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HomeMy WebLinkAboutORD 2022-03 - Year End Budget FY 2021ORDINANCE NO. ZQZ.Z-03 AN ORDINANCE OF THE CITY OF GEORGETOWN, TEXAS, AMENDING THE 2021 ANNUAL BUDGET FOR YEAR-END OBLIGATIONS THAT WERE NOT KNOWN AT THE TIME THE BUDGET WAS ADOPTED, APPROPRIATING THE VARIOUS AMOUNTS THEREOF, AND REPEALING ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT THEREWITH. WHEREAS, the City has available revenues and ending Fund Balances in the General, General Capital Project, Council Discretionary, Court Security, Court Child Safety, Court Technology, Police Seizure, American Rescue Plan, Downtown TIRZ, Rivery TIRZ, Fleet, Joint Services, IT, Self Insurance and Electric funds for Fiscal Year 2021; and WHEREAS, the City is aware of obligations not currently appropriated in the fiscal year 2021 Budget in these funds; and WHEREAS, the changes were unknown and unforeseeable at the time the fiscal year 2021 budget was approved; and WHEREAS, the City Charterand State law allows for changes in the Annual Operating Plan by a Council majority plus one in emergency situations and for municipal purposes; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, THAT: SECTION 1 The facts and recitations contained in the preamble of this ordinance are hereby found and declared to be true and correct, and are incorporated by reference herein and expressly made a part hereof, as if copied verbatim. SECTION 2. The amendment to the 2021 Annual Budget of the revenues of the City of Georgetown and expenses of conducting the affairs thereof, is in all things adopted and approved as an addition to the previously approved budget of the current revenues and expenses as well as fixed charges against said City for the fiscal year beginning October 1, 2020 and ending September 30, 2021. A copy of the amendment is attached hereto as Exhibit "A" incorporated by reference herein. SECTION 3. The total of $34,807,232 is hereby released from appropriation for payments of expenditures and payments of the funds and included in the Exhibit "A". SECTION 4 All ordinances and resolutions, or parts of ordinances and resolutions, in conflict with this Ordinance are hereby repealed, and are no longer of any force and effect. This ordinance complies with the vision statement of the Georgetown 2030 Plan. SECTION 5. If any provision of this ordinance or application thereof to any person or circumstance, shall be held invalid, such invalidity shall not affect the other provisions, or application thereof, of this ordinance which can be given effect without the invalid provision or application, and to this end the provisions of this ordinance are hereby declared to be severable. SECTION 6. The Mayor is hereby authorized to sign this ordinance and the City Secretary to attest. This ordinance shall become effective upon adoption of its second and final reading by the City Council of the City of Georgetown, Texas. PASSED AND APPROVED on First Reading on the 14th day of December, 2021. PASSED AND APPROVED on Second Reading on the 11th day of January, 2022. ATTEST: THE 1 OF GEORGETOWN: r Robyn nsmore Hy:;,^ City Secretary Mayor 1P.W APPROVED AS TO FORM: Skye asson. City Attorney ■ PY202I Year -End Budget Amendment FY2021: YEAR-END BUDGET AMENDMEN Each year, the City amends the budget for multi -year capital projects, as well as operational changes that were unknown at the time the budget was adopted. A year-end amendment is sometimes required to formally adopt known overages presented to the Council in the year-end projections workshop during the summer, or