City of WaverlyTo: Mayor Ackerman, Richard Crayne, & City Council Members

From: Jack Bachhuber, Director of Finance

Date: 3/21/2007

Re: February 06-07 Departmental Status Reports

The attached reports show the cash results of operations for the City of Waverly for the monthending February 28, 2007.

GENERAL

The end of February marks completion of 67% of the 06-07 fiscal year. 50% of the property taxeshave been received and this is exactly where we should be to meet budget requirements. Overallgeneral fund revenue is on track compared to budget. Most departmental revenue areas which varyfrom the nominal variance have been mentioned in previous months. Any revenue area which isabove the nominal variance is due to the timing of revenue received, the receipt of grants notbudgeted, or a conservative budget estimate i.e.: interest revenue.

Overall expenses in the general fund are within range of the nominal variance. Fuel costs are still aconcern. This is most prevalent in the ambulance department. There are no other concerns in theexpense area which haven't been addressed in previous monthly reports. Year end transfers andthe timing of capital purchases make up the bulk of explanations for departments being over thenominal variance.

ENTERPRISE FUNDS

Service, interest, and special assessment revenues are at or above the nominal variance in thesefunds. This is a good sign as we enter the last four months of the fiscal year. Except for a timingissue of a capital purchase in the sewer fund, all three enterprise funds are in line with budgetprojections on the expense side

OTHEROther reports included in this packet are the Golf Course/Pro Shop, RUT, Airport, Insurance, FundBalances, and Investments.

If there are any specific questions on these reports you may stop by or call.

City of WaverlyGeneral Fund Operations: Revenues

for the month ended Feburary 28, 2007Nominal YTD variance 67%

BudgetFY 2007

2/28/2007Actual

2/28/2006Actual

REVENUES:Property Taxes 2,832,435 1,410,163 50% 1,275,121Bank Franchise Taxes 0 0% 0Licesnse and Permits -

Alcoholic Beverages 9,500 5,395 57% 5,553Cigarettes 850 0 0% -56

Building 14,700 15,221 104% 6,383Other 0 0 10

SUB-TOTAL: 25,050 20,616 82% 11,890Intergovernmental -Cable Franchise Fee 23,500 25,748 110% 24,035

Payments in Lieu of Tax 197,302 110,028 56% 126,554County Support for Library 38,850 20,259 52% 18,657

County Support for Ambulance 11,500 0 0% 11,500State Hwy Maint Contract 4,480 4,481 100% 4,481

Federal/State Grants 0 5,127 0% 0

SUB-TOTAL: 275,632 165,643 60% 185,227Service Revenues -

Fire Protection 3,000 5,389 180% 7,500Library 42,358 22,468 53% 39,725

Parks 30,125 20,304 67% 3,680Recreation 67,840 12,180 18% 20,620

Civic Center 2,000 2,412 121% 4,020Swimming Pool 110,000 29,722 27% 35,162

Cemetery 52,300 35,487 68% 26,145Roadway Maintenance Service 194,500 150,287 77% 123,162

Vehicle Maintenance Service 1,500 616 41% 973Accounting/Billing Service 203,741 131,645 65% 109,532

SUB-TOTAL: 707,364 410,510 58% 370,519

Fines and Forfeitures 30,900 17,558 57% 21,437Interest 15,000 23,665 158% 12,730

Miscellaneous 7,100 28,768 0% 7,383Other Sources -

Transfers In (Out) - Net 79,202 -65,848 -83% -39,899Perpetual Care Interest 15,000 14,154 94% 10,595

SUB-TOTAL: 147,202 18,297 12% 12,246

TOTAL REVENUES 3,987,683 2,025,229 51% 1,855,003

City of WaverlyGeneral Fund Operations: Expenses

for the month ended Feburary 28, 2007Nominal YTD variance 67%

BudgetFY 2007

2/28/2007Actual

2/28/2006Actual

EXPENSES:Public Safety Police 1,174,056 737,165 63% 806,597

Fire 107,764 50,687 47% 90,009Ambulance 8,000 11,974 150% 8,372

Bldg. Inspections 73,338 45,724 62% 49,934SUB-TOTAL: 1,363,158 845,550 62% 954,912

Public Works Streets 255,972 155,037 61% 155,121Equipment Services 60,294 57,638 96% 62,140

