CECIL COUNTY GOVERNMENT

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Office of the County Executive Department of Finance Tari Moore Winston L. Robinson, Director County Executive 410.996.5385 Alfred C. Wein, Jr. Front Desk & Payments Director of Administration 410.

1 Office of the County Executive Department of Finance Tari Moore Winston L. Robinson, Director County Executive Alfred C. Wein, Jr. Front Desk & Payments Director of Administration Office: County Information Fax: CECIL COUNTY GOVERNMENT Department of Finance 200 Chesapeake Boulevard, Suite 1100, Elkton, MD To: cc: From: Tari Moore, County Executive Al Wein, Director of Administration Cecil County Council Winston L. Robinson, Director of Finance Lisa Saxton, Accounting Manager Craig Whiteford, Budget Manager Re: Financial Report Monthly for November 2013 Date: January 6, 2014 The attached Financial Reports of the General Fund and the two Enterprise Funds for the year-to-date through the month of November 2013 are presented for your consideration. This is to remind you of some cautions when reviewing the reports. When comparing 2013 to 2014, please remember that a variety of changes were made during the preparation of the FY2014 budget including allocating to specific departments all items formerly classified as general government. In addition, accruals related to billings and accounts payable are often only done at yearend; the actual expenses therefore will represent one month less than the number of year-to-date periods (November is the fifth period, but often has only four months of vendor invoices). General Fund November YTD Highlights The results of the General Fund for year-to-date through November are unfavorable by $6,103,450 of which approximately $2,300,000 are operating transfer timing differences. Real Property Taxes are down compared to FY2013 due to constant tax rates and declining assessments, Recordation is down due to activity, Income taxes are up $878,998 due to the economy, and Personal Property Tax is up $1,320,807 of which $800,000 may be timing. As to expenditures and transfers out, the Allocations to the Board of Education and Cecil College are up due to increased support by $1,954,715 and $484,981, respectively; operating transfers are up due to timing differences. Landfill Fund November YTD Highlights The results of the Landfill Fund for year-to-date through November are favorable by $361,015 compared to FY2013 primarily due to increased sales caused by increased rates and volume. Wastewater Fund November YTD Highlights The results of the Wastewater Fund for year-to-date through November are unfavorable by $1,482,327 compared to FY2013 primarily due to a decrease in connection fees offset by a timing difference in sales and user fees. Connection fee rates increased, but customers reacted to the pending increase by making applications earlier than usual and increasing FY2013 fees and decreasing FY2014. R:\Monthly Report\2014\ Financial Report Commentary as of docx

