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Information #1 04-17-2023
Information City E Memorandum TO: Mayor and City Council From: Lori Stich, Finance Manager Date: April 17, 2023 Subject: March 2023 Monthly Financial Report This report is designed to provide summary information regarding the overall level of revenues and expenditures in the General Fund, the Multipurpose Facility Special Revenue Fund, and the Enterprise Funds. These funds provide an important picture of the city's financial health. For the month of March, actual revenues (excluding property taxes and transfers in) and expenditures should run about 25% of the annual budget. It is natural for some of the items to vary from month -to -month, such as exceeding budget for Supplies but being below budget for Services. This is not considered serious as long as the total expenditure budget amount is not overspent. Significant variances from budget are highlighted below accompanied with a general discussion for the variance. GENERAL FUND Revenues: ■ Property taxes, our largest revenue source, are received in July and December. ■ License & permit collections are about 19% of budget estimates consisting primarily of building -related permits. ■ Charges for services are 38% of estimates with plan check fees and recreation fees making up the majority of collections in March. ■ Transfers -in consist of ERMU's 4% January and February monthly electric revenues received in March. The remaining transfers -in will be recorded mid -year. Expenditures: ■ Total departmental expenditures are about 23% of budget and most departments are within or below budget estimates. ■ The second quarter premiums for workers' comp and property/liability insurance are reflected in the departmental expenditures for March. 2023 Monthly Expenditures $25,000 $20,000 0 z $15,000 O $10,000 $5, 000 $0 Jan Feb Mar Apr May Jun � Actual $1,502 $2,819 $4,615 Budget $1,708 $3,415 $5,123 $6,830 $8,538 $10,2 Jul I Aug I Sep I Oct I Nov I Dec $11,953I$13,660I$15,3681$17,0751$18,7831$20,490I MULTIPURPOSE FACILITY Through the end of March, revenues of $459,477 exceed expenditures of $442,922 by $16,555. The majority of March collections consist of ice and facility rentals, recreation fees and concessions / vending sales while expenditures are primarily attributable to personal services and utilities. ATTACHMENTS ■ General Fund Revenue & Expense Report ■ Multipurpose Facility — Budget to Actual ■ Enterprise Funds — Budget to Actual ■ Cash Report — All Funds 4-10-2023 11:04 AM CITY OF ELK RIVER PAGE: 1 REVENUE &. EXPENSE REPORT (UNAUDITED) AS OF: MARCH 31ST, 2023 101-GENERAL FUND FINANCIAL SUMMARY 25.00o OF YEAR COMPLETED CURRENT CURRENT YEAR TO DATE o OF BUDGET PRIOR FY BUDGET PERIOD ACTUAL BUDGET BALANCE YID BALANCE REVENUE SUMMARY General Fund 20,490,000.00 435,270.45 942,690.73 4.60 19,547,309.27 888,337.40 TOTAL REVENUES 20,490,000.00 435,270.45 942,690.73 4.60 19,547,309.27 888,337.40 EXPENDITURE SUMMARY General Government City Council 203,750.00 35,173.88 55,321.81 27.15 148,428.19 44,644.14 Communications 451,550.00 47,273.85 98,180.88 21.74 353,369.12 69,048.55 Administrative Services 