QUARTERLY FINANCIAL REPORT

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1 QUARTERLY FINANCIAL REPORT Performance at a Glance Current Month Year to Date Reference Summary of Performance Major Funds Meets Expectations Meets Expectations Page 2 General Fund vs. Meets Expectations Meets Expectations Page 3 GF by Category and by Dept Meets Expectations Meets Expectations Page 4 Water & Sewer Operations vs. Meets Expectations Meets Expectations Page 5 Stormwater Operations vs. Meets Expectations Meets Expectations Page 6 Golf Course Fund vs. Meets Expectations Meets Expectations Page 7 Waterpark Fund vs. Meets Expectations Meets Expectations Page 8 Yacht Basin Fund vs. Meets Expectations Meets Expectations Page 9 P&R Programs Fund vs. Meets Expectations Meets Expectations Page 10 Building Fund vs. Meets Expectations Meets Expectations Page 11 This Financial Report is not audited, and there may be some pending transactions and accounting entries that will be reflected in future reports. Additionally, this report does not reflect all of the funds or transactions of the City of Cape Coral. Budgetary changes approved on April 11, 2016 through Ordinance have been incorporated into this report. The major operating funds are operating as would be expected at this time of the year. 1

2 SUMMARY OF PERFORMANCE For Period of October December 2015 Major Operating Funds CURRENT REVENUES & TRANSFERS IN Fund Budget Actual EXPENDITURES & TRANSFERS OUT % Realized Budget Actual % Utilized Over General $ 149,790,968 $ 88,469, % $ 168,377,513 $ 30,355, % $ 58,114,309 Water & Sewer 92,161,850 15,416, % 100,816,159 13,439, % 1,976,714 Stormwater 13,122,893 12,715, % 15,584,399 2,224, % 10,491,623 Golf Course 2,530, , % 3,017, , % (116,597) Waterpark 2,434,918 5, % 3,715, , % (240,560) Yacht Basin 590, , % 970,644 77, % 44,496 P&R Programs 4,521, , % 9,190,049 1,682, % (777,211) Building 4,776,425 1,382, % 3,507, , % 708,831 Benchmark 25.00% 25.00% All funds are performing as generally would be expected at this point of the fiscal year. Overall expenditures are below the 25% benchmark. s are lower than the benchmark as a result of accruals made for activity related to FY 2015 and seasonal operations. Golf Course, Waterpark and Park & Rec Program revenues do not include any subsidies from the General Fund or Yacht Basin. Although expenditures in the P&R Programs Fund exceed revenues, the fund s actual cost recovery through fees and charges is exceeding the targeted amount % % of Budgeted Realized % of Appropriations Utilized Benchmark 75.00% 50.00% 25.00% 0.00% 2

3 General Fund Performance Monthly vs. FY 2016 Net () OCT $ 417,959 $ 7,453,216 $ (7,035,257) NOV 36,963,955 11,248,095 25,715,860 DEC 51,087,429 11,653,723 39,433,706 Total $ 88,469,343 $ 30,355,034 $ 58,114,309 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 November and December reflect the initial receipt of ad valorem revenues. year-to-date are less than the 25% benchmark. See Page 4 of the report for more detailed information on both revenues and expenditures. Cumulative vs. FY 2016 Net () OCT $ 417,959 $ 7,453,216 $ (7,035,257) NOV 37,381,914 18,701,311 18,680,603 DEC 88,469,343 30,355,034 58,114,309 Budget Expenditure Budget $180,000,000 $150,000,000 $120,000,000 $90,000,000 $60,000,000 $30,000, % 18.03% 25.00% Percent of Budget Realized Benchmark 3

