2023 11-21 CC PACKET - Laserfiche WebLink

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Expenditures byDepartment 300,000.00. 250,000.0 ] ' ? F` r efm al Public 5a1ely Niblic Wwks Park Maimcllatice Fza 7p22 [St�d�er l022:.Act•uai r2U7.3:C3i[ti�;et 2023.Actual: Overall, the General Fund appears to be in good shape through the first three quarters of the year. If revenues and. expenditures fallow previous year collections and expenditure patters, revenues should finish the year above budget amounts while expenditures finish below budgeted amounts. Also revenue should exceed. expenditures. Both which seem likely now. SPECIALREVENUE FUNDS The City's Only Special RevenUe .Fund. is the Parks and Playgrounds Fund, which has interest earnings of $1,104.49 through the 31d quarter of the year. There has been no expenditures s❑ far this year. DEBT SERVICE FUNDS. All scheduled debt :payments totaling $137,878.75 were paid. From the table on the first page it would appear that the. Debt Service Funds.are over budget, but the budget is for 3i4 of the year and the actual expenditures.are for the full year or 100% spent. Funding comes from property taxes and special assessments, which the City received in July with the first half 2023 property tax settlement for $77,436;37.. The City wilf receive the second half settlernent in December. CAPITAL PROJECT FUNDS Revenues for the Capital Project Funds total $47,118.47, which includes bond special assessment collections for the waterline extension for $19,837.24, interest. earnings of $7,281.23, andan operating transfer fromthe general fund of $20,000, The expenditures in 2023 are for the road. project, which total $140,81Q,00 so far.in 2023. ENTERPRISE FUNDS The City's Enterprise Funds oonsist.of the Sewer Enterprise Fund and the Water Enterprise Fund. Revenues are above last year revenues and are above budget at 11.3:.40% of budgeted revenues, with the 41h quarter still to be billed. Revenues totaled .$92,194.50 for the year Compared to $73,931.57 last year. Expenses for the year are above last year's expenses and