Loading...
11 - November 2018 Monthly Financial ReportVILLAGE OAK BROOK OF MONTHLY FINANCIAL REPORTS NOVEMBER 2018 ITEM 6.G Total Cash and Cash Pooled Cash and Fund Equivalents Investments Investments % By Fund General Corporate $5,385,988 $13,261,865 $18,647,853 41.9% Hotel/Motel Tax 2,179,913 2,533,657 4,713,570 10.6% Motor Fuel Tax 583,868 179,047 762,915 1.7% Infrastructure 6,832,386 3,284,285 10,116,671 22.7% Promenade TIF 224,806 - 224,806 0.5% Water 4,822,262 1,701,299 6,523,561 14.7% Sports Core 453,311 - 453,311 1.0% Golf Surcharge 114,048 550,143 664,191 1.5% Self-Insurance 478,130 - 478,130 1.1% Garage 351,578 - 351,578 0.8% Equipment Replacement 559,067 1,008,440 1,567,507 3.5% Total $21,985,357 $22,518,736 $44,504,093 100.0% Change in Cash and Investments by Fund : Balance at Balance at Year-to-Date Year-to-Date Fund January 1, 2018 November 30, 2018 Change ($)Change (%) General Corporate $17,679,496 $18,647,853 $968,357 5.5% Hotel/Motel Tax 4,172,234 4,713,570 541,336 13.0% Motor Fuel Tax 574,460 762,915 188,455 32.8% Infrastructure 8,222,145 10,116,671 1,894,526 23.0% Promenade TIF 276,164 224,806 (51,358)-18.6% Water 5,693,109 6,523,561 830,452 14.6% Sports Core 472,473 453,311 (19,162)-4.1% Golf Surcharge 559,073 664,191 105,118 18.8% Self-Insurance 45,042 478,130 433,088 961.5% Garage 427,409 351,578 (75,831)-17.7% Equipment Replacement 1,805,752 1,567,507 (238,245)-13.2% $39,927,358 $44,504,093 $4,576,735 11.5% Book Market Value Value Pooled Checking $826,352 $826,352 Sports Core Checking 566,394 566,394 Pooled IPTIP 20,512,541 20,512,541 Water E-Pay IPTIP 80,070 80,070 $21,985,357 $21,985,357 Pooled Investments: Investments-Municipal Bonds $7,112,259 $7,004,223 Investments-Corporate Bonds 7,886,758 7,872,820 Government & Agency Obligations 697,292 660,080 Certificates of Deposit 6,720,000 6,653,457 Accrued Interest 102,427 102,427 Total Pooled Investments $22,518,736 $22,293,007 Total Cash and Investments $44,504,093 $44,278,364 For November, total interest revenue is $79,862 and YTD interest revenue is $713,975. Total investment yield for the portfolio is: Pooled Investments Illinois Funds Total Monthly yield 0.19%0.20%0.19% YTD yield 1.76%1.71%1.73% Last 12 months yield 1.89%1.81%1.85% The weighted average yield of the current pooled investment portfolio is 2.27%. Monthly Treasurer's Report November 30, 2018 Monthly Treasurer's Report November 2018 The table below lists the detail investment holdings at J.P. Morgan Securities as of 11/30/18: Month End VOB Settlement Maturity Coupon Yield Book Market Accrued Type Date Date Rate Rate Value Value Interest Municipal Bonds: Maryland St Econ Dev #57420PGK6 07/08/15 06/01/19 2.050%2.123%$99,963 $99,663 $1,023 Rosemont IL GO Corp #777543UT4 02/08/16 12/01/19 3.021%2.000%504,991 496,805 7,456 New York N Y City #64971QTX1 02/22/16 05/01/21 2.350%2.000%201,634 196,714 377 Florida Hurricane #34074GDH4 03/30/16 07/01/20 2.995%2.150%506,480 499,080 6,239 Bloomingdale Mich Pub Sch Dist #094383FS0 04/26/16 05/01/22 2.710%2.150%509,152 490,035 1,090 Milan Mich Area Achs #598801JD1 05/26/16 05/01/20 1.931%1.931%245,000 241,563 293 Indiana Bd Bk Rev Taxable #4546248F7 01/06/17 01/15/20 2.934%1.900%257,888 254,597 2,840 Garland Cnty Ark Sales & Use #36609PAN3 02/06/17 11/01/19 1.795%1.840%499,793 495,235 873 Anchor Bay Mich Sch Dist GO #032879TA6 02/13/17 05/01/19 1.810%1.420%365,594 363,697 474 Lanse Creuse Mich Pub Schs #516228RL9 05/02/17 05/01/20 2.159%2.159%100,000 98,882 178 California St GO Bonds #13063A7G3 05/08/17 10/01/19 6.200%1.600%519,041 513,895 4,885 *Genesee Cnty Mich #371608UV0 05/31/17 10/01/19 2.681%2.681%214,000 214,024 521 Connecticut St GO Bds 2016 #20772J3F7 06/15/17 08/15/21 1.750%2.300%492,820 478,905 2,523 North Carolina Eastn Mun Pwr #65819WAL7 10/02/17 07/01/19 2.578%1.700%502,557 499,065 5,228 Fowlerville Mich Comnty Schs #351280MS8 10/03/17 05/01/20 2.045%1.750%502,066 494,035 682 Racine Cnty WI #749845UK7 12/20/17 12/01/20 2.150%2.150%750,000 733,148 8,063 Wisconsin St Gen Fd Annual #977100CW4 01/05/18 05/01/20 1.446%2.100%594,516 588,246 626 Illinois St G/O #452152HU8 04/03/18 03/01/19 5.877%3.000%246,764 246,634 3,480 Total Municipal Bonds $7,112,259 $7,004,223 $46,851 Corporate Bonds: Wells Fargo #94974BFQ8 04/25/18 01/15/19 2.150%2.330%$1,389,671 $1,388,874 $11,207 Huntington National Bank #446438RG0 07/06/18 04/01/19 2.200%2.541%699,198 698,355 2,524 Bank of America #06051GFD6 07/06/18 04/01/19 2.650%2.509%750,353 748,898 2,871 KeyBank #49327M2N3 07/19/18 03/08/19 2.350%2.490%844,673 843,682 4,523 Bank of America #06051GFD6 07/30/18 04/01/19 2.650%2.420%245,181 244,640 1,082 Morgan Stanley #61746BDM5 08/03/18 01/24/19 2.500%2.430%1,000,096 999,030 8,680 Goldman Sachs #38141GVP9 09/26/18 09/15/20 2.750%3.180%496,285 491,485 2,865 Fifth Third #31677QBH1 10/11/18 09/27/19 1.625%2.750%990,924 987,770 2,889 JP Morgan #46640QUV1 11/01/18 07/29/19 0.000%3.017%1,470,377 1,470,086 0 Total Corporate Bonds $7,886,758 $7,872,820 $36,641 Government & Agency Obligations: **Government National Mtg Assn #38379UEM4 02/29/16 02/16/51 2.300%2.245%$697,292 $660,080 $2,068 Total Government & Agency Obligations:$697,292 $660,080 $2,068 Certificates of Deposit: State Bk India NY #8562846A7 01/26/17 01/26/22 2.250%2.250%$245,000 $237,400 $1,937 Marlin