August General Fund Revenue Summary Fiscal Year 2021 Actuals from July 1, 2020 ‐ August 31, 2020 YTD Projected YTD Actual % of YTD Target % of FY21 Budget Major Revenue Streams FY21 Original Budget (through August 31) (through August 31) Attained Collected Real Estate Tax $ 78,353,270 $ 433,284 $ 352,435 81.34% 0.45% County Revenue Sharing $ 14,589,313 $ ‐ $ ‐ N/A 0.00% Meals Tax $ 14,295,064 $ 1,534,823 $ 1,502,346 97.88% 10.51% Sales Tax $ 11,504,331 $ 1,458,865 $ 1,673,552 114.72% 14.55% Personal Property Tax $ 9,800,000 $ 302,423 $ 161,373 53.36% 1.65% Business License $ 6,225,000 $ 147,052 $ 117,907 80.18% 1.89% Lodging Tax $ 6,282,721 $ 825,472 $ 513,171 62.17% 8.17% PILOT: Utilities $ 6,091,667 $ ‐ $ ‐ N/A 0.00% Utility Taxes $ 5,024,112 $ 837,352 $ 715,905 85.50% 14.25% Other Revenue $ 39,030,395 $ 11,782,935 $ 12,060,969 102.36% 30.90% Total $ 191,195,873 $ 17,322,205.76 $ 17,097,658.75 98.70% 8.94% "Big 9" Revenue (revenues exceeding $5 Million) comprise 80% of total City Revenue "Other Revenue" will be irregular due to one‐time and quarterly payments, as well as end‐of ‐year accruals All revenues are compared to a detailed year to date revenue projection August Revenue Summary ‐ FY21 $‐ $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 Real Estate Tax County Revenue Sharing Meals Tax Sales Tax Personal Property Tax Business License Lodging Tax PILOT: Utilities Utility Taxes Other Revenue YTD Projected (through August 31) YTD Actual (through August 31) August General Fund Expenditure Summary Fiscal Year 2020‐21 Actuals through August 31st ‐ Period 2 of 12 or 16.6% of fiscal year. FY21 YTD Actual and FY21 Remaining Available Encumbrances (through Annual Budget (through % of FY21 Budget Major Expenditure Categories FY21 Original Budget FY21 Current Budget August 31st) August 31st) Utilized Contribution to City Schools $ 58,709,623 $ 58,709,623 $ 9,639,104 $ 49,070,519 16.42% Police Department $ 18,017,555 $ 18,254,682 $ 3,285,500 $ 14,969,182 18.00% Outside and Nonprofit Agencies $ 16,798,273 $ 17,048,273 $ 2,913,980 $ 14,134,293 17.09% Fire Department $ 12,539,795 $ 12,724,350 $ 2,132,049 $ 10,592,301 16.76% Public Works $ 12,531,690 $ 12,723,304 $ 2,236,348 $ 10,486,956 17.58% Parks and Recreation $ 11,535,820 $ 11,738,004 $ 1,991,881 $ 9,746,124 16.97% Debt Service $ 11,013,359 $ 11,013,359 $ ‐ $ 11,013,359 0.00% Interfund Transfers $ 10,638,085 $ 10,632,622 $ ‐ $ 10,632,622 0.00% Citywide Reserve $ 250,000 $ 1,238,730 $ 176,184 $ 1,062,546 14.22% Citywide Reserve ‐ COVID Economic Downturn $ 6,674,971 $ 6,674,971 $ ‐ $ 6,674,971 0.00% Tax and Rent Relief Programs $ 1,895,000 $ 1,895,000 $ 8,093 $ 1,886,907 0.43% Internal and Financial Services $ 9,458,988 $ 9,495,351 $ 1,577,659 $ 7,917,693 16.62% School Contractual Services ‐ Pupil Transportation/Building Maintenance $ 6,788,910 $ 6,800,332 $ 1,228,685 $ 5,571,647 18.07% Management $ 5,493,231 $ 6,137,457 $ 836,875 $ 5,300,582 13.64% Public Safety and Justice $ 3,705,176 $ 4,138,742 $ 797,885 $ 3,340,857 19.28% Healthy Families and Community $ 2,650,095 $ 2,847,644 $ 536,539 $ 2,311,105 18.84% Non Departmental Activities $ 2,495,302 $ 2,673,058 $ 18,060 $ 2,654,998 0.68% Total $ 191,195,873.00 $ 194,745,501.78 $ 27,378,840.95 $ 167,366,660.83 14.06% Notes: Current Budget includes the Original FY21 Adopted Budget as well as FY20 preliminary carryovers. August Expenditure Summary ‐ FY21 Contri bution to Ci ty Schools Poli ce Department Outsi de and Nonprofi t Agencies Fire Departmen t Publ ic Works Parks and Recreation Debt Servi ce In ter fund Transfers Citywi de Reserve Citywi de Reserve ‐ C OVID Economic Dow nturn Tax and Rent R el ief Programs In ter nal and Fin ancial Services School Contractual Services ‐ Pupi l Trans portati on/Bu ildi ng Maintenance Management Publ ic Safety and Justi ce Heal thy Famil ies and Community Non Departmental Activities $‐ $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 FY21 Current B udget FY21 YTD Actual and Encumb ran ces (thro ugh August 31st) August General Fund Expenditure Summary Narrative Outside and Nonprofit