HomeMy WebLinkAboutJuly 2013
AGENDA BILL APPROVAL FORM
Agenda Subject: July 2013 Financial Report
Date: September 8, 2013
Department: Finance
Attachments: Monthly Financial
Report
Budget Impact: $0
Administrative Recommendation: For discussion only.
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 July status report is based on financial data available as of August 22, 2013 for the period ending
July 31, 2013. Sales tax information represents business activity that occurred in May 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 July 2013, general fund revenues totaled $31.9 million and were sufficient to support total
general fund expenses of $30.0 million. General fund revenues exceeded budget by $1.4 million and
exceeded collections for the same period last year by $1.6 million. The increase in revenues over the
previous year are due to several factors and include an increase in property taxes of $800,000, reflecting
the Council approved change in the use of property taxes for street repair and maintenance. Under this
change, $2.0 million in property tax revenue will no longer be transferred to the local street fund for repair
and maintenance and instead all sales tax revenue from construction will be transferred for this purpose.
Through July $929,000 in sales taxes from construction has been transferred to the local street fund.
Other factors contributing to the improvement in general fund include building permits and development
related fees, which are respectively up by $700,000 and $240,000 over the previous year; city utility taxes
which are up by $360,000 over the previous year; and these gains were partially offset by a net reduction
in natural gas and telephone utility taxes, which are respectively down by $80,000 and $200,000.
General Fund expenditures totaled $30.0 million and compare to budget of $32.3 million and $32.0 million
for the same period last year. 2012 included a transfer of $2.5 million to the cumulative reserve fund to
replenish fund reserves. After adjusting for this transfer, 2013 expenditures to date are about $500,000
higher than 2012 levels.
During the month of July, 438 pet licenses were sold (as compared to 544 in 2012) resulting in $13,560 in
revenue. Year-to-date, 3,057 licenses have been sold (compared to 3,535 in 2012) bringing in a total of
$90,855.
1
Agenda Subject: July 2013 Financial Report
Date: 8/8/2013
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 July, the Water fund had net operating income of $213,700 (as compared to income of
$40,200 in the previous year). The Sewer fund ended with a $466,800 operating loss (compared to an
operating loss of $884,900 the previous year, excluding Metro); the Sewer-Metro Utility ended the period
with a net operating loss of $162,000; and the Stormwater Utility ended with operating income of
$698,900 (as compared to operating income of $431,300 the previous year).
The Golf Course ended the period with an operating loss of $158,800 compared to an operating loss of
$228,500 for the same period last year and reflects an improvement in the year-to-date rounds played at
the Golf Course (29,881 compared to 27,620 for the same period last year). The Cemetery ended July
with net operating income of $49,900 compared to an operating loss of $117,100 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 July was $111.8 million and compares to $109.9
million the month prior.
Reviewed by Council & Committees: Reviewed by Departments & Divisions:
Arts Commission COUNCIL COMMITTEES: Building M&O
Airport Finance Cemetery Mayor
Hearing Examiner Municipal Serv. Finance Parks
Human Services Planning & CD Fire Planning Park Board Public Works Legal Police
Planning Comm. Other Public Works Human Resources
Information Services
Action:
Committee Approval: Yes No
Council Approval: Yes No Call for Public Hearing ___/___/____
Referred to _________________________________ Until ____/___/____
Tabled ______________________________________ Until ___/___/____
Councilmember: Partridge Staff: Coleman
Meeting Date: September 16, 2013 Item Number:
2
Monthly Financial Report July 2013
General Fund 2012
Summary of Sources and Uses Annual
Budget YTD BudgetYTD ActualYTD Actual Amount
Operating Revenues
Property Tax 14,299,417.00$ 7,518,400.00$ 7,596,373.54$ 6,736,512.73$ 77,973.54$ 1.0 %
Sales Tax 11,695,309.00 6,619,400.00 7,051,376.23 7,193,227.58 431,976.236.5 %
Sales Tax - Annexation Credit 1,397,602.00 785,600.00 939,895.83 850,138.14 154,295.8319.6 %
Criminal Justice Sales Tax 1,225,059.00 694,400.00 850,452.68 781,778.41 156,052.6822.5 %
Brokered Natural Gas Tax 301,500.00 216,700.00 190,369.18 222,186.66 (26,330.82)(12.2)%
City Utilities Tax 2,991,933.00 1,677,800.00 1,909,124.48 1,534,847.57 231,324.4813.8 %
Admissions Tax 363,609.00 225,100.00 227,340.00 234,282.47 2,240.001.0 %
Electric Tax 3,340,500.00 2,605,100.002,529,525.08 2,457,352.42 (75,574.92)(2.9)%
Natural Gas Tax 1,201,900.00 1,070,800.00 913,038.37 991,567.35(157,761.63)(14.7)%
Cable TV Franchise Fee 808,000.00 606,100.00 637,050.65 605,114.93 30,950.655.1 %
Cable TV Franchise Fee - Capital 62,000.00 46,700.00 47,254.10 47,268.79 554.101.2 %
