HomeMy WebLinkAboutNovember 2013
AGENDA BILL APPROVAL FORM
Agenda Subject: November 2013 Financial Report
Date: January 3, 2014
Department: Finance
Attachments: Monthly Financial
Report
Budget Impact: $0
Administrative Recommendation: For discussion only.
Background Summary:
The purpose of the monthly financial report is to summarize for the City Council the general state of
Citywide financial affairs and to highlight significant items or trends that the City Council should be aware
of. The following provides a high level summary of the City’s financial performance. Further detail can be
found within the attached financial report.
The November status report is based on financial data available as of December 17, 2013 for the period
ending November 30, 2013. Sales tax information represents business activity that occurred in
September 2013.
General Fund:
The General Fund is the City’s largest fund and is used to account for the majority of City resources and
services except those required by statute or to be accounted for in another fund.
Through November 2013, General Fund revenues totaled $50.9 million and were sufficient to support
total General Fund expenditures of $48.3 million.
Overall, General Fund revenues exceed budget by $2.1 million, and exceeded collections for the same
period last year by $1.2 million. The increase in revenues is due to several factors, primarily changes to
the property tax revenue distribution noted as follows: 1) 100% of the property tax revenue is receipting
into the General Fund which provides a $2 M increase in this revenue to this fund; and 2) The City was
limited in the 2013 levy and levied $500k less than the previous year. The net is an approximate increase
of $1.5 M to the General Fund. Per the 2013-2014 budget, Local Street Fund street repairs are funded
from sales taxes on construction; previously these repairs were funded with property taxes. Other
significant factors contributing to the improvement in General Fund revenues over the previous year
include City utility taxes (up $503,000) and building permit revenues (up $427,000). Total building permit
revenues collected through November totals $2.0 million and compares to budget of $1.8 million.
Year to date building permits issued through November totaled 839, and compares to 840 during the
same period last year. In the downtown core, ground-breaking started in December for the Trek building
located across the street from the City Hall Annex building. This will be a six story mixed use building
with retail shopping and residential living.
General Fund expenditures totaled $48.3 million and compares to $48.0 million for the same period last
year, and year to date budget of $51.3 million.
During the month of November, 368 pet licenses were sold (as compared to 603 in 2012) resulting in
$10,425 in revenue. Year-to-date, 4,696 licenses have been sold (compared to 6,267 in 2012) bringing in
a total of $143,275.
1
Agenda Subject: November 2013 Financial Report
Date: 1/03/2014
Enterprise Funds:
The City’s eight enterprise funds account for operations with revenues primarily provided from user fees,
charges or contracts for services.
At the end of November, the Water fund’s net operating income decreased to $716,600 (as compared to
income of $1,105,100 in the previous year) reflecting purchased water payments to Tacoma Public
Utilities. The Sewer fund ended with a $544,500 operating loss (compared to an operating loss of
$1,024,700 the previous year, excluding Metro); the Sewer-Metro Utility ended the period with operating
income of $166,100; and the Stormwater Utility ended with operating income of $925,300 (as compared
to an operating loss of $393,000 the previous year).
The Golf Course ended the period with an operating loss of $216,300 compared to an operating loss of
$271,700 for the same period last year and reflects an improvement in the year-to-date rounds played at
the Golf Course (46,461 compared to 44,832 for the same period last year). The number of rounds
played in November improved as a result of drier weather conditions (3.8 inches of rain as compared to
8.28 inches the previous year). The Cemetery ended November with net operating income of $50,700
compared to an operating loss of $125,100 for the previous year, reflecting an increase in operating
revenue and a decrease in salaries/benefits expenditures.
Internal Service Funds:
Internal Service Funds provide services to other City departments and include functions such as
Insurance, Facilities, Innovation and Technology, and Equipment Rental. All funds have sufficient
revenues to cover year-to-date expenditures.
Investment Portfolio:
The City’s total cash and investments at the end of November was $111.3 million and are comparable to
the month prior.
Reviewed by Council & Committees: Reviewed by Departments & Divisions:
Arts Commission COUNCIL COMMITTEES: Building M&O
Airport Finance Cemetery Mayor
Hearing Examiner Municipal Serv. Finance Parks
Human Services Planning & CD Fire Planning Park Board Public Works Legal Police
Planning Comm. Other Public Works Human Resources
Information Services
Action:
Committee Approval: Yes No
Council Approval: Yes No Call for Public Hearing ___/___/____
Referred to _________________________________ Until ____/___/____
Tabled ______________________________________ Until ___/___/____
Councilmember: Wales Staff: Coleman
Meeting Date: January 21, 2014 Item Number:
2
Monthly Financial Report November 2013
General Fund 2012
Summary of Sources and Uses Annual
BudgetYTD BudgetYTD ActualYTD ActualAmount
Operating Revenues
Property Tax 14,299,41714,195,11714,336,60112,810,965 141,4841.0 %
Sales Tax 11,695,30910,646,50911,411,46411,842,788764,9557.2 %
Sales Tax - Annexation Credit 1,397,6021,273,7001,547,8031,398,456274,10321.5 %
Criminal Justice Sales Tax 1,225,0591,123,6591,386,9931,281,874263,33423.4 %
Brokered Natural Gas Tax 301,500 281,700 253,115 283,452(28,585)(10.1)%
City Utilities Tax 2,991,9332,716,7003,054,7312,551,985338,03112.4 %
Admissions Tax 363,609 362,500 324,862 343,736(37,638)(10.4)%
Electric Tax 3,340,5003,340,5003,297,9763,151,923(42,524)(1.3)%
Natural Gas Tax 1,201,9001,201,9001,037,3151,113,400(164,585)(13.7)%
Cable TV Franchise Fee 808,000 808,000 854,447 812,228 46,4475.7 %
Cable TV Franchise Fee - Capital 62,000 62,000 62,701 62,871 7011.1 %
Telephone Tax 2,032,5741,860,7001,655,5901,786,503(205,110)(11.0)%
