Interest Income

FY 2021-23 Proposed Policy Budget

This revenue category nets interest income from investments against the cost of advances made from the City’s General Purpose Fund to other funds.

Interest income is volatile, fluctuating along with short-term interest rate movements. Interest income is estimated at $0.5 million in both FY 2021-22 and FY 2022-23. The amount reflects the interest income projected to be received from pooled investments.