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HomeMy WebLinkAbout2023.02.28 YTD Revenues & Expenditures Reportsa. TOWN OF OCEAN CITY FISCAL YEAR -TO -BATE REVENUE SUMMARY AS OF FEBRUARY 28, 2023 _11K FY 2023 FY 2023 FY 2023 PRIOR YEAR ADOPTED REVISED REVENUE ACTUAL AS ACTUAL BUDGET_ __._ _. _ _ _. BUDGET- TO.DATE % OF__BUDGET . TO .DATE. GENERAL FUND Property Taxes 45,117,024 45,117,025 45,108,767 99.98 44,475,265 Sales and Use Taxes Admissions Tax 1,700,000 1,937,364 1,753,597 90.51 1,802,069 Room Taxes 22,500,000 23,596,521 18,627,366 78.94 15,353,118 Other 2,840,407 3,235,407 1,601,733 49.51 1,135,280 Licenses and Permits 4,579,925 4,774,147 2,028,779 42.50 1,642,704 intergovernmental Revenue Federal Government 3,570,056 243,857 179,015 73.41 28;196 State of Maryland 329,458 2,238,313 1,713,196 76.54 874,136 Worcester County 5,471,656 5,620,057 5,727,668 101.91 5,510,741 Service Charges Parking Lots/Meters 5,725,275 5,725,275 3,961,312 69.19 4,302,541 Events and Programs 4,410,058 4,271,726 5,044,252 118.08 4,696,526 Other Service Charges 1,805,000 1,905,000 1,743,653 91.53 1,556,610 Fines and Forfeitures 1,139,500 1,092,650 894,045 81.82 1,615,624 Other Revenue 695,650 1,010,732 1,476,640 146.10 493,277 Proceeds from Long -Term Debt 11,366,104 - Operating Transfers In 46,000 46,000 46,318 100.69 45,507 Appropriated Fund Balance 1,500,000 12,571,999 - Total General Fund Revenues ----------------- $ 101,430,009 ---------------------------------- $ 113,386,073 $ ----------------- 101,272,445 ----------------- 89.32 $ 83,531,594 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 FEBRUARY 28, 2023 FY 2023 FY 2023 FY 2023 PRIOR YEAR ADOPTED REVISED EXPENDITURES ACTUAL AS ACTUAL BUDGET --BUDGET_-_____ _ _-_- TO -_DATE_ _-—____%-_OF_BUDGET —_______TO-DATE-- 1,155,014 1,244,031 814,207 65.45 816,196 2,366,759 2,287,097 1,299,491 56.82 965,410 2,003,889 2,018,770 1,380,789 68.40 1,151,464 25,604,295 25,802,406 16,950,640 65.69 16,483,288 2,090,219 2,281,471 1,438,145 63.04 1,217,060 466,847 480,434 313,659 65.29 311,959 2,025,290 2,457,080 1,828,327 74.41 1,438,585 9,201,745 9,821,851 6,554,095 66.73 6,087,999 743,288 751,168 487,051 64.84 410,030 1,161,639 1,396,566 940,664 67.36 653,920 2,052,534 2,248,733 3,943,155 4,108,678 6,502,815 6,642,623 7,411,087 7,692,384 5,033,748 5,271,688 2,932,953 2,939,382 2,186,965 2,463,013 10,408,233 17,319,163 6,165,969 6,165,969 7,973,565 9,993,566 $ -101-,-430,009-- $ - 113,386,073 1,130,922 50.29 1,269,307 2,614,694 63.64 2,536,548 4,099,819 61.72 3,774,259 4,740,267 61.62 4,368,945 2,873,644 54.51 3,020,730 1,763,166 59.98 1,640,032 1,561,882 63.41 1,242,493 9,652,738 55.73 3,845,512 16,621,933 269.58 4,350,093 7,324,299 73.29 6,800,416 ---------------------------------- - $ - 84 ,-390 , 432 - --- - ----------------- - 74.