The URL can be used to link to this page

Home My WebLink About05 - May 2026 Monthly Financial ReportVILLAGE OAK BROOKOF MONTHLY FINANCIAL REPORTS MAY 2026 Estimated YTD YTD Net Fund Ending YTD YTD Increase Fund Balance Governmental Funds Revenues Expenditures (Decrease)(Deficit) General Fund (Major Fund)16,596,022$ 12,861,286$ 3,734,737$ 46,881,059$ Main operating fund of the Village. Hotel Fund (Major Fund)819,403$ 353,251$ 466,152$ 6,642,212$ Collects and spends resources from the 3% hotel/motel tax. Motor Fuel Tax Fund 189,398$ 58,856$ 130,543$ 2,912,803$ Collects and spends resources from the State motor fuel tax. Infrastructure Fund (Major Fund)4,831,716$ 1,248,251$ 3,583,465$ 31,464,862$ Accounts for construction and maintenance of roadways, drainage, and safety path systems. Enterprise Funds Water Fund (Major Fund)4,776,403$ 4,981,618$ (205,215)$ 24,109,591$ Collects user fees for the distribution of water and maintenance of infrastructure. Sports Core Fund (Major Fund)2,536,912$ 2,066,574$ 470,338$ 4,303,419$ Accounts for revenues and expenses relating to administration, programs, food and beverage operations, and golf course. Internal Service Funds Insurance Fund 1,353,885$ 1,375,659$ (21,774)$ 329,850$ Accounts for the Village's health insurance costs and the related contributions from the Village, employees, retirees, and other agencies. Garage Fund 283,255$ 308,831$ (25,576)$ 552,326$ Accounts for the maintenance of the Village's vehicle fleet and the related departmental reimbursements. Equipment Replacement Fund 627,367$ 738,705$ (111,339)$ 3,739,961$ Accounts for the replacement of the Village's vehicle fleet and the related departmental contributions. Further information on the Village's major funds (as indicated above) can be found on the proceeding pages. Executive Summary on Village Funds Through May 31, 2026 5/31/26 5/31/26 5/31/25 5/31/26 YTD % of YTD 2026 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Sales Tax 8,222,655$ 9,960,256 7,708,333$ 129.2%18,500,000$ 1,737,601$ State Income Tax 747,842 769,535 645,753 119.2%1,549,806 21,693 Replacement Tax 200,057 208,549 208,333 100.1%500,000 8,492 Road & Bridge Tax 1 3,124 14,042 22.2%33,700 3,123 Local Use Tax 82,575 29,199 120,833 24.2%290,000 (53,376) Cannabis Use Tax 5,352 5,656 5,769 98.0%13,846 304 Grants 5,320 - 8,800 0.0%21,120 (5,320) Utility/Telecom. Tax 1,390,441 1,419,484 1,208,333 117.5%2,900,000 29,043 Licenses and Permits 865,387 897,516 1,011,838 88.7%2,428,410 32,130 Charges for Services 758,696 1,176,349 851,688 138.1%2,044,050 417,652 Investment Interest 559,986 698,450 583,333 119.7%1,400,000 138,465 Miscellaneous Income 262,351 268,143 297,608 90.1%714,260 5,791 Total Operating Revenues 13,100,664$ 15,436,262$ 12,664,663$ 121.9%30,395,192$ 2,335,598$ OPERATING EXPENDITURES Personnel 9,694,450$ 10,001,847$ 10,374,106$ 96.4%24,897,854$ 307,396$ Materials and Supplies 218,804 207,527 299,345 69.3%718,429 (11,277)$ Operation and Contract 2,760,789 2,561,595 2,892,275 88.6%6,941,461 (199,194)$ Other Expenditures 3,961 9,712 4,125 235.4%9,900 5,751$ Capital Outlay 818,257 80,606 231,121 34.9%554,690 (737,651)$ Total Operating Expenditures 