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11-13-12 WS Agenda 2 MEETING TYPE Work Session City of Shorewood Work Session Item Meeting Title / Subject: Financial Consultant Presentations Meeting Date: November 13, 2012 Prepared by: Bruce DeJong, Finance Director Reviewed by: Bill Joynes, Interim City Administrator Policy Consideration: Should the City Council select a financial advisory firm? Background: The City Council has discussed the water system and financing mechanisms during the review of the water plan earlier this year. Staff has been in contact with several financial advisory firms to discuss the possibility of refunding our outstanding water fund bonds to save on interest expense. These firms will provide presentations to the City Council to assist in determining which firm to select. The three firms, which will present in alphabetical order are: Ehlers, Inc. – Roseville, MN Northland Securities, Inc – Minneapolis, MN Springsted, Inc. – St. Paul, MN Northland Securities has provided financial advisory services for the City and EDA Recommendation / Action Requested: Staff recommends that the City Council interview the firms, review the materials, and make a selection of financial advisor at the meeting of November 26. Next Steps and Timelines: Once a financial advisor is selected, staff will work with them to craft a preliminary refunding analysis and call for sale to be adopted by the City Council. Connection to Vision / Mission: This process contributes to excellent financial management by providing high quality, reliable public utility services at a low cost. Mission Statement: The City of Shorewood is committed to providing residents quality public services, a healthy environment, a variety of attractive amenities, a sustainable tax base, and sound financial management through effective, efficient, and visionary leadership. Page 1 3 MEETING TYPE Work Session City of Shorewood Work Session Item Meeting Title / Subject: 2013 Capital Improvement Plan and Enterprise Budgets Meeting Date: November 13, 2012 Prepared by: Bruce DeJong, Finance Director Reviewed by: Larry Brown, Public Works Director Bill Joynes, Interim City Administrator Attachments: Budget Worksheets Projects by Department Policy Consideration: How should enterprise budgets and capital projects be prioritized, scheduled, and funded? Background: The entire Capital Improvement Plan (CIP) and enterprise fund budgets will be reviewed at this meeting. The ten-year CIP and the budgets have been updated based on the discussions held on October 8 and October 22. Fund 402 - The Park Commission has merged its various project lists into one that includes everything on the CIP. Because of this, the projects beyond 2013, particularly Badger Park modifications, are still speculative in nature. This fund is fully funded for 2013, but does not have enough to cover all items on the list starting in 2014. Longer term analysis of park needs in conjunction with a joint meeting of the Park Commission and City Council in 2013 will be a good next step to resolving this funding challenge. Fund 403 - Equipment Replacement fund generally covers all of the city’s rolling stock and attachments along with the equipment at the Public Works shop to keep everything running. Projects from the Public Facilities and Technology have been incorporated into this fund. The next ten years of equipment purchases average about $185,000 per year, so this level of replacement requires additional resources to fully fund equipment needs over the long term. New projects have been added since the meeting on October 8. 