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Item 3DWATER AND SEWER ENTERPRISE FUND Comparative Statement of Revenues and Expenses for the period ended May 31, 2008 and May 31, 2007 (fiscal month 8-66.67%) AMENDED Percent Year to Date2008Collected/Year to Date 5/31/08BudgetExpended5/31/07 REVENUES Water Sales-residential$5,181,818$10,500,00049.4%$4,782,955 Water Sales-commercial1,630,9383,100,00052.6%1,530,256 Sewer Sales2,881,6063,900,00073.9%2,535,347 Sanitation Sales707,6691,156,16361.2%649,791 Other utility charges159,457289,75055.0%187,889 Miscellaneous211,229106,000199.3%126,874 300,00055.2%95,467 Interest Income165,560 $19,351,913 Total Revenues$10,938,27756.5%$9,908,579 EXPENSES Water$3,944,912$10,655,01537.0%$4,078,930 Utility Billing257,277 419,847 61.3%180,167 Sewer1,391,5372,184,38563.7%820,581 Sanitation290,451837,83434.7%427,745 5,358,22981.9%4,370,520 Debt Service4,386,789 $19,455,310 Total Expenses$10,270,96652.8%$9,877,943 Excess (deficiency) of Revenue over Expenses$667,311($103,397)$30,636 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 ($441,435)$30,636 over Expenses$667,311 GENERAL FUND Statement of Revenues, Expenditures and Changes in Fund Balance for the period ended May 31, 2008 with comparative actual amounts for the period ended May 31, 2007 (fiscal month 8-66.67%) Percent Year to Date2008Collected/Year to Date REVENUES5/31/08BudgetExpended5/31/07 Ad Valorem Taxes$14,593,384$14,677,18199.4%$12,767,038 Sales Tax5,068,1488,402,60060.3%5,131,111 Franchise Fees1,755,4092,471,97171.0%1,491,159 Fines562,5061,000,00056.3%630,604 Charges for Services558,730903,57061.8%548,474 Permits/Fees1,314,5831,635,25080.4%1,416,329 Miscellaneous550,941663,81283.0%404,505 Interest Income240,817400,00060.2%197,168 $30,154,384 Total Revenues$24,644,51881.7%$22,586,388 EXPENDITURES City Secretary$204,214$387,74652.7%$191,369 Human Resources338,412437,79577.3%231,892 City Manager255,450635,32240.2%316,773 Support Services2,038,5434,167,11648.9%2,065,190 General Government Total2,836,6195,627,97950.4%2,805,224 Finance625,8521,166,05453.7%638,437 Municipal Court363,622554,51965.6%333,614 Municipal Court-Teen Court72,446126,94857.1%71,716 Finance Total1,061,9201,847,52157.5%1,043,767 Fire 2,754,2304,253,15964.8%2,214,357 Police3,289,0695,924,68355.5%3,866,385 Public Safety Support925,6111,586,62758.3%668,989 Public Safety Total6,968,91011,764,46959.2%6,749,731 Streets/Drainage1,229,8861,612,07876.3%891,062 Public Works Administration635,4211,196,70553.1%553,471 Public Works Total1,865,3072,808,78366.4%1,444,533 Building Inspections526,761973,50854.1%442,268 Planning534,1121,000,01953.4%500,529 Planning Total1,060,8731,973,52753.8%942,797 Economic Development183,053358,89751.0%188,718 Economic Development Total183,053358,89751.0%188,718 Community Services238,689513,07946.5%338,130 Parks and Recreation2,412,4334,168,08857.9%1,992,203 Library Services344,921578,82559.6%325,918 Community Services Total2,996,0435,259,99257.0%2,656,251 $16,972,725$29,641,16857.3%$15,831,021 Total Expenditures Excess (deficiency) of Revenue over Expenditures$7,671,793$513,216$6,755,367 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) Total Other Sources/(Uses)$0($676,805)$0 Excess (deficiency) of Revenues/other sources over Exp.$7,671,793($163,589)$6,755,367 FUND BALANCE OCT 1$7,768,639 Change in reserved fund balance$0 ENDING FUND BALANCE$7,605,050 fund balance percentage25.66% CITY OF SOUTHLAKE 1% SALES TAX REPORT 2008CollectedBudgetBalance Budgetto DateBalancePercent $8,202,600$4,899,291$3,303,30940.27% 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%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$4,899,291 Three Year Revenue ComparisonThree Year Revenue Comparison Three Year Revenue Comparison by Monthby Month by Month 800000 140.0% 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$ $0618,831$ -$ 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$ 4,899,291$ 9,028,345$ 825,745$ * Beginning April 2006 includes Grand Avenue sales tax collections per 380 agreement 80% of collections will be distributed to Cooper & Stebbins