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HomeMy WebLinkAbout2014 05 28 Regular 600 Budget Report and Draft Budget FY15 o I `�TER 4 Budget Performance Report '' z. Fiscal Year to Date 05/20/14 �4 Include Rollup Account and Rollup to Base Account Incorporated • 1959 • /17 7GOO wE�R Jyh Adopted Budget Amended Current Month YTD YTD Budget-YTD %used/ Account Account Description Budget Amendments Budget Transactions Encumbrances Transactions Transactions Rec'd Prior Year Total Fund 161-Sp Assess-Oak Forest Maint REVENUE 325200 Charges for Services 52,940.00 .00 52,940.00 360.98 .00 51,450.42 1,489.58 97 53,145.05 361100 Interest/Other Earnings 275.00 .00 275.00 .00 .00 .69 274.31 0 11.77 361300 Increase/Decrease in Fair Market Value .00 .00 .00 .00 .00 42.71 (42.71) +++ 351.98 REVENUE TOTALS $53,215.00 $0.00 $53,215.00 $360.98 $0.00 $51,493.82 $1,721.18 97% $53,508.80 EXPENSE 530340 Other Svcs 300.00 .00 300.00 .00 .00 264.75 35.25 88 261.14 530341 Other Svcs-Contract/Administrative 7,800.00 .00 7,800.00 .00 4,208.07 1,372.78 2,219.15 72 7,437.26 540430 Utilities 7,000.00 .00 7,000.00 93.53 .00 5,195.29 1,804.71 74 9,228.44 545270 R&M Infra-Grounds 545270 R&M Infra-Grounds 28,000.00 .00 28,000.00 2,716.67 5,800.00 17,399.20 4,800.80 83 17,198.47 545270-004 R&M Infra-Grounds Signs/Walls 4,000.00 .00 4,000.00 120.00 2,100.00 1,590.00 310.00 92 3,640.25 545270-R&M Infra-Grounds Totals $32,000.00 $0.00 $32,000.00 $2,836.67 $7,900.00 $18,989.20 $5,110.80 84% $20,838.72 591001 To General Fund 14,845.00 .00 14,845.00 1,237.08 .00 9,896.64 4,948.36 67 14,130.00 599300 Statutory Reserve 2,200.00 .00 2,200.00 .00 .00 .00 2,200.00 0 .00 EXPENSE TOTALS $64,145.00 $0.00 $64,145.00 $4,167.28 $12,108.07 $35,718.66 $16,318.27 75% $51,895.56 Fund 161-Sp Assess-Oak Forest Maint Totals REVENUE TOTALS 53,215.00 .00 53,215.00 360.98 .00 51,493.82 1,721.18 97 53,508.80 EXPENSE TOTALS 64,145.00 .00 64,145.00 4,167.28 12,108.07 35,718.66 16,318.27 75 51,895.56 Fund 161-Sp Assess-Oak Forest Maint Totals ($10,930.00) $0.00 ($10,930.00) ($3,806.30) ($12,108.07) $15,775.16 ($14,597.09) $1,613.24 Grand Totals REVENUE TOTALS 53,215.00 .00 53,215.00 360.98 .00 51,493.82 1,721.18 97 53,508.80 EXPENSE TOTALS 64,145.00 .00 64,145.00 4,167.28 12,108.07 35,718.66 16,318.27 75 51,895.56 Grand Totals ($10,930.00) $0.00 ($10,930.00) ($3,806.30) ($12,108.07) $15,775.16 ($14,597.09) $1,613.24 Notes: 1. Budgeted expenses exceed revenues due to landscaping project approved by the advisory board last year. 2. Budgeted expenses will also exceed revenues in FY 2014/15 due to new landscape maintenance contract and wall maintenance program. 3. Maintenance assessment should be increased to maintain levels of service. Run by Steve Richart on 05/20/2014 03:23:17 PM Page 1 of 1 o I `�TER 4 Budget Performance Report '' z. Fiscal Year to Date 05/20/14 �4 Include Rollup Account and Rollup to Base Account Incorporated • 1959 • /17 7GOO wE�R Jyh Adopted Budget Amended Current Month YTD YTD Budget-YTD %used/ Account Account Description Budget Amendments Budget Transactions Encumbrances Transactions Transactions Rec'd Prior Year Total Fund 260-Special Assess-Oak Forest DS REVENUE Department 15-Community Development