General Fund - July 2021 (See attachment)

Revenue Variances (+/- 10% of 58% target)

• Intergovernmental is exceeding budget targets as a result of federal Coronavirus Local Fiscal Recovery funding from the American Rescue Plan Act.
• Licenses and permits are exceeding the budget amount as a result of building permit revenue received through July.

Expenditure Variances (+/- 10% of 58% target)

• Total expenditures remain below budget target.
• Finance department expenditures are currently exceeding the budget target as a result of the timing of the annual assessment and audit contracts.  However, we anticipate ending the year within budget.
• Planning and Development expenditures are currently exceeding the budget target as a result of the purchase of parklets.  These parklets will be paid from American Rescue Plan Act Funds.
• Unallocated is below the budget target as a result of unspent contingency funds.

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

Sand Venture

• At the end of July, Sand Venture had already exceeded their annual budget expectations for revenues.

Ice Arena

• Revenues are up in comparison to this time last year and close in terms of budget targets.  Currently revenues are exceeding expenditures for the year.

Community Center

• Revenues are ahead of the previous year, but below budget targets primarily a result of COVID-19 impacts at the beginning of the year.