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HomeMy WebLinkAbout05-16-2011 Agenda Packet Finance Committee May 16, 2011 - 6:00 PM Annex Room 1 AGENDA I. CALL TO ORDER A. Roll Call B. Announcements C. Agenda Modifications II. CONSENT AGENDA All matters listed on the Consent Agenda are considered by the City Council to be routine and will be enacted by one motion in the form listed. A. May 2, 2011 Minutes* B. Claims* (Coleman) Claims check numbers 404006 through 404411 in the amount of $4,272,040.51 and dated May 16, 2011. C. Payroll (Coleman) Payroll check numbers 531317 to 531414 in the amount of $842,893.80 and electronic deposit transmissions in the amount of $1,118,745.19 for a grand total of $1,961,638.00 for the pay period covering April 28, 2011 to May 11, 2011 . III. DISCUSSION ITEMS A. Ordinance No. 6361* (Heid) An Ordinance of the City of Auburn, Washington, amending Ordinance No. 5250, adopted June 21, 1999, prohibiting social card games conducted as a commercial stimulant except for those establishments currently licensed by the Washington State Gambling Commission and/or lawfully operating in the City as of June 7, 1999; establishing penalties for violations; and providing that the moratorium on social card games conducted as a commercial stimulant as established under Ordinances 5249 and 5198 be terminated unless this ordinance is determined to be invalid or unenforceable for any reason B. March 2011 Financial Report* (Coleman) IV. ADJOURNMENT Agendas and minutes are available to the public at the City Clerk's Office, on the City website (http://www.auburnwa.gov), and via e-mail. Complete agenda packets are available for review at the City Clerk's Office. *Denotes attachments included in the agenda packet. AGENDA BILL APPROVAL FORM Agenda Subject: May 2, 2011 Minutes Date: May 11, 2011 Department: Administration Attachments: May 2, 2011 Finance Committee Minutes Budget Impact: $0 Administrative Recommendation: Background Summary: Reviewed by Council Committees: Finance Councilmember:Backus Staff: Meeting Date:May 16, 2011 Item Number:CA.A AUBURN * MORE THAN YOU IMAGINEDCA.A Finance Committee May 2, 2011 - 6:00 PM Annex Room 1 MINUTES I.CALL TO ORDER Chair Backus called the meeting to order at 6:00 p.m. in Conference Room 1 located on the second floor of the City Hall Annex located at One East Main Street in Auburn. A.Roll Call Chair Backus, Vice Chair Lynn Norman and Member Rich Wagner were present. Also present during the meeting were Mayor Peter B. Lewis, City Attorney Daniel B. Heid, Finance Director Shelley Coleman, Public Works Director Dennis Dowdy, and City Clerk Danielle Daskam. Wayne Osborne was also present. B.Announcements There was no announcement. C.Agenda Modifications There was no change to the agenda. II.CONSENT AGENDA All matters listed on the Consent Agenda are considered by the City Council to be routine and will be enacted by one motion in the form listed. A.April 18, 2011 Minutes Vice Chair Norman moved and Member Wagner seconded to approve the April 18, 2011 minutes. MOTION CARRIED UNANIMOUSLY. 3-0. B.Claims Vouchers (Coleman) Claims check numbers 403668 through 404005 in the amount of $2,521,619.67 and three wire transfers in the amount of $217,488.37 and dated May 2, 2011. C.Payroll Vouchers (Coleman) Payroll check numbers 531231 to 531316 in the amount of $299,594.82 and electronic deposit transmissions in the amount of $1,114,098.09 for a grand total of $1,413,692.91 for the pay period covering April 14, 2011 to April 27, 2011. Committee members reviewed the vouchers and briefly discussed claims voucher numbers 403788, 403803, 403852, 403947, 403830, and 403981. Vice Chair Norman moved and Member Wagner seconded to approve the claims and payroll vouchers. Page 1 of 3 CA.A MOTION CARRIED UNANIMOUSLY. 3-0. III.DISCUSSION ITEMS A.Resolution No. 4706 (Dowdy) A Resolution of the City Council of the City of Auburn, Washington, authorizing the Mayor to negotiate and execute an agreement with Puget Sound Energy, Inc for the purpose of relocating power facilities in advance of construction of the A Street NW Extension(A/B Corridor) (C207A)Project Public Works Director Dowdy explained that Resolution No. 4706 authorizes the Mayor to negotiate and execute an agreement with Puget Sound Energy for the relocation of power facilities in advance of construction of the A Street NW Extension (A/B Corridor) Project. The relocation is necessary to construct the roadway improvements. Director Dowdy stated that the cost of the relocation is approximately $112,000. The resolution was reviewed by the Public Works Committee earlier. B.Resolution No. 4707 (Dowdy) A Resolution of the City Council of the City of Auburn, Washington, authorizing the Mayor to execute a Local Agency Supplemental Agreement between the City of Auburn and Washington State Department of Transportation relating to Project No. C207A, A Street NW Extension Public Works Director Dowdy explained that Resolution No. 4707 authorizes the execution of a Local Agency Supplemental Agreement (No. 3) with the Washington State Department of Transportation relating to the funding for Project No. C207A, the A Street NW Extension Project. The supplemental agreement essentially reallocates grant funding that was not used for right-of-way acquisition to the construction phase of the project. Resolution No. 4707 was reviewed by the Public Works Committee earlier. C.Fire Relief and Pension Fund and Other Post Employment Benefits Finance Director Coleman presented the Committee with information on the status of the Fire Relief and Pension Fund and other post employment benefits, primarily consisting of LEOFF 1 active and retired medical and long term care benefits. Finance Director Coleman reported that an actuarial study is performed on the Fire Relief and Pension Fund every two years. As of January 1, 2011, the fund has $2.78 million in assets plus $609,000, present value, in future fire insurance premiums, bringing total assets to $3.389 million. As of January 1, 2011, there is a $272,000 unfunded actuarial accrued liability; however, the liability will be met by the tax revenue from the fire insurance premium tax. Committee members discussed the obligation and impact of the post employment benefits