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HomeMy WebLinkAbout2024.02 February Monthly Report To: Luke Stowe, City Manager From: Hitesh Desai, CFO/City Treasurer Subject: February 2024 Monthly Financial Report Date: April 5, 2024 Please find attached the unaudited financial statements as of February 29, 2024. A summary by fund for revenues, expenditures, fund, and cash balances is as follows. The financials below are unaudited: City of Evanston Cash & Investment Summary by Fund February 29, 2024 Fund #Fund Revenue Expense Net Fund Balance Cash Balance 100 General 20,675,647 19,694,900 980,747 50,006,358 43,921,433 170 American Rescue Plan 277,673 149,300 128,373 (4,871,613) 25,941,749 175 General Assistance 181,184 159,136 22,048 1,316,891 1,316,893 176 Human Services 228,588 341,771 (113,183) 2,275,827 2,275,827 177 Reparations 228,787 279,116 (50,330) 1,503,746 1,078,746 178 Sustainability 119,783 30,791 88,992 876,291 876,292 180 Good Neighbor 1,025 23 1,002 189,327 189,326 185 Library 1,025,834 960,411 65,424 4,892,196 4,892,195 186 Library Debt Service - - - 2,781 2,781 187 Library Capital Improvement FD - (9,920) 9,920 (478,594) (478,594) 200 MFT 623,960 201,878 422,082 6,706,286 6,401,420 205 E911 126,305 145,201 (18,896) 1,541,878 1,180,578 210 Special Service Area (SSA) #9 55,126 - 55,126 68,378 68,378 215 CDBG 489 67,462 (66,973) (7,650) (7,650) 220 CD Loan 6,221 - 6,221 397,185 420,629 235 Neighborhood Improvement 124 1 123 23,008 23,008 240 Home 6,802 7,372 (570) 7,284 7,285 250 Affordable Housing 60,177 8,596 51,581 2,822,206 2,977,273 320 Debt Service 1,999,364 6,302 1,993,062 4,898,097 4,898,097 330 Howard Ridge 50,030 63,402 (13,372) 1,818,042 1,809,238 335 West Evanston 296,249 93,445 202,804 2,440,753 2,440,695 340 Dempster-Dodge-TIF 6,674 30,824 (24,151) 624,107 624,049 345 Chicago Main-TIF 64,095 48,172 15,923 2,274,168 2,274,110 350 Special Service Area (SSA) #6 45,033 - 45,033 79,259 301,121 355 Special Service Area (SSA) #7 20,667 - 20,667 35,003 35,003 360 Special Service Area (SSA) #8 11,370 - 11,370 18,523 18,522 365 Five-Fifth TIF 64,124 1,348 62,775 (74,613) (74,672) 415 Capital Improvements 319,652 1,406,328 (1,086,676) (8,163,575) (2,213,010) 416 Crown Construction 25,809 103,196 (77,387) 4,726,720 4,726,720 417 Crown Community CTR Maintenance 29,166 - 29,166 694,207 694,207 420 Special Assessment 81,019 15,344 65,675 628,733 628,732 505 Parking 1,499,855 1,364,268 135,588 1,467,235 1,940,360 510-513 Water 3,389,224 2,145,867 1,243,357 2,067,329 (2,015,183) 515 Sewer 1,246,308 583,704 662,604 8,654,474 7,677,417 520 Solid Waste 773,120 805,971 (32,851) 1,578,171 1,658,325 600 Fleet 703,035 347,154 355,880 1,781,919 186,117 601 Equipment Replacement 153,762 143 153,619 3,525,515 1,191,142 605 Insurance 3,069,460 4,564,782 (1,495,323) (2,062,154) 3,128,970 Memorandum Please note that the attached supporting documents have been updated to show further fund and department analysis. Included above are ending fund and cash balances as of February 29, 2024. Cash balance represents liquid cash and/or invested assets which can be used (or easily sold) to support and fund current operations. Fund balance includes illiquid assets or future cash receipts or disbursements such as receivables (including property tax) due to the City and accounts payable/accrued expenses. All fund