HomeMy WebLinkAbout1981-11-10; City Council; N/A; Quarterly Financial Reportz
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........ -CIT. OF CARLSBAD -AGEND"' SILL
AB#.____ III.I,£; QUARTERLY FINANCIAL REPORT
MTG.llil0/81
DEPT.Fi nonce
RECOMMENDED ACTION:
.5?J @)
DEPT,;~
CITYA~
CITY MGR. __
1. By minute motion, approve the reduction of estimated Revenues for Building
Pennies by $150,000 to $560,000 frora $710,000, based on reduced building
activity for the first quarter.
2. Approve fund transfer #34 transferring $52,000 from contingencies to
General Fund Leases to cover the unbudgeted portion of parking lot lease
payments. The contingency fund balance after this transfer will be $778,392.
ITEM EXPLANATION:
The attached report is a review of the first quarter financial activity for the
City of Carlsbad. The purpose of the quarterly report process is to keep
council informed of problem areas as they are idP.ntified and to provide general
financial information ,n the operation of the city.
The City Council should take particular note of the following points:
• Operating Revenues are generally below anticipated levels primarily due
to a slow down in Building/Development activity, for example, Building
Permits are running about 50% behind budgeted levels.
• Operating Expenditures are also below b'.ldgeted levels due to salary savings
and reduced activity in maintenance and operation accounts. Problems exist
in the General Fund teases account where the budget will be insufficient
to cover parking lease payments, and in the Mechanical Maintenance Department
where expenditures to date exceed anticipated levels. Both the reduced
income in Operating Revenues and the need for additional funds in the
leases account are addressed in the Recommendation Section.
• Capital Funds are experiencing a s1ow down similar to the lag in Building
Permit Revenue. The next quarterly report will prop~se changes to
revenue estimates.
• The ttechanical Maintenance Department has experienced some problems in
c1mtro1ling costs and accountability. This department will be the subject
of a stuoy by an expert on fleet maintenance in January. After this
review, the staff will make recommendations on the modification of the
fleet maintenance :iystem. In the meantime, the staff has created an
Internal ServicP. i"und for ac'.'.ounting for mechanical maintenance charges.
This will im~rove our ability to insulate the cost of the fleet maintenance
sy:;tern.
FISCAL IMPACT: The resJlts of the first quart~r operation show that the city's
revenue picture is weak and will require continued monitoring. The
revenue estimate reductions reconmended here decrease city General Fund
Revenues by $1~0,000, to about $12.7 million. The expenditure picture
is somewhat t-etter showing some savings to date. Capital Funds continue
to be weak, although no adjustment in revenues is proposed at this time.
EXHIBIT: City of Carlsbad's Monthly Financial Report, September, 1981.
CITY OF CARLSBAD
MONTHLY FINANCIAL REPORT
SEPTEMBER, 1981
-
This report will hopefully be the forerunner of a long series of monthly
fi nanci a 1 reports to the Manager and Counci 1 • The emphasis wi 11 be on
providing highlights of financial activity that should be brought to
management's attention. Each month the graphs and charts will be updated
with the most recent data. Problem areas and activities performing
substantially above or below budget will be highlighted.
The Finance staff is interested in ways to improve this reporting process,
to better serve the Manager's needs. If any departments have comments or
suggestions, please share them with Finance.
Recommendations
1. Reduce revenue from building permits by $150,000 (from $710,000 to
$560,000).
2. Approve a transfer of funds from general fund continyencies to general
fund leases in the amount of $52,000, to cover lease payments under the
new par~ing authority bond issue. This will reduce the contingencies
account balance by $52,000 (from $830,392 to $778,392).
3. The mechanical maintenance department operations should he reviewed to
properly control maintemrnce expenses and impl'l'Ve accountability.
Report Summary
OPERATING REVENUES -Operating revenues are slightly belo1, budgeted levels,
although it is too early to see a clear trend. A shortfall of about 8% is
currently being shown for the fir~t quarter.
OPERATING EXPENSES -Operating expenses are generally below budget levels.
A savings is currently being recorded in salaries and most maintenance and
operation's catagories. Significant proolems exist in two areas: general
fund lease payments due to under budgeting for the new parking lease payment;
and mechanical maintenance due to a higher than oudgeted level of maintenance
activity.
