City of Sidney Summary Financial Reports January 1 through February 28, Prepared by: City of Sidney Finance Department

Transcription

1 City of Sidney Summary Financial Reports Prepared by: City of Sidney Finance Department

2 SUMMARY STATEMENT OF REVENUES, EXPENDITURES, AND FUND BALANCES 1/1/18 2/28/18 2/28/18 Cash Fund Year-to-Date Year-to-Date Cash Fund Unencumbered FUND Balance Receipts Expenditures Balance Encumbrances Balance General Fund General Fund (A) 8,433,310 2,506,275 4,131,089 6,808, ,128 5,915,368 Special Revenue Funds 27th Pay 132,462 71, , ,081 CDBG 210, , , , ,908 CDBG Loan 55, , ,064 CDBG Program Income Cemetery 157, ,805 41, ,359 1, ,804 Cemetery Maintenance 768,996 2, , ,464 Citizen Academy Grant Community Service Program 53,640 67, , ,777 Convention & Visitors' Bureau 27,000 11,218 27,000 11,218 85,000-73,782 County Auto License 96, ,519 2,069 94,450 CRA Fund 4, , ,980 Drug Law Enforcement 23, , ,192 E-911 Wireless 114,657 10,052 25,987 98, ,722 Enforcement and Education 6, , ,424 FEMA Grant Fire Loss Security 57, , ,787 Health Dept. Building Lease 53,143 1, , ,112 HOME Program Income 64, , ,169 Imprest Cash 3, , ,100 Indigent Driver Alcohol Treatment 24,234 1, , ,027 Indigent Driver I&A Monitoring 8,049 1,275 1,510 7,814 11,490-3,676 Insurance 19,520 51,230 4,948 65,802 44,135 21,667 Justice Reinvestment Incentive 100, , ,753 Law Enforcement 59, , ,490 Law Enforcement Diversion (A) 41,964 6,230 5,589 42,605 4,700 37,905 Mausoleum Maintenance 41, , ,603 Municipal Court Computers 38,718 5,963 27,226 17, ,455 Municipal Court Special Projects 508,281 19,365 7, ,476 7, ,897 Municipal Income Tax 650,000 2,648,113 2,648, , ,000 Neighborhood Stab Prog Grant Parking 96,976 2,777 3,711 96, ,292 Probation Grant 4,415 19,467 12,240 11,642 1,653 9,989 Separation Pay 505, ,697 23, , ,484 State Highway Improvement 1,444 12, , ,866 Street 566, , , , , ,976 TIF - Echo Development 26, ,168 1,100 25,068 TIF- Kuther Road 72, ,062 2,000 70,062 TIF- Menards 379, ,289 21, ,622 Subtotal Special Revenue Funds 4,973,855 3,594,435 3,268,374 5,299, ,878 4,510,038 page 1

3 SUMMARY STATEMENT OF REVENUES, EXPENDITURES, AND FUND BALANCES 1/1/18 2/28/18 2/28/18 Cash Fund Year-to-Date Year-to-Date Cash Fund Unencumbered FUND Balance Receipts Expenditures Balance Encumbrances Balance Capital Projects Funds Capital Improvement 3,115, , ,464 3,372,314 3,015, ,588 Municipal Tax for Street Capital 1,201, , ,637,954 3,190,155-1,552,201 Subtotal Capital Projects Funds 4,317, , ,464 5,010,268 6,205,881-1,195,613 Enterprise Funds Airport 77,196 90,856 64, ,878 76,475 27,403 Airport Improvement 244, , ,897 21, ,486 Concession Stand 7, ,314 6, ,259 Sewer 1,581,190 1,154,291 1,461,542 1,273, ,246 1,040,693 Sewer Improvement 5,314, , ,480 5,826,284 1,005,593 4,820,691 Sidney Water Park 66,278 87,000 3, ,492 19, ,401 Solid Waste 151, , ,704 55,434 1,204,162-1,148,728 Stormwater 202, , , ,617 10, ,378 Stormwater Improvement 231, , , ,672 Transportation 216, , , ,341 3, ,992 Transportation Improvement 76,992 16, ,289 82,247 11,042 Water 2,760,234 1,173,687 1,756,892 2,177, ,544 1,747,485 Water Reserve 4,811, ,363 63,710 5,165,359 5,637, ,484 Subtotal Enterprise Funds 15,742,820 4,567,574 4,326,904 15,983,490 8,723,200 7,260,290 Internal Service Funds Garage/Fleet Operations 59, , ,966 30, , ,176 Information Technology 433, , ,687 1,001, , ,556 Revenue Collections 59, , , ,233 9, ,647 Self Insurance 1,126, , ,784 1,220, ,220,355 Service Center Building 73, ,776 15, ,985 13, ,305 Subtotal Internal Service Funds 1,752,595 1,851, ,209 2,928, ,417 2,483,687 Fiduciary Funds B Bennett Trust Flower 2, , ,166 Catherine M. Truster Trust Flower 2, , ,708 Ike Family Mausoleum 4, , ,348 Port Jefferson 8,900 11,983 13,092 7, ,791 River Clean Up 34, , ,503 Unclaimed Funds 9, , ,916 Subtotal Fiduciary Funds 62,876 12,015 13,459 61, ,432 Notes Totals 35,282,620 13,505,586 12,696,499 36,091,706 17,056,504 19,035,202 (A) 1/1/18 Cash Fund Balance for the Law Enforcement Diversion Grant Fund includes a cash advance of $43,750 from the General Fund. * This financial statement is prepared on the cash basis of accounting, except for income tax receipts. Income tax receipts includes accrued receipts to be received by the 7th day following the end of the month. page 2

