HomeMy WebLinkAboutApril 2013
AGENDA BILL APPROVAL FORM
Agenda Subject: April 2013 Financial Report
Date: June 4, 2013
Department: Finance
Attachments: Monthly Financial
Report
Budget Impact: $0
Administrative Recommendation:
Background Summary:
The purpose of the monthly financial reports 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 April status report is based on financial data available as of May 21, 2013 for the period ending April
30, 2013. Sales tax information represents business activity that occurred in February 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 April 2013, general fund expenses totaled $16.9 million and compare to expenditures of $15.4
million for the same period last year and budget of $18.1 million. The increase in year-over-year
expenses are mostly due to the payment of SCORE debt service principal (prior to 2013, debt service
payments were interest only) and increased payments for incarceration services (current period payments
are based upon prior year City inmate counts). This increase is partially offset by the year-over-year
reduction in Municipal Court and Probation costs due to the outsourcing of court services to King County.
General fund revenues through April 2013 were $19.7 million and exceed budget by $1.1 million, or 5.7%.
These revenues include the majority of the first half of property tax revenues. The increase in revenues
compared to budget is primarily due to the increase in building permit revenues and sales tax revenues.
During the month of April, 319 pet licenses were sold (as compared to 499 in 2012) resulting in $11,071
in revenue. Year-to-date, 1,575 licenses have been sold (compared to 2,067 in 2012) bringing in a total
of $45,581.
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 April, the Water fund had an operating loss of $17,200 (as compared to operating income of
$49,100 in the previous year). The Sewer fund ended with a $327,800 operating loss (compared to an
operating loss of $518,100 the previous year, excluding Metro); the Sewer-Metro Utility ended the period
with a net operating loss of $119,600; and the Storm Drainage fund ended with operating income of
$441,800 (as compared to an operating income of $340,000 the previous year).
The Golf Course ended the period with an operating loss of $304,700 compared to an operating loss of
$305,900 for the same period last year. Year-to-date rounds played at the Golf Course total 9,596
compared to 8,671 for the same period last year. The financial condition of the Cemetery improved over
the previous year, ending the period with $33,000 in net operating income compared to an operating loss
1
Agenda Subject: April 2013 Financial Report
Date: 6/4/2013
of $50,400 for the previous year. The improvement in the Cemetery reflects 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. By the end of the year,
revenues received from charges to internal client departments are projected to be sufficient to meet
expenses.
Investment Portfolio:
The City’s total cash and investments at the end of April was $109.0 million, compared to $105.2 million
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: Partridge Staff: Coleman
Meeting Date: June 17, 2013 Item Number:
2
Monthly Financial Report April 2013
General Fund 2012
Summary of Sources and Uses Annual
BudgetYTD BudgetYTD ActualYTD ActualAmountPercentage
Operating Revenues
Property Tax 14,299,417.005,887,300.005,710,247.424,775,059.09(177,052.58)-3.0%
Sales Tax 11,695,309.003,683,100.003,960,045.763,995,187.90276,945.76 7.5%
Sales Tax - Annexation Credit 1,397,602.00440,100.00524,309.64474,684.55 84,209.64 19.1%
Criminal Justice Sales Tax 1,225,059.00386,600.00484,627.08443,730.37 98,027.08 25.4%
Brokered Natural Gas Tax 301,500.00144,700.00 125,811.97 148,597.93 (18,888.03)-13.1%
City Utilities Tax 2,991,933.00930,400.001,122,747.17 856,941.52 192,347.17 20.7%
Admissions Tax 363,609.00 119,900.00 115,334.79 116,866.24 (4,565.21)-3.8%
Electric Tax 3,340,500.001,823,200.001,764,812.461,729,940.21 (58,387.54)-3.2%
Natural Gas Tax 1,201,900.00793,700.00684,536.61747,169.63(109,163.39)-13.8%
Cable TV Franchise Fee 808,000.00204,100.00 212,145.32400,940.99 8,045.32 3.9%
Cable TV Franchise Fee - Capital 62,000.00 15,600.00 15,820.88 31,507.88 220.88 1.4%
Telephone Tax 2,032,574.00698,200.00527,509.68 714,822.70(170,690.32)-24.4%
Garbage Tax (external)151,504.00 50,000.00 32,318.57 45,759.44 (17,681.43)-35.4%
Leasehold Excise Tax 50,501.00 12,800.00 10,374.01 10,066.68 (2,425.99)-19.0%
Gambling Excise Tax 247,965.00 93,400.00 134,119.20 125,730.35 40,719.20 43.6%
Taxes sub-total 40,169,373.0015,283,100.0015,424,760.5614,617,005.48141,660.56 0.9%
Business License Fees 202,005.00 92,100.00 92,576.00 110,014.50 476.00 0.5%
Building Permits 1,182,066.00262,900.00942,755.74362,082.36679,855.74 258.6%
Other Licenses & Permits 454,413.00 97,900.00219,072.30 99,416.61 121,172.30 123.8%
Intergovernmental (Grants, etc.) - (1)4,674,784.001,450,200.001,489,164.481,681,275.35 38,964.48 2.7%
Charges for Services:
General Government Services 94,467.00 32,900.00 40,670.20 43,796.86 7,770.20 23.6%
Public Safety 17,300.00 6,200.00 10,445.71 79,401.89 4,245.71 68.5%
Development Services Fees 832,458.00209,400.00402,448.69 316,678.79 193,048.69 92.2%
Culture and Recreation 809,717.00290,000.00305,736.60303,482.39 15,736.60 5.4%
Fines and Forfeits 1,556,500.00 585,300.00 487,671.30 562,180.78 (97,628.70)-16.7%
