Financial Update2/29/2020

Note: Projections shown are based on past performance. 2020 CY projections as of Feb do not include the impact of COVID-19.

General Fund: Financial Statement w/ Projections

2

Updated as of 3/20/20

Fund: 100 - General Fund 2020 2019 2019 2020

YTD Actual YTD Actual YTD Difference Actual (Prelim) Budget

Month 2 2 2 (as of 3/20/20) (Original)

Revenues:

Property Taxes 5,631,325.52 5,343,170.03 288,155.49 9,707,787.96 10,389,745.15 54.2% (4,758,419.63) 55.0% 10,231,325.93 (158,419.22) 55.8% 10,084,663.15 (305,082.00)

Motor Vehicle Tax 211,268.00 191,399.78 19,868.22 1,073,264.27 1,189,790.00 17.8% (978,522.00) 17.8% 1,184,674.28 (5,115.72) 18.0% 1,176,098.25 (13,691.75)

Sales and Use Tax 2,417,927.58 2,332,687.07 85,240.51 13,418,742.47 13,119,089.74 18.4% (10,701,162.16) 17.4% 13,893,425.53 774,335.79 17.8% 13,533,675.64 414,585.90

Franchise Fees Rev 946,951.94 706,564.62 240,387.32 6,286,492.38 7,003,250.00 13.5% (6,056,298.06) 15.0% 6,320,363.56 (682,886.44) 15.2% 6,232,051.13 (771,198.87)

Other Taxes - - - 227,304.46 197,740.00 0.0% (197,740.00) Budget 197,740.00 - Budget 197,740.00 -

Grants 84,195.62 72,180.91 12,014.71 135,562.44 198,700.00 42.4% (114,504.38) Budget 198,700.00 - Budget 198,700.00 -

Investment Income 36,498.28 99,998.81 (63,500.53) 608,872.36 140,000.00 26.1% (103,501.72) PY Actual 608,872.36 468,872.36 PY Actual 608,872.36 468,872.36

EMS 796,705.12 635,797.30 160,907.82 3,317,616.67 3,490,320.00 22.8% (2,693,614.88) 19.2% 4,157,240.35 666,920.35 18.7% 4,270,467.00 780,147.00

Municipal Court 194,958.43 157,979.10 36,979.33 1,145,536.08 1,240,907.55 15.7% (1,045,949.12) 13.8% 1,413,680.14 172,772.59 15.1% 1,287,513.27 46,605.72

Fees and Charges 174,592.66 203,871.00 (29,278.34) 1,566,229.72 1,646,682.35 10.6% (1,472,089.69) 13.0% 1,341,300.20 (305,382.15) 13.7% 1,278,522.23 (368,160.12)

Licenses and Permits 65,982.03 113,145.41 (47,163.38) 723,180.28 513,333.78 12.9% (447,351.75) 15.6% 421,730.79 (91,602.99) 13.6% 484,653.04 (28,680.74)

Interfund Transfers Rev - - - 5,249,500.00 4,366,550.00 0.0% (4,366,550.00) Budget 4,366,550.00 - Budget 4,366,550.00 -

Other Revenues 127,996.60 104,672.54 23,324.06 493,757.14 510,146.00 25.1% (382,149.40) 21.2% 603,780.47 93,634.47 19.4% 659,486.42 149,340.42

Total Revenues: 10,688,401.78 9,961,466.57 726,935.21 43,953,846.23 44,006,254.57 24.3% (33,317,852.79) 22.7% 44,939,383.59 933,129.02 44,378,992.51 372,737.94

Expenditures:

Personnel Services 4,091,330.06 4,006,762.10 84,567.96 26,799,597.99 27,902,355.49 14.7% (23,811,025.43) 14.95% 27,365,238.59 (537,116.90) 14.87% 27,506,594.84 (395,760.65)

Employee Benefits - Health & WC 616,680.00 629,784.00 (13,104.00) 3,331,449.00 4,259,286.23 14.5% (3,642,606.23) See below calc 4,032,306.16 (226,980.07) See below calc 4,032,306.16 (226,980.07)

Commodities 231,603.06 199,518.93 32,084.13 2,007,223.28 2,193,276.18 10.6% (1,961,673.12) Budget 2,193,276.18 - Budget 2,193,276.18 -

Contractual Services 892,552.13 945,891.60 (53,339.47) 7,744,092.11 7,679,500.32 11.6% (6,786,948.19) Budget 7,679,500.32 - Budget 7,679,500.32 -

