BUDGET TRACKING REPORT

Transcription

1 To: or and City Council From: Charles Ozaki, City and County Manager Prepared by: Kevin Standbridge, Deputy City and County Manager Pat Soderberg, Finance Director Joyce Alberts, Budget Manager Valerie Price, Accounting Manager Meeting Date Agenda Category Agenda Item # 1, 218 Manager s Report 13(a) Budget Tracking and Revenue Reports Summary The purpose of this report is to provide a high-level monthly status update on revenues and expenditure performance compared to the adopted budget and the same period of the prior year. Attached is a summary of all financial activity for 218. Highlights for each major fund group follow below, with additional detail and explanation in the remainder of the report. BUDGET TRACKING REPORT All Funds (Attachment 1) This report shows the 218 revenues and expenditures grouped by each category of funds. The shaded lines noted in each fund category report the net results before other sources/uses of funds associated with each fund grouping are considered. More detailed information is presented for each category of funds, based primarily on sources of revenue, on the reports included as Attachments 2 through 5. General Governmental Operating Funds (Attachment 2) The ending fund balance for the General Governmental Operating Funds, as of 218, totaled 9,39,84 which is about 6.9 million more than the budgeted amount. This is largely due to the fact that the 218 beginning balance (i.e. the 217 ending balance) is 4.7 million more than projected. Total 218 revenues for General Governmental Operating Funds year-to-date through were 3.5% higher than the budgeted levels and 39.9% more than 217 revenues. Most of the variance from 218 projected and 217 actual amounts is due to an increase in Building Use Tax, license and permits, and other charges for services. Sales tax revenues in the General Governmental Operating Funds year-to-date were 8.2% (17,73) higher than 218 projections through and 15.6% (34,27) higher than 217 actual amounts. Building Use Tax revenues were 381.1% (829,792) higher than projected through 218, and 777.1% (928,89) more than they were for the same period in 217. This is reflective of the higher than forecasted number of building permits purchased to date in multi-family permits are 198 compared to 4 in 217. Single family permits in 218 are 41 compared to 17 in 217. Total 218 operating expenses, year-to-date through, were 17.8% (833,1) less than budgeted levels and 115.7% (2,66,936) more than the same period of 217. The 218 unspent budget amounts are primarily due to the timing of payments for district attorney services and a 1, credit for operating equipment (this resulted from the timing issue on a voided check for the purchase of snow and ice equipment - in, when the replacement check was issued, the credit balance was resolved). The variance from the prior year amount is primarily due to lower personnel expenses in 217 due to the timing of payroll accruals. Utility Operating Funds (Attachment 3) Total operating revenues through 218 are 6.7% (98,976) less than budgeted estimates and 5.4% (69,61) higher than 217. Operating expenditures for 218 year-to-date were 1.7% (92,24) less than the projected budget and were 17.% (111,682) higher than 217. The 218 budget variance is primarily due to repair and maintenance, and insurance. Additionally, personnel expenses were 43.3% higher than 217 due to the timing of payroll accruals. Capital Funds (Attachment 4) Through,.6% of the General Governmental Capital Budgets and.1% of the Utilities Capital Funds have been spent. These relatively low percentages are typical, given the requirement to fund the entire cost for multi-year projects before the construction contract can be signed. More detailed information on the status of selected projects currently under construction is included on the monthly Manager s Report, presented to City Council in a separate agenda item. Trust Funds (Attachment 5) Interest revenue and benefit payments for the pension plans are reported to Broomfield by the plan administrator on a quarterly basis and posted to the accounts in the month following the end of each quarter. The contributions revenue for 218 is 81.8% (65,98) higher than the revenue for the same period in 217. This is the result of a change in practice for the timing of payments associated with the medical care expense plan. REVENUE REPORT (Attachment 6) Total Sales Tax revenues collected by both operating and capital funds through were 11.93% higher than projected and 3.47% higher than 217. This variance differs from the one reported above for General Governmental Operating funds Sales Tax revenues. This is a factor of where the sales tax revenue is being generated and how it is allocated between operations and capital funds. Year-to-date revenues for All General Governmental Operating type revenue (including transfers) were 27.9% higher than projected for 218 and 4.3% more than 217. Building Use Tax, Building Permit Fees and Water and Sewer License Fees are greater than projected 218. This is reflective of the higher than anticipated number of building permits issued to date (as noted in the General Governmental Operating Funds section, 4th bullet). Prior Council Action Council has received monthly financial updates at Council meetings since 29. Financial Considerations Based on the reports, actual expenditure activity for 217 fell within the budgeted amounts, at the fund level. Alternatives N/A Proposed Actions/Recommendations Staff would appreciate any comments or feedback regarding these reports. 13(a) - Page 1

