Monthly Financial Report

SnapShot Citywide Revenues & Expenditures 2-3 Monthly Financial Report General Fund Revenues & Expenditures Capital Projects Tax Totals & Comparison Geo Codes & Sales Tax SIC Sales Tax Collections 4 5 6-7 8-9 10 Lodging Tax 11 Citywide Revenue, $275.2 million (75.8% of the total annual budget) Sales & Use Tax Collections, $42.5 million (82.3% of total annual budget) Citywide Expenditures, $248.6 million (57.5% of total annual budget) Citywide Total Revenues exceed Citywide Total Expenditures by $26.6 million General Fund Revenue, $81.2 million (84.7% of total annual budget) Health Care Claims 12 General Fund Expenditures, $68.3 million, (81.3% of total annual budget) Flood Update 13 Activity Measures 14 General Fund Year-to-Date Operating Revenues (excluding transfers) exceed General Fund Year-to-Date Operating Expenditures (excluding transfers and capital) by $12.9 million. Sales / Use Tax Basics 500 East 3rd Street Loveland, CO 80537 (970) 962-2300 Sales Tax Motor Vehicle Use Tax Building Use Tax Combined $ 44,579,113 $ 3,694,113 $ 3,432,337 $ 51,705,563 37,203,826 2,979,687 2,363,233 42,546,746 % of 83.5% 80.7% 68.9% 82.3% 2016 $ 35,231,928 $ 2,884,381 $ 2,251,849 $ 40,368,157 Change from prior year 5.6% 3.3% 4.9% 5.4% *Numbers presented throughout this document may not sum to the exact dollar due to rounding Loveland: a vibrant community surrounded by natural beauty where you belong.

Citywide Revenues & Expenditures Combined Statement of Revenues and Expenditures REVENUES YTD Total % of General Governmental 1 General Fund $ 7,968,758 $ 81,201,698 $ 95,889,366 84.7% 2 Special Revenue 1,115,468 10,012,525 22,806,056 43.9% 3 Other Entities 1,440,339 33,599,676 35,806,582 93.8% 4 Internal Service 2,046,575 20,533,969 27,367,477 75.0% 5 Subtotal General Gov t Operations 12,571,140 145,347,868 181,869,481 79.9% 6 Capital Projects 1,223,506 24,957,145 32,774,313 76.1% Enterprise Funds 7 Water & Power 9,453,258 89,324,057 130,596,940 68.4% 8 Stormwater 718,650 5,871,786 6,397,690 91.8% 9 Golf 249,056 3,679,346 4,081,491 90.1% 10 Solid Waste 781,490 6,024,561 7,139,070 84.4% 11 Subtotal Enterprise 11,202,455 104,899,750 148,215,191 70.8% 12 Citywide Total Revenues $ 24,997,101 $ 275,204,764 $ 362,858,985 75.8% Prior Year External Revenue 238,234,002 Increase From Prior Year 15.5% 13 Internal Transfers 257,430 10,649,402 48,534,716 21.9% 14 Grand Total Revenues $ 25,254,530 $ 285,854,165 $ 411,393,701 69.5% EXPENDITURES General Governmental 15 General Fund 6,542,261 68,341,194 84,085,530 81.3% 16 Special Revenue 1,165,029 11,748,652 21,216,992 55.4% 17 Other Entities 1,327,871 27,207,641 32,428,900 83.9% 18 Internal Services 1,541,512 17,324,435 26,745,228 64.8% 19 Subtotal General Gov't Operations 10,576,673 124,621,923 164,476,650 75.8% 20 Capital 7,977,174 50,462,758 163,829,086 30.8% Enterprise Fund 21 Water & Power 5,845,961 62,618,621 88,671,101 70.6% 22 Stormwater 221,254 2,933,884 5,337,767 55.0% 23 Golf 278,013 2,950,758 3,603,005 81.9% 24 Solid Waste 482,698 4,976,250 6,499,769 76.6% 25 Subtotal Enterprise 6,827,926 73,479,513 104,111,642 70.6% 26 Citywide Total Expenditures $ 25,381,773 $ 248,564,194 $ 432,417,378 57.5% Prior Year External Expenditures 231,617,121 Increase (-Decrease) From Prior Year 7.3% 27 Internal Transfers 257,430 10,649,402 48,534,716 21.9% 28 Grand Total Expenditures $ 25,639,203 $ 259,213,596 $ 480,952,094 53.9% 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