Capital Outlay 25,481.21 65,534.29 (40,053.08) 675,537.54 920,775.00 2.8% (895,293.79) Budget 920,775.00 - Budget 920,775.00 -

Interfund Transfers Exp 2,040.85 1,264.54 776.31 924,787.09 926,650.00 0.2% (924,609.15) Budget 926,650.00 - Budget 926,650.00 -

Other Expenses 540.04 59.80 480.24 5,631.99 3,100.00 17.4% (2,559.96) Budget 3,100.00 - Budget 3,100.00 -

Contingency (70.37) 533.59 (603.96) 51,289.64 75,000.00 -0.1% (75,070.37) Budget 75,000.00 - Budget 75,000.00 -

Total Expenditures: 5,860,156.98 5,849,348.85 10,808.13 41,539,608.64 43,959,943.22 13.3% (38,099,786.24) 43,195,846.26 (764,096.96) 43,337,202.50 (622,740.72)

Net Income (Loss): 4,828,244.80 4,112,117.72 716,127.08 2,414,237.59 46,311.35 1,743,537.34 1,697,225.99 1,041,790.00 995,478.65

Total per 'Data Copy' tab: 4,828,244.80 4,112,117.72 716,127.08 2,414,237.59 46,311.32

Difference (0.00) 0.00 (0.00) 0.00 0.03

Manual changes - -

Check Figure (0.00) (0.00)

Beginning Fund Balance: 7,029,963.74 4,615,726.15 7,029,963.74 7,029,963.74 7,029,963.74

Net Income (Loss): 4,828,244.80 2,414,237.59 46,311.35 1,743,537.34 1,041,790.00

Ending Fund Balance: 11,858,208.54 7,029,963.74 7,076,275.09 8,773,501.08 8,071,753.74

% of 2020 Budg

(2020 YTD/2020)

2020 YTD Actual -

2020 Budg

Avg 3 yr %

collected to

date

Proj #2: 2020

YTD/3 yr avg %

Projection #1 Projection #2

Proj #2 less

2020 Revised

Budget

Proj #1: 2020

YTD/% of 2019

Proj #1 less

2020 Budget

% of 2019

Actual (2019

YTD/2019)

Employee Benefits - Health & WC 2020 YE Projection

Actual Exp Jan 308,123.00

Actual Exp Feb 308,557.00

Est Exp Mar-Dec 3,134,498.33 Fund 100 Avg CY2019

Budgeted Work Comp Transfer 281,127.83 Fund 100

Total projected EE Bfts & WC 4,032,306.16 Used for projection #1 and #2

Note: Projections shown are based on past performance. 2020 CY projections as of Feb do not include the impact of COVID-19.

General Fund: Property Tax Revenue

3

Property Tax Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2020 YTD 5,635,827.43 5,631,325.52

2020 Revised Budget

Proj 1 5,631,325.52 5,940,911.80 5,940,911.80 9,751,114.06 9,751,114.06 9,751,114.06 9,751,114.06 10,226,930.27 10,231,325.93 10,231,325.93 10,231,325.93

Proj 2 5,631,325.52 5,870,057.70 5,870,057.70 9,542,513.26 9,542,513.26 9,542,513.26 9,542,513.26 10,049,751.82 10,082,650.90 10,082,650.90 10,084,663.15

2020 Original Budget 5,801,684.81 5,801,684.81 6,047,639.13 6,047,639.13 9,831,194.09 9,831,194.09 9,831,194.09 9,831,194.09 10,353,777.67 10,387,672.02 10,387,672.02 10,389,745.15

Note: Projections shown are based on past performance. 2020 CY projections as of Feb do not include the impact of COVID-19.

General Fund: Motor Vehicle Revenue

4

Motor Vehicle Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2020 YTD 211,268.00 211,268.00

2020 Revised Budget

Proj 1 211,268.00 326,210.28 326,210.28 600,666.15 600,666.15 600,666.15 600,666.15 1,035,074.49 1,184,674.28 1,184,674.28 1,184,674.28

Proj 2 211,268.00 326,729.63 326,729.63 599,821.70 599,821.70 599,821.70 599,821.70 1,029,462.95 1,176,098.25 1,176,098.25 1,176,098.25

2020 Original Budget 213,727.51 213,727.51 330,533.31 330,533.31 606,804.62 606,804.62 606,804.62 606,804.62 1,041,447.62 1,189,790.00 1,189,790.00 1,189,790.00

Note: Projections shown are based on past performance. 2020 CY projections as of Feb do not include the impact of COVID-19.

