Title: Update: 2018 Third Quarter Financial Review, Period Ending September 30, 2018

To: From: Honorable Mayor and Members of Town Council Trish Muller, Finance Director Title: Update:, Period Ending September 30, 2018 Executive Summary This Third Quarter Financial Review is presented in a new format which endeavors to communicate a financial update for the Town of Castle Rock in a comprehensive and engaging presentation. Additional financial information can be found at CRGov.com/transparency. The Town has accomplished significant progress toward community priorities as identified within the 2018 Budget through the third quarter of the year. The following discussion and financial information reflects the positive financial condition of the Town and highlights the continued focus on strategic priorities established by Council. Financial reporting for the Town takes a team effort between Finance, Managers and staff. Reporting helps to keep departments apprised of potential revenue shortages that could trigger spending reductions and deferrals. As demonstrated by the following information, departments continue effective and responsible management of the Town s finances while working towards accomplishing community priorities. The overall financial position of the Town remains positive with all funds currently estimated to end the year under expense budgets. Town staff will continue to monitor the items below throughout the last quarter of the year. Sales Tax: Revenue remains consistent with previous estimates of 4.5% growth over 2017 at this time Development Revenue: Revenue remains strong and yearend estimates have been revised to reflect permitting numbers totaling 990 single family and 372 multifamily units Employee Benefits: Medical and prescription claim costs are trending higher than in previous years Capital Projects: The timing of capital projects is being monitored by the Finance department for yearend status and carryforward to 2019 This serves as a snapshot of the Town s third quarter s financial activity in comparison to the seasonally adjusted 2018 amended budget. Note that the year to date budget represented in this report has been adjusted to reflect seasonal trends within funds in order to provide a more accurate reflection of Town financial trends through the third quarter of the year.

The financial information as of the third quarter of 2018 in this report includes: Highlights of yeartodate revenue and expenditures including financial summaries by major category for each Town fund Status updates related to community priorities Sales tax revenue reporting Town of Castle Rock investment summary information Budget Amendment items approved by council on October 16th Proposed Motion This memo is intended for discussion purposes only. Attachments Attachment A: 2018 Third Quarter Financial Information by Fund Schedule A General Fund Schedule B Development Services Fund Schedule C Water Fund Schedule D Water Resources Fund Schedule E Stormwater Fund Schedule F Wastewater Fund Schedule G Transportation Fund Schedule H Transportation Capital Projects Fund Schedule I Fleet Services Fund Schedule J Fire Capital Fund Schedule K Police Capital Fund Schedule L Police Forfeiture Fund Schedule M Parks and Recreation Capital Fund Schedule N Conservation Trust Fund Schedule O Community Center Fund Schedule P Golf Course Fund Schedule Q Economic Development Fund Schedule R Downtown Development TIF Fund Schedule S Philip S. Miller Trust Fund Schedule T Special Events Fund Schedule U Public Art Fund Schedule V Municipal Facilities Capital Fund Schedule W General Long Term Planning Fund Schedule X Employee Benefits Fund Schedule Y Townwide Summary Attachment B: Third Quarter Sales Tax Collections by and Geographical Area Attachment C: Investment Summary

Period Ending September 30, 2018 Financial Reporting Town of Castle Rock financial management and reporting involves numerous complexities and requires the effort of Townwide departments and staff. This quarterly financial review includes fund balance, revenue, expenditure, and reserve information by fund as well as on a Townwide perspective. The Town s budget includes 24 different funds with a variety of revenue sources, of which, some have restrictions for how the funds can be spent. The Town s revenue sources, and their respective uses, is represented below for reference. The following pages provide a summary of the Town s financial performance at this point in the year categorized as shown below, detailed financial schedules in Attachment A, Sales Tax collections by category and geographic area in Attachment B, and the Town s investment summary in Attachment C. What sources generate funds? Sales tax overview Townwide revenue summary How is the Town focusing resources on priorities? Ensuring our Water Future Enhancing our Transportation Ensuring our Public Safety Maintaining strong Parks and Recreation How is the Town growing? Development related revenue Development services department overview How does the Town manage finances conservatively? Financial Monitoring Future Planning TABOR Transparency 1

Period Ending September 30, 2018 What sources generate funds? Sales and property tax Gross sales tax collections are 5.4 percent greater than JanuaryAugust 2017, with September estimated at 4.5 percent greater Sales tax revenue in 2018 is projected to be 4.5 percent over 2017 totals The top three areas for sales tax are Milestone/Metzler, Outlet Mall, and Promenade, making up 55 percent of sales tax collections There are 4,600 active business licenses at this time, 50 percent of which are located in Castle Rock Property tax collections for 2018 reflect a mill levy assessment of 1.330, reduced from the 2017 mill due to a growth limitation of 5.5 percent in property tax revenue from the prior year as required by Town Charter More detailed financial information, including the Town s various revenue sources, can be found in the schedules in Attachment A. Townwide revenue Tax revenues including sales, property, use, motor vehicle, and other taxes, make up 34 percent of the Townwide budget, with sales tax making 75 percent of the total tax revenue. However, several other revenue sources support Town services. As of September 30, 2018, Townwide revenues are at 76 percent of the annual budgeted amount. The information below identifies types of revenue received by the Town, and the percentage of budget that has been collected at this point in the year. 2

Period Ending September 30, 2018 How is the Town growing? The 2018 Budget for developmentrelated revenue is based on 700 single family permits and 634 multifamily units. Actual development revenue received by fund varies based on size, type, value, and water needs of the specific project. The expected number of single family, multifamily, commercial, and other development permits issued determine budget amounts for growth related revenues such as impact fees, building use tax and (water) tap fees. Impact fees, system development fees, and use tax collections are at roughly 90 percent of the amended budget for 2018. The Finance closely monitors development related revenues and is estimating 990 single family and 372 multifamily units to be permitted in 2018. earned from development in Castle Rock are used to help fund growth related projects across the Town. Building use tax is levied at 4 percent on materials used in construction and is received into the Transportation, Transportation Capital, General Long Term Planning, and Community Center Funds. Impact fees and system development fees are charged as part of the building permit process and fund needs related to growth including Municipal Facilities, Parks and Recreation, Fire, Police, Transportation, and Castle Rock Water. As identified in this chart, these revenue sources are trending well through the third quarter these revenues combined are at 90 percent of the annual budget at this point in the year. Based on updated projections, development related revenues are expected to finish the year over budget by 17 percent. The Development Services oversees development in Castle Rock. This department is funded partially in the General Fund, which has utilized 68 percent of the annual budget at this point in the year and is estimated to be under budget by about 3 percent at the end of 2018. The Development Services enterprise fund is projected to be 11 percent under budget for the year due to personnel savings and has utilized only 63 percent of the annual expenditure budget as of September 30, 2018 as shown in the following information. 3

How is the Town focusing resources on priorities in the third quarter? Ensuring our water future Period Ending September 30, 2018 Castle Rock Water is comprised of four enterprise funds Water, Water Resources, Stormwater, and Wastewater. Existing and new users alike support these funds. in these funds tend to be seasonal and are highly variable based temperature and precipitation levels throughout the year. in these funds include operational costs and significant capital projects to accommodate needs in our growing community. Capital expenditures make up 70 percent of the total Castle Rock Water expenditure budget, of which 22,073,679 has been expended for 2018. Estimates indicate that capital expenditures will be 49 percent under budget, with most of the unspent funds planned to carry forward to 2019. Significant projects for Castle Rock Water in 2018 include: Installation of a pipeline and pump station from the diversion structure the Town purchased on Plum Creek in 2017 Advanced water treatment capability at the Plum Creek Water Purification Facility Continued funding for the Chatfield Reallocation project Ongoing renewable water initiatives as part of the WISE project Redrilling of two wells in the Plum Creek neighborhood Continued work on stream and tributary stabilizations at McMurdo Gulch, Hangmans Gulch, and Douglas Lane tributary Construction of two additional wells at the Lanterns development and in the Castlewood Ranch neighborhood Total revenues for Castle Rock Water Funds combined are about 10 percent over budget through September, and operating expenditures are tracking 21 percent under the year to date budget. Currently, each of the water funds is considered to be on track for the year and are expected to be under budget by the end of the year. To see more detailed financial information about Castle Rock Water, please see Schedules CF in Attachment A. 4

Period Ending September 30, 2018 Enhancing our transportation The Public Works manages Castle Rock transportation services, with budgeted expenditures in the Transportation (operational costs) and Transportation Capital funds (onetime projects). The Transportation Fund supplements the capital fund to support the construction of growthrelated projects as appropriate and available. Transportation expenditures tend to be seasonal, related to construction seasons, for both maintenance and new construction. The timing of weather events affect snowplowing operations. Through the third quarter, total expenditures include 16 million in Transportation Fund costs and 2.1 million in onetime capital costs and debt within the Transportation Capital Fund. Actual expenditures for the Transportation Fund are 60 percent of the annual budget at this point in the year and 11 percent within the Transportation Capital fund budget. Current yearend estimates indicate that the Transportation Fund will be under budget by about 9 percent. The Transportation Capital Fund is estimated to end the year about 43 percent under budget, with significant capital projects planned to be carried forward to 2019. Significant progress to date includes: Construction of a roundabout at Plum Creek Parkway and Wolfensberger Road is planned to be complete by the end of the year Design of improvements at Founders Parkway and Allen Way, with construction funding planned to be carried forward to 2019 Design of improvements at Founders Parkway and Crowfoot Valley Road, with construction funding planned to be carried forward to 2019 Pavement maintenance in The Meadows area of Castle Rock including reconstructions Transportation Fund revenues include sales tax, Highway User Tax Fund (HUTF), use tax, and other resources. Total Transportation Fund revenues are expected to be over budget by 8 percent by the end of the year due to additional HUTF revenue related to a recent state bill dedicating funding to transportation infrastructure projects. Transportation Capital fund revenue, including impact fees for onetime capital expenditures is 55 percent to budget and is estimated to be under budget by 15 percent due to project contributions for Founders/Allen and Founders/Crowfoot intersections. See schedules G and H in Attachment A for more detailed financial information for transportation. Did you know The Public Works also manages the Town s Fleet Fund. That fund maintains 390 vehicles and pieces of equipment. Staff evaluates and monitors vehicles to determine optimal replacement schedules. In 2018, a total of 5 new vehicles and 23 replacement vehicles are planned to be purchased. As of September 30, the Fleet Fund has expended 85 percent of budgeted funds and is expected to be under budget by 7 percent at yearend. Savings are attributed to lower than anticipated vehicle costs. Transfers into the Fleet Fund from other funds make up the majority of revenue. To see more detailed information about the Fleet Fund, see Schedule I of Attachment A. 5

