HomeMy WebLinkAboutJune 2013
AGENDA BILL APPROVAL FORM
Agenda Subject: June 2013 Financial Report
Date: August 8, 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 June status report is based on financial data available as of July 23, 2013 for the period ending June
30, 2013. Sales tax information represents business activity that occurred in April 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 June 2013, general fund revenues totaled $27.7 million and were sufficient to support total
general fund expenses of $25.5 million. General fund revenues exceeded budget by $1.4 million, or 5.4%
primarily due to increases in building permit revenues, sales tax revenues and City utility tax revenues.
General Fund expenditures were below budget by $3.0 million, or 10.4%, reflecting the timing of
payments.
During the month of June, 460 pet licenses were sold (as compared to 466 in 2012) resulting in $15,290
in revenue. Year-to-date, 2,619 licenses have been sold (compared to 2,991 in 2012) bringing in a total
of $77,295.
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 June, the Water fund had net operating income of $134,700 (as compared to a loss of
$27,600 in the previous year). The Sewer fund ended with a $392,100 operating loss (compared to an
operating loss of $812,300 the previous year, excluding Metro); the Sewer-Metro Utility ended the period
with a net operating loss of $52,900; and the Stormwater Utility ended with operating income of $630,300
(as compared to operating income of $335,900 the previous year).
The Golf Course ended the period with an operating loss of $239,200 compared to an operating loss of
$296,100 for the same period last year and reflects an improvement in the year-to-date rounds played at
the Golf Course (22,195 compared to 20,089 for the same period last year). The Cemetery ended June
with a net operating loss of $3,100 compared to an operating loss of $148,800 for the previous year,
reflecting an increase in operating revenue and a decrease in salaries/benefits expenditures.
1
Agenda Subject: June 2013 Financial Report
Date: 8/8/2013
Internal Serivce 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 June was $109.9 million and compares to $110.3
million the month prior.
Reviewed by Council & Committees: Reviewed by Departments & Divisions:
Arts Commission COUNCIL COMMITTEES: Building M&O
Airport Finance Cemetery Mayor
Hearing Examiner Municipal Serv. Finance Parks
Human Services Planning & CD Fire Planning Park Board Public Works Legal Police
Planning Comm. Other Public Works Human Resources
Information Services
Action:
Committee Approval: Yes No
Council Approval: Yes No Call for Public Hearing ___/___/____
Referred to _________________________________ Until ____/___/____
Tabled ______________________________________ Until ___/___/____
Councilmember: Partridge Staff: Coleman
Meeting Date: August 19, 2013 Item Number:
2
Monthly Financial Report June 2013
General Fund 2012
Summary of Sources and Uses Annual
Budget YTD BudgetYTD ActualYTD Actual Amount
Operating Revenues
Property Tax 14,299,417.00$ 7,467,100.00$ 7,554,839.73$ 6,716,276.75$ 87,739.73$ 1.2 %
Sales Tax 11,695,309.00 5,651,900.00 6,022,741.91 6,125,054.21 370,841.916.6 %
Sales Tax - Annexation Credit 1,397,602.00 669,400.00 800,827.65 724,047.90 131,427.6519.6 %
Criminal Justice Sales Tax 1,225,059.00 593,000.00 726,618.86 665,827.91 133,618.8622.5 %
Brokered Natural Gas Tax 301,500.00 196,900.00 172,730.43 202,087.11 (24,169.57)(12.3)%
City Utilities Tax 2,991,933.00 1,429,300.00 1,656,266.21 1,304,579.82 226,966.2115.9 %
Admissions Tax 363,609.00 137,700.00 130,125.40 136,667.09 (7,574.60)(5.5)%
Electric Tax 3,340,500.00 1,823,200.00 1,764,812.46 1,729,940.21 (58,387.54)(3.2)%
Natural Gas Tax 1,201,900.00 793,700.00 686,121.27 747,169.63(107,578.73)(13.6)%
Cable TV Franchise Fee 808,000.00 403,400.00 423,065.27 400,940.99 19,665.274.9 %
Cable TV Franchise Fee - Capital 62,000.00 31,100.00 31,529.64 31,507.88 429.641.4 %
Telephone Tax 2,032,574.00 1,004,800.00 868,991.18 957,908.31(135,808.82)(13.5)%
Garbage Tax (external)151,504.00 79,200.00 49,278.79 62,242.21 (29,921.21)(37.8)%
Leasehold Excise Tax 50,501.00 22,800.00 19,044.90 19,705.58 (3,755.10)(16.5)%
Gambling Excise Tax 247,965.00 120,200.00 138,629.99 130,594.17 18,429.99 15.3 %
Taxes sub-total 40,169,373.0020,423,700.0021,045,623.6919,954,549.77621,923.693.0 %
Business License Fees 202,005.00 103,400.00 103,077.00 121,355.50 (323.00)(0.3)%
Building Permits 1,899,966.00 876,500.00 1,305,733.51 638,701.73 429,233.5149.0 %
Other Licenses & Permits 454,413.00 165,400.00 346,489.57 163,473.30 181,089.57109.5 %
