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HomeMy WebLinkAbout2025.02 February Monthly Report Memorandum To: Luke Stowe, City Manager From: Hitesh Desai, CFO/City Treasurer Subject: February 2025 Monthly Financial Report Date: March 31, 2025 Please find attached the financial statements as of February 28, 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 February 28, 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 February 28, 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 (as of February 28, 2025) Page 2 Section 2 - General Fund Revenues and Expenses The unaudited financials as of February 28, 2025 show the General Fund with a fund balance of $51,400,011 and a cash balance of $47,714,921. 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 February allocations until May 2025. The City has begun receiving the first installment property tax payments, which are due on March 4, 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). Table 2 FY 2025 General Fund Actual Revenues (through February 28, 2025) *This figure EXCLUDES the $1.0M budgeted for the Reparations Fund. The Reparations Fund has received $322,308 (32%) Real Estate Transfer Tax (RETT) revenue through February 28, 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 February 28, 2025, Police has spent 16% of budgeted overtime and Fire has spent 15% of budgeted overtime. Table 4 FY 2025 Police and Fire Overtime YTD Expenses Page 4 Section 3 - Enterprise Funds Parking Fund Through February 28, 2025, the Parking Fund is showing a fund balance of $2,832,666 and a cash balance of $2,183,830. Water Fund Through February 28, 2025, the Water Fund is showing a fund balance of $20,886,683 and a cash balance of $15,765,776. A significant portion of this fund balance are 2024 bond proceeds which the City continues to spend down on capital projects. Sewer Fund Through February 28, 2025, the Sewer Fund is showing a fund balance of $11,582,812 and a cash balance of $10,187,800. Solid Waste Fund Through February 28, 2025, the Solid Waste Fund is showing a fund balance of $3,698,337 and a cash balance of $2,529,993. Section 4 - Other Funds Capital Improvements Fund Through February 28, 2025, the CIP Fund is showing a fund balance of ($7,182,392) and a cash balance of ($1,663,998). 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 February 28, 2025, the Fleet Fund is showing a fund balance of $1,934,998 and a cash balance of $306,400. The difference between cash and fund balance is primarily due to inventory on hand. Insurance Fund Through February 28, 2025, the Insurance Fund is showing a fund balance of $2,671,361 and a cash balance of $4,436,738. Page 5 Funds FY 2025 Budget FY 2025 Actual YTD % of Budget FY 2024 Budget FY 2024 Actual YTD % of Budget 100 GENERAL FUND Revenue Charges for Services 12,765,709 3,236,693 25% 11,655,200 2,711,263 23% Fines and Forfeitures 4,375,000 571,899 13% 3,725,000 551,344 15% Interest Income 750,000 456,736 61% 500,000 294,535 59% Interfund Transfers 10,031,740 1,421,956 14% 9,623,390 1,353,898 14% Intergovernmental Revenue 4,404,334 523,447 12% 