Period Ending September 30, 2018 Ensuring our public safety Police and Fire and Rescue services operate out of the General Fund. Growthrelated expenses are included in the Fire and Police Capital Funds while Police Forfeiture funding is used for special projects when revenue is received. Charts on this page represent the public safety operations at this point in the year. Public safety operations Fire Station 152 serving southern Castle Rock, including Crystal Valley, opened in August 2018: Twelve new personnel hired Equipment purchased to get up and running such as uniforms, fire engines, breathing apparatuses, bunker gear, and search and rescue gear General Fund Fire and Rescue expenditures are currently at 69 percent of the annual budget at this point in the year and will likely finish about 5 percent under budget by the yearend. Castle Rock Police added five new positions as approved in the 2018 budget including: Two Dispatchers Special Ops Sergeant Community Service Officer Public Information Officer Operating costs for the Police in the General Fund are at 76 percent of the annual budget as of September and are expected to finish the year at the annual budget amount. Looking forward Capital expenditures vary throughout the year based on project timing. Impact fee revenue received from new development in Castle Rock funds these projects. Town staff considers the Police and Fire funds on target at this point in the year and estimates the Police Capital Fund to end the year at the annual expenditure budget and the Fire Capital Fund to end the year about 9 percent under budget due to Station 152 construction savings. Police and Fire Capital Fund projects in 2018 include: Construction of Fire Station 152 Renovation of the south building at the Public Safety Training Campus Interfund loan payments related to previous building projects The Police receives forfeiture related revenue from participation in cooperative efforts with state and federal law enforcement. There are no budgeted revenues or expenditures planned for 2018. Learn more about public safety financial performance, and view the detailed financial schedules as of September 30, 2018, in Attachment A Schedules A, J, K, and L. 6

Period Ending September 30, 2018 Maintaining strong parks and recreation Castle Rock Parks and Recreation oversees Town open space, developed parks, Red Hawk Ridge Golf Course, Miller Activity Complex (MAC), Recreation Center, outdoor pools, and special events. Budgets for these areas are included in multiple funds. Sales tax, user fees, statewide lottery distributions, Douglas County share back funds and grants, as available and awarded, support Parks and Recreation. Detailed financial information for Parks and Recreation can be found in Attachment A Schedules A and M P. Parks operations The General Fund includes ongoing parks maintenance and operations with total 2018 funding of 7,017,810. This area is under budget by 6 percent at this point in the year, and staff expects it to remain under by 26 percent at the end of the year due to timing of the onetime completion of a 2mile extension of the East Plum Creek Trail. A 1 million grant from Great Outdoors Colorado supports this project, with remaining resources provided by approved sales tax funding for trail improvements. Parks projects Recreation The Community Center Fund accounts for operations at the Recreation Center, MAC and outdoor pools. Visits to the Recreation Center yeartodate total 187,837, a decrease of 17 percent compared to last year, while MAC visits total 84,218, or 1 percent lower than last year. Total expenditures todate are 78 percent of the annual budget and are estimated to be slightly under budget for the year. Planned improvements at various facilities in 2018 include: Parks and Recreation also utilizes Conservation Trust and Parks and Recreation Capital funds for projects. The capital fund can only be used for growthrelated projects, including the planned construction of a new neighborhood park in The Meadows in 2018. Based on the timing of this project and debt service payments, the capital fund has only utilized 28 percent of the 6,063,850 budget for the year. The Conservation Trust Fund, supported by state lottery proceeds, has used 80 percent of the 940,054 budget including a contribution of 600,000 to the neighborhood park in The Meadows. The Conservation Trust Fund is projected to be under budget by 3 percent for the year, while the Parks and Recreation Capital Fund is expected to be about 26 percent under budget due to actual timing of planned projects. Resurfacing the Leisure Pool at the Recreation Center HVAC maintenance, replacing windows with broken seals, and painting the gym ceiling and walls at the Recreation Center Replacement of the boiler at Butterfield Crossing Pool Planning for a new boarding system on the small indoor field at the MAC Golf The golf course enterprise fund is about 3 percent over budget for the year. Strong revenues prevail, with 33,796 rounds played through September, an increase of 7 percent over last year. User fees highly seasonal based on weather conditions throughout the year support this fund entirely. Staff projects the Golf Fund to surpass the revenue budget by 5 percent and remain under budgeted expenditures by 2 percent at the end of the year. 7

Period Ending September 30, 2018 Other Town funds and initiatives In addition to the specific priorities shown previously, the Town manages other funds that help support economic development, community character, longterm municipal facility funding, and employee benefits. These funds support Town Council direction and responsible longterm Town management. Supporting economic development The Town uses the Economic Development Fund, supported by commercial building use tax to focus on priorities of creating primary employment jobs, expanding the tax base, and maintaining an outstanding business climate. In addition, taxincrement funds from Downtown Castle Rock fund the Downtown Development Authority Tax Increment Financing (DDA TIF) Fund used to support improvements Downtown. Initiatives funded by these areas include: Economic Development Fund (Attachment A Schedule Q): Arapahoe Community College Collaboration Campus Murdoch s incentive agreement Dorsey Pictures employment incentive agreement SRP Companies employment incentive agreement DDA TIF Fund (Attachment A Schedule R): Riverwalk North and South development incentives Redesign of Festival Park, completed in 2018 Community character Funding from the Philip S. Miller Trust, received into the Philip S. Miller Trust (Attachment A Schedule S) and the Public Art (Attachment A Schedule U) funds, supports and maintains Castle Rock s character. Philip S. Miller Trust funds support special events managed by Parks and Recreation, provide nonprofit grant funding, produce annual fireworks displays at Independence Day and Starlighting events, and fund the service contracts with the Castle Rock Museum and Senior Center. The Town utilizes the Public Art Fund for the annual Art Encounters program that leases new artwork on an annual basis for display around the community as well as for purchasing artwork when appropriate. Town facility and employee support An important part of ongoing Town management consists of supporting Town facilities and employees. As the Town grows, the need for facility space grows. The Municipal Facilities Capital Fund uses impact fee revenue received from new development to support facility growth. The General Long Term Planning Fund helps keep up with facility and asset maintenance. Projects in that fund this year include replacement of artificial turf at Metzler Park, replacement of the Town s telephone system, and updates to Town Hall. Both funds are on track. Find detailed financial information about the Municipal Facilities Capital Fund in Attachment A Schedule V and about the General Long Term Planning Fund in Attachment A Schedule W. The Employee Benefits Fund serves to administer the Town s medical, dental and vision health benefit plans including employee contributions, premium, and claim costs and the employee wellness program, all in support of more than 500 benefited employees. Medical and prescription claim activity in 2018 is trending higher than budget, and staff continues to monitor actual fund activity. Estimates place this fund slightly under budget at the end of the year. For more financial information about this fund, see Attachment A Schedule X. 8

Period Ending September 30, 2018 How does the Town manage finances conservatively? The Town continually works to manage Town finances conservatively and ensure that taxpayer funds are prudently expended in support of Town priorities. This multifaceted effort includes: Ongoing monitoring of revenues and expenditures Future budgeting and longterm planning Taxpayer Bill of Rights (TABOR) assessment Financial transparency Financial monitoring In addition to this quarterly report, Finance staff: Reviews lineitem financial information each month Analyzes performance compared to budget Reconciles Town accounts monthly Performs periodic audits to ensure accuracy and appropriate use of Town funds Future planning and investments Longterm financial planning is incorporated into Town decisionmaking and included in the Town s budget process. Each year, the Town adopts a oneyear budget and approves a threeyear balanced financial plan and fiveyear capital improvement program. The longerterm plans guide future decisionmaking and are based on projected available resources. The Town s investment earnings through the third quarter of 2018 are 1.8 million which is less than a percent of the Town s total investment balance of 197 million. The majority of investments coming from Local Government Investment Pools (38 percent) and U.S. Agencies (24 percent). Information about the Town s investments can be found in Attachment C. The 2019 Budget was approved on Sept. 18, 2018, and is available at CRgov.com/2019Budget. TABOR Revenue collections are monitored throughout the year and compared with TABOR revenue limits. In 2016, Town Council directed staff to manage revenues to stay within the limit to the extent possible. Based on 2018 projections, the Town does not anticipate a TABOR surplus. Actual revenues will determine the Town s final TABOR position. Final TABOR calculations are performed after completion of the Town s annual audit. Did you know The Taxpayers Bill of Rights (TABOR), Amendment X of the Colorado Constitution, restricts the Town s revenue collection. Amendment X specifically and significantly addresses the following issues: 1) imposes revenue limits, 2) requires elections for tax changes and increases or new bonded debt, 3) requires emergency reserves, and 4) prohibits multiple fiscal year financial obligations. Transparency The Town s financial information is available for review on the Town s Transparency Portal (CRgov.com/transparency). The Financial Information section includes: Annual budgets, including previous years Pay table information Financial reporting Unclaimed property Check and vendor listings Staledated checks For questions about Town financial information, please contact finance@crgov.com 9

Schedule A Fund: General Fund Summary : All LY Actual CY Budget CY Actual YTD Budget YTD ActYE Estimate Ann Est to B 2018 2018 Annual Actual Budget 2018 Budget* Budget Estimates Budget LY Actual CY Budget CY Actual Taxes 36,338,103 38,878,577 28,130,635 27,790,897 339,738 38,086,883 (791,694) Property 1,134,063 1,208,703 1,195,955 456,066 739,889 1,194,973 (13,730) Sales 31,051,731 33,063,514 24,071,763 23,880,061 191,702 32,339,262 (724,252) Motor Vehicle 3,803,645 4,254,975 2,610,625 3,191,231 (580,606) 4,184,390 (70,585) Other 348,664 351,385 252,292 263,539 (11,247) 368,258 16,873 Franchise Fees 2,323,993 2,442,480 1,785,076 1,831,860 (46,784) 2,465,099 22,619 Licenses & Permits 114,988 106,117 57,166 79,588 (22,422) 97,550 (8,567) Intergovernmental 394,184 1,355,557 309,338 425,559 (116,221) 350,416 (1,005,141) Charges for Service 2,460,155 2,681,466 1,931,252 2,011,100 (79,848) 2,493,425 (188,041) Management Fees 3,274,465 3,519,368 2,639,526 2,639,526 3,519,368 Fines & Forfeitures 399,681 548,606 288,236 411,455 (123,219) 352,970 (195,636) Investment Earnings 153,490 101,272 169,766 75,954 93,812 101,272 Contributions & Donations 164,500 29,500 16,400 16,400 30,000 500 Transfers In 1,025,000 551,250 551,250 Interfund Loan Revenue 381,186 1,191,969 55,700 55,700 979,896 (212,073) Other Revenue 306,767 327,247 119,977 137,918 (17,941) 311,035 (16,212) Total 47,336,512 47,336,515 51,733,409 51,733,409 35,503,072 35,248,353 35,475,957 27,115 49,339,164 (2,394,245)