Business Bk #57116ANU8 05/10/17 11/12/19 1.600%1.600%245,000 242,442 213 American Express Fed Svgs #02587CER7 05/10/17 11/12/19 1.700%1.700%245,000 242,675 226 Synchrony Bank #87164WRA8 05/26/17 05/28/19 1.650%1.650%245,000 244,071 17 Umpqua Bank #90421MAG8 05/31/17 05/31/19 1.600%1.600%245,000 243,991 6 Stone Bk Mtn View Ark #86158RAJ8 06/28/17 06/28/19 1.600%1.600%245,000 243,797 12 TIAA FSB Jacksonville #87270LAA1 07/19/17 07/19/19 1.600%1.600%245,000 243,638 1,437 Peoples United Bank #71270QQZ2 07/19/17 07/19/19 1.650%1.650%245,000 243,714 1,482 Priority Bank Ozark Ark #74269KBR6 07/26/17 07/26/19 1.600%1.600%245,000 243,584 40 American Express Centurion #02587DV96 08/15/17 08/17/20 1.900%1.900%245,000 240,036 1,358 Sallie Mae #795450C86 08/16/17 08/17/20 1.900%1.900%245,000 240,468 1,358 Merrick Bank South Jordan #59013JZS1 08/21/17 08/21/20 1.800%1.800%245,000 240,004 113 Pinnacle Bank #72345SFS5 08/30/17 08/31/20 1.800%1.800%115,000 112,600 1 Jackson County Bank #466682AP6 08/31/17 03/01/21 1.850%1.850%245,000 238,113 1,133 Barclays Bank #06740KKX4 09/27/17 09/28/20 1.950%1.950%245,000 240,235 836 Capital One Bank #1404205E6 10/04/17 10/04/19 1.700%1.700%245,000 243,123 648 Transportation Alliance #89388CCB2 10/13/17 04/12/19 1.600%1.600%235,000 234,333 172 Goldman Sachs Bank #38148PRK5 10/18/17 10/19/20 1.950%1.950%245,000 239,987 557 FirstBank PR Santurce #33767A6M8 11/03/17 11/03/20 2.000%2.000%245,000 240,034 354 Morgan Stanley #61747MQ53 03/22/18 03/23/20 2.550%2.550%245,000 243,996 1,154 Investors Community Bank #46147UTT7 08/28/18 02/28/20 2.550%2.550%245,000 244,113 22 Lakeside Bank #51210SPS0 08/30/18 03/30/20 2.550%2.550%245,000 243,956 5 Bank United #066519GJ2 08/31/18 02/20/20 2.500%2.500%245,000 243,956 1,531 Compass Bank #20451PVW3 10/26/18 10/26/20 3.000%3.000%245,000 244,642 694 UBS Bank #90348JFH8 10/30/18 10/29/20 3.050%3.050%245,000 244,853 9 Citibank #17294XJP2 10/31/18 10/31/20 3.000%3.000%245,000 244,544 633 Discover Bank #254673WF9 11/07/18 11/09/20 3.000%3.000%245,000 244,576 470 Ally Bank #02007GFX6 11/08/18 11/09/20 3.000%3.000%245,000 244,576 449 Total Certificates of Deposits $6,720,000 $6,653,457 $16,867 Total J.P.Morgan Securities $22,416,309 $22,190,580 $102,427 *Interest rate is a floating rate that sets each month. Rate is determined at the one-month LIBOR rate plus 0.60%. **This is a mortgage backed security that receives principal payments each month based on mortgage repayments. Monthly principal payments will vary and the investment balance may be repaid before the 2/16/2051 maturity date. VILLAGE OF OAK BROOK Monthly Treasurer's Report November 30, 2018 Cash & Investments by Fund - Total $44.5 million Cash & Investments by Type - Total $44.0 million Checking Illinois Funds Certificates of Deposit Municipal Bonds Corporate Bonds Government & Agency Obligations Accrued Interest General Corporate 41.90% Hotel/Motel Tax 10.59%Motor Fuel Tax 1.71% Infrastructure 22.73% Promenade TIF 0.51% Water 14.66% Sports Core 1.02% Golf Surcharge 1.49% Self-Insurance 1.07%Garage 0.79% Equipment Replacement 3.52% Checking, $1.4 Illinois Funds, $20.6 Certificates of Deposit, $6.7 Municipal Bonds, $7.1 Corporate Bonds, $7.9 Government & Agency Obligations, $0.7 Accrued Interest, $0.1 in millions Village of Oak Brook Monthly Financial Report – Fund Narrative For the Period Ending November 30, 2018 The monthly financial report serves as a document to inform and update readers of the Village’s financial current position, including historical and trend information. This report is prepared on a cash basis of accounting, meaning transactions are recognized only when cash is increased or decreased. Transactions for each month are compared to amounts from the Village’s annual budget, which was also prepared using a cash basis. The proceeding pages contain detailed information on the Village’s major funds. Highlights for each of the Village’s funds are: General Fund  Total revenues through November 2018 are $1,508,584 higher than last year and $2,307,645 over budget. o Sales tax revenue, the General Fund’s largest revenue source, is down $125,542 from last year and $79,065 under budget. This is due to the closure of two large taxpayers in late 2017. o Other intergovernmental tax revenue is down $60,054 from last year, but $123,848 over budget. Revenue is down from last year due to extra one-time Income Tax payments from the State in 2017. Revenue from Income Tax, Replacement Tax, and Use Tax has been higher than budgeted in 2018, despite a 10% reduction in Income Tax receipts by the State. This reduction was changed from 10% to 5% midway through 2018. o Telecommunications/utility tax revenue is up $102,757 from last year and $300,951 over budget. Revenue is over budget due to a planned reduction of 5% in telecommunications tax revenue from business closures that has not occurred to date. o Licenses and permits revenue is up $1,007,563 from last year and $1,415,183 over budget. The increase is due to the receipt large building permits that have occurred to date, including KidZania, Carvana, and LifeTime Fitness.  