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FY2019 1st Qtr Financial Summary Date: October 15, 2018 To: City Manager, City Council From: Jacklyn Fleagle, Budget & Compliance Officer Re: Quarterly Financial Summary for Period Ending September 30, 2018 Introduction Attached to this memorandum are the City’s quarterly financial reports as of September 30, 2018. The quarterly financial report includes combined summaries of all fund balances, revenues, and expenditures for fiscal year 2019 through the end of the first quarter, which is 25% of the way through the fiscal year. Below are some of the highlights from this quarter’s financial activity. Revenue Analysis This revenue analysis pertains to the revenue reports, Revenues by Fund and Revenues by Type, on pages 4-6. In these two reports, the actual revenues would ideally be near 25% of budget since we have completed one-fourth of the fiscal year; however, due to accruals back to the previous year, many of these percentages are below 25%. For the property tax supported funds, such as the General fund, Debt Service fund, and the Employee Benefits fund, their actual revenues are at 12.8%, 6.4%, and 7.0%, respectively. These funds have received a lower percentage of their revenue, because the City’s property tax receipts are due twice during the year, October and April, and the City will receive the majority of its property tax revenue at that time. This is not the same for the City’s enterprise funds. The City’s enterprise funds are primarily supported by service charges which cause their actual revenues to be closer to the 25% mark. For instance, on page 4, the Water fund is at 20.8%, the Wastewater fund is at 19.3%, and the Landfill is at 22.5%. These funds’ revenues may still be under the 25% benchmark due to the accrual of revenues back to last fiscal year. Other funds with budget anomalies worth noting: the CDBG fund has actual revenues at 12.8% due to the timing of receipt of federal monies; and the Risk Management fund has actual revenues at 96.4% due to the timing of the entries made for loss reserve payments to intra-city charges. In addition, on page 5, Construction Permits & Inspection Fees revenue and Building & Development revenues are at 56.7% and 59.7% due to the large amount of building projects in the City. Interest Revenue is at -45.8% due to the interest receivable accrual back to the prior fiscal year. Additionally, the Governmental Projects fund (page 4) has revenues at 0.0% due to the interest receivable accrual as well as the timing of the Bond Issuance that does not take place until the Spring. The combined total actual revenues for all budgetary funds through September are $23,443,637 or 13.6% of budget. Overall, the City’s revenues are not substantially different than projected, and the anomalies and budget variances can be explained. Expenditure Analysis This expenditure analysis pertains to the expenditure reports, Expenditures by Fund and Expenditures by Fund by Department on pages 7-9. The analysis of the City’s expenditures for fiscal year 2019 through September is similar to the analysis for the City’s revenues. We generally expect the actual expenditure levels to be around 25% of budget at this time of year. 1 Some of the funds have expenditure activity through the first quarter significantly above the 25% mark. The following funds have a significant expenditure variance above 25%:  Affordable Housing fund is at 50.0% due to payments made to the Housing Trust Fund of Johnson County.  