THIRD QUARTER FINANCIAL REPORT September 30, 2018

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1 THIRD QUARTER FINANCIAL REPORT September 30, Cider Squeeze Introduction The 3rd Quarter 2018 Financial Report is presented here. As has been the custom in the past, the report has been prepared on an accrual basis. There is a one-month lag between when monies are collected by other entities (State of Washington and Pierce County) and when they are received by the City. As a result, the City must accrue those revenues back to the period they were deemed receivable. These accruals include taxes and other state shared revenues. Overall, third quarter general government revenues exceed budget estimates by 7.73%. Third quarter expenditures (excluding reserves and transfers) are below budget estimates by 15.16%.

2 ON-GOING OPERATING REVENUES Overall the City s on-going operating revenues are 7.45% above 2018 budget estimates. The table bellows lists all on-going revenues with a 2018 Budget to Actual variances. Details of major variances are discussed following the table Budget to Actual Actual Actual Actual Budget 3rd Qtr Budget Actual $ Variance % Variance Property Tax 2,242,294 2,294,242 2,322,651 4,327,743 2,380,259 2,354,787 (25,472) -1.07% Sales Tax 2,672,028 2,155,021 1,955,310 2,600,000 1,950,000 2,165, , % Sales Tax - 1% for Parks 184, , , , , ,770 15, % Criminal Justice Sales Tax - State Shared 369, , , , , ,709 72, % Criminal Justice Funding - State Shared 73,140 75,012 77, ,221 78,166 80,615 2, % Leasehold Excise Tax - State Shared 1,443 1, , % Liquor Profits - State Shared 206, , , , , ,663 (90) -0.04% Liquor Excise Tax - State Shared 69, , , , , ,245 (13,085) % Fuel Taxes - State Shared 493, , , , , ,512 6, % City Assistance - State Shared 89,449 85,721 85, ,500 75,375 96,179 20, % Utility Tax 1,684,801 1,646,818 1,669,725 2,185,000 1,602,750 1,576,424 (26,326) -1.64% Gambling Tax 21,175 29,699 29,969 45,000 33,750 56,967 23, % Franchise Fees 1,882,680 1,910,363 2,191,181 3,049,458 2,287,094 2,322,310 35, % Real Estate Excise Tax 887, ,285 1,084,085 1,109, ,077 1,367, , % Admission Tax (excludes US Open) 158, , , , , ,179 27, % Business License Fees 67,361 69,014 72,192 95,000 71,250 69,657 (1,593) -2.24% Solicitor Permit Fees (125) % Law Enforcement/DUI Restitution 7,965 2, n/a SRO/UPSD Reimbursement 38,208 44,271 45,972 62,623 46,967 41,752 (5,215) % Alarm Permit Fees 4,382 6,532 6,199 6,000 4,500 7,866 3, % False Alarm Fees 1,615 1,454 3,076 1, ,302 1, % Development Services 424, , , , , ,109 39, % Impact Fees - Parks 30, , , , , ,624 (71,876) % Impact Fees - Traffic 37, , , ,000 90, ,136 26, % SWM Fees 1,575,218 1,585,171 1,572,593 2,851,578 1,568,368 1,576,706 8, % SWM - Drainage Inventory Fees 4, ,000 1,500 4,850 3, % Court Fees 21,584 49,122 51,888 70,000 52,500 58,718 6, % Sale of Maps/Publications n/a Public Record/Tapes/Transcripts % Fines/Forfeitures n/a Investment Interest 28,618 60, , , , , , % Tax Interest 1,952 2,882 4,228 2,700 2,025 8,309 6, % Judgements & Settlements , ,882 23, % Field Rentals 28,550 24,228 13,894 12,000 9,000 10,020 1, % Animal Control 44,116 41,933 39,912 52,722 39,542 38,384 (1,158) -2.93% Transportation Benefit District Fees 309, , , , , ,797 26, % Miscellaneous 23,941 11,569 17,218 14,000 7,000 6,243 (757) % Total 13,688,636 13,837,978 14,903,642 20,765,083 14,070,865 15,159,120 1,088, % General sales tax is up 11.04% when comparing budget to actual for Sales tax is budgeted conservatively as it is a volatile revenue source. Because sales tax revenues fluctuate from month to month we have provided more detailed information on page 7 to give you a better picture of how the 2018 revenues compare to typical revenue receipts by month. The 1% Sales Tax for Parks exceeds budget estimates by 7.04%. These funds are dedicated to Parks and are used to pay debt service on the Cirque Park bonds and fund Parks Maintenance services. Criminal Justice Sales Taxes are up 18.64% over our budget estimates. These revenues are restricted for Police/Public Safety. Gambling tax is up 68.79% due to a significant increase in pull-tab receipts from one taxpayer. Real Estate Excise tax are 64.29% above our budget estimates. All sales of real estate are taxed at 1.78%, of which 1.28% goes towards state funding of K-12 education and public works assistance and the City receives 0.5% for capital purposes. City of University Place 2 Third Quarter 2018

