City of Edmond Monthly Financial Report FY 2007/2008 Through the Month Ended Unaudited - Intended for Management Purposes Only The following is a summary of the City's financial results for operating funds. This information is summarized from financial statements for the monthly period that ended ember 31, 2007. GENERAL FUND AT A GLANCE Category Budget YTD % % Year Passed Resources 50.00% Revenues $41,687,578 $19,436,691 46.62% Other Resources-Reserves $8,632,072 $8,632,072 100.00% Uses 50.00% Operating Uses $45,538,923 $21,359,436 46.90% Other Uses-Reserves $4,780,727 $4,780,727 100.00% Resources Over (Under) Uses $0 $1,928,600 UTILITY FUNDS AT A GLANCE Category Budget YTD % % Year Passed Resources 50.00% Revenues $98,741,160 $54,024,859 54.71% Other Resources-Reserves/Loan Proceeds $51,029,872 $29,282,083 57.38% Uses 50.00% Operating Uses $134,993,059 $48,008,899 35.56% Other Uses-Reserves $14,777,973 $14,777,973 100.00% Resources Over (Under) Uses $0 $20,520,069 OTHER MAJOR FUNDS AT A GLANCE Category Budget YTD % % Year Passed Resources 50.00% Revenues $8,171,650 $4,061,381 49.70% Other Resources-Reserves/Loan Proceeds $14,661,330 $14,661,330 100.00% Uses 50.00% Operating Uses $16,477,366 $2,829,574 17.17% Other Uses-Reserves $6,355,614 $6,355,614 100.00% Resources Over (Under) Uses $0 $9,537,523 The latest General Fund sales tax check received in uary 2008 totaled $2,186,369 and was ($612,730) under year to date projections. This amount was $31,386 more than the check received in uary 2007, and $229,926 more than the check received in uary 2006. Use tax revenue received in the month of uary 2008 totaled $197,127. This amount was 26,595 more than the check received in uary 2007.
GENERAL FUND FINANCIAL SUMMARY CURRENT YEAR TO YEAR TO DATE MONTH DATE % OF BUDGET RESOURCES Taxes $2,276,188 $14,380,905 46.86% Intergovernmental $104,545 $709,305 45.11% Licenses & Permits $61,595 $694,725 49.65% Fines & Forfeitures $151,226 $1,152,905 52.18% Charges for Service $384,381 $2,246,033 44.20% Interest $14,374 $143,017 35.75% Miscellaneous Revenue $15,225 $109,801 32.97% Total - Revenues $3,007,533 $19,436,691 46.62% Other Financing Sources Restricted Prior Year Reserves $0 $4,321,991 100.00% Unrestricted Prior Year Reserves $0 $4,310,081 100.00% Total Other Financing Sources $0 $8,632,072 100.00% USES General Government $2,401 $5,894 4.16% City Council $33,900 $95,702 40.23% Parks & Recreation $91,293 $865,176 45.46% Street & Alley $143,728 $518,866 26.57% Municipal Court $49,082 $322,777 37.42% Senior Citizens Center $27,646 $156,247 40.75% Outside Agencies $251,727 $684,179 44.77% Emergency Management $12,568 $89,109 14.28% Cemetery $8,197 $72,114 48.58% Community Image $67,111 $399,933 47.95% Planning & Zoning $28,412 $194,035 33.86% Festival ketplace $5,789 $37,603 51.59% Building $75,112 $474,074 44.88% Downtown Community Center $9,394 $62,966 42.23% Historical Society $19,515 $103,355 49.45% Centennial Celebration Project $82 $4,482 3.73% TOTAL COSTS $825,956 $4,086,513 37.85% TRANSFERS Transfers In $2,205,356 $13,859,175 47.95% Transfers Out $5,130,737 $31,132,098 48.91% NET TRANSFERS IN(OUT) ($2,925,381) ($17,272,923) 49.72% OTHER USES Reserve for Council Special Projects ($136,385) $278,880 100.00% Reserve for Other Restricted Purposes $0 $2,581,511 100.00% Reserve for Emergencies & Shortfalls ($34,960) $1,920,336 100.00% TOTAL OTHER USES ($171,345) $4,780,727 100.00% TOTAL USES $3,579,993 $26,140,163 RESOURCES OVER (UNDER) USES ($572,460) $1,928,600
