2016 Third Quarter Financial Report

Transcription

1 W HATCO M COU NT Y 206 Third Quarter Financial Report Jack Louws, County Executive Compiled and Presented by the Administrative Services Department Finance Division Brad Bennett, Finance Manager November 9, 206

2 Executive Summary The following information presents Whatcom County s third quarter 206 financial report. At the end of the third quarter of 206 General Fund collected 66.24% of its budgeted revenues. Whatcom County s General Fund spent 69.52% of its budgeted expenditures. Both amounts are in line with prior year experience and projections. The estimated 206 adjusted General Fund ending fund balance is projected to be approximately $7 million. Whatcom County 206 Third Quarter Financial Report - Page

3 General Fund Revenue - vs. Taxes Licenses and Permits Intergovernmental Charges For Services Fines and Forfeits Miscellaneous Revenue Other Sources 206 BUDGET 206 ACTUAL 206 PROJECTED 206 Adopted 206 Supp ls 206 Amended as of 9/30/206 % Collected To Date Projected as of 9/30/206 Taxes 4,873, ,000 42,498,536 27,030, % 26,573,386 Licenses and Permits 2,506,844 2,506,844 2,47, %,908,36 Intergovernmental 3,58,2,899,854 5,47,975 0,780, % 0,740,38 Charges For Services 9,463,43 (,533,560) 7,929,583 6,204, % 6,037,555 Fines and Forfeits 2,420,700 2,420,700,706, %,863,57 Miscellaneous Revenue 3,446,965 7,807 3,58,772 2,890, % 2,502,858 Other Sources 3,272,874,88,46 5,54,020,863, % 2,58,95 Total Revenue 76,502,83 2,944,247 79,446,430 52,623, % 52,206,839 See pages 4 and 5 for General Fund Revenue Notes. Whatcom County 206 Third Quarter Financial Report - Page 2

4 General Fund Revenue to Date - Compared to Prior Years Taxes Licenses and Permits Intergovernmental Revenue Charges For Services Fines and Forfeits Miscellaneous Other Financing Sources Taxes 26,023,020 26,76,828 27,030,362 Licenses and Permits,77,696,877,628 2,47,277 Intergovernmental Revenue 0,470,205 0,964,3 0,780,43 Charges For Services 5,9,440 5,895,55 6,204,983 Fines and Forfeits,87,97,950,686,706,326 Miscellaneous 2,567,62 3,378,882 2,890,225 Other Financing Sources 2,033,7 2,048,434,863,46 Total Revenue 50,54,5 52,292,22 52,623,047 See pages 4 and 5 for General Fund Revenue Notes. Whatcom County 206 Third Quarter Financial Report - Page 3

5 General Fund Revenue Notes Taxes Property tax and retail sales tax make up 99% of Whatcom County s tax revenue budget. Tax revenues are $853,533 more than third quarter 205 amounts. Current year sales tax collections are up 4.8%, or $472,230, as compared to collections from last year. Property tax collections increased $425,30 over last year. The increase is due to new construction and timing of when taxpayers make payments. Forest excise taxes decreased $43,800 year-to-date. Licenses & Permits Building permits account for 48% of Licenses & Permits budgets. Health Department restaurant, food-handling, on-site septic and other miscellaneous health-related licenses and permits make up 47% of the budgets. Marriage licenses, firearms permits and fire control permits account for the remaining 5%. License and Permit Fees are $269,648, or 4.4%, more than amounts collected during the first three quarters of 205. Building permit fees are $77,397 (7.6%) more than 205 levels, business related licenses are up $72,308 (2.6%), on-site sewage applications are up $80,255 (39%), and firearms permits are up $33,447 (63%). Intergovernmental Revenue Intergovernmental are mainly federal and state grants, entitlements and shared revenues. The revenues collected as of September 30th were $83,70, or.7%, less than 205. Most of the decrease is due to transfer of federally funded substance abuse grant contracts from the Health Department to the regional North Sound Behavioral Health Organization. There has also been a reclassification, between 205 and 206, of Medicaid admin funding from the Intergovernmental Revenue category to Charges for Service below. On the plus side, the County received $204,630 more in federal payment in lieu of taxes this year which offsets some of the reductions. Charges for Services Charges for Services include document recording fees (Auditor), motor vehicle license fees (Auditor), plan check fees (Planning & Development Services), adult probation fees (District Court Probation), immunizations (Health Department), fees charged to other governments for probation and law enforcement-related services and several other miscellaneous service fees that help cover the costs of providing specific services used by individual customers. Overall, Charges for Services increased $309,436, or 5.25%. Almost all of this is due to reclassification of Medicaid admin funding from Intergovernmental in 205 to Charges for Service revenue in 206. Whatcom County 206 Third Quarter Financial Report - Page 4

