HomeMy WebLinkAbout2019.08 August Monthly Report
To: Erika Storlie, Interim City Manager
From: Hitesh Desai, CFO/City Treasurer
Kate Lewis-Lakin, Budget Coordinator
Subject: August 2019 Monthly Financial Report
Date: October 7, 2019
Please find attached the unaudited financial statements as of August 31, 2019. A
summary by fund for revenues, expenditures, fund and cash balances is as follows:
August 2019 Revenue Expense Net Fund Balance Cash Balance
100 GENERAL FUND 88,132,794 80,492,733 7,640,062 21,272,425 15,561,077
175 GENERAL ASSISTANCE FUND 924,198 788,312 135,887 737,580 737,580
176 HEALTH AND HUMAN SERVICES 575,729 473,777 101,952 115,597 115,597
180 GOOD NEIGHBOR FUND 1,003,433 516,511 486,922 491,524 491,524
185 LIBRARY FUND 7,175,279 4,711,378 2,463,902 3,967,057 3,966,962
186 LIBRARY DEBT SERVICE FUND 350,000 85,438 264,562 269,143 269,143
187 LIBRARY CAPITAL IMPROVEMENT FD 1,893,266 1,505,009 388,256 1,356,806 1,356,806
200 MOTOR FUEL TAX FUND 1,269,247 972,158 297,089 2,333,144 2,171,362
205 EMERGENCY TELEPHONE (E911) FUND 862,353 650,652 211,702 973,767 731,106
210 SPECIAL SERVICE AREA (SSA) #4 446,938 262,500 184,438 (42,398) (42,398)
215 CDBG FUND 535,173 573,615 (38,441) 24,912 24,912
220 CDBG LOAN FUND 97,426 - 97,426 270,619 270,619
235 NEIGHBORHOOD IMPROVEMENT 610 84 526 171,600 171,600
240 HOME FUND 142,028 144,205 (2,177) 5,147 5,147
250 AFFORDABLE HOUSING FUND 394,284 142,017 252,267 1,617,422 1,716,076
320 DEBT SERVICE FUND 13,160,337 2,565,049 10,595,288 11,013,269 11,089,137
330 HOWARD-RIDGE TIF FUND 735,259 248,511 486,748 2,703,610 2,705,879
335 WEST EVANSTON TIF FUND 710,929 631,210 79,719 700,100 700,100
340 DEMPSTER-DODGE TIF FUND 124,156 47,248 76,908 131,751 131,751
345 CHICAGO-MAIN TIF 606,081 67,079 539,002 712,912 712,912
350 SPECIAL SERVICE AREA (SSA) #6 223,999 1 223,998 227,097 227,097
415 CAPITAL IMPROVEMENTS FUND 9,714,915 5,215,432 4,499,483 18,397,731 19,766,918
416 CROWN CONSTRUCTION FUND 23,098,865 11,969,200 11,129,665 28,655,200 27,639,591
420 SPECIAL ASSESSMENT FUND 437,602 196,746 240,857 2,861,646 2,860,983
505 PARKING SYSTEM FUND 6,696,893 6,760,990 (64,097) 3,045,258 3,169,603
510 WATER FUND 20,937,634 16,004,851 4,932,783 10,433,525 8,876,439
515 SEWER FUND 8,397,688 7,335,181 1,062,506 5,452,566 3,546,715
520 SOLID WASTE FUND 3,699,057 3,266,293 432,764 (671,250) (943,762)
600 FLEET SERVICES FUND 1,978,300 1,962,545 15,755 246,971 (796,251)
601 EQUIPMENT REPLACEMENT FUND 890,161 1,186,062 (295,901) 715,397 715,397
605 INSURANCE FUND 12,783,318 14,990,734 (2,207,416) (11,001,264) (6,682,064)
Grand Total 207,997,954 163,765,520 44,232,434 107,188,862 101,267,558
Memorandum
Included above are ending fund and cash balances as of August 31, 2019.
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.
As of August 31, 2019, fund balances have been updated to reflect audited 2018 ending
fund balances.
General Fund
The attached financials show General Fund revenues at 76.1% of budget and expenses at
70.5% of budget, compared to an 8-month target of 67%. Revenues are above target in a
number of areas. As of August 31, 98% of property tax revenue has been received, as
second installment bills were due on August 1. Licenses, Permits and Fees is above target
due to building permit revenue, and Charges for Services is high due to recreation fees
paid during the summer months.
Expenses are above target of 67% in some departments. Police and Fire show expenses
at 73.9% and 77.9% of budget, respectively. This is partially due to pension fund transfers
shown as expenses in the Police and Fire Departments. As shown in the table below, 97%
of pension property taxes have been received and transferred to pension funds. When
those transfers are removed, Police and Fire both show expense around 67% of budget.
2019 Budget 2019 YTD
% Actual to
Budget
Police Department
Total Expenses $38,737,094 $28,608,650 73.9%
Pension Fund Transfer $10,462,704 $10,244,195 97.9%
Expenses without Transfer $28,274,390 $18,364,455 65.0%
Fire Department
Total Expenses $24,379,850 $18,986,004 77.9%
Pension Fund Transfer $8,344,947 $8,100,549 97.1%
Expenses without Transfer $16,034,903 $10,885,455 67.9%
Overtime in Police and Fire are trending high, as shown in the table below.
Overtime Expenses 2018 Actual 2019 Budget 2019 YTD
% Actual to
Budget
Police $1,606,236 $959,106 $913,992 95.3%
Fire $1,007,263 $759,956 $934,856 123.0%
In the Police department, some of the additional overtime is reimbursed by businesses,
community groups, and Northwestern University. As of August 31, $301,491 had been
received in reimbursements for overtime and special details on a budget of $400,000.
Based on outstanding invoices and upcoming events, the department expects to receive
$600,000 in reimbursements for overtime by year end, exceeding the budgeted revenue
by at least $200,000. This fall, Northwestern University will reimburse the City for the
Police presence within Ryan Field and on the streets around the stadium.
The Fire Department has expended its budget for overtime due to multiple vacancies and
medical leaves, coupled with daily minimum staffing requirements. Through August 31, the
department had spent 63.5% of budget in Regular Pay, a savings of $220,000. The
department has recently filled some of those vacancies, and hopes that overtime spending
will slow down as the year continues. Revenue of $68,562 in overtime reimbursements
has also been received to offset some costs.
