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2025.01 January Monthly Report
Memorandum To: Luke Stowe, City Manager From: Hitesh Desai, CFO/City Treasurer Subject: January 2025 Monthly Financial Report Date: March 7, 2025 Please find attached the financial statements as of January 31, 2025. The Financials below are unaudited. If there are any questions on the attached report, please contact me by phone at (847) 448 -8082 or by email: hdesai@cityofevanston.org. For additional financial reports, please visit: https://www.cityofevanston.org/government/transparency/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 January 31, 2025 year-to-date financial information and reports which to the best of my knowledge appear accurate and complete. Page 1 Section 1 – Cash and Fund Balance Summary Table 1 shows the ending fund and cash balances for each Fund as of January 1, 2025. The figures in Table 1 are based on Preliminary FY 2024 ending fund and cash balances, which are subject to change after the completion of the FY 2024 annual audit. The annual audit is being conducted by Sikich, LLP from January through June 2025 with a final Annual Comprehensive Financial Report (ACFR) being issued in late June 2025. 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 monthly fund and cash balances are unaudited. Table 1 FY 2025 Cash and Fund Balance Summary Page 2 Section 2 - General Fund Revenues and Expenses The unaudited financials as of January 31, 2025 show the General Fund with a fund balance of $49,704,964 and a cash balance of $46,600,399. There is a three (3) month 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 January allocations until April 2025. The City will not begin collecting Property Tax revenues until February 2025. Othe Notes about General Fund Expenses and Revenues: • In January, the City received a $2.7M Building Permit payment from Northwestern for 2001 Sheridan Road (Donald P. Jacobs Center). • Timing of payroll cycles is the main driver for the variance in General Fund expenses between January 2024 and 2025. Table 2 FY 2025 General Fund Actual Revenues (through January 31, 2025) *This figure EXCLUDES the $1.0M budgeted for the Reparations Fund. The Reparations Fund has received $176,403 Real Estate Transfer Tax (RETT) revenue through January 31, 2025. **The $11.1M “Use of Fund Balance” is excluded from Budget Total because no actual revenues will be recorded Page 3 Table 3 FY 2025 General Fund Actual Expenses By Department Police and Fire Overtime Through January 31, 2025, Police has spent 8% of budgeted overtime and Fire has spent 7% of budgeted overtime. Table 4 FY 2025 Police and Fire Overtime YTD Expenses Page 4 Section 3 - Enterprise Funds Parking Fund Through January 31, 2025, the Parking Fund is showing a fund balance of $2,689,254 and a cash balance of $2,105,588. Water Fund Through January 31, 2025, the Water Fund is showing a fund balance of $15,080,605 and a cash balance of $12,321,949. A significant portion