Monthly Financial Report 2016 % of % Change from Previous Year General Fund Operating Revenues $ 75,390,613 $ 81,201,698 $ 95,889,366 84.7% 7.7% General Fund Operating Expenditures 60,088,835 68,341,194 84,085,530 81.3% 13.7% Water & Power Revenues 84,698,916 89,324,057 130,596,940 68.4% 5.5% Water & Power Expenditures 60,092,270 62,618,621 88,671,101 70.6% 4.2% Other Entities Revenues 27,883,172 33,599,676 35,806,582 93.8% 20.5% Other Entities Expenditures $ 24,515,452 $ 27,207,641 $ 32,428,900 83.9% 11.0% SnapShot 3

General Fund Revenues & Expenditures General Fund Revenues & Expenditures REVENUES YTD Total % of 1 Taxes 2 Property tax $ 74,882 $ 8,803,039 $ 8,751,541 100.6% 3 Sales tax 3,884,499 37,203,826 44,579,113 83.5% 4 Building use tax 467,692 2,363,233 3,432,337 68.9% 5 Motor Vehicle Use Tax 325,016 2,979,687 3,694,113 80.7% 6 Other taxes 231,987 2,713,069 3,333,626 81.4% 7 Intergovernmental 5,384 408,620 613,076 66.7% 8 Building Permits 335,370 2,057,795 2,745,000 75.0% 9 Other Permits 67,748 284,134 201,420 141.1% 10 Charges for Services 1,490,920 15,875,478 18,899,897 84.0% 11 Fines & Forfeitures 92,799 787,920 982,300 80.2% 12 Interest Income 50,240 388,829 445,654 87.2% 13 Miscellaneous 942,220 7,336,069 8,211,289 89.3% 14 Subtotal Operating 7,968,758 81,201,698 95,889,366 84.7% 15 Interfund Transfers 5,545 55,453 66,543 83.3% 16 Total Revenues $ 7,974,303 $ 81,257,152 $ 95,955,909 84.7% EXPENDITURES 18 Legislative 10,225 128,972 149,103 86.5% 19 Executive & Legal 377,800 3,315,663 4,501,469 73.7% 20 City Clerk & Court Admin 41,199 588,112 744,675 79.0% 21 Finance 493,710 4,847,846 6,163,930 78.6% 22 Information Technology 351,655 3,494,556 4,781,567 73.1% 23 Human Resources 116,311 1,161,932 1,439,376 80.7% 24 Economic Development 88,214 950,188 1,280,516 74.2% 25 Development Services 312,359 2,914,452 3,948,307 73.8% 26 Police 1,891,295 20,400,426 24,975,712 81.7% 27 Public Works 480,509 4,657,637 6,324,644 73.6% 28 Parks & Recreation 859,081 8,644,651 10,673,321 81.0% 29 Cultural Services 200,757 1,907,862 2,283,971 83.5% 30 Library 288,244 3,073,272 3,791,310 81.1% 31 Non-Departmental 1,030,903 12,255,626 13,027,629 94.1% 34 Subtotal Operating 6,542,261 68,341,194 84,085,530 81.3% 35 Internal Transfers 145,830 8,794,231 36,562,173 24.1% 36 Capital 99,989 1,586,660 2,802,626 56.6% 37 Total Expenditures $ 6,788,080 $ 78,722,085 $ 123,450,329 63.8% 4

