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08 - August 2018 Monthly Financial ReportVILLAGE OAK BROOK OF MONTHLY FINANCIAL REPORTS AUGUST 2018 ITEM 6.C Total Cash and Cash Pooled Cash and Fund Equivalents Investments Investments % By Fund General Corporate $5,969,456 $12,959,172 $18,928,628 43.7% Hotel/Motel Tax 1,590,129 2,895,087 4,485,217 10.4% Motor Fuel Tax 525,439 183,178 708,617 1.6% Infrastructure 6,871,335 3,505,336 10,376,671 24.0% Promenade TIF 4,447 - 4,447 0.0% Water 3,980,032 1,440,671 5,420,703 12.5% Sports Core 541,109 - 541,109 1.2% Golf Surcharge 61,187 586,986 648,173 1.5% Self-Insurance 285,451 - 285,451 0.7% Garage 382,014 - 382,014 0.9% Equipment Replacement 498,189 1,011,582 1,509,770 3.5% Total $20,708,787 $22,582,013 $43,290,800 100.0% Change in Cash and Investments by Fund : Balance at Balance at Year-to-Date Year-to-Date Fund January 1, 2018 August 31, 2018 Change ($)Change (%) General Corporate $17,679,496 $18,928,628 $1,249,132 7.1% Hotel/Motel Tax 4,172,234 4,485,217 312,983 7.5% Motor Fuel Tax 574,460 708,617 134,157 23.4% Infrastructure 8,222,145 10,376,671 2,154,526 26.2% Promenade TIF 276,164 4,447 (271,716)-98.4% Water 5,693,109 5,420,703 (272,406)-4.8% Sports Core 472,473 541,109 68,636 14.5% Golf Surcharge 559,073 648,173 89,100 15.9% Self-Insurance 45,042 285,451 240,409 533.7% Garage 427,409 382,014 (45,395)-10.6% Equipment Replacement 1,805,752 1,509,770 (295,981)-16.4% $39,927,358 $43,290,800 $3,363,442 8.4% Book Market Value Value Pooled Checking $202,104 $202,104 Sports Core Checking 604,497 604,497 Pooled IPTIP 19,796,667 19,796,667 Water E-Pay IPTIP 105,519 105,519 $20,708,787 $20,708,787 Pooled Investments: Investments-Municipal Bonds $7,611,799 $7,495,886 Investments-Corporate Bonds 7,423,453 7,420,413 Government & Agency Obligations 708,635 679,867 Certificates of Deposit 6,720,000 6,660,659 Accrued Interest 118,126 118,126 Total Pooled Investments $22,582,013 $22,374,950 Total Cash and Investments $43,290,800 $43,083,737 For August, total interest revenue is $71,217 and YTD interest revenue is $485,092. Total investment yield for the portfolio is: Pooled Investments Illinois Funds Total Monthly yield 0.17%0.19%0.18% YTD yield 1.22%1.18%1.20% Last 12 months yield 1.76%1.54%1.66% The weighted average yield of the current pooled investment portfolio is 2.03%. Monthly Treasurer's Report August 31, 2018 Monthly Treasurer's Report August 2018 The table below lists the detail investment holdings at J.P. Morgan Securities as of 8/31/18: 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 6/1/2019 2.050%2.123%$99,944 $99,605 $511 Rosemont IL GO Corp #777543UT4 02/08/16 12/1/2019 3.021%2.000%506,238 498,075 3,680 New York N Y City #64971QTX1 02/22/16 5/1/2021 2.350%2.000%201,800 196,692 1,552 Florida Hurricane #34074GDH4 03/30/16 7/1/2020 2.995%2.150%507,498 500,410 2,495 Bloomingdale Mich Pub Sch Dist #094383FS0 04/26/16 5/1/2022 2.710%2.150%509,801 490,385 4,478 Milan Mich Area Achs #598801JD1 05/26/16 5/1/2020 1.931%1.931%245,000 241,482 1,476 Indiana Bd Bk Rev Taxable #4546248F7 01/06/17 1/15/2020 2.934%1.900%258,532 254,962 969 Garland Cnty Ark Sales & Use #36609PAN3 02/06/17 11/1/2019 1.795%1.840%499,738 494,880 3,116 Anchor Bay Mich Sch Dist GO #032879TA6 02/13/17 5/1/2019 1.810%1.420%365,947 362,036 2,125 Macomb Cnty Mich Retirees #554885H63 04/11/17 11/1/2018 1.731%1.300%400,288 399,656 2,265 Lanse Creuse Mich Pub Schs #516228RL9 05/02/17 5/1/2020 2.159%2.159%100,000 99,009 717 California St GO Bonds #13063A7G3 05/08/17 10/1/2019 6.200%1.600%524,700 518,530 12,635 *Genesee Cnty Mich #371608UV0 05/31/17 10/1/2019 2.670%2.670%302,000 302,025 782 Connecticut St GO Bds 2016 #20772J3F7 06/15/17 8/15/2021 1.750%2.300%492,177 477,170 336 North Carolina Eastn Mun Pwr #65819WAL7 10/02/17 7/1/2019 2.578%1.700%503,640 499,580 2,005 Fowlerville Mich Comnty Schs #351280MS8 10/03/17 5/1/2020 2.045%1.750%502,425 493,970 3,238 Racine Cnty WI #749845UK7 12/20/17 12/1/2020 2.150%2.150%750,000 733,605 4,031 Wisconsin St Gen Fd Annual #977100CW4 01/05/18 5/1/2020 1.446%2.100%593,567 585,666 2,796 Illinois St G/O #452152HU8 04/03/18 3/1/2019 5.877%3.000%248,504 248,148 7,079 Total Municipal Bonds $7,611,799 $7,495,886 $56,287 Corporate Bonds: American Honda Finance Corp #02665WAC5 01/25/18 10/10/2018 2.125%1.809%$1,000,328 $999,780 $8,264 JP Morgan Securities #44640QKV2 02/01/18 10/29/2018 2.082%2.082%1,494,882 1,494,747 0 Wells Fargo #94974BFQ8 04/25/18 1/15/2019 2.150%2.330%1,389,050 1,388,332 3,736 Huntington National Bank #446438RG0 07/06/18 4/1/2019 2.200%2.541%698,609 698,257 6,374 Bank of America #06051GFD6 07/06/18 4/1/2019 2.650%2.509%750,614 750,300 7,840 KeyBank #49327M2N3 07/19/18 3/8/2019 2.350%2.490%844,381 844,079 9,487 Bank of