CC 2020-03-10_11b FY 2019-20 Mid-Year Budget Report
MEMORANDUM
TO: CITY COUNCIL
FROM: JAMES A. BERGMAN, CITY MANAGER
NICOLE VALENTINE, INTERIM DIRECTOR OF ADMINISTRATIVE
SERVICES
SUBJECT: CONSIDERATION OF FISCAL YEAR 2019-20 MID-YEAR BUDGET
REPORT
DATE: MARCH 10, 2020
SUMMARY OF ACTION:
Consider adjustments to the City’s budget at the mid-point of the fiscal year.
IMPACT ON FINANCIAL AND PERSONNEL RESOURCES:
Additional appropriations or budget adjustments are reflected in the ending fund balances
for all funds as detailed in Schedule A attached to the Mid-Year Budget Report. The
recommended budget adjustments are anticipated to have a minimal impact on staff
workload.
RECOMMENDATION:
It is recommended the City Council:
1. Approve detailed budget adjustments and requests for additional appropriations listed in
the Mid-Year Budget Report; and
2. Approve Schedule A attached to the Mid-Year Budget Report.
BACKGROUND:
Each year the City Council adopts a budget, which commits resources to the
accomplishment of its policies. The Administrative Services Department prepares
periodic budget updates for the City Council.
The purpose of the City's Mid-Year Budget Report is to:
• Compare revenues received and expenditures made to budgeted amounts to
determine appropriate adjustments.
• Provide a link between the City budget, the financial records, and the independent
financial audit.
• Compare current revenues and expenditures against the prior fiscal year.
ANALYSIS OF ISSUES:
As detailed in the attached Mid-Year Budget Report, the City is currently facing a mixed
fiscal picture. Revenues in many General Fund categories are increasing and economic
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CITY COUNCIL
CONSIDERATION OF FISCAL YEAR 2019-20 MID-YEAR BUDGET REPORT
MARCH 10, 2020
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indicators are generally favorable. The City has reserves and a diverse revenue stream,
which is important in facing the upcoming challenges associated with increasing
retirement costs, deferred infrastructure maintenance, and other unmet needs.
The current projected ending General Fund Balance for June 30, 2020 is $2.6 million. This
projected fund balance represents 13% of appropriations. A significant decrease in the
projected fund balance is largely due to a planned $3,000,000 CalPERS prepayment made
in July 2018 and the $2,000,000 CalPERS prepayment made in July 2019 to reduce the
City’s unfunded pension liability principal balance and achieve significant savings in interest
payments. The projected Fund Balance assumes revenues are received exactly as
budgeted, all budget expenditures are made, and all capital transfers required by the
Capital Improvement Plan Program are completed. Historically, the General Fund has not
been required to fund all budgeted capital transfers, and expenditures at year-end are
traditionally less than budgeted.
As described more fully in the Mid-Year Budget Report, staff is recommending several minor
adjustments to the FY 2019-20 budget in order to address needs that were unanticipated
and necessary. In addition, the Report includes budget adjustments approved by the City
Council to date.
Historically, the Mid-Year Report is based on the completed Comprehensive Annual
Financial Report (CAFR) or audited financial statements. This year, due to capacity
constraints, the audit is not yet complete and the CAFR has not been presented to the
City Council. No significant variance in any fund balance is anticipated with the completion
of this work, which is expected to be completed in the next month.
ALTERNATIVES:
1. Approve the recommended budget adjustments and Schedule A of the Mid-Year
Budget Report,
2. Modify and approve the recommended budget adjustments and Schedule A of the
Mid-Year Budget Report;
3. Do not approve the recommended budget adjustments and Schedule A of the Mid-
Year Budget Report;
4. Provide direction to staff
ADVANTAGES:
The Mid Year Budget Report provides an updated review of the City finances in the current
fiscal year, allocates additional funding to meet unanticipated needs and complete projects.
DISADVANTAGES:
Based on the recommendations, departmental budgets maintain current service levels, no
significant new projects or programs are recommended.
ENVIRONMENTAL REVIEW:
No environmental review is required for this item.
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CITY COUNCIL
CONSIDERATION OF FISCAL YEAR 2019-20 MID-YEAR BUDGET REPORT
MARCH 10, 2020
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PUBLIC NOTIFICATION AND COMMENTS:
The Agenda was posted at City Hall and on the City’s website in accordance with
Government Code Section 54954.2.
