FINANCE REPORT SEPTEMBER 2013

Transcription

1 Agenda Item # 11/14/13 Town of Mineral Springs FINANCE REPORT SEPTEMBER 2013 Prepared for: The Mineral Springs Town Council By: Frederick Becker III Finance Officer November 14, 2013

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3 Cash Flow Report FY2013 YTD 7/1/2013 Through 9/30/ /10/2013 Page 1 7/1/2013- Category Description 9/30/2013 INCOME Franchise Cable TOTAL Franchise Interest Income Other Inc Zoning 1, TOTAL Other Inc 1, Prop Tax 2013 Receipts 2013 Int 0.00 Tax 3, TOTAL Receipts , TOTAL Prop Tax , Prop Tax Prior Years Prop Tax 2001 Receipts 2001 Int 8.32 Tax 1.95 TOTAL Receipts TOTAL Prop Tax Prop Tax 2002 Receipts 2002 Int Tax 9.34 TOTAL Receipts TOTAL Prop Tax Prop Tax 2003 Annexation 2003 Receipts 2003 Int 4.22 Tax 5.25 TOTAL Receipts TOTAL Annexation Receipts 2003 Int Tax TOTAL Receipts TOTAL Prop Tax Prop Tax 2004 Receipts 2004 Int Tax TOTAL Receipts TOTAL Prop Tax Prop Tax 2005 Receipts 2005 Int Tax TOTAL Receipts

4 Cash Flow Report FY2013 YTD 7/1/2013 Through 9/30/ /10/2013 Page 2 7/1/2013- Category Description 9/30/2013 TOTAL Prop Tax Prop Tax 2006 Receipts 2006 Int Tax TOTAL Receipts TOTAL Prop Tax Prop Tax 2007 Receipts 2007 Int Tax TOTAL Receipts TOTAL Prop Tax Prop Tax 2008 Receipts 2008 Int Tax TOTAL Receipts Refunds 2008 Int TOTAL Refunds TOTAL Prop Tax Prop Tax 2009 Receipts 2009 Int Tax TOTAL Receipts Refunds 2009 Int TOTAL Refunds TOTAL Prop Tax Prop Tax 2010 Receipts 2010 Int Tax TOTAL Receipts Refunds 2010 Int TOTAL Refunds TOTAL Prop Tax Prop Tax 2011 Receipts 2011 Int Tax TOTAL Receipts Refunds 2011 Int TOTAL Refunds TOTAL Prop Tax Prop Tax 2012 Receipts 2012

5 Cash Flow Report FY2013 YTD 7/1/2013 Through 9/30/ /10/2013 Page 3 7/1/2013- Category Description 9/30/2013 Int 8.72 Tax TOTAL Receipts TOTAL Prop Tax TOTAL Prop Tax Prior Years 1, Sales Tax Sales & Use Dist 1, TOTAL Sales Tax 1, Veh Tax Coll TOTAL Coll Int Int Int Int Int Int Tax Tax Tax Tax Tax Tax TOTAL Veh Tax TOTAL INCOME 9, EXPENSES Uncategorized 0.00 Ads Attorney 1, Community Greenway TOTAL Community Dues 1, Emp Benefits Dental Life NCLGERS 2, Vision TOTAL Benefits 2, Bond FICA Med Soc Sec 1,593.54

6 Cash Flow Report FY2013 YTD 7/1/2013 Through 9/30/ /10/2013 Page 4 7/1/2013- Category Description 9/30/2013 TOTAL FICA 1, Payroll SUI Work Comp TOTAL Emp 6, Ins 3, Office Bank Clerk 7, Council 1, Deputy Clerk 1, Finance Officer 7, Maint Materials Service 3, TOTAL Maint 3, Mayor 1, Misc Supplies Tel 2, Util TOTAL Office 28, Planning Administration Salaries 6, TOTAL Administration 6, Misc TOTAL Planning 7, Street Lighting Tax Coll Bill Services TOTAL Bill Contract Post Sal TOTAL Tax Coll Training Staff TOTAL Training Travel 1, TOTAL EXPENSES 51, TRANSFERS FROM Check Min Spgs 30, FROM MM Sav ParkSterling 20, TO Check Min Spgs -20, TO MM Sav ParkSterling -30, TOTAL TRANSFERS 0.00 OVERALL TOTAL -42,194.47