other clean up items required by the Charter. Staff is proposing to amend the budget to account for the unforeseen revenues and costs since the mid -year amendment in May. The largest changes in the year-end amendment are establishing a fund for the American Rescue Plan grant, transferring FY2020 year-end General Fund available savings to the Council Special Revenue Fund, recognizing the first debt tranche of the passed 2021 Mobility Bond program, and recognizing changes in the Self -Insurance Fund as a result of the various impacts of COVID-19 on healthcare behavior. GENERAL FUND: Current budget for General Fund expensestotals $82,985,180. Staff is proposing to amend expenses to transfer out $2,316,994 of FY2020 available savings in fund balance out to the Council Special Revenue Fund to be held for one- time expenses approved by the Council. Per Council direction at the Dec 1411 Workshop, the remainder of FY2020 available fund balance will be reserved in the Economic Stability Reserve. To fully fund the reserve at 6% of operating expenditures, $2,383,006 will be added to the reserve. CC0001 Non -Departmental.. Staff is proposing to amend the Non -Departmental budget by $2,316,994 million. Amendment Name Transfer to Council SRF Amount: $2,316,994 Reason: FY 2020 experienced significant one-time savings in expenses due to a conservative approach during the first year of the COVID-19 pandemic. Sales tax revenues and departmental expenses both performed better than conservatively projected. This resulted in $4.7M of available fund balance in the General Fund. $2,316,994 of this will be transferred to the Council Special Revenue Fund to be held for appropriate one- time expenses approved by the Council. While this amendment results in a draw down of available fund balance in the General Fund, holding the funds in the Council SRF is similar to holding the funds in reserve. Either way, they may only be appropriated for one-time expenses such as pilot programs, capital equipment, or to increase reserves. GENERAL CAPITAL PROJECT FUND: Current budget for the General Capital Projects Fund revenuestotal $24,068,228. Current budget for the General Capital Project Fund expensestotals $59,343,065. Amendment Name First Tranche of 2021 Mobility Bond Amount: $28,280,000 Reason: The 2021 mobility bond program passed its election in May 2021. This amendment recognizes $28 million in bond proceed revenue and appropriates $28 million in project expenses for engineering and construction. The majority of these funds will roll forward into the FY2022 CIP Budget Amendment. This amendment also includes expense increases of $280,000 for bond issuance costs. Amendment Name Transfer in Revenue for Downtown TIRZ projects Amount.• $55, 760 Reason: To better align with City capitalization and accounting practices, staff is proposing to transfer funds from the Downtown TIRZ to General Capital Projects for the Downtown Festival/Green Space project. Expenses are already appropriated. GEORG r P. FY2021 Year -End Budge, Arnerl ;rn- Amendment Name. Increased Expenses for Georgetown Municipal Complex Remodel Amount.- $45,114 Reason: The existing GMC remodel project incurred additional expenses for IT equipment and for offices added for the Electric Department. This amendment recognizes transfers in from the IT Fund for $18,800 and from the Electric Fund for $26,314, and appropriates the matching expenses for the project. SPECIAL REVENUE FUNDS COUNCIL DISCRETIONARY FUND: Amendment Name: Transfer from General Fund Amount.