Special Revenue Funds

Special Revenue Funds are established to account for revenues that are legally restricted by statute or City Council action for a specific purpose. The City operates and budgets for five Special Revenue Funds.

Click on the links above for more detailed information about each fund.

Revenues and Other Sources

Revenues and other sources for all Special Revenue Funds total $22,561,895. This amount includes an available estimated beginning fund balance of $10,180,651. This is an increase of $4,809,797, or 27.1% from the fiscal year 2022 adopted budget of $17,752,098.

Revenues and Other Sources by Type

Charges for Services make up the majority of revenues for Special Revenue Funds and are proposed to total $11,046,957, or 49.0% of all revenues and sources. The estimated beginning fund balance is proposed to total $10,180,651, or 45.1% of the total revenues and sources of funding.

It is important to note that amended, adopted, and proposed budget numbers include Beginning Fund Balance amounts, while actual and estimated actual do not. In accordance with Generally Accepted Accounting Principles, actual amounts reflect only revenues recognized each year. Beginning Fund Balance represents resources received and recognized in prior years as revenue but are available for appropriation in future years.

Expenditures and Other Uses

Expenditures for all Special Revenue Funds total $22,561,895. This amount includes an estimated ending reserves balance of $7,666,432. Fiscal year 2023 expenditures and other uses are balanced with the total revenues and other sources.

Expenditures and Other Uses by Type

Personnel costs are the largest use of expenditures for all Special Revenue Funds and are proposed to total $9,313,950, or 41.3% of total expenditures and uses. The estimated ending reserves balance is proposed to total $7,666,432, or 34.0% of the total expenditures and uses. Other significant uses of expenditures and their proposed totals include:

Operating - $5,160,906
Capital Outlay - $394,000
Debt Service - $26,607

It is important to note that amended, adopted, and proposed budget numbers include Reserves, while actual and estimated actual do not. In accordance with Generally Accepted Accounting Principles, actual amounts reflect only expenditures recognized each year. Reserves represent funds that are held for restricted purposes or may be reallocated for specific purposes throughout the fiscal year.