City of Mountlake Terrace. Fourth Quarter 2014 Financial Report April 2, 2015
|
|
- Nathaniel Phillips
- 5 years ago
- Views:
Transcription
1 City of Mountlake Terrace Fourth Quarter 2014 Financial Report April 2,
2 Overview Reviewing the City s finances on a regular basis, and posting the review on the City s website, highlights the City Council s goals of: Protect and Enhance the City s Financial Health and Stability; Develop and Implement more effective Communication and Outreach with the Community Maintain appropriate and essential Public Services in a cost effective manner The City remains on target with the Six-Year Financial Forecast to continue providing cost-effective services, programs and projects for the community; This has been accomplished through the City Council s adherence to a practice of living within our financial means. 2
3 Overview (continued) Tonight s review looks at several of the City s funds in terms of their performance during the year and the fourth quarter. General Fund Street Operating Fund Recreation Fund Fleet Management Fund Hotel/Motel Tax Fund Solid Waste Service Fund Enterprise Funds Water Utility Fund Wastewater Utility Fund Storm Water Utility Fund Capital Funds Real Estate Excise Tax Fund Street Construction Fund Capital Improvement Fund 3
4 General Fund General Fund revenues are used to pay for the following programs: City Council City Manager Administrative Services Community & Economic Development Fire (contracted through Fire District 1) Municipal Court (contracted through Snohomish County) Parks & Property Management Police 4
5 General Fund (continued) Revenues in the General Fund: Property Tax-General Property Tax-EMS Sales Tax Legislative Backfill Utility Tax-Gas Utility Tax-Garbage Utility Tax/ Franchise-Cable Utility Tax-Telephone Utility Tax-Electric Utility Tax-Water/Sewer/Storm Admission Tax-Theatre Gambling Tax-Bingo/Pulltabs Gambling Tax-Mini Casino Business Licenses Building Permits Engineering Fees Planning, Zoning, Subdivision Permits Animal License Liquor Excise Tax Liquor Board Profits Criminal Justice Funds Grants Payments from Other Governments PUD Privilege Tax Golf Course Contract Emergency Medical Service Transport Solid Waste Admin Fee Off duty Officers Reimbursement Home Detention Records Charge Passports Other Charges for Service Fines and Forfeitures 5
6 General Fund (continued) Sales Tax Collections for the year came in at $156,000 over the budget, and close to the $2.2 million forecasted. Total sales tax collected in 2014 was $2,155,592. Sales tax from construction activities accounted for 17% of the total sales tax and sales tax from retail trade accounted for 29%. The highest sales tax payer for the year was a construction company. Gambling Tax Revenues were under budget for the year due to the closing of the Palace Casino in 2013 and lower revenues from the other 2 casinos. Gambling tax revenues totaled $908,734 for the year, or 73% of the $1,239,000 annual budget. The forecasted amount was $1.1 million. Development Services Fees totaled $616,659 or 75% of the Revised Budget of $820,000. Engineering fee revenues were below projections. Cable and Solid Waste Franchise fees totaled $695,560, or 120% of budget. This was because of the one time increase in fees from the City s Solid Waste Service provider. 6
7 New Developments Have Increased Jobs, Sales Tax, and Development Fee Revenues in Mountlake Terrace 7
8 General Fund (continued) $15,000,000 $14,800,000 $14,600,000 Fourth Quarter General Fund Operating Revenues $14,400,000 Fourth Quarter $14,200,000 $14,000,000 $13,800,
9 General Fund Operating Expenditures $15,500,000 Fourth Quarter $15,000,000 $14,500,000 $14,000,000 Fourth Quarter $13,500,000 $13,000,000 $12,500,
10 General Fund (continued) The Ending Fund Balance at the end of the Fourth Quarter of 2014 totaled $699,884. This is $543,268 below the Revised Budgeted Ending Fund Balance The decrease is a direct result of accounting for the 2013/2014 retroactive invoice from Fire District One for $511,014. The Fund Balance will be replenished over the next two years as there will be a budget savings of $255,507 in 2015 and in 2016 as the invoice was already expensed in The invoice will be paid in quarterly installments through the end of
11 Street Operations Fund The Street Fund covers the maintenance of the City s public right-of-ways: More than 60 miles of City streets 400 City-owned street lights 15 traffic signals 3,000 signs 50 miles of sidewalk Numerous crosswalks and other pavement markings Vegetation maintenance for more than 19 miles of planting strips and brush control along unimproved right-of-ways. 11
12 Street Operations At Work 12
13 Street Operations Fund (continued) Street Fund Operating revenues are at 98% of the 2014 budget as of the end of the Fourth Quarter. Street Operating Fund expenditures were 83% of the total 2014 budget at the end of the Fourth Quarter. The General Fund transferred $174,727 or just 58% of the 2014 Operating Transfers Budget to the Street Fund for the year. 13
14 Recreation Fund The Recreation Fund covers the revenues and expenditures of the City s award-winning recreation services, including Aquatics, Athletics/Fitness, Youth and General Recreation Programs. The Fund has a target of recovering 85 percent of its overall cost through user fees; the remaining 15 percent of the cost for recreation programs is funded by the General Fund The Recreation Fund ended the year with an 80% Cost Recovery. Due to lower revenues than forecasted, the General Fund transfer to the Recreation Fund was $72,878 over the budgeted transfer of $508,340, totaling $581,
15 Recreation Fund, continued Youth Program Revenues at 103% of Revised Budget Aquatics Revenues Totaled $1,157,720 or 72% of the Revised Budget 15