-43 $ 62,384,246 TOWN OF OCEAN CITY STATEMENT OF REVENUES AND EXPENDITURES AS OF FEBRUARY 28, 2023 FY 2023 FY 2023 FY 2023 PRIOR YEAR ADOPTED REVISED ACTUAL ACTUAL AS ACTUAL - -- -- --- - - ... - ------------ ----- - --- --BUDGET-- - - - -- --BUDGET-----------TO._DATE---- - - %--OF._BUDGET_- -- WATER FUND Revenues Metered Usage Charges 4,892,500 4,892,500 2,946,394 60.22 3,317,905 Fixture Charges 2,681,280 2,681,280 1,934,579 72.15 1,788,976 Vacant Lot Charges 21,403 21,403 13,773 64.35 13,001 Connection Fees 116,000 116,000 103,957 89.62 142,311 Sales - Materials and Service 33,000 33,000 43,096 130.59 55,108 Impact Fees 134,568 134,568 91,476 67.98 Interest Earned 17,000 57,571 126,850 220.34 11,760 Bond Issuance 3,221,934 152,375 4.73 Appropriated Fund Balance 137,633 675,915 - -------------------------------------------------------------------- ----------------- �_Total Revenues $ 8,033,384 $ 11,834,171 $ 5,412,500 45.74 $ 5,329,061 Expenditures Administration 2,278,591 2,279,696 1,838,090 80.63 1,391,405 Distribution System 1,994,309 2,151,337 897,562 41.72 933,825 Water Plant 2,527,965 2,632,433 1,528,903 58.08 1,408,101 Meter Reading 258,709 262,493 167,513 63.82 128,644 Meter Installation 142,810 136,810 82,033 59.96 145,104 Capital Projects 831,000 4,371,402 1,868,167 42.74 1,293,414 -------------------------------------------------------------------- ----------------- -Total Expenditures $ 8,033,384 - $ 11,834-,171 - $ 6,382,268 - 53.93 $ - 5,300,493- TOWN OF OCEAN CITY STATEMENT OF REVENUES AND EXPENDITURES =" AS OF FEBRUARY 28, 2023 FY 2023 FY 2023 FY 2023 PRIOR YEAR ADOPTED REVISED ACTUAL ACTUAL AS ACTUAL - - - - -- - - - - - - - -- -- -BUDGET-- -- - -.-BUDGET------- - - TO--DATE---------------%-OF_BUDGET . TO DATE WASTEWATER FUND Revenues Licenses and Permits 55,000 55,000 55,770 101.40 32,250 Lab Fees 112,000 112,000 83,148 74.24 64,312 Fixture Charges 13,438,272 13,438,272 9,523,924 70.87 9,437,351 Vacant Lot Charges 41,580 41,580 27,196 65.41 27,416 Connection Fees 12,000 12,000 570 4.75 Sales - Materials and Service 3,500 3,500 12,895 368.43 18,638 Service Outside City 767,000 767,000 763,905 99.60 739,810 Land Rent 4,000 4,000 4,433 110.83 Interest Earned 65,000 123,866 321,202 259.31 26,697 Other Revenue 234,960 234,960 156,200 66.48 Proceeds from Long -Term Debt 5,092,503 5,381,521 105.68 4,540,822 Appropriated Fund Balance 4,754,942 -------------------------------------------------------------------- ----------------- Total Revenues $ 14,733,312 $ 24,639,623 $ 16,330,764 66.28 $. 14,887,296 Expenditures Administration 4,930,908 4,924,945 9,129,058 185.36 3,477,709 Treatment Plant 5,151,221 5,252,484 2,940,697 55.99 2,890,853 Collection System 1,192,624 1,200,593 711,736 59.28 1,245,186 Lab 395,706 396,892 288,265 72.63 234,692 Capital Projects 3.062,853 12,864,709 1 995,892 15.51 -1,745,592 Total Expenditures ----------- - - - - ----- $ 14,733,312 $ -------- - - - - ----- 24,639,623 $ -------- - - -- ------ 15,065,648 ------- - - - - -- ---- 61.14 $ ----------- - - 9,594,032 TRANSPORTATION FUND Revenues Federal and State Grants Bus Passenger Revenue Bus Pass Revenue Senior Citizen Bus. Passes Boardwalk Train Revenue Bus and Train Advertising Service Charges Interest Earned Other Revenue General Fund Contribution Appropriated Fund Balance Total Revenues Expenditures Administration Buses Boardwalk Trains Total Expenditures TOWN OF OCEAN CITY STATEMENT OF REVENUES AND EXPENDITURES AS OF FEBRUARY 28, 2023 FY 2023 FY 2023 FY 2023 PRIOR YEAR ADOPTED REVISED ACTUAL ACTUAL AS ACTUAL -BUDGET __ ____ __ __ _ --BUDGET------ .