HomeMy WebLinkAbout2019.10 October Monthly Report
To: Erika Storlie, Interim City Manager
From: Hitesh Desai, CFO/City Treasurer
Kate Lewis-Lakin, Budget Coordinator
Subject: October 2019 Monthly Financial Report
Date: December 3, 2019
Please find attached the unaudited financial statements as of October 31, 2019. A
summary by fund for revenues, expenditures, fund and cash balances is as follows:
Memorandum
October 2019 Revenue Expense Net Fund Balance Cash Balance
100 GENERAL FUND 101,743,844 95,979,782 5,764,062 19,396,425 13,669,397
175 GENERAL ASSISTANCE FUND 934,790 973,097 (38,306) 563,387 563,387
176 HEALTH AND HUMAN SERVICES 737,143 684,099 53,044 66,688 66,688
180 GOOD NEIGHBOR FUND 1,004,028 627,430 376,598 381,200 381,200
185 LIBRARY FUND 7,444,736 5,882,486 1,562,250 3,065,405 3,065,310
186 LIBRARY DEBT SERVICE FUND 350,000 85,438 264,562 269,143 269,143
187 LIBRARY CAPITAL IMPROVEMENT FD 1,893,266 1,806,875 86,390 1,054,940 1,054,940
200 MOTOR FUEL TAX FUND 1,793,645 1,693,990 99,654 2,135,709 1,973,928
205 EMERGENCY TELEPHONE (E911) FUND 1,105,908 807,302 298,606 1,060,671 818,010
210 SPECIAL SERVICE AREA (SSA) #4 447,701 393,750 53,951 (172,885) (172,885)
215 CDBG FUND 796,407 980,860 (184,453) (121,100) (121,100)
220 CDBG LOAN FUND 104,630 24,041 80,589 253,783 253,783
235 NEIGHBORHOOD IMPROVEMENT 782 97 685 171,759 171,759
240 HOME FUND 176,999 178,262 (1,263) 6,061 6,061
250 AFFORDABLE HOUSING FUND 2,821,414 203,251 2,618,163 3,983,318 4,081,972
320 DEBT SERVICE FUND 13,904,751 2,565,057 11,339,694 11,757,675 11,833,544
330 HOWARD-RIDGE TIF FUND 751,801 277,297 474,504 2,691,366 2,693,635
335 WEST EVANSTON TIF FUND 729,447 639,078 90,370 710,750 710,750
340 DEMPSTER-DODGE TIF FUND 124,613 60,119 64,495 119,337 119,337
345 CHICAGO-MAIN TIF 612,938 84,906 528,032 701,941 701,941
350 SPECIAL SERVICE AREA (SSA) #6 225,407 223,367 2,040 5,139 5,139
415 CAPITAL IMPROVEMENTS FUND 10,047,811 7,792,649 2,255,161 16,153,410 17,522,597
416 CROWN CONSTRUCTION FUND 23,196,790 18,490,590 4,706,199 22,231,734 21,216,125
420 SPECIAL ASSESSMENT FUND 450,575 244,686 205,889 2,826,679 2,826,016
505 PARKING SYSTEM FUND 8,725,755 9,083,571 (357,816) 2,751,539 2,892,806
510 WATER FUND 24,207,689 22,278,207 1,929,482 7,430,224 6,096,522
515 SEWER FUND 9,627,316 9,437,622 189,694 4,579,754 2,907,814
520 SOLID WASTE FUND 4,510,662 4,214,191 296,472 (807,542) (390,370)
600 FLEET SERVICES FUND 2,472,608 2,407,651 64,957 296,173 (747,049)
601 EQUIPMENT REPLACEMENT FUND 1,116,097 1,458,365 (342,268) 669,030 669,030
605 INSURANCE FUND 15,931,475 17,831,248 (1,899,773) (10,693,620) (6,374,420)
Grand Total 237,991,026 207,409,364 30,581,662 93,538,090 88,765,009
Included above are ending fund and cash balances as of October 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.
General Fund
The attached financials show General Fund revenues at 87.8% of budget and expenses at
84.1% of budget, compared to a 10-month target of 83%. Revenues are above target in a
number of areas. As of October 31, 99% of property tax revenue has been received.
Expenses are above target of 83% in some departments. Police and Fire show expenses
at 85.0% and 89.4% 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-
99% of pension property taxes have been received and transferred to pension funds.
When those transfers are removed, Police and Fire both show expense around or under
83% of budget.
2019 Budget 2019 YTD
% Actual to
Budget
Police Department
Total Expenses $38,737,094 $32,926,503 85.0%
Pension Fund Transfer $10,462,704 $10,399,333 99.4%
Expenses without Transfer $28,274,390 $22,527,170 79.7%
Fire Department
Total Expenses $24,379,850 $21,792,755 89.4%
Pension Fund Transfer $8,344,947 $8,193,128 98.2%
Expenses without Transfer $16,034,903 $13,599,627 84.8%
Overtime in Police and Fire are trending high, as shown in the table below. As of October
31, both departments have spent more than the annual budget for overtime. The 2020
Proposed Budget includes an increase in overtime for both departments, to more closely
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 $1,111,418 115.9%
Fire $1,007,263 $759,956 $1,131,806 148.9%
In the Police department, some of the additional overtime is reimbursed by businesses,
community groups, and Northwestern University. As of October 31, $476,494 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 is reimbursing 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 October 31,
the department had spent 79% of budget in Regular Pay, a savings of $220,000. The
department has recently filled some of those vacancies, and has seen overtime going
down during the fall months. Revenue of $69,183 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 October 31, 2019 are slightly below target of 83%. Parking
revenue tends to be higher in the fall months and during Northwestern football season.
Revenue collected each month has increased since January, and November is expected
to be a high month. Expenses also remain well below target, due to the delay of some
capital projects to 2020.