13,496,260$ 12,861,286$ 13,800,972$ 93.2%33,122,333$ (634,975)$ SURPLUS (DEFICIT) OF REVENUES OVER EXPENDITURES (395,596)$ 2,574,977$ (1,136,309)$ -226.6%(2,727,141)$ 2,970,573$ INTERFUND TRANSACTIONS Transfers In -$ -$ -$ N/A -$ -$ Transfers Out N/A - Reimbursements From Other Funds 837,940 1,159,760 1,159,764 100.0%2,783,433 321,820 Reimbursements To Other Funds - - - N/A - - Sports Core Loan N/A - - Total Interfund Transactions 837,940$ 1,159,760$ 1,159,764$ 100.0%2,783,433$ 321,820$ NET FUND INCREASE (DECREASE)442,344$ 3,734,737$ 23,455$ 56,292$ 3,292,393$ *Includes the collection of Income Tax, Use Tax, Road & Bridge Tax, Personal Property Replacement Tax, and Cannabis Use Tax. Village of Oak Brook General Fund Financial Update For the Period Ending May 31, 2026 5/31/26 5/31/26 5/31/25 5/31/26 YTD % of YTD 2026 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Hotel Tax 550,585$ 586,346$ 666,667$ 88.0%1,600,000$ 35,761$ Investment Interest 76,776 95,557 25,000 382.2%60,000 18,782 Loan Interest - - - N/A - - Miscellaneous 108,264 137,500 207,708 498,500 29,236 Total Operating Revenues 735,624$ 819,403$ 899,375$ 91.1%2,158,500$ 83,779$ EXPENDITURES Personnel 57,410$ 59,698$ 64,481$ 92.6%154,755$ 2,288$ Operation and Contract 105,693 172,510 462,808 37.3%1,110,740 66,817 Other Expenditures - - 119,899 0.0%287,758 - Capital Outlay 39,069 1,148 354,188 0.3%850,050 (37,920.67) Total Expenditures 202,172$ 233,356$ 936,895$ 24.9%2,403,303$ 28,896$ SURPLUS (DEFICIT) OF REVENUES OVER - EXPENDITURES 533,452$ 586,047$ (102,001)$ -574.5%(244,803)$ 54,882$ INTERFUND TRANSACTIONS Transfer Out -$ -$ -$ N/A -$ -$ Reimbursements to Other Funds (85,745) (119,895) 119,899 -100.0%287,758 (34,150) Total Interfund Transactions (85,745)$ (119,895)$ 119,899$ -100.0%287,758$ (34,150)$ NET FUND INCREASE (DECREASE)447,707$ 466,152$ 17,898$ 42,955$ 20,732$ Note - Expenditures are recorded in program 171. Village of Oak Brook Hotel Tax Fund Financial Update For the Period Ending May 31, 2026 5/31/26 5/31/26 5/31/25 5/31/26 YTD % of YTD 2026 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Non-Home Rule Sales Tax 3,557,155$ 4,388,375$ 3,581,250$ 122.5%8,595,000$ 831,220$ Charges for Services - - N/A -$ Investment Interest 303,462 443,341 208,333 212.8%500,000 139,879 Grants - - N/A - Miscellaneous - - N/A - Total Operating Revenues 3,860,617$ 4,831,716$ 3,789,583$ 127.5%9,095,000$ 971,099$ OPERATING EXPENDITURES Personnel 14,120$ 16,343$ -$ N/A -$ 2,223$ Materials and Supplies 3,852 3,187 24,502 13.0%58,804 (665) Operation and Contract 494,158 811,881 1,584,041 51.3%3,801,698 317,723 Other Expenditures - - 460,346 0.0%1,104,830 - Capital Outlay 542,482 39,830 3,836,876 1.0%9,208,503 (502,652) Total Operating Expenditures 1,054,613$ 871,241$ 5,905,764$ 14.8%14,173,835$ (183,372)$ SURPLUS (DEFICIT) OF REVENUES OVER EXPENDITURES 2,806,004$ 3,960,475$ (2,116,181)$ -187.2%(5,078,835)$ 1,154,471$ INTERFUND TRANSACTIONS Transfers In -$ -$ -$ N/A -$ -$ Reimbursements From Other Funds - - 833,333 0.0%2,000,000 - Reimbursements To Other Funds (292,460) (377,010) (460,346) 81.9%(1,104,830) (84,550) Total Interfund Transactions (292,460)$ (377,010)$ 372,988$ -101.1%895,170$ (84,550)$ NET FUND INCREASE (DECREASE)2,513,544$ 3,583,465$ (1,743,194)$ (4,183,665)$ 1,069,921$ Village of Oak Brook Infrastructure Fund Financial Update For the Period Ending May 31, 2026 5/31/26 5/31/26 5/31/25 5/31/26 YTD % of YTD 2026 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Plan Review Fees 750$ 75$ 313$ 24.0%750$ (675)$ Building/Inspection Fees - - - N/A - - Water Sales 3,331,133 3,881,645 5,170,417 75.1%12,409,000 550,512 Unmetered Sales 15,304 15,676 16,667 94.1%40,000 373 Water Connection Fees 53,590 23,690 25,000 94.8%60,000 (29,900) Fire Service Charge - - - N/A - Meter Charges 18,280 9,097 6,875 132.3%16,500 (9,183) Special Services - 16,629 6,250 266.1%15,000 16,629 Investment Interest 472,972 509,594 354,167 143.9%850,000 36,622 Proceeds from Property Sale - - - N/A - Miscellaneous 53,025 319,998 31,250 1024.0%75,000 266,972 Total Operating Revenues 3,945,053$ 4,776,403$ 5,610,938$ 85.1%13,466,250$ 831,350$ OPERATING EXPENDITURES Personnel 250,951$ 263,530$ 292,981$ 89.9%703,153$ 12,579$ Materials and Supplies 63,846 37,239 63,555 58.6%152,532 (26,607) Operation and Contract 2,021,940 2,086,308 3,338,992 62.5%8,013,581 64,367 Other Expenditures - - 285,316 0.0%684,758 - Capital Outlay 371,695 2,309,222 2,507,179 92.1%6,017,230 1,937,526 Total Expenditures 2,708,433$ 4,696,298$ 6,488,022$ 72.4%15,571,254$ 1,987,865$ Surplus (Deficit) of Revenues Over Expenditures 1,236,620$ 80,105$ (877,085)$ -9.1%(2,105,004)$ (1,156,515)$ INTERFUND TRANSACTIONS Reimbursements To Other Funds (245,505)$ (285,320)$ (285,316)$ 100.0%(684,758)$ (39,815)$ Total Interfund Transactions (245,505)$ (285,320)$ (285,316)$ 100.0%(684,758)$ (39,815)$ Fund Increase/(Decrease) - Budgetary Basis 991,115$ (205,215)$ (1,162,401)$ (2,789,762)$ (1,196,330)$ *Estimates based on historical year-end audit adjustments. Actual amounts are not measured and recorded until the end of the year. Village of Oak Brook Water Fund Financial Update For the Period Ending May 31, 2026 Village of Oak Brook Monthly Operating Statement Sports Core Fund Consolidated Presentation For the Period Ending May 31, 2026 5/31/26 5/31/26 5/31/26 YTD % of YTD 2026 5/31/25 Difference B&T Recreation Field Clubhouse Golf YTD Amended Amended Adopted YTD Prior Operations Operations Operations Club Total Budget Budget Budget Total Year OPERATING REVENUES Memberships 623,800$ -$ -$ 376,905$ 1,000,705$ 434,538$ 230.3%1,042,890 923,674$ 77,031$ Greens Fees - - - 441,746 441,746 725,833 60.9%1,742,000 409,274 32,472 Pro Shop Sales - - - 48,477 48,477 75,000 64.6%181,000 49,928 (1,451) Golf Lessons - - - 59,775 59,775 41,667 143.5%100,000 67,965 (8,190) Driving Range Fees - - - 378,617 378,617 324,583 116.6%779,000 273,028 105,589 Golf Surcharge - - - 58,740 58,740 104,167 56.4%250,000 52,522 6,218 Rentals 96,136 48,667 68,622 172,180 385,604 470,196 82.0%1,226,070 293,567 92,037 Programs/User Fees 79,861 - - - 79,861 64,925 123.0%155,820 56,935 22,926 Food Sales 8,818 - - 11,328 20,146 48,229 41.8%115,750 9,363 10,783 Beverage Sales 589 - - - 589 1,667 35.3%4,000 1,198 (609) Grants - - - - - - N/A - - - Other Revenue 24,959 - - 21,024 45,983 31,900 144.1%76,560 27,882 