3,966,034 604,892 15% Licenses, Permits and Fees 9,597,300 4,613,754 48% 7,336,450 2,001,297 27% Other Revenue 1,849,000 215,393 12% 1,301,500 184,199 14% Other Taxes 67,015,000 8,769,675 13% 66,300,000 8,749,658 13% Property Taxes 29,439,902 5,785,048 20% 29,047,402 4,224,311 15% Revenue Total 140,227,985 25,594,601 18% 133,454,976 20,675,397 15% Expenses Capital Outlay 398,978 10,303 3% 272,000 2,715,501 998% 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 4,082,245 12% 29,518,684 3,203,829 11% Interfund Transfers 4,457,100 726,182 16% 4,887,100 717,016 15% Miscellaneous 1,029,798 376,365 37% 1,545,213 30,035 2% Salary and Benefits 91,592,836 15,406,965 17% 88,012,393 11,471,310 13% Services and Supplies 19,948,946 1,998,100 10% 19,446,153 1,558,264 8% Expenses Total 151,278,402 22,600,611 15% 143,927,543 19,696,036 14% 170 AMERICAN RESCUE PLAN Revenue Interest Income 650,000 147,815 23% 50,000 268,945 538% Other Revenue 0 (20,189) 0 8,728 Revenue Total 650,000 127,626 20% 50,000 277,673 555% Expenses Capital Outlay 2,431,300 217,006 9% 10,188,900 126,232 1% Community Sponsored Organizations 2,542,000 5,000 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 98,688 1% 10,294,191 (99,155) -1% Salary and Benefits 115,871 0 0% Services and Supplies 2,977,080 9,922 0% 3,275,000 28,032 1% Expenses Total 18,062,975 330,617 2% 25,108,091 55,109 0% City of Evanston Monthly Financial Details February 2025 Page 6 Funds FY 2025 Budget FY 2025 Actual YTD % of Budget FY 2024 Budget FY 2024 Actual YTD % of Budget 175 GENERAL ASSISTANCE FUND Revenue Interest Income 1,000 10,205 1020% 1,000 12,294 1229% Other Revenue 27,500 0 0% 27,500 3,766 14% Property Taxes 750,000 184,991 25% 1,050,000 165,123 16% Revenue Total 778,500 195,196 25% 1,078,500 181,184 17% Expenses Miscellaneous 7,000 1,045 15% 7,000 0 0% Salary and Benefits 560,420 84,861 15% 539,408 68,057 13% Services and Supplies 775,500 121,175 16% 874,482 91,079 10% Expenses Total 1,342,920 207,080 15% 1,420,890 159,136 11% 176 HUMAN SERVICES FUND Revenue Interest Income 6,000 5,018 84% 6,000 9,511 159% Intergovernmental Revenue 335,000 29,538 9% 114,000 219,077 192% 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 34,556 1% 3,500,000 228,588 7% Expenses Community Sponsored Organizations 60,000 0 0% 60,000 7,660 13% Miscellaneous 210,000 20,564 10% 210,000 6,131 3% Salary and Benefits 3,288,979 454,326 14% 2,654,369 306,804 12% Services and Supplies 2,801,998 26,539 1% 2,334,063 21,176 1% Expenses Total 6,360,977 501,430 8% 5,258,432 341,771 6% 177 REPARATIONS FUND Revenue Interest Income 2,500 707 28% 2,500 11,614 465% Intergovernmental Revenue 100,000 0 0% 100,000 0 0% Other Revenue 0 424 Other Taxes 1,200,000 322,308 27% 1,400,000 216,749 15% Revenue Total 1,302,500 323,015 25% 1,502,500 228,787 15% Expenses Miscellaneous 1,200,000 61,100 5% 3,400,000 270,581 8% Services and Supplies 101,000 378 0% 101,000 8,535 8% Expenses Total 1,301,000 61,478 5% 3,501,000 279,116 8% City of Evanston Monthly Financial Details February 2025 Page 7 Funds FY 2025 Budget FY 2025 Actual YTD % of Budget FY 2024 Budget FY 2024 