For the Month Ending May 31, 2016

Transcription

1 For the Month Ending May 31, 2016 Quick Look Indicators This Month This Year See Page Cash Balance 3 Residential Building Permits 4 Industrial & Commercial Bldg. Permits 5 Revenues 6 Expenditures 6 Investment Report 10 August 16, 2016 MANAGEMENT SERVICES DEPARTMENT

2 Executive Summary Cash Balances: The City s General Fund cash balance is currently in a favorable position at $20.6 million, increasing $11.2million from April s monthend. May 2016 s cash balance is $1.1 million lower than May 2015 s cash balance. Development Activity: Residential development construction activity through May totals 490 single family dwelling (SFD) permits (178% of the budget of 275 SFDs). Last fiscal year a total of 349 SFDs permits were issued. Revenues: General Fund revenues through May 2016 are $1.9 million higher than May Revenues are at 84.5% of the current annual budget compared to a target of 91.67%. Development related revenues have achieved 100% of their annual budget. Expenditures: Expenditures for the fiscal year are under budget at 85.1% compared to a target of 91.67%. Investment Report: The City s investments, through May 2016, have had a rate of return averaging 1.04%; the City s investment policy benchmark of the TwoYear Treasury Note had a return of 0.78%. Special Reports: Economic Development (page 26): In May, the City issued 110 new business licenses and has a total of 8,960 active businesses as of May 30th. Also in May, there were 17 residential dwellings ready for occupancy based on the number of new sewer hookups. Capital Reinvestment Fund (page 27): For the ten years ending June 30, 2015, the City of Fontana expended $187.1 million from the General Fund on capital improvement projects throughout the City. As of May 2016 $5.6 million of General Fund money is budgeted in this fund on various improvement projects throughout the City. This excludes NonGeneral fund sources. MANAGEMENT SERVICES DEPARTMENT

3 CONTENTS Report Introduction. 2 Cash Balance and Cash Available.. 3 Development Activity..4 Residential Development Commercial and Industrial. 5 General Fund Revenue and Expenditure Summary... 6 General Fund Revenue Categories Revenue Highlights.. 8 Departmental Summary City and Agency Investment Report.. 10 Risk Liability Analysis. 19 Cash and Due To/From Detail Economic Development Capital Investment Fund #601 and Fund # Grants Report Customer Service Quality Assurance Survey Police Helicopter Program Fire Services County Contract Interchange Projects MANAGEMENT SERVICES DEPARTMENT

4 Report Introduction The following serves as an introduction to the Goals, Scope and Contents of this report. Goals: Consistent with the City Council Goals of: To Operate in a Businesslike Manner; To Practice Sound Fiscal Management; and To Increase Citizen Involvement. This generalpurpose User Friendly financial report is designed to meet the following objectives: To provide concise information needed to gain a fair understanding of the City s financial position, results of operations and cash flows; To serve as the critical link between accounting systems and the users they are designed to serve; and To serve as an early warning document to indicate unfavorable financial events. Scope: Frequency: Contents: Initially, this report s primary focus is on the fiscal events of the City s General Fund. This focus will be expanded to other financial activities of the City funds as they occur and this report matures. Current year, monthly and fiscalyeartodate (FYTD) information is provided on all charts and prior year data is provided in those areas where trend analysis is applicable. This report is not a substitute for the Comprehensive Annual Financial Report (CAFR). This report will be published monthly. This report consists of various sections as detailed on the previous page. Each schedule within these sections contains descriptive information about the schedule. Some of these reports contain graphs to aid the reader. These graphs include a current year and two prior year trend lines and, where available, a fiveyear averages trend line. These trend lines provide a meaningful comparison of current year data. Other Focus Features: Periodically, special reports will appear highlighting such fiscal areas as debt, cost allocation, long range fiscal plans, etc. Contacts Questions Suggestions: Call Lisa Strong, Management Services Director/Deputy City Treasurer Prepared by Dawn Brooks Page 2 MANAGEMENT SERVICES DEPARTMENT

5 City of Fontana, Financial Performance Report General Fund Cash Balance and Cash Available Cash Balance Similar to a personal bank account, the City s Cash Balance is the amount of money in the bank at a certain date. May's ending cash balance reflects an increase of $11.2 million as compared to April's ending balance. Available Cash When other funds temporarily borrow money from the General Fund, the remaining amount is called Cash Available". The City s General Fund Cash Available increased by $10.5 million since April. Other funds have temporarily borrowed $3,344,183 from the General Fund to offset negative cash balances. This advance is primarily attributable to: Prop 1B $521,143, Sewer Capital Project $517,938, Federal Law Enforcement Block Grant $1,006,029 and After School Program $1,287,049. Repayments to the General Fund will be made as funds become available. Net Monthly Cash The "Net Monthly Cash (blue columns ) is the difference between the monthly revenues and expenditures. Occasionally, more expenditures will be paid than revenues received during the month. When this occurs, the column drops below the zero line and turns white. If this situation were continuous, a cash flow problem would develop. $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $ $(5,000) $25,000 $20,000 $15,000 $10,000 $5,000 $ $(5,000) $(10,000) $15,000 $10,000 $5,000 $ $(5,000) $(10,000) $(15,000) $(20,000) $(25,000) Cash Balance in $000's FY 1516 Balance FY 1415 Balance FY 1314 Balance FY 1213 Balance FY 1112 Balance FY 11FY15 Avg. Bal. Available Cash in $000's FY 1516 Available FY 1415 Available FY 1314 Available FY 1213 Available FY 1112 Available FY 11FY15 Avg. Avail. Net Monthly Cash See page 20 for a listing of all funds with negative cash. General Fund Cash Net Monthly Cash $ (22,382) $ (2,733) $ (715) $ 1,031 $ (309) $ (1,928) $ 10,258 $ (1,410) $ (85) $ 1,117 $ 11,188 FY 1516 Balance 4,155 1, ,738 1,429 (499) 9,759 8,349 8,264 9,381 20,569 FY 1516 Available 2, (483) (86) (526) (2,173) 8,181 6,419 5,959 6,739 17,224 FY 1415 Balance 6, (551) (2,718) (2,620) (2,514) 6,549 6,343 6,608 8,079 21,679 26,537 FY 1415 Available 1,911 (4,227) (2,506) (5,173) (5,838) (5,957) 2,531 2,830 3,298 3,060 17,406 23,272 July Budgeted Transfers were recorded in the amount of $15,435,030 from the General Fund to various funds to cover operating expenditures for the fiscal year. Page 3

6 Development Activity... Residential City of Fontana, Financial Performance Report Residential Development activity often acts as a barometer of local economic conditions. The brown thick line on the chart represents last year s building activity within the City. This year s activity is represented by the solid thick blue line. In May, the City issued 34 SFD building permits. The following are all located north of Foothill and east of Interstate 15. The West End Development, West Gate, Summit Heights, Landings, Rancho Fontana, Sierra Lakes, Walnut Village, Northgate, Citrus Heights North, Bellgrove II, Fontana Star, Morningside, Stratham Homes, Promenade, Providence Point (1) and Sierra Crest Budget 275 SFDs Single Family Dwellings (SFDs) Building Permits Issued for New Residential Construction The Hunter s Ridge Development and Coyote Canyon Development are located north of Interstate 15. The Country Club Estates Development and Sycamore Hills are located south of the Interstate10 Fwy and east of Sierra Avenue. The Southridge Development is located south of the Interstate 10 Fwy and west of Sierra Ave. There were 33 permits issued in the City Wide & InFill Area, of which (0) was issued to independently owned property. Certificates of Occupancy: New sewer hookups (FYTD 524) indicate that new construction is ready for occupancy. A large number of residential housing hookups follow a large number of previously issued building permits Monthly FY FY FY FY1115 Average Permits FY Sewer Hook Ups Monthly FY FY Bellgrove II California Landings City Wide Citrus Heights Country Club Estates Coyote Canyon Fontana Star Hunter's Ridge Landings Morningside New West Northgate Promenade Providence Point 52 Rancho Fontana Sierra Crest 2 Southridge Stratham Group Summit Heights Sycamore Hills Walnut Village West End Page 4

7 City of Fontana, Financial Performance Report Development Activity... Commercial & Industrial Commercial and Industrial Development activity, similar to residential development, acts as a barometer of the local economic conditions. New activity in these development categories initially creates construction jobs and ultimately provides for a permanent employment base for the community. Development activity over the past several years has been light as the industry has sought existing vacant buildings. As these existing structures become occupied and the vacancy rate diminishes, new development activity starts to increase. 300,000 Sq.Ft. 250,000 Sq.Ft. 200,000 Sq.Ft. 150,000 Sq.Ft. 100,000 Sq.Ft. 50,000 Sq.Ft. 0 Sq.Ft. Commercial Building Permits Issued (Sq. Ft.) Budget 100,000 Sq. Ft. Monthly FY Actual FY Actual FY Actual FY Average 254, ,315 81,179 The City issued 3 commercial building permits in May. The City issued 5 new industrial building permits in May. Square Footage Monthly 30,939 14,004 7,415 8,612 2,112 1,544 13,094 FY Actual 30,939 44,943 52,358 52,358 52,358 60,970 60,970 63,082 64,626 77,720 FY Actual 7,520 92,506 97, , , , , , , , , ,858 Notes: July none. August 22,406 sq. ft. Kia South Highland Ave, 6,656 sq. ft. retail/restaurant Sierra Ave, 1,877 sq. ft. dental Merrill Ave. September 13,313 sq. ft. retail tire 6251 Sierra Ave., 691 sq. ft. commercial Banana Ave. October 7,415 sq ft. commercial Foothill Blvd. November none. December none. January 5,177 sq. ft. Am/Pm convenience store and fuel Sierra Ave., 3,436 sq. ft. restaurant Sierra Ave. February none. March 2,112 sq. ft. modular Beech Ave. April 1,544 sq. ft. sales Valley Blvd. May 5,500 sq. ft. service station and 6,050 sq. ft. sales Valley Blvd., 1,544 sq. ft. professional Valley Blvd. 5,000,000 Sq.Ft. 4,000,000 Sq.Ft. 3,000,000 Sq.Ft. 2,000,000 Sq.Ft. 1,000,000 Sq.Ft. Industrial Building Permits Issued (Sq. Ft.) Bu Budget 200,000 Sq. Ft. Monthly FY Actual FY Actual FY Actual FY Average 1,020, ,279 Square Footage Monthly 760,264 9, ,747 41, , ,669 77,944 1,001,843 FY Actual 760, ,625 1,740,372 1,781,779 2,215,949 2,660,618 2,660,618 2,660,618 2,660,618 2,738,562 3,740,405 FY Actual 1,092,568 1,092,568 1,099,018 1,741,634 2,053,107 2,404,908 2,404,908 2,715,458 2,723,698 2,723,698 Notes: July 12,800 sq. ft. truck service Banana Ave., 747,464 sq. ft. warehouse and pump 5885 Sierra Ave. August 9,361 sq. ft. vehicle Slover Ave. September 970,747 sq. ft Jurupa Ave. October 41,407 sq. ft. paver stone Poplar Ave. November 434,170 sq. ft. tiltup shell Elm Ave. December 444,669 sq. ft. tiltup shell Poplar Ave. January none. February none. March none. April 77,944 sq. ft Elm Ave. May 424,737 sq. ft. tiltup Citrus Ave., 42,543 sq. ft. shell 7908 Redwood Ave., 40,521 sq. ft. shell Meyer Canyon Dr., 175,165 shell 7953 Cherry Ave., 318,877 tiltup Santa Ana Ave. Page 5

