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Home My WebLink About0007_3_Mid-Year Budget Report - Exhibit B Reso ExhibitCITY OF LAKE ELSINORE, CALIFORNIA SUMMARY OF REVENUES, EXPENDITURES, AND CHANGE IN FUND BALANCE 2016‐17 MIDYEAR ANNUAL OPERATING BUDGET FY 14‐15 ACTUALS FY 15‐16 ACTUALS FY 16‐17 CURRENT BUDGET FY 16‐17 MIDYEAR BUDGET $ Inc/(Dec) % Inc/(Dec) Revenues: Sales Tax 8,572,066$ 9,939,637$ 9,720,300$ 9,720,300$ ‐$ 0.00% Property Tax 6,221,584 6,523,663 7,068,582 7,068,582 ‐ 0.00% Franchise Tax 2,389,413 2,423,707 2,712,101 2,650,200 (61,901) ‐2.28% Building Permit Fee 1,496,211 1,953,331 2,000,000 2,275,000 275,000 13.75% Property Transfer Tax 292,324 327,367 302,656 327,656 25,000 8.26% Transient Occupancy Tax 451,490 487,423 330,000 480,000 150,000 45.45% Other Licenses & Permits 823,567 1,738,911 1,054,211 1,280,561 226,350 21.47% Intergovernmental 157,077 151,526 86,500 89,500 3,000 3.47% Fees 3,609,823 3,569,065 3,540,768 3,539,187 (1,581) ‐0.04% Fines and Forfeitures 566,983 546,861 510,450 555,600 45,150 8.85% Fire Service Tax Credit 2,193,315 2,288,085 2,478,981 2,478,981 ‐ 0.00% Investment Earnings 156,420 231,526 105,000 105,000 ‐ 0.00% Reimbursements and Other 4,250,470 4,151,929 5,799,289 5,843,337 44,048 0.76% Special Assessments 3,636,515 3,791,923 3,870,804 3,598,979 (271,825) ‐7.02% Traffic Safety, Offender & Enforcement 569,291 564,024 705,500 734,510 29,010 4.11% Reimbursements for Street Program 1,730,669 798,500 798,500 798,500 ‐ 0.00% Total Revenues 37,117,218$ 39,487,480$ 41,083,642$ 41,545,893$ 462,251$ 1.13% Expenditures by Department: General Government: City Council 276,871$ 306,828$ 233,864$ 233,864$ ‐$ 0.00% Community Support ‐ 33,534 89,200 89,200 ‐ 0.00% City Treasurer ‐ ‐ ‐ ‐ ‐ 0.00% City Clerk 391,313 432,681 603,973 603,973 ‐ 0.00% City Attorney 431,103 587,691 500,000 500,000 ‐ 0.00% City Manager 461,453 592,447 758,121 758,121 ‐ 0.00% Administrative Services Finance 1,035,529 1,355,936 1,736,024 1,736,024 ‐ 0.00% Human Resources 236,463 307,684 293,185 293,185 ‐ 0.00% Public Safety: Police Services 10,830,422 11,462,439 12,431,410 12,431,410 ‐ 0.00% Fire Services 7,190,361 6,913,288 7,597,637 7,597,637 ‐ 0.00% Animal Services 788,635 804,184 839,200 839,200 ‐ 0.00% Community Development: Planning 930,492 1,176,424 1,243,418 1,243,418 ‐ 0.00% Economic Development 204,559 373,533 440,896 440,896 ‐ 0.00% Building & Safety/Fire Prevention 1,057,782 1,361,712 1,711,526 1,722,026 10,500 0.61% Code Enforcement/Graffiti 556,456 624,055 745,926 745,926 ‐ 0.00% Public Services: Engineering 1,838,447 2,082,484 1,799,224 1,799,224 ‐ 0.00% Public Works/Weed Abatement 1,436,557 1,741,231 2,467,668 2,567,218 99,550 4.03% Park Maintenance 1,394,701 1,590,228 2,041,631 2,041,631 ‐ 0.00% Lake Maintenance 1,317,837 1,498,080 1,376,069 1,376,069 ‐ 0.00% Community Services: Recreation 714,603 692,706 926,806 926,806 ‐ 0.00% Community Center 457,542 610,588 834,773 929,773 95,000 11.38% Senior Center 165,191 246,965 301,844 301,844 ‐ 0.00% Campground 34,017 410,502 337,630 482,630 145,000 42.95% Internal Service: Insurance 434,974 ‐ ‐ ‐ ‐ 0.00% Information Systems 584,010 ‐ ‐ ‐ ‐ 0.00% Support Services 5,992 ‐ ‐ ‐ ‐ 0.00% Fleet 383,293 ‐ ‐ ‐ ‐ 0.00% Facility Maintenance 236,290 ‐ ‐ ‐ ‐ 0.00% Non‐Departmental ‐ Operating 2,796,940 2,801,932 2,678,260 2,698,592 20,332 0.76% Total Expenditures 36,191,836$ 38,007,153$ 41,988,285$ 42,358,667$ 370,382$ 0.88% Excess of Revenues Over (Under) Expenditures 925,381 1,480,327 (904,643) (812,774) 91,869 Operating Transfers In ‐ ‐ 80,885 80,885 ‐ Operating Transfers out (186,489) (1,056,361) (260,000) (260,000) ‐ Excess of Revenues Over (Under) Expenditures & Op Transfers In/(Out) 738,892 423,966 (1,083,758) (991,889) 91,869 Fund Balance, Beg. of Year 11,232,051 11,970,943 12,394,909 12,394,909 Fund Balance, End of Year 11,970,943$ 12,394,909$ 11,311,151$ 11,403,020$ CITY OF LAKE ELSINORE, CALIFORNIA SUMMARY OF REVENUES, EXPENDITURES, AND CHANGE IN FUND BALANCE 2016‐17 MIDYEAR ANNUAL OPERATING BUDGET FY 14‐15 ACTUALS FY 15‐16 ACTUALS FY 16‐17 CURRENT BUDGET FY 16‐17 MIDYEAR BUDGET $ Inc/(Dec) % Inc/(Dec) Detail of Fund Balance Nonspendable: Deposits and prepaid items 16,468$ 29,015$ 25,000$ 25,000$ Loans Receivable 1,000,000 1,000,000 1,000,000 1,000,000 Assigned Uncertainty reserve (17.5%) 6,366,207 6,836,115 7,393,450 7,458,267 Unassigned Unallocated reserve 4,588,268 4,529,780 2,892,702 2,919,754 Total Fund Balance (net) 11,970,943$ 12,394,909$ 11,311,151$ 11,403,020$