Multiple snow events in the first quarter of 2019 also contributed to high overtime spending
in Police, Fire, and the Public Works Agency (PWA). Based on past years’ trends, staff
predicts that poor weather in November and December could put snow-related expenses
$300,000 over budget. Staff will continue to monitor these expenses closely as well as
opportunities for savings in other areas.
Enterprise Funds
Parking fund revenues through August 31, 2019 are below target. Parking revenue tends
to be higher in the fall months and during Northwestern football season. Revenue
collected each month has increased since January and is expected to continue to increase
more during the fall. Expenses also remain well below target, due to the delay of some
capital projects to 2020.
Through August 31, 2019, the Water Fund appears low on revenue and expenses. This is
because the budget includes multiple large capital projects, with IEPA loan funding
budgeted in Other Revenue and expenses budgeted in Capital Outlay. This fund is
expected to end the year under budget in both revenue and expenses due to the delay of
some capital expenses to 2020.
The Water Fund revenues reflect payment from the Village of Skokie at the rate of $0.81
per 1000 gallons against the billed rate of $2.06 per 1000 gallons. This issue is currently
being challenged in the court.
Through August 31, 2019, the Sewer Fund also appears low on expenses due to capital
project budgets that will have spending continuing into the fall. These projects are also
primarily funded through IEPA loan financing, budgeted as Other Revenue.
Through August 31, 2019, the Solid Waste Fund has a negative fund balance of $671,250
and a negative cash balance of $943,762. The Solid Waste Fund has received 100% of
budgeted property tax revenue for the year.
Other Funds
Through August 31, 2019, the SSA #4 Fund is showing a negative fund and cash balance
of $42,398.
Through August 31, 2019, the CDBG Fund shows a positive fund and cash balance of
$24,912. This is thanks to receiving multiple months of owed reimbursements.
Through August 31, 2019, the Capital Improvements Fund is showing a fund balance of
$18,397,731 and a cash balance of $19,766,918. The fund continues to spend down
2019B bond proceeds received in June 2019.
Through August 31, 2019, the Crown Construction fund is showing fund balance of
$28,655,200 and cash balance of $27,639,591. A donation of $5 million from Friends of
the Robert Crown Center was received in May 2019, and proceeds from the 2019A bonds
were received in June. The fund continues to spend down balances from General
Obligation Bond proceeds.
Through August 31, 2019, the Insurance Fund is showing a negative fund balance of
$11,001,264 and a negative cash balance of $6,682,064. The fund had high expenses in
the first quarter from legal fees and settlements. Fund balance is significantly lower than
cash balance due to accrued liabilities for pending litigations.
If there are any questions on the attached report, please contact me by phone at (847)
448-8082 or by email: hdesai@cityofevanston.org. Detailed fund summary reports can be
found at: http://www.cityofevanston.org/city-budget/financial-reports/.
CERTIFICATION OF ATTACHED FINANCIAL REPORTS
As required per Illinois Statute 65 ILCS 5/3.1-35-45 I, Hitesh Desai, Treasurer of the City
of Evanston, hereby affirm that I have reviewed the August 31, 2019 year-to-date financial
information and reports which to the best of my knowledge appear accurate and complete.
January February March April May*June*July August
2019 Unreserved
Fund Balance 14,074,270$ 15,248,569$ 19,960,779$ 18,594,617$ 17,601,206$ 16,913,780$ 19,181,628$ 21,272,425$
2018 Unreserved
Fund Balance 16,512,558$ 15,306,742$ 17,933,253$ 17,384,626$ 18,479,429$ 15,488,721$ 17,279,434$ 18,345,522$
2019 Cash Balance 10,603,771$ 14,634,340$ 17,403,563$ 16,875,201$ 16,013,733$ 10,547,544$ 13,286,786$ 15,561,077$
2018 Cash Balance 8,905,448$ 8,120,225$ 12,288,418$ 11,184,339$ 12,226,888$ 9,006,016$ 10,816,697$ 12,252,460$
*May 2019 includes 3 payrolls. In 2018, June and December had 3 payrolls. November 2019 will also have 3 payrolls.
2018 v 2019 Fund and Cash Balance - General Fund
$-
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
2019 Unreserved Fund Balance
2018 Unreserved Fund Balance
2019 Cash Balance
2018 Cash Balance
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
100 GENERAL FUND Target = 67%
Revenue
Property Taxes 28,188,353 30,047,955 6,875,535 29,462,485 98.1%
Other Taxes 52,673,637 53,671,300 4,084,288 35,125,948 65.4%
Licenses, Permits and Fees 9,165,957 7,651,400 656,783 5,749,051 75.1%
Charges for Services 10,396,458 8,900,909 772,394 6,882,848 77.3%
Fines and Forfeitures 3,765,058 4,700,500 411,630 3,116,096 66.3%
Interest Income 94,681 55,100 29,214 135,647 246.2%
Intergovernmental Revenue 1,466,926 994,303 97,371 1,000,368 100.6%