Through October 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 October 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 primarily
funded through IEPA loan financing, budgeted as Other Revenue.
Through October 31, 2019, the Solid Waste Fund has a negative fund balance of
$807,542 and a negative cash balance of $390,370. The Solid Waste Fund has received
100% of budgeted property tax revenue for the year.
Other Funds
Through October 31, 2019, the SSA #4 Fund is showing a negative fund and cash balance
of $172,885.
Through October 31, 2019, the CDBG Fund shows a negative fund and cash balance of
$121,100. This is due to a delay in federal program reimbursements.
Through October 31, 2019, the Capital Improvements Fund is showing a fund balance of
$16,153,410 and a cash balance of $17,522,597. The fund continues to spend down
2019B bond proceeds received in June 2019.
Through October 31, 2019, the Crown Construction fund is showing fund balance of
$22,231,734 and cash balance of $21,216,125. 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 bond proceeds.
Through October 31, 2019, the Insurance Fund is showing a negative fund balance of
$10,693,620 and a negative cash balance of $6,374,420. The fund had high expenses in
the first quarter from legal fees and settlements. Fund balance is significantly lower than
cash balance due to accrued liabilities for pending litigations.
If there are any questions on the attached report, please contact me by phone at (847)
448-8082 or by email: hdesai@cityofevanston.org. Detailed fund summary reports can be
found at: http://www.cityofevanston.org/city-budget/financial-reports/.
CERTIFICATION OF ATTACHED FINANCIAL REPORTS
As required per Illinois Statute 65 ILCS 5/3.1-35-45 I, Hitesh Desai, Treasurer of the City
of Evanston, hereby affirm that I have reviewed the October 31, 2019 year-to-date
financial information and reports which to the best of my knowledge appear accurate and
complete.
January February March April May*June*July August September October
2019 Unreserved
Fund Balance 14,074,270$ 15,248,569$ 19,960,779$ 18,594,617$ 17,601,206$ 16,913,780$ 19,181,628$ 21,272,425$ 20,103,645$ 19,396,425$
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$ 16,923,253$ 16,225,727$
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$ 13,669,397$
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$ 11,463,410$
*In 2019, May and November have 3 payrolls. In 2018, June and December had 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 October 2019 YTD 2019 % YTD to Budget
100 GENERAL FUND Target = 83%
Revenue
Property Taxes 28,188,353 30,047,955 197,288 29,738,574 99.0%
Other Taxes 52,673,637 53,671,300 4,767,056 43,736,491 81.5%
Licenses, Permits and Fees 9,165,957 7,651,400 391,797 6,560,591 85.7%
Charges for Services 10,396,458 8,900,909 489,293 7,914,100 88.9%
Fines and Forfeitures 3,765,058 4,700,500 521,647 4,026,543 85.7%
Interest Income 94,681 55,100 20,556 185,782 337.2%
Intergovernmental Revenue 1,466,926 994,303 105,218 1,257,968 126.5%
Other Revenue 1,948,636 988,300 141,587 976,283 98.8%
Interfund Transfers 8,133,142 8,877,103 734,751 7,347,511 82.8%
Revenue Total 115,832,848 115,886,870 7,369,194 101,743,844 87.8%
Expenses
13 CITY COUNCIL 547,350 528,173 39,309 434,877 82.3%
14 CITY CLERK 217,987 180,704 11,753 180,332 99.8%
15 CITY MANAGER'S OFFICE 7,325,385 7,997,018 1,016,558 6,498,764 81.3%
17 LAW 688,728 646,183 44,028 588,228 91.0%
19 ADMINISTRATIVE SERVICES 9,222,431 9,483,577 886,446 7,567,993 79.8%
21 COMMUNITY DEVELOPMENT 3,579,836 3,480,360 248,237 2,445,016 70.3%
22 POLICE 39,403,536 38,737,094 2,235,482 32,926,503 85.0%
23 FIRE MGMT & SUPPORT 24,816,621 24,379,850 1,502,731 21,792,755 89.4%
24 HEALTH 3,187,980 3,190,606 248,290 2,443,784 76.6%
30 PARKS, REC. AND COMMUNITY SERV.12,901,743 12,297,508 808,398 10,259,850 83.4%
40 PUBLIC WORKS AGENCY 13,524,988 13,232,299 1,035,182 10,841,681 81.9%
Expenses Total 115,416,584 114,153,372 8,076,414 95,979,782 84.1%
Net 416,264 1,733,498 (707,220) 5,764,062
Beginning Fund Balance 13,216,099 13,632,363 13,632,363 Fund Balance %
Ending Fund Balance 13,632,363 15,365,861 19,396,425 17.0%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
505 PARKING SYSTEM FUND Target = 83%
Revenue
Licenses, Permits and Fees 2,798 29,076 51,563 100.0%
Charges for Services 6,299,952 10,343,855 1,036,151 8,371,450 80.9%
Interest Income 109,598 20,000 6,818 92,845 464.2%
Intergovernmental Revenue - - 0.0%
Other Revenue 337,563 202,020 23,157 209,897 103.9%