6 General Fund Revenue Notes, continued Fines and Forfeits Fines and Forfeits consist principally of property tax penalties, traffic infraction revenue, and criminal traffic misdemeanor penalties. It also includes bail/bond forfeitures, code enforcement fines, public defense recoupment and other miscellaneous criminal costs and penalties. Fines and Forfeits revenues have decreased $244,358, or 2.5%, under 205 amounts. Traffic infraction revenues decreased $62,8, or 8.7%, due to a decrease in tickets being issued. Delinquent property tax related penalties are down $42,77, or 7.2%, due to better current property tax collection rates in recent years. Other court related fines and penalties are also down due to a state requirement that judges take indigence into consideration when awarding judgments. Miscellaneous Miscellaneous revenues are made up of delinquent property tax interest earnings, investment interest earnings, rents, contributions, refunds, and various small, otherwise unclassified, amounts. Miscellaneous revenues appear to be down $488,654 below 205 levels. This is due to $662,347 of current expense allocation revenue which was recorded as Miscellaneous Revenue in 205 but reclassified to Other Financing Sources by year-end in accordance with state, Accounting and Recording System (BARS) changes. After taking that change into consideration, miscellaneous revenues are actually up $73,693, chiefly because of increased investment earnings. Other Financing Sources The Other Financing Sources revenue budget is composed of state timber revenues (7%) and transfers from other Whatcom County funds (93%). The Other Financing Sources category is about $85,000 below 205 levels without adjusting for the current expense allocation revenue mentioned above, which was reclassified from Miscellaneous Revenue to this category later in 205. A $,000,000 transfer from the REET Fund to the Parks Department made the beginning of 205 has not been transferred yet this year. The 206 transfer will be made by year-end. Timber sales revenue is also $44,000 below 205 amounts. Timber revenues fluctuate based on harvest plans and market conditions. Whatcom County 206 Third Quarter Financial Report - Page 5

7 General Fund - vs. Assessor Auditor County Council County Executive Planning/Development 206 BUDGET 206 ACTUAL 206 PROJECTED Treasurer Sheriff District Court District Ct Probation Hearing Examiner Juvenile Prosecuting Attorney Public Defender Superior Court/Clerk Extension Parks Public Health Non - Departmental See page 7 for chart detail and page 9 for General Fund Expenditure Notes. Whatcom County 206 Third Quarter Financial Report - Page 6