of this fund balance are 2024 bond proceeds which the City continues to spend down on capital projects. Sewer Fund Through January 31, 2025, the Sewer Fund is showing a fund balance of $10,896,487 and a cash balance of $9,307,093. Solid Waste Fund Through January 31, 2025, the Solid Waste Fund is showing a fund balance of $3,891,299 and a cash balance of $2,615,081. Section 4 - Other Funds Capital Improvements Fund Through January 31, 2025, the CIP Fund is showing a fund balance of ($6,729,999) and a cash balance of $3,013,645. The difference between Cash and Fund Balance is largely attributed to cash on hand for projects completed but not yet invoiced by the Illinois Department of Transportation (IDOT). Fleet Fund Through January 31, 2025, the Fleet Fund is showing a fund balance of $1,864,374 and a cash balance of $271,495. Insurance Fund Through January 31, 2025, the Insurance Fund is showing a fund balance of $3,494,190 and a cash balance of $4,121,717. Page 5 Funds 2025 Budget 2025 YTD Actual % of Budget 2024 Budget 2024 YTD Actual % of Budget 100 GENERAL FUND Revenue Charges for Services 12,765,709 877,403 7% 11,655,200 729,795 6% Fines and Forfeitures 4,375,000 309,797 7% 3,725,000 282,158 8% Interest Income 750,000 264,005 35% 500,000 117,477 23% Interfund Transfers 10,031,740 710,978 7% 9,623,390 676,949 7% Intergovernmental Revenue 4,404,334 184,468 4% 3,966,034 401,650 10% Licenses, Permits and Fees 9,597,300 3,339,284 35% 7,336,450 494,366 7% Other Revenue 1,849,000 140,091 8% 1,301,500 132,697 10% Other Taxes 67,015,000 5,256,685 8% 66,300,000 4,979,032 8% Property Taxes 29,439,902 0 0% 29,047,402 0 0% Revenue Total 140,227,985 11,082,712 8% 133,454,976 7,814,124 6% Expenses Capital Outlay 398,978 299 0% 272,000 -160 0% Community Sponsored Organizations 120,000 0 0% 120,000 0 0% Contingencies 125,000 451 0% 126,000 81 0% Insurance and Other Chargebacks 33,605,744 330,584 1% 29,518,684 337,304 1% Interfund Transfers 4,457,100 363,091 8% 4,887,100 372,258 8% Miscellaneous 1,029,798 48,911 5% 1,545,213 7,784 1% Salary and Benefits 91,592,836 6,813,411 7% 88,012,393 3,540,944 4% Services and Supplies 19,948,946 782,155 4% 19,446,153 293,780 2% Expenses Total 151,278,402 8,338,901 6% 143,927,543 4,551,991 3% 170 AMERICAN RESCUE PLAN Revenue Interest Income 650,000 69,112 11% 50,000 151,874 304% Other Revenue 0 2,606 0 11,596 Revenue Total 650,000 71,718 11% 50,000 163,470 327% Expenses Capital Outlay 2,431,300 0 0% 10,188,900 0 0% Community Sponsored Organizations 2,542,000 0 0% Insurance and Other Chargebacks 100,000 0 0% 100,000 0 0% Interfund Transfers 1,500,000 0 0% 1,250,000 0 0% Miscellaneous 8,396,724 98,109 1% 10,294,191 3,230 0% Salary and Benefits 115,871 0 0% Services and Supplies 2,977,080 3,537 0% 3,275,000 2,365 0% Expenses Total 18,062,975 101,646 1% 25,108,091 5,595 0% City of Evanston Monthly Financial Details January 2025 Page 6 Funds 2025 Budget 2025 YTD Actual % of Budget 2024 Budget 2024 YTD Actual % of Budget 175 GENERAL