Wastewater fund is at 60.1% due bond principal and interest payments paid in July.  Water fund is at 37.7% due to bond principal and interest payments paid in July.  Governmental Projects expenditures are at 12.0% and Enterprise Projects expenditures are at 7.9% because many of the capital projects are scheduled for construction next Spring.  Risk Management fund is at 34.5% due to workers comp claims and internal charges. Overall, the combined total actual expenditures for all budgetary funds through September are $50,529,429 or 21.5% of budget. Overall, the City’s expenditures through the first quarter have a few major anomalies; however, these can be explained and are not unusual. Conclusion Generally, there are no major concerns to report with the City’s fund balances at September 30. One fund is presented (on page 3) with negative fund balance, the Community Development Block Grant fund at -$32,547. This negative fund balances should reverse following the receipt of grant proceeds. The other fund balances appear healthy. Additional information is available from the Finance Department upon request. 2 Beginning Ending Restricted, Unassigned Fund Year-to-Date Transfers Year-to-Date Transfers Fund Committed, Fund Balance Revenues In Expenditures Out Balance Assigned Balance Budgetary Funds General Fund 10** General Fund 36,401,765$ 7,089,563$ 2,673,233$ 14,336,572$ 1,118,613$ 30,709,377$ 6,804,377$ 23,905,000$ Special Revenue Funds 2100 Community Dev Block Grant (25,935) 155,803 - 162,415 - (32,547) - (32,547) 2110 HOME 191,819 231,988 - 255,373 20,326 148,108 - 148,108 2200 Road Use Tax Fund 3,893,384 2,069,671 112,887 1,544,467 718,835 3,812,639 - 3,812,639 2300 Other Shared Revenue 3,968 1,177 - 1,897 - 3,247 - 3,247 2350 Metro Planning Org of J.C. 262,063 40,439 83,257 131,006 - 254,754 - 254,754 2400 Employee Benefits 2,847,078 900,908 - 475,893 2,736,061 536,032 - 536,032 2500 Affordable Housing Fund 1,208,851 (2,806) - 500,000 - 706,045 - 706,045 2510 Peninsula Apartments 166,019 16,210 - 12,451 - 169,778 - 169,778 26** Tax Increment Financing 1,525,592 158,400 47,782 - - 1,731,775 574,270 1,157,505 2820 SSMID-Downtown District - 13,085 - - - 13,085 - 13,085 Debt Service Fund 5*** Debt Service 8,135,315 804,055 - 3,865,142 - 5,074,228 1,521,512 3,552,716 Enterprise Funds 710* Parking 12,222,373 1,602,571 275,205 910,168 410,822 12,779,159 5,775,205 7,003,954 715* Mass Transit 6,159,101 832,144 894,533 1,495,141 - 6,390,637 741,842 5,648,795 720* Wastewater 20,759,108 2,441,239 732,559 7,980,345 1,215,842 14,736,719 4,257,693 10,479,026 730* Water 11,938,239 2,048,369 456,388 3,165,384 381,229 10,896,383 2,395,446 8,500,937 7400 Refuse Collection 1,281,369 696,298 538 838,979 - 1,139,227 - 1,139,227 750* Landfill 26,940,545 1,557,197 60,617 1,145,682 - 27,412,677 24,761,419 2,651,258 7600 Airport 216,770 91,376 25,000 115,549 - 217,597 100,000 117,597 7700 Storm Water 795,950 