1.Network Connection between City Hall, Southshore Center, and Public Works This could be accomplished several different ways – fiber optic cable, point-to-point wireless, or potentially through Mediacom. Costs is estimated at roughly $10 per lineal foot based on a quote received from a vendor. 2.Laserfiche Upgrade This allows better access to city records by internet users and includes workflow software to allow easier entry of documents by staff in the normal course of business rather than as a process after the fact. The cost today would be about $5,900 because we have some pro-rated credit available from our unused annual maintenance. The cost will increase by over $2,060 if we wait until January to purchase this upgrade. Mission Statement: The City of Shorewood is committed to providing residents quality public services, a healthy environment, a variety of attractive amenities, a sustainable tax base, and sound financial management through effective, efficient, and visionary leadership. Page 1 3.Copier Replacement This project anticipates purchase of a new copier for about $9,000. Annual per-copy costs would go down by about $1,900 per year. This would be about a five year payback of the costs and the current copier has had a service life of seven years. Staff has included the merger of Public Facilities and Technology funds into the Equipment Replacement fund as an action item on the regular meeting agenda as recommended by the City Council. The 2013 projects essentially become the capital outlay portion of the budget. The remaining year’s projects are then used to evaluate the solvency and funding adequacy of each capital projects fund and the utility funds over the ten years shown in the plan. Staff recommends that certain projects specifically approved by the City Council be delegated to staff to complete as long as the total cost is at or below the amount listed in the CIP. If a project exceeds the budgeted amount, staff will bring that back for a budget amendment prior to purchase. All other projects will be brought back to the City Council for approval prior to purchase. A list is included as an attachment. Fund 490 – Southshore Center Operations have undergone significant changes this year. Community Recreation Resources has been contracted to run the center with greatly expanded hours of operation. Staff worked with Kristi Anderson, principal for CRR, on an amended agreement which was adopted by the City Council in January, 2012. The budget has been modified to make clearer which expenditures are includes in specific line items. Fund 601 – Water The City Council is interviewing financial advisory firms to determine if the City should refund water bonds in order to take advantage of low interest rates. Fund 611 – Sewer A rate study should be performed after a decision has been made regarding use of this fund balance to cover project costs for the Storm Water fund. Fund 621 – Recycling No changes from the previous presentation. Fund 631 – Storm Water is actually profitable in a financial accounting sense, but the cash drain created by new projects needs to be covered. This should be included in the Sewer Fund rate study. Financial or Budget Considerations: Several funds do not have adequate resources to cover the operations and capital items listed. The Park Capital Improvement fund runs out of money in 2014 if all the Badger Park items are funded. The Equipment Replacement fund runs out of money in 2015 if no additional funding sources are