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Home My WebLink About2021.08.31 Revenue & Expenditure Report`�c,•w cry•. tom` rrr�,;r�ro ,w GENERAL FUND Property Taxes Sales and Use Taxes Admissions Tax Room Taxes Other Licenses and Permits Intergovernmental Revenue Federal Government State of Maryland Worcester County Service Charges Parking Lots/Meters Events and Programs Other Service Charges Fines and Forfeitures Other Revenue Proceeds from Long -Term Debt Operating Transfers In Appropriated Fund Balance Total General Fund Revenues TOWN OF OCEAN CITY FISCAL YEAR-TO-DATE REVENUE SUMMARY AS OF AUGUST 31, 2021 FY 2022 FY 2022 FY 2022 ADOPTED REVISED REVENUE BUDGET BUDGET TO DATE 3,152,537 64.79 44,692,082 44,692,083 42,759,920 1,435,000 1,435,000 77.07 17,200,000 17,200,000 85,400 2,625,671 2,625,671 (24,623) 4,240,850 4,278,137 195,487 170,056 189,190 (36,313) 329,458 329,458 (108,620) 5,117,935 5,117,935 5,473,241 5,054,175 5,079,590 3,290,925 4,352,473 4,352,473 1,499,711 1,586,000 1,586,000 790,202 961,000 961,000 740,665 711,810 711,810 193,431 46,000 46,000 3,400,000 4,158,559 ---------------------------------- $ 91,922,510 $ ----------------- 92,762,906 $ 54,774,026 ACTUAL AS % OF BUDGET PRIOR YEAR ACTUAL TO DATE 95.68 42,145,796 (.94) (127,210) 4.57 (57,146) (19.19) (95,739) (32.97) (1,473) 106.94 3,152,537 64.79 2,037,456 34.46 1,168,969 49.82 658,367 77.07 521,719 27.17 85,400 - 45,672 59.05 $ 49,534,348 GENERAL FUND Legislative Administration Planning and Community Development Police Communications Communications -Electronics Fire Emergency Medical Services Emergency Management Fire Marshal Public Works Administration Construction Maintenance Solid Waste Recreation and Parks Beach Patrol Town -Sponsored Festivals Tourism and Public Relations Debt Service Operating Transfers Out Total General Fund Expenditures TOWN OF OCEAN CITY FISCAL YEAR-TO-DATE EXPENDITURE REPORT AS OF AUGUST 31, 2021 FY 2022 FY 2022 FY 2022 PRIOR YEAR ADOPTED REVISED EXPENDITURES ACTUAL AS ACTUAL BUDGET BUDGET TO DATE % OF BUDGET TO DATE 1,187,394 1,187,429 343,421 28.92 341,293 1,833,973 1,833,973 42,833 2.34 (48,189) 1,710,613 1,710.613 367,542 21.49 371,458 24.198,153 24,412,473 3,354,823 13.74 3,089,947 2,047,851 2,047,851 247,878 12.10 297,102 493,972 501,872 56,802 11.32 52,626 2,085,984 2,198,138 288,088 13.11 378,004 8,883,523 8,899,220 1,212,431 13.62 1,166,661 611,045 611,045 76,004 12.44 109,143 1,224,065 1,246,115 113,841 9.14 96,997 2,035,646 3,928,924 6,034,210 6,388,998 4,972,508 2,610,768 2,036,225 7,382,367 5,211,421 7,044,870 ----------------- $ 91,922,510 2,080,903 4,088,501 6,099,613 6,389,568 5,109,128 2,610,838 2,082,595 7,396,739 5,211,421 7,044,871 $ 92,762,906 (136,914) 581,162 1,056,103 1,436,386 777,284 951,039 435,280 2,652,313 222,736 347,032 $ 14,426,084 (6.58) 14.21 17.31 22.48 15.21 36.43 20.90 35.86 4.27 4.93 ----------------- 15.55 (303,888) 596,643 950,556 1,380,505 609,442 1,003,941 157,365 1,995,538 329,749 546,980 $ 13,121,873 WATER FUND Revenues Metered Usage Charges Fixture Charges Vacant Lot Charges Connection Fees Sales - Materials and Service Impact Fees Interest Earned Bond Issuance Appropriated