Interfund Transfers 3,037,704 - 0.0%
Revenue Total 9,787,615 10,565,875 1,095,203 8,725,755 82.6%
Expenses
Salary and Benefits 1,886,080 1,996,976 139,723 1,424,160 71.3%
Services and Supplies 3,887,706 3,546,775 432,589 3,418,802 96.4%
Insurance and Other Chargebacks 319,648 333,969 27,831 278,307 83.3%
Miscellaneous 231,879 304,000 51,535 17.0%
Contingencies 1,495 11,000 - 0.0%
Capital Outlay 81,227 3,510,000 1,686 1,274,546 36.3%
Interfund Transfers 1,440,417 3,512,807 263,567 2,635,673 75.0%
Debt Service 97,498 34,354 549 1.6%
Depreciation Expense 2,644,560 - 0.0%
Expenses Total 10,590,510 13,249,881 865,396 9,083,571 68.6%
Net (802,896) (2,684,006) 1,095,203 (357,816)
Beginning Fund Balance 3,912,251 3,109,355 3,109,355 Fund Balance %
Ending Fund Balance 3,109,355 425,349 2,751,539 20.8%
510-513 WATER FUND
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
Target = 83%
Revenue
Charges for Services 15,223,033 22,615,529 1,456,263 14,420,713 63.8%
Interest Income 255,928 40,000 73,309 591,490 1478.7%
Interfund Transfers 187,430 - 0.0%
Licenses, Permits and Fees 47,218 50,000 8,820 65,336 130.7%
Other Revenue 235,772 23,194,160 129,781 9,130,150 39.4%
Revenue Total 15,949,380 45,899,689 1,668,174 24,207,689 52.7%
Expenses
Salary and Benefits 5,804,716 5,533,772 415,786 4,476,712 80.9%
Services and Supplies 3,183,368 6,231,350 448,012 3,024,581 48.5%
Insurance and Other Chargebacks 470,397 489,481 42,197 418,942 85.6%
Capital Outlay 22,219 30,345,500 1,880,799 10,480,362 34.5%
Debt Service 819,926 2,081,841 33,752 599,683 28.8%
Interfund Transfers 3,682,309 3,932,313 327,693 3,276,928 83.3%
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 3,148,239 22,278,207 45.8%
Net (615,417) (2,757,568) (1,480,066) 1,929,482
Beginning Fund Balance 6,116,159 5,500,742 5,500,742 Fund Balance %
Ending Fund Balance 5,500,742 2,743,174 7,430,224 15.3%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
515 SEWER FUND Target = 83%
Revenue
Charges for Services 11,919,244 10,483,885 930,587 8,562,867 81.7%
Interest Income 56,455 5,000 2,625 39,755 795.1%
Other Revenue 3,002 3,104,000 1,031,752 33.2%
Interfund Transfers 187,430 - 0.0%
Revenue Total 12,166,129 13,592,885 933,212 9,634,375 70.9%
Expenses
Salary and Benefits 1,400,023 1,354,512 102,351 1,077,556 79.6%
Services and Supplies 301,786 304,500 8,415 967,289 317.7%
Insurance and Other Chargebacks 269,988 282,083 23,507 235,068 83.3%
Miscellaneous 230 1,500 230 1,840 122.6%
Capital Outlay (654) 4,890,636 319,272 693,212 14.2%
Interfund Transfers 991,677 1,773,532 64,461 1,644,610 92.7%
Debt Service 959,123 6,148,475 66,000 4,825,459 78.5%
Depreciation Expense 3,615,269 - - 0.0%
Expenses Total 7,537,442 14,755,238 584,235 9,445,034 64.0%
Net 4,628,687 (1,162,353) 348,977 189,341
Beginning Fund Balance (238,627) 4,390,060 4,390,060 Fund Balance %
Ending Fund Balance 4,390,060 3,227,707 4,579,401 31.0%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
520 SOLID WASTE FUND Target = 83%
Revenue
Property Taxes 410,000 820,000 820,000 100.0%
Charges for Services 3,672,193 4,239,270 289,433 3,253,934 76.8%
Other Revenue 124,222 138,000 27,841 106,229 77.0%
Interfund Transfers 705,967 150,000 12,500 125,000 83.3%
Licenses, Permits and Fees 286,662 486,000 351 205,500 42.3%
Revenue Total 5,199,044 5,833,270 330,125 4,510,662 77.3%
Expenses
Salary and Benefits 1,075,012 1,076,209 87,079 857,225 79.7%
Services and Supplies 3,432,094 3,601,076 388,589 2,996,293 83.2%
Insurance and Other Chargebacks 1,520 - 898 100.0%
Miscellaneous 5,288 7,500 1,790 11,459 152.8%
Capital Outlay 14,013 386,650 7,415 79,317 20.5%
Interfund Transfers 322,362 322,362 26,864 268,635 83.3%
Debt Service 1,280 22,745 363 1.6%
Expenses Total 4,851,568 5,416,542 511,737 4,214,191 77.8%
Net 347,476 416,728 (181,612) 296,472
Beginning Fund Balance (1,451,490) (1,104,014) (1,104,014) Fund Balance %
Ending Fund Balance (1,104,014) (687,286) (807,542) -14.9%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
175 GENERAL ASSISTANCE FUND Target = 83%
Revenue
Property Taxes 913,827 925,000 5,881 899,421 97.2%
Interest Income 10,174 1,000 1,154 13,646 1364.6%
Other Revenue 14,724 27,500 21,723 79.0%
Revenue Total 938,725 953,500 7,035 934,790 98.0%
Expenses
Salary and Benefits 398,809 407,294 27,989 302,612 74.3%
Services and Supplies 578,513 859,482 64,142 665,286 77.4%
Miscellaneous 4,209 7,000 5,199 74.3%
Expenses Total 981,531 1,273,776 92,131 973,097 76.4%
Net (42,806) (320,276) (85,097) (38,306)
Beginning Fund Balance 644,500 601,694 601,694 Fund Balance %