Division 0000-Non-Division 325100 Capital Improvement 58,648.00 .00 58,648.00 304.78 .00 57,008.76 1,639.24 97 17,535.61 361100 Interest/Other Earnings 100.00 .00 100.00 .00 .00 21.84 78.16 22 19,372.80 361300 Increase/Decrease in Fair Market Value .00 .00 .00 .00 .00 22.68 (22.68) +++ 204.49 369900 Misc Revenue .00 .00 .00 .00 .00 .00 .00 +++ 21,972.00 Division 0000-Non-Division Totals $58,748.00 $0.00 $58,748.00 $304.78 $0.00 $57,053.28 $1,694.72 97% $59,084.90 Department 15-Community Development Totals $58,748.00 $0.00 $58,748.00 $304.78 $0.00 $57,053.28 $1,694.72 97% $59,084.90 REVENUE TOTALS $58,748.00 $0.00 $58,748.00 $304.78 $0.00 $57,053.28 $1,694.72 97% $59,084.90 EXPENSE Department 15-Community Development Division 0000-Non-Division 530340 Other Svcs 350.00 .00 350.00 .00 .00 293.15 56.85 84 288.85 530341 Other Svcs-Contract/Administrative 3,800.00 .00 3,800.00 .00 2,060.46 676.01 1,063.53 72 3,638.35 570710 Principal 47,434.00 .00 47,434.00 .00 .00 .00 47,434.00 0 .00 570720 Interest 4,566.00 .00 4,566.00 .00 .00 2,445.43 2,120.57 54 5,848.21 591001 To General Fund 500.00 .00 500.00 .00 .00 500.00 .00 100 500.00 Division 0000-Non-Division Totals $56,650.00 $0.00 $56,650.00 $0.00 $2,060.46 $3,914.59 $50,674.95 11% $10,275.41 Department 15-Community Development Totals $56,650.00 $0.00 $56,650.00 $0.00 $2,060.46 $3,914.59 $50,674.95 11% $10,275.41 EXPENSE TOTALS $56,650.00 $0.00 $56,650.00 $0.00 $2,060.46 $3,914.59 $50,674.95 11% $10,275.41 Fund 260-Special Assess-Oak Forest DS Totals REVENUE TOTALS 58,748.00 .00 58,748.00 304.78 .00 57,053.28 1,694.72 97 59,084.90 EXPENSE TOTALS 56,650.00 .00 56,650.00 .00 2,060.46 3,914.59 50,674.95 11 10,275.41 Fund 260-Special Assess-Oak Forest DS Totals $2,098.00 $0.00 $2,098.00 $304.78 ($2,060.46) $53,138.69 ($48,980.23) $48,809.49 Grand Totals REVENUE TOTALS 58,748.00 .00 58,748.00 304.78 .00 57,053.28 1,694.72 97 59,084.90 EXPENSE TOTALS 56,650.00 .00 56,650.00 .00 2,060.46 3,914.59 50,674.95 11 10,275.41 Grand Totals $2,098.00 $0.00 $2,098.00 $304.78 ($2,060.46) $53,138.69 ($48,980.23) $48,809.49 Notes: 1. Debt will be satisfied in 2017 eliminating debt service assessment. Run by Steve Richart on 05/20/2014 03:33:57 PM Page 1 of 1 CITY OF WINTER SPRINGS [DRAFT] OAK FOREST MAINTENANCE FUND -191 FISCAL YEAR 2014-2015 BUDGET Annual Maintenance Assessment-$63.00 per ERU which represents a$6/yr increase from FY 2013-2014. (legal maximum-$63.00 per BU) Original Revised Account FY 11/12 FY 12/13 FY 13/14 FY 13/14 FY 14/15 Number Account Description Actual Actual Budget Budget Budget REVENUES&TRANSFERS 361100/53680 Investment(realized/unrealized) $514 $363 $275 $275 $300 361101 Interest-County $0 $0 $0 $0 $0 325120 Assessment Collections $52,263 $53,145 $52,940 $52,940 $58,511 Total Revenues $52,777 $53,508 $53,215 $53,215 $58,811 Total Transfers $0 $0 $0 $0 $0 TOTAL REVENUES/TRANSFERS $52,777 $53,508 $53,215 $53,215 $58,811 EXPENDITURES &TRANSFERS 53211 Administration Fees $7,684 $7,437 $7,800 $7,800 $8,000 53410 Billing Services Cost $264 $261 $300 $300 $300 54310 Utility Services $6,588 $9,228 $7,000 $7,000 $9,000 54682 Repairs&Maint-Grounds $15,333 $17,198 $28,000 $28,000 $20,500 54695 Repairs&Maint-Sign/Walls $2,322 $3,640 $4,000 $4,000 $7,000 55230 Clerk Supplies $0 $0 $0 $0 Pm $0 59310 Statutory Reserve $0 $0 $2,200 $2,200 $2,200 Total Operating $32,191 $37,764 $49,300 $49,300 $47,000 58130 Transfer to General Fund-Insurance $1,036 $980 $1,000 $1,475 $1,500 58130 Transfer to General-Admin 1 $1,525 $1,475 $1,475 $1,475 $1,675 58130 Transfer to General Fund-Clerk Fees 2 $500 $500 $500 $500 $500 58130 Transfer to Gen Fund-Beautification $11,298 $11,175 $11,870 $11,870 $12,504 Total Transfers $14,359 $14,130 $14,845 $15,320 $16,179 TOTAL EXPENDITURES/TRANSFERS $46,550 $51,894 $64,145 $64,620 $63,179 CHANGE IN FUND BALANCE Pm FUND BALANCE -October 1 $45,979 $52,206 $50,866 $53,820 $42,415 Appropriation TO(FROM) Fund Balance $6,227 $1,614 ($10,930) ($11,405) ($4,368) FUND BALANCE -September30 $52,206 $53,820 $39,936 $42,415 $38,047 1 Central service costs per City-wide cost allocation method; also includes internal administrative costs of$500 for annual assessment 2 Clerk time at overtime rate inclusive of benefits($250/meeting) CITY OF WINTER SPRINGS [DRAFT OAK FOREST DEBT SERVICE FUND -214 FISCAL YEAR 2014-2015 BUDGET See Debt Service Notes in Budget Message Section Annual Capital Assessment-$72 per BU through fiscal year 2011-2012 Could be reduced to$62 (legal maximum-$72.00 per BU) During FY 2010,the Bank of America Series 2004A Capital Improvement Revenue Note was due in full on July 1, 2010 and refinanced internally by the City. Original Revised Account FY 11/12 FY 12/13 FY 13/14 FY 13/14 FY 14/15 Number Account Description Actual Actual Budget Budget Budget REVENUES&TRANSFERS 361000 Interest and Other Earnings* (prin/receivables) $20,075 $19,366 $0 $0 $0 361100/53680 Investment(realized/unrealized) $293 $210 $100 $100 $100 325110 Assessment Collections* $16,826 $17,536 $58,648 $58,648 $58,648 369101 Misc Revenue* (principal/interest) $21,029 $21,972 $0 $0 $0 Total Revenues $58,223 $59,084 $58,748 $58,748 $58,748 Total Transfers $0 $0 $0 $0 $0 TOTAL REVENUES/TRANSFERS $58,223 $59,084 $58,748 $58,748 $58,748 EXPENDITURES&TRANSFERS 53180 Consulting $0 $0 $0 $0 $0 53211 Administration Fees $3,615 $3,638 $3,800 $3,800 $3,800 53410 Billing Services Cost $294 $289 $350 $350 $350 Total Operating $3,909 $3,927 $4,150 $4,150 $4,150 57110 Debt Service-Principal $44,904 $46,152 $47,434 $47,434 $48,752 57210 Debt Service-Interest $7,096 $5,848 $4,566 $4,566 $3,248 Total Debt Service $52,000 $52,000 $52,000 $52,000 $52,000 58130 Transfer to General Fund-Admin $500 $500 $500 $500 $500 Total Transfers $500 $500 $500 $500 $500 TOTAL EXPENDITURES/TRANSFERS $56,409 $56,427 $56,650 $56,650 $56,650 CHANGE IN FUND BALANCE FUND BALANCE-October 1 $11,036 $12,850 $14,650 $15,507 $17,605 Appropriation TO(FROM) Fund Balance $1,814 $2,657 $2,098 $2,098 $2,098 FUND BALANCE-September 30 $12,850 $15,507 $16,748 $17,605 $19,703 Internal Loan to General Fund ($183,718) ($136,284) ($87,532) per 9.30.13 CAFR ($168,211) ($116,581) ($67,829) * Due to the structure of this debt service instrument,the 2012 and 2013 special assessment revenues of $57,930 and$58,874(respectively)are required by the Government Accounting Standards Board (GASB)to have the distinctive accounting treatment represented herein.