2016 SnapShot DEC Monthly Financial Report Citywide Revenue, excluding transfers between funds, $281.5 million (10.0% under budget projections) Sales & Use Tax Collection, $48.8 million (3.2% above budget projections) Citywide Expenditures, excluding transfers between funds, $269.5 million (27.8% below budget projections) Citywide Revenues & Expenditures General Fund Revenues & Expenditures Capital Projects Tax Totals & Comparison 2-3 4-5 5 6-7 Flood Update 8-9 Citywide Revenues exceed Expenditures by $12.0 million; Citywide Operating Revenues exceed Operating Expenditures by $56.4 million. General Fund Revenue, excluding transfers between funds, $89.3 million (2.9% above budget projections) General Fund Expenditures, excluding transfers between funds, $71.8 million, (6.3% below budget projections) General Fund Revenues (including transfers) exceed Revenues (including transfers) by $600 thousand; General Fund Year-to-Date Operating Revenues (excluding transfers) exceed General Fund Year-to-Date Operating Expenditures (excluding transfers and capital) by $17.5 million. Geo Codes & Sales Tax SIC Health Care Claims Activity Measures 10-12 13 14 Sales / Use Tax Basics Rialto Quarterly Report 15 Loveland: a vibrant community surrounded by natural beauty where you belong. 2016 Sales Tax Motor Vehicle Use Tax Building Materials Use Tax Combined 2016 $ 42,167,132 $ 2,575,000 $ 2,549,157 $ 47,291,289 Actual 2016 41,883,791 3,567,625 3,332,366 48,783,782 % of 99.3% 138.5% 130.7% 103.2% Actual 2015 $ 40,761,528 $ 3,252,500 $ 3,240,831 $ 47,254,859 Change from prior yr 2.8% 9.7% 2.8% 3.2% City of Loveland 500 East 3rd Street Loveland, CO 80537 (970) 962-2300
Citywide Revenues & Expenditures Combined Statement of Revenues and Expenditures 2016 REVENUE Current Month YTD Actual YTD Revised % of General Governmental 1 General Fund $ 6,944,797 $ 89,309,943 $ 86,755,920 102.9% 2 Special Revenue 744,225 9,687,747 16,672,840 58.1% 1 3 Other Entities 127,971 28,734,316 29,560,105 97.2% 4 Internal Service 1,629,936 19,930,038 19,058,891 104.6% 5 Subtotal General Govt Operations 9,446,928 147,662,045 152,047,756 97.1% 6 Capital Projects 1,154,274 14,738,229 9,697,145 152.0% Enterprise Fund 7 Water & Power 7,450,461 101,957,256 134,137,575 76.0% 2 8 Stormwater 595,254 6,354,039 6,065,850 104.8% 9 Golf 15,321 3,964,574 3,977,755 99.7% 10 Solid Waste 507,707 6,847,587 6,915,652 99.0% 11 Subtotal Enterprise 8,568,743 119,123,456 151,096,832 78.8% 12 Total Revenue $ 19,169,945 $ 281,523,730 $ 312,841,733 90.0% Prior Year External Revenue 268,105,893 Increase From Prior Year 5.0% 13 Internal Transfers 3,774,201 25,201,494 52,561,039 47.9% 14 Grand Total Revenues $ 22,944,146 $ 306,725,224 $ 365,402,772 83.9% EXPENDITURES General Governmental 15 General Fund 4,599,913 69,354,348 72,613,365 95.5% 16 Special Revenue 1,021,451 12,286,952 13,984,697 87.9% 17 Other Entities 1,096,017 26,802,162 28,268,651 94.8% 18 Internal Services 2,263,225 18,755,980 21,829,233 85.9% 19 Subtotal General Gov't Operations 8,980,606 127,199,441 