Attachment:
1. Mid-Year Budget Report
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City of
Arroyo Grande
Administrative Services Department
MID-YEAR BUDGET REPORT
FISCAL YEAR 2019-2020
ATTACHMENT 1
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City of Arroyo Grande
Mid-Year Budget Report 2019-20 March 10, 2020
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Table of Contents
Overview ........................................................................................................................................................................3
Summary of Key Points................................................................................................................................................3
Budget Changes Approved To-Date ..........................................................................................................................4
Mid Year Budget Changes ...........................................................................................................................................5
General Fund Expenditures: ...................................................................................................................................5
General Fund Revenues:..........................................................................................................................................6
General Fund Overview ...............................................................................................................................................7
General Fund Revenues ...............................................................................................................................................9
General Fund Expenditures ........................................................................................................................................10
Other Funds ...................................................................................................................................................................11
Attachments ...................................................................................................................................................................11
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City of Arroyo Grande
Mid-Year Budget Report 2019-20 March 10, 2020
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Overview
The City’s Mid-Year Budget Report is prepared to compare the revenues and expenditures occurring during the first six
months of the fiscal year against budgeted amounts to determine appropriate adjustments; to provide links between the
City budget, the financial records, and the independent financial audit, and to compare revenues earned and expenses
made during the first six months of the Fiscal Year (FY) 2019-20 against the FY 2018-19 figures. This information is provided
in the following format:
Schedule A: The starting point is the FY 2018-19 ending fund balances, which is also the beginning Available Fund Balance
for the FY 2019-20. Combining the beginning Available Fund Balances with the estimated revenues, transfers, and
appropriations adopted in the Biennial Budget and this report, provides the estimated ending fund balances.
As a result of a comprehensive review, adjustments are recommended where actual receipts and disbursements are
materially different from the budgeted amounts. Although budget adjustments are recommended across several City funds,
typically the emphasis of the Mid-Year Budget Report is directed at the General Fund. The General Fund is deemed to be
the most critical as it provides most services commonly associated with government (i.e., public safety, recreation, parks,
building, public works, planning, etc.) and is limited primarily by tax-generated revenues.
Historically, the Mid-Year Report is based on the completed Comprehensive Annual Financial Report (CAFR) or audited
financial statements. This year, due to capacity constraints, the audit for FY 2018-19 is not yet complete and the CAFR has
not been presented to the City Council. No significant variance in any fund balances is anticipated with the completion of
this work, which is expected to be completed in the next month.
Summary of Key Points
• The City is currently facing a mixed fiscal picture. Revenues in many General Fund categories are increasing and
economic indicators are generally favorable.
• Minor adjustments to the budget are recommended at this time. Recent development and building permit activity has
increased and a demand for plan check services has resulted. In order to help decrease the processing time to return
building permit plan checks to customers, additional contractual services totaling $90,000 is requested. These increases
are expected to be offset by fee revenues.
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Mid-Year Budget Report 2019-20 March 10, 2020
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•The City Council has established an Undesignated General Fund Balance goal of 20% of annual appropriation with a
minimum goal of 15%. The City’s Undesignated General Fund Balance represents the available resources to provide
funding for future contingencies such as earthquakes, civil unrest, economic fluctuations, major infrastructure repairs
and investment in capital for improved productivity and efficiencies. Inadequate reserves increase financial risk,
negatively impact cash flow, and reduce the City’s ability to attract and sustain economic development and growth.
The current projected ending General Fund Balance for June 30, 2020 is $2.6 million. This projected fund balance represents
13% of appropriations. The decrease in the projected fund balance is largely due to a planned $3,000,000 CalPERS prepayment
made in July 2018 and the $2,000,000 CalPERS prepayment made in July 2019 to reduce the City’s unfunded pension liability
principal balance and achieve significant savings in interest payments. The projected General Fund Balance assumes revenues
are received exactly as budgeted, all budget expenditures are made, and all capital transfers required by the Capital
Improvement Plan Program are completed. Historically, the General Fund has not been required to fund all budgeted
capital transfers and expenditures at year-end are traditionally less than budgeted.
Budget Changes Approved To-Date
Various budget changes have been approved by the Council or City Manager, as appropriate, since the adoption of the
original Budget in June 2018 and reflect changes made through December 31, 2019. These include minor adjustments to
various operating budgets.