Total expenditures through November 2018 are $2,258,688 higher than last year, but $1,801,632 under budget. o Personnel expenditures are up $1,021,315 from last year, but $796,242 under budget. The increase is due to general wage and benefits increases. Personnel is under budget due to a delay in full pension funding that will occur later in 2018. o Operation and contract expenditures are down $279,732 from last year and $646,824 under budget. This is due to a reduction in liability insurance payments in 2018 and the general timing of payments compared to when they were projected to occur. o Capital outlay expenditures are up $1,764,408 from last year, but $39,616 under budget. The increase is due to the Police Department expansion project in 2018. Hotel Tax Fund  Total revenues through November 2018 are $34,113 higher than last year and $38,881 over budget. o Hotel tax revenue is up $43,477 from last year, but $13,246 under budget. The increase is due to an additional hotel in 2018 as Hyatt House opened in late 2017. Revenue is under budget due to the timing of receipts received. o Interest income revenue is up $29,531 from last year and $46,927 over budget. This is due to favorable market conditions and rising interest rates.  Total expenditures through November 2018 are $866,850 lower than last year and $770,973 under budget. o Operation and contract expenditures are up $73,421 from last year, but $137,291 under budget. Expenditures are down due to the timing of advertising expenditures paid. Payments are still to come later in FY2018 as originally budgeted. o Capital Outlay expenditures are down $945,903 from last year and $633,677 under budget. This is due to the timing of projects scheduled. Motor Fuel Tax Fund  Total revenues through November 2018 are up $1,930 from last year and $3,584 over budget. Motor Fuel Tax receipts are slightly under budget, but are offset by increases in interest income.  Total expenditures through November 2018 are down $381,814 from last year and $492,210 under budget. This is due to the timing of the transfer of funds to the Infrastructure Fund to pay for roadway improvements. Infrastructure Fund  Total revenues through November 2018 are down $23,352 from last year, but $139,496 over budget. o Non-home rule sales tax revenue is down $107,384 from last year, but $18,838 over budget. This is primarily due to the State’s implementation of a 2% collection fee and the closure of two large taxpayers. The collection fee decreased to 1.5% effective July 2018. o Interest income revenue is up $90,190 from last year and $122,504 over budget. This is due to favorable market conditions and rising interest rates.  Total expenditures through November 2018 are up $422,389 from last year, but $4,479,547 under budget. o Personnel expenditures are up $49,422 from last year, but $144,091 under budget. Personnel is under budget due to employee turnover. o Operation and contract expenditures are down $273,828 from last year and $261,671 under budget. The reduction is due to a decrease in liability insurance premiums from last year. Expenditures are under budget due to the timing of engineering payments. o Capital outlay expenditures are up $616,283 from last year, but $4,014,464 under budget. This is due to the timing of roadway improvement projects. Promenade TIF Fund  Total revenues through November 2018 are down $9,596 from last year and $11,490 under budget. This is due to a decrease in real estate tax revenue from last year.  Total expenditures through November 2018 are up $35,060 from last year and $29,488 over budget. The increase relates to additional principal paid towards the TIF note. Water Fund  Total revenues through November 2018 are up $22,056 from last year, but $44,886 under budget. o Water sales revenue is up $49,210 from last year, but $218,843 under budget. The increase from last year is due to a 7% rate increase effective 1/1/18. Water gallons sold has also been slightly less than projected so far this year.  Total expenditures through November 2018 are up $1,725,269 from last year, but $2,175,314 under budget. o Operation and contract expenditures are down $146,027 from last year and $1,543,701 under budget. Expenditures are under budget due to the timing of invoices paid and DuPage Water Commission water purchased being less than expected. o Capital outlay expenditures are up $1,902,292 from last year, but $542,652 under budget. The increase relates to the start of the Village-wide water meter replacement project. Sports Core Fund  Total revenues through November 2018 are down $146,966 from last year and $136,304 under budget. o Memberships are up $19,521 from last year and $19,899 over budget. Memberships from both B&T and Golf are up in 2018 compared to last year. o Greens Fees are down $60,807 from last year and $97,793 under budget. Rounds played are down in 2018 due to unfavorable weather conditions. o Rentals are up $39,605 from last year, but $47,006 under budget. The increase is due to the reclassification of driving range rental fees and the timing of fees received. Fees are under budget due to lower golf cart rentals in 2018. o Program/User Fees are down $117,276 from last year and $49,803 under budget. This is due to the Village contracting the Park District to run swim lessons and programs in 2018.  