CITY OF PALM DESERT, CALIFORNIA Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual New Construction Tax For the Year Ended June 30, 2025
Budget AmountsActual AmountsVariance with Final Budget Positive (Negative)
REVENUESOriginalFinal
Taxes$ 650,302$ 150,302$ 164,382$ 14,080
Investment earnings63,70063,70098,96935,269
Total revenues714,002214,002263,35149,349
EXPENDITURES
Capital outlay-494,500329,927164,573
Total expenditures-494,500329,927164,573
Net change in fund balance$ 714,002$ (280,498)(66,576)$ 213,922
Fund balance-beginning1,933,627
Fund balances-ending$ 1,867,051