288,743 101 108,827 79,000 896,967 - 896,967 79** Housing Authority 7,017,559 2,346,873 20,326 3,129,792 11,987 6,242,978 3,146,548 3,096,431 Capital Project Funds Governmental Projects 43,106,598 (5,295) 1,040,821 8,957,369 - 35,184,755 - 35,184,755 Enterprise Projects 9,965,616 65,629 269,467 1,396,980 - 8,903,732 - 8,903,732 Total Budgetary Funds 195,013,146$ 23,443,637$ 6,692,714$ 50,529,429$ 6,692,714$ 167,927,354$ 50,078,312$ 117,849,043$ Non-Budgetary Funds Internal Service Funds 810* Equipment 13,604,405$ 1,625,093$ -$ 1,126,959$ -$ 14,102,540$ 12,877,782$ 1,224,758$ 8200 Risk Management 3,563,234 1,539,666 - 496,965 - 4,605,935 - 4,605,935 830* Information Technology 2,799,530 356,967 - 539,361 - 2,617,136 288,552 2,328,584 8400 Central Services 725,692 57,828 - 10,048 - 773,472 - 773,472 8500 Health Insurance Reserves 11,374,744 2,123,256 - 1,929,862 - 11,568,138 7,589,740 3,978,398 8600 Dental Insurance Reserves 190,915 101,609 - 88,640 - 203,885 - 203,885 Total Non-Budgetary Funds 32,258,521$ 5,804,419$ -$ 4,191,835$ -$ 33,871,105$ 20,756,073$ 13,115,032$ Total All Funds 227,271,667$ 29,248,056$ 6,692,714$ 54,721,264$ 6,692,714$ 201,798,460$ 70,834,385$ 130,964,074$ City of Iowa City Fund Summary Fiscal Year 2019 through September 30, 2018 33 2018 Actual 2019 Budget 2019 Revised 2019 Actual Variance Percent Budgetary Fund Revenues General Fund 10** General Fund 51,880,377$ 53,148,922$ 55,320,453$ 7,089,563$ (48,230,890)$ 12.8% Special Revenue Funds 2100 Community Dev Block Grant 658,178 906,507 1,218,413 155,803 (1,062,610) 12.8% 2110 HOME 666,926 534,166 1,012,382 231,988 (780,394) 22.9% 2200 Road Use Tax Fund 8,539,943 8,744,810 8,744,810 2,069,671 (6,675,139) 23.7% 2300 Other Shared Revenue 270,089 - 48,260 1,177 (47,083) 2.4% 2350 Metro Planning Org of Johnson Co 320,459 365,748 365,748 40,439 (325,309) 11.1% 2400 Employee Benefits 11,668,231 12,908,880 12,908,880 900,908 (12,007,972) 7.0% 2500 Affordable Housing Fund 415,749 - - (2,806) (2,806) 0.0% 2510 Peninsula Apartments 73,278 77,510 77,510 16,210 (61,300) 20.9% 26** Tax Increment Financing 2,473,728 2,631,772 2,631,772 158,400 (2,473,372) 6.0% 2820 SSMID-Downtown District 354,385 400,124 400,124 13,085 (387,039) 3.3% Debt Service Fund 5*** Debt Service 13,288,394 12,611,282 12,611,282 804,055 (11,807,227) 6.4% Enterprise Funds 710* Parking 8,486,558 6,003,966 6,003,966 1,602,571 (4,401,395) 26.7% 715* Mass Transit 8,276,309 4,524,070 4,524,070 832,144 (3,691,926) 18.4% 720* Wastewater 13,115,285 12,636,588 12,636,588 2,441,239 (10,195,349) 19.3% 730* Water 9,827,060 9,856,522 9,856,522 2,048,369 (7,808,153) 20.8% 7400 Refuse Collection 3,521,446 3,490,210 3,490,210 696,298 (2,793,912) 20.0% 750* Landfill 7,028,785 6,929,796 6,929,796 1,557,197 (5,372,599) 22.5% 7600 Airport 385,582 361,500 361,500 91,376 (270,124) 25.3% 7700 Storm Water 1,589,311 1,529,350 1,529,350 288,743 (1,240,607) 18.9% 79** Housing Authority 9,620,510 8,921,473 8,921,473 2,346,873 (6,574,600) 26.3% Capital Project Funds Governmental Projects 12,981,814 14,023,000 19,339,380 (5,295) (19,344,675) 0.0% Enterprise Projects 1,919,909 3,056,708 3,701,492 65,629 (3,635,863) 1.8% Total Budgetary Revenues 167,362,305$ 163,662,904$ 172,633,981$ 