Intergovernmental (Grants, etc.) - (1)4,661,784.00 2,286,900.002,374,040.03 2,697,230.34 87,140.033.8 %
Charges for Services:
General Government Services 94,467.00 46,800.00 51,839.40 61,157.54 5,039.4010.8 %
Public Safety 17,300.00 9,700.00 13,615.02 123,614.58 3,915.0240.4 %
Development Services Fees 963,458.00 483,800.00 678,789.30 449,759.12 194,989.3040.3 %
Culture and Recreation 809,717.00 473,600.00 494,259.63 508,195.54 20,659.634.4 %
Fines and Forfeits 1,556,500.00 861,400.00 742,760.86 827,346.14 (118,639.14)(13.8)%
Fees/Charges/Fines sub-total10,659,610.005,307,500.006,110,604.325,590,833.79803,104.3215.1 %
Interests and Other Earnings 64,900.00 31,300.00 23,920.41 45,498.76 (7,379.59)(23.6)%
Rents, Leases and Concessions 308,000.00 180,300.00 184,868.03 190,462.04 4,568.032.5 %
Contributions and Donations 41,000.00 18,400.00 27,508.79 26,052.45 9,108.7949.5 %
Other Miscellaneous 92,200.00 29,500.00 33,176.91 38,713.46 3,676.9112.5 %
Transfers In 267,000.00 267,000.00 193,548.00 17,000.00 (73,452.00)(27.5)%
Insurance Recoveries- Capital & Operating 25,000.00 7,603.51 56,042.01 50,612.47 48,438.50 637.1 %
Other Revenues sub-total 798,100.00 534,103.51 519,064.15 368,339.18(15,039.36)(2.8)%
Total Operating Revenues 51,627,083.00$ 26,265,303.51$ 27,675,292.16$ 25,913,722.74$ 1,409,988.65$ 5.4 %
Operating Expenditures
Council & Mayor 980,162.99$ 469,400.00$ 504,870.33$ 435,684.95$ (35,470.33)$ (7.6)%
Municipal Court & Probation 744,424.39 351,300.00 184,008.44 1,456,651.77 167,291.56 47.6 %
Human Resources 1,596,800.00 757,600.00 690,245.48 397,222.02 67,354.52 8.9 %
Finance 1,315,343.78 679,300.00 601,114.91 558,336.96 78,185.09 11.5 %
City Attorney 1,836,346.17 950,100.00 987,778.40 810,779.89 (37,678.40)(4.0)%
Planning 4,007,214.94 2,003,607.47 1,894,188.85 1,978,767.00 109,418.62 5.5 %
Community & Human Services 1,272,579.74 639,800.00 501,722.19 492,134.21 138,077.81 21.6 %
Jail - SCORE 7,046,419.00 3,523,209.50 3,426,651.10 2,028,020.18 96,558.40 2.7 %
Police 19,878,567.21 9,690,300.009,240,696.32 8,957,134.26449,603.68 4.6 %
Engineering 2,836,440.40 1,386,800.00 1,273,989.37 1,247,497.82 112,810.63 8.1 %
Parks and Recreation 8,062,493.41 3,942,800.00 3,961,901.72 3,590,713.12 (19,101.72)(0.5)%
Streets 3,273,353.35 1,448,400.00 1,279,550.37 1,310,274.51 168,849.63 11.7 %
Non-Departmental 5,169,953.00 2,644,976.50 976,455.46 1,656,254.051,668,521.04 63.1 %
Total Operating Expenditures 58,020,098.38$ 28,487,593.47$ 25,523,172.94$ 24,919,470.74$ 2,964,420.53$ 10.4 %
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. Through the first two quarters of 2013,
$959,524.54 in Streamlined Sales Tax mitigation payments has been received. This compares to budgeted
Streamlined Sales Tax mitigation payments of $2,000,000 for the year.
3
Monthly Financial Report June 2013
Overview
This financial overview reflects the City’s overall financial position for the fiscal period ending
June 30, 2013 and represents financial data available as of July 23, 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 totaled $27.7 million as of the end of June 2013 and compare to
previous year to date collections of $25.9 million and budget of $26.3 million. Improvement in
General Fund revenue performance is primarily due to continued strength in building permits,
increased sales tax revenues, and increased City utility tax revenues. 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 Vista Pointe.
General Fund expenditures totaled $25.5 million and compares to budget of $28.5 million.
Review of departmental line item activity indicates that all departments are operating within
expectation. The year to date savings are due to timing of payments.
$0.0
$5.0
$10.0
$15.0
$20.0
$25.0
$30.0
$35.0
$40.0
$45.0
$50.0
Revenues Expenditures
Mi
l
l
i
o
n
s
General Fund
Revenues vs. Expenditures
2013 Actual
2013 Budget
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.
4
Monthly Financial Report June 2013
Property Tax collections to date total $7.6 million and compare to collections of $7.8 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 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.
1 In 2012, property taxes for the same period totaled $7,785,524.20. Of this amount, $6,716,276.75 was distributed to the
General Fund and $1,069,247.45 was distributed to the Local Street Fund (Fund 103). 5
Monthly Financial Report June 2013
Sales tax distributions Citywide totaled $6.8 million of which $6.0 million was distributed to the
General Fund and $789,000 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 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 year-to-date through June:
$789,207.89. 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*.