found. The Community Infrastructure fund runs out of money in 2020 if no adjustments are made. The Southshore Center fund will need additional support from either neighboring communities or from the General Fund to continue operations. The Storm Water fund runs out of cash in 2015 if no adjustments are made. The plan discussed last year anticipates transfers from the Sewer fund to cover new storm drainage projects if bonding is not used as a financing source. City Council should prioritize the projects in each of these funds and determine a method of funding the highest ranking projects over the selected time horizon. Recommendation / Action Requested: Staff recommends that the City Council review the budgeted expenditures for the 2013-2022 CIP and 2013 enterprise budgets and direct staff to make any changes that are desired. Next Steps and Timelines: Adoption of the 2013 Budget and 2013-2022 CIP is anticipated for December 10. Connection to Vision / Mission: These purchases contribute to providing excellent public services by maintaining high quality, reliable public utility services and infrastructure. City of Shorewood, Minnesota Capital Improvement Program 20132022 thru PROJECTS BY DEPARTMENT Department#Priority2013201420152016201720182019202020212022Total 402 - Park Capital Improvement Gideon Glen Parking Lot & Signage 5 20,000 P0003 20,000 Freeman Plaza P01005 5,000 5,000 Freeman North Playground Equipment 4 55,000 P0102 55,000 Freeman Parking Lot w/ MCWD P01035 50,000 50,000 Freeman Ball Field Lights P01045 75,00075,000 Freeman Picnic Shelter Re-Roof P01054 3,000 3,000 Freeman Park - Eddy Station P01084 8,5003,00011,500 Cathcart Park - Resurface 1 6,5007,0007,000 P0200 20,500 Tennis/Basketball Courts Cathcart Park Hockey Boards 3 20,000 P0201 20,000 Cathcart Park Tot Lot P02025 50,000 50,000 Cathcart Parking Lot P02035 100,000100,000 Badger Park - Rustic Trail 3 10,000 P0300 10,000 Badger Park Tennis Courts P03012 200,0008,0008,500216,500 Badger Park Hockey Rink 2 200,000 P0302 200,000 Badger Park Swing Set P03032 12,000 12,000 Badger Park Green Space 2 20,000 P0304 20,000 Badger Park Warming House P03052 80,000 80,000 Badger Park Playground Equipment 2 65,000 P0306 65,000 Manor Park - Versa-Court Tennis Surface P04001 30,000 30,000 Manor Park - Water Source for Garden 1 8,000 P0401 8,000 Manor Park - Shelter Outside Floor & P04021 5,400 5,400 Stoops Silverwood Park-Resurface 1/2 court 2 2,0002,5002,500 P0500 7,000 Silverwood Park Equipment P05013 60,000 60,000 Silverwood Park Swing Set 3 14,000 P0502 14,000 Skate Park Rehab P06003 75,000 75,000 Skate Park Picnic Shelter P06015 15,00015,000 Skate Park - Community Garden Fencing P06025 5,000 5,000 Department#Priority2013201420152016201720182019202020212022Total 141,500652,00028,5003,000113,000134,50019,000128,9009,5003,0001,232,900 402 - Park Capital Improvement Total 403 - Equipment Replacement Replace Unit 21 - 24' trailer 2 16,000 E-12-01 16,000 Sand Pro 3000 - replace Unit 64 E-12-022 13,000 13,000 Groundsmaster Mower- Toro 328D - E-12-032 30,00030,000 replace unit 75 Air Compressor-Replace unit 38 E-13-013 12,000 12,000 Dump Truck - replace unit 65 3 160,000 E-13-02 160,000 Dump Truck - Replace Unit 68 E-13-032 165,000 165,000 Pickup 4x4 - Replace Unit 78 3 38,000 E-13-04 38,000 Cab for mower - replace A3 E-13-053 8,000 8,000 Utility Truck w/crane & toolbox replace E-14-015 77,00077,000 unit 76 Mower - Replace Unit 84 E-14-024 25,000 25,000 Utility Vehicle - replace unit 77 4 26,000 E-14-03 26,000 Blower Attachment for Skid Steer E-14-044 12,500 