ASSISTANCE FUND Revenue Interest Income 1,000 5,438 544% 1,000 6,310 631% Other Revenue 27,500 0 0% 27,500 0 0% Property Taxes 750,000 0 0% 1,050,000 0 0% Revenue Total 778,500 5,438 1% 1,078,500 6,310 1% Expenses Miscellaneous 7,000 307 4% 7,000 0 0% Salary and Benefits 560,420 39,054 7% 539,408 21,530 4% Services and Supplies 775,500 64,074 8% 874,482 70,947 8% Expenses Total 1,342,920 103,435 8% 1,420,890 92,477 7% 176 HUMAN SERVICES FUND Revenue Interest Income 6,000 2,281 38% 6,000 6,721 112% Intergovernmental Revenue 335,000 0 0% 114,000 9,928 9% Other Revenue 20,000 0 0% 20,000 0 0% Property Taxes 3,650,000 0 0% 3,360,000 0 0% Revenue Total 4,011,000 2,281 0% 3,500,000 16,649 0% Expenses Community Sponsored Organizations 60,000 0 0% 60,000 0 0% Miscellaneous 210,000 13,816 7% 210,000 0 0% Salary and Benefits 3,288,979 219,418 7% 2,654,369 113,226 4% Services and Supplies 2,801,998 10,470 0% 2,334,063 7,227 0% Expenses Total 6,360,977 243,704 4% 5,258,432 120,454 2% 177 REPARATIONS FUND Revenue Interest Income 2,500 101 4% 2,500 5,704 228% Intergovernmental Revenue 100,000 0 0% 100,000 0 0% Other Revenue 0 424 Other Taxes 1,200,000 176,403 15% 1,400,000 95,264 7% Revenue Total 1,302,500 176,504 14% 1,502,500 101,392 7% Expenses Miscellaneous 1,200,000 11,100 1% 3,400,000 50,000 1% Services and Supplies 101,000 189 0% 101,000 105 0% Expenses Total 1,301,000 11,289 1% 3,501,000 50,105 1% City of Evanston Monthly Financial Details January 2025 Page 7 Funds 2025 Budget 2025 YTD Actual % of Budget 2024 Budget 2024 YTD Actual % of Budget 178 SUSTAINABILITY FUND Revenue Fines and Forfeitures 10,000 0 0% Interest Income 2,000 1,464 73% 2,000 3,035 152% Interfund Transfers 800,000 25,000 3% 700,000 16,667 2% Intergovernmental Revenue 260,000 0 0% 10,000 0 0% Licenses, Permits and Fees 0 43,330 500,000 36,470 7% Other Revenue 500,000 0 0% 650,000 0 0% Revenue Total 1,572,000 69,794 4% 1,862,000 56,172 3% Expenses Community Sponsored Organizations 500,000 0 0% 500,000 0 0% Miscellaneous 190,000 0 0% 525,000 0 0% Salary and Benefits 400,513 19,698 5% 250,368 9,576 4% Services and Supplies 616,000 3,404 1% 725,120 49 0% Expenses Total 1,706,513 23,102 1% 2,000,488 9,625 0% 180 GOOD NEIGHBOR FUND Revenue Interest Income 0 1,305 1,000 690 69% Other Revenue 3,000,000 0 0% 3,000,000 0 0% Revenue Total 3,000,000 1,305 0% 3,001,000 690 0% Expenses Interfund Transfers 3,000,000 0 0% 3,000,000 0 0% Miscellaneous 164,000 0 0% 314,000 0 0% Services and Supplies 0 30 0 11 Expenses Total 3,164,000 30 0% 3,314,000 11 0% City of Evanston Monthly Financial Details January 2025 Page 8 Funds 2025 Budget 2025 YTD Actual % of Budget 2024 Budget 2024 YTD Actual % of Budget 185 LIBRARY FUND Revenue Charges for Services 1,000 27 3% 400 1,333 333% Interest Income 25,000 25,604 102% 25,000 22,821 91% Interfund Transfers 173,750 0 0% 216,999 0 0% Intergovernmental Revenue 155,000 0 0% 200,213 0 0% Library Revenue 82,000 7,875 10% 109,394 0 0% Other Revenue 402,000 50,871 13% 