Quarterly Financial Report 9 Months Ended March 31, 2017

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2 Quarterly Financial Report 9 Months Ended March 31, 2017 Executive Summary The City of Glendora Finance Department prepares financial reports quarterly. This report contains information on revenues/resources and expenditures for the nine (9) months ending March 31 st, Across all funds, revenues are 14.5% higher than last year at this time. Expenditures are 10.5% higher than the same period last year. Total expenditures for all funds are at 71%. Report Overview and Contents The order in which the reports are presented goes from the most summarized perspective to the most detailed. Below is a listing of the reports: All Fund Types Summary of Revenues and Expenditures This report provides information in the most summarized format by types of funds. General Fund Summary of Revenues and Expenditures This report provides the General Fund budget to actual status. The information is summarized showing the revenues by major revenue category and expenditures by department/service area. Activity Report by Fund This report lists all the funds and shows the amended budget, the actual activity and the percentage of the budget received or expended both revenues and expenditures. Revenue Detail Report (All Funds) This report provides the status of all revenues in the City comparing actual revenues to the approved budget. The report shows the prior year-to-date (YTD) actual revenues for comparison with the current year. Expenditure Detail Report (All Funds) This report provides the status of all expenditures in the City comparing year to date (YTD) expenditures to the approved budget. The report shows the prior YTD actual expenditures for comparison with the current year. Capital Improvements Project Summary This report provides lists the projects, the authorized budget and the YTD expenditures. The reports are presented based on the general ledger balances as of March 31, As noted in the Good to know section of this report, at the end of fiscal year the accrual basis of accounting is applied to all governmental accounts. As a result, many revenues received or expenditures that occur in July and August are accrued to the month of June to comply with the Generally Accepted Accounting Standard (GAAP) that matches the transaction to the period in which the revenue was earned or the expenditure occurred. Page 1

3 Quarterly Financial Report 9 Months Ended March 31, 2017 General Fund Observations General Fund The General Fund is the largest and most flexible of the City s funds. It is the depository for all of the unrestricted revenues. It is the fund that has the most discretion in expenditures. Major General Fund revenue sources include, property taxes, sales taxes, franchise fees, service fees, and permit fees. The General Fund provides the majority of the services received by the community, which include police services, public works, community services, and general government. The General Fund Overview table provides a snapshot of budgeted revenues compared to the budgeted expenditures. The General Fund original budget was adopted with a contingency of $222,501. The adjusted budget column has been updated for any carryforward budget ($25,000 for training/education) and purchase orders from the prior year ($42,120). These funds were reserved in the prior year and are a part of the audited fund balance reserves. Additionally, $136,608 was carried forward from FY for NPDES permits. Since July 1 st, the City Council has approved budget appropriations decreasing the animal services contract by $150,310, increasing NPDES legal fees by $25,000, and appropriating $20,000 for Environmental Services Contract Services to amend the City s trash contract. The contingency is now projected at $2,490,854, which includes the midyear increases to estimated revenues of $2,715,250 and increases to expenditures of $244,480. The increase in revenue is a result of one-time property tax revenue the City received in a settlement with Los Angeles County. General Fund Revenues 9 Months Ended March 31, 2017 General Fund Overview Adjusted Activity % Revenues 30,519,988 19,386,499 64% Expenditures 28,029,135 19,920,806 71% Excess (Deficit) 2,490,854 (534,307) The General Fund revenues are summarized in the table below with additional discussion on the major revenue categories: Fiscal Year Comparison General Fund Revenues Annual YTD % YTD Change over Adopted Adjusted March 2017 Difference Realized March 2016 % Change Property Taxes 11,863,428 13,935,828 8,880,117 (5,055,711) 64% 5,766,794 3,113,323 54% Sales Taxes 8,345,300 8,792,300 5,314,055 (3,478,245) 60% 4,250,021 1,064,034 25% Franchise/Other Taxes 2,631,500 2,600,000 1,328,842 (1,271,158) 51% 1,375,155 (46,313) -3% Licenses/Permits 1,615,110 1,518,360 1,225,419 (292,941) 81% 1,314,143 (88,724) -7% Fines & Forfeitures 530, , ,231 (182,069) 63% 384,707 (76,476) -20% Money & Property 735, , ,980 (105,620) 86% 489, ,927 29% Intergovernmental 69,000 68,500 53,175 (15,325) 78% 122,637 (69,462) -57% Charges for Services 1,824,800 1,998,800 1,307,652 (691,148) 65% 1,508,696 (201,043) -13% Miscellaneous 32, ,300 90,027 (41,273) 69% 58,974 31,053 53% Transfers In 250, , , % 250,000-0% Total 27,896,738 30,519,988 19,386,499 (11,133,489) 64% 15,520,180 3,866, % A comparison of the adopted vs. adjusted budget shows any adjustments that might have been made since the budget was adopted. The adjusted budget was reduced by $92,000 for animal licenses due to the changes in the new contract terms with SPCA, and increased $2,715,250 in the mid-year budget. Page 2