2 Prepared by:denise Roberts General Fund Revenues & Expenditures by Major Department See Note (a) as to limitations Page 1 Current Year Budget (b) vs Actual Actual Actual thru Nov. Budget Actual thru Nov. thru November thru November 2013 vs 2012 Fiscal Year thru November Annual Budget Revenues Real Property Tax 94,368, ,688, (2,680,162.13) 91,775, ,688, (86,522.04) Personal Property Tax 5,863, ,184, ,320, ,784, ,184, (600,145.04) Payment in Lieu of Tax 2,063, ,563, , ,563, ,563, (0.15) Discount (1,074,670.73) (1,067,839.10) 6, (1,052,536.00) (1,067,839.10) (15,303.10) Interest & Penalties 35, , , , , (648,152.91) Income Tax 13,696, ,575, , ,139, ,575, (37,564,516.34) License & Permits 842, , (366,265.98) 1,412, , (936,085.54) Federal Grants 176, , , ,280, , (1,015,831.46) State Grants 357, , , ,330, , (3,912,826.30) Other Intergovernmental 166, , , ,130, , (931,830.55) Charges for Services 705, , (6,542.14) 2,100, , (1,401,591.88) Recordation 2,741, ,836, (905,847.77) 4,800, ,836, (2,963,867.12) Investment Earnings 55, , (23,447.77) 250, , (217,585.73) Contributions & Other 131, , (24,801.36) 80, , , Transfers - 1,225, ,225, ,225, ,225, Total Revenues 120,131, ,246, , ,514, ,246, (50,268,405.87) Expenditures COUNTY EXECUTIVE - 75, (75,139.42) 179, , , COUNTY COUNCIL 134, , (834.93) 562, , , ADMINISTRATOR 70, , (89,313.43) 353, , , HUMAN RESOURCES 185, , (392,113.09) 1,085, , , CIRCUIT COURT 634, , (94,745.37) 2,172, , ,443, STATE'S ATTORNEY'S OFFICE 627, , (40,739.22) 1,896, , ,228, YOUTH PANEL 24, , (1,781.59) 73, , , ORPHAN'S COURT 5, , (121.50) 21, , , BOARD OF ELECTIONS 236, , , , , , FINANCE 989, ,051, (62,818.53) 2,727, ,051, ,675, LIQUOR BOARD 52, , (8,606.55) 204, , , PLANNING & ZONING 348, , (11,387.72) 1,109, , , MAINTENANCE 1,018, ,236, (218,171.38) 3,737, ,236, ,500, INFORMATION SYSTEMS 430, , (207,447.89) 1,516, , , LEGAL SERVICES - 46, (46,956.50) 277, , , GENERAL GOVERNMENT 842, , (570.76) LAW ENFORCEMENT 8,111, ,408, (297,400.61) 18,870, ,408, ,461, EMERGENCY SERVICES 6,153, ,092, , ,069, ,092, ,976, PERMITS & INSPECTIONS 268, , (17,800.97) 913, , , ANIMAL CONTROL 129, , (230,350.15) 720, , , PUBLIC WORKS 3,401, ,683, (282,218.78) 10,299, ,683, ,616, PUBLIC HEALTH 836, , , ,885, , ,113, MD SCHOOL BLIND/ADULT DAYCARE 1, , (1,018.84) 37, , , SOCIAL SERVICES 695, , (9,079.27) 2,338, , ,633, BOARD OF EDUCATION 28,596, ,551, (1,954,715.93) 74,456, ,551, ,904, CECIL COLLEGE 4,779, ,264, (484,981.00) 8,243, ,264, ,979, NON-PROFIT AGENCIES 116, , , , , , PARKS & RECREATION 212, , (171,002.90) 1,124, , , LIBRARIES 1,784, ,850, (65,475.00) 4,583, ,850, ,733, AGRICULTURE 220, , (13,156.17) 595, , , ECONOMIC DEVELOPMENT 261, , (57,473.65) 987, , , JUDGEMENT & LOSSES , , GRANTS TO MUNICIPALITIES 690, , , , , , DEBT SERVICE - PRINCIPAL 8,243, ,707, (463,359.29) 9,842, ,707, ,135, DEBT SERVICE - INTEREST 2,830, ,513, , ,965, ,513, ,451, OPERATING TRANSFER 15, ,349, (2,333,271.00) 3,506, ,349, ,157, Total Expenditures 72,950, ,168, (6,218,289.61) 173,992, ,168, ,823, Revenues over Expenditures 47,180, ,077, (6,103,450.38) (3,477,541.00) 41,077, ,554, (b) (a) November includes pro-rata estimates and accrual calculations which may be revised after 2013 Yearend Adjustments. (b) For FY 2014 Budget, the difference between revenue over expenditures is equal to the budgeted use of Fund Balance. (c) Budget numbers are presented as full year budget.