General Fund
Halloween in the Village event costs to facilitate public safety measures 5,000$
Village Christmas Parade event costs to facilitate public safety measures 6,235
Transition from At-Large to a District-Based Election System Agreement 31,211
Street Sweeping Services Agreement 10,200
52,646$
Approved Budget Changes to-date
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Mid-Year Budget Changes
As part of the mid-year process, departments were asked to review their current budgets and determine if any adjustments
should be proposed in this report. Departments have been asked to closely monitor their budgets and spend only what is
necessary. At this time, only minor adjustments are recommended to the General Fund departmental budgets that are
necessary due to timing considerations, increases that are supported by additional revenues, and one-time project funding.
General Fund Expenditures:
Summary of Requests:
Building Plan Checks $90,000
Public Education - Proposed Ballot Measure 25,000
Jim Guthrie Community Service Grant Fund Increase 10,000
CivicRec software support added by Recreation Services 4,500
Purchase of a new field paint sprayer for the Soto Sports Complex 2,551
Replacement cost of the Kubota tractor 2,500
Total General Fund $134,551
As summarized above, additional expenditures for FY 2019-20 totaling $134,551 in the General Fund are recommended.
Additional information is provided for each request below.
•Community Development – The Building Division is requesting an increase in contractual services for building plan
checks. The FY 2019-20 budget allocated a total of $90,000 to Building Division contractual services, including $10,000
for plan check costs and $80,000 for inspection costs. Year-to-date, $97,179.26 has been billed for plan check services
and $32,848.25 has been billed for building inspection services. During this time, development and building permit
activity has increased and a demand for plan check services has resulted. In order to continue to decrease the
processing time to return building permit plan checks to customers, additional contractual services totaling $90,000
is requested. This increase is expected to be offset by fee revenues.
•City Manager – The City Council will be considering the placement of a local sales tax measure on the November 2020
ballot. Due to the heightened activity anticipated with ballot measures for cities and counties statewide, and in order to
ensure public outreach and communications are effective, cost efficient, and comply with legal requirements, it is
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recommended the City rapidly retain a professional outreach firm in an amount up to $25,000 to engage in public
education efforts regarding the City’s financial needs. Staff will return to the Council to discuss and approve a full
public education plan and scope of work.
•City Council – At the December 10, 2019 Council Meeting, the Council expressed an interest in considering an increase
to the Jim Guthrie Community Services Grant Fund. If the City Council desires, staff has included a $10,000 increase for
Council discussion and consideration.
•Recreation Services – The Recreation Services Department purchased and implemented CivicRec software in FY 2018-
19.The Department is requesting an increase of $4,500 for FY2019-20 for the annual cost to host, maintain, and support
the software, which was not included in the annual budget. This cost will be placed in the Information Technology (IT)
contractual services account in order to streamline administration and tracking of the City’s ongoing technology
programs and services, and will be included in the IT budget as a recurring cost in future budget years.
•Public Works –
•The purchase of a new field paint sprayer for the Soto Sports Complex was needed as the old one failed
in the middle of the season. The Department is requesting an increase of $2,551.
•Due to the failure of the transmission and hydraulic system of the City’s 2003 Kubota tractor, the
Department is requesting an increase of $2,500 to augment the existing equipment replacement account.
General Fund Revenues:
Additional budgeted revenues are proposed totaling $213,500 for FY 2019-20 in the General Fund. Significant variances
are described below.
•Engineering Inspection Fees – Due to the increase in activity, there is an increase in engineering inspection revenues
of $173,000.
•Building Permits – Also due to the increase in activity, there is an increase in building and planning revenues of $40,500.
In general, revenues and expenditures in all other funds are on target with projections and prior year trends. No other
adjustments are required at this time.
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Mid-Year Budget Report 2019-20 March 10, 2020
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General Fund Overview
Revenues are currently 45% collected and expenditures are 49% spent. This reflects the fact that not all revenues and
expenditures occur evenly throughout the fiscal year. Significant variances are discussed later in the report, but in general,
this trend is consistent with prior years. As reflected on the following chart, collecting approximately 45% of the General
Fund revenues by the mid-point of the fiscal year is consistent with past trends.
After Mid-Year adjustments are recorded, the June 30, 2020, fund balance will be approximately $2.6 million, if all budget
projections are fulfilled. However, at June 30, 2020, the City may find that revenues have not met the budgeted projections
and not all budgeted appropriations will be spent as year-end actual expenditures are traditionally less than budgeted
amounts.