16 Fleet Management Fund The Fleet Management Fund charges other City funds for the cost of maintaining, repairing and replacing vehicles and equipment. Because this fund receives its revenue from other funds within the organization (e.g., the Storm Water Fund pays the Fleet Management Fund to repair the street sweeper), Fleet Management is referred to as an Internal Service Fund. The Fleet Management Fund also receives revenue for maintaining vehicles for the City of Shoreline. 16
17 Fleet Management Fund 17
18 Fleet Management Fund (continued) Revenues in the Fleet Management Fund through the Fourth Quarter were at 93% of the 2014 Revised Budget. Revenues include $55,396 from the City of Shoreline for the maintenance of their vehicles. Operating Expenditures totaled 88% of the 2014 Revised Budget at the end of the Quarter., with significant savings for fuel costs. These savings were used to fund vehicle and equipment purchases. 18
19 Hotel/Motel Tax Fund Hotel/Motel Tax Revenues exceeded the Revised 2014 Budget by $6,442. A positive sign that the local economy is improving 19
20 Solid Waste Service Fund This Fund is funded by solid waste utility taxes and pays for lower income resident s garbage bills. Expenditures decreased from previous years and were $9,400 below the 2014 Revised Budget, as few residents qualified for the program. A positive sign that the local economy is improving 20
21 Enterprise (Utility) Funds These are funds with revenues from user rates and fees. Like a business enterprise, these funds cover their own costs, without help from outside funds. By and large, under Washington law these revenues cannot be used to subsidize programs other than those related to the utility. The City operates three utilities: Storm Water Sewer Water Rates in each utility are made up of three components: The first portion covers maintaining and operations; A second portion pays debt on funds previously borrowed to make repairs and upgrades; and The last portion of rates goes towards replacing and upgrading the system. 21
22 Storm Water Utility Fund The Storm Water Utility Fund covers the cost of maintaining the natural and developed storm and surface water conveyance system. These actions come about under regulatory requirements through the National Pollution Discharge Elimination System (NPDES) Phase II permit issued by the Washington State Department of Ecology. Work includes: Public education and outreach Inspection of commercial and multifamily housing sites for proper operation and maintenance of storm water treatment and control facilities Identification of illicit discharges to the storm water system Spill cleanup response for accidental discharges Water quality monitoring for Lake Ballinger 22
23 Storm Water Utility Fund (continued) Storm Water Operating Revenues totaled $1,798,154 or 99% of the Revised 2014 Budget through the end of the Fourth Quarter. Revenues include a $74,994 regional storm water utilization fee from Vineyard Park. This represents a pro-rated share of the Town Center Regional Storm Water Facility. Storm Water Operating Expenses totaled 91% of the Revised 2014 Budget at the end of the Fourth Quarter. Operating Revenues exceeded Operating Expenses by $101,308. These funds will be used to fund future Storm Water Capital Projects and Debt Service. The Ending Fund Balance of $3,194,297 includes $2,307,419 of unspent bond proceeds to be used for capital projects. 23
24 Storm Water Utility Fund Operating Revenues $2,000,000 $1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $- Fourth Quarter Fourth Quarter 24
25 Sewer Utility Fund The Sewer Utility Fund covers the expense of providing sanitary sewer service to the community. 70 miles of mains 30 miles of laterals Four lift stations 1,400 manholes The majority of sewer treatment services are provided by the Wastewater Treatment Plant in Edmonds, of which Mountlake Terrace is part-owner. Smaller amounts of wastewater flows to King County METRO via Brier and Shoreline. The Sewer Utility Fund is also the funding source for capital improvements to the City s wastewater collection system, and for the City s share of the cost of capital improvements to the Wastewater Treatment Plant. 25
26 Sewer Utility Fund (continued) Revenues Sewer service revenues are at 102% of the Revised 2014 Budget as of the end of the Fourth Quarter. Other sewer revenues, which include connection fees for new developments, have exceeded the annual budget by $133,064 at the end of the year, due to new developments in the City. Expenditures Sewer operating expenses, total 89% of the Revised 2014 Budget at the end of the Fourth Quarter. Operating Revenues exceed Operating Expenses by $903,473. These funds will be used to fund future Sewer Capital Projects and Debt Service payments. 26
27 Sewer Utility Fund Operating Revenues $3,800,000 $3,700,000 $3,600,000 $3,500,000 $3,400,000 $3,300,000 $3,200,000 $3,100,000 $3,000,000 $2,900,000 $2,800,000 Fourth Quarter Fourth Quarter 27
28 Water Utility Fund The Water Utility Fund covers the expense of providing potable water to the community. 79 miles of water mains Three water reservoirs 850 hydrants 2,700 system valves 5,900 service connections. Cross-connection and backflow prevention program Sampling of the water to insure all standards are met Capital improvements and replacements 28
29 Water Utility Fund (continued) Total water operating revenues are 89% of the Revised 2014 Budget for the year. Total water operating expenses, are at 92% of the Revised 2014 Budget at the end of the year. Operating revenues in the exceed Operating Expenses by $59,057. These funds will be used to fund future Water Capital Projects and Debt Service payments. The Ending Fund Balance of $5,442,527 includes $3,912,518 of unspent bond proceeds to be used to fund future Water Capital Projects. 29