Telephone Tax 2,032,574.00 1,236,400.00 1,059,704.13 1,259,608.08(176,695.87)(14.3)%
Garbage Tax (external)151,504.00 89,100.00 57,773.80 71,043.78 (31,326.20)(35.2)%
Leasehold Excise Tax 50,501.00 22,800.00 19,044.90 19,705.58 (3,755.10)(16.5)%
Gambling Excise Tax 247,965.00 152,300.00 196,299.82 140,074.15 43,999.82 28.9 %
Taxes sub-total 40,169,373.0023,566,700.0024,224,622.7923,144,708.64657,922.792.8 %
Business License Fees 202,005.00 107,500.00 106,620.00 125,541.00 (880.00)(0.8)%
Building Permits 1,899,966.00 1,110,700.00 1,468,181.51 768,308.46 357,481.5132.2 %
Other Licenses & Permits 454,413.00 228,800.00 397,569.96 209,728.82 168,769.9673.8 %
Intergovernmental (Grants, etc.) - (1)4,661,784.00 2,741,200.00 2,814,530.703,267,048.66 73,330.702.7 %
Charges for Services:
General Government Services 94,467.00 53,600.00 69,144.40 69,589.91 15,544.4029.0 %
Public Safety 17,300.00 11,200.00 14,629.67 144,003.61 3,429.6730.6 %
Development Services Fees 963,458.00 543,900.00 742,451.41 500,457.48 198,551.4136.5 %
Culture and Recreation 809,717.00 542,100.00 569,212.28 583,340.80 27,112.285.0 %
Fines and Forfeits 1,556,500.00 989,800.00 862,193.65 960,170.55 (127,606.35)(12.9)%
Fees/Charges/Fines sub-total 10,659,610.006,328,800.007,044,533.586,628,189.29715,733.5811.3 %
Interests and Other Earnings 64,900.00 37,100.00 29,958.06 53,219.67 (7,141.94)(19.3)%
Rents, Leases and Concessions 308,000.00 206,800.00 212,688.22 218,035.96 5,888.222.8 %
Contributions and Donations 41,000.00 27,700.00 34,157.30 32,006.22 6,457.3023.3 %
Other Miscellaneous 92,200.00 35,400.00 38,390.65 46,614.14 2,990.658.4 %
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 8,319.53 98,092.13 52,257.45 89,772.60 1079.1 %
Other Revenues sub-total 798,100.00 582,319.53606,834.36 419,133.4424,514.834.2 %
Total Operating Revenues 51,627,083.00$ 30,477,819.53$ 31,875,990.73$ 30,192,031.37$ 1,398,171.20$ 4.6 %
Operating Expenditures
Council & Mayor 1,020,762.99$ 595,445.08$ 604,636.54$ 502,177.01$ (9,191.46)$ (1.5)%
Municipal Court & Probation 632,424.39 348,600.00 214,634.07 1,701,287.66 133,965.93 38.4 %
Human Resources 1,608,800.00 895,200.00 776,557.66 466,828.24 118,642.34 13.3 %
Finance 1,315,343.78 777,900.00 704,739.17 682,100.04 73,160.83 9.4 %
City Attorney 1,836,346.17 1,099,600.00 1,122,207.78 957,502.59 (22,607.78)(2.1)%
Planning 4,007,214.94 2,337,542.05 2,176,976.59 2,247,408.81 160,565.46 6.9 %
Community & Human Services 1,272,579.74 771,300.00 620,074.33 644,978.47 151,225.67 19.6 %
Jail - SCORE 7,046,419.00 3,949,246.673,852,688.27 2,276,232.63 96,558.40 2.4 %
Police 19,878,567.2111,589,900.0010,968,299.0910,580,060.62 621,600.91 5.4 %
Engineering 2,836,440.40 1,607,600.00 1,534,871.26 1,431,379.67 72,728.74 4.5 %
Parks and Recreation 8,138,564.48 4,711,700.00 4,715,384.71 4,249,034.38 (3,684.71)(0.1)%
Streets 3,273,353.35 1,711,200.00 1,504,315.21 1,569,886.01206,884.79 12.1 %
Non-Departmental 3,271,197.93 1,948,198.79 1,200,159.32 4,666,672.70748,039.47 38.4 %
Total Operating Expenditures 56,138,014.38$ 32,343,432.59$ 29,995,544.00$ 31,975,548.83$ 2,347,888.59$ 7.3 %
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 seven months of 2013,
$1,119,525.54 is Streamlined Sales Tax mitigation payments is included and is based upon the actual and
anticipated 2013 Streamlined Sales Tax mitigation payments of $2,000,000.00. This is reconciled at the end of
each quarter and is based upon actual distributions from the State.
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Monthly Financial Report July 2013
Overview
This financial overview reflects the City’s overall financial position for the fiscal period ending
July 31, 2013 and represents financial data available as of August 22, 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 $31.9 million as of the end of July 2013 and compares to
previous year to date collections of $30.2 million and budget of $30.5 million. Improvement in
General Fund revenue performance is primarily due to continued strength in building permits,
development related fees and increased City utility tax revenues and are partially offset by
reduced collections from natural gas and telephone utility taxes. Major commercial projects
contributing to the growth in building permit and development related fees this year include the
Auburn High School Modernization project, the remodel of The Outlet Collection – Seattle, and
several projects at Boeing. In addition, there are several housing developments within the City
that have contributed to the economic growth including the Ridge at Bowman Creek, Auburn 40
PUD, Lakeland East, and Vista Pointe.
General Fund expenditures totaled $30.0 million and compares to budget of $32.3 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.
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General Fund
Revenues vs. Expenditures
2013 Actual
2013 Budget
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Monthly Financial Report July 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 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.
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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.