General Fund: Franchise Fee Revenue

5

Franchise Fee Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2020 YTD 404,680.18 946,951.94

2020 Revised Budget

Proj 1 946,951.94 1,369,688.01 1,741,641.90 2,068,923.81 2,530,026.12 2,935,108.16 3,538,889.82 4,053,399.70 4,454,556.70 4,865,938.41 6,320,363.56

Proj 2 946,951.94 1,346,773.65 1,690,062.39 2,098,978.95 2,461,705.05 2,851,137.49 3,448,952.04 3,911,233.93 4,310,395.03 4,745,821.98 6,232,051.13

2020 Original Budget 412,638.66 1,064,134.59 1,513,433.12 1,899,202.88 2,358,721.72 2,766,334.16 3,203,957.76 3,875,750.19 4,395,238.17 4,843,794.35 5,333,104.16 7,003,250.00

Note: Projections shown are based on past performance. 2020 CY projections as of Feb do not include the impact of COVID-19.

General Fund: EMS Revenue

6

EMS Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2020 YTD 390,189.12 796,705.12

2020 Revised Budget

Proj 1 796,705.12 1,038,815.69 1,729,985.39 1,951,249.56 2,304,946.36 2,768,439.86 2,925,971.10 3,154,623.83 3,612,297.86 3,875,595.47 4,157,240.35

Proj 2 796,705.12 1,164,598.26 1,640,098.17 1,910,247.58 2,327,143.93 2,783,735.16 3,010,998.68 3,386,920.84 3,693,309.02 3,965,301.05 4,270,467.00

2020 Original Budget 357,491.06 651,159.65 951,844.52 1,340,478.09 1,561,275.46 1,902,011.42 2,275,190.63 2,460,936.68 2,768,183.80 3,018,599.68 3,240,903.05 3,490,320.00

Note: Projections shown are based on past performance. 2020 CY projections as of Feb do not include the impact of COVID-19.

General Fund: Municipal Court Revenue

7

Municipal Court Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2020 YTD 102,991.35 194,958.43

2020 Revised Budget

Proj 1 194,958.43 345,309.79 474,441.24 591,042.01 698,218.06 829,555.39 946,097.10 1,058,374.93 1,194,800.31 1,307,046.83 1,413,680.14

Proj 2 194,958.43 345,300.79 445,000.84 554,677.43 652,937.95 763,634.81 883,713.58 981,343.04 1,098,566.28 1,202,768.92 1,287,513.27

2020 Original Budget 100,577.58 187,901.28 332,801.51 428,892.59 534,599.08 629,302.74 735,992.57 851,724.70 945,820.14 1,058,800.11 1,159,230.80 1,240,907.55

Note: Projections shown are based on past performance. 2020 CY projections as of Feb do not include the impact of COVID-19.

General Fund: Sales & Use Tax Revenue

8

Sales & Use Tax Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2020 YTD 1,115,834.34 2,417,927.58

2020 Revised Budget

Proj 1 2,417,927.58 3,424,950.26 4,399,416.27 5,585,349.25 6,660,843.98 7,889,157.54 9,010,560.77 10,352,676.77 11,518,450.17 12,719,296.69 13,893,425.52

Proj 2 2,417,927.58 3,419,597.30 4,456,366.48 5,619,157.13 6,698,046.34 7,858,137.61 9,002,174.06 10,181,157.58 11,334,900.05 12,452,481.67 13,533,675.65

2020 Original Budget 1,075,175.36 2,341,148.39 3,314,842.55 4,319,851.70 5,447,021.83 6,492,860.72 7,617,414.15 8,726,404.59 9,869,271.54 10,987,670.66 12,071,016.69 13,119,089.74

Note: Projections shown are based on past performance. 2020 CY projections as of Feb do not include the impact of COVID-19.

Sales Tax – CityGross Sales $ Comparison

9

*City portion only. City sales tax received converted to gross sales $ for comparison purposes.

Sales Tax – CitySales Tax Rec’d Comparison

10

*City portion only. City portion of sales tax received, to be allocated.