Actual YTD % of Budget 178 SUSTAINABILITY FUND Revenue Fines and Forfeitures 10,000 0 0% Interest Income 2,000 3,419 171% 2,000 4,451 223% Interfund Transfers 800,000 50,000 6% 700,000 33,334 5% Intergovernmental Revenue 260,000 0 0% 10,000 0 0% Licenses, Permits and Fees 0 86,088 500,000 81,998 16% Other Revenue 500,000 0 0% 650,000 0 0% Revenue Total 1,572,000 139,507 9% 1,862,000 119,783 6% Expenses Community Sponsored Organizations 500,000 0 0% 500,000 0 0% Miscellaneous 190,000 2,180 1% 525,000 0 0% Salary and Benefits 400,513 42,791 11% 250,368 28,712 11% Services and Supplies 616,000 3,455 1% 725,120 2,080 0% Expenses Total 1,706,513 48,426 3% 2,000,488 30,791 2% 180 GOOD NEIGHBOR FUND Revenue Interest Income 0 3,072 1,000 1,025 102% Other Revenue 3,000,000 0 0% 3,000,000 0 0% Revenue Total 3,000,000 3,072 0% 3,001,000 1,025 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 77 0 23 Expenses Total 3,164,000 77 0% 3,314,000 23 0% City of Evanston Monthly Financial Details February 2025 Page 8 Funds FY 2025 Budget FY 2025 Actual YTD % of Budget FY 2024 Budget FY 2024 Actual YTD % of Budget 185 LIBRARY FUND Revenue Charges for Services 1,000 27 3% 400 1,368 342% Interest Income 25,000 46,981 188% 25,000 42,197 169% Interfund Transfers 173,750 0 0% 216,999 0 0% Intergovernmental Revenue 155,000 13,480 9% 200,213 8,451 4% Library Revenue 82,000 13,332 16% 109,394 11,179 10% Other Revenue 402,000 68,913 17% 405,000 8,672 2% Property Taxes 8,624,347 1,418,379 16% 8,213,664 953,968 12% Revenue Total 9,463,097 1,561,112 16% 9,170,670 1,025,834 11% Expenses Capital Outlay 2,000 0 0% 3,500 0 0% Insurance and Other Chargebacks 0 168 Interfund Transfers 360,325 753,618 209% 360,325 60,052 17% Salary and Benefits 7,497,302 1,008,047 13% 7,264,128 690,700 10% Services and Supplies 2,147,619 218,377 10% 2,313,194 209,699 9% Expenses Total 10,007,246 1,980,042 20% 9,941,147 960,619 10% 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 Interfund Transfers 0 693,564 Other Revenue 1,900,000 0 0% 550,000 0 0% Revenue Total 1,900,000 693,564 37% 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 February 2025 Page 9 Funds FY 2025 Budget FY 2025 Actual YTD % of Budget FY 2024 Budget FY 2024 Actual YTD % of Budget 200 MOTOR FUEL TAX FUND Revenue Interest Income 50,000 54,496 109% 15,000 58,715 391% Intergovernmental Revenue 3,300,000 579,448 18% 2,986,239 565,246 19% Revenue Total 3,350,000 633,944 19% 3,001,239 623,960 21% Expenses Capital Outlay 4,469,650 0 0% 4,405,000 0 0% Salary and Benefits 325,000 0 0% Services and Supplies 1,890,000 178,081 9% 1,890,000 201,878 11% Expenses Total 6,359,650 178,081 3% 6,620,000 201,878 3% 205 EMERGENCY TELEPHONE (E911) FUND Revenue Interest Income 15,000 2,681 18% 7,000 6,051 86% Other Taxes 1,450,000 104,404 7% 1,450,000 120,253 8% Revenue Total 1,465,000 107,085 7%1,457,000 126,305 9% Expenses Capital Outlay 445,000 16,500 4% 480,000 886 0% Insurance and Other Chargebacks 19,142 3,190 17% 19,142 3,190 17% Interfund Transfers 100,000 16,666 17% 100,000 16,666 17% Salary and Benefits 903,749 150,048 17% 810,331 86,582 11% Services