4 Quarterly Financial Report 9 Months Ended March 31, 2017 A comparison of the Adjusted to the YTD revenues provides an overview of how actual revenues compare to the budget. Tax revenues are not received by the City in monthly installments. The top major three revenues (Property taxes, Sales taxes and Franchise fees) are primarily received in the second half of the year. Comparing the YTD March 2017 revenues versus the YTD March 2016 revenues provides a better indication of whether or not City revenues are improving. General fund revenues in total are higher compared to the same period in the prior fiscal year. Specific changes within the revenue line items will be discussed further below. A comparison of cash received versus the actual (general ledger) amount earned is presented here. This table highlights a typical pattern for revenues among most cities in California. Tax revenues are not received by the City in regular installments. For both property tax and sales tax revenues, the difference between the YTD actual and YTD cash represents the amount accrued to the prior fiscal year. For example, the Sales Tax amounts received by the City in January and February were related to Sales Taxes collected by the vendor and remitted to the State in November and December When the City receives sales tax payments in July and August, they actually represent taxes collected in May and June of the previous fiscal year, and must be accrued to the previous fiscal year. Overall, actual revenues are at 64% of the budget, up 24.9% from the prior year. Below is additional information about the different categories of revenues. Cash basis vs accrual basis observations: For both property tax and sales tax revenues, the cash basis shows similar trends. The difference between the YTD actual and YTD cash represents that amount accrued to the prior fiscal year. Additional information is noted below under property taxes and sales taxes. Property Taxes The City of Glendora receives approximately 10 cents on the dollar through property taxes. Typically, the 9 Months Ended March 31, 2017 FY16 General Fund FY17 YTD FY17 YTD "Cash" "Cash" Property tax 8,880,117 9,165,692 7,316,815 Sales Tax 5,314,055 6,348,775 4,756,908 major receipts of property taxes are in December, April and May. There was a 54% increase in comparison to previous year s receipts, largely due to a one-time property tax settlement from L.A. County for $2.5 million. Sales Taxes The Sales Tax source of revenue is typically responsive to economic circumstances. The City reviews its sales tax 9 Months Ended March 31, 2017 receipts through working with HdL Companies. Sales Tax Received YTD "Cash" "Cash" There was a 25% increase in sales tax January (November sales) 609, ,500 receipts compared to the same time period February (December sales) 812, ,700 last year. This can be attributed to the elimination of the Triple Flip, where the State March (January sales) 728,763 2,150, ,900 1,694,100 previously withheld.25% of sales tax receipts from the City s monthly sales tax remittances, then Page 3

5 Quarterly Financial Report 9 Months Ended March 31, 2017 returned it in January and June as in lieu sales tax. The Triple Flip ended June 30, The City has also seen strong growth in automobile sales and increased building and construction activity. Franchise Taxes/Other The City receives franchise payments from sources like The Gas Company, SCE, Verizon, Time Warner, Athens and Jan s Towing. The Gas Company and SCE typically make their annual payments in April. Licenses/Permits Revenues from licenses and permits fluctuate with the economy, and building and construction. This category of revenues decreased compared to the prior year quarter ending 7% primarily due to the decrease in permits issued involving development projects in the City. Intergovernmental This revenue category captures revenues from other government agencies. In Glendora, this includes the jail maintenance fees received from Irwindale, revenues received from the State of California for Motor Vehicle in Lieu and SB 90 State Mandates. Charges for Services These include police special services, inspections, zoning fees, recreation classes, plan check and other development fees. Transfers In The budget of $250,000 represents the amount paid through the Successor Agency for the administrative costs of managing the dissolution of the Redevelopment Agency/Successor Agency matters. General Fund Expenditures The General Fund expenditures are summarized in the table below by Service Area: Fiscal Year Comparison General Fund Expenditures Annual YTD % YTD Change over Adopted Adjusted March 2017 Difference Realized March 2016 General Administration 1,847,000 1,954,500 1,228, ,402 63% 1,066, ,451 Finance 613, , , ,644 71% 435,929 20,627 Non Departmental 1,385,035 1,167,835 1,076,849 90,986 92% 781, ,503 Police 14,542,750 14,481,840 10,637,760 3,844,081 73% 9,443,573 1,194,187 Planning & Redevelop. 1,147,200 1,186, , ,016 67% 759,980 37,804 Public Works 2,070,800 2,274,263 1,424, ,902 63% 1,110, ,534 Natural Disasters 60,000 60,000 23,684 36,316 39% 99,244 (75,560) Library 1,946,000 2,013,000 1,384, ,726 69% 1,259, ,172 Community Services 4,020,900 4,204,645 2,850,391 1,354,254 68% 2,428, ,205 Transfers 41,052 41,052 41, % 649,156 (608,104) Total 27,674,237 28,029,135 19,920,806 8,108,328 71% 18,033,989 1,886,817 % Increase/(Decrease) Over 10.5% A comparison of the adopted vs. adjusted budget shows any adjustments that might have been made since the budget was adopted. The adjustments of $354,898 include carry- Page 4