18,100 Total Operating Revenues 834,163$ 48,667$ 68,622$ 1,568,791$ 2,520,242$ 2,322,704$ 108.5%5,673,090$ 2,165,337$ 354,906$ OPERATING EXPENDITURES Personnel 94,637$ -$ -$ 462,430$ 557,067$ 757,300$ 73.6%1,817,521$ 501,068$ 55,999$ Materials & Supplies 245 - 1,026 162,299 163,570 190,786 85.7%457,887 134,567 29,002 Operational & Contractual 352,566 33,292 37,109 149,551 572,518 472,296 121.2%1,133,511 357,919 214,599 Other - - - - - - N/A - - - Capital 87,831 - - 291,383 379,214 370,393 102.4%888,942 369,557 9,657 Total Operating Expenditures 535,279$ 33,292$ 38,135$ 1,065,663$ 1,672,369$ 1,790,775$ 93.4%4,297,861$ 1,363,112$ 309,257$ B&T Administration Overhead Allocation*397,564$ (33,788)$ (71,180)$ (292,597)$ -$ (0)$ N/A -$ 0$ 0$ Operating Revenues Over (Under) Expenditures 696,448$ (18,413)$ (40,693)$ 210,531$ 847,873$ 531,929$ 159.4%1,375,229$ 802,225$ 45,649$ INTERFUND TRANSACTIONS Reimbursement From Other Funds 16,670$ -$ -$ -$ 16,670$ 16,667$ 100.0%40,000$ 16,670$ -$ Reimbursement To General Fund (394,205) - - - (394,205) (394,203) 100.0%(946,087) (230,900) (163,305) Total Interfund Transactions (377,535)$ -$ -$ -$ (377,535)$ (377,536)$ 100.0%(906,087)$ (214,230)$ (163,305)$ Total Revenues Over (Under) Expenditures - Budgetary Basis 318,913$ (18,413)$ (40,693)$ 210,531$ 470,338$ 154,393$ 469,142$ 587,995$ (117,656)$ *Overhead allocation is comprised of salaries, business forms, liability insurance, building & grounds maintenance and bank service fees in Program 811 - Sports Core General Operations distributed to various Sports Core Programs on a % basis. **Estimates based on historical year-end audit adjustments. Actual amounts are not measured and recorded until the end of the year. Village of Oak Brook Monthly Operating Statement Bath & Tennis Club Recreation Operations For the Period Ending May 31, 2026 5/31/26 5/31/26 822 5/31/26 YTD % of YTD 2026 5/31/25 Difference 811 812 813 Poolside YTD Adopted Amended Adopted YTD Prior B&T Admin Swimming Tennis Café Total Budget Budget Budget Total Year OPERATING REVENUES Memberships -$ 601,440$ 22,360$ -$ 623,800$ 266,548$ 234.0%639,715$ 569,324$ 54,476$ Programs/User Fees - 67,815 12,046 - 79,861 64,925 123.0%155,820 56,935 22,926 Pro Shop Sales - - - - - 417 0.0%1,000 130 (130) Rentals 94,886 - - 1,250 96,136 40,667 236.4%97,600 93,283 2,853 Food Sales - - - 8,818 8,818 2,500 352.7%6,000 486 8,332 Beverage Sales - - - 589 589 1,667 35.3%4,000 315 274 Grants - - - - - - N/A - - - Other Revenue 24,959 - - - 24,959 19,400 128.7%46,560 371 24,588 Total Operating Revenues 119,845$ 669,255$ 34,406$ 10,657$ 834,163$ 396,123$ 210.6%950,695$ 720,844$ 113,319$ OPERATING EXPENDITURES Personnel 90,898$ 3,739$ -$ -$ 94,637$ 138,524$ 68.3%332,458$ 81,590$ 13,047$ Materials & Supplies 25 220 - - 245 11,917 2.1%28,600 19,480 (19,235) Operational & Contractual 193,422 124,708 34,436 - 352,566 244,854 144.0%587,649 221,141 131,425 Other - - - - - N/A - - - Capital 87,831 - - - 87,831 2,250 3903.6%5,400 10,853 76,978 Total Operating Expenditures 372,177$ 128,667$ 34,436$ -$ 535,279$ 397,545$ 134.6%954,107$ 333,065$ 202,214$ B&T Administration Overhead Allocation*504,204$ (83,947)$ (16,633)$ (6,060)$ 