City and County of Broomfield, Colorado CITY COUNCIL AGENDA MEMORANDUM,

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1 , Colorado To: From: Prepared by: CITY COUNCIL AGENDA MEMORANDUM, Mayor and City Council Charles Ozaki, City and County Manager 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 # January 1, 217 Manager s Report 13(a) Agenda Title: Budget Tracking and Revenue Reports 216 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 216. 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 216 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 216, totaled 15,713,91 which is 7.5 million more than the budgeted amount. The trend for this variance will be monitored through year-end. Balances in excess of projections at that time will be available for reallocation in future budgets. Historically, transfers to capital funds to build reserves to fund large capital (facilities and transportation) projects, have been the focus for these funds. Total 216 revenues for General Governmental Operating Funds year-to-date, through, were.3% less than budgeted levels and 7.1% more than 215 revenues. Total 216 property tax collected, as of 216, is 1.8% more than 215. Sales tax revenues year-to-date were 3.2% (624,138) higher than 216 projections through and 5.9% (1,116,273) higher than 215 actual amounts. Sales tax is expected to be close to the budgeted amount by year-end. Building Use Tax revenues were 3.4% (78,213) more than projected through 216, and 28.5% (521,488) higher than they were for the same period in 215. This is reflective of the lower number of single-family permits purchased in 215 and the timing of multi-family permits. Total 216 operating expenses, year-to-date through, were 6.7% less than budgeted levels and 6.2% higher than the same period of 215. The 216 unspent budget amount is primarily due to lower than anticipated costs in personnel, related to vacancy savings. Utility Operating Funds (Attachment 3) Total operating revenues through 216 are 1.2% (254,218) less than budgeted estimates and 4.8% (969,616) higher than 215. Operating expenditures for 216 year-to-date were 7.% (1,288,988) less than the projected budget and were 2.4% (46,631) higher than 215. The 216 unspent budget amount is primarily due to lower than anticipated costs in personnel, related to vacancy savings, and the timing of FEMA related grant expenditures. Capital Funds (Attachment 4) Through, 33.7% of the General Governmental Capital Budgets and 41.5% 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. REVENUE REPORT (Attachment 6) Total Sales tax revenues collected by both operating and capital funds through were 3.24% more than projected and 5.2% higher than 215. Year-to-date revenues for All General Governmental Operating type revenue (including transfers) were.27% less than projected for 216 and 4.99% higher than 215. Prior Council Action Council has received monthly financial updates at Council meetings since 29. Financial Considerations Based on the reports, actual expenditure activity for 216 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 Amended Budget , 216 Budget Favorable/ (Unfavorable) variance 215 Favorable/ (Unfavorable) variance General Governmental Operating Funds Operating Revenues 15,484,497 87,253,829 86,966,144 (.3%) 81,186, % Operating Expenditures (92,931,65) (75,83,94) (7,746,591) 6.7% (66,617,284) (6.2%) Net Operating Results 12,552,892 11,422,925 16,219,553 N/A 14,569,55 N/A Other Sources and Uses of Funds(net) (14,932,117) (1,648,152) (7,958,44) 25.3% (8,746,577) 9.% Net Sources/Uses of Funds (2,379,225) 774,773 8,261,149 N/A 5,822,478 N/A Utility Operating Funds Operating Revenues 26,77,258 21,575,993 21,321,775 (1.2%) 2,352, % Operating Expenditures (22,473,77) (18,487,65) (17,198,77) 7.% (16,791,446) (2.4%) Net Operating Results 3,64,181 3,88,928 4,123,698 N/A 3,56,713 N/A Other Sources and Uses of Funds(net) (13,698,66) (9,889,992) (4,46,455) 59.1% (7,18,662) 42.3% Net Sources/Uses of Funds (1,94,479) (6,81,64) 77,243 N/A (3,457,949) N/A General Governmental Capital Funds Annual Revenues 44,141,474 36,29,43 Annual Expenditures (94,229,756) (31,72,397) Net Before Other Sources/(Uses) of Funds (5,88,282) 4,489,6 Other Sources and Uses of Funds(net) 12,98,798 4,439,83 Net Sources/Uses of Funds (37,179,484) 8,928,836 Utility Capital Funds Annual Revenues 25,588,363 24,98,196 Annual Expenditures (67,225,31) (27,91,948) Net Before Other Sources/(Uses) of Funds (41,636,668) (2,993,752) Other Sources and Uses of Funds(net) 2,855,594 2,855,594 Net Sources/Uses of Funds (38,781,74) (138,158) Trust Funds Annual Revenues 2,378,48 16,16,947 15,574,247 (3.3%) 9,274, % Annual Expenditures (16,47,281) (12,59,553) (11,94,1) 11.3% (11,74,797) (.2%) Net Before Other Sources/(Uses) of Funds 3,971,127 3,597,394 4,48,246 N/A (1,8,725) N/A Other Sources and Uses of Funds(net) N/A - N/A Net Sources/Uses of Funds 3,971,127 3,597,394 4,48,246 N/A (1,8,725) N/A Total: All Funds Total Revenues 221,67, 184,979,765 Total Expenditures (293,266,75) (158,661,14) Net Before Other Sources/(Uses) of Funds (71,596,75) 26,318,751 Other Sources and Uses of Funds(net) (12,866,385) (4,79,435) Net Sources/Uses of Funds (1) (84,463,135) 21,69,316 (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 216 amended budget, beginning fund balances of 278,469,255 are projected to decrease 84,463,135 - as shown in the 216 Amended Budget Column above - resulting in a projected ending fund balance of 194,6,12. 13(a) - Page 2

