Mid-Year Financial Review Fiscal Year 2015-2016 City of Menifee Mid-Year Financial Review Fiscal Year 2015-2016
City Wide Revenues Budgeted $43,147,083 FY 2015/16
General Fund Revenues $30,785,808 Original Mid-Year Revised YTD Budget Adjustments Actual % Property Tax $ 10,601,000 $ 10,601,000 $ 6,181,599 58% Sales Tax 6,406,000 594,000 $ 7,000,000 2,029,434 29% Franchise Fees 3,500,000 $ 3,500,000 804,314 23% Building Permitting Fees 5,000,000 475,000 $ 5,475,000 3,714,122 68% County Augmentation 1,021,342 $ 1,021,342 0% Parks & Recreation 213,600 $ 213,600 105,729 49% Other Revenues 2,912,366 62,500 $ 2,974,866 1,064,846 36% Total $ 29,654,308 $ 1,131,500 $ 30,785,808 $ 13,900,044 45% YTD Actual based on the first 7 months of FY 2015-2016
Building Permits Issued Number of Permits % Growth/Decline Revenues FY 2009/10 1684 $ 2,022,654 FY 2010/11 1852 10.0% $ 2,119,315 FY 2011/12 1324 -28.5% $ 1,739,944 FY 2012/13 2807 112.0% $ 2,541,969 FY 2013/14 3180 13.3% $ 6,283,373 FY 2014/15 2969 -6.6% $ 5,746,903 FY 2015/16 2264 $ 3,741,122
Number of Building Permits Permits Issued 1,684 1,852 1,324 2,807 3,180 2,969 2,264
General Fund Expenditures $30,937,943
General Fund Expenditures FY 2015/2016 Original Mid-Year Revised YTD Budget Adjustment Actual % Police 10,770,641 *660,000 11,430,641 3,819,499 33% Fire 8,245,495 *85,273 8,330,768 2,023,253 24% City Council 155,959 20,177 176,136 71,396 41% City Manager 491,760 17,759 509,519 275,995 54% City Attorney 335,058 205,185 61% City Clerk 325,633 4,131 329,764 211,169 64% Emergency Services 17,042 24,344 41,386 27,509 66% Administrative Services 496,440 36,654 533,094 289,416 Finance 723,096 10,814 733,910 412,584 56% Non Departmental 1,028,861 41,770 1,070,631 806,839 75% * Reduction to Balance Budget with Agreement to Replace at Mid-Year or Service Reduction
General Fund Expenditures FY 2015/2016 Original Mid-Year Revised YTD Budget Adjustment Actual % Planning 1,263,105 23,120 1,286,225 588,662 46% Building & Safety 986,391 63,291 1,049,682 572,686 55% Code Enforcement 550,449 11,775 562,224 289,634 52% Economic Development 482,648 1,242 483,890 257,801 53% Animal Control 449,054 38,000 487,054 208,520 43% Public Works Administration 514,439 15,283 529,722 276,474 Engineering 1,972,659 33,017 2,005,676 806,644 40% NPDES 265,000 40,000 305,000 98,807 32% Community Services 732,713 4,850 737,563 390,625 Total $ 29,806,443 $ 1,131,500 $ 30,937,943 $ 11,632,698 38%
Gas Tax Fund FY 2015/16 Original Mid-Year Revised YTD Budget Adjustment Actual % Gas Tax Revenues $ 2,024,232 $ (116,820) $ 1,907,412 $ 952,815 50% Salaries & Wages 389,223 181,988 47% Street Maintenance 849,896 183,698 22% Street Lighting 20,000 10,947 55% Traffic Signal Maintenance 200,000 48,827 24% Transfer to General Fund 156,436 91,254 58% Capital Projects 783,377 576,157 74% Total Expenditures 2,398,932 - 1,092,871 46% Net Surplus (Deficit) $ (374,700) $ (491,520) $ (140,056) YTD Actual based on the first 7 months of FY 2015-2016
Summary of Mid-Year Adjustments Increase Sales Tax $594,000 (General Fund) Increase Building Permit Revenues $475,000 (General Fund) Increase Misc. General Fund Revenues $62,500 Summary Project Total General Fund Revenues Increase $1,131,500 Increase Total General Fund Expenditures $1,131,500 $660,000 Police Services, $85,273 Fire Services & $386,227 for general Governmental operations $19.8 Million or 64% for Public Safety & 36% for general Governmental operations.
Summary of Mid-Year Adjustments (continued) Decrease Gas Tax Revenues $116,820 5.8% reduction in revenues Increase Revenues for LLMD Funds by $7,000 and Increase appropriations in LLMD by $39,000 Increase appropriations in CSA 80 by $40,000 for street lighting Increase appropriations in Public Facility DIF by $50,351.