405,000 0 0% Property Taxes 8,624,347 0 0% 8,213,664 0 0% Revenue Total 9,463,097 84,377 1% 9,170,670 24,154 0% Expenses Capital Outlay 2,000 0 0% 3,500 0 0% Insurance and Other Chargebacks 0 168 Interfund Transfers 360,325 30,027 8% 360,325 30,026 8% Salary and Benefits 7,497,302 455,349 6% 7,264,128 225,809 3% Services and Supplies 2,147,619 115,700 5% 2,313,194 64,935 3% Expenses Total 10,007,246 601,075 6% 9,941,147 320,938 3% 186 LIBRARY DEBT SERVICE FUND Revenue Property Taxes 576,946 0 0% 574,677 0 0% Revenue Total 576,946 0 0% 574,677 0 0% Expenses Debt Service 576,946 0 0% 574,677 0 0% Expenses Total 576,946 0 0% 574,677 0 0% 187 LIBRARY CAPITAL IMPROVEMENT FD Revenue Other Revenue 1,900,000 0 0% 550,000 0 0% Revenue Total 1,900,000 0 0% 550,000 0 0% Expenses Capital Outlay 1,900,000 0 0% 550,000 -9,920 -2% Expenses Total 1,900,000 0 0% 550,000 -9,920 -2% City of Evanston Monthly Financial Details January 2025 Page 9 Funds 2025 Budget 2025 YTD Actual % of Budget 2024 Budget 2024 YTD Actual % of Budget 200 MOTOR FUEL TAX FUND Revenue Interest Income 50,000 28,158 56% 15,000 29,317 195% Intergovernmental Revenue 3,300,000 293,310 9% 2,986,239 304,861 10% Revenue Total 3,350,000 321,469 10% 3,001,239 334,177 11% Expenses Capital Outlay 4,469,650 0 0% 4,405,000 0 0% Salary and Benefits 325,000 0 0% Services and Supplies 1,890,000 1,022 0% 1,890,000 35 0% Expenses Total 6,359,650 1,022 0% 6,620,000 35 0% 205 EMERGENCY TELEPHONE (E911) FUND Revenue Interest Income 15,000 1,154 8% 7,000 4,112 59% Other Taxes 1,450,000 0 0% 1,450,000 0 0% Revenue Total 1,465,000 1,154 0% 1,457,000 4,112 0% Expenses Capital Outlay 445,000 0 0% 480,000 0 0% Insurance and Other Chargebacks 19,142 1,595 8% 19,142 1,595 8% Interfund Transfers 100,000 8,333 8% 100,000 8,333 8% Salary and Benefits 903,749 76,133 8% 810,331 26,893 3% Services and Supplies 394,950 9,760 2% 368,350 14,292 4% Expenses Total 1,862,841 95,821 5% 1,777,823 51,113 3% 206 FOREIGN FIRE INSURANCE Revenue Interfund Transfers 0 27,500 Other Taxes 250,000 0 0% Revenue Total 250,000 0 0% 0 27,500 Expenses Capital Outlay 200,000 0 0% Expenses Total 200,000 0 0% 210 SPECIAL SERVICE AREA (SSA) #9 Revenue Interest Income 0 5 0 1,410 Property Taxes 642,145 0 0% 592,665 0 0% Revenue Total 642,145 5 0% 592,665 1,410 0% Expenses Services and Supplies 642,145 0 0% 575,000 0 0% Expenses Total 642,145 0 0% 575,000 0 0% City of Evanston Monthly Financial Details January 2025 Page 10 Funds 2025 Budget 2025 YTD Actual % of Budget 2024 Budget 2024 YTD Actual % of Budget 215 CDBG FUND Revenue Interest Income 0 416 Intergovernmental Revenue 2,616,400 0 0% 3,068,463 0 0% Revenue Total 2,616,400 416 0% 3,068,463 0 0% Expenses Capital Outlay 1,160,000 0 0% 0 6,470 Community Sponsored Organizations 75,000 0 0% Miscellaneous 2,198,445 0 0% 2,341,499 0 0% Salary and Benefits 319,903 22,765 7% 681,559 20,636 3% Services and Supplies 110,650 1 0% 17,480 0 0% Expenses Total 3,788,998 22,766 1% 3,115,538 27,105 1% 220 CDBG