8 General Fund Financial Summary City of Fontana, Financial Performance Report The General Fund is comprised of such general revenue sources as taxes, fines, licenses and fees. The fund provides for such services as Public Safety, Recreation, Legislative and City Administration. The use of money in this fund is generally not restricted to specific services and projects as is the case with other city funds. Revenues The green solid line on the adjacent chart, shows that the General Fund revenues are 84.5% of the annual budget. Yeartodate total revenue is $1.9 million higher than last year s revenue levels through May's monthend. $100,000 $90,000 $80,000 $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $0 Revenues Fiscal Year ($000's) ` Monthly Actuals FY Average FY Actuals FY Actuals FY Budget FY Actuals Monthly Actuals $ 3,854 $ 4,601 $ 5,310 $ 7,101 $ 5,292 $ 5,361 $ 15,358 $ 5,401 $ 5,914 $ 7,305 $ 17,335 FY Actuals 3,854 8,455 13,765 20,866 26,158 31,519 46,877 52,278 58,192 65,497 82,832 FY Budget 8,173 16,346 24,518 32,691 40,864 49,037 57,209 65,382 73,555 81,728 89,900 98,073 FY Actuals 3,624 7,964 11,959 16,877 21,737 28,317 43,943 49,059 54,212 60,927 80,967 92,282 Expenditures The red solid line represents the General Fund expenditures actually paid and do not include $2.0 million of encumbrances (commitments made and agreed to be paid after obligations are fulfilled). The City s operating departments are on course with their expenditure plans. Additional details by department are listed on page 9. $80,000 $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $0 Expenditures Fiscal Year ($000's) Excludes encumbrances of $2.0m Monthly Actuals FY Average FY Actuals FY Actuals FY Budget FY Actuals Monthly Actuals $ 8,057 $ 6,068 $ 5,882 $ 6,406 $ 6,012 $ 8,754 $ 5,802 $ 6,258 $ 6,342 $ 6,252 $ 6,433 FY Actuals 8,057 14,125 20,007 26,412 32,424 41,178 46,980 53,238 59,580 65,832 72,265 FY Budget 7,076 14,152 21,228 28,304 35,380 42,455 49,531 56,607 63,683 70,759 77,835 84,911 FY Actuals 5,383 14,318 20,244 26,137 32,094 38,655 46,381 51,952 58,058 64,486 70,301 77,364 Page 6

9 City of Fontana, Financial Performance Report Revenues The General Fund s 140+ revenue accounts are categorized by like types of activity on the adjacent chart. In general, revenues can be further summarized into Taxes, Fees, State Subventions and other revenues. Over onehalf of the City s General Fund revenues are derived from taxes. The top two budgeted tax revenue sources are Sales Tax (37% $36.0 million), and Property Tax (22% $21.6 million). Through May 2016, the General Fund s actual revenues received are 84.5% of the annual budget amount. Development related revenues have achieved 100% of their annual revenue budget. During May, construction permits were issued for 34 additional homes. MVLF revenues are being significantly affected by the economic downturn. State charges have grown far in excess of VLF collections. While state charges increased at about 10% per year, actual revenue collections have been declining. This decline, together with the State charges has caused a cash flow issue in recent months in which, following state charges, there were zero funds left to allocate to cities. All legislation efforts to restore the MVLF for the annexation areas within the City have failed. $100,000 $95,000 $90,000 $85,000 $80,000 $75,000 $70,000 $65,000 $60,000 $55,000 $50,000 $45,000 $40,000 $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $0 General Fund Revenue by Summary Categories Fiscal Year ($000's) Monthly Actuals FY Average FY Actuals FY Actuals FY Budget FY Actuals Revenues Total FYTD Budget Actuals Sales Tax $ 1,712 $ 2,273 $ 2,779 $ 1,748 $ 2,310 $ 2,885 $ 3,477 $ 2,497 $ 3,018 $ 2,301 $ 4,183 $ 29,183 $ 36,000 $ 33,955 Business Tax ,623 5,823 5,750 Property Tax , ,225 20,900 21,594 20,534 Franchise Fees , ,212 6,400 6,594 Motor Veh. InLieu Development ,404 6,407 5,589 Recreation ,783 3,114 3,126 Int. and Rentals ,459 5,420 Other Revenues , , ,150 9,754 12,149 9,475 Reimbursables 177 (67) 75 (7) ,417 2,027 1,972 Monthly Actuals $ 3,854 $ 4,601 $ 5,310 $ 7,101 $ 5,292 $ 5,361 $ 15,358 $ 5,401 $ 5,914 $ 7,305 $ 17,335 $ 82,832 $ 98,073 $ 92,498 FY Actuals 3,854 8,455 13,765 20,866 26,158 31,519 46,877 52,278 58,192 65,497 82,832 FY Budget 8,173 16,346 24,518 32,691 40,864 49,037 57,209 65,382 73,555 81,728 89,900 98,073 FY Actuals 3,624 7,964 11,959 16,877 21,737 28,317 43,943 49,059 54,212 60,927 80,967 92,282 97,458 92,282 84,363 82,178 Prior Yr Page 7

10 City of Fontana, Financial Performance Report General Fund Revenue... Highlights Two of the most significant revenue sources for the General Fund are Sales Tax and Property Tax InLieu of VLF. These two sources account for 54.9% of the estimated General Fund revenues. Sales Tax: Sales Tax revenues, fiscal year to date, are $29,183,035 or 81% of the annual budget of $36,000,000. Property Tax inlieu of VLF: Property Tax InLieu of VLF revenues to date are $16,410,951 or 98% of the total annual budget of $16,700,000. This revenue is received onehalf in January & onehalf in May. $36,000,000 $34,000,000 $32,000,000 $30,000,000 $28,000,000 $26,000,000 $24,000,000 $22,000,000 $20,000,000 $18,000,000 $16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 Sales Tax Revenue General Fund Fiscal Year Current Month FY Average FY Actuals FY Actuals FY Budget FY Actuals $17,000,000 $16,000,000 $15,000,000 $14,000,000 $13,000,000 $12,000,000 $11,000,000 $10,000,000 $9,000,000 $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 Property Tax InLieu of VLF General Fund Fiscal Year Current Month FY Actuals FY Actuals FY Average FY Budget FY Actuals The Budget Act of 2004 contains a "swap" of city and county Vehicle License fee revenues for property tax revenues effective for the FY0405 budget year. This act, also known as the State's "Triple Flip" includes a permanent reduction of the VLF rate from 2% to 0.65%. The VLF backfill is eliminated and replaced with a like amount of property taxes, dollarfordollar payable in lumpsum payments twice a year in January and May. Subsequent to the FY0405 and FY0506 base years, each city's "property taxes in lieu of VLF" will increase in proportion to the growth in gross assessed valuation in the city. Remaining VLF revenue is deposited in the Motor Vehicle License Fee Account. After the State administrative charges, there are zero funds left to allocate to cities. Tax collections for Fiscal year 1998/99 ceased after December Page 8

