Agenda No. 16.
CITY COUNCIL MEMORANDUM
| City Council Meeting: | September 19, 2023 |
| Department: | Finance |
| Subject: | Monthly Financial Statements for June and July 2023 (S. Gonzalez/J. Walters) |
BACKGROUND
June Summary:
For the General Fund revenue is sitting at 85% of budget while expenditures are at 73%
For the Water & Sewer Fund revenue is at 80% and expenditures are at 82%
For the EMS Fund revenue is at 72% and expenditures are at 81%
July Summary:
For the General Fund revenue is sitting at 90% of budget while expenditures are at 80%
For the Water & Sewer Fund revenue is at 88% and expenditures are at 88%
For the EMS Fund revenue is at 78% and expenditures are at 87%
In all main operating funds, revenue is meeting or exceeding expectations. Taxes, investment income, water fees, sewer fees, and garbage fees are all exceeding expectations by at least 5% each and is expected to exceed the budget by year end.
The expenditures in the main operating funds are all meeting expectations for this time period.
For the General Fund revenue is sitting at 85% of budget while expenditures are at 73%
For the Water & Sewer Fund revenue is at 80% and expenditures are at 82%
For the EMS Fund revenue is at 72% and expenditures are at 81%
July Summary:
For the General Fund revenue is sitting at 90% of budget while expenditures are at 80%
For the Water & Sewer Fund revenue is at 88% and expenditures are at 88%
For the EMS Fund revenue is at 78% and expenditures are at 87%
In all main operating funds, revenue is meeting or exceeding expectations. Taxes, investment income, water fees, sewer fees, and garbage fees are all exceeding expectations by at least 5% each and is expected to exceed the budget by year end.
The expenditures in the main operating funds are all meeting expectations for this time period.