4 General Fund Performance s by Category 2016 Budgeted % of Benchmark Difference from Benchmark $ Ad Valorem $ 75,045,899 $ 58,153, % $ 18,761,475 39,392,474 Sales & Use Taxes 14,324,058 2,392, % 3,581,015 (1,188,851) Licenses, Permits, Franchise & Special Assessment 26,655,517 22,763, % 6,663,879 16,099,611 Intergovernmental 22,619,475 2,489, % 5,654,869 (3,164,948) Charges for Service 5,449,210 1,444, % 1,362,303 81,989 Fines & Forfeitures 846, , % 211,688 (68,810) Miscellaneous 1,119, , % 279,913 (137,459) Interfund Transfers 3,730, , % 932,602 7,593 Debt Proceeds % - - TOTAL $ 149,790,968 $ 88,469, % $ 37,447,744 $ 51,021,599 Benchmark 25.00% Year-to-date actual for General Fund revenue is as would be expected. A majority of ad valorem tax receipts are typically realized in the first quarter as taxes are billed in November and become delinquent on April 1. Sales and use taxes include receipts for Public Service Tax (PST) and Communications Service Tax (CST). The Fire Service Assessment was billed this year in the amount of $21.7 million and is included with Licenses, Permits, Franchise & Special Assessments. Intergovernmental revenue is lower than the benchmark due to a lag in the Half Cent Sales Tax receipts. Sales taxes paid in October are remitted to the State in November and transmitted to municipalities in December. Only one receipt has been recognized in the first quarter attributable to sales tax in October received in December. by Department 2016 Budget % of Budget Benchmark Difference from Benchmark City Council $ 589,239 $ 157, % $ 147,310 $ 10,139 City Attorney 1,366, , % 341,625 (95,839) City Manager 2,146, , % 536,563 (198,888) City Auditor 716,064 95, % 179,016 (83,780) ITS 7,095,254 1,619, % 1,773,814 (153,987) City Clerk 1,313, , % 328,285 (80,212) Finance 3,063, , % 765,954 (212,456) Human Res 1,418, , % 354,561 (68,712) DCD 4,470, , % 1,117,634 (289,697) Police 33,848,556 7,128, % 8,462,139 (1,333,632) Fire 26,651,686 5,798, % 6,662,922 (864,325) Public Works 8,146,883 1,330, % 2,036,721 (705,990) Parks & Rec 13,345,719 1,386, % 3,336,430 (1,950,203) Government Services 64,205,624 10,339, % 16,051,406 (5,711,764) Total $ 168,377,513 $ 30,355, % $ 42,094,380 $ (11,739,346) Benchmark 25.00% Department budgets are operating as would be expected at this point in the fiscal year and in accordance with the adopted budgetary plan. Pages of this report provide additional detail at the category and account level. 4

5 WATER & SEWER OPERATIONS FUND Monthly vs. FY 2016 The Water & Sewer Operations Fund accounts for the operations of the existing utility facilities to include the water reclamation plants, reverse osmosis plants and the existing collection, distribution and transmission lines. Net () OCT $ 2,617,724 $ 3,672,971 $ (1,055,247) NOV 5,799,725 4,805, ,173 DEC 6,998,896 4,961,108 2,037,788 Total $ 15,416,345 $ 13,439,631 $ 1,976,714 $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $ s and expenditures in October are lower than the monthly averages as a result of accruals made for activity related to FY Approximately 19% of charges for service revenue from daily utility billing has been realized year-to-date. Intrafund transfers from Water, Sewer, and Irrigation Impact Fees that were budgeted as a source of funds in the Operations Fund totaling $11.7 million to support annual debt service have not yet been transferred which is contributing to the percentage of budget realized to be below the benchmark level. Cumulative vs. FY 2016 Net () OCT $ 2,617,724 $ 3,672,971 $ (1,055,247) NOV 8,417,449 8,478,523 (61,074) DEC 15,416,345 13,439,631 1,976,714 $120,000,000 $100,000,000 $80,000,000 $60,000,000 $40,000,000 $20,000, Budget 2016 Expenditure Budget 16.73% 13.33% 25.00% Percent of Budget Realized Benchmark 5