20122013
Component GroupActualActualAmount
Construction 540,849.17789,208.20248,359.0345.9 %
Manufacturing 133,122.90314,597.87181,474.97136.3 %
Transportation & Warehousing23,747.0518,192.62(5,554.43)(23.4)%
Wholesale Trade 627,254.09622,225.43(5,028.66)(0.8)%
Automotive 1,443,831.051,480,324.9936,493.942.5 %
Retail Trade 1,926,265.992,085,197.69158,931.708.3 %
Services 1,432,134.101,489,325.2757,191.174.0 %
Miscellaneous 24,820.8836,197.0611,376.1845.8 %
YTD Total 6,152,025.236,835,269.13683,243.9011.1 %
Change from 2012
June-2013
Comparison of Sales Tax Collections by SIC Group
Percentage
* 2012 actuals for the Manufacturing sector include an adjustment of -$74,000 by the State Department of
Revenue as a result of an audit.
6
Monthly Financial Report June 2013
As shown above, the areas showing the largest amount of change include the construction trade
and manufacturing industry, 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 $789,000 and exceed budget by
$138,000.
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
$1.4
$1.6
JanFebMarAprMayJunJulAugSepOctNovDec
Mi
l
l
i
o
n
s
Sales Tax on Construction Transfer
2013 budget
2013 actual to date
7
Monthly Financial Report June 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 June were $5.0 million and compare to $4.8 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 year-over-year declines in electric and natural gas
revenue collections. In addition, The Washington Utilities and Transportation Commission
recently approved a rate decrease for natural gas which reduced the residential rates by
approximately 7% and commercial rates by approximately 10%. This was a result of an
abundant domestic supply of natural gas.
201220132013
Month ActualBudgetActualAmount Amount
City Interfund Utility Taxes1,304,579.821,429,300.001,656,266.21351,686.39 27.0 %226,966.21 15.9 %
Electric 1,729,940.211,823,200.001,764,812.4634,872.25 2.0 %(58,387.54)(3.2)%
Natural Gas 747,169.63793,700.00686,121.27(61,048.36)(8.2)%(107,578.73)(13.6)%
Telephone 957,908.311,004,800.00868,991.18(88,917.13)(9.3)%(135,808.82)(13.5)%
Garbage (external)62,242.2179,200.0049,278.79(12,963.42)(20.8)%(29,921.21)(37.8)%
YTD Total 4,801,840.185,130,200.005,025,469.91223,629.73 4.7 %(104,730.09)(2.0)%
June-2013
Utility Tax by Type
2013 vs. 2012 Actual 2013 vs. Budget
Percentage Percentage
8
Monthly Financial Report June 2013
Cable TV Franchise Fees, which are collected quarterly, totaled $423,000 and exceed year to
date budget by $20,000 or 4.9%.
$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 June was $1.3 million and compares to budget
of $877,000. Total building permit revenue collected in the month of June totals $168,000 and
includes revenues primarily for housing development projects with the City. These developments
include Vista Pointe, Kendall Ridge, the Ridge at Bowman Creek, among several others.
9
Monthly Financial Report June 2013
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
JanFebMarAprMayJunJulAugSepOctNovDec
Th
o
u
s
a
n
d
s
Building Permits
2013 budget
2013 actual to date
2012 actual
Business License revenues collected to date total $103,000 and are on target with budget. The
graphic below reflects the timing of payments by business owners, where the majority of business
license payments are collected in December of the previous year and during the first two months
of the current year.
$0
$50
$100
$150
$200
$250
JanFebMarAprMayJunJulAugSepOctNovDec
Th
o
u
s
a
n
d
s
Business Licenses
2013 budget
2013 actual to date
2012 actual
10
Monthly Financial Report June 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 $2.4 million and are $87,000 or 3.8% higher than budget. This is primarily due to
receiving $80,000 more than budgeted for state shared liquor profits.
State shared revenue includes $959,524.54 in Streamlined Sales Tax mitigation payments made through June.
201220132013
Revenue ActualBudgetActualAmount Amount
Federal Grants 145,610.4210,500.0020,412.48(125,197.94)(86.0)%9,912.48 94.4%
State Grants 40,140.0349,100.0077,756.2937,616.26 93.7 %28,656.29 58.4%
Interlocal Grants 2,500.0019,600.00 0.00(2,500.00)(100.0)%(19,600.00)(100.0)%
State Shared Revenue2,093,629.141,895,100.001,942,722.88(150,906.26)(7.2)%47,622.88 2.5%
Muckleshoot Casino Emerg.345,875.00310,000.00310,028.00(35,847.00)(10.4)%28.00 0.0%
Intergovernmental Service6,270.972,600.0023,120.3816,849.41 268.7 %20,520.38 789.2%
YTD Total 2,634,025.562,286,900.002,374,040.03(259,985.53)(9.9)%87,140.03 3.8%
June-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 June, which primarily consist of plan check fees, exceed budget and prior year
collections to date by $195,000 and $229,000 respectively. Total plan check fees collected in
June totaled $88,000 and included projects such as the Walter Nelson Building, and several
housing developments including Christopher Gardens, Lakeland East and The Ridge at Bowman
Creek. Culture and recreation revenues are $21,000 higher than budget; reflecting increased
activity from City special events and senior citizen programs. 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 Government61,157.5446,800.0051,839.40(9,318.14)(15.2)%5,039.40 10.8 %
Public Safety 123,614.589,700.0013,615.02(109,999.56)(89.0)%3,915.02 40.4 %
Development Services449,759.12483,800.00678,789.30229,030.18 50.9 %194,989.30 40.3 %
Culture & Recreation508,195.54473,600.00494,259.63(13,935.91)(2.7)%20,659.63 4.4 %
YTD Total1,142,726.781,013,900.001,238,503.3595,776.57 8.4 %224,603.35 22.2 %
June-2013
Charges for Services by Type
2013 vs. 2012 Actual2013 vs. Budget
Percentage Percentage
11
Monthly Financial Report June 2013
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
JanFebMarAprMayJunJulAugSepOctNovDec
Th
o
u
s
a
n
d
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 June 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 $743,000
and compares to budget of $861,000.