Capital Projects $500,000+ Project Title Expenditures Remaining % of Water Capital Namaqua Pump Stations & Tank Improvements $ 784,805 $ 81,830 $ 702,975 10.43% Shubert Dr. & Wilson Waterline Rehab 936,843 170,896 765,947 18.24% Raw Water Capital Windy Gap Firming 1,386,762 1,260,713 126,049 90.91% Purchase CBT Water 524,500-524,500 0.00% Wastewater Utility Capital Parallel Boyd Intcp 557,392 59,863 497,529 10.74% WWTP Expansion 34,143,251 3,107,002 31,036,249 9.10% Southside Lift Station 1,439,553 1,008,117 431,436 70.03% CIPP Sewer Rehab 1,049,000 519 1,048,481 0.05% Power Capital Security Gates and Fences at Substations 500,000-500,000 0.00% Install 600 Amp Tie from Cascade West Along Hwy 34 500,000-500,000 0.00% Canyon Conversion 700,000 62,816 637,184 8.97% Extension of 600 Amp from 14th St SW to Hwy 60 along Hwy 287 1,100,000 1,733,900 (633,900) 157.63% OH to UG RR Tracks North of 10th between RR Ave. and Madison Ave 1,400,000 1,400,000 0.00% OH to UG Foundry 1,400,000 494,832 905,168 35.35% East Substation - Order New Switchgear Lineup for E3 750,000 750,000 0.00% Land Purchase for New Substation 1,700,000 1,700,000 0.00% Feeder from Horseshoe to Woodward/Lee Farms Sub 1,500,000 1,500,000 0.00% Install 750 AL from MCR to Kendall Pkwy & I25 800,000 800,000 0.00% 29th and Rio Blanco 547,064 324,557 222,507 59.33% OH to UG Conversion - Hwy 287 from 42nd st to 57th street 248,276 1,046,781 (798,505) 421.62% FEMA Power Alt Project - Substation 3,881,120 3,507,357 373,763 90.37% Stormwater Capital 29th & Monroe Outfall (Phase 2-Dry Creek) 1,210,683 32,766 1,177,917 2.71% Madison Avenue Outfall Outlet Reconstruction 706,217 30,897 675,320 4.38% Benson Park Culvert Improvements 918,672 67,064 851,608 7.30% Streets Transportation Program Right of Way Acquisition 727,445 431,758 295,687 59.35% Taft at Big Barnes Ditch 1,976,945 714,607 1,262,338 36.15% Boyd/US34 Signal & Intersection 1,423,215 698,526 724,689 49.08% Boyd Lake, US34, Mtn Lion Drive 2,663,254 185,635 2,477,619 6.97% Beech & 29th Signal 529,981 368,722 161,259 69.57% West 8th St Bridge 1,246,500 122,637 1,123,863 9.84% Sidewalk Install (US287) 552,000-552,000 0.00% US34-Denver to Boyd Lake Widening 500,000 190,880 309,120 38.18% Supplemental Bridge Repairs 1,260,000 24,969 1,235,031 1.98% Wilson Ave Flood Mitigation 3,690,000 34 3,689,967 0.00% Cleveland Ave Traffic Calming 1,000,000 686,244 313,756 68.62% Garfield - 10th to 23rd 1,385,637 217,621 1,168,016 15.71% AP Street Rehab 1,325,000 1,133,634 191,366 85.56% Wilson to Taft Flood Recovery 566,719 346,869 219,850 61.21% Railroad Ave Flood Repairs 5,546,883 97,960 5,448,923 1.77% All Other Pulliam Building 2,326,010 140,064 2,185,946 6.02% The Foundry 18,054,085 6,262,519 11,791,566 34.69% Loveland's Contribution to I-25 Companion Projects 2,500,000-2,500,000 0.00% Flood Damage at the Trails 600,000 290,037 309,963 48.34% Viestenz Smith Park Flood Repair 4,204,662 2,968,992 1,235,670 70.61% New Fire Training Center 2,228,485 590,576 1,637,909 26.50% Police Records Management System 1,470,107-1,470,107 0.00% Police Training Campus 1,620,000 2,500 1,617,500 0.15% Cemetery Maintenance Shop & Office 587,514 26,154 561,360 4.45% Open Lands Acquisition 3,724,523 3,238,737 485,786 86.96% River's Edge Open Lands 803,971 26,108 777,863 3.25% 2016 Rec Trail System 526,201 355,446 170,755 67.55% Long View Trail 961,743 95,112 866,631 9.89% SnapShot 5

