CITY OF MIAMI INTER-OFFICE MEMORANDUM. TO: Honorable Mayor and Members DATE: June 22, 2017 of the City Commission

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1 INTER-OFFICE MEMORANDUM TO: Honorable Mayor and Members DATE: June 22, 2017 of the City Commission FROM: Christopher Rose, Director SUBJECT: FY End-of-Year Office of Management and Projections based on May Revenues and Expenditures The books for the month of May closed on June 9, If revenues and expenditures were evenly spread throughout the year, we could expect to see about 66.7 percent of the budgeted expenditures utilized or budgeted revenues achieved for the first eight months of operation. Please refer to the attached revenue, expenditure, and internal service fund details. Please note, as always, that the 66.7 percent is only a guide, most revenue and expenditure categories do not follow a linear pattern. After reviewing the anticipated revenues and expenditures for the first eight months of the fiscal year, we project that the net end-of-year surplus will be $21.6 million (approximately $23.3 million in the General Fund reduced by a projected deficit of $1.7 million in the Internal Service Fund). This includes projections of all expenditures included in the Mid-Year Amendment, recent risk management expenditures approved by the State Legislature, reimbursements of deficits in special revenue accounts to be included in the Year-End Amendment, and funding from the General Fund for the purchase of land at 13 NW 6 Street also to be included in the Year-End Amendment and then reimbursed at a later date, but does not include negotiations with any collective bargaining units. This month s projection is approximately $3.3 million lower than the projection last month and represents a variance of 2.9 percent from the adopted General Fund and Internal Service fund. Most notably, though, is that $18.0 million of this projected surplus is directly attributable to Building revenues (the net difference of revenues minus expenses compared to what had been budgeted). As has been noted in prior reports, the projected surplus attributed to Building revenues cannot be spent on anything other than Building expenses. Therefore, when this $18 million is combined with the $5 million Reserve required, the City is projected to not meet the requirements of the Financial Integrity Principles. We are projecting General Fund revenues to be higher than the amended budget by approximately $9.5 million and expenditures to be higher than budgeted by approximately $13.8 million. Overall revenues received year-to-date in the General Fund through May

2 Page 2 of 2 FY End-of-Year Projections based on May Revenues and Expenditures June 22, 2017 ($533.8 million) were $44.3 million higher than through the same period last year ($489.5 million). At 66.7 percent through the year, approximately 79.0 percent of budgeted general fund revenues have actually been collected. Overall year-to-date expenditures in the General Fund through May ($435.5 million) were $26.1 million higher than through the same period last year ($409.4 million). At 66.7 percent through the year, approximately 64.4 percent of budgeted general fund expenditures have occurred. Significant variances of revenues and expenditures include: Property Tax projections continue to be about $9.9 million below budget, primarily due to the timing of delinquent tax collections and (to a lesser degree) the decisions of the Value Adjustment Board. While the deficit is larger than the deficit observed last year, this is not unexpected. Licenses and Permits are projected to be $10.8 million higher than budgeted due to the continued strong performance of Building Department Permits ($8.9 million higher than budgeted). Two Departments are expected to finish the year over budget the Building Department (due to higher than budgeted expenditures in the areas of security and contractual services to assist with the heightened work load) which will more than be off-set by the higher than budgeted revenues, and the City Clerk (due to higher than budgeted advertising costs associated with additional boards and committees created over the last several years). Internal Service Fund (ISF) At this time, the ISF is projected to have expenditures over budget by $4.7 million while revenues are projected to be higher than budgeted by $3.0 million due to higher than budgeted premium payments for health insurance. The net position of the ISF is projected to be a negative balance of $1.7 million at the end of the fiscal year. Development of the FY Proposed Development of the FY Proposed is currently at its peak. We are expected to release the Proposed toward the end of the first full week of July Conclusion The City of Miami is preliminarily projected to finish FY with a surplus of $21.6 million (approximately $23.3 million in the General Fund reduced by a projected deficit of $1.7 million in the Internal Service Fund), but $18 million of this is attributable to a surplus in the Building Department. Should you have any questions or concerns, please do not hesitate to direct them to me at or crose@miamigov.com.