Garbage Tax (external)151,504 142,900 92,247 103,946(50,653)(35.4)%
Leasehold Excise Tax 50,501 33,300 27,942 28,792 (5,358)(16.1)%
Gambling Excise Tax 247,965 245,600 255,310 257,902 9,710 4.0 %
Taxes sub-total 40,169,37338,294,78539,599,09637,830,8231,304,3113.4 %
Business License Fees 202,005 122,500 137,489 139,631 14,98912.2 %
Building Permits 1,899,9661,760,4001,986,9721,560,010226,57212.9 %
Other Licenses & Permits 454,413 415,313 643,793 374,993228,48055.0 %
Intergovernmental (Grants, etc.) - (1)4,661,7844,285,4464,363,9975,252,011 78,5511.8 %
Charges for Services:
General Government Services 94,467 82,900 100,660 104,087 17,76021.4 %
Public Safety 17,300 16,500 20,667 205,378 4,16725.3 %
Development Services Fees 963,458 918,6001,063,1901,202,763144,59015.7 %
Culture and Recreation 809,717 760,400 826,665 822,299 66,2658.7 %
Fines and Forfeits 1,556,500 1,421,100 1,303,417 1,405,019 (117,683)(8.3)%
Fees/Charges/Fines sub-total 10,659,6109,783,15910,446,85111,066,191663,6926.8 %
Interests and Other Earnings 64,900 57,000 42,693 73,162 (14,307)(25.1)%
Rents, Leases and Concessions 308,000 251,800 272,967 272,284 21,1678.4 %
Contributions and Donations 41,000 37,100 57,881 47,264 20,78156.0 %
Other Miscellaneous 92,200 83,900 80,626 111,716 (3,274)(3.9)%
Transfers In 267,000 267,000 193,548 17,000(73,452)(27.5)%
Insurance Recoveries - Capital & Operating 25,000 21,618 161,796 235,095 140,178 648.4 %
Other Revenues sub-total 798,100718,418809,510756,52191,09212.7 %
Total Operating Revenues 51,627,08348,796,36250,855,45749,653,5352,059,0954.2 %
Operating Expenditures
Council & Mayor 1,020,763 935,699 927,660 815,315 8,0400.9 %
Municipal Court & Probation 682,424 650,690 565,1012,977,402 85,58913.2 %
Human Resources 1,608,8001,449,7001,279,009 774,031 170,69111.8 %
Finance 1,315,3441,191,7441,047,8561,029,264143,88812.1 %
City Attorney 1,836,3461,675,9461,685,5861,484,753 (9,640)(0.6)%
Planning 4,007,2153,673,2803,489,4213,404,752183,8605.0 %
Community & Human Services 1,272,5801,179,880 834,301 872,283345,57929.3 %
Jail - SCORE 7,046,4196,620,3826,623,0833,019,159 (2,701)(0.0)%
Police 20,136,99718,294,29717,612,21516,617,637682,0823.7 %
Engineering 2,836,4402,560,0402,476,7172,286,305 83,3233.3 %
Parks and Recreation 8,138,5647,496,5007,524,0646,744,736(27,564)(0.4)%
Streets 3,273,3532,837,9002,566,3782,573,564271,5229.6 %
Non-Departmental 2,962,7682,735,8711,706,7285,408,8941,029,14337.6 %
Total Operating Expenditures 56,138,01451,301,92948,338,11948,008,0932,963,8105.8 %
2013 2013 YTD Budget vs. Actual
Favorable (Unfavorable)
Percentage
(1) Streamlined Sales Tax mitigation payments represent intergovernmental revenues from the State of Washington
and are presented above in the Intergovernmental Revenue category. For the first eleven months of 2013,
$1,785,508 in Streamlined Sales Tax mitigation payments is included and is based upon the actual and anticipated
2013 Streamlined Sales Tax mitigation payments of $2,000,000. This is reconciled at the end of each quarter and
is based upon actual distributions from the State.
3
Monthly Financial Report November 2013
Overview
This financial overview reflects the City’s overall financial position for the fiscal period ending
November 30, 2013 and represents financial data available as of December 17, 2013. The
budgeted year to date revenues and operating expenditures are primarily based on
collection/disbursement average for the same period of the two years prior.
General Fund revenues totals $50.9 million as of the end of November 2013 and compares to
previous year to date collections of $49.7 million and budget of $48.8 million. Year to date
improvement in General Fund revenue performance is primarily due to continued strength in
sales tax revenues, increased City utility tax revenues, and increased revenues from development
activity.
General Fund expenditures totals $48.3 million as of the end of November 2013 and compares
to previous year to date expenditures of $48.0 million and budget of $51.3 million. Department
spending is within budget and expectations, with the majority of under-expenditures due to
timing of expenditures and salary savings from current and earlier vacancies.
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
Revenues Expenditures
Mi
l
l
i
o
n
s
General Fund
Revenues vs. Expenditures
2013 Actual
2013 Budget
4
Monthly Financial Report November 2013
Revenues
The combined total of property tax, sales/use tax, utility tax, gambling, and admissions tax
provide approximately 80% of all resources supporting general governmental activities. The
following section provides additional information on these sources.
Property Tax collections to date totals $14.3 million and compares to collections of $14.8 million
for the same period the previous year, after adjusting for transfers to the Local Street Fund (SOS)
program1. The majority of property tax revenues are collected during the months of April and
October, coinciding with the due date for the County property tax billings.
$0.0
$2.0
$4.0
$6.0
$8.0
$10.0
$12.0
$14.0
$16.0
JanFebMarAprMayJunJulAugSepOctNovDec
Mi
l
l
i
o
n
s
Property Taxes
2013 budget
2013 actual to date
2012 actual
* Per 2013-2014 budget, Local Street Fund (Fund 103) street repairs are funded from sales taxes on
construction.
1 In 2012, property taxes for the same period totaled $14,810,965. Of this amount, $12,810,965 was distributed to the
General Fund and $2,000,000 was distributed to the Local Street Fund (Fund 103). 5
Monthly Financial Report November 2013
Sales tax distributions Citywide totaled $13.1 million of which $11.4 million was distributed to the
General Fund and $1.7 million to the Local Street Fund (SOS) program.*
$0.0
$2.0
$4.0
$6.0
$8.0
$10.0
$12.0
$14.0
JanFebMarAprMayJunJulAugSepOctNovDec
Mi
l
l
i
o
n
s
Sales & Use Tax
(Net of Revenue from Construction)
2013 budget
2013 actual to date
2012 actual
* Per 2013-2014 budget, Local Street Fund (Fund 103) street repairs are funded from sales taxes on
construction. Total transferred year to date through November: $1,719,312. The graphic above presents sales
taxes under the current policy.
The following table breaks out the City’s base sales tax, excluding Criminal Justice, Annexation
Credit and Streamlined Sales Tax Mitigation by major business sectors.
Note: 2012 actuals for the Manufacturing sector include an adjustment of -$74,000 by the State Department
of Revenue as a result of an audit.