2 Attachment 1 City and County of Broomfield Monthly Budget Report - All Funds Total Original Budget , 218 Budget 218 Actual 218 Favorable/ (Unfavorable) variance Actual 217 Favorable/ (Unfavorable) variance General Governmental Operating Funds Operating Revenues ( 115,445,147) ( 4,77,328) 6,225,35 3.5%) ( 4,449,14) 39.9%) Operating Expenditures ( (14,359,921) ( (4,686,52) ( (3,853,492) 17.8% ( (1,786,556) (115.7%) Net Operating Results ( 11,85,226) ( 83,826) ( 2,371,813) N/A ( 2,662,548) N/A Other Sources and Uses of Funds(net) ( (12,46,513) ( (487,667) ( (517,667) (6.2%) ( (636,641) 18.7%) Net Sources/Uses of Funds (1,321,287) (43,841) 1,854,146 N/A 2,25,97 N/A Utility Operating Funds Operating Revenues ( 28,24,97) ( 1,467,518) 1,368,542 (6.7%) ( 1,298,941) 5.4%) Operating Expenditures ( (24,197,268) ( (86,433) ( (768,229) 1.7%) ( (656,547) (17.%) Net Operating Results ( 4,43,72) ( 67,85) ( 6,313) N/A ( 642,394) N/A Other Sources and Uses of Funds(net) ( (11,121,54) ( (384,989) ( (376,57) 2.3%) ( (6,88) (518.4%) Net Sources/Uses of Funds (7,77,838) 222,96 224,256 N/A 581,586 N/A General Governmental Capital Funds Annual Revenues 43,321,47 3,571,331 Annual Expenditures ( (67,535,248) ( (46,315) Net Before Other Sources/(Uses) of Funds ( (24,213,841) ( 3,165,16) Other Sources and Uses of Funds(net) ( 2,32,136) ( 1,673,36) Net Sources/Uses of Funds (4,181,75) 4,838,52 Utility Capital Funds Annual Revenues 32,465,37 5,929,513 Annual Expenditures ( (67,158,927) ( (66,612) Net Before Other Sources/(Uses) of Funds ( (34,693,557) ( 5,862,91) Other Sources and Uses of Funds(net) ( - ) ( - ) Net Sources/Uses of Funds (34,693,557) 5,862,91 Trust Funds Annual Revenues ( 27,612,752) ( 1,38,99) 1,475, %) ( 825,926) 78.6%) Annual Expenditures ( (16,626,234) ( (239,433) ( (192,622) 19.6%) ( (282,12) 31.7%) Net Before Other Sources/(Uses) of Funds ( 1,986,518) ( 1,69,557) ( 1,282,667) N/A ( 543,86) N/A Other Sources and Uses of Funds(net) ( - ) ( - ) ( - ) N/A ( - ) N/A Net Sources/Uses of Funds 1,986,518 1,69,557 1,282,667 N/A 543,86 N/A Total: All Funds Total Revenues 247,85,646 18,569,98 Total Expenditures ( (279,877,598) ( (5,287,27) Net Before Other Sources/(Uses) of Funds ( (32,791,952) ( 13,282,71) Other Sources and Uses of Funds(net) ( (3,495,917) ( 779,312) Net Sources/Uses of Funds (1) (36,287,869) 14,62,22 (1) In governmental budgeting, particularly in capital funds, it is not unusual for the total net sources/uses of funds in a given year to reflect an overall decrease (net use of funds). This is the result of planned utilization of fund balances to cover expenditure of funds for current year needs (this may include one-time operating costs for implementation of enhanced services or spending for large capital projects). For the 218 budget, beginning fund balances of 226,759,634 are projected to decrease 36,287,869 - as shown in the 218 Budget Column above - resulting in a projected ending fund balance of 19,471, (a) - Page 2