3 Monthly Budget Report of General Governmental Operating Funds (Excludes Capital, Utility Enterprise and Trust Funds) 31, 216 Amended Budget 216 Budget Favorable/ (Unfavorable) variance 216 Budget to 215 Attachment 2 Favorable/ (Unfavorable) variance 216 to 215 Annual Revenues Taxes Sales Tax (including Sales Tax Audit Revenue) 28,15,677 19,526,986 2,151, % 19,34, % Property Tax 3,629,84 3,599,21 3,388,45 (.7%) 27,418,65 1.8% Specific Ownership Tax 2,133,995 1,88,456 1,974, % 1,442, % Use Tax - Building Materials 2,398,215 2,27,743 2,348, % 1,827, % Use Tax - Vehicle 3,646,56 3,2,128 2,859,842 (4.7%) 2,852,388.3% Gas and Electric Tax 2,4, 1,614,97 1,56,15 (3.3%) 1,615,398 (3.4%) Other Taxes 1,84,5 1,231,993 1,317, % 1,234, % License and Permits 2,939,66 2,492,647 2,715, % 2,259, % Intergovernmental Health and Human Services 11,171,929 7,67,18 6,677,498 (12.9%) 6,959,616 (4.1%) Highway User Tax/Registration Fees 2,376,944 1,968,158 1,99,486 (3.%) 1,811, % Other Intergovernmental 1,222, ,319 1,44, % 1,146,588 (8.9%) Charges for Services Recreation Services 5,322,429 4,674,64 4,933, % 4,83, % Internal Services 5,327,2 4,438,623 3,988,15 (1.1%) 3,839,81 3.9% Other Charges for Service 4,543,158 3,864,48 3,766,973 (2.5%) 3,525, % Investment Earnings 388,5 283, , % 284, % Other Revenue 1,72,95 893, , % 1,13,6 (12.%) Revenues-General Government Operating Funds 15,484,497 87,253,829 86,966,144 (.3%) 81,186, % Annual Expenditures Personnel 6,892,811 5,353,671 47,816,185 5.% 45,69,477 (4.8%) Supplies 4,858,355 3,852,662 3,338, % 2,921,871 (14.2%) Contractual Professional Services 4,969,942 3,96,356 3,27, % 2,769,2 (15.8%) District Attorney Services 1,875,457 1,562,881 1,565,754 (.2%) 1,47,23 (11.3%) Community Based Organizations 1,51,981 1,289,79 1,182, % 1,71,62 (1.4%) Insurance 1,888,798 1,42,33 1,598,925 (12.6%) 1,738,13 8.% Utilities 4,762,886 3,83,825 3,45, % 3,161,939 (7.7%) Repair and Maintenance 4,12,733 3,414,592 3,335,39 2.3% 2,832,398 (17.8%) Other - Training; Printing; Postage; Dues; Rental 2,386,695 1,926,995 1,545, % 1,457,268 (6.%) Operating Equipment 763,9 636, 525, % 71,128 (638.5%) Human Services Client Benefits 5,9,938 3,663,82 3,225, % 3,577, % Expenditures-General Government Operating Funds 92,931,65 75,83,94 7,746, % 66,617,284 (6.2%) Net Operating Results - Over/(Under) 12,552,892 11,422,925 16,219,553 N/A 14,569,55 N/A Other Sources/(Uses) of Funds Capital Funds - Transfers Out (9,538,474) (7,948,73) (5,523,16) 3.5% (6,57,8) 15.9% Debt/Lease Payments (3,95,814) (1,68,838) (1,7,336) (.1%) (1,111,787) 3.7% Contribution to Benefit Plans (1,63,584) (1,63,584) (1,364,98) 16.3% (1,64,71) (28.2%) Transfers to Operating Reserves (94,5) - - N/A - N/A Transfers from Reserves 237, N/A - N/A Subtotal Other Sources/(Uses) of Funds (14,932,117) (1,648,152) (7,958,44) 25.3% (8,746,577) 9.% Net Sources/ (Uses) of Funds (2,379,225) 774,773 8,261,149 N/A 5,822,478 N/A Beginning Fund Balance (does not include Reserves) 7,452,761 7,452,761 7,452,761 N/A 7,221,35 N/A Ending Fund Balance (does not include Reserves) 5,73,536 8,227,534 15,713,91 N/A 13,43,828 N/A 13(a) - Page 3