3 Admission Tax is up 23.84%, but we expect this to come in under budget by year end. Much of our Admission tax is generated from the Golf Course which announced a 6 month closure for maintenance beginning in October. Development Services fee revenue are 6.11% above our estimates. Parks Impact Fees are below budget by 38.33%. The budget estimate includes payment for a project that is expected by year end. Parks Impact Fees are not programed or expensed prior to the receipt of the monies. Transportation Benefit District fees are 7.45% above our budget estimates. All TBD fees are transferred to the Street Fund for street maintenance costs. City of University Place 3 Third Quarter 2018

4 OPERATING EXPENDITURES Expenditures are presented by Department and exclude transfers. City Manager s Office includes the budgets for City Manager, Community Events and Beautification Finance an Administrative Services includes the budgets for Finance, Reception, City Clerk and Communications Community and Economic Development includes the budgets for Director s Office, Economic Development, Development Services, Fire Code Official and Human Resources Public Works and Parks Maintenance include the budgets for Public Works Streets and Parks Maintenance Surface Water Management includes the budgets for Public Works SWM and Engineering SWM Police and Public Safety includes the budgets for Court, City Attorney, EOC, Police, Public Safety, Animal Control, Code Enforcement and Jail Overall, 2018 Third Quarter operating expenditures are 15.16% below budget (excluding Reserves and Contingency). GENERAL FUND OPERATING EXPENDITURES 3rd Quarter Comparison 2015 to Actual Actual Actual Total Budget 3rd Qtr Budget Actual $ Variance % Variance City Council $ 186,455 $ 125,118 $ 133,331 $ 196,721 $ 147,541 $ 138,836 $ (8,705) -5.90% City Manager's Office 358, , , ,043 $ 406, ,730 (6,803) -1.67% Finance and Administrative Services 971, ,420 1,043,438 2,220,226 $ 1,665,170 1,087,290 (577,880) % Community & Economic Development 1,096,751 1,244,613 1,448,298 2,434,060 $ 1,825,545 1,563,096 (262,449) % Public Works & Parks 1,634,258 1,502,440 1,243,084 2,026,304 $ 1,519,728 1,212,531 (307,197) % Surface Water Management 730, , ,397 1,603,207 $ 1,202,405 1,008,879 (193,527) % Police/Public Safety 3,169,772 2,875,413 3,438,528 5,203,029 $ 3,902,272 3,647,389 (254,882) -6.53% Engineering 233, , , ,609 $ 300, ,357 (51,100) % 8,381,457 7,955,406 8,820,468 14,626,199 10,969,649 9,307,107 $ (1,662,542) % Reserves/Transfer-Other 2,419,679 2,943,905 2,464,592 8,077,819 $ 6,058,364 4,668,302 Total $ 10,801,136 $ 10,899,311 $ 11,285,060 $ 22,704,018 $ 17,028,014 $ 13,975, Budget to Actual Variance City of University Place 4 Third Quarter 2018

