HomeMy WebLinkAbout2025 - General Fund Status Report FY2025 Q3
1
General Fund Status Report – FY 2025 3rd Quarter
General Fund Summary
For FY25, the City adopted a budget of $165.2 million in total revenue including transfers and
$165.4 million in total expenditures. After carrying over human services and Charter
Commission funds from FY24 and the debt elimination plan approved by Council, the total
budget is now $174.1M.
The City is currently projected to end FY25 with $22.8 million in unrestricted fund balance,
equal to 14.2% of budgeted expenditures in compliance with City budget policies.
The administration continues to monitor expenditures and seek necessary savings to maintain
vital services while also making strategic investments to grow the City’s economy and
strengthen the quality of life for residents, workers, business owners, and visitors.
The general fund budget report is presented in several formats for informational value as
follows. After a separate revenue summary, the City’s general fund is presented as formally
adopted in appropriation detail showing personnel vs. operating expenditures.
Revenue Summary
General Fund revenue collected through the third quarter of fiscal year 2024-2025 were over
$119.6M, 68.7%% of the budget.
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
120.0%
Revenue YTD
2
Property Taxes (32.6% of GF revenue budget) are largely recognized at the beginning of
the fiscal year. They were initially estimated to be $53.9M.
Income Tax (25.8% of GF revenue budget) collections were $27.2M (63.6% of its
budgeted $42.7M).
Licenses and Permits (1.1% of GF revenue budget) are estimated to be $1.85M. The
City has received 49.2% of the budgeted amount.
State Grants (15.6% of GF revenue budget) are budgeted to be $25.8M in revenue.
Quarter 3 YTD is 57.9% of its budget.
Return on Equity (ROE) (16.8% of GF revenue budget) represents payment to the City
from the Board of Water & Light (BWL). The contract is 6% of budget and we will receive
the full payment budgeted by BWL according to quarterly budget allotments which are
on track with the current payment schedule.
Charges for Services (6.2% of GF revenue budget) are trending slightly above the three-
year average for the third quarter.
Fines and Forfeitures (1% of GF revenue budget) are budgeted to be about $1.6M.
Quarter-to-date, revenue is almost $874K.
Interest and Rents (0.4% of GF revenue budget) are budgeted to be $660,000 in FY25.
We have received 101% of our budgeted amount.
Other Revenues (0.2% of GF revenue budget) are a very small percentage of the
General Fund budget and above the three-year average.
3
Expenditure Summary
General Fund expenditures are on track across departments and non-departmental uses, with
variation due to the timing of particular expenditures and transfers.
City Clerk
Higher expenditure percentage due to the November election.
Finance
Higher expenditure percentage due to the annual audit.
Human Resources
Higher expenditure percentage due to having more staff than previous years.
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
Co
u
n
c
i
l
In
t
e
r
n
a
l
A
u
d
i
t
o
r
Co
u
r
t
s
Ma
y
o
r
'
s
O
f
f
i
c
e
Me
d
i
a
C
e
n
t
e
r
Cl
e
r
k
'
s
O
f
f
i
c
e
Ne
i
g
h
b
o
r
h
o
o
d
&
…
Ec
o
n
o
m
i
c
…
Fi
n
a
n
c
e
As
s
e
s
s
i
n
g
Tr
e
a
s
u
r
y
Hu
m
a
n
R
e
s
o
u
r
c
e
s
At
t
o
r
n
e
y
'
s
O
f
f
i
c
e
Po
l