201220132013
Month ActualBudgetActualAmount Amount
Civil Penalties 8,317.577,400.0010,804.702,487.13 29.9 %3,404.70 46.0 %
Civil Infraction Penalties329,676.94359,400.00231,721.46(97,955.48)(29.7)%(127,678.54)(35.5)%
Red Light Photo Enforcement300,182.62281,800.00307,422.927,240.30 2.4 %25,622.92 9.1 %
Parking Infractions 60,236.1391,700.0067,399.477,163.34 11.9 %(24,300.53)(26.5)%
Criminal Traffic Misdemeanor52,581.0845,600.0028,379.99(24,201.09)(46.0)%(17,220.01)(37.8)%
Criminal Non-Traffic Fines48,647.2549,700.0031,222.53(17,424.72)(35.8)%(18,477.47)(37.2)%
Criminal Costs 8,298.716,900.0012,794.764,496.05 54.2 %5,894.76 85.4 %
Non-Court Fines & Penalties19,405.8418,900.0053,015.0333,609.19 173.2 %34,115.03 180.5 %
YTD Total 827,346.14861,400.00742,760.86(84,585.28)(10.2)%(118,639.14)(13.8)%
June-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 June 2013
$0
$100
$200
$300
$400
$500
$600
$700
JanFebMarAprMayJunJulAugSepOctNovDec
Th
o
u
s
a
n
d
s
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.
201220132013
Month ActualBudgetActualAmount Amount
Interest & Investments 45,498.7631,300.0023,920.41(21,578.35)(47.4)%(7,379.59)(23.6)%
Rents & Leases 190,462.04180,300.00184,868.03(5,594.01)(2.9)%4,568.032.5 %
Contributions & Donations26,052.4518,400.0027,508.791,456.345.6 %9,108.7949.5 %
Other Miscellaneous Revenue38,713.4629,500.0033,176.91(5,536.55)(14.3)%3,676.9112.5 %
YTD Total 300,726.71259,500.00269,474.14(31,252.57)(10.4)%9,974.143.8 %
Miscellaneous Revenues by Type
June-2013
2013 vs. 2012 2013 vs. Budget
Percentage Percentage
14
Monthly Financial Report June 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 June was $829,000
and exceeds budget and prior year actuals by $217,000 and $213,000 respectively, reflecting
local and regional improvement in real estate transactions. REET revenues collected in June total
$177,000, and compares to monthly average collection to date of $130,000.
$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
Real Estate Excise Tax
2013 budget
2013 actual to date
2012 actual
15
Monthly Financial Report June 2013
Pet Licensing
During the month of June, 460 pet licenses were sold resulting in $15,290 in revenue. During
the same month in 2012, 466 licenses were sold, resulting in $13,725 in revenue to King County.
0
100
200
300
400
500
600
700
800
900
1,000
$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
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
Pet Licensing Revenue & Sales By Month
2013 vs 2012
2013 License Revenue (L)
2013 Licenses Sold (R)
2012 Licenses Sold (R)
2013 Budget Goal: $96,000 or more
2014 Budget Goal: $240,000 or more
Year-to-Date Revenue 2013 (through June) = $77,295
Year-to-Date Licenses 2013 (through June) = 2,619
Year-to-Date Licenses 2012 (through June) = 2,991 as reported by King County
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
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)
16
Monthly Financial Report June 2013
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 June with net operating income of $134,700 which compares to a
$27,600 net operating loss for the same period in 2012.
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
JanFebMarAprMayJunJulAugSepOctNovDec
Th
o
u
s
a
n
d
s
Water Revenues vs Water Sold
2013 vs 2012
2012 Water Sales ($)
2013 Water Sales ($)
2012 Water Sold (ccf)
2013 Water Sold (ccf)
The Sewer Utility ended the period with a $392,100 net operating loss and compares to a
$812,300 net loss for the same period in 2012 (excluding Metro wastewater treatment revenues
and expenditures, which are now being tracked separately in the Sewer-Metro fund). The Sewer-
Metro Utility ended June with a net operating loss of $52,900.
The Stormwater Utility ended the period with $630,300 in net operating income which
compares to $335,900 in net income for the same period last year.
17
Monthly Financial Report June 2013
The number of rounds played at the Auburn Golf Course (AGC) in June totaled 6,605 which
compares to 5,873 for the same period last year. Year-to-date rounds total 22,195 compared to
20,089 rounds in 2012. The AGC ended June with a net operating loss of $239,200 compared
to a loss of $296,100 for the same period last year. Expenditures increased in April and May
while the golf course was being readied for the busy summer season with equipment and course
repairs/maintenance and inventory purchases, and have since leveled off. The financial condition
of the AGC is expected to improve over the next several months as expenditures are expected to
remain level while revenues will increase from greater rounds played with the summer weather
conditions.