45%
39% 40% 40% 39%
0
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
14,000,000
16,000,000
18,000,000
20,000,000
2019-20 2018-19 2017-18 2016-17 2015-16
Revenue: % Collected at Mid Year
Mid Year Year End
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Shown below is an overview of the revenues, expenses, and transfers for Fiscal Years 2019-20 and 2018-19 as of the mid-
point of each fiscal year. As reflected, revenues are higher in the current fiscal year than they were at the same point in time
last year; expenditures are lower in FY 2019-20 due to the one-time payment of $3,000,000 to CalPERS in FY2018-19 and the
$2,000,000 payment in FY 2019-20 to reduce the City’s unfunded pension liability.
General Fund FY 2019-20 FY 2018-19 Variance
Revenues:
Mid-Year Actual $7,198,499 5,868,894$ $1,329,605
Mid-Year Transfers 1,318,998 1,270,050 $48,948
Total 8,517,497 7,137,060 $1,380,437
Expenditures:
Mid-Year Actual 10,112,488 11,666,207 (1,553,719)
Total 10,112,488 11,666,207 (1,553,719)
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General Fund Revenues
Total General Fund revenue collections are at 45% with half of the year complete. This is below 50% because certain
revenues received by the City are delayed; specifically, it only represents five months of Sales Tax revenue, five months of
Transient Occupancy Tax (TOT) revenue and four months of Franchise Fee revenue. The table below presents a comparison
of the City’s revenue accounts. The mid-year budget includes additional revenues of $213,500 for FY 2019-20 discussed
previously.
•Property Tax – Property tax trends are consistent with the same period last year and budgeted revenues are expected
to be met.
•Sales Tax – Sales tax is higher than projected and higher than the same period last fiscal year.
•Transient Occupancy Tax (TOT) – Transient Occupancy Tax is higher due to the opening of the new Agrarian hotel.
Actual
Title Budget Actual %Budget Actual %Change
Property Tax 7,180,900$ 2,265,212$ 32% 6,768,400$ 2,532,737$ 37% (267,525)
Sales & Use Tax 4,142,700 1,707,883 41% 4,108,800 1,209,006 29% 498,877
Transient Occupancy Tax 1,141,500 540,386 47% 1,126,000 477,428 42% 62,958
Franchise Fees 689,500 160,542 23% 624,200 170,816 27% (10,274)
Business License Tax 100,000 74,719 75% 95,000 73,803 78%916
Building Permits 264,500 171,129 65% 230,000 151,920 66% 19,210
Telecommunication Site Leases 250,000 175,192 70% 300,000 159,900 53% 15,292
Comm Dev Charges for Services 514,100 287,418 56% 330,100 258,222 78% 29,196
Recreation Charges for Services 795,200 423,168 53% 774,600 407,529 53% 15,639
Engineering Inspections 40,300 198,655 493% 147,200 - 0% 198,655
Public Works Charges for Services 70,900 13,965 20% 61,600 31,775 52% (17,810)
Other Revenues 778,467 1,180,229 152% 640,300 395,759 62% 784,470
Total 15,968,067$ 7,198,499$ 45% 15,206,200$ 5,868,894$ 39% 1,329,605$
Mid-Year Current Fiscal Year Mid-Year Prior Fiscal Year
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Mid-Year Budget Report 2019-20 March 10, 2020
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•Other Revenues – The increase in these revenue sources reflect the $747,422 payment received from PG&E for the
Community Impact Mitigation Program (CIMP) due to the Diablo Decommission. These revenues will be accounted
for in a reserve fund until the City implements a plan for these CIMP Funds.
•All other variances are within normal ranges.
General Fund Expenditures
Most departmental expenses are under the 50% budget mark with total FY 2019-20 expenses at 49% of budget. Individual
department/division differences between the current and prior fiscal year are highlighted in the table shown below.
•Planning Department – the majority of this increase reflects payment for accrued leave for an employee that separated
services in November 2019.
