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Information 03-18-2024
Information City E Memorandum TO: Mayor and City Council From: Lori Stich, Finance Manager Date: March 18, 2024 Subject: February 2024 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 February, actual revenues (excluding property taxes and transfers in) and expenditures should run about 17% 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 6% of budget estimates and consist primarily of building - related permits. ■ Charges for services are about 33% of estimates with plan check fees, first-half Otsego fire contract, and recreation fees making up the majority of collections. ■ Transfers in consist of ERMU's 4% January monthly electric revenues. The remaining transfers in will be recorded mid -year. Expenditures: ■ Total departmental expenditures are about 12% of budget and most departments are within or below budget estimates. Page 221 of 229 2024 Monthly Expenditures $25,000 $20,000 a$15,000 _ $10,000 $5,000 $0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Actual $1,07 $2,67 4 3 Budget $1,79 $3,59 $5,39 $7,19 $8,98 $10,78 $12,58 $14,38 $16,17 $17,97 $19,77 $21,5 8 5 3 0 8 5 3 0 8 6 3 1 MULTIPURPOSE FACILITY Through the end of February, revenues of $375,134 exceed expenditures of $206,007 by $169,127. The majority of February collections consist of facility rentals, hockey game admissions, recreation fees and concessions while expenditures are primarily attributable to personal services. ATTACHMENTS ■ General Fund Revenue & Expense Report ■ Multipurpose Facility — Budget to Actual ■ Enterprise Funds — Budget to Actual ■ Cash Report — All Funds Page 222 of 229 3-12-2024 04:36 PM CITY OF ELK RIVER PAGE: 1 REVENUE &. EXPENSE REPORT (UNAUDITED) AS OF: FEBRUARY 29TH, 2024 101-GENERAL FUND FINANCIAL SUMMARY 16.67% OF YEAR COMPLETED CURRENT CURRENT YEAR TO DATE o OF BUDGET PRIOR FY BUDGET PERIOD ACTUAL BUDGET BALANCE YID BALANCE REVENUE SUMMARY General Fund 21,570,600.00 547,201.64 773,820.68 3.59 20,796,779.32 526,937.89 TOTAL REVENUES 21,570,600.00 547,201.64 773,820.68 3.59 20,796,779.32 526,937.89 EXPENDITURE SUMMARY General Government City Council 213,550.00 10,474.92 33,696.75 15.78 179,853.25 20,147.93 Communications 485,300.00 34,356.26 55,560.12 11.45 429,739.88 50,907.03 Administrative Services 721,850.00 54,562.30 84,889.68 11.76 636,960.32 80,314.14 Human Resources 426,550.00 24,315.70 37,767.15 8.85 388,782.85 37,525.92 Elections 75,500.00 404.57 4,679.57 6.20 70,8.20.43 ( 86.32) Finance 800,750.00 52,346.84 106,028.78 13.24 694,721.22 109,498.07 Information Technology 731,500.00 48,314.64 85,609.33 11.70 645,890.67 102,839.90 Legal 275,000.00 18,381.78 18,381.78 6.68 256,618.22 23,313.73 Community Development 0.00 30.09 34,231.61 0.00 ( 34,231.61) 56,175.52 Planning 485,100.00 