for LEOFF 1. In 2008, the City had an actuarial study performed to determine the Annual Required Contribution (ARC). In 2010, the ARC was $1,712,223. Director Coleman explained that the City can account for the obligation by either setting up an Page 2 of 3 CA.A irrevocable trust or pay obligations as they occur but accrue the difference between the ARC and the actual amount paid as a liability. Finance Director Coleman recommended that, rather than establish an irrevocable trust, the City consider an internal restriction of funds to be made available to pay the costs in future years. Director Coleman suggested a policy to set aside in the Insurance Fund, the difference between what is budgeted for post employment benefits and the amount paid each year. Director Coleman stated that in 2010 approximately $300,000 in unexpended funds that were budgeted for post employment benefits rolled back in to the fund balance. She suggested that through an upcoming budget amendment, the funds be allocated to the Insurance Fund and set aside for future years to meet the LEOFF liability. Committee members agreed. Member Wagner suggested that Finance Director Coleman present the information on post employment benefits to the Auburn LEOFF Board. IV.ADJOURNMENT There being no further business to come before the Committee, the meeting adjourned at 6:30 p.m. APPROVED THIS _______ DAY OF MAY, 2011. ___________________________ ______________________________ Nancy Backus, Chair Danielle Daskam, City Clerk Page 3 of 3 CA.A AGENDA BILL APPROVAL FORM Agenda Subject: Claims Date: May 11, 2011 Department: Finance Attachments: Claims Vouchers Budget Impact: $0 Administrative Recommendation: Background Summary: Reviewed by Council Committees: Finance Councilmember:Backus Staff:Coleman Meeting Date:May 16, 2011 Item Number:CA.B AUBURN * MORE THAN YOU IMAGINEDCA.B 7 O Q d O R CL O C O O V N O I O O V O co O 0 O N N OO M O V O V co O O LO O I tI O M 6 O O O r rn r O V 06 O M n O O N M LO M O N CO M r m M N N N N R 0 J of a W a X W ofU Q H a of a Y w UO U U a U U U U z W LUofW X W of J W U H am Z of U W 0 a M U O 2 Q U U of m O of Q z J W of D Z EE a w U U w 3 O of W w U Z U W Z W O Y w U O U Q H of O a U O W Z M O M O V J V M O V MM V Z V O 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M M OO O V p LO La m LO N co O O r h LOLO O O 0 CD N M M O r M r LO Q MM N N N d R a 00000 z w w U o 75 J M d U 0 m U r m W r N E N N O H 0 H O 7 Q LO LO M O O N MM M W V 0 z N V a U V UM U u O U O CO O O U O O N O 0 N O 0 OcoaNN00000 U O LL 0 0 LL lO W C d r 00 co x co N 0 O p M p M 00 X I LO 0 LO LO m LO 7 LO m Ln N Ln N Ln M L O 0 O LL N 00 O N LL O or CL t 0 fA N J N 0 N 0 fA d W O 00 00 N 00 N N OO M M LV 1 M 00 m Q J O N U Ln 0 n 0 U O V Ir V 0 Ln n N i J QZO U O O 0 O V a 3 LO z V O N M LO 0 C r O 00 NU ON 0 0 M U MJQ W Z EE 0 Z Z O 0 U D 0 H H w B Q w UJ M U D M Q Z Z 1 1 0 d M O LU 2 O U z1N3 3 N r 1 D C140 00 LO C Ln O O V OOO O O N a D N d0000 0 0 O O O 0 COCOCO CO CO CO N 0 O LOLOLO LO LO LO r r U O O O 00 0 O O N Y VV VVVV V L m V VVV V V 0 LO O 0 6d CA.B D O r d R CL N i J N L Q U O y U C a D N O O N 7 O Q 00 M 6 d LO X 0 O l E N L Lo LO MM MOW M W WWW W O2 U O2 XO2 N Ln L1J Ln N Ln H O M O N O W C W W LO H M e e d c COCO V N La LaLn00 N C6 O O N ao 0 N N r N r N O a O LO c 0 O N U N cn J Q Z O Q Z ry W H Z M W Z O N 0 00 a D a I N y O N O 0 M O O LO r N r Q O L r N V N N Y V L m 0 V O m L w t Y V C 0 R 0 m 7v 16 H O O OO O V Q Y L R Hw L W N N d d 7 7 La La CD a O N6d CA.B i iCE CL N i J N L Q U O y U N 0 c a N p N 0 O d D Q LL w U W W w O w co of w V p w 0 Lu J 3 O Y d 0 U p J LL O r r Q O L N V N N Y V C 7m O w U Z Q Z LL LL O of O U w of 0 2 U of w m w 2 of w m w 2 CA.B AGENDA BILL APPROVAL FORM Agenda Subject: Ordinance No. 6361 Date: May 10, 2011 Department: City Attorney Attachments: Ordinance No. 6361 Budget Impact: $0 Administrative Recommendation: City Council introduce and adopt Ordinance No. 6361. Background Summary: In 1999, the City Council adopted its Ordinance No. 5250 which restricted new card games (gambling licenses for card games) within the City to only those establishments currently licensed by the Gambling Commission. The question has arose about the scope of that restriction, such that it is appropriate to provide clarification of the terms of Ordinance No. 5250. The clarification is provided in the proposed Ordinance No. 6361 so that card game activities can be pursued, and gambling licenses sought, by any establishment licensed, as of June, 1999, to engage in any gambling related activity, other than punch boards and pull tabs, regulated by the Washington State Gambling Commission or any other state agency authorized to license and regulate any gambling related activities. O7.1 Reviewed by Council Committees: Finance Councilmember:Backus Staff:Heid Meeting Date:May 16, 2011 Item Number:DI.A AUBURN * MORE THAN YOU IMAGINEDDI.A ORDINANCE NO6 3 6 1 AN ORDINANCE OF THE CITY OF AUBURN WASHINGTON AMENDING ORDINANCE NO 5250 ADOPTED JUNE 21 1999 PROHIBITING SOCIAL CARD GAMES CONDUCTED AS A COMMERCIAL STIMULANT EXCEPT FOR THOSE ESTABLISHMENTS CURRENTLY LICENSED BY THE WASHINGTON STATE GAMBLING COMMISSION ANDOR LAWFULLY OPERATING IN THE CITY AS OF JUNE 7 1999 ESTABLISHING PENALTIES FOR VIOLATIONS AND PROVIDING THAT THE MORATORIUM ON SOCIAL CARD GAMES CONDUCTED AS A COMMERCIAL STIMULANT AS ESTABLISHED UNDER ORDINANCES 5249 AND 5198 BE TERMINATED UNLESS THIS ORDINANCE IS DETERMINED TO BE INVALID OR UNENFORCEABLE FOR ANY REASON WHEREAS the City had previously established a moratorium on the issuance of additional licenses by the State Gambling Commission of Social Card Games conducted as a commercial stimulant for the purposes of studying its affects and to receive public input in accordance with City of Auburn Ordinance Numbers 5198 and 5249 and WHEREAS in connection therewith the City reviewed the effects of casinos and gambling in other communities in nation and received public input at its public hearings and WHEREAS during the public hearings held in connection with City of Auburn Ordinance Numbers 5198 and 5249 both the general public and operators of social card games conducted as a commercial stimulant provided input to the City Council and WHEREAS also in connection therewith the