11 City of Fontana, Financial Performance Report General Fund Expenditure Summary by Department At the end of May 2016, the Departments expenditures are running below the estimated fiscal year to date budget as illustrated by the solid red line on the chart. These expenses do not include $2.0 million of encumbrances. The Departments are on track with their expenditure plans. To date, the Departments have spent 85.1% of their annual budgets compared to a target of 91.67%. $90,000,000 $85,000,000 $80,000,000 $75,000,000 $70,000,000 $65,000,000 $60,000,000 $55,000,000 $50,000,000 $45,000,000 $40,000,000 $35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $ General Fund Expenditures Department Summary Fiscal Year Excludes Encumbrances of $1,999,272 Departments City Administration $ 107,587 $ 145,643 $ 106,486 $ 285,739 $ 178,755 $ 224,683 $ 139,098 $ 268,929 $ 130,501 $ 205,537 $ 91,927 $ Human Resources 73,566 56,901 58,331 60,904 58,915 84,858 54,757 56,811 65,414 58,187 59,920 Administrative Svcs. 95,461 42,109 68,996 68,481 45,875 80,247 63,416 59,350 84,765 59,807 69,190 Community Services 1,358, , , , , , , , , , ,703 Information Technology 270, , , , , , , , , , ,280 Management Services 259, , , , , , , , , , ,684 Office of the City Clerk 57,342 41,189 43,329 43,828 44,600 80,056 35,581 38,811 74,642 39,857 44,536 Development Services 106,786 70,238 69,110 49,674 48,665 73,610 47,580 47,742 54,226 55,292 48,323 Community Develop. 345, , , , , , , , , , ,479 Engineering 227, , , , , , , , , , ,138 Public Works 214, , , , , , , , , , ,199 Police Department 4,940,024 3,657,027 3,497,239 3,743,987 3,572,849 5,367,756 3,522,940 3,888,944 3,704,378 3,731,852 3,851,366 Monthly Actuals $ 8,056,827 $ 6,067,997 $ 5,881,691 $ 6,405,764 $ 6,011,965 $ 8,754,186 $ 5,801,572 $ 6,258,195 $ 6,341,966 $ 6,251,857 $ 6,432,745 FY Actuals 8,056,827 14,124,824 20,006,515 26,412,279 32,424,244 41,178,430 46,980,002 53,238,197 59,580,163 65,832,020 72,264,765 84,910,990 $79,243,294 72,129,076 70,337,350 Monthly Actuals FY Actuals FY Actuals FY Average Adopted FY Budget FY Actuals FY Budget 7,075,916 14,151,832 21,227,748 28,303,663 35,379,579 42,455,495 49,531,411 56,607,327 63,683,243 70,759,158 77,835,074 84,910,990 FY Actuals 5,383,370 14,318,366 20,243,760 26,136,792 32,093,871 38,654,684 46,380,891 51,952,443 58,057,986 64,486,084 70,300,684 79,243,294 Page 9

12 City of Fontana, Financial Performance Report Investment Report City of Fontana May 31, 2016 Page 10

13 City of Fontana, Financial Performance Report Contents Summary of Investment Policy Summary of Cash and Investments Portfolio Analysis Interest Rate Comparison Actual to Model Comparison Pooled Investments Bond Investments Page 11

14 Summary of Investment Policy City of Fontana, Financial Performance Report Adopted by City Council January 26, 2016 Objectives: Safety, Liquidity & Yield Benchmark: TwoYear Treasury Note Target Duration: Two years 10% of Portfolio in shortterm investments Requires diversification of maturities Maximum maturity of five years Page 12

15 Summary of Cash and Investments City of Fontana, Financial Performance Report Pooled Bond Investments Funds Other Total Money Market Funds $ 15,280, $ 29,777, $ $ 45,057, Bankers Acceptances 0.00 Government Agency Issues 170,263, ,263, MediumTerm Notes 15,284, ,284, Local Agency Investment Fund (LAIF) 49,084, ,084, Investment Agreements 2,354, ,354, Fiscal Agent Cash Accounts Bank of America General Checking 45,956, ,956, Deferred Compensation Funds 22,777, ,777, Escrow Accounts 1, , Petty Cash/Self Insurance 415, , $249,912, $ 32,131, $ 69,151, $ 351,194, This report reflects all cash and investments managed by the Management Services Department and is in conformity with the Investment Policy of the City of Fontana as approved by the City Council on January 26, The investment program herein shown provides sufficient cash flow liquidity to meet City liabilities for the next six months. Page 13

16 Portfolio Analysis City of Fontana, Financial Performance Report INVESTMENT COMPOSITION: Original cost of investments held $249,912, Adjusted book value of investments held $249,555, Market value of investments held $250,179, Unrealized gain (loss) amount $623, Unrealized gain (loss) percentage 0.25% Weighted average portfolio life (final maturity) 2.36 years Weighted average portfolio life (call dates) 2.11 years RETURN ON INVESTMENTS: (July 1, 2015 to May 31, 2016) MonthtoDate YeartoDate Total investment earnings $27, $2,065, Total realized gains (losses) on sales/calls $2, $6, Total amortized premium/discount $ ($30,120.58) Weighted average portfolio balance $265,320, $235,941, $260,000,000 Total return on investments annualized 1.20% 1.06% $250,000,000 $240,000,000 COMPARATIVE MARKET RATES: May 31, Month Average $230,000,000 $220,000,000 $210,000,000 $200,000,000 Jun15 Jul15 Aug15 Sep15 Oct15 Nov15 Dec15 Jan16 Feb16 Mar16 Apr16 May16 ThreeMonth Treasury Bills 0.34% SixMonth Treasury Bills 0.49% OneYear Treasury Bills 0.68% TwoYear Treasury Notes 0.87% 0.78% FiveYear Treasury Notes 1.37% LAIF 0.55% Book Value Market Value Money Market Mutual Funds 6.11% Government Agency Issues 68.13% Medium Term Notes 6.12% Local Agency Investment Fund (LAIF) 19.64% % HISTORICAL RATES OF RETURN: VARIANCE: 0.33% 0.29% City of Fontana Fiscal Year 2006/ % To evaluate the performance of the City's portfolio, the Statement of Fiscal Year 2007/ % Investment Policy has established the twoyear treasury note as the Fiscal Year 2008/ % benchmark for comparison purposes. It is expected that yields on Fiscal Year 2009/ % City investments will regularly meet or exceed the benchmark; however, a Fiscal Year 2010/ % variance of.50% (50 basis points) plus or minus is considered reasonable Fiscal Year 2011/ % by the Investment Review Committee for evaluation purposes. Fiscal Year 2012/ % Fiscal Year 2013/ % The City rate currently exceeds the Benchmark rate by Fiscal Year 2014/ % 26 basis points due to historically low treasury rates and Fiscal Year 2015/ % onetime gains from securities called. Page 14

17 Interest Rate Comparison City of Fontana, Financial Performance Report June 2015 May Year USTN City Pool Difference 06/30/ % 0.97% +36 BPs 07/31/ % 0.98% +31 BPs 2.00% 08/31/ % 1.00% +26 BPs 09/30/ % 1.01% +37 BPs Interest Rates 1.50% 1.00% 0.50% City Pool Rate City Pool Average 2Year USTN USTN Average 10/31/ % 0.98% +23 BPs 11/30/ % 0.91% 3 BPs 12/31/ % 0.85% 21 BPs 01/31/ % 0.98% +22 BPs 02/29/ % 1.00% +22 BPs 03/31/ % 1.02% +29 BPs 0.00% Jun15 Jul15 Aug15 Sep15 Oct15 Nov15 Dec15 Jan16 Feb16 Mar16 Apr16 May16 04/30/ % 1.01% +24 BPs 05/31/ % 1.06% +17 BPs Average 0.78% 0.98% +20 BPs Page 15

18 Actual to Model Comparison City of Fontana, Financial Performance Report INVESTMENT PROGRAM: The purpose of the investment program is to provide procedures which: 1) Adhere to the Statement of Investment Policy. 2) Prioritize safety and liquidity. 3) Determine risk and optimize return. 4) Provide for a system of due diligence in making investment decisions. A "Model" investment portfolio has been developed to provide the strategic framework for managing and reporting on the investment portfolio. This model provides a system of due diligence and directs the tactical theme for how and why securities are bought and sold. Liquidity Actual Model Variance Sector Actual Model Variance Cash 25.76% 15.00% 10.76% Cash 25.76% 15.00% 10.76% 01 Year 2.09% 5.00% 2.91% Treasury/Agency 68.12% 55.00% 13.12% Total 27.85% 20.00% 7.85% Med Term Notes 6.12% 30.00% 23.88% Avg Maturity Actual Model Variance Avg Maturity Actual Model Variance 01 Year 27.85% 20.00% 7.85% 01 Year 53.55% 20.00% 33.55% 12 Years 26.41% 20.00% 6.41% 12 Years 14.41% 20.00% 5.59% 23 Years 8.01% 20.00% 11.99% 23 Years 8.01% 20.00% 11.99% 34 Years 5.60% 20.00% 14.40% 34 Years 0.00% 20.00% 20.00% 45 Years 32.13% 20.00% 12.13% 45 Years 24.03% 20.00% 4.03% (Based on final maturity dates) (Based on call dates if market price is at a premium) Page 16

19 Pooled Investments City of Fontana, Financial Performance Report Face Coupon Maturity Invest Purchase Cost Purchase Estimated Amort Value CUSIP # Security Description Rate Date Type Date Basis Yield Mkt Value Prem/Disc 49,084,724 Local Agency Investment Fund Varies LAIF Varies 49,084, Varies 49,084, ,280,494 BNY Dreyfus Cash Mgmt Fund Varies MM Varies 15,280, Varies 15,280, ,000, G5W0 General Electric Cap Corp 2.300% 04/27/17 MTN 05/14/13 5,219, % 5,061,800 (164,473) 15,000, G0TV5 Fed Natl Mtg Assn 1.030% 01/30/18 FNMA 01/30/13 14,998, % 14,952, ,000, G1BK4 Fed Natl Mtg Assn 1.000% 02/05/18 FNMA 02/05/13 15,968, % 15,968,640 20,679 15,000, G0UE1 Fed Natl Mtg Assn 1.000% 02/14/18 FNMA 02/14/13 14,977, % 15,017,400 14,429 15,000, G36E5 Fed Home Loan Mtg Corp 1.050% 03/26/18 FHLMC 03/26/13 15,000, % 15,027, ,000, G6W9 General Electric Cap Corp 1.625% 04/02/18 MTN 05/14/13 5,057, % 5,052,250 (35,116) 5,000, HJL5 JP Morgan Chase & Co 1.625% 05/15/18 MTN 05/15/13 5,006, % 5,001,600 (3,937) 15,000, G43V8 Fed Home Loan Mtg Corp 1.050% 05/15/18 FHLMC 05/15/13 15,000, % 14,974, ,000, A74D4 Fed Home Loan Bank 1.500% 02/03/20 FHLB 02/03/16 14,000, % 14,015, ,000, G0D75 Fed Natl Mtg Assn 1.500% 06/22/20 FNMA 06/30/15 14,825, % 15,108,300 29,301 5,050, EE2S8 Fed Farm Credit 1.980% 06/29/20 FFC 06/29/15 5,048, % 5,054, ,000, A5Z77 Fed Home Loan Bank 1.830% 07/29/20 FHLB 10/29/15 15,205, % 15,239,850 (205,245) 15,000, G0H55 Fed Natl Mtg Assn 1.875% 12/28/20 FNMA 01/20/16 15,240, % 15,301,950 (13,437) 15,000, A6ZT7 Fed Home Loan Bank 2.000% 01/29/21 FHLB 01/29/16 15,000, % 15,032, ,000, G8MZ9 Fed Home Loan Mtg Corp 1.850% 03/30/21 FHLMC 03/30/16 15,000, % 15,004,800 0 Total Pooled Investments 249,912, ,179,345 (356,614) Market prices of securities are obtained from BNY Western Trust Company, A Subsidiary of The Bank of New York Company, Inc. Types of Investments: FFC Federal Farm Credit INVAGRMT Investment Agreement FHLB Federal Home Loan Bank LAIF Local Agency Investment Fund FHLMC Fed Home Loan Mortgage Corp MM Money Market Mutual Funds FNMA Federal National Mortgage Assn MTN Medium Term Note Page 17

