09-2019 General Fund Budget Variances as of 9-30-19FYE 2019 General Fund Key Favorable Budget VariancesDescription Budget ActualVariance CommentAd-Valorem 15,941,051 16,185,283 244,232 Budgeted @ 95%Building Department (permits, etc.) 1,083,400 1,671,576 588,176 increase in activityFPL Franchise Fee 847,517 965,047 117,530 was Budgeted based on trendFEMA Reimbursement 72,146 72,146 not budgetary; revenue recorded when funds are receivedInvestment Income 95,530 573,095 477,565 investment policy revised to include FEITF as a Short-Term investment; over 90% of Ad-Valorem Revenue received in first 6 months of fiscal year; staff spread cash based on anticipated need throughout the fiscal year; $200k is "unrealized" gain/loss at year-end Miscellaneous - Sale of Surplus - 256,708 256,708 not budgetary; revenue recorded when funds are receivedMiscellaneous - Insurance Refunds - 181,692 181,692 not budgetary; revenue recorded when funds are receivedAdditional revenue $$ received (unbudgeted items, etc.) 1,938,049 Departmental Budget Savings 24,964,234 24,848,561 115,673 99.55% of total department budget (incl FYE Open PO's)Total w/ Department Budget Savings 2,053,721