Page 303 - Microsoft Word - FY 2021 tax info sheet

STREET AND SIDEWALK IMPROVEMENTS FUND

FUND DESCRIPTION:
The Street/Sidewalk/Drainage Improvements fund is a recurring capital project fund, funded from the street maintenance sales
tax effective November 2019, developer sidewalk fees, street assessments and transfers from other funds. Street
assessments are generally transferred to the Debt Service Fund for retirement of debt issued to fund the related street
improvement. Expenditures are designated for street, sidewalk, and drainage improvements.

REVENUE SUMMARY

FY 2021-22
FY 2019-20 FY 2020-21 FY 2020-21 Adopted Budget
REVENUES Actual Budget YE Proj. Budget Variance ($)

City Sales Taxes $ 1,808,641 $ 1,622,069 $ 1,780,120 $ 1,800,057 $ 177,988
Sidewalk Fees 3,864 11,346 100 – (11,346)
Miscellaneous Revenue 86 – – – –
Interest Revenue-Investments 9,086 7,143 3,253 5,096 (2,047)
Use Of Fund Balance (84) – – – –
TOTAL $ 1,821,593 $ 1,640,558 $ 1,783,473 $ 1,805,153 $ 164,595

EXPENDITURE SUMMARY

FY 2021-22
FY 2019-20 FY 2020-21 FY 2020-21 Adopted Budget
EXPENDITURES BY CATEGORY: Actual Budget YE Proj. Budget Variance ($)

Personnel services $ – $ – $ – $ – $ –
Operations & maintenance – – – – –
Services & other – – – – –
Transfers to other funds 1,801,609 1,526,609 1,526,609 1,800,057 273,448
Capital outlay – – – – –
TOTAL $ 1,801,609 $ 1,526,609 $ 1,526,609 $ 1,800,057 $ 273,448

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