HomeMy WebLinkAboutSubmittal-Marie Gouin-Budget PresentationSubmitted into the public
record for item(s) BU.1
on 01/25/2024 . City Clerk
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CITY OF MIAMI
'Y 2023-24
December 2023 Projections
15268 Submittal -Marie Gouin-Budget Presentation
Submitted into the public
record for item(s) BU.1 ,
on 01/25/2024 . City Clerk
General Fund - Revenues
FY 2023-24
Amended Budget
FY 2023-24
Year -to -Date Actual
FY 2023-24
Year -End Projection
YE Projection
to Budget
Property Taxes
$ 529,682,000
$ 380,355,479
$ 511,625,000
$ (18,057,000)
Franchise Fees/Other Taxes
131,767,000
18,566,617
151,626,000
19,859,000
Interest
11,508,000
10,668,437
16,148,000
4,640,000
Transfer - In
25,390,000
45,550
25,435,000
45,000
Fines & Forfeitures
6,743,000
1,552,882
7,169,000
426,000
Intergovernmental Revenues
111,569,000
25,072,752
105,747,000
(5,822,000)
Licenses and Permits
87,898,000
37,033,942
105,060,000
17,162,000
Other Revenues (Inflows)
5,772,000
1,986,873
6,638,000
866,000
Charges for Services
132,737,000
44,390,659
142,123,000
9,386,000
Total
$ 1,043,066,000
$ 519,673,191
$ 1,071,571,000
$ 28,505,000
Submitted into the public
record for item(s) BU.1 ,
on 01/25/2024 . City Clerk
General Fund - Expenditures
FY 2023-24
Amended Budget
FY 2023-24
Year -to -Date Actual
FY 2023-24
Year -End Projection
YE Projection
to Budget
Personnel
$ 757,779,000
$ 294,348,111
$ 758,892,00
$ (1,113,000)
Operating Expense
188,135,000
140,325,969
182,993,000
5,142,000
Capital Outlay
892,000
142,143
1,120,000
(228,000)
Non -Operating Expenses
9,665,000
3,052,918
6,202,000
3,463,000
Transfers - Out
86,595,000
(59)
97,354,000
(10,759,000)
Total
$ 1,043,066,000
$ 437,869,082
$ 1,046,561,000
$ (3,495,000)
Submitted into the public
record for item(s) BU.1 ,
on 01/25/2024 . City Clerk
Internal Service Fund
FY 2023-24
Amended Budget
FY 2023-24
Year -to -Date Actual
FY 2023-24
Year -End Projection
YE Projection
to Budget
Revenues:
Licenses and Permits
Other Revenues (Inflows)
Charges for Services
Total
$
112,870,000
46,000
$ 112,916,000
$
$
108,272,774
115,387,000
12,346
93,000
$ 108,285,120
$ 115,480,000
$
2,517,000
47,000
$ 2,564,000
Expenditures:
Innovation Technology
Risk Management
Total
Revenues Over/(Under) Expenditures
16,161, 000
96,755,000
$ 112,916,000
$
3,607,786
16,161, 000
23,484,210
95,467,000
$ 27,091,996
$ 111,628,000
$ 81,193,124 $ 3,852,000
0
1,288,000
$ 1,288,000
Submitted into the public
record for item(s) BU.1
on 01/25/2024 . City Clerk
ITEM
AMOUNT
Projected Revenues
1,071,571,000
Projected Expenditures
1,046,561,000
Revenues Over/(Under)
Expenditures
25,010,000
Internal Service Net Year -End
Surplus/(Deficit)
3,852,000
Net Year -End All Funds
(Surplus/(Deficit)
28,862,000
Net Year -End Building Fund
(Reserve)
12,946,000
Net Year -End General Fund*
15,916,000
* Includes $5 million of Contingency Reserve and $12.529
million reserve for upcoming obligations
Submitted into the public
record for item(s) BU.1
on 01/25/2024 . City Clerk
Thank You!