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10
<br /> DRAFT-FY 2020-21 GENERAL FUND SUMMARY RESULTS
<br /> Both the Income Statement and Balance Sheet provided the$12 million to fund the Budget Amendment
<br /> as illustrated below.
<br /> INCOME STATEMENT The bolded column below represents the net income impact
<br /> REVENUES Revised Budget Actual Amounts Variance NOTES
<br /> Positive variance due primarily to higher tax collection rate than budgeted;budgeted 98.7%for
<br /> real and personal and actual collection rate was 99.3%. Motor Vehicle collections had additional
<br /> Property taxes $ 167,234,047 $ 169,609,395 $ 2,375,348 $403,268.
<br /> Federal Stimulus offset management's forecast of projected lower revenues due to pandemic
<br /> Sales tax $ 25,577,353 $ 32,101,942 $ 6,524,589 closures.
<br /> Intergovernmental $ 28,795,396 $ 25,670,181 $ (3,125,215) Timing of Grant Reimbursements.
<br /> Primarily due to necessary public health restrictions impacting Detention Center Federal Bed
<br /> Charges for Services $ 12,444,279 $ 11,549,397 $ (894,882) Utilization; Budgeted$1.6 million and Actual is$803,671.
<br /> Investment earnings $ 530,000 $ 17,708 $ (512,292) Lower interest rate environment eroded yield opportunities.
<br /> License and permits $ 288,250 $ 281,024 $ (7,226) Comprised of Franchise Tax and Privilige License.
<br /> Miscellaneous $ 1,003,000 $ 865,501 $ (137,499) Comprised of Lease Rentals and Donations
<br /> Total revenues $ 235,872,325 $ 240,095,148 $ 4,222,823 Positive variance attributed to property and sales tax collections
<br /> EXPENDITURES
<br /> Community service $ 11,436,885 $ 9,962,876 $ (1,474,009) Manager Cost Containment measures and Personnel Attrition.
<br /> General government $ 14,733,484 $ 13,549,081 $ (1,184,403) Same comment as above.
<br /> Public Safety $ 29,051,056 $ 27,428,024 $ (1,623,032) Same comment as above.
<br /> Human services $ 46,160,781 $ 41,797,621 $ (4,363,160) Same comment as above.
<br /> Education $ 93,809,052 $ 92,671,015 $ (1,138,037) Same comment as above.
<br /> Support services $ 12,787,530 $ 11,970,772 $ (816,758) Same comment as above.
<br /> Debt service $ 33,910,651 $ 33,764,216 $ (146,435)
<br /> $ 241,889,439 $ 231,143,605 $(10,745,834) Manager Cost Containment measures and Personnel Attrition.
<br /> Revenues over(under)
<br /> expenditures $ 8,951,543 Basis for Mid-Year Budget Adjustment
<br /> NOTE All transactions indicated above the line exclude transfers in and out
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