20 Bond Investments City of Fontana, Financial Performance Report Face Coupon Maturity Invest Invest Purchase Cost Yield to Estimated Amort Value Security Description Rate Date Rating Type Date Basis Maturity Mkt Value Prem/Disc Held By Fiscal Agent: 0 Cash Varies NR Varies 0.00 Varies ,516,274 First American Treasury MM Varies Aaa MM Varies 22,516, Varies 22,516, ,382 BNY Hamilton Treasury MM Varies Aaa MM Varies 402, Varies 402, ,833,984 Wells Fargo Treasury Plus MM Varies Aaa MM Varies 6,833, Varies 6,833, Dreyfus Treasury Cash Mgmt MM Varies Aaa MM Varies 0.00 Varies ,732 Wells Fargo Advantage Govt MM Varies Aaa MM Varies 24, Varies 24, ,120 AIG MFL 5.470% 08/26/21 Aa1 INVAGRMT 01/09/01 914, % 914, ,439,902 Rabobank International 4.360% 10/01/33 Aaa INVAGRMT 09/07/05 1,439, % 1,439,902 0 Held By Management Services Department: 0 Cash Varies NR Varies 0.00 Varies Fidelity Money Market Fund Varies Aaa MM Varies 0.00 Varies 0 0 Total Bond Investments 32,131, ,131,394 0 Market prices of securities are obtained from the fiscal agent holding the investment. Types of Investments: FFC Federal Farm Credit INVAGRMT Investment Agreement FHLB Federal Home Loan Bank LAIF Local Agency Investment Fund FHLMC Fed Home Loan Mortgage Corp MM Money Market Mutual Funds FNMA Federal National Mortgage Assn MTN Medium Term Note Page 18

21 Liability Claims Status... Fund 106 City of Fontana, Financial Performance Report Fiscal Year SelfInsurance Fund Status (Cash balances are based on daily estimates and are subject to change) Fund Balance Goal and Cost Assumptions Data Provided for May 31, 2016 Liability Projected Annual Costs Annual value of excess liability insurance $ 493,500 Other professional administrative costs 431,500 Annual claims value administered by risk Legal services 500,000 1,300,000 Miscellaneous Departmental Costs 12,000 Total Liability Projected Annual Costs $ 2,737,000 (1) Workers' Compensation Projected Annual Costs Annual value of excess liability insurance $ 129,000 Other professional administrative costs 346,000 Annual claims value administered by risk Legal services 1,050, ,000 Miscellaneous Departmental Costs 13,500 Total Workers' Compensation Projected Annual Costs $ 1,718,500 (1) Miscellaneous Services Projected Annual Costs Unemployment Insurance Expense $ 200,000 Risk Management is an important part of local government management with significant impact on public financial management. Risk management is interdisciplinary, involving finance, environmental management, public works, safety, transportation, parks, recreation, health, education, personnel, purchasing, and law. Risk management results in more effective use of funds that might otherwise be diverted to purchasing unnecessary or expensive insurance, replacing damaged property, or paying liability or workers' comp claims. Risk management identifies exposures that can be covered by means other than insuranceor that can be avoided completely. Risk management can lower expenditures by reducing the overall "costs of risk." Total Miscellaneous Services Projected Annual Costs $ 200,000 (1) Cash Reserves Claims Workers' Comp in reserve Risk Liability in reserve Miscellaneous reserves Risk cases CFD Litigation Total Cash Reserves Claims $ 5,213,774 1,245, ,000 Director HR/Risk Management $ 7,208,853 (2) Total Projected Annual Costs and Cash Reserves $ 11,864,353 YearEnd Cash Balance Forecast Fiscal Year 2015/2016 Available Total Budgeted Payment of Risk Liability Fund Balance Cash Budgeted Expenditures Extraordinary Surplus/(Deficit) July 1, 2015 Reserves (2) Revenues includes (1) from above Settlement Cash Balance $ 1,864,835 $ (7,208,853) $ 5,442,355 $ (5,049,770) $ $ (4,951,433) Page 19

22 City of Fontana, Financial Performance Report Cash Balance and Cash Available... All funds... Detail Listing CASH BALANCE Cash Balances Cash Balances Cash Balances Cash Balances FYs June 30, 2013 June 30, 2014 June 30, 2015 May 31, 2016 CITY FUNDS: 101 General Fund $ 19,661,100 $ 24,041,629 $ 26,536,792 $ 20,568,517 OTHER FUNDS WITH DEFICIT CASH BALANCES: 244 Prop IB (2,760,246) (2,081,442) (521,143) (521,143) 702 Sewer Capital Projects (56,465) (140,917) (387,230) (517,938) Total Other Funds With Deficit Cash Balances (3,556,385) (3,182,408) (1,297,847) (1,039,081) GRANTS: 321 Federal Law Enforcement Block Grant (21,948) 14,402 (1,535,402) (1,006,029) Reimb requested quarterly 362 Housing/Community Development Block Grants (12,024) Reimb requested monthly 385 After School Programs (391,747) (1,116,653) (431,487) (1,287,049) Reimb requested quarterly Total Grant Funds With Deficit Cash Balances (28,751) 259,525 (1,913,345) (2,305,102) TOTAL DEFICIT CASH FUNDS (2,419,840) (2,082,140) (2,747,258) (3,344,183) GENERAL FUND CASH AVAILABLE $ 17,241,260 $ 21,959,489 $ 23,789,534 $ 17,224,334 OTHER GENERAL FUNDS: 102 Equipment Replacement $ 1,566,285 $ 1,241,571 $ 1,528,622 $ 1,493, City Facility 2,050,404 2,115,605 1,700,993 1,924, OES 13,237 2,096 2,726 5, KFON 769, ,349 1,111,536 1,052, Selfinsurance other 2,175,787 1,883,145 1,641,406 1,934, Retirees Medical Benefits 13,418,379 15,927,385 18,336,862 21,314, Supplemental Retirement Plan 45,916 19,031 18,536 21, General Fund Operating Project 84, , , , Storm Water Compliance Fund 120, , , ,651 TOTAL OTHER FUNDS 20,243,632 22,511,192 24,940,083 28,289,600 INTERNAL SERVICE FUNDS: 751 Fleet Operations 2,345,833 1,740,293 2,018,252 3,027,184 GENERAL FUND CASH AVAILABLE WITH OTHER GENERAL FUNDS $ 39,830,725 $ 46,210,974 $ 50,747,869 $ 48,541,118 Page 20

23 City of Fontana, Financial Performance Report Cash Balance and Cash Available... All funds... Detail Listing (Continued) CASH BALANCE Cash Balances Cash Balances Cash Balances Cash Balances FYs June 30, 2013 June 30, 2014 June 30, 2015 May 31, 2016 OTHER CITY FUNDS: Estimated 201 Municipal Services Fiscal Impact 17,906,437 17,272,975 17,400,676 18,034, AB2928 State Traffic Congestion Relief 127,304 1, Crime Prevention Seizure 101,694 80,584 64,322 55, Federal Seizure 1,573,554 2,421,470 2,658,745 3,977, Police Seizure 24, , , , FSTOP (92,003) (159,507) 99, , AQMD 664, , , , Traffic Congestion Relief 4,867,812 4,472,962 4,411,007 4,398, Traffic Safety 2,183,369 2,041,071 1,588,091 1,216, Measure I Reimb 137, Measure I Local PassThru 4,812,559 6,909,613 8,558,823 10,395, Gas Tax 368,944 (17,938) 2,169,351 2,243, Solid Waste Mitigation 3,393,924 2,787,743 2,739,636 4,249, Grants (Public Safety, Parks, etc.) 2,764,624 1,621,924 2,524,318 2,736, State Grant AB3229 (78,723) 31,958 78, , Home Program 384,944 1,361,776 53,544 69, General Debt Service 93, Capital Reinvestment 10,634,404 4,821,642 4,845,723 5,888, Capital Improvement Program 1,071,853 (146,086) 242,532 96, Future Capital Projects 1,578,376 2,811, ,592 2,819, San Sevaine Flood Control 755, , , , Upper Etiwanda Flood Control 42,342 42,832 43,227 43, Storm Drainage 15,883,406 14,272,909 13,853,046 16,335, Sewer Expansion 6,363,269 7,151,927 7,871,826 10,486, Traffic Mitigation 14,107,402 20,097,358 18,235,236 25,426, Fire Assessment 1,081, , , , General Government Capital 1,433,990 1,766,038 2,198,948 4,405, Landscape Improvements 1,454,336 19, ,501 1,880, Library Capital 341, , ,250 1,021, Parks Development 1,649,425 1,608,360 3,239,892 5,603, Police Capital Improvements 858, , ,912 1,160, Underground Utilities 210, ,404 61,061 59, Sewer Maintenance & Operations 6,133,022 6,757, ,978 6,832, Sewer Hookup Deposits 622, , , , Sewer Replacement 14,926,355 13,669,655 19,851,516 14,240, Water Operations 243, , , , Refundable Deposits 1,740,822 3,064,023 2,963,957 4,364,011 TOTAL OTHER CITY FUNDS $ 128,921,094 $ 127,217,127 $ 123,123,308 $ 151,818,487 Page 21

