Loading...
HomeMy WebLinkAbout5F 2018 3rd Quarter Financial Report 4646 Dakota Street SE Prior Lake, MN 55372 CITY COUNCIL AGENDA REPORT MEETING DATE: NOVEMBER 5, 2018 AGENDA #: 5F PREPARED BY: DANIELLE AMIRA, ACCOUNTANT PRESENTER: CATHY ERICKSON, FINANCE DIRECTOR AGENDA ITEM: CONSIDER APPROVAL OF THE PRELIMINARY 3rd QUARTER 2018 FINANCIAL REPORTS DISCUSSION: Introduction Staff has prepared preliminary summary financial reports (attached) as of September 30th 2018, for the following funds: • General Fund • Debt Service Funds • Cable Fund • Capital Park Fund • Revolving Equipment Fund • Facilities Management Fund • Permanent Improvement Revolving Fund • Water Fund • Sewer Fund • Water Quality Fund • Economic Development Authority Special Revenue Fund The reports reflect revenue and expenditure activity through third quarter 2018. The reports are preliminary, unaudited and may change. The attached memorandum provides a summary of the significant issues. As requested by the City Council, comparative information has been included for the same period of the prior year. If council members have questions, please feel free to contact me at 952-447-9842 for more information. ALTERNATIVES: 1. Motion and second as part of the consent agenda to approve the September 30th, 2018 Financial Report as submitted. 2. Motion and second to remove the Financial Report from the consent agenda for additional discussion. RECOMMENDED MOTION: Alternative 1. Page 2 MEMORANDUM DATE: October 26, 2018 TO: Prior Lake City Council FROM: Cathy Erickson, Finance Director RE: Financial Report dated 9/30/2018 The financial reports presented as part of this agenda item reflect activity during the third quarter of 2018. The significant issues identified at this time are summarized below. General Fund Summary Key points for 2018: • Preliminary financial information reflects expenditures exceeding revenues by $1,011,866; This is expected since the primary funding source 2nd half property tax revenue will be received in December. • Development related permit and plan check fees are approximately $300k higher than last year as the city received permits and fees for Summit Preserve 2nd addition, Havens Ridge South, and Trillium Cover 2nd addition. • Development related permit and plan check fees are ahead of budget by approximately $172,000. Through September, the city had permits for 57 townhomes, which is twice as many as planned. Single family permits are tracking to come in at about 105 for the year, as planned. • Expenditures are slightly higher than the same period in 2017 due to staffing limitations requiring overtime, additional seasonal/temporary staff and expenditures related to park maintenance. General Fund Revenues Property taxes are received in June, December and January. Revenue from taxes are recognized on a cash basis for the General Fund. First half property taxes have been collected and are comparable to the prior year. 2018 building permits were budgeted at 105 for single family and 30 for townhomes. Revenues associated with building permits and plan check fees are approximately $300k higher than in the 3rd quarter 2017. The following table provides a breakdown of the third quarter activity by year. Year Single Family Townhomes Commercial / Industrial Other Permits Total Change from PY 2018 85 57 25 1786 1208 3% 2017 58 0 24 1091 1173 (25%) 2016 82 4 14 1458 1560 (6%) 2015 86 10 35 1527 1658 10% 2014 83 4 29 1386 1502 The second half payments were received for Municipal State Aid and the township fire agreements. Second quarter Franchise fees collected in July and September are included in this report. Third quarter fees are recorded in October. Fees collected are comparable to last year at this time. Page 3 Project engineering fees are currently at 63% of its annual budget. Staff has historically used a percentage of construction costs for estimating engineering time. As the outstanding projects move forward, engineering costs charged to the projects will increase. Recreation revenues (including Park admission fees and facility rental) are slightly lower than the 3rd quarter of 2017, primarily due to the decrease in studio/pavilion rentals and Recreation program fees. Interest earnings are at 113% of its budget. The report also reflects a $80k decrease in the fair value of the securities. As rates increased, the market value of the existing securities has decreased. This is a paper loss; no actual loss is realized because the City holds the securities until maturity. Third quarter miscellaneous revenue includes the developer agreement fees for the Summit Preserve 2nd addition, Havens Ridge South, and Trillium Cove 2nd addition. General Fund Expenditures/Transfers General Fund expenditures/transfers for 2018 represents 71% of the $13,285,324 amended budget. The level of expenditures (as a percent of budget) is higher than the same period in 2017. Some key points related to expenditures/transfers are: • Parks Expenditures are up compared to the same time in 2017, mainly due to an increase in seasonal temporary staff. • Expenditures in public safety are higher as compared to the third quarter of 2017 mainly due to police overtime to provide coverage for open staff positions due to turnover. Additionally, two police officers were hired in late 2017. As a reminder, the SMSC increased the payment in lieu of taxes for the Drug Task Force officer and police coverage in 