4 Year-to-Date 2018 Jan. 1 - Feb. 28 Jan. 1 - Feb. 28 Over/(Under) Revenue: Revised Budget Budget Actual Budget Var. % Transfer from Income Tax Fund 11,630,953 1,864,915 1,899,696 34, % Lodging tax (75%) 311,281 41,089 33,655 (7,434) -18.1% Other local taxes 1,033, State-levied-shared taxes & grants 587,718 69,546 72,079 2, % Fees for services 1,012, , ,911 23, % Court fines and costs 511,635 84,931 82,173 (2,758) -3.2% Investment income 100,000 15,667 33,242 17, % Interfund admin. reimbursements 1,539, , ,750 9, % Other 342,396 19,207 18,769 (438) -2.3% Total revenue 17,068,996 2,429,325 2,506,275 76, % Expenditures: Salaries and wages 9,411,523 1,468,185 1,417,840 (50,345) -3.4% Benefits and payroll taxes 3,829, , ,223 (7,984) -0.9% Contractual, materials & capital 3,157, , ,448 (30,132) -5.7% Repayment of long-term debt 34, Interfund services used 792, , ,415 1, % Interfund transfers & reimbursements 879, , , % Total expenditures 18,104,012 4,217,747 4,131,089 (86,658) -2.1% Net change in cash fund balance (1,035,016) (1,788,422) (1,624,814) 163,608 January 1 cash fund balance 8,433,310 8,433,310 8,433,310 Ending cash fund balance 7,398,294 6,644,888 6,808, , % Comments: * Revenue is nearly $76,900, or 3.2%, over budget. General Fund Revenues and Expenditures vs. Budget * Year-to-date expenditures are approximately $86,700, or 2.1%, under budget. * Fund balance is $163,608, or 2.5%, over the budgeted amount as of 2/28/2018, and is above the minimum reserve balance. $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 General Fund 2018 Fund Balance vs. Budget ############# Budget Actual YTD Min. Reserve Balance * NOTE: This financial statement is prepared on the cash basis of accounting, except for income tax revenue. Income tax revenue includes accrued revenue to be received by the 7th day following the end of the month. page 3

5 Budget vs. Actual: Municipal Income Tax Revenue from 1.5% Levy 2018 Budget (annual amounts) Actual Budget Budget-vsactual variance % Budget-vsactual variance Withholding 11,498,793 2,136,401 2,305,167 (168,766) -7.3% Net Direct 3,313, , , , % Total 14,812,184 2,648,113 2,517, , % Current Year-to-Date vs. Prior Year-to-Date: Amount Over/(Under) Pct.(%) Over/(Under) 2017 Withholding 2,136,401 2,217,170 (80,769) -3.6% Net Direct 511, , , % Total 2,648,113 2,538, , % $3,500 Income Tax Revenue For the Two Months Ended February 28 $3,000 in thousands $ $2,500 $2,000 $1,500 $1,000 $500 * Year-to-date expenditures approximate budget. $ * For the two months ended February 28, 2018, income tax revenue was 4.3% higher than 2017 collections and 5.2% above 2018 budget projections. * Net direct collections are taxes received based on business net profit reduced by refunds paid. This portion of income tax collections is the most volatile source of income tax collections and traditionally has been subject to upward, as well as downward, swings from year to year. Net direct collections are about $190,000 higher than last year's collections and nearly $299,800 over budget. The 2018 budget included a 5.9% increase in net direct collections from 2017 net actual collections. These direct collections will continue to be closely monitored. * Withholding collections for 2018 are 3.6% lower than the prior year's collections and 7.3% lower than budget projections. This reflects two months of withholdings; therefore, we will continue to closely monitor these amounts during the upcoming months. The 2018 budget included a 0.3% increase from 2017 actual withholdings. * NOTE: Income tax revenue in the above table and chart includes accrued revenue that will be received by the 7th day following the end of the month. page 4

