TOTAL GENERAL FUND REVENUES

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1 General Fund Revenues Budget Actual Actual Budget Actual Actual FY FY GENERAL PROPERTY TAXES: NON-CATEGORICAL AID: Current Real Estate Taxes 9,460, Rolling Stock/Rental Car Taxes 21,000 11,860 2,363 Delinquent Real Property Taxes 140,000 47,386 57,065 Grantor's Taxes (Tax On Deeds) 50,000 18,733 17,630 Public Service Corp - RE & PP Taxes 342, Total Non-Categorical Aid 71,000 30,593 19,993 Current Personal Property Taxes 1,350,000 38,679 38,679 Delinquent Personal Property Taxes 25,000 10,138 5,269 SHARED COSTS-CATEGORICAL: Current Business Property Taxes 1,225, Comm. Atty / Sheriff / Med. Examiner 1, ,227 Delinquent Business Property Taxes 20,000 6,100 4,612 Commissioner of Revenue 69,200 12,336 11,575 Penalties and Interest 90,600 17,143 14,104 Treasurer 16,500 2,658 1,876 Total General Property Taxes 12,652, , ,729 Registrar 36, Total Shared Costs 124,200 15,012 14,678 LOCAL TAXES: Virginia Power/VNG 290,000 49,483 55,671 EDUCATION: Communication Taxes 740, , ,291 State Sales Tax 985, , ,445 Business Licenses Taxes 1,550,000-4,551 4,493 Franchise License Taxes 129,000 15,518 16,084 OTHER CATEGORICAL AID: Bank Stock Taxes 190, Funds 373, Recordation Taxes 160,000 23,493 43,103 Emergency Services Grants 25,000 25,000 0 Cigarette Taxes 180,000 21,744 59,354 FEMA Reimbursement ,245 Room Taxes 3,300, , ,557 Streets & Sidewalks 1,565, $2 Lodging Taxes 1,300, , ,158 Fire Programs 49,000 6,277 5,314 Meal Taxes 6,372,000 1,210,251 1,223,859 Total Other Categorical Aid 2,012,313 31, ,559 Total Other Local Taxes 14,211,000 2,473,998 2,603,570 NON-REVENUE RECEIPTS: PERMITS AND LICENSES: 134,630 34,865 22,288 Overtime-Police & Fire 90,000 25,750 6,990 Arts Commission 65,000 65,000 65,000 FINES AND FORFEITURES: 220,500 36,778 62,783 Enterprise Fund - Overhead Charges 620, Total Non-Revenue Receipts 775,000 90,750 71,990 USE OF MONEY AND PROPERTY: Rents 618, , ,248 Subtotal General Fund Revenue 33,176,575 3,303,693 3,554,631 Sale of Materials & Supplies 9, ,076 Transfer From (To) Surplus 95,855 2,431,172 2,063,350 Total Use of Money and Property 627, , ,324 TOTAL GENERAL FUND REVENUES 33,272,430 5,734,865 5,617,981 FEES AND CHARGES: Parks & Recreation 385,650 74,528 75,903 Planning & Comm. Development 36,600 6,725 10,144 Payments In Lieu of Taxes 99, EMS Recovery Fees 530,000 97,180 66,325 Emergency Service Agreement 250, Other 60,663 14,522 11,900 Total Fees and Charges 1,361, , ,272 FIN - 1