8 General Fund - vs. Adopted 206 Suppl's Amended as of 9/30/6 % Expended To Date Projected as of 9/30/6 Assessor 2,920, ,423 3,246,045 2,297, % 2,462,599 Auditor,32,399 27,0,339, , %,08,383 County Council,39, ,539,435, ,66 63.%,076,25 County Executive 706,898 2,856 79,754 50,4 70.9% 550,057 Planning & Development 5,203, ,98 5,566,432 3,876, % 4,6,52 Treasurer,439,383 48,377,487,760,09, %,55,746 Sheriff 4,242,438,54,422 5,396,860,092, %,697,632 District Court 2,79,738 32,43 2,32,5,685, %,75,420 District Court Probation,609,756 82,5,69,907,2, %,287,98 Hearing Examiner 88,958 4,670 93,628 44, % 45,046 Juvenile 4,69,22 30,339 4,82,560 3,30, % 3,673,580 Prosecuting Attorney 6,025,44 334,904 6,360,345 4,603, % 4,857,97 Public Defender 3,654,65 02,922 3,757,087 2,832, % 2,868,539 Superior Court/Clerk 4,766, ,967 4,976,20 3,667, % 3,792,742 Extension 440,203 8,83 449, , % 300,286 Park 3,845,52 85,77 3,930,869 2,775, % 2,963,030 Public Health,596,064,034,578 2,630,642 8,605, % 9,267,505 Non - Departmental 3,846,582 (267,728) 3,578,854 8,550, % 0,059,442 Total General Fund Exp 79,807,762 4,086,689 83,894,45 58,327, % 63,089,695 See page 9 for General Fund Expenditure Notes. Whatcom County 206 Third Quarter Financial Report - Page 7

9 General Fund - Compared to Prior Years Assessor Auditor County Council County Executive Planning & Development Treasurer Sheriff District Court District Ct Probation Hearing Examiner Juvenile Prosecuting Attorney Public Defender Superior Court/Clerk Extension Parks Public Health Non-Departmental See page 9 for chart detail and General Fund Expenditure Notes. Whatcom County 206 Third Quarter Financial Report - Page 8

10 General Fund - Compared to Prior Years Assessor 2,060,585 2,079,98 2,297,678 Auditor,006,22 964, ,722 County Council 788,4 788, ,66 County Executive 472,33 532,380 50,4 Planning & Development 3,50,264 3,65,279 3,876,744 Treasurer,050,598,062,589,09,853 Sheriff 0,274,428,336,37,092,754 District Court,538,462,582,768,685,25 District Ct Probation,072,493,067,049,2,95 Hearing Examiner 37,753 4,696 44,843 Juvenile 3,75,072 3,265,254 3,30,930 Prosecuting Attorney 4,208,82 4,377,027 4,603,753 Public Defender 2,55,482 2,642,6 2,832,820 Superior Court /Clerk 3,348,554 3,49,463 3,667,379 Extension 262, , ,567 Parks 2,594,059 2,604,939 2,775,43 Public Health 8,30,45 7,85,844 8,605,425 Non-Departmental 0,65,287 9,827,550 8,550,872 TOTAL 56,788,068 57,47,332 58,327,370 General Fund Expenditure Notes for the General Fund, at the end of the third quarter, were at 69.52% of the approved budget. All departmental spending was within budget expectations. Health Department spending increased $790,000 above third quarter 205 levels; most of that increase is in the wage and benefit categories. In addition to pay increases, Health had several vacancies in senior positions in 205 due to retirements and managerial turnover. Most vacancies are now filled, as well as adding three new positions in 205 and the beginning of 206. Non-Departmental expenditures decreased by $.3 million under third quarter 205. Three transfers to capital project funds to fund new jail planning costs, criminal justice case management systems and the integrated land records/permit system software project were included in 205 expenditures. Whatcom County 206 Third Quarter Financial Report - Page 9

11 General Fund Conclusion Projected Beginning Fund Balance //6 5,333,393 ed ,502,83 Increased Revenue Estimates 880,000 Continuing Appropriations from ,687 Supplemental s 206 2,35,560 Total Revenue 80,326,430 ed ,807,762 Continuing Appropriations from 205,8,794 Supplemental s 206 2,967,895 Total 83,894,45 Adjusted Surplus (Deficit) (3,568,02) Other Considerations Estimated Lapse 3,383,667 Projected Ending Fund Balance 2/3/6 5,49,039 Interfund Loan Adjustment,860,083 Adjusted Fund Balance 2/3/6 7,009,22 Note: Accounting for interfund loans used to finance the Central Plaza Building purchase, the Assessor-Treasurer System, and the general fund transfer to fund the Sheriff-Jail Records Management System in accordance with generally accepted accounting principles has the effect of artificially reducing the fund balance. This happens because the capital purchases and transfers are shown as expenditures but the loan proceeds are not presented as revenues in the income statement but only as a liability on the balance sheet. Whatcom County 206 Third Quarter Financial Report - Page 0

