Item 3CGENERAL FUND
Statement of Revenues, Expenditures and Changes in Fund Balance
for the period ended February 29, 2008
with comparative actual amounts for the period ended February 28, 2007
(fiscal month 5-41.67%)
Percent
Year to Date2008Collected/Year to Date
REVENUES2/29/08BudgetExpended2/28/07
Ad Valorem Taxes$14,284,286$14,677,18197.3%$12,954,711
Sales Tax3,531,2578,402,60042.0%2,981,466
Franchise Fees554,1242,471,97122.4%846,051
Fines368,2761,000,00036.8%360,705
Charges for Services165,521903,57018.3%222,779
Permits/Fees739,7781,635,25045.2%732,766
Miscellaneous401,403663,81260.5%229,740
Interest Income139,420400,00034.9%101,068
$20,184,065$30,154,384$18,429,286
Total Revenues66.9%
EXPENDITURES
City Secretary$120,125$387,74631.0%$109,144
Human Resources165,801437,79537.9%143,769
City Manager208,461635,32232.8%187,321
Support Services1,252,8634,167,11630.1%1,448,541
General Government Total1,747,2505,627,97931.0%1,888,775
Finance440,6551,166,05437.8%369,837
Municipal Court223,963554,51940.4%185,576
Municipal Court-Teen Court46,322126,94836.5%38,098
Finance Total710,9401,847,52138.5%593,511
Fire 1,703,2264,253,15940.0%1,346,532
Police2,185,1925,924,68336.9%2,043,719
Public Safety Support752,1581,586,62747.4%437,489
Public Safety Total4,640,57611,764,46939.4%270,623
Streets/Drainage843,0941,612,07852.3%4,098,363
Public Works Administration387,2861,196,70532.4%447,286
Public Works Total1,230,3802,808,78343.8%321,320
Building Inspections325,661973,50833.5%768,606
Planning346,9271,000,01934.7%294,671
Planning and Dev Total672,5881,973,527294,671
34.1%
Economic Development118,302358,89733.0%116,544
Economic Development Total118,302358,89733.0%116,544
Community Services111,507513,07921.7%189,147
Parks and Recreation1,538,0494,168,08836.9%1,174,790
Library Services229,723578,82539.7%202,451
Community Services Total1,879,2795,259,99235.7%1,566,388
$10,999,315$29,641,16837.1%$9,326,858
Total Expenditures
Excess (deficiency) of
Revenue over Expenditures$9,184,750$513,216$9,102,428
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.$9,184,750($163,589)$9,102,428
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 February 29, 2008 and February 28, 2007
(fiscal month 5-41.67%)
Percent
Year to Date2008Collected/Year to Date
REVENUES2/29/08BudgetExpended2/28/07
Water Sales-residential$3,387,838$10,500,00032.3%$3,161,079
Water Sales-commercial1,167,6323,100,00037.7%1,040,013
Sewer Sales1,770,1523,900,00045.4%1,562,348
Sanitation Sales427,6951,156,16337.0%406,683
Other utility charges108,646289,75037.5%107,141
Miscellaneous38,876106,00036.7%40,698
Interest Income81,265300,00027.1%72,847
Total Revenues$6,982,104$19,351,91336.1%$6,390,809
EXPENSES
Water$2,125,722$10,655,01520.0%$2,373,088
Utility Billing179,425 402,347 44.6%102,333
Sewer890,3182,052,76143.4%480,542
Sanitation206,883837,83424.7%244,098
Debt Service4,386,7895,358,22981.9%4,370,520
Total Expenses$7,789,137$19,306,18640.3%$7,570,581
Excess (deficiency) of
Revenue over Expenses($807,033)$45,727($1,179,772)
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
over Expenses($807,033)($292,311)($1,179,772)
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
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%0-100.0%
February
733,39714.7%804,7529.7%0-100.0%
March
619,82026.0%664,7687.3%0-100.0%
April
632,95429.2%744,25817.6%0-100.0%
May
899,05043.1%828,321-7.9%0-100.0%
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$3,423,452
Three Year Revenue Comparison
Three Year Revenue Comparison
by Month
by Month
140.0%
1,200,000
120.0%
1,000,000
100.0%
800,000
80.0%
600,000
60.0%
400,000
40.0%
200,000
20.0%
0
0.0%
FISCAL YEAR 2006FISCAL YEAR 2007FISCAL YEAR 2008
FISCAL % 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$ $0569,004$ -$ 0.00%
February(*)
$ 749,142804,752$ $0749,142$ -$ 0.00%
March(*)
$ 618,831664,768$ $0618,831$ -$ 0.00%
April (*)
$ 692,828744,258$ $0692,828$ -$ 0.00%
May (*)
$ 771,082828,321$ $0771,082$ -$ 0.00%
June (*)
$ 665,911715,342$ $0665,911$ -$ 0.00%
July (*)
$ 626,135672,614$ $0626,135$ -$ 0.00%
August(*)
754,267$ $0$754,267 -$ 0.00%
$810,258
September(*)
TOTAL$ 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