4 Attachment 3 City and County of Broomfield Monthly Budget Report of Utilities Operating Funds 31, 216 Amended Budget 216 Budget Favorable/ (Unfavorable) variance 216 Budget to 215 Favorable/ (Unfavorable) variance 216 to 215 Annual Revenues Charges for Services 24,555,47 2,34,52 2,256,612 (.2%) 18,643, % Intergovernmental 2, 2, 2,.% 457,653 (95.6%) Environmental Compliance Fee (ECF) 698,94 582,45 593,985 2.% 575, % Other (Interest, Contributions, Fees) 82, ,4 451,178 (32.6%) 674,638 (33.1%) Operating Revenues - Utilities Funds 26,77,258 21,575,993 21,321,775 (1.2%) 2,352, % Annual Operating Expenditures Personnel 5,726,23 4,734,981 4,48, % 4,311,141 (3.9%) Supplies Chemicals 795,37 636, , % 464,725 (11.3%) Equipment (less then 5,) 481,56 212,5 281,124 (32.6%) 285, % Other Supplies 52, , , % 313,479 (.7%) Contractual Contractual Services 975, , ,23 2.1% 668, % Denver Water 6,476,671 5,279,326 5,4,568 (2.3%) 5,662, % Water Fees - CBT/NCWCD 1,256,723 1,256,723 1,117, % 84,174 (39.%) Repair and Maintenance 39, ,53 174, % 161,637 (7.8%) Insurance 661,64 62,31 24, % 266, % Utilities 1,561,712 1,18,88 1,96, % 1,88,912 (.7%) Services Rendered - General Fund 3,327,2 2,772,667 2,771,42.% 2,531,74 (9.5%) Other - Training; Printing; Postage; Dues; Rental 31, , , % 231, % Operating Expenditures - Utilities Funds 22,473,77 18,487,65 17,198,77 7.% 16,791,446 (2.4%) Net Operating Results - Over/(Under) 3,64,181 3,88,928 4,123,698 N/A 3,56,713 N/A Other Sources/(Uses) of Funds Operating Equipment (greater than 5,) (126,4) - (63,565) N/A - N/A Operating Capital Water Operating Capital Repair and Maintenance (5,387,12) (3,431,242) (1,433,62) 58.2% (1,487,732) 3.6% Sewer Operating Capital Repair and Maintenance (6,632,943) (4,72,859) (1,2,466) 78.4% (4,417,16) 76.9% Reuse Water Operating Capital Repair and Maintenance (267,661) (243,717) (41,861) 82.8% (2,91) (18.4%) Transfers to Operating Reserves (466,363) (466,363) (466,363).% (162,63) (186.8%) Transfers from ECF Reserves 698, N/A - N/A Transfers to ECF Reserves (698,94) (582,45) (593,985) (2.%) (575,982) (3.1%) Transfers to Defined Benefit Pension Plan (333,34) (333,34) (38,991) 7.3% (233,49) (32.3%) Debt Service Payment (484,833) (112,21) (117,622) (5.%) (121,658) 3.3% Subtotal Other Sources/(Uses) of Funds (13,698,66) (9,889,992) (4,46,455) 59.1% (7,18,662) 42.3% Net Sources /(Uses) of Funds (1,94,479) (6,81,64) 77,243 N/A (3,457,949) N/A Beginning Fund Balance (does not include Reserves) 28,657,194 28,657,194 28,657,194 N/A 3,85,738 N/A Ending Fund Balance (does not include Reserves) 18,562,715 21,856,13 28,734,437 N/A 27,347,789 N/A 13(a) - Page 4