24 Cash Balance and Cash Available... All funds... Detail Listing (Continued) CASH BALANCE Cash Balances Cash Balances Cash Balances Cash Balances FYs June 30, 2013 June 30, 2014 June 30, 2015 May 31, 2016 CFD/LMD DISTRICT FUNDS: Estimated 401 Landscape Maint Dist #1 $ 2,525,691 $ 2,646,535 $ 2,774,188 $ 2,874, Landscape Maint Dist #2 Heritage 1,102, , , , Landscape Maint Dist #31 Empire Center 129, , , ,258 General Fund subsidy $272, Landscape Maint Dist #3 Hunter's Ridge 2,115,213 2,243,958 2,341,670 2,565, Lighting District #3 Hunter's Ridge 53,945 50,884 45,904 44, CFD #1 Southridge 6,338,906 6,835,092 7,236,902 7,853, CFD #6 The Landings 2,357,209 2,530,389 2,660,000 2,719, CFD #61 Stratham 627, , , , CFD #62 North Morningside 229, , , , CFD #63A Bellgrove II 244, , , , CFD #7 County Club Estates 326, , , , CFD #8 Presley Development 1,058,285 1,072,651 1,089,950 1,076, CFD #9M Morningside 555, , , , CFD #10M Jurupa Industrial Center 165, , , , CFD #12 Sierra Lakes 2,408,048 2,480,168 1,315,002 1,323, CFD #13M Summit Heights 1,432,098 1,519,615 1,620,270 1,587, CFD #14M Sycamore Hills 598, , , , CFD #15M Silver Ridge 400, , , , CFD #16M Ventana Pointe 185, , , , CFD #18M Badiola Homes 21,583 23,933 26,116 30, CFD #20M Cottages 1 184, , , , CFD #21M Western Division 116, , , , CFD #23 CDS Homes 29,734 28,386 25,788 28, CFD #24M 116, , , , CFD #25M 273, , , , CFD #27M 88,027 75,151 65,425 72, CFD #28M 488, , , , CFD #29M 97,920 93,123 88,742 94, CFD #30M 575, , , , CFD #34 Empire Detention Basin 120, , , , CFD #33M Empire Lighting District 122, , ,510 90, CFD #31M 427, , , , CFD #32M 59,073 62,831 67,322 78, CFD #35M 2,065,104 2,005,615 1,935,404 1,974, CFD #36M 65,206 65,762 61,997 68, CFD #38M 496, , , , CFD #37 Montelago 284, , , , CFD #39M 63,329 69,246 72,008 77, CFD #40M 24,341 27,320 32,097 36, CFD #41M 82,770 88,794 90, , CFD #42M 200, , , , CFD #44M 32,864 33,512 32,585 35, CFD #45M 284, , , ,806 SUBTOTAL CFD/LMD FUNDS $ 29,177,767 $ 30,100,460 $ 29,466,761 $ 31,677,369 City of Fontana, Financial Performance Report Page 22

25 City of Fontana, Financial Performance Report Cash Balance and Cash Available... All funds... Detail Listing (Continued) CASH BALANCE Cash Balances Cash Balances Cash Balances Cash Balances FYs June 30, 2013 June 30, 2014 June 30, 2015 May 31, 2016 CFD/LMD DISTRICT FUNDS: Estimated 445 CFD #46M 179, , , , CFD #47M 19,738 21,394 20,545 24, CFD #48M 263, , , , CFD #49M 27,045 29,290 30,178 35, CFD #50M 58,236 70,569 84,618 99, CFD #51M 144, , , , CFD #53M 30,721 35,253 39,283 45, CFD #54M 46,782 57,128 65,215 74, CFD #55M 26,239 29,392 32,759 37, CFD #56M 36,089 44,069 51,654 61, CFD #57M 44,632 48,867 51,828 58, CFD #58M 6,282 6,789 6,950 9, CFD #59M 6,599 7,778 7,125 4, CFD #60M 49,524 56,090 60,589 66, CFD #61M 194, , , , CFD #62M 17,253 11,869 17,541 17, CFD #63M 176, , , , CFD #64M 19,793 24,952 30,151 35, CFD #65M 76,721 96, , , CFD #67M 104, , , , CFD #68M 24,587 48,751 71,028 93, CFD #69M 17,503 55,919 94, , CFD #70M 75, , , CFD #71M 110, , CFD #72M 10,774 21, CFD #73M 65, , CFD #74M 84, , CFD #75M 14,362 28, CFD #76M 33,512 67, CFD #77M 12,947 26, CFD #78M 35, CFD #31 Citrus Heights North 95,520 96,344 97,232 98, CFD #37 Montelago 24,036 24,314 24,538 24, CFD #70 Avellino 85,962 19,946 8, CFD #3 Hunter's Ridge Debt Service 184, CFD #71 Sierra Crest 17,334 97,568 SUBTOTAL CFD/LMD FUNDS 1,803,238 2,241,758 2,777,324 3,829,174 TOTAL CFD/LMD FUNDS $ 30,981,005 $ 32,342,218 $ 32,244,085 $ 35,506,543 TOTAL CITY FUNDS $ 199,732,824 $ 205,770,319 $ 206,115,262 $ 235,866,148 Page 23

26 City of Fontana, Financial Performance Report Cash Balance and Cash Available... All funds... Detail Listing (Continued) CASH BALANCE Cash Balances Cash Balances Cash Balances Cash Balances FYs June 30, 2013 June 30, 2014 June 30, 2015 May 31, 2016 SUCCESSOR AGENCY TO THE FONTANA REDEVELOPMENT AGENCY (FRA), FONTANA PUBLIC FINANCE AUTHORITY, AND FONTANA HOUSING AUTHORITY FUNDS: Estimated FONTANA HOUSING AUTHORITY: 297 Low and Moderate Income Housing Fund $ 6,199,375 $ 6,473,902 $ 6,354,959 $ 11,664, Affordable Housing Trust 104, , ,126 1,760, Fontana Housing Authority 1,816,325 1,761,721 2,169,446 2,194,417 Total Low/Mod Housing Funds 8,120,516 8,487,242 9,357,531 15,618,755 FONTANA COMMUNITY FOUNDATION FUND: 499 Fontana Community Foundation $ 107,024 $ 128,969 $ 127,335 $ 128,468 FONTANA FIRE DISTRICT: 497 Fontana Fire District $ 6,134,485 $ 10,943,088 $ 11,185,002 $ 13,488, FFD CFD ,978,231 2,127,630 2,707,724 3,004, Fontana Capital Project 8,437,660 7,570,325 7,015,877 4,274,604 Total Fontana Fire District Funds 16,550,376 20,641,043 20,908,603 20,767,715 SUCCESSOR AGENCY TO THE FONTANA REDEVELOPMENT AGENCY: 190 FRA Administration $ 26,360,553 $ $ 1,279,080 $ (26,259) 290 FRA Low/Mod (595,085) 230, , , FRA Downtown Debt Service 446, , , , FRA Jurupa Hills Debt Service 6,000 5,845,881 4,968,838 5,322, FRA No Fontana Debt Service 4,681,588 10,927,112 11,863,998 12,098, FRA Sierra Corridor Debt Svc 2,163,366 3,872,016 2,353,794 3,462, FRA SWIP Debt Service 4,592,230 4,047,887 2,605,971 2,598, FRA Downtown Project (448) (583) (259) (259) 693 FRA No Fontana Project 62,349 (160,339) (131,394) (801,615) 694 FRA Sierra Corridor Project (5,507) (159,026) 140, , FRA SWIP Project 5,436 (133,961) 29 Total Project/Debt Service Funds 37,717,564 25,393,349 24,054,847 23,814,739 TOTAL OTHER AGENCIES FUNDS $ 62,495,480 $ 54,650,608 $ 54,448,321 $ 60,329,677 TOTAL CITY AND OTHER AGENCIES FUNDS $ 262,228,304 $ 260,420,927 $ 260,563,583 $ 296,195,825 Page 24

27 City of Fontana, Financial Performance Report Amounts Due To/From City/FRA Funds and Approved Cash Flow Advances... Detail Listing Principal Unpaid Interest Total Due To/From Balances Balances Balances May 31, 2016 May 31, 2016 May 31, 2016 AMOUNTS DUE TO GENERAL FUND FROM OTHER FUNDS: 403 Landscape District #31 Empire Center 272, ,100 Noninterest bearing advance TOTAL AMOUNTS DUE TO GENERAL FUND FROM OTHER FUNDS $ 272,100 $ $ 272,100 AMOUNTS DUE TO GENERAL FUND FROM FRA FUNDS: 593 FRA/North Fontana Debt Service (Jr. Lien Bonds) 30,481,375 30,481, % interest 691 FRA/Downtown Debt Service (Administrative Expenses Loan) 787, , % interest TOTAL AMOUNTS DUE TO GENERAL FUND FROM FRA FUNDS $ 31,269,213 $ $ 31,269,213 TOTAL AMOUNTS DUE TO GENERAL FUND FROM OTHER FUNDS AND FRA FUNDS $ 31,541,313 $ $ 31,541,313 AMOUNTS DUE FROM MEASURE I AND CIRCULATION MITIGATION: 601 Capital Projects/Circulation Mitigation (630) 3,167,132 3,167,132 Noninterest bearing advance 603 Future Capital Projects/Measure I (245) 2,853,424 2,853,424 Noninterest bearing advance 603 Future Capital Projects/Circulation Mitigation (630) 15,381,251 15,381,251 Noninterest bearing advance TOTAL AMOUNTS DUE FOR SANBAG PROJECTS $ 21,401,807 $ $ 21,401,807 AMOUNTS DUE TO FUTURE CAPITAL PROJECTS FOR DIF ADVANCEMENT: 603 Capital Projects/Circulation Mitigation Fund (630) 31,360,091 31,360,091 Noninterest bearing advance TOTAL AMOUNTS DUE FOR DIF ADVANCEMENT $ 31,360,091 $ $ 31,360,091 AMOUNTS DUE TO OTHER CITY FUNDS FROM FRA FUNDS: 595 FRA ERAF payment due to Housing Authority # 297 $ 14,317,304 $ 14,317,304 Noninterest bearing advance 592 FRA/Jurupa Hills Debt Service due to Sewer Capital Fund #702 3,305,829 3,305, % interest TOTAL AMOUNTS DUE TO OTHER CITY FUNDS FROM FRA FUNDS $ 17,623,133 $ $ 17,623,133 Page 25