Tax Totals and Comparisons Sales & Use Tax 2015 2016 % of Jan $ 4,908,517 $ 4,950,022 $ 5,380,338 51,705,563 10.4% Feb 2,700,204 3,622,959 3,616,075 51,705,563 7.0% Mar 4,007,386 3,411,932 3,512,819 51,705,563 6.8% Apr 4,011,633 3,974,366 4,447,928 51,705,563 8.6% May 3,611,468 3,699,643 3,784,024 51,705,563 7.3% Jun 4,116,214 4,182,259 4,159,532 51,705,563 8.0% Jul 4,375,627 4,229,851 4,565,859 51,705,563 8.8% Aug 3,783,694 4,023,763 4,125,602 51,705,563 8.0% Sep 4,170,066 4,045,789 4,277,361 51,705,563 8.3% Oct 4,102,720 4,227,573 4,677,207 51,705,563 9.0% Nov 3,572,713 4,140,427 51,705,563 Dec 3,894,616 4,275,198 51,705,563 $47,254,859 $48,783,782 $42,546,746 $51,705,563 82.3% Sales Tax 2015 2016 % of Jan $ 4,535,554 $ 4,365,416 $ 4,937,924 44,579,113 11.1% Feb 2,235,775 3,190,005 3,129,483 44,579,113 7.0% Mar 3,480,164 2,924,575 3,034,547 44,579,113 6.8% Apr 3,521,350 3,504,812 3,772,342 44,579,113 8.5% May 3,092,253 3,221,324 3,370,239 44,579,113 7.6% Jun 3,208,195 3,346,764 3,631,821 44,579,113 8.1% Jul 3,727,389 3,807,869 4,052,726 44,579,113 9.1% Aug 3,389,010 3,563,493 3,662,650 44,579,113 8.2% Sep 3,408,259 3,544,599 3,727,595 44,579,113 8.4% Oct 3,642,285 3,763,070 3,884,499 44,579,113 8.7% Nov 3,034,997 3,288,473 44,579,113 Dec 3,486,297 3,363,390 44,579,113 $40,761,528 $41,883,791 $37,203,826 $44,579,113 83.5% 6

Tax Totals and Comparisons Building Use Tax 2015 2016 % of Jan $ 114,444 $ 207,531 $ 94,933 3,432,337 2.8% Feb 221,517 175,706 215,642 3,432,337 6.3% Mar 261,500 178,825 221,508 3,432,337 6.5% Apr 200,708 229,024 401,367 3,432,337 11.7% May 248,738 174,935 186,168 3,432,337 5.4% Jun 651,849 578,163 203,694 3,432,337 5.9% Jul 358,806 119,024 207,644 3,432,337 6.0% Aug 111,575 216,913 212,118 3,432,337 6.2% Sep 462,146 182,173 152,466 3,432,337 4.4% Oct 182,690 189,555 467,692 3,432,337 13.6% Nov 223,788 479,754 3,432,337 Dec 203,069 600,763 3,432,337 $3,240,831 $3,332,366 $2,363,233 $3,432,337 68.9% Motor Vehicle Use Tax 2015 2016 % of Jan $ 258,519 $ 377,075 $ 347,481 3,694,113 9.4% Feb 242,911 257,248 270,951 3,694,113 7.3% Mar 265,721 308,532 256,764 3,694,113 7.0% Apr 289,575 240,529 274,218 3,694,113 7.4% May 270,477 303,384 227,617 3,694,113 6.2% Jun 256,170 257,333 324,017 3,694,113 8.8% Jul 289,432 302,958 305,490 3,694,113 8.3% Aug 283,109 243,356 250,834 3,694,113 6.8% Sep 299,661 319,018 397,300 3,694,113 10.8% Oct 277,746 274,947 325,016 3,694,113 8.8% Nov 313,928 372,200 3,694,113 Dec 205,249 311,044 3,694,113 $3,252,500 $3,567,625 $2,979,687 $3,694,113 80.7% SnapShot 7