Planning Commission reviewed and made recommendations to the City Council and Ordinance No 6361 April 22 2011 Page 1 of 6 DI.A WHEREAS RCW 946295 authorizes municipalities to prohibit certain gambling activities otherwise authorized and WHEREAS after receiving public input in connection with City of Auburn Ordinance Numbers 5198 and 5249 and having been advised of the action taken by neighboring municipalities the City deemed it to be in the public interest and welfare to prohibit certain social card games as defined in RCW 9460282 and WHEREAS the City Council in Ordinance No 5250 found that the State legislature in amendments to the State Gambling Act allowed certain enhanced card rooms which are commonly referred to as minicasinos and WHEREAS the City Council also found that as a result of this authorization there has been established a number of minicasinos in the South King County Region and WHEREAS the City Council also found that there are adverse affects as the result of the establishment of the minicasinos which include but are not limited to perceptions by residences and businesses of the negative affect that such minicasinos would have and therefore do not desire to have a residence or a business in the same municipality where such exist and WHEREAS the City Council also found that under the Growth Management Act GMA the City is required to infill and provide high density development within its boundaries and the establishment of minicasinos could be adverse to attracting occupants for such developments and Ordinance No 6361 April 22 2011 Page 2 of 6 Y DI.A WHEREAS the City Council also found that the establishment of mini casinos is not in harmony with the Comprehensive Plan as it has a negative affect on the attraction of business and residential development into the urban area and WHEREAS the City Council also found that prohibiting social card games conducted as a commercial stimulant is an exercise of the Citys police powers pursuant to legislative authority per RCW 946295 and in the best interest ofthe general health safety and welfare of the citizens of the City and WHEREAS the City Council also found that Ordinance No 5250 had no adverse environmental affect and WHEREAS the City Council also found that Ordinance No 5250 was in harmony with the Comprehensive Plan and WHEREAS sincethe time oftheadoption of Ordinance No 5250 a need for clarification of its terms has been identified insofar as the language of Section 3 of Ordinance No 5250 does not clearly indicate the legislative intent that any establishments licensed by the Washington State Gambling Commission andor lawfully operating any type of gambling activity in the City as of June 7 1999 may operate social card games as a commercial stimulant and WHEREAS it is appropriate to amend the language of Ordinance No 5250 to provide such clarification Ordinance No 6361 April 22 2011 Page 3 of 6 DI.A NOW THEREFORE THE CITY COUNCIL OF THE CITY OF AUBURN KING COUNTY WASHINGTON DO HEREBY ORDAIN THAT ORDINANCE NUMBER 5250 ADOPTED JUNE 21 1999 BE AMENDED AS FOLLOWS Section 1 The City finds as set forth above Section 2 In accordance with RCW 946295 the operation or conduct of socialcard games by a person association or organization as a commercial stimulant is prohibited within the City of Auburn provided that bona fide charitable or nonprofit organizations may operate or conduct social card games if social card games have been duly licensed by the Washington State Gambling Commission and if they are otherwise operator conducted and in compliance with the Auburn City Code Section 3 Those establishments GUOently licensed by the Washington State Gambling Commissionor any other state regulatory agency that authorizes and licenses gambling activities ands lawfully operating in the City as of June 7 19991 may Gdhtinue operate social card games as a commercial stimulant provided that forthe purposes hereof the licenses referred to do not include licenses for punchboards andor pulltabs It is further provided that this ordinance does not authorize gambling activities to be increased to additional locations not contiguous to and part of the same ownership of the existing licensed activity Ordinance No 6361 April 22 2011 Page 4 of 6 DI.A Section 4 Any person who violates or fails to comply with the provisions of this chapter shall be guilty of a misdemeanor and punishable pursuant to Auburn City Code Section 5 For the purposes ofthis ordinance the words and terms used herein shall have the samemeaning given to each pursuant to RCW Chapter 9466s the same may exist and from time to time be amended and is set forth in the Rules of the Washington State Gambling Commission Chapter 230 Washington Administrative Code the same may exist or hereafter be amended unless otherwise specifically provide herein Section 6 SEVERABILITY If any provision of this ordinance or Ordinance No 5250 is determined to be invalid or unenforceable for any reason the remaining provisions shall remain in force and in effect and the moratorium established under Ordinance 6249 and Ordinance 5198 shall be in effect and shall run six 6 months from the date of the determination of invalidity or unenforceability Section 7 EFFECTIVE DATE This ordinance shall effect and be in force five 5 days from and after he passage approval and publication as required by law Ordinance No 6361 April 22 2011 Page 5 of 6 E DI.A INTRODUCED PASSED APPROVED CITY OF AUBURN PETER B LEWIS MAYOR ATTEST Danielle E Daskam City Clerk APP D OR D el Heid A o ne Published r Ordinance No 6361 April 22 2011 Page 6 of 6 DI.A AGENDA BILL APPROVAL FORM Agenda Subject: March 2011 Financial Report Date: May 10, 2011 Department: Finance Attachments: March 2011 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 financial affairs throughout the City 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 March 2011 status report highlights City revenues and expenditures and is based on financial data available as of April 18, 2011. Sales tax reported in March is for business activities that occurred in January 2011. General Fund: The general fund accounts for all of the City's financial resources except those required by statute or to be accounted for in another fund. The General Fund is the City's