Actual
Title Budget Actual %Budget Actual %Change
City Manager 546,600$ 201,140$ 37% 508,700$ 190,253$ 37% 10,887$
Legislative & Info Svcs 484,611 213,161 44% 463,615 181,617 39% 31,544$
Retirees 235,000 71,692 31% 167,600 74,531 44%(2,839)$
City Attorney 283,200 108,398 38% 283,200 101,368 36%7,030$
Administrative Services 1,007,000 436,405 43% 884,400 504,337 57%(67,932)$
Planning 896,141 327,933 37% 927,321 236,670 26%91,263$
Information Technology 661,158 312,766 47% 639,108 325,841 51% (13,076)$
Non Departmental 3,693,600 2,034,095 55% 3,773,944 2,210,897 59% (176,802)$
Police 8,467,089 4,529,374 53% 9,658,274 5,913,945 61% (1,384,571)$
Building & Life Safety 486,400 213,849 44% 464,800 194,051 42%19,798$
Engineering 737,567 366,228 50% 850,965 401,848 47%(35,620)$
Recreation Services 1,128,500 480,574 43% 1,093,400 447,233 41% 33,341$
Public Works 2,082,751 816,874 39% 2,109,724 883,617 42% (66,743)$
Total 20,709,617$ 10,112,488$ 49% 21,825,051$ 11,666,207$ 53% (1,553,719)$
Mid-Year Current Fiscal Year Mid-Year Prior Fiscal Year
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•Non Departmental – the variance from the prior year reflects timing of payments made for the City’s contribution to
Five Cities Fire Authority as well as the annual payments made in July for Liability Insurance premiums.
•Police – The majority of this decrease reflects the CalPERS payment of $2,000,000 in July 2019 compared to the CalPERS
payment of $3,000,000 in July 2018, resulting in a variance of $1,000,000.
•All other variances are within a normal range.
Other Funds
Local Use Tax Fund (Fund 218)
This fund has been established to account for the ½ cent local sales tax increase that was approved in November 2006. With
four months of sales, this revenue source is at 45%. Based on past trends, revenues are on track.
CIP (Capital Improvement Program) Fund (Fund 350)
The procedures of the CIP require that revenues equal expenses in this fund, which means the fund does not typically have
a fund balance at year-end. If additional expenses are encountered in completing a project, funding must be found to match
the expenses. In reverse, when additional revenues are found, the scope of the project can be expanded, previous funding
returned to other funds, or revenues returned to the source.
Attachments
A brief overview of the attached schedules is provided to inform the reader of the purpose of each schedule.
1.Schedule A - Fund Balance: This schedule is provided to incorporate prior year fund balance into the current year
and to summarize the FY 2019-20 budget adopted by the City Council. This schedule includes adjustments that have
previously been approved by the City Council and includes the current requested adjustments in total.
2.General Fund Summary: This schedule provides a summary of the revenues, expenditures and fund balance with
actual results for the prior fiscal year as well as the current FY 2019-20 Budget and proposed amended balances for
FY 2019-20.
Item 11.b. - Page 14
Fund Balance
All Funds Operating Budget
2019-20 Mid-Year Budget Update
Schedule A
Estimated Estimated
Total Total
Available Available
Fund Balance Original Adjustment Operating Operating Budgeted Adjustments to Fund Balance
July 1, 2019 Revenues to Revenues Transfer In Transfer Out Appropriations Appropriations June 30, 2020
General Fund
010 General Fund:4,527,152$ 15,968,067$ 213,500 2,638,000 200,300 20,378,766$ 134,551.00 $2,633,102
Special Revenue Funds:
210 Fire Protection Impact Fees $238,275 $21,000 $0 $0 $0 $0 $0 $259,275
211 Public Access Television 89,310 36,200 0 0 0 0 0 125,510
212 Police Protection Impact Fees 49,643 5,300 0 0 10,000 0 0 44,943
213 Park Development Fees 1,174,449 91,000 0 0 0 0 0 1,265,449
214 Park Improvement Fees 232,648 50,900 0 0 10,000 25,000 0 248,548