6 STORMWATER OPERATIONS FUND Monthly vs. FY 2016 The Stormwater Operations Fund is used to account for the activities of the city s stormwater drainage program in compliance with the Environmental Protection Agency and local and state regulations. Net () OCT $ 39,945 $ 575,883 $ (535,938) NOV 13,005, ,451 12,240,156 DEC (329,878) 882,717 (1,212,595) Total $ 12,715,674 $ 2,224,051 $ 10,491,623 $13,500,000 $11,500,000 $9,500,000 $7,500,000 $5,500,000 $3,500,000 $1,500,000 -$500, The primary revenue source of this fund is the annual stormwater fee which is billed on the tax bill, therefore the bulk of the revenue is recognized in November. December revenue is negative due to tax collector collection costs and discounts for early payment. Lab fees of $36,730 have been collected and represent 22% of the budget amount. Permit fees related to new construction total $75,670 or 41% of the budget amount of $183,646. Total revenues are up 6.5% and expenditures are down 15% from the prior fiscal year. Cumulative vs. FY 2016 Net () OCT $ 39,945 $ 575,883 $ (535,938) NOV 13,045,552 1,341,334 11,704,218 DEC 12,715,674 2,224,051 10,491,623 $16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000, Budget Expenditure Budget 96.90% 14.27% 25.00% Percent of Budget Realized Benchmark 6

7 GOLF COURSE FUND Monthly vs. FY 2016 The Coral Oaks Golf Course provides for a year-round municipal golf facility to include Clubhouse, Greens, and restaurant operations. Net () OCT $ 152,916 $ 161,417 $ (8,501) NOV 168, ,277 (84,322) DEC 169, ,627 (23,774) Total $ 491,724 $ 608,321 $ (116,597) $300,000 $200,000 $100, Historically, the highest earning months for the Golf Course are January April. Through the end of the first quarter, expenditures are approximately 5% or $28,974 higher than the prior year. November s expenditures are higher than the other months due to the annual Stormwater Assessment and Sod purchases made that month. A General Fund subsidy in the amount of $487,034 is included in the FY 2016 Amended Budget with the intent of supporting capital equipment replacement. As of December 31, $174,889 in capital purchases were completed. The subsidy and related purchases are not included in these reported amounts. Cumulative vs. FY 2016 Net () OCT $ 152,916 $ 161,417 $ (8,501) NOV 321, ,694 (92,823) DEC 491, ,321 (116,597) Budget Expenditure Budget $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500, % 20.16% 25.00% Percent of Budget Realized Benchmark 7

8 WATERPARK FUND Monthly vs. FY 2016 Sun Splash Family Waterpark is a combination of pools and water slides that provide a wide variety of water related participatory recreation activities. The Park offers swimming lessons, water safety training, specialized youth activity as well as many seasonal special events. Net () OCT $ (2,067) $ 32,954 $ (35,021) NOV 1,009 75,010 (74,001) DEC 6, ,120 (131,538) Total $ 5,524 $ 246,084 $ (240,560) $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50, The fund typically realizes 99% of the budgeted revenue during the months of March through September as the park is closed October through mid March. s do not include the program subsidy from the General Fund budgeted at $528,515. Negative revenues for October resulted from changes in the fair value of investments. On the expenditure side, limited staff is employed during the off season months to accomplish required maintenance. December expenditures include the $79,039 down payment for the capital improvements to the Tot Spot. Cumulative vs. FY Net () OCT $ (2,067) $ 32,954 $ (35,021) NOV (1,058) 107,964 (109,022) DEC 5, ,084 (240,560) 0.23% 6.62% 25.00% Percent of Budget Realized Benchmark $3,600,000 $3,000,000 $2,400,000 $1,800,000 $1,200,000 $600, Budget Expenditure Budget 8

9 YACHT BASIN FUND Monthly vs. FY 2016 The Yacht Basin is responsible for providing wet slip storage for deep-water recreational boats and provides regular access from the freshwater canals to saltwater canals and the Gulf of Mexico. The basin offers 89 slips for monthly and transient dockage at the Yacht Club and 19 slips at Rosen Park. Net () OCT $ 44,095 $ 18,895 $ 25,200 NOV 31,243 30, DEC 46,524 28,161 18,363 Total $ 121,862 $ 77,366 $ 44,496 $60,000 $40,000 $20, Funds from the lease of property to Ford s Boathouse are recorded in this fund. The base lease provides for payments of $3,500 per month with 4% of gross sales over $700,000 on an annual basis. s in this fund are also being used to cover the cost of improvements to the roadways and parking lots at the Yacht Club Complex. Additionally, this fund is providing a subsidy of $115,000 to programs operated at the Yacht Club Complex in lieu of General Fund support. The transfer has not yet occurred in FY Cumulative vs. FY 2016 Net () OCT $ 44,095 $ 18,895 $ 25,200 NOV 75,338 49,205 26,133 DEC 121,862 77,366 44, % 7.97% 25.00% Percent of Budget Realized Benchmark $1,000,000 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100, Budget Expenditure Budget 9