America #06051GFD6 07/30/18 4/1/2019 2.650%2.420%245,320 245,098 2,705 Morgan Stanley #61746BDM5 08/03/18 1/24/2019 2.500%2.430%1,000,270 999,820 2,431 Total Corporate Bonds $7,423,453 $7,420,413 $40,836 Government & Agency Obligations: **Government National Mtg Assn #38379UEM4 02/29/16 2/16/2051 2.300%2.245%$708,635 $679,867 $2,015 Total Government & Agency Obligations:$708,635 $679,867 $2,015 Certificates of Deposit: Ally Bk Midvale Utah #02006LVC4 10/29/15 10/29/2018 1.600%1.600%$245,000 $244,927 $1,312 BMW Bank #05580AFG4 09/23/16 9/24/2018 1.100%1.100%245,000 244,863 1,186 Comenity Cap Bank #20033ASB3 09/26/16 9/26/2018 1.100%1.100%245,000 244,851 34 Enerbank #29266N4E4 10/21/16 10/22/2018 1.100%1.100%245,000 244,738 977 Discover Bank #254672L71 10/26/16 10/26/2018 1.200%1.200%245,000 244,645 1,025 State Bk India NY #8562846A7 01/26/17 1/26/2022 2.250%2.250%245,000 238,647 559 Marlin Business Bk #57116ANU8 05/10/17 11/12/2019 1.600%1.600%245,000 242,403 221 American Express Fed Svgs #02587CER7 05/10/17 11/12/2019 1.700%1.700%245,000 242,611 1,284 Synchrony Bank #87164WRA8 05/26/17 5/28/2019 1.650%1.650%245,000 244,062 1,044 Umpqua Bank #90421MAG8 05/31/17 5/31/2019 1.600%1.600%245,000 243,949 991 Stone Bk Mtn View Ark #86158RAJ8 06/28/17 6/28/2019 1.600%1.600%245,000 243,694 20 TIAA FSB Jacksonville #87270LAA1 07/19/17 7/19/2019 1.600%1.600%245,000 243,481 457 Peoples United Bank #71270QQZ2 07/19/17 7/19/2019 1.650%1.650%245,000 243,586 472 Priority Bank Ozark Ark #74269KBR6 07/26/17 7/26/2019 1.600%1.600%245,000 243,410 48 American Express Centurion #02587DV96 08/15/17 8/17/2020 1.900%1.900%245,000 240,171 194 Sallie Mae #795450C86 08/16/17 8/17/2020 1.900%1.900%245,000 240,837 194 Merrick Bank South Jordan #59013JZS1 08/21/17 8/21/2020 1.800%1.800%245,000 240,318 122 Pinnacle Bank #72345SFS5 08/30/17 8/31/2020 1.800%1.800%115,000 112,753 6 Jackson County Bank #466682AP6 08/31/17 3/1/2021 1.850%1.850%245,000 238,782 0 Barclays Bank #06740KKX4 09/27/17 9/28/2020 1.950%1.950%245,000 240,720 2,050 Capital One Bank #1404205E6 10/04/17 10/4/2019 1.700%1.700%245,000 243,011 1,695 Transportation Alliance #89388CCB2 10/13/17 4/12/2019 1.600%1.600%235,000 234,295 179 Goldman Sachs Bank #38148PRK5 10/18/17 10/19/2020 1.950%1.950%245,000 240,546 1,758 FirstBank PR Santurce #33767A6M8 11/03/17 11/3/2020 2.000%2.000%245,000 240,661 364 Morgan Stanley #61747MQ53 03/22/18 3/23/2020 2.550%2.550%245,000 244,677 2,742 Investors Community Bank #46147UTT7 08/28/18 2/28/2020 2.550%2.550%245,000 244,780 35 Lakeside Bank #51210SPS0 08/30/18 3/30/2020 2.550%2.550%245,000 244,645 17 Bank United #066519GJ2 08/31/18 2/20/2028 2.500%2.500%245,000 244,598 - Total Certificates of Deposits $6,720,000 $6,660,659 $18,987 Total J.P.Morgan Securities $22,463,888 $22,256,824 $118,126 *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 August 31, 2018 Cash & Investments by Fund - Total $43.3 million Cash & Investments by Type - Total $43.3 million Checking Illinois Funds Certificates of Deposit Municipal Bonds Corporate Bonds Government & Agency Obligations Accrued Interest General Corporate 43.72% Hotel/Motel Tax 10.36%Motor Fuel Tax 1.64% Infrastructure 23.97% Promenade TIF 0.01% Water 12.52% Sports Core 1.25% Golf Surcharge 1.50% Self-Insurance 0.66%Garage 0.88% Equipment Replacement 3.49% Checking, $0.8 Illinois Funds, $19.9 Certificates of Deposit, $6.7 Municipal Bonds, $7.6 Corporate Bonds, $7.4 Government & Agency Obligations, $0.8 Accrued Interest, $0.1 in millions Village of Oak Brook Monthly Financial Report – Fund Narrative For the Period Ending August 31, 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 x Total revenues through August 2018 are $1,343,330 hi gher than last year and $1,806,427 over budget. o Sales tax revenue, the General Fund’s largest revenue source, is down $72,661 from last year and $4,542 under budget. This is due to the closure of two large taxpayers in late 2017. o Other intergovernmental tax revenue is down $65,932 from last year, but $88,852 over budget. Revenue is down from last year due to extra one-time Income Tax payments from the State. Revenue from Income Tax, Replacement Tax, and Use Tax has been better 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 $80,437 from last year and $223,824 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 $1,009,674 from last year and $1,180,595 over budget. The increase is due to the receipt large building permits that have occurred to date, including KidZania, Carvana, and LifeTime Fitness. x Total expenditures through August 2018 are $1,274,533 higher than last year, but $1,768,250 under budget. o Personnel expenditures are up $467,700 from last year, but $956,240 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 may