PW Admin. 34,668 21,950 63% 20,499SUB-TOTAL: 350,934 234,625 67% 237,760

Culture & Recreation Library 620,447 384,316 62% 376,627Parks 256,666 189,472 74% 147,053

Recreation 176,581 82,102 46% 106,486Cemetery 148,103 78,745 53% 90,428

Civic Center 108,405 69,500 64% 63,740Swimming Pool 189,770 146,127 77% 127,816

Other 15,650 11,081 71% 4,288SUB-TOTAL: 1,515,622 961,343 63% 916,438

Comm. & Economic Dev. Other 50,968 35,671 70% 35,479SUB-TOTAL: 50,968 35,671 35,479

General Governments Administration 238,151 138,861 58% 133,950Accounting/Billing 328,632 199,445 61% 192,926

Legislative and Legal 53,218 36,015 68% 36,890Insurance 87,000 945 1% 1,398

SUB-TOTAL: 707,001 375,266 53% 365,164

TOTAL EXPENSES: 3,987,683 2,452,455 62% 2,509,753

Cash Surplus or (Deficit) : 0 (427,226) (503,671)

City of WaverlyEnterprise Fund Operations: Cash Basisfor the month ended Feburary 28, 2007

Nominal YTD variance 67%

Fiscal 2007Budget

WATER FUND

02/28/06Actual

Fiscal 2007Budget

SEWER FUND

02/28/06Actual

SOLID WASTE FUND

02/28/06Actual

02/28/07Actual

02/28/07Actual

Fiscal 2007Budget

02/28/07Actual %

Service Revenues 993,000 684,109 69% 627,606 1,368,360 921,996 67% 881,774 771,500 514,683 67% 515,295Interest Revenues 14,000 24,514 175% 15,201 27,507 33,709 123% 18,464 12,000 12,969 108% 9,072Miscellaneous Revenues 2,500 2,254 0% 2,184 2,500 4,550 182% 2,664 20,000 7,355 37% 12,308Recyclables 0 0 0% 0 0 0 0% 0 60,000 25,838 43% 42,961Special Assessments/Connections 11,500 29,620 258% 25,235 29,000 43,183 149% 49,094 0 0 0% 0Proceeds from Debt 0 0 0% 0 0 0 0% 0 0 0 0% 0Transfer In 10,000 0 0% 0 19,100 0 0% 0 74,000 0 0% 0Rents 50,000 36,028 72% 40,343 0 0 0% 0 0 0 0% 0Service/Sales 750 765 102% 391 10,000 6,391 64% 8,186 0 0 0% 0

Revenues 1,081,750 777,290 72% 710,960 1,456,467 1,009,829 69% 960,182 937,500 560,845 60% 579,636

Personal Services 245,266 163,000 66% 164,202 363,721 225,828 62% 228,196 408,495 258,139 63% 255,018Services & Commodities 376,763 242,783 64% 215,559 476,296 213,131 45% 251,896 313,710 208,634 67% 180,190Capital Expenditures 95,675 39,556 41% 48,658 61,900 91,773 148% 93,115 360,220 717 0% 43,379Transfers Reserves/Projects 71,000 10,000 14% 0 99,000 25,000 25% 0 50,000 0 0% 0Debt Service 309,349 9,233 3% 11,458 356,558 43,479 12% 48,444 0 0 0

Operating Expenditures 1,098,053 464,572 42% 439,877 1,357,475 599,211 44% 621,651 1,132,425 467,490 41% 478,587

NET INCOME: Cash Basis (16,303) 312,718 271,083 98,992 410,618 338,531 (194,925) 93,355 101,049

RESTRICTED CASH:Bond Reserve Fund 180,351 135,846 202,980 417,512 409,800 409,800 0 0Improvement Fund 0 0 0 0 300,000 0 74,000 0Equipment Reserve 0 100,000 0 250,000 0 100,000 0

UNRESTICTED CASH:Cash/Investments (47,357) 352,860 393,153 135,462 495,468 558,085 167,151 403,630 439,010

City of WaverlyRoad Use Tax Fund: Cash Basisfor the month ended Feburary 28, 2007

REVENUES:

EXPENSES:

