General Fund - November 2021 (See attachment)

A notation is located on the right of the report that references a proposed budget amendment #.  Staff is asking for approval of the budget amendments with the consent agenda at this meeting.  The detail of these proposed budget amendments have been provided, however the budget amounts shown on the report do not currently reflect these budget adjustments.  The budget amendments include a reference to the City Council date of original approval. 

Revenue Variances (+/- 10% of 92% target)

• Taxes are currently below budget targets, the 2nd half property tax settlement was received in December.
• Special assessments show a negative amount as a result of delinquent storm, sewer and refuse amounts applied in September.
• 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 an influx in building permit revenue through November.

Expenditure Variances (+/- 10% of 92% target)

• Total expenditures remain in line with budget targets.  After entering the referenced budget amendments all divisions will be within budget targets.
• Unallocated is below the budget target as a result of unspent contingency funds.

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

Sand Venture

• Sand Venture revenues for the year of $263k exceeded the annual budget of $185k.
  
  

Ice Arena

• Revenues are ahead of last year and near budget targets.  Ice Arena revenues are currently exceeding expenditures.
  
  

Community Center

• Revenues are ahead of last year, but remain below budget targets.