35,435.07 54,425.73 11.22 430,674.27 28,856.09 Building Maintenance 1,085,250.00 69,414.65 124,427.79 11.47 960,822.21 120,295.70 TOTAL General Government 5,300,350.00 348,036.82 639,698.29 12.07 4,660,651.71 629,787.71 Public Safety Police Administration 1,175,550.00 67,381.98 248,147.09 21.11 927,402.91 208,856.63 Patrol 3,780,150.00 350,919.97 494,421.39 13.08 3,285,728.61 487,984.59 Investigations I,430,850.00 91,727.07 136,119.27 9.51 1,294,730.73 148,317.58 Police Support Services 945,800.00 60,717.19 94,405.56 9.98 851,394.44 79,492.23 Police Reserves 16,550.00 149.99 149.99 0.91 16,400.01 1,490.00 Public safety building 229,500.00 5,949.46 13,168.09 5.74 216,331.91 8,274.69 Fire Administration 1,332,800.00 99,867.55 158,910.70 11.92 1,173,889.30 120,250.01 Fire Operations 630,450.00 42,930.40 67,263.93 10.67 563,186.07 83,844.18 Emergency Management 34,750.00 386.29 386.29 1.11 34,363.71 382.05 Building Safety 625,500.00 47,519.82 75,538.37 12.08 549,961.63 72,467.49 Code Enforcement 126,000.00 9,304.69 15,335.69 12.17 110,664.31 14,291.91 Environmental 101,700.00 6,550.49 10,172.21 10.00 91,527.79 9,867.72 TOTAL Public Safety 10,429,600.00 783,404.90 1,314,018.58 12.60 9,115,581.42 1,235,519.08 Public Works Street Maintenance 1,742,150.00 135,662.06 205,817.92 11.81 1,536,332.08 162,439.38 Snow Removal 411,150.00 39,108.83 122,105.97 29.70 289,044.03 127,512.92 Equipment Services 397,300.00 28,853.55 47,444.39 11.94 349,855.61 38,612.14 Engineering 489,150.00 36,909.87 58,189.83 11.90 430,960.17 55,794.13 TOTAL Public Works 3,039,750.00 240,534.31 433,558.11 14.26 2,606,191.89 384,358.57 Page 223 of 229 3-12-2024 04:36 PM CITY OF ELK RIVER PAGE: 2 REVENUE &. EXPENSE REPORT (UNAUDITED) AS OF: FEBRUARY 29TH, 2024 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 16.67% OF YEAR COMPLETED CURRENT CURRENT YEAR TO DATE o OF BUDGET PRIOR FY BUDGET PERIOD ACTUAL BUDGET BALANCE YID BALANCE 1,743,700.00 99,878.15 173,500.80 9.95 1,570,199.20 80,031.35 621,100.00 44,362.23 72,842.89 11.73 548,257.11 70,316.15 181,550.00 9,262.51 10,457.94 5.76 171,092.06 10,261.90 9,500.00 396.55 414.68 4.37 9,085.32 191.83 196,000.00 15,356.93 25,108.46 12.81 170,891.54 21,589.53 2,751,850.00 169,256.37 282,324.77 10.26 2,469,525.23 182,390.76 0.00 ( 11,956.81) 561.63 0.00 ( 561.63) 21,342.51 49,050.00 2,105.15 3,210.26 6.54 45,839.74 3,090.85 49,050.00 ( 9,851.66) 3,771.89 7.69 45,278.11 24,433.36 21,570,600.00 1,531,380.74 2,673,371.64 12.39 18,897,228.36 2,456,489.48 0.00 ( 984,179.10)( 1,899,550.96) 1,899,550.96 ( 1,929,551.59) Page 224 of 229 3-12-2024 04:36 PM CITY OF ELK RIVER PAGE: 3 REVENUE &. EXPENSE REPORT (UNAUDITED) AS OF: FEBRUARY 29TH, 2024 101-GENERAL FUND REVENUES General Fund 16.67% 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 14,917,700.00 0.00 ( 3,325.92) 0.02- 