BudgetFY 2007

Nominal YTD variance 67%

2/28/2007 2/28/2006Actual Actual

State ReceiptsProceeds from Bond SaleFederal AssistanceSale of AssetsTransfers In:Misc. Revenues

751,518000

67,00010,000

494,9870000

5,882

66%0%0%0%0%

100%

504,2790000

14,704TOTAL:

Salaries and WagesFICAIPERSGroup InsuranceWorkers CompensationWork Comp <pymt. <250Uniforms

828,518

261,70420,02014,34460,83220,000

00

500,869

157,75911,8768,556

39,668000

60%

60%59%60%65%0%0%0%

518,983

158,58811,9318,974

42,93400

355PERSONAL SERVICES:

Repair/Maint. StructuresRepair/Maint. EquipmentRepair/Maint. Equipment,E.S.AdvertisingInterdepartmental ChargesRental EquipmentConsultant & Prof FeesMiscellaneous ContractsMinor EquipmentOperating Supplies/MaterialsStreet SignsFuelStreet Maintenance Supplies

376,900

1,5006,600

29,5000

10,0006,000

010,7501,500

49,4507,500

22,83035,000

217,859

381,248

20,9340000

11,2861,0479,498

94318,03411,277

58%

3%19%71%0%0%0%0%

105%70%19%13%79%32%

222,782

2821,873

27,99900

4,8000

5,269194

23,58611,21017,0827,164

SERVICE & COMMODITIES:

Heavy Motorized EquipmentOther Capital EquipmentOffice EquipmentStreet ImprovementsCurb & Gutter WorkOther Capital ImprovementsRailroad Crossing Construction

180,630

148,00029,000

0102,500

000

74,305

06,802

075,743

04,469

16,814

41%

0%23%

0%74%0%0%

99,459

31,91731,210

081,364

3150

13,293CAPITAL EXPENDITURES:

Allocation to ProjectsTransfers to Other Funds

279,500

5,0000

103,828

00

37%

0%0%

158,099

00

TRANSFERS:

TOTAL EXPENDITURES:

NET FUND OPERATIONS:

CASH BALANCE:

5,000

842,030

0

395,992 47%

0

480,340

(13,512) 104,877 38,643

$ 121,922 $303,217 $257,808

City of WaverlyGolf Course Operations: Cash Basis

for the month ended Feburary 28, 2007Nominal YTD variance 67%

FY 2007Budget

2/28/2007Actual

2/28/2006Actual

REVENUES: Transfer from General Fund 76,298 50,864 67% 30,165Season Tickets 92,000 252 0% 2,074Daily Admission 135,000 70,985 53% 74,558Handicap Fees 3,500 60 0% 20Season Trail Fees 5,400 153 3% 68Carts 81,000 46,188 57% 44,363Concessions 45,000 11,682 26% 11,260Merchandise 21,000 23,717 113% 23,641Contributions 600 870 145% 2,800Miscellaneous 8,500 121 1% 720

TOTAL REVENUE: 468,298 204,892 44% 189,669

EXPENSES: Salaries and Wages 144,188 93,544 65% 92,034FICA 11,030 7,071 64% 6,955IPERS 8,291 5,379 65% 5,135Group Insurance 22,147 15,572 70% 17,422Workers Compensation 2,600 0 0% 0Work Comp Pymts <250 0 0 0% 41Uniforms 750 432 58% 656PERSONAL SERVICES: 189,006 121,998 65% 122,243

Dues/Memberships/Subscripts. 500 465 93% 115Training 30 30 100% 70Travel and Conference 800 505 63% 439Repair/Maint. Structures 400 499 125% 194Repair.Maint. Irrigation 2,028 2,588 128% 3,085Repair/Maint. Equipment,E.S. 2,350 794 34% 287Repair/Maint. Equipment 6,188 7,772 126% 5,197Utilities 13,258 9,273 70% 10,339Telephone 700 467 67% 453Interdepartmental Charges 7,351 5,377 73% 6,607Rental Equipment 1,850 1,752 95% 1,859Miscellaneous Contracts 1,200 750 63% 730Bld. & grds Maint/Supplies 38,399 22,570 59% 27,113Minor Equipment 952 0 0% 749Office Supplies 0 0 0% 0Operating Supplies/Materials 1,526 613 40% 1,145Fuel 9,481 9,608 101% 7,431Miscellaneous Expenses 0 1,200 0% 0SERVICES & COMMODITIES 87,013 64,263 74% 65,813