$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
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 June 2013
The Cemetery Fund ended June with a $3,100 net operating loss compared to a $148,800 net
operating loss for the same period last year which reflects a decline in Cemetery operating
expenditures and an increase in operating revenue. In June, the number of interments at the
Cemetery totaled 21 (9 burials, 12 cremations) which compares to 20 (5 burials, 15 cremations)
for the same period last year. Year-to-date interments total 109 (55 burials, 54 cremations)
compared to 118 (49 burials, 69 cremations) in 2012.
$0
$20
$40
$60
$80
$100
$120
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
$900
JanFebMarAprMayJunJulAugSepOctNovDec
Th
o
u
s
a
n
d
s
Cumulative Cemetery Revenues & Expenditures
2013 vs 2012
2013 Bud. Revenue
2013 Act. Revenue
2012 Act. Revenue
2013 Act. Expenses
19
Monthly Financial Report June 2013
Internal Service Funds
Operating expenditures within the Insurance Fund represents the premium cost-pool that will be
allocated monthly to other City funds over the course of 2013. As a result, this balance will
gradually diminish each month throughout the year.
No significant variances are reported in the Facilities, Innovation & Technology, or Equipment
Rental Funds. All funds have sufficient revenues to cover year-to-date expenditures.
Contact Information
This report is prepared by the Finance Department. Additional financial information can also be
viewed at our website: http://www.auburnwa.gov/. For any questions about the report please
contact us at mchaw@auburnwa.gov or scoleman@auburnwa.gov.
20
Investment Purchase Purchase Maturity Yield to
Type Date Price Date Maturity
State Investment Pool Various 98,317,633$ Various 0.12%
KeyBank Money Market Various 8,480,068 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 109,855,452$ 0.137%
Investment Mix % of Total
State Investment Pool 89.5%Current 6-month treasury rate 0.09%
KeyBank Money Market 7.7%Current State Pool rate 0.12%
US Treasury 0.1%KeyBank Money Market 0.15%
FFCB 2.7%Blended Auburn rate 0.14%
100.0%
City of Auburn
Investment Portfolio Summary
June 30, 2013
Summary
21
SALES TAX SUMMARY
JUNE 2013 SALES TAX DISTRIBUTIONS (FOR APRIL 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 - Apr '12)(Nov '12 - Apr '13)% Diff NAICS AUTOMOTIVE (Nov '11-Oct '12)(Nov '11 - Apr '12)(Nov '12 - Apr '13)% Diff
236 Construction of Buildings 483,408.87 201,869.73 367,520.29 82.1%441 Motor Vehicle and Parts Dealer 2,795,163.85 1,334,981.89 1,363,803.75 2.2%237 Heavy and Civil Construction 114,822.92 57,689.51 42,909.94 -25.6%447 Gasoline Stations 223,463.26 108,849.16 116,521.24 7.0%238 Specialty Trade Contractors 622,980.45 281,289.93 378,777.97 34.7%TOTAL AUTOMOTIVE 3,018,627.11$ 1,443,831.05$ 1,480,324.99$ 2.5%
TOTAL CONSTRUCTION 1,221,212.24$ 540,849.17$ 789,208.20$ 45.9%Overall Change from Previous Year 36,493.94$
Overall Change from Previous Year 248,359.03$
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 - Apr '12)(Nov '12 - Apr '13)% Diff
NAICS MANUFACTURING (Nov '11-Oct '12)(Nov '11 - Apr '12)(Nov '12 - Apr '13)% Diff 442 Furniture and Home Furnishings 226,308.94 108,801.91 114,518.39 5.3%
311 Food Manufacturing 2,932.07 1,749.18 804.48 -54.0%443 Electronics and Appliances 145,390.62 73,001.88 86,277.32 18.2%
312 Beverage and Tobacco Products 5,855.42 2,179.09 3,958.53 81.7%444 Building Material and Garden 425,493.64 182,608.91 203,189.66 11.3%
313 Textile Mills 569.85 55.74 140.14 151.4%445 Food and Beverage Stores 341,378.74 160,675.06 155,990.35 -2.9%
314 Textile Product Mills 4,456.85 3,185.69 1,419.81 -55.4%446 Health and Personal Care Store 148,812.47 77,735.99 92,569.67 19.1%
315 Apparel Manufacturing 217.67 189.44 205.73 8.6%448 Clothing and Accessories 772,153.02 388,098.00 443,425.47 14.3%
316 Leather and Allied Products 58.91 54.89 4.85 -91.2%451 Sporting Goods, Hobby, Books 120,507.49 65,603.14 64,628.10 -1.5%
321 Wood Product Manufacturing 31,417.29 10,157.54 40,325.10 297.0%452 General Merchandise Stores 967,039.39 513,571.91 497,474.37 -3.1%