7 Account Balances History Report (Includes unrealized gains) As of 9/30/ /10/2013 Page 1 6/29/2013 6/30/2013 7/31/2013 8/31/2013 9/30/2013 Account Balance Balance Balance Balance Balance ASSETS Cash and Bank Accounts Check Min Spgs 23, , , , , Copper Run Escrow 66, , , , , Estates at Soen Escrow 28, , , , , MM Sav Min Spgs 10, , , , , MM Sav ParkSterling 470, , , , , NCCMT_Cash 1, , , , , TOTAL Cash and Bank Accounts 600, , , , , Other Assets State Revenues Receivable , , , TOTAL Other Assets , , , TOTAL ASSETS 600, , , , , LIABILITIES Other Liabilities Accounts Payable , Escrows 94, , , , , TOTAL Other Liabilities 94, , , , , TOTAL LIABILITIES 94, , , , , OVERALL TOTAL 506, , , , ,442.42

8 Mineral Springs Monthly Revenue Summary TOWN OF MINERAL SPRINGS REVENUE SUMMARY Source Budget Receivable Rec'd YTD % of Budget July August September October November Property Tax - prior $ 3, $ 1, $ 1, % $ $ $ Property Tax $ 64, $ 60, $ 3, % $ - $ $ 3, Dupl. Property Tax $ - $ - $ - $ - $ - $ - Franchise Taxes: cable $ 2, $ 1, $ % $ - $ $ - Franchise Taxes: utility $ 180, $ 180, $ - 0.0% $ - $ - $ - Fund Balance Approp. $ - $ - $ - $ - $ - $ - Gross Receipts Tax $ - $ - $ - $ - $ - $ - Interest $ 1, $ $ % $ $ $ Sales Tax $ 45, $ 43, $ 1, % $ - $ - $ 1, Vehicle Taxes $ 4, $ 3, $ % $ - $ $ Zoning Fees $ 3, $ 1, $ 1, % $ $ $ Other $ - $ - $ - $ - Totals $ 304, $ 294, $ 9, % $ $ 2, $ 6, $ - $ - Property Tax - prior Property Tax Dupl. Property Tax Franchise Taxes: cable Franchise Taxes: utility Fund Balance Approp. Gross Receipts Tax Interest Sales Tax Vehicle Taxes Zoning Fees Other December January February March April May June June a/r Totals $ - $ - $ - $ - $ - $ - $ - $ - $ - Prepared by Rick Becker 10/10/2013 Page 1

9 Mineral Springs Budget Comparison TOWN OF MINERAL SPRINGS BUDGET COMPARISON Appropriation dept Budget Unspent Spent YTD % of BudgeJuly August September October November Advertising $ 1, $ 1, $ % $ - $ - $ Attorney $ 9, $ 7, $ 1, % $ $ 1, $ Audit $ 4, $ 4, $ - 0.0% $ - $ - $ - Community Projects $ 19, $ 19, $ % $ $ - $ - Contingency $ 3, $ 3, $ - 0.0% $ - $ - $ - Dues $ 4, $ 3, $ 1, % $ 1, $ $ - Elections $ 4, $ 4, $ - 0.0% $ - $ - $ - Employee Overhead $ 24, $ 18, $ 6, % $ 2, $ 2, $ 1, Fire Department $ 12, $ 12, $ - 0.0% $ - $ - $ - Insurance $ 4, $ $ 3, % $ 3, $ - $ - Newsletter $ 2, $ 2, $ - 0.0% $ - $ - $ - Office $ 113, $ 85, $ 28, % $ 9, $ 8, $ 9, Planning & Zoning $ 37, $ 30, $ 7, % $ 2, $ 2, $ 2, Street Lighting $ 2, $ 1, $ % $ - $ $ Tax Collection $ 3, $ 3, $ % $ $ $ Training $ 3, $ 2, $ % $ - $ $ - Travel $ 3, $ 1, $ 1, % $ 1, $ - $ Capital Outlay $ 50, $ 50, $ - 0.0% $ - $ - $ - Totals $ 304, $ 252, $ 51, % $ 21, $ 14, $ 15, $ - $ - Off Budget: Tax Refunds Interfund Transfers Total Off Budget: $ - $ - $ - $ - $ - $ - Prepared by Rick Becker 10/10/2013 Page 1

10 September 2013 Cash Flow Report 9/1/2013 Through 9/30/ /10/2013 Page 1 9/1/2013- Category Description 9/30/2013 INCOME Interest Income Other Inc Zoning TOTAL Other Inc Prop Tax 2013 Receipts 2013 Int 0.00 Tax 3, TOTAL Receipts , TOTAL Prop Tax , Prop Tax Prior Years Prop Tax 2004 Receipts 2004 Int 2.24 Tax 3.32 TOTAL Receipts TOTAL Prop Tax Prop Tax 2005 Receipts 2005 Int Tax TOTAL Receipts TOTAL Prop Tax Prop Tax 2006 Receipts 2006 Int Tax TOTAL Receipts TOTAL Prop Tax Prop Tax 2007 Receipts 2007 Int Tax TOTAL Receipts TOTAL Prop Tax Prop Tax 2008 Receipts 2008 Int Tax TOTAL Receipts TOTAL Prop Tax Prop Tax 2009 Receipts 2009 Int Tax TOTAL Receipts TOTAL Prop Tax Prop Tax 2010 Receipts 2010