Heavy Motorized Equipment 6,093 6,093 0% 13,155Office Equipment 0 0 0% 0Projects 0 0 0% 0Other Capital Improvements 0 0 0% 0CAPITAL EXPENDITURES 6,093 6,093 13,155

Allocation to Project Account 0 0 0% 0TRANSFERS 0 0 0

Loan Payments 25,000 25,050 100% 12,541LOAN PAYMENTS 25,000 25,050 100% 12,541

TOTAL GOLF COURSE EXPENDITURES: 307,112 217,404 71% 213,752

City of WaverlyPro Shop Operations: Cash Basis

for the month ended Feburary 28, 2007Nominal YTD variance 67%

FY 2007Budget

2/28/2007Actual

% 2/28/2006Actual

EXPENSES: Salaries and Wages 50,496 26,807 53% 29,648FICA 3,863 2,051 53% 2,268IPERS 2,904 1,357 47% 1,627Workers Compensation 900 0 0% 0Uniforms & Safety 200 0 0% 0PERSONAL SERVICES: 58,363 30,215 52% 33,543

Dues/Memberships/Subscripts. 835 249 30% 374Repair/Maint. Structures 0 97 0% 0Repair/Maint. Equipment 0 783 0% 45Utilities 300 277 0% 219Telephone 1,100 824 75% 1,152Advertising 7,500 922 12% 737Interdepartmental Charges 9,188 5,392 59% 6,539Printing and Binding 850 835 98% 0Rental Equipment 20,000 21,120 106% 17,436Rents/Leases Land & Bldgs. 9,000 9,000 100% 13,500Sales Tax 0 0 0% 0License/Permits 50 0 0% 50Master Charge Processing Fees 3,600 1,640 46% 1,476Miscellaneous Contracts 2,800 341 12% 529Merchandise for Resale 35,000 8,693 25% 7,775Minor Equipment 0 67 0% 0Office Supplies 0 19 0% 80Operating Supplies/Materials 300 217 72% 148Postage 0 0 0% 0Concessions 12,000 5,576 46% 8,081Fuel 0 0 0% 0Refunds 300 0 0% 0Miscellaneous Expenses 0 0 0% 0SERVICES & COMMODITIES 102,823 56,052 58,141

Office Equipment 0 0 0% 0Other Capital Improvements 0 0 0% 0CAPITAL EQUIPMENT 0 0 0

TOTAL PRO SHOP EXPENDITURES: 161,186 86,267 54% 91,684

TOTAL GOLF & PRO SHOP EXPENDITURES: 468,298 303,671 65% 305,436

NET FUND OPERATIONS: 0 -98,779 -115,767

City of WaverlyReserve Fund: Cash Basis

for the month ended Feburary 28, 2007Nominal YTD variance 67%

FY 2007Budget

2/28/2007Actual

2/28/2006Actual

Capital Improve. Reserve 23,000 6,183 27% 6,699Cart Path Reserve 19,000 2,889 15% 2,540Loan 65,000 50,000 0% 168Private Contributions/Interest 101 27 0

Total Reserve Revenues 107,000 59,099 55% 9,407

Transfers Out-Debt Service 30,000 0 0% 0Misc Expense 80,000 63,220 0% 11,467

Total Reserve Expenditures 110,000 63,220 57% 11,467

NET RESULTS : Cash Basis 8,310 -4,121 -2,060

CASH BALANCE 18,924 948 13,548

City of WaverlyHEALTH Self Insurance Fund

for the month ended Feburary 28, 2007Nominal YTD variance 67%

Fiscal 2007Budget

7/1/2006thru

2/28/2007%

7/1/2005thru

2/28/2006

Employee Sinking Fund Contribution 36,300 26,890 74% 24,321Employer Sinking Fund Contribution 438,900 276,685 63% 380,419Premium & Admin. Revenue 197,259 143,506 73% 129,912Interest 483 0% 240Transfers from Others 0% 55,000Miscellaneous Revenue 15,972 0% -Stop Loss Revenue 30,000 99,617 0% 32,030

TOTAL: 718,431 547,181 76% 621,922

Premium & Admin. Costs 197,259 143,506 73% 129,912Insurance Claims 600,000 377,502 63% 391,764Miscellaneous Expense 5,300 5,419 102% 5,933