LOAN FUND Revenue Interest Income 5,000 1,386 28% 5,000 3,145 63% Other Revenue 301,565 1,115 0% 443,121 1,212 0% Revenue Total 306,565 2,501 1% 448,121 4,357 1% Expenses Services and Supplies 306,565 0 0% 440,000 0 0% Expenses Total 306,565 0 0% 440,000 0 0% 235 NEIGHBORHOOD IMPROVEMENT Revenue Interest Income 0 29 0 84 Revenue Total 0 29 0 84 Expenses Services and Supplies 0 1 Expenses Total 0 1 240 HOME FUND Revenue Interest Income 150 106 71% 150 54 36% Intergovernmental Revenue 2,256,469 0 0% 2,345,000 0 0% Other Revenue 25,000 4,439 18% 25,000 2,407 10% Revenue Total 2,281,619 4,545 0% 2,370,150 2,461 0% Expenses Insurance and Other Chargebacks 1,150,000 0 0% 1,150,000 0 0% Miscellaneous 2,000 0 0% 2,000 199 10% Salary and Benefits 42,847 2,783 6% 68,137 2,818 4% Services and Supplies 1,081,065 5 0% 801,065 5 0% Expenses Total 2,275,912 2,788 0% 2,021,202 3,022 0% City of Evanston Monthly Financial Details January 2025 Page 11 Funds 2025 Budget 2025 YTD Actual % of Budget 2024 Budget 2024 YTD Actual % of Budget 250 AFFORDABLE HOUSING FUND Revenue Interest Income 40,000 17,442 44% 8,000 13,769 172% Interfund Transfers 1,000,000 0 0% 1,000,000 0 0% Intergovernmental Revenue 145,000 0 0% Other Revenue 130,000 833 1% 130,000 31,667 24% Other Taxes 50,000 0 0% 50,000 0 0% Revenue Total 1,220,000 18,275 1% 1,333,000 45,435 3% Expenses Community Sponsored Organizations 154,000 0 0% Insurance and Other Chargebacks 11,000 0 0% Miscellaneous 1,001,500 0 0% 1,051,500 0 0% Salary and Benefits 175,980 6,481 4% 41,038 2,818 7% Services and Supplies 1,185,000 5 0% 1,670,000 5 0% Expenses Total 2,362,480 6,486 0% 2,927,538 2,823 0% 320 DEBT SERVICE FUND Revenue Interest Income 10,000 35,211 352% 10,000 10,169 102% Interfund Transfers 1,822,547 132,660 7% 2,693,941 134,191 5% Other Revenue 0 0 0 1,959 Property Taxes 12,766,093 0 0% 12,766,093 0 0% Revenue Total 15,991,861 167,871 1% 15,470,034 146,320 1% Expenses Debt Service 15,981,861 0 0% 15,460,034 0 0% Services and Supplies 7,000 0 0% 6,600 6,302 95% Expenses Total 15,988,861 0 0% 15,466,634 6,302 0% 330 HOWARD-RIDGE TIF FUND Revenue Interest Income 12,000 673 6% 10,000 7,842 78% Other Revenue 0 3,500 5,000 0 0% Property Taxes 1,336,000 0 0% 1,100,000 0 0% Revenue Total 1,348,000 4,173 0% 1,115,000 7,842 1% Expenses Capital Outlay 100,000 0 0% 50,000 0 0% Interfund Transfers 343,913 28,659 8% 363,513 30,293 8% Miscellaneous 350,000 0 0% Services and Supplies 63,500 0 0% 65,000 -243 0% Expenses Total 857,413 28,659 3% 478,513 30,050 6% City of Evanston Monthly Financial Details January 2025 Page 12 Funds 2025 Budget 2025 YTD Actual % of Budget 2024 Budget 2024 YTD Actual % of Budget 335 WEST EVANSTON TIF FUND Revenue Interest Income 6,000 967 16% 5,000 14,259 285% Property Taxes 2,211,000 0 0% 1,450,000 0 0% Revenue Total 2,217,000 967 0% 1,455,000 14,259 1% Expenses Capital Outlay 1,560,790 0 0% 3,315,000 0 0% Interfund Transfers 110,550 9,213 8% 75,000 6,250 8% Miscellaneous 52,000 0 0% 12,000 0 0% Services