SALES TAX REVENUE -Sales t· ,es are currently being received at a higher than
anticipated rare. This, h~ r, should not be considered a trend. The next
quarter will be a key to determ, ing which way sales tax revenue will go.
BUSINESS LICENScS -Business lice~se revenue in the first quarter is usually
weak and this year is no exception. Second quarter revenues ·1ill be the real
indir.ators of an upturn or downturr• 1n Carlsbad's economic picture.
PARKING CITATIONS -1his sour1.L .ld yie,d about $25,000 by year end. This
is in effect a new revenue source , ,r the city.
page 2
continued
BUILDING PERMITS -Building activity in general is very slow. Permits are
running at 50% of anticipated levels. No recovery is expected until the
prime rate drops 'to at least 17% to 17½%. Th"is estimate should be decreased
by about $150,000.
INVESTMENTS -Total investments have dropped to $12 million from $14 million,
due to the purchase of the Macario Canyon property.
SANITATION FUND -Revenues currently exceed expenditures in the Sanitation
fund. This will not continue throughout 1981-82. During the next quarter
we should see revenues and expenses approaching a balanced position.
WATER FUND -Water revenue currently exceeds water expenses. This is
consistent with budget projections; however, expenditures through September
are somewhat below anticipated levels due to the timing of payments for
purchased water.
CAP ITAi. FUNDS -Development activity has been very s l cw during the first
quarter. These sources (sewer constructior1, public facilities fees,
park-in-lieu fees) are directly related to development activity. Although
we are not recorrrnending a revision of estimated revenues at this time, the
next fel'I months will be critical to these sources. If development does
not pick up, estimates will have to bei reduced.
Report of Operations
The following section provides a capsule view of many of the components
that make up the city's fiscal position. From month to month, these sections
will be modified to reflect the most recent up-to-date information. Sections
will be added or deleted as the need arrises.
The tqbles following the graphic section provide the detailed financial
accounting of activity through September 30, 1981.
OPERATING REVENUES·
SumtMry: Operating revenues are those revenues received
by the city that arc used to pay for daily operations such
as salaries, goods, services and ~mall capital equi~-nent.
These revenues arc dependent upon economic activity, building
activity, city rate structures and state and federal policies.
Operating revenue through the end of September have been weak
primarily in the building/development area. As the chart to
the right sho1,-s, first quarter revenues are running 5% to 8%
b~low anticipated levels or about $200,000 under original
cst,-iates. Other operating revenue sources arc generally in
line w Ith budget estimates,
The following sections discuss sales tax, building permits and
bt1slness licenses in more detail. A discussion of transient
tax revenue 1>1il1 be included, as soon as returns for the first
quarter are compiled in late October or early November.
OPcRATIHG EXPENDITURES·
SU'1111acy: Operating expenditui-es are those that support daily
operations such as salaries, porchase of goods, services and
minor capital expenditures. This catagory includes all opera-
tions of the city such as Police, Fire Administration, Mainte-
nance, Parks, Library, Sewer Maintenance and Water.
Expenditures through September are running about $300,000 below
expected levels for the first quarter of this year. About
$150,000 of this is due to sala~y savings within the general
fund.
Energy costs are within the anticipated limits for the first
quarter, as are telephone and gasoline expenses. Generally,
goods and services are running slightly below budgeted levels,
showing a savings of about $100,000,
Problems currently exist in the following areas;
, The General Fund Leases Account will require an additional
$52,000 to cover payments on the new parking lot expansion.
The budgeted fi9ure failed to Include a full year funding for
the 1981 parking authority bond issue. The figures used in
budget preparation were bond debt service requirements rather
than lease payment amounts.
i • ~~cnanical maintenance charges to other departments are currently
not included in the first quarter charges since an accounting of
these costs are not received by fin~nce until mid-October.
However, an analysis of this first quarter charge shows that the
mechanical maintenance shop is charging vehicle service costs at
twice the budgeted rate. If this continues, vehicle maintenance
costs will be about $200,000 over budget by year end.
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SALES TAX -
~: Sales tax revenue received by the city Is based upon
1% o-rgross retail sales within the city limits. The revenue
to date reflects, prirrarily, estimated payments based on the
state's projected sales within our city. Tax revenue is
slightly ahead of budget figures through the end of Septenber.