3 City and County of Broomfield Monthly Budget Report of General Governmental Operating Funds (Excludes Capital, Utility Enterprise and Trust Funds) 31, 218 Original Budget 218 Budget 218 Actual 218 Favorable/ (Unfavorable) variance 218 Budget to Actual Actual 217 Attachment 2 Favorable/ (Unfavorable) variance 218 to 217 Annual Revenues Taxes Sales Tax (including Sales Tax Audit Revenue) ( 31,11,584) ( 2,87,52) ( 2,258,223) 8.2%) ( 1,953,953) 15.6%) Property Tax ( 34,61,68) ( (1,956) ( - ) (1.%) ( (12,275) (1.%) Specific Ownership Tax ( 2,346,69) ( -) ( - ) N/A ( -) N/A Use Tax - Building Materials ( 3,283,623) ( 217,729) ( 1,47,521) 381.1%) ( 119,432) 777.1%) Use Tax - Vehicle ( 3,495,7) ( 281,227) ( 34,271) 21.%) ( 329,974) 3.1%) Gas and Electric Tax ( 2,437,) ( -) ( - ) N/A ( -) N/A Other Taxes ( 1,898,) ( 2,41) ( 1,2) (41.2%) ( 29) 313.8%) License and Permits ( 3,147,45) ( 351,463) ( 692,748) 97.1%) ( 324,243) 113.7%) Intergovernmental Health and Human Services ( 1,366,1) ( 2,631) ( 8,95) 27.7%) ( 1,94) 325.2%) Highway User Tax/Registration Fees ( 2,367,931) ( 159,53) ( 188,84) 18.4%) ( 187,423).7%) Other Intergovernmental ( 1,24,755) ( 83,46) ( 63,618) (23.8%) ( 14,298) (39.%) Charges for Services Recreation Services ( 5,433,869) ( 556,573) ( 379,895) (31.7%) ( 598,395) (36.5%) Internal Services ( 7,77,79) ( 589,58) ( 589,816).%) ( 53,911) 17.%) Other Charges for Service ( 5,11,18) ( 34,65) ( 488,128) 43.3%) ( 264,282) 84.7%) Investment Earnings ( 482,7) ( 1,459) ( 4,853) 232.6%) ( 2,447) 98.3%) Other Revenue ( 1,181,85) ( 98,448) ( 162,133) 64.7%) ( 7,827) 128.9%) Revenues-General Government Operating Funds 115,445,147 4,77,328 6,225,35 3.5%) 4,449, %) Annual Expenditures Personnel ( 68,751,221) ( 2,644,278) ( 2,741,769) (3.7%) ( 542,428) (45.5%) Supplies ( 5,113,423) ( 18,588) ( 166,877) 7.6%) ( 157,29) (6.3%) Contractual Professional Services ( 5,559,641) ( 232,278) ( 12,18) 48.3%) ( 192,516) 37.7%) District Attorney Services ( 2,18,248) ( 175,687) ( - ) 1.%) ( -) N/A Community Based Organizations ( 1,556,63) ( 113,476) ( 99,8) 12.7%) ( 79,39) (24.8%) Insurance ( 2,182,24) ( 51,86) ( 252,645) 5.5%) ( 237,41) (6.4%) Utilities ( 4,891,358) ( 51,943) ( 82,179) (58.2%) ( 1,994) 18.6%) Repair and Maintenance ( 5,368,47) ( 558,686) ( 385,94) 3.9%) ( 377,274) (2.3%) Other - Training; Printing; Postage; Dues; Rental ( 2,755,94) ( 195,314) ( 11,58) 48.3%) ( 99,697) (1.4%) Operating Equipment ( 614,2) ( 22,) ( (1,65) 554.8%) ( -) N/A Human Services Client Benefits ( 5,459,72) ( 1,446) ( 4,27) (178.5%) ( (173) %) Expenditures-General Government Operating Funds 14,359,921 4,686,52 3,853, %) 1,786,556 (115.7%) Net Operating Results - Over/(Under) 11,85,226 83,826 2,371,813 N/A 2,662,548 N/A Other Sources/(Uses) of Funds Capital Funds - Transfers Out ( (5,851,998) ( (487,667) ( (487,667).%) ( (636,641) 23.4%) Debt/Lease Payments ( (3,941,531) ( -) ( - ) N/A ( -) N/A Contribution to Benefit Plans ( (1,651,199) ( -) ( (3,) N/A ( -) N/A Transfers to Reserves ( (1,31,785) ( -) ( - ) N/A ( -) N/A Transfers from Reserves ( 7,) ( -) ( - ) N/A ( -) N/A Subtotal Other Sources/(Uses) of Funds (12,46,513) (487,667) (517,667) (6.2%) (636,641) 18.7%) Net Sources/ (Uses) of Funds (1,321,287) (43,841) 1,854,146 N/A 2,25,97 N/A Beginning Fund Balance (does not include Reserves) 2,788,32 2,788,32 7,455,658 N/A 6,384,78 N/A Ending Fund Balance (does not include Reserves) 1,467,33 2,384,479 9,39,84 N/A 8,49,985 N/A 13(a) - Page 3

