HomeMy WebLinkAbout2019.09 September Monthly Report
To: Erika Storlie, Interim City Manager
From: Hitesh Desai, CFO/City Treasurer
Kate Lewis-Lakin, Budget Coordinator
Subject: September 2019 Monthly Financial Report
Date: October 22, 2019
Please find attached the unaudited financial statements as of September 30, 2019. A
summary by fund for revenues, expenditures, fund and cash balances is as follows:
September 2019 Revenue Expense Net Fund Balance Cash Balance
100 GENERAL FUND 94,374,649 87,903,367 6,471,282 20,103,645 15,627,196
175 GENERAL ASSISTANCE FUND 927,756 880,966 46,790 648,484 648,484
176 HEALTH AND HUMAN SERVICES 656,436 488,062 168,374 182,019 182,019
180 GOOD NEIGHBOR FUND 1,003,835 574,911 428,924 433,526 433,526
185 LIBRARY FUND 7,348,321 5,266,178 2,082,143 3,585,298 3,585,203
186 LIBRARY DEBT SERVICE FUND 350,000 85,438 264,562 269,143 269,143
187 LIBRARY CAPITAL IMPROVEMENT FD 1,893,266 1,508,534 384,731 1,353,281 1,353,281
200 MOTOR FUEL TAX FUND 1,520,819 1,380,922 139,897 2,175,951 2,014,170
205 EMERGENCY TELEPHONE (E911) FUND 982,107 734,294 247,812 1,009,877 767,216
210 SPECIAL SERVICE AREA (SSA) #4 447,121 262,500 184,621 (42,215) (42,215)
215 CDBG FUND 535,173 608,482 (73,309) (9,956) (9,956)
220 CDBG LOAN FUND 100,199 50 100,149 273,342 273,342
235 NEIGHBORHOOD IMPROVEMENT 726 91 635 171,708 171,708
240 HOME FUND 162,268 161,842 426 7,750 7,750
250 AFFORDABLE HOUSING FUND 2,813,413 166,420 2,646,993 4,012,148 4,110,802
320 DEBT SERVICE FUND 13,508,211 2,565,054 10,943,157 11,361,138 11,437,007
330 HOWARD-RIDGE TIF FUND 740,671 262,735 477,937 2,694,798 2,697,068
335 WEST EVANSTON TIF FUND 715,035 636,578 78,457 698,837 698,837
340 DEMPSTER-DODGE TIF FUND 124,395 54,213 70,182 125,025 125,025
345 CHICAGO-MAIN TIF 607,299 76,522 530,777 704,686 704,686
350 SPECIAL SERVICE AREA (SSA) #6 224,379 1 224,378 227,477 227,477
415 CAPITAL IMPROVEMENTS FUND 9,744,366 6,261,754 3,482,612 17,380,860 18,750,048
416 CROWN CONSTRUCTION FUND 23,149,397 14,479,855 8,669,541 26,195,077 25,179,468
420 SPECIAL ASSESSMENT FUND 445,127 220,664 224,464 2,845,253 2,844,590
505 PARKING SYSTEM FUND 7,630,552 8,218,175 (587,623) 2,521,732 2,666,484
510 WATER FUND 22,539,515 19,129,967 3,409,548 8,910,290 7,599,883
515 SEWER FUND 8,694,104 8,860,799 (166,695) 4,223,366 2,712,687
520 SOLID WASTE FUND 4,180,537 3,702,454 478,084 (625,930) (293,259)
600 FLEET SERVICES FUND 2,224,213 2,199,411 24,802 256,018 (787,204)
601 EQUIPMENT REPLACEMENT FUND 1,006,823 1,285,334 (278,511) 732,787 732,787
605 INSURANCE FUND 14,332,241 16,360,702 (2,028,461) (10,822,308) (6,503,108)
Grand Total 222,982,954 184,336,274 38,646,680 101,603,108 98,184,146
Memorandum
Included above are ending fund and cash balances as of September 30, 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.
General Fund
The attached financials show General Fund revenues at 81.4% of budget and expenses at
77.0% of budget, compared to a 9-month target of 75%. Revenues are above target in a
number of areas. As of September 30, 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 75% in some departments. Police and Fire show expenses
at 79.2% and 83.2% 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, 98%
of pension property taxes have been received and transferred to pension funds. When
those transfers are removed, Police and Fire both show expense around 75% of budget.
2019 Budget 2019 YTD
% Actual to
Budget
Police Department
Total Expenses $38,737,094 $30,691,020 79.2%
Pension Fund Transfer $10,462,704 $10,268,089 98.1%
Expenses without Transfer $28,274,390 $20,422,931 72.2%
Fire Department
Total Expenses $24,379,850 $20,290,024 83.2%
Pension Fund Transfer $8,344,947 $8,120,782 97.3%
Expenses without Transfer $16,034,903 $12,169,242 75.9%
Overtime in Police and Fire are trending high, as shown in the table below. As of
September 30, both departments have spent more than the annual budget for overtime.
The 2020 Proposed Budget includes an increase in overtime for both departments, to
closer match budget with actuals of the past few years.
Overtime Expenses 2018 Actual 2019 Budget 2019 YTD
% Actual to
Budget
Police $1,606,236 $959,106 $1,005,341 104.8%
Fire $1,007,263 $759,956 $1,042,778 137.2%
In the Police department, some of the additional overtime is reimbursed by businesses,
community groups, and Northwestern University. As of September 30, $385,704 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 September
30, the department had spent 71% 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 $62,014 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 wel l as
opportunities for savings in other areas.
Enterprise Funds
Parking fund revenues through September 30, 2019 are slightly 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 September 30, 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 September 30, 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
primarily funded through IEPA loan financing, budgeted as Other Revenue.