2018. The total 2018 annual support from the SMSC is $510,000. • Fuel expenditures are ahead of budget due to snow heavy winter and additional park maintenance. • The Council approved a transfer and budget amendment for a $300,000 transfer to the EDA Fund to facilitate economic development initiatives identified in the EDA business plan. • The Council approved a transfer and budget amendment for a $148,000 transfer to the PIR fund for the 2018 Mill & Overlay Project. At this point in the year, there are no other significant variances to report. Costs associated with street, park maintenance and recreation programs are incurred during the summer and fall. Debt Service Funds Property taxes and special assessments are received in June, December and January (final tax settlement). Prepayments have been received for special assessments. Interest earnings are at 153% of the budget. Scheduled bond payments were made on the 1st and 15th of June. Other bond payments will be due on the 1st and 15th of December. Cable Fund Franchise are now reported in the General Fund. PEG Access Fees are at 58% of budget. Expenditures in the third quarter include technology upgrades, including Council Chambers Production Equipment replacement. Capital Park Fund Page 4 Park Dedication Fees were received for the Gens Farm Addition in the third quarter of 2018. The Parks Comprehensive Master plan expenditures are approximately $11,300. Interest earnings are at 137% of the budget which is higher than in 2017. Revolving Equipment Fund Property taxes, the primary funding source, are received in June, December and January (final tax settlement). Interest earnings are at 130% of the budget. The change in the fair value of the securities is adjusted against interest earnings and is allocated to each fund based on cash balances. Approved Plow replacement and Extrication Equipment for the new fire engine purchases have taken place in the third quarter of 2018. Vehicle and equipment purchases were approved at council meetings earlier in the year. Facilities Management Fund 2018 project expenditures for Fire Station #1 have been completed in the third quarter. The receipt of bond proceeds has also occurred Permanent Improvement Revolving Fund 2018 overlay project expenditures and the receipt of bond proceeds occurred in the third quarter. Water Fund The financial report for the Water Fund reflects four billing cycles. Consumption increased slightly from 2017. Water revenues are about 56% of the 2018 budget. Bond proceeds have been received for the bond capital improvement projects. Operating expenditures and transfers are higher than 2017. 2018 includes expenditures for the AMRS replacement and transfers to support the Woodside/Huron and Franklin street water infrastructure replacements per resolution 18-057. Sewer Fund The financial report for the Sewer Fund reflects four billing cycles. Consumption increased slightly from 2017. Sewer revenues are at 61% of the budget and slightly higher compared to first quarter 2017. The estimated level of discharge is reevaluated annually in conjunction with the preparation of the Capital Improvement Program. Bond proceeds have been received for the bond capital improvement projects. Operating expenditures and transfers are higher than 2017. 2018 includes expenditures for the AMRS replacement and transfers to support the Woodside/Huron and Franklin street sewer infrastructure replacements per resolution 18-057. Water Quality Fund The financial report for the Water Quality Fund reflects four billing cycles. Water Quality revenues are based on flat rates per billing cycle. Revenues are higher than 2017 at 71% of the budget. Operational expenditures are higher than third quarter 2017, mainly due to WCA (Wetland Conservation Act) site reviews which is then reimbursed by the developer/property owner. Operational budgetary transfers for third quarter are reflected in the report including the Woodside/Huron and Franklin street stormwater infrastructure replacements per resolution 18- 057. Page 5 Economic Development Authority Special Revenue Fund Property taxes are received in June, December and January (final tax settlement). Facility rental payments have been received for the Technology Village Business Incubator. Personnel, commissioner per diems, professional services and Technology Village Business Incubator expenditures comprise most of the expenditures. Expenditures are at 90% budget, mainly due to $31k for business subsidy forgivable loan to PLate on Main. If you have any questions regarding these financial reports, please contact me at 952.447.9842. City of Prior Lake General Fund Summary As of 9/30/2018 (Preliminary & Unaudited) Variance from Variance 2018 2018 2018 Amended Budget - % BDGT Actual from 2017 Budget Amended Actual Positive (Negative)USED 9/30/2017 Positive (Negative) Revenues Taxes 8,006,734 8,006,734 4,408,956 (3,597,778) 55%4,224,213 184,743 Licenses and Permits 607,798 607,798 765,142 157,344 126%532,862 232,280 Intergovernmental 1,675,986 1,675,986 1,140,272 (535,714) 68%1,497,914 (357,642) Charges for Services 1,702,315 1,702,315 1,462,944 (239,372) 86%1,337,599 125,345 Fines and Forfeitures - - 1,448 1,448 n/a 513 935 Interest (losses) on investments 86,000 86,000 835 (85,165) 1%48,911 (48,076) Other 226,945 226,945 301,155 74,210 133%254,000 47,155 Transfers in 443,000 443,000 332,250 (110,750) 75%322,500 9,750 Total