The following is a summary of the more significant items for the third quarter:

Transcription

1 Council Memorandum To: From: City Council Jeff Hansen, Finance Director Through: Jason Slowinski, City Manager Date: October 10, 2016 Re: 3 rd Quarter Financial Report As part of the rd quarter report, attached is the Revenue and Expenditure Summary (pages 5-22), Council Expenditure Summary (page 23), and the Disbursement Journal of payments >$50,000 (page 24). The Sales and Use Tax report is distributed on a monthly basis and you have already received the report for August sales/september collections. The following is a summary of the more significant items for the third quarter: GENERAL FUND Overall, revenues exceed expenditures year-to-date by $1,736,042. Given that the 2016 Budget anticipated using $265,000 of fund balance for the year, the General Fund is in very good shape through 3 quarters. Revenues are up 6% compared to Total revenues are at 78% of the total budget. Property Tax revenues are at 101% of budget, including collections from prior years. Sales and Use Tax is up 4% compared to Sales tax revenues are up 5.4%, use tax is down 14.5% and audit revenue is up 73% from last year s collections year-to-date. Revenue from Building Use Tax is down 19% compared to Other building related revenues are down as well. Expenditures are up 13% compared to 2015 and are at 71% of the 2016 budget. A year-end budget amendment is not anticipated to be needed for the General Fund. WATER FUND

2 Total revenues are at 67% of budget, but down 22% compared to 2015 due to the decrease in system development fees. Water sales revenue is up 11% compared to The hot, dry summer and the installation of new meters could both be factors for the increase. Water development fees are down 87% from last year, as anticipated in the amount budgeted for Operating expenses are up 11% compared to last year, and are at 71% of the 2016 budget. Capital expenses are at 55% of the 2016 budget, an appropriate level for this time of year. The debt service payment on the various water bonds will occur in the 4 th quarter. WASTEWATER FUND Wastewater charges are up 3% compared to 2015, based on the winter water usage calculations. Rates were not increased for 2015 or 2016 in anticipation of increased consumption from the meter project. Operating expenses are up 11% compared to 2015 and are at 66% of budget. Wastewater development fees are down from last year, similar to the water development fees. Utility line replacement projects are still underway, currently at 51% of budget. DRAINAGE UTILITY FUND Drainage utility fees are up 37% compared to last year, primarily due to fees associated with new construction over the past couple years. Revenues are at 93% of the 2016 budget. Expenses are at 48% of budget, with the debt service payment scheduled for 4 th quarter. COMMUNITY CENTER FUND Operating revenues are up slightly (less than 1%) compared to 2015 and are at 77% of budget. Expenses are at 73% of the 2016 budget and are $366,839 more than operating revenues (not including transfers) received year to date (compared to $221,422 a year ago). Page 2

3 SPLASH AQUATIC PARK FUND Operating revenues came in 10& higher than 2015 and at 102% of budget overall a very good year for the Splash. Expenses are at 90% of budget and there is still some year-end maintenance work that needs to be done. The Splash should not require a subsidy from the General Fund this year. FOSSIL TRACE GOLF CLUB FUND Operating revenues are up slightly compared to last year, a result of continued good weather during the prime golfing season. The sale of the golf cart fleet pushed revenues up 5% compared to Overall, revenues are at 81% of budget, or 89% when removing the budget for the interfund loan which shouldn t be necessary. Operating expenses are at 80% of budget, up from 2015 even without the capital purchases in Including the budget for the transfer to the SUT Fund, expenses are at 66%. ROONEY ROAD SPORTS COMPLEX FUND Operating expenses continue to be minimal and are covered by the fees charged to Colorado ICE and other customers. Expenses are up compared to 2015 due to increases maintenance costs. MUSEUM FUND Revenues are at 77% of budget, up 16% from Operating revenues (admissions, memberships, donations from the public, etc.) are up 21%. The General Fund transfer is higher than in 2015 and grant revenue should increase in the 4 th quarter. Expenses are at 71%, up 13% from last year. CEMETERY FUND Operating revenues (Sales & Fees) are at 120% of budget, up 44% compared to Expenses are at 74% and are $122,897 less than operating revenues plus interest earnings. It doesn t appear that the transfer from the General Fund is needed, so it will be reversed in the 4 th quarter. INTERNAL SERVICE FUNDS Claims for the Insurance Fund are unusually low for this point in the year (knock on wood). Claims and premiums have increased significantly in the Medical Benefits Fund and federally mandated open enrollment has resulted in an increase in the number of Page 3

