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HomeMy WebLinkAboutBudget Summary ReportCITY OF REXBURG BUDGET SUMMARY REPORT FY 2019 5 months ending 2/28/2019 Page 1 EXPENDITURES BUDGET ACTUAL 42%FORECAST OPERATING EXPENDITURES Misc. Departments/Categories Arts 524,400 137,305 26%626,200 Building Safety 995,400 396,128 40%995,400 Customer Services 298,300 120,395 40%298,300 Economic Development 403,100 186,915 46%410,700 Emergency Services 4,170,300 1,692,624 41%4,562,500 Financial Management 855,300 356,130 42%857,800 GIS 433,600 179,097 41%433,600 Golf Courses 678,800 178,436 26%716,600 Human Resources 134,800 55,789 41%134,300 Information Technology 675,600 249,089 37%675,600 Legacy Flight Museum 91,600 8,570 9%91,600 Legal Services 248,200 107,843 43%248,200 Mayor, Council & Mayor's Youth Advisory Board 326,100 130,647 40%326,100 Miscellaneous 44,800 18,873 42%46,000 Parks & Ball Diamonds 673,600 202,862 30%691,300 Planning & Zoning 345,000 129,519 38%356,200 Recreation Administration & Programs 453,300 208,265 46%482,000 Rexburg Rapids 479,800 41,869 9%479,800 Total Misc. Departments/Categories 11,832,000 4,400,356 37%12,432,200 Police Department Administration Division & Fund 09 1,353,100 512,318 38%1,365,100 Patrol Division & Funds 13 2,202,400 934,555 42%2,202,400 Investigations Division 687,600 310,412 45%687,600 Community Services Division & Funds 08,11,14 679,800 264,703 39%679,900 Total Police Department 4,922,900 2,021,988 41%4,935,000 Public Works Building Maintenance 47,800 24,953 52%47,800 Shop 629,600 241,337 38%629,600 Sanitation 2,196,300 902,040 41%2,196,300 Water 3,021,900 1,056,700 35%3,021,900 Wastewater - Treatment 3,063,500 1,206,295 39%2,993,500 Wastewater - Collections 1,641,500 662,318 40%1,641,500 Street Operations 2,438,200 827,545 34%2,559,000 Street Repair Contracts 778,000 1,384,851 178%1,932,100 Total Public Works 13,816,800 6,306,039 46%15,021,700 TOTAL OPERATING EXPENDITURES 30,571,700 12,728,383 42%32,388,900 CAPITAL EXPENDITURES Engineering 575,200 227,849 40%575,200 Construction 06,30,31,32,39,41,42,44,46,49,51-58,82,84,85 8,658,000 1,268,660 15%9,128,200 Contributed Capital Offset 1,675,000 0%1,675,000 Capital Reserve Funds 07,18,20,33,34,35,38 715,400 377,220 53%933,000 LID Debt Service Funds 59-69 1,073,400 43,711 4%1,073,400 Trust & RLF Funds 15,16,19,21,22,90,91 217,300 22,123 10%177,400 TOTAL CAPITAL EXPENDITURES 12,914,300 1,939,563 15%13,562,200 Contingent Operating Expenses 5,079,800 0%3,473,400 Contingent Capital Expenses 4,957,400 0%2,263,700 Internal Transfers Out for Operations 4,503,000 172,125 4%4,221,000 Internal Transfers Out for Capital 4,811,900 105,000 2%6,434,300 TOTAL EXPENDITURES FOR ALL FUNDS 62,838,100 14,945,071 24%62,343,500 CITY OF REXBURG BUDGET SUMMARY REPORT FY 2019 5 months ending 2/28/2019 Page 2 REVENUES BUDGET ACTUAL 42%FORECAST OPERATING REVENUES County Road Tax 830,000 536,150 65%830,000 Federal Grants 552,400 145,297 26%753,400 Franchise Fees 1,826,600 544,377 30%1,826,900 Fund Balances for Operations 3,191,100 0%4,387,700 Investment Earnings 147,200 72,937 50%147,200 Unrealized Gain (Loss)23,466 0% Interfund Charges for Services 3,402,300 1,400,958 41%3,402,300 Miscellaneous 878,400 261,200 30%929,200 