3 Prepared by:denise Roberts Page 2 General Fund Revenues & Expenditures by Category See Note (a) as to limitations Current Year Budget vs Actual Actual Actual thru Nov. Budget Actual thru Nov. thru November thru November 2013 vs 2012 Fiscal Year thru November Annual Budget Revenues Real Property Tax 94,368, ,688, (2,680,162.13) 91,775, ,688, (86,522.04) Personal Property Tax 5,863, ,184, ,320, ,784, ,184, (600,145.04) Payment in lieu of Tax 2,063, ,563, , ,563, ,563, (0.15) Discount (1,074,670.73) (1,067,839.10) 6, (1,052,536.00) (1,067,839.10) (15,303.10) Interest & Penalties 35, , , , , (648,152.91) Special Assessments Income Tax 13,696, ,575, , ,139, ,575, (37,564,516.34) License & Permits 842, , (366,265.98) 1,412, , (936,085.54) Federal Grants 176, , , ,280, , (1,015,831.46) State Grants 357, , , ,330, , (3,912,826.30) Other Intergovernmental 166, , , ,130, , (931,830.55) Charges for Services 705, , (6,542.14) 2,100, , (1,401,591.88) Recordation 2,741, ,836, (905,847.77) 4,800, ,836, (2,963,867.12) Investment Earnings 55, , (23,447.77) 250, , (217,585.73) Contributions & Other 131, , (24,801.36) 80, , , Transfers - 1,225, ,225, ,225, ,225, Total Revenues 120,131, ,246, , ,514, ,246, (50,268,405.87) Expenditures Salary & Fringe 15,077, ,348, (1,270,913.45) 39,886, ,348, ,537, Professional & Related Services 3,927, ,612, (684,906.13) 12,412, ,612, ,800, Supplies & Materials 2,294, ,337, (43,022.70) 8,156, ,337, ,819, Utilities 315, , , ,231, , , Training & Related 161, , , , , , Capital Outlay 628, , (300,360.81) 2,683, , ,755, Special Purpose 198, , , , , , Debt Service - Principal 8,243, ,707, (463,359.29) 9,842, ,707, ,135, Debt Service - Interest 2,830, ,513, , ,965, ,513, ,451, Transfers & Intergovernment 39,269, ,142, (3,873,528.55) 93,435, ,142, ,292, Total Expenditures 72,950, ,168, (6,218,289.61) 173,992, ,168, ,823, Revenues over Expenditures 47,180, ,077, (6,103,450.38) (3,477,541.00) 41,077, ,554, (b) (a) November includes pro-rata estimates and accrual calculations which may be revised after 2013 Yearend Adjustments. (b) For FY 2014 Budget, the difference between revenue over expenditures is equal to the budgeted use of Fund Balance. (c) Budget numbers are presented as full year budget.

4 Prepared by:denise Roberts Page 2B Allocation Regular General Fund Transfers & Intergovernment See Note (a) as to limitations Current Year Budget vs Actual Actual Actual thru Nov. Budget Actual thru Nov. thru November thru November 2013 vs 2012 Fiscal Year thru November Annual Budget 100APlanning & Zoning ALaw Enforcement - 3, (3,760.00) 38, , , AVolunteer Fire Departments 2,537, ,448, , ,448, ,448, AAnimal Control 103, , (256,166.00) 720, , , AHealth Department 831, , , ,833, , ,065, AMD School for Blind 1, , (1,018.84) 3, , AAdult Daycare , , ASocial Services 18, , , , , ADomestic Violence 7, , (840.00) 73, , , ABoard of Education 27,981, ,054, (1,072,660.00) 69,730, ,054, ,676, ACecil Community College 4,713, ,208, (495,046.00) 8,039, ,208, ,830, ANon-Profit Agencies 116, , , , , , ALibraries 1,784, ,833, (48,375.00) 4,399, ,833, ,566, AAgricultural Extension Service 89, , (4,128.50) 187, , , ASoil Conservation 20, , , , , AGypsy Moth , , Total Allocation Regular 38,206, ,934, (1,728,445.08) 88,831, ,934, ,896, Operating Transfers 130 General Capital Projects - 1,276, (1,276,000.00) 1,276, ,276, Housing Voucher , , Senior Services ,131, ,131, Task Force 15, , Confiscated Funds (254.00) (254.00) 260 Library Capital Projects - 598, (598,000.00) 598, , College Capital Projects - 475, (475,000.00) 475, , Total Operating Transfers 15, ,349, (2,333,271.00) 3,506, ,349, ,157, SState Fee-Property Tax Admin 356, , , , , , TTax Rebate 690, , , , , BBank Tax Distribution , , Total Transfers & Intergov 39,269, ,142, (3,873,528.55) 93,435, ,142, ,292, (a) November includes pro-rata estimates and accrual calculations which may be revised after 2013 Yearend Adjustments. (b) Budget numbers are presented as full year budget.

