GENERAL FUND AT A GLANCE Category Budget YTD Actual % % Year Passed Resources 50.00% Uses 50.00% $0 $1,928,600

Transcription

1 City of Edmond Monthly Financial Report FY 2007/2008 Through the Month Ended Unaudited - Intended for Management Purposes Only The following is a summary of the City's financial results for operating funds. This information is summarized from financial statements for the monthly period that ended ember 31, GENERAL FUND AT A GLANCE Category Budget YTD % % Year Passed Resources 50.00% Revenues $41,687,578 $19,436, % Other Resources-Reserves $8,632,072 $8,632, % Uses 50.00% Operating Uses $45,538,923 $21,359, % Other Uses-Reserves $4,780,727 $4,780, % Resources Over (Under) Uses $0 $1,928,600 UTILITY FUNDS AT A GLANCE Category Budget YTD % % Year Passed Resources 50.00% Revenues $98,741,160 $54,024, % Other Resources-Reserves/Loan Proceeds $51,029,872 $29,282, % Uses 50.00% Operating Uses $134,993,059 $48,008, % Other Uses-Reserves $14,777,973 $14,777, % Resources Over (Under) Uses $0 $20,520,069 OTHER MAJOR FUNDS AT A GLANCE Category Budget YTD % % Year Passed Resources 50.00% Revenues $8,171,650 $4,061, % Other Resources-Reserves/Loan Proceeds $14,661,330 $14,661, % Uses 50.00% Operating Uses $16,477,366 $2,829, % Other Uses-Reserves $6,355,614 $6,355, % Resources Over (Under) Uses $0 $9,537,523 The latest General Fund sales tax check received in uary 2008 totaled $2,186,369 and was ($612,730) under year to date projections. This amount was $31,386 more than the check received in uary 2007, and $229,926 more than the check received in uary Use tax revenue received in the month of uary 2008 totaled $197,127. This amount was 26,595 more than the check received in uary 2007.

2 GENERAL FUND FINANCIAL SUMMARY CURRENT YEAR TO YEAR TO DATE MONTH DATE % OF BUDGET RESOURCES Taxes $2,276,188 $14,380, % Intergovernmental $104,545 $709, % Licenses & Permits $61,595 $694, % Fines & Forfeitures $151,226 $1,152, % Charges for Service $384,381 $2,246, % Interest $14,374 $143, % Miscellaneous Revenue $15,225 $109, % Total - Revenues $3,007,533 $19,436, % Other Financing Sources Restricted Prior Year Reserves $0 $4,321, % Unrestricted Prior Year Reserves $0 $4,310, % Total Other Financing Sources $0 $8,632, % USES General Government $2,401 $5, % City Council $33,900 $95, % Parks & Recreation $91,293 $865, % Street & Alley $143,728 $518, % Municipal Court $49,082 $322, % Senior Citizens Center $27,646 $156, % Outside Agencies $251,727 $684, % Emergency Management $12,568 $89, % Cemetery $8,197 $72, % Community Image $67,111 $399, % Planning & Zoning $28,412 $194, % Festival ketplace $5,789 $37, % Building $75,112 $474, % Downtown Community Center $9,394 $62, % Historical Society $19,515 $103, % Centennial Celebration Project $82 $4, % TOTAL COSTS $825,956 $4,086, % TRANSFERS Transfers In $2,205,356 $13,859, % Transfers Out $5,130,737 $31,132, % NET TRANSFERS IN(OUT) ($2,925,381) ($17,272,923) 49.72% OTHER USES Reserve for Council Special Projects ($136,385) $278, % Reserve for Other Restricted Purposes $0 $2,581, % Reserve for Emergencies & Shortfalls ($34,960) $1,920, % TOTAL OTHER USES ($171,345) $4,780, % TOTAL USES $3,579,993 $26,140,163 RESOURCES OVER (UNDER) USES ($572,460) $1,928,600

