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

1,079,347.00

1,517,865.77

140.63%

965,108.69

LICENSES & PERMITS

-

-

-

SPECIAL ASSESSMENTS CHARGES FOR SERVICE INTERGOVERNMENTAL USE OF MONEY/PROPERTY

29,337.00 5,600.00

41,558.56 18,880.28

141.66% 337.15%

41,176.25 15,444.40

- -

- -

- -

OTHER FINANCING MISCELLANEOUS

96,611.00 50,000.00

51,518.04

108.86% 137.60% 103.04%

75,000.00 52,092.54

105,172.36 1,734,995.01

TOTAL DEPT. REVENUE

1,260,895.00

1,148,821.88

Expenditures by Category: SALARIES & WAGES

- - - -

- - -

- - -

EMPLOYEE BENEFITS STAFF DEVELOPMENT

REPAIRS, MAINT, UTILITIES

4,409.50

4,383.73

CONTRACTUAL SVCS

480,280.00 770,337.00

464,851.12 654,367.79

96.79% 84.95%

14,864.00 442,715.48

COMMODITIES

MINOR CAPITAL IMPROVEMENT

- - -

- - -

- - -

CAPITAL OUTLAY DEBT SERVICE

TRANSFERS

481,010.00 1,731,627.00

403,002.00 1,526,630.41

83.78% 88.16%

430,479.72 892,442.93

TOTAL DEPT. EXPENDITURES

Summary Revenues and Expenditures by Fund Type Departmental activities are included in two budgetary categories. These include Restricted Funds and Special Revenue Funds. A description of the activities included in each of these fund types follows: Restricted Funds - The department has two operational funds that are classified as Restricted. The Economic Development and Shine Loan Funds. The Economic Development fund is the primary account for expenditures related to general economic development activities. The Shine Loan fund accounts for the payments received from Shine Brothers and the payments to SMU and the City for their loan given to Shine Brothers in the past for an expansion. Primary funding of the Economic Development fund is excess general fund revenues determined at the end of any fiscal year and a portion of the city's receipts of Local Options Sales Tax. The Shine Loan fund is fully funded by payments received form Shine Brothers. Special Revenue - The department has three operational fund classified as Special Revenue. These funds include the TIF, Sales Tax TIF and SSMID funds. These funds account for the revenues generated by either the TIF district or SSMID district and all related expenses.

RESTRICTED

REVENUE SPECIAL

FUNDS

REVENUES

117,192.52 200,291.44

1,409,437.89 1,534,703.57

EXPENDITURES

83,098.92

125,265.68

-

-

-

REVENUES OVER/(UNDER) EXPENDITURES

73