Other Revenue 1,948,636 988,300 227,133 782,343 79.2%
Interfund Transfers 8,133,142 8,877,103 734,751 5,878,009 66.2%
Revenue Total 115,832,848 115,886,870 13,889,099 88,132,794 76.1%
Expenses
13 CITY COUNCIL 547,350 528,173 40,335 358,467 67.9%
14 CITY CLERK 217,987 180,704 14,398 156,089 86.4%
15 CITY MANAGER'S OFFICE 7,325,385 7,997,018 639,893 4,856,030 60.7%
17 LAW 688,728 646,183 39,084 425,201 65.8%
19 ADMINISTRATIVE SERVICES 9,222,431 9,483,577 686,849 6,016,074 63.4%
21 COMMUNITY DEVELOPMENT 3,579,836 3,480,360 227,614 1,960,590 56.3%
22 POLICE 39,403,536 38,737,094 4,546,009 28,608,650 73.9%
23 FIRE MGMT & SUPPORT 24,816,621 24,379,850 2,875,651 18,986,004 77.9%
24 HEALTH 3,187,980 3,190,606 239,846 1,925,461 60.3%
30 PARKS, REC. AND COMMUNITY SERV.12,901,743 12,297,508 1,537,891 8,375,568 68.1%
40 PUBLIC WORKS AGENCY 13,524,988 13,232,299 950,732 8,824,599 66.7%
Expenses Total 115,416,584 114,153,372 11,798,303 80,492,733 70.5%
Net 416,264 1,733,498 2,090,796 7,640,062
Beginning Fund Balance 13,216,099 13,632,363 13,632,363 Fund Balance %
Ending Fund Balance 13,632,363 15,365,861 21,272,425 18.6%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
505 PARKING SYSTEM FUND Target = 67%
Revenue
Licenses, Permits and Fees 2,798 1,405 100.0%
Charges for Services 6,299,952 10,343,855 985,887 6,449,131 62.3%
Interest Income 109,598 20,000 5,958 81,747 408.7%
Intergovernmental Revenue - - 0.0%
Other Revenue 337,563 202,020 23,113 164,611 81.5%
Interfund Transfers 3,037,704 - 0.0%
Revenue Total 9,787,615 10,565,875 1,014,958 6,696,893 63.4%
Expenses
Salary and Benefits 1,886,080 1,996,976 140,186 1,140,947 57.1%
Services and Supplies 3,887,706 3,546,775 286,770 2,150,225 60.6%
Insurance and Other Chargebacks 319,648 333,969 27,831 222,645 66.7%
Miscellaneous 231,879 304,000 51,535 17.0%
Contingencies 1,495 11,000 - 0.0%
Capital Outlay 81,227 3,510,000 191,877 1,086,551 31.0%
Interfund Transfers 1,440,417 3,512,807 263,567 2,108,538 60.0%
Debt Service 97,498 34,354 549 1.6%
Depreciation Expense 2,644,560 - 0.0%
Expenses Total 10,590,510 13,249,881 910,231 6,760,990 51.0%
Net (802,896) (2,684,006) 1,014,958 (64,097)
Beginning Fund Balance 3,912,251 3,109,355 3,109,355 Fund Balance %
Ending Fund Balance 3,109,355 425,349 3,045,258 23.0%
510-513 WATER FUND
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
Target = 67%
Revenue
Charges for Services 15,223,033 22,615,529 1,723,668 11,499,614 50.8%
Interest Income 255,928 40,000 65,412 451,370 1128.4%
Interfund Transfers 187,430 - 0.0%
Licenses, Permits and Fees 47,218 50,000 11,050 47,991 96.0%
Other Revenue 235,772 23,194,160 638,846 8,938,659 38.5%
Revenue Total 15,949,380 45,899,689 2,438,976 20,937,634 45.6%
Expenses
Salary and Benefits 5,804,716 5,533,772 430,430 3,643,984 65.8%
Services and Supplies 3,183,368 6,231,350 342,766 2,196,666 35.3%
Insurance and Other Chargebacks 470,397 489,481 42,723 330,158 67.5%
Capital Outlay 22,219 30,345,500 1,361,532 6,645,570 21.9%
Debt Service 819,926 2,081,841 565,930 27.2%
Interfund Transfers 3,682,309 3,932,313 327,693 2,621,542 66.7%
Miscellaneous - 42,000 - 0.0%
Contingencies - 1,000 1,000 100.0%
Depreciation Expense 2,581,863 - 0.0%
Expenses Total 16,564,798 48,657,257 2,505,144 16,004,851 32.9%
Net (615,417) (2,757,568) (66,167) 4,932,783
Beginning Fund Balance 6,116,159 5,500,742 5,500,742 Fund Balance %
Ending Fund Balance 5,500,742 2,743,174 10,433,525 21.4%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
515 SEWER FUND Target = 67%
Revenue
Charges for Services 11,919,244 10,483,885 1,238,914 7,338,848 70.0%
Interest Income 56,455 5,000 3,392 27,087 541.7%
Other Revenue 3,002 3,104,000 1,031,752 33.2%
Interfund Transfers 187,430 - 0.0%
Revenue Total 12,166,129 13,592,885 1,242,306 8,397,688 61.8%
Expenses
Salary and Benefits 1,400,023 1,354,512 104,042 858,224 63.4%
Services and Supplies 301,786 304,500 318,528 896,949 294.6%
Insurance and Other Chargebacks 269,988 282,083 23,507 188,055 66.7%
Miscellaneous 230 1,500 1,610 107.3%
Capital Outlay (654) 4,890,636 133,423 392,034 8.0%
Interfund Transfers 991,677 1,773,532 64,461 1,515,688 85.5%
Debt Service 959,123 6,148,475 128,528 3,482,621 56.6%
Depreciation Expense 3,615,269 - 0.0%
Expenses Total 7,537,442 14,755,238 772,489 7,335,181 49.7%
Net 4,628,687 (1,162,353) 469,817 1,062,506
Beginning Fund Balance (238,627) 4,390,060 4,390,060 Fund Balance %
Ending Fund Balance 4,390,060 3,227,707 5,452,566 37.0%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
520 SOLID WASTE FUND Target = 67%
Revenue
Property Taxes 410,000 820,000 410,000 820,000 100.0%
Charges for Services 3,672,193 4,239,270 287,862 2,572,593 60.7%
Other Revenue 124,222 138,000 3,867 76,893 55.7%
Interfund Transfers 705,967 150,000 12,500 100,000 66.7%
Licenses, Permits and Fees 286,662 486,000 2,592 129,571 26.7%