- $ 2, 316, 994 Reason: FY 2020 experienced significant one-time savings in expenses due to a conservative approach during the first year of the COVID-19 pandemic. Sales tax revenues and departmental expenses both performed better than conservatively projected. $2,316,994 will be transferred to the Council Special Revenue Fund to be held for appropriate one-time expenses approved by the Council. COURT SECURITY FUND: Amendment Name. Recognizing Collections Contract Revenues and Expenses Amount.- $17, 618 Reason: It is difficult to estimate the costs of the collections contract each year. This item is self -balancing, as revenues from collections offset the costs that are over projection. COURT CHILD SAFETY FUND: Amendment Name. Recognize Revenue and Expense for Seat Belt Fines Amount.- $88 Reason: This amendment recognizes the revenues and expenses that are difficult to estimate for seat belt fines owed collected by the city and owed to the State of Texas. COURT TECHNOLOGY FUND: Amendment Name. Increase in Expense in Computer Equipment Amount.• $228 Reason: This budget amendment recognizes increased expenses of $228 for replacement docking stations and web cameras for the Court staff to improve holding virtual court dockets. POLICE SEIZURES & FORFEITURES: Amendment Name. Increase in Transfer to Police Seizures — State Fund Amount.- $549 Reason: This budget amendment recognizes an increased transfer from Police Seizures & Forfeitures to Police Forfeitures —State for increased transparency in the tracking and reporting of these funds. !■I` PY2023 Year-I-nd Bud et Amendment AMERICAN RESCUE PLAN FUND: Amendment Name. Recognize American Rescue Plan Grant Revenue and Eligible Expenses Amount.• $87, 774 Reason: The City applied for and received the American Rescue Plan federal grant to respond to the COVID- 19 pandemic. This amendment recognizes receipt of grant revenue of the first of two tranches for $4,014,753. The City plans to apply for the second tranche of $4 million when it is available in summer of 2022. The amendment also recognizes grant -eligible COVID related expenses in FY2021 totaling $87,774 for testing supplies, cleaning services, and signage and equipment related to responding to the COVID pandemic. The Council and staff are in the process of further evaluating grant projects related to Revenue Loss/Municipal Purposes and Water Infrastructure Resiliency. These funds may be appropriated in an FY2022 Budget Amendment. DOWNTOWN TIRZ Fu Amendment Name: Transfer of Project Expense Amount: $55,760 Reason: To better align with City capitalization and accounting practices, staff is proposing to transfer funds from the Downtown TIRZ to General Capital Projects for the Downtown Festival/Green Space project. RIVERY TIRZ: Amendment Name. Increase Transfer for Debt Service Costs Amount.• $816 Reason: This additional expense is for administrative costs related to debt issuance that were not previously budgeted for in this fund. INTERNAL SERVICE FUNDS FLEET SERVICES FUND: Current budget for the Fleet Maintenance Fund revenuestotal $8,339,326. Current budget for the Fleet Maintenance Fund expensestotals $9,321,391. Amendment Name Increased Trailer Costs Amount.• $63,382 Reason: Staff is proposing a budget amendment to recognize an increased transfer in from the Electric Fund for trailer costs that were higher than previously budgeted. JOINT SERVICES FUND: Current budget for the Joint Service Fund revenuestotal $18,174,916. CCO654 Legal. - Amendment Name. Increase to Reimbursable Legal Fee Revenue Amount.