2 General Fund Expenditures Budget Actual Actual Budget Actual Actual FY FY LEGISLATIVE: PUBLIC WORKS: Mayor and City Council 136,269 24,024 36,245 Engineering 259,027 46,938 43,409 Clerk of Council 170,822 30,127 26,151 Street Department 1,087, , ,217 Total Legislative 307,091 54,152 62,396 Refuse Collection 673, ,633 82,982 Facilities Maintenance 446, ,426 92,754 GENERAL & FINANCIAL ADMINISTRATION: Landscaping 539, , ,483 City Manager 537,770 98,384 91,373 Total Public Works 3,005, , ,845 Non-departmental - Contingency 359,550 51, ,252 Economic Development 218,992 33,068 17,693 HEALTH & HUMAN SERVICES: Legal-City Attorney 248,699 44,311 34,800 Health Agencies 184, , ,015 Human Resources 100,391 16,937 17,146 Mosquito Control 6,950 5, Triangle Management 47,680 1,367 0 Colonial Behavioral Health 250, , ,930 Commissioner of Revenue 204,063 33,120 29,910 Public Assistance 802, City Assessor 170,610 33,590 34,064 Total Health & Human Services 1,244, , ,939 Treasurer 56,848 11,142 11,484 Finance 709, , ,600 EDUCATION: 8,380,656 1,242,174 1,102,374 Information Technology 627, , ,621 City Shop 237,422 43,266 40,455 PARKS AND RECREATION: Total General & Financial Admistration 3,518, , ,398 Administration 416,156 71,060 65,394 Supervision of Parks 229,516 42,178 41,416 BOARD OF ELECTIONS: Programs 598, , ,223 Electoral Board and Officials 23,039 4,576 4,414 Cemetery 63,209 11,724 11,896 Registrar 93,129 13,925 12,595 Total Parks and Recreation 1,307, , ,929 Total Board of Elections 116,168 18,501 17,009 CULTURAL: ADMINISTRATION OF JUSTICE: Williamsburg Regional Library 820, , ,604 Joint Activities - Courthouse 420,000 47,098 59,319 COMMUNITY DEVELOPMENT: PUBLIC SAFETY: Planning 487,673 83,576 80,469 Police 4,256, , ,159 Contributions - WADMC 1,300, , ,100 Prince George Parking Garage 135,915 24,665 23,073 Contributions - Other Tourism Promotion 1,950, , ,500 Fire 3,655, , ,437 Contributions To Other Entities 685, , ,229 Regional Jail 1,191, , ,208 Total Community Development 4,423, , ,298 Juv Det/Group Home Com/Colonial Com Cor 139,422 27,980 39,567 Codes Compliance 330,817 62,189 57,342 TOTAL GENERAL FUND EXPENDITURES 33,272,430 5,734,865 5,617,981 Animal Control 18,900 4,725 0 Medical Examiner Total Public Safety 9,728,480 1,588,901 1,399,870 FIN - 2

3 Sales Tax Fund Budgeted Actual Actual Revenue Collected Collected REVENUES: FY Local 1% Taxes 4,200, , ,135 Delinquent Local 1% Taxes 0 315,080 0 Interest Income 100,000 22,220 25,349 Courthouse Maintenance Transfer 150, ,631 State School Construction Funds Bond Proceeds 5,500, Miscellaneous ,000 Grant Revenue 492,000 8,360 0 Transfer from Fund Balance (1,523,693) 0 0 TOTAL REVENUES 8,918,307 1,125, ,115 Prior Budgeted Total Actual Year's Expenditures Adjusted Expended EXPENDITURES: *Carryover FY 2014 Budget Public Works: Prince George Street Reconstruction 75,000 75,000 5,922 Annual Street Resurfacing Program 450, ,000 35,874 Signage & Pavement Markings 48,000 48,000 Stormwater Management Improvements 60,000 60,000 11,120 Sidewalk Construction 4,785 Underground Wiring 280, ,000 Public Safety: E-911 Regional Center 45,000 45,000 45,000 Fire Station Improvements 70,000 70,000 36,421 Fire/EMS Equipment - Compressors 70,000 70,000 Recreation & Open Space: Quarterpath Park Improvements 90,000 90,000 General Government: Regional Corridor Program 400, ,000 Stryker Building Replacement 5,500,000 5,500,000 5,400 IT - PC Replacement Program 30,000 30,000 28,950 IT - Server Virtualization 20,000 20,000 15,937 IT - Wireless Network Replacement 40,000 40,000 35,783 Vehicles & Equipment 337, ,000 Debt Service 836, ,177 Capital Contingency 200, , ,705 Courthouse Maintenance-Special Projects 150, ,000 Capital Contribution - WJCC Schools 217, , ,199 TOTAL EXPENDITURES 0 8,918,307 8,918, ,096 *Prior year's carryover represents amounts unspent at 6/30/13, and will be added in November based on audited prior year project balances available. FIN - 3

4 Utility Fund WATER & SEWER - OPERATIONS Budgeted Actual Actual REVENUES: FY Water Service 4,431, , ,943 Sewer Service 1,460, , ,355 Water Connections 2,000 2,800 0 HRSD Tap Fees 50,000 1,895 3,790 Sewer Connections 1, Penalties-Late Payments 18,000 2,911 2,509 Other Sources 8, Water Tower Usage 162,040 36,300 36,300 Interest Earnings 26,000 4,826 5,185 Availability Fees 160,000 23,000 21,000 XFER - Retained Earnings For Operations (145,881) 0 0 Total Revenues 6,172,159 1,093,092 1,116,322 EXPENSES: Administration 1,921,482 63,186 56,633 Water Treatment 1,330, , ,912 Water System 572, , ,698 Sewage System 2,038, , ,076 Debt Service 237, Newport News Supplemental Water 70, ,615 Total Expenses 6,172, , ,934 Excess of Operating Revenues over Expenses 0 209, ,388 WATER & SEWER - CAPITAL PROJECTS Prior Year Budgeted Total Adjusted Actual Expended *Carryover FY 2014 Budget Water Line Improvements 0 40,000 40,000 Water Treatment Improvements 0 125, ,000 Waller Mill Dam Improvements 0 40,000 40,000 Sewer System Rehab-SSO 0 400, ,000 85,281 Water/Sewer System Contingency 0 75,000 75,000 9,865 Water Tank Painting 0 400, ,000 Watershed Protection/Water Quality 0 60,000 60,000 Total Expenses 0 1,140,000 1,140,000 95,146 *Prior year's carryover represents amounts unspent at 6/30/13, and will be added in November based on audited figures. FIN - 4