6 Quarterly Financial Report 9 Months Ended March 31, 2017 forward budget ($25,000 for training/education), purchase orders from the prior year ($42,120), appropriations for NPDES legal services ($25,000), midyear adjustments and other City Council appropriations. A comparison of the Adjusted to the YTD expenditures shows that all Department expenditures are at or below 75% of the budget with one exception: o Non-Departmental represents debt service payment for the 2009 Pension Obligation Bond that was made in the first quarter. A comparison of the YTD 2017 expenditures to the YTD 2016 expenditures shows that the current year expenditures have increased by 10.5%. The increase is largely due to the entire 2009 Pension Obligation Bond being booked in the month of September, increases in NPDES compliance, and standard increases in salaries and benefits. All Other Fund Types Observations Special Revenue Funds are restricted in nature. This means the funds are restricted by legislation or other external sources. Any deficit variance in the budget typically indicates that there are available resources in the fund balance for projects. Typically, the revenues are received in prior years but the expenditures are budgeted in the current year. In some cases with grants, the expenditures are reimbursed afterwards. Housing Authority Funds The Housing Authority revenues increased due to the City receiving an increase in loan payoffs. Expenditures increased in comparison to last year due to more activity being charged to the department. Successor Agency Funds (SA) In January 2011, the Governor and legislature passed ABx1 26 that eliminated all California redevelopment agencies (RDAs). Effective January 31st, RDAs ceased to exist. Effective February 1st, the Successor Agency was established to carry on the CRA functions. The budget and expenditures are established through the annual Successor Agency budget process and the Recognized Obligation Payment Schedule (ROPs). The ROPs covers a one year period and is approved by the Oversight Board before being submitted to the State Department of Finance (DOF) for final approval. The major transactions in the Successor Agency are debt service payments. Water Enterprise Funds 9 Months Ended March 31, 2017 March 2016 These funds operate similar Water Operations Adjusted to a business. Operations Overview Activity % Activity are funded through fees. The accrual method of accounting is applied throughout the year Revenues Expenditures Excess (Deficit) 16,847,250 16,028, ,717 11,262,210 8,151,859 3,110,351 67% 51% 9,705,885 6,837,973 2,867,913 rather than using the modified accrual accounting method used with the General Fund. Based on the budget overview, both revenues and expenditures have been impacted by water conservation efforts. The decrease in consumptions is resulting in operational savings in transmission and distribution costs. The City has not had a need to purchase water. Page 5

7 Quarterly Financial Report 9 Months Ended March 31, 2017 The construction and capital projects of the water enterprise funds and the City in total can be found on the Capital Improvement Projects Summary within this report. Other Enterprise Funds The other enterprise funds are the Transit System and La Fetra Senior Center. Operations are funded through fees or funding from other agencies. Internal Service Funds These funds provide services to other City funds. Revenues come from charging all of the other funds through an allocation process. Good to know: Government Accounting and ing Most government funds and budgets are managed using a method called modified accrual accounting. This means that the governmental funds are managed on a cash basis throughout the year. At year end, accruals are made to ensure that revenues and expenditures are recorded in the applicable fiscal year in which the transactions occurred. This method applies to all funds (i.e. the General Fund, Special Revenue funds, Housing Authority, Internal Service funds and Successor Agency fund) with the exception of Enterprise funds. To illustrate, revenue is recorded as it is received throughout the year (cash basis). The majority of General Fund revenues come in sporadically throughout the year and most of it is received or accrued in the last 6 months of the fiscal year. Meanwhile, the expenditures are continuing each month regardless of when the revenues are received. This circumstance highlights the importance of maintaining a reserve that allows for cash flow needs during the lean months when there are no revenues. The Enterprise Funds are considered like a business. The accrual method of accounting is used. These business type funds charge customers a fee to cover the cost of services that are provided. This method applies to the Water Fund, Transit System and La Fetra funds. Page 6

8 City of Glendora All Fund Types 75% of Fiscal Year Complete Revenue Summary Description Amended Estimated Revenue YTD % Increase/ (Decrease) Over General Fund 30,519,988 19,386, % 15,520,180 3,866,319 Special Revenue 7,452,339 5,595, % 5,678,604 (83,592) Housing Authority 143, , % 94,798 57,956 Successor Agency 4,551,696 2,940, % 2,542, ,938 Water Enterprise 20,040,050 11,545, % 10,664, ,874 Other Enterprise 1,454,800 1,166, % 859, ,874 Internal Service 5,015,095 3,800, % 3,552, ,517 Total All Revenues 69,177,343 44,588, % 38,913,183 5,674,886 Expense Summary Description Amended YTD % Increase/ (Decrease) Over General Fund 28,029,135 19,920, % 18,033,989 1,886,817 Special Revenue 13,717,502 6,074, % 4,481,407 1,593,488 Housing Authority 250, , % 143,236 22,636 Successor Agency 4,463,096 4,432, % 4,383,084 49,063 Water Enterprise 27,919,294 12,620, % 10,551,721 2,068,564 Other Enterprise 1,537,510 1,078, % 771, ,445 Internal Service 6,599,665 3,735, % 4,064,076 (328,404) Total All Expenses 82,516,901 48,027, % 42,429,136 5,598,610

9 City of Glendora General Fund 75% of Fiscal Year Complete Revenue Summary by Category Description Estimated Revenue YTD % Increase/ (Decrease) Over Taxes 25,328,128 15,523, % 11,391,970 4,131,045 Licenses & Permits 1,518,360 1,225, % 1,314,143 (88,724) Fines & Forfeitures 490, , % 384,707 (76,476) Money & Property 734, , % 489, ,927 Intergovernmental 68,500 53, % 122,637 (69,462) Charges for Services 1,998,800 1,307, % 1,508,696 (201,043) Miscellaneous 131,300 90, % 58,974 31,053 Transfers In 250, , % 250,000 - Total General Fund 30,519,988 19,386, % 15,520,180 3,866,319 % Revenue Increase / (Decrease) Over 24.9% Expenditure Summary by Service Area Description Amended YTD % Increase/ (Decrease) Over General Administration 1,954,500 1,228, % 1,066, ,451 Finance 645, , % 435,929 20,627 Non-Departmental 1,167,835 1,076, % 781, ,503 Police 14,481,840 10,637, % 9,443,573 1,194,187 Planning & Redevelopment 1,186, , % 759,980 37,804 Public Works 2,274,263 1,424, % 1,110, ,534 Natural Disasters 60,000 23, % 99,244 (75,560) Library 2,013,000 1,384, % 1,259, ,172 Community Services 4,204,645 2,850, % 2,428, ,205 Transfers 41,052 41, % 649,156 (608,104) Total General Fund 28,029,135 19,920, % 18,033,989 1,886,817 % Revenue Increase / (Decrease) Over 10.5%