balances are unaudited. The FY 2023 annual audit by Sikich, LLP is being conducted from January through June with a final ACFR being issued in late June. There is a three (3) months lag in some of the state distributed revenues like Sales Tax, Home Rule Sales Tax, Use Tax and Telecommunication Tax. The City will not receive the February allocations until May of 2024. The City has started receiving property taxes. The first installment has a due date of March 1st. The unaudited financials as of February 29, 2024, show the General Fund with a fund balance of $50,006,358 and cash balance of $43,921,433. The attached financials show General Fund revenues at 15% and expenses at 14%. General Fund Expenses by Category: On January 22nd, Council approved the unbudgeted purchase of Little Beans Café. This purchase was executed in February resulting in Capital Outlay being over budget. All other expense categories are in line with the budget. FY 2024 Actual Revenues (Through 02/29/2024) Account Description 100 GENERAL FUND 177 REPARATIONS FUND 700 FIRE PENSION FUND 705 POLICE PENSION FUND Grand Total STATE INCOME TAX 1,944,994 - - - 1,944,994 PROPERTY TAXES 1,701,576 - - - 1,701,576 RECREATION PROGRAM FEES 1,627,745 - - - 1,627,745 BUILDING PERMITS 1,491,939 - - - 1,491,939 AMBULANCE SERVICE 922,580 - - 922,580 TICKET FINES-PARKING 532,356 - - - 532,356 ELECTRIC UTILITY TAX 472,849 - - - 472,849 PARKING TAX 396,928 - - - 396,928 NATURAL GAS UTILITY TAX 312,248 - - - 312,248 INVESTMENT INCOME 294,535 - - - 294,535 LIQUOR TAX 238,308 - - - 238,308 General Fund 2024 Budget 2024 Actual % of Budget 2023 Budget 2023 Actual % of Budget Expenses Salary and Benefits 88,012,393 11,483,474 13%75,748,150 11,926,691 16% Insurance and Other Chargebacks 29,518,684 3,203,742 11%28,934,436 2,647,682 9% Capital Outlay 272,000 2,717,376 999%694,500 15,692 2% Services and Supplies 19,446,153 1,544,799 8%16,965,457 970,894 6% Interfund Transfers 4,887,100 717,016 15%4,248,750 807,916 19% Miscellaneous 1,545,213 28,493 2%617,822 53,072 9% Contingencies 126,000 - 0%408,500 266 0% Community Sponsored Organizations 120,000 - 0%120,000 - 0% Expenses Total 143,927,543 19,694,900 14%127,737,614 16,422,213 13% Through February 29, 2024, Police spent 13% of budget for overtime, and Fire spent 9% of the annual budget. Overtime Expenses 2023 Actual 2024 Budget 2024 YTD % Budget Police $1,862,988 $ 1,736,349 226,793 13% Fire $1,005,238 $ 1,084,000 99,513 9% Enterprise Funds Through February 29, 2024, the Water Fund is showing a fund balance of $2,240,507 and a negative cash balance of 2,015,183. Capital projects funded by IEPA loans have begun. These projects are budgeted in Other Revenue and expenses in Capital Outlay. One concern is the fact that 2023 GO Bonds have not been issued for projects planned in this fund. These projects have been drawing on the existing fund balance until these bonds are issued. Other Funds Through February 29, 2024, the Capital Improvements Fund is showing a negative fund balance of $8,163,575 and a negative cash balance of $2,213,010. The fund continues to spend down Series 2021 and Series 2020 bond proceeds. The fund saw a significant decrease in fund balance due to the booking of expenses for projects that have been completed, but invoices not received from IDOT as well as deferred issuance of 2022, 2023, & 2024 bonds. Through