Fees/Charges/Fines sub-total9,823,710.003,026,900.003,990,541.023,558,329.53963,641.02 31.8%
Interests and Other Earnings 64,900.00 17,400.00 16,044.38 23,703.76 (1,355.62)-7.8%
Rents, Leases and Concessions 308,000.00 107,100.00 87,260.80 99,588.97 (19,839.20)-18.5%
Contributions and Donations 30,000.00 7,800.00 7,513.62 18,112.13 (286.38)-3.7%
Other Miscellaneous 92,200.00 15,900.00 22,609.22 21,391.05 6,709.22 42.2%
Transfers In 193,000.00193,000.00 119,548.00 17,000.00 (73,452.00)-38.1%
Insurance Recoveries- Capital & Operating 25,000.00 5,776.44 44,821.42 39,379.69 39,044.98 675.9%
Other Revenues sub-total 713,100.00346,976.44297,797.44219,175.60(49,179.00)-14.2%
Total Operating Revenues 50,706,183.0018,656,976.4419,713,099.0218,394,510.611,056,122.58 5.7%
Operating Expenditures
Council & Mayor 980,162.99 318,700.00334,499.77308,835.98 (15,799.77)-5.0%
Municipal Court & Probation 744,424.39224,900.00 123,271.12 929,481.34 101,628.88 45.2%
Human Resources 1,596,800.00499,700.00450,868.89267,868.29 48,831.11 9.8%
Finance 1,315,343.78433,400.00372,982.86346,463.82 60,417.14 13.9%
City Attorney 1,769,579.17583,200.00550,773.57 491,636.08 32,426.43 5.6%
Planning 3,972,214.941,324,071.651,268,919.041,209,273.71 55,152.61 4.2%
Community & Human Services 1,262,884.74484,600.00338,755.79 392,143.76 145,844.21 30.1%
Jail - SCORE 6,676,146.002,485,998.672,574,330.64286,979.45 (88,331.97)-3.6%
Police 19,468,675.216,325,500.006,035,584.325,917,374.44 289,915.68 4.6%
Engineering 2,800,821.47899,600.00853,076.99 811,751.68 46,523.01 5.2%
Parks and Recreation 7,882,428.412,471,400.002,528,556.052,324,749.20 (57,156.05)-2.3%
Streets 3,269,523.35927,300.00850,616.54 819,607.63 76,683.46 8.3%
Non-Departmental 3,379,636.001,166,545.33604,770.081,252,574.18 561,775.25 48.2%
Total Operating Expenditures 55,118,640.4518,144,915.6516,887,005.6615,358,739.561,257,909.99 6.9%
2013 2013 YTD Budget vs. Actual
Favorable (Unfavorable)
(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 four months of 2013,
$638,258.84 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 based upon actual distributions from the State.
3
Monthly Financial Report April 2013
Overview
This financial overview reflects the City’s overall financial position for the fiscal period ending
April 30, 2013 and represents financial data available as of May 21, 2013. The budgeted year-to-
date revenues and operating expenses are primarily based on collection/disbursement average for
the same period of the two years prior.
General Fund revenues totaled $19.7 million as of the end of April 2013 and compare to
previous year collections of $18.4 million and budget of $18.7 million. Improvement in General
Fund revenue performance is primarily due to continued strength in building permits and
development activity. Major projects currently underway in the City to date include the Auburn
High School Modernization project, the Franciscan Medical Pavilion, Green River Community
College Trades Building, as well as several subdivisions including The Ridge at Bowman Creek,
Lakeland East, and Kersey III.
General Fund expenses totaled $16.9 million or 31% of the annual budget (expectation is 33%).
Review of departmental line item activity indicates that all departments are operating within
expectations with the year-to-date savings due primarily to timing of expenditures.
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 total $5.7 million and compare to collections of $5.6 million for
the same period 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.
1 In 2012, property taxes totaled $5,565,093 and were distributed $4,775,059 to the General Fund and $790,034 to
the Local Street Fund (Fund 103). 4
Monthly Financial Report April 2013
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Property Taxes
2013 budget
2013 actual to date
2012 actual
* Per City Council policy, effective January 2013, $2.0 million in property tax revenue
will no longer be transferred to the Local Street Fund (Fund 103) for street repair and
maintenance. The graphic above presents property taxes under the current policy.
Sales tax distributions citywide totaled $4.5 million of which $4.0 million was distributed to the
General Fund and $512,000 to the Local Street Fund (SOS) program.*
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Sales & Use Tax
(Net of Revenue from Construction)
2013 budget
2013 actual to date
2012 actual
* Per City Council policy, effective January 2013, all sales tax revenue from construction
is transferred to the Local Street Fund (Fund 103) for street repair and maintenance.
Total transferred through April: $511,941. The graphic above presents sales taxes under
the current policy.
5
Monthly Financial Report April 2013
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.
20122013
Component GroupActualActualAmountPercentage
Construction 368,445.58511,940.61143,495.0338.9%
Manufacturing 75,316.86211,926.55136,609.69181.4%
Transportation & Warehousing15,618.4610,757.67(4,860.79)-31.1%
Wholesale Trade 412,436.05369,584.14(42,851.91)-10.4%
Automotive 897,433.62966,241.6068,807.987.7%
Retail Trade 1,312,888.811,406,392.2793,503.467.1%
Services 936,160.29999,924.2863,763.996.8%
Miscellaneous 12,697.2428,806.3616,109.12126.9%
YTD Total 4,030,996.914,505,573.48474,576.5711.8%
Change from 2012
April-2013
Comparison of Sales Tax Collections by SIC Group
2012 actuals for the Manufacturing sector include an adjustment of -$74,000 by the State Department of Revenue
as a result of an audit.