• $51, 350 Itl IR4H G E RG ETD TEXAS Reason: To help offset the increased expense for outside legal services, this budget amendment recognizes an additional revenue of $51,350 in reimbursable legal fees. Current budget for the Joint Services Fund expenses totals $18,698,974. Staff is proposing budget amendments to recognize additional appropriation needed for legal services, as well as unanticipated executive recruitment costs. CCO654 Legal. - Amendment Name. Increase to Legal Expenses Amount.- $65, 242 Reason: This budget amendment appropriates an additional $65,242 for outside legal servies, as well as litigation and special projects. CCO640 Citywide HR: Amendment Name. Executive Recruitment Costs Amount: $30,000 Reason: This budget amendment is to appropriate the costs for the executive recruitment contract for the Assistant City Manager position vacated in FY2021. INFORMATION TECHNOLOGY FUND: Current budget for the IT Fund expensestotals $10,154,069. Amendment Name. GMC Technology Expense Amount.- $0 Reason: To better align with City capitalization and accounting practices, this budget amendment recognizes a $18,800 decrease to the computer hardware expense appropriated for GMC technology costs, and instead recognizes a matching transfer out to General Capital Projects where the full remodel project budget is expensed. SELF INSURANCE FUND: Current budget for the Self Insurance Fund revenuestotals $9,095,000. Current budget for the Self Insurance Fund expensestotals $9,510,710. Amendment Name. Medical Claims Revenue and Expense Amount: $1, 841, 291 Reason: This budget amendment recognizes an additional revenue and expense of $1.8 million. As a result of the pandemic, members put off medical care, which led to more acute illness and higher than budgeted claims. Increased medical and prescription claim expenses are offset by stop loss proceeds, as well as PPO contributions. ' ■ \ Year•End budge[ Amendment ENTERPRISE FUNDS ELECTRIC SERVICES FUND: Current budget for the Electric Fund revenues total $141,324,520. Current budget for the Electric Fund expensestotals $143,267,591. Amendment Name. Recognize Additional Contributions in Aid of Construction and Renewable Energy Credits Amount.- $10,408,329 Reason: The City continued to experience record growth in development in 2021. This amendment recognizes additional Developer Contributions of $6.3 million. The value of Renewable Energy Credits continued to improve throughout the year and the City was able to take advantage of prices. This amendment recognizes $4.1 million additional REC sale proceeds. These increases in revenue aid in offsetting expenses, which in turn improves the Electric Fund bottom line reserve position. Amendment Name. Increased Expenses for Georgetown Municipal Complex Remodel Amount.• $26,314 Reason: The Georgetown Municipal Complex is undergoing a remodel project to better accommodate the reorganization and growth of departments at the City. The Electric Department requested additional offices in the remodel and this amendment transfers those funds to General Capital Projects to reimburse the main project. Amendment Name. Increased Trailer Costs Amount.