677,500.00 74,778.24 157,586.54 23.26 519,913.46 110,544.30 Human Resources 402,500.00 57,977.85 95,503.77 23.73 306,996.23 74,214.99 Elections 6,600.00 6,300.00 6,213.68 94.15 386.32 6,348.00 Finance 717,950.00 113,721.88 225,444.02 31.40 492,505.98 194,835.59 Information Technology 614,450.00 50,669.33 131,678.40 21.43 482,771.60 91,096.90 Legal 275,000.00 21,427.50 44,741.23 16.27 230,258.77 38,539.12 Community Development 0.00 20,137.64 76,313.16 0.00 ( 76,313.16) 73,040.73 Planning 486,250.00 27,708.93 56,565.02 11.63 429,684.98 74,515.31 Building Maintenance 1,029,550.00 116,867.86 237,163.56 23.04 792,386.44 169,317.09 TOTAL General Government 4,865,100.00 572,036.96 1,184,712.07 24.35 3,680,387.93 946,144.72 Public Safety Police Administration 1,120,850.00 172,127.90 380,984.53 33.99 739,865.47 301,870.08 Patrol 3,877,900.00 370,700.75 858,685.34 22.14 3,019,214.66 645,531.23 Investigations 1,373,150.00 142,975.89 291,293.47 21.21 1,081,856.53 242,678.91 Police Support Services 829,100.00 71,372.57 150,864.80 18.20 678,235.20 146,445.96 Police Reserves 16,250.00 0.00 1,490.00 9.17 14,760.00 1,917.30 Public safety building 201,100.00 24,994.59 33,269.28 16.54 167,830.72 41,537.65 Fire Administration 1,212,650.00 131,207.87 251,457.88 20.74 961,192.12 187,275.50 Fire Operations 596,300.00 44,605.07 128,449.25 21.54 467,850.75 127,146.28 Emergency Management 33,750.00 720.94 1,102.99 3.27 32,647.01 5,325.13 Building Safety 583,600.00 62,638.98 135,106.47 23.15 448,493.53 111,861.25 Code Enforcement 117,500.00 12,144.44 26,436.35 22.50 91,063.65 18,095.52 Environmental 99,650.00 11,814.35 21,682.07 21.76 77,967.93 10,128.48 TOTAL Public Safety 10,061,800.00 1,045,303.35 2,280,822.43 22.67 7,780,977.57 1,839,813.29 Public Works Street Maintenance 1,567,000.00 151,562.56 314,001.94 20.04 1,252,998.06 241,238.84 Snow Removal 360,000.00 74,357.83 201,870.75 56.08 158,129.25 178,843.89 Equipment Services 386,300.00 32,510.50 71,122.64 18.41 315,177.36 70,916.76 Engineering 458,200.00 54,604.28 110,398.41 24.09 347,801.59 80,577.82 TOTAL Public Works 2,771,500.00 313,035.17 697,393.74 25.16 2,074,106.26 571,577.31 4-10-2023 11:04 AM CITY OF ELK RIVER PAGE: 2 REVENUE &. EXPENSE REPORT (UNAUDITED) AS OF: MARCH 31ST, 2023 101-GENERAL FUND FINANCIAL SUMMARY Culture & Recreation Parks Department Parks & Rec Admin Recreation Programs Farmers Market Sr Citizen Programs TOTAL Culture & Recreation Economic Development Economic Development Energy City TOTAL Economic Development General TOTAL EXPENDITURES REVENUES OVER/(UNDER) EXPENDITURES 25.00o OF YEAR COMPLETED CURRENT CURRENT YEAR TO DATE o OF BUDGET PRIOR FY BUDGET PERIOD ACTUAL BUDGET BALANCE YID BALANCE 1,676,300.00 146,623.69 218,258.64 13.02 1,458,041.36 274,680.38 710,900.00 62,807.61 133,123.76 18.73 577,776.24 131,240.64 197,750.00 14,292.58 24,554.48 12.42 173,195.52 14,956.57 8,750.00 463.43 757.94 8.66 7,992.06 323.74 149,900.00 18,383.73 39,973.26 26.67 109,926.74 27,205.12 2,743,600.00 242,571.04 416,668.08 15.19 2,326,931.92 448,406.45 0.00 8,499.87 29,776.95 0.00 ( 29,776.95) 13,182.58 48,000.00 2,985.71 6,076.56 12.66 41,923.44 3,986.95 48,000.00 11,485.58 