12,500 Cab attachement for mower replace unit 4 7,000 E-14-05 7,000 A4 Pick-up - 4 x 4 150 Replace Unit 80 E-15-015 35,000 35,000 Dump Truck - replace unit 72 5 175,000 E-15-03 175,000 Trailer 18' replace unit 59 E-16-015 15,000 15,000 Sewer Jetter - replace unit 60 5 53,000 E-16-02 53,000 Pickup - 350 4x4 replace unit 81 E--17-015 42,000 42,000 Groundsmaster Mower replace unit 91 5 28,000 E-17-02 28,000 Cab for mower replace A4 E-17-045 7,000 7,000 Skid Steer - replace unit 63 E-19-015 46,00046,000 ATV - replace unit 34 5 20,000 E-19-02 20,000 4" pump replace unit 50 E-20-015 45,00045,000 Trailer 12' replace unit 69 5 4,000 E-20-02 4,000 Pickup 350 4x4 - replace unit 91 E-20-045 42,000 42,000 Sweeper - replace unit 74 5 190,000 E-21-01 190,000 Cab for mower - replace A3 E-21-035 8,000 8,000 Flatbed - 4 x 2 Replace unit 49 5 44,000 E-24-01 44,000 Broom Attachment - Skid Steer replace E-25-025 3,000 3,000 A13 Street Sign Replacement 2 6,3006,6006,9007,2007,5007,8008,1008,4008,7009,000 LR-99-001 76,500 South Shore Community Center PF-11-01n/a 2,50043,00041,0002,000 88,500 Public Works Building n/a 4,00010,00081,000 PF-12-01 95,000 Financial Software T-12-032 90,000 90,000 Department#Priority2013201420152016201720182019202020212022Total Network Connection 2 20,000 T-13-01 20,000 Laserfiche Upgrade T-13-022 8,0008,000 Color Copier Replacement 2 9,000 T-13-03 9,000 Computer Upgrades T-99-991 20,00010,00010,00010,00010,00010,00010,00010,00010,00010,000 110,000 1,843,500 352,800216,600256,900258,700263,50071,80068,100253,40082,70019,000 403 - Equipment Replacement Total 404 - Street Reconstruction Afton Road LR-11-011 33,00033,000 Elbert Point 3 27,000 LR-13-01 27,000 KcKinley Circle LR-13-023 21,000 21,000 McLain Road 3 26,000 LR-13-03 26,000 Shady Hills Rd (& Alley)LR-13-043 58,000 58,000 Shore Road 3 26,000 LR-13-05 26,000 Valleywood Circle & Lane LR-13-063 601,000 601,000 Charleston Circle 4 36,000 LR-14-01 36,000 Club Valley Road LR-14-024 29,000 29,000 Lake Virginia Drive LR-14-034 63,00063,000 Radisson Entrance 4 33,000 LR-14-04 33,000 Shady Lane LR-14-054 24,000 24,000 Sunnyvale Lane 4 228,000 LR-14-06 228,000 Timber Lane LR-14-074 55,000 55,000 Chaska Road 5 87,000 LR-15-01 87,000 Mayflower Road LR-15-025 33,000 33,000 McKinley Court 5 40,000 LR-15-03 40,000 Murray Hill Road LR-15-045 52,000 52,000 Star Circle & Lane LR-15-055 453,000453,000 Summit Avenue 5 32,000 LR-15-06 32,000 Amlee Road LR-16-015 332,000332,000 Garden Road 5 42,000 LR-16-02 42,000 Gillette Curve LR-16-035 35,000 35,000 Manitou Lane 5 317,000 LR-16-04 317,000 McKinley Place N & S LR-16-055 65,000 65,000 Shady Hills Circle 5 51,000 LR-16-06 51,000 Echo Road LR-17-015 71,000 71,000 Howards Point Road LR-17-025 180,000180,000 Kathleen Court 5 22,000 LR-17-03 22,000 Oak Ridge Circle LR-17-045 29,00029,000 Riviera Lane 5 371,000 LR-17-05 371,000 Shorewood Lane LR-17-065 432,000 432,000 Department#Priority2013201420152016201720182019202020212022Total Mann Lane 5 444,000 LR-18-01 444,000 Maple Street LR-18-025 100,000100,000 Bayswater Road 5 100,000 LR-19-01 100,000 Boulder Circle LR-19-025 49,000 49,000 Christmas Lane W 5 32,000 LR-19-03 32,000 Lilac Lane LR-19-055 46,000 46,000 Strawberry Lane 5 85,000 LR-19-06 85,000 Vine Street LR-19-075 33,000 33,000 Birch Bluff Road LR-20-015 107,000107,000 Excelsior Blvd LR-20-025 19,000 19,000 Seamans Drive LR-20-035 629,000629,000 West Lane 5 32,000 LR-20-04 32,000 Christmas Lane E LR-21-015 21,000 21,000 Christmas Lake Road 5 107,000 LR-21-02 107,000 Country Club Road LR-21-035 95,000 95,000 