136,695,946 93.1% 20 Capital 3,124,494 59,113,569 138,078,484 42.8% Enterprise Fund 21 Water & Power 5,909,771 71,262,787 83,795,053 85.0% 22 Stormwater 66,714 2,736,954 4,445,204 61.6% 23 Golf 144,783 3,671,061 3,914,902 93.8% 24 Solid Waste 611,601 5,512,457 6,093,909 90.5% 25 Subtotal Enterprise 6,732,869 83,183,260 98,249,068 84.7% 26 Total Expenditures $ 18,837,968 $ 269,496,270 $ 373,023,498 72.2% Prior Year External Expenditures 271,408,840 Increase (-Decrease) From Prior Year -0.7% 27 Internal Transfers 3,774,201 25,201,494 52,561,039 47.9% 28 Grand Total Expenditures $ 22,612,169 $ 294,697,764 $ 425,584,537 69.2% 1 Revenue is lower than projected due to timing of when capital projects are done, and federal grants are drawn on those projects. 2 Revenue is lower than projected due to timing of transfers for interfund debt service payments. Special Revenue Funds: Community Development Block Grant, Cemetery, Local Improvement District, Lodging Tax, Affordable Housing, Seizure & Forfeitures, Transit, Transportation. Other Entities Fund: Special Improvement District #1, Airport, General Improvement District #1, Loveland Urban Renewal Authority, Loveland/Larimer Building Authority, Loveland Fire and Rescue Authority. Internal Service Funds: Risk/Insurance, Fleet, Employee Benefits. - 2 - City of Loveland
Monthly Financial Report General Fund Revenue, excluding capital and transfers between funds, $89.3 million (2.9% above budget projections) 2.7% above 2015 YTD General Fund Expenditures, excluding capital and transfers between funds, $69.4 million (4.5% below budget projections) 2.4% above 2015 YTD Water & Power Revenue, excluding transfers between funds, $102 million (24.0% below budget projections) 9.3% above 2015 YTD Water & Power Expenditures, excluding transfers between funds, $71.3 million (15.0% below budget projections) 1.9% above 2015 YTD Other Entities Fund Revenue, excluding transfers between funds, $28.7 million (2.8% below budget projections) 7.4% below 2015 YTD Other Entities Expenditures, excluding capital and transfers between funds, $26.8 million (5.2% below budget projections) 11.1% below 2015 YTD SnapShot City of Loveland - 3 -
General Fund Revenues & Expenditures General Fund Revenue & Expenditures 2016 REVENUES Current Month YTD Actual YTD Revised % of 1 Taxes 2 Property tax $ 31,024 $ 8,705,926 $ 8,514,240 102.3% 3 Sales tax 3,363,390 41,883,791 42,167,132 99.3% 4 Building use tax 600,763 3,332,366 2,549,157 130.7% 5 Auto use tax 311,044 3,567,625 2,575,000 138.5% 6 Other taxes 341,462 3,040,033 2,985,662 101.8% 7 Intergovernmental 76,791 749,115 659,799 113.5% 8 License & Permits 9 Building Permits 356,472 2,775,196 2,947,140 94.2% 1 10 Other Permits (119,996) 279,290 170,548 163.8% 11 Charges for Services 1,248,232 15,577,061 15,394,982 101.2% 12 Fines & Forfeitures 63,460 931,620 922,800 101.0% 13 Interest Income 47,637 473,015 328,430 144.0% 14 Miscellaneous 624,517 7,994,906 7,541,030 106.0% 15 Subtotal 6,944,797 89,309,943 86,755,920 102.9% 16 Interfund