative Reserve
0.00
0.00
0.00
411- Water Operating
3,533,508.84
76,141.14
3,609,649.98
412 - Water Stabilization
1,049,482.85
4,811.33
1,054,294.18
413 - Water Capital
8,711,587.44
83,691.72
8,795,279.16
414 - Water Debt Service
1,126,061.50
5,162.41
1,131,223.91
421- Storm Drainage Utility
2,141,767.22
-65,078.89
2,076,688.33
422 - Storm Drainage Stabilization
589,642.28
2,703.20
592,345.48
423 - Storm Drainage Capital Facil
393,544.12
37,999.06
431,543.18
424 - Storm Drainage Debt Service
0.00
0.00
0.00
431- Sewer Operating
7,762,538.24
301,741.51
8,064,279.75
432 - Sewer Stabilization
1,570,597.77
7,200.37
1,577,798.14
433 - Sewer Capital
7,833,401.68
1,383,143.52
9,216,545.20
434 - Sewer Debt Service
1,495,366.97
6,855.48
1,502,222.45
500 - Equipment Rental and Revolving
5,838,102.91
-29,071.45
5,809,031.46
631- Trust and Agency
10,650.49
-192.22
10,458.27
632 - Wastewater Treatment Facil Fee
7,211,683.44
84,670.79
7,296,354.23
Grand Total:
98,855,052.56
1,001,557.38
99,856,609.94
9/25/2024 9:45:11 AM
Date Range: 08/01/2024 - 08/31/2024
Fund Summary
Page 5 of 5