20122013
Component GroupActualActualAmount
Construction 1,062,0161,719,312657,29661.9 %
Manufacturing 364,442574,442210,00057.6 %
Transportation & Warehousing54,70642,264(12,442)(22.7)%
Wholesale Trade 1,196,4861,178,715(17,771)(1.5)%
Automotive 2,777,3262,907,391130,0654.7 %
Retail Trade 3,613,9493,848,484234,5366.5 %
Services 2,719,4232,793,22473,8012.7 %
Miscellaneous 57,33560,0702,7354.8 %
YTD Total 11,845,68213,123,9021,278,22010.8 %
Change from 2012
November-2013
Comparison of Sales Tax Collections by SIC Group
Percentage
6
Monthly Financial Report November 2013
As shown on the prior page, the areas showing the largest amount of increase in revenues
compared to 2012 are in the construction trade and the retail trade categories. These changes
reflect the increased level of construction activity within the City as well as improvement in
general economic conditions and consumer spending. In general, consumer spending accounts
for approximately two-thirds of economic activity.
Year to date sales tax revenue on construction, which is transferred to the Local Street Fund
(Fund 103) for local street repair and maintenance, totals $1,719,000 and exceeds budget by
$404,000, reflecting increased commercial and residential construction activity throughout the
City.
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
$1.4
$1.6
$1.8
$2.0
JanFebMarAprMayJunJulAugSepOctNovDec
Mi
l
l
i
o
n
s
Sales Tax on Construction Transfer
2013 budget
2013 actual to date
7
Monthly Financial Report November 2013
Utility Taxes consists of City interfund utility taxes (Water, Sewer, Storm and Solid Waste) and
external utility taxes (Electric, Natural Gas, Telephone and Solid Waste). Utility tax collections
through November were $9.1 million and compares to $8.7 million collected the same period
last year.
$0.0
$2.0
$4.0
$6.0
$8.0
$10.0
$12.0
JanFebMarAprMayJunJulAugSepOctNovDec
Mi
l
l
i
o
n
s
Utility Tax
2013 budget
2013 actual to date
2012 actual
As shown in the table below, increased collections from City interfund utilities partially offset
lower than expected collections from private utility providers. A mild winter has reduced
consumer heating demands and resulted in a decline in electric and natural gas revenue
collections. Earlier this year, the Washington Utilities and Transportation Commission approved
a rate decrease for natural gas - which reduced the residential rates by approximately 7% and
commercial rates by approximately 10%. This rate decrease was a result of an abundant
domestic supply of natural gas. Telephone utility tax revenues are under budget by $205,000
year to date, reflecting the rapid change in this industry as more individuals move from
traditional land lines to cellular and internet-based phone services.
201220132013
Month ActualBudgetActualAmount Amount
City Interfund Utility Taxes2,551,9852,716,7003,054,731502,746 19.7 %338,031 12.4 %
Electric 3,151,9233,340,5003,297,976146,053 4.6 %(42,524)(1.3)%
Natural Gas 1,113,4001,201,9001,037,315(76,085)(6.8)%(164,585)(13.7)%
Telephone 1,786,5031,860,7001,655,590(130,913)(7.3)%(205,110)(11.0)%
Solid Waste (external)103,946142,90092,247(11,698)(11.3)%(50,653)(35.4)%
YTD Total 8,707,7579,262,7009,137,859430,102 4.9 %(124,841)(1.3)%
November-2013
Utility Tax by Type
2013 vs. 2012 Actual2013 vs. Budget
Percentage Percentage
8
Monthly Financial Report November 2013
Cable TV Franchise Fees, which are collected quarterly, totals $855,000 and exceeds budget by
$46,000 or 5.7%.
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
1st Quarter2nd Quarter3rd Quarter4th Quarter
Th
o
u
s
a
n
d
s
Cable TV Franchise Fee
2013 budget
2013 actual to date
2012 actual
Licenses and Permits include business licenses, building permits, plumbing, electric and other
licenses and permit fees. Building permit fees and business licenses make up 80% of the annual
budgeted revenue in this category.
Total building permit revenues collected through November totals $2.0 million and compares to
budget of $1.8 million. Year to date building permits issued through November totals 839, and
compares to 840 during the same period last year. Major projects contributing to revenues this
year include the Auburn High School Modernization project, the remodel of The Outlet
Collection – Seattle, various projects at Boeing, the Franciscan Medical Pavilion, the Walter E.
Nelson Building (janitorial supply distributor) as well as several housing developments including
The Ridge at Bowman Creek, Auburn 40 PUD, Lakeland East, and Kendall Ridge.
9
Monthly Financial Report November 2013
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
$1.4
$1.6
$1.8
$2.0
$2.2
JanFebMarAprMayJunJulAugSepOctNovDec
Mi
l
l
i
o
n
s
Building Permits
2013 budget
2013 actual to date
2012 actual
Business License revenues collected to date totals $137,000 and is on target with budget. The
graphic below reflects the timing of payments by business owners, where the majority of business
license payments are collected during the first two months of the year and the last month of the
year.
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
$200
$220
$240
JanFebMarAprMayJunJulAugSepOctNovDec
Th
o
u
s
a
n
d
s
Business Licenses
2013 budget
2013 actual to date
2012 actual
10
Monthly Financial Report November 2013
Intergovernmental includes Grants (Direct & Indirect Federal, State and Local), state shared
revenues and compact revenue from the Muckleshoot Indian Tribe (MIT). Collections to date
total $4.4 million and are on target with year to date expectations
State shared revenue includes actual and anticipated Streamlined Sales Tax mitigation payments in the amount of
$1,785,508 through November.
201220132013
Revenue ActualBudgetActualAmount Amount
Federal Grants 607,50239,60083,124(524,377)(86.3)%43,524 109.9%
State Grants 124,457136,200145,17420,716 16.6 %8,974 6.6%
Interlocal Grants 15,04930,40075,48660,437 401.6 %45,086 148.3%
State Shared Revenue3,774,5293,506,2463,465,086(309,444)(8.2)%(41,160)(1.2)%
Muckleshoot Casino Emerg.711,063565,000564,895(146,168)(20.6)%(105)(0.0)%
Intergovernmental Service19,4118,00030,23210,822 55.8 %22,232 277.9%
YTD Total 5,252,0114,285,4464,363,997(888,014)(16.9)%78,551 1.8%
November-2013
Intergovernmental
2013 vs. 2012 Actual2013 vs. Budget
% Change % Change
Charges for Services consists of general governmental services, public safety, development service
fees and cultural & recreation fees. Development service fees and culture and recreation fees
make up over 85% of the revenue within this category. Development service fee collections
through November, which primarily consist of plan check fees, exceed budget by $145,000 to
date. Plan check fees collected in November totaled $78,000 and included projects at Boeing,
permits for the Kendall Ridge and Edgeview subdivisions, as well as numerous other projects.