Total expenditures through November 2018 are up $182,294 from last year, but $356,078 under budget. o Personnel expenditures are up $31,208 from last year and $41,074 over budget. This is due to a combination of: an increase in the tennis program, the B&T grill being run in- house rather than outsourced, and increased staff time for golf course maintenance. o Materials & Supplies expenditures are down $8,535 from last year and $49,841 under budget. This is due to the timing of golf course maintenance supplies purchases. o Operation and Contractual expenditures are up $47,083 from last year and $108,138 over budget. This is due to the outsourcing of swim operations to the Park District. o Capital outlay expenditures are up $54,915 from last year, but $379,957 under budget. Expenses are under budget due to the general timing of projects or the cancellation of budgeted projects. Golf Surcharge Fund  Total revenues through October 2018 are down $8,459 from last year and $7,044 under budget. This is due to less rounds played in 2018 compared to last year. Interest income revenue has helped make up the reduction in golf surcharge revenue in 2018.  A total of $11,039 through November 2018 has been transferred to the Sports Core Fund to pay for the golf course patio renovation project. Self Insurance Fund  Total revenues through November 2018 are up $52,968 from last year, but $44,912 under budget. This is due retirees moving to a new insurance plan in FY18 with some not continuing on the Village’s plan.  Total expenditures through November 2018 are down $446,652 from last year and $441,957 under budget. This is due to the timing of invoices paid and health claims coming in lower than projected. Garage Fund  Total revenues through November 2018 are down $118,504 from last year, but $5,668 over budget. This is due to a budgeted reduction in maintenance charges to use available net position reserves.  Total expenditures through November 2018 are down $30,800 from last year and $115,191 under budget. This is due to the delay in hiring a vacant position and a general decrease in maintenance costs. Equipment Replacement Fund  Total revenues through November 2018 are down $338,825 from last year, but $42,494 over budget. This is due to grant revenue received for equipment purchases last year and a reduction in replacement charges to use available net position. Interest income and vehicle sale proceeds have been better than expected so far in 2018.  Total expenditures through November 2018 are up $622,654 from last year, but $23,090 under budget. This is due to the timing of scheduled vehicle replacements being ordered and received. YTD YTD Net Fund Budgeted YTD YTD Increase Increase Governmental Funds Revenues Expenditures (Decrease)(Decrease) General Fund (Major Fund)24,003,386 $22,630,486 $1,372,900 ($183,933) Main operating fund of the Village. Hotel Fund (Major Fund)$1,291,381 $557,057 $734,324 ($75,530) Collects and spends resources from the 3% hotel/motel tax. Motor Fuel Tax Fund $196,244 $7,790 $188,454 ($307,340) Collects and spends resources from the State motor fuel tax. Infrastructure Fund (Major Fund)$5,453,645 $3,501,668 $1,951,977 ($2,174,850) Accounts for construction and maintenance of roadways, drainage, and safety path systems. Promenade TIF Fund (Major Fund)$442,040 $493,398 ($51,358)($10,380) Accounts for the revenues and expenditures restricted to the Tax Increment Financing (TIF) district located at 22nd St. and Meyers Rd. Enterprise Funds Water Fund (Major Fund)$9,547,754 $7,752,236 $1,795,518 ($334,910) Collects user fees for the distribution of water and maintenance of infrastructure. Sports Core Fund (Major Fund)$3,275,532 $3,224,692 $50,840 $105,505 Accounts for revenues and expenses relating to administration, programs, food and beverage operations, and golf course. Golf Surcharge Fund $116,156 $11,039 $105,117 ($162,300) Accounts for the collection of the $3 per round golf surcharge. Internal Service Funds Self Insurance Fund $2,934,603 $2,599,968 $334,635 ($62,410) Accounts for the Village's health insurance costs and the related contributions from the Village, employees, retirees, and other agencies. Garage Fund $567,323 $615,789 ($48,466)($169,325) Accounts for the maintenance of the Village's vehicle fleet and the related departmental reimbursements. Equipment Replacement Fund $411,839 $585,560 ($173,721)($239,305) Accounts for the replacement of the Village's vehicle fleet and the related departmental contributions. Further information on the Village's major funds (as indicated above) can be found on the proceeding pages. Executive Summary on Village Funds Through November 30, 2018 11/30/18 11/30/18 11/30/17 11/30/18 YTD % of 2018 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Sales Tax 11,460,477$ 11,334,935$ 11,414,000$ 99.3%12,453,000$ (125,542)$ Other Intergovernmental Tax 1,267,802 1,207,748 1,083,900 111.4%1,144,700 (60,054) Telecommunications/Utility Tax 5,505,114 5,607,871 5,306,920 105.7%5,792,250 102,757 Licenses and Permits 2,110,500 3,118,063 1,702,880 183.1%1,784,070 1,007,563 Charges for Services 861,109 1,099,387 888,240 123.8%1,017,100 238,278 Fines and Penalties 130,277 166,860 137,940 121.0%150,500 36,583 Administrative Towing Fees 38,415 28,475 32,080 88.8%35,000 (9,940) Interest on Investments 209,901 322,243 178,750 180.3%195,000 112,342 Franchise/IMF Maint. Fee 162,548 163,465 215,000 76.0%215,000 917 Miscellaneous Income 172,028 