III.2. First Quarter 2015 Financial and Investment Report; HarkessFINANCE DEPARTMENT
MEMORANDUM
Date: April 14, 2015
To: Mayor & City Council
From: Christine Harkess, Finance Director
Subject: First Quarter 2015 Financial and Investment Report
Attached is the first 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.
04/16/2015
2015 1Quarter
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Financial & Investment Report
General Fund -Overview
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04/16/2015
Grants Received 1Quarter
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General Fund Revenues
% age of
Budget Actual Budget
Taxes9,307,729$ 2,306,382$ 24.78%
Intergovernmental843,112$ 87,555$ 10.38%
Licenses, Permits &
Fines569,975$ 138,364$ 24.28%
Charges for Services209,300$ 62,582$ 29.90%
Miscellaneous416,600$ 94,336$ 22.64%
Total Revenues11,346,716$ 2,689,219$ 23.70%
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04/16/2015
General Fund Expenditures
% age of
Budget ActualBudget
General Government1,322,795$ 421,458$ 31.86%
Community Services1,030,737$ 210,589$ 20.43%
Public Safety5,497,877$ 1,185,176$ 21.56%
Public Works2,503,936$ 532,343$ 21.26%
Recreation589,560$ 86,134$ 14.61%
Urban Development226,611$ 50,758$ 22.40%
Other175,200$ 53,628$ 30.61%
Total Expenditures11,346,716$ 2,540,086$ 22.39%
Total General Fund Expenditures
$2,500
2015
2014
$2,000
2013
2012
$1,500
$1,000
$500
$0
SalariesMatl/SplsCapital
1Quarter –In Thousands
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04/16/2015
General Fund Expenditures
Other
Urban
Development
General
Recreation
Government
Public Works
Community
Public Safety
Services
General Fund Expenditure Comparison
$3,000
$2,500
$2,000
$1,500
$1,000
$500
$0
2015201420132012
1Quarter –In Thousands
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04/16/2015
Special Revenue Funds Revenues
% age of
BudgetActual Budget
Chemical Assessment45,000$ -$ 0.00%
Economic Development288,072$ 83,014$ 28.82%
Parking96,500$ 104,072$ 107.85%
Communications250,000$ 57,662$ 23.06%
Depot Coffee House343,000$ 57,248$ 16.69%
Art Center787,121$ 106,108$ 13.48%
Special Revenue Funds Expenditures
% age of
BudgetActual Budget
Chemical Assessment45,000$ 9,869$ 21.93%
Economic Development240,828$ 44,678$ 18.55%
Parking139,404$ 12,041$ 8.64%
Communications244,264$ 24,132$ 9.88%
Depot Coffee House333,359$ 74,859$ 22.46%
Art Center999,277$ 183,338$ 18.35%
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04/16/2015
Special Revenue Funds Financial Position
Change
In FundCash
RevenuesExpensesBalanceBalance
Chemical Assessment-$ 9,869$ (9,869)$ (14,527)$
Economic Development83,014$ 44,678$ 38,336$ 2,488,108$
Parking104,072$ 12,041$ 92,031$ 221,181$
Communications57,662$ 24,132$ 33,530$ 465,838$
Depot Coffee House57,248$ 74,859$ (17,611)$ (41,771)$
Art Center106,108$ 183,338$ (77,230)$ (949,204)$
Enterprise Funds Revenues
% age of
Actual Budget
Budget
Water1,675,000$ 337,800$ 20.17%
Sewer2,208,700$ 579,682$ 26.25%
Refuse949,800$ 231,770$ 24.40%
Storm Sewer803,000$ 208,042$ 25.91%
Pavilion455,600$ 119,815$ 26.30%
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04/16/2015
Enterprise Funds Expenditures
% age of
BudgetActual Budget
Water1,569,265$ 323,224$ 20.60%
Sewer2,382,064$ 492,886$ 20.69%
Refuse903,376$ 193,117$ 21.38%
Storm Sewer490,738$ 108,569$ 22.12%
Pavilion437,617$ 105,427$ 24.09%
Enterprise Funds Financial Position
Net
IncomeCash
RevenuesExpenses(Loss)Balance
Water337,800$ 323,224$ 14,576$ (101,189)$
Sewer579,682$ 492,886$ 86,796$ 25,410$
Refuse231,770$ 193,117$ 38,653$ 982,603$
Storm Sewer208,042$ 108,569$ 99,473$ 418,445$
Pavilion119,815$ 105,427$ 14,388$ 9,793$
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04/16/2015
Cash & Investments
March 31, 2015
Bank Sweep Account502,175$
Certificates of Deposit7,352,000
Government Securities10,091,581
Total17,945,756$
Cash & Investments
Breakdown by Fund
General Fund$3,165,870
Special Revenue Funds3,914,941
Debt Service Funds1,490,808
Capital Funds6,398,968
Internal Service Funds1,640,107
Enterprise Funds1,335,062
Total$17,945,756
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04/16/2015
Interest Earnings
$100,000
$75,000
$50,000
$25,000
$0
2015201420132012
Looking Ahead
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