Ending Fund Balance 601,694 281,418 563,388 44.2%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
176 HUMAN SERVICES FUND Target = 83%
Revenue
Interest Income 247 - 80 100.0%
Other Revenue 22,593 - 0.0%
Interfund Transfers 828,471 828,471 69,039 690,393 83.3%
Intergovernmental Revenue 11,668 46,671 100.0%
Revenue Total 851,311 828,471 80,707 737,143 89.0%
Expenses
Salary and Benefits - - 0.0%
Services and Supplies 57,637 736,373 35,010 90,872 12.3%
Miscellaneous 10,000 - 0.0%
Community Sponsored Organizations 759,214 81,098 161,028 593,227 731.5%
Expenses Total 826,851 817,471 196,038 684,099 83.7%
Net 24,460 11,000 (115,331) 53,044
Beginning Fund Balance (10,816) 13,645 13,645 Fund Balance %
Ending Fund Balance 13,645 24,645 66,688 8.2%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
180 GOOD NEIGHBOR FUND Target = 83%
Revenue
Interest Income 2,718 2,000 193 4,028 201.4%
Other Revenue 1,000,000 1,000,000 1,000,000 100.0%
Revenue Total 1,002,718 1,002,000 193 1,004,028 100.2%
Expenses
Services and Supplies - - 19 545 100.0%
Miscellaneous 370,000 101,885 27.5%
Interfund Transfers 1,000,000 630,000 52,500 525,000 83.3%
Expenses Total 1,000,000 1,000,000 52,519 627,430 62.7%
Net 2,718 2,000 (52,326) 376,598
Beginning Fund Balance 1,884 4,602 4,602 Fund Balance %
Ending Fund Balance 4,602 6,602 381,200 38.1%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
185 LIBRARY FUND Target = 83%
Revenue
Property Taxes 6,597,472 6,810,000 43,297 6,705,902 98.5%
Interest Income 48,821 10,000 9,738 93,371 933.7%
Other Revenue 230,333 383,500 14,003 208,063 54.3%
Interfund Transfers 280,380 345,771 12,500 125,000 36.2%
Charges for Services 332 - 27 360 100.0%
Fines and Forfeitures 110,721 85,000 7,841 75,525 88.9%
Intergovernmental Revenue 163,324 123,000 6,665 134,727 109.5%
Library Revenue 220,981 188,000 2,344 101,788 54.1%
Revenue Total 7,652,365 7,945,271 96,415 7,444,736 93.7%
Expenses
Salary and Benefits 4,994,357 5,161,176 389,387 4,060,824 78.7%
Services and Supplies 1,829,028 2,230,488 184,605 1,468,502 65.8%
Capital Outlay 1,179 12,500 5 0.0%
Interfund Transfers 366,949 367,781 42,316 353,155 96.0%
Expenses Total 7,191,513 7,771,945 616,308 5,882,486 75.7%
Net 460,851 173,326 (519,894) 1,562,250
Beginning Fund Balance 1,042,304 1,503,155 1,503,155 Fund Balance %
Ending Fund Balance 1,503,155 1,676,481 3,065,405 39.4%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
186 LIBRARY DEBT SERVICE FUND Target = 83%
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 October 2019 YTD 2019 % YTD to Budget
187 LIBRARY CAPITAL IMPROVEMENT FD Target = 83%
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 30,700 766 20,418 100.0%
Interfund Transfers 1,250,000 1,250,000 1,250,000 100.0%
Capital Outlay 190,247 585,000 297,575 536,457 91.7%
Debt Service 26,631 - 0.0%
Expenses Total 1,497,577 1,835,000 298,341 1,806,875 98.5%
Net 660,150 - (298,341) 86,390
Beginning Fund Balance 308,399 968,549 968,549 Fund Balance %
Ending Fund Balance 968,549 968,549 1,054,939 57.5%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
200 MOTOR FUEL TAX FUND Target = 83%
Revenue
Interest Income 47,035 12,000 3,777 40,102 334.2%
Interfund Transfers 166,761 - 0.0%
Intergovernmental Revenue 1,906,519 1,910,000 269,048 1,753,542 91.8%
Revenue Total 2,120,315 1,922,000 272,826 1,793,645 93.3%
Expenses
Interfund Transfers 2,457,990 982,897 81,908 819,081 83.3%
Capital Outlay - 1,206,000 231,160 874,910 72.5%
Expenses Total 2,457,990 2,188,897 313,068 1,693,990 77.4%
Net (337,675) (266,897) (40,242) 99,654
Beginning Fund Balance 2,373,729 2,036,054 2,036,054 Fund Balance %
Ending Fund Balance 2,036,054 1,769,157 2,135,708 97.6%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
205 EMERGENCY TELEPHONE (E911) FUND Target = 83%
Revenue
Interest Income 13,504 7,000 955 17,620 251.7%
Other Revenue 863 - 0.0%
Other Taxes 1,478,608 1,312,800 122,847 1,088,288 82.9%
Revenue Total 1,492,975 1,319,800 123,802 1,105,908 83.8%
Expenses
Salary and Benefits 602,282 613,825 47,006 493,211 80.4%
Services and Supplies 210,642 290,400 18,314 232,907 80.2%
Interfund Transfers 73,366 74,034 6,170 61,695 83.3%
Capital Outlay 9,167 25,000 4,298 17.2%
Insurance and Other Chargebacks 17,448 18,230 1,519 15,191 83.3%
Expenses Total 912,905 1,021,489 73,008 807,302 79.0%
Net 580,069 298,311 50,794 298,606
Beginning Fund Balance 181,996 762,065 762,065 Fund Balance %
Ending Fund Balance 762,065 1,060,376 1,060,671 103.8%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
210 SPECIAL SERVICE AREA (SSA) #4 Target = 83%