Through September 30, 2019, the Solid Waste Fund has a negative fund balance of
$625,930 and a negative cash balance of $293,259. The Solid Waste Fund has received
100% of budgeted property tax revenue for the year.
Other Funds
Through September 30, 2019, the SSA #4 Fund is showing a negative fund and cash
balance of $42,215.
Through September 30, 2019, the CDBG Fund shows a negative fund and cash balance
of $9,956. This is due a delay in federal program reimbursements.
Through September 30, 2019, the Capital Improvements Fund is showing a fund balance
of $17,380,860 and a cash balance of $18,750,048. The fund continues to spend down
2019B bond proceeds received in June 2019.
Through September 30, 2019, the Crown Construction fund is showing fund balance of
$26,195,077 and cash balance of $25,179,468. 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 September 30, 2019, the Insurance Fund is showing a negative fund balance of
$10,822,308 and a negative cash balance of $6,503,108. The fund had high expenses in
the first quarter from legal fees and settlements. Fund balance is significantly lower than
cash balance due to accrued liabilities for pending litigations.
If there are any questions on the attached report, please contact me by phone at (847)
448-8082 or by email: hdesai@cityofevanston.org. Detailed fund summary reports can be
found at: http://www.cityofevanston.org/city-budget/financial-reports/.
CERTIFICATION OF ATTACHED FINANCIAL REPORTS
As required per Illinois Statute 65 ILCS 5/3.1-35-45 I, Hitesh Desai, Treasurer of the City
of Evanston, hereby affirm that I have reviewed the September 30, 2019 year-to-date
financial information and reports which to the best of my knowledge appear accurate and
complete.
January February March April May*June*July August September
2019 Unreserved
Fund Balance 14,074,270$ 15,248,569$ 19,960,779$ 18,594,617$ 17,601,206$ 16,913,780$ 19,181,628$ 21,272,425$ 20,103,645$
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$ 16,923,253$
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$ 15,627,196$
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$ 10,763,842$
*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 September 2019 YTD 2019 % YTD to Budget
100 GENERAL FUND Target = 75%
Revenue
Property Taxes 28,188,353 30,047,955 78,801 29,541,286 98.3%
Other Taxes 52,673,637 53,671,300 3,843,487 38,969,435 72.6%
Licenses, Permits and Fees 9,165,957 7,651,400 419,742 6,168,793 80.6%
Charges for Services 10,396,458 8,900,909 541,960 7,424,808 83.4%
Fines and Forfeitures 3,765,058 4,700,500 388,800 3,504,896 74.6%
Interest Income 94,681 55,100 29,579 165,226 299.9%
Intergovernmental Revenue 1,466,926 994,303 152,383 1,152,751 115.9%
Other Revenue 1,948,636 988,300 52,353 834,696 84.5%
Interfund Transfers 8,133,142 8,877,103 734,751 6,612,760 74.5%
Revenue Total 115,832,848 115,886,870 6,241,855 94,374,649 81.4%
Expenses
13 CITY COUNCIL 547,350 528,173 37,101 395,567 74.9%
14 CITY CLERK 217,987 180,704 12,490 168,579 93.3%
15 CITY MANAGER'S OFFICE 7,325,385 7,997,018 626,176 5,482,206 68.6%
17 LAW 688,728 646,183 118,999 544,200 84.2%
19 ADMINISTRATIVE SERVICES 9,222,431 9,483,577 665,473 6,681,547 70.5%
21 COMMUNITY DEVELOPMENT 3,579,836 3,480,360 236,189 2,196,779 63.1%
22 POLICE 39,403,536 38,737,094 2,082,370 30,691,020 79.2%
23 FIRE MGMT & SUPPORT 24,816,621 24,379,850 1,304,020 20,290,024 83.2%
24 HEALTH 3,187,980 3,190,606 270,034 2,195,494 68.8%
30 PARKS, REC. AND COMMUNITY SERV.12,901,743 12,297,508 1,075,884 9,451,453 76.9%
40 PUBLIC WORKS AGENCY 13,524,988 13,232,299 981,899 9,806,498 74.1%
Expenses Total 115,416,584 114,153,372 7,410,635 87,903,367 77.0%
Net 416,264 1,733,498 (1,168,780) 6,471,282
Beginning Fund Balance 13,216,099 13,632,363 13,632,363 Fund Balance %
Ending Fund Balance 13,632,363 15,365,861 20,103,645 17.6%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
505 PARKING SYSTEM FUND Target = 75%
Revenue
Licenses, Permits and Fees 2,798 21,082 22,487 100.0%
Charges for Services 6,299,952 10,343,855 886,167 7,335,298 70.9%
Interest Income 109,598 20,000 4,280 86,026 430.1%
Intergovernmental Revenue - - 0.0%
Other Revenue 337,563 202,020 22,129 186,740 92.4%
Interfund Transfers 3,037,704 - 0.0%
Revenue Total 9,787,615 10,565,875 933,659 7,630,552 72.2%
Expenses
Salary and Benefits 1,886,080 1,996,976 143,490 1,284,437 64.3%
Services and Supplies 3,887,706 3,546,775 835,988 2,986,213 84.2%