6 Year-to-Date 2018 Jan. 1 - Feb. 28 Jan. 1 - Feb. 28 Over/(Under) Revenue: Revised Budget Budget Actual Budget Var. % Withholding 1,935, , ,913 (32,085) -8.3% Direct 595,032 38,582 84,387 45, % Refunds (42,800) (3,393) (3,760) Total revenue 2,487, , ,540 13, % Expenditures: Street Reconstruction & Maintenance 3,305, Fielding Road Reconstruction Park Street Bridge Over CSX Railroad Total expenditures 3,305, Net change in cash fund balance (818,168) 423, ,540 13,352 January 1 cash fund balance 1,201,414 1,201,414 1,201,414 Ending cash fund balance 383,246 1,624,602 1,637,954 13, % Comments: Municipal Income Tax for Street Capital Projects Fund - Additional 0.25% Income Tax Levy Revenues and Expenditures vs. Budget * Revenue is nearly $13,400, or 3.2%, over budget. * Expenditures for the 2018 paving program has been awarded and about $3.1 million has been encumbered. * Fund balance is $13,352 over budget as of February 28, * NOTE: Income tax revenue in the above table and chart includes accrued revenue that will be received by the 7th day following the end of the month. $ % Income Tax Revenue For the Two Months Ended February 28 $600 in thousands $ $500 $400 $300 $200 $100 $ page 5

7 Community Service Program Fund Revenues and Expenditures vs. Budget Year-to-Date 2018 Jan. 1 - Feb. 28 Jan. 1 - Feb. 28 Over/(Under) Revenue: Revised Budget Budget Actual Budget Var. % Transfer in from General Fund 51,840 51,840 65,164 13, % Contribution from Lodging Tax 1,973 1,973 1, % Total revenue 53,813 53,813 67,137 13, % Expenditures: Salaries and wages 51,360 7,909 - (7,909) % Benefits and payroll taxes 27,475 5,683 - (5,683) % Contractual, materials & capital 20,550 3,425 - (3,425) % Interfund services used (103) % Total expenditures 100,000 17,120 - (17,120) % Net change in cash fund balance (46,187) 36,693 67,137 30,444 January 1 cash fund balance 53,640 53,640 53,640 Ending cash fund balance 7,453 90, ,777 30, % Comments: * Revenue reflects primarily the transfer in from the General Fund of additional funds available to be spent on Community Service Programs and vacant property inspector in accordance with the Lodging Tax Policy. *Year-to-date expenditures are approximately $17,120 under budget due to the Vacant Property Inspector position not scheduled to start until April. * Fund balance is $30,444 over fund balance as of February 28, *NOTE: These financial statements are prepared on the cash basis of accounting. Convention and Visitors Bureau Fund - 25% Lodging Tax Revenues and Expenditures vs. Budget Year-to-Date 2018 February 28, 2018 February 28, 2018 Over/(Under) Revenue: Budget Budget Actual Budget Var. % Lodging tax (25%) 103,760 14,215 11,218 (2,997) -21.1% Expenditures: Contractual, materials & capital 112,000 27,000 27, % Total expenditures 112,000 27,000 27, % Net change in cash fund balance (8,240) (12,785) (15,782) (2,997) January 1 cash fund balance 27,000 27,000 27,000 Ending cash fund balance 18,760 14,215 11,218 (2,997) -21.1% Comments: * Revenue is $2,997, or 21.1%, under budget. * Fund balance is $2,997 under budget as of February 28, *NOTE: These financial statements are prepared on the cash basis of accounting. page 6