23,443,637$ (149,190,344)$ 13.6% Non-Budgetary Fund Revenues Internal Service Funds 810* Equipment 6,910,467$ 6,559,773$ 6,559,773$ 1,625,093$ (4,934,680)$ 24.8% 8200 Risk Management 1,707,274 1,596,490 1,596,490 1,539,666 (56,824) 96.4% 830* Information Technology 2,294,690 2,348,876 2,348,876 356,967 (1,991,909) 15.2% 8400 Central Services 228,890 213,912 213,912 57,828 (156,084) 27.0% 8500 Health Insurance Reserves 8,401,738 8,700,966 8,700,966 2,123,256 (6,577,710) 24.4% 8600 Dental Insurance Reserves 407,695 424,330 424,330 101,609 (322,721) 23.9% Total Non-Budgetary Revenues 19,950,754$ 19,844,347$ 19,844,347$ 5,804,419$ (14,039,928)$ 29.2% Total Revenues - All Funds 187,313,059$ 183,507,251$ 192,478,328$ 29,248,056$ (163,230,272)$ 15.2% City of Iowa City Revenues by Fund Fiscal Year 2019 through September 30, 2018 44 2018 Actual 2019 Budget 2019 Revised 2019 Actual Variance Percent Budgetary Fund Revenues Property Taxes 56,525,799$ 59,173,825$ 59,173,825$ 4,386,015$ (54,787,810)$ 7.4% Other City Taxes: TIF Revenues 2,459,216 2,621,772 2,621,772 158,832 (2,462,940) 6.1% Gas/Electric Excise Taxes 684,299 676,411 676,411 - (676,411) 0.0% Mobile Home Taxes 61,182 65,150 65,150 4,326 (60,824) 6.6% Hotel/Motel Taxes 1,045,696 1,251,720 1,251,720 - (1,251,720) 0.0% Utility Franchise Tax 976,060 939,400 939,400 2,154 (937,246) 0.2% Subtotal 5,226,452 5,554,453 5,554,453 165,313 (5,389,140) 3.0% Licenses, Permits, & Fees: General Use Permits 71,654 100,920 100,920 14,202 (86,719) 14.1% Food & Liquor Licenses 110,377 111,440 111,440 40,058 (71,382) 35.9% Professional License 7,605 12,020 12,020 1,510 (10,510) 12.6% Franchise Fees 662,448 512,750 512,750 6,901 (505,849) 1.3% Construction Permits & Insp Fees 1,850,539 1,777,650 1,777,650 1,007,219 (770,431) 56.7% Misc Lic & Permits 40,881 38,680 38,680 18,388 (20,292) 47.5% Subtotal 2,743,504 2,553,460 2,553,460 1,088,278 (1,465,182) 42.6% Intergovernmental: Fed Intergovernment Revenue 13,152,242 11,664,896 15,128,902 1,395,911 (13,732,991) 9.2% Property Tax Credits 1,554,683 1,727,320 1,727,320 - (1,727,320) 0.0% Road Use Tax 8,426,502 8,672,280 8,672,280 2,010,639 (6,661,641) 23.2% State 28E Agreements 2,003,939 1,724,430 1,724,430 - (1,724,430) 0.0% Operating Grants 73,825 82,690 82,690 - (82,690) 0.0% Disaster Assistance 110,085 - - - - 0.0% Other State Grants 5,483,837 3,094,020 5,160,636 1,425,016 (3,735,620) 27.6% Local 28E Agreements 1,151,557 5,182,453 5,182,453 475,639 (4,706,814) 9.2% Subtotal 31,956,672 32,148,089 37,678,711 5,307,205 (32,371,506) 14.1% Charges For Fees And Services: Building & Development 908,376 411,120 411,120 245,418 (165,702) 59.7% Police Services 127,496 56,530 56,530 31,310 (25,220) 55.4% Animal Care Services 10,775 11,540 11,540 2,660 (8,880) 23.1% Fire Services 7,632 10,370 10,370 900 (9,470) 8.7% Transit Fees 1,226,643 1,261,820 1,261,820 217,273 (1,044,547) 17.2% Culture & Recreation 774,778 790,848 790,848 182,073 (608,775) 23.0% Misc Charges For Services 69,449 79,217 79,217 19,811 (59,406) 25.0% Water Charges 9,475,186 9,743,172 9,743,172 2,088,154 (7,655,018) 21.4% Wastewater Charges 12,621,036 12,276,650 12,276,650 2,473,042 (9,803,608) 20.1% Refuse Charges 4,010,218 3,909,630 3,909,630 