largest fund and is used to account for the majority of City services. Total General Fund revenues for the City at the end of March were $10.1 million which is 20.3% of the annual budgeted revenues. Compared to budgeted year-to-date revenues, total General Fund revenue is $461.6K higher than anticipated due to relatively stronger than anticipated collections in sales taxes, intergovernmental revenues and utility (electric) taxes. The City's sales taxes totaled $3.2 million and continues to improve over the previous year. Improvement in retail activity were noted in all areas with the exception of construction which remain weak. Expenditures for the General Fund totaled $10,994,506 which is $1,967K (15.2%) under the projected year to date budget at the end of March. This is primarily due to professional services, transfers out and intergovernmental payments for SCORE that are anticipated to be made in later periods. While total General Fund expenditures exceeded revenues through the month of March, this reflects the timing of revenues such as property taxes in which the majority of this revenue source is received twice a year (April and October). EnterpriseFunds: 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 1st quarter the Water fund revenues are lower than average due to the loss of Covington as a wholesale customer and a general decline in water sales. Sewer revenues are low compared to expenses due to timing of payments to Metro for sewer services. Metro bills the City for commercial accounts based on the average prior period usage rates which were higher than current revenues. Storm fund revenues are on target and are sufficient to meet expenses. Golf Course revenues are low during the 1st quarter due to the current economic climate and lower than average weather conditions that have impacted the number of rounds played during the winter months. Internal Service Funds: Internal Service Funds provide services to other City departments and include functions such as Insurance, Facilities, Information Services, and Equipment Rental. At the end of the first quarter 2011, revenue from charges assessed to internal client departments were sufficient to meet expenses. Expenses for the insurance fund during the first quarter included payment of the annual insurance premium and will offset by allocations to various departments that will occur throughout the remainder of the year. AUBURN * MORE THAN YOU IMAGINEDDI.B Investment Portfolio: At the end of March, the City's total value of cash and investments was $107.2 million and compares to $109.5 million in February. The change was due to movement of funds from the State Investment Pool and Money Market fund to cover current operations and capital expenses. Reviewed by Council Committees: Finance Councilmember:Backus Staff:Coleman Meeting Date:May 16, 2011 Item Number:DI.B AUBURN * MORE THAN YOU IMAGINEDDI.B Monthly Financial Report March 2011 General Fund 2011 2010 2011 YTD Budget vs Actual Summary of Sources and Uses Favorable Unfavorable Annual Budget YTD Budget YTD Actual YTD Actual Amount Percentage OPERATING REVENUES I Property Tax 12022340 426500 519174 453373 92674 217 Sales Tax 1 14295000 3528500 3688311 3444 99 159811 45 1111 1 Sales Tax Annexation Credit 1356 600 350500 363635 346609 13135 37 Criminal Justice Sales Tax 1177600 306300 327712 318624 21412 70 Brokered Natural Gas Tax 260000 81600 107056 77967 25456 312 City Utilities Tax 2522800 621800 578787 568693 43013 69 Admissions Tax 350000 80800 62344 73142 18456 228 Electric Tax 2850000 702000 789549 746132 87549 125 Natural Gas Tax 1270410 296300 268472 255003 27828 9411o Cable TV Franchise Fee 689800 172400 204994 n 193004 32594 18900 Cable TV Franchise Fee Capital 75000 18600 159993 2607 14096 1111 Telephone Tax 1972900 457200 512939 549418 55739 122 Garbage Tax external 150000 35000 39633 39215 4633 132 Leasehold Excise Tax 45000 15800 12346 9611 3454 219 Gambling Excise Tax 326500 73900 60029 162734 13871 188 Business License Fees 200000 73000 85379 11919 12379 170 Building Permits 700000 135700 173688 181701 37988 280 Other Licenses Permits 229000 53500 s 59420 77607 5 920 111 Intergovernmental Grants etc w rvmrvP 3841685 887210 989413 1041006 102203 115 h rges for Services General Government Services 646 18000 21778 26084 3778 21 T blic Safety v M 210000 59200 64040 62145 4840 82 Development Services Fees 627000 161300 85761 176336 75539 1168 Culture and Recreation 877500 262400 221544 257807 40 856 156 Fines and Forfeits 2208500 597200 569920 712709 27 280 46 Interests and Other Earnings mm 110000 35400 18468 37521 16932 1178 Rents Leases and Concessions 315 000 88100 121342 91 096 33242 37 7 F Contributions and Donations 12 000 3000 9209 14806 6209 2070 w Other Miscellaneous 46200 26300 15263 127158 11037 420 Transfers In 1079468 78500 78439 17000 61 01 Insurance Recoveries Capital Operating 25000 6300 49239 29533 42939 6816 Total Operating Revenues 49909903 9652310 10113879 10102252 461569 48 Operating Expenditures Council Mayor 851470 223670 177759 165689 45911 205 Municipal Court Probation 3216460 756160 704107 626395 52053 69 Human Resources 815360 199660 186725 165884 12935 65 Finance 1159740 283740 265011 260392 18729 66 4CityAttorney1659560441560560 36064747 366479 80980913 183 Planning 3721770 974970 853275 805317 121695 125 m Community Human Services 1092980 221380 203795 203428 17 585 7 9 Jail SCORE 6087470 1407370 443103 964267 685 i Police 19668 600 4628900 4556878 5247090 72022 16 605 400 537 979 603 682 67421 111jEngineering415200 Parks and Recreation 7353440 1765940 1588 680 1539639 177260 100110 J Streets 3183130 796330 658 274 654096 138056 173 a NonDepartmental 4049500 656500 458272 823493 198228 302 Toial Operating Expenditures 55274680 12961580 10994506 11461584 1967074 152 1 The anticipated Streamlined Sales Tax for 2011 is 1965470 The year to date actual sales tax amount is adjusted to include 498293 SST Mitigation the City received from the State for the 11t quarter of 2011 Page 1 of 16 DI.B Monthly Financial Report March 2011 Overview This financial overview reflects the Citys overall financial position for the fiscal year through March 31 2011 The report represents financial data available as of April 18 2011 The budgeted year