10 Revenues City of Glendora Activity Report by Fund March 2017 Expenditures Fund # FUND NAME Adopted Revenue & Transfers In Amendments Amended Revenue Revenues YTD % Adopted Expenditures & Transfers Out Amendments Amended Expenditure Expenditures YTD Encumbrances Outstanding Expenditures YTD + Encumbrances % The General Fund 001 General Fund 27,896,738 2,623,250 30,519,988 19,386, % 27,686, ,897 28,029,134 19,920, ,372 20,601, % Special Revenue Funds 202 Street Lighting Asmt. Dist. 364, , , % 358, , , , % 202A Street Improvement Asmt. Dist % B Landscape Maint Asmt. Dist. 46,442-46,442 27, % 48,473-48,473 39,781 8,440 48, % 203 TDA/Bikeway 90,206-90, % 90,206-90, % 205 Gas Tax 1,061,335 (44,809) 1,016, , % 1,127, ,322 1,263, , , , % 206 Parks Development 702,500 (197,500) 505, , % 167,500 1,249,087 1,416, , , , % 207 Grant Fund 163,031 (48,740) 114,291 88, % 1, , ,531 91,976-91, % 208 Asset Forfeiture 457, , , , % 827, ,594 1,305,994 1,081,937 65,650 1,147, % 209 Prop A Transit 950,920 1, , , % 1,010, ,500 1,113,420 1,031,695 21,799 1,053, % 210 Suppl. Law Enforcement (COPS) 92,064 23, , , % 91,600 3,300 94,900 73,100-73, % 211 Prop C Transit 789,627 5, , , % 937,880 1,236,313 2,174, ,711 91, , % 212 Housing and Comm Dev (CDBG) 311, , , , % 311,575 89, , ,010 40, , % 213 HOME-State Grant Fund % Used Oil Block Grant 14,350 4,700 19,050 19, % 16,799 15,000 31,799 6,605 4,738 11, % 215 Air Quality Improvement (AQMD) 64,700-64,700 32, % 30,500-30,500 13,445-13, % 217 Prop A Operations 39,800 82, ,800 91, % 86,100-86,100 57,235-57, % 218 Prop 1C Cal-Home Housing % Prop IB Local Streets & Roads % 50,674 50, % 221 STPL Street Construction 1, , , , % - 384, , , , % 222 Measure R Transportation ,772 3, , , % 651,700 15, , , , , % 228 Beverage Container Rec. Grant ,500 13, % 13,410 4,910 18,320 4,806 1,440 6, % 229 Library Grants 138,000 18, ,500 62, % 137, ,300 53,837-53, % 230 (PEG) Public, Educ. and Govt TV. 101,750 2, ,750 73, % 386,400 72, , ,168 33, , % 231 (BID) Business Improvement Dist. 100, ,350 42, % 109, ,000 64,361 22,788 87, % 244 State AB109 Realignment 85,800 8,000 93, , % 125, ,200 94,472-94, % 254 STEP OTS Grant ,000 (6,648) 173, , % 38,325 89, ,651 84,958-84, % 260 Plan Maintenance Fee - 110, , , % - 103, ,500 26,946-26, % 285 Affordable Housing 10,000 10,000 20,000 17, % 172,300 1, ,900 62,375-62, % Special Revenue Funds - Subtotal 6,367,015 1,015,149 7,382,164 5,524, % 6,740,538 4,143,037 10,883,575 5,804,396 1,178,748 6,983, % Capital Projects Fund 321 Capital Projects ,600 2,303,030 2,842, , , , % 405 Energy Efficient Project 70,175-70,175 70, % 70,175 95, ,198 70,175 78, , % Capital Projects Fund - Subtotal 70,175-70,175 70, % 609,775 2,398,053 3,007, , , , % Enterprise Funds 530 Water Capital Projects 3,050, ,800 3,192, , % 3,386,400 8,504,361 11,890,761 4,468,427 3,641,930 8,110, % 531 Water Operations 19,829,900 (2,982,650) 16,847,250 11,262, % 15,838, ,548 16,028,533 8,151, ,442 8,555, % 533 Transit System - Bus Operations 1,406,800-1,406,800 1,125, % 1,406,800 73,110 1,479,910 1,041, ,014 1,242, % 534 La Fetra Senior Center 25,500 22,500 48,000 41, % 48,300 9,300 57,600 37,027 1,884 38, % Enterprise Funds - Subtotal 24,312,200 (2,817,350) 21,494,850 12,712, % 20,680,485 8,776,319 29,456,804 13,698,354 4,248,270 17,946, %