and Supplies 394,950 44,483 11% 368,350 37,877 10% Expenses Total 1,862,841 230,887 12% 1,777,823 145,201 8% 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 11 0 3,471 Property Taxes 642,145 81,912 13% 592,665 51,655 9% Revenue Total 642,145 81,923 13% 592,665 55,126 9% 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 February 2025 Page 10 Funds FY 2025 Budget FY 2025 Actual YTD % of Budget FY 2024 Budget FY 2024 Actual YTD % of Budget 215 CDBG FUND Revenue Interest Income 0 654 0 489 Intergovernmental Revenue 2,616,400 0 0% 3,068,463 0 0% Revenue Total 2,616,400 654 0% 3,068,463 489 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 48,837 15% 681,559 60,991 9% Services and Supplies 110,650 161 0% 17,480 1 0% Expenses Total 3,788,998 48,998 1% 3,115,538 67,462 2% 220 CDBG LOAN FUND Revenue Interest Income 5,000 2,974 59% 5,000 4,760 95% Other Revenue 301,565 1,745 1% 443,121 1,460 0% Revenue Total 306,565 4,719 2% 448,121 6,221 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 68 0 124 Revenue Total 0 68 0 124 Expenses Services and Supplies 0 1 Expenses Total 0 1 240 HOME FUND Revenue Interest Income 150 177 118% 150 81 54% Intergovernmental Revenue 2,256,469 0 0% 2,345,000 0 0% Other Revenue 25,000 4,564 18% 25,000 6,721 27% Revenue Total 2,281,619 4,741 0% 2,370,150 6,802 0% Expenses Insurance and Other Chargebacks 1,150,000 0 0% 1,150,000 0 0% Miscellaneous 2,000 0 0% 2,000 207 10% Salary and Benefits 42,847 5,965 14% 68,137 7,155 11% Services and Supplies 1,081,065 10 0% 801,065 10 0% Expenses Total 2,275,912 5,976 0% 2,021,202 7,372 0% City of Evanston Monthly Financial Details February 2025 Page 11 Funds FY 2025 Budget FY 2025 Actual YTD % of Budget FY 2024 Budget FY 2024 Actual YTD % of Budget 250 AFFORDABLE HOUSING FUND Revenue Interest Income 40,000 33,545 84% 8,000 27,677 346% Interfund Transfers 1,000,000 0 0% 1,000,000 0 0% Intergovernmental Revenue 145,000 0 0% Other Revenue 130,000 32,083 25% 130,000 32,500 25% Other Taxes 50,000 0 0% 50,000 0 0% Revenue Total 1,220,000 65,629 5% 1,333,000 60,177 5% 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 1,431 0% Salary and Benefits 175,980 14,364 8% 41,038 7,155 17% Services and Supplies 1,185,000 5,010 0% 1,670,000 10 0% Expenses Total 2,362,480 19,374 1% 2,927,538 8,596 0% 320 DEBT SERVICE FUND Revenue Interest Income 10,000 69,287 693% 10,000 10,408 104% Interfund Transfers 1,822,547 265,320 15% 2,693,941 268,382 10% Other Revenue 1,393,221 0 0% 0 399 Property Taxes 12,766,093 2,331,340 18% 12,766,093 1,720,175 13% Revenue Total 15,991,861 2,665,947 17% 15,470,034 1,999,364 13% Expenses Debt Service 15,981,861 0 0% 15,460,034 0 0% Interfund Transfers 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 1,424 12% 10,000 19,277 193% Other Revenue 0 7,000 5,000 3,500 70% Property Taxes 1,336,000 16,692 1% 1,100,000 27,253 2% Revenue Total 1,348,000 25,116 2% 1,115,000 50,030 4% Expenses Capital Outlay 100,000 0 0% 50,000 0 0% Interfund Transfers 343,913 57,318 17% 363,513 60,586 17% Miscellaneous 350,000 0 0% Services and Supplies 63,500 0 0% 65,000 1,824 3% Expenses Total 