4 individuals covered under the plan. The activity in the Workers Comp Fund is normal for this point in the year. The Fleet Mgmt Fund revenues and expenses are at appropriate levels compared to 2015, as well as the 2016 budget. Miscellaneous revenues are down compared to last year due to the timing of auctioning some of the replaced vehicles. The Information Systems Fund revenues are also at appropriate levels compared to the 2016 budget. The increase in lease revenue is to recover the additional operating costs (two new system administrators and expanded systems) of maintaining the City s technology systems and infrastructure. CAPITAL PROJECTS FUNDS The Capital Programs Fund revenues and expenditures are at appropriate levels for this time of year. Several street improvement projects are still in progress. In the Sales & Use Tax Fund, revenues are up 101%, primarily from the CDOT grant for the Hwy 6 and 19 th project. Expenditures are at appropriate levels for the year, up from last year also due to the Hwy 6 and 19 th project. Both revenues and expenditures for the Open Space and Conservation Trust funds are at appropriate levels for this time of year. Lottery funds are down due to a computer conversion at the State resulting in a delay in the distribution of funds to the various entities throughout the state. The City s general investment portfolio has a balance of $15.8 million, with a weighted average maturity of 415 days and a year-to-date yield of 1.01%. In addition, the City has $9.5 million invested in CSAFE, a local government investment pool currently earning 0.59%. The funds at CSAFE are more liquid and available for the large payments due on capital projects and debt service. Overall, the City remains in very strong financial condition. The numbers through the 3 rd quarter of 2016 continue to reflect the City s sound fiscal position. As always, if you have any questions, please call me at Page 4

5 GENERAL FUND REVENUES: 5,350,000 5,330,674 Property Taxes 6,300,000 6,341, % 1,011,070 19% 11,621,500 7,871,171 Sales/Use Tax 12,731,162 8,199,815 64% 328,644 4% 300, ,628 Building Use Tax 400, , % (97,285) -19% 1,569,465 1,015,177 Other Taxes 1,618, ,853 59% (58,324) -6% 513, ,241 Licenses/Permits 491, , % 3,169 1% 2,458,956 2,147,155 Charges for Services 2,629,450 2,289,402 87% 142,247 7% 668, ,641 Intergovernmental 617, ,960 82% 12,319 2% 684, ,958 Fines/Forfeitures 612, ,719 98% 174,761 41% 843, ,850 Interest/Miscellaneous 838, ,192 77% (314,658) -33% 24,010,841 19,291,495 Total General Fund Revenues 26,239,222 20,493,438 78% 1,201,943 6% GENERAL FUND EXPENDITURES: 272, ,159 City Council 253, ,351 70% (53,808) -23% 450, ,104 City Attorney 450, ,928 69% 93,824 43% 53,700 36,184 Municipal Judge 53,700 37,635 70% 1,451 4% 73,561 49,780 GURA Staff 76,889 56,832 74% 7,052 14% 25,000 27,542 USA Pro Cycling Challenge 0 0 #DIV/0! (27,542) -100% 547, ,748 City Manager 604, ,802 61% 25,054 7% 444, ,970 Communications 462, ,924 72% 51,954 19% 187, ,046 Sustainability 203, ,539 63% 6,493 5% 271, ,117 City Clerk 264, ,303 69% 20,186 12% 611, ,575 Human Resources 621, ,106 71% 82,531 23% 262, ,310 Municipal Court 280, ,148 77% 35,838 20% 1,308, ,396 Finance 1,403, ,728 67% 31,332 3% 1,024, ,390 Planning/Community Marketing 1,135, ,566 72% 109,176 15% 376, ,620 Economic Development 443, ,862 64% 65,242 30% 3,407,277 2,443,723 Public Works 3,717,090 2,676,149 72% 232,426 10% 65,000 4,988 Highway Corridor Project 65,000 23,174 36% 18, %

6 7,917,390 5,384,871 Police 8,516,213 6,286,962 74% 902,091 17% 1,800,615 1,106,996 Fire 1,801,869 1,227,100 68% 120,104 11% 550, ,370 Parks & Rec Admin 562, ,415 70% 10,045 3% 335, ,086 Outdoor Recreation 334, ,332 69% 34,246 17% 1,708,335 1,138,898 Parks/Forestry 1,727,624 1,231,680 71% 92,782 8% 160,831 94,932 Campground 142,609 86,776 61% (8,156) -9% 500, ,239 Municipal Facilities 522, ,307 60% (31,932) -9% 50,000 35,309 GURA/DDA Tax Increment 125,000 39,832 32% 4,523 13% 3,463,945 1,654,922 Transfers/Misc./EOC 2,732,630 1,960,945 72% 306,023 18% 25,869,671 16,628,275 Total General Fund Expenditures 26,504,223 18,757,396 71% 2,129,121 13%