Revenue Total 5,199,044 5,833,270 716,822 3,699,057 63.4%
Expenses
Salary and Benefits 1,075,012 1,076,209 77,609 688,993 64.0%
Services and Supplies 3,432,094 3,601,076 322,569 2,286,839 63.5%
Insurance and Other Chargebacks 1,520 - 898 100.0%
Miscellaneous 5,288 7,500 9,237 123.2%
Capital Outlay 14,013 386,650 24,172 65,054 16.8%
Interfund Transfers 322,362 322,362 26,864 214,908 66.7%
Debt Service 1,280 22,745 363 1.6%
Expenses Total 4,851,568 5,416,542 451,213 3,266,293 60.3%
Net 347,476 416,728 265,608 432,764
Beginning Fund Balance (1,451,490) (1,104,014) (1,104,014) Fund Balance %
Ending Fund Balance (1,104,014) (687,286) (671,250) -12.4%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
175 GENERAL ASSISTANCE FUND Target = 67%
Revenue
Property Taxes 913,827 925,000 225,519 891,456 96.4%
Interest Income 10,174 1,000 1,151 11,019 1101.9%
Other Revenue 14,724 27,500 2,399 21,723 79.0%
Revenue Total 938,725 953,500 229,069 924,198 96.9%
Expenses
Salary and Benefits 398,809 407,294 27,585 245,768 60.3%
Services and Supplies 578,513 859,482 75,714 537,415 62.5%
Miscellaneous 4,209 7,000 46 5,129 73.3%
Expenses Total 981,531 1,273,776 103,344 788,312 61.9%
Net (42,806) (320,276) 125,725 135,887
Beginning Fund Balance 644,500 601,694 601,694 Fund Balance %
Ending Fund Balance 601,694 281,418 737,581 57.9%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
176 HEALTH AND HUMAN SERVICES Target = 67%
Revenue
Interest Income 247 - 80 100.0%
Other Revenue 22,593 - 0.0%
Interfund Transfers 828,471 828,471 69,039 552,314 66.7%
Intergovernmental Revenue 11,668 23,335 100.0%
Revenue Total 851,311 828,471 80,707 575,729 69.5%
Expenses
Salary and Benefits - - 0.0%
Services and Supplies 57,637 736,373 7,880 55,862 7.6%
Miscellaneous 10,000 - 0.0%
Community Sponsored Organizations 759,214 81,098 24,741 417,915 515.3%
Expenses Total 826,851 817,471 32,621 473,777 58.0%
Net 24,460 11,000 48,086 101,952
Beginning Fund Balance (10,515) 13,945 13,945 Fund Balance %
Ending Fund Balance 13,945 24,945 115,897 142.9%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
180 GOOD NEIGHBOR FUND Target = 67%
Revenue
Interest Income 2,718 2,000 365 3,433 171.7%
Other Revenue 1,000,000 1,000,000 1,000,000 100.0%
Revenue Total 1,002,718 1,002,000 365 1,003,433 100.1%
Expenses
Services and Supplies - - 22 501 100.0%
Miscellaneous 370,000 2,165 96,010 25.9%
Interfund Transfers 1,000,000 630,000 52,500 420,000 66.7%
Expenses Total 1,000,000 1,000,000 54,687 516,511 51.7%
Net 2,718 2,000 (54,321) 486,922
Beginning Fund Balance 1,884 4,602 4,602 Fund Balance %
Ending Fund Balance 4,602 6,602 491,524 49.2%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
185 LIBRARY FUND Target = 67%
Revenue
Property Taxes 6,597,472 6,810,000 1,684,482 6,646,914 97.6%
Interest Income 48,821 10,000 8,144 72,197 722.0%
Other Revenue 230,333 383,500 3,363 191,038 49.8%
Interfund Transfers 280,380 345,771 12,500 100,000 28.9%
Charges for Services 332 - 58 312 100.0%
Fines and Forfeitures 110,721 85,000 7,592 61,250 72.1%
Intergovernmental Revenue 163,324 123,000 28,776 23.4%
Library Revenue 220,981 188,000 8,087 74,793 39.8%
Revenue Total 7,652,365 7,945,271 1,724,226 7,175,279 90.3%
Expenses
Salary and Benefits 4,994,357 5,161,176 381,425 3,290,325 63.8%
Services and Supplies 1,829,028 2,230,488 101,794 1,152,525 51.7%
Capital Outlay 1,179 12,500 5 0.0%
Interfund Transfers 366,949 367,781 42,316 268,523 73.0%
Expenses Total 7,191,513 7,771,945 525,535 4,711,378 60.6%
Net 460,851 173,326 1,198,691 2,463,902
Beginning Fund Balance 1,042,304 1,503,155 1,503,155 Fund Balance %
Ending Fund Balance 1,503,155 1,676,481 3,967,057 51.0%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
186 LIBRARY DEBT SERVICE FUND Target = 67%
Revenue
Property Taxes 333,896 353,437 175,000 350,000 99.0%
Other Revenue - - 0.0%
Revenue Total 333,896 353,437 175,000 350,000 99.0%
Expenses
Services and Supplies - - 0.0%
Interfund Transfers - - 0.0%
Debt Service 333,404 353,437 85,438 24.2%
Expenses Total 333,404 353,437 85,438 24.2%
Net 492 - 175,000 264,562
Beginning Fund Balance 4,090 4,582 4,582 Fund Balance %
Ending Fund Balance 4,582 4,582 269,144 76.2%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
187 LIBRARY CAPITAL IMPROVEMENT FD Target = 67%
Revenue
Other Revenue 2,157,728 1,835,000 1,893,266 103.2%
Revenue Total 2,157,728 1,835,000 1,893,266 103.2%
Expenses
Services and Supplies 30,700 77 19,652 100.0%
Interfund Transfers 1,250,000 1,250,000 1,250,000 100.0%
Capital Outlay 190,247 585,000 235,357 40.2%
Debt Service 26,631 - 0.0%
Expenses Total 1,497,577 1,835,000 77 1,505,009 82.0%
Net 660,150 - (77) 388,256
Beginning Fund Balance 308,399 968,549 968,549 Fund Balance %
Ending Fund Balance 968,549 968,549 1,356,805 73.9%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
200 MOTOR FUEL TAX FUND Target = 67%
Revenue
Interest Income 47,035 12,000 4,683 32,448 270.4%
