Page 66 - Microsoft Word - FY 2021 tax info sheet

As The Pointe continues to recover from COVID-related impacts, this position will help to recruit new
members and enhance the marketing reach of the various programing opportunities. There are large
one-time expenditures for fitness equipment replacement at $145,000 and indoor pool deck replacement
for $135,000.

Information Technology Fund

FY 2021-22 Revenues $2,389,964
Compared to $ Growth % Growth

FY 2020-21 Budget $61,134 2.6%
FY 2020-21 Projection $59,505 2.6%

FY 2021-22 Expenditures $2,359,404
Compared to $ Growth % Growth
FY 2020-21 Budget $(543,260) (18.7)%
FY 2020-21 Projection $(467,400) (16.5)%

Revenues – Expenditures $ 30,560

The Information Technology Fund accounts for citywide information services/information technology
operations and is an Internal Service Fund. It is supported by transfers from departments within other
operating funds based upon a ratio of computer equipment and actual costs of specialized software or
equipment. The expenditures vary annually based upon the computer and technology replacement
schedule. For FY 2021-22, the expenditures decrease can be attributed largely to the removal of a one-
time purchase of new finance software of $562,152. For FY 2021-22, $182,800 is budgeted in the
Computer Services division for the replacement of monitors, projectors and tablets compared to $245,500
in FY 2020-21.

Self-Insurance Fund

FY 2021-22 Revenues $4,581,640
Compared to $ Growth % Growth
FY 2020-21 Budget $0 -%
FY 2020-21 Projection $0 -%

FY 2021-22 Expenditures $4,541,645
Compared to $ Growth % Growth
FY 2020-21 Budget $0 -%
FY 2020-21 Projection $0 -%

Revenues – Expenditures $ 39,995

The Self Insurance Fund is an Internal Service Fund that uses revenues to pay for premiums for city
employees and expenditures are used for claims and claims administration. This is the first year this
fund is in use to pay for employee health coverage. This fund has been receiving salary savings from
prior years and from FY 2020-21 adding up to a current estimated fund balance of $4,642,147. The
fund gives the city greater control over healthcare costs, and allows the money dedicated to healthcare
to stay in the city’s budget rather than being paid to a health insurance company.

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