Fund Balance Total Revenues Expenditures Administration Distribution System Water Plant Meter Reading Meter Installation Capital Projects Total Expenditures TOWN OF OCEAN CITY STATEMENT OF REVENUES AND EXPENDITURES AS OF AUGUST 31, 2021 FY 2022 ADOPTED BUDGET 4,533,088 2,518,080 20,002 116,000 33,000 128,520 19,000 ----------------- $ 7,367,690 1,912,767 1,520,588 2,353,013 258,546 143,572 1,179,204 ----------------- $ 7,367,690 FY 2022 FY 2022 PRIOR YEAR REVISED ACTUAL ACTUAL AS ACTUAL BUDGET TO DATE X OF BUDGET TO DATE 4,533,088 2,518,080 20,002 116,000 33,000 128,520 19,000 59,272 268,177 $ 7,695,139 1,912,767 1,565,685 2,362,495 258,546 143,572 1,456,205 ----------------- $ 7,699,270 844,341 519,720 3,136 34,164 15,773 20,664 1,592 ----------------- $ 1,439,390 157,104 109,459 416,882 21,826 37,450 70,821 ----------------- $ 813,542 18.63 20.64 15.68 29.45 47.80 16.08 8.38 478,785 483,520 3,316 3,615 6,032 689 ----------------- ----------- 18.71 $ $ 975,957 8.21 150,048 6.99 150,115 17.65 469,611 8.44 34,060 26.08 13,458 4.86 156,410 ---------------- ----------------- 10.57 $ 973,702 WASTEWATER FUND Revenues Licenses and Permits Lab Fees Fixture Charges Vacant Lot Charges Connection Fees Sales - Materials and Service Service Outside City Land Rent Interest Earned Other Revenue Proceeds from Long -Term Debt Appropriated Fund Balance Total Revenues Expenditures Administration Treatment Plant Collection System Lab Capital Projects Total Expenditures TOWN OF OCEAN CITY STATEMENT OF REVENUES AND EXPENDITURES AS OF AUGUST 31, 2021 FY 2022 FY 2022 FY 2022 ADOPTED REVISED ACTUAL BUDGET BUDGET TO DATE 50,000 112,000 13,280,847 42,966 13,000 3,500 790,000 4,000 85,000 224,400 $ 14,605,713 4,638,333 5,110,806 1,192,293 373,984 3,290,297 ----------------- S 14,605,713 50,000 112,000 13,280,847 42,966 13,000 3,500 790,000 4,000 85,000 224,400 2,773,772 2,840,527 $ 20,220,012 4,638,333 5,142,409 1,718,387 373,984 8,346,899 $ 20,220,012 4,125 14,463 2,748,534 6,623 3,927 4,000 5,690 36,080 $ 2,823,442 131,657 781,440 127,291 39,667 313,828 $ 1,393,883 ACTUAL AS % OF BUDGET PRIOR YEAR ACTUAL TO DATE 8.25 6,060 12.91 18,705 20.70 2,736,266 15.41 6.551 - 300 112.20 1,147,704 100.00 6.69 1,902 16.08 - 98.228 ---------------- ----------------- 13.96 $ 2,868,012 2.84 112,714 15.20 762,835 7.41 147,745 10.61 38,990 3.76 85,420 ----------------- ----------------- 6.89 $ 1,147,704 TOWN OF OCEAN CITY STATEMENT OF REVENUES AND EXPENDITURES ;!Ak AS OF AUGUST 31, 2021 FY 2022 FY 2022 FY 2022 PRIOR YEAR ADOPTED REVISED ACTUAL ACTUAL AS ACTUAL BUDGET BUDGET TO DATE X OF BUDGET TO DATE TRANSPORTATION FUND Revenues Federal and State Grants 3,850,494 4,599,782 (275,641) (5.99) 80,000 Bus Passenger Revenue 1,786,108 1,786,108 642,024 35.95 271,457 Bus Pass Revenue 1,160 293 Senior Citizen Bus Passes 11,000 11,000 2,100 19.09 728 Boardwalk Train Revenue 1,351,500 1,351,500 617,511 45.69 Bus and Train Advertising 238,000 238,000 28,963 12.17 14,900 Service Charges 9,000 9,000 1,652 18.36 1,192 Interest Earned 10,000 10,000 74 .74 58 Other Revenue 1,528 - General Fund Contribution 231,200 Appropriated Fund Balance 131,510 235,941 Total Revenues ---------------------------------- $ 7,387,612 $ ----------------- 8,241,331 $ 1,019,371 ----------------- ----------------- 12.37 $ 599,828 Expenditures Administration 1,096,673 1,096,673 164,452 15.00 155,140 Buses 5,397,824 5,502,255 785,868 14.28 545,557 Boardwalk Trains 893,115 893,115 180,000 20.15 86,062 Capital Projects 749,288 - 1,149,210 Total Expenditures ---------------------------------- $ 7,387,612 $ ----------------- 8,241,331 $ 1,130,320 ----------------- ----------------- 13.72 $ 1,935,969 AIRPORT FUND Revenues Federal and State Grants Service Charges Other Revenue General Fund Contribution Appropriated Fund Balance Total Revenues Expenditures Operations Capital Projects Total Expenditures TOWN OF OCEAN CITY STATEMENT OF REVENUES AND EXPENDITURES AS OF AUGUST 31, 2021 FY 2022 FY 2022 FY 2022 ADOPTED REVISED ACTUAL BUDGET BUDGET TO DATE 4,018,500 4,588,353 641,600 641,600 375,179 375,179 394,586 702,859 ----------------- ----------------- 5.07 $ 84,344 ----------------- ----------------- $ 5,429,865 $ 6,392,335 5,429,865 ----------------- $ 5,429,865 (30,405) 219,704 69,065 65,764 ----------------- $ 324,128 ACTUAL AS X OF BUDGET PRIOR YEAR ACTUAL TO DATE (.66) (26,733) 34.24 167,605 18.41 65,444 9.36 52,194 ----------------- ----------------- 5.07 $ 258,510 5,514,209 231,794 4.20 239,307 878,126 18,029 2.05 7,452 ----------------- ----------------- $ 6,392,335 $ ----------------- 249,823 ----------------- 3.91 $ 246,759 GOLF COURSE FUND Revenues Greens Fees Cart/Club Rentals Pro Shop Sales Concessions Other Miscellaneous Revenue Interest Earned Transfers In - Admissions Tax Appropriated Fund Balance Total Revenues Expenditures Operations Maintenance Total Expenditures 1,386,591 395,853 142,409 282,323 36,333 750 50,000 6,234 $ 2,300,493 1,118,459 1,182,034 ----------------- $ 2,300,493 1,386,591 395,853 142,409 282,323 36,333 750 50,000 20,339 $ 2,314,598 1,123,719 1,190,879 ----------------- $ 2,314,598 424,893 TOWN OF OCEAN CITY 353,736 STATEMENT OF REVENUES AND EXPENDITURES 32.63 v` AS OF AUGUST 31, 2021 37.61 51,124 82,389 FY 2022 FY 2022 FY 2022 PRIOR YEAR 71,828 ADOPTED REVISED ACTUAL ACTUAL AS ACTUAL 12.59 BUDGET BUDGET TO DATE X OF BUDGET TO DATE GOLF COURSE FUND Revenues Greens Fees Cart/Club Rentals Pro Shop Sales Concessions Other Miscellaneous Revenue Interest Earned Transfers In - Admissions Tax Appropriated Fund Balance Total Revenues Expenditures Operations Maintenance Total Expenditures 1,386,591 395,853 142,409 282,323 36,333 750 50,000 6,234 $ 2,300,493 1,118,459 1,182,034 ----------------- $ 2,300,493 1,386,591 395,853 142,409 282,323 36,333 750 50,000 20,339 $ 2,314,598 1,123,719 1,190,879 ----------------- $ 2,314,598 424,893 30.64 353,736 129,158 32.63 113,155 53,557 37.61 51,124 82,389 29.18 71,828 4,576 12.59 7,289 29 3.87 99 ----------------- ----------------- $ 694,602 ----------------- 30.01 $ 597,231 195,839 17.43 186,802 181,432 15.24 147,732 ----------------- ----------------- $ 377,271 ----------------- 16.30 $ 334,534 CONVENTION CENTER FUND Revenues Food and Beverage Taxes State and County Grants Service Charges Other Revenue General Fund Contribution Bond Proceeds Appropriated