Interfund Transfers 166,761 - 0.0%
Intergovernmental Revenue 1,906,519 1,910,000 172,171 1,236,799 64.8%
Revenue Total 2,120,315 1,922,000 176,854 1,269,247 66.0%
Expenses
Interfund Transfers 2,457,990 982,897 81,908 655,265 66.7%
Capital Outlay - 1,206,000 314,801 316,893 26.3%
Expenses Total 2,457,990 2,188,897 396,709 972,158 44.4%
Net (337,675) (266,897) (219,855) 297,089
Beginning Fund Balance 2,373,729 2,036,054 2,036,054 Fund Balance %
Ending Fund Balance 2,036,054 1,769,157 2,333,143 106.6%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
205 EMERGENCY TELEPHONE (E911) FUND Target = 67%
Revenue
Interest Income 13,504 7,000 1,779 15,368 219.5%
Other Revenue 863 - 0.0%
Other Taxes 1,478,608 1,312,800 125,105 846,985 64.5%
Revenue Total 1,492,975 1,319,800 126,884 862,353 65.3%
Expenses
Salary and Benefits 602,282 613,825 47,006 398,521 64.9%
Services and Supplies 210,642 290,400 6,968 188,142 64.8%
Interfund Transfers 73,366 74,034 6,170 49,356 66.7%
Capital Outlay 9,167 25,000 2,480 9.9%
Insurance and Other Chargebacks 17,448 18,230 1,519 12,153 66.7%
Expenses Total 912,905 1,021,489 61,663 650,652 63.7%
Net 580,069 298,311 65,222 211,702
Beginning Fund Balance 181,996 762,065 762,065 Fund Balance %
Ending Fund Balance 762,065 1,060,376 973,767 95.3%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
210 SPECIAL SERVICE AREA (SSA) #4 Target = 67%
Revenue
Interest Income 25 26 62 100.0%
Property Taxes 341,934 525,000 118,666 446,876 85.1%
Revenue Total 341,959 525,000 118,691 446,938 85.1%
Expenses
Services and Supplies 370,000 525,000 262,500 50.0%
Expenses Total 370,000 525,000 262,500 50.0%
Net (28,041) - 118,691 184,438
Beginning Fund Balance (198,795) (226,836) (226,836) Fund Balance %
Ending Fund Balance (226,836) (226,836) (42,398) -8.1%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
215 CDBG FUND Target = 67%
Revenue
Other Revenue 14,347 297 100.0%
Intergovernmental Revenue 1,511,105 2,631,080 439,454 534,876 20.3%
Revenue Total 1,525,452 2,631,080 439,454 535,173 20.3%
Expenses
Salary and Benefits 447,460 509,100 32,594 273,588 53.7%
Services and Supplies 5,032 447,700 796 2,340 0.5%
Miscellaneous 154,443 971,410 365 9,417 1.0%
Interfund Transfers 21,050 634,640 775 6,197 1.0%
Capital Outlay 443,440 75,392 100.0%
Community Sponsored Organizations 161,448 50,000 20,030 40.1%
Insurance and Other Chargebacks 293,332 18,230 1,519 186,649 1023.9%
Expenses Total 1,526,206 2,631,080 36,048 573,615 21.8%
Net (754) - 403,405 (38,441)
Beginning Fund Balance 64,107 63,353 63,353 Fund Balance %
Ending Fund Balance 63,353 63,353 24,912 0.9%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
220 CDBG LOAN FUND Target = 67%
Revenue
Interest Income 5,087 - 310 4,867 100.0%
Other Revenue 114,531 250,000 5,294 92,558 37.0%
Revenue Total 119,618 250,000 5,604 97,426 39.0%
Expenses
Services and Supplies 190,484 250,000 (56) - 0.0%
Insurance and Other Chargebacks 8,552 - 0.0%
Expenses Total 199,035 250,000 (56) - 0.0%
Net (79,418) - 5,660 97,426
Beginning Fund Balance 252,612 173,194 173,194 Fund Balance %
Ending Fund Balance 173,194 173,194 270,620 108.2%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
235 NEIGHBORHOOD IMPROVEMENT Target = 67%
Revenue
Interest Income 1,066 - 105 610 100.0%
Revenue Total 1,066 - 105 610 100.0%
Expenses
Services and Supplies 163 - 6 84 100.0%
Interfund Transfers 100,000 - 0.0%
Miscellaneous - - 0.0%
Expenses Total 163 100,000 6 84 0.1%
Net 903 (100,000) 98 526
Beginning Fund Balance 170,171 171,074 171,074 Fund Balance %
Ending Fund Balance 171,074 71,074 171,600 171.6%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
240 HOME FUND Target = 67%
Revenue
Interest Income 5,451 - 3 85 100.0%
Other Revenue 27,477 - 2,532 18,256 100.0%
Intergovernmental Revenue 300,423 741,269 52,260 123,687 16.7%
Revenue Total 333,351 741,269 54,794 142,028 19.2%
Expenses
Salary and Benefits 36,173 33,375 2,097 18,844 56.5%
Services and Supplies 301,124 696,500 35,858 114,977 16.5%
Miscellaneous - 500 290 58.0%
Insurance and Other Chargebacks (1,992) 10,894 75 10,094 92.7%
Expenses Total 335,304 741,269 38,029 144,205 19.5%
Net (1,953) - 16,765 (2,177)
Beginning Fund Balance 9,277 7,324 7,324 Fund Balance %
Ending Fund Balance 7,324 7,324 5,147 0.7%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
250 AFFORDABLE HOUSING FUND Target = 67%
Revenue
Interest Income 14,449 4,500 3,263 19,203 426.7%
Other Revenue 134,417 2,530,600 417 304,617 12.0%
Other Taxes 58,700 80,000 30,000 37.5%
Intergovernmental Revenue 40,464 40,464 100.0%
Revenue Total 207,566 2,615,100 44,144 394,284 15.1%
Expenses
Salary and Benefits 82,955 136,697 10,109 84,701 62.0%
Services and Supplies 126,852 818,500 5 24,865 3.0%
Miscellaneous 43,387 52,500 1,127 15,669 29.8%
Insurance and Other Chargebacks 47,755 6,937 100.0%
Community Sponsored Organizations 18,006 20,000 6,811 34.1%