3 Revenues by Department w/categories - General Fund FY YTD vs. with Projections FY17 - Working Proj City Manager Other Revenues (Inflows) 10,000 12, % 12,000 2,000 Total: 10,000 12, % 12,000 2,000 City Attorney Other Revenues (Inflows) 127,800 96, % 127,800 0 Charges for Services 30,000 21, % 30,000 0 Total: 157, , % 157,800 0 City Clerk Fines and Forfeitures * Other Revenues (Inflows) * Charges for Services * Total: - 1,044 * 1,400 1,400 Civil Services Charges for Services - 77 * 0 0 Total: - 77 * 0 0 Code Compliance Fines and Forfeitures 508, , % 505,000 (3,300) Licenses and Permits 50, , % 347, ,000 Other Revenues (Inflows) - 33 * 0 0 Total: 558, , % 852, ,700 Office of Communications Other Revenues (Inflows) - 59 * - * Total: - 59 * - * Office of Film and Entertainment Other Revenues (Inflows) - 50 * - * Total: - 50 * - * Finance Property Taxes 303,610, ,562, % 293,681,600 (9,928,600) Franchise Fees and Other Taxes 94,203,600 49,168, % 96,702,800 2,499,200 Interest 1,700,000 1,654, % 2,628, ,000 Transfers-IN 10,704,100 4,065, % 10,704,100 0 Run Time: 2:48:41 PM Page 1 of 4

4 Revenues by Department w/categories - General Fund FY YTD vs. with Projections FY17 - Working Proj Finance Fines and Forfeitures 8,460,600 7,044, % 10,135,600 1,675,000 Intergovernmental Revenues 54,904,100 29,832, % 55,403, ,900 Licenses and Permits 9,116,100 8,673, % 9,204,600 88,500 Other Revenues (Inflows) 2,130,000 1,148, % 1,348,000 (782,000) Charges for Services 25,423,800 16,843, % 24,941,000 (482,800) Total: 510,252, ,992, % 504,748,700 (5,503,800) Grants Administration Charges for Services * - * Total: * - * Information Technology Other Revenues (Inflows) - 177,057 * 177, ,100 Charges for Services - 6,590 * 6,600 6,600 Total: - 183,647 * 183, ,700 Neighborhood Enhancement Teams (NET) Other Revenues (Inflows) - (17,474) * (17,500) (17,500) Charges for Services - 7,274 * 7,300 7,300 Total: - (10,200) * (10,200) (10,200) Office of Resilience and Sustainability Charges for Services - 10 * - * Total: - 10 * - * Building Department Fines and Forfeitures 75,000 62, % 80,000 5,000 Licenses and Permits 18,070,000 19,774, % 27,013,200 8,943,200 Other Revenues (Inflows) - (265,288) * (265,300) (265,300) Charges for Services 5,308,000 4,589, % 5,949, ,800 Total: 23,453,000 24,160, % 32,777,700 9,324,700 Planning and Zoning Fines and Forfeitures 50,000 1, % 10,000 (40,000) Licenses and Permits 6,286,000 4,438, % 6,889, ,800 Other Revenues (Inflows) 27,000 67, % 93,300 66,300 Charges for Services 2,700,000 1,481, % 2,143,300 (556,700) Run Time: 2:48:41 PM Page 2 of 4

5 Revenues by Department w/categories - General Fund FY YTD vs. with Projections FY17 - Working Proj Planning and Zoning Total: 9,063,000 5,990, % 9,136,400 73,400 GSA Other Revenues (Inflows) - 492,859 * 493, ,000 Total: - 492,859 * 493, ,000 Public Works Dept. Franchise Fees and Other Taxes 12,300,000 6,625, % 12,800, ,000 Licenses and Permits - 7,290 * 7,300 7,300 Charges for Services 1,560,000 1,418, % 1,850, ,000 Total: 13,860,000 8,051, % 14,657, ,300 Solid Waste Interest - 3,345 * 4,000 4,000 Fines and Forfeitures 250, , % 250,000 0 Licenses and Permits 20,700,000 15,732, % 21,269, ,600 Other Revenues (Inflows) - 121,280 * 169, ,000 Charges for Services 25,568,400 23,440, % 25,363,000 (205,400) Total: 46,518,400 39,492, % 47,055, ,200 Fire-Rescue Intergovernmental Revenues 5,837,200 5,658, % 5,845,300 8,100 Licenses and Permits 2,500,000 2,225, % 2,820, ,000 Other Revenues (Inflows) 2,165,000 2,538, % 2,902, ,000 Charges for Services 11,011,000 7,992, % 11,898, ,600 Total: 21,513,200 18,415, % 23,465,900 1,952,700 Police Transfers-IN 1,400,000 - * 1,250,000 (150,000) Fines and Forfeitures 4,100,000 2,668, % 4,445, ,900 Intergovernmental Revenues 5,115,600 5,115, % 5,115,600 0 Licenses and Permits 225, , % 222,300 (2,700) Other Revenues (Inflows) 152, , % 533, ,600 Charges for Services 3,800,000 2,865, % 4,030, ,000 Total: 14,793,300 11,274, % 15,597, ,800 Run Time: 2:48:41 PM Page 3 of 4