Operating Contributions 3,188,500 719,865 23%3,253,200 Parks, Recreation, Museums, Arts, Golf 1,310,200 187,420 14%1,387,500 Permits & Licenses 855,200 198,244 23%855,200 Property Tax 4,817,300 2,885,807 60%4,817,300 State Taxes & Grants 3,032,600 815,938 27%3,769,600 Utility Charges -Water 2,952,500 1,095,746 37%2,952,500 Utility Charges -Wastewater 6,329,800 2,056,657 32%6,329,800 Utility Charges -Sanitation 2,235,000 1,027,968 46%2,235,000 TOTAL OPERATING REVENUES 35,549,100 11,972,030 34%37,876,800 CAPITAL REVENUES Borrowing - DEQ Water Loan 905,000 819,752 91%905,000 Capital Reserve Fees & Impact Fees 2,071,800 356,114 17%1,889,100 Capital Reserve Carryover Balances 4,201,500 0%5,362,900 Construction Funds 5,675,000 100,262 2%3,069,800 Contributed Capital 1,469,100 0%1,479,100 Engineering Billings 574,500 0%574,500 Fund Balances for Capital 510,900 0%1,041,500 Grants 345,800 0%669,500 LID Funds 300,000 142,329 47%692,000 Trust Funds 1,886,600 573,349 30%1,897,800 TOTAL CAPITAL REVENUES 17,940,200 1,991,806 11%17,581,200 Contingent Operating Revenues 0% Contingent Capital Revenues 0% Internal Transfers In for Operations 4,467,500 172,125 4%4,261,200 Internal Transfers In for Capital 4,881,300 105,000 2%6,503,700 TOTAL REVENUES ALL FUNDS 62,838,100 14,240,961 23%66,222,900 OPERATIONS SUMMARY TOTAL OPERATING REVENUES 40,016,600 12,144,155 34%42,138,000 TOTAL OPERATING EXPENDITURES 40,154,500 12,900,508 42%40,083,300 ---NET OPERATIONS -137,900 -756,353 2,054,700 CAPITAL SUMMARY TOTAL CAPITAL REVENUES 22,821,500 2,096,806 11%24,084,900 TOTAL CAPITAL EXPENDITURES 22,683,600 2,044,563 15%22,260,200 ---NET CAPITAL TRANSACTIONS 137,900 52,243 1,824,700 TOTAL ALL REVENUES 62,838,100 14,240,961 23%66,222,900 TOTAL ALL EXPENDITURES 62,838,100 14,945,071 24%62,343,500 NET ALL REVENUES OVER EXPENDITURES 0 -704,110 3,879,400 CITY OF REXBURG CASH & INVESTMENT FY 2019 BALANCE REPORT Page 3 BALANCE AS OF CASH & INVESTMENTS < 1 YEAR 1-5 YEARS > 5 YEARS Bank of Commerce Legacy FM 35,854 0.13%35,854 Beehive Credit Union CD 250,000 0.93%250,000 Cash On Hand 2,450 0.01%2,450 Citizens Community Bank CD 248,979 0.93%248,979 City Golf Cart CD 114,900 0.43%114,900 Idaho Central Credit Union CD 250,000 0.93%250,000 Idaho Central Credit Union Savings 25 0.00%25 Key Bank Checking (RLF)348,506 1.30%348,506 Moreton Asset Management 2,291,521 2,732,368 18.75%5,023,889 Real Estate Investments (Streets)307,085 1.15%307,085 State Diversified Bond Fund 0 5,753,843 1,929,225 28.67%7,683,068 State LGIP--City 0 5,330,506 19.89%5,330,506 State LGIP--Fire District 307,514 297,783 2.26%605,297 Wells Fargo Drug Fund Checking 14,917 0.06%14,917 Wells Fargo Fire District Banking 532,797 1.99%532,797 Zions Bank Capital Advisors 3,075,126 1,941,008 18.72%5,016,134 Zions Bank Collateralized Acct 750,408 2.80%750,408 Zions Bank General Checking 262,495 0.98%262,495 Zions Bank Payroll Checking 20,000 0.07%20,000 TOTAL 8,812,577 16,055,508 1,929,225 100%26,797,310 % OF TOTAL PORTFOLIO 32.9%59.9%7.2%100% I, Matthew K. Nielson, as Treasurer of the City of Rexburg, hereby under oath, certify to best of my knowledge, that the above accounting of expenses, revenues, and cash and investment balances is true and correct. % of Total Portfolio