CC - Item 2B - Fiscal Year 2019-2020 End of Year Summary PresentationFiscal Year 2019/20
September 22, 2020
Presented by Dr. Scott Miller, Interim Finance Director/Treasurer
1
ITEM FY 19-20
Amended
Budget
FY 19-20
Estimated
Budget(May 2020)
FY 19-20
Unaudited
Actual
Revenues $25,051,000 $20,264,000 $22,944,000
Expenditures $23,925,000 $24,021,000 $22,034,000
Surplus/(Deficit)
Forecasted $1,126,000 ($2,753,000)($910,000)
GF Reserve Balance
Forecasted
$23,173,000
(June 30, 2019)$20,420,000 $24,083,000
(June 30,2020)
2
0
5
10
15
20
25
30
35
40
45
17/18 18/19 19/20 20/21
Revenues Expenses CIP
All Funds FY 19/20
(Unaudited)
Revenues $35,459,000
Expenses $29,234,000
Surplus/(Deficit)$6,225,000
CIP Projects
Budgeted
$4,617,000
3
20.5
21
21.5
22
22.5
23
23.5
24
24.5
18/19 19/20 20/21
(Forecast)
Revenues Expenses
General Fund FY 19/20
Revenues $22,944,000
Expenses $22,034,000
Surplus/(Deficit)$910,000
4
FY 2019/20
5
General Fund Revenue FY 18/19
Actual
FY 19/20
Estimated
FY 19/20
Actual
Property Tax & R.E. Transfer 9,559,500 9.699,000 10,016,000
Sales Tax 5,735,500 4,520,000 5,430,000
Transient Occupancy Tax 2,314,700 1,800,000 1,793,000
Bldg. Permit & Plan Check Fees 1,833,100 1,454,800 1,543,000
Franchise Fees 1,254,000 1,150,000 1,272,000
Recreation Fees 867,400 588,700 514,000
Public Safety 619,100 513,000 594,779
Public Works Permits 511,600 376,000 454,000
Grants 274,400 243,900 165,800
Other Fees & Revenues 1,754,200 910,500 1,756,000
TOTAL 24,723,500 21,264,900 22,944,000
6
The City’s Economic Environment did slump from projected increases inFY 18-19 to FY 19-20.
Hardest hit revenues were Sales Tax, Transient Occupancy Tax and
Building Permits/Plan Fees; average decreases of approx. 8%-22%.
Sales Tax, while slumping, was better then anticipated due to an average
33% increase in pooled sales tax funds from internet sales through-outthe state.
Property Tax, Franchise Fees and Public Safety Fees remained stable orslightly increased.
Looking at FY 20-21, while Federal Aid from the CARES ACT Funds will
help with some general fund issues-at this point, the COVID-19
Emergency is continuing to make accurate forecasting of revenues very
difficult to predict.
7
Department FY 18/18 Actual FY 19/20 Estimated FY 19/20 Actual
Council/Commission/City Attorney/City Clerk 1,660,100 1,611,400 1,437,900
City Manager/IT 829,600 948,400 903,400
Finance/General Services 1,104,700 1,132,400 949,900
Human Resources 305,100 367,400 253,400
Public Safety 9,062,900 9,933,200 9,541,700
Public Works 4,280,700 4,457,000 4,229,600
Parks & Recreation 2,326,300 3,021,400 2,675,000
Community
Development 2,139,400 2,549,800 2,043,100
Total 21,708,800 24,021,000 22,034,000
8
9