With all other economic indications turning down, it's hard
to believe that this trend will continue. The monthly report
will track sales tax revenue closely and highlight the first
Indicators of a dependable trend in tax revenue.
BUSINESS LICENSES -
~: Revenues from business licenses can often be an •
indicafor of econor,1ic conditions. The city's licerise cycle is
January to December, so the majority of licenses will not be
renewed until December 1981 or January 1982. Currently
revenue from new business licenses are slightly below anticipated
levels; however, the low l~vel of activity during the first
quarter of the fiscal year malies this an unreliable indicator.
The monthly report for January should he more useful in deter-
mining a trend ln business activity.
PARKING CITATIONS -
SU!IIMry: The 1981-82 budget does not include an estimate of
revenues from parking citations. The activity of the first three
rronths of this year indicates that toe city can expect to receive
$25,000 to $30,000 in parking citation revenue ty year end.
Parkin2 citation collection expenses are estimated to amount to
about ~3,500 in 1981-82.
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BUILDING PERMITS -
S~nrnary_: The present shortfall in development activity fs
directly related to the record breaking interest rates
experienced in the past few months. If the president's
policies have a downward effect on interest rates, developw~nt
should pick up rapidly. The Building Director is confident
that many of the 500 dwelling units currently on hold in his
department will oogin construction as soon as economic
conditions improve.
This, however, will not offset the slow start experienced in
permit revenue. The chJrt to the right shows that revenue
through this quarter is about 50% of the budgeted level.
Even with an improved construction climate in late 1981 and
early 1982, the city will not reach t.he budget projection of
$710,0GO in building permits. ·
This estimate 5hould be reduced by at least $150,000, to
$560,000 for 1981-82.
INVESTMENTS -
srnary: The City Treasurer is charged with the responsibility o managing inactive city funds in a manner consistent with
good financial practices and sound investment policies. The
amount of interest earned each year is directly proportional
to the availability of inactive deposits and interest rates.
The graph at the righ~ shows the investment pool available during
each month this fiscal year.
The decrease between Auaust and Septeirller reflects the purchase
of Macario Canyon. We can~xpect to see this pool of funds
decrease as capital projects get underway. Incre~ses should be
expected around December and April as property tax revenues are
disbursed. Tne chart below, shows the interest rate swing during
the past year. City earnings usually approximate the 90-day
Certificate of Deposit (CD) level shown.
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YIELDS ON SCLECTEO SECURITIES
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GENERAL FUND CONlINGENCY ACCOUNT -The General Fund Contingency Account
started this fiscal year with a total of $855,587. Transfers from this
account through September have amounted to $25,195, reducing the
balance to $830,392. The $52,000 contingency transfer recOlll!lended in this
report will reduce this balance to $778,392.
SAN ITl\TION FUllD -
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1:t,t,'l(S " Ul't/otN<lS Surrrnary: The sanitation fund is responsible for the collection
of sewer fees and the support of the sewer system maintenance
effort, including the city's share of the Encina operating
costs. It is important that the fees collected fully support
the system operating costs. The chart at the right shows that
for the first quarter, revenues h~ve exceeded expenses by
-.. ta~stt1,1rt\
about $30,000. This excess will be reduced as the city pays its
quarterly billing for Encina operations in October.
Revenues are currently being collected at a rate of about
$49,000 per month, or about $1,000 per month ahead of the budget
estimate. Exoendit~res are slightly behind budget figures, but
will aoproach budgeted levels with the next payment of Encina
operating exper,ses. ,
WATER FUND -
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~: The Water Department is a municipal enterprise, That
Ts7ts operations are accounted for in a manner that approaches
those used in private businesses. One of the primary indicators
used to detennlne the condition of the general operation is the
revenue vs exoenditure or profit nnd loss comparison. 1he
chart at the right shows a comparison of the cumulative ~ater
operation for the first quarter of 1981-82.
19tl-$2 \.:,\IIR (ott<rm! ortAAIIC<IS um«s " uttNom-.cs
Revenues oresently exceed expenditures and are 1ilthin 5% of
the anticipated revenues for the first quarter. Expenditures
are substantially below the anticipated level for this quarter
due to tile tim\ng of charges for purchased water. lhese charges
are billed bimonthly and wil 1 be recorded ir> October. Revenues
and expenditures should approach budget fif ~s by mid year.