28 Monthly HookUps FY Totals "New" BL per Month Total FY Active BL City of Fontana, Financial Performance Report Factors Indicating the City s Economic Growth: Business Licenses: New businesses are those that first applied for a business license in that fiscal year. There were 8,748 active businesses in FY As of June 30, 2015 there were 9,034 active business licenses in the City. Businesses are recorded as renewals in the subsequent year. During the month of May 2016, 110 new business licenses were issued, primarily to ContractorSpecialty (42), ContractorGeneral (21) & Retail (16). In addition to these 110, the City received 30 other business license applications that are pending approval. As of May 31, 2016, there are 8,960 active business licenses representing a decrease of 74 since June 30, Business License accounts continue to be audited on a continuous basis and any accounts on delinquent status are removed from the Active status Other Categories Contractor Specialty Contractor General Retail FY 1516 "New" BL FY 1415 "New" BL per Month Business Type Retail Contractor General Contractor Specialty Other Categories FY 1516 "New" BL per FY 1516 "New" BL ,072 1,232 1,359 1,469 FY 1415 "New" BL ,132 1,279 1,397 1,526 Current FY Total Active BL 8,869 9,040 9,064 9,064 9,060 8,957 9,018 9,071 9,058 9,047 8,960 1,526 2,400 2,200 2,000 1,800 1,600 1,400 1,200 1, New Sewer HookUps: New sewer hookups indicate that new construction is ready for occupancy. A large number of residential housing hookups follow a large number of previously issued building permits. In May 2016, there were 17 new residential hookups and 9 commercial/industrial hookup New Sewer HookUps Fiscal Year (5) FY Residential FY Comm. & Ind. FY Totals FY Totals FY Totals FY Average FY Res. Permits (SFD) FY Res. Permits (SFD) FY Comm. & Ind FY Residential FY Totals FY Comm. & Ind FY Residential FY Totals Page 26

29 City of Fontana, Financial Performance Report Capital Reinvestment Fund #601 Fund Description: The Capital Reinvestment Fund was established in May 1998 to separate General Fund allocations for capital projects from operating funds. Its mission is to implement the City Council goal to invest 10% of the annual General Fund appropriations into discretionary infrastructure projects as defined in the SevenYear Capital Improvement Program. Revenue Source: The Capital Reinvestment Fund s main source of revenue is the General Fund. In the past 13 fiscal years, Capital Projects actual expenditures have totaled $187,051,004 through June 30, Job Number Description Capital Budget Actuals Encumbrances Remaining Budget Notes Development Services Engineering Valley Blvd Transition District 275, , General Plan 1,609, , ,279 59, KIA Auto Mall 1,220,003 9,637 1,210, I10/Cherry Interchange 264, , , Sawtooth Project 2,462,420 1,984,112 10, , Sierra at Metrolink Crossing 98,180 29,272 68, Oleander/Highland TS 305, ,772 39,835 80, Auto Center Monument 150,000 16, ,200 Public Works As of May 31, Pavement Rehabilitation 29,207,108 26,950, ,102 1,898, San Bernardino Ave Paving 2 Party 8,440,800 7,379,786 56,618 1,004, Cherry/Walnut Storm Drain Repair 185, , , Sidewalk Rehab Projet 500, ,471 14, , Fontana Museum Project 700, ,082 4, ,918 Total: $ 45,416,924 $ 38,587,583 $ 1,231,328 $ 5,598,013 Project Page 27

30 Grants and Rebates City of Fontana, Financial Performance Report Grants Awarded $2,493,101 $492,808 $2,000 $3,000 $555,634 $1,103,399 $1,141,727 $65,593 $2,467,897 $900,000 $41,963 $484,488 $50,000 $252,500 $276,614 $40,872 $588,000 $588,000 $395,596 $14,172 $2,200 $2,540 $32,430 $18,498 $11,750 $2,500 $14,172 $1,200 $2,540 $32,430 $18,498 $11,750 $2,500 $2,590,722 The City is aggressively pursuing Grant money as a source to fund projects throughout the City. The purpose of this graph and related information is to report on a monthly and year to date basis the status of grants and rebates that have been awarded during the fiscal year 2015/2016, as well as applications that have been submitted. $1,000,000 $750,000 Grant & Rebate Dollars Awarded & Applications Submitted By Department Fiscal Year 2015/2016 Grants Awarded Grants Submitted Rebates Awarded Rebates Submitted $500,000 $250,000 Grants Submitted Rebate/Other Awarded Rebate/Other Submitted Departments YTD Fontana Community Foundation City Administration Human Resources Information Technology Public Works 53,256 56, ,000 $359,390 Police 777,335 41,963 2,500 $821,798 AdmSvc/EconDev/Housing 2,475,101 $2,475,101 Engineering 30, ,000 2,467,897 40, ,000 $4,026,769 Development Services Fontana Fire District *Community Services 18, , ,593 $446,401 Total $2,493,101 $1,103,399 $1,141,727 $2,467,897 $41,963 $252,500 $40,872 $588,000 $8,129,459 Fontana Community Foundation City Administration Human Resources Information Technology Public Works 250,000 51,614 $301,614 Police 55,634 15,000 $70,634 Admin ServicesHousing Engineering 430, ,000 2,470,722 50, , ,000 $4,263,722 Development Services Fontana Fire District 650,000 $650,000 Community Services 62, ,000 65, , ,596 $1,113,485 Total $492,808 $555,634 $2,590,722 $65,593 $900,000 $484,488 $50,000 $276,614 $588,000 $395,596 $6,399,455 Police 2,000 14,172 1,200 2,540 2,430 13,998 $36,340 AdmSvc/EconDev/Housing Public Works Engineering Fontana Fire District Community Services* 1,000 30,000 4,500 11,750 2,500 $49,750 Total $2,000 $14,172 $2,200 $2,540 $32,430 $18,498 $11,750 $2,500 $86,090 Police 2,000 14,172 1,200 2,540 2,430 13,998 $36,340 AdmSvc/EconDev/Housing Public Works Engineering Fontana Fire District Community Services 1,000 30,000 4,500 11,750 2,500 $49,750 Total $3,000 $14,172 $1,200 $2,540 $32,430 $18,498 $11,750 $2,500 $86,090 * Community Services is expected to receive reimbursements of $3,288,950 for the fiscal year from the Fontana Unified School District Prop. 49 After School Education and Safety (ASES) program. Note: Amounts above include grants awarded in this Fiscal Year. These figures do not include any carryover funds or multiyear grants awarded in prior fiscal years. Page 28