i
c
e
Fi
r
e
Pu
b
l
i
c
S
e
r
v
i
c
e
Hu
m
a
n
R
e
l
a
t
i
o
n
s
&
…
Pa
r
k
s
&
R
e
c
r
e
a
t
i
o
n
Hu
m
a
n
S
e
r
v
i
c
e
s
Ci
t
y
S
u
p
p
o
r
t
e
d
…
Ci
t
y
R
e
c
o
g
n
i
t
i
o
n
s
Expenditure YTD
FY 2025
Adopted
Budget
FY 2025
Amended
Budget
FY 2025
Q3 YTD
FY25 Q3
Percent YTD
3 Year Q3
Percent
Average
Property Taxes
Non-Dedicated 40,375,000 40,375,000 40,574,184
Dedicated - Police 4,065,000 4,065,000 4,065,000
Dedicated - Fire 4,065,000 4,065,000 4,065,000
Dedicated - Roads 2,710,000 2,710,000 2,710,000
Dedicated - Parks 2,710,000 2,710,000 2,710,000
Total 53,925,000 53,925,000 54,124,184 100.4%97.5%
Income Taxes
City Income Tax 42,750,000 42,750,000 27,208,376
Total 42,750,000 42,750,000 27,208,376 63.6%64.6%
Licenses & Permits
Business Licenses 101,880 101,880 89,823
Cable Franchise Fees 900,000 900,000 365,154
Medical Marijuana Licenses 800,000 800,000 430,000
Non-Business Licenses 25,120 25,120 14,156
Buildings Licenses & Permits 23,000 23,000 10,897
Total 1,850,000 1,850,000 910,029 49.2%64.3%
State Grants
Public Safety 2,500,000 2,500,000 2,493,745
Other State Grants 1,475,000 1,475,000 1,453,846
Reimbursements 1,800,000 1,800,000 543,487
Revenue Sharing 19,075,000 18,575,000 9,419,812
Capital City Allocation 1,000,000 1,000,000 755,724
Total 25,850,000 25,350,000 14,666,614 57.9%63.4%
Return on Equity
Board of Water and Light 27,500,000 28,000,000 13,029,606
Sewage Disposal System 300,000 300,000 -
Total 27,800,000 28,300,000 13,029,606 46.0%50.4%
General Fund Revenues
FY2025 Q3 YTD
January 1, 2025 - March 31, 2025
FY 2025
Adopted
Budget
FY 2025
Amended
Budget
FY 2025
Q3 YTD
FY25 Q3
Percent YTD
3 Year Q3
Percent
Average
General Fund Revenues
FY2025 Q3 YTD
January 1, 2025 - March 31, 2025
Charges for Services
Fees 89,700 89,700 38,615
Services Rendered 1,800,700 1,800,700 1,840,713
Building Inspection Fees 2,125,000 2,125,000 3,213,877
Services To Others 54,400 54,400 58,724
Central Stores/Notary 2,000 2,000 125
Public Safety Services 163,800 163,800 123,752
Ambulance Transport Fees 5,450,000 5,450,000 2,755,769
Sales 2,200 2,200 1,360
Use & Admission Fees 617,200 617,200 494,302
Total 10,305,000 10,305,000 8,527,236 82.7%79.3%
Fines & Forfeitures
Fines & Forfeitures 1,576,000 1,576,000 873,716
Total 1,576,000 1,576,000 873,716 55.4%57.7%
Interest & Rent
Interest Income 445,000 445,000 453,923
Rental Income 215,000 215,000 213,371
Total 660,000 660,000 667,294 101.1%128.5%
Other Revenue
Donations & Contributions 131,500 131,500 75,116
Miscellaneous 157,500 157,500 99,922
Sale of Capital Assets 120,000 120,000 201,577
Total 409,000 409,000 376,615 92.1%81.9%
Interfund Transfers In
Interfund Transfers In 100,000 100,000 100,000
Total 100,000 100,000 100,000 100.0%0.0%
Use of Fund Balance
Fund Balance 175,000 8,836,133 -
Total 175,000 8,836,133 -
Total General Fund Revenues 165,400,000 174,061,133 120,383,669 69.2%73.7%
Appropriations
FY2025
Adopted
Budget
FY2025
Amended
Budget
FY 2025
Q3 YTD
FY25 Q3
Percent
YTD
3 Year
Q3 Percent
Average
Council
Personnel 541,858 541,858 410,269
Operating 193,843 221,612 97,237
Total 735,701 763,470 507,506 66.5%65.4%
Internal Auditor
Personnel 195,192 195,192 125,316
Operating 8,159 8,159 5,063
Total 203,351 203,351 130,379 64.1%56.2%
Courts
Personnel 4,823,927 4,823,927 3,377,527
Operating 1,494,273 1,494,273 734,521
Total 6,318,200 6,318,200 4,112,047 65.1%67.1%
Mayor's Office