Geographical Codes Sales Tax Collections by Geographical Area YTD 2016 YTD Change South East Loveland $ 8,300,195 $ 8,566,358 3.2% North West Loveland 3,642,222 3,910,495 7.4% Centerra 3,336,530 3,245,003-2.7% North East Loveland 3,081,070 3,580,164 16.2% Orchards Shopping Center 2,347,452 2,373,043 1.1% Promenade Shops 2,092,923 2,083,862-0.4% Thompson Valley Shopping Center 1,777,980 1,804,554 1.5% South West Loveland 1,400,500 1,473,391 5.2% Outlet Mall 1,210,789 1,193,243-1.4% Downtown 1,113,987 1,149,479 3.2% The Ranch 695,452 738,111 6.1% Columbine Shopping Center 628,896 615,311-2.2% Airport 621,911 679,850 9.3% All Other Areas (1) 4,982,020 5,790,962 16.2% Total $35,231,927 $37,203,826 5.6% (1) Refers to sales tax remitted by vendors who are located outside of the City but make sales to customers within Loveland. Map 8

Geographical Codes N W E S SnapShot 9

Sales Tax Collections by Industry Sector Description YTD 2016 YTD $ Change % Change % of Total Total % Department Stores & General Merchandise 6,391,563 6,420,083 $ 28,520 0.4% 17.3% 17.3% Restaurants & Bars 4,748,374 4,990,626 $ 242,252 5.1% 13.4% 30.7% Grocery Stores & Specialty Foods 3,853,709 4,171,048 $ 317,339 8.2% 11.2% 41.9% Building Material & Lawn & Garden Supplies 3,002,330 3,170,557 $ 168,227 5.6% 8.5% 50.4% Motor Vehicle Dealers, Auto Parts & Leasing 2,748,672 3,079,737 $ 331,065 12.0% 8.3% 58.7% Clothing & Clothing Accessories Stores 2,288,340 2,253,033 $ (35,307) -1.5% 6.1% 64.7% Utilities 1,674,093 1,746,604 $ 72,511 4.3% 4.7% 69.4% Used Merchandise Stores 1,285,965 1,428,522 $ 142,557 11.1% 3.8% 73.3% Sporting Goods, Hobby, Book & Music Stores 1,464,067 1,410,026 $ (54,041) -3.7% 3.8% 77.1% Consumer Goods & Commercial Equipment Rental 864,078 964,892 $ 100,814 11.7% 2.6% 79.7% Beer, Wine & Liquor Stores 903,308 962,210 $ 58,902 6.5% 2.6% 82.2% Electronic Shopping & Mail-Order Houses 536,605 955,786 $ 419,181 78.1% 2.6% 84.8% Broadcasting & Telecommunications 969,924 929,603 $ (40,321) -4.2% 2.5% 87.3% Hotels, Motels & Other Accommodations 863,504 854,401 $ (9,103) -1.1% 2.3% 89.6% Electronics & Appliance Stores 627,754 651,977 $ 24,223 3.9% 1.8% 91.4% Health & Personal Care Stores 583,059 583,906 $ 847 0.1% 1.6% 92.9% Furniture & Home Furnishing Stores 503,926 559,431 $ 55,505 11.0% 1.5% 94.4% Gasoline Stations with Convenience Stores 374,866 383,065 $ 8,199 2.2% 1.0% 95.5% Office Supplies, Stationery & Gift Stores 206,592 181,349 $ (25,243) -12.2% 0.5% 95.9% All Other Categories 1,341,198 1,506,970 $ 165,772 12.4% 4.1% 100.0% Total $35,231,927 $37,203,826 $ 1,971,899 5.6% 100.0% 10