10 P&R PROGRAMS FUND Monthly vs. FY 2016 Parks and Recreation Programs are used to account for the recreational programs for individuals of various ages, skill levels, interests, social needs and economic capabilities that collectively enhance the overall quality of life within the city. Net () OCT $ 273,450 $ 365,859 $ (92,409) NOV 355, ,521 (305,181) DEC 276, ,235 (379,621) Total $ 905,404 $ 1,682,615 $ (777,211) $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100, Percent of Costs Recovered - Actual 53.81% Percent of Costs Recovered - Budget 49.20% s do not include the program subsidy from the General Fund and Yacht Basin Fund budgeted at $3,956,704 and $115,000 respectively. As indicated in the above table, cost recovery target for FY 2016 is 49.2% with charges for services and program fees year -to-date having recovered 53.81% of program costs. s and expenditures at this time of year tend to track below the annual benchmark as many of the programs are seasonal with higher utilization during the summer months when schools are closed. Overall revenues are below the 25% benchmark due in part to the lag in receipts for Special Populations grant reimbursements from the State and Federal Governments. Cumulative vs. FY 2016 Net () OCT $ 273,450 $ 365,859 $ (92,409) NOV 628,790 1,026,380 (397,590) DEC 905,404 1,682,615 (777,211) $10,000,000 $9,000,000 $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000, Budget Expenditure Budget 20.03% 18.31% 25.00% Percent of Budget Realized Benchmark 10

11 BUILDING FUND Monthly vs. FY 2016 The Building Fund is used to account for the activities of the Building and Permitting Services of the Department of Community Development as related to the construction of buildings and related structures within the City of Cape Coral. Net () OCT $ 470,455 $ 177,916 $ 292,539 NOV 449, , ,359 DEC 462, , ,933 Total $ 1,382,093 $ 673,262 $ 708,831 $500,000 $400,000 $300,000 $200,000 $100, There have been 260 single family home permits issued through the end of December. This is 101 more permits than during the same time period in FY 2015 and represents a 64% increase. Although permits have increased by 64% over last year at the same time, the percent of revenue realized is only about 4% more than the benchmark as an increase in activity was forecasted and incorporated into the adopted budget. In total, first quarter revenues are up 35% and expenditures are down 12% from FY Cumulative vs. FY 2016 Net () OCT $ 470,455 $ 177,916 $ 292,539 NOV 919, , ,898 DEC 1,382, , , % 19.20% 25.00% Percent of Budget Realized Benchmark $5,000,000 $4,500,000 $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500, Budget Budget 11

12 GENERAL FUND SUPPLEMENTAL INFORMATION Period 1 Period 2 Period 3 Actual 1st Qtr October - Total Year to FY 2016 % of Budget Expenditure Category October 2015 November 2015 December 2015 December 2015 Date Budget Utilized Payroll $ 5,555,666 $ 7,091,538 $ 7,378,827 $ 20,026,031 $ 20,026,031 $ 97,258, % Operating 1,182,005 2,502,555 2,251,715 5,936,275 5,936,275 32,396, % Capital Outlay 148,098 1,083, ,162 1,996,051 1,996,051 14,306, % Transfers Out 567, ,210 1,259,018 2,396,677 2,396,677 24,416, % Total & Transfers 7,453,216 11,248,095 11,653,723 30,355,034 30,355, ,377, % Reserves ,675, % Total Budget $ 7,453,216 $ 11,248,095 $ 11,653,723 $ 30,355,034 $ 30,355,034 $ 211,053, % 12