7 WATER FUND REVENUES: 6,006,000 3,427,006 Water Sales 5,800,000 3,794,989 65% 367,983 11% 400,000 1,741,200 Water Development Fees 400, ,073 55% (1,522,127) -87% 10,000 56,911 Guanella Water Storage Leases 10,000 56, % (407) -1% 0 16,992 Water Rights Fees/Leases 0 52,769 #DIV/0! 35, % 42, ,490 Miscellaneous 38,000 49, % (95,661) -66% 12,000 8,825 Interest 8,000 23, % 14, % 2,200,000 0 Bonds Proceeds 0 0 #DIV/0! 0 #DIV/0! 8,670,500 5,396,424 Total Water Fund Revenues 6,256,000 4,196,620 67% (1,199,804) -22% WATER FUND EXPENSES: OPERATIONS: 555, ,328 Environmental Quality 557, ,453 65% (9,875) -3% 1,589, ,970 Water Treatment 1,614,285 1,118,356 69% 141,386 14% 898, ,085 Water Administration 913, ,025 85% 134,940 21% 807, ,747 Prevention & Maintenance 865, ,117 65% 23,370 4% 3,851,283 2,532,130 Total Water Operations Expenses 3,950,656 2,821,951 71% 289,821 11% CAPITAL: 700,000 0 Debt Service - Principal 620, % 0 #DIV/0! 204, ,276 Debt Service - Interest 136,457 55,986 41% (46,290) -45% 2,200,000 4,600 Meter System Improvements 2,150,000 1,782,683 83% 1,778, % 841, ,714 Utility Line Replacement 956, ,711 60% 222,997 63% 896, ,905 Water Quality/Plant Improvements 430, ,855 60% (631,050) -71% 50,000 30,337 Pump Station Improvements 50,000 45,846 92% 15,509 51% 209,810 0 Storage Tank Improvements 557,870 18,094 3% 18,094 #DIV/0! 50,000 0 Urad Reservoir Improvements 50, % 0 #DIV/0! 5,153,010 1,379,832 Total Water Capital Expenses 4,950,787 2,737,175 55% 1,357,343 98% 9,004,293 3,911,962 Total Water Fund Expenses 8,901,443 5,559,126 62% 1,647,164 42%

8 WASTEWATER FUND REVENUES: 2,180,000 1,486,012 Wastewater Charges 2,200,000 1,527,308 69% 41,296 3% 100, ,805 Wastewater Development Fees 100,000 43,348 43% (398,457) -90% 9,000 6,277 Miscellaneous 9,000 7,456 83% 1,179 19% 18,000 5,669 Interest 21,000 11,089 53% 5,420 96% 2,307,000 1,939,763 Total Wastewater Fund Revenues 2,330,000 1,589,201 68% (350,562) -18% WASTEWATER FUND EXPENSES: OPERATIONS: 279, ,528 Environmental Quality 247, ,616 65% 22,088 16% 919, ,480 Wastewater Administration 950, ,087 65% 12,607 2% 471, ,012 Collection & Maintenance 448, ,001 67% 68,989 30% 1,671, ,020 Total Wastewater Operations Expenses 1,646,218 1,079,704 66% 103,684 11% CAPITAL: 485, ,180 Utility Line Replacement 562, ,463 51% 116,283 68% 0 0 Treatment Plant Upgrades 100, % 0 #DIV/0! 485, ,180 Total Wastewater Capital Expenses 662, ,463 44% 116,283 68% 2,156,241 1,148,200 Total Wastewater Fund Expenses 2,309,168 1,368,167 59% 219,967 19%

9 DRAINAGE UTILITY REVENUES: 1,134, ,243 Drainage Utility Fees 1,140,480 1,055,845 93% 286,602 37% 2,500 7,615 Storm Drainage Permit Fee 4,000 3,225 81% (4,390) -58% Miscellaneous 0 1,721 #DIV/0! 1, % 1, Interest 1,000 1, % 1, % 1,138, ,135 Total Drainage Utility Revenues 1,145,480 1,062,282 93% 285,147 37% DRAINAGE UTILITY EXPENSES: 187, ,410 Salaries/Benefits 196, ,589 77% 13,179 10% 132,605 94,379 Operating Supplies & Services 137,751 85,482 62% (8,897) -9% 300,000 0 Debt Service - Principal 300, % 0 #DIV/0! 48,450 24,225 Debt Service - Interest 39,450 19,725 50% (4,500) -19% 150,000 8,213 Ongoing Capital Replacement 150,000 84,414 56% 76, % 0 2,125 Local Drainage Improvements 101,500 2,700 3% % 300, ,000 Kinney Run Detention 0 0 #DIV/0! (300,000) -100% 0 0 Heritage Road/Apex Gulch 200, , % 200,000 #DIV/0! 1,118, ,352 Total Drainage Utility Expenses 1,124, ,910 48% (23,442) -4%

