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Home My WebLink About2009 08 24 Informational 102 June 30, 2009 Financial Statements for General and Enterprise FundsCOMMISSION AGENDA ITEM 102 Au u~ st 24, 2009 _ Meeting CONSENT INFORMATIONAL I X PUBLIC HEARING REGULAR MGR~~ /DEPT ~j A REQUEST: The City Manager's transmission of the June 30, 2009 Financial Statements for the General and Enterprise Funds. PURPOSE: The purpose of this agenda item is to transmit to the City Commission the Financial Statements as of June 30, 2009 for the General Fund as well as all Enterprise Funds. CONSIDERATIONS: FUNDING: N/A RECOMMENDATION: N/A ATTACHMENTS: Financial Statements for Quarter Ended June 30, 2009 -General Fund, Water & Sewer Utility Fund, Development Services Fund, and the Stormwater Fund. COMMISSION ACTION: City of Winter Springs, Florida Quarterly Financial Report General Fund Fiscal Year-to-Date June 30, 2009 75% of the Fiscal Year Lapsed Original Amended Budget Budget Year-to-Date Actual Prior FY Actual to % Actual to Budget Budget Revenues Taxes: Property Taxes $4,791,529 $4,791,529 $4,761,912 99% Franchise Fees 40,000 40,000 $32,444 81 Licenses and Permits: Business Tax Receipts 170,000 170,000 $53,453 31% Other 32,000 32,000 $16,925 53% Intergovernmental: State Revenue Sharing 995,117 875,733 $629,933 72% State Half Cent Sales Tax 2,252,028 2,056,011 $1,473,545 72% Miscellaneous 44,500 50,803 $31,902 63% Charges for Services: Parks and Receation 376,800 327,468 $216,569 66% Miscellaneous 134,046 134,046 $94,734 71% Fines and Forfeitures: Traffic Light Cameras 325,000 110,294 $18,141 16% Miscellaneous 245,000 245,000 $136,985 56% Miscellaneous 126,001 193,140 $255,128 132% Investmentlncome 393,000 393,000 $36,710 9% Total Revenues $9,925,021 $9,419,024 $7,758,381 82% Expenditures City Commission $174,550 $177,057 $118,167 67% City Boards 8,945 7,645 5,924 78% City Manager 303,188 385,125 331,619 86% City Clerk 277,665 281,531 185,360 66% Finance 1,208,180 1,286,804 869,622 68% General Government 719,795 463,799 304,995 66% General Services 1,027,367 976,068 733,853 75% Information Services 1,145,719 1,244,560 820,660 66% Public Works 1,279,135 1,425,591 765,154 54% Community Development 1,783,900 1,839,318 1,145,650 62% Police 7,097,164 7,345,488 4,983,247 68% Fire 13,530 13,530 60,452 447% Parks & Recreation 2,315,473 2,346,753 1,494,449 64% Total Expenditures $17,354,611 $17,793,269 $11,819,152 66% Revenues Over (Under) Expenditures ($7,429,590) ($8,374,245) ($4,060,771) Transfers In $7,607,466 $7,601,623 $5,486,749 72% Transfers Out (105,681) (155,681) (113,171) 73% Total Transfers $7,501,785 $7,445,942 $5,373,578 72% Total Revenues Over (Under) Expenditures & Transfers $72,195 ($928,303) $1,312,807 Informational 102 August 24, 2009 City of Winter Springs, Florida Quarterly Financial Report Water & Sewer Utility Fund Fiscal Year-to-Date June 30, 2009 75% of the Fiscal Year Lapsed Prior FY Original Amended Year-to-Date % Actual to % Actual to Budget Budget Actual Budget Budget Operating Revenues User Charges $7,709,500 $7,709,500 $5,087,277 66% Other Revenue 4,000 4,157 6,476 156% Total Operating Revenues $7,713,500 $7,713,657 $5,093,753 66% Operating Expenses Salaries and Benefits $2,447,837 $2,505,329 $1,733,158 69% Materials and Supplies 952,600 998,900 557,253 56% Depreciation and Amortization 20,530 20,530 0 0% Capital 1,954,404 1,958,932 690,456 35% Other Operating Expenses 1,192,950 1,198,769 795,282 66% Total Operating Expenses $6,568,321 $6,682,460 $3,776,149 57% Operating Income (Loss) $1,145,179 $1,031,197 $1,317,604 Non-operating Revenue (Expenses) Investment Income $105,650 $105,650 $24,202 23% Bond Prinicpal Payments (990,000) (990,000) (675,000) 68% Interest Expense (886,525) (886,525) (434,712) 49% Gain (Loss) on Disposal of Capital Assets 0 0 0 0% Total Non-operating Revenue (Expense) ($1,770,875) ($1,770,875) ($1,085,510) 61% Income before Contributions and Transfers ($625,696) ($739,678) $232,094 Capital Contributions: Connection Fees $250,000 $250,000 $3,360 1% Developers 0 0 0 0% Transfers In 6,000 6,000 4,500 75% Transfers Out (1,512,413) (1,509,813) (1,134,310) 75% Total Contributions and Transfers ($1,256,413) ($1,253,813) ($1,126,450) 90% Change in Net Assets ($1,882,109) ($1,993,491) ($894,356) Informational 102 August 24, 2009 City of Winter Springs, Florida Quarterly Financial Report Development Services Fund Fiscal Year-to-Date June 30, 2009 75% of the Fiscal Year Lapsed Prior FY Original Amended Year-to-Date % Actual to % Actual to Budget Budget Actual Budget Budget Operating Revenues User Charges $1,086,400 $1,086,400 $222,279 21% Other Revenue 0 230 $294 128% Total Operating Revenues $1,086,400 $1,086,630 $222,573 21% Operating Expenses Salaries and Benefits $339,598 $346,313 $239,387 69% Materials and Supplies 18,971 18,971 $3,569 19% Depreciation and Amortization 0 0 $0 0% Capital 3,900 3,900 $1,531 39% Other Operating Expenses 304,005 304,188 $69,942 23% Total Operating Expenses $666,474 $673,372 $314,429 47% Operating Income (Loss) $419,926 $413,258 ($91,856) Non-operating Revenue (Expenses) Investment Income $11,300 $11,300 $1,748 16% Interest Expense 0 0 $0 0% Gain (Loss) on Disposal of Capital Assets 0 0 $0 0% Totaf Non-operating Revenue (Expense) $11,300 $11,300 $1,748 16% Income before Contributions and Transfers $431,226 $424,558 ($90,108) Transfers In 25,653 25,653 $19,240 75% Transfers Out (618,387) (618,387) ($463,790) 75% Total Contributions and Transfers ($592,734) ($592,734) ($444,550) 75% Change in Net Assets ($161,508) ($168,176) ($534,658) Informational 102 August 24, 2009 City of Winter Springs, Florida Quarterly Financial Report Stormwater Utility Fund Fiscal Year-to-Date June 30, 2009 75% of the Fiscal Year Lapsed Prior FY Original Amended Year-to-Date %Actual to %Actual to Budget Budget Actual Budget Budget Operating Revenues User Charges $1,035,000 $1,530,180 $1,024,614 67% Other Revenue 15,000 16,600 23,152 140% Total Operating Revenues $1,050,000 $1,546,780 $1,047,766 68% Operating Expenses Salaries and Benefits $527,208 $538,011 $357,180 66% Materials and Supplies 256,950 879,542 614,454 70% Depreciation and Amortization $0 $0 $0 0% Capital 242,750 324,750 232,145 72% Other Operating Expenses 153,800 180,742 59,694 33% Total Operating Expenses $1,180,708 $1,923,045 $1,263,473 66% Operating Income (Loss) ($130,708) ($376,265) ($215,707) Non-operating Revenue (Expenses) Grants $0 $0 $0 0% Investment Income 8,350 8,350 2,365 28% Interest Expense 0 0 0 0% Gain (Loss) on Disposal of Capital Assets 0 0 0 0% Total Non-operating Revenue (Expense) $8,350 $8,350 $2,365 28% Income before Contributions and Transfers ($122,358) ($367,915) ($213,342) Capital Contributions: Connection Fees $0 $0 $0 0% Developers 0 0 0 0% Transfers In 60,085 60,085 45,064 75% Transfers Out (210,716) (110,716) (83,037) 75% Total Contributions and Transfers ($150,631) ($50,631) ($37,973) 75% Change in Net Assets ($272,989) ($418,548) ($251,315) Informational 102 August 24, 2009