1 In 2012, property taxes for the same period totaled $7,808,981.81. Of this amount, $6,736,512.73 was distributed to the
General Fund and $1,072,469.08 was distributed to the Local Street Fund (Fund 103). 5
Monthly Financial Report July 2013
Sales tax distributions Citywide totaled $8.0 million of which $7.1 million was distributed to the
General Fund and $929,000 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 year-to-date through July:
$929,238.94. 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 620,890.27929,239.25308,348.9849.7 %
Manufacturing 174,878.33350,296.66175,418.33100.3 %
Transportation & Warehousing28,183.8621,443.16(6,740.70)(23.9)%
Wholesale Trade 741,271.65722,754.65(18,517.00)(2.5)%
Automotive 1,716,477.851,760,588.1244,110.272.6 %
Retail Trade 2,231,040.242,421,728.13190,687.898.5 %
Services 1,667,434.361,752,440.3485,005.985.1 %
Miscellaneous 35,373.0639,718.624,345.5612.3 %
YTD Total 7,215,549.627,998,208.93782,659.3110.8 %
Change from 2012
July-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.
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Monthly Financial Report July 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 $929,000 and exceed budget by
$163,000.
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Sales Tax on Construction Transfer
2013 budget
2013 actual to date
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 July was $6.5 million and compares to $6.3 million collected the same period last year.
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Monthly Financial Report July 2013
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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 a decline in 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. Telephone utility taxes are down by $200,000 over the previous year, 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 Taxes1,534,847.571,677,800.001,909,124.48374,276.91 24.4 %231,324.48 13.8 %
Electric 2,457,352.422,605,100.002,529,525.0872,172.66 2.9 %(75,574.92)(2.9)%
Natural Gas 991,567.351,070,800.00913,038.37(78,528.98)(7.9)%(157,761.63)(14.7)%
Telephone 1,259,608.081,236,400.001,059,704.13(199,903.95)(15.9)%(176,695.87)(14.3)%
Garbage (external)71,043.7889,100.0057,773.80(13,269.98)(18.7)%(31,326.20)(35.2)%
YTD Total 6,314,419.206,679,200.006,469,165.86154,746.66 2.5 %(210,034.14)(3.1)%
July-2013
Utility Tax by Type
2013 vs. 2012 Actual2013 vs. Budget
Percentage Percentage
Cable TV Franchise Fees, which are collected quarterly, totals $637,000 and exceed year to date
budget by $31,000 or 5.1%.
8
Monthly Financial Report July 2013
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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 July was $1.5 million and compares to budget
of $1.1 million. Total building permit revenue collected in the month of July totals $162,000 and
includes revenues primarily for housing development projects with the City. The majority of
these housing development revenues in July include Lakeland East, Auburn 40 PUD, Brannan J
#38, and The Ridge at Bowman Creek.
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Monthly Financial Report July 2013
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Building Permits
2013 budget
2013 actual to date
2012 actual
Business License revenues collected to date total $107,000 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 during the first two months of the year and the last month of the
year.
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Business Licenses
2013 budget
2013 actual to date
2012 actual
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 $2.8 million and are $73,000, or 2.7%, higher than budget.
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Monthly Financial Report July 2013
State shared revenue includes $1,119,524.54 in actual and anticipated Streamlined Sales Tax mitigation payments made
through July.
201220132013
Revenue ActualBudgetActualAmount Amount
Federal Grants 139,639.3516,900.0027,219.90(112,419.45)(80.5)%10,319.90 61.1%
State Grants 40,140.0359,500.0096,548.6256,408.59 140.5 %37,048.62 62.3%
Interlocal Grants 2,500.0020,600.009,741.787,241.78 289.7 %(10,858.22)(52.7)%
State Shared Revenue2,550,029.312,204,100.002,216,193.61(333,835.70)(13.1)%12,093.61 0.5%
Muckleshoot Casino Emerg.528,469.00437,500.00437,462.00(91,007.00)(17.2)%(38.00)(0.0)%
Intergovernmental Service6,270.972,600.0027,364.7921,093.82 336.4 %24,764.79 952.5%
YTD Total 3,267,048.662,741,200.002,814,530.70(452,517.96)(13.9)%73,330.70 2.7%
July-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 July, which primarily consist of plan check fees, exceed budget and prior year collections
to date by $199,000 and $242,000 respectively. Total plan check fees collected in July totaled
$35,000 and included projects such as The Outlet Collection – Seattle and several housing
developments including Vista Pointe and Kendall Ridge.
Culture and recreation revenues are $27,000 higher than budget; reflecting increased activity
from City special events and recreational 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 Government69,589.9153,600.0069,144.40(445.51)(0.6)%15,544.40 29.0 %
Public Safety 144,003.6111,200.0014,629.67(129,373.94)(89.8)%3,429.67 30.6 %
Development Services500,457.48543,900.00742,451.41241,993.93 48.4 %198,551.41 36.5 %
Culture & Recreation583,340.80542,100.00569,212.28(14,128.52)(2.4)%27,112.28 5.0 %
YTD Total1,297,391.801,150,800.001,395,437.7698,045.96 7.6 %244,637.76 21.3 %
July-2013
Charges for Services by Type
2013 vs. 2012 Actual2013 vs. Budget
Percentage Percentage
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Monthly Financial Report July 2013
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Development Service Fees
2013 budget
2013 actual to date
2012 actual
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]
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Culture & Recreation
2013 budget
2013 actual to date
2012 actual
12
Monthly Financial Report July 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 $862,000
and compares to budget of $990,000.