and Supplies 1,100,000 2 0% 1,005,000 77,945 8% Expenses Total 2,823,340 9,215 0% 4,407,000 84,195 2% 340 DEMPSTER-DODGE TIF FUND Revenue Interest Income 3,000 353 12% 1,000 2,718 272% Property Taxes 488,000 0 0% 180,000 0 0% Revenue Total 491,000 353 0% 181,000 2,718 2% Expenses Interfund Transfers 193,343 16,112 8% 176,857 14,738 8% Miscellaneous 10,000 0 0% Services and Supplies 2,000 0 0% 2,000 -647 -32% Expenses Total 205,343 16,112 8% 178,857 14,091 8% 345 CHICAGO-MAIN TIF Revenue Interest Income 10,000 323 3% 5,000 9,593 192% Other Revenue 1,880,000 0 0% Property Taxes 1,295,000 0 0% 1,000,000 0 0% Revenue Total 1,305,000 323 0% 2,885,000 9,593 0% Expenses Capital Outlay 260,000 0 0% 260,000 0 0% Interfund Transfers 307,990 25,666 8% 272,480 22,707 8% Miscellaneous 540,000 0 0% 250,000 0 0% Services and Supplies 50,010 1 0% 15,010 -242 -2% Expenses Total 1,158,000 25,667 2% 797,490 22,465 3% City of Evanston Monthly Financial Details January 2025 Page 13 Funds 2025 Budget 2025 YTD Actual % of Budget 2024 Budget 2024 YTD Actual % of Budget 350 SPECIAL SERVICE AREA (SSA) #6 Revenue Interest Income 250 101 40% 250 1,368 547% Property Taxes 221,000 0 0% 221,000 0 0% Revenue Total 221,250 101 0% 221,250 1,368 1% Expenses Services and Supplies 220,000 0 0% 220,000 0 0% Expenses Total 220,000 0 0% 220,000 0 0% 355 SPECIAL SERVICE AREA (SSA) #7 Revenue Interest Income 200 8 4% 200 327 163% Property Taxes 142,000 0 0% 142,000 0 0% Revenue Total 142,200 8 0% 142,200 327 0% Expenses Services and Supplies 140,000 0 0% 140,000 0 0% Expenses Total 140,000 0 0% 140,000 0 0% 360 SPECIAL SERVICE AREA (SSA) #8 Revenue Interest Income 0 3 0 149 Property Taxes 60,200 0 0% 60,200 0 0% Revenue Total 60,200 3 0% 60,200 149 0% Expenses Services and Supplies 60,200 0 0% 60,200 0 0% Expenses Total 60,200 0 0% 60,200 0 0% 361 SPECIAL SERVICE AREA (SSA) #10 Revenue Property Taxes 92,624 0 0% Revenue Total 92,624 0 0% Expenses Services and Supplies 90,000 0 0% Expenses Total 90,000 0 0% City of Evanston Monthly Financial Details January 2025 Page 14 Funds 2025 Budget 2025 YTD Actual % of Budget 2024 Budget 2024 YTD Actual % of Budget 365 FIVE FIFTH TIF FUND Revenue Interest Income 1,000 314 31% Property Taxes 1,477,000 0 0% Revenue Total 1,478,000 314 0% Expenses Capital Outlay 140,520 0 0% Interfund Transfers 73,850 6,154 8% Miscellaneous 60,000 0 0% Services and Supplies 950,000 0 0% 100,000 -647 -1% Expenses Total 1,224,370 6,154 1% 100,000 -647 -1% 415 CAPITAL IMPROVEMENTS FUND Revenue Interest Income 75,000 13,856 18% 0 32,408 Intergovernmental Revenue 5,027,000 400,000 8% 1,470,000 276,325 19% Licenses, Permits and Fees 0 5,292 Other Revenue 21,225,000 19,000 0% 23,283,500 8,704 0% Revenue Total 26,327,000 438,148 2% 24,753,500 317,437 1% Expenses Capital Outlay 24,532,000 149 0% 23,358,500 2,530 0% Services and Supplies 1,690,000 4,525 0% 1,860,000 3,265 0% Expenses Total 26,222,000 4,674 0% 25,218,500 5,795 0% 416 CROWN CONSTRUCTION FUND Revenue Interest