The year over year decline in development service fees reflect plan check fees for the Auburn
High School Modernization and the Boeing re-roofing projects both of which were received in
2012.
Culture and recreation revenues are $66,000 higher than budget; reflecting increased activity
from recreational classes and City special events. The year over year decline in Public Safety
charges reflect the elimination of Adult Probation revenue (these revenues are retained by King
County under the City-King County District Court contract).
201220132013
Revenue ActualBudgetActualAmount Amount
General Government104,08782,900100,660(3,427)(3.3)%17,76021.4 %
Public Safety 205,37816,50020,667(184,710)(89.9)%4,16725.3 %
Development Services1,202,763918,6001,063,190(139,573)(11.6)%144,59015.7 %
Culture & Recreation822,299760,400826,6654,366 0.5 %66,2658.7 %
YTD Total 2,334,5271,778,4002,011,183(323,345)(13.9)%232,78313.1 %
November-2013
Charges for Services by Type
2013 vs. 2012 Actual2013 vs. Budget
Percentage Percentage
11
Monthly Financial Report November 2013
Note: August 2012 collections include plan check fees related to the Boeing re-roofing project as well as fees
paid by the Auburn School District for the Auburn High School modernization and reconstruction project.
[Source: August 2012 monthly financial report]
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
$1.4
JanFebMarAprMayJunJulAugSepOctNovDec
Mi
l
l
i
o
n
s
Development Service Fees
2013 budget
2013 actual to date
2012 actual
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
$1,000
JanFebMarAprMayJunJulAugSepOctNovDec
Th
o
u
s
a
n
d
s
Culture & Recreation
2013 budget
2013 actual to date
2012 actual
12
Monthly Financial Report November 2013
Fines & Penalties include traffic and parking infraction penalties, Redflex photo enforcement
violations, criminal fines (including criminal traffic, criminal non traffic and criminal costs) as well
as non court fines such as false alarm and shopping cart fines. Total revenue to date is $1.3
million and compares to budget of $1.4 million. Civil Infraction Penalties include traffic
infractions and other non-parking infractions. The majority of the revenues collected in this
category relate to traffic infractions. Year to date through November, a total of $410,000 has
been collected for traffic infractions, compared to $514,000 for the same period last year.
201220132013
Month ActualBudgetActualAmount Amount
Civil Penalties 14,31712,60017,4383,121 21.8 %4,838 38.4 %
Civil Infraction Penalties 518,897588,100414,786(104,110)(20.1)%(173,314)(29.5)%
Redflex Photo Enforcement546,254460,700541,504(4,750)(0.9)%80,804 17.5 %
Parking Infractions 96,478155,900109,86413,387 13.9 %(46,036)(29.5)%
Criminal Traffic Misdemeanor79,69475,10052,788(26,906)(33.8)%(22,312)(29.7)%
Criminal Non-Traffic Fines 75,91482,00054,462(21,451)(28.3)%(27,538)(33.6)%
Criminal Costs 14,17812,10027,83113,653 96.3 %15,731 130.0 %
Non-Court Fines & Penalties 59,28834,60084,74425,456 42.9 %50,144 144.9 %
YTD Total 1,405,0191,421,1001,303,417(101,602)(7.2)%(117,683)(8.3)%
November-2013
Fines & Forfeits by Type
2013 vs. 2012 Actual2013 vs. Budget
Percentage Percentage
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
$1.4
$1.6
$1.8
JanFebMarAprMayJunJulAugSepOctNovDec
Mi
l
l
i
o
n
s
Fines & Penalties
2013 budget
2013 actual to date
2012 actual
13
Monthly Financial Report November 2013
aneous income.
otal revenue collected to date is $454,000 compared to budget of $430,000.
.0
cre
Sonata Hill as well as other commercial properties and numerous single family
omes.
Miscellaneous revenues primarily consist of income from facility rentals; other sources within this
category include investment earnings, contributions & donations and other miscell
$0
$100
$200
$300
$400
$500
$600
$700
JanFebMarAprMayJunJulAugSepOctNovDec
Th
o
u
s
a
n
d
s
Redflex Photo Enforcement
2013 budget
2013 actual to date
2012 actual
T
201220132013
Month ActualBudgetActualAmount Amount
Interest & Investments 73,16257,00042,693(30,469)(41.6)%(14,307)(25.1)%
Rents & Leases 272,284251,800272,9676820.3 %21,1678.4 %
Contributions & Donations47,26437,10057,88110,61722.5 %20,78156.0 %
Other Miscellaneous Revenue111,71683,90080,626(31,090)(27.8)%(3,274)(3.9)%
YTD Total 504,426429,800454,166(50,260)(10.0)%24,3665.7 %
Miscellaneous Revenues by Type
November-2013
2013 vs. 20122013 vs. Budget
Percentage Percentage
Real Estate Excise Tax (REET) revenue is receipted into the Capital Improvement Projects Fund
and is used for governmental capital projects. Total revenue at the end of November was $2
million and exceeds budget and prior year actuals by $743,000 and $438,000 respectively,
reflecting a robust local and regional real estate market. As shown in the table below, REET
revenues collected in November totals $288,000 and includes revenues from several large
property sales including the sale of the HSCA Laundry Facility on M street, the sale of a 10 a
property on
h
14
Monthly Financial Report November 2013
c above was due in part to the sale of
e Auburn Regional Medical Center to Multicare.
201220132013
MonthActualBudgetActualAmount Amount
Jan 61,44271,106113,61552,17284.9%42,50959.8%
Feb 155,94885,002107,485(48,464)(31.1)%22,48326.5%
Mar 136,790159,420143,1986,4084.7%(16,222)(10.2)%
Apr 73,07872,572124,44551,36770.3%51,87371.5%
May 92,568124,286162,75070,18375.8%38,46430.9%
Jun 96,29299,944177,38081,08784.2%77,43577.5%
Jul 152,249177,428267,976115,72876.0%90,54851.0%
Aug 119,92490,202200,62780,70267.3%110,425122.4%
Sep 112,40775,348183,50771,10063.3%108,158143.5%
Oct 482,981219,270261,388(221,593)(45.9)%42,11819.2%
Nov 108,095112,080287,776179,680166.2%175,695156.8%
Dec 174,868113,340 0.0 0.0
YTD Total1,591,7741,286,6602,030,146438,37227.5%743,48657.8%
Real Estate Excise Tax Revenues
November-2013
Percentage Percentage
2013 vs. 20122013 vs. Budget
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
$1.4
$1.6
$1.8
$2.0
$2.2
$2.4
JanFebMarAprMayJunJulAugSepOctNovDec
Mi
l
l
i
o
n
s
Real Estate Excise Tax
2013 budget
2013 actual to date
2012 actual
Note: October 2012 revenue increase reflected in the graphi
th
15
Monthly Financial Report November 2013
Year-to-date revenues total $143,275, surpassing the 2013 budget goal of $96,000. During the
same month in 2012, 603 licenses were sold, resulting in $16,890 in revenue to King County.