Revenues 12,748,778 12,748,778 8,413,002 (4,335,776) 66%8,218,512 194,490 Expenditures General Government 2,844,193 2,898,749 2,073,817 824,932 72%2,166,304 92,487 Public Safety 5,733,489 5,748,489 3,981,758 1,766,731 69%3,608,798 (372,961) Public Works 2,063,803 2,060,129 1,406,388 653,741 68%1,316,766 (89,622) Culture and Recreation 1,898,731 1,902,405 1,471,296 431,110 77%1,316,804 (154,492) Transfer to other funds 227,552 675,552 491,609 183,943 73%369,600 (122,009) Contingent Reserve - - - - n/a - - Total Expenditures 12,767,768 13,285,324 9,424,868 3,860,456 71%8,778,272 (646,596) Net Change (18,990) (536,546) (1,011,866) (559,759) COMPARATIVE City of Prior Lake General Fund Revenues As of 9/30/2018 (Preliminary & Unaudited) Variance from Variance 2018 2018 2018 Amended Budget - % BDGT Actual from 2017 Budget Amended Actual Positive ( Negative)USED 9/30/2017 Positive (Negative) Taxes 101 31010.00 Current Property Taxes - General Purpos 7,116,875 7,116,875 3,916,221 (3,200,654) 55%3,771,191 145,030 101 31040.00 Delinquent Property Taxes - General Purp - - 23,782 23,782 n/a 38,506 (14,724) 101 31040.00 Fiscal Disparities 889,859 889,859 468,953 (420,906) 53%414,516 54,437 101 33423.00 Market Value Credit Aid - - - - n/a - - Taxes 8,006,734 8,006,734 4,408,956 (3,597,778) 55%4,224,213 184,743 Licenses and Permits 101 32100.00 Business Licenses 900 900 600 (300) 67%900 (300) 101 32110.00 Liquor Licenses 74,790 74,790 77,115 2,325 103%70,865 6,250 101 32160.00 Refuse Haulers 4,150 4,150 4,790 640 115%4,400 390 101 32170.00 Outdoor Concert Permits - - - - n/a - - 101 32180.00 Cigarette Licenses 2,500 2,500 2,250 (250) 90%2,250 - 101 32210.00 Building Permits 421,498 421,498 501,213 79,715 119%359,214 142,000 101 32211.00 Retainage Forfeiture - - 1,500 1,500 n/a - 1,500 101 32215.00 Mechanical Permits 47,408 47,408 84,966 37,558 179%39,028 45,937 101 32230.00 Plumbing Permits 39,983 39,983 66,985 27,002 168%37,368 29,617 101 32231.00 Sewer/Water Inspection 6,994 6,994 10,856 3,862 155%10,133 723 101 32232.00 Plumbing Registrations 1,200 1,200 1,228 28 102%800 428 101 32240.00 Animal Licenses 3,750 3,750 3,860 110 103%3,750 110 101 32260.00 Burning Permits 2,625 2,625 3,310 685 126%2,430 880 101 32270.00 Short-term Rental Fee 2,000 2,000 1,020 (980) 51%800 220 101 32175.00 Public Private Gathering Permit - - 750 750 n/a 575 175 101 32190.00 Community Event Application - - 4,700 4,700 n/a 350 4,350 Licenses and Permits 607,798 607,798 765,142 157,344 126%532,862 232,280 Intergovernmental 101 33160.10 Fed Aids/Grants - Operating Grants - - - - n/a - - 101 33160.11 Fed Aids/Grants - Operating Police 17,850 17,850 2,352 (15,498) 13%4,745 (2,393) 101 33401.00 Local Government Aid 11,905 11,905 5,953 (5,953) 50%5,953 - 101 33416.01 State Aid - Police Train 10,600 10,600 23,925 13,325 226%7,948 15,977 101 33416.02 State Police Aid-Ins Prem 192,000 192,000 - (192,000) 0%202,935 (202,935) 101 33417.00 State Aid - Fire Training 7,000 7,000 12,579 5,579 180%12,435 144 101 33418.00 State Road & Bridge Aid 325,213 325,213 338,589 13,376 104%301,569 37,020 101 33420.00 State Fire Aid-Ins. Prem.215,000 215,000 2,000 (213,000) 1%216,182 (214,182) 101 33422.10 State Aids/Grants - Operating Grants - - - - n/a - - 102 33422.11 State Aids/Grants - Operating Police 3,850 3,850 2,959 (891) 77%- 2,959 101 33610.11 County Aids/Grants - Operating Police - - 27,856 27,856 n/a - 27,856 101 33620.00 Township Fire & Resc Aid 297,775 297,775 296,559 (1,216) 100%298,076 (1,517) 101 33621.00 Liaison Aid 48,793 48,793 - (48,793) 0%48,072 (48,072) 100 33630.00 Metro Council Grants - - - - n/a - - 101 33631.00 Payment in Lieu of Taxes 510,000 510,000 427,500 (82,500) 84%400,000 27,500 101 33700.11 Miscellaneous Grants - Operating Police 36,000 36,000 - (36,000) 0%- - 101 33700.23 Miscellaneous Grants - Capital Parks - - - - n/a - - Intergovernmental 1,675,986 1,675,986 1,140,272 (535,714) 68%1,497,914 (357,642) Charges for Services 101 31810.00 Franchise Taxes 615,000 615,000 314,679 (300,321) 51%310,623 4,057 101 34103.00 Zoning & Subdivision Fees 20,650 20,650 33,215 12,565 161%46,746 (13,531) 101 34104.00 Plan Check Fees 255,028 255,028 279,139 24,111 109%195,267 83,872 101 34105.00 Sale of Maps/Publications - Reports 1,000 1,000 480 (520) 48%315 165 101 34107.00 Assessment Searches - Reports 400 400 415 15 104%100 315 101 34109.00 Project Admin/Eng Fees 236,000 236,000 149,830 (86,170) 63%217,341 (67,511) 101 34203.00 Accident/Warrant Reports - Reports 200 200 103 (97) 52%110 (7) 101 34304.00 PEG Access Fees - - - - n/a - - 101 34731.00 Softball Fees 13,000 13,000 14,237 1,237 110%14,573 (336) 101 34735.00 Recreation Program Fees 47,000 47,000 42,109 (4,891) 90%50,367 (8,258) 101 34735.01 Recreation Program Fees Regular - - 10,615 10,615 n/a - 10,615 101 34740.00 Concessions - Park Fees - - 822 822 n/a 1,074 (252) 101 34760.01 Facility Rental - Regular 74,941 74,941 44,828 (30,113) 60%55,773 (10,945) 101 34761.00 Studio/Pavilion Rental 18,000 18,000 19,498 1,498 108%23,459 (3,961) 101 34762.00 Park Shelter Rental 42,500 42,500 49,778 7,278 117%36,688 13,090 101 34763.13 Facility Usage Fee (not taxable)3,000 3,000 - (3,000) 0%- - 101 34765.01 Tower Leases 277,596 277,596 283,862 6,266 102%281,252 2,611 101 34780.00 Park Admission Fees 39,000 39,000 34,948 (4,052) 90%20,866 14,083 101 34783.00 City Contract Services 59,000 59,000 159,496 100,496 270%60,551 98,945 101 36220.16 Prof