Revenue
Interest Income 25 63 100.0%
Property Taxes 341,934 525,000 580 447,638 85.3%
Revenue Total 341,959 525,000 580 447,701 85.3%
Expenses
Services and Supplies 370,000 525,000 131,250 393,750 75.0%
Expenses Total 370,000 525,000 131,250 393,750 75.0%
Net (28,041) - (130,670) 53,951
Beginning Fund Balance (198,795) (226,836) (226,836) Fund Balance %
Ending Fund Balance (226,836) (226,836) (172,885) -32.9%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
215 CDBG FUND Target = 83%
Revenue
Other Revenue 14,347 297 100.0%
Intergovernmental Revenue 1,511,105 2,631,080 261,234 796,110 30.3%
Revenue Total 1,525,452 2,631,080 261,234 796,407 30.3%
Expenses
Salary and Benefits 447,460 509,100 31,571 336,875 66.2%
Services and Supplies 5,032 447,700 1,232 4,407 1.0%
Miscellaneous 154,443 971,410 13,781 23,221 2.4%
Interfund Transfers 21,050 634,640 775 7,747 1.2%
Capital Outlay 443,440 11,000 86,392 100.0%
Community Sponsored Organizations 161,448 50,000 239,034 259,064 518.1%
Insurance and Other Chargebacks 293,332 18,230 74,986 263,154 1443.5%
Expenses Total 1,526,206 2,631,080 372,378 980,860 37.3%
Net (754) - (111,144) (184,453)
Beginning Fund Balance 64,107 63,353 63,353 Fund Balance %
Ending Fund Balance 63,353 63,353 (121,100) -4.6%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
220 CDBG LOAN FUND Target = 83%
Revenue
Interest Income 5,087 - 575 6,083 100.0%
Other Revenue 114,531 250,000 3,856 98,547 39.4%
Revenue Total 119,618 250,000 4,431 104,630 41.9%
Expenses
Services and Supplies 190,484 250,000 23,991 24,041 9.6%
Insurance and Other Chargebacks 8,552 - 0.0%
Expenses Total 199,035 250,000 23,991 24,041 9.6%
Net (79,418) - (19,560) 80,589
Beginning Fund Balance 252,612 173,194 173,194 Fund Balance %
Ending Fund Balance 173,194 173,194 253,783 101.5%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
235 NEIGHBORHOOD IMPROVEMENT Target = 83%
Revenue
Interest Income 1,066 - 56 782 100.0%
Revenue Total 1,066 - 56 782 100.0%
Expenses
Services and Supplies 163 - 6 97 100.0%
Interfund Transfers 100,000 - 0.0%
Miscellaneous - - 0.0%
Expenses Total 163 100,000 6 97 0.1%
Net 903 (100,000) 50 685
Beginning Fund Balance 170,171 171,074 171,074 Fund Balance %
Ending Fund Balance 171,074 71,074 171,759 171.8%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
240 HOME FUND Target = 83%
Revenue
Interest Income 5,451 - 44 180 100.0%
Other Revenue 27,477 - 22,695 100.0%
Intergovernmental Revenue 300,423 741,269 14,687 154,124 20.8%
Revenue Total 333,351 741,269 14,731 176,999 23.9%
Expenses
Salary and Benefits 36,173 33,375 1,654 22,306 66.8%
Services and Supplies 301,124 696,500 14,692 145,424 20.9%
Miscellaneous - 500 290 58.0%
Insurance and Other Chargebacks (1,992) 10,894 75 10,243 94.0%
Expenses Total 335,304 741,269 16,420 178,262 24.0%
Net (1,953) - (1,689) (1,263)
Beginning Fund Balance 9,277 7,324 7,324 Fund Balance %
Ending Fund Balance 7,324 7,324 6,061 0.8%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
250 AFFORDABLE HOUSING FUND Target = 83%
Revenue
Interest Income 14,449 4,500 5,243 27,500 611.1%
Other Revenue 134,417 2,530,600 (242) 2,705,450 106.9%
Other Taxes 58,700 80,000 3,000 48,000 60.0%
Intergovernmental Revenue 40,464 100.0%
Revenue Total 207,566 2,615,100 8,001 2,821,414 107.9%
Expenses
Salary and Benefits 82,955 136,697 9,665 104,186 76.2%
Services and Supplies 126,852 818,500 1,630 37,374 4.6%
Miscellaneous 43,387 52,500 21,412 37,537 71.5%
Insurance and Other Chargebacks 47,755 3,724 10,661 100.0%
Community Sponsored Organizations 18,006 20,000 10,058 50.3%
Capital Outlay 400 3,434 100.0%
Expenses Total 318,955 1,027,697 36,831 203,251 19.8%
Net (111,389) 1,587,403 (28,830) 2,618,163
Beginning Fund Balance 1,476,544 1,365,155 1,365,155 Fund Balance %
Ending Fund Balance 1,365,155 2,952,558 3,983,318 387.6%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
320 DEBT SERVICE FUND Target = 83%
Revenue
Property Taxes 10,520,453 10,879,993 68,306 10,528,773 96.8%
Other Revenue 7,106,441 - (4,815) 100.0%
Interfund Transfers 4,137,327 4,676,744 303,377 3,176,883 67.9%
Interest Income 159,322 1,500 17,569 131,031 8735.4%
Intergovernmental Revenue 86,624 87,457 7,288 72,880 83.3%
Revenue Total 22,010,168 15,645,694 396,540 13,904,751 88.9%
Expenses
Services and Supplies 63,225 120,000 3 26 0.0%
Debt Service 21,770,744 14,647,219 2,565,030 17.5%
Expenses Total 21,833,969 14,767,219 3 2,565,057 17.4%
Net 176,199 878,475 396,537 11,339,694
Beginning Fund Balance 241,782 417,981 417,981 Fund Balance %