11 September 2013 Cash Flow Report 9/1/2013 Through 9/30/ /10/2013 Page 2 9/1/2013- Category Description 9/30/2013 Int Tax TOTAL Receipts TOTAL Prop Tax Prop Tax 2011 Receipts 2011 Int Tax TOTAL Receipts TOTAL Prop Tax Prop Tax 2012 Receipts 2012 Int 0.58 Tax TOTAL Receipts TOTAL Prop Tax TOTAL Prop Tax Prior Years Sales Tax Sales & Use Dist 1, TOTAL Sales Tax 1, Veh Tax Coll TOTAL Coll Int Int Int Int Int Int Tax Tax Tax Tax Tax Tax TOTAL Veh Tax TOTAL INCOME 6, EXPENSES Uncategorized 0.00 Ads Attorney Emp Benefits Dental 73.00

12 September 2013 Cash Flow Report 9/1/2013 Through 9/30/ /10/2013 Page 3 9/1/2013- Category Description 9/30/2013 Life NCLGERS Vision TOTAL Benefits FICA Med Soc Sec TOTAL FICA Payroll TOTAL Emp 1, Office Bank Clerk 2, Council Deputy Clerk Finance Officer 2, Maint Materials Service 2, TOTAL Maint 2, Mayor Misc Supplies Tel Util TOTAL Office 9, Planning Administration Salaries 2, TOTAL Administration 2, TOTAL Planning 2, Street Lighting Tax Coll Bill Services TOTAL Bill Contract Sal TOTAL Tax Coll Travel TOTAL EXPENSES 15, TRANSFERS FROM Check Min Spgs 30, TO MM Sav ParkSterling -30, TOTAL TRANSFERS 0.00 OVERALL TOTAL -8,748.87

13 Register Report 9/1/2013 Through 9/30/ /10/2013 Page 1 Date Num Description Memo Category Amount BALANCE 8/31/ , /4/ UNC School Of G... I/N IN40426 Tax C... Office:Misc /4/ Xerox Corporation I/N (FY... Office:Supplies /4/ Frederick Becker III 7/13-8/13 reimbur... Travel /4/2013 EFT Debit Card (Bojan... Meal: Zoning Offici... Travel /5/2013 EFT Debit Card (Arby's) Meal: Zoning Offici... Travel /5/2013 EFT American Commu...Service Charge Re... Office:Bank /6/2013 EFT Debit Card (Holid... Hotel: Zoning Admi... Travel /10/ Municipal Insuran... Emp:Benefits:Life Emp:Benefits:Dental Emp:Benefits:Vision /10/ Taylor & Sons Mo... I/N /13 (FY2... Office:Maint:Service /10/ Jan-Pro Cleaning...I/N Janitorial...Office:Maint:Service /10/ Vicky A Brooks Mileage: 9/4-9/6 Zo...Travel /10/ The Enquirer-Jour (FY2013) Ads /10/ Clark, Griffin & M... I/N /13 (FY2... Attorney /10/ Union County Pu *00 (FY2013) Office:Util /10/ LexisNexis I/N Tax Coll:Bill:Services /13/2013 EFT Debit Card (Waxh... Pressure Washer r... Office:Maint:Materials /13/2013 EFT Debit Card (Kang... Gas - Pressure Wa...Office:Maint:Materials /16/2013 EFT...NC Department of...elec Franchise [State Revenues Receivable] 46, Telecom Sales Tax [State Revenues Receivable] 1, Video Sales Tax [State Revenues Receivable] 5, Nat Gas Excise TAx [State Revenues Receivable] /16/2013 EFT NC Department of...7/31/13 Sales & Us...Sales Tax:Sales & Use Dist 1, /16/2013 EFT NC Department of Hold Harmles...Sales Tax:Sales & Use Dist /16/2013 EFT Union County NCVTS (FY2013) Veh Tax:Tax /16/2013 EFT...Union County Prop Tax 2013:Receipts 2013:Tax 3, Prop Tax 2013:Receipts 2013:Int 0.00 Prop Tax Prior Years:Prop Tax Prop Tax Prior Years:Prop Tax Tax Coll:Contract Veh Tax:Tax Veh Tax:Int Veh Tax:Coll: Veh Tax:Tax Veh Tax:Int Veh Tax:Coll: Veh Tax:Tax Veh Tax:Int Veh Tax:Coll: Veh Tax:Tax Veh Tax:Int Veh Tax:Coll: Veh Tax:Tax Veh Tax:Int Veh Tax:Coll: Veh Tax:Tax Veh Tax:Int Veh Tax:Coll: /19/ **VOID**Janet Ri... Wrong Amount (FY