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REVF.NU( -CAPITAL FUNDS -
~: As previously stated, development activity is in b
slowl>eriod. Capital revenues such as the public facilities
fee and sewer construction fund d~p~:,d on this activity for
revenues. As the two charts at the right show, both of these
funds are experienc\ng slow first quarter revenues. These fees
are very closely related to the flo~, of building pennit
revenues. As building pennit revenues pick up, these sources
will al so recovel'. Un less the r.ext two to three months show
marked improvement in revenues, these estimates will have to
be reduced by at least 20% to 30i.
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1911-el rwucrwumsms
CITl 0~ CARLS6AO
,1 '?EPIRT OF EH'LNOJ.lURES, Et.Cll1&RANCES
AND APPquJ~l~TJON BALANCES --REPORT E _______ P_ERJoo, S'/01./i:1 THRU 9/30/81 PJ\:!Z 1
• o i; ,U Cl G E T o• ClJRREl<T u o • u•• • • Y E A R -T O -0 J. T E •~ u•• o n
. ·-······ a rrsr.RJ!_TION A.Q.2.!'!!'' AC'JUSTl!_~f;ITS ~'!QEET EYl'E:.OITURES ENCUt18R4NCES IJ\IC'ICUH6C!:£.: 1•:T.
I -----------___ ,. ____ ,. _____________________ ---------------------------------------------------------------------------------
,--______ b_E_N~~JL GOVERNIIENT ---··
t.JTY cnu11cJL 35,18~.c,o o,c.o 35,186,ou 9,35.,,q1 o,oc 26,335.:;5 25,2
CITY 111,NAGE"R '199,801,C,0 .,,(10 ·, !99,8111,ull '15,623,75 3,232,211 ..... 15,1,;;q5,c1 •. 2~ .. 5 1--------,r, n--n ERK ·ie ,2oci(;o !:'u;c,t--.---iei 250. 110 101,52 o. 0_0 ___ 11 is11 r,. 'If :s~·s-----...;
INSURANCE & EON)S• • 2116,551oC.O · ,. u,c,, 2116,551,0lh &v,950,05 5161!7,25 15,9,9130•, ::!5ol.
r--------:c,ll,Y ATTORIJEY 11111~q9,c,o u,O<,., 1111,\lq9,UO 35,9117,83 5-18<,'1031,-. .• H,ll,1960.!}] 219~~--~
rfN'lliH-1: 17T,i39~c;o---r3JTs-s,ot:;;-r112~ee9,(,c, ii·2;39j~£,J: ,_ 1,,siiooiic;--::::rt2-;9,.s,!n. 21.:1
CITY TPEASURrn 319100110 0,011 3,910011(1 1,253•Q5 Ooo.:. .. -2,656,;;!;'. 32•1-
CEN•TRAL SERVICES -~ 369160r.1,0 ,,. 50oi.lC,'-36915!;8,IIV 52,115,qq 39,,:1.i,7,61 ,.....27.~2.91/o!'! ,2~•7 t--------.-1-llRCt.◄WHiG 5·2ii,17;·.,o -Jo0C. ___ 52i6i7;(11, · 1J;1g·~66 --569;-4~1;sa.1~!'! ,. 2.i~--::,,,---}---
1-ERSON~•EL 171,92E-'•l.0 \loDII 171,926oVO 37,211QoS2 l.121,DoOb, --~~,.li6e!.•-~• • 22,',
1-LANt,Jt;G •. S<l6,11;;',1,0 ll,OC, 5i,6,11:hu<, 121,33J.78 12,qo6.£Hi, --'11,2,-315~!,2, •. 2~.5.