Fund Balance Total Revenues Expenditures Administration Performing Arts Center Sales Maintenance Capital Projects Total Expenditures 1,450,000 1,737,611 1,847,000 60,461 1,687,613 524,378 $ 7,307,063 PRIOR YEAR ACTUAL TO DATE 1,450,000 TOWN OF OCEAN CITY - STATEMENT OF REVENUES AND EXPENDITURES r-. AS OF AUGUST 31, 2021 5 305,254 1,847,001 FY 2022 FY 2022 FY 2022 5.93 ADOPTED REVISED ACTUAL ACTUAL AS 60,461 BUDGET BUDGET TO DATE X OF BUDGET CONVENTION CENTER FUND Revenues Food and Beverage Taxes State and County Grants Service Charges Other Revenue General Fund Contribution Bond Proceeds Appropriated Fund Balance Total Revenues Expenditures Administration Performing Arts Center Sales Maintenance Capital Projects Total Expenditures 1,450,000 1,737,611 1,847,000 60,461 1,687,613 524,378 $ 7,307,063 PRIOR YEAR ACTUAL TO DATE 1,450,000 3,832,764 - 41,000 1,737,611 314,600 18.11 305,254 1,847,001 109,467 5.93 52,757 60,461 2,809 4.65 6,199 1,687,613 281,268 16.67 263,586 4,142,605 1,201,253 ---------------------------------- $ 12,126,544 $ ----------------- 708,144 ----------------- 5.84 $ 627,796 3,832,763 3,832,764 215,802 41,000 41,000 433,842 381,455 381,455 91,464 3,051,845 3,052,795 436,001 4,818,530 593,489 ----------------- ----------------- $ 7,307,063 $ ----------------- 12,126,544 $ 1,336,756 5.63 251,622 23.98 34,883 14.28 433,842 12.32 1,090,842 ---------------- ----------------- 11.02 $ 1,811,189 INFORMATION TECHNOLOGY FUND Revenues Service Charges General Fund Water Fund Wastewater Fund Transportation Fund Airport Fund Golf Course Fund Convention Center Fund Service Center Fund Risk Management Fund Appropriated Fund Balance Total Revenues Expenditures Administration Operating Transfers Out Total Expenditures TOWN OF OCEAN CITY STATEMENT OF REVENUES AND EXPENDITURES AS OF AUGUST 31, 2021 FY 2022 ADOPTED BUDGET 1,737,710 118,389 134,375 66,670 13,381 28,362 44,295 102,684 36,681 ---------------- $ 2,282,547 2,213,357 69,189 ----------------- $ 2,282,546 FY 2022 FY 2022 REVISED ACTUAL BUDGET TO DATE 1,737,710 289,594 118,389 19,730 134,375 22,394 66,670 11,110 13,381 2,230 28,362 4,726 44,295 7,378 102,684 17,112 36,681 6,112 43,264 379,620 ----------------- ----------------- $ 2,325,811 $ 380,386 2,256,621 800,514 69,189 11,532 ----------------- ----------------- $ 2,325,810 $ 812,046 PRIOR YEAR ACTUAL AS ACTUAL X OF BUDGET TO DATE 16.67 288,828 16.67 20,972 16.67 23,654 16.66 11,300 16.67 2,054 16.66 4,120 16.66 7,920 16.66 15,832 16.66 4,940 ---------------- ----------------- 16.35 $ 379,620 35.47 677,264 16.67 9,812 ----------------- ----------------- 34.91 $ 687,076 SERVICE CENTER FUND Revenues Service Charges Fuel Sales Sales of Parts and Supplies Mechanic Labor Charges Other Revenue Total Revenues Expenditures Administration Warehouse Garage Total Expenditures TOWN OF OCEAN CITY STATEMENT OF REVENUES AND EXPENDITURES AS OF AUGUST 31, 2021 FY 2022 FY 2022 FY 2022 PRIOR YEAR ADOPTED REVISED ACTUAL ACTUAL AS ACTUAL BUDGET BUDGET TO DATE X OF BUDGET TO DATE 1,538,248 1,538,248 207,581 13.49 122,004 1,496,071 1,496,071 192,260 12.85 171,141 1,516,059 1,516,059 183,350 12.09 299,266 1,044 - 432 ---------------------------------- $ 4,550,378 $ ----------------- 4,550,378 $ 584,235 ----------------- ----------------- 12.84 $ 592,843 690,682 690,682 104,990 15.20 104,822 2,647,801 2,647,801 285,144 10.77 193,804 1,211,895 ----------------- 1,211,895 128,499 10.60 167,004 ----------------- $ 4,550,378 $ ----------------- 4,550,378 $ 518,633 ----------------- ----------------- 11.40 $ 465,630 VEHICLE/EQUIPMENT TRUST FUND Revenues Service Charges Sales - Materials and Service General Fund Water Fund Wastewater Fund Transportation Fund Airport Fund Golf Course Fund Convention Center Fund Service Center Fund Information Technology Fund Risk Management Fund Equipment Lease Insurance Claims Capital Asset Sales Appropriated Fund Balance Total Revenues Expenditures Operating Expenses Debt Service Capital Outlay Total Expenditures TOWN OF OCEAN CITY STATEMENT OF REVENUES AND EXPENDITURES AS OF AUGUST 31, 2021 FY 2022 FY 2022 ADOPTED REVISED BUDGET BUDGET FY 2022 ACTUAL TO DATE PRIOR YEAR ACTUAL AS ACTUAL X OF BUDGET TO DATE 465,448 465,448 84,725 18.20 56,071 2,567,803 2,567,803 427,932 16.67 419,698 117,641 117,641 19,600 16.66 21,010 97,865 97,865 16,308 16.66 19,010 337,542 337,542 56,252 16.67 52,192 8,110 8,110 1,350 16.65 1,398 94,028 94,028 15,670 16.67 15,226 28,543 28,543 4,756 16.66 4,358 19,983 19,983 3,328 16.65 3,712 8,495 8,495 1,414 16.65 1,414 6,438 6,438 1,072 16.65 1,052 - 31,819 31,819 76,500 76,500 19,923 26.04 24,982 62,539 623,072 ---------------------------------- $ 3,890,935 $ ----------------- 4,451,468 $ ----------------- 652,330 ----------------- 14.65 $ 683,761 1,190,872 868,663 1,831,400 ----------------- $ 3,890,935 1,190,872 868,663 2,391,933 ---------------- $ 4,451,468 364,793 387,071 105,735 ----------------- $ 857,599 30.63 44.56 4.42 ----------------- 19.27 287.467 377,782 227,797 ----------------- $ 893,046 rQ�:vnr o ;i. RISK MANAGEMENT FUND Revenues Service Charges General Fund Water Fund Wastewater Fund Transportation Fund Airport Fund Golf Course Fund Convention Center Fund Service Center Fund Information Technology Fund Vehicle/Equipment Trust Fund Interest Earned Total Revenues Expenditures Administration Insurance Policies Claims Expense Operating Transfers Out Total Expenditures TOWN OF OCEAN CITY STATEMENT OF REVENUES AND EXPENDITURES AS OF AUGUST 31, 2021 FY 2022 FY 2022 FY 2022 ADOPTED REVISED ACTUAL ACTUAL AS BUDGET BUDGET TO DATE X OF BUDGET 1,333,242 116,123 154,494 117,450 16,405 22,809 183,309 32,765 7,429 696,756 33,715 $ 2,714,497 460,754 1,714,430 365,000 94,313 ----------------- $ 2,634,497 1,333,242 116,123 154,494 117,450 16,405 22,809 183,309 32,765 7,429 696,756 33,715 $ 2,714,497 460,754 1,714,430 365,000 94,313 ----------------- $ 2,634,497 222,154 19,350 25,742 19,570 2,732 3,800 30,548 5,456 1,238 116,126 7 ----------------- $ 446,723 87,156 1,292,578 25,517 15,718 ----------------- $ 1,420,969 16.66 16.66 16.66 16.66 16.65 16.66 16.66 16.65 16.66 16.67 .02 16.46 18.92 75.39 6.99 16.67 53.94 PRIOR YEAR ACTUAL TO DATE 216,750 17,472 22,316 16,638 2,496 3,472 30,430 2,974 1,266 109,050 5,975 ----------------- $ 428,839 105,861 950,710 12,053 12,756 ----------------- $ 1,081,380