10 COMMUNITY CENTER REVENUES: 551, ,147 Daily Use/Punch Cards 557, ,917 69% (1,230) 0% 333, ,100 Memberships 336, ,940 67% (22,160) -9% 870, ,698 Fees 879, ,800 83% 10,102 1% 98,400 65,039 Rentals, Interest & Miscellaneous 75,500 80, % 15,294 24% 1,852,400 1,411,984 Total Operating Revenues 1,847,500 1,413,990 77% 2,006 0% 150, ,500 General Fund Transfers 375, ,250 75% 168, % 72,000 0 Other Fund Transfers 100,000 25,000 25% 25,000 #DIV/0! 2,074,400 1,524,484 Total Community Center Revenues 2,322,500 1,720,240 74% 195,756 13% COMMUNITY CENTER EXPENSES: 64,000 26,439 Capital 50,000 15,896 32% (10,543) -40% 888, ,190 General/Admin 983, ,938 68% 48,748 8% 275, ,732 Aquatics/Swim Lessons 298, ,557 68% 31,825 19% 5, Athletics 5, % (368) -100% 612, ,801 Building Services 521, ,363 76% 10,562 3% 21,149 13,245 Child Care 22,149 17,070 77% 3,825 29% 16,391 11,499 Climbing Wall 17,391 12,849 74% 1,350 12% 114,471 93,816 Facility Coordinator/Front Desk 86, , % 26,347 28% 20,374 15,627 Pottery 22,874 15,537 68% (90) -1% 140,786 91,673 Preschool 159, ,237 71% 22,564 25% 43,999 24,896 Seniors 33,100 26,657 81% 1,761 7% 25,924 19,769 Weight Room 27,667 18,380 66% (1,389) -7% 117,244 85,278 Wellness 132,835 84,375 64% (903) -1% 78,964 74,073 Youth 83,364 87, % 13,734 19% 2,424,800 1,633,406 Total Community Center Expenses 2,444,249 1,780,829 73% 147,423 9%

11 SPLASH AQUATIC PARK REVENUES: 308, ,781 Admission Revenue 310, , % 26,605 9% 2,500 2,113 Pro Shop 2,500 2,438 98% % 32,000 25,319 Facilities Rentals 33,000 37, % 11,714 46% 80,000 73,019 Concessions 77,000 73,108 95% 89 0% Interest % 17 10% 422, ,410 Total Splash Revenues 422, , % 38,750 10% SPLASH AQUATIC PARK EXPENSES: 210, ,316 General/Admin 234, ,388 77% (1,928) -1% 112, ,563 Aquatics 101, , % 16,674 15% 13,277 13,071 Customer Service 13,500 13,384 99% 313 2% 85,006 73,522 Food & Beverage 89,800 74,155 83% 633 1% 421, ,472 Total Splash Expenses 439, ,164 90% 15,692 4%

12 FOSSIL TRACE GOLF CLUB REVENUES: 1,890,000 1,706,463 Greens Fees 1,900,000 1,661,257 87% (45,206) -3% 525, ,795 Cart Fees 595, ,059 88% 41,264 9% 113,400 88,731 Driving Range 102,000 83,682 82% (5,049) -6% 472, ,949 Merchandise 530, ,851 96% 902 0% 40,000 47,286 Lessons 45,000 60, % 13,456 28% 155,000 58,597 Food & Beverage 120,000 61,498 51% 2,901 5% 115,000 92,484 Miscellaneous Revenue 115,000 98,402 86% 5,918 6% 0 0 Gain on Sale of Equipment 133, , % 149,400 #DIV/0! 600 3,524 Interest 800 3, % 137 4% 0 0 Interfund Loan 325, % 0 #DIV/0! 3,311,500 2,983,829 Total Fossil Trace Revenues 3,866,100 3,147,552 81% 163,723 5% FOSSIL TRACE GOLF CLUB EXPENSES: MAINTENANCE: 662, ,138 Salaries/Benefits 684, ,242 75% 44,104 9% 353, ,841 Operating Supplies & Services 374, ,998 74% 12,157 5% 75,000 51,670 Capital 75,000 81, % 29,527 57% 1,090, ,649 Total Maintenance 1,134, ,437 77% 85,788 11% PRO SHOP: 568, ,852 Salaries/Benefits 587, ,602 84% 69,750 17% 872, ,028 Operating Supplies & Services 893, ,403 79% 16,375 2% 46,000 21,656 Capital 512, ,053 87% 421, % 1,486,181 1,136,536 Total Pro Shop 1,993,663 1,644,058 82% 507,522 45% TRANSFERS: 700,000 0 Transfer to Rec Campus Debt Service 700, % 0 #DIV/0! 3,277,075 1,920,185 Total Fossil Trace Expenses 3,827,883 2,513,495 66% 593,310 31%

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14 ROONEY RD SPORTS COMPLEX REVENUES: 60,000 34,143 Charges For Services 62,000 32,770 53% (1,373) -4% 8,500 2,772 Interest/Miscellaneous 7,000 5,261 75% 2,489 90% 50,000 0 Open Space Transfers 0 0 #DIV/0! 0 #DIV/0! 118,500 36,915 Total Sports Complex Revenues 69,000 38,031 55% 1,116 3% ROONEY RD SPORT COMPLEX EXPENSES: 0 0 Admin/Capital Improvements 0 0 #DIV/0! 0 #DIV/0! 39,963 19,040 Outdoor Rec/Parks 38,756 27, , ,963 19,040 Total Sports Complex Expenses 38,756 27,161 70% 8,121 43% MUSEUM FUND REVENUES: 98, ,598 Charges For Services 112, , % 23,070 21% 50, Intergovernmental 50, % (495) -100% 37,200 26,520 Interest/Miscellaneous 27,600 20,802 75% (5,718) -22% 275, ,250 General Fund Transfers 330, ,750 74% 37,500 18% 461, ,863 Total Museum Fund Revenues 519, ,220 77% 54,357 16% MUSEUM FUND EXPENSES: 396, ,557 Salaries/Benefits 387, ,173 73% 14,616 5% 123,181 82,669 Operating Supplies & Services 170, ,605 67% 30,936 37% 2,500 0 Capital 0 0 #DIV/0! 0 #DIV/0! 522, ,226 Total Museum Fund Expenses 557, ,778 71% 45,552 13%