13 Payroll Summary by Account String Period 1 Period 2 Period 3 Actual 1st Qtr October - Total Year to FY 2016 % of Budget Object Category October 2015 November 2015 December 2015 December 2015 Date Budget Utilized Executive Salary $ 10,303 $ 16,578 $ 20,369 $ 47,249 $ 47,249 $ 165, % Regular Salary 3,010,508 3,491,405 3,633,193 10,135,106 10,135,106 49,400, % Longevity Salary 1,937 2,245 2,215 6,397 6,397 32, % Contract Employees Salary/Wage 37,032 46,473 56, , , , % Overtime 21,056 26,624 26,337 74,017 74, , % Fire Overtime 54,396 70,738 45, , , , % Police Overtime 60,567 80,899 73, , , , % Special Pay/Add Pay 175, , , , ,840 2,114, % Relocation Costs Spec Pay - 5,000-5,000 5, % Tuition Reimbursement Spec Pay 1,930 8,781 10,350 21,061 21, , % Standby Pay 15,412 19,864 20,488 55,764 55, , % Shift Differential Pay 6,446 7,399 7,760 21,605 21,605 77, % Off-Duty Detail Pay 33,730 47,295 44, , , % FICA Taxes 212, , , , ,335 3,433, % Medicare Taxes 49,941 55,842 63, , , , % General Retirement 91, , , , ,163 1,345, % Police Retirement 175, , , , ,360 2,323, % Fire Retirement 106, , , , ,300 1,688, % ICMA (401A) 5,254 6,186 7,465 18,905 18,905 95, % UAAL General Retirement 224, , ,697 1,124,243 1,124,243 5,846, % UAAL Police Retirement 163, , , , ,092 4,248, % UAAL Fire Retirement 251, , ,754 1,259,385 1,259,385 6,548, % Life,Health,Disability Insur 604, , ,770 2,480,146 2,480,146 12,694, % Medicare Part B Subsidy Ins 37,712 36,453 36, , , , % Opt Out Health Ins Subsidy 4,606 7,460 8,180 20,246 20,246 84, % Retiree Health Ins Subsidy , % Workers Compensation 134, , , , ,162 2,104, % Leave Payout 63,599 3,769 36, , ,711 1,355, % Auto Allowance ,950 1,950 7, % Total $ 5,555,666 $ 7,091,538 $ 7,378,827 $ 20,026,031 $ 20,026,031 $ 97,258, % Notes 13

14 Operating Summary by Account String Period 1 Period 2 Period 3 Actual 1st Qtr October - Total Year to FY 2016 % of Budget Object Category October 2015 November 2015 December 2015 December 2015 Date Budget Utilized Notes Lab Services $ 40 $ 350 $ 190 $ 580 $ 580 $ 2, % Legal Services (4,545) 53,410 55, , , , % Appraisal & Title Search , % Studies & Master Plans 18,621-14,480 33,101 33, , % Accounting & Auditing - - 4,906 4,906 4, , % Other Professional Services 15,483 15,318 48,846 79,647 79,647 1,234, % Construct/Debris Clean-Up 3, ,712 5,712 59, % Trash Removal , % Security Services - 4,250-4,250 4,250 10, % Police Physicals % Employee Health Clinic Charges - - 3,550 3,550 3,550 17, % Outside Services 20,576 64, , , ,372 1,760, % Food And Mileage (City) 804 1,632 1,111 3,547 3,547 33, % Recruitment Travel , % Travel Costs 29,599 19,523 15,814 64,935 64, , % Communication Service 12,792 2,295 66,355 81,442 81, , % Telephone Service ,866 46,440 46, , % Telecommunication Service , % Postage & Shipping 4,173 3,452 16,638 24,263 24,263 97, % Electric (286) 73,909 72, , ,724 1,037, % Water & Sewer - 32,775-32,775 32, , % Stormwater - 398, , , , % Propane Fuel , % Street Light Power - 200, , , ,937 2,881, % Equipment Rental/Leases 404 1,582 3,782 5,768 5, , % Copy & Fax Machine Rent/Lease 3,144 4,962 4,773 12,879 12,879 78, % Uniforms/Linen/Mats Rent/Lease ,221 1,221 9, % Other Rentals/Leases 1,051 4,166 5,452 10,669 10,669 51, % 14