Ending Fund Balance 417,981 1,296,456 11,757,675 79.6%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
330 HOWARD-RIDGE TIF FUND Target = 83%
Revenue
Property Taxes 622,345 655,000 679,320 103.7%
Interest Income 120 400 4,130 31,581 7895.3%
Other Revenue 3,530,261 5,366 7,000 40,900 762.2%
Revenue Total 4,152,727 660,766 11,130 751,801 113.8%
Expenses
Services and Supplies 490,957 400,000 9,563 31,834 8.0%
Interfund Transfers 105,319 346,225 5,000 193,112 55.8%
Capital Outlay 1,585,566 - 2,438 100.0%
Debt Service 1,401 - 49,843 100.0%
Insurance and Other Chargebacks 70 100.0%
Expenses Total 2,183,243 746,225 14,563 277,297 37.2%
Net 1,969,484 (85,459) (3,433) 474,504
Beginning Fund Balance 247,378 2,216,862 2,216,862 Fund Balance %
Ending Fund Balance 2,216,862 2,131,403 2,691,366 360.7%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
335 WEST EVANSTON TIF FUND Target = 83%
Revenue
Property Taxes 217,949 220,000 12,310 708,959 322.3%
Interest Income 12,403 4,000 1,075 10,206 255.1%
Other Revenue 11,311 11,000 1,028 10,283 93.5%
Revenue Total 241,663 235,000 14,413 729,447 310.4%
Expenses
Services and Supplies 6,831 2,852 100.0%
Interfund Transfers 30,000 30,000 2,500 25,000 83.3%
Debt Service 17,218 613,000 611,225 99.7%
Expenses Total 54,049 643,000 2,500 639,078 99.4%
Net 187,614 (408,000) 11,913 90,370
Beginning Fund Balance 432,766 620,380 620,380 Fund Balance %
Ending Fund Balance 620,380 212,380 710,750 110.5%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
340 DEMPSTER-DODGE TIF FUND Target = 83%
Revenue
Property Taxes 136,927 275,000 122,797 44.7%
Interest Income 10 218 1,816 100.0%
Revenue Total 136,937 275,000 218 124,613 45.3%
Expenses
Services and Supplies 1,981 1,060 100.0%
Interfund Transfers 74,104 70,870 5,906 59,058 83.3%
Debt Service - - 0.0%
Expenses Total 76,085 70,870 5,906 60,119 84.8%
Net 60,852 204,130 (5,688) 64,495
Beginning Fund Balance (6,009) 54,843 54,843 Fund Balance %
Ending Fund Balance 54,843 258,973 119,338 168.4%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
345 CHICAGO-MAIN TIF Target = 83%
Revenue
Property Taxes 222,235 225,000 599,325 266.4%
Interest Income 23 - 5,639 13,613 100.0%
Revenue Total 222,258 225,000 5,639 612,938 272.4%
Expenses
Services and Supplies 1,981 1,065 100.0%
Interfund Transfers 107,561 100,610 8,384 83,842 83.3%
Debt Service - - 0.0%
Expenses Total 109,542 100,610 8,384 84,906 84.4%
Net 112,716 124,390 (2,745) 528,032
Beginning Fund Balance 61,193 173,909 173,909 Fund Balance %
Ending Fund Balance 173,909 298,299 701,941 697.7%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
350 SPECIAL SERVICE AREA (SSA) #6 Target = 83%
Revenue
Interest Income 34 500 348 2,293 458.6%
Property Taxes 222,944 221,000 679 223,114 101.0%
Revenue Total 222,978 221,500 1,028 225,407 101.8%
Expenses
Services and Supplies 222,086 221,500 223,366 223,367 100.8%
Expenses Total 222,086 221,500 223,366 223,367 100.8%
Net 892 - (222,338) 2,040
Beginning Fund Balance 2,207 3,099 3,099 Fund Balance %
Ending Fund Balance 3,099 3,099 5,139 2.3%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
415 CAPITAL IMPROVEMENTS FUND Target = 83%
Revenue
Other Revenue 10,274,896 9,000,000 76,468 9,355,463 103.9%
Interfund Transfers 8,260,353 715,000 198,181 198,181 27.7%
Interest Income 198,795 - 25,914 250,225 100.0%
Intergovernmental Revenue 206,797 3,970,000 160,000 4.0%
Charges for Services 59,572 - 2,881 83,941 100.0%
Revenue Total 19,000,412 13,685,000 303,445 10,047,811 73.4%
Expenses
Salary and Benefits 650,911 648,393 50,520 535,506 82.6%
Services and Supplies 1,473,875 - 250,870 1,488,101 100.0%
Capital Outlay 10,942,274 13,612,156 1,229,505 5,769,042 42.4%
Interfund Transfers 793,576 - 0.0%
Expenses Total 13,860,636 14,260,549 1,530,896 7,792,649 54.6%
Net 5,139,776 (575,549) (1,227,451) 2,255,161
Beginning Fund Balance 8,758,472 13,898,248 13,898,248 Fund Balance %
Ending Fund Balance 13,898,248 13,322,699 16,153,409 113.3%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
416 CROWN CONSTRUCTION FUND Target = 83%
Revenue
Other Revenue 25,652,394 17,605,498 20,482,046 116.3%
Interest Income 159,657 50,000 47,393 464,744 929.5%
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 47,393 23,196,790 122.7%
Expenses
Services and Supplies 2,007,340 - 111,699 657,610 100.0%
Capital Outlay 7,753,657 23,670,000 3,899,036 17,832,980 75.3%
Debt Service - - 0.0%
Interfund Transfers 316,380 - 0.0%
Expenses Total 10,077,377 23,670,000 4,010,735 18,490,590 78.1%
Net 16,984,674 (4,764,502) (3,963,342) 4,706,199