813,665 (3,095,965) 20.8% Landfill Charges 5,933,293 6,168,980 6,168,980 1,438,521 (4,730,459) 23.3% Storm Water Charges 1,551,384 1,522,290 1,522,290 295,790 (1,226,500) 19.4% Parking Charges 6,331,040 6,477,470 6,477,470 2,016,854 (4,460,616) 31.1% Subtotal 43,047,304 42,719,637 42,719,637 9,825,471 (32,894,166) 23.0% Miscellaneous: Code Enforcement 232,315 222,633 222,633 33,613 (189,020) 15.1% Parking Fines 475,356 578,720 578,720 116,376 (462,344) 20.1% Library Fines & Fees 143,285 154,420 154,420 33,343 (121,077) 21.6% Contributions & Donations 890,423 369,620 768,950 39,738 (729,212) 5.2% Printed Materials 42,374 41,900 41,900 13,270 (28,630) 31.7% Animal Adoption 12,955 12,020 12,020 7,575 (4,445) 63.0% Misc Merchandise 55,901 54,770 54,770 26,871 (27,899) 49.1% Intra-City Charges 3,962,198 4,277,635 4,277,635 1,075,720 (3,201,915) 25.1% Other Misc Revenue 908,993 933,261 1,195,261 147,545 (1,047,716) 12.3% Special Assessments 808 1,090 1,090 - (1,090) 0.0% Subtotal 6,724,608$ 6,646,069$ 7,307,399$ 1,494,052$ (5,813,347)$ 20.4% City of Iowa City Revenues by Type Fiscal Year 2019 through September 30, 2018 55 2018 Actual 2019 Budget 2019 Revised 2019 Actual Variance Percent City of Iowa City Revenues by Type Fiscal Year 2019 through September 30, 2018 Use Of Money And Property: Interest Revenues 2,879,005$ 1,071,871$ 1,071,872$ (490,767)$ (1,562,639)$ -45.8% Rents 1,385,468 1,367,800 1,367,800 370,319 (997,481) 27.1% Royalties & Commissions 108,843 136,080 136,080 29,175 (106,905) 21.4% Subtotal 4,373,315 2,575,751 2,575,752 (91,272) (2,667,024) -3.5% Other Financial Sources: Debt Sales 12,174,462 10,623,000 10,623,000 - (10,623,000) 0.0% Sale Of Assets 3,633,506 703,393 3,107,518 787,926 (2,319,592) 25.4% Loans 956,682 965,226 1,340,226 480,651 (859,575) 35.9% Subtotal 16,764,651 12,291,619 15,070,744 1,268,577 (13,802,167) 8.4% Total Budgetary Revenues 167,362,305$ 163,662,903$ 172,633,981$ 23,443,637$ (149,190,344) 13.6% Non-Budgetary Fund Revenues Internal Service Funds 19,950,754$ 19,844,347$ 19,844,347$ 5,804,419$ (14,039,928)$ 29.2% Total Non-Budgetary Revenues 19,950,754$ 19,844,347$ 19,844,347$ 5,804,419$ (14,039,928)$ 29.2% Total Revenues - All Funds 187,313,059$ 183,507,250$ 192,478,328$ 29,248,057$ (163,230,272)$ 15.2% 66 2018 Actual 2019 Budget 2019 Revised 2019 Actual Variance Percent Budgetary Fund Expenditures General Fund 10** General Fund 52,714,597$ 58,159,421$ 60,911,822$ 14,336,572$ 46,575,250$ 23.5% Special Revenue Funds 2100 Community Dev Block Grant 592,163 596,507 908,413 162,415 745,998 17.9% 2110 HOME 558,825 546,166 1,024,382 255,373 769,009 24.9% 2200 Road Use Tax Fund 6,059,424 6,165,809 6,432,985 1,544,467 4,888,518 24.0% 2300 Other Shared Revenue 333,421 - 48,260 1,897 46,363 3.9% 2350 Metro Planning Org of Johnson Co. 591,338 708,554 708,554 131,006 577,548 18.5% 2400 Employee Benefits 967,457 1,283,417 1,283,417 475,893 807,524 37.1% 2500 Affordable Housing Fund 325,000 750,000 1,000,000 500,000 500,000 50.0% 2510 Peninsula Apartments 50,641 59,878 59,878 12,451 47,427 20.8% 26** Tax Increment Financing 392,130 505,193 505,193 - 505,193 0.0% 2820 SSMID-Downtown District 354,385 400,124 400,124 - 400,124 0.0% Debt Service Fund 5*** Debt