Services Fee Deposit Bldg Inspectio - - 24,888 24,888 n/a 22,495 2,393 Charges for Services 1,702,315 1,702,315 1,462,944 (239,372) 86%1,337,599 125,345 Fines and Forfeitures 101 35101.00 County Court Fines - - 1,000 1,000 n/a 100 900 101 35104.00 Prosecution Restitution - - 448 448 n/a 413 35 Fines and Forfeitures - - 1,448 1,448 n/a 513 935 COMPARATIVE City of Prior Lake General Fund Revenues As of 9/30/2018 (Preliminary & Unaudited) Variance from Variance 2018 2018 2018 Amended Budget - % BDGT Actual from 2017 Budget Amended Actual Positive ( Negative)USED 9/30/2017 Positive (Negative) COMPARATIVE Interest (losses) on investments 101 36210.00 Interest Earnings 86,000 86,000 97,362 11,362 113%63,481 33,882 101 36215.00 Amortization - Premium/Discount - - (16,334) (16,334) n/a - (16,334) 101 36225.00 Unrealized Inv.Gain(Loss)- - (80,194) (80,194) n/a (14,570) (65,624) Interest (losses) on investments 86,000 86,000 835 (85,165) 1%48,911 (48,076) Other Miscellaneous Revenues 101 36101.00 City Assess. Collection - - - - n/a 17,482 (17,482) 101 36102.00 County Assess. Collection 2,500 2,500 1,979 (521) 79%2,128 (149) 101 36211.00 Developer Agreements 195,000 195,000 253,104 58,104 130%202,328 50,776 101 36212.00 Miscellaneous Revenue 29,445 29,445 23,527 (5,918) 80%21,940 1,587 101 36230.00 Contributions & Donations - - 19,401 19,401 n/a 6,682 12,719 101 39102.00 Sale of Property - - 3,145 3,145 n/a 3,440 (295) Other Miscellaneous Revenues 226,945 226,945 301,155 74,210 133%254,000 47,155 Other financing sources 101 39310.00 G.O. Bond Proceeds - - - - n/a - - 101 39203.00 Transfer from Other Funds 443,000 443,000 332,250 (110,750) 75%322,500 9,750 Other financing sources 443,000 443,000 332,250 (110,750) 75%322,500 9,750 Total Revenues 12,748,778 12,748,778 8,413,002 (4,335,776) 66%8,218,512 194,490 City of Prior Lake General Fund Expenditures As of 9/30/2018 (Preliminary & Unaudited) Variance from Variance from 2018 2018 2018 Amended Budget - % BDGT Actual from 2017 Budget Amended Actual Positive (Negative)USED 9/30/2017 Positive (Negative) Function: General Government 41110.00 MAYOR & COUNCIL 58,196 58,196 44,411 13,785 76%50,383 5,971 41130.00 ORDINANCE 7,500 7,500 4,874 2,626 65%5,478 603 41320.00 ADMINISTRATION 428,305 436,970 310,108 126,862 71%312,986 2,878 41330.00 BOARDS & COMMISSIONS 10,689 10,689 6,739 3,950 63%7,998 1,258 41410.00 ELECTIONS 23,984 23,984 13,903 10,081 58%- (13,903) 41520.00 FINANCE 464,052 464,052 319,223 144,829 69%306,015 (13,208) 41530.00 ACCOUNTING - - (4) 4 n/a - 4 41540.00 INTERNAL AUDITING 30,700 30,700 33,190 (2,490) 108%31,240 (1,950) 41550.00 ASSESSING 194,700 194,700 192,400 2,300 99%185,000 (7,400) 41610.00 LEGAL 212,000 212,000 120,711 91,289 57%149,235 28,524 41820.00 HUMAN RESOURCES 184,443 202,443 120,211 82,232 59%151,994 31,784 41830.00 COMMUNICATIONS 124,717 124,717 84,202 40,515 68%85,608 1,406 41910.00 COMMUNITY DEVELOPMENT 326,475 326,475 224,150 102,325 69%260,712 36,563 41920.00 INFORMATION TECHNOLOGY 317,145 345,036 247,078 97,958 72%261,067 13,988 41940.00 FACILITIES - CITY HALL 461,287 461,287 352,621 108,666 76%358,588 5,967 Total - Function General Government 2,844,193 2,898,749 2,073,817 824,932 72%2,166,304 92,487 Function: Public Safety 42100.00 POLICE 4,172,825 4,172,825 2,992,493 1,180,332 72%2,684,076 (308,417) 42200.00 FIRE 929,460 944,460 501,722 442,738 53%447,018 (54,705) 42400.00 BUILDING INSPECTION 593,926 593,926 461,074 132,852 78%450,935 (10,139) 42500.00 EMERGENCY MANAGEMENT 10,830 10,830 8,869 1,961 82%9,168 299 42700.00 ANIMAL CONTROL 26,448 26,448 17,600 8,848 67%17,600 - Total - Function Public Safety 5,733,489 5,748,489 3,981,758 1,766,731 69%3,608,798 (372,961) Function: Public Works 43050.00 ENGINEERING 466,739 463,065 263,256 199,809 57%282,373 19,117 43100.00 STREET 1,175,385 1,175,385 883,635 291,750 75%720,265 (163,370) 43400.00 CENTRAL GARAGE 421,679 421,679 259,496 162,183 62%314,128 54,632 Total - Function Public Works 2,063,803 2,060,129 1,406,388 653,741 68%1,316,766 (89,622) Function: Culture and Recreation 45100.00 RECREATION 427,696 427,696 353,031 74,665 83%310,796 (42,235) 45200.00 PARKS 1,407,937 1,411,611 1,084,076 327,536 77%966,094 (117,982) 45500.00 LIBRARIES 63,098 63,098 34,189 28,909 54%39,914 5,725 46100.00 NATURAL RESOURCES - - - - n/a - - Total - Function Culture and Recreation 1,898,731 1,902,405 1,471,296 431,110 77%1,316,804 (154,492) 00000.00 Transfer to Other Funds 227,552 675,552 491,609 183,943 73%369,600 (122,009) Function: Contingent Reserve 49999.00 CONTINGENT RESERVE - - - - n/a - - Total - Function Contingent Reserve - - - - n/a - - Total Expenditures 12,767,768 13,285,324 9,424,868 3,860,456 71%8,778,272 (646,596) COMPARATIVE City of Prior Lake Debt Service Funds As of 9/30/2018 (Preliminary & Unaudited) Variance from Variance 2018 2018 2018 Amended Budget - % BDGT Actual from 2017 Budget Amended Actual Positive (Negative)USED 9/30/2017 Positive (Negative) Revenues Property Taxes Current Property Taxes 3,142,620 3,142,620 1,739,390 (1,403,230) 55%1,354,085 385,304 Special Assessments City Assess. Collections - - 407,260 407,260 n/a 710,103 (302,843) County Assess. Collection 586,355 586,355 - (586,355) 0%- - Interest (losses) on investments Interest Earnings 30,491 30,491 46,643 16,152 153%101,688 (55,044) Unrealized Inv.Gain(Loss)- - (31,364) (31,364) n/a (65,634) 34,269 Miscellaneous Revenues Miscellaneous Revenues - - - - n/a - - Other Financing Sources Transfer from Other Funds 870,365 870,365 133,895 (736,470) 15%272,556 (138,661) Bond Proceeds - - - - n/a - - Total Revenues 4,629,831 4,629,831 2,295,824 (2,334,007) 50%2,372,799 (76,974) Expenditures Debt Service Principal 3,953,016 3,953,016 128,328 3,824,688 3%275,651 147,323 Interest and Other 938,256 938,256 493,046 445,210 53%840,780 347,734 Bond Issuance Costs 4,728 4,728 - 4,728 0%- - Bond Discount/Premium - - - - n/a - - Total Expenditures 4,896,000 4,896,000 621,374 4,274,626 13%1,116,432 495,058 Net Change (266,169) (266,169) 1,674,450 1,256,367 COMPARATIVE City of Prior Lake Cable Fund As of 9/30/2018 (Preliminary & Unaudited) Variance from Variance 2018 2018 2018 Amended Budget - % BDGT Actual from 2017 Budget Amended Actual Positive (Negative)USED 9/30/2017 Positive (Negative) Revenues Franchise Taxes 210-41340.00.31810.00 Franchise Taxes - - - - n/a - - Charges for Services 210-41340.00-34304.00 PEG Access Fees 32,000 32,000 18,549 (13,451) 58%20,991 (2,442) Interest (losses) on investments 210-41340.00-36210.00 Interest Earnings - - 1,399 1,399 n/a 289 1,111 210-41340.00-36225.00 Unrealized Inv. Gain (Loss)- - (1,031) (1,031) n/a (90) (941) Total Revenues 32,000 32,000 18,917 (13,083) 59%21,190 (2,272) Expenditures Current Expenditures 210-41340.00-52400.20 Small Equipment - Technology - - 4,607 (4,607) n/a - 4,607 Capital Outlay 210-41340.00-55530.00 Infrastructure - - - - n/a - - 210-41340.00-55570.00 Machinery and Equipment 80,000 80,000 60,530 19,470 76%- 60,530 Total Expenditures 80,000 80,000 65,137 14,863 81%- 65,137 Net Change (48,000) (48,000) (46,220) 21,190 COMPARATIVE City of Prior Lake Capital Park Fund As of 9/30/2018 (Preliminary & Unaudited) Variance from Variance 2018 2018 2018 Amended Budget - % BDGT Actual from 2017 Budget Amended Actual Positive (Negative)USED 9/30/2017 Positive (Negative) Revenues Charges for Services 225-45200.00-34760.01 Facility Rental - Regular 24,000 24,000 14,000 (10,000) 58%18,000 (4,000) 225-45200.00-34791.00 Dedication Fees 405,000 405,000 393,750 (11,250) 97%416,308 (22,558) Charges for Services 429,000 429,000 407,750 (21,250) 95%434,308 (26,558) Interest (losses) on investments 225-00000.00-36210.00 Interest Earnings 17,000 17,000 23,364 6,364 137%10,306 13,058 225-00000.00-36225.00 Unrealized Inv.Gain(Loss)- - (17,712) (17,712) n/a (2,503) (15,210) Interest (losses) on investments 17,000 17,000 5,652 (11,348) 33%7,803 (2,151) Contributions and donations 225-00000.00-36230.00 Contributions & Donations - - 6,375 6,375 n/a 5,675 700 Contributions and donations - - 6,375 6,375 n/a 5,675 700 Total Revenues 446,000 446,000 419,777 (26,223) 94%447,786 (28,009) Expenditures 54320.00 Miscellaneous 3,700 3,700 2,830 870 76%- (2,830) 59203.00 Transfers to Other Funds - - - - n/a 21,052 21,052 53100.80 Professional Services-General - - 15,025 (15,025) n/a - (15,025) 55530.00 Infrastructure - - 7,583 (7,583) n/a 25,049 17,466 Total Expenditures 3,700 3,700 25,438 (21,738) 688%46,101 20,663 Net Change 442,300 442,300 394,339 401,685 COMPARATIVE City of Prior Lake Revolving Equipment Fund As of 9/30/2018 (Preliminary & Unaudited) Variance from Variance 2018 2018 2018 Amended Budget - % BDGT Actual from 2017 Budget Amended Actual Positive (Negative)USED 9/30/2017 Positive (Negative) Revenues Taxes 410-00000.00-31010.00 Current Property Taxes 550,000 550,000 304,577 (245,423) 55%192,972 111,605 Taxes 550,000 550,000 304,577 (245,423) 55%192,972 111,605 Intergovernmental 410-00000.00-33422.10 State Aids/Grants - Operating Grants 30,000 30,000 - (30,000) 0%- - 410-00000.00-33633.20 Watershed Dist Grants/Aid-Capital Grants - - 10,000 10,000 n/a - 10,000 Intergovernmental 30,000 30,000 10,000 (20,000) - - 10,000 Interest (losses) on investments 410-00000.00-36210.00 Interest Earnings 6,000 6,000 7,772 1,772 130%5,851 1,922 410-00000.00-36225.00 Unrealized Inv.Gain(Loss)- - (4,602) (4,602) n/a (1,290) (3,312) Interest (losses) on investments 6,000 6,000 3,170 (2,830) 53%4,560 (1,390) Sale of assets 410-00000.00-39102.00 Sale of Property - - 19,435 19,435 n/a - 19,435 Sale of assets - - 19,435 19,435 n/a - 19,435 Other 410-42100.06-39104.00 Forfeiture Property Sales 12,000 12,000 - (12,000) 0%- - Other 12,000 12,000 - (12,000) 0%- - Transfers in 410-00000.00-39203.00 Transfer from Other Funds 155,000 155,000 116,250 (38,750) 75%255,750 (139,500) Transfers in 155,000 155,000 116,250 (38,750) 75%255,750 (139,500) OTHER FINANCING SOURCES Debt Issued 410-00000.00-39310.00 G.O. Bond Proceeds 665,000 665,000 605,000 (60,000) 91%- 605,000 Premium on debt issued 410-43100.00-55110.00 Projects - Bond Discount/Premium - - - - n/a - - 665,000 665,000 605,000 (60,000) 91%- 605,000 Total Revenues 1,418,000 1,418,000 1,058,432 (359,568) 75%453,282 605,149 Expenditures Public Safety Police 410-42100.00-55550.00 Vehicles 191,690 191,690 133,212 58,478 69%101,657 (31,555) 410-42100.00-55570.00 Machinery & Equipment 46,350 46,350 - 46,350 0%- - 410-42100.06-54350.00 Agency Forfeit Proceeds - - - - n/a - - Fire 410-42200.00-55070.00 Projects - Bond Issuance Costs - - 8,129 (8,129) n/a - (8,129) 410-42200.00-55110.00 Projects - Bond Discount/Premium - - (69,562) 69,562 n/a - 69,562 410-42200.00-55550.00 Vehicles 678,770 678,770 58,381 620,389 9%- (58,381) 410-42200.00-55570.00 Machinery & Equipment - - - - n/a - - Total Public Safety 916,810 916,810 130,161 786,649 14%101,657 (28,504) Public