lOTAL <:ENERAL GOVERNHENT 1965 ,6oc-.co 3,150,00 11968,750,01, 'l36,S83o3q 75,5e1.a3 1,q56,s7a~~ 2!u0
f-U£'LI C SAFETY
tfvIL[\E'Fl'Vs·e 1,1106';co .i.oc:.---1,q~o. ,10 ... oo OoOO 1,qc, J~ ~t Jo a
\0 bUJLOJNG 1135,719,00 o.oc 1135 ,719,C.O 78,3150~2 9 0,8.3901:1. •• 2L6,S61l,<17. ·:,."· 8 f-OLICF OEPT 2S32,.,1601,0 • .. f.leOC, 2,532, 0160 uo • -s119 ,qos 073 27 ,082,,71> 220 a -------f1:ie -iiEhRrneN1 1·a19;3s3';c. o
1..,9~_!1_,,_s2..11 .s1
u,oc, 1,879,353. uc. '111 ,662,07 9 • !.7 3 eJl8 • .:1:~fl5e.,r.11 •• ~s 22.q
TOTAL PUllLlC SAFETY q9qa,i.es·.oo OcOC. q, sq s, '188. uc, 1,039,Jes.22 126,995.69 a,6e.?:,1ue. ~" 2i o !. --------
ASSlST CITY ""h~G-OEVELOPH£NTAL SERV 1---------·---------
f-lleLIC WOR~S A0'11N 51161,<r,1,0 O,OC, 51,669,C/O 5,892,01 1,9SQoll6 11317920!;~ :5,2
.,_ _______ lJTILITIES IIAJNTANCE OJR 34,1177..1,0 ___ ....,_J,Oi, 3Q,1172 • .>0 257.05, .• ~•. 921,Q3 -·-· ~3,293 0 ::;2 . 3•-cq=----
LNC. lf,HR ING ---6"f~ 151120 (;0 o,c,1,--613,Sll2o uc--1°27 ,9 l5o 26 16,9117 o 25--:;:::-% 6167 ,:r; ::f°:7"23o 9 •. )
~TREET$ •989,11il'•C.0 ' -.. ->oOI., 98911~'1,0<, 119,213.55 5'1.,21l6.71i ~,-815,&530:"J !7,!>
" IIECHANICAL MAJ1',fANCE C"oC.O · -O,<,e, -o • .,c l.0311119081 2571<1e3.23 ... 36.l,.~.,3~ ~o.-J•II .. As·rr, rOLl.'E'CTU1'l·--· --20,·,;•s<.>·.uo .:i,c.1, ---2u,9&9.,1<;----3;2:.:i~a5 :·o • .,1,-:-::=:i:1,77e;"~--:.;;~3•----
1,eweRAL CO\'EkNIIENT 8UIL01NGS 110,637'oGO ., (l,C.t, 11ih637,1111 22,lll!1o93 -14'1173031 _, •• 71,1121;.~E-'35,CJ
~DI.JO IIAHE SER~ICES 328,680oCO O,CI_C. ___ 3~~~•01> 60,9'1Q,~7 3C.3e'l9 267,1131.::;,• :.s.6
TOTAL FUeLIC '0'!1'S 21q9 ,103;.'co .
LJBRt.RY 9q2,796,(.,0 . .,~, . '
OoOO 211119,1~3,llO •1112,8911063 351,059,91 1,355,1q 8, ll£ -3~, 9
• ...... ··--------· -----------------
"oOC. 9112,796, <,C, 2.tll,819 0111 6 C.,773.611 ,667,2011~ :?2 2le 2 ______________ ;:__ _______ ~~------'·~-.=.::---·-
fARl<S & RECREATION
1',0N•OEPARTIIENTAL
OMHIJNT1Tr'ROHG"1T01l'
1911 ACTG-SERY =ROH OTHER CtPT
138Cl,562eu0
lf5Tv'lls.i;1,
6 ,500-oC.O
0.00 1,380,562.00
Delrr--lf5TCilf!>tliv
0.09 6,500.00
21/4 ,375oq6 8 6 ,790e06 :L.,0119,39 6~'11'
-,.o-o--rir,iiliS'.eiir .,. ,,
'1150 o; :2 1,991.98 OoOC,
2~. 0
;;.....,.c""l""T"'",-o,..F-c-A""'R""'L_S_E,_A...,,G------------------------------·-------------------------------r
~EPlRT OF F~PtN01TURES, ENCU1~RANCES
~_NC) APPRGP~!~!..t(!!!_8.~':~~~S --REPORl E .. --__ PE~l!)~~~/8! .Hl~ _ _9/3(./81 ------______ J:!!_€,E __ ?