3 SALES TAX COLLECTIONS DATA - GENERAL FUND uary, 2008 Monthly Comparison OVERAGE ACTUAL BUDGET (SHORTAGE) INCR/DECR 2,186,369 2,340,968 (154,599) -6.60% INCREASE % OF (DECREASE) INCR/DECR 2,186,369 2,154,983 31, % Year - to - Date Comparison Month Budget JUL 2,119,161 2,072,688 2,302,054 AUG 2,020,754 2,044,931 2,195,154 SEP 1,971,635 2,049,621 2,141,796 OCT 2,019,158 2,330,404 2,193,420 NOV 1,962,191 2,055,252 2,131,537 DEC 1,870,781 1,985,171 2,032,238 JAN 2,154,983 2,186,369 2,340,968 FEB 2,078,142 2,257,495 MAR 1,925,067 2,091,209 APR 1,891,669 2,054,929 MAY 2,125,523 2,308,966 JUN 2,036,530 2,212,291 TOTAL 24,175,594 14,724,436 26,262,057 COMMENTS: The amount received in uary 2008 represents sales tax collections from the last half of the month of ember and the first half of ember. Year-to-date collections are over (under) projections: $ (612,731) Monthly Sales Tax Revenues 2,500,000 2,000,000 1,500,000 1,000, Budget 500,000 - JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN City of Edmond's Economic Engine JUL AUG SEP OCT NOV DEC JAN References: 2007 Population estimated at 76,680

4 PUBLIC WORKS AUTHORITY FINANCIAL SUMMARY CURRENT YEAR TO YEAR TO DATE MONTH DATE % OF BUDGET RESOURCES Licenses & Permits $59,926 $1,410, % Charges for Service $6,887,485 $50,423, % Interest $134,999 $1,063, % Miscellaneous Revenue $1,001,113 $1,128, % Subtotal - Revenues $8,083,523 $54,024, % Other Financing Sources Debt/Loan Proceeds $0 $252, % Unrestricted Prior Year Reserves $0 $29,029, % Total Other Financing Sources $0 $29,282, % USES Electric Utility $3,874,084 $30,041, % Water Utility $331,733 $3,604, % Solid Waste Utility $482,620 $2,106, % Wastewater Utility $211,980 $1,274, % Arcadia $31,495 $283, % Drainage $38,963 $274, % TOTAL COSTS $4,970,875 $37,585, % TRANSFERS Transfers In $2,041,803 $12,877, % Transfers Out ($3,925,757) ($23,301,620) 48.89% NET TRANSFERS IN(OUT) ($1,883,954) ($10,423,762) 50.32% OTHER USES Reserve for Capital Improvements $0 $1,125, % Reserve for Emergencies & Shortfalls ($60,000) $13,652, % TOTAL OTHER USES ($60,000) $14,777, % TOTAL USES $6,914,829 $62,786,872 RESOURCES OVER (UNDER) USES $1,168,694 $20,520,069

5 PUBLIC WORKS AUTHORITY FINANCIAL SUMMARY, CONTINUED Electric Monthly Revenue Water Monthly Revenue Wastewater Monthly Revenue

6 PUBLIC WORKS AUTHORITY FINANCIAL SUMMARY, CONTINUED Solid Waste Monthly Revenue 570, , , , , , ,000 Arcadia Monthly Revenue FY07-08 Budget FY07-08 Budget Drainage Monthly Revenue

7 OTHER MAJOR OPERATING FUNDS CURRENT YEAR TO YEAR TO DATE MONTH DATE % OF BUDGET RESOURCES Administrative Support Services Fund Revenues $22,096 $389, % Other Resources-Reserves $0 $3,345, % Fire Public Safety Limited Tax Fund Revenues $273,245 $1,792, % Other Resources-Reserves $0 $6,772, % Police Public Safety Limited Tax Fund Revenues $147,879 $967, % Other Resources-Reserves $0 $4,387, % Kickingbird Golf Course Fund Revenues $60,055 $819, % Other Resources-Loan Proceeds $0 $75, % Field Services Fund Revenues $14,569 $92, % Other Resources-Reserves $0 $81, % TOTAL RESOURCES $517,844 $18,722, % USES Administrative Support Services Fund Operating Uses/Net Transfers ($418,796) ($1,196,177) % Other Uses-Reserves $0 $0 Fire Public Safety Limited Tax Fund Operating Uses/Net Transfers $1,231,659 $2,142, % Other Uses-Reserves $0 $3,283, % Police Public Safety Limited Tax Fund Operating Uses/Net Transfers $713,374 $1,417, % Other Uses-Reserves $0 $2,969, % Kickingbird Golf Course Fund Operating Uses/Net Transfers $105,015 $828, % Other Uses-Reserves $0 $102, % Field Services Fund Operating Uses/Net Transfers $292,615 ($362,935) % Other Uses-Reserves $0 $0 TOTAL USES $1,923,866 $9,185, % RESOURCES OVER (UNDER) USES ($1,406,022) $9,537,523