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03-08-2021 Council Packet
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03-08-2021 Council Packet
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1/14/2022 10:40:34 AM
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Budget Update <br />Page 2 <br /> <br />Charges for Service is under budget at 98.04% compared to exceeding budget in 2019 at <br />108.27%. In 2020, police special service was halted due to COVID-19 social distancing <br />guidelines preventing private events from being held. Plan check and site exam fee revenues <br />similarly fell under budget. <br /> <br /> <br />General Fund Expenditures <br />At 98.86%, the overall expenditure amounts are on target for the year. Many of the departments <br />are below budget due to reduction and turnover in staffing. The Police department is $300,000 <br />under budget due to decrease in overtime worked along with no longer administering the <br />Towards Zero death Grant. <br /> <br />The biggest item that was over budget was Special Projects department, due to the purchase of <br />land for future projects. Central Services and Public Works department is slightly over budget in <br />order to keep the common areas clean and maintaining social distancing. These expenses were <br />offset with the CARES Act grant. Another department over budget is the Golf Course. The <br />overage is due to course maintenance and bank fees being higher than budgeted. On the revenue <br />side, course revenues have exceeded budget and offsets any overage in expenditures. <br /> <br /> <br />General Fund Summary <br />In summary, the overall General Fund budget looks good with revenue exceeding budget and <br />expenditure falling slightly under budget. The projected positive variance for the General Fund <br />is $224,000.
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