- $63,382 Reason: The bids for the two trailers in the FY2021 budget came in higher than budgeted. This amendment transfers the funds to Fleet to reimburse the total cost of the trailers. Available bond proceeds are used to cover the cost. Amendment Name. New Development Capital Projects Amount., $1, 912, 680 Reason: As growth in New Development capital projects exceeded projections during FY2021, this amendment recognizes a $1.9 million increase to CIP expenses in the Electric Fund. FY2021 Current Budge[ Amendment Budget SeelnnlnR Fund Balance 1 21,196,610 21,196,610 40001:PropertyTaxes 15,976,505 - 15,976,505 40002:SalesTaxes 18,576,250 - 18,576,250 40005:Franchise Taxes 6,255,270 6,255,270 40008:OtherTaxes 400,000 - 400,000 41001:Fines 328,392 - 328,392 41002:Penalties 60,000 - 60,000 42001:InterestIncome 75,000 - 75,000 43001: Fees 7,028,184 7,028,184 43002:Garbage Charges 10,151,764 - 10,151,764 43003:Permits 4,317,750 - 4,317,750 43004:Administrative Charges 3,396,447 - 3,396,447 43005:RentalRevenue 148,140 - 148,140 44001:Grant Revenue 679,884 679,884 44502:Developer Contributions 423,112 - 423,112 44S03:lnterlocal Agreement Revenue 5,091,091 5,091,091 45001:Misc Revenue 871,955 871,955 70001:Transfers In 995,302 995,302 70002:Transfers In - RO1 8,431.375 8,431,375 Revenue Total 83,206,421 83,206,421 C00001 Non -Departmental 1,654,691 2,316,994 3,971,685 CC0107 Planning 1,978,054 - 1,978,054 CCO202 Parks Administration 662,887 662,887 CCO210 Library 2,837,904 - 2,837,904 CCO211 Parks 2,727,414 2,727,414 CCO212 Recreation 2,899,381 2,899,381 CCO213 Tennis Center 442,917 442,917 CCO214 Recreation Programs 1,251,370 1,251,370 CCO215 Garey Park 982,022 982,022 CCO218 Arts and Culture 57,857 57,857 CC0316 Municipal Court 585,123 585,123 CC0402 Fire Support Services/Administration 4,348,592 - 4,348,592 CC0422 Fire Emergency Services 15,953,391 - 15,953,391 CC0448 EMS 2,580,541 2,580,541 CC0533 Environmental Services 9,662,924 - 9,662,924 CC0536 Inspection Services 1,547,913 - 1,547,913 CC0602 Administrative Services 1,893,936 1,893,936 000605 Community Services 353,889 353,889 CC0634 City Council Services 185,734 - 185,734 CC0635 City Secretary Services 1,009,772 - 1,009,772 CC0638 General Government Contracts 4,774,808 4,774,808 CC0655 Communications/Public Engagement 844,604 844,604 CC0702 Police Administration 2,567,848 - 2,567,848 CC0742 Police Operations 14,669,105 14,669,105 CC0744 Animal Services 1,106,702 1,106,702 CC0745 Code Compliance 562,740 562,740 CC0802 Public Works 1,705,914 1,705,914 CC0846 Streets I 3,137,149 3.137.149 Expense Total 82,995,180 2,316,994 85,302,174 Ending Fund Balance 21,417,890 (2,316,994) 19,100 5656 Benefit Payout Reserve 340,000 340,000 Contingency Reserve 12,626,752 12,626,752 Economic Stability Reserve 1,467,563 2,3R3,D06 3,850,569 Reserves Total 14,434,315 2,383,006 16,817,321 Available Fund Balance 6,983,535 (4,700,000) 2,283,535 Capital Project FY2021 Current Budget Amendment Budget Beginning Fund Balance 38,336,098 38,336,098 42001:lnterest Income 43001:Fees 46001:13ond Proceeds 70001:Transfers In Revenue Total CC0001 Non -Departmental CCO211 Parks CC0302 Finance Administration CC0319 Facilities CC0402 Fire Support Services/Administration CCO526 Systems Engineering CC0533 Environmental Services CC0602 Administrative Services CC0702 Police Administration CCO802 Public Works CC0846 Streets Expense Total 280,000 280,000 115,000 - 115,000 23,573,278 28,000,000 51,573,278 99,950 100,874 200,824 24,068,228 28,100,874 52,169,102 41213,944 280,000 4,493,944 3,423,426 3,423,426 769,466 769,466 5,400,000 5,400,000 1,355,000 1,355,000 5,754,588 28,000,000 33,754,588 10,339,556 10,339,556 2,864,930 45,114 2,910,044 62,588 - 62,588 16,478,188 16,478,188 8,681,378 - 8,681,378 59,343,065 28,325,114 87,668,179 Ending Fund Balance 1 3,061,261 (224,2401 2,837,021 Reserves Total Available Fund Balance 1 3,061,261 (224,240) 2,837,021 Council Discretionary FY2021 Current Budget Amendment Budget Beginning Fund Balance 110,483 110,483 42001:lnterest Income 500 - 500 70001:Transfers In - 2,316,994 2,316,994 Revenue Total 500 2,316,994 