15 Operating Summary by Account String Period 1 Period 2 Period 3 Actual 1st Qtr October - Total Year to FY 2016 % of Budget Object Category October 2015 November 2015 December 2015 December 2015 Date Budget Utilized Notes Tires $ - $ 40 $ 60 $ 100 $ 100 $ % Equip Repair/Maintenance 5,553 17,669 24,694 47,916 47, , % Building Maintenance 1, ,166 2, , % Diesel Fuel 12,971 5,794 5,230 23,996 23, , % Parts Repair/Maintenance , % Unleaded Fuel 55,121 50,904 54, , ,672 1,273, % Oil & Grease , % Other Repairs & Maint , % Facilities Charges 79, , , , ,340 2,949, % Facilities Charges Overhead , , , , % Fleet Charges 165, , , , ,814 3,010, % Fleet Charges Overhead ,815 29,815 29, , % Dyed Diesel Fuel , % Warranty/Maint/Service Plans 2,803 1,798 19,280 23,880 23, % Printing 190 1,482 4,148 5,820 5, , % Photo & Microfilm % Advertising - 7,827 4,922 12,748 12,748 41, % Public Relations 9,262 99,284 44, , , , % Bank Fees % Various Fees (81) 5,354 3,880 9,154 9, , % Other Governmntl Charges - - 5,000 5,000 5, , % Assmt, Betterment, Impact - 331, , , , % On-Behalf Pension Pmts ,560, % Interfund Service Payment 81,078 84,019 83, , , , % Investigation Fees , % Lot Mow / Impact - City 148, , , , % st Party Claims ,000 46,000 46, % Property Taxes - 1,775-1,775 1,775 18, % Credit Card Fees 2,538 1, ,192 4,192 10, % Health Insurance Profit Share - - (393) (393) (393) % Other Current Charges , % Office Supplies 7,494 11,252 16,273 35,019 35, , % Uniforms (PPG) - - 1,058 1,058 1, , % 15

16 Operating Summary by Account String Period 1 Period 2 Period 3 Actual 1st Qtr October - Total Year to FY 2016 % of Budget Object Category October 2015 November 2015 December 2015 December 2015 Date Budget Utilized Uniforms $ 13,731 $ 13,604 $ 24,081 $ 51,416 $ 51,416 $ 341, % Chemicals 325 3,082 10,580 13,986 13,986 87, % Tools 27-1,024 1,051 1,051 22, % Small Equipment 37,545 22,451 24,997 84,993 84, , % Janitorial Supplies 1,025 5,103 6,834 12,962 12,962 71, % Operating Medical Supply - 5,384 28,783 34,168 34, , % Computer Equip/Accessory 22, ,102 38, , , , % Computer Software/License 294, , , , ,549 2,219, % Weapons And Ammunition 6,294 13,798 19,237 39,329 39, , % Safety Equipment 668 1,901 7,826 10,394 10,394 92, % Sod, Seed, Sand And Soil - 2,981 1,588 4,569 4,569 98, % Plants,Trees,Flower,Shrub , % Rewards ,236 6,932 6, , % Other Operating Mat & Supplies 12,306 19,606 21,822 53,733 53, , % Chg Back Contra-ITS Store (16,530) (21,695) (17,840) (56,065) (56,065) % Inventory Adjustment - - (2,632) (2,632) (2,632) % Roads Curbs Maintenance 840 8,498 5,888 15,226 15, , % Bridge Maintenance 163 4, ,701 5, , % Sidewalk Maintenance , % Traffic Light Maintenance 29,634-40,598 70,231 70, , % Median Maintenance - 47,729 93, , , , % Parks Maintenance & Repair - - 4,024 4,024 4, % Books Pubs Subscrpt & Membrshp 48,699 8,815 41,906 99,420 99, , % Training & Seminars 50,711 13,938 17,127 81,776 81, , % Training & Seminars-Paramedic - - 3,287 3,287 3, % In-House Training - - 2,201 2,201 2,201 22, % Discounts Taken/Lost (61) (58) (64) (184) (184) % Total $ 1,182,005 $ 2,502,555 $ 2,251,715 $ 5,936,275 $ 5,936,275 $ 32,371, % Notes 1 Stormwater charges, assessments and impact fees are on paid annually in November on the Tax bill. 2 Nicholas Annex Lighting Improvements and City Hall Pressure Washing contributed to the work order charges from Facilitiies. 3 Correction needed - Credit Card Fees from Res Tranportation Impact fees allocated to General Fund in error. Notes 16