Insurance and Other Chargebacks 319,648 333,969 27,831 250,476 75.0%
Miscellaneous 231,879 304,000 51,535 17.0%
Contingencies 1,495 11,000 - 0.0%
Capital Outlay 81,227 3,510,000 186,309 1,272,860 36.3%
Interfund Transfers 1,440,417 3,512,807 263,567 2,372,105 67.5%
Debt Service 97,498 34,354 549 1.6%
Depreciation Expense 2,644,560 - 0.0%
Expenses Total 10,590,510 13,249,881 1,457,185 8,218,175 62.0%
Net (802,896) (2,684,006) 933,659 (587,623)
Beginning Fund Balance 3,912,251 3,109,355 3,109,355 Fund Balance %
Ending Fund Balance 3,109,355 425,349 2,521,732 19.0%
510-513 WATER FUND
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
Target = 75%
Revenue
Charges for Services 15,223,033 22,615,529 1,464,836 12,964,450 57.3%
Interest Income 255,928 40,000 66,810 518,181 1295.5%
Interfund Transfers 187,430 - 0.0%
Licenses, Permits and Fees 47,218 50,000 8,525 56,516 113.0%
Other Revenue 235,772 23,194,160 61,710 9,000,369 38.8%
Revenue Total 15,949,380 45,899,689 1,601,881 22,539,515 49.1%
Expenses
Salary and Benefits 5,804,716 5,533,772 416,942 4,060,926 73.4%
Services and Supplies 3,183,368 6,231,350 379,902 2,576,568 41.3%
Insurance and Other Chargebacks 470,397 489,481 46,588 376,746 77.0%
Capital Outlay 22,219 30,345,500 1,953,992 8,599,562 28.3%
Debt Service 819,926 2,081,841 565,930 27.2%
Interfund Transfers 3,682,309 3,932,313 327,693 2,949,235 75.0%
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 3,125,116 19,129,967 39.3%
Net (615,417) (2,757,568) (1,523,235) 3,409,548
Beginning Fund Balance 6,116,159 5,500,742 5,500,742 Fund Balance %
Ending Fund Balance 5,500,742 2,743,174 8,910,290 18.3%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
515 SEWER FUND Target = 75%
Revenue
Charges for Services 11,919,244 10,483,885 293,432 7,632,280 72.8%
Interest Income 56,455 5,000 2,985 30,072 601.4%
Other Revenue 3,002 3,104,000 1,031,752 33.2%
Interfund Transfers 187,430 - 0.0%
Revenue Total 12,166,129 13,592,885 296,416 8,694,104 64.0%
Expenses
Salary and Benefits 1,400,023 1,354,512 116,981 975,205 72.0%
Services and Supplies 301,786 304,500 61,925 958,874 314.9%
Insurance and Other Chargebacks 269,988 282,083 23,507 211,562 75.0%
Miscellaneous 230 1,500 1,610 107.3%
Capital Outlay (654) 4,890,636 (18,094) 373,941 7.6%
Interfund Transfers 991,677 1,773,532 64,461 1,580,149 89.1%
Debt Service 959,123 6,148,475 1,276,838 4,759,458 77.4%
Depreciation Expense 3,615,269 - 0.0%
Expenses Total 7,537,442 14,755,238 1,525,617 8,860,799 60.1%
Net 4,628,687 (1,162,353) (1,229,201) (166,695)
Beginning Fund Balance (238,627) 4,390,060 4,390,060 Fund Balance %
Ending Fund Balance 4,390,060 3,227,707 4,223,366 28.6%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
520 SOLID WASTE FUND Target = 75%
Revenue
Property Taxes 410,000 820,000 820,000 100.0%
Charges for Services 3,672,193 4,239,270 391,908 2,964,501 69.9%
Other Revenue 124,222 138,000 1,495 78,388 56.8%
Interfund Transfers 705,967 150,000 12,500 112,500 75.0%
Licenses, Permits and Fees 286,662 486,000 75,578 205,149 42.2%
Revenue Total 5,199,044 5,833,270 481,480 4,180,537 71.7%
Expenses
Salary and Benefits 1,075,012 1,076,209 81,153 770,146 71.6%
Services and Supplies 3,432,094 3,601,076 320,865 2,607,704 72.4%
Insurance and Other Chargebacks 1,520 - 898 100.0%
Miscellaneous 5,288 7,500 432 9,669 128.9%
Capital Outlay 14,013 386,650 6,848 71,902 18.6%
Interfund Transfers 322,362 322,362 26,864 241,772 75.0%
Debt Service 1,280 22,745 363 1.6%
Expenses Total 4,851,568 5,416,542 436,161 3,702,454 68.4%
Net 347,476 416,728 45,319 478,084
Beginning Fund Balance (1,451,490) (1,104,014) (1,104,014) Fund Balance %
Ending Fund Balance (1,104,014) (687,286) (625,930) -11.6%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
175 GENERAL ASSISTANCE FUND Target = 75%
Revenue
Property Taxes 913,827 925,000 2,084 893,540 96.6%
Interest Income 10,174 1,000 1,473 12,492 1249.2%
Other Revenue 14,724 27,500 21,723 79.0%
Revenue Total 938,725 953,500 3,557 927,756 97.3%
Expenses
Salary and Benefits 398,809 407,294 28,855 274,623 67.4%
Services and Supplies 578,513 859,482 63,729 601,144 69.9%
Miscellaneous 4,209 7,000 70 5,199 74.3%
Expenses Total 981,531 1,273,776 92,654 880,966 69.2%
Net (42,806) (320,276) (89,096) 46,790
Beginning Fund Balance 644,500 601,694 601,694 Fund Balance %
Ending Fund Balance 601,694 281,418 648,484 50.9%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
176 HEALTH AND HUMAN SERVICES Target = 75%
Revenue
Interest Income 247 - 80 100.0%
