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Expenditures by Department <br />ra,noo.00. <br />i <br />l' <br />k�av <br />! 0, 000 .40 <br />OU <br />20,.000,AC3 <br />t3enes:al <br />PLIWC <br />Safety <br />Government <br />Public Works <br />Park <br />Maintenance <br />e 2021 iludget <br />0 2.02.1 A4(dal <br />N ?02-2 audge.t <br />r 2022,AcLual <br />Overall, the General Fund appears to be in good shape through the first quarter of the year. If <br />revenues and expenditures follow previous year collections and expenditure patters revenues <br />should finish the year near budget amounts while expenditures should finish below budgeted <br />amounts. Staff will monitor revenues and expenditures through the summer months to -see -if <br />revenues will still exceed expenditures by.year-end or if the City will, need to use some of their <br />reserves to pay 2022 expenditures. <br />SPECIAL REVENUE FUNDS <br />The. City's only Special Revenue Fund is the Parks. and Playgrounds Fund, which has had only <br />interest earnings of.$137.37 for revenue activity through the first quarter and no expenditures. <br />DEBT SERVICE FUNDS <br />On February 1.1 the City paid its 2022 debt obligations:of $105,000.00 in principal and <br />$16,462.50 of interest. The City now has $.960,000.00 in outstanding debt The next scheduled <br />debt payment is the 'interest only payment of $15196.25 due August 13t. Funding comes from <br />property taxes and special assessments, which the Cityreceives in July. The City did. receive <br />first quarter -interest earnings of $337.32. <br />CAPITAL PROJECT FUNDS <br />The main revenue sources are.:spei�ial assessments, which are received in July and a.•transfer <br />from the General Fund, which -will be done• in April. So farthe only revenue is interestearnings <br />•of:$1,153.83. The $93,247,63 in oixperiditures are•costs•from replacinglfixing the embankment. <br />by -the railwayand greenhouse. <br />ENTERPRISE FUNDS <br />The City's Enterprise Funds include the•.Sewer*and Water Enterprise Funds. Revenues for the. <br />first quarter are below last year revenues and•are just over 23.14% of budgeted revenues. <br />Revenues totaled $19,280.92 for the first quarter of 2022 compared to $22,628:97 last year. <br />Expenses for the year are also above last year's expenses.arid are just over 17..97% of <br />.budgeted expenditures. Keeping in mind•that the expense budget for the Sewer and Water <br />Enterprise Funds includes depreciation, which is not recorded until year-end. The maid <br />I <br />