17 Capital Summary by Account String Period 1 Period 2 Period 3 Actual 1st Qtr October - Total Year to FY 2016 % of Budget Object Acct Desc October 2015 November 2015 December 2015 December 2015 Date Budget Utilized Land $ - $ - $ - $ - $ - $ % Building Improvement , % Improvements Other Than Bldgs 39,416-35,284 74,700 74,700 2,453, % Equipment 41, , , , ,933 5,945, % Vehicles 50, , ,834 1,346,656 1,346,656 5,042, % Computer Software Intangible 16,488-75,275 91,763 91, , % Total $ 148,098 $ 1,083,792 $ 764,162 $ 1,996,051 $ 1,996,051 $ 14,306, % Notes 17

18 Transfers Out by Account String Period 1 Period 2 Period 3 Actual 1st Qtr October - Total Year to FY 2016 % of Budget Object Acct Desc October 2015 November 2015 December 2015 December 2015 Date Budget Utilized Notes Xfer Out to CRA $ - $ - $ 688,808 $ 688,808 $ 688,808 $ 788, % 1 Xfer Out to Park & Rec Prog ,956, % 2 Xfer Out to Waterpark , % 2 Xfer Out to CDBG , % Xfer Out to Trans Cap Proj , % 4 Xfer Out to Road/Alley Resurf ,900, % 5 Xfer Out to PW Cap Proj , % 6 Xfer Out to Fire Station 1& , % Xfer Out to Yacht Basin , % 8 Xfer Out to Golf Course , % Xfer Out Self-Ins Health , % Xfer Out to 2015 FSA Debt 25,950 25,950 25,950 77,850 77, , % 10 Xfer Out to 2005 Cap Imp Rev , % 11 Xfer Out to 2006 Spec Oblig DS , % 12 Xfer Out to 2008 Spec Oblig DS 205, , , , ,983 2,471, % 13 Xfer Out to 2012 Sp Oblig DS 38,553 38,553 38, , , , % 14 Xfer Out to 2012 Lease City 36,799 36,799 36, , , , % 15 Xfer Out to 2015 Lease City ,450, % 16 Xfer Out to 2014 Cap Imp Rev 50,229 50,229 50, , , , % 17 Xfer Out to 2015 Spec Oblig 59,934 62,696 62, , ,326 2,204, % 18 Xfer Out to 2015 Spec Ob Note 149, , , , , % 19 Total $ 567,448 $ 570,210 $ 1,259,018 $ 2,396,677 $ 2,396,677 $ 24,416, % 18

19 Transfers Out Notes Notes 1 Transfer to CRA is the Tax Increment transfer. The transfer for capital improvements will be accomplished later in the fiscal year. 2 Transfers to Parks & Rec Programs, Waterpark, and Golf Course are to cover the difference between actual costs and the amount of charges and fees recovered from program participants. 3 Transfer to CDBG to provide additional funding as recommended by the CDBG Citizens Advisory Board. 4 Transfer to Transportation Capital Projects for Alley repaving and the median landscaping program. 5 Transfer to Capital Road Resurfacing to fund the Local Road Resurfacing program. 6 Transfer to Capital Projects for improvements to the Public Works Sign Shop. 7 Transfer to Capital Projects Fire Station #11 & 12 Construction. 8 Transfer to Yacht Basin for parking lot improvements. 9 Transfer to Self-Insurance Health for the initial funding of the self-insurance program. 10 Debt service on the 2015 FSA bank loan. This is the first year's payment and has a 5 year term. 11 A portion of the 2005 Capital Improvement Bonds were partially refunded to the 2014 Capital Improvement Bond. The FY 2016 budget was established with all debt service under the 2014 Capital Improvement Bonds. 12 Transfer to 2006 Special Obligation Debt Services is the General Fund covering the portion that Park Impact Fee Fund is likely unable to support. The actual transfer will not take place until year end when the actual amount required is determined. As indicated under the "Building Fund" section of this report, single family home permits are running above what had been anticipated and projected. Therefore, it is quite possible the entire budgeted amount will not be required. 13 This transfer is for the debt service on the Police Headquarters building. 14 Transfer out to 2012 Special Obligation Bonds which is related to the cost of rebuilding Fire Stations 3 and This is the annual lease payment for the equipment and vehicles that were purchase late in FY The last payment will be made in FY This transfer is for the debt service on the 2015 Equipment Note issued in August This transfer is for the debt service on the 2014 Capital Improvement Bonds. 18 This transfer is for the debt service on the 2015 Special Obligation Refunding and Bond. 19 This transfer is for the debt service on the 2015 Special Obligation Refunding and Note. 19

