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