As shown above, the areas showing the largest amount of change include construction and
manufacturing, reflecting the increased level of construction activity and improvement in
consumer confidence. 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, totaled $512,000 and exceed budget by
$65,000.
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$0.2
$0.4
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$1.0
$1.2
$1.4
$1.6
JanFebMarAprMayJunJulAugSepOctNovDec
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Sales Tax on Construction Transfer
2013 budget
2013 actual to date
6
Monthly Financial Report April 2013
Utility Taxes consists of City inter-fund utility taxes (Water, Sewer, Storm and Solid Waste) and
external utility taxes (Electric, Natural Gas, Telephone and Solid Waste). Utility tax collections
through April were $4.1 million and are comparable to collections for the same period last year.
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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 year-over-year declines in electric and natural gas
revenue collections. Telephone utility taxes are lower than the previous year, reflecting the
timing of payments from telephone utility providers.
201220132013
Month ActualBudgetActualAmountPercentageAmountPercentage
City Interfund Utility Taxes856,941.52930,400.001,122,747.17265,805.6531.0%192,347.1720.7%
Electric 1,729,940.211,823,200.001,764,812.4634,872.252.0%(58,387.54)-3.2%
Natural Gas 747,169.63793,700.00684,536.61(62,633.02)-8.4%(109,163.39)-13.8%
Telephone 714,822.70698,200.00527,509.68(187,313.02)-26.2%(170,690.32)-24.4%
Garbage (external)45,759.4450,000.0032,318.57(13,440.87)-29.4%(17,681.43)-35.4%
YTD Total 4,094,633.504,295,500.004,131,924.4937,290.990.9%(163,575.51)-3.8%
April-2013
Utility Tax by Type
2013 vs. 2012 2013 vs. Budget
7
Monthly Financial Report April 2013
Cable TV Franchise Fees, which are collected quarterly, totaled $212,000 and are on target with
budget and historical actuals. The second quarter payment will be reflected in May’s financial
report due to timing of the receipt.
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
1st Quarter2nd Quarter3rd Quarter4th Quarter
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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 April was $943,000 and exceeds both budget
and prior year actual2. Total building permit revenue collected in the month of April totals
$183,000 and includes permitting for commercial projects such as Boeing and the Franciscan
Medical Pavilion, as well as numerous housing developments including The Ridge at Bowman
Creek, Vista Pointe, and Kendall Ridge.
2 A budget adjustment in the amount of $717,900 will be prepared and presented to Council for approval in June
(Budget Adjustment #2) to formally reflect the higher level of building permit revenues. 8
Monthly Financial Report April 2013
$0
$200
$400
$600
$800
$1,000
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$1,400
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$1,800
JanFebMarAprMayJunJulAugSepOctNovDec
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Building Permits
2013 budget
2013 actual to date
2012 actual
Business License revenues totaled $93,000 and reflect the timing of payments by business owners.
The majority of business license payments are collected in December of the previous year and
during the first two months of the current year.
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$50
$100
$150
$200
$250
JanFebMarAprMayJunJulAugSepOctNovDec
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Business Licenses
2013 budget
2013 actual to date
2012 actual
9
Monthly Financial Report April 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 $1.5 million and are running $39,000, or 2.7% higher than budget, due to
intergovernmental grant revenue collections.
State shared revenue includes $638,258.84 in actual and anticipated Streamlined Sales Tax mitigation payments.
201220132013
Revenue ActualBudgetActualAmount% ChangeAmount% Change
Federal Grants 128,731.895,200.0012,894.99(115,836.90)-90.0%7,694.99148.0%
State Grants 36,313.5839,200.0043,962.477,648.89 21.1%4,762.47 12.1%
Interlocal Grants 2,500.001,500.00 0.00(2,500.00)-100.0%(1,500.00)-100.0%
State Shared Revenue1,346,598.881,227,700.001,227,192.64(119,406.24)-8.9%(507.36)0.0%
Muckleshoot Casino Emerg.163,281.00175,000.00182,594.0019,313.00 11.8%7,594.00 4.3%
Intergovernmental Service3,850.001,600.0022,520.3818,670.38 0.0%20,920.381307.5%
YTD Total 1,681,275.351,450,200.001,489,164.48(192,110.87)-11.4%38,964.48 2.7%
April-2013
Intergovernmental
2013 vs. 2012 2013 vs. Budget
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 April exceed budget and prior year collections to date by $193,000 and $86,000
respectively. Development service fees collected this period reflect plan check fees related to
Boeing and the Franciscan Medical Pavilion, as well as several housing developments including
Vista Pointe, Kendall Ridge, and Brandon Meadows. Culture and recreation revenues are
$16,000 higher than budget; reflecting increased activity from City special events, senior citizen
programs, recreational class registrations and league enrollments. 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 ActualBudgetActualAmountPercentageAmountPercentage
General Government43,796.8632,900.0040,670.20(3,126.66)-7.14%7,770.2023.62%
Public Safety 79,401.896,200.0010,445.71(68,956.18)-86.8%4,245.7168.5%
Development Services316,678.79209,400.00402,448.6985,769.9027.1%193,048.6992.2%
Culture & Recreation303,482.39290,000.00305,736.602,254.210.7%15,736.605.4%
YTD Total743,359.93538,500.00759,301.2015,941.272.1%220,801.2041.0%
April-2013
Charges for Services by Type
2013 vs. 20122013 vs. Budget
10
Monthly Financial Report April 2013
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$200
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$1,400
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Development Service Fees
2013 budget
2013 actual to date
2012 actual
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
$1,000
JanFebMarAprMayJunJulAugSepOctNovDec
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Culture & Recreation
2013 budget
2013 actual to date
2012 actual
11
Monthly Financial Report April 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 $488,000
compared to budget of $585,000 due primarily to civil infraction penalties, which are running
below budget due, in part, to fewer filings at the court.
