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HomeMy WebLinkAbout1981-11-10; City Council; N/A; Quarterly Financial Reportz 0 § cc ...I 0 2:: ::, 0 t.) ........ -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. .......................................... • 100, 16 \t}.~t•N OO(AAU"l~ ~(1t~V(S 14 ~ t=•~d)'l t --•Act..-d •I••••••·••••·"••·••"'""••·•·••· 2 O • N n lt lO K • I l l I 0 •• N I =•M;tl --•ActuJ\ I I HS I 1 .. ., so, ' .. . . ZIS 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. IO IO 40 lO 20 10 ~ T H 0 u s A N 0 I / ~ :1 ~ ~ 19!1-!l PAA<l'iG CITAIIGl'IS , ~ £ tl ~ t! i ; i ~ 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 $560,000 for 1981-82. INVESTMENTS - srnary: The City Treasurer is charged with the responsibility o managing inactive city funds in a manner consistent with good financial practices and sound investment policies. The amount of interest earned each year is directly proportional to the availability of inactive deposits and interest rates. The graph at the righ~ shows the investment pool available during each month this fiscal year. The decrease between Auaust and Septeirller reflects the purchase of Macario Canyon. We can~xpect to see this pool of funds decrease as capital projects get underway. Incre~ses should be expected around December and April as property tax revenues are disbursed. Tne chart below, shows the interest rate swing during the past year. City earnings usually approximate the 90-day Certificate of Deposit (CD) level shown. ,, • ' ' . . .~ '-. • ' 'vcr ' ~ -""' . ,.) ' ., .. • YIELDS ON SCLECTEO SECURITIES A\1.fV.;U U CAIL't '-AIU ll«O IIUOAY ~ I I I~ I I -'-.... ~°;«Jf,IC j 8' "ii"'+'l '----;I\ .. rl'\ 11/ I :'i/1 ,\ ,r-• .,,? irli (1, •• )~14. •'\ " .. ~ .. ,, \i" Tr•-_/ ~ 1,-J ·-1,-;..t - Iv' ~:!~"" I I , 1,, ,• -.. ' -~~l~r• I '-- "\ "\\ . ... , ... ... '" .... ... -l~ . .. - -- "' ... ' , ~•.¥ W Liu: 4• :-~"' m l\l '11 Ull ¼" u11 Im '.I' [m_· • N .... fl • • .. UN• > H IH ,t I• .. ••It ... .. .. .. ;oo ................................... -....... , ...... ~. 11 ff ' L 12 \ 0 ,I 10 S 1911-l\! &UllOJ-.r., rtr:111$ mi.~ IM'Unt:JctS 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 - 1,000 t H 0 19$1-PZ 8)) ~ A • ® 0 s1.,m11e<1 ttt<1l ~..Al~Tl~\,:t l ort~\11~ 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 - --.--... rtc:ytfiQlt1,. !00 T H 0 (00 ~ A N !00 -0 s :00 ,' 100 f ij \! ~ 8 y u ~ ., ~ :::! i ; ~: 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. ft I l l I 0 • •••••• • lt'tCMf. -.. bptndlt1;rt1o i ~ 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. 1400 1200 lCOO 600 600 4-00 1100 r H ~200 0 u s A 1000 N D, eoo (,0() (00 • 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 ,, --~------:.-..... "-."""'""- 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 -~:I ~ __ , tou-rm:7'1J;os "' •~,,,-,,.....--.,..-...r.oo. " , m , m, oo , , ,., ,,,-,. u _,, ~".'.'::' ._ ~ _'._:::'.'.','.'.:':.::1' .,,, 1,,1 -tj , 1:j t.1---------------------------------------------------- ✓ ~,I ) [I! .. -------------------------------------------------