to date revenues and operating expenses are primarily based on the collectiondisbursement average for the same period of the two prior years The table on the previous page summarizes the General Fund revenues and expenditures At the end of March General Fund revenues totaled 101 million and is at the same level for the Pt quarter of 2010 The increase in revenue from sales tax collections have been offset by decreases in developmental service fees and fines and penalties primarily from photo enforcement revenues Sales taxes continue to show signs of improvement reflecting the general improvement in the local and national economies Rents leases and concessions are up approximately 33k over the same period 2010 due to deposits for park facility rentals Culture and recreational charges forservices are down 41k over the same period last year reflecting a decline in the number of attendees for feebased parks and recreation classes General Fund expenses at the end of February totaled 11 million compared to 115 million for same period 2010 When compared to budget General Fund expenses were 152 below expectations reflecting the timing of intergovernmental payments for SCORE interfund transfers and underexpenditures in professional services At this writing February and March payments to SCORE are underway and expenditures for this item is expected to be inline with budget by the next quarter Revenues Through the end of March General Fund revenues totaled 101 million The combined total of of property tax salesuse tax utility tax gambling and admissions tax represents 747 of all resources supporting general governmental activities The following section provides detail information on property and sales taxes Property Tax Year to date collection at the end of March is 519174 and is on target with expectations The majority of property tax revenues are collected during the months of April and October coinciding with the due date for County property tax billings Property Taxes 140 120 i i 100 i i i o 80 2011 budget 2011 actual to date 60 i 2010 actual i 40 i i i i 20 i 00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Page 2 of 16 DI.B Monthly Financial Report March 2011 Sales Tax At the end of March sales tax revenue including Streamlined Sales Tax Mitigation of 498293 totaled 3688311 and is 244K or 71 more than 2010 and 1598K greater than the current YTD budget Total estimated Streamlined Sales Tax Mitigation for 2011 is 1965470 but the actual amount the City will receive from the State is reduced by taxes received from companies that have voluntarily complied with the new destination based sales tax Review of sales tax returns by SIC sector indicate continued improvement in nearly all sectors of the local economy reflecting the broader economic conditions of the region and nation Weakness was noted in the heavy construction and general building contractor sectors reflecting the continued weakness in overall construction activity While there is some strengthening of the general economy shortterm threats to the pace of the recovery remain and include continued weakness in the labor market rising energy prices and an unstable geopolitical climate in the north African and middleeastern areas of the world Sales UseTax 160 140 120 100 c 2011 budget 80 2011 actual to date 60 2010 actual 40 20 00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Includes Sales Tax Mitigation prorated monthly Page 3 of 16 DI.B Monthly Financial Report March 2011 The following table breaks out the Citys base sales tax excluding Criminal Justice Annexation Credit and Streamlined Sales Tax Mitigation by major business sectors Comparison of Sales Tax Collections by SIC Group Year to Date through March 2010 2011 Change from 2010 Component Group Actual Actual Amount Percentage New Construction 331589 311897 19692 59 Manufacturing 95139 180612 85473 898 Transportation Warehousing 6869 16008 9139 1330 Wholesale Trade 294273 303530 9257 31 Automotive 573342 641563 68221 119 Retail Trade 971918 1067495 95577 98 Services 712783 691133 21650 30 Miscellaneous 10922 17870 6948 636 YTD Total 2996835 3230108 233273 78 Utility Tax This revenue source consists of City interfund utility taxes Water Sewer Storm and Solid Waste and external utility taxes Electric Natural gas Telephone and Solid Waste Year to date utility tax revenue is in line with expectations and totaled 2189380 or 309K 14 more than 2010 Overall the 2011 actual revenues are greater by 771K or 36 more than budgeted tax revenues The main source of this increase is attributed to higher than anticipated revenues from the electric and telephone utility taxes Utility Tax 100 90 80 70 60 2011 budget 50 2011 actual to date t 2010 actual 30 20 10 00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Page 4 of 16 DI.B Monthly Financial Report March 2011 The following table presents utility tax collections by source Utilty Tax by Type Year to Date through March 2010 2011 2011 2011 vs 2010 2011 vs Budget Month Actual Budget Actual Amount Percentage Amount Percentage City Interfund Utility Taxes 568693 621800 578787 10094 18 43013 69 Electric 746132 702000 789549 43417 58 87549 125 Natural Gas 255003 296300 268472 13469 53 27828 94 Telephone 549418 457200 512939 36479 66 55739 122 Solid Waste 39215 35000 39633 418 11 4633 132 YTD Total 2158460 2112300 2189380 30920 14 77080 36 Annual Total 8591258 8766110 Cable TV Franchise Fees are received quarterly and are shown on the table below Year to date revenues total 204994 and are 12K or 62 greater than 2010 for the same period and 326K or 189 greater than the 2011 year to date budget Cable TV Franchise Fee 900 800 700 600 500 2011 budget 400 2011 actual to date 300 2010 actual 200 100 0 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Licenses and Permits This revenue source is comprised of business licenses building permits plumbing electric and other licenses and permit feesAt the end of March the City has collected 285 of the annual projected revenue from licenses and permits Building permit fees and Business licenses make up 80 of the annual budgeted revenue in this category Page 5 of 16 DI.B Monthly Financial Report March 2011 Total building permit revenues at the end of March were 173688 this was 38K or 28 more