201220132013
Month ActualBudgetActualAmountPercentageAmountPercentage
Civil Penalties 5,654.705,000.004,874.68(780.02)-13.8%(125.32)-2.5%
Civil Infraction Penalties229,805.53248,700.00161,432.75(68,372.78)-29.8%(87,267.25)-35.1%
Red Light Photo Enforcemen 200,707.84190,300.00198,156.93(2,550.91)-1.3%7,856.934.1%
Parking Infractions 38,579.8758,900.0044,406.495,826.6215.1%(14,493.51)-24.6%
Criminal Traffic Misdemeano 34,747.6131,000.0019,322.97(15,424.64)-44.4%(11,677.03)-37.7%
Criminal Non-Traffic Fines33,592.8933,600.0024,010.04(9,582.85)-28.5%(9,589.96)-28.5%
Criminal Costs 5,596.074,500.008,710.093,114.0255.6%4,210.0993.6%
Non-Court Fines & Penalties13,496.2713,300.0026,757.3513,261.0898.3%13,457.35101.2%
YTD Total 562,180.78585,300.00487,671.30(74,509.48)-13.3%(97,628.70)-16.7%
April-2013
Fines & Forfeits by Type
2013 vs. 20122013 vs. Budget
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$0.2
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$0.6
$0.8
$1.0
$1.2
$1.4
$1.6
$1.8
JanFebMarAprMayJunJulAugSepOctNovDec
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Fines & Penalties
2013 budget
2013 actual to date
2012 actual
12
Monthly Financial Report April 2013
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Photo Enforcement
2013 budget
2013 actual to date
2012 actual
Miscellaneous revenues primarily consist of income from facility rentals; other sources within this
category include investment earnings, contributions & donations and other miscellaneous income.
Revenues in this category totaled $133,000 and were below budget by $15,000 primarily due to
reduced facility rental revenues. Reduced rental revenues are partially attributable to reduced
usage of the turf fields at Game Farm Park as well as the timing of payments from ball field fees.
201220132013
Month ActualBudgetActualAmountPercentageAmountPercentage
Interest & Investments 23,703.7617,400.0016,044.38(7,659.38)-32.3%(1,355.62)-7.8%
Rents & Leases 99,588.97107,100.0087,260.80(12,328.17)-12.4%(19,839.20)-18.5%
Contributions & Donations18,112.137,800.007,513.62(10,598.51)-58.5%(286.38)-3.7%
Other Miscellaneous Revenue21,391.0515,900.0022,609.221,218.175.7%6,709.2242.2%
YTD Total 162,795.91148,200.00133,428.02(29,367.89)-18.0%(14,771.98)-10.0%
Miscellaneous Revenues by Type
April-2013
2013 vs. 20122013 vs. Budget
13
Monthly Financial Report April 2013
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 April was $489,000
and exceeds budget and prior year actuals by $101,000 and $61,000 respectively, reflecting local
and regional improvement in real estate transactions.
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$1.6
$1.8
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Real Estate Excise Tax
2013 budget
2013 actual to date
2012 actual
14
Monthly Financial Report April 2013
Pet Licensing
During the month of April, 319 pet licenses were sold resulting in $11,071 in revenue. Year-to-
date, 1,575 licenses have been sold bringing in a total of $45,581. At the Council’s request, the
number of pet licenses sold in the previous year is added to the following graphic (499 April
2012, 2,067 year-to-date 2012).
0
100
200
300
400
500
600
700
800
900
1000
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
$18,000
JanFebMarAprMayJunJulAugSepOctNovDec
Pet Licensing Revenue & Sales By Month
2013 vs 2012
2013 License Revenue (L)
2013 Licenses Sold (R)
2012 Licenses Sold (R)
Enterprise Funds
The detailed Working Capital and Fund Balance statements for Enterprise and Internal Service
funds can be found in the Appendix at the end of this Report.
The Water Utility ended April with a $17,200 net operating loss and compares to $49,100 in net
operating income for the same period in 2012.
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
JanFebMarAprMayJunJulAugSepOctNovDec
Water Revenues vs Water Sold
2013 vs 2012
2012 Water Sales ($)
2013 Water Sales ($)
2012 Water Sold (ccf)
2013 Water Sold (ccf)
15
Monthly Financial Report April 2013
The Sewer Utility ended the period with a $327,800 net operating loss and compares to a
$518,100 net loss for the same period in 2012 (excluding Metro wastewater treatment revenues
and expenses, which are now being tracked separately in the Sewer-Metro fund). The Sewer-
Metro Utility ended April with a net operating loss of $119,600.
The Stormwater Utility ended the period with $441,800 in net operating income which
compares to $340,000 in net income for the same period last year.
The number of rounds played at the Auburn Golf Course (AGC) in April totaled 4,007 which
compares to 3,920 for the same period last year. Year-to-date rounds total 9,596 compared to
8,671 rounds in 2012. The AGC ended April with a net operating loss of $304,700 compared to
a loss of $305,900 for the same period last year.