14,921,025.92 0.00 101-3-0000-3112 Delinquent Ad Valorem Taxes 0.00 0.00 2,573.46 0.00 ( 2,573.46) 0.00 101-3-0000-3121 Gravel Tax 225,000.00 34,469.95 34,469.95 15.3.2 190,530.05 0.00 101-3-0000-3131 Penalties/Interest 0.00 0.00 752.46 0.00 ( 752.46) 0.00 TOTAL Taxes 15,142,700.00 34,469.95 34,469.95 0.23 15,108,230.05 0.00 Licenses & Permits 101-3-0000-3211 Liquor License 82,000.00 80.00 80.00 0.10 81,920.00 40.00 101-3-0000-3212 THC License 4,000.00 0.00 400.00 10.00 3,600.00 400.00 101-3-0000-3213 Cigarette License 4,000.00 0.00 450.00 11.25 3,550.00 0.00 101-3-0000-3214 Rental License 65,000.00 1,800.00 3,700.00 5.69 61,300.00 6,080.00 101-3-0000-3216 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 0.00 395.00 15.80 2,105.00 765.00 101-3-0000-3218 Other Business License/Permit 16,000.00 1,270.00 2,440.00 15.25 13,560.00 4,270.00 101-3-0000-3229 NPDES Permit 23,000.00 0.00 175.00 0.76 22,8.25.00 0.00 101-3-0000-3.231 Building Permit 600,000.00 21,067.00 35,884.90 5.98 564,115.10 81,524.25 101-3-0000-3232 Plumbing/Heating Permit 160,000.00 5,846.15 11,768.65 7.36 148,231.35 7,570.85 101-3-0000-3233 Permit Surcharge '700.00 907.38 1,607.51 229.64 ( 907.51) 3,582.73 101-3-0000-3235 Animal License 0.00 0.00 50.00 0.00 ( 50.00) 560.00 101-3-0000-3237 Other Non-Business.Lic/Permit 25,000.00 1,646.19 1,996.19 7.98 23,003.81 1,380.00 TOTAL Licenses & Permits 1,008,200.00 32,616.72 58,947.25 5.85 949,252.75 106,172.83 Intergovernmental Rev 101-3-0000-3311 Federal Grant 0.00 0.00 0.00 0.00 0.00 308.70 101-3-0000-3322 MV Credit 6,000.00 0.00 0.00 0.00 6,000.00 0.00 101-3-0000-3323 Fire State Aid 230,000.00 0.00 0.00 0.00 230,000.00 0.00 101-3-0000-3325 Police 20 Aid 340,000.00 0.00 0.00 0.00 340,000.00 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 9,317.08 9,317.08 19.41 38,682.92 0.00 TOTAL Intergovernmental Rev 659,000.00 9,317.08 9,317.08 1.41 649,682.92 308.70 Charges for Services 101-3-0000-3412 Planning & Zoning Fees 25,000.00 1,825.00 4,325.00 17.30 20,675.00 2,062.50 101-3-0000-3413 Plan Check Fee 250,000.00 12,310.17 19,928.37 7.97 230,071.63 51,428.49 101-3-0000-3415 Special Assessment Search 500.00 0.00 0.00 0.00 500.00 30.00 101-3-0000-3417 Copies 1,500.00 24.03 250.53 16.70 1,249.47 100.74 101-3-0000-3430 Lockout Fees 3,500.00 180.00 320.00 9.14 3,180.00 580.00 101-3-0000-3431 Police Services 45,000.00 10.00 5,020.00 11.16 39,980.00 2,145.00 101-3-0000-3432 School Liaison 183,000.00 0.00 86,123.00 47.06 96,877.00 82,810.50 101-3-0000-3434 Animal Impound Fee 500.00 50.00 50.00 10.00 450.00 50.00 101-3-0000-3436 Fire Contracts 400,000.00 211,205.50 211,205.50 52.80 188,794.50 192,635.00 101-3-0000-3437 Fire Services 3,000.00 0.00 0.00 0.00 3,000.00 ( 300.00 101-3-0000-3451 Street Services 35,000.00 2,317.50 6,037.50 17.25 28,962.50 995.00 101-3-0000-3452 Engineering