occur later in 2018. o Operation and contract expenditures are down $364,955 from last year and $497,989 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 $1,140,421 from last year, but $198,459 under budget. The increase is due to the Police Department expansion project in 2018. Hotel Tax Fund x Total revenues through August 2018 are $90,832 higher than last year and $32,624 over budget. o Hotel tax revenue is up $80,021 from last year, but $500 under budget. This is due to an additional hotel in 2018 as Hyatt House opened in late 2017. o Interest income revenue is up $19,165 from last year and $30,147 over budget. This is due to favorable market conditions and rising interest rates. x Total expenditures through August 2018 are $380,771 lower than last year and $443,261 under budget. o Operation and contract expenditures are down $19,698 from last year and $195,629 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 $365,169 from last year and $247,632 under budget. This is due to the timing of projects scheduled. Motor Fuel Tax Fund x Total revenues through August 2018 are up $240 from last year and $1,827 over budget. Motor Fuel Tax receipts are slightly under budget, but are offset by increases in interest income. x Total expenditures through August 2018 are down $189,328 from last year and $342,210 under budget. This is due to the timing of the transfer of funds to the Infrastructure Fund to pay for roadway improvements. Infrastructure Fund x Total revenues through August 2018 are down $46,857 from last year, but $105,402 over budget. o Non-home rule sales tax revenue is down $102,081 from last year, but $26,350 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 $61,382 from last year and $79,643 over budget. This is due to favorable market conditions and rising interest rates. x Total expenditures through August 2018 are down $227,483 from last year and $3,640,263 under budget. o Personnel expenditures are up $13,466 from last year, but $100,620 under budget. Personnel is under budget due to employee turnover and an upcoming union contract retro payment. o Operation and contract expenditures are down $195,041 from last year and $381,817 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 down $67,379 from last year and $3,114,049 under budget. This is due to the timing of roadway improvement projects. Promenade TIF Fund x Total revenues through August 2018 are down $6,328 from last year and $5,313 under budget. This is due to a decrease in real estate tax revenue from last year. x Total expenditures through August 2018 are up $35,148 from last year and $29,313 over budget. The increase relates to additional principal paid towards the TIF note. Water Fund x Total revenues through August 2018 are up $203,852 from last year and $159,024 over budget. o Water sales revenue is up $188.517 from last year and $10,039 over budget. The increase from last year is due to a 7% rate increase effective 1/1/18. Water gallons sold has also been slightly more than projected so far this year. x Total expenditures through August 2018 are up $1,422,800 from last year, but $1,882,648 under budget. o Operation and contract expenditures are up $68,520 from last year, but $1,331,183 under budget. The increase is due to more water being purchased from DuPage Water Commission and a rate increase on gallons purchased. Expenditures are under budget due to the timing of invoices paid. o Capital outlay expenditures are up $1,384,033 from last year, but $486,858 under budget. The increase relates to the start of the Village-wide water meter replacement project. Sports Core Fund x Total revenues through August 2018 are down $140,971 from last year and $71,286 under budget. o Memberships are up $17,921 from last year and $13,949 over budget. Memberships from both B&T and Golf are up in 2018 compared to last year. o Greens Fees are down $38,925 from last year and $51,842 under budget. Rounds played are down in 2018 due to unfavorable weather conditions. o Rentals are up $49,381 from last year and $37,486 over budget. This is due to the reclassification of driving range rental fees and the timing of fees received. o Program/User Fees are down $132,202 from last year and $81,533 under budget. This is due to the timing of soccer field rental payments and the reclassification of driving range rental fees. x Total expenditures through August 2018 are up $77,732 from last year, but $227,636 under budget. o Personnel expenditures are up $9,794 from last year and $35,231 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 $75,356 from last year and $118,266 under budget. This is due to the timing of golf course maintenance supplies purchases. o Operation and Contractual expenditures are up $102,890 from last