Schedule A Fund: General Fund Summary : All LY Actual CY Budget CY Actual YTD Budget YTD ActYE Estimate Ann Est to B 2018 2018 Annual Actual Budget 2018 Budget* Budget Estimates Budget Town Council 711,789 592,249 462,477 521,495 59,018 535,393 56,856 Town Manager 540,705 585,493 401,912 448,690 46,778 552,234 33,259 Deputy Town Manager 306,127 299,876 222,257 230,316 8,059 291,540 8,336 Human Resources 865,576 782,142 542,227 595,790 53,563 698,245 83,897 Community Relations 716,410 886,965 637,048 635,451 (1,597) 830,683 56,282 DoIT 2,808,214 3,905,200 2,803,091 2,967,562 164,471 3,746,406 158,794 Facilities 1,253,389 1,460,370 969,734 1,110,313 140,579 1,288,352 172,018 Town Attorney 643,392 867,870 553,938 664,533 110,595 823,598 44,272 Town Clerk 299,945 409,329 275,599 312,058 36,459 432,903 (23,574) Municipal Court 355,524 435,239 273,144 333,461 60,317 405,070 30,169 Finance 2,237,575 2,759,211 2,003,341 2,176,931 173,590 2,633,291 125,920 Police 12,876,383 14,148,544 10,751,459 10,881,912 130,453 14,137,640 10,904 Fire & Rescue 13,760,569 16,143,790 11,142,280 12,113,755 971,475 15,308,528 835,262 Development Services 542,450 607,161 414,738 465,436 50,698 591,077 16,084 Parks & Recreation 4,284,488 7,017,810 3,349,286 3,567,908 218,622 5,177,601 1,840,209 Nonal 4,621,195 3,564,556 891,411 1,748,417 857,006 3,498,508 66,048 Downtown Projects 67,066 16,216 12,162 12,162 16,216 Total 46,890,797 46,890,800 53,378,714 54,482,021 35,693,942 38,786,190 3,092,248 50,967,285 3,514,736 Net / 445,715 (2,748,612) (190,870) (3,310,233) 3,119,363 (1,628,121) 1,120,491 Beginning Funds Available 18,362,061 18,807,776 18,807,776 18,807,776 18,807,776 Ending Funds Available 18,807,776 16,059,164 18,616,906 15,497,543 3,119,363 17,179,655 Less Reserves & Designations: 42,846,622 Contractual Reserve 300,000 300,000 Revenue Stabilization Reserve 1,891,626 1,891,626 Catastrophic Events Reserve 1,050,000 1,050,000 Capital Reserve 2,141,754 2,141,754 Opportunity/Economic Development Reserve 1,210,000 1,210,000 TABOR Reserve 1,981,611 1,981,611 Projected Ending Funds Available 18,807,776 7,484,173 8,604,664

Schedule A Fund: General Fund : All LY Actual CY Budget CY Actual YTD Budget YTD ActYE Estimate Ann Est to B 2018 2018 Annual Actual Budget 2018 Budget* Budget Estimates Budget Taxes 36,338,103 38,878,577 28,130,635 27,790,897 339,738 38,086,883 (791,694) Property 1,134,063 1,208,703 1,195,955 456,066 739,889 1,194,973 (13,730) Sales 31,051,731 33,063,514 24,071,763 23,880,061 191,702 32,339,262 (724,252) Motor Vehicle 3,803,645 4,254,975 2,610,625 3,191,231 (580,606) 4,184,390 (70,585) Other 348,664 351,385 252,292 263,539 (11,247) 368,258 16,873 Franchise Fees 2,323,993 2,442,480 1,785,076 1,831,860 (46,784) 2,465,099 22,619 Licenses & Permits 114,988 106,117 57,166 79,588 (22,422) 97,550 (8,567) Intergovernmental 394,184 1,355,557 309,338 425,559 (116,221) 350,416 (1,005,141) Charges for Service 2,460,155 2,681,466 1,931,252 2,011,100 (79,848) 2,493,425 (188,041) Management Fees 3,274,465 3,519,368 2,639,526 2,639,526 3,519,368 Fines & Forfeitures 399,681 548,606 288,236 411,455 (123,219) 352,970 (195,636) Investment Earnings 153,490 101,272 169,766 75,954 93,812 101,272 Contributions & Donations 164,500 29,500 16,400 16,400 30,000 500 Transfers In 1,025,000 551,250 551,250 Interfund Loan Revenue 381,186 1,191,969 55,700 55,700 979,896 (212,073) Other Revenue 306,767 327,247 119,977 137,918 (17,941) 311,035 (16,212) Total 47,336,512 51,733,409 35,503,072 35,475,957 27,115 49,339,164 (2,394,245) (1) (1) Revenue is estimated to be under budget due to actual sales tax trending, lower than budget Fines and Forfeitures revenue, and timing of when grant proceeds will be received Town Council Personnel 67,333 67,995 51,128 52,304 1,176 68,023 (28) Services & Other 642,848 521,072 410,962 466,804 55,842 465,254 55,818 Supplies 1,608 3,182 387 2,387 2,000 2,116 1,066 Subtotal Town Council 711,789 592,249 462,477 521,495 59,018 535,393 56,856 Town Manager Personnel 444,569 497,628 383,185 382,791 (394) 519,901 (22,273) Services & Other 93,048 77,013 15,827 57,760 41,933 27,653 49,360 Supplies 3,088 10,852 2,900 8,139 5,239 4,680 6,172 Subtotal Town Manager 540,705 585,493 401,912 448,690 46,778 552,234 33,259 Deputy Town Manager Personnel 300,899 281,301 214,005 216,385 2,380 279,890 1,411 Services & Other 4,696 17,303 7,221 12,977 5,756 10,533 6,770 Supplies 532 1,272 1,031 954 (77) 1,117 155 Subtotal Deputy Town Manager 306,127 299,876 222,257 230,316 8,059 291,540 8,336

Fund: General Fund : All Schedule A LY Actual CY Budget CY Actual YTD Budget YTD ActYE Estimate Ann Est to B 2018 2018 Annual Actual Budget 2018 Budget* Budget Estimates Budget Human Resources Personnel 459,237 477,584 370,655 367,372 (3,283) 484,268 (6,684) Services & Other 309,861 299,831 161,177 224,873 63,696 203,089 96,742 Supplies 96,478 4,727 10,395 3,545 (6,850) 10,888 (6,161) Subtotal Human Resources 865,576 782,142 542,227 595,790 53,563 698,245 83,897 Community Relations Personnel 388,594 401,757 311,372 309,044 (2,328) 385,984 15,773 Services & Other 313,497 421,594 311,947 316,196 4,249 428,960 (7,366) Supplies 14,319 13,614 13,729 10,211 (3,518) 15,739 (2,125) Capital 50,000 50,000 Subtotal Community Relations 716,410 886,965 637,048 635,451 (1,597) 830,683 56,282 DoIT Personnel 1,655,715 2,010,435 1,552,494 1,546,488 (6,006) 2,052,339 (41,904) Services & Other 543,050 1,158,086 763,733 868,565 104,832 1,006,148 151,938 Supplies 380,833 354,855 214,965 266,141 51,176 241,494 113,361 Capital 224,446 356,000 252,531 267,000 14,469 420,601 (64,601) Transfers Out 4,170 25,824 19,368 19,368 25,824 Subtotal DoIT 2,808,214 3,905,200 2,803,091 2,967,562 164,471 3,746,406 158,794 Facilities Personnel 727,339 781,816 539,601 601,397 61,796 714,402 67,414 Services & Other 383,854 528,662 339,865 396,497 56,632 446,797 81,865 Supplies 94,065 100,376 53,131 75,282 22,151 77,637 22,739 Transfers Out 48,131 49,516 37,137 37,137 49,516 Subtotal Facilities 1,253,389 1,460,370 969,734 1,110,313 140,579 1,288,352 172,018 Town Attorney Personnel 534,427 708,773 478,175 545,210 67,035 666,697 42,076 Services & Other 104,382 153,325 57,432 114,994 57,562 135,831 17,494 Supplies 4,583 5,772 18,331 4,329 (14,002) 21,070 (15,298) Subtotal Town Attorney 643,392 867,870 553,938 664,533 110,595 823,598 44,272 Town Clerk Personnel 233,217 263,183 196,870 202,448 5,578 263,438 (255) Services & Other 64,486 145,136 75,259 108,852 33,593 165,152 (20,016) Supplies 2,242 1,010 3,470 758 (2,712) 4,313 (3,303) Subtotal Town Clerk 299,945 409,329 275,599 312,058 36,459 432,903 (23,574) (2) (3) Town Clerk is estimated over budget due to increased election costs. Other savings within the General Fund will be utilized to offset these expenses

Fund: General Fund : All Schedule A LY Actual CY Budget CY Actual YTD Budget YTD ActYE Estimate Ann Est to B 2018 2018 Annual Actual Budget 2018 Budget* Budget Estimates Budget Municipal Court Personnel 319,814 365,650 256,734 281,269 24,535 342,182 23,468 Services & Other 23,883 57,057 6,353 42,793 36,440 48,902 8,155 Supplies 11,827 12,532 10,057 9,399 (658) 13,986 (1,454) Subtotal Municipal Court 355,524 435,239 273,144 333,461 60,317 405,070 30,169 Finance Personnel 1,822,230 2,066,707 1,549,631 1,589,775 40,144 2,075,453 (8,746) Services & Other 390,891 480,857 277,926 360,643 82,717 349,433 131,424 Supplies 24,454 211,647 175,784 226,513 50,729 208,405 3,242 Subtotal Finance 2,237,575 2,759,211 2,003,341 2,176,931 173,590 2,633,291 125,920 Police Personnel 10,739,529 12,042,352 9,031,112 9,263,348 232,236 11,953,843 88,509 Services & Other 876,054 841,361 767,054 669,941 (97,113) 996,255 (154,894) Supplies 729,821 803,985 607,659 602,989 (4,670) 726,696 77,289 Capital 23,017 Debt & Financing 102,661 Transfers Out 405,301 460,846 345,634 345,634 460,846 Subtotal Police 12,876,383 14,148,544 10,751,459 10,881,912 130,453 14,137,640 10,904 Fire & Rescue Personnel 10,226,284 12,346,776 8,783,419 9,497,520 714,101 11,705,264 641,512 Services & Other 1,091,407 1,428,765 800,715 1,071,574 270,859 1,114,386 314,379 Supplies 929,168 865,327 622,419 648,995 26,576 968,646 (103,319) Capital 332,209 91,000 108,311 68,250 (40,061) 108,310 (17,310) Debt & Financing 210,139 Transfers Out 971,362 1,411,922 827,416 827,416 1,411,922 Subtotal Fire & Rescue 13,760,569 16,143,790 11,142,280 12,113,755 971,475 15,308,528 835,262 Development Services Personnel 468,713 523,366 385,007 402,589 17,582 509,068 14,298 Services & Other 35,380 68,574 22,018 51,431 29,413 69,354 (780) Supplies 5,671 8,096 2,369 6,072 3,703 5,530 2,566 Transfers Out 32,686 7,125 5,344 5,344 7,125 Subtotal Development Services 542,450 607,161 414,738 465,436 50,698 591,077 16,084

Fund: General Fund : All Schedule A LY Actual CY Budget CY Actual YTD Budget YTD ActYE Estimate Ann Est to B 2018 2018 Annual Actual Budget 2018 Budget* Budget Estimates Budget Parks & Recreation Personnel 2,117,012 2,230,016 1,657,873 1,665,778 7,905 2,224,872 5,144 Services & Other 1,241,184 1,804,868 1,204,971 1,237,854 32,883 1,677,957 126,911 Supplies 378,269 347,699 210,347 219,537 9,190 341,088 6,611 Capital 309,111 2,360,708 59,737 228,850 169,113 658,696 1,702,012 Transfers Out 238,912 274,519 216,358 215,889 (469) 274,988 (469) Subtotal Parks & Recreation 4,284,488 7,017,810 3,349,286 3,567,908 218,622 5,177,601 1,840,209 Nonal Personnel (10) 95,573 (95,573) 95,572 (95,572) Services & Other 981,524 990,556 574,194 742,917 168,723 817,601 172,955 Supplies 68,604 135,000 13,416 101,250 87,834 146,335 (11,335) Capital 497,574 2,289,000 58,228 716,750 658,522 2,289,000 Transfers Out 3,073,503 150,000 150,000 187,500 37,500 150,000 Subtotal Nonal 4,621,195 3,564,556 891,411 1,748,417 857,006 3,498,508 66,048 Downtown Projects Capital 67,066 16,216 12,162 12,162 16,216 Subtotal Downtown Projects 67,066 16,216 12,162 12,162 16,216 Total 46,890,797 46,890,800 53,378,714 54,482,021 35,693,942 38,786,190 3,092,248 50,967,285 3,514,736 Net / 445,715 (2,748,612) (190,870) (3,310,233) 3,119,363 (1,628,121) 1,120,491 Beginning Funds Available 18,362,061 18,807,776 18,807,776 18,807,776 18,807,776 Ending Funds Available 18,807,776 16,059,164 18,616,906 15,497,543 2,557,742 17,179,655 Less Reserves & Designations: 42,846,622 Contractual Reserve 300,000 300,000 Revenue Stabilization Reserve 1,891,626 1,891,626 Catastrophic Events Reserve 1,050,000 1,050,000 Capital Reserve 2,141,754 2,141,754 Opportunity/Economic Development Reserve 1,210,000 1,210,000 TABOR Reserve 1,981,611 1,981,611 Projected Ending Funds Available 18,807,776 7,484,173 8,604,664

