General Fund - September 2021 (See attachment)

Revenue Variances (+/- 10% of 75% target)

• Taxes will remain below budget targets until the 2nd half property tax settlement is received.
• Special assessments are currently showing a negative amount as a result of assessment rolls for delinquent storm, sewer and refuse being applied.  These amounts will be collect with future payments and/or tax settlements.
• Intergovernmental is exceeding budget targets as a result of federal funding from the American Rescue Plan Act.
• Licenses and permits are exceeding the budget amount as a result of building permit revenue received through September.

Expenditure Variances (+/- 10% of 75% target)

• Total expenditures are in line with the budget target of 75%.
• Planning and Development expenditures are currently exceeding the budget target as a result of the contract with Stantec for master planning/AUAR and the purchase of parklets(to 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 - September 2021 (See attachment)

Sand Venture

• Sand Venture revenues of $260k exceeded budgeted annual revenues of $185k.

Ice Arena

• Revenues are up in comparison to this time last year and at 66% of budgeted revenues.

Community Center

• Revenues are ahead of the previous year and currently at 61% of budgeted revenues.