Maintenance-Bituminous Sealcoating 1 220,000270,000228,000245,000184,000238,000305,000274,000255,000 LR-99-100 2,219,000 955,000762,000958,0001,087,0001,289,000782,000650,0001,061,000478,0008,022,000 404 - Street Reconstruction Total 405 - MSA Construction Eureka Road N 5 1,922,000 LR-19-04 1,922,000 1,922,0001,922,000 405 - MSA Construction Total 406 - Trails Trail Connection to LRT 1 72,000 T001 72,000 Smithtown from West Border to T0021 357,500 357,500 Minnewashta Elem Galpin Lake Rd T0031 192,500 192,500 Mill Street 1 137,500 T004 137,500 From 7/41 to Chanhassen Trail T0051 24,000 24,000 Smithtown from Minnewashta to 19 T0061 412,500412,500 Strawberry Lane 1 192,500 T007 192,500 County Road 19 from Pub Works to T0081 220,000 220,000 Excelsior St. Albans Bay Rd T0091 110,000 110,000 Edgewood Road T0101 165,000165,000 Excelsior Blvd Trail 1 30,000 T011 30,000 1,913,500 459,500192,500137,50024,000412,500192,500220,000110,000165,000 406 - Trails Total Department#Priority2013201420152016201720182019202020212022Total 601 - Water Radio/ISP Communications System 1 80,000 W-10-01 80,000 Water Main - Star Circle & Lane W-11-02n/a 130,000 130,000 Water Main - Valleywood Circle & Lane n/a 272,000 W-12-01 272,000 Water Main - Sunnyvale Lane W-13-02n/a 100,000 100,000 W. Water Tower - Rehab & Painting 3 450,000 W-13-03 450,000 Water Interconnect with Excelsior W-13-043 251,400 251,400 HWY 7 Water Main Crossing 3 311,300 W-13-05 311,300 1,364,700100,000130,0001,594,700 601 - Water Total 611 - Sewer Radio/ISP Communications - Lift Station 1 40,00010,000 SS-10-10 50,000 Retrofit Lift Station 11 Rehab - 20465 Radisson SS-13-013 180,000180,000 Rd. Lift Station 11 Force Main Separation SS-13-023 194,800 194,800 Lift Station 9 Rehab - 20995 Minnetonka 3 120,000 SS-14-01 120,000 Blvd Lift Station 10 Rehab - 4773 Lakeway SS-15-013 80,00080,000 Terrace Lift Station 20 Rehab - 26550 Noble Road SS-16-013 70,000 70,000 Lift Station 7 Rehab - 5600 Woodside 3 80,000 SS-16-02 80,000 Road Lift Station 18 Rehab - 4996 Shady Island SS-17-013 10,000 10,000 Point Infiltration and Inflow Reduction SS-99-051 70,00070,00070,00070,00070,00070,00070,00070,00070,000 630,000 1,414,800 484,800200,000150,000220,00080,00070,00070,00070,00070,000 611 - Sewer Total 631 - Stormwater Management Lake South Auto Drainage - WSB Report STM-12-053 24,000 24,000 Valleywood Circle & Lane - Drainage 4 142,000 STM-12-08 142,000 Shorewood Lane Ditch STM-13-014 70,000 70,000 Sunnyvale Lane Drainage STM-13-024 192,000192,000 Excelsior Blvd Drainage 4 40,000 STM-13-03 40,000 Club Valley Drainage STM-14-014 101,000101,000 6120 Riviera Drainage - WSB Report 3 19,000 STM-14-04 19,000 Star Circle & Lane STM-15-015 31,000 31,000 Grant Lorenz 5 50,00050,00050,000 STM-15-02 150,000 23350 Academy Drainage STM-15-044 75,000 75,000 Department#Priority2013201420152016201720182019202020212022Total Garden Road 4 26,000 STM-15-05 26,000 Amlee/Glen Road STM-16-014 381,000381,000 Manitou Lane 4 75,000 STM-16-02 75,000 Riveria Lane STM-17-014 87,000 87,000 Shorewood Lane 4 99,000 STM-17-02 99,000 Mann Lane STM-18-014 105,000 105,000 Maple St 4 24,000 STM-18-02 24,000 Eureka Road N STM-19-014 452,000 452,000 Seamans Drive STM-20-014 148,000148,000 Rampart Ct. Drainage STM-22-011 11,880 11,880 2,252,880 252,000336,000182,000506,000236,000129,000452,000148,00011,880 631 - Stormwater Management Total 4,010,3002,459,1001,842,9002,098,7002,394,0001,379,8003,401,1001,771,300805,20033,880 20,196,280 GRAND TOTAL SOUTHSHORE COMMUNITY CENTER Revenue Coding: 490- Expenditure Coding: 490-48000- Requested