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HomeMy WebLinkAboutBudget Summary Report.pdfCITY OF REXBURG BUDGET SUMMARY REPORT FY 2017 3 months ending 12/31/2016 Page 1 EXPENDITURES BUDGET ACTUAL 25% FORECAST OPERATING EXPENDITURES Arts 374,100 97,954 26% 379,100 Building Maintenance 37,700 9,319 25% 37,700 Building Safety 698,100 198,578 28% 736,100 Customer Services 351,300 72,670 21% 351,300 Economic Development 283,700 86,919 31% 303,500 Emergency Services 3,376,900 860,765 25% 3,200,900 Financial Management 810,700 198,086 24% 810,700 GIS 436,200 89,259 20% 436,200 Golf Courses 448,900 80,884 18% 448,900 Human Resources 105,100 25,821 25% 105,100 Information Technology 461,700 91,216 20% 461,700 Legacy Flight Museum 56,100 30,112 54% 56,100 Legal Services 226,500 59,562 26% 226,500 Mayor, Council & Mayor's Youth Advisory Board 376,000 97,151 26% 376,000 Miscellaneous 51,400 6,516 13% 52,900 Parks & Ball Diamonds 557,600 111,481 20% 557,600 Planning & Zoning 261,500 55,596 21% 261,500 Recreation Administration & Programs 519,000 63,533 12% 519,000 Rexburg Rapids 432,800 21,573 5% 432,800 Police Department Administration Division & Fund 09 1,102,100 236,155 21% 1,102,100 Patrol Division & Funds 13 2,095,900 478,429 23% 2,103,900 Investigations Division 647,900 173,833 27% 647,900 Community Services Division & Funds 08,11,14 566,400 134,217 24% 570,700 Total Police Department 4,412,300 1,022,634 23% 4,424,600 Public Works Shop 480,200 108,535 23% 480,200 Sanitation 1,934,400 478,669 25% 1,934,400 Water 2,395,200 597,303 25% 2,398,700 Wastewater - Treatment 2,275,900 610,332 27% 2,275,900 Wastewater - Collection 1,370,700 306,049 22% 1,370,700 Street Operations 1,882,300 356,108 19% 1,886,300 Street Repair Contracts 240,000 10,678 4% 245,000 Total Public Works 10,578,700 2,467,674 23% 10,591,200 TOTAL OPERATING EXPENDITURES 24,856,300 5,747,303 23%24,769,400 CAPITAL EXPENDITURES Engineering 624,300 160,460 26% 624,300 Construction 06,30,31,32,39,41,42,44,46,49,51-58,82,85 20,755,200 3,771,607 18% 21,623,700 Contributed Capital 2,600,000 0% 2,600,000 Capital Reserve Funds 07,18,20,33,34,35,38 1,885,900 22,985 1% 2,375,900 LID Debt Service Funds 59-69 1,166,100 0% 1,166,100 Trust & RLF Funds 15,16,19,21,22,90,91 64,900 13,861 21%211,600 TOTAL CAPITAL EXPENDITURES 27,096,400 3,968,913 15%28,601,600 Contingent Operating Expenses 2,577,000 0% 2,307,700 Contingent Capital Expenses 2,149,800 0% 1,909,800 Internal Transfers Out for Operations 2,899,500 4,599 0% 3,179,300 Internal Transfers Out for Capital 17,323,000 0% 17,175,600 TOTAL EXPENDITURES FOR ALL FUNDS 76,902,000 9,720,815 13% 77,943,400 CITY OF REXBURG BUDGET SUMMARY REPORT FY 2017 3 months ending 12/31/2016 Page 2 REVENUES BUDGET ACTUAL 25% FORECAST OPERATING REVENUES County Road Tax 844,000 69,891 8% 844,000 Federal Grants 497,000 7,560 2% 462,000 Franchise Fees 1,629,400 123,047 8% 1,629,400 Fund Balances for Operations 1,951,400 0% 2,530,600 Interest 161,500 14,344 9% 161,500 Interfund Charges for