07-27-2022 Council Packet - Laserfiche WebLink

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 Liquor license revenue in line with budget at 95.93 % in 2022 vs 44.58% in 2021. 2021 reflects the reduction in fees that were granted to acknowledge the loss of sales that these establishments experienced during the pandemic.  Building permit revenues collected 76.76% to budget, primarily relating to commercial permits issued within the quarter as noted above. Permit revenue collections can fluctuate due to timing and number of projects.  The Old Fire Hall rentals and park shelter rentals are in the charges for services category. These rentals are producing a larger percentage of budget collected in the first quarter in 2022 when compared to first quarter 2021 due to the ability to rent facilities as pandemic restrictions decreased. Further, the lower shelter at Spooner Park was closed for construction in 2021 and reopened in June of 2022.  Revenue from fines are comparable with 2021.  Investment income trends low due to the low interest rate environment experienced during the pandemic. We are seeing higher interest rates and it is expected that interest earning will start to pick in future with new investment purchases at higher yields. Note that actual interest to date is $60,911.73. The balance is recorded in fund 802 - Investment fund, and it will be allocated at year end based on cash balances within the funds. It is expected that the general fund allocation to be in line with budget. General Fund Expenditures As of June 30th, actual expenditures are at 48.22% of the budget comparable with prior years. Highlights:  The Elections department includes the first and second quarter elections services contract payments, and annual election maintenance payment to Ramsey County. 48.47%48.06%46.21% 46.46% 48.22% 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 80.00% 90.00% 100.00% 2018 2019 2020 2021 2022 % of Expenditures to Budget