0
50,000
100,000
150,000
200,000
250,000
300,000
JanFebMarAprMayJunJulAugSepOctNovDec
Golf Course Operating Revenues & Expenses By Month
2013 vs 2012
2013 Bud. Revenue
2013 Act. Revenue
2012 Act. Revenue
2013 Act. Expenses
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
JanFebMarAprMayJunJulAugSepOctNovDec
Cumulative Golf Course Revenues & Expenses
2013 vs 2012
2013 Bud. Revenue
2013 Act. Revenue
2012 Act. Revenue
2013 Act. Expenses
16
Monthly Financial Report April 2013
The Cemetery Fund ended April with $33,000 in net operating income compared to a $50,400
net operating loss for the same period last year which reflects a decline in Cemetery operating
expenses and an increase in operating revenue. In April, the number of interments at the
Cemetery totaled 12 (5 burials, 7 cremations) which compares to 18 (7 burials, 11 cremations) for
the same period last year. Year-to-date interments total 70 (37 burials, 33 cremations) compared
to 77 (36 burials, 41 cremations) in 2012.
0
20,000
40,000
60,000
80,000
100,000
120,000
JanFebMarAprMayJunJulAugSepOctNovDec
Cemetery Operating Revenues & Expenses By Month
2013 vs 2012
2013 Bud. Revenue
2013 Act. Revenue
2012 Act. Revenue
2013 Act. Expenses
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
JanFebMarAprMayJunJulAugSepOctNovDec
Cumulative Cemetery Revenues & Expenses
2013 vs 2012
2013 Bud. Revenue
2013 Act. Revenue
2012 Act. Revenue
2013 Act. Expenses
17
Monthly Financial Report April 2013
Internal Service Funds
Operating expenses 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. The Innovation & Technology Fund ended
with a net loss, reflecting the timing of expenses. No significant variances are reported in the
Facilities Fund or Equipment Rental Fund. Both funds have had sufficient revenues to cover year-
to-date expenses.
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.
18
SALES TAX SUMMARY
APRIL 2013 SALES TAX DISTRIBUTIONS (FOR FEBRUARY 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 - Feb '12)(Nov '12 - Feb '13)% Diff NAICS AUTOMOTIVE (Nov '11-Oct '12)(Nov '11 - Feb '12)(Nov '12 - Feb '13)% Diff
236 Construction of Buildings 483,408.87 133,765.93 225,960.83 68.9%441 Motor Vehicle and Parts Dealer 2,795,163.85 824,742.06 887,816.84 7.6%
237 Heavy and Civil Construction 114,822.92 48,480.87 26,717.18 -44.9%447 Gasoline Stations 223,463.26 72,691.56 78,424.76 7.9%
238 Specialty Trade Contractors 622,980.45 186,198.78 259,262.60 39.2%TOTAL AUTOMOTIVE 3,018,627.11$ 897,433.62$ 966,241.60$ 7.7%
TOTAL CONSTRUCTION 1,221,212.24$ 368,445.58$ 511,940.61$ 38.9%Overall Change from Previous Year 68,807.98$
Overall Change from Previous Year 143,495.03$
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 - Feb '12)(Nov '12 - Feb '13)% Diff
NAICS MANUFACTURING (Nov '11-Oct '12)(Nov '11 - Feb '12)(Nov '12 - Feb '13)% Diff 442 Furniture and Home Furnishings 226,308.94 76,243.99 79,755.31 4.6%
311 Food Manufacturing 2,932.07 1,148.99 448.35 -61.0%443 Electronics and Appliances 145,390.62 49,943.20 58,271.76 16.7%
312 Beverage and Tobacco Products 5,855.42 1,272.60 2,553.03 100.6%444 Building Material and Garden 425,493.64 111,807.88 120,376.04 7.7%
313 Textile Mills 569.85 41.32 45.62 10.4%445 Food and Beverage Stores 341,378.74 109,382.65 104,133.65 -4.8%
314 Textile Product Mills 4,456.85 1,901.19 979.71 -48.5%446 Health and Personal Care Store 148,812.47 54,713.37 52,893.77 -3.3%
315 Apparel Manufacturing 217.67 160.47 166.40 3.7%448 Clothing and Accessories 772,153.02 264,812.17 309,096.31 16.7%
316 Leather and Allied Products 58.91 44.79 2.43 -94.6%451 Sporting Goods, Hobby, Books 120,507.49 46,236.73 46,800.12 1.2%
321 Wood Product Manufacturing 31,417.29 5,902.36 28,739.01 386.9%452 General Merchandise Stores 967,039.39 353,511.03 352,792.64 -0.2%
322 Paper Manufacturing 3,943.50 1,355.29 1,152.24 -15.0%453 Miscellaneous Store Retailers 508,326.14 153,978.08 170,478.99 10.7%