4 Attachment 3 City and County of Broomfield Monthly Budget Report of Utilities Operating Funds 31, 218 Original Budget 218 Budget 218 Actual 218 Favorable/ (Unfavorable) variance 218 Budget to Actual Actual 217 Favorable/ (Unfavorable) variance 218 to 217 Annual Revenues Charges for Services ( 26,988,927) ( 1,363,181) ( 1,299,137) (4.7%) ( 1,229,596) 5.7%) Environmental Compliance Fee (ECF) ( 757,82) ( 63,152) ( 61,995) (1.8%) ( 6,88) 2.%) Other (Interest, Contributions, Fees) ( 494,223) ( 41,185) ( 7,41) (82.%) ( 8,537) (13.2%) Operating Revenues - Utilities Funds 28,24,97 1,467,518 1,368,542 (6.7%) 1,298, %) Annual Operating Expenditures Personnel ( 6,2,299) ( 238,473) ( 248,96) (4.4%) ( 49,465) (43.3%) Supplies Chemicals ( 85,25) ( 25,65) ( 17,484) 31.8%) (5,577) 65.4%) Equipment (less then 5,) ( 486,133) ( 925) ( 5,45) (484.6%) ( 2,5) (169.6%) Other Supplies ( 573,889) ( 2,825) ( 14,712) 29.4%) (7,19) (14.6%) Contractual Contractual Services ( 976,415) ( 42,579) ( 25,18) 41.%) ( 31,14) 19.3%) Denver Water ( 6,628,749) ( -) ( -) N/A ( -) N/A Water Fees - CBT/NCWCD ( 1,972,234) ( -) ( -) N/A ( 141,29) 1.%) Repair and Maintenance ( 479,938) ( 62,11) ( 32,5) 47.7%) (13,758) (136.2%) Insurance ( 274,513) ( 74,723) ( 32,438) 56.6%) (26,561) (22.1%) Utilities ( 1,6,648) ( 34,461) ( 33,831) 1.8%) (1,39) (228.2%) Services Rendered - General Fund ( 3,837,8) ( 319,757) ( 319,757) (.%) (295,578) (8.2%) Other - Training; Printing; Postage; Dues; Rental ( 317,345) ( 4,939) ( 38,34) 7.1%) (28,71) (32.5%) Operating Expenditures - Utilities Funds 24,197,268 86, , %) 656,547 (17.%) Net Operating Results - Over/(Under) 4,43,72 67,85 6,313 N/A 642,394 N/A Other Sources/(Uses) of Funds Operating Equipment (greater than 5,) ( (28,) ( -) ( -) N/A ( - ) N/A Operating Capital Water Operating Capital Repair and Maintenance ( (5,921,66) (47,591) ( (43,617) 8.4%) ( -) N/A Sewer Operating Capital Repair and Maintenance ( (4,82,72) (24,246) ( (22,995) 5.2%) ( -) N/A Reuse Water Operating Capital Repair and Maintenance ( (47,9) ( (25,) ( (247,45) 1.%) ( -) N/A Transfers to Operating Reserves ( (11,653) ( -) ( -) N/A ( -) N/A Transfers from ECF Reserves ( 98,) ( -) ( -) N/A ( -) N/A Transfers to ECF Reserves ( (757,82) (63,152) ( (61,995) 1.8%) ( (6,88) (2.%) Transfers to Defined Benefit Pension Plan ( (38,52) ( -) ( -) N/A ( -) N/A Debt Service Payment ( (511,267) ( -) ( -) N/A ( -) N/A Subtotal Other Sources/(Uses) of Funds (11,121,54) (384,989) (376,57) 2.3%) (6,88) (518.4%) Net Sources /(Uses) of Funds (7,77,838) 222,97 224,256 N/A 581,586 N/A Beginning Fund Balance (does not include Reserves) 25,449,96 25,449,96 3,182,358 N/A 29,374,671 N/A Ending Fund Balance (does not include Reserves) 18,372,122 25,672,57 3,46,614 N/A 29,956,257 N/A 13(a) - Page 4

