Fernandina Beach Monthly Budget Report: November 2021

By Pauline Testagrose
City of Fernandina Beach Comptroller
December 21, 2021

Comptroller Pauline Testagrose

[Comptroller Testagrose delivered this report at the December 21, 2021 Fernandina Beach City Commission regular meeting.]

Overall: This is the second report for the fiscal year 2021/2022. November represents 16.7% of the budgeted fiscal year. All revenue and various grant revenues have been accrued for the month of November. 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. Reports comparing current YTD to prior year YTD are also available.

General Fund: (001)
Total General Fund revenues are at 19.3% of the annual budget. This is due to Property Taxes and Local Business Tax receipts. Year-to-date Property Tax receipts are $3.2 million dollars or 20.7% of the budget. This is when the largest discount (4%) can be realized by a property owner, if the taxes are paid before the due date. Local Business Taxes are paid annually and recorded in October. Specific revenue sources we are tracking are detailed below.

General Fund expenses are at 11.6% of the budget. Currently the departments over the 8.3% mark are: City Clerk, Finance, 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. Staff reviewed the budget and made changes to re-allocate the budget to each cost center correctly. This will be reflected in the December report. Membership revenue is $38,374 or 44.5% higher than last year.

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

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

Wastewater: (450)
Revenues exceed expenses for November. Wastewater Charges are higher this November versus last fiscal year by $31,352 or 3.5%.

Water: (460)
Revenues exceed expenses for November. Water Charges revenue is higher this fiscal year
versus last fiscal year by $51,216 or 7.6%.

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

Marina: (480)
Revenues exceed expenses for November. The net contribution after eliminating the transfer from the General Fund is $128,685. This is primarily due to Fuel Sales.

Fleet: (510)
Revenues exceed expenses for November. 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.