15 CEMETERY FUND REVENUES: 393, ,973 Sales & Fees 401, , % 147,436 44% 100 2,226 Interest/Miscellaneous 300 1, % (359) -16% 130,000 97,500 Transfers from Other Funds 80,000 60,000 75% (37,500) -38% 523, ,699 Total Cemetery Fund Revenues 481, , % 109,577 25% CEMETERY FUND EXPENSES: 241, ,900 Salaries/Benefits 244, ,809 71% 2,909 2% 221, ,981 Operating Supplies & Services 231, ,154 78% 35,173 24% 60,000 39,020 Capital 10,000 6,416 64% (32,604) -84% 523, ,901 Total Cemetery Operations Expenses 486, ,379 74% 5,478 2% CEMETERY PERPETUAL CARE REVENUES: 52,500 50,092 Perpetual Care Fee 53,000 87, % 37,060 74% 15,000 7,146 Interest 20,000 10,581 53% 3,435 48% 67,500 57,238 Total Cemetery Perpetual Care Revenues 73,000 97, % 40,495 71% CEMETERY PERPETUAL CARE EXPENSES: 0 0 Transfer to Cemetery Operations 0 0 #DIV/0! 0 #DIV/0! 0 0 Total Perpetual Care Expenses 0 0 #DIV/0! 0 #DIV/0!

16 INSURANCE FUND REVENUES: 370, ,385 Charges For Services 388, ,384 74% 13,999 5% 7,980 94,198 Interest/Miscellaneous 15,000 55, % (38,355) -41% 378, ,583 Total Insurance Fund Revenues 403, ,227 86% (24,356) -7% INSURANCE FUND EXPENSES: 100, ,144 Claims 150,000 48,910 33% (66,234) -58% 290, ,033 Insurance Premium 285, ,635 74% 12,602 6% 390, ,177 Total Insurance Fund Expenses 435, ,545 59% (53,632) -17% MEDICAL BENEFITS FUND REVENUES: 2,467,167 1,772,747 Charges For Services 2,559,374 1,978,085 77% 205,338 12% 15,000 25,672 Interest/Miscellaneous 14,000 10,096 72% (15,576) -61% 2,482,167 1,798,419 Total Medical Benefits Fund Revenues 2,573,374 1,988,181 77% 189,762 11% MEDICAL BENEFIT FUND EXPENSES: 269,200 47,150 Incentive Programs & Professional Services 210,000 21,567 10% (25,583) -54% 1,845,000 1,373,076 Claims 1,900,000 1,586,659 84% 213,583 16% 600, ,853 Insurance Premiums 775, ,111 75% 41,258 8% 2,714,200 1,961,079 Total Medical Benefits Expenses 2,885,000 2,190,337 76% 229,258 12%

17 WORKER'S COMP REVENUES: 321, ,993 Charges For Services 325, ,840 77% 8,847 4% 3,500 5,538 Interest/Miscellaneous 3,500 4, % (1,189) -21% 324, ,531 Total Worker's Comp Revenues 329, ,189 77% 7,658 3% WORKER'S COMP EXPENSES: 159, ,489 Claims 159, ,787 68% 298 0% 195, ,937 Premiums 195, ,426 64% (4,511) -3% 354, ,426 Total Worker's Comp Expenses 354, ,213 66% (4,213) -2% FLEET MGMT FUND REVENUES: 1,537, ,306 Charges For Services 1,547, ,082 63% 12,776 1% 54, ,179 Interest/Miscellaneous 54,500 96, % (41,401) -30% 0 0 Transfers from other funds 41,000 42, % 42,912 #DIV/0! 1,591,680 1,099,485 Total Fleet Fund Revenues 1,643,058 1,113,772 68% 14,287 1% FLEET MGMT FUND EXPENSES: 356, ,133 Salaries/Benefits 359, ,159 67% 45,026 23% 538, ,546 Operating Supplies & Services 515, ,651 56% 12,105 4% 912, ,692 Capital 949, ,608 58% (29,084) -5% 1,806,209 1,055,371 Total Fleet Fund Expenses 1,824,652 1,083,418 59% 28,047 3%