Transfers 6,841 107,191 107,191 100.0% 17 Total Revenue $ 6,951,638 $ 89,417,134 $ 86,863,111 102.9% EXPENDITURES Operating Expenditures 18 Legislative 13,135 150,109 144,678 103.8% 19 Executive & Legal 203,188 2,558,781 2,536,672 100.9% 20 City Clerk & Court Admin 36,441 576,763 693,334 83.2% 21 Economic Development 108,229 2,420,696 3,006,377 80.5% 22 Cultural Services 181,804 2,024,786 2,060,375 98.3% 23 Development Services 349,567 4,028,409 4,596,253 87.6% 24 Finance 406,779 4,988,520 5,235,315 95.3% 25 Fire & Rescue - - - 0.0% 26 Human Resources 84,394 1,173,826 1,285,939 91.3% 27 Information Technology 330,729 3,901,565 4,660,068 83.7% 28 Library 263,712 3,172,583 3,347,552 94.8% 29 Parks & Recreation 776,942 10,179,027 11,205,336 90.8% 30 Police 1,510,915 20,666,926 21,062,759 98.1% 31 Public Works 506,349 5,235,382 5,808,666 90.1% 32 Water/ Waste Operations - - - 0.0% 33 Non-Departmental (78,866) 10,767,871 10,994,915 97.9% 34 Subtotal Operating 4,693,318 71,845,244 76,638,239 93.7% 35 Internal Transfers 2,138,197 16,960,783 26,996,462 62.8% 36 Total Expenditures $ 6,831,515 $ 88,806,027 $ 103,634,701 85.7% 1 Revenue is lower than projected due to less non-residential remodels and improvements. - 4 - City of Loveland
Capital Projects $500,000+ Project Title 2016 2016 Expenditures Remaining 2016 % of 2016 Water Capital WTP Phase II Expansion (38 MGD) $ 7,072,691 $ 6,542,266 $ 530,425 92.50% 2015 Water Line Replacement 850,736 850,477 260 99.97% Raw Water Capital Windy Gap Firming Project 4,341,660 1,438,658 2,903,002 33.14% Wastewater Utility Capital WWTP Expansion 27,101,493 1,776,770 25,324,723 6.56% Southside Lift Station 1,716,631 501,885 1,214,746 29.24% Lakeside Terrace & Boedecker Left Station Improvements 556,637 532,412 24,225 95.65% Power Capital Phase 2 of Canyon Voltage Conversion - Galde Rd to WTP 804,250 775,511 28,739 96.43% OH to UG conversion Circuit 411 555,660-555,660 0.00% OH to UG conversion 29th St - Madison to Hwy 287 750,000 37,792 712,208 5.04% OH to UG conversion - RR tracks N of 10th 1,400,000-1,400,000 0.00% OH to UG conversion - Downtown Catalyst 1,400,000 6,175 1,393,825 0.44% Land purchase for new substation 1,700,000-1,700,000 0.00% Transfer load from 1012-621 - Crossroads to Fairgrounds 950,000 11,864 938,136 1.25% Install 750 AL - Crossroads Sub N. to CR30, E. to I-25 1,000,000-1,000,000 0.00% Extend feeders - Crossroads C2 to distribution system 700,000-700,000 0.00% FEMA Alt Project - Foothills Solar Field 5,100,000 5,108,478-8,478 100.17% OH to UG Circuit 314 from 71st along Garfield to 29th 857,735 268,775 588,960 31.34% RMCIT Campus Conversion - Valley Sub to Taft 304,220 908,394-604,174 298.60% FEMA Alt Project Foothills Substation 4,000,000 515 3,999,485 0.01% New Switchgear & Transformer @ Crossroads Substation 600,000 542,898 57,102 90.48% Build Out of Available Space 821,668 904,244-82,576 110.05% Stormwater Capital 2016 Stormwater Maintenance & Asset Mgmt Pjts 584,731 69,421 515,309 11.87% Benson Park Culvert Improvements 913,227 4,399 