5 Attachment 4 City and County of Broomfield General Governmental and Utility Capital Funds 31, 218 General Governmental Funds Utilities Funds Original Budget 218 Actual 218 Actual as a % of Budget Original Budget 218 Actual 218 Actual as a % of Budget Annual Revenues Taxes ( 4,461,682) ( 3,549,63) 8.8%) ( -) ( -) N/A Intergovernmental ( 1,887,) ( -).%) ( -) ( -) N/A Charges for Services ( -) ( -) N/A ( 31,26,793) ( 5,929,15) 19.1%) Other (Interest, Contributions, Fees) ( 972,725) ( 21,728) 2.2%) ( 1,438,577) ( 48).%) Total Annual Revenues 43,321,47 3,571, %) 32,465,37 5,929, %) Capital Expenditures Capital Improvement Program Projects Building & Facilities ( 17,55,85) ( 4,158).%) ( -) ( -) N/A Drainage & Stormwater ( 165,) ( -).%) ( -) ( -) N/A Community Development ( 7,96,428) ( -).%) ( -) ( -) N/A Information Technology ( 4,128,1) ( 19,46).5%) ( -) ( -) N/A Landscaping ( 827,975) ( 6).1%) ( -) ( -) N/A Open Space Acquisition & Improvement ( 82,328) ( -).%) ( -) ( -) N/A Parks & Recreation ( 3,185,) ( 149,485) 4.7%) ( -) ( -) N/A Planning & Miscellaneous ( 585,) ( -).%) ( -) ( -) N/A Public Art & Culture ( 245,579) ( 29,581) 12.%) ( -) ( -) N/A Trail Improvements ( 433,9) ( -).%) ( -) ( -) N/A Transportation ( 12,485,895) ( 23,31) 1.6%) ( -) ( -) N/A Vehicle & Equipment ( 1,835,378) ( -).%) ( -) ( -) N/A Utility Funds Projects Water Fund Projects ( -) ( -) N/A ( 27,12,326) ( 43,617).2%) Sewer Fund Projects ( -) ( -) N/A ( 3,847,865) ( 22,995).1%) Reuse Fund Projects ( -) ( -) N/A ( 26,54) ( -).%) Lease Payments - General Governmental Funds ( 3,739,97) ( -).%) ( -) ( -) N/A Debt Service on Bonds- General Governmental Funds ( 13,643,98) ( -).%) ( -) ( -) N/A Debt Service on Bonds - Utilities Funds ( -) ( -) N/A ( 9,38,196) ( -).%) Total Capital Expenditures 67,535,248 46,315.6%) 67,158,927 66,612.1%) Net Before Other Sources/(Uses) of Funds (24,213,841) 3,165,16 (13.1%) (34,693,557) 5,862,91 (16.9%) Other Sources/(Uses) of Funds Transfers to Reserves ( (7,921,545) ( (656,438) 8.3%) ( -) ( -) N/A Transfers from Reserves ( 22,11,683) ( 1,841,87) 8.3%) ( -) ( -) N/A Interfund Transfers In ( 5,851,998) ( 487,667) 8.3%) ( -) ( -) N/A Subtotal Other Sources/(Uses) of Funds 2,32,136 1,673,36 8.4%) ( -) ( -) N/A Net Annual Activity (4,181,75) 4,838,52 N/A (34,693,557) 5,862,91 N/A Beginning Balance, in excess of Reserves 16,936, ,221,223 N/A 6,841,53 8,745,21 N/A Ending Fund Balance (does not include Reserves) 12,755, ,59,275 N/A 26,147,946 86,67,922 N/A Ending Balance by Fund Budget Actual Budget Actual Sale & Use Tax Capital Improvement Fund (CIP) 24,24 96,921,487 Asset Replacement Fund ( 2,112,191) ( 8,792,676) Conservation Trust Fund (Lottery Funds) ( 474,46) ( 1,519,576) Open Space and Parks Fund ( 191,555) ( 5,541,998) Service Expansion Fee Fund (SEF) ( 8,545,526) ( 1,71,187) Development Agreement Fund ( 1,145,176) ( 4,64,99) Debt Service Fund ( 262,435) ( 147,442) Utilities Funds 26,147,946 86,67,922 Total Ending Fund Balance 12,755, ,59,275 26,147,946 86,67,922 Note 1. The ending fund balance does not include reserve amounts that have been earmarked for specific uses. The projected ending reserve balance, as of 218, held in the Governmental Capital Funds are estimated to be: 1,179,977 Facilities Improvements; 4,827,632 Asset Protection; 313,684 Open Space- Markel Parcel 4; CIP Fund - Debt Sinking Fund 11,148,317 and 13,699,77 Debt Service Reserves. The projected Debt Service Reserves held in the Utility Funds as of 218 equal 38,151, (a) - Page 5