TOTAL: 802,559 526,427 66% 527,609

NET: Cash Basis 20,754 94,313

* Carry Forward Fund $77,502 ($4,413)Balance 6/30

Total Balance On Hand $98,256 $89,900

City of WaverlyDENTAL Self Insurance Fund

for the month ended Feburary 28, 2007Nominal YTD variance 67%

Fiscal 2007Budget

7/1/2006thru

2/28/2007%

7/1/2005thru

2/28/2006

Employee Sinking Fund Contribution 16,995 9,177 54% 6,831Employer Sinking Fund Contribution 24,099 14,064 58% 15,807Premium & Admin. Revenue 4,107 2,448 60% 2,296Miscellaneous Revenue 0 0 0% 0Stop Loss Revenue 0 0 0% 0

TOTAL: 45,201 25,689 57% 24,934

Premium & Admin. Costs 4,107 2,448 60% 2,296Insurance Claims 28,000 16,697 60% 17,098Transfer Out - 0% 32,000

TOTAL: 32,107 19,145 60% 51,394

NET: Cash Basis $ 6,544 $ (26,460)

* Carry Forward Fund $ 8,176 $ 36,463Balance 6/30

Total Balance On Hand $ 14,720 $ 10,003

City of WaverlyVISION Self Insurance Fund

for the month ended Feburary 28, 2007Nominal YTD variance 67%

Fiscal 2007Budget

7/1/2006thru

2/28/2007%

7/1/2005thru

2/28/2006

Employee Sinking Fund Contribution 4,700 3,204 68% 3,827Employer Sinking Fund Contribution 8,000 5,602 70% 4,695Premium & Admin. Revenue 1,008 440 44% 640Miscellaneous Revenues 0 0 0% 0Stop Loss Revenue 0 0 0% 0

TOTAL: 13,708 9,246 67% 9,162

Premium & Admin. Costs 1,008 440 44% 640Insurance Claims 10,924 5,847 54% 7,376Transfer Out 3,000 - 0% 3,000

TOTAL: 14,932 6,287 42% 11,016

NET: Cash Basis $ 2,959 $ (1,854)

* Carry Forward Fund $ 3,548 $ 4,692Balance 6/30

Total Balance On Hand $ 6,507 $ 2,838

City of WaverlyWaverly Municipal Airport Operations: Cash Basis

for the month ended Feburary 28, 2007Nominal YTD variance 67%

REVENUES:

FY 2006Budget

2/28/2007Actual

2/28/2006Actual

Transfer from General Fund 22,483 14,984 67% 9,736Transfer from TIF 0 0 0% 0State Grants 0 0 0% 39,200Hangar Rent 45,180 30,440 67% 25,925Misc Revenues 1,200 1,200 100% 1,200

TOTAL: 68,863 46,624 68% 76,061

EXPENSES:Uniforms and Safety 0 69 0% 30Dues/Memberships/Subscriptions 0 150 0% 0Travel & Conference 350 0 0% 348Control Bldg. Maintenance 800 3 0% 1,722Repair/Maint. Structures 0 0 0% 0Repair/Maint. Hangar 4,000 1,406 35% 0Grounds Maintenance 2,500 1,759 70% 1,591Utilities 14,000 8,740 62% 8,392Telephone 430 293 68% 276Advertising/Marketing 1,000 0 0% 1,000Liability Insurance 4,250 3,750 88% 3,750Airport Manager Contract 37,333 24,667 66% 23,333Misc. Contracts 3,700 2,392 65% 4,450Minor Equipment 0 39 0% 0Office Supplies 0 0 0% 11Miscellaneous Expense 500 202 40% 225Runway Extension Project 0 0 0% 0Airport Improvement Plan 0 0 0% 27,535Other Capital Equipment/Improvements 0 0 0% 0Other Capital Improvements 0 577 0% 35,308Transfer to Project 0 0 0% 0

TOTAL: 68,863 44,047 64% 107,971

NET: Cash Basis $0 $2,577 ($31,910)