Other Revenue 22,593 - 0.0%
Interfund Transfers 828,471 828,471 69,039 621,353 75.0%
Intergovernmental Revenue 11,668 35,003 100.0%
Revenue Total 851,311 828,471 80,707 656,436 79.2%
Expenses
Salary and Benefits - - 0.0%
Services and Supplies 57,637 736,373 55,862 7.6%
Miscellaneous 10,000 - 0.0%
Community Sponsored Organizations 759,214 81,098 14,284 432,199 532.9%
Expenses Total 826,851 817,471 14,284 488,062 59.7%
Net 24,460 11,000 66,423 168,374
Beginning Fund Balance (10,815) 13,645 13,645 Fund Balance %
Ending Fund Balance 13,645 24,645 182,019 224.4%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
180 GOOD NEIGHBOR FUND Target = 75%
Revenue
Interest Income 2,718 2,000 402 3,835 191.7%
Other Revenue 1,000,000 1,000,000 1,000,000 100.0%
Revenue Total 1,002,718 1,002,000 402 1,003,835 100.2%
Expenses
Services and Supplies - - 25 526 100.0%
Miscellaneous 370,000 5,875 101,885 27.5%
Interfund Transfers 1,000,000 630,000 52,500 472,500 75.0%
Expenses Total 1,000,000 1,000,000 58,400 574,911 57.5%
Net 2,718 2,000 (57,998) 428,924
Beginning Fund Balance 1,884 4,602 4,602 Fund Balance %
Ending Fund Balance 4,602 6,602 433,526 43.4%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
185 LIBRARY FUND Target = 75%
Revenue
Property Taxes 6,597,472 6,810,000 15,691 6,662,605 97.8%
Interest Income 48,821 10,000 11,436 83,633 836.3%
Other Revenue 230,333 383,500 3,022 194,060 50.6%
Interfund Transfers 280,380 345,771 12,500 112,500 32.5%
Charges for Services 332 - 21 333 100.0%
Fines and Forfeitures 110,721 85,000 6,435 67,684 79.6%
Intergovernmental Revenue 163,324 123,000 99,286 128,062 104.1%
Library Revenue 220,981 188,000 24,651 99,444 52.9%
Revenue Total 7,652,365 7,945,271 173,042 7,348,321 92.5%
Expenses
Salary and Benefits 4,994,357 5,161,176 381,112 3,671,438 71.1%
Services and Supplies 1,829,028 2,230,488 131,372 1,283,897 57.6%
Capital Outlay 1,179 12,500 5 0.0%
Interfund Transfers 366,949 367,781 42,316 310,839 84.5%
Expenses Total 7,191,513 7,771,945 554,800 5,266,178 67.8%
Net 460,851 173,326 (381,759) 2,082,143
Beginning Fund Balance 1,042,304 1,503,155 1,503,155 Fund Balance %
Ending Fund Balance 1,503,155 1,676,481 3,585,298 46.1%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
186 LIBRARY DEBT SERVICE FUND Target = 75%
Revenue
Property Taxes 333,896 353,437 - 350,000 99.0%
Other Revenue - - - 0.0%
Revenue Total 333,896 353,437 - 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 - - 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 September 2019 YTD 2019 % YTD to Budget
187 LIBRARY CAPITAL IMPROVEMENT FD Target = 75%
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 19,652 100.0%
Interfund Transfers 1,250,000 1,250,000 1,250,000 100.0%
Capital Outlay 190,247 585,000 3,525 238,882 40.8%
Debt Service 26,631 - 0.0%
Expenses Total 1,497,577 1,835,000 3,525 1,508,534 82.2%
Net 660,150 - (3,525) 384,731
Beginning Fund Balance 308,399 968,549 968,549 Fund Balance %
Ending Fund Balance 968,549 968,549 1,353,280 73.7%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
200 MOTOR FUEL TAX FUND Target = 75%
Revenue
Interest Income 47,035 12,000 3,877 36,325 302.7%
Interfund Transfers 166,761 - 0.0%
Intergovernmental Revenue 1,906,519 1,910,000 247,695 1,484,494 77.7%
Revenue Total 2,120,315 1,922,000 251,572 1,520,819 79.1%
Expenses
Interfund Transfers 2,457,990 982,897 81,908 737,173 75.0%
Capital Outlay - 1,206,000 326,856 643,750 53.4%
Expenses Total 2,457,990 2,188,897 408,765 1,380,922 63.1%
Net (337,675) (266,897) (157,192) 139,897
Beginning Fund Balance 2,373,729 2,036,054 2,036,054 Fund Balance %
Ending Fund Balance 2,036,054 1,769,157 2,175,951 99.4%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
205 EMERGENCY TELEPHONE (E911) FUND Target = 75%
Revenue
Interest Income 13,504 7,000 1,297 16,665 238.1%
Other Revenue 863 - 0.0%
Other Taxes 1,478,608 1,312,800 118,456 965,442 73.5%
Revenue Total 1,492,975 1,319,800 119,753 982,107 74.4%
Expenses
Salary and Benefits 602,282 613,825 47,685 446,205 72.7%
Services and Supplies 210,642 290,400 26,451 214,593 73.9%
Interfund Transfers 73,366 74,034 6,170 55,526 75.0%
Capital Outlay 9,167 25,000 1,818 4,298 17.2%
Insurance and Other Chargebacks 17,448 18,230 1,519 13,672 75.0%
Expenses Total 912,905 1,021,489 83,643 734,294 71.9%
Net 580,069 298,311 36,110 247,812
Beginning Fund Balance 181,996 762,065 762,065 Fund Balance %
Ending Fund Balance 762,065 1,060,376 1,009,877 98.9%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