30 Water Utility Fund Operating Revenues $3,300,000 Fourth Quarter $3,200,000 $3,100,000 $3,000,000 $2,900,000 Fourth Quarter $2,800,000 $2,700,000 $2,600,
31 Real Estate Excise Tax (REET) Revenues $800,000 Fourth Quarter $700,000 $600,000 $500,000 $400,000 $300,000 Fourth Quarter $200,000 $100,000 $
32 Street Construction Fund The Street Construction Fund covers projects to provide, preserve, and improve street, pedestrian, bicycle, and traffic control facilities. A portion of the City s allocation of the Motor Vehicle Fuel Tax Traffic impact fees Interest that accrues on funds in the account. State and federal grants and appropriations Loan proceeds Interagency financial participation Real Estate Excise Tax (REET). Because so much of these funds are restricted by law to be used only for street construction, and not street maintenance, they are kept in a fund that is separate from the Street Operations (Maintenance) Fund. 32
33 Street Construction Projects Are Funded by Grants, Motor Vehicle Fuel Tax, REET and TBD 33
34 Street Construction Fund (continued) The capital projects supported by the fund are those identified in the Transportation Capital Facilities and Improvement Program (TCFIP) and the Transportation Improvement Program (TIP). Street pavement overlays Seal coats Sidewalk and sidewalk ramp construction Bicycle route signing and striping Street reconstruction Traffic control system upgrades 34
35 Capital Improvement Project (CIP) Fund The City defines a capital project to be any project or purchase that has a cost of more than $5,000, and has an estimated useful life of three years or more. The Capital Improvement Project (CIP) Fund covers capital projects or purchases that aren t covered elsewhere (such as those in a utility fund). Examples of projects covered in the CIP Fund include Public safety equipment Recreation and park improvements Information technology purchases The CIP Fund receives transfers from the General Fund based on the long-term capital budget needs of the various City departments and the Recreation programs. 35
36 Capital Improvement Project (CIP) Fund (continued) With the exception of grant-funded projects or purchases, activity in the CIP Fund has declined over the course of the recession as the City s limited funds are used for maintaining programs and services rather than replacing capital. The City continues to receive grant dollars for park improvements and expansion, leveraging relatively small amounts of the community s dollars into larger improvements funded from other sources. One example of this is the Emergency Operations Center (EOC), which was mostly funded by a $237,500 Federal grant. Another Example is the $85,000 Grant the City Received from the County for Playground Equipment at Evergreen Playfield. The Therapy Pool at the Recreation Pavilion was funded by a $75,000 Grant from Verdant. 36
37 Playground Equipment Purchased with Snohomish County Grant Funds 37
38 CONCLUSION The City s Fourth Quarter finances highlight three things: The City remains on target financially in providing cost-effective services, programs and projects identified by the Mountlake Terrace community; and The City Council has adhered to a policy of ensuring these programs and projects will be able to be maintained for years to come by living with our financial means; and While General Fund Revenues and Expenditures are very tight and close to the budget, there are indicators that the economy is improving in the City of Mountlake Terrace 38
City of Mountlake Terrace. Second Quarter 2016 Financial Report September 19, 2016
City of Mountlake Terrace Second Quarter 2016 Financial Report September 19, 2016 1 Overview Reviewing the City s finances on a regular basis, and posting the review on the City s website, highlights the
More informationREVENUE ASSUMPTIONS. Actual Actual Adopted Revised Adopted TOTAL SOURCES BEGINNING FUND BALANCE $
General Government Funds Revenues REVENUE ASSUMPTIONS This section explains and illustrates the estimates for revenue sources included in the General Government funds of the 2009/ Biennial. Key funding
More informationFINANCIAL POLICIES ADOPTED BIENNIAL BUDGET CITY OF MOUNTLAKE TERRACE
Purpose: The primary purpose of financial management policies is to provide guidelines for the City Council and staff to use in making financial decisions that ensure core services are maintained and the
More informationSection E. Recap By Fund. Table of Contents
Section E. Recap By Fund Table of Contents Fund # Fund Name Page # General Purpose Funds 001 General Fund... E-3 037 Self-Insurance Claim Reserve... E-9 061 Youth Services Endowment Fund... E-11 Special
More informationTHIRD QUARTER FINANCIAL REPORT September 30, 2018
THIRD QUARTER FINANCIAL REPORT September 30, 2018 2018 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
More informationSECOND QUARTER FINANCIAL REPORT June 30, 2018
SECOND QUARTER FINANCIAL REPORT June 30, 2018 UpTown Cruisin Car Show June, 2018 Introduction The second quarter 2018 financial report is presented here. As has been the custom in the past, the report
More informationFARR WEST CITY Tentative Revised Budget
GENERAL FUND - SUMMARY REVENUES GENERAL FUND Taxes $ 1,263,000 $ 1,216,000 $ 1,217,000 $ 1,030,324 $ 986,005 Licenses & Permits 250,000 153,000 258,000 156,518 99,662 Intergovernmental Revenues 198,000
More informationPUBLIC WORKS DIRECTOR
WASHINGTON PUBLIC WORKS DIRECTOR $109,865 - $129,254 Plus Excellent Benefits Apply by October 22, 2017 (First Review, open until filled) 1 P a g e WHY APPLY? Nestled east of famous Puget Sound and north
More informationCity of Phoenix, Arizona. Monthly Financial Report
City of Phoenix, Arizona Monthly Financial Report March 212 Monthly Financial Report March 212 Executive Summary The budget amounts in this report represent the official adopted budget, as approved by
More informationCity of Prosser, WA Annual Report