.... e ·u O G I:. T • n CURRENT •• •• •~••w• • Y E A R -T O -D A T E •• nwi,o.-o
,1 ACCCUNT 11 Of SCRJ PTI O'I ----~l!-~~1!0 ArJUSTl1~1lTS B\!DGET E>'f'EN!J_!_TU~E_S l'NCUt:BRlllC~_L!!!!§.'!_CiJ.~.@f!}IQ_l:'~I:e.•---.., ---~-------------------------·· ----··-------------------
AUCIJT .---------~"•uvc•.:.o ____ lloOC 6,UuileUO 3,0COoOO OeOO 3,.JCi)~ 'JC' ~Clo 0
·1--------'i,ENJ OR -cl n·teif!, ~1,s2s.,o u.cc. ___ 37,S25ellil 9j115l,·.24---2"a,361l~7.s -· .1";oi--1oa·;•o:----
11ues & MEIIFER51ilP 1111115001/0 UeOC 1 11,u!,OoUO 13,2C.5eDO OeOJ 8'15o '}( "loO
,,, LEASES __________ 1122,IIOOollO _____ aoUC '122,111.0e,H, 135,26qo'IO 231,793e20 511,9112oq( 87o0
i,FkETlfirt<H·,· -·-· c..,,-o i>oOC ____ --OoOD 1e2,cI1.s11 0;1ic ___ 1e2,Ji1.";:<?;,::---,i;2:----
• CONTlNGENClff, 855,5870110 25,195000-830,3!12oUII i>oOO OoOO 830,392o?C lloO
, (.01'11UN1TY ASSISTANCE 1q,c,OC.0CiO ,OoOO 1'11\li,Ool>II 9,00CloOO~-----iOoOII 51v11v-.'H Uo3 .• Ii TR ee--r-i:-1 Gft T J NG ·p·I( R·rrcTPA1Ttrr:i--17,4 36·.n • Ci(, ___ 1'7, li36o.)U "• 00 Oo 00---1·7; ,n-;,--;-~~ ... ""o .;.0 ___ _
,, TOTAL tlON-OEPAliTl1ENTAL -11118,11113"•00 25,195o0Ci-1,393,2118ov0 353,9370116 305,206096 7311,1C,3o!il' "7o3
hOUSlNG & liEOEVELOPl1ENT AON 1--------
R EC EV ELDPNENT AON IN
-f,UN AN !:ERV I Cl:S .
~ ......... , ...••...•...•. ,
~~ TOTAL GENERAL FJHD
~ ~ ......... . H LIBRARY CLSA
13;? ,1167.110
::sz,6q11;,11c
166 ,115"oii0
12871 ,:t07.00
O"el/0
lloOCI
lloOC.
132,q67 • 00
33,6qao ,c.
OoOC. 166,115o0C,
22,0115 ooc-12 ,aq 9 ,w, 2.00
27 '"C.1 .qq
5,903081
32,9C.!io25
2,7611,900050
OouO •.• 1i.5,:&6 S~SE 2:>.11
1,1b1o80 -'-•-.2! .. 56 2.~~-. 210 0
1,161.ao 132,i)ll7o?~ 2a.5
1,0o7,S75o89 ___ VC/76,385;6! 29oii
O,OC, Oollll 3,2'1So69 211i77o18 5172 5~87-ile 0
):
~ ------------------------------·-------------------------------~ ~ORKMENS CONP l~S
~-1--------~_!>RK_':'_~~_E~_tlP_~~ REVOLVJN{, O"!\'.O .>oOO OoUO 19,21i'lo35
l:j
o.oo 1-,,211 q~_:."!.'~ __ a~ o l
• LIABILITY SELF INS !l --------
·•.,. _______ LU8ILJTY SELF IN_,!_REY_OLV _ -·· o·.,c, o.oo o.uc. 65~3-~o78 o~_,,u ___ 61~3_3_8o:'I'-a.1 •
~ .. -~ ,. " , ... _._,.~--~---,.. .... _.. ,. -
SAN'IT AT JON & JAT{!R POLLUllON 679,812'000 OoOt 679,812,QC, 116,1117052 S2,62h79 . -s:31,1.1:!llol,f 21o9
!--------~~TREE,. LlC,HT ING._ _ _ '1119 ,9 oc·.oo. _____ ,lovG __ ~q9,9e,o! (,(I 5q,9<;~.53 11 ,53q_.1,1...=.}_9 <!•H §~ 1;1 :.~ .. 2 (