12 Special Revenue Funds and Other Funds County Road Fund 08 $5,688,723 $25,347,600 $8,556,493 $30,744,026 $0 $8,000,000 $6,000,000 $24,000,000 $32,000,000 Election Reserve Fund 09 $939,058 $,24,379 $,58,543 $,384,85 $0 $500,000 $,000,000 $,500,000 Veterans Relief Fund 4 $66,625 $78,256 $284,530 $348,363 $0 $75,000 $50,000 $225,000 $300,000 $375,000 Note: Funds with larger expenditure budgets than revenue budgets anticipate adequate budget lapse or use of fund equity reserves. Whatcom County 206 Third Quarter Financial Report - Page

13 Special Revenue Funds and Other Funds, continued Whatcom County Jail Fund 8 $9,445,979 $3,904,878 $0,543,73 $4,396,0 $0 $3,000,000 $6,000,000 $9,000,000 $2,000,000 $5,000,000 Low Income Housing Fund 2 $6,978 $55,462 $227,500 $234,076 $0 $50,000 $00,000 $50,000 $200,000 $250,000 Homeless Housing Fund 22 $,766,457 $,844,865 $2,93,906 $2,93,906 $0 $500,000 $,000,000 $,500,000 $2,000,000 $2,500,000 $3,000,000 Note: Funds with larger expenditure budgets than revenue budgets anticipate adequate budget lapse or use of fund equity reserves. Whatcom County 206 Third Quarter Financial Report - Page 2

14 Special Revenue Funds and Other Funds, continued Stormwater Fund 23, 2 $28,205 $,242,390 $492,069 $,30,943 $0 $200,000 $400,000 $600,000 $800,000 $,000,000 $,200,000 $,400,000 Chemical Dependency/Mental Health Fund 24 $3,02,964 $3,969,768 $2,30,959 $4,664,762 $0 $,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 Parks Special Revenue Fund 26 3 $92,866 $32,886 $0 $0,000 $0 $20,000 $40,000 $60,000 $80,000 $00,000 $20,000 $40,000 Notes: Funds with larger expenditure budgets than revenue budgets anticipate adequate budget lapse or use of fund equity reserves. 2 Stormwater Fund will receive its annual transfer from Flood to cover operating costs during the fourth quarter. 3 This fund makes most of its expenditures in the fourth quarter by making transfers to reimburse operating costs in other funds.. Whatcom County 206 Third Quarter Financial Report - Page 3

15 Special Revenue Funds and Other Funds, continued County Wide Emergency Medical Services Fund 30 $5,054,30 $7,29,243 $6,08,328 $8,29,339 $0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 Trial Court Improvement Fund 35 3 $33,807 $48,554 $6,373 $40,484 $0 $0,000 $20,000 $30,000 $40,000 $50,000 Solid Waste Fund 40 $55,663 $593,323 $950,560 $,049,730 $0 $200,000 $400,000 $600,000 $800,000 $,000,000 $,200,000 Notes: Funds with larger expenditure budgets than revenue budgets anticipate using fund equity reserves. 3 This fund makes most of its expenditures in the fourth quarter by making transfers to reimburse operating costs in other funds.. Whatcom County 206 Third Quarter Financial Report - Page 4