City of Prosser, WA 2015 Annual Report City of Prosser, WA Schedule C/4, C/5, 01 Detail of Revenues and Expenditures 2015 Annual Report City of Prosser Fund Resources and Uses Arising from Cash Transactions
More information2019 BUDGET TOTALS City Of Soap Lake Time: 12:39:57 Date: 12/27/2018 MCAG #: 0325 Page: General Fund 01/01/2019 To: 12/31/2019
MCAG #: 0325 Page: 1 001 General Fund 01/01/2019 To: 12/31/2019 308 80 01 00 Beginning Balance 56,910.72 56,910.72 310 Taxes 311 10 00 00 Property Tax 158,226.20 313 11 00 00 Retail Sales Tax 97,077.99
More informationCity of Milton 4th Qtr Financial Report
1 TO: CC: FROM: Debra Perry, Mayor Milton City Council City Administrator Department Directors Lisa Tylor, Finance Director DATE: March 17, 2014 SUBJECT: - Fourth Quarter/Year-End Financial Status Report
More informationANNUAL REPORT. CITY OF DuPONT. MCAG No Submitted pursuant to RCW to the STATE AUDITOR S OFFICE
ANNUAL REPORT MCAG No. 0576 Submitted pursuant to RCW 43.09.230 to the STATE AUDITOR S OFFICE FOR THE FISCAL YEAR ENDED DECEMBER 31, 2009 MCAG NO. 0576 STATEMENT C-4 FUND RESOURCES AND USES ARISING FROM
More informationAgenda. Background Budget / PW General Fund Budget Streets & Infrastructure Citizen Engagement
1 Agenda Background 2013-2014 Budget / PW General Fund Budget Streets & Infrastructure Citizen Engagement Sustainable Transportation Funding Dedicated Revenues Potential Rate Impact Clarification Proposed
More informationFY Annual Budget: Mobility Solutions, Infrastructure, & Sustainability
FY 2018-19 Annual Budget: Mobility Solutions, Infrastructure, & Sustainability City Council Briefing August 15, 2018 Majed Al-Ghafry, Assistant City Manager Overview FY 2018-19 Budget by Strategic Priority
More informationSection G. Capital Improvement Program. Table of Contents
Section G. Capital Improvement Program Table of Contents Introduction... G-1 Project Summary... G-13 Individual Project Sheets... G-21 Six-Year Fund Statements... G-135 INTRODUCTION Capital Improvement
More informationMAINTENANCE DEPARTMENT
MAINTENANCE DEPARTMENT E-78 City of Mercer Island 2007-2008 Budget Department: Maintenance The Maintenance Department consists of the following functions: 1) administration, 2) capital projects engineering,
More informationLevy Lid Lift or Metropolitan Park District
Levy Lid Lift or Metropolitan Park District Why We Are Discussing These Two Options April 2012 City Happenings The city has no funding to continue to rent its interim City Hall space beyond July of 2014.
More information2013 CITY COUNCIL MEETING SCHEDULE
THIS IS A DRAFT AND TENTATIVE MEETING SCHEDULE SUBJECT TO FREQUENT CHANGES. PLEASE CONTACT THE CITY CLERK FOR THE MOST UPDATED INFORMATION AT (425) 744-6206 OR 744-6278 Updated 2013 CITY COUNCIL MEETING
More informationCITY OF CORAL GABLES
CITY OF CORAL GABLES QUARTERLY REPORT (Modified for the Budget/Audit Advisory Board) FOR THE NINE MONTHS ENDED JUNE 30, PREPARED BY THE FINANCE DEPARTMENT ISSUE DATE: JULY 18, TABLE OF CONTENTS PAGE FINANCIAL
More informationGrant-DOJ-Bulletproof Vest State Grants
City of Colfax: Budget 2017-Revenues 001-General (Current Expense) Fund Beginning Fund Balances - Non Restricted 001-000-000-308-80-01-00 Beg Bal - General Unreserved $ 48,834.00 001-000-000-308-80-02-00
More informationTO: Mayor & Council Budget Advisory Committee FROM: Lyman Howard Dean Rohla DATE: February 12, 2019 SUBJ: ACTUAL 2018 YEAR END FINANCIAL INFORMATION
9605 NE 24 th Street Clyde Hill, Washington 98004 425-453-7800 Fax: 425-462-1936 www.clydehill.org TO: Mayor & Council Budget Advisory Committee FROM: Lyman Howard Dean Rohla DATE: February 12, 2019 SUBJ:
More informationCAPITAL IMPROVEMENT PROGRAM K-1
Fund # begins with a Fund Type Fund Type Description/Restrictions 1 General The City's principal operating fund, which is supported by taxes and fees and which, generally, has no restrictions on its use.
More informationTHE CITY OF FREDERICK
THE CITY OF FREDERICK FISCAL YEAR 2012 BUDGET UPDATE Prepared by the Department of Finance M. Katherine Barkdoll, CPA Director of Budget and Purchasing Gerald D. Kolbfleisch, CPFO Director of Finance Member
More informationBorough of Ebensburg FY 2018 Budget Operating Fund Budget
OPERATING FUND REVENUES Real Property Taxes 301.100 Real Estate Tax, Current Levy $430,000 301.400 Real Estate Tax, Delinquent $24,000 Total Real Property Taxes $454,000 Local Act 511 Taxes 310.100 Real
More informationWOODS CROSS CITY CORPORATION FINANCIAL STATEMENTS. For The Year Ended June 30, Together With Independent Auditor s Report
CORPORATION FINANCIAL STATEMENTS For The Year Ended June 30, 2017 Together With Independent Auditor s Report Financial Section: WOODS CROSS CITY TABLE OF CONTENTS Independent Auditor s Report... 1 Management
More informationTHE CITY OF FREDERICK
THE CITY OF FREDERICK FISCAL YEAR 2011 BUDGET UPDATE Prepared by the Department of Finance M. Katherine Barkdoll, CPA Director of Budget and Purchasing Gerald D. Kolbfleisch, CPFO Director of Finance Member
More informationSection K Public Works Administration
Section K Public Works Administration Public Works Organizational Chart... K-1 Public Works Administration... K-2 Engineering and Capital Improvements Department... K-5 Fleet Management Department... K-9
More informationFinancial Tables BUDGET SUMMARY ACTUAL ADOPTED AMENDED RECOMM. % TOTAL ALL CITY FUNDS - EXPENDITURE BUDGET General 150
BUDGET SUMMARY 2016-17 ACTUAL ADOPTED AMENDED RECOMM. % TOTAL ALL CITY FUNDS - EXPENDITURE BUDGET General 150,772,063 157,004,711 155,448,503 158,973,765 26% Special Revenue 105,738,661 110,778,338 113,004,933
More informationCity of Ocoee Quarterly Report First Quarter Fiscal Year
City of Ocoee Quarterly Report First Quarter Fiscal Year 2008-2009 Prepared by the Finance Department February 2009 TABLE OF CONTENTS Quarterly Overview...i-iii General Fund... 1 Revenue Comparison Graph...