ActualActualBudgetYTDBudgetDollar Percent REVENUES20102011201220122013ChangeChange 34101Rentals 48,000 61,801 75,000 29,331 55,000 -27%(20,000) 34790Class fees 2,500 9,958 2,500 14,272 15,500 520%13,000 36210Interest Income 100 - 100 - 100 0%0 36230Contributions/Donations 1,500 7,942 1,000 1,019 1,000 0%0 36270Miscellaneous Revenue 4,000 411 1,500 436 1,500 0%0 39201Transfers In 48,591 13,600 - 52,700 288%39,100 34% 32,100 TOTAL REVENUES 56,100 128,703 93,700 45,058 125,800 EXPENDITURES MATERIALS & SUPPLIES 200Office Supplies 190 0 208Postage 460 0 223Maintenance of Building 7,200 317 7,500 3,925 5,000 -33%(2,500) 245General Supplies 800 4,917 800 1,194 800 0%0 246Program Expense 12,417 13,000 13,000 247Community Event Expense 4,003 4,000 4,000 TOTAL MATERIALS & SUPPLIES 8,000 5,234 8,300 22,189 22,800 175%14,500 OTHER SERVICES 302Consulting Fees 54,282 76,000 76,000 304Legal - - - - - 0 321Communication 20 610 100 1,114 1,500 1400%1,400 351Print/Publish 1,000 1,492 1,000 1,403 1,500 50%500 360Insurance-Total 2,500 325 3,000 - 1,000 -67%(2,000) 380Utilities 11,000 14,567 11,000 9,834 11,000 0%0 400Contractual 30,000 50,540 60,000 4,130 10,000 -83%(50,000) 410Rentals 2,245 0 433Dues & Subscriptions 204 0 437Taxes/Licenses 728 0 440Misc. Services 10,000 13,357 10,000 575 2,000 -80%(8,000) 450Bank Service Charges 599 - 29 - 0 TOTAL OTHER SERVICES 54,520 81,490 85,100 74,544 103,000 21%17,900 CAPITAL OUTLAY 540Building & Structures - 24,261 - - - 0 TOTAL CAPITAL OUTLAY - 24,261 - - - 0 TOTAL EXPENDITURES-16% 62,520 110,985 93,400 96,733 125,800 32,400 Revenues over/(under) (6,420) 17,718 300 (51,675) - WATER FUND Revenue Coding: 601- Expenditure Coding: 601-49400- Requested Percent ActualActualBudgetYTDBudgetDollar 20102011201220122013ChangeChange REVENUES Water Sales465,861509,737630,000518,712630,000 371100%0 Special Assessments21,74417,14835,0004,55735,000 361010%0 Permits & Connection Fees29,18415,4901,00020,7901,000 371700%0 Interest Earnings31,99930,35935,000035,000 362100%0 Water Meter Sales3,0281,6902,5001,2352,500 371710%0 Antennae Space Rental148,859146,228100,000102,2370 37175-100%(100,000) Total Revenues700,675720,652803,500647,531703,500(100,000) -12% EXPENSES Personal Services 101Regular Salaries64,35980,27074,00070,71282,36511%8,365 102O.T. Salaries2,0572,9263,0001,0863,0000%0 121PERA City Share4,5245,9155,9725,1866,1894%217 122FICA City Share4,8175,9366,3105,1536,5313%221 131Ins. City Share8,15810,85710,0113,74310,5015%490 151Workers Compensation6832,4180 Total Personal Services84,598105,90499,29388,298108,5853%9,292 Supplies 208Postage 1,235 1,354 1,300 1,080 1,3000%0 221Maint-Equipment 4,244 3,027 6,500 5,494 6,5000%0 223Maint-Buildings 252 444 1,000 1,452 1,0000%0 240Small Tools 290 43 550 686 5500%0 245General Supplies 7,608 10,457 10,000 8,649 10,0000%0 260Wtr Purch - Tonka Bay 2,125 2,662 3,300 1,207 3,3000%0 261Wtr Purch - Excelsior 18,892 20,001 17,500 16,714 17,5000%0 262Wtr Purch - Mtka 687 1,269 1,000 400 1,0000%0 263Wtr Purch - Chan 11,380 13,122 12,000 9,606 12,0000%0 265Water Meters 5,631 4,024 5,000 8,555 15,000200%10,000 Total Supplies 52,344 56,403 58,150 53,843 68,15017% 10,000 Other Services & Charges 301Financial & Audit 2,250 296 2,250 - 2,2500%0 303Engineering 2,070 - - 8,318 5,0005,000 321Communication 978 822 1,500 574 2,50067%1,000 331Travel, Conf,Sch 350 700 600 525 6000%0 351Print/Publish 628 583 1,000 558 1,0000%0 360Insurance-Total 7,816 - 8,000 - 8,0000%0 394Utilities - Amesbury 9,672 11,620 10,000 7,753 11,00010%1,000 395Utilities - Badger 10,243 11,645 11,000 