2,317,494 Transfers 110,983 - 110,983 Expense Total 110,983 - 110,983 Ending Fund Balance - 2,316,994 2,316,994 Reserves Total Available Fund Balance L- 2,316,994 2,316,994 FY2021 Current Budget Amendment Budget Beginning Fund Balance 19,307 19,307 Revenue 41001:Fines 10,500 10,500 42001:lnterest Income 25 - 25 45001:Misc Revenue 10,000 17,618 27,618 Revenue Total 20,525 17,618 38,143 Operations 11,000 17,618 28,618 Expense Total 11,000 17,618 28,618 Ending Fund Balance 28,832 - 28,832 Reserves Total Available Fund Balance 1 28,832 - 28,832 FY2021 Current Budget Amendment Budget Beginning Fund Balance 6,661 6,661 41001:Fines - 88 88 Revenue Total - 88 88 Operations - 88 88 Expense Total - 88 88 Ending Fund Balance 6,661 - 6,661 Reserves Total Available Fund Balance 1 6,661 - 6,661 Court Technology FY2021 Current Budget Amendment Budget Beginning Fund Balance 42,404 42,404 41001:Fines 9,000 - 9,000 42001:lnterest Income 100 - 100 Revenue Total 9,100 - 9,100 Operations 2,000 228 2,228 Expense Total 2,000 228 2,228 Ending Fund Balance 49,504 (228) 49,276 Reserves Total Available Fund Balance 1 49,504 (228) 49,276 Police Seizures & Forfeitures FY2021 Current Budget Amendment Budget Beginning Fund Balance 1 78,707 78,707 Operations Operating Capital Transfers Expense Total 20,468 - 20,468 5,177 - 5,177 50,000 549 50,549 75,645 549 76,194 Ending Fund Balance 3,062 (549) 2,513 Reserves Total Available Fund Balance 1 3,062 (549) 2,513 FY2021 Current Budget Amendment Budget Beginning Fund Balance I- 44001:Grant Revenue Revenue Total 4,014.753 4,014,753 4,014,753 4,014,753 Operations 84,307 84,307 Operating Capital 3,467 3,467 Expense Total - 87,774 87,774 Ending Fund Balance - 3,926,979 3,926,979 Reserves Total Available Fund Balance - 3,926,979 3,926,979 FY2021 Current Budget Amendment Budget Beginning Fund Balance 1 754,162 754,162 40001:Property Taxes 42001:lnterest Income Revenue Total 345,580 1,000 345,580 11000 346,580 - 346,580 Operations 215,760 215,760 Operating Capital 365,000 365,000 CIP Expense (24,950) - (24,950) Transfers 199,950 55,760 255,710 Expense Total 755,760 55,760 811,520 Ending Fund Balance 344,982 (55,760) 289,222 Reserves Total Available Fund Balance 344,982 (55,760) 289,222 FY2021 Amended Current Budget Amendment Budget Beginning Fund Balance 433,375 433,375 40001:Property Taxes 42001:lnterest Income 45001:Misc Revenue Revenue Total 441,315 441,315 375 375 353,052 353,052 794,742 794,742 Operations 15,000 - 15,000 Transfers 613,368 816 614,184 Expense Total 628,368 816 629,184 Ending Fund Balance 599,749 (816) 598,933 iReserves Reserves Total Available Fund Balance 599,749 (816) 598,933 FY2021 Current Budget Amendment Budget Beginning Fund Balance 5,382,062 5,382,062 Revenue 42001:lnterest Income 43004:Administrative Charges 45002:lnsurance Proceeds 70001:Transfers In 25,000 3,290,358 128,602 - 4,955,366 63,382 25,000 3,290,358 128,602 5,018,748 Revenue Total 8,399,326 63,382 8,462,708 Expense Personnel 851,903 851,903 Operations 1,796,993 - 1,796,993 Operating Capital 3,027,995 63,382 3,091,377 CIP Expense 3,644,500 - 3,644,500 Expense Total 9,321,391 63,382 9,384,773 Ending Fund Balance 4,459,997 4,459,997 Contingency Reserve Non -Operating Reserve Reserves Total 519,976 519,976 1,864,191 1,864,191 2,384,167 - 2,384,167 Available Fund Balance 1 2,075,830 - 2,075,830 FY2021 Current Budget Amendment Budget Beginning Fund Balance 2,157,365 2,157,365 Revenue 42001:lnterest Income 43001:Fees 43004:Administrative Charges 45003:Misc Reimbursements 6,250 - 173,600 - 17,912,066 - 83,000 51,350 6,250 173,600 17,912,066 134,350 Revenue