February 29, 2024, the Fleet Fund is showing a fund balance of $1,723,312 and a cash balance of $186,117. This difference is largely a result of inventory on hand that is reflected as an asset in the fund balance but reduced from the cash balance. This deficit has grown over the last few months and is a result of wage increases for Fleet Maintenance employees and the impact of inflation on vehicle parts and fuel prices Through February 29, 2024, the Insurance Fund is showing a negative fund balance of $2,062,154 and a cash balance of $3,128,970. If there are any questions on the attached report, please contact me by phone at (847) 448-8082 or by email: hdesai@cityofevanston.org. Detailed fund summary reports can be found at: http://www.cityofevanston.org/city-budget/financial-reports/. CERTIFICATION OF ATTACHED FINANCIAL REPORTS As required per Illinois Statute 65 ILCS 5/3.1-35-45 I, Hitesh Desai, Treasurer of the City of Evanston, hereby affirm that I have reviewed the February 29, 2024 year-to-date financial information and reports which to the best of my knowledge appear accurate and complete. Funds 2024 Budget 2024 Actual % of Budget 2023 Budget 2023 Actual % of Budget 100 GENERAL FUND Revenue Charges for Services 11,655,200 2,709,362 23%8,785,075 2,088,745 24% Fines and Forfeitures 3,725,000 551,344 15%3,632,500 512,439 14% Interest Income 500,000 294,535 59%55,000 242,475 441% Interfund Transfers 9,623,390 1,353,898 14%7,733,949 1,288,990 17% Intergovernmental Revenue 3,966,034 604,892 15%3,116,184 686,123 22% Licenses, Permits and Fees 7,336,450 2,002,647 27%7,543,450 1,457,916 19% Other Revenue 1,301,500 184,749 14%1,168,600 185,826 16% Other Taxes 66,300,000 8,749,908 13%56,570,000 9,257,498 16% Property Taxes 29,047,402 4,224,311 15%29,047,402 - 0% Revenue Total 133,454,976 20,675,647 15% 117,652,160 15,720,013 13% Expenses 13 CITY COUNCIL 594,133 76,868 8%658,324 84,881 13% 14 CITY CLERK 535,355 41,594 8%360,108 50,274 14% 15 CITY MANAGER'S OFFICE 10,177,532 770,900 10%8,143,075 1,021,340 13% 17 LAW 1,354,786 132,215 11%988,558 126,281 13% 19 ADMINISTRATIVE SERVICES 15,148,003 1,604,686 8%12,537,670 1,317,354 11% 21 COMMUNITY DEVELOPMENT 4,687,076 398,117 15%4,183,421 506,730 12% 22 POLICE 35,221,511 5,413,401 12%29,214,097 5,069,989 17% 23 FIRE MGMT & SUPPORT 22,110,663 2,754,306 10%18,689,924 2,901,196 16% 24 HEALTH 1,817,273 190,748 28%1,413,058 261,139 18% 30 PARKS AND RECREATION 14,547,351 4,030,487 11%12,751,313 1,184,656 9% 40 PUBLIC WORKS AGENCY 15,868,893 1,758,844 12%13,708,631 1,898,372 14% 99 NON-DEPARTMENTAL 21,864,968 2,522,735 14%25,089,436 2,000,000 8% Expenses Total 143,927,543 19,694,900 14% 127,737,614 16,422,213 13% 170 AMERICAN RESCUE PLAN Revenue Interest Income 50,000 268,945 538%- 221,707 Other Revenue - 8,728 Revenue Total 50,000 277,673 555% - 221,707 Expenses Capital Outlay 10,188,900 121,268 1%800,000 38,041 5% Insurance and Other Chargebacks 100,000 - 0%850,000 - 0% Interfund Transfers 1,250,000 - 0%2,600,000 - 0% Miscellaneous 10,294,191 - 0%18,500,000 124,194 1% Salary and Benefits - 6,880 Services and Supplies 3,275,000 28,032 1%- 10,014 Expenses Total 25,108,091 149,300 1% 22,750,000 179,130 1% Funds 2024 Budget 2024 Actual % of Budget 2023 Budget 2023 Actual % of Budget 175 GENERAL ASSISTANCE FUND Revenue Interest Income 1,000 12,294 1229%1,000 5,380 538% Other