Year-to-Date Licenses 2013 (through November) = 4,696
Year-to-Date Licenses 2012 (through November) = 6,267 as reported by King County
Pet Licensing
During the month of November, 368 pet licenses were sold resulting in $10,425 in revenue.
0
100
200
300
400
500
600
700
800
900
1000
Ja
n
Fe
b
Ma
r
Ap
r
Ma
y
Ju
n
Ju
l
Au
g
Se
p Oc
t
No
v
De
c
Nu
m
b
e
r
o
f
L
i
c
e
n
s
e
s
S
o
l
d
Month
Pet License Sales By Month
2013 vs 2012
2013 Licenses Sold
2012 Licenses Sold
2013 Budget Goal: $ 96,000 or more
2014 Budget Goal: $240,000 or more
Year-to-Date Revenue 2013 (through November) = $143,275
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
$18,000
Ja
n
Fe
b
Ma
r
Ap
r
Ma
y
Ju
n
Ju
l
Au
g
Se
p Oc
t
No
v
De
c
Li
c
e
n
s
e
R
e
v
e
n
u
e
Month
Pet Licensing Revenue By Month
2013
2013 License Revenue
16
Monthly Financial Report November 2013
Enterprise Funds
nterprise and Internal Service
funds can be found in the Appendix at the end of this Report.
arily reflecting the effects of the cost of purchased water through Tacoma Public
tilities.
tro fund).
he Sewer-Metro Utility ended November with net operating income of $166,100.
0
2,000
4,000
6,000
8,000
10,000
12,000
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
Ja
n
Fe
b
Ma
r
Ap
r
Ma
y
Ju
n
Ju
l
Au
g
Se
p
Oc
t
No
v
De
c
Nu
m
b
e
r
o
f
L
i
c
e
n
s
e
s
S
o
l
d
Li
c
e
n
s
e
R
e
v
e
n
u
e
Month
Cumulative Pet Licensing Revenue & Sales
2013 vs 2012
2013 License Revenue (L)
2013 License Revenue(Budget Goal: $96,000)
2013 Licenses Sold (R)
2012 Licenses Sold (R)
The detailed Working Capital and Fund Balance statements for E
The Water Utility’s net operating income decreased from $1,105,100 in 2012 to $716,600 in
2013, prim
U
The Sewer Utility ended the period with a $544,500 net operating loss and compares to a
$1,024,700 net loss for the same period in 2012 (excluding Metro wastewater treatment
revenues and expenditures, which are now being tracked separately in the Sewer-Me
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
JanFebMarAprMayJunJulAugSepOctNovDec
Th
o
u
s
a
n
d
s
Water Revenues vs Water Sold
2013 vs 2012
2012 Water Sales ($)
2013 Water Sales ($)
2012 Water Sold (ccf)
2013 Water Sold (ccf)
T
17
Monthly Financial Report November 2013
The Stormwater Utility ended the period with $925,300 in net operating income which
compares to an operating loss of $393,000 for the same period last year.
net operating loss of $216,300 compared to a loss of $271,700 for the
same period last year.
The number of rounds played at the Auburn Golf Course (AGC) in November totaled 1,921 as
compared to 1,546 for the same period last year, reflecting a much dryer month than in 2012,
and helped to improve year-to-date rounds to 46,461 versus 44,832 rounds in 2012. The AGC
ended November with a
$0
$50
$100
$150
$200
$250
$300
JanFebMarAprMayJunJulAugSepOctNovDec
Th
o
u
s
a
n
d
s
Golf Course Operating Revenues & Expenditures By Month
2013 vs 2012
2013 Bud. Revenue
2013 Act. Revenue
2012 Act. Revenue
2013 Act. Expenses
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
JanFebMarAprMayJunJulAugSepOctNovDec
Th
o
u
s
a
n
d
s
Cumulative Golf Course Revenues & Expenditures
2013 vs 2012
2013 Bud. Revenue
2013 Act. Revenue
2012 Act. Revenue
2013 Act. Expenses
18
Monthly Financial Report November 2013
ompares to 27 (13 burials,
4 cremations) for the same period last year. Year-to-date interments total 204 (97 burials, 107
cremations) compared to 235 (103 burials, 132 cremations) in 2012.
The Cemetery Fund ended November with operating income of $50,700 compared to a
$125,100 net operating loss for the same period last year which reflects a decline in Cemetery
operating expenditures and an increase in operating revenue. In November, the number of
interments at the Cemetery totaled 15 (9 burials, 6 cremations) which c
1
$0
$20
$40
$60
$80
$100
$120
$140
JanFebMarAprMayJunJulAugSepOctNovDec
Th
o
u
s
a
n
d
s
Cemetery Operating Revenues & Expenditures By Month
2013 vs 2012
2013 Bud. Revenue
2013 Act. Revenue
2012 Act. Revenue
2013 Act. Expenses
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
$1,000
JanFebMarAprMayJunJulAugSepOctNovDec
Th
o
u
s
a
n
d
s
Cumulative Cemetery Revenues & Expenditures
2013 vs 2012
2013 Bud. Revenue
2013 Act. Revenue
2012 Act. Revenue
2013 Act. Expenses
19
Monthly Financial Report November 2013
Internal Service Funds
Operating expenditures within the Insurance Fund represents the premium cost-pool that will be
allocated monthly to other City funds over the course of 2013. As a result, this balance will
gradually diminish each month throughout the year.
No significant variances are reported in the Facilities, Innovation & Technology, or Equipment
Rental Funds. All funds have sufficient revenues to cover year-to-date expenditures.
Contact Information
This report is prepared by the Finance Department. Additional financial information can also be
viewed at our website: http://www.auburnwa.gov/. For any questions about the report please
contact us at mchaw@auburnwa.gov or scoleman@auburnwa.gov.