377,708 159,400 237.0%180,750 205,680 Total Operating Revenues 21,918,171$ 23,426,755$ 21,119,110$ 110.9%22,967,370$ 1,508,584$ OPERATING EXPENDITURES Personnel 14,745,078$ 15,766,393$ 16,562,635$ 95.2%17,953,350$ 1,021,315$ Materials and Supplies 402,166 436,036 503,355 86.6%532,820 33,870 Operation and Contract 3,682,463 3,402,731 4,049,555 84.0%4,278,675 (279,732) Other Expenditures 407,412 126,239 377,870 33.4%388,815 (281,173) Capital Outlay 1,134,679 2,899,087 2,938,703 98.7%2,997,840 1,764,408 Total Operating Expenditures 20,371,798$ 22,630,486$ 24,432,118$ 92.6%26,151,500$ 2,258,688$ SURPLUS (DEFICIT) OF REVENUES OVER EXPENDITURES 1,546,373$ 796,269$ (3,313,008)$ (3,184,130)$ (750,104)$ OTHER TRANSACTIONS Reimbursements From Other Funds 565,862$ 576,631$ 653,910$ 88.2%713,360$ 10,769$ Installment Contract Proceeds - - 2,475,165 0.0%2,475,165 - Total Interfund Transactions 565,862$ 576,631$ 3,129,075$ 0.0%3,188,525$ 10,769$ NET FUND INCREASE (DECREASE)2,112,235$ 1,372,900$ (183,933)$ 4,395$ (739,335)$ Village of Oak Brook General Fund Financial Update For the Period Ending November 30, 2018 Total Total Revenues Expenditures 11/30/18 Actual 23,426,755$ 22,630,486$ 11/30/17 Actual 21,918,171$ 20,371,798$ % Change From Last Year 6.9%11.1% Major Revenues Other Intergov.Licenses &Charges for Sales Tax Tax Telecom Tax Permits Services 11/30/18 Actual 11,334,935$ 1,207,748$ 5,607,871$ 3,118,063$ 1,099,387$ 11/30/17 Actual $ 11,460,477 $ 1,267,802 $ 5,505,114 $ 2,110,500 $ 861,109 % Change From Last Year -1.1%-4.7%1.9%47.7%27.7% Five Year Trend Major Expenditures Materials &Operation &Other Personnel Supplies Contractual Expenditures Capital Outlay 11/30/18 Actual 15,766,393$ 436,036$ 3,402,731$ 126,239$ 2,899,087$ 11/30/17 Actual 14,745,078$ 402,166$ 3,682,463$ 407,412$ 1,134,679$ % Change From Last Year 6.9%8.4%-7.6%-69.0%155.5% Five Year Trend Expenditures by Department 11/30/17 11/30/18 11/30/18 11/30/18 2018 Difference Five YTD YTD YTD % of Annual Prior Year Department Actual Actual Budget Budget Budget Year Trend Legislative & General Management 2,356,639$ 2,098,138$ 2,489,920$ 84.3%2,673,305$ (258,501)$ Financial Services 1,029,734 769,539 1,052,725 73.1%1,117,875 (260,195) Public Works 589,225 632,169 946,150 66.8%993,820 42,944 Engineering & Capital Projects 804,566 2,713,198 2,617,298 103.7%2,732,665 1,908,632 Library 819,747 811,361 824,365 98.4%889,845 (8,386) Police 7,441,091 7,778,552 8,073,090 96.4%8,705,350 337,461 Fire 6,435,345 6,974,087 7,504,625 92.9%8,043,215 538,742 Development Services 895,451 853,442 923,945 92.4%995,425 (42,009) Total Expenditures 20,371,798$ 22,630,486$ 24,432,118$ 92.6%26,151,500$ 2,258,688$ Five Year Trend For the Period Ending November 30, 2018 General Fund - Five Year Trend Village of Oak Brook Revenues Expenditures 11/30/18 11/30/18 11/30/17 11/30/18 YTD % of 2018 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Hotel Tax 1,168,277$ 1,211,754$ 1,225,000$ 98.9%1,340,000$ 43,477$ Interest 44,896 74,427 27,500 270.6%30,000 29,531 Miscellaneous 44,095 5,200 - N/A - (38,895) Total Operating Revenues 1,257,268$ 1,291,381$ 1,252,500$ 103.1%1,370,000$ 34,113$ EXPENDITURES Operation and Contract 386,068$ 459,489$ 596,780$ 77.0%646,515$ 73,421$ Other Expenditures 85,613 91,245 91,250 100.0%99,550 5,632 Capital Outlay 952,226 6,323 640,000 1.0%640,000 (945,903) Total Expenditures 1,423,907$ 557,057$ 1,328,030$ 41.9%1,386,065$ (866,850)$ NET FUND INCREASE (DECREASE)(166,639)$ 734,324$ (75,530)$ (16,065)$ 900,963$ Note - Expenditures are recorded in program 171. Village of Oak Brook Hotel Tax Fund Financial Update For the Period Ending November 30, 2018 Total Total Revenues Expenditures 11/30/18 Actual $ 1,291,381 557,057$ 11/30/17 Actual $ 1,257,268 1,423,907$ % Change From Last Year 2.7%-60.9% Major Revenues Grants Hotel Tax Interest Miscellaneous 11/30/18 Actual $ - $ 1,211,754 $ 74,427 $ 5,200 11/30/17 Actual $ - $ 1,168,277 $ 44,896 $ 44,095 % Change From Last Year 0.0%3.7%65.8%-88.2% Five Year Trend Major Expenditures Operation &Other Contractual Expenditures Capital Outlay 11/30/18 Actual 459,489$ 91,245$ 6,323$ 11/30/17 Actual 386,068$ 85,613$ 952,226$ % Change From Last Year 19.0%6.6%-99.3% Five Year Trend Village of Oak Brook Hotel Tax Fund - Major Sources Five Year Trend For the Period Ending November 30, 2018 Five Year Trend Revenues Expenditures 11/30/18 11/30/18 11/30/17 11/30/18 YTD % of 2018 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Sales Tax 5,223,472$ 5,116,088$ 5,097,250$ 100.4%5,563,000$ (107,384)$ Grants 3,142 - - 0.0%- (3,142) Interest 70,814 161,004 38,500 418.2%42,000 90,190 Miscellaneous 5,745 2,729 4,575 59.7%5,000 (3,016) Total Operating Revenues 5,303,173$ 5,279,821$ 5,140,325$ 102.7%5,610,000$ (23,352)$ OPERATING EXPENDITURES Personnel 1,049,797$ 1,099,219$ 1,243,310$ 88.4%1,365,445$ 49,422$ Materials and Supplies 87,050 115,395 174,715 66.0%182,955 28,345 Operation and Contract 1,397,177 1,123,349 1,385,020 81.1%1,484,755 (273,828) Other Expenditures 148,962 151,129 151,130 100.0%164,865 2,167 Capital Outlay 396,293 1,012,576 5,027,040 20.1%5,625,620 616,283 Total Operating Expenditures 3,079,279$ 3,501,668$ 7,981,215$ 43.9%8,823,640$ 422,389$ SURPLUS (DEFICIT) OF REVENUES OVER EXPENDITURES 2,223,894$ 1,778,153$ (2,840,890)$ -62.6%(3,213,640)$ (445,741)$ INTERFUND TRANSACTIONS Transfers In 389,604$ 7,790$ 500,000$ 1.6%500,000$ (381,814)$ Reimbursements From Other Funds 161,920 166,034 166,040 100.0%181,130 4,114 Total Interfund Transactions 551,524$ 173,824$ 666,040$ 26.1%681,130$ (377,700)$ NET FUND INCREASE (DECREASE)2,775,418$ 1,951,977$ (2,174,850)$ (2,532,510)$ (823,441)$ Village of Oak Brook Infrastructure Fund Financial Update For the Period Ending November 30, 2018 Total Total Revenues Expenditures 11/30/18 Actual $ 5,279,821 3,501,668$ 11/30/17 Actual $ 5,303,173 3,079,279$ % Change From Last Year -0.4%13.7% Major Revenues Sales Tax Grants Interest Miscellaneous Reimbursements 11/30/18 Actual $ 5,116,088 $ - $ 161,004 $ 2,729 $ 166,034 11/30/17 Actual $ 5,223,472 $ 3,142 $ 70,814 $ 5,745 $ 161,920 % Change From Last Year -2.1%-100.0%127.4%-52.5%2.5% Five Year Trend Major Expenditures Materials &Operation &Other Personnel Supplies Contractual Expenditures Capital Outlay 11/30/18 Actual 1,099,219$ 115,395$ 1,123,349$ 151,129$ 1,012,576$ 11/30/17 Actual 1,049,797$ 87,050$ 1,397,177$ 148,962$ 396,293$ % Change From Last Year 4.7%32.6%-19.6%1.5%155.5% Five Year Trend Expenditures by Department 11/30/17 11/30/18 11/30/18 11/30/18 2018 Difference Five YTD YTD YTD % of Annual Prior Year Actual Actual Budget Budget Budget Year Trend Legislative & General Management 153,311$ 144,231$ 164,915$ 87.5%178,530$ (9,080)$ Public Works 2,102,070 1,939,100 2,408,640 80.5%2,592,335 (162,970) Engineering & Capital Projects 823,898 1,418,337 5,407,660 26.2%6,052,775 594,439 Total Expenditures 3,079,279$ 3,501,668$ 7,981,215$ 43.9%8,823,640$ 422,389$ Five Year Trend Village of Oak Brook Infrastructure Fund - Major Sources Five Year Trend For the Period Ending November 30, 2018 Revenues Expenditures 11/30/18 11/30/18 11/30/17 11/30/18 YTD % of 2018 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Sales Tax 65,941$ 67,242$ 68,300$ 98.5%102,500$ 1,301$ Real Estate Tax 385,018 373,267 385,000 97.0%385,000 (11,751) Interest 677 1,531 230 665.7%250 854 Total Operating Revenues 451,636$ 442,040$ 453,530$ 97.5%487,750$ (9,596)$ EXPENDITURES Operation and Contract 3,958$ 3,578$ 4,090$ 87.5%4,090$ (380)$ Other Expenditures 454,380 489,820 459,820 106.5%459,820 35,440 Total Expenditures 458,338$ 493,398$ 463,910$ 106.4%463,910$ 35,060$ NET FUND INCREASE (DECREASE)(6,702)$ (51,358)$ (10,380)$ 23,840$ (44,656)$ Note - Expenditures are recorded in program 283. Village of Oak Brook Promenade TIF Fund Financial Update For the Period Ending November 30, 2018 Total Total Revenues Expenditures 11/30/18 Actual $ 442,040 493,398$ 11/30/17 Actual $ 451,636 458,338$ % Change From Last Year -2.1%7.6% Major Revenues Real Estate Sales Tax Tax Interest 11/30/18 Actual $ 67,242 $ 373,267 $ 1,531 11/30/17 Actual $ 65,941 $ 385,018 $ 677 % Change From Last Year 2.0%-3.1%126.1% Five Year Trend Major Expenditures Operation &Other Contractual Expenditures 11/30/18 Actual 3,578$ 489,820$ 11/30/17 Actual 3,958$ 454,380$ % Change From Last Year -9.6%7.8% Five Year Trend Village of Oak Brook Promenade TIF Fund - Major Sources Five Year Trend For the Period Ending November 30, 2018 Five Year Trend Revenues Expenditures 11/30/18 11/30/18 11/30/17 11/30/18 YTD % of 2018 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Grants 3,386$ -$ -$ 0.0%-$ (3,386)$ Plan Review Fees 2,089 825 1,825 45.2%2,000 (1,264) Building/Inspection Fees 11,614 7,838 4,580 171.1%5,000 (3,776) Water Sales 9,132,372 9,181,582 9,400,425 97.7%9,730,425 49,210 Unmetered Sales 47,413 36,462 27,500 132.6%30,000 (10,951) Water Connection Fees 182,850 112,054 45,800 244.7%50,000 (70,796) Fire Service Charge - - 4,580 0.0%5,000 - Meter Charges 21,112 10,235 22,925 44.6%25,000 (10,877) Special Services 15,286 32,218 30,000 107.4%30,000 16,932 Interest on Investments 36,493 92,947 9,175 1013.0%10,000 56,454 Miscellaneous 73,083 73,593 45,830 160.6%50,000 510 Total Operating Revenues 9,525,698$ 9,547,754$ 9,592,640$ 99.5%9,937,425$ 22,056$ EXPENDITURES Personnel 714,804$ 675,017$ 753,915$ 89.5%817,490$ (39,787)$ Materials and Supplies 55,904 61,428 71,485 85.9%76,860 5,524 Operation and Contract 4,820,381 4,674,354 6,218,055 75.2%6,780,015 (146,027) Other Expenditures 368,137 371,404 371,410 100.0%405,170 3,267 Capital Outlay 67,741 1,970,033 2,512,685 78.4%2,710,220 1,902,292 Total Expenditures 6,026,967$ 7,752,236$ 9,927,550$ 78.1%10,789,755$ 1,725,269$ NET FUND INCREASE (DECREASE)3,498,731$ 1,795,518$ (334,910)$ (852,330)$ (1,703,213)$ Village of Oak Brook Water Fund Financial Update For the Period Ending November 30, 2018 Total Total Revenues Expenditures 11/30/18 Actual $ 9,547,754 7,752,236$ 11/30/17 Actual $ 9,525,698 6,026,967$ % Change From Last Year 0.2%28.6% Unmetered Water Water Sales Sales Connection Fees Meter Charges Miscellaneous 11/30/18 Actual $ 9,181,582 $ 36,462 $ 112,054 $ 10,235 $ 73,593 11/30/17 Actual $ 9,132,372 $ 47,413 $ 182,850 $ 21,112 $ 73,083 % Change From Last Year 0.5%-23.1%-38.7%-51.5%0.7% Five Year Trend Materials &Operation &Other Personnel Supplies Contractual Expenditures Capital Outlay 11/30/18 Actual 675,017$ 61,428$ 4,674,354$ 371,404$ 1,970,033$ 11/30/17 Actual 714,804$ 55,904$ 4,820,381$ 368,137$ 67,741$ % Change From Last Year -5.6%9.9%-3.0%0.9%2808.2% Five Year Trend Expenditures by Department 