SALES TAX COLLECTIONS DATA - GENERAL FUND uary, 2008 Monthly Comparison OVERAGE ACTUAL BUDGET (SHORTAGE) INCR/DECR 2,186,369 2,340,968 (154,599) -6.60% INCREASE % OF 2007 2006 (DECREASE) INCR/DECR 2,186,369 2,154,983 31,386 1.46% Year - to - Date Comparison Month 06-07 07-08 07-08 Budget JUL 2,119,161 2,072,688 2,302,054 AUG 2,020,754 2,044,931 2,195,154 SEP 1,971,635 2,049,621 2,141,796 OCT 2,019,158 2,330,404 2,193,420 NOV 1,962,191 2,055,252 2,131,537 DEC 1,870,781 1,985,171 2,032,238 JAN 2,154,983 2,186,369 2,340,968 FEB 2,078,142 2,257,495 MAR 1,925,067 2,091,209 APR 1,891,669 2,054,929 MAY 2,125,523 2,308,966 JUN 2,036,530 2,212,291 TOTAL 24,175,594 14,724,436 26,262,057 COMMENTS: The amount received in uary 2008 represents sales tax collections from the last half of the month of ember and the first half of ember. Year-to-date collections are over (under) projections: $ (612,731) Monthly Sales Tax Revenues 2,500,000 2,000,000 1,500,000 1,000,000 07-08 07-08 Budget 500,000 - JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN City of Edmond's Economic Engine 15.50 15.00 14.50 14.00 13.50 13.00 12.50 12.00 JUL AUG SEP OCT NOV DEC JAN References: 2007 Population estimated at 76,680
PUBLIC WORKS AUTHORITY FINANCIAL SUMMARY CURRENT YEAR TO YEAR TO DATE MONTH DATE % OF BUDGET RESOURCES Licenses & Permits $59,926 $1,410,018 70.73% Charges for Service $6,887,485 $50,423,154 53.49% Interest $134,999 $1,063,411 60.80% Miscellaneous Revenue $1,001,113 $1,128,276 155.80% Subtotal - Revenues $8,083,523 $54,024,859 54.71% Other Financing Sources Debt/Loan Proceeds $0 $252,211 1.15% Unrestricted Prior Year Reserves $0 $29,029,872 100.00% Total Other Financing Sources $0 $29,282,083 57.38% USES Electric Utility $3,874,084 $30,041,252 49.02% Water Utility $331,733 $3,604,000 9.93% Solid Waste Utility $482,620 $2,106,194 48.04% Wastewater Utility $211,980 $1,274,987 12.69% Arcadia $31,495 $283,973 46.66% Drainage $38,963 $274,732 16.67% TOTAL COSTS $4,970,875 $37,585,137 32.89% TRANSFERS Transfers In $2,041,803 $12,877,858 47.80% Transfers Out ($3,925,757) ($23,301,620) 48.89% NET TRANSFERS IN(OUT) ($1,883,954) ($10,423,762) 50.32% OTHER USES Reserve for Capital Improvements $0 $1,125,000 100.00% Reserve for Emergencies & Shortfalls ($60,000) $13,652,973 100.00% TOTAL OTHER USES ($60,000) $14,777,973 100.00% TOTAL USES $6,914,829 $62,786,872 RESOURCES OVER (UNDER) USES $1,168,694 $20,520,069
PUBLIC WORKS AUTHORITY FINANCIAL SUMMARY, CONTINUED Electric Monthly Revenue 9000000 8000000 7000000 6000000 5000000 4000000 3000000 2000000 Water Monthly Revenue 3000000 2500000 2000000 1500000 1000000 500000 Wastewater Monthly Revenue 650000 600000 550000 500000 450000
PUBLIC WORKS AUTHORITY FINANCIAL SUMMARY, CONTINUED Solid Waste Monthly Revenue 570,000 550,000 530,000 510,000 490,000 470,000 450,000 Arcadia Monthly Revenue FY07-08 Budget 160000 140000 120000 100000 80000 60000 40000 20000 0 FY07-08 Budget Drainage Monthly Revenue 150000 140000 130000 120000 110000 100000 90000 80000 70000 60000
OTHER MAJOR OPERATING FUNDS CURRENT YEAR TO YEAR TO DATE MONTH DATE % OF BUDGET RESOURCES Administrative Support Services Fund Revenues $22,096 $389,371 84.40% Other Resources-Reserves $0 $3,345,164 100.00% Fire Public Safety Limited Tax Fund Revenues $273,245 $1,792,816 45.24% Other Resources-Reserves $0 $6,772,014 100.00% Police Public Safety Limited Tax Fund Revenues $147,879 $967,179 52.10% Other Resources-Reserves $0 $4,387,170 100.00% Kickingbird Golf Course Fund Revenues $60,055 $819,938 46.44% Other Resources-Loan Proceeds $0 $75,857 100.00% Field Services Fund Revenues $14,569 $92,077 73.70% Other Resources-Reserves $0 $81,126 100.00% TOTAL RESOURCES $517,844 $18,722,711 82.00% USES Administrative Support Services Fund Operating Uses/Net Transfers ($418,796) ($1,196,177) -31.42% Other Uses-Reserves $0 $0 Fire Public Safety Limited Tax Fund Operating Uses/Net Transfers $1,231,659 $2,142,782 28.75% Other Uses-Reserves $0 $3,283,186 100.00% Police Public Safety Limited Tax Fund Operating Uses/Net Transfers $713,374 $1,417,273 43.29% Other Uses-Reserves $0 $2,969,864 100.00% Kickingbird Golf Course Fund Operating Uses/Net Transfers $105,015 $828,631 47.65% Other Uses-Reserves $0 $102,564 100.00% Field Services Fund Operating Uses/Net Transfers $292,615 ($362,935) -176.13% Other Uses-Reserves $0 $0 TOTAL USES $1,923,866 $9,185,188 40.23% RESOURCES OVER (UNDER) USES ($1,406,022) $9,537,523