Personnel 1,034,509 1,034,509 771,262
Operating 282,089 282,089 176,977
Total 1,316,598 1,316,598 948,239 72.0%70.4%
Media Center
Personnel 651,522 651,522 464,836
Operating 76,009 90,017 65,245
Total 727,531 741,539 530,081 71.5%66.0%
Clerk's Office
Personnel 1,152,251 1,152,251 962,398
Operating 801,810 801,810 485,771
Total 1,954,061 1,954,061 1,448,169 74.1%68.2%
Neighborhood & Citizen Engagement
Personnel 1,094,223 521,226 408,410
Operating 608,913 413,178 78,582
Total 1,703,136 934,404 486,992 52.1%61.6%
Economic Development & Planning
Personnel 3,883,414 4,456,411 3,076,571
Operating 2,760,027 2,955,762 2,617,487
Total 6,643,441 7,412,173 5,694,058 76.8%73.4%
Finance
Personnel 1,578,106 1,578,106 1,223,783
Operating 532,454 532,454 485,187
Total 2,110,560 2,110,560 1,708,969 81.0%71.3%
Assessing
Personnel 1,521,803 1,521,803 868,457
Operating 233,461 233,461 120,582
Total 1,755,264 1,755,264 989,038 56.3%57.2%
Treasury
Personnel 1,997,312 1,997,312 1,457,011
Operating 900,488 900,488 627,003
Total 2,897,800 2,897,800 2,084,013 71.9%67.3%
Human Resources
Personnel 1,847,163 1,847,163 1,337,412
Operating 679,126 679,126 428,527
Total 2,526,289 2,526,289 1,765,939 69.9%56.2%
General Fund Expenditures
FY2025 Q3 YTD
July 1, 2024 - March 31, 2025
Appropriations
FY2025
Adopted
Budget
FY2025
Amended
Budget
FY 2025
Q3 YTD
FY25 Q3
Percent
YTD
3 Year
Q3 Percent
Average
General Fund Expenditures
FY2025 Q3 YTD
July 1, 2024 - March 31, 2025
Attorney's Office
Personnel 2,407,024 2,407,024 1,580,630
Operating 300,998 300,998 198,395
Total 2,708,022 2,708,022 1,779,025 65.7%64.4%
Police
Personnel 47,833,586 47,833,586 35,117,255
Operating 9,284,341 9,284,341 6,737,147
Total 57,117,927 57,117,927 41,854,402 73.3%70.5%
Fire
Personnel 37,119,450 37,119,450 28,621,679
Operating 6,098,360 6,098,360 4,745,272
Total 43,217,810 43,217,810 33,366,951 77.2%71.7%
Public Service
Personnel 3,182,612 3,182,612 2,228,964
Operating 9,826,092 9,826,092 7,098,902
Total 13,008,704 13,008,704 9,327,866 71.7%67.1%
Human Relations & Community Service
Personnel 1,832,040 1,832,040 1,276,018
Operating 248,553 315,235 188,292
Total 2,080,593 2,147,275 1,464,309 68.2%61.8%
Parks & Recreation
Personnel 5,675,739 5,675,739 3,885,124
Operating 3,428,336 3,428,336 2,820,720
Total 9,104,075 9,104,075 6,705,845 73.7%64.7%
Human Services
Operating 2,235,000 3,719,414 2,262,419
Total 2,235,000 3,719,414 2,262,419 60.8%62.7%
City Supported Agencies
Operating 537,500 1,115,760 340,856
Total 537,500 1,115,760 340,856 30.5%29.6%
City Recognitions
Operating 10,000 10,000 2,919
Total 10,000 10,000 2,919 29.2%0.0%
Non-Departmental
Vacancy Factor (1,500,000) (1,500,000) - 0.0%0.0%
South Lansing Distric Library 145,000 145,000 127,064 87.6%83.0%
Deficit Elimination Plan Transfer - 6,490,000 6,490,000 100.0%
Debt Service 1,346,312 1,346,312 19,630 1.5%17.7%
Net Transfers 6,497,125 6,497,125 6,497,125 100.0%100.0%
Total 6,488,437 12,978,437 13,133,819 101.2%50.2%
General Fund Total Expenditures 165,400,000 174,061,133 130,643,843 75.1%70.6%
Beginning Unrestricted Fund Balance 31,648,795 31,648,795
Due to Other Funds (6,490,000) (6,490,000)
Human Services/Charter Commission (2,157,125) (2,157,125)
Gun Violence Prevention/Council Carryforwards (175,000) (189,008)
Ending Unrestricted Fund Balance 22,826,670 22,826,670
Percent of Operating Expenditures 14.4% 14.2%