11 Revenues City of Glendora Activity Report by Fund March 2017 Expenditures Fund # FUND NAME Adopted Revenue & Transfers In Amendments Amended Revenue Revenues YTD % Adopted Expenditures & Transfers Out Amendments* Amended Expenditure Expenditures YTD Encumbrances Outstanding Expenditures YTD + Encumbrances % Internal Service Funds 541 Workers Compensation 762, , , % 960,900 6, , ,277 8, , % 542 Liability Insurance 1,683,200-1,683,200 1,272, % 1,682,500 2,900 1,685,400 1,068, ,068, % 548 Technology 1,417,400 10,400 1,427,800 1,054, % 1,416, ,807 1,951,407 1,275, ,877 1,389, % 549 Vehicles 1,121,000 20,000 1,141, , % 1,680, ,558 1,995, , ,035 1,615, % Internal Service Funds - Subtotal 4,984,595 30,400 5,014,995 3,800, % 5,740, ,065 6,599,665 3,735, ,875 4,608, % Total City Funds 63,630, ,449 64,482,172 41,494, % 61,457,635 16,519,370 77,977,005 43,492,102 7,583,621 51,075, % The Glendora Housing Authority 290 Housing Authority 20, , , , % 141, , , ,872 4, , % Total City & Housing Authorit 63,651, ,449 64,625,547 41,647, % 61,598,835 16,628,870 78,227,705 43,657,975 7,587,901 51,245, % Fiduciary Funds - The Glendora CRA Successor Agency 400 Redev. Oblig. Retirement (RORF) 2,503,092-2,503, , % 2,409,676 4,816 2,414,492 2,383,543-2,383, % 491 Debt Service CRA # 1 2,048,604-2,048,604 2,048, % 2,048,604 2,048,604 2,048,604-2,048, % Total Successor Agency 4,551,696-4,551,696 2,940, % 4,458,280 4,816 4,463,096 4,432,147-4,432, % Grand Total - ALL FUNDS 68,202, ,449 69,177,243 44,588, % 66,057,115 16,633,686 82,690,801 48,090,122 7,587,901 55,678, %

12 Expenditures Detail Report At March 31, % of Fiscal Year Complete Current Year Current Vs. Amended YTD % of YTD $ % Fund & Description Variance Variance THE GENERAL FUND (001) City Council 114,900 81, % 75,728 5, % City Clerk 371, , % 225,000 12, % Municipal Elections 159,900 3, % 108 3, % Public Information 121,300 88, % 81,984 6, % City Attorney 180,000 99, % 99, % City Manager 323, , % 203,654 44, % Economic Development 192, , % 102,794 18, % Human Resources 490, , % 278,294 69, % Finance 645, , % 435,929 20, % Non-Departmental 1,167,835 1,076, % 781, , % Police Administration 2,688,800 1,951, % 1,781, , % Patrol 7,596,100 5,561, % 4,764, , % Investigation 2,075,300 1,551, % 1,389, , % Traffic Control 669, , % 443,312 46, % DARE/SRO 207, , % 140,149 11, % Information Systems 5,000 1, % 2,074 (485) -23.4% Records 542, , % 389,382 29, % Jail Maintenance 422, , % 291,539 28, % Animal Control 152, , % 187,297 (60,472) -32.3% Emergency Preparedness - 0.0% % Community Preservation 121,850 63, % 54,044 9, % Planning Administration % 217,681 (217,681) % Planning 781, , % 293, , % Successor Agency 293, , % 205,512 8, % Environmental Services 112,400 47, % 43,743 3, % Public Works Administration 615, , % 393,110 32, % Streets 24,500 15, % 8,891 6, % Building 640, , % 369,212 58, % Engineering 171, , % 68,409 34, % Facilities Maintenance 360, , % 207,885 30, % NPDES 462, , % 63, , % Operating Grants 60,000 23, % 99,244 (75,560) -76.1% Library Administration 926, , % 575,824 45, % Circulation/Technical Srvcs 457, , % 283,184 27, % Youth Services 201, , % 138,201 10, % Adult Services 427, , % 261,893 42, % Community Services Administration 936, , % 628,694 63, % Parks 1,134, , % 567, , % Recreation 722, , % 498,482 (23,527) -4.7% Street Trees 656, , % 309,832 49, % Human Services 434, , % 242,500 79, % Teen Center 321, , % 180,882 53, % Transfers 41,052 41, % 649,156 (608,104) -93.7% Total General Fund 28,029,135 19,920, % 18,033,989 1,886, % \\neo\finance\monthly Financial Reports\FY 16-17\Quarterly Reports\3 - Mar 2017\Financial Performance at /Expenditure Status