8 Year-to-Date 2018 Jan. 1 - Feb. 28 Jan. 1 - Feb. 28 Over/(Under) Revenue: Revised Budget Budget Actual Budget Var. % Motor vehicle license fees 199,185 33,065 40,381 7, % Gasoline tax 662, , ,719 2, % $5 Permissive license fee 105,683 17,614 16,124 (1,490) -8.5% Reimb.- State Highway Fund 71, Other 3, ,946 1, % Total revenue 1,042, , ,170 9, % Expenditures: Salaries and wages 469,411 87,044 77,936 (9,108) -10.5% Benefits and payroll taxes 138,285 33,302 32,553 (749) -2.2% Contractual, materials & capital 476, , ,996 (15,602) -8.1% Interfund services used 148,250 60,055 61,910 1, % $5 license fee pd to Cap Impr Fund 105,683 17,614 16,124 (1,490) -8.5% Interfund administrative charges 132,056 24,764 24, % Total expenditures 1,470, , ,283 (25,093) -6.0% Net income (loss) before subsidy (428,063) (254,163) (219,113) 35,050 General Fund Subsidy 160, , , % Net change in cash fund balance (268,063) (94,163) (59,113) 35,050 January 1 cash fund balance 566, , ,105 Ending cash fund balance 298, , ,992 35, % Comments: * Revenue is nearly $10,000, or 6.2%, over budget. * Expenditures are about $25,000, or 6.0%, under budget. Street Fund Revenues and Expenditures vs. Budget $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 Street Fund 2018 Fund Balance vs. Budget ############# Budget Actual YTD Min. Reserve Balance Fund balance is $35,050 over budget as of February 28, 2018 and is above the minimum reserve balance. *NOTE: This financial statement is prepared on the cash basis of accounting. page 7

9 Airport Fund Revenues and Expenditures vs. Budget Year-to-Date 2018 Jan. 1 - Feb. 28 Jan. 1 - Feb. 28 Over/(Under) Revenue: Budget Budget Actual Budget Var. % Sale of Airport Fuel (net of cost) 31,352 3,126 2,356 (770) 24.6% Airport Hanger Rentals 73,360 9,023 12,540 3, % Other 18,727 - (25) (25) ---- Total revenue 123,439 12,149 14,871 2, % Expenditures: Salaries and wages 3, % Benefits and payroll taxes (23) -12.1% Contractual, materials & capital 157,821 34,901 29,105 (5,796) -16.6% Interfund services used 4, (341) -45.0% Interfund administrative charge 17,933 2,989 2, % Total expenditures 184,284 39,349 33,189 (6,160) -15.7% Net income before subsidy (60,845) (27,200) (18,318) 8,882 General Fund Subsidy 45,000 45,000 45,000 - Net change in cash fund balance (15,845) 17,800 26,682 8,882 January 1 cash fund balance 77,196 77,196 77,196 Ending cash fund balance 61,351 94, ,878 8, % Comments: * Airport revenue for the year is approximately $2,700, or 22.4%, over budget. * Expenditures are approximately $6,200, or 15.7%, under budget. Airport Fund 2018 Fund Balance vs. Budget $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $0 ########### Budget Actual YTD This graph shows that the Airport cash fund balance at February 28, 2018 is $8,882 over the budgeted balance. *NOTE: This financial statement is prepared on the cash basis of accounting. page 8

10 Sewer Fund Revenues and Expenditures vs. Budget Year-to-Date 2018 Jan. 1 - Feb. 28 Jan. 1 - Feb. 28 Over/(Under) Revenue: Budget Budget Actual Budget Var. % Sewer user charges 4,124, , ,668 (16,252) -1.9% EPA fees 1,460, , ,114 (9,294) -3.8% Other 377,918 87,934 72,509 (15,425) -17.5% Total revenue 5,962,696 1,195,262 1,154,291 (40,971) -3.4% Expenditures: Salaries and wages 1,101, , ,227 (21,013) -12.5% Benefits and payroll taxes 466, ,493 84,789 (16,704) -16.5% Contractual, materials & capital 836, , ,016 (16,365) -11.0% Debt service 1,467, , , % Interfund services used 239, , , % Interfund administrative charge 492,297 82,050 82, % Interfund reimbursements 1,527, , , % Total expenditures 6,130,938 1,515,320 1,461,542 (53,778) -3.5% Net change in cash fund balance (168,242) (320,059) (307,251) 12,808 January 1 cash fund balance 1,581,190 1,581,190 1,581,190 Ending cash fund balance 1,412,948 1,261,131 1,273,939 12, % Comments: * Sewer revenue for the year is nearly $41,000, or 3.4%, under budget. * Expenditures are nearly $53,800, or 3.5%, under budget. Sewer Fund 2018 Fund Balance vs. Budget $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 ########### Budget Actual YTD Min. Reserve Balance This graph shows that the Sewer cash fund balance at February 28, 2018 is $12,808, over the budgeted balance, and is above the minimum reserve balance. *NOTE: This financial statement is prepared on the cash basis of accounting. page 9