5 POLICE/PUBLIC SAFETY FUND REVENUES AND EXPENSES Revenues: Public Safety revenues are up 2.18% compared to 2018 budget estimates. Local Criminal Justice Sales tax which is up 18.64% over budget estimates. Animal Control revenue are below budget estimates by 2.93% and are also down when compared to the 3rd Quarter of Expenditures: Total expenditures are down 6.53% when compared to 2018 budget estimates. Animal control is down 10.29%, but the September bill has not been received, so we have only paid through August. Jail expenditures are down 37.74%, but the September bill has not been received, so we have only paid through August. When compared to 3 rd quarter 2017 expenses are down 37.15%. In 2017 the number of jail days was significant and there was a higher cost for medical expenses due to one long-term inmate. POLICE AND PUBLIC SAFETY Budget to Actual Actual Actual Actual Budget 3rd Qtr Budget Actual $ Variance % Variance REVENUES Property Tax 2,242,294 2,294,242 2,322,651 4,327,743 2,380,259 2,354,787 (25,472) -1.07% Local Criminal Justice Sales Tax 369, , , , , ,709 72, % Gambling Tax Reported in Gen. Fund 29,969 45,000 33,750 56,967 23, % Alarm Permit Fees 4,382 6,532 6,199 6,000 4,500 7,866 3, % Criminal Justice Funding 73,140 75,012 77, ,221 78,166 80,615 2, % Liquor Profits Tax - Public Safety 41,776 41,470 41,299 54,689 41,017 40,999 (18) -0.04% Law Enforcement Svces/DUI Response 7,965 2, n/a UPSD/SRO Reimbursement 38,208 44,271 45,972 62,623 46,967 41,752 (5,215) % SWM Administrative Fee - City Attorney 44,571 39,800 47,513 67,788 50,841 40,750 (10,091) % False Alarms 1,615 1,454 3,076 1, ,302 1, % Court Fees 21,584 49,122 51,888 70,000 52,500 58,718 6, % Animal Control 44,116 41,933 39,912 52,722 39,542 38,384 (1,158) -2.93% Grants/Contributions 4,197 5,512 4,198 7,800 5,850 3,163 (2,687) % Judgements/Settlements - Code Enf ,000 2,250 4,500 2, % Miscellaneous 325 1, n/a Total Revenues 2,894,155 2,998,569 3,098,272 5,322,585 3,126,390 3,194,682 68, % Expenditures Municipal Court 127,939 87, , , , ,798 (1,327) -0.62% Emergency Preparedness 23,538 29,222 28,997 73,202 54,902 36,401 (18,501) % Legal Services 270, , , , , ,969 (61,157) % Police 2,430,902 2,268,779 2,609,031 3,916,059 2,937,044 2,819,000 (118,044) -4.02% Public Safety 70,224 68,011 79, ,284 91,713 91, % Animal Control 74,905 74,308 67, ,354 92,516 82,994 (9,522) % Code Enforcement 64,739 39,271 94, , ,096 98,939 (11,157) % Jail 107,400 66,809 92, ,000 93,750 58,364 (35,386) % Total Expenditures 3,169,772 2,875,413 3,438,528 5,203,029 3,902,272 3,647,389 (254,882) -6.53% City of University Place 5 Third Quarter 2018

