2021 11-16 CC PACKET - Laserfiche WebLink

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z�;o,000.ao 2oo,0-)().OD Expenditures by Department: Park Maintenance in 2020 Budget 0 2020 Actual ut 2021 Budget m 2021 Actual. Overall, the General Fund appears to be in good shape through the first three..quarters of the year. If revenues and expenditures follow previous year collections and expenditure patters, .revenues should finish the year above budget amounts while expenditures finish near budgeted amounts. Also revenue should exceed expenditures. Both which seem likely now. SPECIAL REVENUE FUNDS The City's only Special Revenue Fund is the Parks and Playgrounds Fund, which has had only interest earnings of $314.53 through the 3111quarter of the year, DEBT SERVICE FUNDS All scheduled debt payments totaling $129,815.00 were. paid: Funding comes from property taxes: and special assessments, which the City received in. July with the first half 2021 property tax settlement for $75,805,91. The City will receive the second half settlement in. December, CAPITAL PROJECT FUNDS' Revenues for the Capital Project Funds total $52,51.0.88, which includes bond special assessment collections for the waterline.extension for $24199,59, interest earnings of $3,311.29, and an operating transfer from the general fund of $25,0M The only expenditures in 2021 are from the Hoffman Road street reconstruction project, which total $103,816.52 so far in 2021.. ENTERPRISE FUNDS The City's Enterprise Funds consist of the Sewer Enterprise Fund and the Water Enterprise Fund. Revenues are above last year revenues and are just below 94.5% of budgeted revenues. Revenues totaled $66,843.76 for the year compared to $66,203.94 last year. The City still has 4t quarter sewer billings to be recorded... Expenses for the year.are slightly above last year's expenses and are over 24% of. budgeted expenditures. Keeping in mind that the expense budget for the Sewer and Water Enterprise Funds includes depreciation, which is not recorded