20
Investment Purchase Purchase Maturity Yield to
Type Date Price Date Maturity
State Investment Pool Various 97,381,629$ Various 0.12%
KeyBank Money Market Various 9,670,029 Various 0.15%
US Treasury 05/04/1990 57,750 05/15/2016 5.72%
FFCB 4/11/2013 3,000,000 4/11/2016 0.43%
FNMA 9/6/2013 1,000,000 9/6/2016 1.00%
LAKUTL 9/25/2013 235,919 11/1/2017 1.90%
Total Cash & Investments 111,345,327$ 0.142%
Investment Mix % of Total
State Investment Pool 87.5%Current 6-month treasury rate 0.10%
KeyBank Money Market 8.7%Current State Pool rate 0.12%
US Treasury 0.1%KeyBank Money Market 0.15%
FFCB 2.7%Blended Auburn rate 0.14%
FHLMC 0.0%
FNMA 0.9%
LAKUTL 0.2%
100.0%
City of Auburn
Investment Portfolio Summary
November 30, 2013
Summary
21
SALES TAX SUMMARY
NOVEMBER 2013 SALES TAX DISTRIBUTIONS (FOR SEPTEMBER 2013 RETAIL ACTIVITY)
2012 Annual Total 2012 YTD 2013 YTD YTD 2012 Annual Total 2012 YTD 2013 YTD YTD
NAICS CONSTRUCTION (Nov '11-Oct '12)(Nov '11 - Sep '12)(Nov '12 - Sep '13)% Diff NAICS AUTOMOTIVE (Nov '11-Oct '12)(Nov '11 - Sep '12)(Nov '12 - Sep '13)% Diff
236 Construction of Buildings 483,409 412,439 848,954 105.8%441 Motor Vehicle and Parts Dealer 2,795,164 2,571,637 2,690,321 4.6%
237 Heavy and Civil Construction 114,823 102,863 124,554 21.1%447 Gasoline Stations 223,463 205,688 217,070 5.5%
238 Specialty Trade Contractors 622,980 546,713 745,805 36.4%TOTAL AUTOMOTIVE 3,018,627 2,777,326 2,907,391 4.7%
TOTAL CONSTRUCTION 1,221,212 1,062,016 1,719,312 61.9%Overall Change from Previous Year 130,065
Overall Change from Previous Year 657,296
2012 Annual Total 2012 YTD 2013 YTD YTD
2012 Annual Total 2012 YTD 2013 YTD YTD NAICS RETAIL TRADE (Nov '11-Oct '12)(Nov '11 - Sep '12)(Nov '12 - Sep '13)% Diff
NAICS MANUFACTURING (Nov '11-Oct '12)(Nov '11 - Sep '12)(Nov '12 - Sep '13)% Diff 442 Furniture and Home Furnishings 226,309 206,024 215,823 4.8%
311 Food Manufacturing 2,932 2,849 1,718 -39.7%443 Electronics and Appliances 145,391 135,722 150,056 10.6%
312 Beverage and Tobacco Products 5,855 5,300 6,973 31.6%444 Building Material and Garden 425,494 393,428 415,713 5.7%
313 Textile Mills 570 99 234 135.7%445 Food and Beverage Stores 341,379 311,666 304,582 -2.3%
314 Textile Product Mills 4,457 4,270 3,401 -20.3%446 Health and Personal Care Store 148,812 138,000 159,727 15.7%
315 Apparel Manufacturing 218 214 278 29.9%448 Clothing and Accessories 772,153 710,605 806,098 13.4%
316 Leather and Allied Products 59 59 10 -83.6%451 Sporting Goods, Hobby, Books 120,507 112,882 109,812 -2.7%
321 Wood Product Manufacturing 31,417 27,125 67,452 148.7%452 General Merchandise Stores 967,039 896,185 896,451 0.0%
322 Paper Manufacturing 3,944 3,556 3,206 -9.8%453 Miscellaneous Store Retailers 508,326 462,778 502,812 8.7%
323 Printing and Related Support 28,275 25,904 23,334 -9.9%454 Nonstore Retailers 268,503 246,658 287,412 16.5%
324 Petroleum and Coal Products 10,532 9,431 8,910 -5.5%TOTAL RETAIL TRADE 3,923,913 3,613,949 3,848,484 6.5%
325 Chemical Manufacturing 8,089 7,126 8,345 17.1%Overall Change from Previous Year 234,536
326 Plastics and Rubber Products 9,469 8,674 8,650 -0.3%
327 Nonmetallic Mineral Products 17,324 15,818 18,878 19.3%
331 Primary Metal Manufacturing 1,766 1,766 717 -59.4%2012 Annual Total 2012 YTD 2013 YTD YTD
332 Fabricated Metal Product Manuf 24,965 21,718 11,058 d -49.1%NAICS SERVICES (Nov '11-Oct '12)(Nov '11 - Sep '12)(Nov '12 - Sep '13)% Diff
333 Machinery Manufacturing 12,890 11,859 23,951 102.0%51*Information 396,353 360,237 404,011 12.2%
334 Computer and Electronic Produc 10,260 8,569 12,664 47.8%52*Finance and Insurance 53,291 47,067 b 84,379 79.3%
335 Electric Equipment, Appliances 426 358 1,164 224.9%53*Real Estate, Rental, Leasing 326,259 280,971 254,613 -9.4%
336 Transportation Equipment Man 187,175 169,255 a 323,529 91.1%541 Professional, Scientific, Tech 173,274 158,654 168,992 6.5%
337 Furniture and Related Products 18,721 17,310 22,698 31.1%551 Company Management 16 16 76 381.6%
339 Miscellaneous Manufacturing 25,368 23,182 27,272 17.6%56*Admin. Supp., Remed Svcs 334,354 314,662 307,511 -2.3%
TOTAL MANUFACTURING 404,712 364,442 574,442 57.6%611 Educational Services 53,672 50,501 47,328 -6.3%
Overall Change from Previous Year 210,000 62*Health Care Social Assistance 114,833 28,238 31,395 11.2%
71*Arts and Entertainment 153,417 147,906 142,973 -3.3%
72*Accomodation and Food Svcs 920,556 841,986 892,334 6.0%2012 Annual Total 2012 YTD 2013 YTD YTD 81*Other Services 388,279 358,095 359,525 0.4%NAICS TRANSPORTATION AND WAREHOUSING (Nov '11-Oct '12)(Nov '11 - Sep '12)(Nov '12 - Sep '13)% Diff 92*Public Administration 142,188 131,090 100,087 -23.7%
481 Air Transportation 0 0 0 N/A TOTAL SERVICES 3,056,492 2,719,423 2,793,224 2.7%
482 Rail Transportation 19,182 18,873 9,115 -51.7%Overall Change from Previous Year 73,801
484 Truck Transportation 10,245 12,288 (3,794)c -130.9%
485 Transit and Ground Passengers 268 268 93 -65.3%
488 Transportation Support 18,841 17,247 25,569 48.3%2012 Annual Total 2012 YTD 2013 YTD YTD
491 Postal Service 470 401 795 98.2%NAICS MISCELLANEOUS (Nov '11-Oct '12)(Nov '11 - Sep '12)(Nov '12 - Sep '13)% Diff
492 Couriers and Messengers 568 568 1,272 123.8%000 Unknown 1 1 0 -100.0%
493 Warehousing and Storage 5,376 5,060 9,214 82.1%111-115 Agriculture, Forestry, Fishing 2,868 2,761 4,278 55.0%
TOTAL TRANSPORTATION 54,952 54,706 42,264 -22.7%211-221 Mining & Utilities 30,229 28,865 21,407 -25.8%
Overall Change from Previous Year (12,442)999 Unclassifiable Establishments 27,601 25,709 34,386 33.8%
TOTAL SERVICES 60,699 57,335 60,070 4.8%
Overall Change from Previous Year 2,735
2012 Annual Total 2012 YTD 2013 YTD YTDNAICSWHOLESALE TRADE (Nov '11-Oct '12)(Nov '11 - Sep '12)(Nov '12 - Sep '13)% Diff
423 Wholesale Trade, Durable Goods 1,137,932 1,052,070 1,024,683 -2.6%GRAND TOTAL 13,037,326 11,845,682 13,123,902
424 Wholesale Trade, Nondurable 153,721 139,610 149,766 7.3%Overall Change from Previous Year 1,278,220 10.8%
425 Wholesale Electronic Markets 5,065 4,806 4,266 -11.2%
TOTAL WHOLESALE 1,296,718 1,196,486 1,178,715 -1.5%
Overall Change from Previous Year (17,771)
a. Wa. State Dept of Revenue audit adjustment to sales tax returns for period Nov 2011 (adjustment: -$73,971).