year and $70,292 over budget. This is due to the outsourcing of swim operations to the Park District, which required management fees to be paid before the season. o Capital outlay expenditures are down $1,733 from last year and $158,405 under budget. Expenses are under budget due to the general timing of projects or the cancellation of budgeted projects. Golf Surcharge Fund x Total revenues through August 2018 are down $4,667 from last year and $220 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. x No golf surcharge funds have been transferred or expended in 2018 so far. Self Insurance Fund x Total revenues through August 2018 are up $12,111 from last year, but $48,063 under budget. This is due retirees moving to a new insurance plan in FY18 and a rate increase effective 7/1/18. x Total expenditures through August 2018 are down $169,343 from last year and $336,124 under budget. This is due to the timing of invoices paid and health claims coming in lower than projected. Garage Fund x Total revenues through August 2018 are down $86,290 from last year, but $4,090 over budget. This is due to a budgeted reduction in maintenance charges to use available net position reserves. x Total expenditures through August 2018 are up $21,657 from last year, but $99,141 under budget. This is due to the delay in hiring a vacant position and a general decrease in maintenance costs. Equipment Replacement Fund x Total revenues through August 2018 are down $261,077 from last year, but $36,530 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. x Total expenditures through August 2018 are up $217,507 from last year and $81,478 over 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)17,768,705 $16,304,643 $1,464,062 $420,742 Main operating fund of the Village. Hotel Fund (Major Fund)$896,624 $390,654 $505,970 $30,085 Collects and spends resources from the 3% hotel/motel tax. Motor Fuel Tax Fund $141,947 $7,790 $134,157 ($209,880) Collects and spends resources from the State motor fuel tax. Infrastructure Fund (Major Fund)$3,948,014 $1,734,072 $2,213,942 ($1,189,505) Accounts for construction and maintenance of roadways, drainage, and safety path systems. Promenade TIF Fund (Major Fund)$221,507 $493,223 ($271,716)($237,090) 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)$5,986,864 $5,442,387 $544,477 ($1,497,195) Collects user fees for the distribution of water and maintenance of infrastructure. Sports Core Fund (Major Fund)$2,639,910 $2,472,899 $167,011 $10,645 Accounts for revenues and expenses relating to administration, programs, food and beverage operations, and golf course. Golf Surcharge Fund $89,100 $0 $89,100 $89,320 Accounts for the collection of the $3 per round golf surcharge. Internal Service Funds Self Insurance Fund $2,094,262 $1,892,316 $201,946 ($86,115) Accounts for the Village's health insurance costs and the related contributions from the Village, employees, retirees, and other agencies. Garage Fund $412,550 $431,024 ($18,474)($121,705) Accounts for the maintenance of the Village's vehicle fleet and the related departmental reimbursements. Equipment Replacement Fund $305,130 $536,588 ($231,458)($186,510) Accounts for the replacement of the Village's vehicle fleet and the related departmental contributions. Further information on the Village's major funds (as indicated above) can be found on the proceeding pages. Executive Summary on Village Funds Through August 31, 2018 8/31/18 8/31/18 8/31/17 8/31/18 YTD % of 2018 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Sales Tax 8,259,119$ 8,186,458$ 8,191,000$ 100%12,453,000$ (72,661)$ Other Intergovernmental Tax 990,584 924,652 835,800 111%1,144,700 (65,932) Telecommunications/Utility Tax 4,013,842 4,094,279 3,870,455 106%5,792,250 80,437 Licenses and Permits 1,631,406 2,641,080 1,460,485 181%1,784,070 1,009,674 Charges for Services 616,878 721,261 659,920 109%1,017,100 104,383 Fines and Penalties 97,702 120,277 100,300 120%150,500 22,575 Administrative Towing Fees 28,875 21,900 23,320 94%35,000 (6,975) Interest on Investments 143,018 222,410 130,000 171%195,000 79,392 Franchise/IMF Maint. Fee 107,597 107,304 161,250 67%215,000 (293) Miscellaneous Income 116,986 309,716 110,380 281%180,750 192,730 Total Operating Revenues 16,006,007$ 17,349,337$ 15,542,910$ 112%22,967,370$ 1,343,330$ OPERATING EXPENDITURES Personnel 10,988,490$ 11,456,190$ 12,412,430$ 92%17,953,350$ 467,700$ Materials and Supplies 273,410 303,270 381,990 79%532,820 29,860 Operation and Contract 2,797,761 2,432,806 2,930,795 83%4,278,675 (364,955) Other Expenditures 90,436 91,944 128,785 71%388,815 1,508 Capital Outlay 880,013 2,020,434 2,218,893 91%2,997,840 1,140,421 Total Operating Expenditures 15,030,110$ 16,304,643$ 18,072,893$ 90%26,151,500$ 1,274,533$ SURPLUS (DEFICIT) OF REVENUES OVER EXPENDITURES 975,897$ 1,044,694$ (2,529,983)$ (3,184,130)$ 68,797$ OTHER TRANSACTIONS Transfers Out -$ -$ -$ 0%-$ -$ Interfund Loan - - - 0%- - Reimbursements From Other Funds 411,536 419,368 475,560 88%713,360 7,832 Installment Contract Proceeds - - 2,475,165 0%2,475,165 - Total Interfund Transactions 411,536$ 419,368$ 2,950,725$ 0%3,188,525$ 7,832$ NET FUND INCREASE (DECREASE)1,387,433$ 1,464,062$ 420,742$ 4,395$ 76,629$ Village of Oak Brook General Fund Financial Update For the Period Ending August 31, 2018 Total Total Revenues Expenditures 8/31/18 Actual 17,349,337$ 16,304,643$ 8/31/17 Actual 16,006,007$ 15,030,110$ % Change From Last Year 8.4%8.5% Major Revenues Other Intergov.Licenses &Charges for Sales Tax Tax Telecom Tax Permits Services 8/31/18 Actual 8,186,458$ 924,652$ 4,094,279$ 2,641,080$ 721,261$ 8/31/17 Actual $ 8,259,119 $ 990,584 $ 4,013,842 $ 1,631,406 $ 616,878 % Change From Last Year -0.9%-6.7%2.0%61.9%16.9% Five Year Trend Major Expenditures Materials &Operation &Other Personnel Supplies Contractual Expenditures Capital Outlay 8/31/18 Actual 11,456,190$ 303,270$ 2,432,806$ 91,944$ 2,020,434$ 8/31/17 Actual 10,988,490$ 273,410$ 2,797,761$ 90,436$ 880,013$ % Change From Last Year 4.3%10.9%-13.0%1.7%129.6% Five Year Trend Expenditures by Department 8/31/17 8/31/18 8/31/18 8/31/18 2018 Difference Five YTD YTD YTD % of Annual Prior Year Department Actual Actual Budget Budget Budget Year Trend Legislative & General Management 1,822,516$ 1,446,106$ 1,835,325$ 78.8%2,673,305$ (376,410)$ Financial Services 562,119 575,714 638,100 90.2%1,117,875 13,595 Public Works 464,520 435,934 660,200 66.0%993,820 (28,586) Engineering & Capital Projects 603,770 1,917,304 1,934,148 99.1%2,732,665 1,313,534 Library 611,179 580,082 617,530 93.9%889,845 (31,097) Police 5,533,075 5,712,392 6,047,255 94.5%8,705,350 179,317 Fire 4,784,878 4,998,202 5,656,465 88.4%8,043,215 213,324 Development Services 648,053 638,909 683,870 93.4%995,425 (9,144) Total Expenditures 15,030,110$ 16,304,643$ 18,072,893$ 90.2%26,151,500$ 1,274,533$ Five Year Trend For the Period Ending August 31, 2018 General Fund - Five Year Trend Village of Oak Brook Revenues Expenditures 8/31/18 8/31/18 8/31/17 8/31/18 YTD % of 2018 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Hotel Tax 763,479$ 843,500$ 844,000$ 100%1,340,000$ 80,021$ Interest 30,982 50,147 20,000 251%30,000 19,165 Miscellaneous 11,331 2,977 - N/A - (8,354) Total Operating Revenues 805,792$ 896,624$ 864,000$ 104%1,370,000$ 90,832$ EXPENDITURES Operation and Contract 271,629$ 251,931$ 447,560$ 56%646,515$ (19,698)$ Other Expenditures 62,264 66,360 66,360 100%99,550 4,096 Capital Outlay 437,532 72,363 319,995 23%640,000 (365,169) Total Expenditures 771,425$ 390,654$ 833,915$ 46.8%1,386,065$ (380,771)$ NET FUND INCREASE (DECREASE)34,367$ 505,970$ 30,085$ (16,065)$ 471,603$ Note - Expenditures are recorded in program 171. Village of Oak Brook Hotel Tax Fund Financial Update For the Period Ending August 31, 2018 Total Total Revenues Expenditures 8/31/18 Actual $ 896,624 390,654$ 8/31/17 Actual $ 805,792 771,425$ % Change From Last Year 11.3%-49.4% Major Revenues Grants Hotel Tax Interest Miscellaneous 8/31/18 Actual $ - $ 843,500 $ 50,147 $ 2,977 8/31/17 Actual $ - $ 763,479 $ 30,982 $ 11,331 % Change From Last Year 0.0%10.5%61.9%-73.7% Five Year Trend Major Expenditures Operation &Other Contractual Expenditures Capital Outlay 8/31/18 Actual 251,931$ 66,360$ 72,363$ 8/31/17 Actual 271,629$ 62,264$ 437,532$ % Change From Last Year -7.3%6.6%-83.5% Five Year Trend Village of Oak Brook Hotel Tax Fund - Major Sources Five Year Trend For the Period Ending August 31, 2018 Five Year Trend Revenues Expenditures 8/31/18 8/31/18 8/31/17 8/31/18 YTD % of 2018 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Sales Tax 3,811,181$ 3,709,100$ 3,682,750$ 101%5,563,000$ (102,081)$ Grants 3,142 - - 0%- (3,142) Interest 46,261 107,643 28,000 384%42,000 61,382 Miscellaneous 5,745 2,729 3,320 82%5,000 (3,016) Total Operating Revenues 3,866,329$ 3,819,472$ 3,714,070$ 103%5,610,000$ (46,857)$ OPERATING EXPENDITURES Personnel 810,029$ 823,495$ 924,115$ 89%1,365,445$ 13,466$ Materials and Supplies 71,896 91,790 135,560 68%182,955 19,894 Operation and Contract 836,639 641,598 1,023,415 63%1,484,755 (195,041) Other Expenditures 108,336 109,912 109,920 100%164,865 1,576 Capital Outlay 134,655 67,276 3,181,325 2%5,625,620 (67,379) Total Operating Expenditures 1,961,555$ 1,734,072$ 5,374,335$ 32%8,823,640$ (227,483)$ SURPLUS (DEFICIT) OF REVENUES OVER EXPENDITURES 1,904,774$ 2,085,400$ (1,660,265)$ -126%(3,213,640)$ 180,626$ INTERFUND TRANSACTIONS Transfers In 179,074$ 7,790$ 350,000$ 2%500,000$ (171,284)$ Reimbursements From Other Funds 117,760 