5 Prepared by: Denise Roberts Page 3 General Fund Balance Sheet See Note (a) as to limitations Prior Year Current Year Prior Yearend 11/30/12 11/30/13 06/30/13 ASSETS Cash 37,418, ,387, ,897, Cash - Time Deposits 42,150, ,131, ,373, Less: Amounts due other Funds (39,738,418.07) (6,921,993.85) - Net Cash 39,831, ,597, ,271, Receivables 31,335, ,446, ,055, Due from Other Governments 432, , ,985, Other Assets 490, , , Total Assets 72,090, ,704, ,917, LIABILITIES Accounts Payable 226, ,141, ,922, Unavailable/Unearned Revenue 127, , ,629, Other Liabilities 847, ,381, ,044, Total Liabilities 1,201, ,954, ,596, FUND BALANCES Non-spendable (per Yearend) 477, ,400, ,400, Unrestricted 70,412, ,349, ,920, Total Fund Balance 70,889, ,750, ,320, (a) November includes pro-rata estimates and accrual calculations which may be revised after 2013 Yearend Adjustments.

6 Prepared by: Denise Roberts Page 4 INCOME TAX RECEIPTS as of November 30, 2013 FISCAL YEAR FISCAL YEAR FISCAL YEAR % of Act % of Act % of Act Actual Total Actual Total Actual Total FISCAL YEAR % of Bud Actual Total SEPTEMBER 785, % $ 637, % $ 610, % $ 1,195, % OCTOBER 1,031, % 1,214, % 1,287, % 1,253, % NOVEMBER 10,555, % 11,640, % 11,798, % 12,126, % DECEMBER - 0.0% - 0.0% - 0.0% - 0.0% JANUARY 394, % 506, % 455, % - 0.0% FEBRUARY 10,917, % 10,960, % 12,102, % - 0.0% MARCH 586, % 550, % 607, % - 0.0% APRIL - 0.0% - 0.0% - 0.0% - 0.0% MAY 8,918, % 9,707, % 9,845, % - 0.0% JUNE 9,657, % 10,305, % 9,180, % - 0.0% JULY 3,086, % 3,210, % 3,249, % - 0.0% AUGUST 900, % 1,079, % 1,284, % - 0.0% Year to Date $ 46,835, % $ 49,813, % $ 50,421, % $ 14,575, % Budget $ 46,665,160 $ 44,836,172 $ 48,644,519 $ 52,139,853 Comparative Year to Year November 30 $ 12,373,454 $ 13,491,494 $ 13,696,339 $ 14,575, YTD Actual Receipts % change current year vs. prior year 6.42% 2014 YTD Actual Receipts $ change current year vs. prior year $ 878,998

7 Prepared by: Denise Roberts Page 5 PERRYVILLE CASINO REVENUES as of November 30, 2013 FISCAL YEAR FISCAL YEAR Total From Gaming Commission Town of Perryville's Portion Cecil County's Portion % of Actual Total Total From Gaming Commission Town of Perryville's Portion Cecil County's Portion % of Budget Total JULY $ 310,896 $ 108,814 $ 202, % $ 283,132 $ 99,096 $ 184, % AUGUST 293, , , % 289, , , % SEPTEMBER 270,265 94, , % 254,161 88, , % OCTOBER 247,380 86, , % 265,257 92, , % NOVEMBER 244,516 85, , % 248,152 86, , % DECEMBER 268,779 94, , % % JANUARY 246,268 86, , % % FEBRUARY 268,998 94, , % % MARCH 361, , , % % APRIL 310, , , % % MAY 314, , , % % JUNE 291, , , % % Year to Date $ 3,428,684 $ 1,200,039 $ 2,228, % $ 1,340,614 $ 469,215 $ 871, % Budget $ 2,639,467 $ 1,702,901 Comparative Year to Year October $ 1,366,948 $ 478,432 $ 888,516 $ 1,340,614 $ 469,215 $ 871, % (1) November 2013 is an estimate based on the Maryland lottery website. (2) The County sends 35% of the gaming commissions to Perryville when received from the State of Maryland. The County typically sends the money to Perryville within 2 days of receipt from the State.