6 Attachment 5 City and County of Broomfield Monthly Budget Report - Trust Funds 31, 218 Original Budget 218 Budget 218 Actual 218 Favorable/ (Unfavorable) variance 218 Budget to Actual Actual 217 Favorable/ (Unfavorable) variance 218 to 217 Annual Revenues Contributions ( 18,861,715) ( 1,281,93) ( 1,445,215) 12.8%) (795,117) 81.8%) Other (Interest and Other Fees) ( 8,751,37) ( 27,897) ( 3,74) 7.8%) (3,89) (2.4%) Revenues 27,612,752 1,38,99 1,475, %) 825, %) Annual Operating Expenditures Benefit Payments ( 14,672,26) ( 1,) ( 76,465) 23.5%) (174,585) 56.2%) Insurance ( 1,138,629) ( 94,886) ( 82,145) 13.4%) (78,396) (4.8%) Administrative & Other ( 815,399) ( 44,547) ( 34,12) 23.6%) (29,139) (16.7%) Operating Expenditures 16,626, , , %) 282, %) Net Sources/ (Uses) of Funds 1,986,518 1,69,557 1,282,667 N/A 543,86 N/A Beginning Fund Balance (does not include Reserves) 12,742,977 12,742, ,849,771 N/A 18,354,621 N/A Ending Fund Balance (does not include Reserves) 131,729, ,812,534 13,132,438 N/A 18,898,427 N/A Ending Balance by Fund 218 Budget Budget 218 Actual 217 Actual Employee Medical Care Plan 2,237,131 3,371,34 4,48,271 2,715,27 General Employee Pension Retirement Plan ( 1,695,638) (1,14,669) ( 1,35,46) ( 9,143,698) General Employee Money Purchase Retirement Plan* ( 65,616,555) (6,279,939) ( 64,49,239) ( 54,539,421) Police Employee Defined Pension Retirement Plan ( 19,674) (37,444) ( 69,987) ( 36,316) Police Employee Money Purchase Retirement Plan* ( 5,675,883) (45,99,649) ( 49,157,78) ( 4,769,634) Retiree Health Savings ( 2,484,614) ( 1,992,529) ( 2,97,457) ( 1,694,88) Total Ending Fund Balance 131,729, ,812,534 13,132,438 18,898,427 * The Money Purchase plans are defined contribution retirement plans. The amounts held in these funds are employee retirement accounts held in trust. 13(a) - Page 6

7 Attachment 6 City and County of Broomfield Financial Report Revenue Tracking System Report #218-1 for, 218 Prepared by the Broomfield Finance Department 13(a) - Page 7

8 Table 1 Sales Tax Revenues - Total Operating and Capital Original 218 Budget Estimate 58,429,95 Current Projected 218 Revenues Based on Revenues Received To-Date 65,41,318 6,972,223 Actual - % Above (Below) Budget Estimate 11.93% Sales Tax Revenues- Month to Month 1,, 9,, 8,, 7,, 6,, 5,, 4,, 3,, 2,, 1,, 215 Actual 216 Actual 217 Actual 218 Projection 218 Actual Sales Tax Revenue- Total to Date 7,, 6,, 5,, 4,, 3,, 2,, 1,, 215 Actual 216 Actual 217 Actual 218 Projection 218 Actual 216 includes 32, of prior year sales tax 4/4/218 13(a) - Page 8

