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2016 Budget - Special Revenue and Enterprise Funds; HarkessCITY OF HOPKINS FINANCE DEPARTMENT MEMORANDUM Date: November 10, 2015 To: Mayor & City Council From: Christine Harkess, Finance Director Subject: 2016 Budget – Special Revenue and Enterprise Funds Continuing with the 2016 Budget process we will look at the Special Revenue and Enterprise th Funds. At the November 10 work session we will go through each special revenue fund, some with more detail than others and discuss the status of those funds. We will also review each of the Enterprise funds and discuss the proposed rate increases. Attached: 1.Power point on Special Revenue & Enterprise Funds 11/5/2015 2016 Special Revenue & Enterprise Fund Budgets ChemicalAssessment 20152016%age BudgetBudgetIncr (Decr) Revenues$45,000$60,00033.33% $45,000$60,00033.33% Expenditures Revenues over (under) Expenditures$0$0- 1 11/5/2015 EconomicDevelopment 20152016%age BudgetBudgetIncr (Decr) Revenues$288,072$356,11323.62% Expenditures$242,083$176,600-27.05% Revenues over (under) Expenditures$45,989$179,513-290.34% Parking 20152016%age BudgetBudgetIncr (Decr) Revenues$96,500$138,00043.01% Expenditures$139,404$359,600157.96% Revenues over (under) ($42,904)($221,600)-416.50% Expenditures 2 11/5/2015 Communications 20152016%age BudgetBudgetIncr (Decr) Revenues$250,000$257,0002.80% $244,483$223,773-8.47% Expenditures Revenues over (under) $5,517$33,227502.27% Expenditures DepotCoffeeHouse 20152016%age BudgetBudgetIncr (Decr) Revenues$343,000$344,1000.32% Expenditures$335,111$338,1420.90% Revenues over (under) Expenditures$7,889$5,958-24.48% 3 11/5/2015 DepotCoffeeHouseȟ¢®³ȁ Youth Project20152016%age BudgetBudgetIncr (Decr) $123,000$119,000-3.25% Revenues $115,925$119,6623.22% Expenditures Revenues over (under) $7,075($662)-109.36% Expenditures DepotCoffeeHouseȟ¢®³ȁ Coffee Operations20152016%age BudgetBudgetIncr (Decr) Revenues$220,000$225,1002.32% Expenditures$219,186$218,480-0.32% Revenues over (under) Expenditures$814$6,620713.27% 4 11/5/2015 DepotCoffeeHouseȟ¢®³ȁ ArtsCenter 20152016%age BudgetBudgetIncr (Decr) Revenues$787,121$787,1080.00% Expenditures$1,002,087$903,667-9.82% Revenues over (under) Expenditures($214,966)($116,559)-45.78% 5 11/5/2015 TaxIncrementFunds RevenuesCash over (under)Balance ExpendituresExpenditures11/4/2015 Revenues TIF 1-2 Entertainment$58,100$13,236$44,864$156,192 TIF 2-6 Handicapped Hsg$42,352$7,568$34,784$3,516 TIF 2-9 Oaks of Mainstreet$121,200$3,200$118,000$512,348 TIF 2-11 Super Valu$2,415,000$1,605,258$809,742$2,022,932 5th Avenue Flats$0$2,000($2,000)($387,064) TIF 1-4 Marketplace & Mai$122,100$120,950$1,150($13,167) n WaterFund 20152016%age BudgetBudgetIncr (Decr) $1,675,400$1,553,500-7.28% Revenues $1,571,543$1,693,2617.75% Expenditures Revenues over (under) $103,857($139,761)234.57% Expenditures 6 11/5/2015 WaterProjects SanitarySewerFund 20152016%age BudgetIncr (Decr) Budget Revenues$2,208,700$2,277,2003.10% Expenditures$2,384,621$2,607,9449.37% Revenues over (under) Expenditures($175,921)($330,744)-88.01% 7 11/5/2015 SanitarySewerProjects StormSewerFund 20152016%age BudgetBudgetIncr (Decr) $803,000$804,0000.12% Revenues Expenditures$491,192$504,4962.71% Revenues over (under) $311,808$299,504-3.95% Expenditures 8 11/5/2015 StormSewerProjects RefuseFund 20152016%age BudgetBudgetIncr (Decr) $949,800$981,1673.30% Revenues $905,670$940,9733.90% Expenditures Revenues over (under) $44,130$40,1948.92% Expenditures 9 11/5/2015 RefuseFundȟ¢®³ȁ PavilionFund 20152016%age BudgetBudgetncr (Decr) I Revenues $455,600$452,100-0.77% Expenditures $438,666$454,4773.60% Revenues over (under) Expenditures $16,934($2,377)114.04% 10 11/5/2015 PavilionFundȟ¢®³ȁ 11