16 Special Revenue Funds and Other Funds, continued Convention Center Fund 4 $467,568 $570,000 $332,432 $628,980 $0 $00,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 Victim Witness Assistance Fund 42 $7,0 $63,39 $08,350 $4,06 $0 $20,000 $40,000 $60,000 $80,000 $00,000 $20,000 $79,236 Whatcom County Drug Fund 65 $28,000, 4 $3,889 $343,984 $0 $50,000 $00,000 $50,000 $200,000 $250,000 $300,000 $350,000 Notes: Funds with larger expenditure budgets than revenue budgets anticipate using fund equity reserves. 4 Drug Fund revenue is dependent on seizure activity and proceed sharing with other agencies. Therefore, revenue is unpredictable. The Fund's ability to incur expenditures is also dependent on receipt of seizure revenues. Whatcom County 206 Third Quarter Financial Report - Page 5

17 Special Revenue Funds and Other Funds, continued Auditor's O&M Fund 66 $83,604 $59,66 $50,050 $65,449 $0 $50,000 $00,000 $50,000 $200,000 Emergency Management Fund 67 $384,554 $398,429 $6,55 $66,55 $0 $00,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 Flood Control Zone District Fund 69,5 $2,390,930 $5,772,028 $2,547,660 $,098,384 $0 $3,000,000 $6,000,000 $9,000,000 $2,000,000 Notes: Funds with larger expenditure budgets than revenue budgets anticipate using fund equity reserves. 5 Flood and Sub Zones expenditures are project driven which are dependent on factors such as permitting, fish windows, and state funding. Whatcom County 206 Third Quarter Financial Report - Page 6

18 Special Revenue Funds and Other Funds, continued Sub-Flood Zones Funds ,5 $20,035 $9,708 $6,3 $543,080 $0 $00,000 $200,000 $300,000 $400,000 $500,000 $600,000 Birch Bay Sub Zone Fund 6925,5 $442,062 $649,754 $963,80 $,508,574 $0 $400,000 $800,000 $,200,000 $,600,000 Conservation Futures Fund 75 $67,635 $504,624 $686,064 $,060,058 $0 $200,000 $400,000 $600,000 $800,000 $,000,000 $,200,000 Notes: Funds with larger expenditure budgets than revenue budgets anticipate using fund equity reserves. 5 Flood and Sub Zones expenditures are project driven which are dependent on factors such as permitting, fish windows, and state funding. Whatcom County 206 Third Quarter Financial Report - Page 7

19 Capital Project Funds Real Estate Excise Tax II - Fund 324,6 $298,463 $,529,56 $,436,000 $2,070,048 $0 $500,000 $,000,000 $,500,000 $2,000,000 $2,500,000 Real Estate Excise Tax I - Fund $239,92 $,522,334 $,625,537 $,32,27 $0 $500,000 $,000,000 $,500,000 $2,000,000 Public Utilities Improvement Fund 332,6 $73,455 $2,746,938 $3,428,42 $7,568,067 $0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 Notes: Funds with larger expenditure budgets than revenue budgets anticipate using fund equity reserves. 6 REET and Public Utilities Improvement Funds are used to finance capital projects for the county and other municipalities. Large expenditures are expected in the fourth quarter as well as some projects being continued into 207. Whatcom County 206 Third Quarter Financial Report - Page 8

20 Enterprise and Internal Service Funds Ferry System Fund 444 $,285,360 $2,88,033 $,899,899 $2,727,640 $0 $500,000 $,000,000 $,500,000 $2,000,000 $2,500,000 $3,000,000 Equipment Rental & Revolving Fund 50 $7,052,46 $2,205,235 $6,85,737 $6,72,264 $0 $5,000,000 $0,000,000 $5,000,000 $20,000,000 Administrative Services Fund 507 $3,962,393 $9,644,67 $5,257,032 $2,57,909 $0 $5,000,000 $0,000,000 $5,000,000 $20,000,000 $25,000,000 Note: Funds with larger expenditure budgets than revenue budgets anticipate using fund equity reserves. Whatcom County 206 Third Quarter Financial Report - Page 9