hON OFt-T-LlBRU,l' BONDS 18,101/"ol,II OollC) 18,1110oOv 50.·oo Oo\lv 13,.i5\lo:JC Jo3
~Ellt;R FONDS 1211,57c•.c,o -'oOII 12q,570.uo uo.oo OoOO 12q,q1.io ,t i.1
J ... _ous !_N€(_REr-EV~L_aP f!E NF ·a1~.!!_S6.~ ~: • . \ ~o ~~.::___.§_16, 15!> ~ !i_ll 135 !110o?3 .. , :. _51,0.oc,_~~~O•.S'f..Si?..~~s .. _6. ___ __
REDEVl'LOPIIENT A;iENCY • 89,C,61•.,o > uoOC.• 89,061e011-• 12,5310.16 ~.2,.i'.J2So92 •• ◄-•--7'1,51l3o'JCI •• , !S.3
· hOUSI NG & COIIIIU-.t TY DEVEL. "39',28C"e-C·O ·•· -OoDO . 39,2800 Ov 61035.qlt " •.!•5~'5e7.6, •. --~30,!>6.S;_u. ,· 21• 9
iOTAL-!>TA"EJrbPfli.-tTNG-YllNO-s--~216"1819'.uo· a;o~2,216 ,af97oii'
,. K t , ~· ,# ;-'. ~~ ~--1112 .. ,816026
-:'
II 11,7112.)-~ 1,759,319• !>! 2:1. 6
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cftToi=ci RLSi> AD 1 REPC~T OF E~~lNOITURES, ENCU18RANCES
, A._0 APPROf-Rl'AT JON 81.LANC!:S --REPORT E PERIOD& 9/0!f_f,1 THRU 9/31,/81 P..\l"E 3
U• E" U O G E T ••• CURRENT ., ·" ....... . YEAR-TO-DATE IC••·•••• wa
OFSC R J PTJ IHI AOCPTE~ AOJUSTNENTS B~DGET E_lf!'_E_t;OlTUqes ENCUl:!!RANCES UNE~CUl1 BE!':!'O P:T;
i,ATER 18110119:.1, 0 OoOO 118IIC.1195o00 336 ,3ss._oo OoOO 1.,51,3,gq ll~ ':C :!.3~_3
lOTAL--llP£RA'iJN!, FUNDS 169281:l.8'1".-00 22.10'15o!.I0-1,61906•1.36oUO 3151'1,071076 1,u52,318o68 12133917'1 So:;;~ 2,. 0
1,'APTTALFtitros
!,AS, TV ===-=-------=16C,939•C,0 15,00Q•<,I, 19519390!.IO OoOO OoOO -195,939~'.)( .>._o ___ _
·1-------~l>ENHL-l'AP-ffAL RESERYE 3353-,751'0<10 ·-7,01i5ollii:7.3E-11,796;uu 21138050 ----o • .ju=:s;;g;,s5-7.!':;;~. Oo.• -)
&EIIER 1:0i;STRUCllOH 83 ,535.(,0 972,0C3oCC. 1,0551Si1,.1,1, 3115,606000 ,OouCI , 7C9,:132. :lC '32 ••
kEYEt<UE SH~iHHI> 709,861'oLO J•OO 7v9,8£.1ovl, 322,8C.2o85 115,6C.8.J0 . 271,25Je!_:. £108°
1--------fusi.:rc-i,~crC1TITS1;otrsTiHfCTnnr--ei·;-,,-1,c,•.i;-o J;1,c;---s6,1. .. o.u.. u-;oo o.·i>o---s6i.,1111-;-~-r--J;·a"" __ _
FARK-JN-LJFU 251,500•01,0 OoOO 251,51.0oG., OoOO 1u3,7C9o56 1'l7,790o'l2 "1•2
!:LOCK, t:llANl ' " 2'10,S83i,1,0 • 0.01, 2110,963•,;i,. ·-310.00 111>669o0u --225,60'1~:lt. Se3
1--------.-nElrCiiPTTTC711P"R'OV£'tfE"ln'S---21.i6~0G';<, cr;,.1,-2,1169; 1ico~u ,>.OO o • .:io 2,',6 9 > llv Uo ~c
.... .... TOTAL C41>JTAL FJNDS 6975 ,569.C. 0 9911,oqa.oo 7,969,611.00 670,857.35 23'1 ,386.56 7,06 '1,37 3~ ,7 ~1..q
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