5 Attachment 4 City and County of Broomfield General Governmental and Utility Capital Funds 31, 216 General Governmental Funds Utilities Funds Amended Budget as a % of Budget Amended Budget as a % of Budget Annual Revenues Taxes 37,56,426 34,877, % - - N/A Intergovernmental 1,243,57 564, % 66,975 18, % Charges for Services - - N/A 23,746,417 23,467, % Other (Interest, Contributions, Fees) 5,391, , % 1,18,971 1,259, % Total Annual Revenues 44,141,474 36,29,43 82.% 25,588,363 24,98, % Capital Expenditures Capital Improvement Program Projects Building & Facilities 6,73,912 4,1, % - - N/A Drainage & Stormwater 22,814 6,769 N/A - - N/A Community Development 8,519,895 4,181, % - - N/A Information Technology 6,44,936 1,64, % - - N/A Landscaping 885,14 512, % - - N/A Open Space Acquisition & Improvement 3,184,849 2,942, % - - N/A Other Equipment Replacement 16, 421,411 N/A - - N/A Parks & Recreation 14,51,93 5,437, % - - N/A Planning & Miscellaneous 894,646 69, % - - N/A Public Art & Culture 361,24 65, % - - N/A Trail Improvements 3,138,89 16,5.5% - - N/A Transportation 35,653,935 8,76, % - - N/A Vehicle & Equipment 2,728,642 1,482, % - - N/A Utility Funds Projects Water Fund Projects - - N/A 4,73,49 25,65, % Sewer Fund Projects - - N/A 16,173, ,2 4.9% Reuse Fund Projects - - N/A 1,53, , % Lease Payments - General Governmental Funds 3,699, ,95 1.3% - - N/A Debt Service on Bonds- General Governmental Funds 7,811,376 1,825, % - - N/A Debt Service on Bonds - Utilities Funds - - N/A 9,267,661 1,349, % Total Capital Expenditures 94,229,756 31,72, % 67,225,31 27,91, % Net Before Other Sources/(Uses) of Funds (5,88,282) 4,489,6 (9.%) (41,636,668) (2,993,752) 7.2% Other Sources/(Uses) of Funds Transfers to Reserves (3,392,424) (1,166,66) 34.4% - - N/A Transfers from Reserves 6,762,748 83,33 1.2% 2,855,594 2,855,594 1.% Interfund Transfers In 9,538,474 5,523, % - - N/A Subtotal Other Sources/(Uses) of Funds 12,98,798 4,439, % 2,855,594 2,855,594 1.% Net Annual Activity (37,179,484) 8,928,836 N/A (38,781,74) (138,158) N/A Beginning Balance, in excess of Reserves 52,22,683 52,22,683 N/A 88,913,21 88,913,21 N/A Ending Fund Balance (does not include Reserves) 15,41,199 61,149,519 N/A 5,132,136 88,775,52 N/A Ending Balance by Fund Budget Budget Sale & Use Tax Capital Improvement Fund (CIP) 38,72 32,497,187 Asset Replacement Fund 3,726,115 7,429,84 Conservation Trust Fund (Lottery Funds) 744,166 1,66,637 Open Space and Parks Fund 693,67 3,676,375 Service Expansion Fee Fund (SEF) 8,498,53 8,572,446 Development Agreement Fund 1,29,328 7,746,964 Debt Service Fund 131,291 16,16 Utilities Funds 5,132,136 88,775,52 Total Ending Fund Balance 15,41,199 61,149,519 5,132,136 88,775,52 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 December 216, held in the Governmental Capital Funds are estimated to be: 5,76,4 Facilities Improvements; 4,13,132 Asset Protection; 313,684 Open Space- Markel Parcel 4; and 7,844,267. Debt Service Reserves. The Debt Service Reserves held in the Utility Funds as of December 216 equal 3,991, (a) - Page 5