13 Expenditures Detail Report At March 31, % of Fiscal Year Complete Current Year Current Vs. Amended YTD % of YTD $ % Fund & Description Variance Variance SPECIAL REVENUE FUNDS STREET LIGHTING ASSESSMENT (202) Public Works Admin 11,200 4, % 8,139 (3,200) -39.3% Public Works Streets 347, , % 229,423 (17,354) -7.6% Total Special Assessments 358, , % 237,562 (20,554) -8.7% LANDSCAPE ASSESSMENT (202B) CSD Street Trees 48,473 39, % 42,196 (2,415) -5.7% Total Landscape Assessment 48,473 39, % 42,196 (2,415) -5.7% TDA/BIKEWAY (203) CIP Curb & Sidewalk Replacement 90, % % Total TDA 90, % % GAS TAX (205) PW Streets 936, , % 524,462 86, % CSD Street Trees 158,100 95, % 101,762 (6,434) -6.3% Capital Projects 168,022 14, % 4,800 9, % Total Gas Tax 1,263, , % 631,024 89, % PARK & REC. FACILITIES (206) CSD Parks % % Capital Projects 1,416, , % 42, , % Total Park & Rec. Facilities Fund 1,416, , % 42, , % GRANT FUND (207) Police Bullet Proof Vest - 4, % - 4, % ABC Grant 35,031 11, % - OTS Grant 76,500 76, % 25,365 50, % Total Grant Fund 111,531 91, % 25,365 55, % ASSET FORFEITURE FUND (208) Patrol 369, , % 380,352 (32,112) -8.4% Police Administration 35,000 35, % 18,167 16, % Investigations 237, , % 182,262 26, % Traffic 1,840 1, % 1, % Info Systems 94,654 63, % 66,163 (2,593) -3.9% Capital Projects 567, , % 14, , % Total Asset Forfeiture 1,305,993 1,081, % 663, , % \\neo\finance\monthly Financial Reports\FY 16-17\Quarterly Reports\3 - Mar 2017\Financial Performance at /Expenditure Status

14 Expenditures Detail Report At March 31, % of Fiscal Year Complete Current Year Current Vs. Amended YTD % of YTD $ % Fund & Description Variance Variance PROPOSITION A TRANSIT FUND (209) Finance Dept % % CSD Public Transit 90,500 51, % 65,347 (13,518) -20.7% Transfers to Other Funds 860, , % 745, , % Capital Projects 162, % % Total Prop A Transit Fund 1,113,420 1,031, % 810, , % SUPPLEMENTAL LAW ENFORCEMENT (210) Information Systems 94,900 73, % 34,105 38, % Total Supp Law Enforcement 94,900 73, % 34,105 38, % PROPOSITION C TRANSIT FUND (211) Finance Dept % % Public Transit % % Transfers to Other Funds 524, , % - 123, % Capital Projects 1,650, , % 15, , % Total Prop C Fund 2,174, , % 15, , % COMMUNITY DEVELOPMENT BLOCK GRANT FUND (212) CDBG Public Services % 17,399 (17,399) % General Admin 136,329 92, % 30,568 61, % Capital Projects 265, , % 9, , % Total CDBG Fund 401, , % 57, , % USED OIL BLOCK GRANT FUND (214) Environmental Services 31,799 6, % 4,153 2, % Total Used Oil Grant Fund 31,799 6, % 4,153 2, % AIR QUALITY IMPROVEMENT FUND (215) Finance 2,200 1, % 8,247 (6,843) -83.0% Public Transit 28,300 12, % 111,751 (99,710) -89.2% Total Air Quality Impr Fund 30,500 13, % 131,660 (118,216) -89.8% PARK PROPOSITION A OPERATIONS FUND (217) Parks 4, % 1,636 (1,636) % Human Services % % Teen Center 82,100 57, % 46,703 10, % Capital Projects % % Total Park Prop A Fund 86,100 57, % 48,339 8, % PROP 1B LOCAL STREETS (219) Capital Projects 50, % % Total Prop 1B Local Streets 50, % % \\neo\finance\monthly Financial Reports\FY 16-17\Quarterly Reports\3 - Mar 2017\Financial Performance at /Expenditure Status

15 Expenditures Detail Report At March 31, % of Fiscal Year Complete Current Year Current Vs. Amended YTD % of YTD $ % Fund & Description Variance Variance SURFACE TRANS PROG - STPL (221) Capital Projects 384, , % - 366, % Total Surface Trans Prog - STPL 384, , % - 366, % MEASURE R (222) Streets 506, , % 328,435 36, % Parks 11,300 5, % 2,108 3, % Capital Projects 150, % % Total Measure R 667, , % 330,543 40, % BEVERAGE RECYCLING GRANT (228) Environmental Services 18,320 4, % 3,383 1, % Total Beverage Recycling Grant 18,320 4, % 3,383 1, % LIBRARY GRANTS (229) Library Admin 137,300 53, % 84,410 (30,573) -36.2% Total Library Grants 137,300 53, % 84,410 (30,573) -36.2% PEG CABLE TV (230) Public Information 60,200 21, % 27,018 (5,685) -21.0% Capital Projects 398, , % - 101, % Total PEG Cable TV 458, , % 27,018 96, % GLENDORA VILLABE BUSINESS DIST (231) Glendora Village Business District 109,000 64, % 85,137 (20,776) -24.4% Total Glendora Village Bus Dist 109,000 64, % 85,137 (20,776) -24.4% STATE AB109 REALIGNMENT (244) Operating Cont. & Grants 125,200 94, % 84,361 10, % Total State AB109 Realignment 125,200 94, % 84,361 10, % STEP OTS GRANT (254) Operating Cont. & Grants 57,651 57, % 65,611 (7,960) -12.1% OTS Grants 70,000 27, % 86,629 (59,321) -68.5% Total STEP OTS Grant 127,651 84, % 152,240 (67,282) -44.2% PLAN MAINTENANCE FEES (260) Building Contract Services 103,500 26, % - 26, % Total STEP OTS Grant 103,500 26, % - 26, % \\neo\finance\monthly Financial Reports\FY 16-17\Quarterly Reports\3 - Mar 2017\Financial Performance at /Expenditure Status

