2024_Calendar & Annual Report_Issuu

2022 Actual Amount

FISCAL YEAR 2024 BUDGET

ANNUAL BUDGET BY FUNCTION SUMMARY OF REPORT

PROPERTY TAX RATE 6-YEAR TREND

Items

2022 Actual Amount

2023 Estimated Amount

2024 Council Adopted

Items

2019

2020

2021

2022 2023

2024

Capital Project Financing

0.3454 0.3675 0.3548 0.3250 0.2824 0.2802

FUND: 100 - GENERAL FUND REVENUE Gen Gov - General Government Public Safety - Public Safety Public Works - Public Works Com Services - Community Services

Reimbursements to In-City MUD Districts

0.0840 0.0670 0.0602 0.0669 0.0564 0.0527

$12,438,130.84

$12,202,900.00

$15,685,324.00

General Fund (Operating)

0.2800 0.3067 0.3050 0.3094 0.2850 0.3225

$8,045,558.92

$5,940,081.00

$6,470,796.00

TOTAL

0.7098 0.7412 0.7200 0.7014 0.6237 0.6554

$185,863.84

$131,375.00

$170,047.00

$6,670,215.79

$5,597,266.00

$6,024,734.00

GENERAL FUND THE BIG PICTURE

Parks & Rec - Parks & Recreation Non-Departmental Fund

$1,634,484.03

$1,781,588.00

$1,713,560.00

Items

FY 2022 Actual

FY 2023 Amended

FY 2024 Proposed

$75,833,533.53

$79,890,181.00 $85,198,982.00

Beginning Fund Balance

$32,524,401

$34,657,543

$27,598,165

Revenue Total

$104,807,786.95

$105,543,391.00

$115,263,443.00

Revenue

$104,807,787

$105,543,391

$115,263,443

Expenditure

$102,680,185

$112,602,769

$114,033,168

EXPENDITURES Gen Gov - General Government Public Safety - Public Safety Public Works - Public Works Com Services - Community Services

Net

$2,127,602

($7,059,378)

$1,230,275

$19,576,365.25

$17,563,263.00

$15,150,674.00

ENDING BALANCE

$34,657,543

$27,598,165

$28,828,440

$59,361,769.93

$65,754,855.00

$68,641,213.00

$12,506,178.68

$15,398,523.00

$16,024,640.00

Policy Minimum Balance (90 Days) Amount Over/(Under) 90-Day Target

$25,318,402

$27,571,710

$28,117,767

$4,585,032.80

$5,239,975.00

$5,465,098.00

$9,339,142

$26,455

$710,673

Days of Reserves

Parks & Rec - Parks & Recreation

123

90

92

$6,650,838.09

$8,646,153.00

$8,751,543.00

Expenditure Total

$102,680,184.75

$112,602,769.00

$114,033,168.00

NET GRAND TOTAL

$2,127,602.20

($7,059,378.00)

$1,230,275.00

Balanced Budget: Annual revenues (including transfers) exceed annual operating costs. General Fund’s Fund Balance is above the 25% policy minimum. FY24’s ending fund balance is projected to be 25%, or 92 days.

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