210 SPECIAL SERVICE AREA (SSA) #4 Target = 75%
Revenue
Interest Income 25 1 63 100.0%
Property Taxes 341,934 525,000 182 447,058 85.2%
Revenue Total 341,959 525,000 183 447,121 85.2%
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) - 183 184,621
Beginning Fund Balance (198,795) (226,836) (226,836) Fund Balance %
Ending Fund Balance (226,836) (226,836) (42,215) -8.0%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
215 CDBG FUND Target = 75%
Revenue
Other Revenue 14,347 297 100.0%
Intergovernmental Revenue 1,511,105 2,631,080 534,876 20.3%
Revenue Total 1,525,452 2,631,080 535,173 20.3%
Expenses
Salary and Benefits 447,460 509,100 31,716 305,304 60.0%
Services and Supplies 5,032 447,700 835 3,175 0.7%
Miscellaneous 154,443 971,410 23 9,440 1.0%
Interfund Transfers 21,050 634,640 775 6,972 1.1%
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 1,519 188,168 1032.2%
Expenses Total 1,526,206 2,631,080 34,868 608,482 23.1%
Net (754) - (34,868) (73,309)
Beginning Fund Balance 64,107 63,353 63,353 Fund Balance %
Ending Fund Balance 63,353 63,353 (9,956) -0.4%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
220 CDBG LOAN FUND Target = 75%
Revenue
Interest Income 5,087 - 640 5,507 100.0%
Other Revenue 114,531 250,000 2,133 94,691 37.9%
Revenue Total 119,618 250,000 2,773 100,199 40.1%
Expenses
Services and Supplies 190,484 250,000 50 50 0.0%
Insurance and Other Chargebacks 8,552 - 0.0%
Expenses Total 199,035 250,000 50 50 0.0%
Net (79,418) - 2,723 100,149
Beginning Fund Balance 252,612 173,194 173,194 Fund Balance %
Ending Fund Balance 173,194 173,194 273,343 109.3%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
235 NEIGHBORHOOD IMPROVEMENT Target = 75%
Revenue
Interest Income 1,066 - 116 726 100.0%
Revenue Total 1,066 - 116 726 100.0%
Expenses
Services and Supplies 163 - 7 91 100.0%
Interfund Transfers 100,000 - 0.0%
Miscellaneous - - 0.0%
Expenses Total 163 100,000 7 91 0.1%
Net 903 (100,000) 108 635
Beginning Fund Balance 170,171 171,074 171,074 Fund Balance %
Ending Fund Balance 171,074 71,074 171,709 171.7%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
240 HOME FUND Target = 75%
Revenue
Interest Income 5,451 - 51 136 100.0%
Other Revenue 27,477 - 4,439 22,695 100.0%
Intergovernmental Revenue 300,423 741,269 15,750 139,437 18.8%
Revenue Total 333,351 741,269 20,240 162,268 21.9%
Expenses
Salary and Benefits 36,173 33,375 1,808 20,652 61.9%
Services and Supplies 301,124 696,500 15,755 130,732 18.8%
Miscellaneous - 500 290 58.0%
Insurance and Other Chargebacks (1,992) 10,894 75 10,168 93.3%
Expenses Total 335,304 741,269 17,637 161,842 21.8%
Net (1,953) - 2,603 426
Beginning Fund Balance 9,277 7,324 7,324 Fund Balance %
Ending Fund Balance 7,324 7,324 7,750 1.0%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
250 AFFORDABLE HOUSING FUND Target = 75%
Revenue
Interest Income 14,449 4,500 3,054 22,257 494.6%
Other Revenue 134,417 2,530,600 2,401,075 2,705,692 106.9%
Other Taxes 58,700 80,000 15,000 45,000 56.3%
Intergovernmental Revenue 40,464 100.0%
Revenue Total 207,566 2,615,100 2,419,129 2,813,413 107.6%
Expenses
Salary and Benefits 82,955 136,697 9,820 94,521 69.1%
Services and Supplies 126,852 818,500 10,880 35,745 4.4%
Miscellaneous 43,387 52,500 456 16,125 30.7%
Insurance and Other Chargebacks 47,755 6,937 100.0%
Community Sponsored Organizations 18,006 20,000 3,247 10,058 50.3%
Capital Outlay 3,034 100.0%
Expenses Total 318,955 1,027,697 24,402 166,420 16.2%
Net (111,389) 1,587,403 2,394,726 2,646,993
Beginning Fund Balance 1,476,544 1,365,155 1,365,155 Fund Balance %
Ending Fund Balance 1,365,155 2,952,558 4,012,148 390.4%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
320 DEBT SERVICE FUND Target = 75%
Revenue
Property Taxes 10,520,453 10,879,993 18,268 10,460,467 96.1%
Other Revenue 7,106,441 - (4,815) 100.0%
Interfund Transfers 4,137,327 4,676,744 303,377 2,873,505 61.4%
Interest Income 159,322 1,500 18,941 113,462 7564.1%
Intergovernmental Revenue 86,624 87,457 7,288 65,592 75.0%
Revenue Total 22,010,168 15,645,694 347,874 13,508,211 86.3%
Expenses
Services and Supplies 63,225 120,000 5 23 0.0%
Debt Service 21,770,744 14,647,219 2,565,030 17.5%
Expenses Total 21,833,969 14,767,219 5 2,565,054 17.4%
Net 176,199 878,475 347,869 10,943,157
Beginning Fund Balance 241,782 417,981 417,981 Fund Balance %
Ending Fund Balance 417,981 1,296,456 11,361,138 76.9%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
330 HOWARD-RIDGE TIF FUND Target = 75%