Services Reimb 20,000.00 0.00 0.00 0.00 20,000.00 0.00 Page 225 of 229 3-12-2024 04:36 PM CITY OF ELK RIVER PAGE: 4 REVENUE &. EXPENSE REPORT (UNAUDITED) AS OF: FEBRUARY 29TH, 2024 101-GENERAL FUND 16.67% OF YEAR COMPLETED REVENUES CURRENT BUDGET CURRENT PERIOD YEAR TO DATE ACTUAL o OF BUDGET BUDGET BALANCE PRIOR FY YID BALANCE 101-3-0000-3461 Recreation Fees 50,000.00 2,802.63 7,494.04 14.99 42,505.96 2,175.00 101-3-0000-3462 Sr Center Activities 43,000.00 2,163.12 10,071.16 23.42 32,928.84 11,045.35 101-3-0000-3463 Farmer's Market 12,000.00 4,205.00 11,830.00 98.58 170.00 18,800.00 101-3-0000-3469 Elk RiverFest 20,000.00 1,380.00 3,500.00 17.50 16,500.00 1,450.00 101-3-0000-3472 Park Use Fee 40,000.00 4,751.50 7,614.00 19.04 32,386.00 6,012.50 101-3-0000-3483 Sewer Inspection Fee 15,000.00 350.00 780.00 5.20 14,220.00 345.00 101-3-0000-3484 Contractor License Check 1,200.00 50.00 110.00 9.17 1,090.00 50.00 TOTAL Charges for Services 1,148,200.00 243,624.45 374,659.10 32.63 773,540.90 372,415.08 Fines & Forfeits 101-3-0000-3510 Court Fines 150,000.00 11,253.44 22,042.49 14.69 127,957.51 10,381.16 TOTAL Fines & Forfeits 150,000.00 11,253.44 22,042.49 14.69 127,957.51 10,381.16 Special Assessments Other Revenue 101-3-0000-3621 Interest Income 150,000.00 111,883.84 148,257.81 98.84 1,742.19 36,277.77 101-3-0000-3625 Refunds & Reimbursements 145,000.00 ( 16,342.00) 4,134.50 2.85 140,865.50 ( 1,069.57) 101-3-0000-3626 Contributions 25,000.00 0.00 0.00 0.00 25,000.00 0.00 101-3-0000-3629 Miscellaneous Revenue 10,000.00 ( 183.28) 1,431.06 14.31 8,568.94 1,703.13 TOTAL Other Revenue 330,000.00 95,358.56 153,823.37 46.61 176,176.63 36,911.33 Other Financing Sources Transfers In 101-3-0000-3921 Transfers 0.00 0.00 0.00 0.00 0.00 748.79 101-3-0000-3926 Transfer -Capital Outlay Resery 89,000.00 8,500.00 8,500.00 9.55 80,500.00 0.00 101-3-0000-3942 Transfer-WWTS 175,000.00 0.00 0.00 0.00 175,000.00 0.00 101-3-0000-3943 Transfer -Liquor 1,000,000.00 0.00 0.00 0.00 1,000,000.00 0.00 101-3-0000-3944 Transfer -Garbage 250,000.00 0.00 0.00 0.00 250,000.00 0.00 101-3-0000-3945 Transfer -Utilities 1,400,000.00 112,061.44 112,061.44 8.00 1,287,938.56 0.00 101-3-0000-3946 Transfer-Stormwater 135,000.00 0.00 0.00 0.00 135,000.00 0.00 101-3-0000-3948 Transfer-EDA 46,000.00 0.00 0.00 0.00 46,000.00 0.00 101-3-0000-3949 Transfer-HRA 37,500.00 0.00 0.00 0.00 37,500.00 0.00 TOTAL Transfers In 3,132,500.00 120,561.44 120,561.44 3.85 3,011,938.56 748.79 TOTAL General Fund 21,570,600.00 547,201.64 773,820.68 3.59 20,796,779.32 526,937.89 TOTAL REVENUE 21,570,600.00 547,201.64 773,820.68 3.59 20,796,779.32 5.26,937.89 Page 226 of 229 CITY OF ELK RIVER MULTIPURPOSE FACILITY - BUDGET TO ACTUAL MONTH ENDED FEBRUARY, 2024 Current Year to Date % of Budget Actual Budget Revenues: Ice Rental $893,500 $93,481 