5 Room, Meal, and 1% Tax Receipts ROOM TAXES*: MEAL TAXES*: OF ACTIVITY FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 % Change Over FY 2013 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 % Change Over FY 2013 JUNE 373, , , , , % 527, , , , , % JULY 433, , , , , % 572, , , , , % AUG 404, , , , , , , ,230 SEPT 250, , , , , , , ,497 OCT 324, , , , , , , ,062 NOV 209, , , , , , , ,029 DEC 244, , , , , , , ,146 JAN 82,536 79,136 83,540 98, , , , ,767 FEB 111, , , , , , , ,861 MARCH 201, , , , , , , ,892 APRIL 328, , , , , , , ,899 MAY 293, , , , , , , ,324 TOTAL 3,258,471 3,369,451 3,385,710 3,398, , % 5,576,305 5,945,395 6,272,675 6,400,926 1,198, % * For Year/Month comparability, Room & Meal Tax receipts are shown for the month of the activity, not the month received. SUBMITTED TO CITY * 1% SALES TAX REVENUES OF ACTIVITY FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 % Change Over FY year Trend 3 year Trend JULY MAY 343, , , , , , , , , % 12.78% 7.80% AUG JUNE 361, , , , , , , , , % 13.53% 16.89% SEPT JULY 420, , , , , , , ,312 OCT AUG 392, , , , , , , ,223 NOV SEPT 387, , , , , , , ,864 DEC OCT 314, , , , , , , ,142 JAN NOV 345, , , , , , , ,157 FEB DEC 418, , , , , , , ,543 MARCH JAN 214, , , , , , , ,738 APRIL FEB 261, , , , , , , ,308 MAY MARCH 296, , , , , , , ,036 JUNE APRIL 426, , , , , , , ,021 TOTAL 4,180,218 4,753,955 4,705,935 3,940,240 3,893,404 3,967,494 4,106,059 4,143, , % 13.18% 12.52% * Represents cash collections during these months which is 2 months later than the actual sales. Sales tax [6% in Hampton Roads as of July,1 2013] is collected by local businesses, submitted to the State Department of Taxation, with 1% returned to the City. FIN - 5

6 ANALYSIS OF ROOM, $2 LODGING, AND MEAL TAXES TOTAL ROOM SALES: OF ACTIVITY FY 2010 FY 2011 over prior yr FY 2012 over prior yr FY 2013 over prior yr FY 2014 over prior yr 2 year Trend 3 year Trend JUNE 7,461,580 7,258, % 7,556, % 7,769, % 7,613, % 0.75% 4.90% JULY 8,671,700 9,094, % 9,082, % 8,029, % 7,565, % % % AUG 8,090,360 8,181, % 7,198, % 7,370, % SEPT 5,015,500 5,092, % 5,322, % 5,531, % OCT 6,494,620 7,033, % 6,419, % 6,236, % NOV 4,188,160 4,537, % 4,618, % 5,028, % DEC 4,899,360 5,501, % 5,689, % 5,751, % JAN 1,650,720 1,582, % 1,670, % 1,961, % FEB 2,221,600 2,486, % 2,629, % 2,434, % MARCH 4,035,660 3,451, % 3,867, % 5,532, % APRIL 6,575,700 6,962, % 7,282, % 6,206, % MAY 5,864,460 6,208, % 6,375, % 6,125, % TOTAL 65,169,420 67,389, % 67,714, % 67,978, % 15,179, % -8.78% -7.17% TOTAL $2 LODGING TAX RECEIPTS: OF ACTIVITY FY 2010 FY 2011 over prior yr FY 2012 over prior yr FY 2013 over prior yr FY 2014 over prior yr 2 year Trend 3 year Trend JUNE 140, , % 135, % 137, % 128, % -5.39% -7.62% JULY 168, , % 160, % 147, % 136, % % % AUG 157, , % 140, % 136, % SEPT 101,226 97, % 105, % 101, % OCT 117, , % 120, % 108, % NOV 81,330 84, % 79, % 86, % DEC 87,652 88, % 92, % 92, % JAN 42,182 39, % 40, % 46, % FEB 56,806 61, % 60, % 58, % MARCH 88,894 83, % 79, % 109, % APRIL 126, , % 129, % 105, % MAY 109, , % 116, % 109, % TOTAL 1,277,874 1,303, % 1,261, % 1,240, % 264, % % % TOTAL MEAL SALES: OF ACTIVITY FY 2010 FY 2011 over prior yr FY 2012 over prior yr FY 2013 over prior yr FY 2014 over prior yr 2 year Trend 3 year Trend JUNE 10,552,460 11,067, % 11,964, % 12,304, % 11,922, % -0.36% 7.73% JULY 11,446,840 12,161, % 12,295, % 12,160, % 12,055, % -1.95% -0.87% AUG 11,012,800 11,509, % 10,702, % 11,524, % SEPT 9,059,300 9,736, % 10,163, % 10,729, % OCT 10,299,880 11,387, % 11,541, % 11,161, % NOV 8,463,900 9,113, % 9,789, % 10,520, % DEC 10,016,980 10,312, % 11,741, % 12,262, % JAN 5,206,900 5,688, % 6,353, % 6,655, % FEB 6,036,020 7,001, % 7,612, % 7,257, % MARCH 8,423,600 8,402, % 9,472, % 10,757, % APRIL 10,803,620 11,843, % 12,448, % 11,637, % MAY 10,203,800 10,682, % 11,368, % 11,046, % TOTAL 111,526, ,907, % 125,453, % 128,018, % 23,977, % -1.16% 3.22% FIN - 5A