Fund: Development Services Fund : Development Services LY Actual CY Budget CY Actual YTD Budget YTD Budget 2018 Actual Budget 2018 Budget* Budget Estimates Licenses & Permits 4,283,048 5,114,341 3,965,634 4,106,816 (141,182) 5,192,000 2018 Annual Budget 77,659 Charges for Service 1,435,819 1,545,000 1,394,203 1,158,750 235,453 1,633,648 88,648 Investment Earnings 56,054 19,466 27,849 14,600 13,249 42,914 23,448 Total 5,776,685 5,776,685 6,678,807 6,678,807 5,387,686 5,387,686 5,280,166 107,520 6,868,562 189,755 Personnel 4,303,622 5,242,769 3,481,255 4,032,899 551,644 4,731,509 511,260 Services & Other 1,003,183 1,089,901 538,101 817,426 279,325 867,981 221,920 Supplies 399,244 274,661 154,158 205,996 51,838 210,504 64,157 Capital 4,518,720 300,134 142,212 225,101 82,889 300,134 Transfers Out 212,651 111,278 87,846 87,846 107,666 3,612 Total 10,437,422 10,437,420 7,018,743 4,403,572 5,369,268 965,696 6,217,794 800,949 Net / (4,660,735) (339,936) 984,114 (89,102) 1,073,216 650,768 990,704 Beginning Funds Available 7,401,480 2,740,745 2,740,745 2,740,745 2,740,745 Ending Funds Available 2,740,745 2,400,809 3,724,859 2,651,643 1,324,050 3,391,513 Less Reserves & Designations: 7,401,480 Revenue Stabilization Reserve 2,400,809 2,400,809 3,391,513 Projected Ending Funds Available 2,740,745 1,324,049 Schedule B

Fund: Water Fund : Castle Rock Water LY Actual CY Budget CY Actual YTD Budget YTD Budget 2018 Actual Budget 2018 Budget* Budget Estimates 2018 Annual Budget Intergovernmental 3,200,000 125,000 125,000 125,000 125,000 Charges for Service 13,544,545 14,160,843 11,739,946 10,631,803 1,108,143 15,065,213 904,370 Fines & Forfeitures 336,412 369,700 259,526 277,275 (17,749) 338,994 (30,706) Investment Earnings 197,898 119,635 169,611 89,726 79,885 239,699 120,064 System Development Fees 2,795,827 2,746,300 2,475,798 2,205,279 270,519 3,472,213 725,913 Contributions & Donations 30,000 30,000 Interfund Loan Revenue 2,544,497 695,250 15,188 15,188 695,250 Other Revenue 126,585 193,160 101,921 144,870 (42,949) 196,529 3,369 Total 22,745,764 22,745,764 18,439,888 18,439,888 14,886,990 14,886,990 13,489,141 1,397,849 20,162,898 1,723,010 Personnel 2,855,311 3,167,902 2,465,578 2,436,848 (28,730) 3,279,806 (111,904) Services & Other 4,570,041 6,651,296 2,920,589 4,088,472 1,167,883 6,355,340 295,956 Supplies 1,029,220 1,325,986 795,067 994,490 199,423 1,190,998 134,988 Capital 14,729,444 13,769,407 5,515,449 7,966,804 2,451,355 13,414,977 354,430 Debt & Financing 1,737,328 1,746,879 281,861 281,861 1,746,879 Transfers Out 1,440,288 1,870,744 1,476,583 1,405,429 (71,154) 1,870,744 Total 26,361,631 26,361,632 21,828,083 28,532,214 13,455,128 13,455,127 17,173,904 3,718,777 27,858,744 673,470 Net / (3,615,868) (10,092,326) 1,431,863 (3,684,763) 5,116,626 (7,695,846) 2,396,480 Beginning Funds Available 24,504,642 20,888,774 20,888,774 20,888,774 20,888,774 Ending Funds Available 20,888,774 10,796,448 22,320,637 17,204,011 11,524,189 13,192,928 Less Reserves & Designations: 24,504,642 Operating Designation 1,631,968 1,311,108 1,631,968 Capital Reserve 1,228,345 3,586,715 3,624,825 Catastrophic Events Reserve 5,346,135 4,829,249 5,346,135 Rate Stabilization Reserve 1,590,000 1,590,000 Projected Ending Funds Available 20,888,774 1,000,000 12,593,565 1,000,000 Schedule C

Fund: Water Resources Fund : Castle Rock Water LY Actual CY Budget CY Actual YTD Budget YTD Budget 2018 Actual Budget 2018 Budget* Budget Estimates 2018 Annual Budget Licenses & Permits 13,580 13,580 15,385 15,385 Intergovernmental 9,264 9,264 13,896 13,896 Charges for Service 8,573,021 8,701,060 6,477,774 6,477,774 8,686,380 (14,680) Fines & Forfeitures 91,583 6,000 110,163 4,500 105,663 130,859 124,859 Investment Earnings 746,360 523,586 412,005 392,690 19,315 598,057 74,471 System Development Fees 14,451,282 16,289,876 14,233,886 13,080,770 1,153,116 18,879,970 2,590,094 Transfers In 1,239,645 1,484,575 1,154,809 1,115,802 39,007 1,556,298 71,723 Debt & Financing Revenue 1,712,249 1,041,000 1,041,000 1,561,500 1,561,500 Other Revenue 182,073 130,202 124,600 97,652 26,948 186,736 56,534 Total 26,996,213 26,996,213 27,135,299 27,135,299 23,577,082 23,577,081 21,192,032 2,385,049 31,629,081 4,493,782 Personnel 1,787,528 2,180,587 1,459,156 1,677,375 218,219 1,928,291 252,296 Services & Other 1,615,633 6,111,593 2,378,003 4,583,695 2,205,692 3,317,966 2,793,627 Supplies 385,191 365,270 357,552 273,953 (83,599) 469,523 (104,253) Capital 53,090,032 54,779,824 3,070,570 27,588,477 24,517,907 11,421,555 43,358,269 Debt & Financing 3,661,112 4,265,747 1,447,406 1,447,406 3,679,775 585,972 Transfers Out 4,707 4,951 3,713 4,948 1,235 4,951 Total 60,544,203 63,601,540 67,707,972 8,716,400 35,575,854 26,859,454 20,822,061 46,885,911 (1) Net / (33,547,990) (40,572,673) 14,860,681 (14,383,821) 29,244,502 10,807,020 51,379,693 Beginning Funds Available 88,185,948 54,637,958 54,637,958 54,637,958 54,637,958 Ending Funds Available 54,637,958 14,065,285 69,498,639 40,254,137 55,433,354 65,444,978 Less Reserves & Designations: 88,185,948 Operating Designation 1,337,956 662,240 1,337,956 Capital Reserve 9,797,614 69,891,867 61,177,307 Catastrophic Events Reserve 2,429,715 2,429,715 Projected Ending Funds Available 54,637,958 500,000 (1,055,468) 500,000 Schedule D (1) Unspent capital project funding will be carried forward to 2019 due to project timing

Fund: Stormwater Fund : Castle Rock Water LY Actual CY Budget CY Actual YTD Budget YTD Budget 2018 Actual Budget 2018 Budget* Budget Estimates 2018 Annual Budget Intergovernmental 280,795 101,203 101,203 110,004 110,004 Charges for Service 3,187,045 3,273,942 2,580,469 2,580,469 3,451,425 177,483 Fines & Forfeitures 132 150 79 113 (34) 150 Investment Earnings 55,280 29,759 68,362 22,319 46,043 93,036 63,277 System Development Fees 1,451,575 1,554,700 1,404,774 1,248,424 156,350 1,716,167 161,467 Contributions & Donations 5,615 2,315 1,736 1,736 651,100 648,785 Transfers In 39,684 Other Revenue 4,798 3,946 2,960 2,960 38,636 34,690 Total 5,024,924 5,024,924 4,864,812 4,864,812 4,832,231 4,159,583 3,957,224 202,359 6,060,518 1,195,706 Personnel 1,552,421 1,649,029 1,201,526 1,268,484 66,958 1,604,112 44,917 Services & Other 522,610 668,666 349,877 501,500 151,623 497,287 171,379 Supplies 89,491 82,664 40,851 61,998 21,147 62,522 20,142 Capital 2,142,358 4,795,983 1,424,339 2,614,895 1,190,556 2,889,056 1,906,927 Interfund Loan 20,250 695,250 15,188 15,188 695,250 Transfers Out 98,510 252,894 221,819 224,270 2,451 252,894 Total 4,425,641 4,425,640 7,984,486 8,144,486 3,253,599 3,253,600 4,686,335 1,432,735 6,001,121 2,143,365 Net / 599,284 (3,279,674) 905,983 (729,111) 1,635,094 59,397 3,339,071 Beginning Funds Available 7,091,072 7,690,356 7,690,356 7,690,356 7,690,356 Ending Funds Available 7,690,356 4,410,682 8,596,339 6,961,245 4,185,657 7,749,753 Less Reserves & Designations: 7,091,072 Operating Designation 396,821 339,871 396,821 Capital Reserve 3,513,861 6,852,932 Projected Ending Funds Available 7,690,356 500,000 8,256,468 500,000 Schedule E

Fund: Wastewater Fund : Castle Rock Water LY Actual CY Budget CY Actual YTD Budget YTD Budget 2018 Actual Budget 2018 Budget* Budget Estimates 2018 Annual Budget Charges for Service 10,100,573 9,956,973 7,927,980 7,927,980 10,605,552 648,579 Fines & Forfeitures 173 100 103 75 28 100 Investment Earnings 196,756 82,246 270,756 61,685 209,071 383,103 300,857 System Development Fees 2,385,774 2,473,795 2,809,814 1,986,457 823,357 3,707,867 1,234,072 (1) Contributions & Donations 28,795 29,510 29,510 Other Revenue 191,752 132,240 132,240 132,240 509,074 376,834 Total 12,903,823 12,903,823 12,674,864 12,674,864 11,524,061 11,140,893 10,108,437 1,032,456 15,235,206 2,560,342 Personnel 1,440,839 1,408,473 1,081,076 1,083,441 2,365 1,433,236 (24,763) Services & Other 7,318,254 6,242,805 4,023,828 4,682,104 658,276 5,307,382 935,423 Supplies 295,409 331,018 223,816 248,264 24,448 287,351 43,667 Capital 185,337 20,969,192 12,063,321 12,132,507 69,186 18,663,088 2,306,104 Debt & Financing 332,430 333,594 45,008 45,008 333,594 Transfers Out 67,001 210,639 192,582 192,582 210,639 Total 9,639,270 9,518,268 29,498,944 29,495,721 17,629,631 18,383,906 754,275 26,235,290 3,260,431 Net / 3,264,553 (16,820,857) (6,488,738) (8,275,468) 1,786,730 (11,000,084) 5,820,773 Beginning Funds Available 24,005,548 27,270,101 27,270,101 27,270,101 27,270,101 Ending Funds Available 27,270,101 10,449,244 20,781,363 18,994,633 10,332,119 16,270,017 Less Reserves & Designations: 24,005,548 Operating Designation 1,324,604 853,018 1,324,604 Catastrophic Events Reserve 6,477,618 10,211,036 6,477,618 Capital Reserve 1,647,022 7,467,795 Projected Ending Funds Available 27,270,101 1,000,000 9,717,309 1,000,000 Schedule F (1) System Development Fees are estimated over budget due to variation in tap size of permits anticipated to be issued