than budgeted year to date revenues in 2011 Building Permits 900 800 700 600 500 Nrr 2011 budget 3 400 2011 actual to date o 300 2010 actual 200 100 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Business License revenues at the end of March were 735K more than 2010and 124K or 17 more than the 2011 year to date budget Revenues are higher compared to 2010 for the same period due to the change in timing of payments In prior years payments received mid year were for a 12 month period In contrast starting July 2010 these payments were only for the last 6 months of the year Business license fees were billed again in December to cover a full year in 2011 Business License 250 200 150 i 2011 budget 2011 actual to date o 100 i 2010 actual 50 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Page 6 of 16 DI.B Monthly Financial Report March 2011 Intergovernmental Revenues in this category include Grants Direct Indirect Federal State and Local State shared revenues and compact revenue from the Muckleshoot Indian Tribe At the end of March intergovernmental revenues were 50 less than 2010 and 115 more than budget mainly due to the timing of proceeds from the Muckleshoot compact This revenue is negotiated yearly and fluctuates according to the Tribess net profits from gaming activities Timing of grant revenue varies as they are processed on a reimbursement basis Intergovernmental Year to Date through March 2010 2011 20112011 vs 2010 2011 vs Budget Revenue Actual Budget Actual ChangeChange Federal Grants 12864 19100 557 957 971 State Grants 19627 100000 NA Interlocal Grants 19242 14500 12501 350 138 State Shared Revenue 621043624510 629391 13 08 Muckleshoot Casino Emerg 368231 229100 335525 89 465 Intergovernmental Service 11440 NA NA YTD Total 1041006 887210 989413 50 115 Annual Total 4089803 3841685 YTD 25 23 26 Total state shared revenues are 83K greater than the same period 2010 due to the new revenue source for Criminal JusticeHigh crime Based on crime statistics starting July 2010the City began receiving this revenue source which partially offset a decrease in revenues from Criminal Justice Population At the end of March total state shared revenues are in line with the budget and are only 49K or 08 higher than year to date budget State Shared Revenues Year to Date through March 2010 2011 2011 2011 vs 2010 2011 vs Budget Revenue Actual Budget Actual Amount Percentage Amount Percentage Trial Court Improvements 5680 3400 11234 5554 978 7834 23041 Court Interpreter Program 4931 4931 NA 4931 NA Motor Vehicle Fuel Tax 346834 340700 346149 685 02 5449 16 Criminal Justice High Crim 37100 37353 37353 NA 253 068 Criminal Justice Population 17034 12980 3817 13217 776 9163 706 Criminal Justice Spec Prog 14056 13600 14412 356 25 812 60 State DUI 3156 1000 3107 49 16 2107 2107 Fire Insurance Premium Tax NA NA Liquor Excise Tax 80826 83000 81197 372 05 1803 22 Liquor Profits 153457 132730 127191 26266 171 5539 417 YTD Total 621043 624510 629391 8348 13 4881 08 Annual Total 2594749 2570785 Page 7 of 16 DI.B Monthly Financial Report March 2011 Charges for Services This revenue source consists of general governmental services public safetydevelopment service fees and cultural recreation fees Development services and culture recreation revenues make up approximately 85 of the 178 million annual budget for this category and are presented following the Charges for Service table below At the end of March 393124 or 221 of the annual budget has been received for all charges for services General government services include passport services administrative fees court duplicating costs and sale of maps publications This income category is low compared to 2010 primarily due to a decrease in court related admistrative fees and passport services revenue Public Safety consists of lawenforcement services probation and prisoner lodging fees overall this revenue source is 48K or 82 more than budget at the end of March due to increased receipts from probation fees This revenue accounts for 60K of the 64K received to date for public safety Charges for Services by Type Year to Date through March 2010 2011 2011 2011 vs 2010 2011 vs Budget Revenue Actual Budget Actual Amount Percentage Amount Percentage General Government 26084 18000 21778 4306 1651 3778 2099 Public Safety 62145 59200 64040 1896 31 4840 82 Development Services 176336 161300 85761 90575 514 75539 468 Culture Recreation 257807 262400 221544 36262 141 40856 156 YTD Total 522372 500900 393124 129248 247 107776 215 Annual Total 1861204 1779100 Development services include engineering fees zoning subdivision fees and plan check fees At the end of March revenues totaled 85751 and is 514 or 906K less thanthe same period in 2010 Total development service revenue is less than the budget for the year by 755K or 468 primarily due to lower than anticipated engineering and plan check fees revenue Development Service Fees 800 700 600 500 2011 budget 40051 3 i 2011 actual to date s 300 2010 actualH 200 100 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Page 8 of 16 DI.B Monthly Financial Report March 2011 Culture Recreation revenues consist of theater ticket sales recreational classes arts commission and senior citizen program fees Total revenue at the end of March shows a decrease of 363K from 2010 and 409K less than 2011 annual budget primarily due to lower recreational classes revenue from adult health fitness classes adult softball program youth camp and sports programs Culture Recreation 1000 900 800 oo 600 500 1 2011 budget y 2011 actual to date s 400 2010 actual 300 AOF200 100 r0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Fines Penalties This revenue category includes traffic and parking infraction penalties criminal traffic non traffic and costs false alarm and shopping cart fines Year to date this revenue source is 569920 or 20 less than 2010 for the same period and 273K or 46 lower than the projected budget The overall decrease in March is primarily due to lower photo enforcement revenues Fines Penalties 30 25 20 c i 2011 budget 15 2011 actual to date 2010 actual 05 00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Page 9 of 16 DI.B Monthly Financial Report March 2011 Fines Forfeits by Type Year to Date through March 2010 2011 2011 