7 Status of Funds CASH & INVESTMENTS: CASH EQUIVALENTS: INVESTMENTS: COMPARISON COMPARISON COMBINED LOCAL GOV'T CERTIFICATES INSURED TOTAL CORP. & CHECKING INVESTMENT OF CASH CASH GOV'T 3 S 12 S FUND (interest-bearing) POOL** DEPOSIT *** SWEEP **** EQUIV. SECURITIES TOTAL AGO AGO GENERAL FUND $5,155,181 $1,482,800 $4,000,000 $14,197,550 $24,835,531 $0 $24,835,531 $25,392,906 $22,462,025 SALES TAX FUND $447,201 $39, $486,545 0 $486,545 $290,975 $816,890 ENTERPRISE FUND $374,089 $821,508 3,000,000 0 $4,195,597 0 $4,195,597 $4,158,811 $4,235,423 WATER DEPOSIT FUND $32,269 $15, $47,269 0 $47,269 $51,029 $50,128 COURTHOUSE MTCE FUND $0 $171, $171,311 0 $171,311 $162,573 $244,360 TOTAL $6,008,740 $2,529,963 $7,000,000 $14,197,550 $29,736,253 $0 $29,736,253 $30,056,294 $27,808,826 INVESTMENT AUG 31, 2013 MAY 31, 2013 AUG 31, 2012 POLICY ACTUAL ACTUAL ACTUAL % OF PORTFOLIO MATURING WITHIN 30 DAYS (MIN.) 10.00% 76.46% 76.70% 74.82% LONG-TERM DEBT: % OF PORTFOLIO MATURING WITHIN 12 S (MIN.) 50.00% 83.19% 80.03% 92.80% % OF PORTFOLIO MATURING BETWEEN 12 AND 36 S (MAX.) 50.00% 16.81% 19.97% 7.20% TOTAL 100% 100% 100% ISSUE PRINCIPAL PURPOSE ISSUE DATE AMOUNT BALANCE: TERMS: GO Refunding Bonds 2012 June, 2012 $5,180,000 $4,570,000 8 years, 2.40%, interest paid semi-annually, principal paid annually GO Refunding Bonds 2010 October, 2010 $10,635,000 $8,830, years, 2.75%, interest paid semi-annually, principal paid annually Total $15,815,000 $13,400,000 ** State's LGIP interest rate at end of month =.11% - compared to.18% in August, 2012 *** 5 CDs - 24 month, with staggered maturity dates, weighted average earnings rate =.91% **** ICS account, fully insured by FDIC, earnings rate =.60% FIN - 6

TOTAL GENERAL FUND REVENUES

TOTAL GENERAL FUND REVENUES General Fund Revenues Budget Actual Actual Budget Actual Actual FY 2018 12-31-2017 12-31-2016 FY 2018 12-31-2017 12-31-2016 GENERAL PROPERTY TAXES: NON-CATEGORICAL AID: Current Real Estate Taxes 10,400,000