6 DEVELOPMENT SERVICES FUND REVENUES AND EXPENSES Development Services fee revenue for the 3rd quarter, 2018 are above budget estimates by 6.11%. Other revenue sources include the General Fund transfers for non-fee supported services which, through the Third quarter 2018 was $428,974. Expenditures through are down 13.19% compared to the 3rd quarter budget estimates. REVENUES Development Services Budget to Actual Actual Actual Actual Budget 3rd Qtr Budget Actual $ Variance % Variance Fees Building Fees 189, , , , , ,413 18, % Planning Fees 29,455 56,916 42,562 63,708 47,781 47, % Fire Fees 40,128 47,070 85,021 67,247 50,435 63,067 12, % Engineering 165,402 43,273 43, ,075 87,806 95,640 7, % 424, , , , , ,109 39, % Other Sources Transfer in: General Fund 220, , , , , ,974 Transfer In: SWM Fund 11, ,863 12,000 9,000 1,439 Fines & Forfeitures , Miscellaneous Revenue 7,831 5, Total Revenues 665, ,132 1,204,077 1,436,005 $ 1,077,004 1,108,522 EXPENDITURES Development Services 766, , ,051 1,583,792 1,187,844 1,025,658 (162,186) % Fire Control 39,912 38,563 39,106 81,112 60,834 58,289 (2,545) -4.18% Total Expendiutures 806, ,872 1,003,157 1,664,904 1,248,678 1,083,947 (164,731) % City of University Place 6 Third Quarter 2018

7 INDIVIDUAL REVENUES The information presented below provides a detailed look at the major revenues for the City. Sales Tax Sales tax is a cyclical revenue source and is an area that we budget very conservatively. Revenues are higher in some months, so simply doing a budget to actual comparison does not give us a clear view of how the revenues are tracking. The chart on page 2 shows that Sales tax is up 11.04% when comparing budget to actual for Below are more detailed breakdowns by month of the figures shown on page 2. Local Sales Tax Revenue Monthly Comparison MONTH Actual Actual Actual Actual January $ 320,380 $ 331,629 $ 273,552 $ 300,144 February 234, , , ,717 March 247, , , ,760 April 297, , , ,489 May 261, , , ,941 June 274, , , ,356 July 524, , , ,997 August 269, , , ,042 September 241, , , ,831 Total $ 2,672,028 $ 2,155,020 $ 1,955,311 $ 2,165,277 Taxable Sales $ 318,098,571 $ 256,550,000 $ 232,775,119 $ 257,771, vs rd Qtr Actual Category Actual Actual Actual Actual $ Variance % Variance Retail Trade $ 688,482 $ 716,207 $ 777,934 $ 879, , % Services 34,615 34,622 40,062 44,072 4, % Construction 959, , , ,395 11, % Accommodation and Food Svce 247, , , ,266 15, % Information 132, , , ,724 5, % Arts, Entertain, Recreation 74,877 65,637 55,372 52,249 (3,123) -5.6% Admin, Supp, Med Svces 45,384 51,808 54, ,165 54, % Transp/Warehousing/Utilities 4,552 1,099 1,437 1, % Wholesaling 70,318 59,655 74,901 89,332 14, % Manufacturing 30,907 20,460 42,093 34,970 (7,123) -16.9% Other 260,933 93,773 90, ,506 10, % Finance/Insur/Real Estate 99, ,697 75,289 71,989 (3,300) -4.4% Government 22,896 36,358 39,340 44,979 5, % Total $ 2,672,028 $ 2,155,020 $ 1,955,311 $ 2,165,277 $ (199,709) 10.7% Sales tax by category is provided by TaxTools Local Sales Tax Revenue 3rd Quarter By Category City of University Place 7 Third Quarter 2018

8 Real Estate Excise Tax Real Estate Excise Tax, at $1,367,028 is 64.29% over our 2018 budget estimate through the 3 rd Quarter of the year. Real estate sales continue to flourish due to the improved real estate market. REET 3rd Quarter Monthly Comparison MONTH Actual Actual Actual Actual January $ 85,619 $ 102,530 $ 77,733 $ 106,750 February 41,421 63, ,418 86,037 March 29,244 47,566 47,960 64,248 April 58,413 87,684 85, ,788 May 95, , , ,432 June 156,177 81, , ,286 July 136, , , ,315 August 187, , , ,836 September 97, , , ,335 Total $ 887,578 $ 973,285 $ 1,084,085 $ 1,367,028 Taxable Sales $ 105,663,992 $ 115,867,287 $ 129,057,693 $ 162,741,386 City of University Place 8 Third Quarter 2018