397,564$ 397,564 100.0%954,154$ 273,348$ 124,216$ Operating Revenues Over (Under) Expenditures 251,872$ 456,642$ (16,662)$ 4,597$ 696,448$ 396,143$ 175.8%950,742$ 661,127$ 35,321$ INTERFUND TRANSACTIONS Reimbursement From Other Fund 16,670$ -$ -$ -$ 16,670$ 16,667$ 100.0%40,000$ 16,670$ -$ Reimbursement To General Fund (394,205) - - - (394,205) (394,203) 100.0%(946,087) (230,900) (163,305) Total Interfund Transactions (377,535)$ -$ -$ -$ (377,535)$ (377,536)$ 100.0%(906,087)$ (214,230)$ (163,305)$ Total Revenues Over (Under) Expenditures - Budgetary Basis (125,663)$ 456,642$ (16,662)$ 4,597$ 318,913$ 18,606$ 44,655$ 446,897$ (127,984)$ *Overhead allocation is comprised of salaries, business forms, liability insurance, building & grounds maintenance and bank service fees in Program 811 - Sports Core General Operations distributed to various Sports Core Programs on a percentage basis. **Estimates based on historical year-end audit adjustments. Actual amounts are not measured and recorded until the end of the year. Village of Oak Brook Monthly Operating Statement Open Fields Operations For the Period Ending May 31, 2026 5/31/26 5/31/26 5/31/26 YTD % of YTD 2026 5/31/25 Difference 815 816 YTD Amended Amended Adopted YTD Prior Polo Open Fields Total Budget Budget Budget Total Year OPERATING REVENUES Field Rentals -$ 48,667$ 48,667$ 85,000$ 57.3%204,000$ 50,944$ (2,278)$ Range Rentals - - - - N/A - - - Other Revenue - - - N/A - - - Total Operating Revenues -$ 48,667$ 48,667$ 85,000$ 57.3%204,000$ 50,944$ (2,278)$ OPERATING EXPENDITURES Personnel -$ -$ -$ -$ N/A -$ -$ -$ Materials & Supplies - - -$ 3,954 0.0%9,490 - - Operational & Contractual - 33,292 33,292$ 32,218 103.3%77,322 20,389 12,903 Capital - - -$ 83,333 0.0%200,000 - - Total Operating Expenditures -$ 33,292$ 33,292$ 119,505$ 27.9%286,812$ 20,389$ 12,903$ B&T Administration Overhead Allocation*-$ (33,788)$ (33,788)$ (33,788) 100.0%(81,090)$ (23,231)$ (10,557)$ Total Revenues Over (Under) Expenditures - Budgetary Basis -$ (18,413)$ (18,413)$ (68,293)$ 27.0%(163,902)$ 7,325$ (25,738)$ *Overhead allocation is comprised of salaries, business forms, liability insurance, building & grounds maintenance and bank service fees in Program 811 - Sports Core General Operations distributed to various Sports Core Programs on a percentage basis. **Estimates based on historical year-end audit adjustments. Actual amounts are not measured and recorded until the end of the year. Village of Oak Brook Monthly Operating Statement Bath & Tennis Clubhouse Operations For the Period Ending May 31, 2026 5/31/26 5/31/26 821 YTD % of YTD 2026 5/31/25 Difference B&T Amended Amended Adopted YTD Prior Clubhouse Budget Budget Budget Total Year OPERATING REVENUES Rentals 68,622$ 100,000$ 68.6%240,000$ 97,500$ (28,878)$ Other Revenue - - 0.0%- - - Total Operating Revenues 68,622$ 100,000$ 68.6%240,000$ 97,500$ (28,878)$ OPERATING EXPENDITURES Personnel -$ -$ N/A -$ -$ -$ Materials & Supplies 1,026 2,083 49.3%5,000 5,729 (4,703) Operational & Contractual 37,109 26,438 140.4%63,450 16,819 20,290 Capital - - N/A - - - Total Operating Expenditures 38,135$ 28,521$ 133.7%68,450$ 22,548$ 15,587$ B&T Administration