PSL on the Pulse (03/07/25) Vol. 9 Issue 3 | Page 35

Procurement division earns award for excellence for 22nd year
The Office of Management and Budget is proud to announce that the Procurement Division has earned the Florida Association of Public Procurement Officials , Inc . ( FAPPO ) Excellence in Public Procurement & Best Practices Awards Program for 2025 .
The award recognizes excellence in public procurement of those organizations that obtain a high score on a rating of standardized criteria . The program is designed to measure innovation , professionalism , e-procurement , productivity and leadership attributes of the procurement function .
The City belongs to an exclusive group of procurement organizations , with more than 300 agencies throughout Florida . The City is one of only 25 agencies to win this award and the Procurement Division has won this annual award for 22 consecutive years !
CITY OF PORT ST . LUCIE , FLORIDA STATEMENT OF REVENUE AND EXPENDITURES QUARTERLY REPORT - FY2025 , 1st QUARTER ending December 31 , 2024 SUMMARY OF REVENUES ALL FUNDS
FUND TYPE
FY 2025 ADOPTED BUDGET
1st QUARTER ACTUAL
% ( Actual / Budget )
General Fund
$
207,460,424
$
92,872,765
44.77 %
Road & Bridge Fund
21,643,406
9,711,366
44.87 %
Solid Waste Operating Fund
3,617,602
585,072
16.17 %
Building Fund
18,399,136
3,996,474
21.72 %
Stormwater Fund
41,152,373
30,280,040
73.58 %
Utility System Fund
128,448,625
30,648,721
23.86 %
Golf Course Fund
3,104,046
543,788
17.52 %
Medical Insurance Fund
35,160,650
7,962,182
22.65 %
Other Funds
392,055,755
157,137,438
40.08 %
TOTAL
$
851,042,017
$
333,737,846
39.22 %
SUMMARY OF EXPENDITURES ALL FUNDS
FUND TYPE
FY 2025 ADOPTED BUDGET
1st QUARTER ACTUAL
% ( Actual / Budget )
General Fund
$
207,460,424
$
39,153,226
18.87 %
Road & Bridge Fund
21,643,406
3,541,820
16.36 %
Solid Waste Operating Fund
3,617,602
342,367
9.46 %
Building Fund
18,399,136
2,326,775
12.65 %
Stormwater Fund
41,152,373
3,700,130
8.99 %
Utility System Fund
128,448,625
23,079,057
17.97 %
Golf Course Fund
3,104,046
557,029
17.95 %
Medical Insurance Fund
35,160,650
3,525,298
10.03 %
Other Funds
395,673,355
124,578,254
31.49 %
TOTAL
$
854,659,617
$
200,803,956
23.50 %
FY 25 PERFORMANCE AT A GLANCE
1st QUARTER COMPARED TO TARGET OF 25 %
FUND DASHBOARD
FUND TYPE
REVENUES
EXPENDITURES
General Fund
Revenues and Expenses are within the budget .
Road & Bridge Fund
Revenues and Expenses are within the budget .
Solid Waste Operating Fund
Revenues are trending slightly less than budget . Expenses are within budget .
Building Fund
Revenues are trending slighly less than budget . Expenses are within the budget .
Stormwater Fund
Revenues and Expenses are within the budget .
Utility System Fund
Revenues are at target , while Expenses are within the budget .
Golf Course Fund
Revenues are trending slightly less than budget . Expenses are within budget .
Medical Insurance Fund
Revenues are at target while expense are within budget .
Above ( Revenue )/ Below ( Expenses ) Target At Target Above ( Expenses )/ Below ( Revenues ) Target
REPORT LEGEND
1st Quarter Financials
The Office of Management and Budget regularly monitors all City financial activities . Staff recently completed a review of revenues and expenditures for the first quarter of FY 2024-25 , ending Dec . 31 , 2024 . The chart below provides a summary of first quarter actuals compared to the adopted budget .
PSL
ON THE
PULSE www . CityofPSL . com / Budget
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