35,853.51 74.69 12,146.49 17,169.53 20,490,000.00 2,184,432.10 4,615,449.83 22.53 15,874,550.17 3,8.23,111.30 0.00 ( 1,749,161.65)( 3,672,759.10) 3,672,759.10 ( 2,934,773.90) 4-10-2023 11:04 AM CITY OF ELK RIVER PAGE: 3 REVENUE &. EXPENSE REPORT (UNAUDITED) AS OF: MARCH 31ST, 2023 101-GENERAL FUND REVENUES General Fund 25.00o OF YEAR COMPLETED CURRENT CURRENT YEAR TO DATE o OF BUDGET PRIOR FY BUDGET PERIOD ACTUAL BUDGET BALANCE YID BALANCE faxes 101-3-0000-3111 Current Ad Valorem Taxes 13,893,000.00 0.00 0.00 0.00 13,893,000.00 0.00 101-3-0000-3121 Gravel Tax 225,000.00 0.00 0.00 0.00 225,000.00 0.00 TOTAL Taxes 14,118,000.00 0.00 0.00 0.00 14,118,000.00 0.00 Licenses & Permits 101-3-0000-3211 Liquor License 82,000.00 480.00 520.00 0.63 81,480.00 9,460.00 101-3-0000-3212 THC License 4,000.00 800.00 1,200.00 30.00 2,800.00 0.00 101-3-0000-3213 Cigarette License 4,000.00 150.00 150.00 3.75 3,850.00 0.00 101-3-0000-3214 Rental License 65,000.00 14,160.00 20,240.00 31.14 44,760.00 27,415.00 101-3-0000-3216 Mining License 26,000.00 0.00 0.00 0.00 26,000.00 0.00 101-3-0000-3217 Garbage Hauler License 2,500.00 0.00 765.00 30.60 1,735.00 125.00 101-3-0000-3218 Other Business License/Permit 16,000.00 1,520.00 5,790.00 36.19 10,210.00 3,905.00 101-3-0000-3229 NPDES Permit 24,000.00 175.00 175.00 0.73 23,825.00 3,675.00 101-3-0000-3231 Building Permit 600,000.00 45,725.55 127,249.80 21.21 472,750.20 109,561.05 101-3-0000-3232 Plumbing/Heating Permit 160,000.00 24,786.92 3.2,357.77 20.2.2 127,642.23 25,288.53 101-3-0000-3.233 Permit Surcharge 800.00 48.08 3,630.81. 453.85 ( 2,830.81) 4,066.17 101-3-0000-3235 Animal License 0.00 0.00 560.00 0.00 ( 560.00) 360.00 101-3-0000-3237 Other Non -Business Lic/Permit 20,000.00 1,220.00 2,600.00 13.00 17,400.00 6,625.00 TOTAL Licenses & Permits 1,004,300.00 89,065.55 195,238.38 19.44 809,061.62 190,480.75 Intergovernmental Rev 101-3-0000-3311 Federal Grant 0.00 0.00 308.70 0.00 ( 308.70) 0.00 101-3-0000-3322 MV Credit 6,000.00 0.00 0.00 0.00 6,000.00 0.00 101-3-0000-3323 Fire State Aid 225,000.00 4,000.00 4,000.00 1.78 221,000.00 3,000.00 101-3-0000-3325 Police 20 Aid 320,000.00 0.00 0.00 0.00 320,000.00 0.00 101-3-0000-3326 Police Training Reimb 35,000.00 0.00 0.00 0.00 35,000.00 0.00 101-3-0000-3329 State Crime Prevention Grant 48,000.00 0.00 0.00 0.00 48,000.00 0.00 TOTAL Intergovernmental Rev 634,000.00 4,000.00 4,308.70 0.68 629,691.30 3,000.00 Charges for Services 101-3-0000-3412 Planning & Zoning Fees 25,000.00 3,300.00 5,362.50 21.45 19,637.50 8,202.50 101-3-0000-3413 Plan Check Fee 250,000.00 15,069.07 66,497.56 26.60 183,502.44 56,456.87 101-3-0000-3415 Special Assessment Search 500.00 0.00 30.00 6.00 470.00 150.00 101-3-0000-3417 Copies 1,500.00 180.39 281.13 18.74 1,218.87 242.09 101-3-0000-3418 Other General Govt Services 0.00 0.00 0.00 0.00 0.00 13.00 101-3-0000-3430 Lockout Fees 3,500.00 300.00 880.00 25.14 2,620.00 585.00 101-3-0000-3431 Police Services 30,000.00 9,405.00 11,550.00 38.50 18,450.00 4,630.00 101-3-0000-3432 School Liaison 175,000.00 0.00 82,810.50 47.32 92,189.50 79,245.00 101-3-0000-3434 Animal Impound Fee 500.00 250.00 300.00 60.00 200.00 275.00 101-3-0000-3436 