Revenue 27,500 3,766 14%27,500 - 0% Property Taxes 1,050,000 165,123 16%1,300,000 - 0% Revenue Total 1,078,500 181,184 17% 1,328,500 5,380 0% Expenses Miscellaneous 7,000 - 0%7,000 1,500 21% Salary and Benefits 539,408 68,057 13%488,738 77,506 16% Services and Supplies 874,482 91,079 10%864,482 83,357 10% Expenses Total 1,420,890 159,136 11% 1,360,220 162,363 12% 176 HUMAN SERVICES FUND Revenue Interest Income 6,000 9,511 159%- 5,416 Intergovernmental Revenue 114,000 219,077 192%114,000 10,030 9% Other Revenue 20,000 - 0%2,000 8,000 400% Property Taxes 3,360,000 - 0%3,110,000 - 0% Revenue Total 3,500,000 228,588 7% 3,226,000 23,446 1% Expenses Community Sponsored Organizations 60,000 7,660 13%60,000 - 0% Miscellaneous 210,000 6,131 3%213,000 16,195 8% Salary and Benefits 2,654,369 306,804 12%2,373,285 276,104 12% Services and Supplies 2,334,063 21,176 1%1,804,973 3,014 0% Expenses Total 5,258,432 341,771 6% 4,451,258 295,313 7% 177 REPARATIONS FUND Revenue Interest Income 2,500 11,614 465%- 1,938 Intergovernmental Revenue 100,000 - 0% Other Revenue - 424 - 432 Other Taxes 1,400,000 216,749 15%3,400,000 302,322 9% Revenue Total 1,502,500 228,787 15% 3,400,000 304,692 9% Expenses Miscellaneous 3,400,000 270,581 8%3,400,000 41,327 1% Services and Supplies 101,000 8,535 8%- 374 Expenses Total 3,501,000 279,116 8% 3,400,000 41,700 1% Funds 2024 Budget 2024 Actual % of Budget 2023 Budget 2023 Actual % of Budget 178 SUSTAINABILITY FUND Revenue Interest Income 2,000 4,451 223%- 1,576 Interfund Transfers 700,000 33,334 5%200,000 33,334 17% Intergovernmental Revenue 10,000 - 0% Licenses, Permits and Fees 500,000 81,998 16%500,000 86,592 17% Other Revenue 650,000 - 0%500,000 - 0% Revenue Total 1,862,000 119,783 6% 1,200,000 121,501 10% Expenses Community Sponsored Organizations 500,000 - 0% Miscellaneous 525,000 - 0% Salary and Benefits 250,368 28,712 11%256,893 - 0% Services and Supplies 725,120 2,080 0%546,000 17 0% Expenses Total 2,000,488 30,791 2% 802,893 17 0% 180 GOOD NEIGHBOR FUND Revenue Interest Income 1,000 1,025 102%- 3,144 Other Revenue 3,000,000 - 0% Revenue Total 3,001,000 1,025 0% - 3,144 Expenses Capital Outlay - 75,000 Interfund Transfers 3,000,000 - 0%85,000 - 0% Miscellaneous 314,000 - 0% Services and Supplies - 23 - 33 Expenses Total 3,314,000 23 0% 85,000 75,033 88% 185 LIBRARY FUND Revenue Charges for Services 400 1,368 342%400 58 14% Interest Income 25,000 42,197 169%21,600 25,664 119% Interfund Transfers 216,999 - 0%250,000 - 0% Intergovernmental Revenue 200,213 8,451 4%209,866 13,550 6% Library Revenue 109,394 11,179 10%155,394 15,277 10% Other Revenue 405,000 8,672 2%405,000 47,619 12% Property Taxes 8,213,664 953,968 12%7,535,472 - 0% Revenue Total 9,170,670 1,025,834 11% 8,577,732 102,167 1% Expenses Capital Outlay 3,500 - 0%1,500 - 0% Insurance and Other Chargebacks - 168 Interfund Transfers 360,325 60,052 17%305,325 50,886 17% Salary and Benefits 7,264,128 690,700 10%6,393,544 843,173 13% Services and Supplies 2,313,194 209,491 9%2,247,673 202,854 9% Expenses Total 9,941,147 960,411 10% 8,948,042 1,096,913 12% Funds 2024 Budget 2024 Actual % of Budget 2023 Budget 2023 Actual % of Budget 186 LIBRARY DEBT SERVICE FUND Revenue Property Taxes 574,677 - 0%507,913 - 0% Revenue Total 574,677 - 0% 507,913 - 0% Expenses Debt Service 574,677 - 0%507,913 - 0% Expenses Total 574,677 - 0% 507,913 - 