908,828 0.48% Airport Basin North Outfall 1,509,822 654,542 855,280 43.35% Streets Transportation Program R-O-W Acquisition - Citywide 530,000-530,000 0.00% Boyd Lake Ave. @ Greeley Loveland 976,000-976,000 0.00% Taft Ave. @ Big Barnes Ditch 1,332,038 370,255 961,783 27.80% Boise & 37th Intersection Improvements 1,649,040 140,639 1,508,401 8.53% Byrd Drive Extension 1,708,000 1,717,614-9,614 100.56% Boyd/US34 Signal & Intersection Improvements 2,482,392 528,181 1,954,211 21.28% Railroad Ave. Flood Repairs FHWA@20038ER1 5,793,405 493,515 5,299,890 8.52% Traffic Signal Controls 591,730 591,730 100.00% All Other Replace General Spartan Engine 652,300 317,041 335,259 48.60% Viestenz-Smith Mountain Park Redevelopment 4,192,220 68,705 4,123,515 1.64% Museum Collections Storage Building 2,400,000 2,079,779 320,222 86.66% Flood Trail Reconstruction 600,000 41,090 558,910 6.85% Fire Administration Building (FAB) Remodel 1,884,036 517,476 1,366,560 27.47% Airport - Snow Removal Equipment Building 1,252,549 1,159,547 93,002 92.57% Maintenance & Operation Center (MOC) Remodel 934,660 375,506 559,154 40.18% Mariana Butte Flood River & Bridge Enhancements 564,091 170,991 393,100 30.31% Open Lands Acquisition & Restoration 5,899,433 4,038,131 1,861,302 68.45% Neighborhood Park East $1,900,000 $ 300,000 $ 1,600,000 15.79% SnapShot City of Loveland - 5 -
Tax Totals and Comparisons Sales & Use Tax 2014 2015 2016 2016 + / - Jan $ 4,801,433 $ 4,908,517 $ 4,950,022 5,026,356-1.5% Feb 3,066,965 2,700,204 3,622,959 3,115,503 16.3% Mar 3,037,688 4,007,386 3,411,932 3,410,801 0.0% Apr 3,737,255 4,011,633 3,974,366 3,950,876 0.6% May 3,614,459 3,611,468 3,699,643 3,686,850 0.3% Jun 3,525,536 4,116,214 4,182,259 3,636,050 15.0% Jul 4,038,555 4,375,627 4,229,851 4,286,198-1.3% Aug 3,962,915 3,783,694 4,023,763 4,104,437-2.0% Sep 4,014,321 4,170,066 4,045,789 4,103,238-1.4% Oct 3,974,590 4,102,720 4,227,573 4,138,714 2.1% Nov 3,919,205 3,572,713 4,140,427 3,898,651 6.2% Dec 3,763,933 3,894,616 4,275,198 3,933,615 8.7% $ 45,456,855 $ 47,254,859 $48,783,782 $47,291,289 YTD $ 45,456,855 $ 47,254,859 $48,783,782 $47,291,289 3.2% Retail Sales Tax 2014 2015 2016 2016 + / - Jan $ 4,531,650 $ 4,535,554 $ 4,365,416 4,697,419-7.1% Feb 2,658,798 2,235,775 3,190,005 2,770,381 15.1% Mar 2,719,254 3,480,164 2,924,575 3,141,451-6.9% Apr 3,317,905 3,521,350 3,504,812 3,596,856-2.6% May 3,059,076 3,092,253 3,221,324 3,217,352 0.1% Jun 3,170,467 3,208,195 3,346,764 3,335,420 0.3% Jul 3,546,945 3,727,389 3,807,869 3,870,943-1.6% Aug 3,241,521 3,389,010 3,563,493 3,495,655 1.9% Sep 3,374,248 3,408,259 3,544,599 3,563,123-0.5% Oct 3,448,473 3,642,285 3,763,070 3,693,841 1.9% Nov 3,077,404 3,034,997 3,288,473 3,289,036 0.0% Dec 3,246,097 3,486,297 3,363,390 3,495,655-3.8% $39,391,838 $40,761,528 $41,883,791 $42,167,132 YTD $39,391,838 $40,761,528 $41,883,791 $42,167,132-0.7% - 6 - City of Loveland