323 Printing and Related Support 28,275.22 11,886.19 7,209.07 -39.3%454 Nonstore Retailers 268,502.71 92,259.71 111,793.68 21.2%
324 Petroleum and Coal Products 10,532.00 2,316.46 3,624.21 56.5%TOTAL RETAIL TRADE 3,923,913.16$ 1,312,888.81$ 1,406,392.27$ 7.1%
325 Chemical Manufacturing 8,088.54 1,682.86 2,568.21 52.6%Overall Change from Previous Year 93,503.46$
326 Plastics and Rubber Products 9,468.87 3,337.12 3,189.33 -4.4%
327 Nonmetallic Mineral Products 17,323.71 4,001.46 5,374.59 34.3%
331 Primary Metal Manufacturing 1,765.68 1,111.19 165.82 -85.1%2012 Annual Total 2012 YTD 2013 YTD YTD
332 Fabricated Metal Product Manuf 24,964.99 4,039.26 18,221.26 351.1%NAICS SERVICES (Nov '11-Oct '12)(Nov '11 - Feb '12)(Nov '12 - Feb '13)% Diff
333 Machinery Manufacturing 12,890.22 4,741.32 3,866.71 -18.4%51*Information 396,353.38 129,285.57 142,301.39 10.1%
334 Computer and Electronic Produc 10,260.16 2,517.62 3,871.03 53.8%52*Finance and Insurance 53,290.56 b 4,648.82 33,354.30 617.5%
335 Electric Equipment, Appliances 426.32 191.85 240.92 25.6%53*Real Estate, Rental, Leasing 326,259.42 106,461.80 92,652.12 -13.0%
336 Transportation Equipment Man 187,175.19 a 16,235.10 113,731.61 600.5%541 Professional, Scientific, Tech 173,274.20 57,378.71 54,967.51 -4.2%
337 Furniture and Related Products 18,721.33 4,992.23 7,529.89 50.8%551 Company Management 15.78 4.15 0.51 -87.7%
339 Miscellaneous Manufacturing 25,368.10 6,437.19 8,247.11 28.1%56*Admin. Supp., Remed Svcs 334,354.06 85,127.68 108,306.95 27.2%
TOTAL MANUFACTURING 404,711.89$ 75,316.86$ 211,926.55$ 181.4%611 Educational Services 53,671.83 15,479.80 14,286.43 -7.7%
Overall Change from Previous Year 136,609.69$ 62*Health Care Social Assistance 114,832.81 12,753.47 23,446.73 83.8%
71*Arts and Entertainment 153,417.34 77,513.35 75,091.86 -3.1%
72*Accomodation and Food Svcs 920,555.95 285,287.32 304,119.11 6.6%
2012 Annual Total 2012 YTD 2013 YTD YTD 81*Other Services 388,278.72 126,651.59 123,408.25 -2.6%
NAICS TRANSPORTATION AND WAREHOUSING (Nov '11-Oct '12)(Nov '11 - Feb '12)(Nov '12 - Feb '13)% Diff 92*Public Administration 142,187.99 35,568.03 27,989.12 -21.3%
481 Air Transportation 0.00 0.00 0.00 N/A TOTAL SERVICES 3,056,492.04$ 936,160.29$ 999,924.28$ 6.8%
482 Rail Transportation 19,181.85 2,896.72 6,213.79 114.5%Overall Change from Previous Year 63,763.99$
484 Truck Transportation 10,245.48 4,824.91 c (8,013.71)-266.1%
485 Transit and Ground Passengers 268.22 215.11 88.36 -58.9%
488 Transportation Support 18,841.37 5,352.68 7,028.15 31.3%2012 Annual Total 2012 YTD 2013 YTD YTD
491 Postal Service 470.02 78.09 309.22 296.0%NAICS MISCELLANEOUS (Nov '11-Oct '12)(Nov '11 - Feb '12)(Nov '12 - Feb '13)% Diff
492 Couriers and Messengers 568.35 243.44 255.80 5.1%000 Unknown 1.04 1.04 0.00 -100.0%
493 Warehousing and Storage 5,376.49 2,007.51 4,876.06 142.9%111-115 Agriculture, Forestry, Fishing 2,868.29 505.75 1,354.59 167.8%
TOTAL TRANSPORTATION 54,951.78$ 15,618.46$ 10,757.67$ -31.1%211-221 Mining & Utilities 30,228.91 6,324.71 5,270.88 -16.7%
Overall Change from Previous Year (4,860.79)$ 999 Unclassifiable Establishments 27,601.09 5,865.74 22,180.89 278.1%
TOTAL SERVICES 60,699.33$ 12,697.24$ 28,806.36$ 126.9%
Overall Change from Previous Year 16,109.12$
2012 Annual Total 2012 YTD 2013 YTD YTD
NAICS WHOLESALE TRADE (Nov '11-Oct '12)(Nov '11 - Feb '12)(Nov '12 - Feb '13)% Diff
423 Wholesale Trade, Durable Goods 1,137,932.04 362,993.27 318,177.10 -12.3%GRAND TOTAL 13,037,325.52$ 4,030,996.91$ 4,505,573.48$
424 Wholesale Trade, Nondurable 153,721.30 47,857.72 50,379.02 5.3%Overall Change from Previous Year 474,576.57$ 11.8%
425 Wholesale Electronic Markets 5,064.63 1,585.06 1,028.02 -35.1%
TOTAL WHOLESALE 1,296,717.97$ 412,436.05$ 369,584.14$ -10.4%
Overall Change from Previous Year (42,851.91)$
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: -$11,382).