Revenue
Property Taxes 622,345 655,000 679,320 103.7%
Interest Income 120 400 4,518 27,451 6862.8%
Other Revenue 3,530,261 5,366 894 33,900 631.8%
Revenue Total 4,152,727 660,766 5,412 740,671 112.1%
Expenses
Services and Supplies 490,957 400,000 9,111 22,271 5.6%
Interfund Transfers 105,319 346,225 5,000 188,112 54.3%
Capital Outlay 1,585,566 2,438 100.0%
Debt Service 1,401 - 42 49,843 100.0%
Insurance and Other Chargebacks 70 70 100.0%
Expenses Total 2,183,243 746,225 14,223 262,735 35.2%
Net 1,969,484 (85,459) (8,811) 477,937
Beginning Fund Balance 247,378 2,216,862 2,216,862 Fund Balance %
Ending Fund Balance 2,216,862 2,131,403 2,694,799 361.1%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
335 WEST EVANSTON TIF FUND Target = 75%
Revenue
Property Taxes 217,949 220,000 875 696,650 316.7%
Interest Income 12,403 4,000 1,174 9,131 228.3%
Other Revenue 11,311 11,000 2,057 9,254 84.1%
Revenue Total 241,663 235,000 4,105 715,035 304.3%
Expenses
Services and Supplies 6,831 2,347 2,852 100.0%
Interfund Transfers 30,000 30,000 2,500 22,500 75.0%
Debt Service 17,218 613,000 521 611,225 99.7%
Expenses Total 54,049 643,000 5,368 636,578 99.0%
Net 187,614 (408,000) (1,263) 78,457
Beginning Fund Balance 432,766 620,380 620,380 Fund Balance %
Ending Fund Balance 620,380 212,380 698,837 108.7%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
340 DEMPSTER-DODGE TIF FUND Target = 75%
Revenue
Property Taxes 136,927 275,000 122,797 44.7%
Interest Income 10 240 1,598 100.0%
Revenue Total 136,937 275,000 240 124,395 45.2%
Expenses
Services and Supplies 1,981 1,059 1,060 100.0%
Interfund Transfers 74,104 70,870 5,906 53,152 75.0%
Debt Service - - 0.0%
Expenses Total 76,085 70,870 6,965 54,213 76.5%
Net 60,852 204,130 (6,726) 70,182
Beginning Fund Balance (6,009) 54,843 54,843 Fund Balance %
Ending Fund Balance 54,843 258,973 125,025 176.4%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
345 CHICAGO-MAIN TIF Target = 75%
Revenue
Property Taxes 222,235 225,000 599,325 266.4%
Interest Income 23 - 1,218 7,974 100.0%
Revenue Total 222,258 225,000 1,218 607,299 269.9%
Expenses
Services and Supplies 1,981 1,059 1,065 100.0%
Interfund Transfers 107,561 100,610 8,384 75,457 75.0%
Debt Service - - 0.0%
Expenses Total 109,542 100,610 9,444 76,522 76.1%
Net 112,716 124,390 (8,225) 530,777
Beginning Fund Balance 61,193 173,909 173,909 Fund Balance %
Ending Fund Balance 173,909 298,299 704,686 700.4%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
350 SPECIAL SERVICE AREA (SSA) #6 Target = 75%
Revenue
Interest Income 34 500 380 1,944 388.9%
Property Taxes 222,944 221,000 222,434 100.6%
Revenue Total 222,978 221,500 380 224,379 101.3%
Expenses
Services and Supplies 222,086 221,500 1 0.0%
Expenses Total 222,086 221,500 1 0.0%
Net 892 - 380 224,378
Beginning Fund Balance 2,207 3,099 3,099 Fund Balance %
Ending Fund Balance 3,099 3,099 227,477 102.7%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
415 CAPITAL IMPROVEMENTS FUND Target = 75%
Revenue
Other Revenue 10,274,896 9,000,000 (453) 9,278,995 103.1%
Interfund Transfers 8,260,353 715,000 - 0.0%
Interest Income 198,795 - 28,398 224,311 100.0%
Intergovernmental Revenue 206,797 3,970,000 160,000 4.0%
Charges for Services 59,572 - 1,506 81,060 100.0%
Revenue Total 19,000,412 13,685,000 29,451 9,744,366 71.2%
Expenses
Salary and Benefits 650,911 648,393 50,461 484,986 74.8%
Services and Supplies 1,473,875 - 85,605 1,237,231 100.0%
Capital Outlay 10,942,274 13,612,156 910,255 4,539,537 33.3%
Interfund Transfers 793,576 - 0.0%
Expenses Total 13,860,636 14,260,549 1,046,322 6,261,754 43.9%
Net 5,139,776 (575,549) (1,016,871) 3,482,612
Beginning Fund Balance 8,758,472 13,898,248 13,898,248 Fund Balance %
Ending Fund Balance 13,898,248 13,322,699 17,380,860 121.9%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
416 CROWN CONSTRUCTION FUND Target = 75%
Revenue
Other Revenue 25,652,394 17,605,498 20,482,046 116.3%
Interest Income 159,657 50,000 50,532 417,351 834.7%
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 50,532 23,149,397 122.4%
Expenses
Services and Supplies 2,007,340 - 5 545,911 100.0%
Capital Outlay 7,753,657 23,670,000 2,510,650 13,933,944 58.9%
Debt Service - - 0.0%
Interfund Transfers 316,380 - 0.0%
Expenses Total 10,077,377 23,670,000 2,510,655 14,479,855 61.2%
Net 16,984,674 (4,764,502) (2,460,123) 8,669,541
Beginning Fund Balance 540,861 17,525,535 17,525,535 Fund Balance %
