City Manager’s Quarterly Report
To: Mayor and City Council
From: Robert Ranc, City Manager
August 16, 2024
SECTION 1
FINANCIAL SUMMARY
GENERAL FUND
Revenues
General Fund revenues total $50,023,560 through June 30, 2024. This represents an increase of
from revenue earned in the preceding year. Revenue increases are due to growth in population and steady development activities as well as prolonged high interest rates for interest income. Grants revenue decreased due to the SAFER grant not being awarded to Celina in FY 2024.
The table below provides a summary of total General Fund revenues as of June 30th:
The table below provides a comparison between FY 2023 and FY 2024 Activity:
GENERAL FUND
Expenditures for General Fund were $29,192,324 through June 30, 2024. This is an increase of $5,597,520 or 23.7%.
Water & Wastewater Fund
Revenues
Operating revenues for the Water & Wastewater Fund through June 30, 2024 were $32,154,112, which is an increase of $7,813,601 or 32.1%. The increase is due to new utility accounts, increased connection fees from development, and high interest rates for investment income.
The table below provides a summary of total Water/Wastewater revenues as of June 30th:
The table below provides a breakdown of Charges for Services:
Water/Wastewater Fund
Expenditures
Water and Wastewater expenditures through June 30, 2024 are $16,854,694 which is $3,956,918 or 19.0% less than FY 2023. The reduction is due to FY 2023 one-time capital project expenses for the Legacy Hills Reclamation Facility, which was partially funded through a developer contribution. Excluding Capital Improvement Projects, fund expenditures have increased $3,418,816 or 26.2% due to increased development and customer accounts.
The table below provides a comparison of expenditures in FY 2023 and FY 2024:
General Fund - Schedule of Revenues Budget vs. Actuals
3rd Quarter 2024
General Fund - Schedule of Expenditures Budget vs. Actuals
Water/Wastewater Fund - Schedule of Revenues Budget vs. Actuals
SECTION 2 CAPITAL IMPROVEMENT PROJECTS