b. Wa. State Dept of Revenue audit adjustment to sales tax returns for period Dec 2011 (adjustment: -$20,014).
c. Wa. State Dept of Revenue audit adjustment to sales tax returns for period Jan 2013 (adjustment: -$11,382).
d. Wa. State Dept of Revenue audit adjustment to sales tax returns for period May 2013 (adjustment - $30,493).
11/25/13 file:Monthly Sales Tax Report.xls
Prepared by Auburn Finance Department 22
INNOVATION EQUIPMENT
& TECHNOLOGY RENTAL
OPERATING REVENUES
Charges For Service 10,739,938 6,205,405 - 7,465,875 11,823,537 14,181 870,292 1,018,957 - - - -
Interfund Charges For Service - - - - - - - - - 3,216,651 4,382,245 2,697,954
Sewer Metro Service Revenue - - 13,430,733 - - - - - - - - -
Rents, Leases, Concessions, & Other - - - - - 564,670 - 406,203 - 120,096 73,837 -
TOTAL OPERATING REVENUES 10,739,938 6,205,405 13,430,733 7,465,875 11,823,537 578,852 870,292 1,425,160 - 3,336,747 4,456,082 2,697,954
OPERATING EXPENSES
Salaries & Wages 2,114,273 1,391,322 - 1,857,644 356,130 18,921 354,804 541,872 - 571,427 1,262,423 431,703
Benefits 958,348 614,452 - 812,994 164,271 6,161 176,521 266,316 - 254,381 525,013 192,374
Supplies 152,970 56,002 - 70,903 42,086 286 128,962 245,789 - 99,226 162,694 738,392
Other Service Charges 3,676,242 2,062,382 - 1,200,420 988,415 451,350 54,962 157,318 291,560 1,275,744 1,366,461 417,643
Intergovernmental Services - 2,482 - 12,622 309,752 - - - - - - -
Waste Management Payments - - - - 8,480,886 - - - - - - -
Sewer Metro Services - - 13,264,588 - - - - - - - - -
Interfund Operating Rentals & Supplies 1,023,026 895,200 - 1,183,519 165,825 - 51,513 150,788 - 109,274 276,562 226,943
Other Expenses - - - - - - - - - - - -
Depreciation & Amortization 2,098,475 1,728,017 - 1,402,493 17,251 369,589 52,876 279,359 - - 422,737 639,018
TOTAL OPERATING EXPENSES 10,023,335 6,749,857 13,264,588 6,540,596 10,524,615 846,306 819,638 1,641,442 291,560 2,310,052 4,015,890 2,646,074
OPERATING INCOME (LOSS)716,603 (544,452) 166,146 925,279 1,298,922 (267,455) 50,654 (216,282) (291,560) 1,026,695 440,192 51,880
NON-OPERATING REVENUES & EXPENSES
Interest Revenue 22,983 18,877 65 22,406 1,221 1,441 368 636 2,004 2,576 4,660 8,239
Contributions - - - 69,770 27,735 - 55 - - 56,270 - -
Other Non-Operating Revenue 197,282 180,381 - 63,563 1,930 2,100 577 - - - 23,581 42,086
Gain (Loss) On Sale Of Fixed Assets - - - - - - - - - - - (10,859)
Debt Service Interest (242,693) (19,100) - (157,208) - (46,275) (22,267) - - - - -
Other Non-Operating Expense - - - - - - - - - - - -
TOTAL NON-OPERATING REVENUES & EXPENSES (22,428) 180,159 65 (1,469) 30,886 (42,734) (21,267) 636 2,004 58,846 28,241 39,466
PLUS ITEMS NOT EFFECTING WORKING CAPITAL
Depreciation 2,098,475 1,728,017 - 1,402,493 17,251 369,589 52,876 279,359 - - 422,737 639,018
NET WORKING CAPITAL FROM OPERATIONS 2,792,651 1,363,723 166,211 2,326,304 1,347,059 59,401 82,264 63,713 (289,556) 1,085,540 891,171 730,364
Increase In Contributions - System Development 1 573,640 2,367,712 - 623,662 - - - - - - - -
Increase In Contributions - Area Assessments 224 3,243 - - - - - - - - - -
Increase In Contributions - Other Governments - - - - - 108,745 - - - - - -
Increase In Contributions - Other Funds - - - - - - - - - - - -
Increase In Contributions - FAA - - - - - - - - - - - -
Proceeds of Debt Activity 8,651,429 - - 5,235,686 - - - - - - - -
Operating Transfers In - - - - - - - 50,948 - - - -
Increase In Restricted Net Assets 11,124 21,651 - - - 4,214 - - - - - -
Decrease In Long-Term Receivables - 112,500 - - - - - - - - - -
Increase In Deferred Credits - - - - - 5,009 - - - - - -
TOTAL RESOURCES OTHER THAN OPERATIONS 9,236,417 2,505,105 - 5,859,348 - 117,968 - 50,948 - - - -
Net Change In Restricted Net Assets 1,699,965 1,885,603 (1,460,182) 796,196 - (110,220) - (26,695) - - - (31,005)
Increase In Fixed Assets - Salaries 208,113 60,712 - 145,574 - - - - - - - -
Increase In Fixed Assets - Benefits 81,950 25,815 - 60,673 - - - - - - - -
Increase In Fixed Assets - Site Improvements 35,334 - - 11,782 - - - - - - - 8,471
Increase In Fixed Assets - Equipment - - - 17,960 - - - - - - 365,805 224,355
Increase In Fixed Assets - Construction 4,936,405 297,833 - 1,167,099 - 134,960 - - - - - 36,105