201220132013
Month ActualBudgetActualAmount Amount
Civil Penalties 10,100.648,700.0012,311.942,211.30 21.9 %3,611.94 41.5 %
Civil Infraction Penalties373,817.04407,900.00268,618.12(105,198.92)(28.1)%(139,281.88)(34.1)%
Red Light Photo Enforcement359,852.06332,300.00357,818.81(2,033.25)(0.6)%25,518.81 7.7 %
Parking Infractions 67,665.84104,500.0079,334.6911,668.85 17.2 %(25,165.31)(24.1)%
Criminal Traffic Misdemeanor58,956.0652,000.0032,815.73(26,140.33)(44.3)%(19,184.27)(36.9)%
Criminal Non-Traffic Fines55,225.1356,000.0034,948.82(20,276.31)(36.7)%(21,051.18)(37.6)%
Criminal Costs 9,677.117,800.0016,239.016,561.90 67.8 %8,439.01 108.2 %
Non-Court Fines & Penalties24,876.6720,600.0060,106.5335,229.86 141.6 %39,506.53 191.8 %
YTD Total 960,170.55989,800.00862,193.65(97,976.90)(10.2)%(127,606.35)(12.9)%
July-2013
Fines & Forfeits by Type
2013 vs. 2012 Actual2013 vs. Budget
Percentage Percentage
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Fines & Penalties
2013 budget
2013 actual to date
2012 actual
13
Monthly Financial Report July 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.
Total revenue collected to date is $315,000 compared to budget of $307,000.
201220132013
Month ActualBudgetActualAmount Amount
Interest & Investments 53,219.6737,100.0029,958.06(23,261.61)(43.7)%(7,141.94)(19.3)%
Rents & Leases 218,035.96206,800.00212,688.22(5,347.74)(2.5)%5,888.222.8 %
Contributions & Donations32,006.2227,700.0034,157.302,151.086.7 %6,457.3023.3 %
Other Miscellaneous Revenue46,614.1435,400.0038,390.65(8,223.49)(17.6)%2,990.658.4 %
YTD Total 349,875.99307,000.00315,194.23(34,681.76)(9.9)%8,194.232.7 %
Miscellaneous Revenues by Type
July-2013
2013 vs. 2012 2013 vs. Budget
Percentage Percentage
14
Monthly Financial Report July 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 July was $1.1 million
and exceeds budget and prior year actuals by $307,000 and $328,000 respectively, reflecting a
robust local and regional real estate market. REET revenues collected in July total $268,000, and
compares to monthly average collection to date of $138,000, and reflect reflect several large
commercial transactions.
$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 July 2013
Pet Licensing
During the month of July, 438 pet licenses were sold resulting in $13,560 in revenue. During the
same month in 2012, 544 licenses were sold, resulting in $16,130 in revenue to King County.
0
100
200
300
400
500
600
700
Ja
n
Fe
b
Ma
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Ap
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Ma
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Ju
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Ju
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Au
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L
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S
o
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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 July) = $90,855
Year-to-Date Licenses 2013 (through July) = 3,057
Year-to-Date Licenses 2012 (through July) = 3,535 as reported by King County
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
$18,000
Ja
n
Fe
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Ma
r
Ap
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Ma
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Ju
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Ju
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Au
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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 July 2013
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
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Ap
r
Ma
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Ju
n Ju
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No
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o
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S
o
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Li
c
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s
e
R
e
v
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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)
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 July with net operating income of $213,700 which compares to
operating income of $40,200 for the same period in 2012. Revenues in July reflect the
distribution of annual Senior Rebate checks.
$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 $466,800 net operating loss and compares to a
$884,900 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 July with a net operating loss of $162,000.
17
Monthly Financial Report July 2013
The Stormwater Utility ended the period with $698,900 in net operating income which
compares to $431,300 in net income for the same period last year.
The number of rounds played at the Auburn Golf Course (AGC) in July totaled 7,686 which
compares to 7,531 for the same period last year. Year-to-date rounds total 29,881 compared to
27,620 rounds in 2012. The AGC ended July with a net operating loss of $158,800 compared to
a loss of $228,500 for the same period last year.
As expected, revenues have climbed with the onset of the summer season and, as reported in the
June 2013 monthly financial report, expenditures have leveled off with completion of pre-season
course preparations.
$0
$50
$100
$150
$200
$250
$300
JanFebMarAprMayJunJulAugSepOctNovDec
Th
o
u
s
a
n
d
s
Golf Course Operating Revenues & Expenses 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 & Expenses
2013 vs 2012
2013 Bud. Revenue
2013 Act. Revenue
2012 Act. Revenue
2013 Act. Expenses
18
Monthly Financial Report July 2013
The Cemetery Fund ended July with operating income of $49,900 compared to a $117,100 net
operating loss for the same period last year which reflects a decline in Cemetery operating
expenditures and an increase in operating revenue. In July, the number of interments at the
Cemetery totaled 25 (11 burials, 14 cremations) which compares to 24 (15 burials, 9 cremations)
for the same period last year. Year-to-date interments total 134 (66 burials, 68 cremations)
compared to 142 (64 burials, 78 cremations) in 2012.
Expenditures peaked in May with the first semiannual application of fertilizer and pesticide at the
cemetery and higher spending on markers. July revenues reflect an increase in collections from
lot sales, openings/closings, marker sales.