11 Stormwater Fund Revenues and Expenditures vs. Budget Year-to-Date 2018 Jan. 1 - Feb. 28 Jan. 1 - Feb. 28 Over/(Under) Revenue: Budget Budget Actual Budget Var. % Stormwater charges 394, , ,207 1, % Capital stormwater charge 233,105 91,913 77,849 (14,064) -15.3% Total revenue 627, , ,056 (12,338) -4.9% Expenditures: Salaries and wages 212,919 32,494 32,125 (369) -1.1% Benefits and payroll taxes 88,450 19,354 18,423 (931) -4.8% Contractual, materials & capital 21,310 4,585 2,803 (1,782) -38.9% Reimbursement to stormwater capital 275, , ,744 (14,064) -10.5% Interfund services used 37,164 28,909 26,837 (2,072) -7.2% Interfund administrative charges 24,903 5,071 5, % Total expenditures 659, , ,003 (19,217) -8.6% Net change in cash fund balance (32,481) 26,173 33,053 6,880 January 1 cash fund balance 202, , ,564 Ending cash fund balance 170, , ,617 6, % Comments: * Stormwater revenue for the year is nearly $12,300, or 4.9%, under budget. * Stormwater expenditures are nearly $19,200, or 8.6%, under budget. Stormwater Fund 2018 Fund Balance vs. Budget $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 ############ Budget Actual YTD Min. Reserve Balance This graph shows that the Stormwater cash fund balance at February 28, 2018 is $6,880 over the budgeted balance, and is above the minimum reserve balance. *NOTE: This financial statement is prepared on the cash basis of accounting. page 10

12 Water Fund Revenues and Expenditures vs. Budget Year-to-Date 2018 Jan. 1 - Feb. 28 Jan. 1 - Feb. 28 Over/(Under) Revenue: Budget Budget Actual Budget Var. % Water meter collections 5,546,054 1,159,680 1,157,068 (2,612) -0.2% Other 77,118 12,853 16,619 3, % Total revenue 5,623,172 1,172,533 1,173,687 1, % Expenditures: Salaries and wages 1,073, , ,027 (33,991) -20.4% Benefits and payroll taxes 418,960 93,317 71,577 (21,740) -23.3% Contractual, materials & capital 1,169, , ,648 21, % Debt service 1,713, , , % Interfund services used 209, , , % Interfund administrative charge 612, , , % Interfund reimbursements 1,220, , , % Total expenditures 6,417,667 1,790,705 1,756,892 (33,813) -1.9% Net change in cash fund balance (794,495) (618,172) (583,205) 34,967 January 1 cash fund balance 2,760,234 2,760,234 2,760,234 Ending fund cash balance 1,965,739 2,142,062 2,177,029 34, % Comments: * Revenue is nearly $1,200, or 0.1%, over budget. * Expenditures are about $33,800, or 1.9%, under budget. Water Fund 2018 Fund Balance vs. Budget $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 ########## Budget Actual YTD Min. Reserve Balance Fund balance is $34,967 over budget as of February 28, 2018, and is above the minimum reserve balance. *NOTE: This financial statement is prepared on the cash basis of accounting. page 11