Operating Transfers Out 50,000 50,000 - 124,000 - - - - - 736,685 - 7,000
Debt Service Principal 629,868 288,262 - 140,700 - 115,000 - - - - - -
TOTAL USES OTHER THAN OPERATIONS 7,641,635 2,608,225 (1,460,182) 2,463,984 - 139,740 - (26,695) - 736,685 365,805 244,926
NET CHANGE IN WORKING CAPITAL 4,387,433 1,260,603 1,626,393 5,721,668 1,347,059 37,629 82,264 141,357 (289,556) 348,855 525,366 485,438
BEGINNING WORKING CAPITAL - January 1, 2013 10,196,281 12,072,579 - 10,218,848 1,018,487 818,912 182,098 90,692 2,028,681 1,473,041 2,885,527 5,559,565
ENDING WORKING CAPITAL - November 30, 2013 14,583,714 13,333,182 1,626,393 15,940,516 2,365,546 856,541 264,362 232,048 1,739,125 1,821,896 3,410,893 6,045,002
NET CHANGE IN WORKING CAPITAL 4,387,433 1,260,603 1,626,393 5,721,668 1,347,059 37,629 82,264 141,357 (289,556) 348,855 525,366 485,438
ENTERPRISE FUNDS INTERNAL SERVICE FUNDSWORKING CAPITAL
The following table presents the Working Capital Statement for each of the City's Enterprise and Internal Service funds. Working Capital is generally defined as the difference between current assets and current liabilities.
CEMETERY GOLF INSURANCE FACILITIESWATERSEWERSEWER METRO STORM SOLID WASTE AIRPORT
23
INNOVATION EQUIPMENT
& TECHNOLOGY RENTAL
OPERATING REVENUES
Charges For Service 10,739,938 6,205,405 - 7,465,875 11,823,537 14,181 870,292 1,018,957 - - - -
Interfund Charges For Service - - - - - - - - - 3,216,651 4,382,245 2,697,954
Sewer Metro Service Revenue - - 13,430,733 - - - - - - - - -
Rents, Leases, Concessions, & Other - - - - - 564,670 - 406,203 - 120,096 73,837 -
TOTAL OPERATING REVENUES 10,739,938 6,205,405 13,430,733 7,465,875 11,823,537 578,852 870,292 1,425,160 - 3,336,747 4,456,082 2,697,954
OPERATING EXPENSES
Administration 2,649,072 1,918,648 - 2,558,118 663,601 462,100 215,768 211,236 291,560 - - 803,184
Operations & Maintenance 5,275,787 3,103,192 - 2,579,984 1,362,878 14,617 550,994 1,150,846 - 2,310,052 3,593,153 1,203,872
Waste Management Payments - - - - 8,480,886 - - - - - - -
Sewer Metro Services - - 13,264,588 - - - - - - - - -
Depreciation & Amortization 2,098,475 1,728,017 - 1,402,493 17,251 369,589 52,876 279,359 - - 422,737 639,018
TOTAL OPERATING EXPENSES 10,023,335 6,749,857 13,264,588 6,540,596 10,524,615 846,306 819,638 1,641,442 291,560 2,310,052 4,015,890 2,646,074
OPERATING INCOME (LOSS)716,603 (544,452) 166,146 925,279 1,298,922 (267,455) 50,654 (216,282) (291,560) 1,026,695 440,192 51,880
NON-OPERATING REVENUES & EXPENSES
Interest Revenue 22,983 18,877 65 22,406 1,221 1,441 368 636 2,004 2,576 4,660 8,239
Other Non-Operating Revenue 197,282 180,381 - 133,333 29,665 2,100 632 - - 56,270 23,581 42,086
Gain (Loss) On Sale Of Fixed Assets - - - - - - - - - - - (10,859)
Other Non-Operating Expense (242,693) (19,100) - (157,208) - (46,275) (22,267) - - - - -
TOTAL NON-OPERATING REVENUES & EXPENSES (22,428) 180,159 65 (1,469) 30,886 (42,734) (21,267) 636 2,004 58,846 28,241 39,466
694,175 (364,293) 166,211 923,811 1,329,808 (310,188) 29,387 (215,646) (289,556) 1,085,540 468,434 91,346
Contributions 1 573,864 2,370,955 - 623,662 - 108,745 - - - - - -
Transfers In - - - - - - - 50,948 - - - -
Transfers Out (50,000) (50,000) - (124,000) - - - - - (736,685) - (7,000)
TOTAL CONTRIBUTIONS & TRANSFERS 523,864 2,320,955 - 499,662 - 108,745 - 50,948 - (736,685) - (7,000)
CHANGE IN FUND BALANCE 1,218,039 1,956,662 166,211 1,423,472 1,329,808 (201,444) 29,387 (164,698) (289,556) 348,855 468,434 84,346
BEGINNING FUND BALANCE - January 1, 2013 67,719,034 73,319,311 1,460,182 49,964,488 1,128,442 9,439,263 872,103 8,578,904 2,028,681 1,415,971 4,069,294 10,502,921
ENDING FUND BALANCE - November 30, 2013 68,937,073 75,275,973 1,626,393 51,387,960 2,458,250 9,237,819 901,490 8,414,206 1,739,125 1,764,826 4,537,728 10,587,267
1 Sewer contributions reflect System Development Charges resulting from the Goedecke land swap agreement with the WA Department of Transportation.
FUND BALANCE ENTERPRISE FUNDS INTERNAL SERVICE FUNDS
The following table provides an analysis of each of the City's Enterprise and Internal Service funds - showing 2013 revenues and expenditures by fund.
INCOME (LOSS) BEFORE CONTRIBUTIONS &
TRANSFERS
CEMETERY GOLF INSURANCE FACILITIESWATERSEWERSEWER METRO STORM SOLID WASTE AIRPORT
24