Page 82 - Budget FY 2022-2023 - Update

City of McAllen, Texas Adopted Budget 2023

2022-2023 Summary of Major
Revenues & Expenditures and Fund Balances

GENERAL FUND SPECIAL REVENUE FUNDS
Adj. Adj.
Actual Budget Estimated Budget Actual Budget Estimated Budget
20-21 21-22 21-22 22-23 20-21 21-22 21-22 22-23
FINANCING SOURCES
Ad Valorem Taxes $ 46,126,857 $ 48,294,215 $ 48,416,732 $ 52,296,099 $ - $ - $ - $ -
Penalty & Interest Property Taxes 1,166,071 1,083,165 1,114,817 1,137,113 - - - -
Sales Taxes 59,070,890 66,855,792 66,855,792 67,470,676 19,690,295 21,930,885 21,930,885 21,550,714
Franchise Taxes 6,278,905 6,057,000 6,369,992 6,182,000 217,249 222,816 222,816 222,816
Hotel Taxes - - - - 4,178,181 3,614,815 4,687,601 4,643,372
Licenses and Permits 2,642,610 2,570,234 2,463,440 2,540,452 10,926 15,000 16,761 15,000
Intergovernmental Revenues 1,444,949 914,691 981,813 937,652 22,754,837 23,115,552 22,532,152 4,713,242
Charges for Services 5,337,981 4,934,211 5,169,755 5,552,694 3,360,318 3,022,500 3,336,816 3,209,500
Contributions - - - - 1,845,970 - 150,000 -
Fines and Forfeitures 991,653 960,029 978,968 875,005 33,601 140,000 111,321 140,000
Miscellaneous 2,492,203 973,409 1,151,550 801,458 1,205,661 2,446,750 1,008,822 1,209,900
Interest 462,683 325,828 325,826 350,000 69,459 92,341 70,741 83,606
Rentals 68,284 5,500 78,025 82,025 8,775 5,000 8,925 5,000
Sale of Property 123,592 5,000 50,000 50,000 - - - -
Debt/Loan Proceed - - - - 4,400,000 - - -
Total Revenues 126,206,678 132,979,074 133,956,710 138,275,174 57,775,268 54,605,659 54,076,841 35,793,150
Transfers from other funds 24,997,486 20,211,693 20,211,693 6,863,814 5,967,373 3,114,137 3,148,141 2,025,868
Total Financing Sources $ 151,204,164 $ 153,190,767 $ 154,168,403 $ 145,138,988 $ 63,742,641 $ 57,719,796 $ 57,224,981 $ 37,819,018

FINANCIAL USES:
Salaries and Wages 66,455,842 72,711,630 70,243,105 74,296,218 1,180,192 1,056,076 914,135 1,080,883
Employee Benefits 19,359,699 20,779,949 21,889,484 22,334,110 135,592 201,368 156,952 203,602
Supplies 2,229,526 2,212,051 2,074,942 2,235,051 36,961 47,368 53,364 47,368
Other Services and Charges 17,641,858 17,442,302 17,523,871 18,887,971 16,476,651 16,388,932 17,182,476 20,370,759
Maintenance 9,519,827 10,581,825 10,623,681 11,058,958 32,085 42,453 62,288 40,960
Capital Outlay 685,154 2,552,404 1,742,139 2,697,718 4,856,692 27,311,822 8,278,529 27,405,188
Debt Service 508,174 263,174 263,174 263,174 4,875 4,875 4,875 4,875
Total Expenditures/Expenses 116,400,081 126,543,335 124,360,396 131,773,200 22,723,045 45,052,894 26,652,619 49,153,635

Extraordinary Expense/Loan Payback - - - - - - - -
Transfers to other funds 37,436,500 29,026,366 29,060,370 7,807,084 28,634,925 23,367,662 22,129,977 7,700,414
Total Financial Uses $ 153,836,581 $ 155,569,701 $ 153,420,762 $ 139,580,285 $ 51,357,970 $ 68,420,556 $ 48,782,596 $ 56,854,049
Revenue over/under Expenditures (2,632,418) (2,378,934) 747,641 5,558,704 12,384,671 (10,700,760) 8,442,385 (19,035,031)

FUND BALANCES/WORKING CAPITAL
Unassigned Fund Balances/Unrestricted - - - - - - - -
Working Capital Beginning of Year 75,232,267 63,927,013 72,233,751 72,981,391 17,358,036 29,515,836 29,742,707 38,185,092

Other Items Affecting Working Capital (366,096) - - - - - - -
Unassigned Fund Balances/Unrestricted
Working Capital End of Year $ 72,233,751 $ 61,548,079 $ 72,981,391 $ 78,540,095 $ 29,742,707 $ 18,815,076 $ 38,185,092 $ 19,150,059
1� Special Revenue Funds:
Hotel Occupancy Tax Fund
Venue Tax Fund
Development Corporation Fund
EB-5 Fund
Parkland 1,2 & 3 Funds
Public, Educational, & Governmental (PEG) Fund
Friends of Quinta
Community Development Block Grant
Police Department Seized Fund
Downtown Services Parking Fund
Drainage Fee Fund
Christmas Parade Fund
TIRZ #1 & 2A
American Rescue Plan Fund
McAllen Marketing
City Special Events

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