20 Overtime Summary by Fund Period 1 Period 2 Period 3 Actual 1st Qtr October - Total Year to FY 2016 % of Budget Fund October 2015 November 2015 December 2015 December 2015 Date Budget Utilized Notes General $ 136,019 $ 178,261 $ 145,802 $ 460,082 $ 460,082 $ 1,262, % Lot Mowing ,279 2,712 2,712 2, % 1 Building 13,891 20,923 15,507 50,321 50,321 50, % 2 Waterpark % P&R Programs 1,267 2, ,479 4,479 4, % 3 W&S Operations 77,779 83, , , ,647 1,041, % Stormwater 8,960 9,483 13,605 32,048 32,048 49, % 4 Yacht Basin % Golf Course 5, ,508 6,508 7, % 5 IS Facilities 6,074 2,214 4,700 12,988 12,988 43, % IS Fleet ,125 1,125 5, % IS Risk Mgmt (46) Sidewalk Cap Project , % Total $ 249,752 $ 297,928 $ 292,540 $ 840,220 $ 840,220 $ 2,502, % Notes 1 Lot Mowing: The majority of this overtime occurred in December and was due to short weeks with Holidays and leave. 2 Building: Overtime is associated with increased permit activity and inspections from the economic growth. 3 P&R Programs: $3,829, or 85%, of this overtime is from the Special Events Division and is attributable to Coconut Fest. The only major event through the end of the fiscal year is Red, White & Boom. 4 Stormwater: Overtime is associated with Environmental Resources Lab and Swale Divisions. 5 Golf Course: Ovetime in this fund is primarily related to the activities associated with the City Championship held in October. Both the Grounds Maintenance and the Clubhouse Divisions require additional hours from staff to prepare for and support this 3 day event. 20

21 Overtime Summary General & Water Operations Funds Period 1 Period 2 Period 3 Actual 1st Qtr October - Total Year to FY 2016 % of Budget Department October 2015 November 2015 December 2015 December 2015 Date Budget Utilized City Attorney $ 438 $ 89 $ 15 $ 542 $ 542 $ 2, % City Clerk , % City Manager 4,159 4,954 4,851 13,964 13,964 10, % 6 DCD 3,327 1,466 4,534 9,326 9,326 10, % 7 Finance ,450 2,450 2, % 8 Fire 57,764 75,935 49, , , , % Government Services % HR , % ITS 1,581 1,874 2,091 5,547 5,547 9, % 9 Parks and recreation 6,591 6,117 1,340 14,048 14,048 40, % Police 63,881 90,384 83, , , , % Public Works 1,127 1,581 3,023 5,731 5,731 16, % Utilities 73,472 78, , , ,219 1,030, % Total $ 213,798 $ 261,367 $ 254,564 $ 729,729 $ 729,729 $ 2,304, % Notes Notes: 6 City Manager: All but $7 of this overtime is related to the Utility Extension Program. Inspection services extend beyond the City's normal workinghours and are directly 7 DCD: $4,835, or 52%, of this overtime is realted to the Code Compliance Division which was short staffed in the first quarter. 8 Finance: $1,459 of this, or 60%, is attributable to the Procurement Division which was 4 full-time budgeted positions short of being fully staffed in the first quarter. 9 ITS: $2,280 is related to Public Safety and $3,060 is Network Administration. 21