$0
$20
$40
$60
$80
$100
$120
$140
JanFebMarAprMayJunJulAugSepOctNovDec
Th
o
u
s
a
n
d
s
Cemetery Operating Revenues & Expenses 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
$900
JanFebMarAprMayJunJulAugSepOctNovDec
Th
o
u
s
a
n
d
s
Cumulative Cemetery Revenues & Expenses
2013 vs 2012
2013 Bud. Revenue
2013 Act. Revenue
2012 Act. Revenue
2013 Act. Expenses
19
Monthly Financial Report July 2013
Internal Service Funds
Operating expenditures within the Insurance Fund represents the premium cost-pool that will be
allocated monthly to other City funds over the course of 2013. As a result, this balance will
gradually diminish each month throughout the year.
No significant variances are reported in the Facilities, Innovation & Technology, or Equipment
Rental Funds. All funds have sufficient revenues to cover year-to-date expenditures.
Contact Information
This report is prepared by the Finance Department. Additional financial information can also be
viewed at our website: http://www.auburnwa.gov/. For any questions about the report please
contact us at mchaw@auburnwa.gov or scoleman@auburnwa.gov.
20
Investment Purchase Purchase Maturity Yield to
Type Date Price Date Maturity
State Investment Pool Various 98,341,714$ Various 0.12%
KeyBank Money Market Various 8,409,450 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%
FHLMC 7/25/2013 2,000,000 7/25/2017 1.500%
Total Cash & Investments 111,808,914$ 0.158%
Investment Mix % of Total
State Investment Pool 88.0%Current 6-month treasury rate 0.07%
KeyBank Money Market 7.5%Current State Pool rate 0.12%
US Treasury 0.1%KeyBank Money Market 0.15%
FFCB 2.7%Blended Auburn rate 0.16%
FHLMC 1.8%
100.0%
City of Auburn
Investment Portfolio Summary
July 31, 2013
Summary
21
SALES TAX SUMMARY
JULY 2013 SALES TAX DISTRIBUTIONS (FOR MAY 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 - May '12)(Nov '12 - May '13)% Diff NAICS AUTOMOTIVE (Nov '11-Oct '12)(Nov '11 - May '12)(Nov '12 - May '13)% Diff
236 Construction of Buildings 483,408.87 230,657.80 436,570.16 89.3%441 Motor Vehicle and Parts Dealer 2,795,163.85 1,590,514.78 1,623,521.44 2.1%237 Heavy and Civil Construction 114,822.92 67,867.50 52,265.20 -23.0%447 Gasoline Stations 223,463.26 125,963.07 137,066.68 8.8%238 Specialty Trade Contractors 622,980.45 322,364.97 440,403.89 36.6%TOTAL AUTOMOTIVE 3,018,627.11$ 1,716,477.85$ 1,760,588.12$ 2.6%
TOTAL CONSTRUCTION 1,221,212.24$ 620,890.27$ 929,239.25$ 49.7%Overall Change from Previous Year 44,110.27$
Overall Change from Previous Year 308,348.98$
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 - May '12)(Nov '12 - May '13)% Diff
NAICS MANUFACTURING (Nov '11-Oct '12)(Nov '11 - May '12)(Nov '12 - May '13)% Diff 442 Furniture and Home Furnishings 226,308.94 126,175.99 134,632.17 6.7%
311 Food Manufacturing 2,932.07 1,925.96 922.62 -52.1%443 Electronics and Appliances 145,390.62 82,188.01 103,161.65 25.5%
312 Beverage and Tobacco Products 5,855.42 2,732.20 4,597.23 68.3%444 Building Material and Garden 425,493.64 223,349.20 244,719.64 9.6%
313 Textile Mills 569.85 66.90 146.80 119.4%445 Food and Beverage Stores 341,378.74 193,946.75 185,990.77 -4.1%
314 Textile Product Mills 4,456.85 3,405.62 2,440.81 -28.3%446 Health and Personal Care Store 148,812.47 89,962.87 105,909.76 17.7%
315 Apparel Manufacturing 217.67 193.85 225.27 16.2%448 Clothing and Accessories 772,153.02 443,777.84 505,352.30 13.9%
316 Leather and Allied Products 58.91 55.11 6.42 -88.4%451 Sporting Goods, Hobby, Books 120,507.49 72,794.89 72,084.67 -1.0%
321 Wood Product Manufacturing 31,417.29 12,683.27 46,531.47 266.9%452 General Merchandise Stores 967,039.39 587,386.08 572,640.23 -2.5%
322 Paper Manufacturing 3,943.50 2,238.00 1,991.58 -11.0%453 Miscellaneous Store Retailers 508,326.14 263,082.43 311,815.26 18.5%