Works Street 410-43100.00-55550.00 Vehicles - - - - n/a 228 228 410-43100.00-55570.00 Machinery & Equipment - - - - n/a 12,374 12,374 Central Garage 410-43400.00-55550.00 Vehicles 20,000 20,000 13,478 6,522 67%19,999 6,521 Total Public Works 20,000 20,000 13,478 6,522 67%32,601 19,124 Culture and Recreation/Parks 410-45200.00-55550.00 Vehicles 218,154 218,154 27,947 190,207 13%110,650 82,703 410-45200.00-55570.00 Machinery and Equipment 18,849 18,849 3,711 15,138 20%73,157 69,446 Total Culture & Recreation 237,003 237,003 31,658 205,345 13%183,807 152,150 Water 410-49400.00-55550.00 Vehicles - - - - n/a - - 410-49400.00-55570.00 Machinery and Equipment 10,094 10,094 10,464 (370) 104%- (10,464) Water Quality 410-49420.00-55550.00 Vehicles 210,120 210,120 192,404 17,716 92%- (192,404) Sewer 410-49450.00-55550.00 Vehicles - - - - n/a 366,453 366,453 Total Utility 220,214 220,214 202,869 17,345 92%366,453 163,584 OTHER FINANCING USES Interest and Other 410-43100.00-55070.00 Projects - Bond Issuance Costs - - - - n/a - - Transfers out 410-80000.00-59203.00 Transfers to Other Funds - - - - n/a - - - - - - n/a - - Total Expenditures 1,394,027 1,394,027 378,165 1,015,862 27%684,519 306,354 Net Change 23,973 23,973 680,266 (231,237) COMPARATIVE City of Prior Lake Facilities Management Fund As of 9/30/2018 (Preliminary & Unaudited) Variance from Variance 2018 2018 2018 Amended Budget - % BDGT Actual from 2017 Budget Amended Actual Positive (Negative)USED 9/30/2017 Positive (Negative) Revenues Interest (losses) on investments 440-00000.00-36210.00 Interest Earnings 5,400 5,400 7,381 1,981 137%7,185 196 440-00000.00-36225.00 Unrealized Inv.Gain(Loss)- - (6,116) (6,116) n/a (1,685) (4,431) Interest (losses) on investments 5,400 5,400 1,265 (4,135) 23%5,501 (4,236) Transfers in 440-00000.00-39203.00 Transfer from Other Funds 58,350 58,350 43,763 (14,588) 75%42,488 1,275 Transfers in 58,350 58,350 43,763 (14,588) 75%42,488 1,275 Debt Issued 440-00000.00-39310.00 G.O. Bond Proceeds 620,000 620,000 - (620,000) 0%370,000 (370,000) 440-42200.00-39310.00 G.O. Bond Proceeds-FIRE - - 560,000 560,000 n/a - 560,000 Debt Issued 620,000 620,000 560,000 (60,000) 90%370,000 (190,000) Total Revenues 683,750 683,750 605,027 (78,723) 88%417,988 (192,961) Expenditures Function: General Government 00000.00 Transfers to Other Funds - - - - n/a 10,307 10,307 41940-55050.00 Projects Professional Svcs- FACILITIES - CITY HALL - - 10,048 (10,048) n/a - (10,048) 41940-55570.00 Machinery & Equipment-FACILITIES - CITY HALL - - - - n/a 10,690 10,690 41960.00 GESP - - - - n/a - - Total - Function General Government - - 10,048 (10,048) n/a 20,997 10,949 Function: Public Safety 42100-55520.00 Building & Building Improvements-POLICE 8,000 8,000 - 8,000 0%- - 42100-55570.00 Machinery and Equipment-POLICE - - - - n/a 10,690 10,690 42200-55070.00 Projects-Bond Inssuance Costs-FIRE - - 7,524 (7,524) n/a - (7,524) 42200-55520.00 Projects-Publication-FIRE - - 229 (229) n/a - (229) 42200-55520.00 Building & Building Improvements-FIRE 843,204 843,204 74,499 768,705 9%9,505 (64,994) 42200-55570.00 Machinery & Equipment-FIRE - - 317,757 (317,757) n/a - (317,757) 42200-55110.00 Bond Discount/Premium-STREET - - (69,643) 69,643 n/a - 69,643 43100-55070.00 Machinery & Equipment-STREET - 7,472 43100-55110.00 Bond Discount/Premium-STREET - (9,913) Total - Function Public Safety 851,204 851,204 330,366 520,838 39%17,754 (312,612) Function: Culture and Recreation 45100.00 RECREATION - - - - n/a - - 45500.00 LIBRARIES - 79,961 - 79,961 0%- - Total - Function Culture and Recreation - 79,961 - 79,961 0%- - Function: Water 49400.00 Building & Building Improvements 22,500 22,500 21,995 505 98%341,503 319,508 Total - Function Culture and Recreation 22,500 22,500 21,995 505 98%341,503 319,508 Total Expenditures 873,704 953,665 362,409 591,256 38%380,254 17,845 Net Change (189,954) (269,915) 242,618 37,734 COMPARATIVE City of Prior Lake Permanent Improvement Revolving Fund As of 9/30/2018 (Preliminary & Unaudited) Variance from Variance 2018 2018 2018 Amended Budget - % BDGT Actual from 2017 Budget Amended Actual Positive (Negative)USED 9/30/2017 Positive (Negative) Revenues Special Assessments 450-00000.00-36101.00 City Assess. Collections - - 5,760 5,760 n/a 960 4,800 450-00000.00-36102.00 County Assess. Collection 83,314 83,314 24,169 (59,145) 29%- 24,169 83,314 83,314 29,929 (53,385) 36%960 28,969 Interest (losses) on investments 450-00000.00-36210.00 Interest Earnings 1,538 1,538 5,383 3,845 350%957 4,427 450-00000.00-36225.00 Unrealized Inv.Gain(Loss)- - (3,462) (3,462) n/a (299) (3,163) Interest (losses) on investments 1,538 1,538 1,922 384 125%658 1,264 Transfers in 450-00000.00-39203.00 Transfer from Other Funds - 148,000 148,000 - 100%120,000 28,000 Transfers in - 148,000 148,000 - 100%120,000 28,000 Debt Issued 450-00000.00-39310.00-PIR17-000001 G.O. Bond Proceeds - - - - n/a 355,000 (355,000) 450-00000.00-39310.00-PIR18-000001 G.O. Bond Proceeds - - 490,000 490,000 n/a - 490,000 450-00000.00-39310.00 G.O. Bond Proceeds 600,000 600,000 - (600,000) 0%- - Debt Issued 600,000 600,000 490,000 (110,000) 82%355,000 (135,000) Total Revenues 684,852 832,852 669,851 (163,001) 80%476,618 (76,767) Expenditures Function: Public Works 450-43100.00-54010.01 STREET 650,000 650,000 623,378 26,622 96%- (623,378) 450-43100.00-55070.00-PIR17-000001 Projects - Bond Issuance Costs - - - - n/a 7,169 7,169 