9 Table 2 Use Tax on Vehicles Original 218 Budget Estimate 6,33,145 Current Projected 218 Revenues Based on Revenues Received To-Date 7,339,555 1,36,41 Actual - % Above (Below) Budget Estimate 21.65% 7, Use Tax on Vehicles- Month to Month 6, 5, 4, 3, 2, 1, 215 Actual 216 Actual 217 Actual 218 Projection 218 Actual Use Tax on Vehicles- Total to Date 7,, 6,, 5,, 4,, 3,, 2,, 1,, 215 Actual 216 Actual 217 Actual 218 Projection 218 Actual 4/4/218 13(a) - Page 9

10 Table 3 Use Tax on Building Materials Original 218 Budget Estimate Current Projected 218 Revenues Based on Revenues Received To-Date 7,234,175 15,34,87 8,15,912 Actual - % Above (Below) Budget Estimate 112.5% Use Tax on Building Materials- Month to Date 2,5, 2,, 1,5, 1,, 5, 215 Actual 216 Actual 217 Actual 218 Projection 218 Actual Use Tax on Building Materials- Total to Date 8,, 7,, 6,, 214 Data 5,, 4,, 3,, 2,, 1,, 215 Actual 216 Actual 217 Actual 218 Projection 218 Actual * Monthly collections have not shown a repeatable pattern. The 217 monthly budget estimates for residential and add-on construction were projected as if revenues are received equally each month. Multi-family and new construction projects have been included in the month the project is estimated to pull the permit. 4/4/218 13(a) - Page 1

11 Table 4 Property Tax Revenue Original 218 Budget Estimate Current Projected 218 Revenues Based on Revenues Received To-Date 39,347,195 39,347,195 Actual - % Above (Below) Budget Estimate.% Property Tax- Month to Month 16,, 14,, 12,, 1,, 8,, 6,, 4,, 2,, -2,, 215 Actual 216 Actual 217 Actual 218 Projection 218 Actual Property Tax- Total to Date 45,, 4,, 214 Data 35,, 3,, 25,, 2,, 15,, 1,, 5,, 215 Actual 216 Actual 217 Actual 218 Projection 218 Actual * The first property tax collections occur in of each year. * Negative amounts reflect abatements. * The revenues associated with Property Taxes are set each year by assessed valuation and mill levies. The total amount projected on an annual basis should remain at the original budgeted 4/4/218 13(a) - Page 11

12 Building Permit Fees Original 218 Budget Estimate 2,713,97 Current Projected 218 Revenues Based on Revenues Received To-Date 4,352,326 1,638,356 Actual - % Above (Below) Budget Estimate 6.37% Building Permit Fees- Month to Date 7, 6, 5, 4, 3, 2, 1, 215 Actual 216 Actual 217 Actual 218 Projection 218 Actual Building Permit Fees- Total to Date 3,, 214 Data 2,5, 2,, 214 Data 1,5, 1,, 5, 215 Actual 216 Actual 217 Actual 218 Projection 218 Actual * Modified Cash Basis. 4/4/218 13(a) - Page 12

13 Table 6 Highway Users' Tax Original 218 Budget Estimate 2,137,931 Current Projected 218 Revenues Based on Revenues Received To-Date 2,261, ,92 Actual - % Above (Below) Budget Estimate 5.8% 25, Highway Users' Tax Month to Month 2, 15, 1, 5, 215 Actual 216 Actual 216 Actual 218 Projection 218 Actual Highway Users' Tax- Total to Date 2,5, 2,, 1,5, 1,, 5, 215 Actual 216 Actual 217 Actual 218 Projection 218 Actual 4/4/218 13(a) - Page 13