Beginning Fund Balance 540,861 17,525,535 17,525,535 Fund Balance %
Ending Fund Balance 17,525,535 12,761,033 22,231,734 93.9%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
420 SPECIAL ASSESSMENT FUND Target = 83%
Revenue
Other Revenue 277,004 250,000 257,938 103.2%
Special Assessment 183,472 180,167 676 127,501 70.8%
Interest Income 55,067 38,000 4,772 65,136 171.4%
Revenue Total 515,543 468,167 5,448 450,575 96.2%
Expenses
Salary and Benefits 73,338 - 2,725 100.0%
Services and Supplies 1,953 - 109 2,832 100.0%
Interfund Transfers 513,427 286,955 23,913 239,129 83.3%
Capital Outlay 650,000 - 0.0%
Debt Service 303,736 - 0.0%
Expenses Total 892,454 936,955 24,022 244,686 26.1%
Net (376,911) (468,788) (18,574) 205,889
Beginning Fund Balance 2,997,700 2,620,789 2,620,789 Fund Balance %
Ending Fund Balance 2,620,789 2,152,001 2,826,678 301.7%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
505 PARKING SYSTEM FUND Target = 83%
Revenue
Licenses, Permits and Fees 2,798 29,076 51,563 100.0%
Charges for Services 6,299,952 10,343,855 1,036,151 8,371,450 80.9%
Interest Income 109,598 20,000 6,818 92,845 464.2%
Intergovernmental Revenue - - 0.0%
Other Revenue 337,563 202,020 23,157 209,897 103.9%
Interfund Transfers 3,037,704 - 0.0%
Revenue Total 9,787,615 10,565,875 1,095,203 8,725,755 82.6%
Expenses
Salary and Benefits 1,886,080 1,996,976 139,723 1,424,160 71.3%
Services and Supplies 3,887,706 3,546,775 432,589 3,418,802 96.4%
Insurance and Other Chargebacks 319,648 333,969 27,831 278,307 83.3%
Miscellaneous 231,879 304,000 51,535 17.0%
Contingencies 1,495 11,000 - 0.0%
Capital Outlay 81,227 3,510,000 1,686 1,274,546 36.3%
Interfund Transfers 1,440,417 3,512,807 263,567 2,635,673 75.0%
Debt Service 97,498 34,354 549 1.6%
Depreciation Expense 2,644,560 - 0.0%
Expenses Total 10,590,510 13,249,881 865,396 9,083,571 68.6%
Net (802,896) (2,684,006) 1,095,203 (357,816)
Beginning Fund Balance 3,912,251 3,109,355 3,109,355 Fund Balance %
Ending Fund Balance 3,109,355 425,349 2,751,539 20.8%
510-513 WATER FUND
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
Target = 83%
Revenue
Charges for Services 15,223,033 22,615,529 1,456,263 14,420,713 63.8%
Interest Income 255,928 40,000 73,309 591,490 1478.7%
Interfund Transfers 187,430 - 0.0%
Licenses, Permits and Fees 47,218 50,000 8,820 65,336 130.7%
Other Revenue 235,772 23,194,160 129,781 9,130,150 39.4%
Revenue Total 15,949,380 45,899,689 1,668,174 24,207,689 52.7%
Expenses
Salary and Benefits 5,804,716 5,533,772 415,786 4,476,712 80.9%
Services and Supplies 3,183,368 6,231,350 448,012 3,024,581 48.5%
Insurance and Other Chargebacks 470,397 489,481 42,197 418,942 85.6%
Capital Outlay 22,219 30,345,500 1,880,799 10,480,362 34.5%
Debt Service 819,926 2,081,841 33,752 599,683 28.8%
Interfund Transfers 3,682,309 3,932,313 327,693 3,276,928 83.3%
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 3,148,239 22,278,207 45.8%
Net (615,417) (2,757,568) (1,480,066) 1,929,482
Beginning Fund Balance 6,116,159 5,500,742 5,500,742 Fund Balance %
Ending Fund Balance 5,500,742 2,743,174 7,430,224 15.3%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
515 SEWER FUND Target = 83%
Revenue
Charges for Services 11,919,244 10,483,885 930,587 8,562,867 81.7%
Interest Income 56,455 5,000 2,625 32,697 653.9%
Other Revenue 3,002 3,104,000 1,031,752 33.2%
Interfund Transfers 187,430 - 0.0%
Revenue Total 12,166,129 13,592,885 933,212 9,627,316 70.8%
Expenses
Salary and Benefits 1,400,023 1,354,512 102,351 1,077,556 79.6%
Services and Supplies 301,786 304,500 8,415 967,289 317.7%
Insurance and Other Chargebacks 269,988 282,083 23,507 235,068 83.3%
Miscellaneous 230 1,500 230 1,840 122.6%
Capital Outlay (654) 4,890,636 319,272 693,212 14.2%
Interfund Transfers 991,677 1,773,532 64,461 1,644,610 92.7%
Debt Service 959,123 6,148,475 66,000 4,825,459 78.5%
Depreciation Expense 3,615,269 - (7,412) 100.0%
Expenses Total 7,537,442 14,755,238 584,235 9,437,622 64.0%
Net 4,628,687 (1,162,353) 348,977 189,694
Beginning Fund Balance (238,627) 4,390,060 4,390,060 Fund Balance %
Ending Fund Balance 4,390,060 3,227,707 4,579,754 31.0%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
520 SOLID WASTE FUND Target = 83%
Revenue
Property Taxes 410,000 820,000 820,000 100.0%
Charges for Services 3,672,193 4,239,270 289,433 3,253,934 76.8%
Other Revenue 124,222 138,000 27,841 106,229 77.0%
Interfund Transfers 705,967 150,000 12,500 125,000 83.3%
Licenses, Permits and Fees 286,662 486,000 351 205,500 42.3%
Revenue Total 5,199,044 5,833,270 330,125 4,510,662 77.3%