120,752 120,760 100%181,130 2,992 Total Interfund Transactions 296,834$ 128,542$ 470,760$ 27%681,130$ (168,292)$ NET FUND INCREASE (DECREASE)2,201,608$ 2,213,942$ (1,189,505)$ (2,532,510)$ 12,334$ Village of Oak Brook Infrastructure Fund Financial Update For the Period Ending August 31, 2018 Total Total Revenues Expenditures 8/31/18 Actual $ 3,819,472 1,734,072$ 8/31/17 Actual $ 3,866,329 1,961,555$ % Change From Last Year -1.2%-11.6% Major Revenues Sales Tax Grants Interest Miscellaneous Reimbursements 8/31/18 Actual $ 3,709,100 $ - $ 107,643 $ 2,729 $ 120,752 8/31/17 Actual $ 3,811,181 $ 3,142 $ 46,261 $ 5,745 $ 117,760 % Change From Last Year -2.7%-100.0%132.7%-52.5%2.5% Five Year Trend Major Expenditures Materials &Operation &Other Personnel Supplies Contractual Expenditures Capital Outlay 8/31/18 Actual 823,495$ 91,790$ 641,598$ 109,912$ 67,276$ 8/31/17 Actual 810,029$ 71,896$ 836,639$ 108,336$ 134,655$ % Change From Last Year 1.7%27.7%-23.3%1.5%-50.0% Five Year Trend Expenditures by Department 8/31/17 8/31/18 8/31/18 8/31/18 2018 Difference Five YTD YTD YTD % of Annual Prior Year Actual Actual Budget Budget Budget Year Trend Legislative & General Management 115,662$ 93,863$ 118,210$ 79.4%178,530$ (21,799)$ Public Works 1,561,067 1,365,578 1,783,980 76.5%2,592,335 (195,489) Engineering & Capital Projects 284,826 274,631 3,472,145 7.9%6,052,775 (10,195) Total Expenditures 1,961,555$ 1,734,072$ 5,374,335$ 32.3%8,823,640$ (227,483)$ Five Year Trend Village of Oak Brook Infrastructure Fund - Major Sources Five Year Trend For the Period Ending August 31, 2018 Revenues Expenditures 8/31/18 8/31/18 8/31/17 8/31/18 YTD % of 2018 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Sales Tax 35,077$ 34,169$ 34,150$ 100%102,500$ (908)$ Real Estate Tax 192,509 186,562 192,500 97%385,000 (5,947) Interest 249 776 170 456%250 527 Total Operating Revenues 227,835$ 221,507$ 226,820$ 98%487,750$ (6,328)$ EXPENDITURES Operation and Contract 3,695$ 3,403$ 4,090$ 83%4,090$ (292)$ Other Expenditures 454,380 489,820 459,820 107%459,820 35,440 Total Expenditures 458,075$ 493,223$ 463,910$ 106%463,910$ 35,148$ NET FUND INCREASE (DECREASE)(230,240)$ (271,716)$ (237,090)$ 23,840$ (41,476)$ Note - Expenditures are recorded in program 283. Village of Oak Brook Promenade TIF Fund Financial Update For the Period Ending August 31, 2018 Total Total Revenues Expenditures 8/31/18 Actual $ 221,507 493,223$ 8/31/17 Actual $ 227,835 458,075$ % Change From Last Year -2.8%7.7% Major Revenues Real Estate Sales Tax Tax Interest 8/31/18 Actual $ 34,169 $ 186,562 $ 776 8/31/17 Actual $ 35,077 $ 192,509 $ 249 % Change From Last Year -2.6%-3.1%211.6% Five Year Trend Major Expenditures Operation &Other Contractual Expenditures 8/31/18 Actual 3,403$ 489,820$ 8/31/17 Actual 3,695$ 454,380$ % Change From Last Year -7.9%7.8% Five Year Trend Village of Oak Brook Promenade TIF Fund - Major Sources Five Year Trend For the Period Ending August 31, 2018 Five Year Trend Revenues Expenditures 8/31/18 8/31/18 8/31/17 8/31/18 YTD % of 2018 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Grants 3,386$ -$ -$ 0%-$ (3,386)$ Plan Review Fees 1,339 600 1,320 45%2,000 (739) Building/Inspection Fees 5,314 5,063 3,320 153%5,000 (251) Water Sales 5,516,522 5,705,039 5,695,000 100%9,730,425 188,517 Unmetered Sales 25,003 21,736 20,000 109%30,000 (3,267) Water Connection Fees 128,570 109,284 33,200 329%50,000 (19,286) Fire Service Charge - - 3,320 0%5,000 - Meter Charges 14,246 8,334 16,680 50%25,000 (5,912) Special Services 15,286 16,394 15,000 109%30,000 1,108 Interest on Investments 22,095 61,169 6,680 916%10,000 39,074 Miscellaneous 51,251 59,245 33,320 178%50,000 7,994 Total Operating Revenues 5,783,012$ 5,986,864$ 5,827,840$ 103%9,937,425$ 203,852$ EXPENDITURES Personnel 548,421$ 506,463$ 563,240$ 90%817,490$ (41,958)$ Materials and Supplies 34,704 44,533 52,355 85%76,860 9,829 Operation and Contract 3,119,487 3,188,007 4,519,190 71%6,780,015 68,520 Other Expenditures 267,736 270,112 270,120 100%405,170 2,376 Capital Outlay 49,239 1,433,272 1,920,130 75%2,710,220 1,384,033 Total Expenditures 4,019,587$ 5,442,387$ 7,325,035$ 74%10,789,755$ 1,422,800$ NET FUND INCREASE (DECREASE)1,763,425$ 544,477$ (1,497,195)$ (852,330)$ (1,218,948)$ Village of Oak Brook Water Fund Financial Update For the Period Ending August 31, 2018 Total Total Revenues Expenditures 8/31/18 Actual $ 5,986,864 5,442,387$ 8/31/17 Actual $ 5,783,012 4,019,587$ % Change From Last Year 3.5%35.4% Unmetered Water Water Sales Sales Connection Fees Meter Charges Miscellaneous 8/31/18 Actual $ 5,705,039 $ 21,736 $ 109,284 $ 8,334 $ 59,245 8/31/17 Actual $ 5,516,522 $ 25,003 $ 128,570 $ 14,246 $ 51,251 % Change From Last Year 3.4%-13.1%-15.0%-41.5%15.6% Five Year Trend Materials &Operation &Other Personnel Supplies Contractual Expenditures Capital Outlay 8/31/18 Actual 506,463$ 44,533$ 3,188,007$ 270,112$ 1,433,272$ 8/31/17 Actual 548,421$ 34,704$ 3,119,487$ 267,736$ 49,239$ % Change From Last Year -7.7%28.3%2.2%0.9%2810.8% Five Year Trend Expenditures by Department 8/31/17 8/31/18 8/31/18 8/31/18 2018 Difference Five YTD YTD YTD % of Annual Prior Year Actual Actual Budget Budget Budget Year Trend Public Works 3,978,546$ 3,976,305$ 5,468,235$ 72.7%8,124,535$ (2,241)$ Engineering & Capital Projects 41,041 1,466,082 1,856,800 79.0%2,665,220 1,425,041 Total Expenditures 4,019,587$ 5,442,387$ 7,325,035$ 74.3%10,789,755$ 1,422,800$ Five Year Trend Village of Oak Brook Water Fund - Major Sources Five Year Trend For the Period Ending August 31, 2018 Revenues Expenditures Village of Oak Brook Monthly Operating Statement Sports Core Fund Consolidated Presentation For the Period Ending August 31, 2018 8/31/18 8/31/18 8/31/18 YTD % of 2018 8/31/17 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$ -$ 204,050$ 433,424$ 419,475$ 103%414,875$ 415,503$ 17,921$ Greens Fees - - 679,358 679,358 731,200 93%975,000 718,283 (38,925) Pro Shop Sales - - 154,554 154,554 150,890 102%200,000 143,288 11,266 Golf Lessons - - 22,512 22,512 39,000 58%40,000 36,977 (14,465) Driving Range Fees - - 192,945 192,945 210,500 92%235,000 207,846 (14,901) Rentals - - 326,761 326,761 289,275 113%451,000 277,380 49,381 Programs/User Fees 170,567 - - 170,567 252,100 68%300,700 302,769 (132,202) Food Sales - 123,851 - 123,851 105,745 117%145,500 138,162 (14,311) Beverage Sales - 183,962 - 183,962 177,115 104%236,000 207,862 (23,900) Other Revenue 189,572 135,779 5,289 330,640 314,560 105%380,650 311,475 19,165 Total Direct Revenues 589,513$ 443,592$ 1,585,469$ 2,618,574$ 2,689,860$ 97%3,378,725$ 2,759,545$ (140,971)$ DIRECT EXPENDITURES Personnel 130,268$ 178,715$ 760,123$ 1,069,106$ 1,033,875$ 103%1,497,200$ 1,059,312$ 9,794$ Materials & Supplies 16,696 130,251 225,897 372,844 491,110 76%615,885 448,200 (75,356) Operational & Contractual 564,721 64,025 162,811 791,557 721,265 110%961,510 688,667 102,890 Other - - 42,137 42,137 98,625 43%(44,275) - 42,137 Capital 91,588 9,988 95,679 197,255 355,660 55%365,660 198,988 (1,733) Total Direct Expenditures 803,273$ 382,979$ 1,286,647$ 2,472,899$ 2,700,535$ 92%3,395,980$ 2,395,167$ 77,732$ Direct Revenues Over (Under) Expenditures (213,760)$ 60,613$ 298,822$ 145,675$ (10,675)$ -1365%(17,255)$ 364,378$ (218,703)$ B&T Administration Overhead Allocation*96,090$ (96,090)$ -$ -$ -$ 0%-$ -$ -$ Operating Revenues Over (Under) Expenditures (117,670)$ (35,477)$ 298,822$ 145,675$ (10,675)$ -1365%(17,255)$ 364,378$ (218,703)$ Interfund Loan**-$ -$ -$ -$ -$ 0%-$ -$ -$ Transfer From General Fund - - - - - 0%- - - Reimbursement From Infrastructure Fund 16,000 - - 16,000 16,000 100%24,000 16,000 - Reimbursement From Water Fund 5,336 - - 5,336 5,320 100%8,000 5,336 - Transfer From Golf Surcharge Fund - - - - - 0%- - - Adjusted Operating Revenues Over (Under) Expenditures (96,334)$ (35,477)$ 298,822$ 167,011$ 10,645$ 14,745$ 385,714$ (218,703)$ *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 8/31/18 Actual $ 2,618,574 2,472,899$ 8/31/17 Actual $ 2,759,545 2,395,167$ % Change From Last Year -5.1%3.2% Driving Program/ Memberships Greens Fees Range Fees Rentals User Fees 8/31/18 Actual $ 433,424 $ 679,358 $ 192,945 $ 326,761 $ 170,567 8/31/17 Actual $ 415,503 $ 718,283 $ 207,846 $ 277,380 $ 302,769 % Change From Last Year 4.3%-5.4%-7.2%17.8%-43.7% Five Year Trend Materials &Operation &Other Personnel Supplies Contractual Expenditures Capital Outlay 8/31/18 Actual 1,069,106$ 372,844$ 791,557$ 42,137$ 197,255$ 8/31/17 Actual 1,059,312$ 448,200$ 688,667$ -$ 198,988$ % Change From Last Year 0.9%-16.8%14.9%N/A -0.9% Five Year Trend Revenues by Department 8/31/17 8/31/18 8/31/18 8/31/18 2018 Difference Five YTD YTD YTD % of Annual Prior Year Actual Actual Budget Budget Budget Year Trend B&T Recreation Programs 718,631$ 589,513$ 646,495$ 91.2%712,075$ (129,118)$ Food & Beverage 463,655 443,592 127,800 347.1%569,000 (17,663) Golf Club 1,577,259 1,585,469 567,997 279.1%2,097,650 8,210 Total Revenues 2,759,545$ 2,618,574$ 1,342,292$ 195.1%3,378,725$ (138,571)$ Expenditures by Department 8/31/17 8/31/18 8/31/18 % of 2018 Difference Five YTD YTD YTD % of Annual Prior Year Actual Actual Budget Budget Budget Year Trend B&T Recreation Programs 679,213$ 803,273$ 344,363$ 233.3%1,058,430$ 124,060$ Food & Beverage 482,036 382,979 281,968 135.8%514,980 (99,057) Golf Club 1,233,918 1,286,647 778,751 165.2%1,822,570 52,729 Total Expenditures 2,395,167$ 2,472,899$ 1,405,082$ 176.0%3,395,980$ 77,732$ Five Year Trend Village of Oak Brook Sports Core Fund - Major Sources Five Year Trend