Cash Balance 0 -33,587 -27,548

2/28/2007

FundLast

Report

City of Waverly, IowaClerk's Report - Investments

Interest Investments AmountsReceived Received Disbursed

Clerk'sBalance

InterestYear-to-Date

RestrictedEnterprise Unrestricted

Cash Cash

General -IPAIT 6C0492403 574,490.57 2,381.10 0.00 0.00 0.00 576,871.67 576,871.67 18,088.77

Fire Station Bonds -SSB C/D 20774 600,000.00 0.00 0.00 0.00 0.00 600,000.00 600,000.00 20,596.45

IPAIT C/D 0.00 0.00 0.00 0.00 0.00 0.00 0.00 12,758.47

IPAIT C/D 0.00 0.00 0.00 0.00 0.00 0.00 0.00 14,912.88

'-C/D SSB #20525 600,000.00 0.00 0.00 0.00 0.00 600,000.00 600,000.00 15,409.80

Debt Service-'-C/D SSB #20514 100,000.00 0.00 0.00 0.00 0.00 100,000.00 100,000.00 3,998.27

Perpetual CareCertificate of Deposit (1) - SSB #20776 200,000.00 0.00 0.00 0.00 0.00 200,000.00 200,000.00 2,732.05

Certificates of Deposit (1) - SSB #20761 250,000.00 4,450.68 0.00 4,450.68 0.00 250,000.00 250,000.00 8,872.60

Water Fund & Reserve0.00 0.00

IPAIT 6C0492403 399,222.08 0.00 0.00 0.00 202,980.00 196,242.08 399,222.08 10,915.50

IPAIT 6C0492858 308,420.46 0.00 0.00 0.00 0.00 308,420.46 308,420.46 8,432.37

Sewer Fund & Reserve'-C/D SSB #20514 250,000.00 0.00 0.00 0.00 110,000.00 140,000.00 250,000.00 9,788.86

Sewer - FNB #796201 480,000.00 0.00 0.00 0.00 409,800.00 70,200.00 480,000.00 20,593.51

Solid Waste Fund & P/W ReserveC/D SSB #20489 800,000.00 0.00 0.00 0.00 74,000.00 726,000.00 800,000.00 28,496.22

P/W ReserveC/D FNB #794933 375,000.00 0.00 0.00 0.00 0.00 375,000.00 375,000.00 10,200.82

Recreation Captial Improvement FundCertificate of Deposit - FNB #790063 135,944.79 0.00 0.00 0.00 0.00 135,944.79 135,944.79 4,128.41

Savings - FNB 1,906.17 1.83 0.00 0.00 0.00 1,908.00 1,908.00 13.66

Golf Course Project -CD SSB #20774 840,000.00 0.00 0.00 0.00 0.00 840,000.00 840,000.00

LibrarySavings - FNB - Reserve 14,639.90 16.52 30.00 405.18 0.00 14,281.24 14,281.24 98.33

DST -CD SSB #20575 650,000.00 8,136.77 0.00 8,136.77 0.00 650,000.00 650,000.00 17,236.15

TOTALS 6,579,623.97 14,986.90 30.00 12,992.63 796,780.00 5,784,868.24 6,581,648.24 207,273.12

TOTAL CERTIFICATES OF DEPOSIT 5,280,944.79 12,587.45 0.00 12,587.45 593,800.00 4,687,144.79 5,280,944.79 169,724.49

TOTAL IPAIT INVESTMENT 1,282,133.11 2,381.10 0.00 0.00 202,980.00 1,081,534.21 1,284,514.21 37,436.64

TOTAL SAVINGS 16,546.07 18.35 30.00 405.18 0.00 16,189.24 16,189.24 111.99

6,579,623.97 14,986.90 30.00 12,992.63 796,780.00 5,784,868.24 6,581,648.24 207,273.12

City of WaverlyClerk' ReportFor month ending 2/28/2007

FundLast

ReportOperations

Received DisbursedInvests.Received

Invests.Disbursed

Clerk'sBalance

OutstandinaChecks

Treasurer'sBalance

001 General Fund-NOW Checking -480.040.52 114,926.66 310,881.76 0.00 0.00 -675,995.62 -2,703.13 -678,698.75Payroll Checkina 0.00 123,126.30 123.126.30 0.00 0.00 0.00 0.00

005 Library Fund 51,057.73 51,072.91 50,240.77 0.00 0.00 51.889.87 51,889.87Payroll Checkina 0.00 20,737.43 20,737.43 0.00 0.00 0.00 0.00