Total 18,174,916 51,350 18,226,266 CC0001 Non -Departmental 965,999 965,999 CC0302 Finance Administration 1,222,909 1,222,909 CC0315 Accounting 1,302,383 1,302,383 CC0317 Purchasing 996,521 996,521 CC0321 Customer Care 5,955,711 5,955,711 CCO503 Organizational and Operational Excellence 342,009 - 342,009 CCO526 Systems Engineering 2,757,957 - 2,757,957 CCO534 Conservation 779,365 - 779,365 CC0637 Economic Development 593,007 - 593,007 CC0639 Human Resources 1,507,953 - 1,507,953 CC0640 Citywide Human Resources 1,219,444 30,000 1,249,444 CC0654 Legal 1,055,716 65,242 1,120,958 Expense Total 18,698,974 95,242 18,794,216 Ending Fund Balance 1 1,633,307 (43,892) 1,589,415 Contingency Reserve Reserves Total 1,633,307 (43,892) 1,589,415 1,633,307 (43,892) 1,589,415 Available Fund Balance 1 (0) - (0) Information Technology Fund FY2021 Current Budget Amendment Budget Beginning Fund Balance 1,981,748 1,981,748 42001:lnterest Income 8,000 8,000 43004:Administrative Charges 9,614,591 9,614,591 70001:Transfers In 96,000 96,000 Revenue Total 9,718,591 - 9,718,591 Expense CC0001 Non -Departmental - 18,800 18,800 CC0648 IT Fiber 365,910 - 365,910 CC0649 IT Applications 1,350,327 1,350,327 CC0650 IT Public Safety 432,973 432,973 CC0651 IT Infrastructure 2,277,864 (18,800) 2,259,064 CC0652 IT Management 5,726,996 5,726,996 Expense Total 10,154,069 - 10,154,069 Ending Fund Balance 1 1,546,270 - 1,546,270 Contingency Reserve Reserve for Capital Reserves Total 1,053,449 1,053,449 335,263 335,263 1,388,712 - 1,388,712 Available Fund Balance 1 157,558 - 157,559 ,Self Insurance Fund FY2021 Amended Current Budget Amendment Budget Beginning Fund Balance 4,395,560 4,395,560 42001:lnterest Income 44501:Contribution Revenue 45002:lnsurance Proceeds Revenue Total 20,000 - 20,000 8,675,000 435,191 9,110,191 400,000 1,406,100 1,806,100 9,095,000 1,841,291 10,936,291 Operations 9,510,710 1,841,291 11,352,001 Expense Total 9,510,710 1,841,291 11,352,001 Ending Fund Balance 3,979,850 - 3,979,850 I BN R I 675,000 675,000 Rate Stabilization 1,575,000 1,575,000 11 Reserves Total 2,250,000 - 2,250,000 Available Fund Balance 1,729,850 - 1,729,850 FY2021 Current Budget Amendment Budget Beginning Fund Balance 28,133,710 28,133,710 40002:Sales Taxes 5,000 - 5,000 40005:Franchise Taxes 115,732 115,732 41002:Penalties 553,724 - 553,724 42001:lnterest Income 5,000 - 5,000 43001:Fees 685,000 685,000 43004:Administrative Charges 3,222,103 - 3,222,103 43601:Electric Charges 78,982,278 78,982,278 44502:Developer Contributions 1,500,000 6,291,481 7,791,481 45001:Misc Revenue 35,000 - 35,000 45004:Sale of Property 10,000 4,116,848 4,126,848 46001:13ond Proceeds 54,648,625 - 54,648,625 70001:Transfers In 1,562,058 - 1,562,058 Revenue Total 141,324,520 10,408,329 151,732,849 CC0001 Non -Departmental 9,882,180 89,696 9,971,876 CC0521 Electric Technical Services 727,388 - 727,388 CC0522 Electric Administration 8,738,792 - 8,738,792 CC0524 Metering Services 2,022,094 - 2,022,094 CC0525 T&D Services 3,122,421 - 3,122,421 CC0537 Electric Resource Management 108,334,393 - 108,334,393 CC0555 Electric Systems Operations 1,610,228 - 1,610,228 CC0557 Electrical Engineering 8,830,095 1,912,680 10,742,775 Expense Total 143,267,591 2,002,376 145,269,967 Ending Fund Balance 26,190,639 8,405,953 347596,592 Operating Contingency Reserve 4,018,754 4,018,754 Rate Stabilization Reserve 18,600,000 18,600,000 Non -Operating Reserve 10,594,999 (7,108,096) 3,486,903 Reserve for Bond Proceeds 4,448,314 4,448,314 Reserves Total 191062,067 11,491,904 30,553,971 Available Fund Balance 1 7,128,572 (3,085,951) 4,042,621