IV. Third Quarter 2014 Financial and Investment Report
FINANCE DEPARTMENT
MEMORANDUM
Date: October 28, 2014
To: Mayor & City Council
From: Christine Harkess, Finance Director
Subject: Third Quarter 2014 Financial and Investment Report
Attached is the third quarter financial and investment report power point presentation. If you
have any questions in advance please contact me. A full presentation will be given at the council
meeting.
10/28/2014
General Fund -Overview
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10/28/2014
Grants Received 2Quarter
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Grants Received 2Quarter -cont
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10/28/2014
General Fund Revenues
% age of
Budget Actual Budget
Taxes8,952,774$ 6,757,669$ 75.48%
Intergovernmental813,410$ 463,720$ 57.01%
Licenses, Permits &
Fines564,395$ 524,201$ 92.88%
Charges for Services201,250$ 222,874$ 110.74%
Miscellaneous414,300$ 217,046$ 52.39%
Total Revenues10,946,129$ 8,185,510$ 74.78%
Total General Fund Expenditures
$8,000
2014
2013
$6,000
2012
2011
$4,000
$2,000
$0
SalariesMatl/SplsCapital
3Quarter –In Thousands
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10/28/2014
General Fund Expenditures
Other
Planning &
General
Comm Dev
Government
Recreation
Public Works
Public Safety
Community
Services
General Fund Expenditures
% age of
Budget ActualBudget
General Government1,319,927$ 950,596$ 72.02%
Community Services945,429$ 699,355$ 73.97%
Public Safety5,439,659$ 3,950,377$ 72.62%
Public Works2,384,144$ 1,682,930$ 70.59%
Recreation586,329$ 482,504$ 82.29%
Urban Development220,441$ 151,357$ 68.66%
Other50,200$ 111,855$ 222.82%
Total Expenditures10,946,129$ 8,028,974$ 73.35%
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10/28/2014
General Fund Expenditure Comparison
$10,000
$8,000
$6,000
$4,000
$2,000
$0
2014201320122011
3Quarter –In Thousands
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Special Revenue Funds Revenues
% age of
BudgetActual Budget
Chemical Assessment45,000$ 44,258$ 98.35%
Economic Development287,480$ 376,333$ 130.91%
Parking96,000$ 91,535$ 95.35%
Communications236,500$ 193,141$ 81.67%
Depot Coffee House354,650$ 267,940$ 75.55%
Art Center777,376$ 457,321$ 58.83%
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10/28/2014
Special Revenue Funds Expenditures
% age of
BudgetActual Budget
Chemical Assessment45,000$ 53,148$ 118.11%
Economic Development280,488$ 192,641$ 68.68%
Parking95,869$ 68,989$ 71.96%
Communications208,954$ 119,278$ 57.08%
Depot Coffee House354,456$ 269,364$ 75.99%
Art Center744,428$ 553,156$ 74.31%
Special Revenue Funds Financial Position
Change
In FundCash
RevenuesExpensesBalanceBalance
Chemical Assessment44,258$ 53,148$ (8,890)$ (5,963)$
Economic Development376,333$ 192,641$ 183,692$ 2,386,739$
Parking91,535$ 68,989$ 22,546$ 151,548$
Communications193,141$ 119,278$ 73,863$ 434,912$
Depot Coffee House267,940$ 269,364$ (1,424)$ (10,603)$
Art Center457,321$ 553,156$ (95,835)$ (883,872)$
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10/28/2014
Enterprise Funds Revenues
% age of
BudgetActual Budget
Water1,605,484$ 1,153,085$ 71.82%
Sewer2,104,150$ 1,623,147$ 77.14%
Refuse947,200$ 702,544$ 74.17%
Storm Sewer803,000$ 611,944$ 76.21%
Pavilion372,600$ 219,086$ 58.80%
Enterprise Funds Expenditures
% age of
BudgetActual Budget
Water1,615,651$ 1,056,754$ 65.41%
Sewer2,313,265$ 1,479,696$ 63.97%
Refuse872,206$ 571,215$ 65.49%
Storm Sewer479,638$ 724,145$ 150.98%
Pavilion438,462$ 324,023$ 73.90%
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10/28/2014
Enterprise Funds Financial Position
Net
IncomeCash
RevenuesExpenses(Loss)Balance
Water1,153,085$ 1,056,754$ 96,331$ 485,332$
Sewer1,623,147$ 1,479,696$ 143,451$ 271,741$
Refuse702,544$ 571,215$ 131,329$ 945,313$
Storm Sewer611,944$ 724,145$ (112,201)$ 614,936$
Pavilion219,086$ 324,023$ (104,937)$ (65,645)$
Cash & Investments
September 30, 2014
Bank Sweep Account3,527,286$
Certificates of Deposit6,862,000
Government Securities9,345,069
Total19,734,355$
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10/28/2014
Cash & Investments
Breakdown by Fund Ownership
General Fund$3,226,450
Special Revenue Funds3,877,851
Debt Service Funds2,373,392
Capital Funds6,125,689
Internal Service Funds1,879,296
Enterprise Funds2,251,677
Total$19,734,355
Interest Earnings
$160,000
$120,000
$80,000
$40,000
$0
2014201320122011
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10/28/2014
Financial Management Plan
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Looking Ahead
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