Item 3CGENERAL FUND
Statement of Revenues, Expenditures and Changes in Fund Balance
for the period ended August 31, 2008
with comparative actual amounts for the period ended August 31, 2007
(fiscal month 11-91.67%)
Percent
Year to Date2008Collected/Year to Date
8/31/08BudgetExpended8/31/07
REVENUES
Ad Valorem Taxes$14,729,683$14,677,181100.4%$13,114,442
Sales Tax (1)6,496,0848,402,60077.3%7,475,412
Franchise Fees2,536,5522,471,971102.6%2,070,793
Fines754,2321,000,00075.4%914,950
Charges for Services831,990903,57092.1%768,656
Permits/Fees1,668,1501,635,250102.0%1,916,574
Miscellaneous671,403663,812101.1%641,421
400,000126.0%365,745
Interest Income504,148
$30,154,384
Total Revenues$28,192,24293.5%$27,267,993
EXPENDITURES
City Secretary$291,025$387,74675.1%$267,348
Human Resources366,362437,79583.7%343,621
City Manager500,218635,32278.7%527,127
4,167,11667.8%2,851,570
Support Services2,825,705
General Government Tota3,983,3105,627,97970.8%3,989,666
l
Finance954,1291,166,05481.8%855,610
Municipal Court514,937554,51992.9%488,624
126,94882.7%100,946
Municipal Court-Teen Court105,048
Finance Tota1,574,1141,847,52185.2%1,445,180
l
Fire 3,852,2274,253,15990.6%3,157,884
Police4,592,2705,924,68377.5%4,563,642
1,586,62771.4%1,512,775
Public Safety Support1,133,462
Tota9,577,95911,764,46981.4%9,234,301
Public Safetyl
Streets/Drainage1,505,4801,612,07893.4%1,369,879
1,196,70577.5%812,365
Public Works Administration927,754
Public Works Tota2,433,2342,808,78386.6%2,182,244
l
Building Inspections775,569973,50879.7%613,543
1,000,01976.9%720,593
Planning769,113
Plannin Tota1,544,6821,973,52778.3%1,334,136
gl
Economic Development264,158358,89773.6%268,749
Economic Develoment Tota264,158358,89773.6%268,749
pl
Community Services315,844513,07961.6%434,307
Parks and Recreation3,548,5154,168,08885.1%3,215,029
578,82587.1%450,676
Library Services504,360
Communit Services Tota4,368,7195,259,99283.1%4,100,012
yl
$23,746,176$29,641,16880.1%$22,554,288
Total Expenditures
Excess (deficiency) of
Revenue over Expenditures$4,446,066$513,216$4,713,705
OTHER FINANCING
SOURCES AND (USES)
Proceeds from lease/CO (net)$0$0$0
Transfer In-Other Funds408,195408,195295,752
(1,085,000)(1,700,000)
Transfer To-Other Funds(1,085,000)
Total Other Sources/(Uses)($676,805)($676,805)($1,404,248)
Excess (deficiency) of
($163,589)$3,309,457
Revenues/other sources over Exp.$3,769,261
FUND BALANCE OCT 1$7,768,639
Change in reserved fund balance$0
ENDING FUND BALANCE$7,605,050
fund balance percentage25.66%
(1)-net 380 agreement payment
WATER AND SEWER ENTERPRISE FUND
Comparative Statement of Revenues and Expenses
for the period ended August 31, 2008 and August 31, 2007
(fiscal month 11-91.67%)
AMENDED
Percent
Year to Date2008Collected/Year to Date
8/31/08BudgetExpended8/31/07
REVENUES
Water Sales-residential$9,156,674$10,500,00087.2%$6,776,782
Water Sales-commercial2,495,7183,100,00080.5%2,166,903