More informationCAPITAL IMPROVEMENT PROGRAM K-1
Fund # begins with a Fund Type Fund Type Description/Restrictions 1 General The City's principal operating fund, which is supported by taxes and fees and which, generally, has no restrictions on its use.
More informationSection H. Capital Improvement Program. Table of Contents
Section H. Capital Improvement Program Table of Contents Introduction... H-1 Project Summary... H-13 Individual Project Sheets... H-21 Six-Year Fund Statements... H-129 Introduction Capital Improvement
More information2019 THREE YEAR OPERATING PLAN APPROVED BY COUNCIL DECEMBER 10, 2018
2019 THREE YEAR OPERATING PLAN APPROVED BY COUNCIL DECEMBER 10, 2018 Preamble The Municipal Government Act (MGA) requires each municipality to prepare a written plan respecting its anticipated financial
More informationCity of Anoka 2019 Proposed Budget
City of Anoka 2019 Proposed Budget Schedule of Tax Levies 2014 2015 2016 2017 2018 2019 General Fund Levy $5,323,265 $5,323,680 $6,297,575 $6,641,230 $6,838,335 $7,028,564 2.78% Debt Service Levy 389,000
More informationBudget Summary. City Organization
This section has been prepared as a general summary of the 2019-2020 biennial budget for the City of Mercer Island. It is designed to provide City residents and other interested readers with a quick overview
More informationCity of Black Diamond, Wa. Financial Operating Report. For the First Quarter
City of Black Diamond, Wa Financial Operating Report For the First Quarter General Fund 1st Quarter Finance Report REVENUE 1 Property Tax 1,481,893 1,498,568 1,534,740 54,847 1,479,893 3.6 2 Sales Tax
More informationBudget Summary by Function
Budget Summary by Function Your budget shows the 2014, 2015, 2016 approved budgets, the 2017 department request and 2017 city manager proposed. The numbers below reflect percentages based on the city manager
More informationGeneral Fund Revenue Summary
Summary of General Fund Revenues and Expenditures Budget FY 2017-2018 FISCAL YEAR 2017-2018 General Fund Revenue Summary The City of Decatur has 7 broad revenue categories: taxes, licenses and permits,
More informationCity of Mercer Island. Section C Budget Summary
City of Mercer Island Section C Budget Summary This section has been prepared as a general summary of the 2017-2018 biennial budget for the City of Mercer Island. It is designed to provide City residents
More informationVillage of Kenilworth Fiscal Year 2019 Adopted Budget
F Village of Kenilworth Fiscal Year 2019 Adopted FY 16 Delta FY18B v. FY19P 23 GENERAL FUND Total General Operating Revenues: 4,793,044 4,514,062 4,429,149 3,993,544 4,584,330 4,491,415 62,266 Administration
More informationDEFINITION OF REVENUE SOURCES GENERAL FUND
GENERAL FUND PROPERTY TAX: The valuation of property in the City is determined by the Los Angeles County Tax Assessor, except for Public Utility property, which is assessed by the State Board of Equalization.
More informationCITIZEN S POPULAR ANNUAL FINANCIAL REPORT
Clearfield City 1 CITIZEN S POPULAR ANNUAL FINANCIAL REPORT A Summary Financial Report of the 2013 Fiscal Year (July 1, 2012 through June 30, 2013) 2 Clearfield City Purpose Statement The intent of the
More informationSeptember 2017 Monthly Financial Report
GENERAL FUND OVERVIEW BTD Projection BTD Actuals BTD BTD % $ 450,269,075 $ 158,460,148 $ 164,069,809 $ 5,609,661 3.5% Expenditures $ 472,660,334 $ 163,254,649 $ 157,168,629 $ 6,086,020 3.7% Revenue Over
More informationTHIS BUDGET WILL RAISE MORE TOTAL PROPERTY TAXES THAN LAST YEAR S BUDGET BY $227,677 or 2.51%, AND OF THAT AMOUNT, $104,038 IS TAX REVENUE TO BE
THIS BUDGET WILL RAISE MORE TOTAL PROPERTY TAXES THAN LAST YEAR S BUDGET BY $227,677 or 2.51%, AND OF THAT AMOUNT, $104,038 IS TAX REVENUE TO BE RAISED FROM NEW PROPERTY ADDED TO THE TAX ROLL THIS YEAR.