Lodging Tax Collections Lodging Tax Revenue received in is $745,085 YTD.08% lower than 2016 YTD SnapShot 11

Change 2016 Health Care Claims Claims Incurred OAP HRA Total Oct 582,793 64,163 646,956 YTD 6,335,087 1,175,945 7,511,032 Oct 901,519 146,308 1,047,827 YTD 7,653,114 1,665,143 9,318,257 Oct (318,726) (82,145) (400,871) % Oct -35.4% -56.1% -38.3% YTD (1,318,027) (489,198) (1,807,225) % YTD -17.2% -29.4% -19.4% HRA Health Reimbursement Arrangement 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. OAP Open Access Plan Comparison of YTD Claims Over $25k 2014 2015 2016 # of claims 61 65 71 60 YTD Cost of high claims $5,206,721 $5,591,812 $5,780,688 $4,499,144 # of StopLoss claims: 5 Projected YTD Reimbursements: $651,953 (claims over $175k paid by StopLoss Carrier) 12

Monthly Flood Update Cost Estimates Emergency Response $ 2,000,000 Capital & Business Assistance 36,757,667 Total $ 38,757,667 Expenditures To Date Total $ 420,381 $ 36,380,117 Reimbursements Applied For To Date FEMA $ - $ 22,154,557 CIRSA - $ 7,304,825 Other 13,579 $ 2,326,272 Total Reimbursements Received $ 13,579 $ 31,785,654 To Date FEMA $ 47,813 $ 17,807,387 CIRSA - $ 7,304,825 Other 13,579 $ 2,326,272 Total $ 61,392 $ 27,438,484 SnapShot 13

Activity Measures Measures Oct 2015 Oct 2016 Oct 2015 YTD 2016 YTD YTD # of Building Permits 231 237 266 2,336 2,213 2,190 Building Permit Valuations $22,372,075 $12,815,447 $ 39,037,155 $ 202,190,649 $191,634,826 $ 244,244,080 # of Certified Occupancies 78 33 37 554 552 536 Net # of Sales Tax Licenses (122) 4 32 (153) 17 41 New Residential Electric Meter Sets 82 38 36 672 524 337 # of Utility Bills Sent 37,867 38,827 39,281 375,882 384,395 390,313 Rounds of Golf 9,804 10,150 8,472 111,100 106,323 105,458 $ Average Health Claim Costs/Emp. $ 1,560 $ 1,092 $ 983 $ 1,340 $ 1,205 $ 1,147 KWH Demand (kh) 92,063 87,019 86,056 1,102,533 1,082,911 1,094,518 KWH Purchased (kwh) 58,942,680 56,846,557 55,463,421 632,633,745 612,825,367 605,681,878 Gallons of Water Sold 492,198,713 462,164,193 348,157,690 3,267,764,584 3,488,949,529 3,367,685,859 # of Workers' Comp Claims 7 6 6 78 70 71 $ of Workers' Comp Claims $ 21,758 $ 19,333 $ 37,450 $ 426,923 $ 348,597 $ 346,209 # of Total Open Claims 14 16 15 Not Cumulative $ of Total Open Claims $ 420,518 $ 558,828 $ 554,246 Not Cumulative $ of Lodging Tax Collected $ 85,438 $ 83,426 $ 87,196 $ 740,101 $ 745,755 $ 745,543 14

Monthly Financial Report Annual s & Financial Reports Can Be Found At: CityofLoveland.org Departments Finance Administration Financial Reports The 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 SnapShot 15

SnapShot For more information regarding this report contact: Brent Worthington Finance Director 970.962.2300 or brent.worthington@cityofloveland.org