Ending Fund Balance 17,525,535 12,761,033 26,195,076 110.7%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
420 SPECIAL ASSESSMENT FUND Target = 75%
Revenue
Other Revenue 277,004 250,000 257,938 103.2%
Special Assessment 183,472 180,167 2,140 126,825 70.4%
Interest Income 55,067 38,000 5,385 60,364 158.9%
Revenue Total 515,543 468,167 7,525 445,127 95.1%
Expenses
Salary and Benefits 73,338 - 2,725 100.0%
Services and Supplies 1,953 - 5 2,722 100.0%
Interfund Transfers 513,427 286,955 23,913 215,216 75.0%
Capital Outlay 650,000 - 0.0%
Debt Service 303,736 - 0.0%
Expenses Total 892,454 936,955 23,918 220,664 23.6%
Net (376,911) (468,788) (16,393) 224,464
Beginning Fund Balance 2,997,700 2,620,789 2,620,789 Fund Balance %
Ending Fund Balance 2,620,789 2,152,001 2,845,253 303.7%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
505 PARKING SYSTEM FUND Target = 75%
Revenue
Licenses, Permits and Fees 2,798 21,082 22,487 100.0%
Charges for Services 6,299,952 10,343,855 886,167 7,335,298 70.9%
Interest Income 109,598 20,000 4,280 86,026 430.1%
Intergovernmental Revenue - - 0.0%
Other Revenue 337,563 202,020 22,129 186,740 92.4%
Interfund Transfers 3,037,704 - 0.0%
Revenue Total 9,787,615 10,565,875 933,659 7,630,552 72.2%
Expenses
Salary and Benefits 1,886,080 1,996,976 143,490 1,284,437 64.3%
Services and Supplies 3,887,706 3,546,775 835,988 2,986,213 84.2%
Insurance and Other Chargebacks 319,648 333,969 27,831 250,476 75.0%
Miscellaneous 231,879 304,000 51,535 17.0%
Contingencies 1,495 11,000 - 0.0%
Capital Outlay 81,227 3,510,000 186,309 1,272,860 36.3%
Interfund Transfers 1,440,417 3,512,807 263,567 2,372,105 67.5%
Debt Service 97,498 34,354 549 1.6%
Depreciation Expense 2,644,560 - 0.0%
Expenses Total 10,590,510 13,249,881 1,457,185 8,218,175 62.0%
Net (802,896) (2,684,006) 933,659 (587,623)
Beginning Fund Balance 3,912,251 3,109,355 3,109,355 Fund Balance %
Ending Fund Balance 3,109,355 425,349 2,521,732 19.0%
510-513 WATER FUND
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
Target = 75%
Revenue
Charges for Services 15,223,033 22,615,529 1,464,836 12,964,450 57.3%
Interest Income 255,928 40,000 66,810 518,181 1295.5%
Interfund Transfers 187,430 - 0.0%
Licenses, Permits and Fees 47,218 50,000 8,525 56,516 113.0%
Other Revenue 235,772 23,194,160 61,710 9,000,369 38.8%
Revenue Total 15,949,380 45,899,689 1,601,881 22,539,515 49.1%
Expenses
Salary and Benefits 5,804,716 5,533,772 416,942 4,060,926 73.4%
Services and Supplies 3,183,368 6,231,350 379,902 2,576,568 41.3%
Insurance and Other Chargebacks 470,397 489,481 46,588 376,746 77.0%
Capital Outlay 22,219 30,345,500 1,953,992 8,599,562 28.3%
Debt Service 819,926 2,081,841 565,930 27.2%
Interfund Transfers 3,682,309 3,932,313 327,693 2,949,235 75.0%
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 3,125,116 19,129,967 39.3%
Net (615,417) (2,757,568) (1,523,235) 3,409,548
Beginning Fund Balance 6,116,159 5,500,742 5,500,742 Fund Balance %
Ending Fund Balance 5,500,742 2,743,174 8,910,290 18.3%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
515 SEWER FUND Target = 75%
Revenue
Charges for Services 11,919,244 10,483,885 293,432 7,632,280 72.8%
Interest Income 56,455 5,000 2,985 30,072 601.4%
Other Revenue 3,002 3,104,000 1,031,752 33.2%
Interfund Transfers 187,430 - 0.0%
Revenue Total 12,166,129 13,592,885 296,416 8,694,104 64.0%
Expenses
Salary and Benefits 1,400,023 1,354,512 116,981 975,205 72.0%
Services and Supplies 301,786 304,500 61,925 958,874 314.9%
Insurance and Other Chargebacks 269,988 282,083 23,507 211,562 75.0%
Miscellaneous 230 1,500 1,610 107.3%
Capital Outlay (654) 4,890,636 (18,094) 373,941 7.6%
Interfund Transfers 991,677 1,773,532 64,461 1,580,149 89.1%
Debt Service 959,123 6,148,475 1,276,838 4,759,458 77.4%
Depreciation Expense 3,615,269 - 0.0%
Expenses Total 7,537,442 14,755,238 1,525,617 8,860,799 60.1%
Net 4,628,687 (1,162,353) (1,229,201) (166,695)
Beginning Fund Balance (238,627) 4,390,060 4,390,060 Fund Balance %
Ending Fund Balance 4,390,060 3,227,707 4,223,366 28.6%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
520 SOLID WASTE FUND Target = 75%
Revenue
Property Taxes 410,000 820,000 820,000 100.0%
Charges for Services 3,672,193 4,239,270 391,908 2,964,501 69.9%
Other Revenue 124,222 138,000 1,495 78,388 56.8%
Interfund Transfers 705,967 150,000 12,500 112,500 75.0%
Licenses, Permits and Fees 286,662 486,000 75,578 205,149 42.2%
Revenue Total 5,199,044 5,833,270 481,480 4,180,537 71.7%
Expenses