16 Expenditures Detail Report At March 31, % of Fiscal Year Complete Current Year Current Vs. Amended YTD % of YTD $ % Fund & Description Variance Variance CAPITAL PROJECTS FUND (321) Planning 542,441 60, % 91,341 (30,987) -33.9% Library Administration 20,500 11, % - 11, % Parks 17,846 1, % 55,154 (53,476) -97.0% Non-Departmental 25,000 24, % - 24, % Capital Projects 2,236, , % 745,533 (580,959) -77.9% Total Capital Projects Fund 2,842, , % 892,028 (629,328) -70.6% ENERGY EFFICINCY PROJECT (405) Long Term Principal 47,280 47, % 42,916 4, % Interest Expense 22,895 22, % 24,017 (1,122) -4.7% Irrigation Control Upgrade 95, % 11,881 (11,881) % Total Energy Efficiency Project 165,198 70, % 78,814 (8,639) -11.0% Total Special Revenue Funds 13,717,502 6,074, % 4,481,407 1,582, % ENTERPRISE FUNDS WATER CAPITAL PROJECTS FUND (530) Parks 4,044 3, % 288,834 (284,847) -98.6% Street Trees 417,122 85, % 880,656 (795,397) -90.3% Engineering 78,600 52, % 53,004 (404) -0.8% Capital Projects 11,390,996 4,326, % 2,491,254 1,835, % Total Water Capital Projects Fund 11,890,761 4,468, % 3,713, , % WATER OPERATIONS FUND (531) City Council 27,800 21, % 20,002 1, % City Clerk 78,300 46, % 43,745 2, % City Manager 139,100 77, % 90,425 (12,521) -13.8% Human Resources 100,300 69, % 82,431 (12,983) -15.8% Finance 662, , % 437,339 51, % Non-Department 2,173,862 2,159, % 842,224 1,317, % Police Community Preservation 8,000 5, % 4, % Public Works Administration 308, , % 221,622 13, % Streets 264, , % 145,114 36, % Building 52,300 38, % 34,575 4, % Engineering 570, , % 333,791 85, % Maintenance 28,700 20, % 19, % Water Administration 1,266, , % 710, , % Water Customer Service 595, , % 381,911 (44,020) -11.5% Water Conservation 559, , % 826,303 (543,075) -65.7% Water Transmission/Distribution 6,099,682 2,833, % 2,589, , % Parks 49,100 34, % 21,226 13, % Street Trees 15,200 10, % 4,593 5, % Other Financing Uses 3,029,123 29, % 27,777 1, % Subtotal Operations 16,028,533 8,151, % 6,837,973 1,313, % Total Water Operations Fund 16,028,533 8,151, % 6,837,973 1,313, % \\neo\finance\monthly Financial Reports\FY 16-17\Quarterly Reports\3 - Mar 2017\Financial Performance at /Expenditure Status

17 Expenditures Detail Report At March 31, % of Fiscal Year Complete Current Year Current Vs. Amended YTD % of YTD $ % Fund & Description Variance Variance TRANSIT FUND (533) Finance 2,000 1, % 1, % Non-Departmental 11,100 11, % 16,413 (5,346) -32.6% CSD Public Transit 1,451,810 1,028, % 738, , % Capital Projects 15, % % Total Transit Fund 1,479,910 1,041, % 755, , % LA FETRA CENTER FUND (534) Human Services 57,600 28, % 15,828 12, % Capital Projects - 9, % - 9, % Total La Fetra Fund 57,600 37, % 15,828 21, % Total Enterprise Funds 29,456,804 13,698, % 11,323,344 2,375, % INTERNAL SERVICE FUNDS WORKERS' COMPENSATION (541) Human Resources 77,400 56, % 45,787 10, % Finance 15,300 11, % 10, % Risk Management 875, , % 473,726 (16,143) -3.4% Total Workers' Compensation Fund 967, , % 530,054 (4,777) -0.9% LIABILITY INSURANCE (542) Human Resources 77,400 56, % 45,652 10, % Finance 2,600 1, % 1, % Risk Management 1,605,400 1,010, % 1,238,610 (228,449) -18.4% Total Liability Insurance Fund 1,685,400 1,068, % 1,285,803 (217,346) -16.9% TECHNOLOGY (548) Finance 33,100 24, % 22,784 1, % Information Systems 1,167, , % 540, , % Police Info Systems 401, , % 334,085 (73,351) -22.0% Capital Projects 349, , % - 322, % Total Information Systems Fund 1,951,407 1,275, % 897, , % VEHICLES (549) Finance 5,600 4, % 3, % Vehicles Operations 1,917, , % 1,347,224 (484,370) -36.0% Capital Projects 72, % % Total Vehicles Fund 1,995, , % 1,350,692 (483,827) -35.8% TOTAL INTERNAL SRVC 6,599,665 3,735, % 4,064,076 (328,404) -8.1% \\neo\finance\monthly Financial Reports\FY 16-17\Quarterly Reports\3 - Mar 2017\Financial Performance at /Expenditure Status