Schedule G Fund: Transportation Fund : Public Works LY Actual CY Budget CY Actual YTD Budget YTD ActYE Estimate Ann Est to B 2018 2018 Annual Actual Budget 2018 Budget* Budget Estimates Budget Taxes 18,607,673 19,545,393 14,977,121 14,659,045 318,076 19,942,511 397,118 Use 2,707,656 2,500,187 2,869,043 1,875,140 993,903 3,228,315 728,128 Sales 13,369,246 14,214,140 10,334,017 10,266,136 67,881 13,930,094 (284,046) Motor Vehicle 2,530,771 2,831,066 1,774,061 2,123,300 (349,239) 2,784,102 (46,964) Intergovernmental 3,538,364 4,469,648 3,850,552 3,018,986 831,566 5,703,869 1,234,221 Charges for Service 8,392 Investment Earnings 45,299 27,321 106,472 20,491 85,981 131,761 104,440 Contributions & Donations 312,759 6,000 71,215 69,715 1,500 67,725 61,725 Other Revenue 3,936 1,200 12,519 900 11,619 12,235 11,035 Total 22,516,423 22,516,424 24,049,562 24,049,562 19,017,879 17,769,137 1,248,742 25,858,101 1,808,539 Personnel 3,535,230 4,318,349 2,992,462 3,321,807 329,345 4,058,785 259,564 Services & Other 11,544,452 14,714,828 9,945,826 11,736,027 1,790,201 12,865,849 1,848,979 Supplies 555,503 643,723 355,408 482,792 127,384 613,823 29,900 Capital 1,535,371 4,245,375 2,037,697 3,608,496 1,570,799 4,019,482 225,893 Debt & Financing 297,250 395,700 248,754 248,754 396,104 (404) Transfers Out 1,081,455 2,488,117 447,197 447,197 2,488,117 Total 18,549,261 26,806,092 16,027,344 19,845,073 3,817,729 24,442,160 2,363,932 Net / 3,967,162 (2,756,530) 2,990,535 (2,075,936) 5,066,471 1,415,941 4,172,471 Beginning Funds Available 5,264,249 9,231,411 9,231,411 9,231,411 9,231,411 Ending Funds Available 9,231,411 6,474,881 12,221,946 7,155,475 5,747,065 10,647,352 Less Reserves & Designations: 5,264,249 Revenue Stabilization Reserve 319,663 319,663 Catastrophic Events Reserve 1,645,519 1,645,519 Projected Ending Funds Available 9,231,411 4,509,699 8,682,170

Fund: Transportation Capital Projects Fund : Public Works LY Actual CY Budget CY Actual YTD Budget YTD Budget 2018 Actual Budget 2018 Budget* Budget Estimates Taxes 1,996,035 2,253,544 2,129,820 1,690,158 439,662 2,453,650 2018 Annual Budget 200,106 Use 1,996,035 2,253,544 2,129,820 1,690,158 439,662 2,453,650 200,106 Intergovernmental 32,550 1,447,000 191,362 548,471 (357,109) 191,362 (1,255,638) Investment Earnings 97,771 82,362 44,221 61,772 (17,551) 65,343 (17,019) Impact Fees 3,411,637 6,712,613 5,367,289 5,390,228 (22,939) 7,518,699 806,086 Contributions & Donations 2,459,333 577,333 (1,882,000) Transfers In 462,411 1,200,000 1,200,000 Total 6,000,404 6,000,403 14,154,852 14,154,852 7,732,693 7,732,692 7,690,629 42,063 12,006,387 (2,148,465) (1) Personnel 46,506 Services & Other 1,058 40,665 34,460 30,499 (3,961) 43,460 (2,795) Capital 558,195 17,093,528 1,023,218 14,379,173 13,355,955 9,233,528 7,860,000 Debt & Financing 1,353,450 1,350,838 922,556 922,556 1,351,138 (300) Interfund Loan 2,524,247 Transfers Out 29,323 146,457 132,847 132,847 132,847 13,610 Total 4,512,779 18,481,453 18,631,488 2,113,081 15,465,075 13,351,994 10,760,973 7,870,515 (1) Net / 1,487,625 (4,476,636) 5,619,611 (7,774,446) 13,394,057 1,245,414 5,722,050 Beginning Funds Available 5,021,489 6,509,114 6,509,114 6,509,114 6,509,114 Ending Funds Available 6,509,114 2,032,478 12,128,725 (1,265,332) 10,096,247 7,754,528 Less Reserves & Designations: 5,021,489 Capital Reserve 1,250,000 1,250,000 Committed for Fund Purpose 782,478 6,504,528 Projected Ending Funds Available 6,509,114 12,128,725 Schedule H (1) Revenue and expenditures are estimated under budget due to the planned carryforward of capital projects and corresponding grant revenue receipts to 2019

Fund: Fleet Services Fund : Public Works LY Actual CY Budget CY Actual YTD Budget YTD Budget 2018 Actual Budget 2018 Budget* Budget Estimates 2018 Annual Budget Charges for Service 3,334,032 3,895,331 2,867,478 2,921,498 (54,020) 3,837,806 (57,525) Investment Earnings 11,242 6,404 12,455 4,803 7,652 16,716 10,312 Transfers In 1,356,954 1,415,540 779,012 814,020 (35,008) 1,393,095 (22,445) Other Revenue 253,283 206,219 145,209 154,664 (9,455) 205,513 (706) Total 4,955,511 4,955,512 5,523,494 5,523,494 3,804,154 3,804,154 3,894,985 (90,831) 5,453,130 (70,364) (1) Personnel 522,994 630,507 416,355 485,005 68,650 562,164 68,343 Services & Other 159,720 185,674 173,868 139,256 (34,612) 216,294 (30,620) Supplies 396,268 301,008 232,920 225,756 (7,164) 261,993 39,015 Capital 3,739,191 4,879,861 4,266,958 4,101,462 (165,497) 4,518,690 361,171 Transfers Out 11,149 13,119 9,839 9,839 13,119 Total 4,829,323 4,829,322 6,010,169 5,099,941 5,099,940 4,961,318 (138,622) 5,572,260 437,909 Net / 126,189 (486,675) (1,295,786) (1,066,333) (229,453) (119,130) 367,545 Beginning Funds Available 2,740,562 2,866,751 2,866,751 2,866,751 2,866,751 Ending Funds Available 2,866,751 2,380,076 1,570,965 1,800,418 (809,111) 2,747,621 Less Reserves & Designations: 2,740,562 Committed for Fund Purpose 2,380,076 1,570,965 2,747,621 Projected Ending Funds Available 2,866,751 Schedule I (1) Total revenues for the Fleet fund are estimated under budget due to fleet repair and maintenance trending low for the year

Fund: Fire Capital Fund : Fire LY Actual CY Budget CY Actual YTD Budget YTD Budget 2018 Actual Budget 2018 Budget* Budget Estimates Investment Earnings 25,208 2,032 24,311 1,524 22,787 36,455 2018 Annual Budget 34,423 Impact Fees 720,541 1,032,734 799,666 829,285 (29,619) 1,130,348 97,614 Transfers In 3,006,029 Total 3,751,778 3,751,777 1,034,766 1,034,766 823,977 823,977 830,809 (6,832) 1,166,803 132,037 Services & Other 53,056 75,511 67,196 56,633 (10,563) 79,507 (3,996) Supplies 289,282 168,453 216,962 48,509 258,029 31,253 Capital 1,357,096 4,029,203 3,515,293 3,602,082 86,789 3,602,082 427,121 Interfund Loan 429,265 33,750 321,949 288,199 429,265 Transfers Out 1,028,502 473,479 473,479 Total 2,918,654 2,438,654 5,296,740 3,784,692 4,197,626 412,934 4,842,362 454,378 Net / 1,313,124 (4,261,974) (2,960,715) (3,366,817) 406,102 (3,675,559) 586,415 Beginning Funds Available 3,348,931 4,662,055 4,662,055 4,662,055 4,662,055 Ending Funds Available 4,662,055 400,081 1,701,340 1,295,238 1,301,259 986,496 Less Reserves & Designations: 3,348,931 Committed for Fund Purpose 400,081 1,701,340 986,496 Projected Ending Funds Available 4,662,055 Schedule J

Fund: Police Capital Fund : Police LY Actual CY Budget CY Actual YTD Budget YTD Budget 2018 Actual Budget 2018 Budget* Budget Estimates Investment Earnings 1,643 4,441 1,231 3,331 (2,100) 4,441 2018 Annual Budget Impact Fees 327,305 461,306 347,533 370,429 (22,896) 484,117 22,811 Transfers In 588 Total 329,536 329,536 465,747 465,747 348,764 348,764 373,760 (24,996) 488,558 22,811 Services & Other 20,721 25,447 21,269 19,085 (2,184) 25,447 Interfund Loan 86,983 190,943 12,347 12,347 190,943 Transfers Out 57,499 103,000 110,764 110,764 103,000 Total 645,203 165,203 319,390 144,380 142,196 (2,184) 319,390 Net / 164,333 146,357 204,384 231,564 (27,180) 169,168 22,811 Beginning Funds Available 118,491 282,824 282,824 282,824 282,824 Ending Funds Available 282,824 429,181 487,208 514,388 58,027 451,992 Less Reserves & Designations: 118,491 Committed for Fund Purpose 429,181 487,208 451,992 Projected Ending Funds Available 282,824 Schedule K

Fund: Police Forfeiture Fund : Police LY Actual CY Budget CY Actual YTD Budget YTD Budget 2018 Actual Budget 2018 Budget* Budget Estimates Intergovernmental 20,946 2018 Annual Budget Investment Earnings 134 124 (124) Total 21,080 21,080 124 124 (124) Total Net / 21,080 124 (124) Beginning Funds Available 521 21,601 21,601 21,601 21,601 Ending Funds Available 21,601 21,725 21,601 21,601 (124) 21,601 Less Reserves & Designations: 521 Committed for Fund Purpose 21,725 21,601 21,601 Projected Ending Funds Available 21,601 Schedule L