14 Table 7 All General Operating Governmental Type Revenues Original 218 Budget Estimate 127,665,823 Current Projected 218 Revenues Based on Revenues Received To-Date 163,287,95 35,621,272 Actual - % Above (Below) Budget Estimate 27.9% 25,, All General Governmental Type Revenues- Month to Month 2,, 15,, 1,, 5,, 215 Actual 216 Actual 217 Actual 218Projection 218 Actual 14,, All General Governmental Type Revenues- Total to Date 12,, 1,, 8,, 6,, 4,, 2,, 215 Actual 216 Actual 217 Actual 218 Projection 218 Actual 4/4/218 13(a) - Page 14

15 Table 8 Water Sales Revenue Original 218 Budget Estimate 17,327,432 Current Projected 218 Revenues Based on Revenues Received To-Date 16,52,94 (824,492) Actual - % Above (Below) Budget Estimate (4.76%) Water Sales Revenue- Month to Month 2,5, 2,, 1,5, 1,, 5, 215 Actual 216 Actual 217 Actual 218 Projection 218 Actual Water Sales Revenue- Total to Date 2,, 214 Data 18,, 16,, 14,, 12,, 1,, 8,, 6,, 4,, 2,, 215 Actual 4/4/ Actual 217 Actual 218 Projection 218 Actual 13(a) - Page 15

16 Table 9 Water License Fees Revenue Original 218 Budget Estimate 17,76,296 Current Projected 218 Revenues Based on Revenues Received To-Date 22,68,513 Actual - % Above (Below) Budget Estimate 4,38, % Water License Fees- Month to Month 4,5, 4,, 3,5, 3,, 2,5, 2,, 1,5, 1,, 5, 215 Actual 216 Actual 217 Actual 218 Projection 218 Actual Water License Fees- Total to Date 2,, 18,, 214 Data 16,, 14,, 12,, 1,, 8,, 6,, 4,, 2,, 215 Actual 216 Actual 217 Actual 218 Projection 218 Actual * Modified Cash Basis. * Monthly collections have not shown a repeatable pattern. The 217 monthly budget estimates for residential and add-on construction were projected as if revenues are received equally each month. Multi-family and new construction projects have been included in the month the project is estimated to pull the permit. 4/4/218 13(a) - Page 16

17 Table 1 Sewer Charges Revenue Original 218 Budget Estimate 6,568,32 Current Projected 218 Revenues Based on Revenues Received To-Date 6,99,55 341,23 Actual - % Above (Below) Budget Estimate 5.2% Sewer Charges Revenue- Month to Month 1,2, 1,, 8, 6, 4, 2, 215Actual 216 Actual 217 Actual 218 Projection 218 Actual Sewer Charges Revenue- Total to Date 7,, 214 Data 6,, 5,, 4,, 3,, 2,, 1,, 215 Actual 4/4/ Actual 217 Actual 218 Projection 218 Actual 13(a) - Page 17

18 Table 11 Sewer License Fees Original 218 Budget Estimate 12,48,677 Current Projected 218 Revenues Based on Revenues Received To-Date 24,36,234 11,825,557 Actual - % Above (Below) Budget Estimate 94.75% Sewer License Fees- Month to Month 4,5, 4,, 3,5, 3,, 2,5, 2,, 1,5, 1,, 5, 215 Actual 216 Actual 217 Actual 218 Projection 218 Actual Sewer License Fees- Total to Date 14,, 214 Data 12,, 1,, 8,, 6,, 4,, 2,, 215 Actual 216 Actual 217 Actual 218 Projection 218 Actual * Modified Cash Basis. * Monthly collections have not shown a repeatable pattern. The 217 monthly budget estimates for residential and add-on construction were projected as if revenues are received equally each month. Multi-family and new construction projects have been included in the month the project is estimated to pull the permit. 4/4/218 13(a) - Page 18

19 Table 12 Enterprise Funds Revenues Original 218 Budget Estimate 63,88,75 Current Projected 218 Revenues Based on Revenues Received To-Date 177,3, ,915,235 Actual - % Above (Below) Budget Estimate 18.56% Enterprise Funds- Month to Month 16,, 14,, 12,, 1,, 8,, 6,, 4,, 2,, 215 Actual 216 Actual 217 Actual 218 Projection 218 Actual Enterprise Funds- Total to Date 7,, 214 Data 6,, 5,, 4,, 3,, 2,, 1,, 215 Actual 4/4/ Actual 217 Actual 218 Projection 218 Actual 13(a) - Page 19