14 Register Report 9/1/2013 Through 9/30/ /10/2013 Page 2 Date Num Description Memo Category Amount 9/19/ Duke Power (Old... Office:Util /19/ Duke Power (FY2...Office:Util /19/ Duke Power (FY20... Street Lighting /19/ Windstream (FY2013)Office:Tel /19/ Windstream (FY2013)Office:Tel /19/ Janet Ridings Mileage & Meal - D... Travel /23/ Plyler Asphalt Se... Driveway/Parking L...Office:Maint:Service -1, /25/2013 EFT Debit Card (WalM... Ink Cartridge (FY2... Office:Supplies /26/2013 EFT Point And Pay Permit...Other Inc:Zoning /27/2013 EFT...Advantage Payroll Salary 8/13 Office:Clerk -2, Supplement 9/13 Office:Clerk 0.00 Hours 9/13 Office:Deputy Clerk Salary 9/13 Office:Finance Officer -2, Salary 9/13 Office:Mayor Salary 9/13 Office:Council Salary 9/13 Planning:Administration:Salaries -2, Salary 9/13 Tax Coll:Sal Emp:FICA:Soc Sec Emp:FICA:Med /27/2013 EFT...NC State Treasurer 9/13 LGERS contri... Office:Clerk /13 LGERS contri... Office:Finance Officer /13 LGERS contri... Planning:Administration:Salaries /13 employer cont... Emp:Benefits:NCLGERS /27/2013 DE... Deposit Prop Tax Prior Years:Prop Tax Prop Tax Prior Years:Prop Tax Prop Tax Prior Years:Prop Tax Prop Tax Prior Years:Prop Tax Prop Tax Prior Years:Prop Tax Prop Tax Prior Years:Prop Tax Prop Tax Prior Years:Prop Tax Prop Tax Prior Years:Prop Tax Prop Tax Prior Years:Prop Tax Prop Tax Prior Years:Prop Tax Prop Tax Prior Years:Prop Tax Prop Tax Prior Years:Prop Tax Prop Tax Prior Years:Prop Tax Prop Tax Prior Years:Prop Tax Prop Tax Prior Years:Prop Tax Prop Tax Prior Years:Prop Tax /27/2013 DEP Deposit #480a (FY2013) Other Inc:Zoning /27/2013 TXFR Transfer Money transfer (FY2013) [MM Sav ParkSterling] -30, /30/2013 EFT Advantage Payrol... 9/13 (FY2013) Emp:Payroll /30/2013 EFT American Commu...Service Charge 9/1...Office:Bank TOTAL 9/1/2013-9/30/ , BALANCE 9/30/ , TOTAL INFLOWS 59, TOTAL OUTFLOWS -45, NET TOTAL 14,332.46

15 September 2013 Revenue Details Inter-bank Transfers

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17 Hold Harmless Distribution Computed * Computed Share Is the Computed Share less ** Reimbursements of Replacement Revenue than the Reimbursements? Hold Harmless County Municipalities Projection If yes, by how much? Distribution Union $ 2,642, $ 6,541, no $ - Union Fairview $ - $ 3, no $ - Union Hemby Bridge $ 1, $ 3.31 yes $ 1, $ Union Indian Trail $ 45, $ 203, no $ - Union Lake Park $ 10, $ 24, no $ - Union Marshville $ 33, $ 29, yes $ 4, $ 2, Union Marvin $ 2, $ 21, no $ - Union Mineral Springs $ 3, $ 2, yes $ $ Union Monroe $ 763, $ 791, no $ - Union Stallings $ 33, $ 143, no $ - Union Unionville $ 8, $ 4, yes $ 4, $ 2, Union Waxhaw $ 22, $ 181, no $ - Union Weddington $ 13, $ 24, no $ - Union Wesley Chapel $ 5, $ 6, no $ - Union Wingate $ 11, $ 21, no $ - Page 1 of 1