10.46% Admissions 45,000 71,625 159.17% Dry Floor Events/Craft Shows 7,000 0 0.00% Facility Rental 244,400 40,699 16.65% Advertising/Naming Rights/Sponsorships 178,000 14,383 8.08% Recreation fees (Skating/Hockey) 290,000 81,825 28.22% Concessions/vending 229,000 70,845 30.94% Other Revenues (interest, etc.) 9,100 2,276 25.01% Total Revenues $1,896,000 $375,134 19.79% Operating expenses: Personal services $900,650 $131,503 14.60% Supplies 159,800 58,154 36.39% Other service charges 661,300 16,349 2.47% Capital Outlay 120,400 0 0.00% Total Expenditures $1,842,150 $206,007 11.18% Revenues over/(under) expenditures $53,850 $169,127 FTCenter February 2024 $2,000,000 Budget, $1,896,000 Budget, $1,842,150 $1, 800,000 $1, 600,000 $1,400,000 $1, 200,000 $1,000,000 $800,000 $600,000 Actual $375,134 Actual $400,000 $206,007 $200,000 $0 Total Revenues Total Expenditures Page 227 of 229 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 FEBRUARY, 2024 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 $ 8,161,000 $ 1,136,630 13.93% 6,028,000 505,297 8.38% $ 2,630,000 $ 439,086 16.70% $ 2,009,800 $ 319,781 15.91% $ 630,000 $ 106,787 16.95% 2,133,000 631,333 29.60% - - - - - - 1,000 - 0.00% - 117 - - 19 - 9,000 340 3.780% 180,000 20,120 11.18% 9,158 9000 340 3.78% 2,811,000 459,206 16.34% 2,009,800 319,898 15.92% 630000 97648 15.50% 1,070,500 142,644 13.32% 863,500 105,256 12.19% 45,550 5,350 11.75% - - - 28,100 3,568 12.70% 324,600 24,763 T63% 23,400 - 0.00% 1,000 - 0.00% 355,950 39,674 11.15% 972,410 50,222 5.16% 1,773,250 144,485 8.15% 453,600 49,255 10.86% 100,000 0.00% 1,705,000 0.00% 495,000 0.00% 1,554,550 185,885 11.96% 3,865,510 180,241 4.66% 1,842,200 149,836 8.13% 949,600 49,255 5.19% 587,450 445,788 75.89% (1,054,510) 278,965 -26.45% 167,600 170,062 101.47% (319,600) 48,393 -15.14% 125,000 14,634 11.71% 125,000 38,938 31.15% 8,000 3,504 43.80% 25,000 8,212 32.85% (82,800) (42,918) 51.83% 125,000 14,634 11.71% 42,200 (3,980) -9.43% 8,000 3,504 43.80% 25,000 8,212 32.857/. 712,450 460,421 64.63% (1,012,310) 274,985 -27.16% 175,600 173,566 98.84% (294,600) 56,605 -19.21% - - - 1,000,000 870 0.09% - - - - - - 1,250,000 0.00% (175,000) 0.00% (58,000) 0.00% 175,000 0.00% (537,550) 460,421 -85.65% (187,310) 275,855-147127% 117,600 173,566 147159% (469,600) 56,605 -12.05% (91,000) - - (173,000) - - - - - - - - - - - (520,000) (520,000) - - - - - - - (628,550) 460,421 (880,310) (244,145) 117,600 173,566 (469,600) 56,605 Page 228 of 229 3-13-2024 08:47 AM CITY OF ELK RIVER PAGE: 1 POOLED CASH REPORT (FUND 999) AS OF: FEBRUARY 29TH, 2024 FUND ACCOUNT# ACCOUNT NAME CLAIM ON CASH BEGINNING BALANCE CURRENT CURRENT ACTIVITY BALANCE 002-1010 Cash - Section 125 9,785.84 ( 4,071.82) 5,714.02 101-1010 Cash - General Fund 8,064,178.39 ( 1,139,253.61) 6,924,924.78 211-1010 Cash - Library 230,991.97 ( 5,892.64) 225,099.33 219-1010 Cash.