11/30/17 11/30/18 11/30/18 11/30/18 2018 Difference Five YTD YTD YTD % of Annual Prior Year Actual Actual Budget Budget Budget Year Trend Public Works 5,948,572$ 5,738,892$ 7,464,450$ 76.9%8,124,535$ (209,680)$ Engineering & Capital Projects 78,395 2,013,344 2,463,100 81.7%2,665,220 1,934,949 Total Expenditures 6,026,967$ 7,752,236$ 9,927,550$ 78.1%10,789,755$ 1,725,269$ Five Year Trend Village of Oak Brook Water Fund - Major Sources Five Year Trend For the Period Ending November 30, 2018 Revenues Expenditures Village of Oak Brook Monthly Operating Statement Sports Core Fund Consolidated Presentation For the Period Ending November 30, 2018 11/30/18 11/30/18 11/30/18 YTD % of 2018 11/30/17 Difference B&T Recreation Food &Golf YTD Amended Amended Adopted YTD Prior Programs Beverage Club Total Budget Budget Budget Total Year DIRECT REVENUES Memberships 229,374$ -$ 205,300$ 434,674$ 414,775$ 104.8%414,875$ 415,153$ 19,521$ Greens Fees - - 877,007 877,007 974,800 90.0%975,000 937,814 (60,807) Pro Shop Sales - - 184,012 184,012 199,315 92.3%200,000 175,595 8,417 Golf Lessons - - 36,705 36,705 40,000 91.8%40,000 43,359 (6,654) Driving Range Fees - - 216,724 216,724 235,000 92.2%235,000 236,240 (19,516) Rentals - - 401,969 401,969 448,975 89.5%451,000 362,364 39,605 Programs/User Fees 250,897 - - 250,897 300,700 83.4%300,700 368,173 (117,276) Food Sales - 157,331 - 157,331 145,500 108.1%145,500 176,908 (19,577) Beverage Sales - 229,166 - 229,166 234,815 97.6%236,000 267,271 (38,105) Other Revenue 188,315 251,679 6,677 446,671 377,580 118.3%380,650 399,245 47,426 Total Direct Revenues 668,586$ 638,176$ 1,928,394$ 3,235,156$ 3,371,460$ 96.0%3,378,725$ 3,382,122$ (146,966)$ DIRECT EXPENDITURES Personnel 150,297$ 242,643$ 1,070,034$ 1,462,974$ 1,421,900$ 102.9%1,497,200$ 1,431,766$ 31,208$ Materials & Supplies 19,334 180,372 363,863 563,569 613,410 91.9%615,885 572,104 (8,535) Operational & Contractual 698,972 125,011 231,540 1,055,523 947,385 111.4%961,510 1,008,440 47,083 Other - - (128,577) (128,577) (53,085) 242.2%(44,275) (186,200) 57,623 Capital 91,588 11,988 167,627 271,203 651,160 41.6%365,660 216,288 54,915 Total Direct Expenditures 960,191$ 560,014$ 1,704,487$ 3,224,692$ 3,580,770$ 90.1%3,395,980$ 3,042,398$ 182,294$ Direct Revenues Over (Under) Expenditures (291,605)$ 78,162$ 223,907$ 10,464$ (209,310)$ -5.0%(17,255)$ 339,724$ (329,260)$ B&T Administration Overhead Allocation*117,450$ (117,450)$ -$ -$ -$ 0.0%-$ -$ -$ Operating Revenues Over (Under) Expenditures (174,155)$ (39,288)$ 223,907$ 10,464$ (209,310)$ -5.0%(17,255)$ 339,724$ (329,260)$ Interfund Loan**-$ -$ -$ -$ -$ 0.0%-$ -$ -$ Transfer From General Fund - - - - - 0.0%- - - Transfer From Golf Surcharge Fund - - 11,039 11,039 285,500 3.9%- - 11,039 Reimbursement From Infrastructure Fund 22,000 - - 22,000 22,000 100.0%24,000 22,000 - Reimbursement From Water Fund 7,337 - - 7,337 7,315 100.3%8,000 7,337 - Adjusted Operating Revenues Over (Under) Expenditures (144,818)$ (39,288)$ 234,946$ 50,840$ 105,505$ 14,745$ 369,061$ (318,221)$ *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. **Interfund loan is from the General Fund. This will be repaid as the season begins. Total Direct Total Direct Revenues Expenditures 11/30/18 Actual $ 3,235,156 3,224,692$ 11/30/17 Actual $ 3,382,122 3,042,398$ % Change From Last Year -4.3%6.0% Driving Program/ Memberships Greens Fees Range Fees Rentals User Fees 11/30/18 Actual $ 434,674 $ 877,007 $ 216,724 $ 401,969 $ 250,897 11/30/17 Actual $ 415,153 $ 937,814 $ 236,240 $ 362,364 $ 368,173 % Change From Last Year 4.7%-6.5%-8.3%10.9%-31.9% Five Year Trend Materials &Operation &Other Personnel Supplies Contractual Expenditures Capital Outlay 11/30/18 Actual 1,462,974$ 563,569$ 1,055,523$ (128,577)$ 271,203$ 11/30/17 Actual 1,431,766$ 572,104$ 1,008,440$ (186,200)$ 216,288$ % Change From Last Year 2.2%-1.5%4.7%-30.9%25.4% Five Year Trend Revenues by Department 11/30/17 11/30/18 11/30/18 11/30/18 2018 Difference Five YTD YTD YTD % of Annual Prior Year Actual Actual Budget Budget Budget Year Trend B&T Recreation Programs 784,588$ 668,586$ 646,495$ 103.4%712,075$ (116,002)$ Food & Beverage 632,442 638,176 127,800 499.4%569,000 8,134 Golf Club 1,965,092 1,928,394 567,997 339.5%2,097,650 (36,698) Total Revenues 3,382,122$ 3,235,156$ 1,342,292$ 241.0%3,378,725$ (144,566)$ Expenditures by Department 11/30/17 11/30/18 11/30/18 % of 2018 Difference Five YTD YTD YTD % of Annual Prior Year Actual Actual Budget Budget Budget Year Trend B&T Recreation Programs 926,838$ 960,191$ 344,363$ 278.8%1,058,430$ 33,353$ Food & Beverage 619,721 560,014 281,968 198.6%514,980 (59,707) Golf Club 1,495,839 1,704,487 778,751 218.9%1,822,570 208,648 Total Expenditures 3,042,398$ 3,224,692$ 1,405,082$ 229.5%3,395,980$ 182,294$ Five Year Trend Village of Oak Brook Sports Core Fund - Major Sources Five Year Trend For the Period Ending November 30, 2018 Revenues Expenditures Village of Oak Brook Monthly Operating Statement Bath & Tennis Club Recreation Programs For the Period Ending November 30, 2018 11/30/18 11/30/18 11/30/18 YTD % of 2018 11/30/17 Difference 811 812 813 815 816 YTD Amended Amended Adopted YTD Prior B&T Admin Swimming Tennis Polo Open Fields Total Budget Budget Budget Total Year Revenues: Memberships -$ 208,101$ 21,273$ -$ -$ 229,374$ 223,275$ 