9 State-Shared Revenues Total state-shared revenues are up 6.26% over 2018 budget estimates through the 3 rd Quarter. Fuel Tax is the largest revenue source of our State-Shared Revenues and is up 1.20% when compared to our budget estimates. This tax is tied to the number of gallons sold, not the price per gallon. As a result, gas price increases or decreases have no effect on revenue. The Fuel Tax is collected at the state level and is distributed to cities based on percent of population as compared with the State. State of Washington City Assistance is up 27.60% from budget estimates. Each year the state gives us an estimate of the amount that we should expect to receive, but there is no guarantee that we will receive it. Therefore, we include a reduced amount in our budget estimates. Leasehold Excise taxes are up 20.66%. Tax is collected on property owned by state of local governments and leased to private parties. Currently the City only has two tenants that are required to pay leasehold excise tax, so our tax revenues are very minimal. A third tenant has received a non-profit exemption. Criminal Justice Sale Tax is above estimates at 18.64% and other Criminal Justice Funding is up 3.13% when compared to Third quarter budget estimates. STATE SHARED REVENUES Budget to Actual CATEGORY Actual Actual Actual Total Budget 3rd Qtr Budget Actual $ Variance % Variance Liquor Profits Tax $ 206,506 $ 277,908 $ 204,146 $ 270,337 $ 202,753 $ 202,663 $ (90) -0.04% Liquor Excise Tax 69, , , , , ,245 (13,085) % Leashold Excise Tax 1,443 1, , % Fuel Tax 493, , , , , ,512 6, % City Assistance 89,449 85,721 85, ,500 75,375 96,179 20, % Local Crim Justice Sales Tax 369, , , , , ,709 72, % Criminal Justice Fundng 73,140 75,012 77, ,221 78,166 80,615 2, % Total $ 1,304,402 $ 1,493,045 $ 1,459,549 $ 1,910,767 $ 1,433,075 $ 1,522,828 $ 89, % % Change from prior year 6.5% 14.5% -2.2% 4.3% City of University Place 9 Third Quarter 2018

10 Utility Tax Overall, 3 rd Quarter utility tax revenues are 1.64% below 2018 budget estimates. Cell phone tax revenues are down 12.72% compared to budget estimates. Telephone taxis down 2.19% from 2018 budget estimates. Budget estimates for both Cellular and Telephone continue to be an area that we monitor closely. These budgets estimates are being reduced in the upcoming budget adjustment. Utility Tax Revenues 3rd Quarter Collections Budget to Actual Actual Actual Actual Budget 3rd Qtr Budget Actual $ Variance % Variance Gas 252, , , , , ,989 (14,011) -5.19% Garbage 260, , , , , ,189 27, % Cable 505, , , , , ,572 1, % Phone 145, , , , , ,375 (2,625) -2.19% Cellular 417, , , , , ,030 (41,970) % SWM 102, , , ,000 99, ,268 3, % Total Revenue 1,684,801 1,646,818 1,669,725 2,185,000 1,602,750 1,576,424 (26,326) -1.64% Franchise Fees Overall, Franchise Fee revenues are 1.54% over budget estimates. Cable is under budget by 3.64%, Refuse exceeds budget estimates by 6.19% and Sewer is up by 12.02%. Franchise Fees 3rd Quarter Collections Budget to Actual Actual Actual Actual Budget 3rd Qtr Budget Actual $ Variance % Variance Cable 388, , , , , ,644 (14,606) -3.64% Refuse 215, , , , , ,867 14, % Water 439, , , , , , % Electric 839, , ,530 1,182, , ,573 (23) 0.00% Sewer , , , ,310 35, % Total Revenue 1,882,680 1,910,363 2,191,181 3,049,458 2,287,094 2,322,310 35, % City of University Place 10 Third Quarter 2018

