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Quarterly Budget Report - Budget to Actual Revenue Comparison
<br />FY 2017-2018 2nd Qtr
<br />001 -GENERAL FUND
<br />004 MUNICIPAL SERVICE FUND
<br />Quarterly
<br />Budget (50% of
<br />Percentage of
<br />Difference from
<br />Account Description
<br />BUDGET
<br />Total)
<br />YTD Revenues
<br />Annual Budget
<br />50%
<br />Comments/ Notes
<br />001031 Taxes
<br />$53,613,202
<br />$26,806,601
<br />$50,560,319
<br />94.3%
<br />$23,753,718
<br />The county budgets ad valorem taxes @ 95% collection.
<br />004031 Taxes
<br />$10,284,057
<br />$5,142,028
<br />$9,108,499
<br />88.6%
<br />$3,966,471
<br />Most are paid by November to receive the 4% discount
<br />001032 Permits & Fees
<br />$0
<br />$0
<br />$660
<br />N/A
<br />$660
<br />Developer/Extension Modification Fees
<br />001033 Intergovernmental
<br />$5,273,491
<br />$2,636,746
<br />$5,075,114
<br />96.2%
<br />$2,438,369
<br />Senior Resource Association received the 5307 grant that
<br />004032 Permits And Fees
<br />$8,776,100
<br />$4,388,050
<br />$4,182,601
<br />47.7%
<br />($205,449)
<br />was budgeted last fiscal year.
<br />001034 Charges For Services
<br />$1,044,216
<br />$522,108
<br />$328,794
<br />31.5%
<br />($193,314)
<br />Payment from Sheriff for School Resource Officers still
<br />004033 Intergovernmental
<br />$8,350,398
<br />$4,175,199
<br />$4,145,998
<br />49.7%
<br />($29,202)
<br />outstanding. Payment to be made in May
<br />001035 Judgments, Fines & Forfeits
<br />$192,366
<br />$96,183
<br />$77,874
<br />40.5%
<br />($18,309)
<br />One month lag time in receiving revenues.
<br />001036 Licenses
<br />$104,500
<br />$52,250
<br />$48,860
<br />46.8%
<br />($3,390)
<br />Revenues slightly below budget.
<br />001037 Interest
<br />$133,190
<br />$66,595
<br />$180,198
<br />135.3%
<br />$113,603
<br />Interest income exceeding projected revenue amounts.
<br />001038 Miscellaneous
<br />$4,658,644
<br />$2,329,322
<br />$2,883,674
<br />61.9%
<br />$554,352
<br />Sebastian Corners rent now being received. FPL Grant
<br />004038 Miscellaneous
<br />$5,890
<br />$2,945
<br />$13,900
<br />236.0%
<br />$10,955
<br />received that was budgeted last fiscal year.
<br />001039 Other Sources
<br />$24,013,496
<br />$12,006,748
<br />$9,030,240
<br />37.6%
<br />($2,976,508)
<br />Cash forward reserves budgeted, but not actual
<br />Grand Total
<br />$89,033,104
<br />$44,516,552
<br />$68,185,733
<br />76.6%
<br />$23,669,181
<br />Cash forward reserves budgeted, but not actual
<br />004 MUNICIPAL SERVICE FUND
<br />1j,
<br />Quarterly
<br />Budget (50% of
<br />Percentage of
<br />Difference from
<br />Account Description
<br />BUDGET
<br />Total)
<br />YTD Revenues
<br />Annual Budget
<br />50%
<br />Comments/ Notes
<br />The county budgets ad valorem taxes @ 95% collection.
<br />004031 Taxes
<br />$10,284,057
<br />$5,142,028
<br />$9,108,499
<br />88.6%
<br />$3,966,471
<br />Most are paid by November to receive 4% discount.
<br />MSTU includes communications tax and business tax
<br />which makes this percentage lower than other funds.
<br />004032 Permits And Fees
<br />$8,776,100
<br />$4,388,050
<br />$4,182,601
<br />47.7%
<br />($205,449)
<br />Lag time in receiving franchise fee payments- 5 months
<br />received in 2 quarters
<br />004033 Intergovernmental
<br />$8,350,398
<br />$4,175,199
<br />$4,145,998
<br />49.7%
<br />($29,202)
<br />Lag time in receiving 1/2 Cent Sales Tax- 5 months
<br />received in 2 quarters
<br />004034 Charges For Services
<br />$1,112,219
<br />$556,110
<br />$527,667
<br />47.4%
<br />($28,442)
<br />Pool and recreation revenues increase in summer
<br />004035 Judgments, Fines & Forfeits
<br />$137,750
<br />$68,875
<br />$68,661
<br />49.8%
<br />($214)
<br />004037 Interest
<br />$47,500
<br />$23,750
<br />$78,902
<br />166.1%
<br />$55,152
<br />Interest income exceeding projected revenue amounts.
<br />004038 Miscellaneous
<br />$5,890
<br />$2,945
<br />$13,900
<br />236.0%
<br />$10,955
<br />Positive variance reflects payments received for
<br />additional staff to cover events at the IG Facility.
<br />004039 Other Sources
<br />$3,639,568
<br />$1,819,784
<br />$0
<br />1 0.0%
<br />1 ($1,819,784)1
<br />Cash forward reserves budgeted, but not actual
<br />Grand Total
<br />$32,353,482
<br />$16,176,741
<br />$18,126,228
<br />1 56.0% 1
<br />$1,949,487
<br />1j,
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