Fire Contracts 400,000.00 0.00 192,635.00 48.16 207,365.00 208,781.61 101-3-0000-3437 Fire Services 3,000.00 0.00 ( 300.00) 10.00- 3,300.00 0.00 101-3-0000-3451 Street Services 30,000.00 1,215.00 2,210.00 7.37 27,790.00 1,955.00 101-3-0000-3452 Engineering Services Reimb 20,000.00 0.00 0.00 0.00 20,000.00 3,751.20 101-3-0000-3461 Recreation Fees 60,000.00 9,100.00 11,275.00 18.79 48,725.00 17,096.00 4-10-2023 11:04 AM CITY OF ELK RIVER PAGE: 4 REVENUE &. EXPENSE REPORT (UNAUDITED) AS OF: MARCH 31ST, 2023 101-GENERAL FUND REVENUES 101-3-0000-3462 Sr Center Activities 101-3-0000-3463 Farmer's Market 101-3-0000-3469 Elk RiverFest 101-3-0000-3472 Park Use Fee 101-3-0000-3483 Sewer Inspection Fee 101-3-0000-3484 Contractor License Check TOTAL Charges for Services 101-3-0000-3510 Court Fines 101-3-0000-3512 Ordinance Violations TOTAL Fines & Forfeits Special Assessments 101-3-0000-3610 Special Assmts-County TOTAL Special Assessments Other Revenue 101-3-0000-3621 Interest Income 101-3-0000-3625 Refunds & Reimbursements 101-3-0000-3626 Contributions 101-3-0000-3629 Miscellaneous Revenue TOTAL Other Revenue Transfers In 101-3-0000-3921 Transfers 101-3-0000-3926 Transfer -Capital Outlay Resery 101-3-0000-3942 Transfer-WWTS 101-3-0000-3943 Transfer -Liquor 101-3-0000-3944 Transfer -Garbage 101-3-0000-3945 Transfer -Utilities 101-3-0000-3946 Transfer-Stormwater 101-3-0000-3948 Transfer-EDA 101-3-0000-3949 Transfer-HRA TOTAL Transfers In TOTAL General Fund 25.00o OF YEAR COMPLETED CURRENT CURRENT YEAR TO DATE o OF BUDGET PRIOR FY BUDGET PERIOD ACTUAL BUDGET BALANCE YID BALANCE 37,000.00 5,023.57 16,068.92 43.43 20,931.08 11,446.00 20,000.00 960.00 19,760.00 98.80 240.00 14,480.00 20,000.00 50.00 1,500.00 7.50 18,500.00 7,400.00 35,000.00 6,136.04 12,148.54 34.71 22,851.46 1,198.32 15,000.00 300.00 645.00 4.30 14,355.00 1,755.00 1,200.00 40.00 90.00 7.50 11110.00 195.00 1,127,200.00 51,329.07 423,744.15 37.59 703,455.85 417,857.59 130,000.00 12,993.87 23,375.03 17.98 106,624.97 22,186.45 0.00 1,600.00 1,600.00 0.00 ( 1,600.00) 1,000.00 130,000.00 14,593.87 24,975.03 19.21 105,024.97 23,186.45 0.00 0.00 ( 190.33) 0.00 190.33 0.00 0.00 0.00 ( 190.33) 0.00 190.33 0.00 120,000.00 0.00 16,895.86 14.08 103,104.14 28,181.75 125,000.00 0.00 ( 944.67) 0.76- 125,944.67 0.00 20,000.00 39,760.00 39,760.00 198.80 ( 19,760.00) 25,150.00 10,000.00 774.75 2,407.71 24.08 7,592.29 2,142.81 275,000.00 40,534.75 58,118.90 21.13 216,881.10 55,474.56 300,000.00 0.00 748.69 0.25 299,251.31 1,656.17 78,500.00 0.00 0.00 0.00 78,500.00 0.00 170,000.00 0.00 0.00 0.00 170,000.00 0.00 1,000,000.00 0.00 0.00 0.00 1,000,000.00 0.00 56,500.00 0.00 0.00 0.00 56,500.00 0.00 1,380,000.00 235,747.21 235,747.21 17.08 1,144,252.79 196,681.88 135,000.00 0.00 0.00 0.00 135,000.00 0.00 45,000.00 0.00 0.00 0.00 45,000.00 0.00 36,500.00 0.00 0.00 0.00 36,500.00 0.00 3,201,500.00 235,747.21 236,495.90 7.39 2,965,004.10 198,338.05 20,490,000.00 435,270.45 942,690.73 4.60 19,547,309.27 888,337.40 TOTAL REVENUE 20,4.90,000.00 435,270.45 942,690.73 4.60 19,547,309.27 888,337.40 CITY OF ELK RIVER MULTIPURPOSE FACILITY - BUDGET TO ACTUAL MONTH ENDED MARCH, 2023 Current