322 Paper Manufacturing 3,943.50 1,963.00 1,580.88 -19.5%453 Miscellaneous Store Retailers 508,326.14 226,196.82 267,093.26 18.1%
323 Printing and Related Support 28,275.22 15,710.91 12,085.81 -23.1%454 Nonstore Retailers 268,502.71 129,972.37 160,031.10 23.1%
324 Petroleum and Coal Products 10,532.00 3,326.98 5,202.15 56.4%TOTAL RETAIL TRADE 3,923,913.16$ 1,926,265.99$ 2,085,197.69$ 8.3%
325 Chemical Manufacturing 8,088.54 2,982.49 4,018.24 34.7%Overall Change from Previous Year 158,931.70$
326 Plastics and Rubber Products 9,468.87 4,595.46 4,209.76 -8.4%
327 Nonmetallic Mineral Products 17,323.71 7,447.33 8,586.50 15.3%
331 Primary Metal Manufacturing 1,765.68 1,475.05 394.28 -73.3%2012 Annual Total 2012 YTD 2013 YTD YTD
332 Fabricated Metal Product Manuf 24,964.99 6,750.40 24,294.95 259.9%NAICS SERVICES (Nov '11-Oct '12)(Nov '11 - Apr '12)(Nov '12 - Apr '13)% Diff
333 Machinery Manufacturing 12,890.22 6,842.42 5,927.28 -13.4%51*Information 396,353.38 193,852.59 215,601.99 11.2%
334 Computer and Electronic Produc 10,260.16 4,396.07 5,335.11 21.4%52*Finance and Insurance 53,290.56 15,200.22 b 48,789.42 221.0%
335 Electric Equipment, Appliances 426.32 263.05 261.43 -0.6%53*Real Estate, Rental, Leasing 326,259.42 153,485.35 135,643.64 -11.6%
336 Transportation Equipment Man 187,175.19 38,486.50 a 167,387.12 334.9%541 Professional, Scientific, Tech 173,274.20 85,471.36 84,255.44 -1.4%
337 Furniture and Related Products 18,721.33 9,432.39 14,749.95 56.4%551 Company Management 15.78 9.00 64.14 612.7%
339 Miscellaneous Manufacturing 25,368.10 11,879.28 13,705.77 15.4%56*Admin. Supp., Remed Svcs 334,354.06 137,186.76 169,500.98 23.6%
TOTAL MANUFACTURING 404,711.89$ 133,122.90$ 314,597.87$ 136.3%611 Educational Services 53,671.83 26,140.85 24,546.81 -6.1%
Overall Change from Previous Year 181,474.97$ 62*Health Care Social Assistance 114,832.81 17,281.36 24,460.21 41.5%
71*Arts and Entertainment 153,417.34 94,257.89 89,120.85 -5.4%
72*Accomodation and Food Svcs 920,555.95 442,739.15 464,094.33 4.8%
2012 Annual Total 2012 YTD 2013 YTD YTD 81*Other Services 388,278.72 194,571.25 189,609.82 -2.5%
NAICS TRANSPORTATION AND WAREHOUSING (Nov '11-Oct '12)(Nov '11 - Apr '12)(Nov '12 - Apr '13)% Diff 92*Public Administration 142,187.99 71,938.32 43,637.64 -39.3%
481 Air Transportation 0.00 0.00 0.00 N/A TOTAL SERVICES 3,056,492.04$ 1,432,134.10$ 1,489,325.27$ 4.0%482 Rail Transportation 19,181.85 4,611.61 7,613.87 65.1%Overall Change from Previous Year 57,191.17$ 484 Truck Transportation 10,245.48 6,535.23 (7,056.53)c -208.0%485 Transit and Ground Passengers 268.22 234.14 88.36 -62.3%
488 Transportation Support 18,841.37 8,350.97 11,310.03 35.4%2012 Annual Total 2012 YTD 2013 YTD YTD
491 Postal Service 470.02 110.45 439.25 297.7%NAICS MISCELLANEOUS (Nov '11-Oct '12)(Nov '11 - Apr '12)(Nov '12 - Apr '13)% Diff
492 Couriers and Messengers 568.35 335.81 724.32 115.7%000 Unknown 1.04 1.04 0.00 -100.0%
493 Warehousing and Storage 5,376.49 3,568.84 5,073.32 42.2%111-115 Agriculture, Forestry, Fishing 2,868.29 1,341.87 2,099.36 56.5%
TOTAL TRANSPORTATION 54,951.78$ 23,747.05$ 18,192.62$ -23.4%211-221 Mining & Utilities 30,228.91 11,431.51 8,533.89 -25.3%
Overall Change from Previous Year (5,554.43)$ 999 Unclassifiable Establishments 27,601.09 12,046.46 25,563.81 112.2%
TOTAL SERVICES 60,699.33$ 24,820.88$ 36,197.06$ 45.8%
Overall Change from Previous Year 11,376.18$
2012 Annual Total 2012 YTD 2013 YTD YTD
NAICS WHOLESALE TRADE (Nov '11-Oct '12)(Nov '11 - Apr '12)(Nov '12 - Apr '13)% Diff
423 Wholesale Trade, Durable Goods 1,137,932.04 552,783.66 541,051.38 -2.1%GRAND TOTAL 13,037,325.52$ 6,152,025.23$ 6,835,269.13$
424 Wholesale Trade, Nondurable 153,721.30 72,087.48 78,942.20 9.5%Overall Change from Previous Year 683,243.90$ 11.1%
425 Wholesale Electronic Markets 5,064.63 2,382.95 2,231.85 -6.3%
TOTAL WHOLESALE 1,296,717.97$ 627,254.09$ 622,225.43$ -0.8%
Overall Change from Previous Year (5,028.66)$
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).