Service 13,469,600 13,722,450 13,722,450 3,865,142 9,857,308 28.2% Enterprise Funds 720* Wastewater 15,738,755 13,284,732 13,284,732 7,980,345 5,304,387 60.1% 730* Water 14,382,141 8,388,774 8,393,774 3,165,384 5,228,390 37.7% 7400 Refuse Collection 3,106,776 3,433,507 3,491,007 838,979 2,652,028 24.0% 750* Landfill 4,940,648 5,035,196 5,035,196 1,145,682 3,889,514 22.8% 7600 Airport 468,122 357,309 357,309 115,549 241,760 32.3% 7700 Storm Water 497,954 537,865 537,865 108,827 429,038 20.2% 79** Housing Authority 9,342,128 10,952,156 10,952,156 3,129,792 7,822,364 28.6% Capital Project Funds Governmental Projects 32,499,396 23,580,970 74,415,110 8,957,369 65,457,741 12.0% Enterprise Projects 9,353,681 5,040,308 17,660,204 1,396,980 16,263,224 7.9% Total Budgetary Expenditures 185,175,387$ 167,570,307$ 235,213,971$ 50,529,429$ 184,684,542$ 21.5% Non-Budgetary Funds Expenditures Internal Service Funds 810* Equipment 5,041,436$ 4,468,094$ 4,764,743$ 1,126,959$ 3,637,784$ 23.7% 8200 Risk Management 1,947,564 1,440,328 1,440,328 496,965 943,363 34.5% 830* Information Technology 2,034,623 2,160,935 2,160,935 539,361 1,621,574 25.0% 8400 Central Services 188,468 193,387 193,387 10,048 183,339 5.2% 8500 Health Insurance Reserves 7,848,190 8,381,923 8,381,923 1,929,862 6,452,061 23.0% 8600 Dental Insurance Reserves 364,128 409,442 409,442 88,640 320,802 21.6% Total Non-Budgetary Expenditures 17,424,410$ 17,054,109$ 17,350,758$ 4,191,835$ 13,158,923$ 24.2% Total Expenditures - All Funds 202,599,797$ 184,624,416$ 252,564,729$ 54,721,264$ 197,843,465$ 21.7% City of Iowa City Expenditures by Fund Fiscal Year 2019 through September 30, 2018 77 2018 Actual 2019 Budget 2019 Revised 2019 Actual Variance Percent Budgetary Funds Expenditures General Fund 10** General Fund City Council 109,461$ 120,391$ 120,391$ 36,264$ 84,127$ 30.1% City Clerk 491,517 533,577 533,577 145,507 388,070 27.3% City Attorney 765,417 780,796 780,796 178,150 602,646 22.8% City Manager 3,056,803 4,248,266 4,378,266 914,746 3,463,520 20.9% Finance 3,805,542 4,345,045 4,848,045 1,720,555 3,127,490 35.5% Police 13,809,546 14,419,896 14,763,762 3,295,800 11,467,962 22.3% Fire 8,030,716 8,262,751 8,278,847 1,940,814 6,338,033 23.4% Parks & Recreation 7,993,287 8,826,119 8,841,119 1,963,600 6,877,519 22.2% Library 6,400,495 6,671,933 6,671,933 1,501,056 5,170,877 22.5% Senior Center 888,544 974,355 986,855 166,476 820,379 16.9% Neighborhood & Development Services 4,965,448 5,824,548 7,556,487 1,838,461 5,718,026 24.3% Public Works 1,909,621 2,554,182 2,554,182 500,313 2,053,869 19.6% Transportation & Resource Management 488,203 597,562 597,562 134,829 462,733 22.6% Total General Fund 52,714,597 58,159,421 60,911,822 14,336,572 46,575,250 23.5% Special Revenue Funds 2100 Community Dev Block Grant Neighborhood & Development Services 592,163 596,507 908,413 162,415 745,998 17.9% 2110 HOME Neighborhood & Development Services 558,825 546,166 1,024,382 255,373 769,009 24.9% 2200 Road Use Tax Fund Public Works 6,059,424 6,165,809 6,432,985 1,544,467 4,888,518 24.0% 2300 Other Shared Revenue Neighborhood & Development Services 333,421 - 48,260 1,897 46,363 3.9% 2350 Metro Planning Org of Johnson Co Neighborhood & Development Services 591,338 