0% 187 LIBRARY CAPITAL IMPROVEMENT FD Revenue Other Revenue 550,000 - 0%950,000 - 0% Revenue Total 550,000 - 0% 950,000 - 0% Expenses Capital Outlay 550,000 (9,920) -2%950,000 110,880 12% Expenses Total 550,000 (9,920) -2% 950,000 110,880 12% 200 MOTOR FUEL TAX FUND Revenue Interest Income 15,000 58,715 391%12,000 35,305 294% Intergovernmental Revenue 2,986,239 565,246 19%2,700,000 549,273 20% Revenue Total 3,001,239 623,960 21% 2,712,000 584,578 22% Expenses Capital Outlay 4,405,000 - 0%2,778,600 - 0% Salary and Benefits 325,000 - 0%325,000 - 0% Services and Supplies 1,890,000 201,878 11%1,038,000 103,527 10% Expenses Total 6,620,000 201,878 3% 4,141,600 103,527 2% 205 EMERGENCY TELEPHONE (E911) FUND Revenue Interest Income 7,000 6,051 86%7,000 4,469 64% Other Taxes 1,450,000 120,253 8%1,400,000 119,735 9% Revenue Total 1,457,000 126,305 9% 1,407,000 124,205 9% Expenses Capital Outlay 480,000 886 0%450,000 - 0% Insurance and Other Chargebacks 19,142 3,190 17%19,142 3,190 17% Interfund Transfers 100,000 16,666 17%90,000 15,000 17% Salary and Benefits 810,331 86,582 11%758,058 97,081 13% Services and Supplies 368,350 37,877 10%355,000 36,464 10% Expenses Total 1,777,823 145,201 8% 1,672,200 151,734 9% Funds 2024 Budget 2024 Actual % of Budget 2023 Budget 2023 Actual % of Budget 210 SPECIAL SERVICE AREA (SSA) #9 Revenue Interest Income - 3,471 - 289 Interfund Transfers 206,750 206,750 100% Property Taxes 592,665 51,655 9%595,000 - 0% Revenue Total 592,665 55,126 9% 801,750 207,039 26% Expenses Services and Supplies 575,000 - 0%575,000 - 0% Expenses Total 575,000 - 0% 575,000 - 0% 215 CDBG FUND Revenue Interest Income - 489 Intergovernmental Revenue 3,068,463 - 0%3,629,000 - 0% Revenue Total 3,068,463 489 0% 3,629,000 - 0% Expenses Capital Outlay - 6,470 - 6,847 Community Sponsored Organizations 75,000 - 0%75,000 - 0% Miscellaneous 2,341,499 - 0%2,576,376 1,721 0% Salary and Benefits 681,559 60,991 9%702,459 64,929 9% Services and Supplies 17,480 1 0%307,200 3,720 1% Expenses Total 3,115,538 67,462 2% 3,661,035 77,217 2% 220 CDBG LOAN FUND Revenue Interest Income 5,000 4,760 95%- 4,046 Other Revenue 443,121 1,460 0%100,000 4,311 4% Revenue Total 448,121 6,221 1% 100,000 8,356 8% Expenses Services and Supplies 440,000 - 0%325,000 - 0% Expenses Total 440,000 - 0% 325,000 - 0% 235 NEIGHBORHOOD IMPROVEMENT Revenue Interest Income - 124 - 96 Revenue Total - 124 - 96 Expenses Services and Supplies - 1 - 1 Expenses Total - 1 - 1 Funds 2024 Budget 2024 Actual % of Budget 2023 Budget 2023 Actual % of Budget 240 HOME FUND Revenue Interest Income 150 81 54%150 212 141% Intergovernmental Revenue 2,345,000 - 0%650,000 - 0% Other Revenue 25,000 6,721 27%25,000 4,564 18% Revenue Total 2,370,150 6,802 0% 675,150 4,776 1% Expenses Insurance and Other Chargebacks 1,150,000 - 0% Miscellaneous 2,000 207 10%2,000 - 0% Salary and Benefits 68,137 7,155 11%70,572 6,434 9% Services and Supplies 801,065 10 0%582,266 600 0% Expenses Total 2,021,202 7,372 0% 654,838 7,034 1% 250 AFFORDABLE HOUSING FUND Revenue Interest Income 8,000 27,677 346%4,500 19,257 428% Interfund Transfers 1,000,000 - 0% Intergovernmental Revenue 145,000 - 0%145,000 - 0% Other Revenue 130,000 32,500 25%130,600 32,083 25% Other Taxes 50,000 - 0%50,000 - 0% Revenue Total 1,333,000 60,177 5% 330,100 51,340 16% Expenses Community Sponsored Organizations 154,000 - 0%166,000 - 0% Insurance and Other Chargebacks 11,000 - 0%12,000 - 0% Miscellaneous 1,051,500 1,431 0%53,500 590 1% Salary and Benefits 41,038 7,155 17%130,126 9,255 7% Services and Supplies 1,670,000 10 0%1,565,000 10 0% Expenses Total 2,927,538 8,596 0% 1,926,626 9,855 1% 320 DEBT SERVICE FUND Revenue Interest Income 10,000 10,408 104%10,000 26,308 263% Interfund Transfers 2,693,941 268,382 10%2,918,969 386,496 13% Other Revenue - 399 Property Taxes 12,766,093 1,720,175 13%12,878,258 - 0% Revenue Total 15,470,034 1,999,364 13% 15,807,227 412,804 3% Expenses Debt Service 15,460,034 - 0%15,797,123 - 0% Interfund Transfers - - Miscellaneous - (251) Services and Supplies 6,600 6,302 95%6,600 7 0% Expenses Total 15,466,634 6,302 0% 15,803,723 (244) 0% Funds 2024 Budget 2024 Actual % of Budget 2023 Budget 2023 Actual % of Budget 330 HOWARD-RIDGE TIF FUND Revenue Interest Income 10,000 19,277 193%10,000 11,861 119% Other Revenue 5,000 3,500 70%5,000 7,000 140% Property Taxes 1,100,000 27,253 2%1,100,000 - 0% Revenue Total 1,115,000 50,030 4% 1,115,000 18,861 2% Expenses Capital Outlay 50,000 - 0%785,000 10,000 1% Interfund Transfers 363,513 60,586 17%395,913 65,986 17% Miscellaneous - 122,367 Services and Supplies 65,000 2,816 4%250,000 882 0% Expenses Total 478,513 63,402 13% 1,430,913 199,235 14% 335 WEST EVANSTON TIF FUND Revenue Interest Income 5,000 27,298 546%5,000 14,412 288% Other Revenue 10,000 - 0% Property Taxes 1,450,000 268,951 19%1,450,000 - 0% Revenue Total 1,455,000 296,249 20% 1,465,000 14,412 1% Expenses Capital Outlay 3,315,000 - 0%3,660,000 - 0% Interfund Transfers 75,000 12,500 17%75,000 12,500 17% Miscellaneous 12,000 - 0%200,000 - 0% Services and Supplies 1,005,000 80,945 8%5,000 4 0% Expenses Total 4,407,000 93,445 2% 3,940,000 12,504 0% 340 DEMPSTER-DODGE TIF FUND Revenue Interest Income 1,000 6,674 667%1,000 2,218 222% Property Taxes 180,000 - 0%180,000 - 0% Revenue Total 181,000 6,674 4% 181,000 2,218 1% Expenses Interfund Transfers 176,857 29,476 17%174,483 29,080 17% Services and Supplies 2,000 1,348 67%2,000 1 0% Expenses Total 178,857 30,824 17% 176,483 29,081 16% Funds 2024 Budget 2024 Actual % of Budget 2023 Budget 2023 Actual % of Budget 345 CHICAGO-MAIN TIF Revenue Interest Income 5,000 23,379 468%2,500 9,135 365% Other Revenue 1,880,000 - 0%1,880,000 - 0% Property Taxes 1,000,000 40,716 4%1,000,000 - 0% Revenue Total 2,885,000 64,095 2% 2,882,500 9,135 0% Expenses Capital Outlay 260,000 - 0%2,469,000 3,178 0% Interfund Transfers 272,480 45,414 17%271,355 45,226 17% Miscellaneous 250,000 - 0%250,000 - 0% Services and Supplies 15,010 2,758 18%5,000 3 0% Expenses Total 797,490 48,172 6% 2,995,355 48,406 2% 350 SPECIAL SERVICE AREA (SSA) #6 Revenue Interest Income 250 3,367 1347%250 1,258 503% Property Taxes 221,000 41,666 19%221,000 - 0% Revenue Total 221,250 45,033 20% 221,250 1,258 1% Expenses Services and Supplies 220,000 - 0%220,000 - 0% Expenses Total 220,000 - 0% 220,000 - 0% 355 SPECIAL SERVICE AREA (SSA) #7 Revenue Interest Income 200 804 402%200 438 219% Property Taxes 142,000 19,863 14%142,000 - 0% Revenue Total 142,200 20,667 15% 142,200 438 0% Expenses Services and Supplies 140,000 - 0%140,000 - 0% Expenses Total 140,000 - 0% 140,000 - 0% 360 SPECIAL SERVICE AREA (SSA) #8 Revenue Interest Income - 367 - 175 Property Taxes 60,200 11,003 18%60,200 - 0% Revenue Total 60,200 