21 Project Funds Civic Center Building Fund 33 $58,406 $2,500,000 $2,500,000 $2,500,000 $0 $500,000 $,000,000 $,500,000 $2,000,000 $2,500,000 $3,000,000 Project Update: Project Webpage: East Whatcom Regional Resource Center Fund 334 $5,047,76 $6,097,56 $5,042,66 $6,097,57 $0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 Project Update: Project Webpage: Jail Improvement Fund 337 $04,860 $3,57,245 $2,638,757 $3,7,700 $0 $,000,000 $2,000,000 $3,000,000 $4,000,000 revenues are greater than current budget due to proceeds from Build America bonds being deposited to the Jail Improvement Fund without a corresponding budget item. Project Update: Project Webpage: Whatcom County 206 Third Quarter Financial Report - Page 20

22 Project Funds, continued Lummi Nation Lease Fund $75,957 $2,000,000 $2,000,000 $2,000,000 $0 $500,000 $,000,000 $,500,000 $2,000,000 $2,500,000 Birch Bay Drive & Pedestrian Facility Fund 339 $2,243,206 $2,200,000 $,839,599 $2,200,000 $0 $500,000 $,000,000 $,500,000 $2,000,000 $2,500,000 Project Update: Project Webpage: Birch Bay Portal Way Signal Improvements Fund 34 2 $3,572,282 $4,300,000 $3,455,67 $3,620,000 $0 $,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 2 Original project budget erroneously included revenue budget to cover expenses incurred in the Road Fund before this project budget fund was created. Project Update: Whatcom County 206 Third Quarter Financial Report - Page 2

23 Project Funds, continued Potter Rd - South Fork Bridge Fund $6,969,859 $9,600,000 $6,885,28 $8,450,000 $0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $0,000,000 2 Original project budget erroneously included revenue budget to cover expenses incurred in the Road Fund before this project budget fund was created. Project Update: Project Webpage: Rural Road Safety Program Fund 343 $,478,288 $,769,389 $,438,668 $,769,389 $0 $500,000 $,000,000 $,500,000 $2,000,000 Project Update: Sheriff Records Management System Fund 344 $,440,62 $,440,62 $,246,736 $,440,62 $0 $500,000 $,000,000 $,500,000 Project Update: Whatcom County 206 Third Quarter Financial Report - Page 22

24 Project Funds, continued New Jail Project 203 Fund $9,093,49 $7,093,49 $7,36,39 $7,539,280 $0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $0,000,000 3 Two million dollar transfers from the General Fund were deposited to this fund without budget ordinances being adopted for those transactions. Project Update: Project Webpage: Nesset Farm Fund $73 $9,607 $250,000 $250,000 $0 $50,000 $00,000 $50,000 $200,000 $250,000 $300,000 4 Projects with more expenditures than revenues have external grantor agency funding. are financed by temporary cash flow loans until funding is received. Project Update: Project Webpage: State St Building Acquisition & Improvements Fund 348 $2,776,376 $5,458,884 $5,458,884 $5,458,884 $0 $,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 Project Update: Project Webpage: Whatcom County 206 Third Quarter Financial Report - Page 23

25 Project Funds, continued Slater Road Intersections Fund 349 $2,740,895 $2,740,000 $2,442,664 $2,740,000 $0 $500,000 $,000,000 $,500,000 $2,000,000 $2,500,000 $3,000,000 Project Update: Project Webpage: Dakota Creek Bridge Fund 350 $4,03,86 $4,048,604 $3,704,62 $4,048,604 $0 $,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 Project Update: Project Webpage: Telecommunications System Fund 35 $,58,486 $2,223,809 $2,223,809 $2,223,809 $0 $500,000 $,000,000 $,500,000 $2,000,000 $2,500,000 Project Update: Whatcom County 206 Third Quarter Financial Report - Page 24