__ _ _ _ . _ _ _TO. _DATE. _ _ %_ OF__BUDGET _ _ _ .. TO DATE._. 3,917,644 2,120,369 2,500 11,000 1,536,293 165,000 13,500 500 725,086 ----------------- $ 8,491,892 4,892,184 1,892,869 2,500 11,000 1,486,293 165,000 13,500 500 725,086 306,746 $ 9,495,678 (187,171) .(3.83) 1,065,891 1,134,248 59.92 975,124 2,002 80.08 2,441 3,346 30.42 4,550 837,999 56.38 749,628 97,881 59.32 83,015 9,410 69.70 10,900 5,813 1,162.60 418 6,575 - 4,255 483,384 66.67 ---------------------------------- $ 2,393,487 ----------------- 25.21 $ 2,896:222 1.,063,572 1,076,728 628,230 58.35 640,854 6,368,132 7,408,762 4,379,545 59.11 3,349,624 1,060,188 1,010,188 519,419 51.42 406,633 ---------------------------------- $ 8,491,892 $ ----------------- 9,495,678 $ ----------------- 5,527,194 ----------------- 58.21 $ 4,397,111 TOWN OF OCEAN CITY ' '== STATEMENT OF REVENUES AND EXPENDITURES .. M.AS OF FEBRUARY 28, 2023 `^ FY 2023 FY 2023 FY 2023 PRIOR YEAR ADOPTED REVISED ACTUAL ACTUAL AS ACTUAL -BUDGET _ _ _ _ __ BUDGET___ ___ __ . _ TO DATE. _ _ _. ___ Z _OF. BUDGET __ ____ ____ TO _DATE_ __ AIRPORT FUND Revenues Federal and State Grants 4,940,000 8,380,504 (153,259) (1.83) 78,701 Service Charges 896,900 996,000 727,629 73.06 519,362 Other Revenue 354,565 348,596 368,758 105.78 249,290 _General Fund Contribution 321,455 594,905 214,296 36.02 263,056 Appropriated Fund Balance 1,926 Total Revenues. ---------------------------------- $ 6,512,920 $ 10,321,931 ----------------- $ 1,157,424 ----------------- ----------------- 11.21 $ 1,110,409 Expenditures Operations 61512,920 1,440,398 1,012,361 70.28 1,681,466 Capital Projects 8,881,533 7,905,176 89.01 167,573 Total Expenditures ---------------------------------- $ 6,512,920 $ 10,321,931 ----------------- $ 8,917,537 ----------------- ----------------- 86.39 $ 1,849,039 TOWN OF OCEAN CITY STATEMENT OF REVENUES AND EXPENDITURES AS OF FEBRUARY 28, 2023 FY 2023 ADOPTED -- - - RIIn(,PT 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 FY 2023 FY 2023 REVISED ACTUAL- ACTUAL AS BUDGET. _. __ -_-- _ .- TO --DATE - _ _.. ___ % OF BUDGET_ PRIOR YEAR ACTUAL TO DATE- - --- --- - - 1,495,557 1,552,328 1,068,866 68.86 1,026,992 401,187 401,187 287,943 71.77 281,042 160,841 220,359 125,002 56.73 116,858 296,273 366,139 223,713 61.10 204,375 37,920 83,163 82,140 98.77 34,931 500 500 27,-173 5,434.60 248 54,000 54,000 55,851 103.43 24,617 6,234 292,484 - ---------------------------------- $ 2,452,512 $ ----------------- 2,970,160 $ ----------------- 1,870,688 ----------------- 62.98 $ 1,689,063 1,250,654 1,606,241 .902,993 56.22 717,176 1,201,858 1,363,919 904,239 66.30 .836,225 ---------------------------------- $ 2,452,512 $ ----------------- 