Monthly Financial Report Building Materials Use Tax 2014 2015 2016 2016 + / - Jan $ 57,942 $ 114,444 $ 207,531 148,689 39.6% Feb 173,295 221,517 175,706 145,302 20.9% Mar 120,768 261,500 178,825 101,202 76.7% Apr 217,134 200,708 229,024 182,010 25.8% May 293,543 248,738 174,935 246,503-29.0% Jun 136,432 651,849 578,163 114,457 405.1% Jul 253,077 358,806 119,024 212,345-43.9% Aug 417,801 111,575 216,913 350,509-38.1% Sep 377,319 462,146 182,173 316,605-42.5% Oct 222,297 182,690 189,555 186,343 1.7% Nov 551,682 223,788 479,754 362,672 32.3% Dec 217,712 203,069 600,763 182,520 229.1% $3,039,002 $3,240,831 $3,332,366 $2,549,157 YTD $3,039,002 $3,240,831 $3,332,366 $2,549,157 30.7% Motor Vehicle Use Tax 2014 2015 2016 2016 + / - Jan $ 211,841 $ 258,519 $ 377,075 180,248 109.2% Feb 234,872 242,911 257,248 199,820 28.7% Mar 197,666 265,721 308,532 168,148 83.5% Apr 202,216 289,575 240,529 172,010 39.8% May 261,840 270,477 303,384 222,995 36.0% Jun 218,637 256,170 257,333 186,173 38.2% Jul 238,533 289,432 302,958 202,910 49.3% Aug 303,593 283,109 243,356 258,273-5.8% Sep 262,754 299,661 319,018 223,510 42.7% Oct 303,820 277,746 274,947 258,530 6.4% Nov 290,119 313,928 372,200 246,943 50.7% Dec 300,124 205,249 311,044 255,440 21.8% $3,026,015 $3,252,500 $3,567,625 $2,575,000 YTD $3,026,015 $3,252,500 $3,567,625 $2,575,000 38.5% SnapShot City of Loveland - 7 -
Lodging / Building Comparisons Lodging Tax Revenue received in 2016 is at $869,066 year-to-date. 1.2% higher than 2015 YTD - 8 - City of Loveland
Monthly Flood Update Cost Estimates Emergency Response $ 2,000,000 Business Assistance 600,000 Capital 39,157,667 Total $ 41,757,667 Actual Expenditures To Date Total $ 25,789 $ 27,670,399 Reimbursements Applied For To Date FEMA $ - $ 16,432,736 CIRSA - 7,119,891 Other - 1,866,028 Total Reimbursements Received $ - $ 25,418,655 To Date FEMA $ 410,987 $ 13,126,249 CIRSA - $ 7,119,891 Other - $ 1,866,028 Total $ 410,987 $ 22,112,168 SnapShot City of Loveland - 9 -
Geographical Codes Geographical Area YTD 2016 YTD 2015 Change South East Loveland $ 9,925,180 $ 9,798,717 1.3% North West Loveland 4,382,999 4,238,332 3.4% Centerra 3,969,155 3,953,922 0.4% North East Loveland 3,748,462 3,358,555 11.6% Orchards Shopping Center 2,766,793 2,591,983 6.7% Promenade Shops 2,493,904 2,658,987-6.2% Thompson Valley Shopping Center 2,100,031 2,025,827 3.7% South West Loveland 1,614,182 1,588,375 1.6% Outlet Mall 1,461,503 1,485,965-1.6% Downtown 1,327,455 1,281,906 3.6% The Ranch 826,047 794,861 3.9% Columbine Shopping Center 786,464 766,713 2.6% Airport 717,184 600,351 19.5% All Other Areas (1) 5,764,432 5,617,034 2.6% Total $41,883,791 $40,761,528 2.8% (1) Refers to sales tax remitted by vendors who are located outside of the City but make sales to customers within Loveland. Map - 10 - City of Loveland
Geographical Codes N W E S SnapShot City of Loveland - 11 -