Capital Outlay 400 3,034 100.0%
Expenses Total 318,955 1,027,697 11,640 142,017 13.8%
Net (111,389) 1,587,403 32,504 252,267
Beginning Fund Balance 1,476,544 1,365,155 1,365,155 Fund Balance %
Ending Fund Balance 1,365,155 2,952,558 1,617,422 157.4%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
320 DEBT SERVICE FUND Target = 67%
Revenue
Property Taxes 10,520,453 10,879,993 2,564,946 10,442,199 96.0%
Other Revenue 7,106,441 - (4,815) 100.0%
Interfund Transfers 4,137,327 4,676,744 279,525 2,570,128 55.0%
Interest Income 159,322 1,500 14,344 94,520 6301.4%
Intergovernmental Revenue 86,624 87,457 7,288 58,304 66.7%
Revenue Total 22,010,168 15,645,694 2,866,103 13,160,337 84.1%
Expenses
Services and Supplies 63,225 120,000 3 19 0.0%
Debt Service 21,770,744 14,647,219 2,565,030 17.5%
Expenses Total 21,833,969 14,767,219 3 2,565,049 17.4%
Net 176,199 878,475 2,866,100 10,595,288
Beginning Fund Balance 241,782 417,981 417,981 Fund Balance %
Ending Fund Balance 417,981 1,296,456 11,013,269 74.6%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
330 HOWARD-RIDGE TIF FUND Target = 67%
Revenue
Property Taxes 622,345 655,000 292,342 679,320 103.7%
Interest Income 120 400 2,283 22,934 5733.4%
Other Revenue 3,530,261 5,366 3,500 33,006 615.1%
Revenue Total 4,152,727 660,766 298,125 735,259 111.3%
Expenses
Services and Supplies 490,957 400,000 86 13,160 3.3%
Interfund Transfers 105,319 346,225 (18,852) 183,112 52.9%
Capital Outlay 1,585,566 2,438 100.0%
Debt Service 1,401 - 48,812 49,801 100.0%
Expenses Total 2,183,243 746,225 30,047 248,511 33.3%
Net 1,969,484 (85,459) 268,078 486,748
Beginning Fund Balance 247,378 2,216,862 2,216,862 Fund Balance %
Ending Fund Balance 2,216,862 2,131,403 2,703,610 362.3%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
335 WEST EVANSTON TIF FUND Target = 67%
Revenue
Property Taxes 217,949 220,000 208,343 695,775 316.3%
Interest Income 12,403 4,000 689 7,956 198.9%
Other Revenue 11,311 11,000 7,198 65.4%
Revenue Total 241,663 235,000 209,032 710,929 302.5%
Expenses
Services and Supplies 6,831 506 100.0%
Interfund Transfers 30,000 30,000 2,500 20,000 66.7%
Debt Service 17,218 613,000 250,000 610,704 99.6%
Expenses Total 54,049 643,000 252,500 631,210 98.2%
Net 187,614 (408,000) (43,468) 79,719
Beginning Fund Balance 432,766 620,380 620,380 Fund Balance %
Ending Fund Balance 620,380 212,380 700,099 108.9%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
340 DEMPSTER-DODGE TIF FUND Target = 67%
Revenue
Property Taxes 136,927 275,000 122,797 44.7%
Interest Income 10 139 1,358 100.0%
Revenue Total 136,937 275,000 139 124,156 45.1%
Expenses
Services and Supplies 1,981 1 100.0%
Interfund Transfers 74,104 70,870 5,906 47,247 66.7%
Debt Service - - 0.0%
Expenses Total 76,085 70,870 5,906 47,248 66.7%
Net 60,852 204,130 (5,766) 76,908
Beginning Fund Balance (6,009) 54,843 54,843 Fund Balance %
Ending Fund Balance 54,843 258,973 131,751 185.9%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
345 CHICAGO-MAIN TIF Target = 67%
Revenue
Property Taxes 222,235 225,000 13,153 599,325 266.4%
Interest Income 23 - 712 6,756 100.0%
Revenue Total 222,258 225,000 13,866 606,081 269.4%
Expenses
Services and Supplies 1,981 5 100.0%
Interfund Transfers 107,561 100,610 8,384 67,073 66.7%
Debt Service - - 0.0%
Expenses Total 109,542 100,610 8,384 67,079 66.7%
Net 112,716 124,390 5,481 539,002
Beginning Fund Balance 61,193 173,909 173,909 Fund Balance %
Ending Fund Balance 173,909 298,299 712,911 708.6%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
350 SPECIAL SERVICE AREA (SSA) #6 Target = 67%
Revenue
Interest Income 34 500 155 1,565 312.9%
Property Taxes 222,944 221,000 59,122 222,434 100.6%
Revenue Total 222,978 221,500 59,277 223,999 101.1%
Expenses
Services and Supplies 222,086 221,500 1 0.0%
Expenses Total 222,086 221,500 1 0.0%
Net 892 - 59,277 223,998
Beginning Fund Balance 2,207 3,099 3,099 Fund Balance %
Ending Fund Balance 3,099 3,099 227,097 102.5%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
415 CAPITAL IMPROVEMENTS FUND Target = 67%
Revenue
Other Revenue 10,274,896 9,000,000 679 9,279,448 103.1%
Interfund Transfers 8,260,353 715,000 - 0.0%
Interest Income 198,795 - 36,133 195,913 100.0%
Intergovernmental Revenue 206,797 3,970,000 160,000 4.0%
Charges for Services 59,572 - 5,051 79,554 100.0%
Revenue Total 19,000,412 13,685,000 41,863 9,714,915 71.0%
Expenses
Salary and Benefits 650,911 648,393 50,788 434,525 67.0%
Services and Supplies 1,473,875 - 194,475 1,151,626 100.0%
Capital Outlay 10,942,274 13,612,156 586,665 3,629,281 26.7%
Interfund Transfers 793,576 - 0.0%
Expenses Total 13,860,636 14,260,549 831,928 5,215,432 36.6%
Net 5,139,776 (575,549) (790,065) 4,499,483
Beginning Fund Balance 8,758,472 13,898,248 13,898,248 Fund Balance %
Ending Fund Balance 13,898,248 13,322,699 18,397,731 129.0%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
