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2 <br /> Source Amount Recurring vs. Non-Recurring <br /> Property Tax Collection Rate $1,600,000 Recurring <br /> • 98.7% Budgeted <br /> • 99.27% Actual <br /> Motor Vehicle Tax Collection Rate $ 400,000 Recurring <br /> • 99.4% Budgeted <br /> • 103.8% Actual (exceeds 100% due to <br /> payment of delinquent bills) <br /> Sales Tax Collections (Articles 39, 40 and $4,000,000 Recurring <br /> 42) <br /> • Budgeted to decrease by 4.5% <br /> • Actual Collections exceed Budget by <br /> 17.4% <br /> Medicaid Hold Harmless $2,000,000 Non-Recurring <br /> • Budgeted at $1.75 million <br /> • Actual Payment - $3.75 million <br /> No Use of Fund Balance to Balance $4,000,000 Non-Recurring <br /> Budget <br /> • $8,200,000 Budgeted <br /> • $1,900,000 Assigned to FY2021-22 <br /> Budget <br /> • $2,300,000 Allocated to maintain 16% <br /> Unassigned Fund Balance <br /> • $4,000,000 Available for Allocation <br /> TOTAL 000 000 <br /> Based on the recurring and non-recurring nature of the variances outlined above, the following <br /> table proposes specific uses for those funds. A more detailed description of the proposed <br /> allocations is contained in the attached Update on FY2020-21 Year End Financial Results report. <br /> Proposed <br /> Employee Wage Adjustment $ (1,883,875) Recurring <br /> • Three percent wage increase <br /> retroactive to July 1, 2021 <br /> Schools Opportunity Gap & Mental $ (1,500,000) Recurring <br /> Health Fund <br /> • Allocated by average daily <br /> membership <br /> • Schools to provide spending plan <br /> • Track progress on key indicators <br />