2,970,160 $ ----------------- 1,807,232 ----------------- 60.85 $ 1,553,401 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 TOWN OF OCEAN CITY STATEMENT OF REVENUES AND EXPENDITURES AS OF FEBRUARY 28, 2023 FY 2023 FY 2023 FY 2023 PRIOR YEAR ADOPTED REVISED ACTUAL ACTUAL AS ACTUAL __ BUDGET _ __ . ___ BUDGET_ TO.. DATE----- _ _ _ _. %_ OF_ BUDGET_ _ TO _DATE._ 1,620,000 1,620,000 1,168,759 72.15 923,290 1,951,155 1,951,155 1,594,176 81.70 1,158,400 1,838;415 1,933,416 929,094 48.05 657,294 35,461 35,461 75,186 212.02 11,907 1,951,156 1,951,156 1,300,768 66.67 1,125,072 734,327 - 504,536 411,684 540,130 $ 7,807,871 $ 8,765,645 $ 5,067,983 57.82 $ 4,380,499 3,974,082 4,073,050 3,056,034 75.03 2,791,545 50,000 50,000 57,500 115.00 272,596 274,484 176,628 64.35 219,774 3,511,193 3,633,784 2,323,058 63.93 1,826,434 734,327 645,753 87.94 3,567,543 ---------------------------------- $ 7,807,871 $ ----------------- 8,765,645 $ ----------------- 6,258,973 ----------------- 71.40 $ 8,405,296 TOWN OF OCEAN CITY STATEMENT OF REVENUES AND EXPENDITURES AS OF FEBRUARY 28, 2023 FY 2023 FY 2023 FY 2023 PRIOR YEAR ADOPTED REVISED ACTUAL ACTUAL AS ACTUAL BUDGET_ _-BUDGET __ _- TO .-DATE __ Y.-OF-BUDGET- _ _ TO _DATE_. INFORMATION TECHNOLOGY FUND Revenues Service Charges General Fund 1,759,855 1,759,855 1,173,128 66.66 1,158,376 Water Fund 125,770 125,770 83,840 66.66 78,920 Wastewater Fund 143,331 143,331 95,552 66.67 89,576 Transportation Fund 56,756 56,756 37,832 66.66 44,440 Airport Fund 12,561 12,561 8,368 66.62 8,920 Golf Course Fund 26,820 26,820 - 17,880 66.67 18,904 Convention Center Fund 48,960 48,960 32,624 66.63 29,512 Service Center Fund 106,720 106,720 71,136 66.66 68,448 Risk Management Fund 38,171 38,171 25,440 66.65 24,448 Appropriated Fund Balance 60,148 - Total Revenues ---------------------------------- $ 2,318,944 $ 2,379,092 ----------------- $ 1,545,800 ----------------- ----------------- 64.97 $ 1,521,544 Expenditures Administration Operating Transfers Out Total Expenditures 2,262,017 2,322,165 1,776,754 76.51 1,567,375 56,927 56,927 37,944 66.65 46,128 ---------------------------------- $ 2,318,944 $ ----------------- 2,379,092 $ ----------------- 1,814,698 ----------------- 76.28 $ 1,613,503 TOWN OF OCEAN CITY STATEMENT OF REVENUES AND EXPENDITURES AS OF FEBRUARY 28, 2023 FY 2023 ADOPTED — - - BUDGET. SERVICE CENTER FUND Revenues FY 2023 FY 2023 PRIOR YEAR REVISED ACTUAL ACTUAL AS ACTUAL BUDGET-- __ _ _. _ _ TO _DATE. % OF_ BUDGET _ _ ---.---.-TO DATE Service Charges - Fuel Sales 1,596,182 1,596,182 1,264,971 79,25 865;549 Sales of Parts and Supplies 1,500,000 1,500,000 1,204,940 80.33 978,386 Mechanic Labor Charges 1,470,888 1,520,121 §33,944 61.44 948,112 Other Revenue 2,320 - 2,417 Appropriated Fund Balance 19,398 Total Revenues ---------------------------------- $ 4,567,070 $ ----------------- 4,635,701 $ ----------------- 3,406,175 ----------------- 73.48 $ 2,794,464 Expenditures Administration 713,640 707,788 465,430 65.76 452,949 Warehouse 2,662,906 2,697,022 