More informationCapital Improvements
Capital Improvements CAPITAL IMPROVEMENT ELEMENT GOAL 7-1: PROVIDE & MAINTAIN PUBLIC FACILITIES AND SERVICES Provide and maintain public facilities and services which protect and promote the public health,
More informationGeneral Fund FY2016 Final Budget
General Fund FY RESERVES & CARRY FORWARD Reserves 27,000 Carry Forward 75,000 Carry Forward (T-Pier Park) 10,000 REVENUES 112,000 Ad Valorem Taxes (5.024 Mills) 942,500 Insurance Premium Tax (Excise) 41,000
More informationLeagueCi QuarterlyReport FY2012 4th QUARTER REPORT
LeagueCi ty QuarterlyReport 4th QUARTER REPORT MEMORANDUM TO: Mayor and City Council FROM: Michael Loftin, City Manager SUBJECT: FY 2012 Fourth Quarter Report DATE: December 11, 2012 cc: Directors and
More informationSUMMARY OF SERVICES BY STRATEGIC PRIORITY
Public Safety City Attorney's Office Municipal Prosecution $2,287,153 $2,343,199 $2,287,153 $2,343,199 Police Legal Liaison $768,508 $785,703 $768,508 $785,703 Court and Detention Services Adjudication
More informationCity of Apple Valley Popular Annual Financial Report
City of Apple Valley Popular Annual Financial Report To The Community FOR THE YEAR ENDED DECEMBER 31, 2017 City of Apple Valley 7100 147th Street West Apple Valley, MN 55124 952-953-2500 CityofAppleValley.org
More informationCity of Des Moines. Citizen Engagement Capital Improvement Program. November 29, 2016
City of Des Moines Citizen Engagement Capital Improvement Program November 29, 2016 Goals of Citizen Engagement Goal Focus on service levels Department definitions of adequate service and opportunities
More informationCity Services Appendix
Technical vices 1.0 Introduction... 1 1.1 The Capital Facilities Plan... 1 1.2 Utilities Plan... 2 1.3 Key Principles Guiding Bremerton s Capital Investments... 3 1.4 Capital Facilities and Utilities Addressed
More informationFINANCE & ECONOMIC DEVELOPMENT COMMITTEE MAY 4, :00 AM COUNCIL CHAMBERS
FINANCE & ECONOMIC DEVELOPMENT COMMITTEE MAY 4, 2016 8:00 AM COUNCIL CHAMBERS 1. 2016 FIRST QUARTER FINANCIAL REPORT TROY WOO, FINANCE DIRECTOR (STAFF REPORT ATTACHED) FINANCE & ECONOMIC DEVELOPMENT COMMITTEE
More informationSecond Quarter Financial Statements
Second Quarter Financial Statements For the six months ended 03.31.2014 Prepared by the Finance Department Quarterly Financial Statements for six months ended 03.31.2014 Quarterly Financial Statements
More informationCITY OF JOPLIN FY 2018 PROPOSED BUDGET
CITY OF JOPLIN FY 2018 PROPOSED BUDGET CITY OF JOPLIN ESTIMATE OF NEEDS PROJECTED FUND BALANCES FOR FISCAL YEAR 2017-2018 Audited Projected Projected Fund Projected 2016-2017 Activity Fund Projected 2017-2018
More informationC I T Y O F P R O P O S E D A N N U A L B U D G E T F I S C A L Y E A R A U G U S T 4,
CITY OF PROPOSED ANNUAL BUDGET FISCAL YEAR 2017-18 AUGUST 4, 2017 FY 2018 CITY OF MCKINNEY PROPOSED ANNUAL BUDGET As proposed by City Manager, Paul Grimes August 4, 2017 THIS BUDGET WILL RAISE MORE TOTAL
More informationManheim Borough 2017/2018 Budget Summary Report
Manheim Borough 2017/2018 Budget Summary Report James R. Fisher, PE, CBO Chief Administrative Officer, Borough Manager, Treasurer 2017 has been a year of building on the changes that occurred in 2015/2016.
More informationCITY OF ROSEBURG, OREGON TABLE OF CONTENTS ENTERPRISE FUNDS
TABLE OF CONTENTS ENTERPRISE FUNDS Storm Drainage Fund... 121-124 Off Street Parking Fund... 125-126 Airport Fund... 127-131 Water Service Fund... 132-145 STORM DRAINAGE FUND CURRENT OPERATIONS This fund
More informationFY 2016 FY 2020 Capital Improvement Program (CIP) Executive Summary
FY 2016 FY 2020 Capital Improvement Program (CIP) Executive Summary The adopted FY 2016 FY 2020 CIP is $205.3 million (including prior year expenditures) and is $2.9 million lower than the previous CIP
More informationGENERAL FUND Revenues
GENERAL FUND Revenues The General Fund is used to account for general purpose revenues, which are used to fund general governmental services, excluding utilities. Following are descriptions of the City's
More informationVILLAGE OF NEW MARYLAND 2015 GENERAL OPERATING FUND BUDGET. 1. Total Budget - Total Page 17 $4,466,360
1. Total Budget - Total Page 17 $4,466,360 2. Less: Non-Tax Revenue - Total Page 7 $311,392 3. Net Budget $4,154,968 4. Less: Community Funding and Equalization Grant $6,108 5. Warrant to be Raised by
More informationUNINCORPORATED CAPITAL
UNINCORPORATED CAPITAL The total funding to be appropriated for the unincorporated capital program in FY13 is $13,665,000. This reflects funds committed to drainage, pavement, sidewalk, and other infrastructure
More informationOverview of the 2016 Proposed Budget
Overview of the 2016 Proposed Budget City of Burnsville November 24, 2015 2016 Budget Process Meeting Dates June 9 July 14 August 11 September 8 October 20 October 27 Discussion Topics Financial Management
More informationCOUNTY ADMINISTRATOR PUBLIC WORKS
COUNTY ADMINISTRATOR PUBLIC WORKS Public Works is comprised of several Departments/Divisions that develop, improve, and maintain the County s basic infrastructure needs related to transportation, storm
More informationDRAFT PROPOSED BUDGET THE GOOD, THE BAD AND THE UGLY (Part 2) City of Chico May 2, 2017
DRAFT PROPOSED BUDGET 2017 18 THE GOOD, THE BAD AND THE UGLY (Part 2) City of Chico May 2, 2017 DRAFT PROPOSED BUDGET 2017 18 SCHEDULE May 2 nd Round #2 Community Development Public Works May 16 th Questions
More informationGENERAL FUND REVENUES BY SOURCE
BUDGET DETAIL BUDGET DETAIL The Budget Detail gives more information on the budget, than is shown in the Executive Summary. Detail information is provided on the General Fund, Special Revenue Funds, Enterprise
More informationThe Art of Revenue Forecasting
The Art of Revenue Forecasting 1 Budgeting and Fiscal Management Workshop 2018 Overview Overview of Budget Process What goes into revenue forecasting Forecasting Methods Major Revenues in Washington Some
More informationCAPITAL IMPROVEMENT PROGRAM K-1
Fund # begins with a Fund Type Fund Type Description/Restrictions 1 General The City's principal operating fund that is supported by taxes and fees and which, generally, has no restrictions on its use.