18 NC Sales and Use Tax Distribution July 2013 Collections Summary September 11, 2013 ARTICLE 39 ARTICLE 40 ARTICLE 42 ARTICLE 43 ARTICLE 44 ARTICLE 45 ARTICLE 46 CITY HH TOTAL UNION (Ad Valorem) $ 1,253, $ 925, $ 673, $ - $ (218.87) $ - $ - $ (219,800.53) $ 2,631, FAIRVIEW $ $ $ $ - $ (0.12) $ - $ - $ $ 2, HEMBY BRIDGE $ - $ - $ - $ - $ - $ - $ - $ - $ - INDIAN TRAIL $ 49, $ 36, $ 26, $ - $ (8.65) $ - $ - $ 37, $ 149, LAKE PARK $ 4, $ 3, $ 2, $ - $ (0.83) $ - $ - $ 3, $ 14, MARSHVILLE $ 5, $ 4, $ 3, $ - $ (1.00) $ - $ - $ 4, $ 17, MARVIN $ 4, $ 3, $ 2, $ - $ (0.73) $ - $ - $ 3, $ 12, MINERAL SPRINGS $ $ $ $ - $ (0.10) $ - $ - $ $ 1, MINT HILL * $ $ $ $ - $ - $ - $ - $ $ MONROE $ 151, $ 111, $ 81, $ - $ (26.43) $ - $ - $ 113, $ 457, STALLINGS * $ 27, $ 19, $ 14, $ - $ (4.72) $ - $ - $ 20, $ 81, UNIONVILLE $ $ $ $ - $ (0.14) $ - $ - $ $ 2, WAXHAW $ 36, $ 26, $ 19, $ - $ (6.33) $ - $ - $ 27, $ 109, WEDDINGTON * $ 8, $ 6, $ 4, $ - $ (1.42) $ - $ - $ 6, $ 24, WESLEY CHAPEL $ 1, $ $ $ - $ (0.21) $ - $ - $ $ 3, WINGATE $ 4, $ 2, $ 2, $ - $ (0.70) $ - $ - $ 2, $ 12,127.82

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22 North Carolina Vehicle Tax System NCVTS County Report Date 8/7/2013 8:17:23 AM Vendor # UNIT GL Acct No. Year For Tax District Vehicle Taxes Vehicle Fees Taxes and Fees Union County $7, $0.00 $7, Union County $12.80 $0.00 $ Springs VFD $9.40 $0.00 $ Stallings VFD $33.37 $0.00 $ Hemby Bridge VFD $46.10 $0.00 $ Wesley Chapel VFD $62.73 $0.00 $ Waxhaw VFD $38.86 $0.00 $ Marvin $39.91 $0.00 $ Monroe $ $75.00 $ Monroe $10.77 $5.00 $ Wingate $23.01 $0.00 $ Waxhaw $ $0.00 $ Indian Trail $ $0.00 $ Stallings $ $0.00 $ Weddington $91.21 $0.00 $ Lake Park $47.75 $0.00 $ Fairview $0.38 $0.00 $ Wesley Chapel $16.84 $0.00 $ Unionville $1.44 $0.00 $ Mineral Springs $1.73 $0.00 $1.73 $9, $80.00 $9, Report Parameters Page 1 of 1 July 2013

23 County of Union, Monroe, NC Check Number: Invoice Date Invoice Number Description Invoice Amount 08/31/ /08 TAX RECEIPTS - NCVTS $1.73 Vendor No. Vendor Name Check No. Check Date Check Amount TOWN OF MINERAL SPRINGS /16/ County of Union 500 North Main Street Monroe, North Carolina Vendor Number Check Date Check Number /16/ "This disbursement has been approved as required by the Local Government Budget and Fiscal Control Act." $1.73 Pay To The Order Of One Dollars and 73 cents ****** TOWN OF MINERAL SPRINGS E. ANDREWS-HINSON, TAX COLLECT PO BOX 600 MINERAL SPRINGS NC EFT COPY NON-NEGOTIABLE AP County of Union 500 North Main Street Monroe, North Carolina ADDRESS SERVICE REQUESTED TOWN OF MINERAL SPRINGS E. ANDREWS-HINSON, TAX COLLECT PO BOX 600 MINERAL SPRINGS NC 28108

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25 September 2013 FY Year-end Data Notes & Highlights Following is a summary of the final FY income and expenditures. Actual (corrected) amounts of all Accounts Receivable and Accounts Payable for FY are reflected in this report, so it should be considered accurate. These figuresw have been submitted to Robert M. Burns, CPA, as part of the audit documentation. The sales tax distribution for 6/13 was received on 8/15/13, and the corrected figure appears in the final Excel monthly revenue summary spreadsheet. I have also included the fourth quarter franchise tax distribution in the Excel spreadsheet; this distribution was received on 9/16/13, and also appears in the September 2013 register report. Actual FY income from all sources was $330, Budgeted revenues were $301,050, so income exceeded budget by $28, Over half of that amount, or $14,981, was attributable to greater-than-budgeted electric franchise tax distributions. Total expenditures were $236,225.69, of which $21, was for capital expenditures. Non-capital operating expenditures totaled $214,899.14, or $48, below the budgeted amount of $263, The largest share of that amount, $29,940.72, represented below-budget spending in Office and Planning. With actual General Fund expenditures of $236, against actual revenues of $330,034.31, and transfers to the Greenway Parking Capital Project Fund of $3,553.69, we realized an increase in our General Fund balance of $90, at the end of FY