2011 vs 2010 2011 vs Budget Month Actual Budget Actual Amount Percentage Amount Percentage Civil Penalties 6697 3800 4983 1714 256 1183 311 Civil Infraction Penalties 226022 151800 190321 35701 158 38521 254 Red Light PhotoEnforcement 355694 328900 248649 107045 301 80251 244 Parking Infractions 50508 42700 45818 4691 93 3118 73 Criminal Traffic Misdemeanor 24969 30100 24155 814 33 5945 198 Criminal NonTraffic Fines 33289 27600 24442 8847 266 3158 114 Criminal Costs 3308 3400 4295 988 299 895 263 NonCourt Fines Penalties 12223 8900 27257 15034 1230 18357 2063 YTD Total 712709 597200 569920 142789 200 27280 46 Annual Total 2472411 2208500 Photo Enforcement 14 12 I10 08c 2011 budget 06 2011 actual to date 2010 actual 04 i0 2eo 100 0 r r Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Page 10 of 16 DI.B Monthly Financial Report March 2011 Miscellaneous This revenue source is comprised of interest and other investment earnings rents leases concessions contributions donations and other miscellaneous income The 2011 budget for this revenue category is 483200 and interest investment and rentals leases make up 88 of the annual budget Decreased interest revenue reflects impact of timing of investment activity and the decline in the financial markets the Local Government Investment Pool interest has decreased from 028 in January 2010 to 023 in March 2011 The increase in rentals leases compared to 2010 revenue and 2011 year to date budget is primarily due to revenue from park facility rental deposits Other miscellaneous revenue is budgeted conservatively and year to date 2010 receipts are higher than 2011 for the same period because of a 156K reimbursement for General Fund in January 2010 Miscellaneous Revenues by Type Year to Date through March 2010 2011 2011 2011 vs 2010 2011 vs Budget Month Actual Budget Actual Amount Percentage Amount Percenta e Interest Investments 37521 35400 18468 19052 508 16932 478 Rents Leases 91096 88100 121342 30246 332 33242 377 Contributions Donations 14806 3000 9209 5597 378 6209 2070 Other Miscellaneous Revenue 127158 26300 15263 111895 880 11037 420 YTD Total 270581 152800 164282 106299 393 11482 75 Annual Total 899378 483200 Real Estate Excise Tax The Real Estate Excise Tax REET revenue is received in the Capital Improvement Projects Fund and is used for governmental capital projects Total revenue at the end of March is 2794K or 1589 more than 2010and 247K or 1186 more than budget This sharp increase in REET revenue is primarily due to a large commercial property transaction that occurred in March along with the continuing recovery in the residential and commercial markets Real Estate Excise Tax 14 12 10 08 0 2011 budget 06 2011 actual to date Ile 2010 actual 04i02 i 00 rFr JanFeb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Page 11 of 16 DI.B Monthly Financial Report March 2011 Enterprise Funds The table below provides an analysis of all City Enterprise funds and shows the year to date revenues and expenditures for each enterprise fund Water Sewer Storm Solid Waste Airport Cemetery Golf OPERATING REVENUES u m Charges for services 1880914 4114180 1694 014 2224084 6471 188231 108804 Rents Leases Concessions Other i 1 156738 10203 TOTAL OPERATING REVENUES 1880914 4114180 i 1694014 2224084 163208188231 119006 OPERATING EXPENSES d Administration 599563 473556 610749 181595 163817 70012 58997 Operations Maintenance 932877 3707729 605026 1521110 31 135762 223840 Depreciation Amortization 525163 kmN 415417 331734 1 4705 108791 14678 82162 TOTAL OPERATING EXPENSES 2057604 r 4596701 1547509 1707409 272639 220452 364999T a OPERATING INCOME LOSSti 176690 482521 146505 516674 i 109431 32221 245992 l NONOPERATING REVENUES EXPENSES Interest Revenue 10236 23320 4215 265 1 638 3 73 Other Non Operating Revenue 165 648 200 5 Other Non Operating Expense 838 78TOTALNONOPERATINGREVENUESEXPENSESG10072233204862265 INCOME LOSS BEFORE CONTRIBUTIONS TRANSFERS J 166619 459201 151367 1 516939 1 108593 32143 245992 j t Contributions 3798 4 77546 65397 1JTransfersIn 38918 Transfers Out 50000 50000i 960001 TOTAL CONTRIBUTIONS TRANSFERS 12 0161 27546 3060 3 3891 i CHANGE IN FUND BALANCE 178635 431655 120764 516939 108593 32143 242102 BEGINNING FUND BALANCE January 1 2011 58962689 67629064 40956334 j 923810 9705318 3 865780 11 5210529 ENDING FUND BALANCE March 31 2011 Y 58784055 67197409 j 41077098 1440749 9596725 833637 j 4968427 Page 12 of 16 DI.B Monthly Financial Report March 2011 The Water utility incurred an operating loss at the end of March reflecting a decline in water sales from 21 million for the 11t quarter 2010 to 19 million for the same period 2011 The decline in water sales is due to the loss of Covington as a wholesale water customer and a general decline in water usage among other City customer classes Despite a rate increase of 7 effective January 1 2011 the changes noted above more than offset the increase in rates While water sales are expected to increase as the weather warms overall sales for 2011 will likely remain below 2010 levels for the remainder of the year Finance plans to prepare an updated financial analysis of the Water utility and rate revenue sufficiency by summer or early fall Water Revenues vs Water Sold ccf 2010 Present 1200000 1000000 800000 42010 Water Sales 2011 Water Sales 600000 f 2010 Water Sold ccf A 2011 WaterSold ccf 400000 200000 yo dodo dododo do yo do dodo do ate yep Sat Pic aJ J J pJgo yeQ Oec March operating expenses for the Sewer utility reflect the timing of payments to King County for Metro sewer treatment services Metro billings for the 1St quarter 2011 totaled 31M and compares to 25M for the same period 2010 Billings for sewer treatment services are based on the average number of residential customer equivalents for the previous 12 months and include adjustments for Boeing and GSA during 2010 Billings for sewer treatment services are not expected to normalize until the 3d quarter 2011 when the effects of the timing of these adjustments are worked through the Metro billing cycle Golf Course operating revenues totaled 116K for the Pt quarter 2011 and compares to 173K for the same period 2010 due to a decline in the level of golfing activity as a result of the current economic conditions coupled with below average weather