110 Road Use Tax - NOW 147,376.13 136.885.74 107,527.58 0.00 0.00 176,734.29 176,734.29Payroll Checkina 0.00 18,541.30 18,541.30 0.00 0.00 0.00 0.00

112 Trust & Agency Fund 276,226.55 8.528.85 22,203.20 0.00 0.00 262,552.20 262.552.20Payroll Checkina 0.00 4,811.44 4,811.44 0.00 0.00 0.00 0.00

121 Local Option Tax Fund 299,637.56 68,949.21 5,200.00 0.00 0.00 363,386.77 363,386.77123 Hotel Motel Tax Revenue 175.388.49 200.02 2,269.33 0.00 0.00 173,319.18 173,319.18125 TIF 574,244.23 711.71 0.00 0.00 0.00 574,955.94 574.955.94126 TIF - Downtown 88.883.71 564.02 0.00 0.00 0.00 89,447.73 89.447.73169 Municipal Band 1.573.51 0.00 0.00 0.00 0.00 1,573.51 1,573.51170 Trees Forever 18,645.93 0.00 542.38 0.00 0.00 18.103.55 18,103.55171 Restricted Contributions 235,117.82 0.00 1,756.26 0.00 0.00 233,361.56 233,361.56172 Golf Capital Improvement 947.68 0.00 0.00 0.00 947.68 947.68173 Cemetery Reserve 18,328.96 0.00 0.00 0.00 0.00 18,328.96 18,328.96200 Debt Service - NOW Checkina -110.983.08 3,950.90 0.00 0.00 0.00 -107,032.18 -107,032.18305 10th Ave Water Loop 0.00 0.00 0.00 0.00 0.00 0.00 0.00310 12th St SW Reconstruction 9.403.01 0.00 0.00 0.00 0.00 9,403.01 9.403.01315 Fire Station Project 286,191.82 326.38 172,541.00 0.00 0.00 113,977.20 113,977.20320 Waverly Ca pital Improvements 311,231.33 23,195.94 1,071.75 0.00 0.00 333,355.52 333,355.52325 7th Ave. Reconstruction 0.00 0.00 0.00 0.00 0.00 0.00 0.00326 1st Street/SW Trail 0.00 0.00 0.00 0.00 0.00 0.00 0.00327 Wal-Mart Project -171.11 0.00 0.00 0.00 0.00 -171.11 -171.11330 9th Ave NW Reconstruction -59.992.87 0.00 2,596.67 0.00 0.00 -62.589.54 -62.589.54334 1st St NW Parkina Lot -77,523.78 0.00 145.16 0.00 0.00 -77,668.94 -77,668.94336 E. Bremer Ave. Streetscape 70,175.39 0.00 0.00 0.00 0.00 70,175.39 70,175.39337 Railroad Crossina Project 11,851.36 0.00 0.00 0.00 0.00. 11,851.36 11.851.36340 Recreation Ca p . Imo. Fund 52.923.88 6,310.36 0.00 0.00 0.00 59,234.24 59.234.24342 39th St SE Construction 11,782.90 0.00 0.00 0.00 0.00 11,782.90 11,782.90358 WPCF Repairs 2004 -1,644.19 0.00 29.56 0.00 0.00 -1,673.75 -1,673.75367 WHC/Golf Course Land 0.00 908,750.00 848.758.13 0.00 0.00 59,991.87 -8.13 59,983.74368 Pass Thru 0.00 0.00 0.00 0.00 0.00 0.00 0.00425 Housin g Rehab 12,104.19 318.00 10,783.49 0.00 0.00 1,638.70 1,638.70430 4th Ave. SW -2,706.42 0.00 567.18 0.00 0.00 -3.273.60 -3,273.60435 5th Ave SW -258.12 0.00 103.46 0.00 0.00 -361.58 -361.58437 W Bremer & 1st -8.196.17 0.00 3,956.18 0.00 0.00 -12,152.35 -52.67 -12.205.02452 W Bremer Sidewalk & 1st Intersect 26.492.74 0.00 2,144.13 0.00 0.00 24,348.61 -26.33 24,322.28453 8th Ave. & First -103,434.03 0.00 0.00 0.00 0.00 -103,434.03 -103,434.03455 Kohlman Park 4,916.00 0.00 0.00 0.00 0.00 4,916.00 4,916.00456 PW Facility 214,160.44 244.24 0.00 0.00 0.00 214,404.68 214.404.68470 Dry Run 50,178.47 0.00 0.00 0.00 0.00 50,178.47 50,178.47490 Waverly Industrial Park 85,971.98 3.083.00 709.00 0.00 0.00 88,345.98 88,345.98500 Perpetual Care 4,474.80 618.00 0.00 0.00 0.00 5,092.80 5.092,80600 Water Fund-NOW Checkina 264.512.81 90,540.33 50,787.61 0.00 0.00 304,265.53 -72.72 304.192.81