323 Printing and Related Support 28,275.22 17,439.69 14,231.02 -18.4%454 Nonstore Retailers 268,502.71 148,376.18 185,421.68 25.0%
324 Petroleum and Coal Products 10,532.00 4,178.13 5,916.80 41.6%TOTAL RETAIL TRADE 3,923,913.16$ 2,231,040.24$ 2,421,728.13$ 8.5%
325 Chemical Manufacturing 8,088.54 3,665.16 4,739.44 29.3%Overall Change from Previous Year 190,687.89$
326 Plastics and Rubber Products 9,468.87 5,353.64 5,055.51 -5.6%
327 Nonmetallic Mineral Products 17,323.71 9,140.74 10,505.32 14.9%
331 Primary Metal Manufacturing 1,765.68 1,491.32 402.06 -73.0%2012 Annual Total 2012 YTD 2013 YTD YTD
332 Fabricated Metal Product Manuf 24,964.99 7,974.69 3,746.01 d -53.0%NAICS SERVICES (Nov '11-Oct '12)(Nov '11 - May '12)(Nov '12 - May '13)% Diff
333 Machinery Manufacturing 12,890.22 7,511.90 7,690.86 2.4%51*Information 396,353.38 228,625.17 253,782.49 11.0%
334 Computer and Electronic Produc 10,260.16 5,168.66 8,541.39 65.3%52*Finance and Insurance 53,290.56 21,619.62 b 55,087.48 154.8%
335 Electric Equipment, Appliances 426.32 281.29 263.89 -6.2%53*Real Estate, Rental, Leasing 326,259.42 178,211.27 158,494.36 -11.1%
336 Transportation Equipment Man 187,175.19 64,678.76 a 203,017.66 213.9%541 Professional, Scientific, Tech 173,274.20 97,721.85 104,262.12 6.7%
337 Furniture and Related Products 18,721.33 10,500.65 13,898.21 32.4%551 Company Management 15.78 9.39 71.17 657.9%
339 Miscellaneous Manufacturing 25,368.10 14,192.79 15,426.29 8.7%56*Admin. Supp., Remed Svcs 334,354.06 159,621.65 202,081.79 26.6%
TOTAL MANUFACTURING 404,711.89$ 174,878.33$ 350,296.66$ 100.3%611 Educational Services 53,671.83 28,337.94 26,366.47 -7.0%
Overall Change from Previous Year 175,418.33$ 62*Health Care Social Assistance 114,832.81 18,773.74 26,224.23 39.7%
71*Arts and Entertainment 153,417.34 105,696.13 100,675.89 -4.7%
72*Accomodation and Food Svcs 920,555.95 518,471.24 544,445.77 5.0%
2012 Annual Total 2012 YTD 2013 YTD YTD 81*Other Services 388,278.72 227,887.39 222,151.45 -2.5%
NAICS TRANSPORTATION AND WAREHOUSING (Nov '11-Oct '12)(Nov '11 - May '12)(Nov '12 - May '13)% Diff 92*Public Administration 142,187.99 82,458.97 58,797.12 -28.7%
481 Air Transportation 0.00 0.00 0.00 N/A TOTAL SERVICES 3,056,492.04$ 1,667,434.36$ 1,752,440.34$ 5.1%482 Rail Transportation 19,181.85 6,976.18 7,962.47 14.1%Overall Change from Previous Year 85,005.98$ 484 Truck Transportation 10,245.48 6,798.18 (6,295.11)c -192.6%485 Transit and Ground Passengers 268.22 268.22 88.36 -67.1%
488 Transportation Support 18,841.37 9,851.77 13,121.32 33.2%2012 Annual Total 2012 YTD 2013 YTD YTD
491 Postal Service 470.02 153.92 512.55 233.0%NAICS MISCELLANEOUS (Nov '11-Oct '12)(Nov '11 - May '12)(Nov '12 - May '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 3,799.78 5,329.25 40.3%111-115 Agriculture, Forestry, Fishing 2,868.29 1,546.96 2,303.27 48.9%
TOTAL TRANSPORTATION 54,951.78$ 28,183.86$ 21,443.16$ -23.9%211-221 Mining & Utilities 30,228.91 17,857.79 10,627.16 -40.5%
Overall Change from Previous Year (6,740.70)$ 999 Unclassifiable Establishments 27,601.09 15,967.27 26,788.19 67.8%
TOTAL SERVICES 60,699.33$ 35,373.06$ 39,718.62$ 12.3%
Overall Change from Previous Year 4,345.56$
2012 Annual Total 2012 YTD 2013 YTD YTD
NAICS WHOLESALE TRADE (Nov '11-Oct '12)(Nov '11 - May '12)(Nov '12 - May '13)% Diff
423 Wholesale Trade, Durable Goods 1,137,932.04 654,099.53 629,228.65 -3.8%GRAND TOTAL 13,037,325.52$ 7,215,549.62$ 7,998,208.93$
424 Wholesale Trade, Nondurable 153,721.30 84,318.51 90,589.64 7.4%Overall Change from Previous Year 782,659.31$ 10.8%
425 Wholesale Electronic Markets 5,064.63 2,853.61 2,936.36 2.9%
TOTAL WHOLESALE 1,296,717.97$ 741,271.65$ 722,754.65$ -2.5%
Overall Change from Previous Year (18,517.00)$
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).