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19 INFORMATION SYSTEMS REVENUES: 1,534,246 1,153,953 Lease Payments 1,897,189 1,458,891 77% 304,938 26% 0 0 Grant Revenue 0 37,220 #DIV/0! 37,220 #DIV/0! 2,200 14,117 Interest/Miscellaneous 2,000 2, % (11,488) -81% 1,536,446 1,168,070 Total Information Systems Revenues 1,899,189 1,498,740 79% 330,670 28% INFORMATION SYSTEMS EXPENSES: 623, ,861 Salaries/Benefits 825, ,193 70% 213,332 58% 799, ,993 Operating Supplies & Services 876, ,068 69% 44,075 8% 163, ,131 Capital 250, ,995 75% (27,136) -13% 1,586,237 1,139,985 Total Information Systems Expenses 1,952,504 1,370,256 70% 230,271 20% CAPITAL PROGRAMS FUND REVENUES: 509, ,494 Highway Users Tax 518, ,756 58% (49,738) -14% 25,000 10,760 ROW Permit Fees 25,000 28, % 17, % 2,000 (663) Interest/Miscellaneous 2,000 2, % 2, % 1,337,800 1,003,350 Transfer from SUT Fund 1,491,800 1,118,850 75% 115,500 12% 1,874,200 1,365,941 Total Capital Programs Revenues 2,037,200 1,451,781 71% 85,840 6% CAPITAL PROGRAMS FUND EXPENDITURES: 1,931,700 1,551,459 Street Improvements 2,073,550 1,240,242 60% (311,217) -20% 146,000 38,941 Traffic Signals 90,100 46,063 51% 7,122 18% 2,077,700 1,590,400 Total Capital Programs Expenditures 2,163,650 1,286,305 59% (304,095) -19%

20 SUT CAPITAL FUND REVENUES: 5,825,500 3,934,995 Sales & Use Tax 6,380,331 4,099,289 64% 164,294 4% 150, ,775 Building Use Tax 153, , % (48,635) -19% 6,524,000 1,018,000 Grants/Misc 16,370,200 6,457,162 39% 5,439, % 5,000 1,549 Interest 6,000 16, % 15, % 153, ,601 Solar PV Transfers 160,952 84,865 53% (21,736) -20% 260, ,250 Transfer from Open Space Fund 260, ,020 75% (230) 0% 700,000 0 Transfer from Golf Course Fund 700, % 0 #DIV/0! 1,000,000 0 Transfer from Other Funds 0 0 #DIV/0! 0 #DIV/0! 500,000 0 Sale of Fixed Assets 1,519, % 0 #DIV/0! 15,118,409 5,519,170 Total SUT Fund Revenues 25,550,460 11,067,337 43% 5,548, % SUT CAPITAL FUND EXPENDITURES: 3,501, ,086 Debt Service 3,500, ,148 13% (42,938) -9% 0 0 Transfer to Community Center Fund 25,000 25, % 25,000 #DIV/0! 1,337,800 1,003,350 Transfer to Capital Programs Fund 1,491,800 1,118,853 75% 115,503 12% 505,000 0 Interfund Loan Catamount Land 1,523, % 0 #DIV/0! 181,648 15,141 Interfund Loan - PV/Solar 227,632 18,883 8% 3,742 25% 3,900 3,500 Professional Services 3,900 76, % 73, % 100,000 85,822 Fire Equipment 0 0 #DIV/0! (85,822) -100% 1,000, ,926 Curb, Gutter, Sidewalk Imprv. 1,035, ,097 66% (178,829) -21% 44,800 7,524 Traffic Calming 350, ,088 33% 107, % 0 0 City Gateways 40,000 11,835 30% 11,835 #DIV/0! 0 0 Arterial Streetscapes 10, % 0 #DIV/0! 0 0 Corporate Circle Traffic Islands 70,000 4,627 7% 4,627 #DIV/0! 0 0 North Washington Streetscape 435,000 27,829 6% 27,829 #DIV/0! 100,000 77,289 US 6 Bike Path 0 0 #DIV/0! (77,289) -100% 500,000 0 GURA - Colfax Improvements 500, % 0 #DIV/0! 500,000 9,650 GURA - Downtown Improvements 500, % (9,650) -100% 28,500 24,127 Xcel Undergrounding 0 0 #DIV/0! (24,127) -100%