6 Revenues by Department w/categories - General Fund FY YTD vs. with Projections FY17 - Working Proj Public Facilities Fines and Forfeitures - 35,282 * 38,000 38,000 Licenses and Permits - 3,745 * 0 0 Other Revenues (Inflows) 290,000 2,475, % 1,796,800 1,506,800 Charges for Services 28,655,800 19,041, % 28,131,600 (524,200) Total: 28,945,800 21,555, % 29,966,400 1,020,600 Parks and Recreation Intergovernmental Revenues 80,000 42, % 42,600 (37,400) Other Revenues (Inflows) - 172,341 * 172, ,700 Charges for Services 6,917,800 4,320, % 6,306,200 (611,600) Total: 6,997,800 4,535, % 6,521,500 (476,300) Risk Management Charges for Services - (5) * - * Total: - (5) * - * All Organizations Property Taxes 303,610, ,562, % 293,681,600 (9,928,600) Franchise Fees and Other Taxes 106,503,600 55,794, % 109,502,800 2,999,200 Interest 1,700,000 1,657, % 2,632, ,000 Transfers-IN 12,104,100 4,065, % 11,954,100 (150,000) Fines and Forfeitures 13,443,900 10,348, % 15,465,000 2,021,100 Intergovernmental Revenues 65,936,900 40,648, % 66,406, ,600 Licenses and Permits 56,947,100 51,241, % 67,773,800 10,826,700 Other Revenues (Inflows) 4,902,500 7,500, % 7,542,400 2,639,900 Charges for Services 110,974,800 82,028, % 110,658,100 (316,700) Total: 676,123, ,848, % 685,616,300 9,493,200 Run Time: 2:48:41 PM Page 4 of 4

7 Expenditures by Department w/categories - General Fund FY YTD vs. with Projections Mayor Personnel 899, , % 871,200 28,200 Operating Expense 178, , % 176,600 2,000 Non-Operating Expenses 50,000 - * 47,500 2,500 Total: 1,128, , % 1,095,300 32,700 Commissioners Personnel 2,668,600 2,014, % 2,590,800 77,800 Operating Expense 134, , % 132,800 1,800 Non-Operating Expenses 427,800 8, % 406,400 21,400 Total: 3,231,000 2,152, % 3,130, ,000 City Manager Personnel 3,194,500 2,365, % 3,016, ,700 Operating Expense 383, , % 343,600 40,300 Capital Outlay - 1,439 * 1,400 (1,400) Non-Operating Expenses - 17,736 * 26,000 (26,000) Total: 3,578,400 2,586, % 3,387, ,600 Office of Agenda Coordination Personnel 341, , % 341, Operating Expense 17,800 14, % 15,000 2,800 Total: 359, , % 356,100 3,100 Auditor General Personnel 1,196, , % 934, ,000 Operating Expense 85,900 45, % 62,400 23,500 Total: 1,282, , % 997, ,500 City Attorney Personnel 7,737,600 5,627, % 7,604, ,600 Operating Expense 427, , % 383,700 43,500 Capital Outlay - 1,050 * 2,000 (2,000) Total: 8,164,800 5,930, % 7,989, ,100 City Clerk Personnel 1,346,300 1,006, % 1,305,300 41,000 Run Time: 2:48:12 PM Page 1 of 6

8 Expenditures by Department w/categories - General Fund FY YTD vs. with Projections City Clerk Operating Expense 351, , % 394,800 (43,700) Total: 1,697,400 1,264, % 1,700,100 (2,700) Civil Services Personnel 412, , % 372,900 40,000 Operating Expense 40,500 20, % 37,900 2,600 Total: 453, , % 410,800 42,600 Code Compliance Personnel 5,355,800 4,075, % 5,181, ,000 Operating Expense 510, , % 516,400 (6,200) Non-Operating Expenses * 1,000 (1,000) Total: 5,866,000 4,402, % 5,699, ,800 Office of Communications Personnel 1,025, , % 1,061,000 (35,500) Operating Expense 136,200 59, % 97,000 39,200 Capital Outlay - (792) * (792) 792 Total: 1,161, , % 1,157,208 4,492 Equal Opportunity and Diversity Programs Personnel 379, , % 382,800 (3,500) Operating Expense 18,500 14, % 15,000 3,500 Total: 397, , % 397,800 0 Office of Film and Entertainment Personnel 380, , % 362,700 17,800 Operating Expense 36,900 26, % 35,800 1,100 Capital Outlay 5,300 3, % 5,300 0 Total: 422, , % 403,800 18,900 Finance Personnel 7,527,700 5,587, % 7,421, ,100 Operating Expense 1,640, , % 1,569,800 70,700 Capital Outlay 2,000 - * 2,000 0 Non-Operating Expenses - 1,478 * 1,500 (1,500) Total: 9,170,200 6,503, % 8,994, ,300 Run Time: 2:48:12 PM Page 2 of 6