6 Attachment 5 City and County of Broomfield Monthly Budget Report - Trust Funds 31, 216 Amended Budget 216 Budget Favorable/ (Unfavorable) variance 216 Budget to 215 Favorable/ (Unfavorable) variance 216 to 215 Annual Revenues Contributions 15,963,146 12,763,499 13,142,768 3.% 12,34, % Other (Interest and Other Fees) 4,415,262 3,343,448 2,431,479 (27.3%) (3,66,96) (179.3%) Revenues 2,378,48 16,16,947 15,574,247 (3.3%) 9,274, % Annual Operating Expenditures Benefit Payments 14,882,859 11,262,144 9,938, % 9,927,961 (.1%) Insurance 833, ,36 695,872 (.2%) 671,969 (3.6%) Administrative & Other 691, ,13 459, % 474, % Operating Expenditures 16,47,281 12,59,553 11,94,1 11.3% 11,74,797 (.2%) Net Sources/ (Uses) of Funds 3,971,127 3,597,394 4,48,246 N/A (1,8,725) N/A Beginning Fund Balance (does not include Reserves) 11,225,47 11,225,47 11,225,47 N/A 1,44,545 N/A Ending Fund Balance (does not include Reserves) 15,196,534 14,822,81 15,75,653 N/A 98,243,82 N/A Ending Balance by Fund 216 Budget Budget Employee Medical Care Plan 2,687,515 2,8,166 2,587,2 3,33,245 General Employee Pension Retirement Plan 9,18,12 9,3,286 1,142,31 9,29,625 General Employee Money Purchase Retirement Plan* 53,394,386 52,944,935 52,147,952 48,42,695 Police Employee Defined Pension Retirement Plan 32,661 49,663 64,96 4,54 Police Employee Money Purchase Retirement Plan* 38,517,971 38,421,892 39,383,829 36,391,491 Retiree Health Savings 1,383,989 1,35,858 1,379,6 878,224 Total Ending Fund Balance 15,196,534 14,822,81 15,75,653 98,243,82 * 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 Financial Report City and County of Broomfield Report #216-1 for 216 Prepared by the Broomfield Finance Department 13(a) - Page 7

8 Table 1 Sales Tax Revenues - Total Operating and Capital Original 216 Budget Estimate 52,266,894 Revised 216 Budget Estimate 53,113,44 Current Projected 216 Revenues Based on Revenues Received To-Date 54,835,27 - % Above (Below) Budget Estimate 1,721, % 8,, Sales Tax Revenues Month to Month 7,, 6,, 5,, 4,, 3,, 2,, 1,, 6,, Sales Tax Revenue Total to Date 5,, 4,, 3,, 2,, 1,, January 216 includes 32, of prior year sales tax 1/6/217 13(a) - Page 8

9 Table 2 Use Tax on Vehicles Original 216 Budget Estimate 5,56,4 Revised 216 Budget Estimate 6,34,75 Current Projected 216 Revenues Based on Revenues Received To-Date 5,871,828 (432,922) - % Above (Below) Budget Estimate (6.87%) 7, Use Tax on Vehicles Month to Month 6, 5, 4, 3, 2, 1, 7,, Use Tax on Vehicles Total to Date 6,, 5,, 4,, 3,, 2,, 1,, 1/6/217 13(a) - Page 9

10 Table 3 Use Tax on Building Materials Original 216 Budget Estimate 4,985,62 Revised 216 Budget Estimate 5,924,744 Current Projected 216 Revenues Based on Revenues Received To-Date 6,492,28 567,284 - % Above (Below) Budget Estimate 9.57% 1,4, Use Tax on Building Materials Month to Date 1,2, 1,, 8, 6, 4, 2, 7,, Use Tax on Building Materials Total to Date 6,, 5,, 214 Data 4,, 3,, 2,, 1,, * Monthly collections have not shown a repeatable pattern. The 216 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. 1/6/217 13(a) - Page 1

11 Table 4 Property Tax Revenue Original 216 Budget Estimate 34,887,97 Revised 216 Budget Estimate 34,845,43 Current Projected 216 Revenues Based on Revenues Received To-Date 34,845, % Above (Below) Budget Estimate.% 14,, Property Tax Month to Month 12,, 1,, 8,, 6,, 4,, 2,, 2,, 4,, 35,, Property Tax Total to Date 214 Data 3,, 25,, 2,, 15,, 1,, 5,, * The first property tax collections occur in February 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 1/6/217 13(a) - Page 11