11,370 19% 60,200 175 0% Expenses Services and Supplies 60,200 - 0%60,200 - 0% Expenses Total 60,200 - 0% 60,200 - 0% Funds 2024 Budget 2024 Actual % of Budget 2023 Budget 2023 Actual % of Budget 365 FIVE FIFTH TIF FUND Revenue Property Taxes - 64,124 Revenue Total - 64,124 Expenses Miscellaneous - - Services and Supplies 100,000 1,348 1%100,000 - 0% Expenses Total 100,000 1,348 1% 100,000 - 0% 415 CAPITAL IMPROVEMENTS FUND Revenue Interest Income - 36,361 - 33,180 Interfund Transfers 85,000 - 0% Intergovernmental Revenue 1,470,000 276,325 19%4,592,500 - 0% Other Revenue 23,283,500 6,966 0%17,350,000 24,745 0% Revenue Total 24,753,500 319,652 1% 22,027,500 57,925 0% Expenses Capital Outlay 23,358,500 1,334,530 6%22,492,500 63,092 0% Miscellaneous - 4,157 Services and Supplies 1,860,000 71,798 4%- 38,062 Expenses Total 25,218,500 1,406,328 6% 22,492,500 105,311 0% 416 CROWN CONSTRUCTION FUND Revenue Interest Income 10,000 25,809 258%10,000 42,290 423% Other Revenue 1,000,000 - 0%1,000,000 - 0% Revenue Total 1,010,000 25,809 3% 1,010,000 42,290 4% Expenses Capital Outlay 200,000 - 0%200,000 - 0% Interfund Transfers 619,118 103,186 17%945,000 157,500 17% Services and Supplies 60 10 17%- 10 Expenses Total 819,178 103,196 13% 1,145,000 157,510 14% 417 CROWN COMMUNITY CTR MAINTENANCE Revenue Interfund Transfers 175,000 29,166 17%175,000 29,166 17% Revenue Total 175,000 29,166 17% 175,000 29,166 17% Expenses Capital Outlay 175,000 - 0%175,000 - 0% Expenses Total 175,000 - 0% 175,000 - 0% Funds 2024 Budget 2024 Actual % of Budget 2023 Budget 2023 Actual % of Budget 420 SPECIAL ASSESSMENT FUND Revenue Interest Income 35,000 7,450 21%30,000 11,103 37% Other Taxes 125,000 73,569 59%125,000 78,004 62% Revenue Total 160,000 81,019 51% 155,000 89,106 57% Expenses Capital Outlay 452,500 - 0%375,000 - 0% Interfund Transfers 425,652 15,334 4%455,360 75,892 17% Services and Supplies 50 10 20%- 10 Expenses Total 878,202 15,344 2% 830,360 75,902 9% 505 PARKING SYSTEM FUND Revenue Charges for Services 8,420,000 1,438,385 17%8,308,975 1,167,817 14% Interest Income 25,000 19,465 78%20,000 9,539 48% Intergovernmental Revenue 1,100,000 - 0%1,100,000 - 0% Other Revenue 422,900 42,005 10%486,700 60,393 12% Revenue Total 9,967,900 1,499,855 15% 9,915,675 1,237,750 12% Expenses Capital Outlay - - 1,600,000 - 0% Debt Service 79,150 - 0%76,150 - 0% Insurance and Other Chargebacks 369,077 61,512 17%369,077 61,512 17% Interfund Transfers 3,180,390 530,064 17%3,132,390 522,064 17% Miscellaneous 50,000 (97) 0% Salary and Benefits 1,582,397 188,524 12%1,716,539 221,244 13% Services and Supplies 4,220,350 584,168 14%4,340,316 618,893 14% Expenses Total 9,431,364 1,364,268 14% 11,284,472 1,423,616 13% 510 WATER FUND Revenue Charges for Services 25,259,051 3,319,492 13%24,378,734 3,147,363 13% Interest Income 70,000 56,672 81%70,000 48,835 70% Licenses, Permits and Fees 50,000 13,059 26%50,000 - 0% Other Revenue 66,234,150 - 0%51,039,150 2,780,437 5% Revenue Total 91,613,201 3,389,224 4% 75,537,884 5,976,635 8% Expenses Capital Outlay 58,470,500 - 0%388,400 - 0% Contingencies 1,000 - 0%1,000 - 0% Debt Service 4,826,609 - 0%4,072,486 - 0% Insurance and Other Chargebacks 1,665,135 280,696 17%1,665,135 277,808 17% Interfund Transfers 4,363,000 727,168 17%4,229,559 704,928 17% Miscellaneous 10,000 - 0%15,000 (953) -6% Salary and Benefits 7,936,849 734,862 