13 Major Projects: Capital Improvement Fund Major Project Status YTD through February 28, 2018 Deemed Budget Year-to-Date Actual Unencumbered Appropriated/ 2017 Carry- Total (Available) 2018 Transfers/ over Total Actual Expended & Budget Budget Supplemental Encumbrances Budget Expenditures Encumbered Encumbered Balance Street/Traffic/Bridge projects: Contract roadway surface restoration 505,683 (1,878) 12, ,802 14,203 44,085 58, ,514 Asphalt preventative maintenance 66,150 49, , ,150 Sidewalks, curbs & gutters 85, ,000 1,030-1,030 83,970 State Rt 47 median - 50, , ,272 29,580 81, ,272 50,000 Fair & I-75 S traffic signal 210, , ,000 Fair & Vandemark traffic signal 140, , ,000 Jefferson Street Bridge - 138, , , , ,857 (33) Bruce Street Bridge - 60,000-60, ,000 Port Jefferson Road Reconstruction ,500 62,500-62,500 62,500 - Sign Reflectivity 10, , ,231 5,467 4,533 LED Replacement Program 6, , ,000 Traffic Actuated Signals 4, , ,000 Other projects 41, ,678 19, ,074 7,007 31,108 38, ,959 Total Street/Bridge/Traffic 1,067, , ,049 1,802,082 52, , ,989 1,256,093 Parks & Recreation: Replace play equipment 35,000-1,731 36,731-1,731 1,731 35,000 Ash tree removal 10, ,000-10,000 10,000 - Schultz Park renovations 21,550-3,000 24,550-3,000 3,000 21,550 Outdoor fitness 90,000-90, ,000 Relocate historical bridge 12,700-43,142 55,842-50,092 50,092 5,750 Other park projects - - 4,691 4,691-4,691 4,691 - Total Parks & Recreation 169,250-52, ,814-69,514 69, ,300 Facilities Improvements: City Hall - HVAC & Other Improvements ,447 84,447 1,971 82,476 84,447 - City Hall -Building repairs - 235, , ,022 City Hall - Replace carpet 30, , ,000 Municipal Court - building repairs 50,000-77, ,350-77,350 77,350 50,000 Municipal Court- restoration 50,000 75, , ,000 Police Station - training room ,800 19,300 18,800-18, Police Station - exterior 10, , ,000 Streets- Salt Dome , ,537 73,500 52, ,537 - Fire Station #1 - Exhaust 55, , ,000 Fire Station North End- Land purchase , , , ,000 - Total Facilities Improvement 195, , ,134 1,286,656 94, , , ,522 Page 12

14 Capital Improvement Fund Major Project Status YTD through February 28, 2018 Deemed Budget Year-to-Date Actual Unencumbered Appropriated/ 2017 Carry- Total (Available) 2018 Transfers/ over Total Actual Expended & Budget Budget Supplemental Encumbrances Budget Expenditures Encumbered Encumbered Balance Major Projects: Other: Fire - replace SCBA & SAR's 295, , , ,981 16,519 Ohio Building Roof replacement - 460,000 31, ,759 4,193 37,532 41, ,034 Police/Fire - Upgrade CAD & mobile equipment , ,671 28, , ,671 - Traffic sign printer, software & supplies 28,000-28, ,737 28,016 (16) Other projects - - 9,895 9,895 7,000 2,895 9,895 - Revitalization opportunities 50,000-7,581 57,581-7,581 7,581 50,000 Total Other 373, , ,906 1,063,406 39, , , ,537 Fleet Acquisitions: Cemetery - Lawn Mower bags ,695-2,695 (2,695) Fire - Replace Engine 2 and Latdder 5 with Quint 1,150, ,150,000-1,077,447 1,077,447 72,553 Police - squad vehicles (rotation) 112,500-15, ,832 11,931 84,486 96,417 31,415 Police - replace K-9 12,000-12, ,000 Park - Sr. Directors car 25, ,000-23,831 23,831 1,169 Park - Leased vehicles 17,840-1,361 19,201 1,487 17,840 19,327 (126) Street- 5 ton dump truck with spreader 142, ,000 78,016 54, ,966 9,034 Other - 3,300-3, ,300 Total fleet acquisitions 1,459,340 3,300 16,693 1,479,333 94,129 1,258,554 1,352, ,650 Transfers/Reimbursements Out: General Fund Reimbursement 154, , ,637 Reimbursement to Fire Station #3 Capital Fund 50, , ,000 Total Transfers/Reimbursements Out 204, , ,637 Debt Service: Refinanced G.O. Bonds - Police facility 515, , ,538 Refinanced G.O. Bonds - Court Facility 188, , ,700 OPWC Street Loan- Fielding Road 7, , ,850 Total Debt Service 712, , ,088 Total Capital Improvement Fund 4,181,648 1,171,022 1,417,346 6,770, ,464 3,015,725 3,296,189 3,473,827 Page 13