Fund: Parks & Recreation Capital Fund : Parks and Recreation LY Actual CY Budget CY Actual YTD Budget YTD Budget 2018 Actual Budget 2018 Budget* Budget Estimates 2018 Annual Budget Investment Earnings 35,685 3,536 28,631 2,652 25,979 42,909 39,373 Impact Fees 3,100,074 3,941,813 3,294,059 3,165,276 128,783 4,246,186 304,373 Contributions & Donations 20,000 20,000 20,000 Transfers In 9,861 600,000 600,000 600,000 600,000 Other Revenue 129 Total 3,165,749 3,165,749 3,965,349 3,965,349 3,922,690 3,922,690 3,167,928 754,762 4,909,095 943,746 Services & Other 247,098 256,759 237,074 (19,685) 259,098 (12,000) Supplies 8,960 (8,960) Capital 5,732,245 3,534,668 453,245 716,162 262,917 1,969,431 1,565,237 (1) Debt & Financing 709,828 707,862 174,749 174,749 707,862 Interfund Loan 731,500 721,000 15,750 15,750 721,000 Transfers Out 1,470,000 853,222 778,222 909,472 131,250 853,222 Total 8,643,572 8,643,573 5,054,045 6,063,850 1,687,685 2,053,207 365,522 4,510,613 1,553,237 Net / (5,477,824) (2,098,501) 2,235,005 1,114,721 1,120,284 398,482 2,496,983 Beginning Funds Available 7,592,812 2,114,988 2,114,988 2,114,988 2,114,988 Ending Funds Available 2,114,988 16,487 4,349,993 3,229,709 4,333,506 2,513,470 Less Reserves & Designations: 7,592,812 Committed for Fund Purpose 16,487 4,349,993 2,513,470 Projected Ending Funds Available 2,114,988 Schedule M (1) Unspent funding for construction of the new neighborhood park will be carried forward to 2019

Fund: Conservation Trust Fund : Parks and Recreation LY Actual CY Budget CY Actual YTD Budget YTD Budget 2018 Actual Budget 2018 Budget* Budget Estimates 2018 Annual Budget Licenses & Permits 127,545 154,500 87,078 105,493 (18,415) 134,500 (20,000) Intergovernmental 453,225 856,672 341,592 316,254 25,338 876,591 19,919 Investment Earnings 1,404 3,487 2,098 2,615 (517) 2,760 (727) Other Revenue 154 Total 582,328 582,328 1,014,659 1,014,659 430,768 430,768 424,362 6,406 1,013,851 (808) Personnel 86,648 89,756 68,759 69,043 284 89,607 149 Services & Other 27,457 45,000 31,444 33,750 2,306 32,074 12,926 Supplies 29,370 107,500 19,369 80,625 61,256 118,896 (11,396) Capital 69,202 97,798 35,687 73,349 37,662 67,918 29,880 Transfers Out 600,000 600,000 600,000 600,000 Total 212,676 212,677 940,054 755,258 755,259 856,767 101,508 908,495 31,559 Net / 369,651 74,605 (324,491) (432,405) 107,914 105,356 30,751 Beginning Funds Available 157,693 527,344 527,344 527,344 527,344 Ending Funds Available 527,344 601,949 202,853 94,939 (399,096) 632,700 Less Reserves & Designations: 157,693 Committed for Fund Purpose 601,949 202,853 632,700 Projected Ending Funds Available 527,344 Schedule N

Fund: Community Center Fund : Parks and Recreation LY Actual CY Budget CY Actual YTD Budget YTD Budget 2018 Actual Budget 2018 Budget* Budget Estimates 2018 Annual Budget Taxes 3,027,601 3,273,072 2,411,709 2,386,280 25,429 3,238,775 (34,297) Use 335,203 386,499 357,681 289,874 67,807 413,220 26,721 Sales 2,319,271 2,469,173 1,797,933 1,783,356 14,577 2,415,078 (54,095) Motor Vehicle 373,127 417,400 256,095 313,050 (56,955) 410,477 (6,923) Intergovernmental 10,000 16,688 16,688 16,688 16,688 Charges for Service 3,752,932 4,208,095 2,906,781 3,262,115 (355,334) 4,193,833 (14,262) Investment Earnings 7,296 22,131 5,395 16,598 (11,203) 8,180 (13,951) Interfund Loan Revenue 418,000 412,000 9,000 9,000 412,000 Other Revenue 41,779 47,587 21,539 35,690 (14,151) 27,536 (20,051) Total 7,257,608 7,257,609 7,962,885 7,962,885 5,390,611 5,371,112 5,709,683 (338,571) 7,897,012 (65,873) (1) Personnel 3,695,102 3,838,839 2,998,400 3,005,352 6,952 3,890,878 (52,039) Services & Other 2,055,823 2,197,413 1,629,703 1,321,304 (308,399) 2,164,337 33,076 Supplies 563,532 525,582 461,257 386,881 (74,376) 553,353 (27,771) Capital 256,359 390,000 298,546 292,500 (6,046) 296,298 93,702 Transfers Out 98,248 153,861 145,494 155,813 10,319 150,210 3,651 Total 6,669,065 6,669,064 7,105,695 5,533,400 5,161,850 (371,550) 7,055,076 50,619 (1) Net / 588,544 857,190 (162,288) 547,833 (710,121) 841,936 (15,254) Beginning Funds Available 911,250 1,499,794 1,499,794 1,499,794 1,499,794 Ending Funds Available 1,499,794 2,356,984 1,337,506 2,047,627 (1,019,478) 2,341,730 Less Reserves & Designations: 911,250 Capital Reserve 288,759 368,524 288,759 Revenue Stabilization Reserve 98,192 200,000 98,192 Projected Ending Funds Available 1,499,794 1,970,033 768,982 1,954,779 Schedule O (1) The 2018 YTD Budget is based on historical seasonal averages. Community Center/MAC programming is highly seasonal. Staff will continue to monitor this fund throughout the year and will make necessary adjustments as needed.

Fund: Golf Course Fund : Parks and Recreation LY Actual CY Budget CY Actual YTD Budget YTD Budget 2018 Actual Budget 2018 Budget* Budget Estimates 2018 Annual Budget Charges for Service 3,054,728 3,200,711 2,826,368 2,784,298 42,070 3,349,402 148,691 Investment Earnings 15,600 10,765 7,160 8,074 (914) 9,249 (1,516) Transfers In 80,000 80,000 80,000 80,000 80,000 Other Revenue 2,820 927 927 837 837 Total 3,153,148 3,153,148 3,291,476 3,187,721 2,914,455 2,914,455 2,872,372 42,083 3,439,488 148,012 Personnel 1,233,943 1,298,991 1,034,217 1,030,823 (3,394) 1,319,345 (20,354) Services & Other 576,370 609,412 416,287 292,822 (103,505) 546,086 63,326 Supplies 614,571 597,243 503,605 514,744 63,639 617,846 (20,603) Capital 200,042 234,399 151,068 211,442 60,374 196,014 38,385 Debt & Financing 650,798 653,799 199,787 199,787 651,599 2,200 Interfund Loan 7,512 7,512 5,634 5,634 7,512 Transfers Out 2,742 2,539 1,904 1,904 2,539 Total 3,285,978 3,331,435 3,403,895 2,312,502 2,257,155 (55,347) 3,340,941 62,954 (1) Net / (132,830) (112,419) 601,953 615,217 (13,264) 98,547 210,966 Beginning Funds Available 1,723,566 1,590,736 1,590,736 1,590,736 1,590,736 Ending Funds Available 1,590,736 1,478,317 2,192,689 2,205,953 714,372 1,689,283 Less Reserves & Designations: 1,723,566 Revenue Stabilization Reserve 200,000 853,018 200,000 Capital Reserve 145,061 10,211,036 145,061 Debt Service Reserve 500,815 500,815 Projected Ending Funds Available 1,590,736 632,441 (11,666,007) 843,407 Schedule P (1) The 2018 YTD Budget is based on historical seasonal averages. The golf course is highly seasonal and dependent on weather. Although over budget at this point in the year, this fund is considered to be on track given this variability. However, staff will continue to monitor this fund throughout the year and will make necessary adjustments as needed. Estimates indicate this fund will end the year under budget.

Fund: Economic Development Fund : Town Manager LY Actual CY Budget CY Actual YTD Budget YTD Budget 2018 Actual Budget 2018 Budget* Budget Estimates Taxes 1,100,857 821,458 844,058 616,094 227,964 998,738 Use 1,100,857 821,458 844,058 616,094 227,964 998,738 2018 Annual Budget 177,280 177,280 Investment Earnings 55,295 58,763 43,671 44,072 (401) 63,964 5,201 Interfund Loan Revenue 307,270 309,045 231,784 (231,784) 76,228 (232,817) Total 1,463,422 1,490,494 1,189,266 1,189,266 887,730 887,729 891,950 (4,221) 1,138,930 (50,336) Services & Other 280,623 3,730,301 253,960 2,797,726 2,543,766 2,525,481 1,204,820 Transfers Out 924,000 Total 1,204,623 3,730,301 253,960 2,797,726 2,543,766 2,525,481 1,204,820 Net / 258,799 (2,541,035) 633,769 (1,905,776) 2,539,545 (1,386,551) 1,154,484 Beginning Funds Available 4,287,087 4,545,886 4,545,886 4,545,886 4,545,886 Ending Funds Available 4,545,886 2,004,851 5,179,655 2,640,110 3,174,804 3,159,335 Less Reserves & Designations: 4,287,087 Future Incentive Obligation 2,000,000 2,000,000 Committed for Fund Purpose 4,851 5,179,655 1,159,335 Projected Ending Funds Available 4,545,886 Schedule Q

Fund: Downtown Development TIF Fund : Finance LY Actual CY Budget CY Actual YTD Budget YTD Budget 2018 Actual Budget 2018 Budget* Budget Estimates Taxes 1,033,379 1,467,389 1,096,183 1,100,542 (4,359) 1,310,000 2018 Annual Budget (157,389) Property 41,538 160,000 131,755 120,000 11,755 160,000 Sales 991,841 1,307,389 964,428 980,542 (16,114) 1,150,000 (157,389) Investment Earnings 3,471 2,603 (2,603) 3,471 Transfers In 900,000 Other Revenue 7,500 9,000 9,000 Total 1,940,879 1,940,878 1,479,860 1,479,860 1,096,183 724,779 1,103,145 (6,962) 1,322,471 (157,389) (1) Services & Other 1,119,634 700,928 820,141 820,141 853,338 (152,410) Supplies 4,565 Capital 632,963 632,963 Debt & Financing 256,361 235,286 83,789 83,789 180,387 54,899 Interfund Loan 307,269 539,120 125,023 414,097 Total 1,687,829 2,108,297 903,930 903,930 1,158,748 949,549 Net / 253,050 (628,437) 192,253 199,215 (6,962) 163,723 792,160 Beginning Funds Available 1,655,964 1,909,014 1,909,014 1,909,014 1,909,014 Ending Funds Available 1,909,014 1,280,577 2,101,267 2,108,229 820,690 2,072,737 Less Reserves & Designations: 1,655,964 Committed for Fund Purpose 56,322 848,482 Loan Reserve 900,000 900,000 Debt Service Reserve 324,255 2,101,267 324,255 Projected Ending Funds Available 1,909,014 (1) Sales Tax revenue in the downtown area is under projections through the third quarter, resulting in lower than estimated tax increment revenue through September. Note that the actual nine month period reflected represents December 2017 August 2018. Schedule R

