Attached for your information is the quarterly Budget Monitoring Report, covering Fiscal Year 2021 revenue and expenditure periods between April 1, 2021 and June 30, 2021.  The report presents a comparison and analysis of the City’s current fiscal year budget and actual activity for the General Fund and All Funds (in total) including revenues and expenditures by category type and/or department level.  Revenue and spending activity are monitored on a monthly basis and reported in aggregate quarterly each fiscal year.

In summary, revenues and expenditures for FY 2021 Quarter 3 for the General Fund and All Funds (in total) are as follows:

General Fund revenues collected, ending June 2021, total $63,020,449, or 81.4% of the amended budget.  A total balance of $14,409,208, or 18.6% of the amended budget, in unrealized revenue is pending collection.

General Fund expenditures expensed and/or encumbered, ending June 2021, total $58,967,796, or 71.4% of the amended budget.  A total balance of $23,610,397, or 28.6% of the amended budget, is recorded across all category types.

All Funds (in total) revenues collected, ending June 2021, total $245,134,540, or 79.0% of the amended budget.  A total balance of $65,020,907, or 21.0% of the amended budget, is pending collection.

All Funds (in total) expenditures expensed and/or encumbered, ending June 2021, total $220,485,878, or 54.2% of the amended budget.  A total balance of $186,593,465, or 45.8% of the amended budget, is recorded across all category types.