8 Prepared by: Denise Roberts Landfill Fund Revenues & Expenditures by Category Unaudited Current Year Rev Budget vs Actual Actual Actual thru Nov Rev Budget Actual thru Nov thru Nov thru Nov 2013 vs 2012 Fiscal Year thru Nov Annual Budget Revenues Sales & User Fees 2,215, ,465, , ,574, ,465, (3,109,085.94) Charges for Services 37, , , , (41,953.36) Discount - (3,005.23) (3,005.23) - (3,005.23) (3,005.23) Interest & Penalties 2, , (738.72) 3, , (864.25) Federal Grants State Grants - 4, , , , (4,268.75) Contributions & Other , , , , Total Revenues 2,256, ,533, , ,666, ,533, (3,133,177.53) Expenditures Salary & Fringe 494, , (15,531.40) 1,464, , , Professional & Related Services 651, , , ,511, , , Supplies & Materials 125, , (29,985.23) 362, , , Utilities 44, , (9,605.76) 236, , , Training & Related 3, , (3,632.53) 25, , , Depreciation (b) 993, ,046, (53,265.42) 2,512, ,046, ,465, Transfers & Intergovernment 29, , , , , , Total Expenditures 2,342, ,314, , ,214, ,314, ,900, Operating Gain/(Loss) (86,330.32) 218, , (548,574.00) 218, , Non-Operating Revenues (Expenses) Interest Expense 3, , (512,316.00) (512,849.76) Investment Earnings (11.62) (23.65) Change in Net Position (82,946.78) 219, , (1,060,890.00) 219, , (c) (a) Budget numbers are presented as full year budget and are not prorated for year to date comparison (b) Depreciation, Depletion & Closure for FY2013 is shown as a percentage of yearend actual and FY2014 as a percentage of budget. (c) The FY 2014 budget includes Fund Balance and capital outlay in the change in net position. R:\Monthly Report\2014\ Financial Report _Enterprise Funds xlsx

9 Prepared by:denise Roberts Waste Water Fund Revenues & Expenditures by Category Unaudited Current Year Rev Budget vs Actual Actual Actual thru Nov Rev Budget Actual thru Nov thru Nov thru Nov 2013 vs 2012 Fiscal Year thru Nov Annual Budget Revenues Sales & User Fees 1,293, ,311, , ,309, ,311, (2,998,178.97) Interest & Penalties 7, , , , Federal Grants Contributions & Other 2, , , , , , Total Revenues 1,302, ,440, , ,321, ,440, (2,880,858.55) Expenditures Salary & Fringe 310, , (95,634.70) 1,162, , , Professional & Related Services 365, , , ,246, , , Supplies & Materials 112, , (98,851.52) 510, , , Utilities 154, , (2,035.65) 463, , , Training & Related 6, , (7,806.04) 22, , , Depreciation (b) 983, , (5,709.58) 2,374, , ,385, Transfers & Intergovernment Total Expenditures 1,933, ,101, (168,968.88) 5,779, ,101, ,677, Operating Gain/(Loss) (630,295.40) (661,464.85) (31,169.45) (1,457,969.00) (661,464.85) 796, Non-Operating Revenues (Expenses) Interest Expense (207,079.88) (195,186.02) (11,893.86) (669,824.00) (195,186.02) (474,637.98) Bond Issue Expense (63,780.79) (63,780.79) - (63,780.00) (63,780.79) 0.79 Investment Earnings Capital Contributions Connection Fees 2,002, , (1,444,997.67) 2,676, , (2,119,065.67) Change in Net Postion 1,101, (362,868.33) (1,488,036.22) 485, (362,868.33) (1,797,142.71) (c) (a) Budget numbers are presented as full year budget and are not prorated for year to date comparison (b) Depreciation for FY2013 is shown as a percentage of yearend actual and FY2014 as a percentage of budget. (c) The FY 2014 budget includes Fund Balance and capital outlay in the change in net position. R:\Monthly Report\2014\ Financial Report _Enterprise Funds xlsx

Prepared by: Denise Roberts 3/28/2017. Page 1

Prepared by: Denise Roberts 3/28/2017. Page 1 General Fund Revenues & Expenditures by Major Department See Note (a) as to limitations Page 1 Current Year Budget (b) vs Actual Actual Actual thru Feb Budget Actual thru Feb Revenues Real Property Tax