Services 2,873,700 695,925 24% 2,873,700 Miscellaneous 529,300 90,231 17% 529,300 Operating Contributions 2,706,000 551,253 20% 2,718,000 Parks, Recreation, Museums, Arts, Golf 1,219,100 59,430 5% 1,219,100 Permits & Licenses 737,200 260,968 35% 737,200 Property Tax 4,314,400 369,403 9% 4,314,400 State Taxes & Grants 2,695,900 14,366 1% 2,705,900 Utility Charges -Water 2,489,000 518,087 21% 2,489,000 Utility Charges -Wastewater 4,162,000 1,009,538 24% 4,162,000 Utility Charges -Sanitation 1,975,000 517,532 26% 1,975,000 TOTAL OPERATING REVENUES 28,784,900 4,301,575 15%29,351,100 CAPITAL REVENUES Borrowing 5,888,700 956,446 16% 5,888,700 Capital Reserve Funds 5,006,100 646,348 13% 5,048,800 Construction Funds 5,358,400 52,924 1% 5,711,800 Contributed Capital 2,485,000 0% 2,813,500 Engineering Billings 623,300 0% 623,300 Fund Balances for Capital 3,563,600 0% 3,711,800 Grants 2,444,500 -121,535 -5% 2,444,500 LID Funds 498,100 39,808 8% 498,100 Trust Funds 1,483,300 105,094 7%1,530,000 TOTAL CAPITAL REVENUES 27,351,000 1,679,085 6%28,270,500 Contingent Operating Revenues 34,800 0% 2,800 Contingent Capital Revenues 508,800 0% 508,800 Internal Transfers In for Operations 2,889,500 4,599 0% 3,158,800 Internal Transfers In for Capital 17,333,000 0% 17,170,600 TOTAL REVENUES ALL FUNDS 76,902,000 5,985,259 8% 78,462,600 OPERATIONS SUMMARY TOTAL OPERATING REVENUES 28,784,900 4,301,575 15% 29,351,100 TOTAL OPERATING EXPENDITURES 24,856,300 5,747,303 23% 24,769,400 ---NET OPERATIONS 3,928,600 -1,445,728 -8% 4,581,700 CAPITAL SUMMARY TOTAL CAPITAL REVENUES 27,351,000 1,679,085 6% 28,270,500 TOTAL CAPITAL EXPENDITURES 27,096,400 3,968,913 15% 28,601,600 ---NET CAPITAL TRANSACTIONS 254,600 -2,289,828 -9% -331,100 TOTAL ALL REVENUES 76,902,000 5,985,259 8% 78,462,600 TOTAL ALL EXPENDITURES 76,902,000 9,720,815 13% 77,943,400 NET ALL REVENUES OVER EXPENDITURES 0 -3,735,556 -5%519,200 CITY OF REXBURG CASH & INVESTMENT FY 2017 BALANCE REPORT Page 3 BALANCE AS OF CASH & INVESTMENTS* 12/31/2016 Bank of Commerce Legacy Flight Museum Checking 40,291 0.21% Beehive Credit Union CD 250,000 1.27% Cash On Hand 1,350 0.01% Citizens Community Bank CDARS 1,431,813 7.30% Citizens Community Bank Checking (RLF)153,705 0.78% Idaho Central Credit Union CD 250,000 1.27% Idaho Central Credit Union Savings 25 0.00% Moreton Asset Management Government Securities 3,653,653 18.62% Real Estate Investments (Streets)307,085 1.56% State Diversified Bond Fund 7,338,077 37.39% State Local Government Investment Pool--City 683,354 3.48% State Local Government Investment Pool--Fire District 435 0.00% Wells Fargo Bank Drug Fund Checking 19,884 0.10% Wells Fargo Bank Fire District Checking & Savings 275,509 1.40% Zions Bank Capital Advisors 2,502,844 12.75% Zions Bank Collateralized Acct 1,847,924 9.42% Zions Bank Direct Auction-Agencies 444,231 2.26% Zions Bank Direct Auction-CD 200,000 1.02% Zions Bank General Checking 204,656 1.04% Zions Bank Payroll Checking 22,419 0.11% TOTAL 19,627,255 100.00% Percentage of Portfolio