9 Expenditures by Department w/categories - General Fund FY YTD vs. with Projections Finance Grants Administration Personnel 1,357, , % 1,374,900 (17,100) Operating Expense 208, , % 179,000 29,200 Capital Outlay - 2,429 * 2,400 (2,400) Total: 1,566, , % 1,556,300 9,700 Human Resources Personnel 4,147,200 3,031, % 3,943, ,200 Operating Expense 269, , % 303,300 (33,700) Total: 4,416,800 3,254, % 4,246, ,500 Information Technology Personnel 8,607,700 6,463, % 8,569,600 38,100 Operating Expense 469, , % 486,800 (17,500) Capital Outlay 25,000 8, % 15,000 10,000 Non-Operating Expenses - 43 * 100 (100) Total: 9,102,000 6,887, % 9,071,500 30,500 Management and Personnel 2,295,500 1,754, % 2,302,500 (7,000) Operating Expense 236, , % 230,500 5,600 Capital Outlay 4,000 1, % 2,000 2,000 Total: 2,535,600 1,946, % 2,535, Neighborhood Enhancement Teams (NET) Personnel 5,412,600 4,043, % 5,322,300 90,300 Operating Expense 358, , % 398,000 (39,800) Capital Outlay 29,600 1, % 29,600 0 Total: 5,800,400 4,358, % 5,749,900 50,500 Procurement Personnel 2,228,400 1,625, % 2,232,900 (4,500) Operating Expense 170,800 94, % 160,800 10,000 Capital Outlay 4,000 3, % 5,000 (1,000) Non-Operating Expenses - 1,248 * 1,300 (1,300) Total: 2,403,200 1,725, % 2,400,000 3,200 Run Time: 2:48:12 PM Page 3 of 6

10 Expenditures by Department w/categories - General Fund FY YTD vs. with Projections Procurement Office of Resilience and Sustainability Personnel 139, , % 121,900 17,900 Operating Expense 100,000 2, % 67,100 32,900 Total: 239, , % 189,000 50,800 Veteran Affairs and Homeless Services Operating Expense - 421,920 * - * Total: - 421,920 * - * Office of Civilian Investigative Panel Operating Expense * - * Total: * 0 0 Building Department Personnel 9,049,600 6,781, % 8,796, ,900 Operating Expense 1,193,000 1,076, % 1,472,000 (279,000) Capital Outlay - 1,100 * 27,000 (27,000) Total: 10,242,600 7,859, % 10,295,700 (53,100) Planning and Zoning Personnel 6,199,800 4,407, % 5,680, ,100 Operating Expense 474, , % 488,000 (13,900) Total: 6,673,900 4,778, % 6,168, ,200 GSA Personnel 13,058,100 9,962, % 12,855, ,400 Operating Expense 9,560,900 5,938, % 9,173, ,300 Capital Outlay - 41,276 * 109,300 (109,300) Total: 22,619,000 15,941, % 22,138, ,400 Public Works Dept. Personnel 11,271,100 8,251, % 10,883, ,300 Operating Expense 9,971,500 4,967, % 10,013,200 (41,700) Capital Outlay - 8,414 * 0 0 Non-Operating Expenses - 4,089 * 2,500 (2,500) Total: 21,242,600 13,231, % 20,899, ,100 Run Time: 2:48:12 PM Page 4 of 6

