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Budget analyst reports general fund revenues outperforming budget; wastewater and transit figures discussed
Summary
Budget analyst Marcia Mason reported Q4 budget-to-actuals: 98% of budgeted revenues recorded to date and estimated actuals of about 106% (general fund projected to end $4.4M over budget); wastewater and transit fund projections and departmental variances were highlighted.
Budget analyst Marcia Mason presented the city’s fourth-quarter budget-to-actuals, detailing revenue and expenditure performance across the general fund, wastewater and transit funds.
Marcia said, “As of June 30, 98% of the budgeted revenues have been collected,” and that estimated actuals were expected to reach about 106%, driving a projected general fund surplus compared with budget of roughly $4,400,000. She highlighted that certain operating categories—recruitment, utilities and fleet costs—came in over budget. For enterprise funds, Marcia reported wastewater revenues were estimated at 109% of budget with overall wastewater expenses expected to be $750,000 less than budget; transit revenues were expected at 94% with expenses at about 99% of budget.
A member asked about delinquent wastewater accounts and how revenue collections that later go onto the property tax roll are recorded; staff explained those receipts are recorded as receivables and reconciled when the county transmits funds. The committee moved to receive and file the budget-to-actuals report and approved it by voice vote.