11 Transportation Benefit District (TBD) Fees 3rd Quarter 2018 revenues of $382,797 are 7.45% over our budget estimates and 3.08% above the same period in Transportation Benefit District fees are collected to fund maintenance, preservation, and safety enhancements to University Place's existing transportation network MONTH Actual Actual Actual Actual January $ 31,304 $ 31,066 $ 38,432 $ 40,592 February 30,433 32,848 32,432 36,264 March 35,442 38,392 47,381 45,530 April 36,828 35,583 40,016 42,471 May 34,551 34,333 45,302 45,984 June 42,116 39,521 48,609 40,234 July 33,738 29,502 33,482 45,783 August 34,056 40,432 49,282 48,479 September 31,145 33,058 36,412 37,462 Total $ 309,613 $ 314,735 $ 371,349 $ 382,797 City of University Place 11 Third Quarter 2018

12 CAPITAL IMPROVEMENT FUNDS - YTD EXPENSES AND STATUS The table below reflects the active projects for The Parks CIP Fund is funded in large part by Parks Impact Fees and will not see any significant increase in monies over the next several years without additional funding sources. Public Works CIP is largely funded by Grants and restricted funds: Arterial Street Fund, REET Fund, SWM Fund and Traffic Impact Fees. Muni CIP was funded with transfers from the General Fund for the design and construction of the City Hall tenant improvements and Police Offices at the Civic Building. CIP projects are multi-year, but costs are budgeted in one year with the remaining budget being carried forward to the next year. PROJECT Status 2018 Budget 2018 YTD Parks Capital Improvement Cirque Park Ongoing $ 1,016 $ - Sunset Terrace Park Not Started 350,000 - Colgate Park Improvements Not Started 8,000 - Paradise Pond Park In Progress 24,878 6,655 Riconizuto Park In Progress 10,000 4,508 Chambers/Leach Creek Trail (Trail Const. and Easement purchases) In Progress 66,700 2,636 $ 460,594 $ 13,798 Public Works Capital Improvement CIP Personnel On-going $ 332,621 $ 84,562 Street Overlay Compled/awaiting bill 300,000 - Bridgeport Way - Phase 4A Construction 329, ,432 Bridgeport Way - Phase 4B Design/Engineering 2,000,000 - Bridgeport Way - Phase 5 In Progress 2,692 2,937 Bridgeport Overlay Not Started 1,178,525 1,454 Mildred Street Completed Mildred Overlay Construction 420, ,887 27th St W/Regents TIB Construction 1,109 1,109 27th St. Phase 2 (Grandview to Bridgeport Design/Engineering 1,697, ,979 35th Street (Bridgeport to Grandview) Not started 520,000-54th Street Improvements Completed th Overlay Not Started 453,989 - Larsen Lane Construction 200, Market Square Improvements Not Started 60,000 - Morrison CDBG Construction 176, ,953 Neighborhood CIP On-going/as needed 67,998 - Cirque/56th Street Corridor Construction 1,469,756 1,431,129 Upgrade School Flasher Beacons In progress 70,124 1,028 SWM - Storm Drainage for CIP On-going/As needed 200,000 - SWM - Stormwater NCIP As Needed 130,000 - SWM - Leach Creek Channel Habitat Restoration On Hold 59,615 - SWM - Soundview Dr. W Construction 244,922 29,632 SWM - Tahoma Place Design/Engineering 640,655 - SWM - Olympic Dr. W (Grandview to 31st) Design/Engineering 334,056 - SafeRoutes - 44th Street Enforcement 7,238 7,238 LRF - Market Place Street & Pedestrian Improvements In Progress 42,884 10,149 LRF - Garage & Elevator Improvements In Progress 80,707 11,736 LRF - Market Place Phase 5 In Progress 10,000 - Contingency 1,451,152 - $ 12,483,402 $ 2,748,719 Municipal Facilities CIP Library/Civic Building Tis Construction $ 4,359,837 $ 583,740 1st Floor Restroom Construction 68,463 - Police Offices Construction 2,409, ,628 Suite 102 Electrical Panel Completed 26,361 26,361 $ 6,864,212 $ 790,729 City of University Place 12 Third Quarter 2018