12 Table 5 Building Permit Fees Original 216 Budget Estimate 2,389,645 Revised 216 Budget Estimate 2,57,36 Current Projected 216 Revenues Based on Revenues Received To-Date 2,67,45 1,9 - % Above (Below) Budget Estimate 3.89% 45, Building Permit Fees Month to Date 4, 35, 3, 25, 2, 15, 1, 5, 3,, Building Permit Fees Total to Date 2,5, 214 Data 2,, 1,5, 214 Data 1,, 5, * Modified Cash Basis. 1/6/217 13(a) - Page 12

13 Table 6 Highway Users' Tax Original 216 Budget Estimate 1,86, Revised 216 Budget Estimate 2,161,944 Current Projected 216 Revenues Based on Revenues Received To-Date 2,98,52 (63,442) - % Above (Below) Budget Estimate (2.93%) 25, Highway Users' Tax Month to Month 2, 15, 1, 5, 2,5, Highway Users' Tax Total to Date 2,, 1,5, 1,, 5, 1/6/217 13(a) - Page 13

14 Table 7 All General Operating Governmental Type Revenues Original 216 Budget Estimate 114,243,915 Revised 216 Budget Estimate 116,685,737 Current Projected 216 Revenues Based on Revenues Received To-Date 116,368,985 (316,752) - % Above (Below) Budget Estimate (.27%) 2,, All General Governmental Type Revenues Month to Month 18,, 16,, 14,, 12,, 1,, 8,, 6,, 4,, 2,, Revised Projection ,, All General Governmental Type Revenues Total to Date 12,, 1,, 8,, 6,, 4,, 2,, Revised Projection 216 1/6/217 13(a) - Page 14

15 Table 8 Water Sales Revenue Original 216 Budget Estimate 15,85,58 Revised 216 Budget Estimate 15,849,45 Current Projected 216 Revenues Based on Revenues Received To-Date 15,58,133 (791,317) - % Above (Below) Budget Estimate (4.99%) 2,5, Water Sales Revenue Month to Month 2,, 1,5, 1,, 5, 18,, Water Sales Revenue Total to Date 214 Data 16,, 14,, 12,, 1,, 8,, 6,, 4,, 2,, 1/6/217 13(a) - Page 15

16 Table 9 Water License Fees Revenue Original 216 Budget Estimate 14,99,195 Revised 216 Budget Estimate 13,861,95 Current Projected 216 Revenues Based on Revenues Received To-Date 16,383,617 2,522,522 - % Above (Below) Budget Estimate 18.2% 4,5, Water License Fees Month to Month 4,, 3,5, 3,, 2,5, 2,, 1,5, 1,, 5, 18,, Water License Fees Total to Date 16,, 14,, 214 Data 12,, 1,, 8,, 6,, 4,, 2,, * Modified Cash Basis. * Monthly collections have not shown a repeatable pattern. The 216 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. 1/6/217 13(a) - Page 16

17 Table 1 Sewer Charges Revenue Original 216 Budget Estimate 6,42,55 Revised 216 Budget Estimate 6,152,716 Current Projected 216 Revenues Based on Revenues Received To-Date 6,2,582 47,866 - % Above (Below) Budget Estimate.78% 1,2, Sewer Charges Revenue Month to Month 1,, 8, 6, 4, 2, 7,, Sewer Charges Revenue Total to Date 214 Data 6,, 5,, 4,, 3,, 2,, 1,, 1/6/217 13(a) - Page 17

18 Table 11 Sewer License Fees Original 216 Budget Estimate 1,895,65 Revised 216 Budget Estimate 9,885,322 Current Projected 216 Revenues Based on Revenues Received To-Date 1,162,16 276,784 - % Above (Below) Budget Estimate 2.8% 9,, Sewer License Fees Month to Month 8,, 7,, 6,, 5,, 4,, 3,, 2,, 1,, 14,, 12,, Sewer License Fees Total to Date 214 Data 1,, 8,, 6,, 4,, 2,, * Modified Cash Basis. * Monthly collections have not shown a repeatable pattern. The 216 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. 1/6/217 13(a) - Page 18

19 Table 12 Enterprise Funds Revenues Original 216 Budget Estimate 59,175,323 Revised 216 Budget Estimate 56,624,289 Current Projected 216 Revenues Based on Revenues Received To-Date 58,623,26 1,998,737 - % Above (Below) Budget Estimate 3.53% 16,, Enterprise Funds Month to Month 14,, 12,, 1,, 8,, 6,, 4,, 2,, 7,, Enterprise Funds Total to Date 214 Data 6,, 5,, 4,, 3,, 2,, 1,, 1/6/217 13(a) - Page 19