Sewer Sales3,672,9703,900,00094.2%3,537,548
Sanitation Sales915,6571,156,16379.2%931,987
Other utility charges156,857289,75054.1%259,948
Miscellaneous171,853106,000162.1%165,272
300,00073.2%252,553
Interest Income219,508
$19,351,913
Total Revenues$16,789,23786.8%$14,090,993
EXPENSES
Water$7,069,571$10,655,01566.3%$5,872,701
Utility Billing350,240 419,847 83.4%251,105
Sewer1,863,3182,184,38585.3%1,090,104
Sanitation488,445837,83458.3%637,574
5,358,229100.0%5,416,199
Debt Service5,358,229
$19,455,310
Total Expenses$15,129,80377.8%$13,267,683
Excess (deficiency) of
Revenue over Expenses$1,659,434($103,397)$823,310
OTHER FINANCING
SOURCES AND (USES)
Transfer In-Other Funds$0$0
Developer Contributions$0$50,000$0
Transfer Out-Other Funds0(388,038)(275,595)
Total Other Sources/(Uses)$0($338,038)($275,595)
Excess (deficiency) of
Revenues and other sources
($441,435)$547,715
over Expenses$1,659,434
CITY OF SOUTHLAKE
1% SALES TAX REPORT
2008CollectedBudgetBalance
Budgetto DateBalancePercent
$8,202,600$7,353,233$849,36710.35%
FISCALFISCALFISCAL
YEAR% IncYEAR% IncYEAR% Inc
MONTH2006-Dec2007-Dec2008-Dec
933,496126.2%674,934-27.7%686,4991.7%
October
520,78110.8%619,50919.0%802,41729.5%
November
823,10614.4%1,106,02634.4%1,174,2606.2%
December
499,82114.7%559,46911.9%760,27635.9%
January
477,01916.2%611,24228.1%619,8281.4%
February
733,39714.7%804,7529.7%856,0106.4%
March
619,82026.0%664,7687.3%749,50812.7%
April
632,95429.2%744,25817.6%787,3365.8%
May
899,05043.1%828,321-7.9%917,09910.7%
June
509,76713.2%715,34240.3%0-100.0%
July
642,63723.7%672,6144.7%0-100.0%
August
773,38626.2%810,2584.8%0-100.0%
September
TOTAL$8,065,233$8,811,494$7,353,233
Three Year Revenue ComparisonThree Year Revenue Comparison
Three Year Revenue Comparison
by Monthby Month
by Month
140.0%800000
1200000
700000
120.0%
1000000
600000
100.0%
800000
500000
80.0%
400000 600000
60.0%
300000
400000
40.0%
200000
200000
100000
20.0%
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
$ 628,294674,934$ $686,499686,499$ 58,205$ 9.26%
October(*)
$ 576,699619,509$ $802,417802,417$ 225,717$ 39.14%
November(*)
$ 1,029,5971,106,026$ $1,174,2601,174,260$ 144,663$ 14.05%
December(*)
$ 520,809559,469$ $760,276760,276$ 239,467$ 45.98%
January(*)
$ 569,004611,242$ $619,828619,828$ 50,825$ 8.93%
February(*)
$ 749,142804,752$ $856,010856,010$ 106,868$ 14.27%
March(*)
$ 618,831664,768$ $749,508749,508$ 130,677$ 21.12%
April (*)
$ 692,828744,258$ $787,336787,336$ 94,507$ 13.64%
May (*)
$ 771,082828,321$ $917,099917,099$ 146,017$ 18.94%
June (*)
$ 665,911715,342$ $0665,911$ -$ 0.00%
July (*)
$ 626,135672,614$ $0626,135$ -$ 0.00%
August(*)
$ 754,267810,258$ $0$754,267 -$ 0.00%
September(*)
TOTAL$ 8,202,6008,811,494$ 7,353,233$ 9,399,546$ 1,196,946$
* Beginning April 2006 includes Grand Avenue sales tax collections per 380 agreement
80% of collections will be distributed to Cooper & Stebbins