9%7,110,142 901,267 13% Services and Supplies 10,284,310 229,962 2%5,908,008 273,782 5% Expenses Total 87,557,403 1,972,688 2% 23,389,730 2,156,832 9% Funds 2024 Budget 2024 Actual % of Budget 2023 Budget 2023 Actual % of Budget 513 WATER DEPR IMPRV &EXTENSION FUND Expenses Capital Outlay - 173,178 57,780,500 22,500 0% Services and Supplies 11,700 16,895 144% Expenses Total - 173,178 57,792,200 39,395 0% 515 SEWER FUND Revenue Charges for Services 10,229,424 1,226,055 12%10,240,424 1,104,512 11% Interest Income 25,000 19,237 77%25,000 9,306 37% Other Revenue 1,000 1,016 102%1,000 - 0% Revenue Total 10,255,424 1,246,308 12% 10,266,424 1,113,817 11% Expenses Capital Outlay 2,950,000 - 0%3,050,700 30,502 1% Debt Service 3,550,270 147,989 4%3,809,232 312,774 8% Insurance and Other Chargebacks 369,800 61,634 17%369,800 61,634 17% Interfund Transfers 1,271,321 211,886 17%883,858 147,310 17% Miscellaneous 1,500 (640) -43% Salary and Benefits 1,546,276 158,384 10%1,386,579 192,594 14% Services and Supplies 1,718,600 3,811 0%1,750,300 (78,167) -4% Expenses Total 11,406,267 583,704 5% 11,251,969 666,007 6% 520 SOLID WASTE FUND Revenue Charges for Services 4,902,674 615,173 13%4,669,000 580,221 12% Interest Income 3,000 3,359 112% Interfund Transfers 100,000 - 0% Licenses, Permits and Fees 375,000 153,580 41%389,000 14,957 4% Other Revenue 38,000 1,007 3%122,000 52,021 43% Property Taxes 1,332,500 - 0%1,332,500 - 0% Revenue Total 6,751,174 773,120 11% 6,512,500 647,199 10% Expenses Capital Outlay 850,000 370 0%525,000 2,200 0% Interfund Transfers 418,600 69,766 17%322,000 53,666 17% Miscellaneous 30,000 73 0%15,000 270 2% Salary and Benefits 1,893,717 197,903 10%1,651,410 229,317 14% Services and Supplies 4,081,466 537,859 13%3,935,115 509,268 13% Expenses Total 7,273,783 805,971 11% 6,448,525 794,721 12% Funds 2024 Budget 2024 Actual % of Budget 2023 Budget 2023 Actual % of Budget 600 FLEET SERVICES FUND Revenue Charges for Services 4,216,140 702,688 17%3,244,440 540,738 17% Interest Income 1,000 - 0%1,000 - 0% Other Revenue 44,000 347 1%69,000 - 0% Revenue Total 4,261,140 703,035 16% 3,314,440 540,738 16% Expenses Capital Outlay - 780 - - Salary and Benefits 1,624,232 191,125 12%1,417,422 208,174 15% Services and Supplies 2,588,890 155,249 6%2,044,557 246,445 12% Expenses Total 4,213,122 347,154 8% 3,461,979 454,619 13% 601 EQUIPMENT REPLACEMENT FUND Revenue Charges for Services 754,885 125,814 17%754,885 125,814 17% Interest Income 2,000 6,548 327%- 3,962 Intergovernmental Revenue 1,250,000 - 0%1,500,000 - 0% Other Revenue 25,000 21,400 86%25,000 263 1% Revenue Total 2,031,885 153,762 8% 2,279,885 130,038 6% Expenses Capital Outlay 3,365,167 - 0%2,700,000 - 0% Services and Supplies - 143 - 41 Expenses Total 3,365,167 143 0% 2,700,000 41 0% 605 INSURANCE FUND Revenue Insurance 10,098,091 1,516,198 15%9,444,453 1,512,440 16% Interest Income - 10,501 Other Revenue 12,859,571 1,411,868 11%11,448,112 1,736,253 15% Workers Compensation and Liability 886,000 130,079 15%862,500 382,698 44% Revenue Total 23,843,662 3,069,460 13% 21,755,065 3,631,391 17% Expenses Insurance and Other Chargebacks 19,330,965 2,908,332 15%16,765,000 2,620,829 16% Salary and Benefits 3,805 984 26%4,287 15,304 357% Services and Supplies 3,660,000 1,655,466 45%3,244,200 1,473,738 45% Expenses Total 22,994,770 4,564,782 20% 20,013,487 4,109,871 21%