450-43100.00-55070.00-PIR18-000001 Projects - Bond Issuance Costs - - 6,584 (6,584) n/a - (6,584) 450-43100.00-55110.00-PIR17-000001 Projects - Bond Discount/Premium - - - - n/a (9,601) (9,601) 450-43100.00-55110.00-PIR18-000001 Projects - Bond Discount/Premium - - (34,493) 34,493 n/a - 34,493 450-43100.00-55530.00-PIR17-000001 Infrastructure - - - - n/a 377,020 377,020 Total - Function Public Works 650,000 650,000 595,468 54,532 92%374,587 (220,881) OTHER FINANCING USES Transfers out 450-80000.00-59203.00 Transfers to Other Funds 75,374 75,374 6,824 68,550 9%- (6,824) Total Expenditures 725,374 725,374 602,292 123,082 83%374,587 (227,705) Net Change (40,522) 107,478 67,559 102,030 COMPARATIVE City of Prior Lake Water Fund As of 9/30/2018 (Preliminary & Unaudited) Variance from Variance 2018 2018 2018 Amended Budget - % BDGT Actual from 2017 Budget Amended Actual Positive (Negative)USED 9/30/2017 Positive (Negative) Revenues Water Charges 601-49400.00-37100.00 Utility Receipts - Water 3,691,044 3,691,044 2,057,127 (1,633,917) 56%2,154,686 (97,560) 601-49400.00-37160.00 Penalties - - 14,814 14,814 n/a 12,406 2,407 Water Charges 3,691,044 3,691,044 2,071,940 (1,619,104) 56%2,167,092 (95,152) Capital Facility charges 601-49400.00-37110.00 Capital Facility Revenue 268,680 268,680 174,861 (93,819) 65%173,292 1,569 Capital Facility charges 268,680 268,680 174,861 (93,819) 65%173,292 1,569 Meter Sales 601-49400.00-37170.00 Water Meter Sales 82,750 82,750 77,579 (5,172) 94%37,572 40,006 601-49400.00-37175.00 Pressure Reducers 32,700 32,700 23,718 (8,982) 73%10,344 13,374 601-49400.00-37180.00 Frost Plates - - - - n/a - - Meter Sales 115,450 115,450 101,297 (14,153) 88%47,916 53,380 Intergovernmental 601-00000.00-33422.15 State Aids/Grants - Operating Public Wor - - - - n/a 2,770 (2,770) 601-00000.00-33422.25 State Aids/Grants - Capital Public Works - - - - n/a 500 (500) Intergovernmental - - - - n/a 3,270 (3,270) Interest (losses) on investments 601-00000.00-36210.00 Interest Earnings 35,900 35,900 44,759 8,859 125%29,460 15,299 601-00000.00-36225.00 Unrealized Inv.Gain(Loss)- - (33,993) (33,993) n/a (6,072) (27,921) Interest (losses) on investments 35,900 35,900 10,766 (25,134) 30%23,388 (12,622) Miscellaneous Revenues 601-00000.00-36212.00 Miscellaneous Revenue - - 9,120 9,120 n/a 7,690 1,430 601-00000.00-36102.00 County Assess Collection - - 26,874 26,874 n/a 78 26,797 601-00000.00-36231.00 PERA Pension Contributions - - - - n/a - - 601-49400.00-37190.00 Miscellaneous Revenue Adj - - 19 19 n/a 91 (72) 601-00000.00-37901.00 Contribution (Other Fund)- - - - n/a - - 601-00000.00-37902.00 Contribution (Developers)- - - - n/a - - Miscellaneous Revenues - - 36,013 36,013 n/a 7,859 28,154 Transfers in 39203.00 Transfer from Other Funds 1,500,000 1,500,000 - (1,500,000) 0%- - 1,500,000 1,500,000 - (1,500,000) 0%- - Sale of Assets 601-00000.00-39102.00 Sale of Property - - 1,185 1,185 n/a - 1,185 - - 1,185 1,185 n/a - 1,185 Debt Issued 601-00000.00-39310.00 G.O. Bond Proceeds 1,180,000 1,180,000 - (1,180,000) 0%- - 601-49400.00-39310.00-CAP18-000001 G.O. Bond Proceeds - - 1,320,000 1,320,000 n/a - 1,320,000 Debt Issued 1,180,000 1,180,000 1,320,000 140,000 112%- (1,320,000) Total Revenues 6,791,074 6,791,074 3,716,062 (3,075,012) 55%2,422,817 (1,346,755) Expenditures Function: General Government 00000.00 Transfers to Other Funds 845,545 845,545 1,091,543 (245,998) 129%1,647,843 556,300 41520.00 FINANCE 82,682 82,682 66,572 16,110 81%59,703 (6,868) Total - Function General Government 928,227 928,227 1,158,115 (229,888) 125%1,707,546 549,431 Function: Water 49400.00 WATER 5,731,297 5,732,570 1,950,778 3,781,793 34%1,239,141 (711,636) 601-49400.00-55070.00-CAP18-000001 Bond issuance Costs - - 17,736 (17,736) n/a - (17,736) 601-49400.00-55110.00-CAP18-000001 Projects - Bond Discount/Premium - - (167,618) 167,618 n/a - 167,618 Total - Function Water 5,731,297 5,732,570 1,800,896 3,764,057 31%1,239,141 (729,372) Function: Sewer 601-49450.00-55530.00 SEWER - - 195 (195) n/a - (195) Total - Function Sewer - - 195 (195) n/a - (195) Total Expenditures 6,659,524 6,660,797 2,959,206 3,533,974 44%2,946,688 (180,135) Net Change 131,550 130,277 756,856 (523,870) COMPARATIVE City of Prior Lake Sewer Fund As of 9/30/2018 (Preliminary & Unaudited) Variance from Variance 2018 2018 2018 Amended Budget - % BDGT Actual from 2017 Budget Amended Actual Positive (Negative)USED 9/30/2017 Positive (Negative) Revenues Sewer Charges 604-49450.00-37102.00 Utility Receipts - Sewer 1,664,040 1,664,040 1,013,774 (650,266) 61%937,388 76,386 604-49450.00-37104.00 Utility Recpt-Sewer MCES 1,511,220 1,511,220 917,818 (593,402) 61%892,735 25,082 Sewer Charges 3,175,260 3,175,260 1,931,592 (1,243,668) 61%1,830,124 101,468 Capital Facility charges 604-49450.00-37110.00 Capital Facility Revenue 268,680 268,680 174,866 (93,814) 65%173,297 1,568 Capital Facility charges 268,680 268,680 174,866 (93,814) 65%173,297 1,568 Water Charges 604-49450.00-37160.00 Penalties 10,000 10,000 17,146 7,146 171%12,780 4,366 Water Charges 10,000 10,000 17,146 7,146 171%12,780 4,366 Intergovernmental 604-00000.00-33422.25 State Aids/Grants - Capital Public Works - - - - n/a - - Intergovernmental - - - - n/a - - Interest (losses) on investments 604-00000.00-36210.00 Interest Earnings 18,500 18,500 19,792 1,292 107%15,810 3,982 604-00000.00-36225.00 Unrealized Inv.Gain(Loss)- - (13,533) (13,533) n/a (3,035) (10,497) Interest (losses) on investments 18,500 18,500 6,260 (12,240) 34%12,775 (6,516) Miscellaneous Revenues 604-00000.00-36212.00 Miscellaneous Revenue - - - - n/a - - 604-00000.00-36231.00 PERA Pension Contributions - - - - n/a - - 604-00000.00-37901.00 Contribution (Other Fund)- - - - n/a 372,114 (372,114) 604-00000.00-37902.00 Contribution (Developers)- - - - n/a - - Miscellaneous Revenues - - - - n/a 372,114 (372,114) Debt Issued 604-00000.00-39310.00 G.O. Bond Proceeds 1,400,000 1,400,000 1,320,000 (80,000) 94%- 1,320,000 Debt Issued 1,400,000 1,400,000 1,320,000 (80,000) 94%- (1,320,000) Sale of Property 604-00000.00-39310.00 Sale of Property - - 1,185 1,185 n/a - 1,185 Sale of Property - - 1,185 1,185 n/a - (1,185) Transfers in 39203.00 Transfer from Other Funds - - - - n/a - - - - - - n/a - - Total Revenues 4,872,440 4,872,440 3,451,048 (1,421,392) 71%2,401,090 (1,592,411) Expenditures Function: General Government 00000.00 Transfers to Other Funds 271,109 271,109 1,049,256 (778,147) 387%1,144,085 94,829 41520.00 FINANCE 82,682 82,682 66,013 16,669 80%58,320 (7,693) Total - Function General Government 353,791 353,791 1,115,269 (761,478) 315%1,202,405 87,136 Function: Sewer 49450.00 SEWER 4,389,176 4,418,451 1,900,332 2,518,119 43%1,626,128 (274,204) 49450.00 Interest and Other - - 17,736 (17,736) n/a - (17,736) 49450.00 Premium on debt issued - - (167,618) 167,618 n/a - 167,618 Total - Function Sewer 4,389,176 4,418,451 1,750,451 2,668,001 40%1,626,128 (124,322) Total Expenditures 4,742,967 4,772,242 2,865,719 1,906,523 60%2,828,533 (37,186) Net Change 129,473 100,198 585,329 (427,443) COMPARATIVE City of Prior Lake Water Quality Fund As of 9/30/2018 (Preliminary & Unaudited) Variance from Variance from 2018 2018 2018 Amended Budget - % BDGT Actual from 2017 Budget Amended Actual Positive (Negative)USED 9/30/2017 Positive (Negative) Revenues Storm Water Charges 602-49420.00-37120.00 Storm Water Revenue 916,326 916,326 653,518 (262,808) 71%599,803 53,715 Storm Water Charges 916,326 916,326 653,518 (262,808) 71%599,803 53,715 Water Charges 602-49420.00-37160.00 Penalties - - 2,980 2,980 n/a 2,591 389 Water Charges - - 2,980 2,980 n/a 2,591 389 Intergovernmental 602-00000.00-33160.10 Fed Aids/Grants - - - - n/a - - 602-00000.00-33422.10 State Aids/Grants - - - - n/a 1,379 (1,379) 602-49420.00-33610.20 County-City Aids/Grants - - - - n/a - - 602-49420.00-33633.00 Watershed Dist Grants/Aid - 130,000 130,000 - 100%- 130,000 602-49420.00-32250.00 Wetland Application Fee - - 750 750 n/a - 750 Intergovernmental - 130,000 130,750 750 101%1,379 129,371 Interest (losses) on investments 602-00000.00-36210.00 Interest Earnings 12,000 12,000 12,853 853 107%10,526 2,328 602-00000.00-36225.00 Unrealized Inv.Gain(Loss)- - (11,353) (11,353) n/a (2,255) (9,098) Interest (losses) on investments 12,000 12,000 1,500 (10,500) 13%8,271 (6,771) Transfers in 602-00000.00-39203.00 Transfer from Other Funds - - - - n/a 42,093 (42,093) Transfers in - - - - n/a 42,093 (42,093) Miscellaneous Revenues 602-00000.00-36212.00 Miscellaneous Revenue - - - - n/a 120 (120) 602-00000.00-36231.00 PERA Pension Contributions - - - - n/a - - 602-00000.00-37901.00 Contribution (Other Fund)- - - - n/a - - Miscellaneous Revenues - - - - n/a 120 (120) Total Revenues 928,326 1,058,326 788,749 (269,577) 75%654,258 134,492 Expenditures Function: General Government 00000.00 Transfers to Other Funds 77,000 77,000 405,581 (328,581) 527%434,965 29,384 Total - Function General Government 77,000 77,000 405,581 (328,581) 527%434,965 29,384 Function: Water Quality 49420.00 WATER QUALITY 921,669 1,254,420 737,574 516,846 59%353,081 (384,493) Total - Function Water Quality 921,669 1,254,420 737,574 516,846 59%353,081 (384,493) Total Expenditures 998,669 1,331,420 1,143,155 188,265 86%788,046 (355,109) Net Change (70,343) (273,094) (354,406) (133,788) COMPARATIVE City of Prior Lake Economic Development Authority Special Revenue Fund As of 9/30/2018 (Preliminary & Unaudited) Variance from Variance from 2018 2018 2018 Amended Budget - % BDGT Actual from 2017 Budget Amended Actual Positive (Negative)USED 9/30/2017 Positive (Negative) Revenues Taxes 240-00000.00-31010.00 Current Property Taxes 140,000 140,000 77,024 (62,976) 55%71,957 5,067 240-00000.00-33423.00 Market Value Credit Aid - - - - n/a - - Taxes 140,000 140,000 77,024 (62,976) 55%71,957 5,067 Intergovernmental 240-46500.00-33610.14 County-City Aids/Grants - Operating EDA - - - - n/a - - Intergovernmental - - - - n/a - - Charges for Services 240-46503.00-34760.02 Facility Rental - EDA 7,820 7,820 6,196 (1,624) 79%6,043 154 Charges for Services 7,820 7,820 6,196 (1,624) 79%6,043 154 Interest (losses) on investments 240-00000.00-36210.00 Interest Earnings 2,700 2,700 5,840 3,140 216%2,069 3,772 240-00000.00-36225.00 Unrealized Inv.Gain(Loss)- - (3,538) (3,538) n/a (458) (3,080) Interest (losses) on investments 2,700 2,700 2,303 (397) 85%1,611 (692) Transfers In 240-00000.00-39203.00 Transfer from Other Funds - 300,000 300,000 - 100%- 300,000 Transfers In - 300,000 300,000 - 100%- (300,000) Total Revenues 150,520 450,520 385,523 (64,997) 86%79,610 305,913 Expenditures Function: Economic Development 46500.00 ECONOMIC DEVELOPMENT 145,777 145,777 137,294 8,483 94%69,820 (67,474) 46503.00 TECH VILLAGE INCUBATOR 7,820 7,820 819 7,001 10%1,139 320 Total Expenditures 153,597 153,597 138,112 15,485 90%70,959 (67,154) Net Change (3,077) 296,923 247,411 8,652 COMPARATIVE