21 1,104, ,115 Heritage Road Complete Street 0 25,447 #DIV/0! (782,668) -97% 6,000,000 1,041,526 Hwy 6 & 19th Street Interchange 16,800,000 9,711,181 58% 8,669, % 424,345 54,930 Municipal Facilities 626,400 76,654 12% 21,724 40% 50,000 0 Shops Maintenance/Improvements 50,000 47,647 95% 47,647 #DIV/0! 150, ,198 Council Chambers A/V Upgrade #DIV/0! (125,827) -101% 0 0 Police Station Improvements 50, % 0 #DIV/0! 0 0 Finance/PW Software Upgrade 175, % 0 #DIV/0! 393,000 6,485 Police/Fire/Court Software Upgrades 205,000 18,818 9% 12, % 102,060 0 Police Communications Equip/Radios 73, % 0 #DIV/0! 390,000 44,310 Sustainability Improvements - Solar 0 0 #DIV/0! (44,310) -100% 50,000 0 Walkability Improvements 269, ,462 45% 120,462 #DIV/0! 75,000 9,471 Neighborhood Improvements 30,000 12,400 41% 2,929 31% 0 0 Fire Station #4 Improvements 100,000 1,624 2% 1,624 #DIV/0! 37,000 21,400 Planning/PW Bldg Improvements 18, % (21,400) -100% 0 0 P&R Master Plan Update 25,000 9,623 38% 9,623 #DIV/0! 257, ,069 Tucker Gulch Trail 0 0 #DIV/0! (257,069) -100% 1,000,000 0 Ulysses Skate Park 930, ,195 48% 448,195 #DIV/0! 114,500 38,159 Playground Upgrades 0 0 #DIV/0! (38,159) -100% 51,000 4,438 Splash Maintenance/Improvements 60,000 26,233 44% 21, % 32,110 32,107 Clear Creek Stabilization 0 9,800 #DIV/0! (22,307) -69% 5,500 5,472 Museums 0 0 #DIV/0! (5,472) -100% 12,000 0 Public Art Program 62,000 9,402 15% 9,402 #DIV/0! 18,050,934 5,020,095 Total SUT Fund Expenditures 29,186,191 13,039,180 45% 8,019, %

22 OPEN SPACE FUND REVENUES: 555, ,938 Jeffco Open Space 585, ,977 61% 10,039 3% 552,307 0 Grants 552, % 0 #DIV/0! 8,300 2,463 Interest/Miscellaneous 1,500 3, % 1,360 55% 1,115, ,401 Total Open Space Revenues 1,139, ,800 32% 11,399 3% OPEN SPACE FUND EXPENDITURES: 113,600 85,200 Program Maintenance 117,000 87,750 75% 2,550 3% 260, ,250 Transfer to Rec Campus Debt Service 260, ,020 75% (230) 0% 20,000 4,394 Trees 20,000 8,620 43% 4,226 96% 0 0 Master Plan Update 25,000 24, % 24,978 #DIV/0! 0 0 Trail Development - General 0 0 #DIV/0! 0 #DIV/0! 895,000 29,721 44th Ave Trail 851,000 45,282 5% 15,561 52% 168,400 34,162 Park Development/Improvements 89,100 68,689 77% 34, % 0 0 Regional Trail Connections 0 25,000 #DIV/0! 25,000 #DIV/0! 50,000 0 Rooney Rd Sports Reserve Transfer 0 0 #DIV/0! 0 #DIV/0! 25,000 0 Trail Repairs & Maintenance 25, % 68 #DIV/0! 90,000 23,708 Park Repairs & Maintenance 80,000 27,035 34% 3,327 14% 60,000 0 Park Irrigation Improvements 39,050 39, % 39,043 #DIV/0! 1,682, ,435 Total Open Space Expenditures 1,506, ,485 35% 149,050 40%

23 CONSERVATION TRUST REVENUES: 209,100 99,358 State Lottery 196, ,137 86% 69,779 70% 50,000 0 Grants 200, % 0 #DIV/0! 500 (137) Interest/Miscellaneous 71, % % 259,600 99,221 Total Conservation Trust Revenues 467, ,871 36% 70,650 71% CONSERVATION TRUST EXPENDITURES: 34,472 34,472 White Water Course Improvements 50,000 46,348 93% 11,876 34% 140,000 0 Community Center Improvements 70,000 74, % 74,632 #DIV/0! 50,000 0 Astor House Stabilization 500, ,265 21% 104,265 #DIV/0! 224,472 34,472 Total Conservation Trust Expenditures 620, ,245 36% 190, % GDGID REVENUES: 27,719 26,075 Property Taxes 29,244 34, % 7,984 31% 3,300 2,727 Other Taxes 3,300 2,677 81% (50) -2% 3,100 3,412 Interest/Miscellaneous 4, % (2,489) -73% 34,119 32,214 Total GDGID Revenues 37,044 37, % 5,445 17%