Income 10,000 6,221 62% 10,000 13,803 138% Other Revenue 1,000,000 2,050 0% 1,000,000 2,344 0% Revenue Total 1,010,000 8,272 1% 1,010,000 16,146 2% Expenses Capital Outlay 200,000 0 0% 200,000 0 0% Interfund Transfers 588,369 49,031 8% 619,118 51,593 8% Services and Supplies 60 5 8% 60 5 8% Expenses Total 788,429 49,036 6% 819,178 51,598 6% 417 CROWN COMMUNITY CTR MAINTENANCE Revenue Interfund Transfers 175,000 14,583 8% 175,000 14,583 8% Revenue Total 175,000 14,583 8% 175,000 14,583 8% Expenses Capital Outlay 175,000 0 0% 175,000 0 0% Expenses Total 175,000 0 0% 175,000 0 0% City of Evanston Monthly Financial Details January 2025 Page 15 Funds 2025 Budget 2025 YTD Actual % of Budget 2024 Budget 2024 YTD Actual % of Budget 420 SPECIAL ASSESSMENT FUND Revenue Interest Income 20,000 4,967 25% 35,000 3,963 11% Other Taxes 200,000 33,977 17% 125,000 70,211 56% Revenue Total 220,000 38,944 18% 160,000 74,174 46% Expenses Capital Outlay 1,650,000 0 0% 452,500 0 0% Interfund Transfers 230,631 0 0% 425,652 7,667 2% Services and Supplies 50 5 10% 50 5 10% Expenses Total 1,880,681 5 0% 878,202 7,672 1% 505 PARKING SYSTEM FUND Revenue Charges for Services 8,980,000 716,624 8% 8,420,000 825,731 10% Interest Income 40,000 8,151 20% 25,000 11,292 45% Intergovernmental Revenue 1,100,000 0 0% Licenses, Permits and Fees 300,000 0 0% Other Revenue 538,900 12,875 2% 422,900 17,410 4% Revenue Total 9,858,900 737,650 7% 9,967,900 854,433 9% Expenses Capital Outlay 2,425,000 0 0% 0 0 Debt Service 76,900 0 0% 79,150 0 0% Insurance and Other Chargebacks 369,077 30,756 8% 369,077 30,756 8% Interfund Transfers 3,180,390 265,032 8% 3,180,390 265,032 8% Salary and Benefits 1,310,682 92,040 7% 1,582,397 62,446 4% Services and Supplies 4,521,650 258,684 6% 4,220,350 293,906 7% Expenses Total 11,883,699 646,512 5% 9,431,364 652,140 7% City of Evanston Monthly Financial Details January 2025 Page 16 Funds 2025 Budget 2025 YTD Actual % of Budget 2024 Budget 2024 YTD Actual % of Budget 510 WATER FUND Revenue Charges for Services 28,625,100 2,152,574 8% 25,259,051 1,802,350 7% Interest Income 150,000 55,125 37% 70,000 52,950 76% Licenses, Permits and Fees 50,000 0 0% 50,000 6,619 13% Other Revenue 35,718,235 3,838,706 11% 66,234,150 -53,620 0% Revenue Total 64,543,335 6,046,406 9% 91,613,201 1,808,299 2% Expenses Capital Outlay 37,825,905 0 0% 58,470,500 0 0% Contingencies 1,000 0 0% Debt Service 6,395,895 292,322 5% 4,826,609 289,908 6% Insurance and Other Chargebacks 1,665,135 138,761 8% 1,665,135 140,575 8% Interfund Transfers 4,363,000 363,584 8% 4,363,000 363,584 8% Miscellaneous 10,000 0 0% Salary and Benefits 7,478,277 504,149 7% 7,936,849 235,074 3% Services and Supplies 11,060,370 48,750 0% 10,284,310 12,991 0% Expenses Total 68,788,582 1,347,566 2% 87,557,403 1,042,131 1% 515 SEWER FUND Revenue Charges for Services 8,080,000 673,658 8% 10,229,424 641,573 6% Interest Income 80,000 11,730 15% 25,000 10,179 41% Other Revenue 1,000 0 0% 1,000 4,990 499% Revenue Total 8,161,000 