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III.2. Third Quarter 2015 Financial and Investment Report; Harkess (Memo)
FINANCE DEPARTMENT MEMORANDUM Date: October 20, 2014 To: Mayor & City Council From: Christine Harkess, Finance Director Subject: Third Quarter 2015 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. 10/15/2015 GeneralFundOverview • • • 1 10/15/2015 GrantsReceived3Quarter rd • • • • • • • • GeneralFundRevenues % age of Budget Actual Budget Taxes9,307,729$ 6,952,619$ 74.70% Intergovernmental843,112$ 459,524$ 54.50% Licenses, Permits & Fines569,975$ 506,768$ 88.91% Charges for Services209,300$ 201,114$ 96.09% Miscellaneous416,600$ 300,486$ 72.13% Total Revenues11,346,716$ 8,420,511$ 74.21% 2 10/15/2015 GeneralFundExpenditures % age of Budget ActualBudget General Government1,378,084$ 1,090,146$ 79.11% Community Services985,889$ 685,161$ 69.50% Public Safety5,518,165$ 3,993,651$ 72.37% Public Works2,517,880$ 1,823,074$ 72.41% Recreation591,498$ 496,187$ 83.89% Urban Development228,409$ 160,056$ 70.07% Other126,791$ 30,176$ 23.80% Total Expenditures11,346,716$ 8,278,451$ 72.96% TotalGeneralFundExpenditures $8,000 2015 2014 $6,000 2013 2012 $4,000 $2,000 $0 SalariesMatl/SplsCapital 3 rd Quarter –In Thousands 3 10/15/2015 GeneralFundExpenditures Other Urban Development General Government Recreation Public Works Public Safety Community Services GeneralFundExpenditureComparison $10,000 $8,000 $6,000 $4,000 $2,000 $0 2015201420132012 3Quarter –In Thousands rd 4 10/15/2015 SpecialRevenueFundsRevenues % age of BudetActual Budet gg Chemical Assessment45,000$ 53,214$ 118.25% Economic Development288,072$ 366,090$ 127.08% Parking96,500$ 129,899$ 134.61% Communications250,000$ 202,397$ 80.96% Depot Coffee House343,000$ 292,613$ 85.31% Art Center787,121$ 563,502$ 71.59% SpecialRevenueFundsExpenditures % age of BudgetActual Budget Chemical Assessment45,000$ 77,564$ 172.36% Economic Development240,828$ 282,727$ 117.40% Parking139,404$ 77,464$ 55.57% Communications244,264$ 178,525$ 73.09% Depot Coffee House333,359$ 267,611$ 80.28% Art Center999,277$ 590,270$ 59.07% 5 10/15/2015 SpecialRevenueFundsFinancialPosition Change In FundCash RevenuesExpensesBalanceBalance Chemical Assessment53,214$ 77,564$ (24,350)$ (27,311)$ Economic Development366,090$ 282,727$ 83,363$ 2,613,832$ Parking129,899$ 77,464$ 52,435$ 181,785$ Communications202,397$ 178,525$ 23,872$ 458,905$ Depot Coffee House292,613$ 267,611$ 25,002$ 1,542$ Art Center563,502$ 590,270$ (26,768)$ (896,489)$ EnterpriseFundsRevenues % age of BudgetActual Budget Water1,675,400$ 1,642,518$ 98.04% Sewer2,208,700$ 1,938,165$ 87.75% Refuse949,800$ 718,311$ 75.63% Storm Sewer803,000$ 1,217,510$ 151.62% Pavilion390,600$ 283,896$ 72.68% 6 10/15/2015 EnterpriseFundsExpenditures % age of BudgetActual Budget Water1,569,265$ 1,311,167$ 83.55% Sewer2,382,064$ 1,499,644$ 62.96% Refuse903,376$ 640,706$ 70.92% Storm Sewer490,738$ 318,573$ 64.92% Pavilion437,617$ 309,158$ 70.65% EnterpriseFundsFinancialPosition Net IncomeCash RevenuesExpenses(Loss)Balance Water1,642,518$ 1,311,167$ 331,351$ 262,294$ Sewer1,938,165$ 1,499,644$ 438,521$ 476,501$ Refuse718,311$ 640,706$ 77,605$ 813,743$ Storm Sewer1,217,510$ 318,573$ 898,937$ 611,703$ Pavilion283,896$ 309,158$ (25,262)$ (5,077)$ 7 10/15/2015 Cash&Investments September30,2015 Bank Sweep Account3,669,636$ Certificates of Deposit9,312,000 Government Securities6,952,010 Total19,933,647$ Cash&Investments BreakdownbyFund General Fund$3,374,038 Special Revenue Funds4,724,349 Debt Service Funds2,807,627 Capital Funds5,502,877 Internal Service Funds1,365,594 Enterprise Funds2,159,163 Total$19,933,647 8 10/15/2015 InterestEarnings $200,000 $150,000 $100,000 $50,000 $0 2015201420132012 LookingAhead • • • • • 9