More informationFY 2017 FY 2021 Capital Improvement Program (CIP) Executive Summary
FY 2017 FY 2021 Capital Improvement Program (CIP) Executive Summary The adopted FY 2017 FY 2021 CIP is $235.8 million (including prior year expenditures) and is $28 million higher than the previous CIP
More informationCHAPTER 11. CAPITAL FACILITIES PLAN ELEMENT
CHAPTER 11. CAPITAL FACILITIES PLAN ELEMENT 11.1 INTRODUCTION A is one of eight elements required by the Growth Management Act (GMA) to be included in Yakima County s comprehensive plan. The reason for
More informationTown of Eatonville. Annual Budget FY 2017
Town of Eatonville Annual Budget FY 2017 TOWN OFFICIALS Mayor Eddie Cole Councilman Theo Washington Councilwoman Angela Thomas Vice Mayor Rodney Daniels Page 2 of 38 ORGANIZATIONAL CHART Citizens of Eatonville
More informationState of the City Report August 2015
State of the City Report August 2015 Lindon City: An Optimistic Future The state of Lindon City is strong! We have emerged from the recession as a vibrant city that is positioned for success and prosperity.
More informationThird Quarter Financial Statements
Third Quarter Financial Statements For the nine months ended 06-30-2017 Prepared by the Finance Department Quarterly Financial Statements for the nine months ended 06.30.2017 Quarterly Financial Statements
More informationMEMO. February 2011 Budget Reports Operating, Solid Waste, Utility Fund and Debt Service Funds
MEMO TO: FROM: City Council Erika Hobson, Director of Finance DATE: March 19, 2011 SUBJECT: February 2011 Budget Reports Operating, Solid Waste, Utility Fund and Debt Service Funds Attached are the February
More informationVillage of DeForest 2018 Adopted Budget
Village of DeForest 2018 Adopted Budget Public Hearing December 5, Village Board Adopted December 5, 2018 Village of DeForest Table of Contents - Adopted Budget All Funds Schedule Page # Public Hearing
More informationCity of Orono, Minnesota Annual Budget
, Minnesota 2019 Annual 2019 Annual Table of Contents Section 1: Introduction & Summary Introduction/ Summary... 1 Fund and Department Descriptions... 7 Resolutions... 15 Tax Levies... 19 Effect of the
More informationINFORMATION ITEMS December 31, 2014 For the first quarter of FY 2014-2015, the General Fund has collected 31% of revenues, primarily due to property taxes (42% collected through December). Expenditures
More informationThis page intentionally left blank
197 This page intentionally left blank 198 Capital Improvement Program PROCEDURE Each year the Capital Improvement Program (CIP) is prepared from project requests submitted by the various departments.
More informationBiennial Budget PUBLIC HEARING NOVEMBER 13, 2018
2019-2020 Biennial Budget PUBLIC HEARING NOVEMBER 13, 2018 This Evening s Session: 2 2019-2020 Public Hearing on Proposed Biennial Budget Receive public testimony Review of Proposed 3% tax levy increase
More informationCITY OF LAKEWOOD General Fund RECEIPTS AND EXPENSES (ESTIMATED AND ACTUAL) AS OF December 31, 2010
General Fund Page 1 Adopted ACTUAL December 31, 2010 ACTUAL ACTUAL ACTUAL ACTUAL BUDGET AS OF % Budget Used AS OF AS OF Dec 31, 2008 GENERAL FUND #101 Balance January 1st 339,518 950,690 1,461,598 1,461,598
More informationWAKE COUNTY, NORTH CAROLINA
AFFORDABLE HOUSING FUND SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL From Project Inception Through June 30, 2011 Actual Project Prior Current Total Authorization Years
More informationCITY OF EAST POINT SUMMARY OF REVENUES & EXPENDITURES FOR THE PERIOD ENDING
SUMMARY OF S & EXPENDITURES FOR THE PERIOD ENDING Nov 30th 2017 Nov17 FY 2018 FY 2018 % of YTD ACTUAL BUDGET VARIANCE Budget FUND 100 General Fund Taxation $ 7,857,111 $ 26,103,235 $ (18,246,124) 30% Licenses
More informationTAX COLLECTION TAX COLLECTOR SALARY $ 28, BOND PREMIUM TAX COLLECTOR EXPENSE 6, TAX COLLECTION TOTAL $34,800.00
11/7/2017 BOROUGH OF COPLAY $2,340,299.00 GENERAL FUND 4.130 mills LIBRARY 0.380 mills EMERGENCY SERVICES 0.380 mills TOTAL REAL ESTATE TAX 4.890 mills ADMINISTRATION MAYOR $ 1,800.00 COUNCIL 10,800.00
More informationCITY OF MOBILE MONTHLY FINANCIAL REPORT CUMULATIVE REPORT FOR PERIOD OCTOBER 1, 2016 THRU SEPTEMBER 30, 2017
CITY OF MOBILE MONTHLY FINANCIAL REPORT CUMULATIVE REPORT FOR PERIOD OCTOBER 1, 2016 THRU SEPTEMBER 30, 2017 CITY OF MOBILE GENERAL FUND BALANCE SHEET SEPTEMBER - FISCAL YEAR 2017 ASSETS: CASH ACCOUNTS
More informationCITY OF ROSEBURG, OREGON TABLE OF CONTENTS SPECIAL REVENUE FUNDS
TABLE OF CONTENTS SPECIAL REVENUE FUNDS Public Works Fund History... 74-81 Grant Special Revenue Fund... 82-84 Hotel/Motel Tax Fund... 85-86 Street Lights and Sidewalk Fund... 87-89 Bike Trail Fund...