Salary and Benefits 1,075,012 1,076,209 81,153 770,146 71.6%
Services and Supplies 3,432,094 3,601,076 320,865 2,607,704 72.4%
Insurance and Other Chargebacks 1,520 - 898 100.0%
Miscellaneous 5,288 7,500 432 9,669 128.9%
Capital Outlay 14,013 386,650 6,848 71,902 18.6%
Interfund Transfers 322,362 322,362 26,864 241,772 75.0%
Debt Service 1,280 22,745 363 1.6%
Expenses Total 4,851,568 5,416,542 436,161 3,702,454 68.4%
Net 347,476 416,728 45,319 478,084
Beginning Fund Balance (1,451,490) (1,104,014) (1,104,014) Fund Balance %
Ending Fund Balance (1,104,014) (687,286) (625,930) -11.6%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
600 FLEET SERVICES FUND Target = 75%
Revenue
Charges for Services 2,988,640 2,950,415 245,868 2,212,812 75.0%
Other Revenue 18,765 81,781 45 11,401 13.9%
Interest Income 24 1,000 - 0.0%
Revenue Total 3,007,429 3,033,196 245,913 2,224,213 73.3%
Expenses
Salary and Benefits 1,117,721 1,117,701 81,764 778,009 69.6%
Services and Supplies 1,956,650 2,030,057 150,440 1,374,730 67.7%
Miscellaneous 118 - 0.0%
Interfund Transfers 33,442 35,114 2,926 26,336 75.0%
Insurance and Other Chargebacks 868 - 1,736 17,357 100.0%
Contingencies - 450 76 16.9%
Capital Outlay 2,904 100.0%
Expenses Total 3,108,799 3,183,322 236,866 2,199,411 69.1%
Net (101,370) (150,126) 9,047 24,802
Beginning Fund Balance 332,586 231,216 231,216 Fund Balance %
Ending Fund Balance 231,216 81,090 256,018 8.0%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
601 EQUIPMENT REPLACEMENT FUND Target = 75%
Revenue
Charges for Services 1,334,732 1,309,732 109,144 982,300 75.0%
Interest Income 5,037 - 335 2,580 100.0%
Other Revenue (74,225) 210,217 7,183 21,943 10.4%
Revenue Total 1,265,543 1,519,949 116,662 1,006,823 66.2%
Expenses
Services and Supplies 40,745 75,000 21 36,015 48.0%
Capital Outlay 41,579 1,547,977 99,251 1,249,319 80.7%
Depreciation Expense 1,695,533 - 0.0%
Expenses Total 1,777,856 1,622,977 99,272 1,285,334 79.2%
Net (512,313) (103,028) 17,390 (278,511)
Beginning Fund Balance 1,523,611 1,011,298 1,011,298 Fund Balance %
Ending Fund Balance 1,011,298 908,270 732,787 45.2%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
605 INSURANCE FUND Target = 75%
Revenue
Other Revenue 10,447,722 10,391,176 860,798 7,654,887 73.7%
Charges for Services 167,917 52 100.0%
Interfund Transfers - 54,958 - 0.0%
Insurance 5,628,212 6,118,205 441,479 4,416,680 72.2%
Workers Compensation and Liability 2,087,381 3,026,943 246,647 2,260,623 74.7%
Interest Income - 1,000 - 0.0%
Revenue Total 18,331,231 19,592,282 1,548,924 14,332,241 73.2%
Expenses
Salary and Benefits 577,318 630,531 46,877 392,231 62.2%
Services and Supplies 6,414,377 2,420,448 76,563 3,848,563 159.0%
Insurance and Other Chargebacks 15,780,235 15,901,777 1,245,685 12,112,323 76.2%
Capital Outlay 5,011 - 0.0%
Interfund Transfers 9,632 10,114 843 7,585 75.0%
Expenses Total 22,786,573 18,962,870 1,369,968 16,360,702 86.3%
Net (4,455,342) 629,412 178,956 (2,028,461)
Beginning Fund Balance (4,338,505) (8,793,847) (8,793,847) Fund Balance %
Ending Fund Balance (8,793,847) (8,164,435) (10,822,308) -57.1%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
700 FIRE PENSION FUND Target = 75%
Revenue
Other Revenue 3,825,767 9,068,084 82,841 17,481,446 192.8%
Interfund Transfers - 20,000 - 0.0%
Interest Income 2,230,596 2,500,000 1,025,779 41.0%
Other Taxes - 280,000 - 0.0%
Revenue Total 6,056,363 11,868,084 82,841 18,507,225 155.9%
Expenses
Salary and Benefits 9,256,585 9,333,500 802,851 7,268,990 77.9%
Miscellaneous 91,737 - 195,402 100.0%
Expenses Total 9,348,322 9,333,500 802,851 7,464,392 80.0%
Net (3,291,959) 2,534,584 (720,010) 11,042,833
Beginning Fund Balance 79,073,077 75,781,118 75,781,118 Fund Balance %
Ending Fund Balance 75,781,118 78,315,702 86,823,951 930.2%
2018 Actual 2019 Budget September 2019 YTD 2019 % YTD to Budget
705 POLICE PENSION FUND Target = 75%
Revenue
Interest Income 2,971,614 3,000,000 380,903 2,206,841 73.6%
Other Revenue 4,442,478 15,946,808 1,076,053 27,121,676 170.1%
Interfund Transfers - - 0.0%
Other Taxes 325,000 - 0.0%
Revenue Total 7,414,092 19,271,808 1,456,955 29,328,517 152.2%
Expenses
Salary and Benefits 11,996,570 12,601,500 1,043,951 9,401,482 74.6%
Miscellaneous 292,132 275,000 224,619 81.7%
Expenses Total 12,288,703 12,876,500 1,043,951 9,626,101 74.8%
Net (4,874,611) 6,395,308 413,005 19,702,416
Beginning Fund Balance 121,629,668 116,755,057 116,755,057 Fund Balance %
Ending Fund Balance 116,755,057 123,150,365 136,457,473 1059.7%