04/22/13 file:Monthly Sales Tax Report.xls
Prepared by Auburn Finance Department
19
Investment Purchase Purchase Maturity Yield to
Type Date Price Date Maturity
State Investment Pool Various 94,296,942$ Various 0.17%
KeyBank Money Market Various 11,651,742 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%
Total Cash & Investments 109,006,433$ 0.175%
Investment Mix % of Total
State Investment Pool 86.5%Current 6-month treasury rate 0.11%
KeyBank Money Market 10.7%Current State Pool rate 0.17%
US Treasury 0.1%KeyBank Money Market 0.15%
FFCB 2.8%Blended Auburn rate 0.18%
100.0%
City of Auburn
Investment Portfolio Summary
April 30, 2013
Summary
20
INNOVATION EQUIPMENT
& TECHNOLOGY RENTAL
OPERATING REVENUES
Charges For Service 3,245,157.46 2,179,144.76 - 2,694,646.54 4,279,826.30 5,067.50 313,368.77 182,295.03 - - - -
Interfund Charges For Service - - - - - - - - - 1,163,264.00 1,592,560.00 978,291.87
Sewer Metro Service Revenue - - 4,678,524.54 - - - - - - - - -
Rents, Leases, Concessions, & Other - - - - - 198,722.09 - 86,835.15 - 43,076.74 28,820.00 -
TOTAL OPERATING REVENUES 3,245,157.46 2,179,144.76 4,678,524.54 2,694,646.54 4,279,826.30 203,789.59 313,368.77 269,130.18 - 1,206,340.74 1,621,380.00 978,291.87
OPERATING EXPENSES
Salaries & Wages 739,401.99 500,717.21 - 634,157.45 129,825.04 6,631.73 124,852.46 186,396.48 - 213,732.68 462,037.88 154,373.56
Benefits 334,616.70 217,246.33 - 278,063.70 58,280.04 2,240.11 61,770.33 92,930.92 - 95,332.00 188,304.23 68,587.58
Supplies 55,110.87 11,323.74 - 11,745.01 25,458.01 285.70 40,137.82 96,938.52 - 32,271.48 78,630.10 251,063.20
Other Service Charges 997,985.65 824,588.53 - 382,325.63 343,404.30 181,070.56 15,615.85 40,001.56 765,007.90 379,785.15 694,572.60 114,225.59
Intergovernmental Services - 931.65 - 9,580.65 102,967.56 - - - - - - -
Waste Management Payments - - - - 2,493,329.71 - - - - - - -
Sewer Metro Services - - 4,798,159.88 - - - - - - - - -
Interfund Operating Rentals & Supplies 369,753.74 323,362.43 - 427,995.02 60,300.00 - 18,732.00 54,832.00 - 39,736.00 100,568.00 82,522.37
Other Expenses - - - - - - - - - - - -
Depreciation & Amortization 765,471.29 628,774.52 - 508,982.21 6,273.10 134,586.08 19,227.82 102,720.47 - - 154,534.81 256,010.79
TOTAL OPERATING EXPENSES 3,262,340.24 2,506,944.41 4,798,159.88 2,252,849.67 3,219,837.76 324,814.18 280,336.28 573,819.95 765,007.90 760,857.31 1,678,647.62 926,783.09
OPERATING INCOME (LOSS)(17,182.78) (327,799.65) (119,635.34) 441,796.87 1,059,988.54 (121,024.59) 33,032.49 (304,689.77) (765,007.90) 445,483.43 (57,267.62) 51,508.78
NON-OPERATING REVENUES & EXPENSES
Interest Revenue 7,978.19 7,137.76 1.86 6,795.10 404.52 549.46 128.52 181.72 669.68 962.51 1,629.65 3,080.73
Contributions - - - - 4,190.72 25,796.53 - - - 35,860.00 - -
Other Non-Operating Revenue 14,097.02 110,107.85 - 1,808.50 360.00 675.00 - - - - 32,343.98
Gain (Loss) On Sale Of Fixed Assets - - - - - - - - - - - 4,000.00
Debt Service Interest (73,267.20) - - (53,055.55) - - - - - - - -
Other Non-Operating Expense - - - - - - - - - - - -
TOTAL NON-OPERATING REVENUES & EXPENSES (51,191.99) 117,245.61 1.86 (44,451.95) 4,955.24 27,020.99 128.52 181.72 669.68 36,822.51 1,629.65 39,424.71
PLUS ITEMS NOT EFFECTING WORKING CAPITAL
Depreciation 765,471.29 628,774.52 - 508,982.21 6,273.10 134,586.08 19,227.82 102,720.47 - - 154,534.81 256,010.79
NET WORKING CAPITAL FROM OPERATIONS 697,096.52 418,220.48 (119,633.48) 906,327.13 1,071,216.88 40,582.48 52,388.83 (201,787.58) (764,338.22) 482,305.94 98,896.84 346,944.28
Increase In Contributions - System Development 1 159,984.00 2,162,746.75 - 177,041.43 - - - - - - - -
Increase In Contributions - Area Assessments - 2,253.61 - - - - - - - - - -
Increase In Contributions - Other Governments - - - - - - - - - - - -
Increase In Contributions - Other Funds - - - - - - - - - - - -
Increase In Contributions - FAA - - - - - - - - - - - -
Proceeds of Debt Activity 7,230,233.14 - - 5,235,686.06 - - - - - - - -
Operating Transfers In - - - - - - - 9,114.75 - - - -
Increase In Restricted Net Assets 7,453.82 25,709.66 - - - 5,289.68 - - - - - -
Decrease In Long-Term Receivables - - - - - - - - - - - -
Increase In Deferred Credits - - - - - 4,916.29 - - - - - -
TOTAL RESOURCES OTHER THAN OPERATIONS 7,397,670.96 2,190,710.02 - 5,412,727.49 - 10,205.97 - 9,114.75 - - - -
Net Change In Restricted Net Assets 496,597.14 1,460,411.34 (1,460,182.19) 351,276.81 - 5,289.68 - (4,778.83) - - - -
