General Fund - May 2021 (See attachment)

Revenue Variances (+/- 10% of 42% target)

• Taxes and special assessments will remain below the budget targets until the first half tax settlement is received on June 21.
• Intergovernmental is below budget targets, a significant portion will be received in fall.  Additionally, the City anticipates receiving federal funding from the American Rescue Plan in July.
• Licenses and permits are exceeding the budget amount as a result of building permit revenue received through May.

Expenditure Variances (+/- 10% of 42% target)

• Total expenditures remain lower than the budget target.
• Finance department expenditures are currently exceeding the budget target as a result of the timing of the annual assessment contract which was paid in May.  
• Street maintenance is currently below the budget target, the majority of departmental expenses occur during the summer months.
• Unallocated is below the budget target as a result of unspent contingency funds.

Community Center/Ice Arena/Sand Venture - May 2021 (See attachment)

Sand Venture

• Opening early June.
  
  

Ice Arena

• Revenues are up in comparison to this time last year and on pace in terms of budget targets.

Community Center

• Operations continue to be impacted by COVID-19.  Revenues are ahead of the previous year, but below budget targets.  We have seen month to month increases in revenues for each of the first five months of the year.