5,756 11,0000%0 396Utilities - Boulder Bridge 16,799 18,287 15,000 14,946 18,50023%3,500 398Utilities - SE Area/Tower 29,892 30,277 30,000 21,657 30,0000%0 400Contractual 13,987 25,580 15,000 6,694 30,000100%15,000 420Depreciation 279,699 273,673 290,000 - 290,0000%0 437Licenses-Sales Taxes 4,382 3,164 3,000 - 3,0000%0 440Misc. Services 126 137 200 196 2000%0 450Bank Svc Chgs 95 - 525 8 5250%0 Total Other Services & Charges 378,987 376,784 388,075 69,985 413,5757% 25,500 Capital Outlay 580Other Improve 2,446 34,543 - - -0 Total Capital Outlay 2,446 34,543 - - - - Debt Service 611Bond Interest 124,656 115,975 103,398 53,578 103,3980%0 620Fiscal Agent Fees 750 753 1,500 323 1,5000%0 Total Debt Service 125,406 116,728 104,898 53,901 104,8980% - TOTAL EXPENSES 643,781 690,362 650,416 266,027 695,2087%46,581 REVENUES OVER/(UNDER) EXPENSES 56,894 30,290 153,084 381,504 8,292 SEWER FUND Revenue Coding: 611- Expenditure Coding: 611-49450- Requested YTDPercent ActualActualBudgetBudgetDollar REVENUES 20102011201220122013ChangeChange Interest Earnings 38,439 27,939 36,000 - 36,000 3621029% 8,061 Sewer Serv Charges 812,537 792,420 825,000 621,453 825,000 372104% 32,580 Sewer Chg-Cnty Coll 28,456 25,877 - 37220 (25,877) Local SAC Charges 2,400 - - 2,400 - 37250 - Sewer Permits 1,650 1,200 700 1,800 700 37270-42% (500) Tsfr From Other Funds 60,000 - - - - 39201 - Total Revenues 943,482 847,436 861,700 625,653 861,700 14,264 2% EXPENSES Personal Services Regular Salaries 53,842 76,410 71,179 41,796 71,331 101-7% (5,079) O.T. Salaries 922 2,177 1,200 2,546 2,000 102 (177) PERA City Share 3,740 5,541 5,260 3,197 1215,316-4% (225) FICA City Share 4,004 5,690 5,545 3,230 1225,610-1% (80) Ins. City Share 6,538 10,177 9,017 3,391 9,017 131-11% (1,160) Workers Compensation 683 2,152 151 - 69,729 99,995 92,201 56,312 93,274 (6,721) Total Personal Services-7% Supplies Office Supplies 102 105 110 109 110 200 5 Postage 1,211 1,299 1,500 946 1,500 20815% 201 Maint-Equipment 14,640 1,673 5,000 1,182 5,000 221199% 3,327 Small Tools 79 120 550 45 5,550 2404525% 5,430 General Supplies 919 1,519 2,100 550 2,100 24538% 581 16,951 4,716 9,260 2,832 14,260 9,544 Total Supplies202% Other Services & Charges Financial & Audit 2,250 - 2,250 - 2,250 300 2,250 5,000 303Engineering Consulting - - 1,500 204 1,500 308 1,500 Engineering - Design Stage 4,634 - 5,000 583 5,000 313 5,000 Communication 3,806 4,108 4,000 2,534 4,500 32110% 392 Travel, Conf,Sch 934 1,300 1,500 - 1,500 33115% 200 Insurance-Total 5,225 - 6,500 773 6,500 360 6,500 Utilities-Gas/Elec 5,919 6,518 6,000 3,486 6,000 380-8% (518) MCES Service Charges 564,332 714,110 728,000 506,631 753,480 3856% 39,370 Excelsior Sewer Chg 29,941 29,988 31,000 22,437 31,000 3863% 1,012 Contractual 31,825 42,521 20,000 7,859 20,000 400-53% (22,521) Depreciation 218,483 214,247 225,000 - 225,000 4205% 10,753 Misc. Services 126 160 150 195 150 440-6% (10) Service Charges 110 4 900 - 900 45022400% 896 867,850 1,012,956 1,031,800 544,702 1,062,780 44,824 Total Other Services & Charges5% Capital Outlay Other Improve 25,643 29,889 22,015 580 (29,889) 25,643 29,889 - 22,015 - Total Capital Outlay (29,889) Transfers Permanent - - - - - 720 - Total Transfers - - - - - - TOTAL EXPENSES 980,173 1,147,556 1,133,261 625,861 1,170,314 17,758 2% REVENUES OVER/(UNDER) EXPENSES (36,691) (300,120) (271,561) (208) (308,614) RECYCLING FUND Revenue Coding: 621- Expenditure Coding: 621-49550- Requested ActualActualBudgetBudgetDollar YTDPercent 20102011201220122013ChangeChange REVENUES 336200% - County Recycling Aid 23,560 