Item 3CGENERAL FUND
Statement of Revenues, Expenditures and Changes in Fund Balance
for the period ended March 31, 2008
with comparative actual amounts for the period ended March 31, 2007
(fiscal month 6-50.0%)
Percent
Year to Date2008Collected/Year to Date
REVENUES3/31/08BudgetExpended3/31/2007
Ad Valorem Taxes$14,311,890$14,677,18197.5%$12,550,775
Sales Tax3,531,2578,402,60042.0%3,001,466
Franchise Fees988,6082,471,97140.0%851,598
Fines394,2651,000,00039.4%478,146
Charges for Services298,938903,57033.1%267,785
Permits/Fees888,4661,635,25054.3%1,008,768
Miscellaneous380,573663,81257.3%309,660
Interest Income171,304400,00042.8%154,915
Total Revenues$20,965,301$30,154,38469.5%$18,623,113
EXPENDITURES
City Secretary$143,869$387,74637.1%$134,995
Human Resources197,593437,79545.1%179,612
City Manager258,965635,32240.8%226,479
Support Services1,462,4904,167,11635.1%1,726,796
General Government Total2,062,9175,627,97936.7%2,267,882
Finance494,4901,166,05442.4%490,556
Municipal Court264,335554,51947.7%249,768
Municipal Court-Teen Court53,924126,94842.5%50,458
Finance Total812,7491,847,52144.0%790,782
Fire 1,903,2024,253,15944.7%1,616,460
Police2,521,2935,924,68342.6%2,733,582
Public Safety Support783,5071,586,62749.4%542,634
Public Safety Total5,208,00211,764,46944.3%5,233,611
Streets/Drainage1,042,0041,612,07864.6%589,663
Public Works Administration481,7251,196,70540.3%419,928
Public Works Total1,523,7292,808,78354.2%1,009,591
Building Inspections387,056973,50839.8%340,935
Planning392,8981,000,01939.3%368,067
Planning Total779,9541,973,52739.5%368,067
Economic Development139,611358,89738.9%145,134
Economic Development Total139,611358,89738.9%145,134
Community Services138,167513,07926.9%252,360
Parks and Recreation1,789,4334,168,08842.9%1,485,871
Library Services268,186578,82546.3%251,215
Community Services Total2,195,7865,259,99241.7%1,989,446
Total Expenditures$12,722,748$29,641,16842.9%$11,804,513
Excess (deficiency) of
Revenue over Expenditures$8,242,553$513,216$6,818,600
OTHER FINANCING
SOURCES AND (USES)
Proceeds from lease/CO (net)$0$0$0
Transfer In-Other Funds0408,1950
Transfer To-Other Funds0(1,085,000)0
Total Other Sources/(Uses)$0($676,805)$0
Excess (deficiency) of
Revenues/other sources over Exp.$8,242,553($163,589)$6,818,600
FUND BALANCE OCT 1$7,768,639
Change in reserved fund balance$0
ENDING FUND BALANCE$7,605,050
fund balance percentage25.66%
WATER AND SEWER ENTERPRISE FUND
Comparative Statement of Revenues and Expenses
for the period ended March 31, 2008 and March 31, 2007
(fiscal month 6-50.0%)
Percent
Year to Date2008Collected/Year to Date
3/31/08BudgetExpended3/31/2007
REVENUES
Water Sales-residential$3,644,554$10,500,00034.7%$3,685,289
Water Sales-commercial1,296,2893,100,00041.8%1,196,170
Sewer Sales1,954,6003,900,00050.1%1,892,853
Sanitation Sales471,6671,156,16340.8%491,047
Other utility charges120,604289,75041.6%133,772
Miscellaneous112,234106,000105.9%59,350
300,00034.2%84,307
Interest Income102,518
$19,351,913
Total Revenues$7,702,46639.8%$7,542,788
EXPENSES
Water$2,575,168$10,655,01524.2%$3,229,909
Utility Billing475,936 402,347 118.3%129,321
Sewer1,012,1122,052,76149.3%605,992
Sanitation225,732837,83426.9%305,253
5,358,22981.9%4,370,520
Debt Service4,386,789
$19,306,186
Total Expenses$8,675,73744.9%$8,640,995
Excess (deficiency) of
Revenue over Expenses($973,271)$45,727($1,098,207)
OTHER FINANCING
SOURCES AND (USES)
Transfer In-Other Funds$0$0
Developer Contributions$0$50,000$0
Transfer Out-Other Funds0(388,038)0
Total Other Sources/(Uses)$0($338,038)$0
Excess (deficiency) of
Revenues and other sources
($292,311)($1,098,207)
over Expenses($973,271)
CITY OF SOUTHLAKE
1% SALES TAX REPORT
2008CollectedBudgetBalance
Budgetto DateBalancePercent
$8,202,600$3,423,452$4,779,14858.26%
FISCALFISCALFISCAL
YEAR% IncYEAR% IncYEAR% Inc
MONTH2006-Dec2007-Dec2008-Dec
October933,496126.2%674,934-27.7%686,4991.7%
November520,78110.8%619,50919.0%802,41729.5%
December823,10614.4%1,106,02634.4%1,174,2606.2%
January499,82114.7%559,46911.9%760,27635.9%
February477,01916.2%611,24228.1%0-100.0%
March733,39714.7%804,7529.7%0-100.0%
April619,82026.0%664,7687.3%0-100.0%
May632,95429.2%744,25817.6%0-100.0%
June899,05043.1%828,321-7.9%0-100.0%
July509,76713.2%715,34240.3%0-100.0%
August642,63723.7%672,6144.7%0-100.0%
September773,38626.2%810,2584.8%0-100.0%
TOTAL$8,065,233$8,811,494$3,423,452
Three Year Revenue ComparisonThree Year Revenue Comparison
Three Year Revenue Comparison
by Monthby Month
by Month
800,000140.0%
1,200,000
700,000
120.0%
1,000,000
600,000
100.0%
800,000
500,000
80.0%
600,000
400,000
60.0%
400,000
300,000
40.0%
200,000
200,000
20.0%
100,000
0
0
0.0%
FISCAL YEAR 2006FISCAL YEAR 2007FISCAL YEAR 2008
FISCAL YEAR 03-04FISCAL YEAR 2005FISCAL % Inc -DecFISCAL % Inc -Dec
ActualBudgetActualEstimated(budget-est.)%
Month2007200820082008DifferenceChange
October(*)$ 628,294674,934$ $686,499686,499$ 58,205$ 9.26%
November(*)$ 576,699619,509$ $802,417802,417$ 225,717$ 39.14%
December(*)$ 1,029,5971,106,026$ $1,174,2601,174,260$ 144,663$ 14.05%
January(*)$ 520,809559,469$ $760,276760,276$ 239,467$ 45.98%
February(*)$ 569,004611,242$ $0569,004$ -$ 0.00%
March(*)$ 749,142804,752$ $0749,142$ -$ 0.00%
April (*)$ 618,831664,768$ $0618,831$ -$ 0.00%
May (*)$ 692,828744,258$ $0692,828$ -$ 0.00%
June (*)$ 771,082828,321$ $0771,082$ -$ 0.00%
July (*)$ 665,911715,342$ $0665,911$ -$ 0.00%
August(*)$ 626,135672,614$ $0626,135$ -$ 0.00%
754,267$ $0$ -754,267$ 0.00%
September(*)$810,258
TOTAL$ 8,202,6008,811,494$ 3,423,452$ 8,870,652$ 668,052$
* Beginning April 2006 includes Grand Avenue sales tax collections per 380 agreement
80% of collections will be distributed to Cooper & Stebbins