07/23/13 file:Monthly Sales Tax Report.xls
Prepared by Auburn Finance Department
22
INNOVATION EQUIPMENT
& TECHNOLOGY RENTAL
OPERATING REVENUES
Charges For Service 5,967,762.43 3,832,009.64 - 4,733,428.65 7,432,719.28 8,892.72 572,396.52 657,733.14 - - - -
Interfund Charges For Service - - - - - - - - - 2,035,712.00 2,789,685.00 1,716,567.36
Sewer Metro Service Revenue - - 8,243,785.31 - - - - - - - - -
Rents, Leases, Concessions, & Other - - - - - 352,798.03 - 249,384.30 - 78,724.36 43,607.50 -
TOTAL OPERATING REVENUES 5,967,762.43 3,832,009.64 8,243,785.31 4,733,428.65 7,432,719.28 361,690.75 572,396.52 907,117.44 - 2,114,436.36 2,833,292.50 1,716,567.36
OPERATING EXPENSES
Salaries & Wages 1,320,777.65 878,484.63 - 1,145,154.44 226,159.32 11,605.55 229,530.49 342,882.23 - 373,719.05 810,505.52 272,998.14
Benefits 596,354.37 385,070.62 - 499,759.94 103,200.08 3,954.96 111,619.48 167,222.46 - 166,301.41 332,221.04 121,695.96
Supplies 106,085.70 38,551.97 - 40,129.78 37,991.28 285.70 82,412.35 176,408.68 - 53,595.72 110,441.35 470,283.34
Other Service Charges 1,744,102.76 1,328,892.44 - 697,801.10 629,721.90 291,019.92 32,529.96 104,760.72 568,889.66 783,891.45 1,012,749.11 243,148.78
Intergovernmental Services - 1,894.36 - 11,740.65 206,327.16 - - - - - - -
Waste Management Payments - - - - 5,036,133.20 - - - - - - -
Sewer Metro Services - - 8,405,745.83 - - - - - - - - -
Interfund Operating Rentals & Supplies 647,094.88 565,778.77 - 749,179.30 105,525.00 - 32,781.00 95,956.00 - 69,538.00 175,994.00 144,443.35
Other Expenses - - - - - - - - - - - -
Depreciation & Amortization 1,339,660.11 1,100,168.73 - 890,720.97 10,977.92 235,525.65 33,648.67 178,720.18 - - 260,465.98 425,854.38
TOTAL OPERATING EXPENSES 5,754,075.47 4,298,841.52 8,405,745.83 4,034,486.18 6,356,035.86 542,391.78 522,521.95 1,065,950.27 568,889.66 1,447,045.63 2,702,377.00 1,678,423.95
OPERATING INCOME (LOSS)213,686.96 (466,831.88) (161,960.52) 698,942.47 1,076,683.42 (180,701.03) 49,874.57 (158,832.83) (568,889.66) 667,390.73 130,915.50 38,143.41
NON-OPERATING REVENUES & EXPENSES
Interest Revenue 15,883.04 13,204.92 1.86 13,716.28 819.20 1,016.58 245.15 380.31 1,321.84 1,807.29 3,165.12 5,769.74
Contributions - - - 69,770.47 4,190.72 - 55.00 - - 35,860.00 - -
Other Non-Operating Revenue 93,007.51 144,609.85 - 32,738.82 680.00 1,200.00 - - - 23,055.00 35,376.73
Gain (Loss) On Sale Of Fixed Assets - - - - - - - - - - - 13,250.00
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 (133,802.18) 138,714.87 1.86 (40,982.34) 5,689.92 (20,920.92) (10,833.57) 380.31 1,321.84 37,667.29 26,220.12 54,396.47
PLUS ITEMS NOT EFFECTING WORKING CAPITAL
Depreciation 1,339,660.11 1,100,168.73 - 890,720.97 10,977.92 235,525.65 33,648.67 178,720.18 - - 260,465.98 425,854.38
NET WORKING CAPITAL FROM OPERATIONS 1,419,544.89 772,051.72 (161,958.66) 1,548,681.10 1,093,351.26 33,903.70 72,689.67 20,267.66 (567,567.82) 705,058.02 417,601.60 518,394.26
Increase In Contributions - System Development 1 353,880.00 2,275,367.50 - 365,608.06 - - - - - - - -
Increase In Contributions - Area Assessments 224.13 2,253.61 - - - - - - - - - -
Increase In Contributions - Other Governments - - - - - 54,897.06 - - - - - -
Increase In Contributions - Other Funds - - - - - - - - - - - -
Increase In Contributions - FAA - - - - - - - - - - - -
Proceeds of Debt Activity 8,165,373.75 - - 5,235,686.06 - - - - - - - -
Operating Transfers In - - - - - - - 32,886.66 - - - -
Increase In Restricted Net Assets 17,512.38 9,471.98 - - - 5,422.41 - - - - - -
Decrease In Long-Term Receivables - 112,500.00 - - - - - - - - - -
Increase In Deferred Credits - - - - - 8,629.30 - - - - - -
TOTAL RESOURCES OTHER THAN OPERATIONS 8,536,990.26 2,399,593.09 - 5,601,294.12 - 68,948.77 - 32,886.66 - - - -
Net Change In Restricted Net Assets 519,557.92 1,602,434.34 (1,460,182.19) 256,841.35 - 5,422.41 - (21,482.70) - - - -
Increase In Fixed Assets - Salaries 158,741.98 27,798.48 - 72,189.48 - - - - - - - -
Increase In Fixed Assets - Benefits 63,097.57 11,459.84 - 29,818.04 - - - - - - - -
Increase In Fixed Assets - Site Improvements 24,338.75 - - 11,782.20 - - - - - - - 8,470.78