708,554 708,554 131,006 577,548 18.5% 2400 Employee Benefits Finance 967,457 1,283,417 1,283,417 475,893 807,524 37.1% 2500 Affordable Housing Fund Neighborhood & Development Services 325,000 750,000 1,000,000 500,000 500,000 50.0% 2510 Peninsula Apartments Neighborhood & Development Services 50,641 59,878 59,878 12,451 47,427 20.8% 26** Tax Increment Financing Finance 392,130 505,193 505,193 - 505,193 0.0% 2820 SSMID-Downtown District Finance 354,385 400,124 400,124 - 400,124 0.0% Total Special Revenue Funds 10,224,785 11,015,648 12,371,206 3,083,502 9,287,704 24.9% Debt Service Fund 5*** Debt Service Finance 13,469,600 13,722,450 13,722,450 3,865,142 9,857,308 28.2% Total Debt Service Fund 13,469,600 13,722,450 13,722,450 3,865,142 9,857,308 28.2% City of Iowa City Expenditures by Fund by Department Fiscal Year 2019 through September 30, 2018 88 2018 Actual 2019 Budget 2019 Revised 2019 Actual Variance Percent City of Iowa City Expenditures by Fund by Department Fiscal Year 2019 through September 30, 2018 Enterprise Funds 710* Parking Transportation & Resource Management 6,516,098$ 6,612,092$ 6,631,261$ 910,168$ 5,721,093$ 13.7% 715* Mass Transit Transportation & Resource Management 11,920,706 7,449,879 7,449,879 1,495,141 5,954,738 20.1% 720* Wastewater Public Works 15,738,755 13,284,732 13,284,732 7,980,345 5,304,387 60.1% 730* Water Public Works 14,382,141 8,388,774 8,393,774 3,165,384 5,228,390 37.7% 7400 Refuse Collection Transportation & Resource Management 3,106,776 3,433,507 3,491,007 838,979 2,652,028 24.0% 750* Landfill Transportation & Resource Management 4,940,648 5,035,196 5,035,196 1,145,682 3,889,514 22.8% 7600 Airport Airport Operations 468,122 357,309 357,309 115,549 241,760 32.3% 7700 Storm Water Public Works 497,954 537,865 537,865 108,827 429,038 20.2% 79** Housing Authority Neighborhood & Development Services 9,342,128 10,952,156 10,952,156 3,129,792 7,822,364 28.6% Total Enterprise Funds 66,913,328 56,051,510 56,133,179 18,889,865 37,243,314 33.7% Capital Project Funds Governmental Projects 32,499,396 23,580,970 74,415,110 8,957,369 65,457,741 12.0% Enterprise Projects 9,353,681 5,040,308 17,660,204 1,396,980 16,263,224 7.9% Total Capital Project Funds 41,853,076 28,621,278 92,075,314 10,354,349 81,720,965 11.2% Total Budgetary Expenditures 185,175,387$ 167,570,307$ 235,213,971$ 50,529,429$ 184,684,542$ 21.5% Non-Budgetary Funds Expenditures Internal Service Funds 810* Equipment Public Works 5,041,436$ 4,468,094$ 4,764,743$ 1,126,959$ 3,637,784$ 23.7% 8200 Risk Management Finance 1,947,564 1,440,328 1,440,328 496,965 943,363 34.5% 830* Information Technology Finance 2,034,623 2,160,935 2,160,935 539,361 1,621,574 25.0% 8400 Central Services Finance 188,468 193,387 193,387 10,048 183,339 5.2% 8500 Health Insurance Reserves Finance 7,848,190 8,381,923 8,381,923 1,929,862 6,452,061 23.0% 8600 Dental Insurance Reserves Finance 364,128 409,442 409,442 88,640 320,802 21.6% Total Internal Service Funds 17,424,410 17,054,109 17,350,758 4,191,835 13,158,923 24.2% Total Non-Budgetary Expenditures 17,424,410$ 17,054,109$ 17,350,758$ 4,191,835$ 13,158,923$ 24.2% Total Expenditures - All Funds 202,599,797$ 184,624,416$ 252,564,729$ 54,721,264$ 197,843,465$ 21.7% 99