23,086 23,000 23,007 23,000 33621 - County Park Recycling Grant 10,500 36101 - Special Assessment 5,184 362100% - Interest Earnings 656 319 350 - 350 373100% - Recycling Service Charges 154,279 147,957 155,000 119,513 155,000 373200% - City Clean-up Fees - (1,247) 6,000 (2,231) 6,000 37330 - Recycling Bin Sales - - - - - 37340 - Revenue from Contractor - - - - - 39201 - Transfers from Other Funds - - - - - 0% - Total Revenues 178,495 185,799 184,350 140,289 184,350 EXPENSES Personal Services 101 - Regular Salaries - 986 - - - 1020% - O.T. Salaries 788 997 1,000 851 1,000 103-1% (79) Part Time Salaries 4,307 3,223 5,330 3,153 5,251 121459-2% (9) PERA City Share 353 368 272 450 122485-2% (10) FICA City Share 388 388 302 475 1310% - Ins. City Share - 219 619 234 619 151 - Workers Comp - - - 190 - Total Personal Services-1% (97) 5,836 6,181 7,892 5,002 7,795 Supplies 2000% - Office Supplies 102 105 100 110 100 2080% - Postage 1,211 1,176 900 1,062 900 2450% - General Supplies 170 352 200 665 200 Total Supplies0% - 1,483 1,633 1,200 1,837 1,200 Other Services & Charges 4000% 324 Contractual 166,449 166,668 166,992 124,206 166,992 4407043% 7,888 Misc. Services 8,405 112 8,000 74 8,000 450-100% (241) Service Charges - 241 - - - Total Other Services & Charges0% 7,971 174,854 167,021 174,992 124,280 174,992 5% TOTAL EXPENSES 182,173 174,835 184,084 131,119 183,987 (97) REVENUES OVER/(UNDER) EXPENSES (3,678) 10,964 266 9,170 363 STORMWATER MANAGEMENT FUND Revenue Coding: 631- Expenditure Coding: 631-49600- Requested YTDPercent ActualActualBudgetBudgetDollar REVENUES 20102011201220122013ChangeChange Grant Proceeds 5,202 - 5,100 - 5,100 336200% - Special Assessments 7,651 6,957 - - - 36101 - 5,637 4,331 5,100 - 3,000 Interest Earnings 36210-41% (2,100) Miscellaneous Revenue 122 - 75 - 75 362700% - Cellular Antenna Revenue - 37175 - Storm Utility Charges 190,819 189,012 200,500 144,534 200,500 374100% - Transfers/Internal Loans - - - - - 39201 - Total Revenues 209,431 200,300 210,775 144,534 208,675 -1% (2,100) EXPENSES Personal Services Regular Salaries 17,816 34,739 28,478 30,843 28,478 1010% - O.T. Salaries 158 163 102 - Part Time Salaries 103 - PERA City Share 1,186 2,543 2,242 1212,0652,0650% - FICA City Share 1,287 2,632 2,352 1222,1792,1790% - Ins. City Share 2,448 4,643 2,879 1,053 2,879 1310% - Workers Comp - - - 666 151 - 22,737 44,715 35,601 37,319 35,601 2,879 Total Personal Services0% Supplies Office Supplies 102 105 109 100 200 100 Postage 1,211 1,176 350 946 1,000 208186% 650 Maint-Equipment - - 5,500 - 5,500 2210% - Small Tools - - 300 - 300 2400% - General Supplies 1,268 2,283 3,000 310 3,000 2450% - 2,581 3,564 9,150 1,365 9,900 Total Supplies8% 750 Other Services & Charges Financial & Audit - 300 Engineering 8,384 23,869 5,000 1,811 5,000 3030% - Legal 46 241 1,000 185 1,000 3040% - Engineering - Design Stage 1,418 5,198 5,000 5,955 5,000 3130% - Communication - - - - 500 321 500 Print/Publish - 324 100 64 100 3510% - Insurance-Total - 360 - Contractual 40,871 41,752 50,000 182,616 50,000 4000% - Depreciation 19,833 25,250 20,000 - 22,000 42010% 2,000 Subscrip-Member - 600 - 600 4330% - Misc. Services 1,748 117 1,100 935 1,100 4400% - Service Charges 14 - 500 - 500 4500% - 72,314 96,751 83,300 191,566 85,800 Total Other Services & Charges3% 2,500 Capital Outlay Land - 510 Other Improvements 33,475 88,004 36,187 - 580 - Total Capital Outlay 33,475 88,004 - 36,187 - - TOTAL EXPENSES 131,107 233,034 128,051 266,437 131,301 6,129 3% REVENUES OVER/(UNDER) EXPENSES 78,324 (32,734) 82,724 (121,903) 77,374