416 CROWN CONSTRUCTION FUND Target = 67%
Revenue
Other Revenue 25,652,394 17,605,498 20,482,046 116.3%
Interest Income 159,657 50,000 56,986 366,819 733.6%
Intergovernmental Revenue 1,250,000 1,250,000 1,250,000 100.0%
Interfund Transfers 1,000,000 100.0%
Revenue Total 27,062,051 18,905,498 56,986 23,098,865 122.2%
Expenses
Services and Supplies 2,007,340 - 51,510 545,906 100.0%
Capital Outlay 7,753,657 23,670,000 1,968,104 11,423,294 48.3%
Debt Service - - 0.0%
Interfund Transfers 316,380 - 0.0%
Expenses Total 10,077,377 23,670,000 2,019,614 11,969,200 50.6%
Net 16,984,674 (4,764,502) (1,962,628) 11,129,665
Beginning Fund Balance 540,861 17,525,535 17,525,535 Fund Balance %
Ending Fund Balance 17,525,535 12,761,033 28,655,200 121.1%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
420 SPECIAL ASSESSMENT FUND Target = 67%
Revenue
Other Revenue 277,004 250,000 257,938 103.2%
Special Assessment 183,472 180,167 14,387 124,684 69.2%
Interest Income 55,067 38,000 7,299 54,980 144.7%
Revenue Total 515,543 468,167 21,686 437,602 93.5%
Expenses
Salary and Benefits 73,338 - 2,725 100.0%
Services and Supplies 1,953 - 15 2,717 100.0%
Interfund Transfers 513,427 286,955 23,913 191,303 66.7%
Capital Outlay 650,000 - 0.0%
Debt Service 303,736 - 0.0%
Expenses Total 892,454 936,955 23,928 196,746 21.0%
Net (376,911) (468,788) (2,242) 240,857
Beginning Fund Balance 2,997,700 2,620,789 2,620,789 Fund Balance %
Ending Fund Balance 2,620,789 2,152,001 2,861,646 305.4%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
505 PARKING SYSTEM FUND Target = 67%
Revenue
Licenses, Permits and Fees 2,798 1,405 100.0%
Charges for Services 6,299,952 10,343,855 985,887 6,449,131 62.3%
Interest Income 109,598 20,000 5,958 81,747 408.7%
Intergovernmental Revenue - - 0.0%
Other Revenue 337,563 202,020 23,113 164,611 81.5%
Interfund Transfers 3,037,704 - 0.0%
Revenue Total 9,787,615 10,565,875 1,014,958 6,696,893 63.4%
Expenses
Salary and Benefits 1,886,080 1,996,976 140,186 1,140,947 57.1%
Services and Supplies 3,887,706 3,546,775 286,770 2,150,225 60.6%
Insurance and Other Chargebacks 319,648 333,969 27,831 222,645 66.7%
Miscellaneous 231,879 304,000 51,535 17.0%
Contingencies 1,495 11,000 - 0.0%
Capital Outlay 81,227 3,510,000 191,877 1,086,551 31.0%
Interfund Transfers 1,440,417 3,512,807 263,567 2,108,538 60.0%
Debt Service 97,498 34,354 549 1.6%
Depreciation Expense 2,644,560 - 0.0%
Expenses Total 10,590,510 13,249,881 910,231 6,760,990 51.0%
Net (802,896) (2,684,006) 1,014,958 (64,097)
Beginning Fund Balance 3,912,251 3,109,355 3,109,355 Fund Balance %
Ending Fund Balance 3,109,355 425,349 3,045,258 23.0%
510-513 WATER FUND
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
Target = 67%
Revenue
Charges for Services 15,223,033 22,615,529 1,723,668 11,499,614 50.8%
Interest Income 255,928 40,000 65,412 451,370 1128.4%
Interfund Transfers 187,430 - 0.0%
Licenses, Permits and Fees 47,218 50,000 11,050 47,991 96.0%
Other Revenue 235,772 23,194,160 638,846 8,938,659 38.5%
Revenue Total 15,949,380 45,899,689 2,438,976 20,937,634 45.6%
Expenses
Salary and Benefits 5,804,716 5,533,772 430,430 3,643,984 65.8%
Services and Supplies 3,183,368 6,231,350 342,766 2,196,666 35.3%
Insurance and Other Chargebacks 470,397 489,481 42,723 330,158 67.5%
Capital Outlay 22,219 30,345,500 1,361,532 6,645,570 21.9%
Debt Service 819,926 2,081,841 565,930 27.2%
Interfund Transfers 3,682,309 3,932,313 327,693 2,621,542 66.7%
Miscellaneous - 42,000 - 0.0%
Contingencies - 1,000 1,000 100.0%
Depreciation Expense 2,581,863 - 0.0%
Expenses Total 16,564,798 48,657,257 2,505,144 16,004,851 32.9%
Net (615,417) (2,757,568) (66,167) 4,932,783
Beginning Fund Balance 6,116,159 5,500,742 5,500,742 Fund Balance %
Ending Fund Balance 5,500,742 2,743,174 10,433,525 21.4%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
515 SEWER FUND Target = 67%
Revenue
Charges for Services 11,919,244 10,483,885 1,238,914 7,338,848 70.0%
Interest Income 56,455 5,000 3,392 27,087 541.7%
Other Revenue 3,002 3,104,000 1,031,752 33.2%
Interfund Transfers 187,430 - 0.0%
Revenue Total 12,166,129 13,592,885 1,242,306 8,397,688 61.8%
Expenses
Salary and Benefits 1,400,023 1,354,512 104,042 858,224 63.4%
Services and Supplies 301,786 304,500 318,528 896,949 294.6%
Insurance and Other Chargebacks 269,988 282,083 23,507 188,055 66.7%
Miscellaneous 230 1,500 1,610 107.3%
Capital Outlay (654) 4,890,636 133,423 392,034 8.0%
Interfund Transfers 991,677 1,773,532 64,461 1,515,688 85.5%
Debt Service 959,123 6,148,475 128,528 3,482,621 56.6%
Depreciation Expense 3,615,269 - 0.0%
Expenses Total 7,537,442 14,755,238 772,489 7,335,181 49.7%
Net 4,628,687 (1,162,353) 469,817 1,062,506
Beginning Fund Balance (238,627) 4,390,060 4,390,060 Fund Balance %
Ending Fund Balance 4,390,060 3,227,707 5,452,566 37.0%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
520 SOLID WASTE FUND Target = 67%
Revenue