13 MISCELLANEOUS DATA POPULATION City of University Place 31,420 31,720 32,230 32,610 32,820 Source: State of Washington Office of Financial Management TOTAL PROPERTY TAX LEVY PER $1,000 AV City of University Place $ 1.43 $ 1.35 $ 1.31 $ 1.23 $ 1.13 County $ 1.50 $ 1.43 $ 1.38 $ 1.28 $ 1.18 State $ 2.53 $ 2.39 $ 2.23 $ 2.07 $ 1.88 State School Levy 2 $ - $ - $ - $ - $ 1.03 Fire District #3 EMS $ 0.50 $ 0.50 $ 0.50 $ 0.50 $ 0.48 Fire District #3 Expense $ 1.50 $ 1.50 $ 1.50 $ 1.50 $ 1.46 Fire District #3 M&O $ 1.52 $ 1.42 $ 1.33 $ 1.23 $ 1.10 UP School District - Bond $ 2.89 $ 2.69 $ 2.52 $ 2.31 $ 2.08 UP School District - Capital Projects $ - $ 0.26 $ 0.23 $ 0.20 $ 0.18 UP School District - M&O $ 4.27 $ 4.22 $ 4.14 $ 3.82 $ 3.53 Port of Tacoma $ 0.18 $ 0.18 $ 0.18 $ 0.18 $ 0.18 Pierce County Rural Library $ 0.50 $ 0.50 $ 0.50 $ 0.47 $ 0.43 Central Pierce Regional Transit $ - $ - $ - $ 0.25 $ 0.23 Conservation Futures $ 0.06 $ 0.05 $ 0.05 $ 0.05 $ 0.04 Flood Control Zone $ 0.10 $ 0.10 $ 0.10 $ 0.09 $ 0.08 $ $ $ $ $ OPERATING INDICATORS Building Permits Building Permits Issued ,284 Police Part 1 Crimes* DUI Arrests Other Traffic Arrests Fire** Emergency Medical Responses 9,128 10,545 11,260 11,616 Fire Responses Other 4,593 4,465 4,236 3,881 Public Works Feet of Sidewalks Maintained 144, , , ,120 * Part 1 Crimes includes Violent Crime (Aggravated Assault, Murder, Rape, Robbery) and Property Crime (Arson Motor Vehicle Theft, Burglary and Theft) ** The City of University Place is served by West Pierce Fire and Rescue, which prior to 2011 was Pierce County Fire District #3. West Pierce cannot provide data for University Place only. City of University Place 13 Third Quarter 2018

14 REPORT SUMMARY The report has been produced reflecting City Council s desire for detailed information on individual revenues and expenditures. The report is a continuing work in progress and if there is any additional analysis or trend information you would like to see in the report, please let us know and we will endeavor to include your requests in future reports. Please do not hesitate to contact Leslie Blaisdell, Finance Director, if you have any questions about any information provided in this report. Revenue and Expense Summary The City s general government revenues were 7.73% above rd quarter budget estimates. Operating Expenditures (excluding reserves and transfers) are below budget estimates by 15.16%. Utility taxes continue be an area that we watch closely. Total utility tax revenues are slightly below our projections by 1.64%. State Shared revenues are up 6.26%, but continued funding of the State of Washington City Assistance and Liquor taxes is not guaranteed. Budget Strategic Issues The City s current financial forecast indicates that existing services and legal and contractual obligations can be met with existing revenues through the forecast period. City of University Place 14 Third Quarter 2018