Submitted By: Bill Kauffman
Department: Budget
STAFF RECOMMENDATION (Motion Ready):
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Monthly Budget to Actual Report as of December 31, 2021 and Capital Improvement Project Status Report
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OCALA’S RELEVANT STRATEGIC GOALS:
Fiscally Sustainable
Monthly Budget to Actual Report as of December 31, 2021 and Capital Improvement Project Status Report
Budget to Actual Report for Month Ended December 31, 2021
In accordance with City Council direction, attached is a review of budget to actual performance for December 2021. As previously committed, staff will supply Council a monthly informational budget to actual report at the earliest opportunity after closing balances of the prior month.
Attached is a fund level summary of all revenues and expenses. For the General Fund, there is an additional summary report at the department level.
Typically, State revenues lag two months behind. Therefore, November and December revenues are not recorded yet for those particular revenues (i.e. Sales Tax, Municipal Revenue Sharing, etc.) Additionally, Ad Valorem revenues are 34.79% collected. Expenses are within budget, with the exception of some one-time expenditures which occur early in the fiscal year.
Capital Projects & Replacement Status Report
As discussed at Council’s Strategic retreat, a status report of Capital Projects has been included.