Increase In Fixed Assets - Equipment 3,019.78 3,019.79 - 20,979.98 - - - - - - 20,673.30 83,851.28
Increase In Fixed Assets - Construction 2,822,488.81 93,836.61 - 710,830.40 - 103,977.75 - - - - - -
Operating Transfers Out 50,000.00 50,000.00 - 124,000.00 - - - - - 373,139.96 - 7,000.00
Debt Service Principal 629,868.48 288,261.96 - 140,700.00 - - - - - - - -
TOTAL USES OTHER THAN OPERATIONS 4,271,113.29 2,076,811.02 (1,460,182.19) 1,367,141.45 - 109,400.16 - (21,482.70) - 373,139.96 20,673.30 99,322.06
NET CHANGE IN WORKING CAPITAL 5,685,421.86 1,094,833.79 1,298,223.53 5,782,833.77 1,093,351.26 (6,547.69) 72,689.67 74,637.02 (567,567.82) 331,918.06 396,928.30 419,072.20
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 - July 31, 2013 15,881,702.96 13,167,412.88 1,298,223.53 16,001,681.98 2,111,838.60 812,364.31 254,787.72 165,328.64 1,461,113.26 1,804,959.02 3,282,455.49 5,978,637.14
NET CHANGE IN WORKING CAPITAL 5,685,421.86 1,094,833.79 1,298,223.53 5,782,833.77 1,093,351.26 (6,547.69) 72,689.67 74,637.02 (567,567.82) 331,918.06 396,928.30 419,072.20
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 5,967,762.43 3,832,009.64 - 4,733,428.65 7,432,719.28 8,892.72 572,396.52 657,733.14 - - - -
Interfund Charges For Service - - - - - - - - - 2,035,712.00 2,789,685.00 1,716,567.36
Sewer Metro Service Revenue - - 8,243,785.31 - - - - - - - - -
Rents, Leases, Concessions, & Other - - - - - 352,798.03 - 249,384.30 - 78,724.36 43,607.50 -
TOTAL OPERATING REVENUES 5,967,762.43 3,832,009.64 8,243,785.31 4,733,428.65 7,432,719.28 361,690.75 572,396.52 907,117.44 - 2,114,436.36 2,833,292.50 1,716,567.36
OPERATING EXPENSES
Administration 1,670,596.35 1,193,738.57 - 1,567,825.22 415,006.79 306,487.01 138,478.48 134,286.40 568,889.66 - - 504,150.61
Operations & Maintenance 2,743,819.01 2,004,934.22 - 1,575,939.99 893,917.95 379.12 350,394.80 752,943.69 - 1,447,045.63 2,441,911.02 748,418.96
Waste Management Payments - - - - 5,036,133.20 - - - - - - -
Sewer Metro Services - - 8,405,745.83 - - - - - - - - -
Depreciation & Amortization 1,339,660.11 1,100,168.73 - 890,720.97 10,977.92 235,525.65 33,648.67 178,720.18 - - 260,465.98 425,854.38
TOTAL OPERATING EXPENSES 5,754,075.47 4,298,841.52 8,405,745.83 4,034,486.18 6,356,035.86 542,391.78 522,521.95 1,065,950.27 568,889.66 1,447,045.63 2,702,377.00 1,678,423.95
OPERATING INCOME (LOSS)213,686.96 (466,831.88) (161,960.52) 698,942.47 1,076,683.42 (180,701.03) 49,874.57 (158,832.83) (568,889.66) 667,390.73 130,915.50 38,143.41
NON-OPERATING REVENUES & EXPENSES
Interest Revenue 15,883.04 13,204.92 1.86 13,716.28 819.20 1,016.58 245.15 380.31 1,321.84 1,807.29 3,165.12 5,769.74
Other Non-Operating Revenue 93,007.51 144,609.85 - 102,509.29 4,870.72 1,200.00 55.00 - - 35,860.00 23,055.00 35,376.73
Gain (Loss) On Sale Of Fixed Assets - - - - - - - - - - - 13,250.00
Other Non-Operating Expense (242,692.73) (19,099.90) - (157,207.91) - (23,137.50) (11,133.72) - - - - -
TOTAL NON-OPERATING REVENUES & EXPENSES (133,802.18) 138,714.87 1.86 (40,982.34) 5,689.92 (20,920.92) (10,833.57) 380.31 1,321.84 37,667.29 26,220.12 54,396.47
79,884.78 (328,117.01) (161,958.66) 657,960.13 1,082,373.34 (201,621.95) 39,041.00 (158,452.52) (567,567.82) 705,058.02 157,135.62 92,539.88
Contributions 1 354,104.13 2,277,621.11 - 365,608.06 - 54,897.06 - - - - - -
Transfers In - - - - - - - 32,886.66 - - - -
Transfers Out (50,000.00) (50,000.00) - (124,000.00) - - - - - (373,139.96) - (7,000.00)
TOTAL CONTRIBUTIONS & TRANSFERS 304,104.13 2,227,621.11 - 241,608.06 - 54,897.06 - 32,886.66 - (373,139.96) - (7,000.00)
CHANGE IN FUND BALANCE 383,988.91 1,899,504.10 (161,958.66) 899,568.19 1,082,373.34 (146,724.89) 39,041.00 (125,565.86) (567,567.82) 331,918.06 157,135.62 85,539.88
BEGINNING FUND BALANCE - January 1, 2013 67,719,034.00 73,319,311.00 1,460,182.00 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 - July 31, 2013 68,103,022.91 75,218,815.10 1,298,223.34 50,864,056.19 2,210,815.34 9,292,538.11 911,144.00 8,453,338.14 1,461,113.18 1,747,889.06 4,226,429.62 10,588,460.88
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
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