06/24/13 file:Monthly Sales Tax Report.xls
Prepared by Auburn Finance Department
22
INNOVATION EQUIPMENT
& TECHNOLOGY RENTAL
OPERATING REVENUES
Charges For Service 5,012,240.84 3,324,049.10 - 4,071,355.91 6,385,991.66 7,641.15 448,556.62 478,107.16 - - - -
Interfund Charges For Service - - - - - - - - - 1,744,896.00 2,391,545.00 1,470,839.96
Sewer Metro Service Revenue - - 7,144,088.61 - - - - - - - - -
Rents, Leases, Concessions, & Other - - - - - 301,700.83 - 188,187.47 - 69,308.06 38,083.50 -
TOTAL OPERATING REVENUES 5,012,240.84 3,324,049.10 7,144,088.61 4,071,355.91 6,385,991.66 309,341.98 448,556.62 666,294.63 - 1,814,204.06 2,429,628.50 1,470,839.96
OPERATING EXPENSES
Salaries & Wages 1,126,025.89 753,349.90 - 972,012.91 193,308.62 9,947.62 196,416.32 290,154.22 - 320,072.68 694,501.92 233,706.89
Benefits 506,195.86 327,856.41 - 423,370.43 87,567.55 3,361.29 94,966.20 141,762.92 - 142,824.63 282,758.09 103,083.14
Supplies 87,669.23 36,022.54 - 32,251.91 37,906.67 285.70 77,979.79 156,991.70 - 44,037.27 101,950.11 395,839.17
Other Service Charges 1,454,670.60 1,169,352.48 - 596,118.84 535,107.72 254,950.62 25,343.75 80,815.62 611,967.90 606,733.90 899,858.52 206,081.94
Intergovernmental Services - 1,394.88 - 11,740.65 102,967.56 - - - - - - -
Waste Management Payments - - - - 4,194,528.88 - - - - - - -
Sewer Metro Services - - 7,196,968.74 - - - - - - - - -
Interfund Operating Rentals & Supplies 554,684.49 484,977.77 - 642,039.28 90,450.00 - 28,098.00 82,248.00 - 59,604.00 150,852.00 123,805.36
Other Expenses - - - - - - - - - - - -
Depreciation & Amortization 1,148,263.83 943,206.73 - 763,474.67 9,409.65 201,879.11 28,841.71 153,560.40 - - 225,266.48 372,064.40
TOTAL OPERATING EXPENSES 4,877,509.90 3,716,160.71 7,196,968.74 3,441,008.69 5,251,246.65 470,424.34 451,645.77 905,532.86 611,967.90 1,173,272.48 2,355,187.12 1,434,580.90
OPERATING INCOME (LOSS)134,730.94 (392,111.61) (52,880.13) 630,347.22 1,134,745.01 (161,082.36) (3,089.15) (239,238.23) (611,967.90) 640,931.58 74,441.38 36,259.06
NON-OPERATING REVENUES & EXPENSES
Interest Revenue 11,798.18 10,081.57 1.86 10,115.66 596.73 776.32 180.57 259.75 973.08 1,359.54 2,362.88 4,381.70
Contributions - - - - 4,190.72 25,796.53 55.00 - - 35,860.00 - -
Other Non-Operating Revenue 92,279.44 144,703.81 - 31,159.61 360.00 1,125.00 - - - 23,055.00 35,276.73
Gain (Loss) On Sale Of Fixed Assets - - - - - - - - - - - 4,000.00
Debt Service Interest (242,692.73) (19,099.90) - (157,207.91) - (23,137.50) (11,133.72) - - - - -
Other Non-Operating Expense - - - - - - - - - - - -
TOTAL NON-OPERATING REVENUES & EXPENSES (138,615.11) 135,685.48 1.86 (115,932.64) 5,147.45 4,560.35 (10,898.15) 259.75 973.08 37,219.54 25,417.88 43,658.43
PLUS ITEMS NOT EFFECTING WORKING CAPITAL
Depreciation 1,148,263.83 943,206.73 - 763,474.67 9,409.65 201,879.11 28,841.71 153,560.40 - - 225,266.48 372,064.40
NET WORKING CAPITAL FROM OPERATIONS 1,144,379.66 686,780.60 (52,878.27) 1,277,889.25 1,149,302.11 45,357.10 14,854.41 (85,418.08) (610,994.82) 678,151.12 325,125.74 451,981.89
Increase In Contributions - System Development 1 297,328.00 2,238,792.00 - 317,966.06 - - - - - - - -
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 8,165,373.75 - - 5,235,686.06 - - - - - - - -
Operating Transfers In - - - - - - - 23,905.36 - - - -
Increase In Restricted Net Assets 6,665.99 - - - - 2,470.00 - - - - - -
Decrease In Long-Term Receivables - 112,500.00 - - - - - - - - - -
Increase In Deferred Credits - - - - - (1,004.29) - - - - - -
TOTAL RESOURCES OTHER THAN OPERATIONS 8,469,367.74 2,353,545.61 - 5,553,652.12 - 1,465.71 - 23,905.36 - - - -
Net Change In Restricted Net Assets 519,161.10 1,602,335.17 (1,460,182.19) 256,559.41 - 2,998.66 - (13,094.82) - - - -
Increase In Fixed Assets - Salaries 140,148.35 22,291.32 - 64,372.37 - - - - - - - -
Increase In Fixed Assets - Benefits 55,644.78 8,957.55 - 26,201.51 - - - - - - - -
Increase In Fixed Assets - Site Improvements 18,428.76 - - 11,782.20 - - - - - - - 8,470.78