31 Grant Detail City of Fontana, Financial Performance Report Grants Awarded Grant Name Funding Source Fund # Date Amount Fontana Community Foundation Public Works City/County Payment Program FY14/15 Beverage Container Recycling State 301 SEPTEMBER 2015 $53,256 Oil Payment Program FY (OPP6) State 301 NOVEMBER 2015 $56,134 Rubberized Pavement Grant Program 18892:(TRP ) 6th Cycle STATE 301 MARCH 2016 $250,000 Police Wells Fargo Foundation F.R.S.T FOUNDATION 301 MARCH 2016 $2,500 OTS STEP Grant 1516 State 301 SEPTEMBER 2015 $215,933 ABC OTS Mini Grant ABC Enforcement 15/16 STATE 301 SEPTEMBER 2015 $14,900 BJA Body Worn Cameras FY 1415 Federal 301 SEPTEMBER 2015 $546,502 Homeland Security Grant 2015Cyber Security & Equipment FEDERAL 301 JANUARY 2016 $41,963 Administrative Services/Economic Development/Housing Community Development Block Grant (CDBG) Program 15/16 Federal 362 JULY 2015 $1,903,423 HOME Investment Partnerships Program (HOME) 15/16 Federal 363 JULY 2015 $405,440 Emergency Solutions Grant (HESG) Program 15/16 Federal 362 JULY 2015 $166,238 Engineering Active Transportaion Safety & Encouragement Campaign 1516Open Streets SCAG na SEPTEMBER 2015 $30,000 MSRC San Sevaine Bike Trail, PH I, Segment II AQMD 241 NOVEMBER 2015 $500,000 HSIP Cycle 7 Centracs Software System FEDERAL 243 NOVEMBER 2015 $400,000 CA State Parks Recreational Trail Program San Sevaine Trail, PH I, Seg 1 STATE 301 DECEMBER 2015 $2,467,897 Transportation Development Article 3, PH II ADA Bus Stop Access STATE 301 APRIL 2016 $40,872 SANBAG TDA Article 3ATP Cycle 3, San Sevaine Trail PH I,Seg 2 STATE 301 MAY 2016 $588,000 Development Services Fontana Fire District Community Services Kaiser Farm Fresh for Fontana Families Farmers Market Support Foundation 301 SEPTEMBER 2015 $18,000 x USDA Network for Healthy CA San Bern. County CX3 (SNAPED) 13/14 RND 4 Federal 301 SEPTEMBER 2015 $62, FTA 2 Senior Vans Federal 301 SEPTEMBER 2015 $180,000 x 2016 Childhood Obesity Prevention Grant 301 NOVEMBER 2015 $120,000 USDA Network for Healthy CA San Bern. County CX3 (SNAPED) 13/14 RND 5 Federal 301 NOVEMBER 2015 $65,593 Grant Applications Submitted Fontana Community Foundation Total through June 2016 $8,129,459 Human Resources Public Works Rubberized Pavement Grant Program 18892:(TRP ) 6th Cycle STATE 301 DECEMEBER 2015 $250,000 AWARDED City/County Payment Program FY15/16 Beverage Container Recycling State 301 MARCH 2016 $51,614 Police ABC OTS Mini Grant ABC Enforcement 15/16 STATE 301 AUGUST 2015 $14,900 AWARDED Homeland Security Grant 2015Cyber Security & Equipment FEDERAL 301 AUGUST 2015 $40,734 AWARDED Wells Fargo Foundation F.R.S.T FOUNDATION 301 JANUARY 2016 $15,000 AWARDED OTS STEP Grant FY 2017 traffic OT STATE 301 JANUARY 2016 $364,395 Administrative Services/Economic Development/Housing Engineering Active Transportaion Safety & Encouragement Campaign 1516Open Streets SCAG na JULY 2015 $30,000 AWARDED HSIP Cycle 7 Centracs Software System FEDERAL 243 JULY 2015 $400,000 AWARDED MSRC San Sevaine Bike Trail AQMD 241 AUGUST 2015 $500,000 AWARDED CA State Parks Recreational Trail Program San Sevaine Trail, Segment 1 STATE 301 SEPTEMBER 2015 $2,470,722 AWARDED Transportation Development Article 3, PH II ADA Bus Stop Access STATE 301 FEBRUARY 2016 $50,000 AWARDED Caltrans Systemic Safety Analysis Report Program (SSAR) STATE 301 MARCH 2016 $225,000 SANBAG TDA Article 3ATP Cycle 3, San Sevaine Trail PH I,Seg 2 STATE 301 APRIL 2016 $588,000 AWARDED Development Services Fontana Fire District Assistance to Firefighters Grant (AFG) 2015 PPE SCBA FEDERAL 301 DECEMBER 2015 $650,000 Community Services USDA Network for Healthy CA San Bern. County CX3 (SNAPED) 13/14 RND 4 Federal 301 JULY 2015 $62,808 AWARDED 2016 Childhood Obesity Prevention Grant 301 SEPTEMBER 2015 $120,000 AWARDED IMLS National Medal for Museum & Library Services Award Federal SEPTEMBER 2015 Award Application NOT AWARDED USDA Network for Healthy CA San Bern. County CX3 (SNAPED) 13/14 RND 4 Federal 301 NOVEMBER 2015 $65,593 AWARDED Robert Wood Johnson Foundation Invest in Health Foundation 301 JANUARY 2016 $60,000 NOT FUNDED Market Match/Ecology Center Healthy Fontana Farmers Market NonProfit 101 JANUARY 2016 $45,093 NOT FUNDED County Human ServicesNutrition Education & Obesity Prevention (NEOP) COUNTY 301 MAY 2016 $395,596 Total through June 2016 $6,399,455 Page 29

32 City of Fontana, Financial Performance Report Rebates, Donations & other Awards Detail Awarded Name Public Works Funding Source Fund # Date Cash Amount Value Amount Police Fontana Federation of Hope Fontana Police Explorer Post #531 JULY 2015 $2,000 Volunteer Appreciation Banquet Police Benefit Assoc. SEPTEMBER 2015 $200 Community Emergency Response Team So Cal Edison Donation SEPTEMBER National Night Out Various AUGUST 2015 $50 $200 National Night Out Ontario Reign AUGUST 2015 $100 National Night Out Rio Ranch Market AUGUST 2015 $450 National Night Out Target AUGUST 2015 $200 National Night Out Edgar Pazmino Jr. AUGUST 2015 $250 National Night Out 66er's AUGUST 2015 $70 National Night Out Dave & Busters AUGUST 2015 $60 Heroes & Helpers/ Bicycle Giveaway AUGUST 2015 $12,792 Red Ribbon Breakfast 2015 Police Management Association OCTOBER 2015 $200 Red Ribbon Breakfast 2015 Police Benefit Association OCTOBER 2015 $150 Red Ribbon Breakfast 2015 Hilton Garden Inn OCTOBER 2015 $80 Red Ribbon Breakfast 2015 Thompsons Building Materials OCTOBER 2015 $160 Red Ribbon Breakfast 2015 Hadley Tow OCTOBER 2015 $750 Red Ribbon Breakfast 2015 Armada Transport OCTOBER 2015 $750 Red Ribbon Breakfast 2015 Weiner Family Trust OCTOBER 2015 $100 Red Ribbon Breakfast 2015 Costco OCTOBER 2015 $80 Red Ribbon Breakfast 2015 Kiwanis Club of Fontana OCTOBER 2015 $100 Red Ribbon Breakfast 2015 Exchange Club of Fontana OCTOBER 2015 $100 Red Ribbon Breakfast 2015 Janet M. KoehlerBrooks OCTOBER 2015 $70 Volunteer Appreciation Christmas Banquet Center Stage NOVEMBER 2015 $163 Volunteer Appreciation Christmas Banquet Jimmy Johns NOVEMBER 2015 $200 Volunteer Appreciation Christmas Banquet Abundant Life Chiropractic NOVEMBER 2015 $98 Volunteer Appreciation Christmas Banquet Corkey's Kitchen & Bakery NOVEMBER 2015 $20 Volunteer Appreciation Christmas Banquet Hilton Garden Inn NOVEMBER 2015 $104 Volunteer Appreciation Christmas Banquet Big 5 NOVEMBER 2015 $50 Volunteer Appreciation Christmas Banquet Inland Empire 66ers NOVEMBER 2015 $48 Volunteer Appreciation Christmas Banquet Dave & Busters NOVEMBER 2015 $60 Volunteer Appreciation Christmas Banquet IHOP NOVEMBER 2015 $660 Volunteer Appreciation Christmas Banquet POA NOVEMBER 2015 $230 Volunteer Appreciation Christmas Banquet Red Hill Restaurant NOVEMBER 2015 $200 Volunteer Appreciation Christmas Banquet Menchies NOVEMBER 2015 $100 Volunteer Appreciation Christmas Banquet Sizzler NOVEMBER 2015 $60 Volunteer Appreciation Christmas Banquet PMA NOVEMBER 2015 $200 Volunteer Appreciation Christmas Banquet Ontario Reign Hockey Club NOVEMBER 2015 $116 Volunteer Appreciation Christmas Banquet Cheesecake Factory NOVEMBER 2015 $25 Volunteer Appreciation Christmas Banquet Rancho Cucamonga Quakes NOVEMBER 2015 $96 Heroes & Helpers/ Bicycle Giveaway Police Officers Association DECEMBER 2015 $2,000 Heroes & Helpers/ Bicycle GiveawaySBC Firefighters Association DECEMBER 2015 $1,250 Heroes & Helpers/ Bicycle GiveawayTarget DECEMBER 2015 $2,000 Heroes & Helpers/ Bicycle GiveawayPolice Management Association DECEMBER 2015 $1,000 Heroes & Helpers/ Bicycle GiveawayRed Hill Restaurant DECEMBER 2015 $100 Heroes & Helpers/ Bicycle GiveawayArmada Transport, Inc DECEMBER 2015 $1,000 Heroes & Helpers/ Bicycle GiveawayCycling Connection DECEMBER 2015 $4,450 Heroes & Helpers/ Bicycle GiveawayCoats Cyclery DECEMBER 2015 $1,500 Heroes & Helpers/ Bicycle GiveawayJenson USA DECEMBER 2015 $698 Administrative Services/Economic Development/Housing Engineering Fontana Fire District Community Services Let's Move on the Trail Event San Bernardino Dept. of Public Health SEPTEMBER 2015 $1,000 Senior Community Center Fontana Foundation of Hope NOVEMBER 2015 $30,000 Festival of Winter Fontana Nissan DECEMBER 2015 $1,000 Festival of Winter Thompson Building Materials DECEMBER 2015 $2,500 Festival of Winter Westech College DECEMBER 2015 $1,000 Fontana Car Show Seindners Collision FEBRUARY 2016 $2,000 Fontana Days Run Aldi FEBRUARY 2016 $2,500 Fontana Days Run Thompson Building Materials FEBRUARY 2016 $5,000 Summer Concert Series BelAir SwapMeet, Inc. FEBRUARY 2016 $2,000 Summer Concert Series Fontana Recycling Center FEBRUARY 2016 $250 Fontana Days Run San Gabriel Valley Water APRIL 2016 $2,500 Total through June 2016 $60,320 $25,770 Applications Submitted Cash Amount Value Amount Public Works Police Fontana Federation of Hope Fontana Police Explorer Post #531 JULY 2015 $2,000 National Night Out Various AUGUST 2015 $50 $1,330 Heroes & Helpers/ Bicycle Giveaway AUGUST 2015 $12,792 Volunteer Appreciation Banquet Police Benefit Assoc. SEPTEMBER 2015 $200 S C Edision Community Emergency Response Team (CERT) SEPTEMBER 2015 $1,000 Red Ribbon Breakfast 2015 OCTOBER 2015 $2,540 Volunteer Appreciation Christmas Banquet NOVEMBER 2015 $430 $2,000 Heroes & Helpers/ Bicycle Giveaway DECEMBER 2015 $4,350 $9,648 Administrative Services/Economic Development/Housing Engineering Fontana Fire District Community Services Let's Move on the Trail Event San Bernardino Dept. of Public Health JULY 2015 $1,000 Senior Community Center Fontana Foundation of Hope NOVEMBER 2015 $30,000 Festival of Winter Westech College DECEMBER 2015 $1,000 Festival of Winter Thompson Building Materials DECEMBER 2015 $2,500 Festival of Winter Fontana Nissan DECEMBER 2015 $1,000 Summer Concert Series BelAir SwapMeet, Inc. FEBRUARY 2016 $2,000 Summer Concert Series Fontana Recycling Center FEBRUARY 2016 $250 Fontana Days Run Aldi FEBRUARY 2016 $2,500 Fontana Car Show Seindners Collision FEBRUARY 2016 $2,000 Fontana Days Run Thompson Building Materials FEBRUARY 2016 $5,000 Fontana Days Run San Gabriel Valley Water APRIL 2016 $2,500 Total through June 2016 $60,320 $25,770 Page 30

