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Item 3CWATER AND SEWER ENTERPRISE FUND Comparative Statement of Revenues and Expenses for the period ended August 31, 2007 and August 31, 2006 (fiscal month 11-91.67%) AMENDED Percent Year to Date2006/07Collected/Year to Date 8/31/07BudgetExpended8/31/2006 REVENUES Water Sales-residential$6,776,782$10,200,00066.4%$8,855,005 Water Sales-commercial2,166,9032,800,00077.4%2,296,455 Sewer Sales3,537,5483,700,00095.6%3,148,729 Sanitation Sales931,987960,00097.1%895,064 Other utility charges259,948285,50091.1%226,433 Miscellaneous165,272102,500161.2%169,144 100,000252.6%89,748 Interest Income252,553 $18,148,000 Total Revenues$14,090,99377.6%$15,680,578 EXPENSES Water$5,872,701$9,601,02461.2%$5,295,788 Utility Billing251,105 358,863 70.0%200,724 Sewer1,090,1041,922,26856.7%1,036,703 Sanitation637,574754,50084.5%601,051 5,416,199100.0%5,392,155 Debt Service5,416,199 $18,052,854 Total Expenses$13,267,68373.5%$12,526,421 Excess (deficiency) of $95,146 Revenue over Expenses$823,310$3,154,157 OTHER FINANCING SOURCES AND (USES) Transfer In-Other Funds$0$0 Developer Contributions$0$50,000$0 Transfer Out-Other Funds(275,595)(275,595)0 Total Other Sources/(Uses)($275,595)($225,595)$0 Excess (deficiency) of Revenues and other sources ($130,449)$3,154,157 over Expenses$547,715 GENERAL FUND Statement of Revenues, Expenditures and Changes in Fund Balance for the period ended August 31, 2007 with comparative actual amounts for the period ended August 31, 2006 (fiscal month 11-91.67%) AMENDED Percent Year to Date2006/07Collected/Year to Date REVENUES8/31/07BudgetExpended8/31/2006 Ad Valorem Taxes$13,114,442$12,953,276101.2%$12,293,086 Sales Tax7,475,4127,952,00094.0%6,778,762 Franchise Fees2,070,7932,188,72394.6%1,583,152 Fines914,9501,216,00075.2%1,155,805 Charges for Services768,656729,612105.4%715,250 Permits/Fees1,916,5741,667,960114.9%1,644,466 Miscellaneous641,421484,966132.3%580,217 Interest Income365,745250,000146.3%223,726 $27,442,537 Total Revenues$27,267,99399.4%$24,974,464 EXPENDITURES City Secretary$267,348$351,92076.0%$237,474 Human Resources343,621382,21489.9%298,615 City Manager527,127585,75290.0%338,822 Support Services2,851,5703,778,31075.5%2,542,542 General Government Total3,989,6665,098,19678.3%3,417,453 Finance855,610965,86488.6%751,621 Municipal Court488,624534,08991.5%378,748 Municipal Court-Teen Court100,946118,22485.4%56,361 Finance Total1,445,1801,618,17789.3%1,186,730 Fire 3,157,8843,802,93583.0%2,691,183 Police4,563,6425,600,22281.5%3,991,829 Public Safety Support1,512,7751,515,60999.8%1,247,710 Building613,543719,37085.3%696,417 Public Safety Total9,847,84411,638,13684.6%8,627,139 Streets/Drainage1,369,8791,589,73286.2%1,106,527 Public Works Administration812,365975,98983.2%646,576 Public Works Total2,182,2442,565,72185.1%1,753,103 Planning720,593931,29877.4%531,072 Planning Total720,593931,298531,072 77.4% Economic Development268,749391,54168.6%269,616 Economic Development Total268,749391,54168.6%269,616 Community Services434,307524,06182.9%232,228 Parks and Recreation3,215,0293,969,70281.0%2,592,157 Library Services450,676480,16593.9%374,059 Community Services Total4,100,0124,973,92882.4%3,198,444 $22,554,288$27,216,99782.9%$18,983,557 Total Expenditures Excess (deficiency) of Revenue over Expenditures$4,713,705$225,540$5,990,907 OTHER FINANCING SOURCES AND (USES) Proceeds from lease/CO (net)$0$0$0 Transfer In-Other Funds295,752295,7520 Transfer To-Other Funds(1,700,000)(1,700,000)(3,160,000) Total Other Sources/(Uses)($1,404,248)($1,404,248)($3,160,000) Excess (deficiency) of Revenues/other sources over Exp.$3,309,457($1,178,708)$2,830,907 FUND BALANCE OCT 1$7,985,520 Change in reserved fund balance$0 ENDING FUND BALANCE$6,806,812 fund balance percentage25.01% CITY OF SOUTHLAKE 1% SALES TAX REPORT 2006-07CollectedBudgetBalance Budgetto DateBalancePercent $7,812,000$7,328,621$483,3796.19% FISCALFISCALFISCAL YEAR% IncYEAR% IncYEAR% Inc MONTH04-05-Dec05-06-Dec06-07-Dec 412,69813.2%933,496126.2%674,934-27.7% October 469,81926.5%520,78110.8%619,50919.0% November 719,32318.3%823,10614.4%1,106,02634.4% December 435,71623.1%499,82114.7%559,46911.9% January 410,40928.1%477,01916.2%611,24228.1% February 639,50926.7%733,39714.7%804,7529.7% March 491,82218.4%619,82026.0%664,7687.3% April 490,0738.0%632,95429.2%744,25817.6% May 628,18326.8%899,05043.1%828,321-7.9% June 450,4909.4%509,76713.2%715,34240.3% July 519,32733.4%642,63723.7%0-100.0% August 613,02421.8%773,38626.2%0-100.0% September TOTAL$6,280,392$8,065,233$7,328,621 Three Year Revenue Comparison by Month 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 FISCAL YEAR 03-04FISCAL YEAR 05-06FISCAL YEAR 06-07 ActualBudgetActualEstimated(budget-est.)% Month2005-062006-072005-062006-07DifferenceChange $ 549,186933,496$ 674,934$ 674,934$ 125,748$ 34.51% October $ 564,430520,781$ 619,509$ 619,509$ 55,079$ 14.83% November $ 892,262823,106$ 1,106,026$ 1,106,026$ 213,764$ 35.16% December $ 549,127499,821$ 559,469$ 559,469$ 10,342$ 2.92% January $ 522,041477,019$ 611,242$ 611,242$ 89,201$ 27.84% February $ 785,370733,397$ 804,752$ 804,752$ 19,383$ 3.84% March $ 600,359619,820$ 664,768$ 664,768$ 64,409$ 15.50% April $ 613,080632,954$ 744,258$ 744,258$ 131,178$ 28.91% May $ 870,822899,050$ 828,321$ 828,321$ (42,501)$ -8.58% June $ 493,762509,767$ 715,342$ 715,342$ 221,580$ 53.79% July $ 622,460642,637$ -$ 622,460$ -$ 0.00% August 749,103$ -$ 749,103$ -$ 0.00% $773,386 September TOTAL$ 7,812,0008,065,233$ 7,328,621$ 8,700,184$ 888,184$ * Beginning April 2006 includes Grand Avenue sales tax collections per 380 agreement 80% of collections will be distributed to Cooper & Stebbins