Increase In Fixed Assets - Equipment 3,019.78 3,019.79 - 20,979.98 - - - - - - 12,919.60 52,777.13
Increase In Fixed Assets - Construction 2,400,021.28 93,254.11 - 710,480.06 - 33,250.58 - - - - - -
Operating Transfers Out 50,000.00 50,000.00 - 124,000.00 - - - - - 320,875.61 - 7,000.00
Debt Service Principal 629,868.48 288,261.96 - 140,700.00 - - - - - - - -
TOTAL USES OTHER THAN OPERATIONS 3,816,292.53 2,068,119.90 (1,460,182.19) 1,355,075.53 - 36,249.24 - (13,094.82) - 320,875.61 12,919.60 68,247.91
NET CHANGE IN WORKING CAPITAL 5,797,454.87 972,206.31 1,407,303.92 5,476,465.84 1,149,302.11 10,573.57 14,854.41 (48,417.90) (610,994.82) 357,275.51 312,206.14 383,733.98
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 - June 30, 2013 15,993,735.97 13,044,785.40 1,407,303.92 15,695,314.05 2,167,789.45 829,485.57 196,952.46 42,273.72 1,417,686.26 1,830,316.47 3,197,733.33 5,943,298.92
NET CHANGE IN WORKING CAPITAL 5,797,454.87 972,206.31 1,407,303.92 5,476,465.84 1,149,302.11 10,573.57 14,854.41 (48,417.90) (610,994.82) 357,275.51 312,206.14 383,733.98
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 5,012,240.84 3,324,049.10 - 4,071,355.91 6,385,991.66 7,641.15 448,556.62 478,107.16 - - - -
Interfund Charges For Service - - - - - - - - - 1,744,896.00 2,391,545.00 1,470,839.96
Sewer Metro Service Revenue - - 7,144,088.61 - - - - - - - - -
Rents, Leases, Concessions, & Other - - - - - 301,700.83 - 188,187.47 - 69,308.06 38,083.50 -
TOTAL OPERATING REVENUES 5,012,240.84 3,324,049.10 7,144,088.61 4,071,355.91 6,385,991.66 309,341.98 448,556.62 666,294.63 - 1,814,204.06 2,429,628.50 1,470,839.96
OPERATING EXPENSES
Administration 1,365,598.34 1,019,638.64 - 1,334,478.44 354,250.39 268,181.68 118,125.05 115,305.84 611,967.90 - - 433,247.45
Operations & Maintenance 2,363,647.73 1,753,315.34 - 1,343,055.58 693,057.73 363.55 304,679.01 636,666.62 - 1,173,272.48 2,129,920.64 629,269.05
Waste Management Payments - - - - 4,194,528.88 - - - - - - -
Sewer Metro Services - - 7,196,968.74 - - - - - - - - -
Depreciation & Amortization 1,148,263.83 943,206.73 - 763,474.67 9,409.65 201,879.11 28,841.71 153,560.40 - - 225,266.48 372,064.40
TOTAL OPERATING EXPENSES 4,877,509.90 3,716,160.71 7,196,968.74 3,441,008.69 5,251,246.65 470,424.34 451,645.77 905,532.86 611,967.90 1,173,272.48 2,355,187.12 1,434,580.90
OPERATING INCOME (LOSS)134,730.94 (392,111.61) (52,880.13) 630,347.22 1,134,745.01 (161,082.36) (3,089.15) (239,238.23) (611,967.90) 640,931.58 74,441.38 36,259.06
NON-OPERATING REVENUES & EXPENSES
Interest Revenue 11,798.18 10,081.57 1.86 10,115.66 596.73 776.32 180.57 259.75 973.08 1,359.54 2,362.88 4,381.70
Other Non-Operating Revenue 92,279.44 144,703.81 - 31,159.61 4,550.72 26,921.53 55.00 - - 35,860.00 23,055.00 35,276.73
Gain (Loss) On Sale Of Fixed Assets - - - - - - - - - - - 4,000.00
Other Non-Operating Expense (242,692.73) (19,099.90) - (157,207.91) - (23,137.50) (11,133.72) - - - - -
TOTAL NON-OPERATING REVENUES & EXPENSES (138,615.11) 135,685.48 1.86 (115,932.64) 5,147.45 4,560.35 (10,898.15) 259.75 973.08 37,219.54 25,417.88 43,658.43
(3,884.17) (256,426.13) (52,878.27) 514,414.58 1,139,892.46 (156,522.01) (13,987.30) (238,978.48) (610,994.82) 678,151.12 99,859.26 79,917.49
Contributions 1 297,328.00 2,241,045.61 - 317,966.06 - - - - - - - -
Transfers In - - - - - - - 23,905.36 - - - -
Transfers Out (50,000.00) (50,000.00) - (124,000.00) - - - - - (320,875.61) - (7,000.00)
TOTAL CONTRIBUTIONS & TRANSFERS 247,328.00 2,191,045.61 - 193,966.06 - - - 23,905.36 - (320,875.61) - (7,000.00)
CHANGE IN FUND BALANCE 243,443.83 1,934,619.48 (52,878.27) 708,380.64 1,139,892.46 (156,522.01) (13,987.30) (215,073.12) (610,994.82) 357,275.51 99,859.26 72,917.49
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 - June 30, 2013 67,962,477.83 76,714,112.48 (52,878.27) 50,672,868.64 2,268,334.46 9,282,740.99 858,115.70 8,363,830.88 1,417,686.18 1,773,246.51 4,169,153.26 10,575,838.49
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
24