FY 18 Annual Report

Revenues and Expenditures by Category

CURRENT BUDGET

YEAR TO DATE

% OF

FY 2017 ACTUAL

ACTUAL

BUDGET

Dedicated Revenues by Category: TAXES

-

-

-

LICENSES & PERMITS

6,300.00 8,500.00

8,945.00 22,379.57

149.37% 133.64% 898.54% 108.74% 214.73% 263.29% 141.98%

12,125.00 14,029.11

SPECIAL ASSESSMENTS CHARGES FOR SERVICE INTERGOVERNMENTAL USE OF MONEY/PROPERTY

1,318,192.55

1,433,347.67

1,394,563.82

6,500.00

13,957.38

9,637.29

-

-

-

OTHER FINANCING MISCELLANEOUS

3,000.00

26,956.07

8,652.03

1,834,058.00 3,176,550.55

2,739,549.62 4,245,135.31

1,070,316.88 2,509,324.13

TOTAL DEPT. REVENUE

Expenditures by Category: SALARIES & WAGES

83,358.00 482,858.00

73,967.65 479,832.91

88.73% 99.37%

73,881.35 468,268.92

EMPLOYEE BENEFITS STAFF DEVELOPMENT

-

348.00

-

REPAIRS, MAINT, UTILITIES

110,000.00 67,920.00 515,150.00

116,673.41 81,433.00 421,500.31

106.07% 119.90% 81.82%

94,715.98 39,225.70 427,943.65

CONTRACTUAL SVCS

COMMODITIES

MINOR CAPITAL IMPROVEMENT

-

-

-

CAPITAL OUTLAY DEBT SERVICE

399,000.00

250,512.67

62.79%

163,001.34

-

-

-

TRANSFERS

1,393,971.00 3,052,257.00

1,523,169.68 2,947,437.63

109.27% 96.57%

1,835,936.68 3,102,973.62

TOTAL DEPT. EXPENDITURES

Summary Revenues and Expenditures by Fund Type Departmental activities are included in three budgetary categories. These include the General Fund, Restricted Funds and Special Revenue. A description of the activities included in each of these fund types follows: General Fund - Overall day to day operation of the department is budgeted within the City's General Fund. The dedicated revenue that is attributable to the department is derived from sources such as excavators licenses and permits, miscellaneous charges for service and Road Use Tax revenue from the State of Iowa. Restricted Funds - The department has four operational funds that are classified as Restricted. These include the Street Improvement Reserve, Sidewalk Reserve, Bridge Reserve and Public Works Equipment Reserve. These funds account for various capital projects and equipment purchases related to the Street Division. Primary funding for these funds comes from a portion of the City's Local Option Sales Tax receipts. Special Revenue - The department has two funds classified as Special Revenue. These include the department's allocation of FICA/IPERS and Road Use Tax receipts from the State of Iowa. FICA/IPERS fund is primarily funded with property taxes while the Road Use Tax fund is funded with the receipts from the State Iowa Road Use Tax Fund. Road Use Taxes are initially receipted into the Road Use Tax fund and then transferred on a monthly basis to the General Fund to cover that month's expenditures for the division.

GENERAL

RESTRICTED

REVENUE SPECIAL

FUND

FUNDS

REVENUES

1,104,244.13 1,155,879.87

439,674.06 1,581,931.12

1,403,519.44 1,507,324.32

EXPENDITURES

51,635.74

1,142,257.06

103,804.88

-

-

REVENUES OVER/(UNDER) EXPENDITURES

56