33 Survey Rating Survey Rating Survey Rating City of Fontana, Financial Performance Report Development Services Organization Customer Service Quality Assurance Each month the Development Services Organization sends 150 surveys to a random sampling of customers. There were 18 survey cards received in May The surveys request a rating of the level of customer assistance that was received. A rating of 1 is below expectations. A rating of 5 is above expectations. The survey also invites the customer to comment on the service that was received. The following charts summarize the responses received. The Development Services front counter staff assisted 1,891 customers in May which equates to 105 customers per day March 2016 (14 surveys returned) April 2016 (19 surveys returned) Surveys Returned Surveys Returned May 2016 Current (18 surveys returned) Surveys Returned Page 31

34 City of Fontana, Financial Performance Report As of May 31, 2016, the Helicopter program has spent 82.75% of their annual budget compared to a target of 91.67%. SIGNIFICANT ITEMS: August Helicopter costs includes a loan payment for $157,684 for the R66 helicopter and $78,134 for aviation insurance premiums. September Helicopter costs reflect a reimbursement received of $16,151 for overcalculated interest. October Helicopter costs includes the purchase of a digital image processing system in the amount of $129,836. December personnel costs includes 3 payroll periods. January Helicopter costs includes $113,000 for an engine overhual. February Helicopter costs includes $19,651 for helicopter maintenance and engine overhaul. $2,500,000 $2,400,000 $2,300,000 $2,200,000 $2,100,000 $2,000,000 $1,900,000 $1,800,000 $1,700,000 $1,600,000 $1,500,000 $1,400,000 $1,300,000 $1,200,000 $1,100,000 $1,000,000 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 Helicopter Program 2,078,638 1,563,677 1,178,596 Excludes encumbrances of $61,254 Monthly Actuals FY Actuals FY Budget FY Actuals FY Actuals Expenditure Categories Personnel $ 59,502 $ 46,771 $ 49,093 $ 51,558 $ 47,954 $ 78,844 $ 46,431 $ 50,008 $ 50,693 $ 51,761 $ 50,076 Hanger Costs 2,825 12,875 1,525 1,525 14,995 6,015 6,015 6,015 6,015 1,525 10,505 Helicopter Costs 3, ,516 (6,287) 167,477 25,494 7, ,836 26,639 16,127 7,637 17,170 Other Operating Costs Monthly Actuals $ 65,715 $ 312,952 $ 44,462 $ 220,648 $ 88,620 $ 92,767 $ 173,308 $ 82,957 $ 73,613 $ 60,986 $ 77,859 FY Actuals 65, , , , , , ,472 1,081,429 1,155,042 1,216,028 1,293,887 FY Budget 130, , , , , , ,145 1,042,451 1,172,758 1,303,064 1,433,371 1,563,677 FY Actuals 139, , , , , ,976 1,250,833 1,321,098 1,380,961 1,429,824 1,480,703 2,078,638 Page 32

35 City of Fontana, Financial Performance Report $25,000,000 $22,500,000 $20,000,000 Fire Services County Contract 24,406,707 22,986,273 20,611,844 $17,500,000 As of May 31, 2016, Fire has spent 93.17% of their annual contract compared to a target of 91.67%. SIGNIFICANT ITEMS: $15,000,000 $12,500,000 $10,000,000 $7,500,000 $5,000,000 $2,500,000 $0 Monthly Actuals FY Actuals FY Budget FY Actuals FY Actuals Expenditure Categories Salaries & Benefits $ 1,494,527 $ 1,102,358 $ 2,104,866 $ 1,352,021 $ 1,432,418 $ 1,418,825 $ 2,017,563 $ 2,490,143 $ 2,253,931 $ 1,491,978 $ 1,946,883 Operating Expenses 10, ,600 53,728 5, ,508 15,385 7, ,692 23,584 53, ,848 Station Expenses 53,730 92,435 81,622 71,988 59, ,681 88, , , , ,314 Fire Prevention Services 2, , ,877 35,789 1, ,179 41,568 Admin Overhead 484, , ,841 Monthly Actuals $ 1,558,906 $ 1,398,829 $ 2,241,157 $ 1,431,196 $ 1,727,609 $ 1,577,768 $ 2,148,952 $ 3,333,578 $ 2,649,530 $ 1,654,104 $ 3,017,454 FY Actuals 1,558,906 2,957,735 5,198,892 6,630,088 8,357,697 9,935,465 12,084,417 15,417,995 18,067,525 19,721,629 22,739,083 FY Budget 2,033,892 4,067,785 6,101,677 8,135,569 10,169,461 12,203,354 14,237,246 16,271,138 18,305,030 20,338,923 22,372,815 24,406,707 FY Actuals 1,146,358 3,064,374 4,589,232 7,050,731 8,664,850 12,130,683 13,825,198 15,318,413 16,757,077 19,484,686 21,414,744 22,986,273 Page 33

36 City of Fontana, Financial Performance Report INTERCHANGE PROJECTS I10/CHERRY INTERCHANGE I15/DUNCAN CANYON I10/Cherry Inception to date Expenditures I15/Duncan Canyon Inception to date Expenditures Opened for Use January 2015 Opened for Use October 2015 As of the Work this Total Work % Completed As of the Work this Total Work % Completed 30th of month Completed Construction Budget 30th of month Completed Construction Budget FY 08/09 $ $ 77, % 0.75% FY 08/09 $ 1,976,968 $ 1,976, % 5.5% FY 09/ , % 0.75% FY 09/10 583,862 2,560, % 7.2% FY 10/11 386, , % 4.48% FY 10/11 1,971,967 4,532, % 12.7% FY 11/12 33, , % 4.80% FY 11/12 1,193,606 5,726, % 16.0% FY 12/13 3,950,954 4,448, % 42.95% FY 12/13 9,929,550 15,655, % 43.8% FY 13/14 1,775,942 6,224, % 60.10% FY 13/14 10,523,271 26,179, % 73.2% FY 14/15 3,170,827 9,395, % 90.71% FY 14/15 4,838,556 31,017, % 86.7% FY 15/16 FY 15/16 July 9,395, % 90.71% July 1,966 31,019, % 86.7% August 9,395, % 90.71% August 223,999 31,243, % 87.3% September 9,395, % 90.71% September 1,021,006 32,264, % 90.2% October 32,958 9,428, % 91.03% October 1,075,825 33,340, % 93.2% November 1,373 9,429, % 91.05% November 518,605 33,859, % 94.6% December 9,429, % 91.05% December 105,081 33,964, % 94.9% January 9,429, % 91.05% January 183,177 34,147, % 95.4% February 2,381 9,431, % 91.07% February 16,387 34,163, % 95.5% March 9,431, % 91.07% March 9,275 34,173, % 95.5% April 9,431, % 91.07% I10/Citrus Inception to date Expenditures April 489,740 34,662, % 96.9% May 881 9,432, % 91.08% Opened for Use May 2014 May 43,455 34,706, % 97.0% June June Budgeted Funding Sources: Construction Cost: As of the Work this Total Work % Completed 601 Capital Reinvestment $ 264,413 Administrative $ 111,833 30th of month Completed Construction Budget Budgeted Funding Sources: Construction Cost: 630 Circulation Mitigation 9,989,500 Environmental FY 05/06 $ $ 432, % 1.5% 244 Prop 1B $ 13,972,000 Administrative 695 SWIP Capital Projects 102,820 Land Acquisition/ROW 856,000 FY 06/07 16, , % 1.6% 601 Capital Reinvestmen 3,330,112 Environmental Design 49,900 FY 07/08 740,331 1,189, % 4.1% 622 Storm Drain 5,900,473 Land Acquisition/ROW 1,496,394 Construction 9,339,000 FY 08/09 1,247,909 2,437, % 8.4% 630 Circulation Mitigation 7,249,970 Design Utilities FY 09/10 3,560,974 5,998, % 20.8% 659 CFD # 70 Avellino 200,000 Construction Other Costs (CAP ACQ) FY 10/11 2,189,807 8,187, % 28.3% 693 North Fontana Cap P 5,127,876 Utilities FY 11/12 2,675,687 10,863, % 37.6% Other Costs (CAP ACQ) Total Funding Sources $ 10,356,733 Total Construction $ 10,356,733 FY 12/13 8,927,985 19,791, % 68.5% * Negative amounts in the month of July is due to yearend accrual reversals. FY 13/14 3,643,962 23,435, % 81.1% Total Funding Sources $ 35,780,431 Total Construction FY 14/15 3,250,938 26,686, % 92.4% FY 15/16 July 100,000 26,786, % 92.7% August ,787, % 92.7% September 26,787, % 92.7% October 10,670 26,798, % 92.8% November 5,377 26,803, % 92.8% December 26,803, % 92.8% January 26,803, % 92.8% February 7,871 26,811, % 92.8% March 26,811, % 92.8% April ,811, % 92.8% May 10,280 26,821, % 92.8% June Budgeted Funding Sources: I10/CITRUS INTERCHANGE Construction Cost: 242 Measure I $ 653,662 Administrative 245 Measure I Nexus 4,810,430 Environmental 281 Gas Tax (State) 541,726 Land Acquisition/ROW 301 Grants 3,238,000 Design 302 Transp Enhancement Construction $ 3,729,967 6,635,678 4,904,926 13,617, Capital Reinvestment 1,177,543 Utilities 630 Circulation Mitigation 17,766,893 Other Costs (CAP ACQ) 695 SWIP Capital Projects 699,393 Total Funding Sources $ 28,887,647 Total Construction $ 28,887,647 $ 403,887 3,567,895 30,312,255 $ 35,780,431 Page 34