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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