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III.2. Second Quarter 2015 Financial and Investment Report; Harkess
FINANCE DEPARTMENT MEMORANDUM Date: July 21, 2015 To: Mayor & City Council From: Christine Harkess, Finance Director Subject: Second Quarter 2015 Financial and Investment Report Attached is the second 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. 7/17/2015 GeneralFundOverview • • • 1 7/17/2015 GrantsReceived2Quarter nd • • • • • • GeneralFundRevenues % age of Budget Actual Budget Taxes9,307,729$ 4,661,888$ 50.09% Intergovernmental843,112$ 94,601$ 11.22% Licenses, Permits & Fines569,975$ 346,429$ 60.78% Charges for Services209,300$ 117,237$ 56.01% Miscellaneous416,600$ 204,021$ 48.97% Total Revenues11,346,716$ 5,424,176$ 47.80% 2 7/17/2015 GeneralFundExpenditures % age of Budget ActualBudget General Government1,322,795$ 648,743$ 49.04% Community Services1,030,737$ 419,982$ 40.75% Public Safety5,497,877$ 2,541,631$ 46.23% Public Works2,503,936$ 1,060,041$ 42.33% Recreation589,560$ 342,705$ 58.13% Urban Development226,611$ 100,714$ 44.44% Other175,200$ 105,759$ 60.36% Total Expenditures11,346,716$ 5,219,574$ 46.00% TotalGeneralFundExpenditures $5,000 2015 2014 $4,000 2013 2012 $3,000 $2,000 $1,000 $0 SalariesMatl/SplsCapital 2 nd Quarter –In Thousands 3 7/17/2015 GeneralFundExpenditures Other Urban General Development Government Recreation Public Works Public Safety Community Services GeneralFundExpenditureComparison $7,500 $6,000 $4,500 $3,000 $1,500 $0 2015201420132012 2Quarter –In Thousands nd 4 7/17/2015 SpecialRevenueFundsRevenues % age of BudgetActual Budget Chemical Assessment45,000$ 112,135$ 249.19% Economic Developmen288,072$ 276,352$ 95.93% Parking96,500$ 119,533$ 123.87% Communications250,000$ 132,942$ 53.18% Depot Coffee House343,000$ 183,185$ 53.41% Art Center787,121$ 337,761$ 42.91% SpecialRevenueFundsExpenditures % age of BudgetActual Budget Chemical Assessment45,000$ 45,769$ 101.71% Economic Developmen240,828$ 158,178$ 65.68% Parking139,404$ 55,996$ 40.17% Communications244,264$ 58,907$ 24.12% Depot Coffee House333,359$ 166,239$ 49.87% Art Center999,277$ 411,028$ 41.13% 5 7/17/2015 SpecialRevenueFundsFinancialPosition Change In FundCash RevenuesExpensesBalanceBalance Chemical Assessment112,135$ 45,769$ 66,366$ (34,535)$ Economic Developmen276,352$ 158,178$ 118,174$ 2,638,927$ Parking119,533$ 55,996$ 63,538$ 192,822$ Communications132,942$ 58,907$ 74,035$ 508,885$ Depot Coffee House183,185$ 166,239$ 16,946$ (6,401)$ Art Center337,761$ 411,028$ (73,267)$ (943,596)$ EnterpriseFundsRevenues % age of BudgetActual Budget Water1,675,000$ 708,784$ 42.32% Sewer2,208,700$ 1,078,486$ 48.83% Refuse949,800$ 482,096$ 50.76% Storm Sewer$ 409,002803,000$ 50.93% Pavilion455,600$ 202,125$ 44.36% 6 7/17/2015 EnterpriseFundsExpenditures % age of BudgetActual Budget Water1,569,265$ 737,070$ 46.97% Sewer2,382,064$ 1,000,102$ 41.98% Refuse903,376$ 407,392$ 45.10% Storm Sewer$ 194,321490,738$ 39.60% Pavilion437,617$ 206,269$ 47.13% EnterpriseFundsFinancialPosition Net IncomeCash RevenuesExpenses(Loss)Balance Water708,784$ 737,070$ (28,286)$ 4,678$ Sewer1,078,486$ 1,000,102$ 78,384$ 33,771$ Refuse482,096$ 407,392$ 74,704$ 763,124$ Storm Sewe$ 194,321409,002$ 214,681$ 597,172$ r Pavilion202,125$ 206,269$ (4,144)$ (5,243)$ 7 7/17/2015 Cash&Investments June30,2015 Bank Sweep Account5,540,261$ Certificates of Deposit8,822,000 Government Securities7,944,156 Total22,306,418$ Cash&Investments BreakdownbyFund General Fund$4,161,484 Special Revenue Funds3,950,050 Debt Service Funds2,451,607 Capital Funds8,984,256 Internal Service Funds1,365,518 Enterprise Funds1,393,502 Total$22,306,418 8 7/17/2015 InterestEarnings $150,000 $120,000 $90,000 $60,000 $30,000 $0 2015201420132012 LookingAhead • • • • 9