EXECUTIVE SUMMARY
Presented are the General Fund, Utility Fund and CCR Reserve Fund monthly financial reports for the period ended March 31, 2024. These reports represent the activity for six (6) months or 50% of the fiscal year. In the General Fund the total revenues are reported at 71.12% of the budget and total expenditures are reported at 42.22%, which both are in line with our expectations.
In the Utility Fund, revenues are 31.80% and expenses are at 36.37%. Please note that the water and sewer revenues are reported one month in arrears. The CCR Utility Reserve is also presented for your review.
| General Fund |
|
|
|
23-Mar |
24-Mar |
| Revenues: |
|
|
| Tax |
66.65% |
69.22% |
| License-Permit Revenue |
42.38% |
69.56% |
| Grant Revenue |
0.00% |
100.00% |
| Service Revenue |
28.00% |
68.72% |
| Fines-Forfeitures Revenue |
43.62% |
52.05% |
| Interest Earned |
556.70% |
77.70% |
| Other Revenue |
496.63% |
1332.32% |
| Transfers |
47.56% |
51.01% |
|
|
|
|
53.30% |
71.12% |
|
|
|
| Expenditures: |
|
|
| City Manager |
32.13% |
37.16% |
| City Secretary |
41.39% |
45.18% |
| City Attorney |
39.45% |
47.29% |
| Human Resources |
52.68% |
57.84% |
| Municipal Court |
39.15% |
45.06% |
| Finance |
43.99% |
34.23% |
| Economic Development |
44.19% |
38.12% |
| Police |
35.23% |
43.46% |
| Emergency Management |
26.84% |
1.25% |
| Information Technology |
27.23% |
27.65% |
| Communications |
18.20% |
42.32% |
| Development Services |
38.06% |
43.03% |
| Code Enforcement |
42.85% |
21.36% |
| Public Works & Maint |
37.95% |
36.69% |
| Street Department |
27.23% |
25.48% |
| General Facilities |
32.66% |
19.52% |
| Transfers |
0.00% |
53.52% |
|
|
|
| Total |
31.62% |
42.22% |
|
|
|
|
|
|
| Utility Fund |
|
|
|
23-Mar |
March-24 |
| Revenues: |
|
|
| Service Revenue (includes credit card fees) |
26.63% |
32.00% |
| Interest Revenue |
446.03% |
31.50% |
| Other Revenue |
92.65% |
0.38% |
|
|
|
| Total |
27.50% |
31.80% |
|
|
|
| Expenses: |
|
|
| Water/Wastewater Oper. |
29.77% |
30.77% |
| Utility Services |
32.84% |
50.20% |
| Transfers Out |
27.52% |
48.18% |
|
|
|
| Total |
29.92% |
36.37% |
|
|
|
| Utility Fund- CCR Reserve |
|
|
|
23-Mar |
24-Mar |
| Revenues: |
|
|
| Interest Revenue |
607.55% |
36.03% |
|
|
|
| Total |
607.55% |
36.03% |
|
|
|
| Expenses: |
|
|
| Non-Departmental |
3.37% |
4.22% |
|
|
. |
| Total |
3.37% |
4.22% |
RECOMMENDATION
Staff recommends the City Council accept the March 2024 monthly financial report as presented.
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