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27 Cash Flow Report FY2012 YTD Inc Rcv/Pbl 7/1/2012 Through 6/30/2013 9/11/2013 Page 1 7/1/2012- Category Description 6/30/2013 INCOME Bank Post Errors Bank Post Error Correction 0.60 Bank Post Error Occurrence TOTAL Bank Post Errors 0.00 Dup Prop Tax Receipts Refunds TOTAL Dup Prop Tax 0.00 Franchise Cable 3, Util 194, TOTAL Franchise 198, Interest Income 1, Other Inc Zoning 3, TOTAL Other Inc 3, Prop Tax 2012 Receipts 2012 Int Tax 64, TOTAL Receipts , TOTAL Prop Tax , Prop Tax Prior Years Prop Tax 1999 Receipts 1999 Int Tax TOTAL Receipts TOTAL Prop Tax Prop Tax 2000 Receipts 2000 Int Tax TOTAL Receipts TOTAL Prop Tax Prop Tax 2001 Receipts 2001 Int Tax TOTAL Receipts TOTAL Prop Tax Prop Tax 2002 Receipts 2002 Int Tax TOTAL Receipts TOTAL Prop Tax Prop Tax 2003 Annexation 2003

28 Cash Flow Report FY2012 YTD Inc Rcv/Pbl 7/1/2012 Through 6/30/2013 9/11/2013 Page 2 7/1/2012- Category Description 6/30/2013 Receipts 2003 Int 7.93 Tax TOTAL Receipts TOTAL Annexation Receipts 2003 Int Tax TOTAL Receipts TOTAL Prop Tax Prop Tax 2004 Receipts 2004 Int Tax TOTAL Receipts TOTAL Prop Tax Prop Tax 2005 Receipts 2005 Int Tax TOTAL Receipts TOTAL Prop Tax Prop Tax 2006 Receipts 2006 Int Tax TOTAL Receipts TOTAL Prop Tax Prop Tax 2007 Receipts 2007 Int Tax TOTAL Receipts Refunds 2007 Int Tax TOTAL Refunds TOTAL Prop Tax Prop Tax 2008 Receipts 2008 Int Tax TOTAL Receipts Refunds 2008 Int Tax TOTAL Refunds TOTAL Prop Tax Prop Tax 2009 Receipts 2009 Int

29 Cash Flow Report FY2012 YTD Inc Rcv/Pbl 7/1/2012 Through 6/30/2013 9/11/2013 Page 3 7/1/2012- Category Description 6/30/2013 Tax TOTAL Receipts , Refunds 2009 Int Tax TOTAL Refunds TOTAL Prop Tax , Prop Tax 2010 Receipts 2010 Int Tax TOTAL Receipts , Refunds 2010 Int Tax TOTAL Refunds TOTAL Prop Tax , Prop Tax 2011 Receipts 2011 Int Tax TOTAL Receipts , TOTAL Prop Tax , TOTAL Prop Tax Prior Years 7, Sales Tax Cable TV 20, Natural Gas Excise Refunds 4, Sales & Use Dist 17, telecommunications 6, TOTAL Sales Tax 50, Veh Tax Coll TOTAL Coll Int Int Int Int Int Int

30 Cash Flow Report FY2012 YTD Inc Rcv/Pbl 7/1/2012 Through 6/30/2013 9/11/2013 Page 4 7/1/2012- Category Description 6/30/2013 Int Int Int Int Tax Tax Tax Tax Tax Tax Tax Tax Tax Tax , Tax TOTAL Veh Tax 4, TOTAL INCOME 330, EXPENSES Uncategorized 0.00 Ads Attorney 4, Audit 4, Capital Outlay Beautification 10, Equipment 6, Furniture 2, Office 1, TOTAL Capital Outlay 21, Community Donation 8, Greenway 2, Maint 5, Special Events TOTAL Community 16, Dues 4, Elections Emp Benefits Dental Fees 1.52 Life NCLGERS 9, TOTAL Benefits 10, Bond FICA Med 1, Soc Sec 6, TOTAL FICA 7, Payroll 1, Work Comp