26 Project Funds, continued Lake Whatcom Blvd Resurface Fund 352 $506,680 $,500,00 $,500,000 $,500,000 $0 $500,000 $,000,000 $,500,000 $2,000,000 Project Update: Project Webpage: Hannegan Rd Nooksack Bridge Fund 353 $43,076 $43,03 $240,000 $240,000 $0 $50,000 $00,000 $50,000 $200,000 $250,000 $300,000 Project Update: Project Webpage: Slater Rd Nooksack Bridge Fund $,49,04 $,700,000 $,58,787 $,700,000 $0 $500,000 $,000,000 $,500,000 $2,000,000 4 Projects with more expenditures than revenues have external grantor agency funding. are financed by temporary cash flow loans until funding is received. Project Update: Project Webpage: Whatcom County 206 Third Quarter Financial Report - Page 25

27 Project Funds, continued 205 County Road Safety Program Fund 355 $70,50 $3,59 $750,000 $750,000 $0 $200,000 $400,000 $600,000 $800,000 Project Update: Hannegan Rd Structural Overlay Fund 356 $2,000,00 $2,000,000 $,473,058 $2,000,000 $0 $500,000 $,000,000 $,500,000 $2,000,000 $2,500,000 Project Update: Project Webpage: Courthouse Fire Alarm/Juvenile Roof Fund 357 $8,369 $260,000 $260,000 $260,000 $0 $50,000 $00,000 $50,000 $200,000 $250,000 $300,000 Project Update: Project Webpage: Whatcom County 206 Third Quarter Financial Report - Page 26

28 Project Funds, continued 205 Girard St Building Improvements Fund 358 $69,459 $5,000 $5,000 $5,000 $0 $00,000 $200,000 $300,000 $400,000 $500,000 $600,000 Project Update: Project Webpage: Courthouse Building Envelope Fund 359 $5,54 $250,000 $250,000 $250,000 $0 $50,000 $00,000 $50,000 $200,000 $250,000 $300,000 Project Update: Project Webpage: Central Plaza Improvements Fund 360 $60,000 $60,000 $4,440 $60,000 $0 $50,000 $00,000 $50,000 $200,000 Project Update: Project Webpage: Whatcom County 206 Third Quarter Financial Report - Page 27

29 Project Funds, continued Silver Lake Park Improvements Fund 36 $89,472 $880,000 $880,000 $880,000 $0 $200,000 $400,000 $600,000 $800,000 $,000,000 Project Update: Project Webpage: Lighthouse Marine Park Improvements Fund 362 $48,88 $250,000 $250,000 $250,000 $0 $50,000 $00,000 $50,000 $200,000 $250,000 $300,000 Project Update: Project Webpage: South Fork Park Improvements Fund 363 $479,075 $688,000 $7,054 $688,000 $0 $200,000 $400,000 $600,000 $800,000 Project Update: Project Webpage: Whatcom County 206 Third Quarter Financial Report - Page 28

30 Project Funds, continued Academy Rd Storm Water Improvements Fund 364 $,09,468 $,09,000 $,025,702 $,09,000 $0 $300,000 $600,000 $900,000 $,200,000 Project Update: Project Webpage: Agate Heights Storm Water Improvements Fund 365 $76,423 $60,000 $60,000 $60,000 $0 $200,000 $400,000 $600,000 $800,000 Project Update: Cedar Hills Storm Water Improvements Fund $805,505 $,555,586 $,066,225 $,555,586 $0 $500,000 $,000,000 $,500,000 $2,000,000 4 Projects with more expenditures than revenues have external grantor agency funding. are financed by temporary cash flow loans until funding is received. Project Update: Whatcom County 206 Third Quarter Financial Report - Page 29

31 Project Funds, continued Criminal Justice Case Management Fund 368 $5,02 $600,000 $600,000 $600,000 $0 $00,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 Project Update: Integrated Land Permit Management Fund 369 $89,233 $,68,334 $,68,334 $,68,334 $0 $200,000 $400,000 $600,000 $800,000 $,000,000 $,200,000 Project Update: South Pass Rd/ Saar Creek Bridge Fund 370 $56,925 $,30,225 $,30,000 $,30,000 $0 $300,000 $600,000 $900,000 $,200,000 $,500,000 Project Update: Project Webpage: Whatcom County 206 Third Quarter Financial Report - Page 30