Payroll Checkina 0.00 11,078.14 11,078.14 0.00 0.00 0.00 0.00610 Sewer Fund- NOW Checking 436.268.45 104,637.14 53,780.84 0.00 0.00 487,124.75 -390.95 486,733.80

Payroll Checkina 0.00 13,162.35 13,162.35 0.00 0.00 0.00 0.00660 Airport Fund 1.945.57 5,478.00 4,847.00 0.00 0.00 2,576.57 -62.99 2.513.58670 Solid Waste Fund-NOW Checkina 127,391.90 63,990.70 48,752.39 0.00 0.00 142,630.21 -11,880.13 130,750.08

Payroll Checkina 0.00 15.438.00 15,438.00 0.00 0.00 0.00 0.00700 Cable TV 87,722.89 0.00 2,232.33 0.00 0.00 85,490.56 -100.00 85.390.56

TREASURER'S REPORT

Ending Bank Balance 3,011,448.20

Plus 0/S Deposits 0.00

Plus (Auto W/D Bank not in G/L ) 1,863.37

Minus 0/S Checks (15,911.15;

Minus (Auto Dep Bank not G/L) 0.00Other 0.0C

Wire Transfers 0.0C

Ending Balance 2,997,400.42

City of WaverlyClerk' ReportFor month ending 2/28/2007

FundLast

ReportOperations

Received DisbursedInvests.Received

Invests.Disbursed

Clerk'sBalance

OutstandinaChecks

Treasurer'sBalance

750 Golf / Pro Shoo Fund -92.979.89 6,517.00 11,067.21 0.00 0.00 -97,530.10 -97,530.10Payroll Checkina 0.00 5,181.61 5.181.61 0.00 0.00 0.00 0.00

820 Self Insurance HEALTH 189,927.14 74,581.93 166.233.46 0.00 0.00 98,275.61 98,275.61Payroll Checkina 0.00 2,875.00 2,875.00 0.00 0.00 0.00 0.00

822 Self Insurance DENTAL 14,483.09 4,353.46 4,116.90 0.00 0.00 14,719.65 14,719.65Payroll Checkina 0.00 1,004.25 1,004.25 0.00 0.00 0.00 0.00

824 Self Insurance VISION 6,107.91 1,596.14 1.197.05 0.00 0.00 6.507.00 6,507.00Payroll Checkina 0.00 532.00 532.00 0.00 0.00 0.00 0.00

950 Electric Customer Accounts 16,766.27 0.00 0.00 0.00 0.00 16,766.27 -614.10 16,152.17953 Tax and Una polied Credit -43,399.11 32,681.21 31,653.00 0.00 0.00 -42,370.90 -42,370.90

TOTALS 3,203,083.35 1,929,499.67 2,135,182.60 0.00 0.00 2,997,400.42 -15,911.15 2,981,489.272.997.400.42 2.981.489.27

FundLast

ReportOperationsReceived Disbursed

Invests.Received

Invests.Disbursed

Clerk'sBalance

OutstandinaChecks/

Treasurer'sBalance

TOTAL NOW CHECKING 3,203,083.35 1,713.011.85 1,918,694.78 0.00 0.00 2,997,400.42 -15.911.15 2,981.489.27TOTAL PAYROLL 0.00 216,487.82 216.487.82 0.00 0.00 0.00 0.00 0.00TOTAL CEBA CHECKING 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00TOTAL BOND & INT. CHK 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00TOTAL SAVINGS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

3,203,083.35 1,929,499.67 2,135,182.60 0.00 0.00 2,997,400.42 -15,911.15 2,981,489.27