Page 283 - FY 24 Budget Forecast at Adoption.xlsx

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 2023-24
FY 2021-22 FY 2022-23 FY 2022-23 Adopted Budget
REVENUES Actual Budget YE Proj. Budget Variance ($)

City Sales Taxes $ 2,277,592 $ 2,109,025 $ 2,294,103 $ 2,345,414 $ 236,389
Sidewalk Fees 19,148 – 9,183 – –
Miscellaneous Revenue – – – – –

Interest Revenue-Investments 3,937 1,530 36,320 11,483 9,953
Use Of Fund Balance – – – – –
TOTAL $ 2,300,677 $ 2,110,555 $ 2,339,606 $ 2,356,897 $ 246,342

EXPENDITURE SUMMARY

FY 2023-24
FY 2021-22 FY 2022-23 FY 2022-23 Adopted Budget
EXPENDITURES BY CATEGORY: Actual Budget YE Proj. Budget Variance ($)

Personnel services $ – $ – $ – $ – $ –

Operations & maintenance – 10,000 10,000 10,000 –

Services & other – – – – –

Transfers to other funds 1,800,057 2,100,000 2,100,000 2,595,414 495,414

Capital outlay – – – – –
TOTAL $ 1,800,057 $ 2,110,000 $ 2,110,000 $ 2,605,414 $ 495,414

281