Ord 2001-087 - Laserfiche WebLink

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224. Exhibit 1 City of San Marcos Fiscal Year 2000/2001 Budget Amendment Approved by Ordinance No. Fund Account Name Current Budqet/Balance Affect of this Action Amended Budqet/Balance General Fund 100.190.52144 Power & Light-Activity Center $ 52,576 $ 22,809 $ 75,385 100.190.52147 Power & Light-Police 110,000 19,585 129,585 100.000.35100 Fund Balance 5,741,095 <42,394> 5,698,701 Hotel Occupancy Tax Fund 110.300.55100 Tourist Development 466,828 98,976 565,804 110.000.35100 Fund Balance 272,461 <98,976> 173,485 Electric Utility Fund 650.233.52000 Purchase of Power 19,365,689 2,251,166 21,616,855 650.240.54970 Franchise Fee 2,212,853 280,164 2,493,017 650.000.35100 Fund Balance 10,575,085 <2,531,330> 8,043,755 Description: General Fund - The Power and Light accounts exceeded appropriations. A budget increase from Fund Balance is needed to cover the overrun. Overall, actual expenditures for the General Fund were far below budget. However, with respect to the Special Services Division, actual expenditures did exceed the budget. Hotel Occupancy Tax Fund - The Hotel Occupancy Tax appropriation to the Convention and Visitor's Bureau is based on a percentage of actual revenue collected. As collections increase, so does the appropriation. This year's revenue collection exceeded estimates. Likewise, the appropriation exceeded expense estimates, which were based on a percentage of estimated revenue collections. Electric Utility Fund - The Franchise Fee to the General Fund is based on a percentage of gross revenue. As revenue increases, so does the Franchise Fee. This year's gross revenue exceeded estimates. Likewise, the Franchise Fee exceeded budget appropriations, which were based on a percentage of gross revenue. The Purchase of Power account exceeded the budget as well. The overrun correlates to the excess revenues collected over budget.