15 Water Reserve Fund Major Project Status YTD through February 28, 2018 Budget Year-to-Date Actual Unencumbered 2017 Carry- Total (Available) 2018 Transfers/ over Total Actual Expended & Budget Budget Supplemental Encumbrances Budget Expenditures Encumbered Encumbered Balance Major Projects: Debt funded projects Water System Improvement -Water source - - 1,416,739 1,416,739 5,400 1,411,339 1,416,739 - Repair Lime Lagoon - - 3,694,484 3,694,484-3,694,484 3,694,484 - Cash funded projects New Water Source Property Acquisition 3,217, ,363 3,332,386 6, , ,076 3,211,310 Oversize South Vandemark 25, , ,000 Letitia Dr and Elizabeth Ct Water Main 229, , ,557 Ruth St Water Main 254, , , ,900 13,900 WTP Replace Flocculator Gear Box 31,950-31,943 63,893 31,943 31,950 63,893 - WTP Replace Fast Mixer Gear Box 18,750-20,193 38,943 20,193 18,750 38,943 - WTP- replace Allen-Bradley controller 83, , ,500 WTP- Gate Replacement Replace Meters Other Projects 50,000-33,588 83,588-47,998 47,998 35,590 Vehicle 85, ,000-77,522 77,522 7,478 Total expenditures / encumbrances 3,995,580-5,312,310 9,307,890 63,710 5,637,845 5,701,555 3,606,335 Page 14

16 Sewer Improvement Fund Major Project Status YTD through February 28, 2018 Budget Year-to-Date Actual Unencumbered 2017 Carry- Total (Available) 2018 Transfers/ over Total Actual Expended & Budget Budget Supplemental Encumbrances Budget Expenditures Encumbered Encumbered Balance Major Projects: Debt funded projects NPDES Compliance Engineering Design ,055 62,055-62,055 62,055 - WWTP Expansion Phase I , , , ,516 - WWTP Phase II Engineering Design - 18,716 51,923 70,639 65,618 5,021 70,639 - WWTP Expansion Phase II 7,920,000 (18,716) - 7,901, ,901,103 Cash funded projects Sixth Avenue Sewer Replacement ,882 10,882-10,882 10,882 - Chestnut Avenue Sewer Replacement 176,000-2, ,114 2, , ,114 - Chestnut Avenue Sewer Phase II 573,000 (1,450) - 571, , ,021 54,529 Hall Street Sewer Interceptor Improvements 142,500 (2,500) - 140, ,000 Park St East 125, , ,155 Southwest Sanitary Sewer - 3, , , ,480 17, ,585 - Maxwell Street Sewer 198, , ,000 Bay Street Sewer 57, , ,000 Mason Rd lift station 53, ,500-40,121 40,121 13,379 Radio Telemetry 80, , ,000 WWTP- Aeration Basin Diffuser Replacement 19, ,708-17,395 17,395 2,313 WWTP- Pump/Motor/Chemical Feeder Rebuild 30,000-3,672 33,672-7,313 7,313 26,359 WWTP- Upgrade PLC-5 83, , ,500 WWTP- Digester - 50,000-50, ,000 I & I Low Income Assistance 70,000-1,800 71,800 1,587-1,587 70,213 Inflow/Infiltration Reduction 175,000-14, ,357 24,504 1,260 25, ,593 Other Projects 98, ,213 (1,100) - (1,100) 99,313 Total expenditures / encumbrances 9,801,576 50, ,954 10,295, ,480 1,005,593 1,231,073 9,064,457 Page 15