102.7%223,375$ 222,790$ 6,584$ Programs/User Fees - 19,401 31,961 - 199,535 250,897 300,700 83.4%300,700 368,173 (117,276) Other Revenue (634) 2,621 410 - 185,918 188,315 187,930 100.2%188,000 193,625 (5,310) Total Revenue (634)$ 230,123$ 53,644$ -$ 385,453$ 668,586$ 711,905$ 93.9%712,075$ 784,588$ (116,002)$ Expenditures: Personnel 97,033$ 20,179$ 27,890$ -$ 5,195$ 150,297$ 197,175$ 76.2%208,040$ 207,808$ (57,511)$ Materials & Supplies 5,602 10,605 2,075 - 1,052 19,334 27,895 69.3%28,280 37,914 (18,580) Operational & Contractual 75,385 286,186 71,023 20,000 246,378 698,972 583,195 119.9%586,160 629,595 69,377 Other - - - - - - 51,515 0.0%56,200 - - Capital 38,845 52,154 - - 589 91,588 106,000 86.4%179,750 51,521 40,067 Total Expenditures 216,865$ 369,124$ 100,988$ 20,000$ 253,214$ 960,191$ 965,780$ 99.4%1,058,430$ 926,838$ 33,353$ Direct Revenues Over (Under) Expenditures (217,499)$ (139,001)$ (47,344)$ (20,000)$ 132,239$ (291,605)$ (253,875)$ 114.9%(346,355)$ (142,250)$ (149,355)$ B&T Administration Overhead Allocation*217,500$ (78,300)$ (21,750)$ -$ -$ 117,450$ 167,600$ 70.1%207,995$ 159,840$ (42,390)$ Revenues Over (Under) Expenditures 1$ (217,301)$ (69,094)$ (20,000)$ 132,239$ (174,155)$ (86,275)$ 201.9%(138,360)$ 17,590$ (191,745)$ Reimbursement From Infrastructure Fund 22,000$ -$ -$ -$ -$ 22,000$ 22,000$ 100.0%24,000$ 22,000$ -$ Reimbursement From Water Fund 7,337 - - - - 7,337 7,315 100.3%8,000 7,337 - Adjusted Revenues Over (Under) Expenditures 29,338$ (217,301)$ (69,094)$ (20,000)$ 132,239$ (144,818)$ (56,960)$ (106,360)$ 46,927$ (191,745)$ *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. **Interfund loan is from the General Fund. Village of Oak Brook Monthly Operating Statement Sports Core Food & Beverage Programs For the Period Ending November 30, 2018 11/30/18 11/30/18 821 822 823 11/30/18 YTD % of 2018 11/30/17 Difference B&T Poolside Golf YTD Amended Amended Adopted YTD Prior Clubhouse Café Clubhouse Total Budget Budget Budget Total Year Revenues: Memberships -$ -$ -$ -$ -$ 0.0%-$ 2,400$ -$ Food Sales - 34,693 122,638 157,331 145,500 108.1%145,500 176,908 (19,577) Beverage Sales - 18,467 210,699 229,166 234,815 97.6%236,000 267,271 (38,105) Other Revenue 251,679 - - 251,679 184,500 136.4%187,500 185,863 65,816 Total Revenue 251,679$ 53,160$ 333,337$ 638,176$ 564,815$ 113.0%569,000$ 632,442$ 8,134$ Expenditures: Personnel 107,287$ 24,003$ 111,353$ 242,643$ 190,330$ 127.5%199,505$ 213,802$ 28,841$ Materials & Supplies 12,555 16,059 151,758 180,372 181,660 99.3%182,150 203,351 (22,979) Operational & Contractual 117,628 1,272 6,111 125,011 124,850 100.1%133,325 107,818 17,193 Capital 11,988 - - 11,988 73,750 16.3%- 94,750 (82,762) Total Expenditures 249,458$ 41,334$ 269,222$ 560,014$ 570,590$ 98.1%514,980$ 619,721$ (59,707)$ Direct Revenues Over (Under) Expenditures 2,221$ 11,826$ 64,115$ 78,162$ (5,775)$ -1353.5%54,020$ 12,721$ 65,441$ B&T Administration Overhead Allocation*(108,750)$ (8,700)$ -$ (117,450)$ (167,600)$ 70.1%(175,995)$ (159,840)$ 42,390$ Revenues Over (Under) Expenditures (106,529)$ 3,126$ 64,115$ (39,288)$ (173,375)$ 22.7%(121,975)$ (147,119)$ 107,831$ Transfer From General Fund -$ -$ -$ -$ -$ 0.0%-$ -$ -$ Adjusted Revenues Over (Under) Expenditures (106,529)$ 3,126$ 64,115$ (39,288)$ (173,375)$ (121,975)$ (147,119)$ 107,831$ *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. Village of Oak Brook Monthly Operating Statement Golf Club Programs For the Period Ending November 30, 2018 11/30/18 11/30/18 831 832 833 834 11/30/18 YTD % of 2018 11/30/17 Difference Golf General Golf Learning Golf Cart Golf Course YTD Amended Amended Adopted YTD Prior Operation & Practice Operations Maintenance Total Budget Budget Budget Total Year Revenues: Memberships 205,300$ -$ -$ -$ 205,300$ 191,500$ 107.2%191,500$ 189,963$ 15,337$ Greens Fees 877,007 - - - 877,007 974,800 90.0%975,000 937,814 (60,807) Pro Shop Sales 184,012 - - - 184,012 199,315 92.3%200,000 175,595 8,417 Golf Lessons - 36,705 - - 36,705 40,000 91.8%40,000 43,359 (6,654) Driving Range Fees - 216,724 - - 216,724 235,000 92.2%235,000 236,240 (19,516) Rentals 3,420 70,000 328,549 - 401,969 448,975 89.5%451,000 362,364 39,605 Other Revenue 6,677 - - - 6,677 5,150 129.7%5,150 19,757 (13,080) Total Revenue 1,276,416$ 323,429$ 328,549$ -$ 1,928,394$ 2,094,740$ 92.1%2,097,650$ 1,965,092$ (36,698)$ Expenditures: Personnel 441,307$ 54,954$ 53,389$ 520,384$ 1,070,034$ 1,034,395$ 103.4%1,089,655$ 1,010,156$ 59,878$ Materials & Supplies 143,773 19,579 343 200,168 363,863 403,855 90.1%405,455 330,839 33,024 Operational & Contractual 166,166 14,058 2,205 49,111 231,540 239,340 96.7%242,025 271,027 (39,487) Other - - 49,573 (178,150) (128,577) (104,600) 122.9%(100,475) (186,200) 57,623 Capital 46,934 - 40,922 79,771 167,627 471,410 35.6%185,910 70,017 97,610 Total Expenditures 798,180$ 88,591$ 146,432$ 671,284$ 1,704,487$ 2,044,400$ 83.4%1,822,570$ 1,495,839$ 208,648$ Direct Revenues Over (Under) Expenditures 478,236$ 234,838$ 182,117$ (671,284)$ 223,907$ 50,340$ 444.8%275,080$ 469,253$ (245,346)$ Transfer from General Fund -$ -$ -$ -$ -$ -$ 0.0%-$ -$ - Transfer from Golf Surcharge 11,039 - - - 11,039 285,500 3.9%- - 11,039 Adjusted Revenues Over (Under) Expenditures 489,275$ 234,838$ 182,117$ (671,284)$ 234,946$ 335,840$ 275,080$ 469,253$ (234,307)$