Property Taxes 410,000 820,000 410,000 820,000 100.0%
Charges for Services 3,672,193 4,239,270 287,862 2,572,593 60.7%
Other Revenue 124,222 138,000 3,867 76,893 55.7%
Interfund Transfers 705,967 150,000 12,500 100,000 66.7%
Licenses, Permits and Fees 286,662 486,000 2,592 129,571 26.7%
Revenue Total 5,199,044 5,833,270 716,822 3,699,057 63.4%
Expenses
Salary and Benefits 1,075,012 1,076,209 77,609 688,993 64.0%
Services and Supplies 3,432,094 3,601,076 322,569 2,286,839 63.5%
Insurance and Other Chargebacks 1,520 - 898 100.0%
Miscellaneous 5,288 7,500 9,237 123.2%
Capital Outlay 14,013 386,650 24,172 65,054 16.8%
Interfund Transfers 322,362 322,362 26,864 214,908 66.7%
Debt Service 1,280 22,745 363 1.6%
Expenses Total 4,851,568 5,416,542 451,213 3,266,293 60.3%
Net 347,476 416,728 265,608 432,764
Beginning Fund Balance (1,451,490) (1,104,014) (1,104,014) Fund Balance %
Ending Fund Balance (1,104,014) (687,286) (671,250) -12.4%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
600 FLEET SERVICES FUND Target = 67%
Revenue
Charges for Services 2,988,640 2,950,415 245,868 1,966,944 66.7%
Other Revenue 18,765 81,781 992 11,356 13.9%
Interest Income 24 1,000 - 0.0%
Revenue Total 3,007,429 3,033,196 246,860 1,978,300 65.2%
Expenses
Salary and Benefits 1,117,721 1,117,701 82,171 696,245 62.3%
Services and Supplies 1,956,650 2,030,057 138,675 1,224,290 60.3%
Miscellaneous 118 - 0.0%
Interfund Transfers 33,442 35,114 2,926 23,409 66.7%
Insurance and Other Chargebacks 868 - 1,736 15,621 100.0%
Contingencies - 450 76 16.9%
Capital Outlay 42 2,904 100.0%
Expenses Total 3,108,799 3,183,322 225,549 1,962,545 61.7%
Net (101,370) (150,126) 21,311 15,755
Beginning Fund Balance 332,586 231,216 231,216 Fund Balance %
Ending Fund Balance 231,216 81,090 246,971 7.8%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
601 EQUIPMENT REPLACEMENT FUND Target = 67%
Revenue
Charges for Services 1,334,732 1,309,732 109,144 873,155 66.7%
Interest Income 5,037 - 353 2,246 100.0%
Other Revenue (74,225) 210,217 14,760 7.0%
Revenue Total 1,265,543 1,519,949 109,497 890,161 58.6%
Expenses
Services and Supplies 40,745 75,000 21 35,995 48.0%
Capital Outlay 41,579 1,547,977 258,693 1,150,068 74.3%
Depreciation Expense 1,695,533 - 0.0%
Expenses Total 1,777,856 1,622,977 258,714 1,186,062 73.1%
Net (512,313) (103,028) (149,217) (295,901)
Beginning Fund Balance 1,523,611 1,011,298 1,011,298 Fund Balance %
Ending Fund Balance 1,011,298 908,270 715,397 44.1%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
605 INSURANCE FUND Target = 67%
Revenue
Other Revenue 10,447,722 10,391,176 860,520 6,794,088 65.4%
Charges for Services 167,917 52 100.0%
Interfund Transfers - 54,958 - 0.0%
Insurance 5,628,212 6,118,205 504,443 3,975,201 65.0%
Workers Compensation and Liability 2,087,381 3,026,943 247,465 2,013,976 66.5%
Interest Income - 1,000 - 0.0%
Revenue Total 18,331,231 19,592,282 1,612,428 12,783,318 65.2%
Expenses
Salary and Benefits 577,318 630,531 46,827 345,354 54.8%
Services and Supplies 6,414,377 2,420,448 (10,925) 3,772,000 155.8%
Insurance and Other Chargebacks 15,780,235 15,901,777 1,272,214 10,866,637 68.3%
Capital Outlay 5,011 - 0.0%
Interfund Transfers 9,632 10,114 843 6,743 66.7%
Expenses Total 22,786,573 18,962,870 1,308,959 14,990,734 79.1%
Net (4,455,342) 629,412 303,468 (2,207,416)
Beginning Fund Balance (4,338,505) (8,793,847) (8,793,847) Fund Balance %
Ending Fund Balance (8,793,847) (8,164,435) (11,001,263) -58.0%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
700 FIRE PENSION FUND Target = 67%
Revenue
Other Revenue 3,825,767 9,068,084 1,627,530 17,398,605 191.9%
Interfund Transfers - 20,000 - 0.0%
Interest Income 2,230,596 2,500,000 89,001 1,025,779 41.0%
Other Taxes - 280,000 - 0.0%
Revenue Total 6,056,363 11,868,084 1,716,532 18,424,384 155.2%
Expenses
Salary and Benefits 9,256,585 9,333,500 838,767 6,466,138 69.3%
Miscellaneous 91,737 - 79,198 195,402 100.0%
Expenses Total 9,348,322 9,333,500 917,965 6,661,541 71.4%
Net (3,291,959) 2,534,584 798,567 11,762,843
Beginning Fund Balance 79,073,077 75,781,118 75,781,118 Fund Balance %
Ending Fund Balance 75,781,118 78,315,702 87,543,961 938.0%
2018 Actual 2019 Budget August 2019 YTD 2019 % YTD to Budget
705 POLICE PENSION FUND Target = 67%
Revenue
Interest Income 2,971,614 3,000,000 206,974 1,825,938 60.9%
Other Revenue 4,442,478 15,946,808 2,457,348 26,045,623 163.3%
Interfund Transfers - - 0.0%
Other Taxes 325,000 - 0.0%
Revenue Total 7,414,092 19,271,808 2,664,322 27,871,562 144.6%
Expenses
Salary and Benefits 11,996,570 12,601,500 1,035,523 8,357,532 66.3%
Miscellaneous 292,132 275,000 8,347 224,619 81.7%
Expenses Total 12,288,703 12,876,500 1,043,870 8,582,150 66.6%
Net (4,874,611) 6,395,308 1,620,452 19,289,411
Beginning Fund Balance 121,629,668 116,755,057 116,755,057 Fund Balance %
Ending Fund Balance 116,755,057 123,150,365 136,044,468 1056.5%