857,413 57,318 7% 478,513 62,410 13% City of Evanston Monthly Financial Details February 2025 Page 12 Funds FY 2025 Budget FY 2025 Actual YTD % of Budget FY 2024 Budget FY 2024 Actual YTD % of Budget 335 WEST EVANSTON TIF FUND Revenue Interest Income 6,000 1,971 33% 5,000 27,298 546% Property Taxes 2,211,000 369,513 17% 1,450,000 268,951 19% Revenue Total 2,217,000 371,484 17% 1,455,000 296,249 20% Expenses Capital Outlay 1,560,790 67,949 4% 3,315,000 0 0% Interfund Transfers 110,550 18,426 17% 75,000 12,500 17% Miscellaneous 52,000 12,000 23% 12,000 0 0% Services and Supplies 1,100,000 4 0% 1,005,000 79,952 8% Expenses Total 2,823,340 98,379 3% 4,407,000 92,452 2% 340 DEMPSTER-DODGE TIF FUND Revenue Interest Income 3,000 747 25% 1,000 6,674 667% Property Taxes 488,000 0 0% 180,000 0 0% Revenue Total 491,000 747 0% 181,000 6,674 4% Expenses Interfund Transfers 193,343 32,224 17% 176,857 29,476 17% Miscellaneous 10,000 0 0% Services and Supplies 2,000 0 0% 2,000 356 18% Expenses Total 205,343 32,224 16% 178,857 29,832 17% 345 CHICAGO-MAIN TIF Revenue Interest Income 10,000 684 7% 5,000 23,379 468% Other Revenue 1,880,000 0 0% Property Taxes 1,295,000 76,775 6% 1,000,000 40,716 4% Revenue Total 1,305,000 77,459 6% 2,885,000 64,095 2% Expenses Capital Outlay 260,000 0 0% 260,000 0 0% Interfund Transfers 307,990 51,332 17% 272,480 45,414 17% Miscellaneous 540,000 2,870 1% 250,000 0 0% Services and Supplies 50,010 1 0% 15,010 1,765 12% Expenses Total 1,158,000 54,203 5% 797,490 47,179 6% City of Evanston Monthly Financial Details February 2025 Page 13 Funds FY 2025 Budget FY 2025 Actual YTD % of Budget FY 2024 Budget FY 2024 Actual YTD % of Budget 350 SPECIAL SERVICE AREA (SSA) #6 Revenue Interest Income 250 214 85% 250 3,367 1347% Property Taxes 221,000 40,146 18% 221,000 41,666 19% Revenue Total 221,250 40,359 18% 221,250 45,033 20% 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 16 8% 200 804 402% Property Taxes 142,000 36,750 26% 142,000 19,863 14% Revenue Total 142,200 36,766 26% 142,200 20,667 15% 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 7 0 367 Property Taxes 60,200 7,386 12% 60,200 11,003 18% Revenue Total 60,200 7,392 12% 60,200 11,370 19% 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 February 2025 Page 14 Funds FY 2025 Budget FY 2025 Actual YTD % of Budget FY 2024 Budget FY 2024 Actual YTD % of Budget 365 FIVE FIFTH TIF FUND Revenue Interest Income 1,000 666 67% Property Taxes 1,477,000 186,723 13% 0 64,124 Revenue Total 1,478,000 187,389 13% 0 64,124 Expenses Capital Outlay 140,520 0 0% Interfund Transfers 73,850 12,308 17% Miscellaneous 60,000 17 0% Services and Supplies 950,000 0 0% 100,000 356 0% Expenses Total 1,224,370 12,325 1% 100,000 356 0% 415 CAPITAL IMPROVEMENTS FUND Revenue Interest Income 75,000 42,015 56% 0 36,361 Intergovernmental Revenue 5,027,000 400,000 8% 1,470,000 276,325 19% Licenses, Permits and Fees 0 10,843 Other Revenue 21,225,000 123,457 1% 23,283,500 6,966 0% Revenue Total 26,327,000 576,314 2% 24,753,500 319,652 1% Expenses Capital Outlay 24,532,000 483,207 2% 23,358,500 1,328,291 6% Services and Supplies 