31 Cash Flow Report FY2012 YTD Inc Rcv/Pbl 7/1/2012 Through 6/30/2013 9/11/2013 Page 5 7/1/2012- Category Description 6/30/2013 TOTAL Emp 20, Fire Protection 20, Ins 3, Newsletter Post Printing TOTAL Newsletter Office Bank Clerk 28, Council 7, Deputy Clerk 7, Equip Finance Officer 28, Maint Materials 1, Service 6, TOTAL Maint 7, Mayor 4, Misc Post Supplies 4, Tel 6, Util 4, TOTAL Office 101, Planning Administration Contract Salaries 25, TOTAL Administration 25, Misc Ordinance Changes 1, TOTAL Planning 27, Street Lighting 1, Tax Coll Bill Services TOTAL Bill Contract Sal 1, TOTAL Tax Coll 2, Training Officials Staff TOTAL Training 1, Travel 2, TOTAL EXPENSES 236, TRANSFERS FROM Check Min Spgs 111, FROM MM Sav ParkSterling 25,000.00

32 Cash Flow Report FY2012 YTD Inc Rcv/Pbl 7/1/2012 Through 6/30/2013 9/11/2013 Page 6 7/1/2012- Category Description 6/30/2013 FROM Escrows 66, TO Check Min Spgs -25, TO Copper Run Escrow -66, TO MM Sav ParkSterling -110, TO NCCMT_Cash -1, TO Greenway Parking Capital Project Fund -3, TOTAL TRANSFERS -3, OVERALL TOTAL 90,254.93

33 Mineral Springs Monthly Revenue Summary TOWN OF MINERAL SPRINGS REVENUE SUMMARY FINAL Source Budget Receivable Rec'd YTD % of Budget July August September October November Property Tax - prior $ 2, $ (5,245.62) $ 7, % $ 1, $ $ $ $ Property Tax $ 61, $ (3,031.53) $ 64, % $ - $ $ 3, $ 2, $ 8, Dupl. Property Tax $ - $ - $ - $ - $ - $ - $ - $ - Franchise Taxes: cable $ 2, $ (698.00) $ 3, % $ - $ $ - $ - $ Franchise Taxes: utility $ 180, $ (14,981.00) $ 194, % $ - $ - $ - $ - $ - Fund Balance Approp. $ - $ - $ - $ - $ - $ - $ - $ - Gross Receipts Tax $ - $ - $ - $ - $ - $ - $ - $ - Interest $ 1, $ $ 1, % $ $ $ $ $ Sales Tax $ 45, $ (4,819.45) $ 50, % $ - $ $ 1, $ 1, $ 1, Vehicle Taxes $ 4, $ (490.95) $ 4, % $ - $ $ $ $ Zoning Fees $ 3, $ (375.00) $ 3, % $ $ $ $ $ Other $ $ $ - 0.0% $ - $ - $ - Totals $ 301, $ (28,984.31) $ 330, % $ 1, $ 2, $ 6, $ 6, $ 12, December January February March April May June June a/r Property Tax - prior $ $ $ 1, $ $ $ $ $ - Property Tax $ 20, $ 18, $ 7, $ 1, $ $ $ $ Dupl. Property Tax $ - $ - $ - $ - $ - $ - $ - $ - Franchise Taxes: cable $ - $ - $ $ - $ - $ $ - $ - Franchise Taxes: utility $ 60, $ - $ - $ 44, $ - $ - $ 43, $ 46, Fund Balance Approp. $ - $ - $ - $ - $ - $ - $ - $ - Gross Receipts Tax $ - $ - $ - $ - $ - $ - $ - $ - Interest $ $ $ $ $ $ $ $ - Sales Tax $ 8, $ 1, $ 6, $ 8, $ 1, $ 1, $ 8, $ 9, Vehicle Taxes $ $ $ $ $ $ $ $ Zoning Fees $ $ $ $ $ $ $ $ - Other $ - $ - $ (0.60) $ - $ 0.60 $ - $ - $ - Totals $ 90, $ 21, $ 17, $ 55, $ 3, $ 4, $ 52, $ 56, $ - Prepared by Rick Becker 9/11/2013 Page 1