conditions During the 11t quarter of 2011 the Golf Course has experienced lower rounds played as it has rained 29 of the 38 weekend days througout this period In addtion the Golf Course was closed for 23 days during the 1St quarter of 2011 due to snow and flooding While revenues are anticipated to increase during the spring and summer months as playing conditions become more favorable operating losses at the Golf Course are expected to continue for the remainder of 2011 Page 13 of 16 DI.B 12 Monthly Financial Report March 2011 Golf Course Operating Revenues 300 250 200 i 150 2011 actual to date 2010 actual F 100 50 j O Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Page 14 of 16 DI.B Monthly Financial Report March 2011 Internal Service Funds The table below provides an analysis of all City Internal Service funds and shows the year to date revenues and expenditures for each fund Information Equipment Insurance Facilities Services Rental OPERATING REVENUES Interfund Charges for services 970824 1039857 709895 Rents Leases Concessions Other 179 6072 TOTAL OPERATING REVENUES 971003 1045929 709895 OPERATING EXPENSES Administration 851187 61650 152493 Operations Maintenance 489345 883928 299196 Depreciation Amortization 120402 236593 TOTAL OPERATING EXPENSES 851187 489345 1065980 688282 OPERATING INCOME LOSS 851187 481658 20051 21613 NONOPERATING REVENUES EXPENSES Interest Revenue 785 608 2234 3227 Other Non Operating Revenue 32439 Other Non Operating Expense TOTAL NONOPERATING REVENUES EXPENSES 785 33047 2234 3227 INCOME LOSS BEFORE CONTRIBUTIONS TRANSFERS 850401 514705 17818 24840 Contributions Transfers In Transfers Out 187500 7000 TOTAL CONTRIBUTIONS TRANSFERS 187500 7000 CHANGE IN FUND BALANCE 850401 327205 j 17818 17840 BEGINNING FUND BALANCE January 1 2011 2366832 731686 4918922 10611968 ENDINGFUND BALANCE March 31 2011 1516431 1058891 4901104 10629808 The Insurance Fund expenses include 797070 balance of the annual insurance payment This amount will be decreasing throughout the year as the expense is being allocated to various departments and funds on a monthly journal entry The Facilities Fund revenues of 970824 cover expenses totaling 676845 that include 187500 in transfers out for debt service related to the annex building Equipment rental fund balance of 10629808 includes approximately 46 M in fixed assets net of depreciation which primarily consists of the Citys fleet vehicles Page 15 of 16 DI.B Monthly Financial Report March 2011 Contact Information This report is prepared by the Finance Department Additional financial information can also be viewed at our website httpwwwauburnwagov For any questions about the report please contact us at mchawcauburnwagov or scolemanPauburnwagov Page 16 of 16 DI.B SALE STAXSU M MARY MARCH JANUARY 2011 RETAIL ACTIVITY 11 10YTD 11 WD YTD 236 CB CONSTRUCTION 607355 146050 126902 i 131 441 M V P D 737944 526036 587714 i 117 237 H C C 121822 45450 23469 484 447 G S 210961 47306 53850 1 138 238 S T C 594645 140089 161526 153 TOTAL AUTOMOTIVE 2557905 573342 641563 TOTAL CONSTRUCTION 1323622 331589 311897 Ovu Cna Pv Y d 68221 i 119 Ovr C no Pvr Y iS19691E 5996 10T I e 11 e NAJCS RETAIL MANUFACTURING fNovOcTl Dty 442 F Hm F v 193852 55732 i 54885 i t5 311 F M w9 2062 43 477 1 81 443 Er A 120703 33723 36340 7B 312 Brd T PIl 3610 908 1 981 59 444 B M G 389137 87380 76170 12B 313 121 38 61 631 445 F B Sr 351329 85102 84205 11 314 T P Mu 1682 409 427 i 43 446 H P Cr S 143820 40756 41240 12 315 A M 2202 518 2361 3555 448 C A 730903 203828 216671 i 63 316 L Am P 45 13 8 i 411 451 511g G Hv B 116615 36990 i 39888 78 321 W P MI 30078 11245 5885 477 452 G m 5 801501 237012 315643 332 322 Pr Ma 10842 2844 2979 47 453 M 5 R 504303 124031 129397 43 323 Pra R 5 43243 12674 10988 133 454 N R 234807 67363 73056 85 324 Pm d C P 3320 545 610E 119 TOTAL RETAIL TRADE 3586970 971918 i 1067495 325 C m M 8684 1240 1458 176 Ovu Cn oo P Y f 95x578 9896 326 P R P 9254 2313 2096 94 327 N M P 19031 3482E 2513 278 331 Prv M Mras 189 27 30 83 11 yfD JCS SERVICES Y332FMPoM117110516915090115A 333 My Ma 13445 3995 3106 222 51 L 978115 103033 100895 i 21 334 C E P 12773 2019 3735 850 52 F I 68357 19184 i 15611 i 186 335 Er E A 192 18 E 28 1 572 53 R E R L 288013 70621 68748 27 336 Tr E M 106247 34524 127230 2685 541 P111111 S T 188696 57202 i 45812 i 199 337 Frr R P 12784 4229 2249 468 551 C M g 165 45 41 101 339 M M 27899 8487 8317 20 56 A Sp R S 234384 51775 64403 i 244 TOTAL MANUFACTURING 404813 95139 180612 611 E 11I S 55877 13545 13724 13 0 Cn Pvr Y 85473854731 898 62 H Cr S A 37475 17906 3656 j 796 71 Ar G 153918 68573 i 70262 25 72 A a F 5 806733 191280 19L609 E 02 e 11 81 0 5 385105 98602 i 96896 i 17 D 1 92 P A 109678 21016 19474 73 4B1 A 1 1 24 1 NA TOTAL SERVICES 3306516 712783 691133 i 482 R Tr 4500 606 7598 11541 0 C oo Pv Y 3096 484 T Tr 7660 1736 2688 548 485 T G P11 57 52 39 250 488 T S 13207 3348E 4194 253 11 s 491 P S 194 61 E 61 01 NAICS 492 C MA 993 369 558 514 000 U 754 NA 493 Wr Sr 2574 699 847 1 212 111115 Agr Fry F 2839 1647 1666 12 TOTAL TRANSPORTATION 29185 6869 16008 i 211221 M U 22364 3640 3463 48 0 ch Pr Y Lf 97391 1330 999 U Egym 102180 5636 I 12740 1261 TOTAL SERVICES 128138 10922 17870 0 c n m P1 Y S6 947 i 6369 10 Ti e 40LEALE QCIj 423 W T D G 1020802 254938 265513 i 41 GRANDT a 424 Wo T N 160317 38839 37170 43 425 W 6r M 4320 496 i 847 1 707 TOTAL WHOLESALE 1185440 294273 1 303530 Ov Ce no P Y i f 91571 31 F 282011 M S T R Pr A F P DI.B City of Auburn Investment Portfolio Summary As of March 31 2011 Investment Purchase Purchase Maturity Yield to Type Date Price Date Maturity State Investment Pool Various 87969178 Various 023 KeyBank Money Market Various 6954433 Various 010 US Treasury 05041990 57750 05152016 572 FHLB 222009 100000000 822011 1840 FHLB 3282011 200000000 3282014 1300 FHLB 3282011 200000000 6282013 1000 FNMA 5132010 172500000 11132012 1550 FHLB 5202010 250000000 2202013 1625 FHLMC 6242010 200000000 12242013 1750 FNMA 6302010 100000000 12302013 1750 Total Cash Investments 107206362 0373 Investment Mix of Total Summary State Investment Pool 821 Current 6month treasury rate 016 KeyBank Money Market 65 Current State Pool rate 023 US Treasury 01 KeyBank Money Market 010 FHLB 70 Blended Auburn rate 037 FNMA 25 FHLMC 19 1000 DI.B