Overhead Allocation*(71,180)$ (71,180) 100.0%(170,832)$ (50,373)$ (20,807)$ Operating Revenues Over (Under) Expenditures (40,693)$ 299$ -13602.3%718$ 24,579$ (65,273)$ Total Revenues Over (Under) Expenditures - Budgetary Basis (40,693)$ 299$ 718$ 24,579$ (65,273)$ *Overhead allocation is comprised of salaries, business forms, liability insurance, building & grounds maintenance and bank service fees in Program 811 - Sports Core General Operations distributed to various Sports Core Programs on a percentage basis. **Estimates based on historical year-end audit adjustments. Actual amounts are not measured and recorded until the end of the year. Village of Oak Brook Monthly Operating Statement Golf Club Programs For the Period Ending May 31, 2026 5/31/26 5/31/26 823 831 832 833 834 844 5/31/26 YTD % of YTD 2026 5/31/25 Difference Golf Golf General Golf Learning Golf Cart Golf Course Golf YTD Amended Amended Adopted YTD Prior Café Operation & Practice Operations Maintenance Surcharge Total Budget Budget Budget Total Year OPERATING REVENUES Memberships -$ 376,905$ -$ -$ -$ -$ 376,905$ 167,990$ 224.4%403,175$ 354,350$ 22,555$ Greens Fees - 441,746 - - - - 441,746 725,833 60.9%1,742,000 409,274 32,472 Pro Shop Sales - 48,477 - - - - 48,477 75,000 64.6%180,000 49,928 (1,451) Golf Lessons - - 59,775 - - - 59,775 41,667 143.5%100,000 67,965 (8,190) Driving Range Fees - - 378,617 - - - 378,617 324,583 116.6%779,000 273,028 105,589 Rentals 15,300 2,585 10,500 143,795 - - 172,180 285,196 60.4%684,470 145,123 27,057 Food Sales 11,328 - - - - - 11,328 45,729 24.8%109,750 8,877 2,451 Beverage Sales - - - - - - - - N/A 884 (884) Golf Surcharge - - - - - 58,740 58,740 104,167 56.4%250,000 52,522 6,218 Other Revenue - 21,024 - - - - 21,024 12,500 168.2%30,000 27,511 (6,487) Total Operating Revenues 26,628$ 890,736$ 448,892$ 143,795$ -$ 58,740$ 1,568,791$ 1,782,665$ 88.0%4,278,395$ 1,389,462$ 179,330$ OPERATING EXPENDITURES Personnel -$ 150,262$ 27,868$ 6,329$ 277,971$ -$ 462,430$ 618,776$ 74.7%1,485,063$ 419,478$ 42,952$ Materials & Supplies - 35,244 17,090 - 109,964 162,299 172,832 93.9%414,797 109,358 52,941 Operational & Contractual - 110,531 10,075 2,947 25,998 149,551 168,788 88.6%405,090 99,571 49,980 Other - - - - - - - N/A - - Capital - 67,882 8,500 - 49,252 165,750 291,383 284,809 102.3%683,542 358,704 (67,321) Total Operating Expenditures -$ 363,919$ 63,533$ 9,276$ 463,185$ 165,750$ 1,065,663$ 1,245,205$ 85.6%2,988,492$ 987,111$ 78,552$ Operating Revenues Over (Under) Expenditures 26,628$ 526,817$ 385,359$ 134,518$ (463,185)$ (107,010)$ 503,128$ 537,460$ 93.6%1,289,903$ 402,351$ 100,777$ B&T Administration Overhead Allocation*-$ (292,597)$ -$ -$ -$ -$ (292,597)$ (292,597) 100.0%(702,232)$ (199,745)$ (92,852)$ INTERFUND TRANSACTIONS Reimbursement To General Fund -$ -$ -$ -$ -$ -$ N/A -$ 0.0%-$ -$ Total Interfund Transactions -$ -$ -$ -$ -$ -$ N/A -$ -$ -$ -$ Total Revenues Over (Under) Expenditures - Budgetary Basis 26,628$ 234,220$ 385,359$ 134,518$ (463,185)$ (107,010)$ 210,531$ 244,863$ 587,671$ 202,606$ 7,925$ *Estimates based on historical year-end audit adjustments. Actual amounts are not measured and recorded until the end of the year.