More informationCITY OF EAST POINT SUMMARY OF REVENUES & EXPENDITURES FOR THE PERIOD ENDING
SUMMARY OF S & EXPENDITURES FOR THE PERIOD ENDING Sept 30th 2017 Sep17 FY 2018 FY 2018 % of YTD ACTUAL BUDGET VARIANCE Budget FUND 100 General Fund Taxation $ 3,415,289 $ 26,103,235 $ (22,687,946) 13%
More informationCharter Township of Plymouth
Wayne County, Michigan Financial Report with Supplemental Information Contents Independent Auditor's Report 1-2 Management's Discussion and Analysis 3-7 Basic Financial Statements Government-wide Financial
More informationThe Reader s Guide (Section A) at the beginning of the budget document provides a brief overview of how the City s budget is organized.
Under Washington Law, the City Manager presents a balanced annual or biennial budget for the City s upcoming fiscal period for consideration and adoption by the City Council. Mercer Island s biennial budget
More informationCITY OF LAKEWOOD General Fund RECEIPTS AND EXPENSES (ESTIMATED AND ACTUAL) AS OF Decemer 31, 2016
General Fund AS OF Decemer 31, 2016 Page 1 ACTUAL ACTUAL BUDGET AS OF % Budget Used AS OF AS OF GENERAL FUND #101 Balance - January 1st 5,670,409 6,965,231 5,885,034 5,885,034 6,965,231 5,670,409 Property
More informationInterim Statements % of Year Collected/Expended = 66.67%
GENERAL FUND Revised Feb18 Remaining % Collected/ Feb17 Variance Taxes General Property 11,726,352 10,902,891 823,461 92.98% 10,583,381 319,510 General Sales and Use 5,200,000 3,390,485 1,809,515 65.20%
More informationIMPLEMENTATION A. INTRODUCTION C H A P T E R
C H A P T E R 11 IMPLEMENTATION A. INTRODUCTION This chapter addresses implementation of the General Plan. The Plan s seven elements include 206 individual actions. 1 Many are already underway or are on-going.
More informationCity of Mesquite Amended Budget/Combined Summary Fiscal Year
Exhibit "A" City of Mesquite Amended Budget/Combined Summary Beginning Ending Balances Revenues/ Appropriations/ Balances Fund Type 10/1/2015 Transfers In Transfers Out 9/30/2016 Operating Funds General
More informationUTILITY FUNDS SUMMARY
UTILITY FUNDS SUMMARY On the following pages is important information about the utilities as a whole. This section identifies the emerging issues for each of the utilities, followed by a brief discussion
More informationCITYOF MEDINA. - Expense increase due to Executive separation agreement.
CITYOF MEDINA ITEM PH-2/ OB-2 November 12, 2013 To: Mayor and City Council From: Robert J. Grumbach, Interim City Manager Re: 2014 Budget Message I am pleased to submit for review and adoption the City
More informationCITY OF LANCASTER FISCAL BUDGET REVENUE SOURCES
CITY OF LANCASTER FISCAL 2006-07 BUDGET REVENUE SOURCES TAXES The tax raising authority of cities has been severely limited for the past 25 years. Proposition 13 enacted in 1978 amended the California
More informationMJEMORANJDUM GENERAL FUND. finance Department. DATE: August 26, 2015 TO: Steven A. Preston, City Manager FROM: Thomas C. Marston, Finance Director
finance Department MJEMORANJDUM DATE: August 26, 2015 TO: FROM: Steven A. Preston, City Manager Thomas C. Marston, Finance Director SUBJECT: Quarterly Budget Update- July through June (Pre-closing) 2015
More informationBUSINESS OF THE CITY COUNCIL CITY OF MERCER ISLAND, WA
BUSINESS OF THE CITY COUNCIL CITY OF MERCER ISLAND, WA September 3, 2013 Regular Business 2 ND QUARTER 2013 FINANCIAL STATUS REPORT & 2013-2014 BUDGET ADJUSTMENTS Proposed Council Action: Receive report
More informationInterim Statements % of Year Collected/Expended = 83.33%
GENERAL FUND Revised Apr17 Remaining % Collected/ Apr16 Variance Taxes General Property 11,549,666 11,264,933 284,733 97.53% 11,101,887 163,046 General Sales and Use 5,050,000 3,960,664 1,089,336 78.43%
More informationTown of South Palm Beach Adopted Budget Fiscal Year
Adopted Budget Fiscal Year 2011 2012 Adopted General Fund Budget Summary FY2011 Actual FY2012 variance Budget @ 06/30/11 Adopted % dollar Revenues Ad Valorem Taxes $1,079,917 $1,045,228 $1,079,036 0.08%
More informationInterim Statements % of Year Collected/Expended = %
GENERAL FUND Revised Nov18 Remaining % Collected/ Nov17 Variance Taxes General Property 8,764,017 3,779,568 4,984,449 43.13% 5,813,975 (2,034,407) General Sales and Use 5,300,000 2,005,425 3,294,575 37.84%
More informationGeneral Fund. General Fund Revenues Final Budget
General Fund General Fund Revenues Reserves 201,310 Ad Valorem Taxes (5.024) 1,121,000 Insurance Premium Tax (Excise) 80,000 Utility Service Tax - Electricity 205,000 Utility Service Tax - Water 54,780
More information