Fund: Philip S. Miller Trust Fund : Town Council LY Actual CY Budget CY Actual YTD Budget YTD Budget 2018 Actual Budget 2018 Budget* Budget Estimates 2018 Annual Budget Charges for Service 172,800 136,391 165,836 (29,445) 136,391 (36,409) Investment Earnings 911 619 1,245 464 781 1,668 1,049 Contributions & Donations 270,000 270,000 145,500 145,500 291,000 21,000 Transfers In 151,758 151,758 151,758 151,758 Total 270,911 270,911 595,177 595,177 434,894 434,894 463,558 (28,664) 580,817 (14,360) (1) Personnel 732 106,578 79,416 86,837 7,421 103,387 3,191 Services & Other 253,900 496,891 421,283 424,283 3,000 469,855 27,036 Supplies 12,820 6,855 10,787 3,932 7,454 5,366 Total 254,632 616,289 507,553 507,554 521,907 14,353 580,696 35,593 Net / 16,279 (21,112) (72,660) (58,349) (14,311) 121 21,233 Beginning Funds Available 221,073 237,352 237,352 237,352 237,352 Ending Funds Available 237,352 216,240 164,692 179,003 (51,548) 237,473 Less Reserves & Designations: 221,073 Committed for Fund Purpose 216,240 164,692 237,473 Projected Ending Funds Available 237,352 Schedule S (1) The 2018 YTD Budget includes estimated special event ticket sales. Staff will continue to monitor this fund throughout the year and will make necessary adjustments as needed. Note: The remaining balance from the Special Events Fund has been transferred to this fund in June 2018

Fund: Special Events Fund : Parks and Recreation LY Actual CY Budget CY Actual YTD Budget YTD Budget 2018 Actual Budget 2018 Budget* Budget Estimates Charges for Service 114,469 2018 Annual Budget Transfers In 73,503 Other Revenue 122 Total 188,094 188,094 (1) Personnel 90,069 Services & Other 208,077 Supplies 6,168 Transfers Out 1,758 1,758 1,758 1,758 Total 304,314 1,758 1,758 1,758 1,758 (1) Net / (116,220) (1,758) (1,758) (1,758) (1,758) Beginning Funds Available 117,978 1,758 1,758 1,758 1,758 Ending Funds Available 1,758 Less Reserves & Designations: 117,978 Committed for Fund Purpose Projected Ending Funds Available 1,758 Schedule T (1) Revenue and expenditures for Special Events have been moved to the Philip S. Miller Trust Fund beginning in 2018. The remaining fund balance was transferred to the Philip S. Miller Trust Fund in June 2018 and this fund will no longer be used.

Fund: Public Art Fund : Town Council LY Actual CY Budget CY Actual YTD Budget YTD Budget 2018 Actual Budget 2018 Budget* Budget Estimates Investment Earnings 710 374 908 281 627 1,212 2018 Annual Budget 838 Contributions & Donations 25,000 25,000 12,500 12,500 25,000 Other Revenue 3 Total 25,713 25,713 25,374 25,374 13,408 13,408 12,781 627 26,212 838 Services & Other 21,358 56,050 14,003 42,038 28,035 15,002 41,048 Supplies 324 162 (162) 162 (162) Total 21,683 21,682 56,050 14,165 42,038 27,873 15,164 40,886 Net / 4,031 (30,676) (757) (29,257) 28,500 11,048 41,724 Beginning Funds Available 61,157 65,188 65,188 65,188 65,188 Ending Funds Available 65,188 34,512 64,431 35,931 29,919 76,236 Less Reserves & Designations: 61,157 Committed for Fund Purpose 34,512 64,431 76,236 Projected Ending Funds Available 65,188 Schedule U

Fund: Municipal Facilities Capital Fund : Deputy Town Manager LY Actual CY Budget CY Actual YTD Budget YTD Budget 2018 Actual Budget 2018 Budget* Budget Estimates 2018 Annual Budget Investment Earnings 11,272 2,647 24,317 1,985 22,332 30,590 27,943 Impact Fees 429,674 499,724 376,660 401,278 (24,618) 525,324 25,600 Transfers In 2,612,925 1,189,111 1,189,111 1,189,111 1,189,111 Interfund Loan Revenue 26,809 26,808 2,781 2,781 26,808 Total 3,080,680 3,080,680 1,718,290 1,718,290 1,592,869 1,592,869 1,595,155 (2,286) 1,771,833 53,543 Services & Other 117,575 49,480 47,712 47,712 49,480 Capital 165,609 5,187,301 1,986,285 1,986,285 5,187,301 Interfund Loan 51,982 51,982 Transfers Out 489,089 Total 1,012,272 772,273 5,288,763 2,033,997 2,033,997 5,288,763 Net / 2,308,407 (3,570,473) (441,128) (438,842) (2,286) (3,516,930) 53,543 Beginning Funds Available 1,557,159 3,865,566 3,865,566 3,865,566 3,865,566 Ending Funds Available 3,865,566 295,093 3,424,438 3,426,724 3,129,345 348,636 Less Reserves & Designations: 1,557,159 Committed for Fund Purpose 295,093 3,424,438 348,636 Projected Ending Funds Available 3,865,566 Schedule V (1) Impact Fees are estimated under budget due to reduced multifamily permit projections

Fund: General Long Term Planning Fund : Deputy Town Manager LY Actual CY Budget CY Actual YTD Budget YTD Budget 2018 Actual Budget 2018 Budget* Budget Estimates Taxes 1,554,389 1,749,235 1,658,338 1,311,926 346,412 1,909,700 2018 Annual Budget 160,465 Use 1,554,389 1,749,235 1,658,338 1,311,926 346,412 1,909,700 160,465 Investment Earnings 18,345 9,801 9,917 7,351 2,566 15,274 5,473 Transfers In 308,700 308,700 Other Revenue 31 Total 1,572,765 1,572,766 2,067,736 2,067,736 1,668,255 1,668,255 1,319,277 348,978 2,233,674 165,938 Services & Other 209,173 957,885 500,455 500,455 870,484 87,401 Supplies 128,918 339,719 233,443 233,443 355,412 (15,693) Capital 198,129 160,000 165,813 165,813 164,250 (4,250) Transfers Out 1,641,455 410,889 410,889 410,889 410,889 Total 2,177,675 1,868,493 1,310,600 1,310,600 1,801,035 67,458 Net / (604,910) 199,243 357,655 8,677 348,978 432,639 233,396 Beginning Funds Available 1,598,425 993,515 993,515 993,515 993,515 Ending Funds Available 993,515 1,192,758 1,351,170 1,002,192 158,412 1,426,154 Less Reserves & Designations: 1,598,425 Committed for Fund Purpose 1,192,758 1,351,170 1,426,154 Projected Ending Funds Available 993,515 Schedule W

Fund: Employee Benefits Fund : Deputy Town Manager LY Actual CY Budget CY Actual YTD Budget YTD Budget 2018 Actual Budget 2018 Budget* Budget Estimates 2018 Annual Budget Charges for Service 5,736,585 7,116,504 4,768,099 5,337,378 (569,279) 6,231,499 (885,005) Investment Earnings 32,806 14,786 32,116 11,090 21,026 45,401 30,615 Contributions & Donations 1,335,818 1,465,865 1,227,536 1,099,399 128,137 1,604,669 138,804 Other Revenue 2,444 Total 7,107,653 7,107,654 8,597,155 8,597,155 6,027,751 6,027,751 6,447,867 (420,116) 7,881,569 (715,586) (1) Personnel 59,570 62,104 47,219 46,578 (641) 61,899 205 Services & Other 7,059,414 8,416,781 6,001,608 6,312,586 310,978 8,353,071 63,710 Supplies 630 2,000 1,234 1,500 266 1,235 765 Total 7,119,613 7,119,614 8,330,885 8,480,885 6,050,061 6,360,664 310,603 8,416,205 64,680 Net / (11,961) 116,270 (22,310) 87,203 (109,513) (534,636) (650,906) (2) Beginning Funds Available 2,592,611 2,580,650 2,580,650 2,580,650 2,580,650 Ending Funds Available 2,580,650 2,696,920 2,558,340 2,667,853 (138,580) 2,046,014 Less Reserves & Designations: 2,592,611 Claims Reserve 1,482,862 1,438,226 1,520,362 Health Care Cost Reserve 274,292 801,150 262,826 Projected Ending Funds Available 2,580,650 939,766 318,964 262,826 Schedule X (1) Revenue is estimated under budget due to various position vacancies townwide and reflects actual increases in healthcare premiums (2) are estimated at the maximum of claim activity. A budget amendment, which was approved by Council on its first reading October 16th, includes an increase of budget for claims activity that is trending high

Townwide Summary 1 2 3 4 5 6 7 Schedule Y LY Actual CY Budget CY Actual YTD Budget YTD ActYE Estimate Ann Est to B 2018 2018 Annual Actual Budget 2018 Budget Budget Estimates Budget Taxes 63,658,037 67,988,668 51,247,864 49,160,473 1,692,922 67,940,257 (48,411) Property 1,175,601 1,368,703 1,327,710 576,066 751,644 1,354,973 (13,730) Use 7,694,140 7,710,923 7,858,940 5,783,192 2,075,748 9,003,623 1,292,700 Sales 47,732,089 51,054,216 37,168,141 36,910,095 258,046 49,834,434 (1,219,782) Motor Vehicle 6,707,543 7,503,441 4,640,781 5,627,581 (986,800) 7,378,969 (124,472) Other 348,664 351,385 252,292 263,539 (11,247) 368,258 16,873 Franchise Fees 2,323,993 2,442,480 1,785,076 1,831,860 (46,784) 2,465,099 22,619 Licenses & Permits 4,525,581 5,374,958 4,123,458 4,305,477 (182,019) 5,439,435 64,477 Intergovernmental 7,930,064 8,253,877 4,944,999 4,544,737 400,262 7,387,826 (866,051) Charges for Service 55,302,296 58,912,725 45,556,741 45,259,001 297,740 59,684,574 771,849 Management Fees 3,274,465 3,519,368 2,639,526 2,639,526 3,519,368 Fines & Forfeitures 827,981 924,556 658,107 693,418 (35,311) 823,073 (101,483) Investment Earnings 1,766,459 1,129,028 1,462,497 846,680 615,817 1,937,475 808,447 Impact Fees 7,989,231 12,648,190 10,185,207 10,156,496 28,711 13,904,674 1,256,484 System Development Fees 21,084,458 23,064,671 20,924,272 18,520,931 2,403,341 27,776,217 4,711,546 Contributions & Donations 2,162,487 4,337,523 1,474,887 1,345,250 129,637 3,326,337 (1,011,186) Transfers In 10,806,600 6,380,934 3,954,690 3,350,691 603,999 7,030,212 649,278 Interfund Loan Revenue 3,677,762 2,635,072 82,669 314,453 (231,784) 2,190,182 (444,890) Debt & Financing Revenue 1,712,249 1,041,000 1,041,000 1,561,500 1,561,500 Other Revenue 1,125,940 1,050,801 661,892 706,894 (45,002) 1,497,131 446,330 Total 188,167,603 198,662,851 150,742,885 143,675,887 6,672,529 206,483,360 7,820,509