685,388 8% 10,255,424 656,743 6% Expenses Capital Outlay 3,820,000 0 0% 2,950,000 0 0% Debt Service 2,668,164 19,461 1% 3,550,270 19,461 1% Insurance and Other Chargebacks 369,800 30,817 8% 369,800 30,817 8% Interfund Transfers 1,642,251 136,854 8% 1,271,321 105,943 8% Salary and Benefits 1,444,286 86,117 6% 1,546,276 45,480 3% Services and Supplies 538,500 3,132 1% 1,718,600 341 0% Expenses Total 10,483,001 276,381 3% 11,406,267 202,042 2% City of Evanston Monthly Financial Details January 2025 Page 17 Funds 2025 Budget 2025 YTD Actual % of Budget 2024 Budget 2024 YTD Actual % of Budget 520 SOLID WASTE FUND Revenue Charges for Services 5,267,000 331,202 6% 4,902,674 308,219 6% Interest Income 3,000 3,730 124% 3,000 2,327 78% Interfund Transfers 100,000 0 0% 100,000 0 0% Licenses, Permits and Fees 351,000 264 0% 375,000 104 0% Other Revenue 39,350 386 1% 38,000 341 1% Property Taxes 950,000 0 0% 1,332,500 0 0% Revenue Total 6,710,350 335,583 5% 6,751,174 310,991 5% Expenses Capital Outlay 825,000 734 0% 850,000 0 0% Interfund Transfers 418,600 34,883 8% 418,600 34,883 8% Miscellaneous 30,000 0 0% 30,000 0 0% Salary and Benefits 1,858,244 126,016 7% 1,893,717 64,942 3% Services and Supplies 3,793,214 3,587 0% 4,081,466 78 0% Expenses Total 6,925,058 165,220 2% 7,273,783 99,903 1% 600 FLEET SERVICES FUND Revenue Charges for Services 4,216,140 351,344 8% 4,216,140 351,344 8% Interest Income 1,000 437 44% 1,000 0 0% Other Revenue 44,000 0 0% 44,000 0 0% Revenue Total 4,261,140 351,781 8% 4,261,140 351,344 8% Expenses Salary and Benefits 1,715,375 118,797 7% 1,624,232 65,153 4% Services and Supplies 2,488,890 34,078 1% 2,588,890 800 0% Expenses Total 4,204,265 152,875 4% 4,213,122 65,953 2% 601 EQUIPMENT REPLACEMENT FUND Revenue Charges for Services 874,885 72,907 8% 754,885 62,907 8% Interest Income 2,000 4,560 228% 2,000 4,625 231% Interfund Transfers 1,500,000 0 0% Intergovernmental Revenue 1,250,000 0 0% Other Revenue 50,000 2,968 6% 25,000 0 0% Revenue Total 2,426,885 80,434 3% 2,031,885 67,532 3% Expenses Capital Outlay 5,296,912 3,499 0% 3,365,167 0 0% Services and Supplies 200,000 106 0% 0 74 Expenses Total 5,496,912 3,605 0% 3,365,167 74 0% City of Evanston Monthly Financial Details January 2025 Page 18 Funds 2025 Budget 2025 YTD Actual % of Budget 2024 Budget 2024 YTD Actual % of Budget 605 INSURANCE FUND Revenue Charges for Services 0 167 Insurance 10,175,654 643,882 6% 10,098,091 689,850 7% Interest Income 0 7,166 0 9,064 Other Revenue 12,180,000 510,391 4% 12,859,571 470,489 4% Workers Compensation and Liability 886,000 71,489 8% 886,000 62,422 7% Revenue Total 23,241,654 1,233,094 5% 23,843,662 1,231,825 5% Expenses Insurance and Other Chargebacks 18,412,500 1,557,621 8% 19,330,965 1,477,353 8% Salary and Benefits 193 347 180% 3,805 478 13% Services and Supplies 3,961,000 1,930,785 49% 3,660,000 1,585,674 43% Expenses Total 22,373,693 3,488,753 16% 22,994,770 3,063,505 13% City of Evanston Monthly Financial Details January 2025 Page 19