215 Recreation Community Center 17,625 3,700 0 0 0 0 0 21,325
216 Grace Lane Assessment District 50,585 10,600 0 0 3,100 13,300 0 44,785
217 Landscape Maintenance District 808 5,900 0 0 1,007 5,700 0 0
218 Local Use Tax Fund 3,097,558 2,305,400 0 0 1,619,000 636,900 0 3,147,058
219 Parkside Assessment District 444,595 46,500 0 0 6,100 30,300 0 454,695
220 Streets 147,565 453,200 0 380,300 107,200 749,300 0 124,565
222 Traffic Signal 970,801 36,000 0 0 0 0 0 1,006,801
223 Traffic Circulation 150,841 500 0 0 0 0 0 151,341
224 Transportation Facility Impact 2,164,220 85,000 0 0 0 0 0 2,249,220
225 Transportation 147,881 260,700 0 0 240,700 20,000 0 147,881
226 Water Neutralization Impact 309,785 57,000 0 0 0 106,000 0 260,785
230 Construction Tax 30 0 0 0 0 0 0 30
231 Drainage Facility 5,891 0 0 0 0 0 0 5,891
232 In-Lieu Affordable Housing 718,381 15,500 0 0 0 0 0 733,881
233 In-Lieu Underground Utility 19,564 0 0 0 0 0 0 19,564
240 Tourism Business Improvement Dis 290,670 212,700 0 5,000 3,000 255,500 0 249,870
241 Water Availability Fund 1,444,549 57,000 0 0 0 553,421 0 948,128
250 CDBG Grant Funds 15,180 63,900 0 0 0 0 0 79,080
271 State COPS Block Grant 231,642 120,800 0 0 22,800 100,000 0 229,642
Total Special Revenue Funds $12,012,496 $3,938,800 0 $385,300 $2,022,907 2,495,421 $0 $11,818,268
City of Arroyo Grande
ATTACHMENT 1
Item 11.b. - Page 15
Fund Balance
All Funds Operating Budget
2019-20 Mid-Year Budget Update
Schedule A
Estimated Estimated
Total Total
Available Available
Fund Balance Original Adjustment Operating Operating Budgeted Adjustments to Fund Balance
July 1, 2019 Revenues to Revenues Transfer In Transfer Out Appropriations Appropriations June 30, 2020
City of Arroyo Grande
Capital Project Funds:
350 Capital Improvement Fund $70,467 $3,341,800 $0 $1,396,400 $0 $4,738,200 $0 $70,467
Total Capital Project Funds $70,467 $3,341,800 $0 $1,396,400 $0 $4,738,200 $0 $70,467
Enterprise Funds:
612 Sewer $1,265,430 $1,135,100 $0 $269,400 $470,700 $1,809,333 $0 $389,897
634 Sewer Facility 583,002 42,000 0 0 269,400 0 0 355,602
640 Water Fund 3,187,700 6,549,000 0 309,000 5,684,500 3,074,122 0 1,287,078
641 Lopez Water 1,704,878 0 0 3,684,100 0 3,744,200 0 1,644,778
642 Water Facility 849,316 60,000 0 0 309,000 0 0 600,316
Total Enterprise Funds $7,590,327 $7,786,100 $0 $4,262,500 $6,733,600 $8,627,655 $0 $4,277,672
Trust and Agency Fund:
751 Downtown Parking 2,020 11,000 0 0 3,600 4,400 0 5,020
Total Trust & Agency Fund $2,020 $11,000 $0 $0 $3,600 $4,400 $0 $5,020
Grand Total All Funds $24,202,462 $31,045,767 $213,500 $8,682,200 $8,960,407 $36,244,442 $134,551 $18,804,529
Item 11.b. - Page 16
2016-17 2017-18 2018-19 ORIGINAL AMENDED
ITEM ACTUAL ACTUAL ACTUAL (Unaudited)BUDGET BUDGET
Beginning Fund Balance 7,059,746$ 7,002,335$ 7,378,018$ 4,527,152$ 4,527,152$
Revenues:
Revenues 14,346,190 15,214,121 15,272,237 15,968,067 16,181,567
Transfers In 2,348,804 2,665,316 2,540,100 2,638,000 2,638,000
Total Revenues 16,694,994 17,879,437 17,812,337 18,606,067 18,819,567
Expenditures:
Salaries and Benefits 9,447,375 10,485,041 13,864,647 13,532,600 13,532,600
Services and Supplies 5,992,578 6,112,099 6,228,961 6,525,808 6,660,359
Debt Service 129,523 269,961 189,104 190,100 190,100
Capital Outlay 360,395 329,637 101,164 130,258 130,258
Transfers Out 426,234 307,017 279,327 200,300 200,300
Expenditure Savings
Total Expenditures 16,356,105 17,503,754 20,663,204 20,579,066 20,713,617
Total Operating Increases (Decreases)338,889 375,683 (2,850,867) (1,972,999) (1,894,050)
Reserved for carryover (396,300) - - - -
Total Adjustments to Fund Balance (57,411) 375,683 (2,850,867) (1,972,999) (1,894,050)
Available Fund Balance 7,002,335$ 7,378,018$ 4,527,152$ 2,554,153$ 2,633,102$
2019-20
GENERAL FUND SUMMARY - Mid-Year Budget Report
ATTACHMENT 2
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