Page 3 - CityofRichlandHillsFY25AdoptedBudget

FY 2024-2025 ADOPTED BUDGET

FY 2025 TO FY 2025 TO
GENERAL FUND REVENUES FY 2022 FY 2023 FY 2024 FY 2025 FY 2024 FY 2024
SUMMARY ACTUAL ACTUAL ADOPTED PROPOSED $ CHANGE % CHANGE

PROPERTY TAXES $ 2,803,082 $ 3,164,771 $ 3,217,091 $ 3,244,236 $ 27,145 0.8%
SALES TAXES 4,571,298 4,898,591 4,877,144 5,430,000 552,856 11.3%

LIQUOR TAXES 2,784 2,408 2,500 2,500 - 0.0%

FRANCHISE FEES 549,332 604,469 556,800 548,800 (8,000) -1.4%
FINES & FORFEITURES 298,288 401,444 385,100 464,100 79,000 20.5%

LICENSES & PERMITS 177,429 264,742 279,225 272,625 (6,600) -2.4%
CHARGES FOR SERVICES 296,821 341,993 268,850 198,850 (70,000) -26.0%

MISCELLANEOUS REVENUES 563,149 544,432 552,227 501,827 (50,400) -9.1%

TOTAL REVENUES $ 9,262,183 $ 10,222,850 $ 10,138,937 $ 10,662,938 $ 524,001 5.2%

FY 2025 TO FY 2025 TO
GENERAL FUND EXPENDITURES FY 2022 FY 2023 FY 2024 FY 2025 FY 2024 FY 2024
SUMMARY ACTUAL ACTUAL ADOPTED PROPOSED $ CHANGE % CHANGE

MUNICIPAL COURT $ 275,460 $ 296,912 $ 295,313 $ 217,832 $ (77,481) -26.2%
ADMINISTRATION 576,674 720,169 709,039 717,955 8,916 1.3%
POLICE 1,909,797 2,213,856 2,580,786 2,650,274 69,488 2.7%
FIRE 2,395,206 2,445,022 2,624,656 2,810,592 185,936 7.1%
STREETS 344,485 241,061 300,143 351,196 51,053 17.0%
LIBRARY 387,950 394,470 470,100 479,891 9,791 2.1%
RECREATION 281,150 290,642 289,595 290,852 1,257 0.4%
PARKS & GROUNDS 163,820 239,370 323,742 329,196 5,454 1.7%
COMMUNITY DEVELOPMENT 416,000 558,289 504,608 442,897 (61,711) -12.2%
COMMUNITY COMPLIANCE 199,189 268,515 235,448 437,833 202,385 86.0%
LEGISLATIVE (CITY SECRETARY) 129,661 144,919 149,127 155,910 6,783 4.5%
SHARED SERVICES 616,040 999,346 957,232 1,029,103 71,871 7.5%

TOTAL EXPENDITURES $ 7,695,432 $ 8,812,571 $ 9,439,789 $ 9,913,531 $ 473,742 5.0%

Transfers Out/Non Departmental $ 446,218 $ 2,894,726 $ 595,633 $ 630,407 $ 34,774 5.8%
TOTAL EXPENDITURES AND TRANSFERS $ 8,141,650 $ 11,707,297 $ 10,035,422 $ 10,543,938 $ 508,516

DIFF REVENUES VS EXPEND/TFERS $ 1,120,533 $ (1,484,447) $ 103,515 $ 119,000

Transfer to Strat Initiative (USE OF Fund Balance) $ - $ - $ (256,260) $ (812,700)

TOTAL GENERAL FUND BUDGET $ 10,291,682 $ 11,356,638

BEGINNING FUND BALANCE $ 4,432,749 $ 5,553,282 $ 4,068,835 $ 3,916,090
ENDING FUND BALANCE $ 5,553,282 $ 4,068,835 $ 3,916,090 $ 3,222,390
90 DAYS RESERVE AMOUNT $ 1,897,504 $ 2,886,731 $ 2,474,488 $ 2,599,875
AMOUNT OVER/(UNDER) RESERVE REQUIREMENTS $ 3,655,778 $ 1,182,104 $ 1,441,602 $ 622,515