- Federal COVID Fund 1,527,641.28 ( 113,680.45) 1,413,960.83 221-1010 Cash - Multipurpose Facility ( 351,660.15) 84,846.68 ( 266,813.47) 225-1010 Cash - Park Dedication 1,504,944.75 ( 25,351.00) 1,479,593.75 228-1010 Cash - Landfill 179,325.05 ( 658.25) 178,666.80 231-1010 Cash. - Landfill Const Debris 846,349.77 0.00 846,349.77 240-1010 Cash - Micro Loan Fund 1,139,048.94 ( 569.90) 1,138,479.04 242-1010 Cash - State DEED 447,750.87 3,138.13 450,889.00 245-1010 Cash - Development Fund 1,200,299.11 0.00 1,200,299.11 290-1010 Cash. - Capital Outlay :Reserve 3,105,506.16 ( 14,0.26.26) 3,091,479.90 291-1010 Cash - Insurance Reserve ( 58,449.90)( 16,138.79)( 74,588.69) 292-1010 Cash - Govt Bldgs Reserve 4,656,085.12 2,849.37 4,658,934.49 294-1010 Cash - Drug Forfeiture 6,525.06 77.32 6,602.38 296-1010 Cash. - GRE :Reserve 835,308.74 0.00 835,308.74 301-1010 Cash - 2020A GO CIP Bonds 499,648.61 ( 466,236.25) 33,412.36 302-1010 Cash - 2021A GO CIP BONDS 327,707.35 ( 307,802.50) 19,904.85 333-1010 Cash - 2020B (2010/2012) Bonds 157,210.96 ( 348,847.50)( 191,636.54) 343-1010 Cash.- 2019A Sales Tax Bonds 7,278,287.83 319,033.17 7,597,3.21.00 401-1010 Cash - Pavement Mgmt 3,890,960.73 388,061.20 4,279,021.93 403-1010 Cash - Street Improvement 544,604.15 0.00 544,604.15 406-1010 Cash - City Wide Trunk Util 1,449,468.12 ( 89,146.00) 1,360,322.12 410-1010 Cash. - Equipment :Replacement 2,037,618.73 39,250.00 2,076,868.73 411-1010 Cash - Technology Replacement 35,195.17 7,439.48 42,634.65 420-1010 Cash - Active ER 1,495,597.38 2,785.83 1,498,383.21 421-1010 Cash - PS Building/Fire Sta 3 906,662.26 3,450.44 910,112.70 440-1010 Cash. - Park Improvement 324,917.13 ( 16,941.33) 307,975.80 462-1010 Cash - TIF 422 Downtown Redev 1,342.75 0.00 1,342.75 463-1010 Cash - TIF 423 Prof Powder 63,200.08 0.00 63,200.08 465-1010 Cash - TIF 25 Jackson Hills 18,300.30 0.00 18,300.30 466-1010 Cash. - TIF 426 Shoot Steel 14,266.64 ( 11,885.44) 2,381.20 467-1010 Cash - TIF 427 Delta Apartment 1,398.28 0.00 1,398.28 602-1010 Cash - Wastewater Treatment 10,155,912.95 ( 454,980.34) 9,700, 932 .61 603-1010 Cash - Liquor 3,816,663.45 94,167.82 3,910,831.27 605-1010 Cash.- Garbage 913,816.04 9,4.21.50 923,237.54 607-1010 Cash - Storm Water 2,141,961.62 4,755.13 2,146,716.75 801-1010 Cash - Interest. 0.00 25,331.02 25,331.02 821-1010 Cash - Developer Escrow 1,043,774.74 5,218.50 1,048,993.24 TOTAL CLAIM ON CASH 60,462,146.27 ( 2,025,656.49) 58,436,489.78 CASH IN BANK - POOLED CASH 999-1000 A/P BANK ACCOUNTS 213,560,503.32 ( 623,162.19) 212,937,341.13 999-1001 PY BANK ACCOUNT (181,480,546.61)( 1,402,494.30)(182,883,040.91) 999-1002 POOLED INVESTMENTS 28,382,189.56 0.00 28,382,189.56 SUBTOTAL CASH IN BANK - POOLED CASH 60,4.62,14.6.27 ( 2,025,656.49) 58,4.36,489.78 Page 229 of 229