11 Expenditures by Department w/categories - General Fund FY YTD vs. with Projections Public Works Dept. Solid Waste Personnel 16,567,500 13,209, % 17,089,700 (522,200) Operating Expense 14,823,100 9,037, % 13,781,800 1,041,300 Capital Outlay 94,200 10, % 74,600 19,600 Non-Operating Expenses * 0 0 Total: 31,484,800 22,257, % 30,946, ,700 Capital Improvements and Transportation Personnel 2,640,200 2,324, % 2,565,200 75,000 Operating Expense 184,400 77, % 209,400 (25,000) Capital Outlay * - * Non-Operating Expenses - 75 * 0 0 Total: 2,824,600 2,401, % 2,774,600 50,000 Fire-Rescue Personnel 113,100,500 88,269, % 113,938,200 (837,700) Operating Expense 12,791,000 10,266, % 11,976, ,500 Capital Outlay 300, , % 205,000 95,000 Non-Operating Expenses - 7,436 * - * Total: 126,191,500 98,701, % 126,119,700 71,800 Police Personnel 200,184, ,673, % 200,025, ,500 Operating Expense 30,179,900 22,397, % 29,296, ,700 Capital Outlay 1,319, , % 1,666,300 (347,000) Non-Operating Expenses 40,000 - * 40,000 0 Total: 231,724, ,868, % 231,027, ,200 Pensions Department Personnel - 4,364 * 0 0 Total: - 4,364 * 0 0 Community Development Department Personnel 2,188,800 1,208, % 2,188,800 0 Operating Expense 197, , % 197,300 0 Non-Operating Expenses 1,096, % 1,096,400 0 Run Time: 2:48:12 PM Page 5 of 6

12 Expenditures by Department w/categories - General Fund FY YTD vs. with Projections Community Development Department Total: 3,482,500 1,328, % 3,482,500 0 Public Facilities Personnel 4,619,100 3,410, % 4,553,500 65,600 Operating Expense 7,777,300 4,168, % 7,392, ,100 Capital Outlay - 1,151 * 1,000 (1,000) Total: 12,396,400 7,580, % 11,946, ,700 Parks and Recreation Personnel 29,143,000 20,391, % 28,011,900 1,131,100 Operating Expense 12,938,400 8,863, % 13,300,900 (362,500) Capital Outlay 42, , % 232,000 (189,500) Non-Operating Expenses 202, , % 202,600 0 Transfers - OUT 18,100 - * 0 18,100 Total: 42,344,600 29,567, % 41,747, ,200 Risk Management Personnel 2,345,600 1,742, % 2,243, ,500 Operating Expense 752, , % 574, ,500 Total: 3,098,000 2,138, % 2,818, ,000 Non-Departmental Personnel 12,867,900 1,715, % 7,986,200 4,881,700 Operating Expense 13,409,700 9,609, % 17,257,400 (3,847,700) Capital Outlay - 3,109 * 3,100 (3,100) Non-Operating Expenses 14,801,300 2,194, % 5,376,900 9,424,400 Transfers - OUT 57,742,500 3,259, % 59,896,300 (2,153,800) Total: 98,821,400 16,781, % 90,519,900 8,301,500 All Organizations Personnel 479,891, ,109, % 472,132,800 7,758,600 Operating Expense 120,027,100 81,585, % 120,739,700 (712,600) Capital Outlay 1,825,900 1,226, % 2,382,208 (556,308) Non-Operating Expenses 16,618,100 2,364, % 7,202,200 9,415,900 Transfers - OUT 57,760,600 3,259, % 59,896,300 (2,135,700) Total: 676,123, ,544, % 662,353,209 13,769,891 Run Time: 2:48:12 PM Page 6 of 6