24 GDGID EXPENDITURES: 2,700 2,025 Repairs & Maintenance 2,700 2,025 75% 0 0% Treasurer Fees 0 43 #DIV/0! (348) -89% 10,850 0 Parking Lot Rent 11, % 0 #DIV/0! 0 7,122 Non-Capital Projects 10,000 15, % 8, % 2,400 1,800 Insurance Premiums 2,520 1,890 75% 90 5% 16,325 11,338 Total GDGID Expenditures 26,420 19,865 75% 8,527 75% DDA REVENUES: 154, ,822 Property Taxes 163, , % 92,944 62% 20,000 35,309 Sales/Property Tax Increments 67,400 39,832 59% 4,523 13% 400, ,000 City/GURA Contributions 150, , % (250,000) -63% 1,000 3,359 Interest/Miscellaneous 1,200 2, % (689) -21% 575, ,490 Total DDA Revenues 382, , % (153,222) -26% DDA EXPENDITURES: 50,000 6,712 Supplies & Services 52,326 8,838 17% 2,126 32% 65,000 21,537 Admin Fee 65,000 20,178 31% (1,359) -6% 105,000 26,238 Non-Capital Projects 110,000 27,591 25% 1,353 5% 90,000 33,772 Grants 100,000 46,564 47% 12,792 38% 65,000 0 Contingency 50, % 0 #DIV/0! 0 2,555 Capital Projects 150,000 22,363 15% 19, % 375,000 90,814 Total DDA Expenditures 527, ,534 24% 34,720 38%

25 Budgeted Expenditures Period Ending September 30, 2016 Month Year % of Unexpended Account # Description Budget to Date to Date Budget Balance 01 - GENERAL FUND CITY COUNCIL Salaries, Part-time 114,990 9, , % 33, Social Security - FICA 8, , % 2, Worker's Comp % 47 Subtotal - Salaries/Benefits 123,990 9, , % 36, Office Supplies % Professional Services 45, , % 11, Communication Exp - Mayor 1, % Communication Exp - Dist 1 1, % Communication Exp - Dist 2 1, % 1, Communication Exp - Ward 1 1, % 1, Communication Exp - Ward 2 1, % Communication Exp - Ward 3 1, % 1, Communication Exp - Ward 4 1, % 1, Training & Travel 34, , % 22, Dues/Memberships/Subscriptions 34, , % (2,223) Postage % IS Lease 8, , % 1, Printing/Advertising % 455 Subtotal - Supplies & Services 129,742 2, , % 40,215 TOTAL CITY COUNCIL 253,732 11, , % 76,381

26 DISBURSEMENT JOURNAL PAYMENTS > $50,000 07/01/16 to 09/30/16 CHECK # VENDOR NAME AMOUNT PAYMENT DATE EVERGREEN-GOLDENRIDGE LLC 175, /1/ YEH AND ASSOCIATES, INC 71, /1/ CIRSA 106, /8/ CITY OF GOLDEN 56, /15/ TEAM PAIN ENTERPRISES INC 85, /15/ XCEL ENERGY 94, /15/ DANA KEPNER COMPANY 396, /22/ DIAMOND CONTRACTING CORPORATION 138, /22/ ZAYO GROUP HOLDINGS 65, /22/ FASICK CONCRETE INC 75, /29/ WEST 8TH GOLDEN LLC 86, /29/ YEH AND ASSOCIATES, INC 82, /29/ PINKARD CONSTRUCTION CO INC 65, /5/ CITY OF GOLDEN 94, /12/ DANA KEPNER COMPANY 335, /12/ TEAM PAIN ENTERPRISES INC 165, /12/ XCEL ENERGY 87, /12/ DIAMOND CONTRACTING CORPORATION 181, /26/ PORZAK BROWNING & BUSHONG LLP 78, /26/ YEH AND ASSOCIATES, INC 67, /26/ COORS TEK INC 192, /2/ MARTIN MARIETTA MATERIALS 896, /9/ URBAN DRAINAGE & FLOOD CONTROL DISTRICT 200, /9/ XCEL ENERGY 88, /9/ DIAMOND CONTRACTING CORPORATION 117, /16/ TEAM PAIN ENTERPRISES INC 127, /16/ FASICK CONCRETE INC 60, /23/ YEH AND ASSOCIATES, INC 58, /23/ LL JOHNSON DIST. CO. 65, /30/2016 EFT EFTPS (Fed Withholding Tax) 64, /8/2016 EFT EFTPS (Fed Withholding Tax) 74, /8/2016 EFT EFTPS (Fed Withholding Tax) 63, /22/2016 EFT EFTPS (Fed Withholding Tax) 70, /22/2016 EFT UMB BANK 330, /31/2016 EFT EFTPS (Fed Withholding Tax) 63, /5/2016 EFT EFTPS (Fed Withholding Tax) 72, /5/2016 EFT EFTPS (Fed Withholding Tax) 62, /19/2016 EFT EFTPS (Fed Withholding Tax) 69, /19/2016 EFT EFTPS (Fed Withholding Tax) 59, /2/2016 EFT EFTPS (Fed Withholding Tax) 68, /2/2016 EFT UMB BANK 329, /31/2016 EFT EFTPS (Fed Withholding Tax) 55, /16/2016 EFT EFTPS (Fed Withholding Tax) 66, /16/2016 EFT EFTPS (Fed Withholding Tax) 55, /30/2016 EFT EFTPS (Fed Withholding Tax) 68, /30/2016 EFT UMB BANK 371, /30/2016 REGISTER TOTALS PAYMENTS: 46 6,266, LESS VOIDS: TOTAL DISBURSEMENTS 6,266,469.29