1,690,000 27,428 2% 1,860,000 78,036 4% Expenses Total 26,222,000 510,635 2% 25,218,500 1,406,328 6% 416 CROWN CONSTRUCTION FUND Revenue Interest Income 10,000 10,546 105% 10,000 27,736 277% Other Revenue 1,000,000 11,337 1% 1,000,000 (1,927) 0% Revenue Total 1,010,000 21,883 2% 1,010,000 25,809 3% Expenses Capital Outlay 200,000 0 0% 200,000 0 0% Interfund Transfers 588,369 98,062 17% 619,118 103,186 17% Services and Supplies 60 10 17% 60 10 17% Expenses Total 788,429 98,072 12% 819,178 103,196 13% 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 0% 175,000 0 0% Expenses Total 175,000 0 0% 175,000 0 0% City of Evanston Monthly Financial Details February 2025 Page 15 Funds FY 2025 Budget FY 2025 Actual YTD % of Budget FY 2024 Budget FY 2024 Actual YTD % of Budget 420 SPECIAL ASSESSMENT FUND Revenue Interest Income 20,000 9,810 49% 35,000 7,450 21% Other Taxes 200,000 45,732 23% 125,000 73,569 59% Revenue Total 220,000 55,541 25% 160,000 81,019 51% Expenses Capital Outlay 1,650,000 0 0% 452,500 0 0% Interfund Transfers 230,631 0 0% 425,652 15,334 4% Services and Supplies 50 10 20% 50 10 20% Expenses Total 1,880,681 10 0% 878,202 15,344 2% 505 PARKING SYSTEM FUND Revenue Charges for Services 8,980,000 1,496,176 17% 8,420,000 1,438,385 17% Interest Income 40,000 15,332 38% 25,000 19,465 78% Intergovernmental Revenue 1,100,000 0 0% Licenses, Permits and Fees 300,000 0 0% Other Revenue 538,900 54,241 10% 422,900 42,005 10% Revenue Total 9,858,900 1,565,749 16% 9,967,900 1,499,855 15% 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 61,512 17% 369,077 61,512 17% Interfund Transfers 3,180,390 530,064 17% 3,180,390 530,064 17% Salary and Benefits 1,310,682 196,711 15% 1,582,397 188,524 12% Services and Supplies 4,521,650 585,112 13% 4,220,350 584,168 14% Expenses Total 11,883,699 1,373,399 12% 9,431,364 1,364,268 14% City of Evanston Monthly Financial Details February 2025 Page 16 Funds FY 2025 Budget FY 2025 Actual YTD % of Budget FY 2024 Budget FY 2024 Actual YTD % of Budget 510 WATER FUND Revenue Charges for Services 28,625,100 4,211,996 15% 25,259,051 3,372,153 13% Interest Income 150,000 77,341 52% 70,000 56,672 81% Licenses, Permits and Fees 50,000 0 0% 50,000 13,059 26% Other Revenue 35,718,235 8,492,003 24% 66,234,150 (52,661) 0% Revenue Total 64,543,335 12,781,340 20% 91,613,201 3,389,224 4% Expenses Capital Outlay 37,825,905 398,198 1% 58,470,500 236,868 0% Contingencies 1,000 0 0% Debt Service 6,395,895 292,322 5% 4,826,609 289,908 6% Insurance and Other Chargebacks 1,665,135 277,522 17% 1,665,135 280,696 17% Interfund Transfers 4,363,000 727,168 17% 4,363,000 727,168 17% Miscellaneous 10,000 0 0% Salary and Benefits 7,478,277 1,089,664 15% 7,936,849 734,862 9% Services and Supplies 11,060,370 484,052 4% 10,284,310 229,962 2% Expenses Total 68,788,582 3,268,926 5% 87,557,403 2,499,464 3% 515 SEWER FUND Revenue Charges for Services 8,080,000 1,327,738 16% 10,229,424 1,226,055 12% Interest Income 80,000 35,616 45% 25,000 19,237 77% Other Revenue 1,000 0 0% 1,000 1,016 102% Revenue Total 8,161,000 1,363,354 17% 10,255,424 1,246,308 12% Expenses Capital