Year to Date % of Budget Actual Budget Revenues: Ice Rental $830,000 $202,187 24.36% Admissions 40,000 18,527 46.32% Dry Floor Events/Craft Shows 5,000 2,765 55.30% Facility Rental 238,100 49,430 20.76% Advertising/Naming Rights/Sponsorships 168,000 300 0.18% Recreation fees (Skating/Hockey) 175,000 112,292 64.17% Concessions/vending 110,000 71,189 64.72% Other Revenues (interest, etc.) 13,900 2,787 20.05% Use of Fund Balance 100,350 0 0.00% Total Revenues $1,680,350 $459,477 27.34% Operating expenses: Personal services $917,800 $269,166 29.33% Supplies 102,850 58,807 57.18% Other service charges 457,700 114,949 25.11% Capital Outlay 202,000 0 0.00% Total Expenditures $1,680,350 $442,922 26.36% Revenues over/(under) expenditures $0 $16,555 FTCenter March 2023 $1,800,000 Budget, $1,680,350 Budget, $1,680,350 $1, 600,000 $1,400,000 $1, 200,000 $1,000,000 $800,000 Actual Actual $600,000 $459,477 $442,922 $400,000 $200,000 $0 Total Revenues Total Expenditures Sales and cost of sales: Sales Cost of sales Gross profit Operating revenues: User charges Delinquency collections Other Total operating revenues Operating expenses: Personal services Supplies Other service charges Depreciation * Total operating expenses Operating income (loss) Nonoperating revenues (expenses): Interest income Interest expense/agent fees Total nonoperating revenues (expenses) Income (loss) before contributions & transfers Contributions - connection fees Transfers out NET INCOME (LOSS) Items reclassified to balance sheet at year end: Bond Proceeds Capital Outlay Bond Payment (Payoff 2014B Refunded Debt) Revenues over/(under) expenditures * Recorded at year-end CITY OF ELK RIVER ENTERPRISE FUNDS - BUDGET TO ACTUAL MONTH ENDED MARCH, 2023 Liquor Sewer Garbage Stormwater Current Year to Date % of Current Year to Date % of Current Year to Date % of Current Year to Date % of Budget Actual Budget Budget Actual Budget Budget Actual Budget Budget Actual Budget $ 6,816,250 $ 1,837,929 26.96% 4,937,100 1,041,859 21.10% $ 2,520,000 $ 418,388 16.60% $ 1,925,000 $ 315,876 16.41% $ 620,000 $ 104,146 16.80% 1,879,150 796,070 42.36% - - - - - - 1,000 39 3.92% - 87 - - 69 - 9,000 2,563 28.48% 170,000 23,025 13.54% 9,000 2,563 28.480/o 2,691,000 441,452 16.40% 1,925,000 315,963 16.41% 620,000 104,215 16.81% 1,039,500 264,086 25.41% 815,000 192,611 23.63% 45,450 10,128 22.28% - - - 26,600 5,758 21.65% 333,850 66,175 19.82% 23,400 - 0.00% 1,000 344 34.40% 356,650 65,124 18.26% 886,500 148,041 16.70% 1,705,450 264,935 15.53% 146,550 66,519 45.39% 99,000 0.00% 1,645,000 0.00% 475,000 0.00% 1,521,750 334,968 22.01% 3,680,350 406,827 11.05% 1,774,300 275,063 15.50% 622,550 66,863 10.74% 366,400 463,665 126.55% (989,350) 34,625 3.50% 150,700 40,900 27.14% (2,550) 37,352 -1464.78% 100,000 8,380 8.38% 100,000 17,063 17.06% 7,500 1,336 17.81 % 20,000 3,322 16.61 % (88,050) (8,003) 9.09% 100,000 8,380 8.38% 11,950 9,061 75.82% 7,500 1,336 17.81% 20,000 3,322 16.61% 466,400 472,045 101.21% (977,400) 43,685 -4.47% 158,200 42,236 26.70% 17,450 40,674 233.09% - - - 1,000,000 353,615 35.36% - - - - - - 1,000,000 0.00% (170,000) 0.00% (56,500) 0.00% 135,000 0.00% 533,600 472,045 -88.46% (147,400) 397,300 -269.54% 101,700 42,236 41.53% 117,550 40,674 -34.60% (80,000) (31,250) (266,000) (45,000) - - - (250,000) - - (520,000) (520,000) - - - (613,600) 440,795 (933,400) (167,700) 101,700 42,236 (367,550) 40,674 4-10-2023 12:13 PM CITY OF ELK RIVER PAGE: 1 POOLED CASH REPORT (FUND 999) AS OF: MARCH 31ST, 2023 FUND ACCOUNT# ACCOUNT NAME CLAIM ON CASH BEGINNING BALANCE CURRENT CURRENT ACTIVITY BALANCE 002-1010 Cash - Section 125 ( 55.86) 1,485.92 1,430.06 101-1010 Cash - General Fund 6,489,996.15 ( 1,425,423.91) 5,064,572.24 211-1010 Cash - Library 232,897.23 18,163.92 251,061.15 219-1010 Cash. - Federal COVID Fund 2,153,044.51 8,568.39 2,161,612.90 221-1010 Cash - Multipurpose Facility 324,943.24 ( 143,177.34) 181,765.90 225-1010 Cash - Park Dedication 1,815,271.09 ( 9,096.70) 1,806,174.39 228-1010 Cash - Landfill 181,785.43 ( 173.81) 181,611.62 231-1010 Cash. - Landfill Const Debris 825,431.27 0.00 825,431.27 240-1010 Cash - Micro Loan Fund 974,231.45 2,046.10 976,277.55 242-1010 Cash - State DEED 402,565.07 3,633.60 406,198.67 245-1010 Cash - Development Fund 995,197.86 ( 166.50) 995,031.36 290-1010 Cash.- Capital Outlay :Reserve 1,823,848.83 ( 22,896.36) 1,800,952.47 291-1010 Cash - Insurance Reserve 49,649.83 ( 35,529.17) 14,120.66 292-1010 Cash - Govt Bldgs Reserve 4,573,801.90 133,008.17 4,706,810.07 294-1010 Cash - Drug Forfeiture 43,643.92 ( 3,482.46) 40,161.46 295-1010 Cash. - Severance Pay Reserve ( 8,396.40) 0.00 ( 8,396.40) 296-1010 Cash - GRE Reserve 814,663.10 0.00 814,663.10 301-1010 Cash - 2020A GO CIP Bonds ( 451,217.13) 0.00 ( 451,217.13) 302-1010 Cash - 2021A GO CIP BONDS ( 302,579.06) 0.00 ( 302,579.06) 333-1010 Cash. - 20.20B (2010/2012) Bonds 208,134.78 0.00 208,134.78 343-1010 Cash - 2019A Sales Tax Bonds 5,486,228.57 254,757.56 5,740,986.13 401-1010 Cash - Pavement Mgmt. 7,638,331.70 ( 425,205.64) 7,213,126.06 403-1010 Cash - Street Improvement 546,468.50 ( 2,278.75) 544,189.75 406-1010 Cash.- City Wide Trunk Util 2,702,816.99 16,080.96 2,718,897.95 410-1010 Cash - Equipment Replacement 1,943,195.96 ( 110,855.53) 1,832,340.43 420-1010 Cash - Active ER 1,202,937.12 2,599.97 1,205,537.09 421-1010 Cash - PS Building/Fire Sta 3 1,205,519.87 4,417.55 1,209,937.42 440-1010 Cash. - Park Improvement 187,573.24 ( 31,267.21) 156,306.03 463-1010 Cash - TIF 423 Prof Powder 7,728.12 0.00 7,728.12 465-1010 Cash - TIF 25 Jackson Hills 10,918.37 0.00 10,918.37 602-1010 Cash - Wastewater Treatment 8,925,346.37 190,738.45 9,116,084.82 603-1010 Cash. - Liquor 4,569,693.27 39,072.35 4,608,765.62 605-1010 Cash - Garbage 747,208.38 22,655.71 769,864.09 607-1010 Cash - Storm Water 1,751,409.03 93,695.23 1,845,104.26 801-1010 Cash - Interest 22,256.86 81,583.89 103,840.75 821-1010 Cash.- Developer Escrow 708,031.58 4,410.75 712,442.33 TOTAL CLAIM ON CASH 58,802,521.14 ( 1,332,634.86) 57,469,886.28 CASH IN BANK - POOLED CASH 999-1000 A/P BANK ACCOUNTS 195,422,295.75 627,633.76 196,049,929.51 999-1001 PY BANK ACCOUNT (164,986,530.85)( 1,952,551.96)(166,939,082.81) 999-1002 POOLED INVESTMENTS 28,382,189.56 0.00 28,382,189.56 SUBTOTAL CASH IN BANK - POOLED CASH 58,817,954.46 ( 1,324,918.20) 57,493,036.26