Agencies includes payments to all Vibrant Community fund Agencies, Arts and Culture Agencies, Contractual Agencies including JAUNT and JMRL, and all Organizational Memberships and Agency dues. Interfund Transfers contains all General Fund transfers to other funds including transfer to Transit, Transfer to Social Services and Human Services, Transfer to Capital Improvement Program, Transfer to Facilities Repair Fund, and Transfer to CSA. Internal and Financial Services includes the General Fund portions of Finance and Information Technology, and the Office of the City Treasurer, Commissioner of Revenue's Office, and Human Resources. School Operations includes the City/Schools contracted services of School Building and Energy Maintenance, and Pupil Transportation. Management includes City Council, Council Strategic Initiatives, City Manager's Office, Redevelopment and Housing, Economic Development, Communications, City Attorney, and the Office of the General Registrar. Public Safety and Justice includes the operations for Circuit Court, General District Court, Juvenile and Domestic Relations Court, Commonwealth Attorney, and City Sheriff. Healthy Families and Community includes Neighborhood Development Services and Office of Human Rights. Non Departmental Activities include Citizen Engagement, Police Civilian Review Board, Participatory Budgeting, Strategic Planning, Employee Compensation and Training, and grant matches for the Food Equity Program and Virginia Juvenile Community Crime Control Act. Utility Fund Revenue and Expenditure Summary Fiscal Year 2020‐21 Actuals through August 31st ‐ Period 2 of 12 or 16.6% of fiscal year. FY21 YTD Actual and FY21 Remaining Available FY21 Original FY21 Current Encumbrances Annual Budget (through % of FY21 Gas Fund Budget Budget (through August 31st) August 31st) Budget Utilized Gas Fund Revenue $ 27,081,999 $ 27,081,999 $ 1,787,442 $ 25,294,557 6.60% Gas Fund Expenditures $ 27,873,698 $ 29,167,115 $ 4,717,539 $ 23,156,159 16.92% FY21 YTD Actual and FY21 Remaining Available FY21 Original FY21 Current Encumbrances Annual Budget (through % of FY21 Water Fund Budget Budget (through August 31st) August 31st) Budget Utilized Water Fund Revenue $ 18,279,490 $ 18,279,490 $ 2,496,598 $ 15,782,892 13.66% Water Fund Expenditures $ 17,272,327 $ 18,150,914 $ 3,940,500 $ 13,331,827 22.81% FY21 YTD Actual and FY21 Remaining Available FY21 Original FY21 Current Encumbrances Annual Budget (through % of FY21 Wastewater Fund Budget Budget (through August 31st) August 31st) Budget Utilized Wastewater Fund Revenue $ 17,451,758 $ 17,451,758 $ 2,474,125 $ 14,977,633 14.18% Wastewater Fund Expenditures $ 17,203,764 $ 17,864,578 $ 3,143,107 $ 14,060,657 18.27% FY21 YTD Actual and FY21 Remaining Available FY21 Original FY21 Current Encumbrances Annual Budget (through % of FY21 Stormwater Fund Budget Budget (through August 31st) August 31st) Budget Utilized Stormwater Fund Revenue $ 2,894,572 $ 2,894,572 $ 14,780 $ 2,879,792 0.51% Stormwater Fund Expenditures $ 2,794,572 $ 2,834,286 $ 1,229,647 $ 1,564,925 44.00% Notes: Current Budget includes the Original FY21 Adopted Budget as well as FY20 preliminary carryovers July Gas Utility Summary ‐ FY21 Gas Fund Revenue Gas Fund Expenditures $‐ $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 $35,000,000 FY21 Current Budget FY21 YTD Actual and Encumbrances (through August 31st) July Water Utility Summary ‐ FY21 Water Fund Revenue Water Fund Expenditures $‐ $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 $18,000,000 $20,000,000 FY21 Current Budget FY21 YTD Actual and Encumbrances (through August 31st) July Wastewater Utility Summary ‐ FY21 Wastewater Fund Revenue Wastewater Fund Expenditures $‐ $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 $18,000,000 $20,000,000 FY21 Current Budget FY21 YTD Actual and Encumbrances (through August 31st) July Stormwater Utility Summary ‐ FY21 Stormwater Fund Revenue Stormwater Fund Expenditures $‐ $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 FY21 Current Budget FY21 YTD Actual and Encumbrances (through August 31st)