Outlay 3,820,000 0 0% 2,950,000 0 0% Debt Service 2,668,164 19,461 1% 3,550,270 147,989 4% Insurance and Other Chargebacks 369,800 61,634 17% 369,800 61,634 17% Interfund Transfers 1,642,251 273,708 17% 1,271,321 211,886 17% Salary and Benefits 1,444,286 191,430 13% 1,546,276 158,384 10% Services and Supplies 538,500 6,068 1% 1,718,600 3,811 0% Expenses Total 10,483,001 552,300 5% 11,406,267 583,704 5% City of Evanston Monthly Financial Details February 2025 Page 17 Funds FY 2025 Budget FY 2025 Actual YTD % of Budget FY 2024 Budget FY 2024 Actual YTD % of Budget 520 SOLID WASTE FUND Revenue Charges for Services 5,267,000 673,664 13% 4,902,674 615,173 13% Interest Income 3,000 9,423 314% 3,000 3,359 112% Interfund Transfers 100,000 0 0% 100,000 0 0% Licenses, Permits and Fees 351,000 82,166 23% 375,000 153,580 41% Other Revenue 39,350 1,453 4% 38,000 1,007 3% Property Taxes 950,000 0 0% 1,332,500 0 0% Revenue Total 6,710,350 766,706 11% 6,751,174 773,120 11% Expenses Capital Outlay 825,000 19,164 2% 850,000 370 0% Interfund Transfers 418,600 69,766 17% 418,600 69,766 17% Miscellaneous 30,000 1,590 5% 30,000 73 0% Salary and Benefits 1,858,244 273,076 15% 1,893,717 197,903 10% Services and Supplies 3,793,214 426,067 11% 4,081,466 537,859 13% Expenses Total 6,925,058 789,663 11% 7,273,783 805,971 11% 600 FLEET SERVICES FUND Revenue Charges for Services 4,216,140 702,688 17% 4,216,140 702,688 17% Interest Income 1,000 660 66% 1,000 0 0% Other Revenue 44,000 11,739 27% 44,000 347 1% Revenue Total 4,261,140 715,088 17% 4,261,140 703,035 16% Expenses Capital Outlay 0 780 Salary and Benefits 1,715,375 257,294 15% 1,624,232 191,125 12% Services and Supplies 2,488,890 186,517 7% 2,588,890 155,249 6% Expenses Total 4,204,265 443,811 11% 4,213,122 347,154 8% 601 EQUIPMENT REPLACEMENT FUND Revenue Charges for Services 874,885 145,814 17% 754,885 125,814 17% Interest Income 2,000 10,473 524% 2,000 6,548 327% Interfund Transfers 1,500,000 0 0% Intergovernmental Revenue 1,250,000 0 0% Other Revenue 50,000 0 0% 25,000 21,400 86% Revenue Total 2,426,885 156,287 6% 2,031,885 153,762 8% Expenses Capital Outlay 5,296,912 274,843 5% 3,365,167 0 0% Services and Supplies 200,000 261 0% 0 143 Expenses Total 5,496,912 275,104 5% 3,365,167 143 0% City of Evanston Monthly Financial Details February 2025 Page 18 Funds FY 2025 Budget FY 2025 Actual YTD % of Budget FY 2024 Budget FY 2024 Actual YTD % of Budget 605 INSURANCE FUND Revenue Charges for Services 0 167 0 814 Insurance 10,175,654 1,490,135 15% 10,098,091 1,515,384 15% Interest Income 0 10,962 0 10,501 Other Revenue 12,180,000 1,521,354 12% 12,859,571 1,412,682 11% Workers Compensation and Liability 886,000 139,072 16% 886,000 130,079 15% Revenue Total 23,241,654 3,161,691 14% 23,843,662 3,069,460 13% Expenses Insurance and Other Chargebacks 18,412,500 3,090,223 17% 19,330,965 2,908,332 15% Salary and Benefits 193 783 405% 3,805 984 26% Services and Supplies 3,961,000 2,006,364 51% 3,660,000 1,655,466 45% Expenses Total 22,373,693 5,097,370 23% 22,994,770 4,564,782 20% City of Evanston Monthly Financial Details February 2025 Page 19