13 Monthly Financial Statement - General Fund FY YTD vs. with Projections Projection As of Y-T-D (H-T-D(May)) Revenues Projection Variance Favorable / (Unfavorable) Property Taxes 303,610, ,562, % 293,681,600 (9,928,600) Franchise Fees and Other Taxes 106,503,600 55,794, % 109,502,800 2,999,200 Interest 1,700,000 1,657, % 2,632, ,000 Transfers-IN 12,104,100 4,065, % 11,954,100 (150,000) Fines and Forfeitures 13,443,900 10,348, % 15,465,000 2,021,100 Intergovernmental Revenues 65,936,900 40,648, % 66,406, ,600 Licenses and Permits 56,947,100 51,241, % 67,773,800 10,826,700 Other Revenues (Inflows) 4,902,500 7,500, % 7,542,400 2,639,900 Charges for Services 110,974,800 82,028, % 110,658,100 (316,700) Total Revenues 676,123, ,848, % 685,616,300 9,493,200 Expenditures Mayor 1,128, , % 1,095,300 32,700 Commissioners 3,231,000 2,152, % 3,130, ,000 City Manager 3,578,400 2,586, % 3,387, ,600 Office of Agenda Coordination 359, , % 356,100 3,100 Auditor General 1,282, , % 997, ,500 City Attorney 8,164,800 5,930, % 7,989, ,100 City Clerk 1,697,400 1,264, % 1,700,100 (2,700) Civil Services 453, , % 410,800 42,600 Code Compliance 5,866,000 4,402, % 5,699, ,800 Office of Communications 1,161, , % 1,157,208 4,492 Equal Opportunity and Diversity Programs 397, , % 397,800 0 Office of Film and Entertainment 422, , % 403,800 18,900 Finance 9,170,200 6,503, % 8,994, ,300 Grants Administration 1,566, , % 1,556,300 9,700 Human Resources 4,416,800 3,254, % 4,246, ,500 Information Technology 9,102,000 6,887, % 9,071,500 30,500 Management and 2,535,600 1,946, % 2,535, Neighborhood Enhancement Teams (NET) 5,800,400 4,358, % 5,749,900 50,500 Procurement 2,403,200 1,725, % 2,400,000 3,200 Office of Resilience and Sustainability 239, , % 189,000 50,800 Veteran Affairs and Homeless Services - 421,920 * - * General Government 62,977,100 46,103, % 61,467,908 1,509,192 Run Time: 2:45:41 PM Page 1 of Projection ROE for Specified Fund - One Pager Style

14 Monthly Financial Statement - General Fund FY YTD vs. with Projections Projection As of Y-T-D (H-T-D(May)) Projection Variance Favorable / (Unfavorable) Building Department 10,242,600 7,859, % 10,295,700 (53,100) Planning and Zoning 6,673,900 4,778, % 6,168, ,200 Planning and Development 16,916,500 12,637, % 16,464, ,100 Community Development Department 3,482,500 1,328, % 3,482,500 0 Community and Economic Development 3,482,500 1,328, % 3,482,500 0 GSA 22,619,000 15,941, % 22,138, ,400 Public Works Dept. 21,242,600 13,231, % 20,899, ,100 Solid Waste 31,484,800 22,257, % 30,946, ,700 Capital Improvements and Transportation 2,824,600 2,401, % 2,774,600 50,000 Public Works 78,171,000 53,832, % 76,758,800 1,412,200 Fire-Rescue 126,191,500 98,701, % 126,119,700 71,800 Police 231,724, ,868, % 231,027, ,200 Public Safety 357,915, ,570, % 357,147, , Office of Civilian Investigative Panel * 0 0 Civilian Investigative Panel * 0 0 Pensions Department - 4,364 * 0 0 Pensions - 4,364 * 0 0 Non-Departmental 98,821,400 16,781, % 90,519,900 8,301,500 Non Departmental Units 98,821,400 16,781, % 90,519,900 8,301,500 Public Facilities 12,396,400 7,580, % 11,946, ,700 Parks and Recreation 42,344,600 29,567, % 41,747, ,200 Risk Management 3,098,000 2,138, % 2,818, ,000 Total Other 57,839,000 39,285, % 56,512,100 1,326,900 Total Expenditures 676,123, ,544, % 662,353,209 13,769,891 Total Revenues Over/(Under) Expenditures 0 98,303,170 * 23,263,091 * Run Time: 2:45:41 PM Page 2 of Projection ROE for Specified Fund - One Pager Style

15 Monthly Financial Statement - Internal Service Fund FY YTD vs. with Projections Projection As of Y-T-D (H-T-D(May)) Revenues Projection Variance Favorable / (Unfavorable) Licenses and Permits - 15 * - * Other Revenues (Inflows) 84,456,300 79,695, % 87,285,900 2,829,600 Charges for Services - 104,844 * 148, ,500 Total Revenues 84,456,300 79,800, % 87,434,400 2,978,100 Expenditures Finance - 127,855 * - * Information Technology 8,042,000 3,721, % 8,075,300 (33,300) General Government 8,042,000 3,848, % 8,075,300 (33,300) Non-Departmental - 14,497 * 0 0 Non Departmental Units - 14,497 * 0 0 Risk Management 76,414,300 51,186, % 81,098,600 (4,684,300) Total Other 76,414,300 51,186, % 81,098,600 (4,684,300) Total Expenditures 84,456,300 55,050, % 89,173,900 (4,717,600) Total Revenues Over/(Under) Expenditures 0 24,750,001 * (1,739,500) * Run Time: 2:46:52 PM Page 1 of Projection ROE for Specified Fund - One Pager Style