2,083,152 77.24 1,539,533 Garage 1,190,524 1,230,891 754,687 61.31 687,755 Total Expenditures ---------------------------------- $ 4,567,070 $ ----------------- 4,635,701 $ ----------------- 3,303,269 ----------------- 71.26 $ 2,680,237 TOWN OF OCEAN CITY STATEMENT OF REVENUES AND EXPENDITURES AS OF FEBRUARY 28, 2023 FY 2023 ADOPTED - - - - - - - BUDGET VEHICLE/EQUIPMENT TRUST FUND Revenues Service Charges FY 2023 FY 2023 PRIOR YEAR REVISED ACTUAL ACTUAL AS ACTUAL _.BUDGET _TO -DATE _ _%_ OF. BUDGET _ TO .DATE Sales - Materials and Service 479,516 458,291 303,659 66.26 295,203 General Fund 2,733,458 3,083,458 1,822,104 59.09 1,711,728 Water Fund 113,821 113,821 75,864 66.65 78,400 Wastewater Fund 117,730 117,730 78,472 66.65 65,232 Transportation Fund 307,817 307,817 205,192- 66.66 225,008 Airport Fund 8,685 8,685 5,776 66.51 5,400 Golf Course Fund 92,937 92,937 61,944 66.65 62,680 Convention Center Fund 33,196 33,196 22,128 66.66 19,024 Service Center Fund 36,146 36,146 24,088 66.64 13,312 Information Technology Fund 6,796 6,796 4,520 66.51 5,656 Risk Management Fund 6,483 6,483 4,320 66.64 4,288 Capital Asset Sales 95,500 95,500 16,404 17.18 84,119 Appropriated Fund Balance 63,714 2,071,250 - Total Revenues ---------------------------------- $ 4,095,799 $ ----------------- 6,432,110 $ ----------------- 2,624,471 ----------------- 40.80 $ 2,570,050 Expenditures Operating Expenses 1,079,579 1,074,568 835,680 77.77 760,409 Debt Service 871,485 871,485 833,471 95.64 822,811 Capital Outlay 2,027,116 4,368,438 -2,307;867 52.83 189,451 Total Expenditures ---------------------------------- $ 3,978,180 $ ----------------- 6,314,491 $ ----------------- 3,977,018 ----------------- 62.98 $ 1,772,671 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 Insurance Claims Interest Earned Appropriated Fund Balance .Total Revenues Expenditures Administration Insurance Policies Claims Expense Operating Transfers Out Total Expenditures TOWN OF OCEAN CITY STATEMENT OF REVENUES AND EXPENDITURES AS OF FEBRUARY 28, 2023 FY 2023 FY 2023 ADOPTED REVISED ___.BUDGET _ ._ _._- ..____ . _ .-BUDGET FY 2023 PRIOR YEAR ACTUAL ACTUAL AS ACTUAL TO DATE OF__BUDGET__ TO DATE.._. 1,623,917 1,623,917 1,248,369 76.87 888,616 179,537 179,537 125,781 70.06 77,400 227,390 227,390 155;.669 68.46 102,968 148,025 148,025 111,821 75.54 78,280 22,481 22,481 15,059 66.99 10,928 26,986 26,986 18,656 69.13 15,200 254,927 254,927 176,310 69.16 122,192 48,797 48,797 34,572 70.85 21,824 8,578 8,578 7,171 83.60 4,952 567,776 567,776 378,512 66.67 464,504 485 - 21,497 21,497 50,448 234.67 (446) 470 - ---------------------------------- $ 3,129,911 $ ----------------- 3,130,381 $ ----------------- 2,322,853 ----------------- 74.20 $ 1,786,418 431,586 438,959 591,243 134.69 523,675 2,171,123 2,171,593 1,851,701 85.27 1,549,337 350,000 422,627 406,338 96-15 94,264 97,202 97,202 64,800 66.67 62,872 ---------------------------------- $ 3,049,911 $ ----------------- 3,130,381 $ ----------------- 2,914,082 ----------------- 93.09 $ 2,230,148