Increase In Fixed Assets - Salaries 99,409.82 13,699.54 - 43,315.58 - - - - - - - -
Increase In Fixed Assets - Benefits 40,045.34 5,537.88 - 18,623.66 - - - - - - - -
Increase In Fixed Assets - Site Improvements 14,804.90 - - 11,782.20 - - - - - - - 8,470.78
Increase In Fixed Assets - Equipment - - - 17,960.19 - - - - - - 12,919.60 13,115.91
Increase In Fixed Assets - Construction 1,541,698.10 69,135.46 - 576,349.24 - 33,250.58 - - - - - -
Operating Transfers Out 50,000.00 50,000.00 - 50,000.00 - - - - - 320,875.61 - 7,000.00
Debt Service Principal - - - - - - - - - - - -
TOTAL USES OTHER THAN OPERATIONS 2,242,555.30 1,598,784.22 (1,460,182.19) 1,069,307.68 - 38,540.26 - (4,778.83) - 320,875.61 12,919.60 28,586.69
NET CHANGE IN WORKING CAPITAL 5,852,212.18 1,010,146.28 1,340,548.71 5,249,746.94 1,071,216.88 12,248.19 52,388.83 (187,894.00) (764,338.22) 161,430.33 85,977.24 318,357.59
BEGINNING WORKING CAPITAL - January 1, 2013 10,196,281.10 12,072,579.09 - 10,218,848.21 1,018,487.34 818,912.00 182,098.05 90,691.62 2,028,681.08 1,473,040.96 2,885,527.19 5,559,564.94
ENDING WORKING CAPITAL - April 30, 2013 16,048,493.28 13,082,725.37 1,340,548.71 15,468,595.15 2,089,704.22 831,160.19 234,486.88 (97,202.38) 1,264,342.86 1,634,471.29 2,971,504.43 5,877,922.53
NET CHANGE IN WORKING CAPITAL 5,852,212.18 1,010,146.28 1,340,548.71 5,249,746.94 1,071,216.88 12,248.19 52,388.83 (187,894.00) (764,338.22) 161,430.33 85,977.24 318,357.59
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
21
INNOVATION EQUIPMENT
& TECHNOLOGY RENTAL
OPERATING REVENUES
Charges For Service 3,245,157.46 2,179,144.76 - 2,694,646.54 4,279,826.30 5,067.50 313,368.77 182,295.03 - - - -
Interfund Charges For Service - - - - - - - - - 1,163,264.00 1,592,560.00 978,291.87
Sewer Metro Service Revenue - - 4,678,524.54 - - - - - - - - -
Rents, Leases, Concessions, & Other - - - - - 198,722.09 - 86,835.15 - 43,076.74 28,820.00 -
TOTAL OPERATING REVENUES 3,245,157.46 2,179,144.76 4,678,524.54 2,694,646.54 4,279,826.30 203,789.59 313,368.77 269,130.18 - 1,206,340.74 1,621,380.00 978,291.87
OPERATING EXPENSES
Administration 911,281.65 680,914.96 - 888,332.18 243,542.82 189,895.69 81,140.31 77,108.72 765,007.90 - - 273,833.39
Operations & Maintenance 1,585,587.30 1,197,254.93 - 855,535.28 476,692.13 332.41 179,968.15 393,990.76 - 760,857.31 1,524,112.81 396,938.91
Waste Management Payments - - - - 2,493,329.71 - - - - - - -
Sewer Metro Services - - 4,798,159.88 - - - - - - - - -
Depreciation & Amortization 765,471.29 628,774.52 - 508,982.21 6,273.10 134,586.08 19,227.82 102,720.47 - - 154,534.81 256,010.79
TOTAL OPERATING EXPENSES 3,262,340.24 2,506,944.41 4,798,159.88 2,252,849.67 3,219,837.76 324,814.18 280,336.28 573,819.95 765,007.90 760,857.31 1,678,647.62 926,783.09
OPERATING INCOME (LOSS)(17,182.78) (327,799.65) (119,635.34) 441,796.87 1,059,988.54 (121,024.59) 33,032.49 (304,689.77) (765,007.90) 445,483.43 (57,267.62) 51,508.78
NON-OPERATING REVENUES & EXPENSES
Interest Revenue 7,978.19 7,137.76 1.86 6,795.10 404.52 549.46 128.52 181.72 669.68 962.51 1,629.65 3,080.73
Other Non-Operating Revenue 14,097.02 110,107.85 - 1,808.50 4,550.72 26,471.53 - - - 35,860.00 - 32,343.98
Gain (Loss) On Sale Of Fixed Assets - - - - - - - - - - - 4,000.00
Other Non-Operating Expense (73,267.20) - - (53,055.55) - - - - - - - -
TOTAL NON-OPERATING REVENUES & EXPENSES (51,191.99) 117,245.61 1.86 (44,451.95) 4,955.24 27,020.99 128.52 181.72 669.68 36,822.51 1,629.65 39,424.71
(68,374.77) (210,554.04) (119,633.48) 397,344.92 1,064,943.78 (94,003.60) 33,161.01 (304,508.05) (764,338.22) 482,305.94 (55,637.97) 90,933.49
Contributions 1 159,984.00 2,165,000.36 - 177,041.43 - - - - - - - -
Transfers In - - - - - - - 9,114.75 - - - -
Transfers Out (50,000.00) (50,000.00) - (50,000.00) - - - - - (320,875.61) - (7,000.00)
TOTAL CONTRIBUTIONS & TRANSFERS 109,984.00 2,115,000.36 - 127,041.43 - - - 9,114.75 - (320,875.61) - (7,000.00)
CHANGE IN FUND BALANCE 41,609.23 1,904,446.32 (119,633.48) 524,386.35 1,064,943.78 (94,003.60) 33,161.01 (295,393.30) (764,338.22) 161,430.33 (55,637.97) 83,933.49
BEGINNING FUND BALANCE - January 1, 2013 67,719,034.00 74,779,493.00 - 49,964,488.00 1,128,442.00 9,439,263.00 872,103.00 8,578,904.00 2,028,681.00 1,415,971.00 4,069,294.00 10,502,921.00
ENDING FUND BALANCE - April 30, 2013 67,760,643.23 76,683,939.32 (119,633.48) 50,488,874.35 2,193,385.78 9,345,259.40 905,264.01 8,283,510.70 1,264,342.78 1,577,401.33 4,013,656.03 10,586,854.49
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
22