Sales Tax Collections Description YTD 2016 YTD 2015 $ Change % Change % of Total Total % Department Stores & General Merchandise 7,672,043 7,833,042 $ (160,999) -2.1% 18.3% 18.3% Restaurants & Bars 5,666,654 5,474,604 192,050 3.5% 13.5% 31.8% Grocery Stores & Specialty Foods 4,651,454 4,255,460 395,994 9.3% 11.1% 43.0% Building Material & Lawn & Garden Supplies 3,531,010 3,312,244 218,766 6.6% 8.4% 51.4% Motor Vehicle Dealers, Auto Parts & Leasing 3,251,136 3,085,772 165,364 5.4% 7.8% 59.1% Clothing & Clothing Accessories Stores 2,743,193 2,903,008 (159,815) -5.5% 6.5% 65.7% Utilities 1,942,703 1,936,738 5,965 0.3% 4.6% 70.3% Sporting Goods, Hobby, Book & Music Stores 1,754,735 1,737,948 16,787 1.0% 4.2% 74.5% Used Merchandise Stores 1,510,422 1,448,328 62,094 4.3% 3.6% 78.1% Broadcasting & Telecommunications 1,159,011 1,310,172 (151,161) -11.5% 2.8% 80.9% Beer, Wine & Liquor Stores 1,080,943 1,049,053 31,890 3.0% 2.6% 83.5% Consumer Goods & Commercial Equipment Rental 1,022,989 919,352 103,637 11.3% 2.4% 85.9% Hotels, Motels & Other Accommodations 993,116 979,209 13,907 1.4% 2.4% 88.3% Electronics & Appliance Stores 738,444 625,249 113,195 18.1% 1.8% 90.1% Health & Personal Care Stores 686,831 686,955 (124) 0.0% 1.6% 91.7% Electronic Shopping & Mail-Order Houses 627,523 584,465 43,058 7.4% 1.5% 93.2% Furniture & Home Furnishing Stores 598,503 541,242 57,261 10.6% 1.4% 94.6% Gasoline Stations with Convenience Stores 446,398 438,081 8,317 1.9% 1.1% 95.7% Office Supplies, Stationery & Gift Stores 239,717 310,289 (70,572) -22.7% 0.6% 96.3% All Other Categories 1,566,966 1,330,317 236,649 17.8% 3.7% 100.0% Total $41,883,791 $ 40,761,528 $ 1,122,263 2.8% 100.0% - 12 - City of Loveland
Change 2015 2016 Health Care Claims Claims Incurred OAP HRA Total Dec 950,521 213,270 1,163,791 YTD 9,967,786 2,127,303 12,095,089 Dec 646,382 159,597 805,979 YTD 9,268,997 2,669,770 11,938,767 Dec 304,139 53,673 357,812 Dec 47.1% 33.6% 44.4% YTD 698,789 (542,467) 156,322 % YTD 7.5% -20.3% 1.3% HRA Health Reimbursement Arrangement OAP Open Access Plan Incurred claims are total expenses the City is obligated to pay for claims, including claims paid and unpaid. Paid claims are those claims that have been paid and reconciled through the bank to-date, which may not reflect Stop Loss reimbursements or other refunds. Comparison of YTD Claims Over $25k 2013 2014 2015 2016 # of claims 69 77 85 89 YTD Cost of high claims $4,005,604 $6,414,786 $7,820,853 $8,024,772 2016 # of StopLoss claims: 7 Projected YTD Reimbursements: $1,338,433 (claims over $175k paid by StopLoss Carrier) SnapShot City of Loveland - 13 -
Activity Measures Measures Dec 2014 Dec 2015 Dec 2016 2014 YTD 2015 YTD 2016 YTD # of Building Permits 227 213 172 2,305 2,762 2,674 Building Permit Valuations $15,652,351 $14,859,808 $43,519,571 $255,911,918 $246,684,724 $267,074,094 # of Certified Occupancies 42 48 69 294 766 714 Net # of Sales Tax Licenses 14 (18) (24) (73) (156) 7 New Residential Electric Meter Sets 45 58 26 332 841 578 # of Utility Bills Sent 37,208 38,111 38,849 443,362 451,960 461,993 Rounds of Golf 2,607 715 296 112,178 115,757 112,474 $ Average Health Claim Costs/Emp. $1,098 $1,146 $1,098 $ 1,276 $ 1,418 $ 1,187 KWH Demand (kh) 109,464 101,294 103,116 1,306,199 1,298,223 1,279,830 KWH Purchased (kwh) 66,032,658 63,076,656 63,893,501 