34 Mineral Springs Budget Comparison TOWN OF MINERAL SPRINGS BUDGET COMPARISON (INCLUDES BUDGET AMENDMENTS & ) Appropriation dept Budget Unspent Spent YTD % of BudgeJuly August September October November Advertising $ 1, $ 1, $ % $ - $ - $ - $ $ - Attorney $ 9, $ 5, $ 4, % $ $ $ $ $ Audit $ 4, $ - $ 4, % $ - $ - $ - $ - $ - Community Projects $ 18, $ 1, $ 16, % $ $ $ $ $ Contingency $ 2, $ 2, $ - 0.0% $ - $ - $ - $ - $ - Dues $ 4, $ $ 4, % $ 1, $ 2, $ - $ - $ - Elections $ $ $ % $ - $ $ - $ - $ - Employee Overhead $ 22, $ 2, $ 20, % $ 1, $ 2, $ $ 1, $ 1, Fire Department $ 21, $ $ 20, % $ - $ - $ - $ - $ - Insurance $ 4, $ $ 3, % $ 3, $ - $ - $ - $ - Newsletter $ 2, $ 1, $ % $ - $ - $ - $ $ - Office $ 118, $ 16, $ 101, % $ 9, $ 9, $ 7, $ 8, $ 7, Planning & Zoning $ 41, $ 13, $ 27, % $ 2, $ 2, $ 1, $ 2, $ 2, Street Lighting $ 2, $ $ 1, % $ - $ $ $ $ Tax Collection $ 2, $ $ 2, % $ $ $ $ $ Training $ 3, $ 1, $ 1, % $ $ - $ $ $ - Travel $ 3, $ $ 2, % $ $ - $ $ $ Capital Outlay $ 37, $ 16, $ 21, % $ - $ - $ - $ 10, $ Totals $ 301, $ 64, $ 236, % $ 19, $ 18, $ 12, $ 24, $ 13, Off Budget: Tax Refunds $ - $ - $ - $ - $ - $ - Interfund Transfers $ 3, $ $ - $ - $ $ Total Off Budget: $ 3, $ $ - $ - $ $ Prepared by Rick Becker 8/22/2013 Page 1

35 Mineral Springs Budget Comparison Appropriation dept December January February March April May June June a/p Advertising $ - $ - $ $ - $ - $ - $ - $ Attorney $ $ $ $ $ $ $ $ - Audit $ 4, $ - $ - $ - $ - $ - $ - $ - Community Projects $ $ 1, $ $ 1, $ $ $ 8, $ Contingency $ - $ - $ - $ - $ - $ - $ - $ - Dues $ - $ $ $ - $ - $ - $ - $ - Elections $ - $ - $ - $ - $ - $ - $ - $ - Employee Overhead $ 1, $ 1, $ 1, $ 1, $ 2, $ 1, $ 1, $ - Fire Department $ - $ - $ 8, $ - $ - $ - $ 12, $ - Insurance $ - $ - $ - $ - $ - $ - $ - $ - Newsletter $ - $ - $ - $ - $ - $ - $ - $ - Office $ 7, $ 9, $ 8, $ 9, $ 8, $ 8, $ 7, $ Planning & Zoning $ 2, $ 2, $ 2, $ 2, $ 3, $ 2, $ 2, $ - Street Lighting $ $ $ $ $ $ $ $ Tax Collection $ $ $ $ $ $ $ $ Training $ - $ 3.50 $ - $ - $ $ - $ $ - Travel $ - $ $ $ $ $ $ $ - Capital Outlay $ 1, $ 1, $ - $ - $ - $ 6, $ - $ 18, $ 18, $ 23, $ 15, $ 15, $ 13, $ 40, $ 1, Off Budget: Tax Refunds $ - $ - $ - $ - $ - $ - $ - $ - Interfund Transfers $ 1, $ $ - $ - $ - $ $ $ - $ 1, $ $ - $ - $ - $ $ $ - Prepared by Rick Becker 8/22/2013 Page 2

36 FY Accrual Gas, Power, Telecommunications, and Video Programming Distribution Distribution Date For Quarter Ending June 30, 2013 Deposit Date September 16, 2013 September 16, 2013 Sales Tax on Sales Tax Excise Tax On Franchise Tax on Telecommunication On Video Total Local Government Piped Natural Gas Electric Power Services Programming Distribution County of Union $ - $ - $ - $ 132, $ 132, Town of Fairview $ $ 22, $ 10, $ 2, $ 35, Town of Hemby Bridge $ $ 9, $ 4, $ 3, $ 18, Town of Indian Trail $ 57, $ 187, $ 25, $ 76, $ 347, Town of Lake Park $ 1, $ 13, $ $ 5, $ 21, Town of Marshville $ 3.00 $ 28, $ 11, $ 3, $ 42, Town of Marvin $ 1, $ 30, $ 17, $ 16, $ 66, Town of Mineral Springs $ $ 46, $ 1, $ 5, $ 53, City of Monroe $ 2, $ 415, $ 120, $ 58, $ 596, Town of Stallings $ 9, $ 94, $ 2, $ 43, $ 150, Town of Unionville $ - $ 34, $ 18, $ 7, $ 59, Town of Waxhaw $ 8, $ 61, $ 23, $ 40, $ 133, Town of Weddington $ 3, $ 61, $ 2, $ 24, $ 92, Village of Wesley Chapel $ 3, $ 40, $ 2, $ 24, $ 71, Town of Wingate $ - $ 17, $ 9, $ 5, $ 32, Page 1 of 1