Townwide Summary 1 2 3 4 5 6 7 Schedule Y LY Actual CY Budget CY Actual YTD Budget YTD ActYE Estimate Ann Est to B 2018 2018 Annual Actual Budget 2018 Budget Budget Estimates Budget Personnel 51,715,417 59,059,223 43,182,256 45,468,210 2,285,957 57,404,215 1,655,008 Services & Other 45,838,177 62,307,685 36,643,026 46,229,259 9,606,193 53,678,124 8,629,561 Supplies 7,243,966 8,078,422 5,523,500 6,124,692 653,692 7,798,841 279,581 Capital 89,930,753 140,262,560 36,628,508 80,957,559 44,329,051 79,436,627 60,825,933 Debt & Financing 9,311,357 9,689,705 3,403,910 3,403,910 9,047,338 642,367 Interfund Loan 3,677,761 2,635,072 82,669 370,868 288,199 2,220,975 414,097 Transfers Out 13,430,684 10,076,699 6,222,714 6,333,846 111,132 10,056,295 20,404 Total 221,148,115 292,109,366 131,686,583 188,888,343 57,201,760 219,642,415 72,466,951 Net / (32,980,512) (93,446,515) 19,056,302 (45,212,456) 64,268,758 (13,159,055) 80,287,460 Beginning Funds Available 208,521,769 175,541,257 175,541,257 175,541,257 175,541,257 Ending Funds Available 175,541,257 82,094,742 194,597,559 130,328,801 112,502,817 162,382,202 Less Reserves & Designations: #N/A Contractual Reserve 300,000 300,000 Revenue Stabilization Reserve 4,910,290 5,900,994 Catastrophic Events Reserve 16,948,987 16,948,987 Capital Reserve 20,012,416 82,948,433 Opportunity/Economic Development Reserve 1,210,000 1,210,000 TABOR Reserve 1,981,611 1,981,611 Committed for Fund Purpose 6,431,753 17,954,724 Operating Designation 4,691,349 4,691,349 Rate Stabilization Reserve 1,590,000 1,590,000 Debt Service Reserve 825,070 825,070 Claims Reserve 1,482,862 1,520,362 Health Care Cost Reserve 274,292 262,826 Total Reserves & Designations 60,658,630 136,134,356 Projected Ending Funds Available 175,541,257 21,436,112 26,247,846

YearlySalesTaxRevenue 2013 2014 2015 2016 2017 2018 PriorYearCollections* 247,762 119,928 231,220 166,999 175,216 75,460 Jan 2,257,836 2,336,654 2,529,828 2,708,833 2,939,153 3,303,954 Feb 2,064,347 2,246,138 2,356,187 2,628,882 2,942,236 3,044,888 Mar 2,649,418 3,033,526 3,249,291 3,274,629 3,856,165 4,092,323 Apr 2,320,815 2,595,907 2,697,616 2,991,981 3,559,192 3,488,927 May 2,707,992 2,843,580 3,089,557 3,235,763 3,703,943 4,042,545 Jun 2,997,737 3,295,338 3,607,345 3,836,672 4,304,723 4,464,989 Jul 2,722,544 2,905,715 3,307,172 3,547,768 3,899,703 4,068,563 Aug 2,809,796 3,041,373 3,336,810 3,551,913 3,898,049 4,178,111 Sep 2,936,950 3,215,915 3,513,438 3,946,825 4,190,106 Oct 2,685,614 2,757,974 2,999,064 3,528,073 3,513,275 Nov 2,772,558 2,951,578 3,055,060 3,479,493 3,877,471 Dec 4,002,002 4,113,480 4,367,857 4,855,770 5,426,023 Totals 33,175,372 35,457,107 38,340,444 41,753,601 46,285,255 30,684,300 YeartoYearChange 6.9% 8.1% 8.9% 10.9% 5.4% Footnote: *PriorYearCollectionslineitemincludespaymentsreceivedincurrentyearapplicabletoprioryearsalestaxreturns.As prioryearaccounting recordshavebeenclosedandthe"previousperiod"amountisnotdeemedmaterialtothepreviousyearytdtotal,therevenuewillberecorded indecemberofthecurrentyear.prioryearmonthlyandannualtotalswillnotchangeduetoareceiptofalatepayment.

ThreeYearSalesTaxRevenueComparison 2016 2017 20162017% Change 2018 20172018% Change PreviousPeriod* 166,999 175,216 NA 75,460 NA Jan 2,708,833 2,939,153 8.5% 3,303,954 12.4% Feb 2,628,882 2,942,236 11.9% 3,044,888 3.5% Mar 3,274,629 3,856,165 17.8% 4,092,323 6.1% Apr 2,991,981 3,559,192 19.0% 3,488,927 2.0% May 3,235,763 3,703,943 14.5% 4,042,545 9.1% Jun 3,836,672 4,304,723 12.2% 4,464,989 3.7% Jul 3,547,768 3,899,703 9.9% 4,068,563 4.3% Aug 3,551,913 3,898,049 9.7% 4,178,111 7.2% Sep 3,946,825 4,190,106 6.2% Oct 3,528,073 3,513,275 0.4% Nov 3,479,493 3,877,471 11.4% Dec 4,855,770 5,426,023 11.7% Totals 41,753,601 46,285,255 10.9% 30,684,300

MonthlySalesTaxComparisons August2017 August2018 %ChangeMonth 3,898,049 4,178,111 7.2% YTD2017* YTD2018* %ChangeYTD 29,103,164 30,684,300 5.4% MonthlySalesTaxComparisonsByGeographicalArea August2017 August2018 %ChangeMonth %TotalMonth Milestone/Metzler 876,900 904,279 3.1% 21.6% OutletMall 785,259 769,178 2.0% 18.4% Promenade 493,207 619,810 25.7% 14.8% OutofTown 318,043 379,872 19.4% 9.1% Downtown 418,993 425,751 1.6% 10.2% OutofState 287,096 290,306 1.1% 6.9% AreaAroundOutletMall 131,532 132,875 1.0% 3.2% Wolfensberger 144,218 138,728 3.8% 3.3% FoundersMarketPlace 127,400 122,304 4.0% 2.9% Justice 120,358 116,523 3.2% 2.8% PlumCreek 84,559 106,050 25.4% 2.5% Misc/Other 63,985 74,878 17.0% 1.8% Meadows 31,225 31,019 0.7% 0.7% AuditRevenue 15,274 66,538 335.6% 1.6% YTD2017* YTD2018* %ChangeYTD %TotalYTD Milestone/Metzler 7,538,578 7,063,440 6.3% 23.0% OutletMall 4,901,636 5,130,256 4.7% 16.7% Promenade 2,834,650 4,371,568 54.2% 14.2% OutofTown 2,870,122 2,997,244 4.4% 9.8% Downtown 2,696,563 2,731,544 1.3% 8.9% OutofState 2,484,697 2,574,033 3.6% 8.4% AreaAroundOutletMall 1,101,406 1,179,947 7.1% 3.8% Wolfensberger 1,117,662 1,071,427 4.1% 3.5% FoundersMarketPlace 949,749 1,005,574 5.9% 3.3% Justice 817,010 818,382 0.2% 2.7% PlumCreek 758,898 755,081 0.5% 2.5% Misc/Other 370,972 540,015 45.6% 1.8% Meadows 267,192 282,963 5.9% 0.9% AuditRevenue 394,029 162,826 58.7% 0.5% *YTDbreakoutdoesnotincludeprioryearcollections

MonthlySalesTaxComparisons August2017 August2018 %ChangeMonth 3,898,049 4,178,111 7.2% YTD2017* YTD2018* %ChangeYTD 29,103,164 30,684,300 5.4% MonthlySalesTaxComparisonsByIndustry August2017 August2018 %ChangeMonth %TotalMonth FoodandGeneralMerchandise 1,158,713 1,235,819 6.7% 29.6% ApparelandAccessories 780,330 804,462 3.1% 19.3% Restaurants&Bars 470,461 499,647 6.2% 12.0% MiscRetail 336,331 343,677 2.2% 8.2% HomeandGarden 252,306 263,932 4.6% 6.3% Utilities 164,466 184,882 12.4% 4.4% AutoandAutoItems 170,780 192,616 12.8% 4.6% Communication 101,838 110,969 9.0% 2.7% FurnitureandHomeDécor 99,624 110,778 11.2% 2.7% LeasingandRentals 59,362 71,891 21.1% 1.7% Services 64,449 65,655 1.9% 1.6% AgriculturalandConstruction 71,463 78,418 9.7% 1.9% WholesaleandManufacturing 62,657 56,202 10.3% 1.3% RanchSupply/PetNeeds 37,090 38,562 4.0% 0.9% Hotel 52,905 54,063 2.2% 1.3% AuditRevenue 15,274 66,538 335.6% 1.6% YTD2017* YTD2018* %ChangeYTD %TotalYTD FoodandGeneralMerchandise 8,031,761 8,873,029 10.5% 28.9% ApparelandAccessories 4,920,938 5,292,988 7.6% 17.2% Restaurants&Bars 3,452,067 3,747,082 8.5% 12.2% MiscRetail 2,600,101 2,651,538 2.0% 8.6% HomeandGarden 2,239,617 2,366,703 5.7% 7.7% Utilities 1,427,098 1,519,945 6.5% 5.0% AutoandAutoItems 1,400,297 1,401,359 0.1% 4.6% Communication 885,596 908,413 2.6% 3.0% FurnitureandHomeDécor 872,018 869,977 0.2% 2.8% LeasingandRentals 534,685 637,871 19.3% 2.1% Services 606,538 566,570 6.6% 1.8% AgriculturalandConstruction 529,109 557,898 5.4% 1.8% WholesaleandManufacturing 571,856 490,861 14.2% 1.6% RanchSupply/PetNeeds 317,297 323,681 2.0% 1.1% Hotel 320,157 313,559 2.1% 1.0% AuditRevenue 394,029 162,826 58.7% 0.5% *YTDbreakoutdoesnotincludeprioryearcollections

Period Ending September 30, 2018 Attachment C Investment Summary Conservative financial management is a core priority of the Town. Successful management of the Town s cash balances and investments is important in order to support long range planning, as shown in the amended 2018 Budget and the 2018 2022 Five Year Capital Improvement Plan. The following includes information about the Town s cash and investment balances by Town fund. Please note that the following information may vary from the fund balance information in Attachment A on timing differences between budget and cash investment reporting. These balances may include internal and external reservations of funds, and the accumulation of funding for future project needs. Additionally, the value of units in an investment portfolio can fluctuate and past performance is not necessarily indicative of future results. Net investment earnings through the third quarter are about 1.8 million, including about 56 thousand in corresponding professional service costs. The Town maintains a conservative investment policy. The principal objectives include: Preservation and protection of capital Maintenance of sufficient liquidity Diversification to avoid unreasonable risk Attainment of adequate market rate of return Conformance with all stated regulations Investments held to maturity As of 9/30/2018, the Town's Cash and Investment Balances by Fund are: Governmental Activities General Fund 18,659,136 Economic Development Fund 6,187,911 Transportation Fund 13,682,610 Capital Funds: Transportation Capital Fund 12,176,287 Parks Capital Fund 4,349,993 Fire Capital Fund 1,895,903 Facilities Capital Fund 3,504,945 Police Capital Fund 487,208 Other Governmental Funds: General Long Term Planning Fund 1,351,170 DDA TIF Fund 1,451,151 Conservation Trust Fund 204,638 P.S. Miller Trust Fund 165,614 Public Art Fund 104,431 Special Events Fund Police Forfeiture Fund 21,601 Internal Service Funds: Employee Benefits Fund 3,491,162 Fleet Fund 1,591,230 Total Governmental Funds 69,324,991 Businesstype Activities Water Fund 21,683,604 Water Resources Fund 69,381,584 Stormwater Fund 9,138,449 Wastewater Fund 19,745,011 Golf Fund 2,323,425 Community Center Fund 1,239,941 Development Services Fund 3,832,176 Total Enterprise Funds 127,344,190 Total All Funds 196,669,181 Attachment C Investment Summary