17 Stormwater Improvement Fund Major Project Status YTD through February 28, 2018 Budget Year-to-Date Actual Unencumbered 2017 Carry- Total (Available) 2018 Transfers/ over Total Actual Expended & Budget Budget Supplemental Encumbrances Budget Expenditures Encumbered Encumbered Balance Major Projects: YMCA Storm Replacement 126, , ,700 Additional Downtown Storm Sewers 309, , ,000 Helen Court Storm Improvement 119, , ,772 Storm sewer projects 51, , ,500 Total expenditures / encumbrances 606, , ,972 Transportation Improvement Fund Major Project Status YTD through February 28, 2018 Budget Year-to-Date Actual Unencumbered 2017 Carry- Total (Available) 2018 Transfers/ over Total Actual Expended & Budget Budget Supplemental Encumbrances Budget Expenditures Encumbered Encumbered Balance Major Projects: Interior cameras 46, , ,000 Mobility Access vehicle & Light Transit vehicle 176, , ,000 Tablets 15, , ,000 Transit Software ,800 71,800-71,800 71,800 - Other equipment & projects - 22,975 10,447 33,422-10,447 10,447 22, ,000 22,975 82, ,222-82,247 82, ,975 Airport Improvement Fund Major Project Status YTD through February 28, 2018 Budget Year-to-Date Actual Unencumbered 2017 Carry- Total (Available) 2018 Transfers/ over Total Actual Expended & Budget Budget Supplemental Encumbrances Budget Expenditures Encumbered Encumbered Balance Major Projects: Design for Rehab of Aprons A,C & G & Taxiway A 135, , ,000 Rehab Apron A 30, , ,000 Turnaround Improvements 29, , ,000 City funded projects - T-hanger Improvements 10, , ,000 City funded project - Fueling Station - 3,000 15,740 18,740 15,740 2,350 18, Other projects - 18,560 19,061 37,621-19,061 19,061 18,560 Total expenditures / encumbrances 204,000 21,560 34, ,361 15,740 21,411 37, ,210 Page 16

18 City of Sidney Investment Report February 28, 2018 Total Portfolio : $34,871,351 Cost Basis (purchase price) - excluding Self Insurance Fund $34,561,222 Market Value Portfolio Allocation U.S. Gov't Sponsored Corps (FHLB, FHLMC) 64% Star Ohio 18% Interest bearing checking 18% Safety, or preservation of principal, is the foremost goal of the City's investment portfolio. The investment policy permits only very safe investments, such as U.S. Treasury notes, U.S. agency or government sponsored corporation notes, and collaterized certificates of deposit. The City of Sidney is investing in U.S government sponsored corporation notes because they generally are the highest yielding of the eligible investments. Return 3.0% 2.0% 1.0% 0.0% 1.58% City of Sidney Investment Portfolio Compared to Benchmarks As of February 28, % 2.13% CITY OF SIDNEY 1-Yr Treasury 2-Yr Treasury Investment income is a secondary concern after safety. Our benchmark is to compare our portfolio yield to both the one-year U.S. Treasury note and the two-year U.S. Treasury note. Liquidity - another objective is to have adequate uninvested cash amounts when they are needed to pay the City's obligations. Investments are purchased with varying maturity dates to ensure adequate cash balances are on hand when needed. The average weighted maturity based on estimated maturity dates at February 28, 2018 was roughly 18 months. All of the investments have step-up provisions providing the City with interest rate risk protection if rates were to rise. Our benchmark rate, the two-year treasury, is slightly above our current yield. Investment Portfolio As of February 28, 2018 Description Coupon Structure Call Type Expected Maturity Date * Yield ** Cost Basis (purchase price) INTEREST-BEARING CHECKING n/a 0.35% $ 6,390,666 STAR OHIO n/a 1.45% 6,087,766 FHLMC NOTE 1.5% STEP UP Quarterly 8/24/ % 999,470 FHLMC NOTE 2.0% STEP UP Quarterly 10/28/ % 1,999,000 FHLMC NOTE 2.0% STEP UP Quarterly 11/23/ % 1,999,500 FHLMC NOTE 2.00% STEP UP Quarterly 12/29/ % 1,999,000 FHLMC NOTE 1.75% STEP UP Quarterly 9/29/ % 1,999,500 FHLMC NOTE 2.0% STEP UP Quarterly 7/27/ % 2,000,000 FHLB NOTE 1.7% STEP UP Quarterly 1/27/ % 2,000,000 FHLMC NOTE 2.0% STEP UP Quarterly 7/5/ % 2,000,000 FHLMC NOTE 1.75% STEP UP Quarterly 10/27/ % 1,396,850 FNMA 1.50% STEP UP Quarterly 7/28/ % 2,000,000 FHLMC NOTE 2.25% STEP UP Quarterly 11/28/ % 2,000,000 FHLMC NOTE 2.25% STEP UP Quarterly 12/29/ % 1,999,600 $ 34,871,351 * Expected maturity date is based on the City's Investment Advisor's estimate of when an investment will become due or be called, if applicable. ** Yield is calculated based on a "Yield to Worst" computation based on the minimum yield to specific call date or maturity. Actual yield may be higher. Page 17