By Pauline Testagrose
City of Fernandina Beach Comptroller
January 19, 2022

Comptroller Pauline Testagrose

[Comptroller Testagrose delivered this report at the January 18, 2022 Fernandina Beach City Commission regular meeting.]

FEMA:  The City has received $856,000 from the state of Florida as part of the FEMA reimbursement for damages to the Marina caused by Hurricane Matthew in 2016.  The larger reimbursement from FEMA is being processed and should be received soon.

Overall: This is the third report for the fiscal year 2021/2022 and December represents 25.0% or one quarter of the budgeted fiscal year. All revenue and various grant revenues have been accrued for the month of December. All recurring expenses have been recorded. Annual maintenance and service contracts have been paid. Finance will monitor expenses and prepare budget amendments to ensure budgeted amounts are not exceeded on a line-by-line basis.

General Fund: (001)
Total General Fund revenues are at 62.7% of the annual budget. This is due to Property Taxes and Local Business Tax receipts. Year-to-date Property Tax receipts are $10.4 million dollars or 88.8% of the budget. Local Business Taxes are paid annually and recorded in October. Specific revenue sources we are tracking are detailed below.

General Fund expenses are at 19.6% of the budget. Currently the departments over the 8.3% mark are: City Commission, City Clerk, Finance, Information Technology, City Attorney and Non-departmental. This is primarily due to the payments of annual maintenance and consulting contracts.

Special Revenue Funds: (100 – 190)
As was anticipated, Revenues plus Cash Balance Forward exceed Expenditures for all Special Revenue funds.

Capital Improvement Funds: (300 – 330)
The Capital Improvement Fund – 300, a debt service payment was made in October on the Fire Truck. Payments have been made for Beach Monitoring and Reporting and purchase orders have been issued for the Tyler Executime Payroll system, police equipment and a Skid Steer for Streets.

Golf Course: (410)
The Golf system report segregates Golf Operations, Top Tracer, Pro Shop and Food and Beverage. Separate skews were added along with associated costs to track the items sold for Top Tracer. The December revised budget represents staff’s latest estimate of both revenues and expenses by cost center. Membership revenue is $44,239 or 48.7% higher than last year.

Airport: (420)
Revenues exceeded expenses primarily due to rent and lease payments.

Sanitation: (440)
Revenues exceeded expenses for December. This is due to the timing of Sanitation Services expenses.

Wastewater: (450)
As anticipated in the budget, expenses exceed revenue for December. Wastewater Charges are higher this November versus last fiscal year by $34,031 or 2.5%.

Water: (460)
Revenues exceed expenses for December. Water Charges revenue is higher this fiscal year versus last fiscal year by $56,306 or 5.6%.

Stormwater: (470)
Expenses exceed revenue for December. This is due to contractual and operating expenses.

Marina: (480)
Revenues exceed expenses for December. The net contribution after eliminating the transfer from the General Fund is $208,523. This is primarily due to Fuel Sales and Transient Slip rental.

Fleet: (510)
Revenues exceed expenses for December. This fund is meant to be self-supporting.

Utility Billing and Utility Administration: (520 – 530)
It is anticipated in the budget, that Revenues plus Cash Balance Forward exceeds Expenditures in Utility Billing and Utility Administration.

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Alan Prescott
Alan Prescott (@guest_63625)
8 months ago

What you fail to mention is the reason why the Top Tracer operation spreadsheet is a separate source on the report. Is it due to financial mismanagement from the start, which tends to expose the incompetence of the Mayor as well as the former Golf Course Manager *Steve)? Your new accounting system doesn’t correct the inconsistencies in reporting. For example, you report an increase of 48% over last year. You DON’T discuss if Top Tracer showed a profit or a loss. It’s another example of cooking the books. How can you keep on fudging figures and pull the wool over the eyes of BOTH the residents and the visitors?

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