Sales Tax – CitySales Tax Rec’d by Industry Month and YTD

11

1/31/2020 1/31/2019

2/29/2020 2/28/2019 2/29/2020 2/28/2019

Industry # Industry Title Total Paid Curr Mth

Total Paid Same

Mth PY Mth $ Diff Mth % Diff Current YTD Prior YTD YTD $ Diff

YTD %

Diff

45 Retail Trade 301,102.46 320,086.50 (18,984.04) -5.93% 558,980.66 588,263.94 (29,283.28) -4.98%

72 Accommodation and Food Services 125,281.63 125,909.28 (627.65) -0.50% 253,704.98 257,607.76 (3,902.78) -1.52%

32 Manufacturing 6,276.59 8,341.14 (2,064.55) -24.75% 15,513.67 17,280.79 (1,767.12) -10.23%

56 Admin and Support and Waste Mgmt and Remediation Svcs 4,149.14 5,481.18 (1,332.04) -24.30% 8,766.00 10,180.37 (1,414.37) -13.89%

31 Manufacturing 2,900.30 2,956.84 (56.54) -1.91% 3,945.07 4,915.70 (970.63) -19.75%

62 Health Care and Social Assistance 819.98 1,493.43 (673.45) -45.09% 2,190.27 2,731.83 (541.56) -19.82%

81 Other Services (except Public Administration) 30,167.65 26,700.43 3,467.22 12.99% 52,930.32 53,408.61 (478.29) -0.90%

61 Educational Services 1,365.54 1,420.21 (54.67) -3.85% 2,664.33 3,012.06 (347.73) -11.54%

49 Transportation and Warehousing 183.59 260.95 (77.36) -29.65% 340.53 540.66 (200.13) -37.02%

48 Transportation and Warehousing 5,069.85 4,485.10 584.75 13.04% 9,497.37 9,683.11 (185.74) -1.92%

52 Finance and Insurance 731.88 807.90 (76.02) -9.41% 1,547.38 1,541.38 6.00 0.39%

54 Professional, Scientific, and Technical Services 5,213.62 5,122.99 90.63 1.77% 9,583.45 9,538.56 44.89 0.47%

21 Mining, Quarrying, and Oil and Gas Extraction 322.47 162.71 159.76 98.19% 357.78 288.60 69.18 23.97%

55 Management of Companies and Enterprises 107.53 20.37 87.16 427.88% 199.10 46.27 152.83 330.30%

99 Uncategorized 149.29 44.13 105.16 238.30% 359.74 181.80 177.94 97.88%

11 Agriculture, Forestry, Fishing and Hunting 176.23 122.55 53.68 43.80% 535.44 234.91 300.53 127.93%

92 Public Administration 4,897.70 3,975.23 922.47 23.21% 10,439.15 9,212.53 1,226.62 13.31%

33 Manufacturing 8,460.19 6,862.85 1,597.34 23.28% 13,794.00 11,965.34 1,828.66 15.28%

53 Real Estate and Rental and Leasing 12,371.07 12,817.43 (446.36) -3.48% 25,650.25 22,838.97 2,811.28 12.31%

51 Information 63,076.22 50,785.40 12,290.82 24.20% 104,388.69 100,494.05 3,894.64 3.88%

23 Construction 28,433.72 19,677.09 8,756.63 44.50% 57,966.93 53,434.22 4,532.71 8.48%

71 Arts, Entertainment, and Recreation 18,621.57 11,119.80 7,501.77 67.46% 26,885.00 21,368.83 5,516.17 25.81%

42 Wholesale Trade 50,261.97 35,332.99 14,928.98 42.25% 95,543.03 77,645.61 17,897.42 23.05%

22 Utilities 66,633.08 46,133.71 20,499.37 44.43% 118,745.10 98,268.82 20,476.28 20.84%

44 Retail Trade 576,175.88 557,321.06 18,854.82 3.38% 1,062,698.55 1,020,682.20 42,016.35 4.12%

City Sales Tax per above 1,312,949.15 1,247,441.27 65,507.88 5.25% 2,437,226.79 2,375,366.92 61,859.87 2.60%

City Sales Tax per distrib notice 1,312,949.15 1,247,441.27 65,507.88 2,437,226.79 2,375,366.92 61,859.87

Check Figure - (0.00) 0.00 (0.00) (0.00) (0.00)

Sales Tax – CityTop Industry Contributors to Sales Tax Receipts

12

Sales Tax – CityYTD Sales $ History - Top 85% of Industries

13

Sales Tax – CityYTD Sales Tax Rec’d History - Top 85% of Industries

14

* City sales tax rate increased in October 2016 from .90% to 1.25%. Combined sales tax rate as of October 2016 is 8.75% (6.50% State, 1.00% County, 1.25% City).

Sales Tax – CityRetail by Sub-Industry – Sales $

15

Sales Tax – CityAccommodation & Food Svc by Sub-Industry – Sales $

16

* City sales tax only, does not include Transient Guest Tax.

Sales Tax – CityUtilities by Sub-Industry – Sales $

17

Sales Tax – CityInfo by Sub-Industry – Sales $

18