07 - JANUARY 2016 FINANCIAL REPORT

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16. Total Water & Sewer revenues are 3.44% above last year and equal 34.09% of budget which is above the 33.33% budget to date percentage. This increase is not clearly reflected in this report because it is being offset by transfers out to the general fund. 17. Total Water & Sewer expenses are 7.38% above last year at this point in time and represent 22.79% of the total budget (36.21% adjusted for debt payments) while the City is 33.33% through the budget year. Departmental Expenditure Summary: At this point the City is four months or 33.33% through the budget year. It is important to remember that expenditures do not occur equally throughout the year. For example, capital expenditures and association memberships are one time expenditures that if made early in the fiscal year can produce a distorted expenditure percentage. Within the General and Water & Sewer Funds there are sixteen departments whose expenditures are over 33.33% at this time. 1. City Council- 49.41 %. The overage amounts to $12,175 and is due to payment of annual association memberships, building maintenance, and making the annual property and general liability insurance payment. The City chose to make one annual insurance payment instead of quarterly payments in order to take advantage of a 2.00% discount which amounted to $12,113 city wide. This annual payment will be reflected in all departments and will somewhat distort budget to actual comparisons. 2. City Manager - 33.36 %. The overage amounts to only $119 and is not a material amount. 3. City Attorney - 48.65 %. The overage amounts to $67,261 and is primarily due to payment of benefits due the former city attorney. 4. Municipal Court - 33.42 %. The overage amounts to only $225 and is not a material amount. 5. Accounting - 33.52 %. The overage amounts to only $817 and is not a material amount. 6. Police- 36.53 %. The overage amounts to $194,758 and is due to the annual insurance payment, minor apparatus, travel expenses, emergency notification service, lease & maintenance of equipment, and the purchase of vehicles. 7. Fire - 37.77 %. The overage amounts to $194,510 and is due to overtime, annual insurance payment, training, building maintenance, and the annual payment on a fire truck. 8. Public Works - 36.09 %. The overage amounts to $5,672 and is due to salaries and benefits and the annual insurance payment. 9. Streets- 42.20.The overage amounts to $132,144 and is due to the annual insurance payment, contract labor, contract services, sidewalks /curbs, and street repairs. 10. EMS - 33.68%. The overage amounts to $8,304 and is due to travel expenses, training expenses, medical expenses, equipment maintenance, and the annual insurance payment. 11. Cox Field Airport - 41.88 %. The overage amounts to $8,836 and is due to building & grounds maintenance and the annual insurance payment. 12. Library - 37.34 %. The overage amounts to $27,794 and is due to the annual insurance payment, books & media, postage, and utilities.