699,153,551 753,664,656 731,596,456 Gallons of Water Sold 147,884,373 153,137,322 161,914,572 3,503,149,438 3,637,891,051 3,865,966,536 # of Workers' Comp Claims 4 7 8 86 91 81 $ of Workers' Comp Claims $20,882 $38,659 $10,817 $589,937 $495,693 $372,970 # of Total Open Claims 14 16 15 Not Cumulative $ of Total Open Claims 243,315 375,182 421,587 Not Cumulative $ of Lodging Tax Collected $55,619 $50,202 $50,151 $840,273 $859,028 $869,066-14 - City of Loveland
Quarterly Rialto Report City of Loveland Statement of Results of Operations for Rialto Theater Center For Quarter Ending 12/31/2016 Rialto Theater 2015 YTD Amount 2016 YTD Amount 2016 YTD % of % Change from Prior Year Rialto Theater Revenues Revenues from Operations 272,899 270,501 204,600 132.21% -0.88% Gifts/Donations 20,919 60,806 104,102 58.41% 190.67% Transfers from Lodging Tax Fund 25,000 25,000 25,000 100.00% 0.00% Total Rialto Theater Revenues 318,819 356,308 333,702 106.77% 11.76% Rialto Theatre Expenses Personnel Costs 292,599 326,571 297,950 109.61% 11.61% Supplies 47,848 21,855 25,505 85.69% -54.33% Purchased Services 214,945 187,858 201,548 93.21% -12.60% Capital Outlay 29,192 49,990 50,000 0.00% 71.25% Total Direct Costs 584,584 586,274 575,003 101.96% 0.29% Administrative Allocations 152,380 183,617 183,617 100.00% 20.50% Total Rialto Theater Expenses 736,964 769,891 758,620 101.49% 4.47% Rialto Theater Net Income (Loss) (418,146) (413,583) (424,918) 97.33% -1.09% Rialto Event Center Rialto Event Center Revenues Revenues from Operations 17,036 24,347 16,670 146.05% 42.92% Gifts/Donations - - - 0.00% 0.00% Total Event Center Revenues 17,036 24,347 16,670 146.05% 42.92% Rialto Event Center Expenses Personal Services 23,847 18,737 24,520 76.42% -21.43% Supplies 174 157 85 184.75% -9.54% Purchased Services 52,685 64,937 51,123 0.00% 23.25% Capital Outlay - - - 0.00% 0.00% Total Rialto Event Center Expenses 76,706 83,831 75,728 110.70% 9.29% Rialto Event Center Net Income (Loss) (59,670) (59,484) (59,058) 100.72% -0.31% Grand Total Rialto Theater Center Revenues 335,855 380,655 350,372 108.64% 13.34% Grand Total Rialto Theater Center Expenses 813,671 853,722 834,348 102.32% 4.92% Rialto Theater Center Net Income (Loss) (477,816) (473,068) (483,976) 97.75% -0.99% SnapShot City of Loveland - 15 -
SnapShot 2016 Financial Sustainability Strategies Can Be Found At: CityofLoveland.org Departments Finance Administration Financial Reports Financial Sustainability Strategies The City of Loveland is committed to providing an equal opportunity for citizens and does not discriminate on the basis of disability, race, color, national origin, religion, sexual orientation or gender. The City will make reasonable accommodations for citizens in accordance with the Americans with Disabilities Act. For more information, please contact the City s ADA Coordinator at ADACoordinator@cityofloveland.org or 970-962-3319 For more information regarding this report contact: Brent Worthington Finance Director 970.962.2300 or brent.worthington@cityofloveland.org