General Fund - October 2023 (see attachment)

Revenue variances (83% target)

• Taxes will remain below the budget target until the 2nd half settlement is received in December.
• Licenses and Permits have exceeded the full year budget targets and are currently ahead of last year's revenue, primarily as a result of building permit revenue.
• Charges for Services are ahead of budget targets, as we have seen an increase in recreational revenues.
• Fines and Forfeit revenues have exceeded the budget amount. The City received a class action settlement payment of $17k from Monsanto for their role in impairments to the environment, including water bodies.
• Miscellaneous is currently exceeding the full year budget target, primarily as a result of an increase in investment earnings.

Expenditure variances (83% target)

• In total, expenditures are at 80 percent, which is in line with the budget expectations through October.  No departments at this point of the year are exceeding budget targets greater than ten percent.

Community Center/Ice Arena/SandVenture - October 2023 (see attachment)

SandVenture

• Revenues for the year total $294k, which is up from the previous year and have exceeded the full year budget expectation of $192k.

Ice Arena

• Revenues for the year are at 79 percent of budget and ahead of last year through October by $172k.

Community Center

• Revenues are up from the previous year by $182k and are currently at 96 percent of budgeted annual revenues.