18 Expenditures Detail Report At March 31, % of Fiscal Year Complete Current Year Current Vs. Amended YTD % of YTD $ % Fund & Description Variance Variance Affordable Housing (FUND 285) City Manager 16,600 11, % - 11, % Finance 17,700 12, % - 12, % Planning 55,400 37, % - 37, % Environmental Services 84, % %. Total Affordable Housing Fund 173,900 62, % - 62, % GLENDORA HOUSING AUTHORITY (FUND 290) Housing Authority 193, , % 143,236 (19,062) -13.3% City Manager 32,200 23, % - 23, % Finance 25,100 18, % - 18, % Total Glendora Housing Authority 250, , % 143,236 22, % OBLIGATION RETIREMENT - RORF (400) Planning, CRA, Housing 115,888 84, % 39,504 45, % Transfer to General Fund 250, , % 250, % Transfer to Debt Service 2,048,604 2,048, % 2,046,790 1, % Total Obligation Retirement - RORF 2,414,492 2,383, % 2,336,294 1, % OBLIGATION PAYMENTS CRA #1 (FUND 491) Debt Service Interest 743, , % 801,790 (58,186) -7.3% Debt Service Long Term Principal 1,305,000 1,305, % 1,245,000 60, % Total Obligation Payments CRA #1 2,048,604 2,048, % 2,046,790 1, % Total Successor Agency Funds 4,463,096 4,432, % 4,383,084 71, % GRAND TOTAL ALL FUNDS 82,690,801 48,090, % 42,460,573 5,649, % \\neo\finance\monthly Financial Reports\FY 16-17\Quarterly Reports\3 - Mar 2017\Financial Performance at /Expenditure Status

19 Capital Improvement Projects Summary Report At March 31, % of fiscal year complete Amended YTD Expenditures % Funding Source + Encumbrances Spent Gas Tax Fund (205) Wabash Ave, Leadora Ave 60,000 35, % Street Paving Program - Local Streets 18,022 14, % Traffic Signal Continuing Upgrade 90,000 90, % Total Gas Tax Fund 168, , % Parks Development Fund (206) Youth Center Flooring 15, % Legion Buildng Renovation 34,000 22, % Tennis Court Resurfacing 47,500 28, % La Fetra Center Furniture 38,000 24, % La Fetra Center Patio 33, % Big Tree Park* 20,388 20, % Passive Park 213, % Prefab Restrooms - Finkbiner 955, , % Total Park Development Fund 1,356, , % Asset Forfeiture Fund (208) Park Facilities Security 137, % Total Asset Forfeiture Fund 137, % Proposition C Transit Fund (211) Lone Hill Ave Street Improvements (Phase 1) 475, % Leadora to Sierra Madre Street Improvement* 242, , % Traffic Signal Battery Backup 76,596 62, % Lorraine Avenue Street Improvement 765, % Traffic Signal Cont Upgrade 90,000 78, % Bennett to Leadora Rehabilitation Project - 31, % Total Proposition C Transit Fund 1,650, , % Community Development Block Grant Fund (212) Plymouth Ave Street Improvements 265, , % Total Community Development Block Grant Fund 265, , % Prop 1B Local Streets Fund (219) Amelia Ave. Street Improvement 50, % Total Prop 1B Local Streets Fund 50, % Surface Trans Prog - STLP Fund (221) Baseline Grand to Glendora 384, , % Total Surface Trans Prog - STLP Fund 384, , % *Project is completed and closed. **Project is completed or closed with a remaining balance, which will be returned to fund balance.

20 Capital Improvement Projects Summary Report At March 31, % of fiscal year complete Amended YTD Expenditures % Funding Source + Encumbrances Spent Measure R Fund (222) Leadora Ave Street Improvements 70,000 70, % Bennett Ave Street Improvements 80,000 80, % Total Measure R Fund 150, , % Capital Projects Fund (321) Server Room Improvements 46,000 25, % Finance Cubicle Partitions* 46,000 51, % Big Dalton House Rehab 100,000 3, % Library Public Restroom Renovation 65,000 64, % Parks Facilities Security System 125, , % Speed Survey 40,000 39, % Auto Center Street Improvement 200, % Library Admin Equipment 20,500 11, % Finance/City Clerk Remodel* 10,249 10, % Police Department HVAC 25, % Library Deck Water-proofing 4,421 3, % Library Automatic Door Replacement* 40,480 37, % San Dimas Wash Urban Trail 520,021 51, % Alley Rehabilitation Program 47, % Amelia Ave Street Improvement 819, % Passive Park 72,933 35, % Total Capital Projects 2,182, , % Energy Efficiency Project (405) Irrigation Control Upgrade 95,023 78, % Total Energy Efficiency Project 95,023 78, % Water Capital Projects Fund (530) Sierra Madre Reservoir Rehabilitation 2,800, % Country Club Dr Emergency Repair 601, , % Big Dalton Spreading Grounds Improvements 10, % Emergency Generator Replacements 500, , % Water Main Replacements 2,029,604 1,310, % Route 66 to Country Club 819, , % Sierra Madre Avenue Transmission 134,831 13, % Well 10 Improvements 150, % Well 7 Sampling Study 125, % Country Club Reservoir 2,562,226 2,381, % Zone 4 Reservoir 252, , % Meter Replacements 1,404,884 2,422, % Total Water Capital Projects 11,390,996 7,816, % Grand Total All Projects 17,831,382 10,651, % *Project is completed and closed. **Project is completed or closed with a remaining balance, which will be returned to fund balance.