Expenses
Salary and Benefits 1,075,012 1,076,209 87,079 857,225 79.7%
Services and Supplies 3,432,094 3,601,076 388,589 2,996,293 83.2%
Insurance and Other Chargebacks 1,520 - 898 100.0%
Miscellaneous 5,288 7,500 1,790 11,459 152.8%
Capital Outlay 14,013 386,650 7,415 79,317 20.5%
Interfund Transfers 322,362 322,362 26,864 268,635 83.3%
Debt Service 1,280 22,745 363 1.6%
Expenses Total 4,851,568 5,416,542 511,737 4,214,191 77.8%
Net 347,476 416,728 (181,612) 296,472
Beginning Fund Balance (1,451,490) (1,104,014) (1,104,014) Fund Balance %
Ending Fund Balance (1,104,014) (687,286) (807,542) -14.9%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
600 FLEET SERVICES FUND Target = 83%
Revenue
Charges for Services 2,988,640 2,950,415 245,868 2,458,680 83.3%
Other Revenue 18,765 81,781 2,527 13,928 17.0%
Interest Income 24 1,000 - 0.0%
Revenue Total 3,007,429 3,033,196 248,395 2,472,608 81.5%
Expenses
Salary and Benefits 1,117,721 1,117,701 91,519 869,528 77.8%
Services and Supplies 1,956,650 2,030,057 112,060 1,486,790 73.2%
Miscellaneous 118 - 0.0%
Interfund Transfers 33,442 35,114 2,926 29,262 83.3%
Insurance and Other Chargebacks 868 - 1,736 19,092 100.0%
Contingencies - 450 76 16.9%
Capital Outlay 2,904 100.0%
Expenses Total 3,108,799 3,183,322 208,240 2,407,651 75.6%
Net (101,370) (150,126) 40,155 64,957
Beginning Fund Balance 332,586 231,216 231,216 Fund Balance %
Ending Fund Balance 231,216 81,090 296,173 9.3%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
601 EQUIPMENT REPLACEMENT FUND Target = 83%
Revenue
Charges for Services 1,334,732 1,309,732 109,144 1,091,444 83.3%
Interest Income 5,037 - 130 2,710 100.0%
Other Revenue (74,225) 210,217 21,943 10.4%
Revenue Total 1,265,543 1,519,949 109,274 1,116,097 73.4%
Expenses
Services and Supplies 40,745 75,000 13 36,028 48.0%
Capital Outlay 41,579 1,547,977 173,018 1,422,337 91.9%
Depreciation Expense 1,695,533 - 0.0%
Expenses Total 1,777,856 1,622,977 173,031 1,458,365 89.9%
Net (512,313) (103,028) (63,757) (342,268)
Beginning Fund Balance 1,523,611 1,011,298 1,011,298 Fund Balance %
Ending Fund Balance 1,011,298 908,270 669,030 41.2%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
605 INSURANCE FUND Target = 83%
Revenue
Other Revenue 10,447,722 10,391,176 860,992 8,515,879 82.0%
Charges for Services 167,917 52 100.0%
Interfund Transfers - 54,958 - 0.0%
Insurance 5,628,212 6,118,205 492,247 4,908,926 80.2%
Workers Compensation and Liability 2,087,381 3,026,943 245,995 2,506,618 82.8%
Interest Income - 1,000 - 0.0%
Revenue Total 18,331,231 19,592,282 1,599,234 15,931,475 81.3%
Expenses
Salary and Benefits 577,318 630,531 47,889 440,120 69.8%
Services and Supplies 6,414,377 2,420,448 78,522 3,927,084 162.2%
Insurance and Other Chargebacks 15,780,235 15,901,777 1,343,293 13,455,616 84.6%
Capital Outlay 5,011 - 0.0%
Interfund Transfers 9,632 10,114 843 8,428 83.3%
Expenses Total 22,786,573 18,962,870 1,470,546 17,831,248 94.0%
Net (4,455,342) 629,412 128,688 (1,899,773)
Beginning Fund Balance (4,338,505) (8,793,847) (8,793,847) Fund Balance %
Ending Fund Balance (8,793,847) (8,164,435) (10,693,620) -56.4%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
700 FIRE PENSION FUND Target = 83%
Revenue
Other Revenue 3,825,767 9,068,084 577,518 18,812,973 207.5%
Interfund Transfers - 20,000 - 0.0%
Interest Income 2,230,596 2,500,000 89,578 1,212,790 48.5%
Other Taxes - 280,000 - 0.0%
Revenue Total 6,056,363 11,868,084 667,096 20,025,763 168.7%
Expenses
Salary and Benefits 9,256,585 9,333,500 806,876 8,091,691 86.7%
Miscellaneous 91,737 - 27,720 223,127 100.0%
Expenses Total 9,348,322 9,333,500 834,596 8,314,817 89.1%
Net (3,291,959) 2,534,584 (167,501) 11,710,946
Beginning Fund Balance 79,073,077 75,781,118 75,781,118 Fund Balance %
Ending Fund Balance 75,781,118 78,315,702 87,492,064 937.4%
2018 Actual 2019 Budget October 2019 YTD 2019 % YTD to Budget
705 POLICE PENSION FUND Target = 83%
Revenue
Interest Income 2,971,614 3,000,000 109,496 2,316,337 77.2%
Other Revenue 4,442,478 15,946,808 1,948,922 29,070,598 182.3%
Interfund Transfers - - 0.0%
Other Taxes 325,000 - 0.0%
Revenue Total 7,414,092 19,271,808 2,058,418 31,386,935 162.9%
Expenses
Salary and Benefits 11,996,570 12,601,500 1,041,349 10,442,832 82.9%
Miscellaneous 292,132 275,000 6,629 231,248 84.1%
Expenses Total 12,288,703 12,876,500 1,047,978 10,674,079 82.9%
Net (4,874,611) 6,395,308 1,010,440 20,712,856
Beginning Fund Balance 121,629,668 116,755,057 116,755,057 Fund Balance %
Ending Fund Balance 116,755,057 123,150,365 137,467,913 1067.6%