For the Period Ending August 31, 2018 Revenues Expenditures Village of Oak Brook Monthly Operating Statement Bath & Tennis Club Recreation Programs For the Period Ending August 31, 2018 8/31/18 8/31/18 8/31/18 YTD % of 2018 8/31/17 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$ 227,975$ 101%223,375$ 223,140$ 6,234$ Programs/User Fees (1,612) 19,320 28,099 - 124,760 170,567 252,100 68%300,700 302,769 (132,202) Other Revenue 629 2,621 404 - 185,918 189,572 188,910 100%188,000 192,722 (3,150) Total Revenue (983)$ 230,042$ 49,776$ -$ 310,678$ 589,513$ 668,985$ 88%712,075$ 718,631$ (129,118)$ Expenditures: Personnel 81,833$ 20,179$ 23,061$ -$ 5,195$ 130,268$ 152,115$ 86%208,040$ 167,912$ (37,644)$ Materials & Supplies 5,136 9,485 2,075 - - 16,696 24,865 67%28,280 34,138 (17,442) Operational & Contractual 51,149 278,789 40,195 5,000 189,588 564,721 469,860 120%586,160 425,642 139,079 Other - - - - - - 37,460 0%56,200 - - Capital 38,845 52,154 - - 589 91,588 106,000 86%179,750 51,521 40,067 Total Expenditures 176,963$ 360,607$ 65,331$ 5,000$ 195,372$ 803,273$ 790,300$ 102%1,058,430$ 679,213$ 124,060$ Direct Revenues Over (Under) Expenditures (177,946)$ (130,565)$ (15,555)$ (5,000)$ 115,306$ (213,760)$ (121,315)$ 176%(346,355)$ 39,418$ (253,178)$ B&T Administration Overhead Allocation*177,946$ (64,061)$ (17,795)$ -$ -$ 96,090$ 136,980$ 70%207,995$ 114,564$ (18,474)$ Revenues Over (Under) Expenditures -$ (194,626)$ (33,350)$ (5,000)$ 115,306$ (117,670)$ 15,665$ -751%(138,360)$ 153,982$ (271,652)$ Interfund Loan**-$ -$ -$ -$ -$ -$ -$ 0%-$ -$ -$ Transfer From General Fund - - - - - - - 0%- - - Reimbursement From Infrastructure Fund 16,000 - - - - 16,000 16,000 100%24,000 16,000 - Reimbursement From Water Fund 5,336 - - - - 5,336 5,320 100%8,000 5,336 - Adjusted Revenues Over (Under) Expenditures 21,336$ (194,626)$ (33,350)$ (5,000)$ 115,306$ (96,334)$ 36,985$ (106,360)$ 175,318$ (271,652)$ *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 August 31, 2018 8/31/18 8/31/18 821 822 823 8/31/18 YTD % of 2018 8/31/17 Difference B&T Poolside Golf YTD Amended Amended Adopted YTD Prior Clubhouse Café Clubhouse Total Budget Budget Budget Total Year Revenues: Memberships -$ -$ -$ -$ -$ 0%-$ 2,400$ -$ Food Sales - 34,368 89,483 123,851 105,745 117%145,500 138,162 (14,311) Beverage Sales - 18,246 165,716 183,962 177,115 104%236,000 207,862 (23,900) Other Revenue 135,779 - - 135,779 120,500 113%187,500 115,231 20,548 Total Revenue 135,779$ 52,614$ 255,199$ 443,592$ 403,360$ 110%569,000$ 463,655$ (17,663)$ Expenditures: Personnel 76,076$ 23,102$ 79,537$ 178,715$ 136,710$ 131%199,505$ 160,945$ 17,770$ Materials & Supplies 9,372 15,731 105,148 130,251 141,035 92%182,150 164,058 (33,807) Operational & Contractual 59,447 752 3,826 64,025 75,555 85%133,325 64,260 (235) Capital 9,988 - - 9,988 73,750 14%- 92,773 (82,785) Total Expenditures 154,883$ 39,585$ 188,511$ 382,979$ 427,050$ 90%514,980$ 482,036$ (99,057)$ Direct Revenues Over (Under) Expenditures (19,104)$ 13,029$ 66,688$ 60,613$ (23,690)$ -256%54,020$ (18,381)$ 78,994$ B&T Administration Overhead Allocation*(88,972)$ (7,118)$ -$ (96,090)$ (136,980)$ 70%(175,995)$ (114,564)$ 18,474$ Revenues Over (Under) Expenditures (108,076)$ 5,911$ 66,688$ (35,477)$ (160,670)$ 22%(121,975)$ (132,945)$ 97,468$ Transfer From General Fund -$ -$ -$ -$ -$ 0%-$ -$ -$ Adjusted Revenues Over (Under) Expenditures (108,076)$ 5,911$ 66,688$ (35,477)$ (160,670)$ (121,975)$ (132,945)$ 97,468$ *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 August 31, 2018 8/31/18 8/31/18 831 832 833 834 8/31/18 YTD % of 2018 8/31/17 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 204,050$ -$ -$ -$ 204,050$ 191,500$ 107%191,500$ 189,963$ 14,087$ Greens Fees 679,358 - - - 679,358 731,200 93%975,000 718,283 (38,925) Pro Shop Sales 154,554 - - - 154,554 150,890 102%200,000 143,288 11,266 Golf Lessons - 22,512 - - 22,512 39,000 58%40,000 36,977 (14,465) Driving Range Fees - 192,945 - - 192,945 210,500 92%235,000 207,846 (14,901) Rentals 2,505 70,000 254,256 - 326,761 289,275 113%451,000 277,380 49,381 Other Revenue 5,289 - - - 5,289 5,150 103%5,150 3,522 1,767 Total Revenue 1,045,756$ 285,457$ 254,256$ -$ 1,585,469$ 1,617,515$ 98%2,097,650$ 1,577,259$ 8,210$ Expenditures: Personnel 329,085$ 18,684$ 39,917$ 372,437$ 760,123$ 745,050$ 102%1,089,655$ 730,455$ 29,668$ Materials & Supplies 100,409 7,667 270 117,551 225,897 325,210 69%405,455 250,004 (24,107) Operational & Contractual 122,427 858 246 39,280 162,811 175,850 93%242,025 198,765 (35,954) Other - - 42,137 - 42,137 61,165 69%(100,475) - 42,137 Capital 24,765 - 40,922 29,992 95,679 175,910 54%185,910 54,694 40,985 Total Expenditures 576,686$ 27,209$ 123,492$ 559,260$ 1,286,647$ 1,483,185$ 87%1,822,570$ 1,233,918$ 52,729$ Direct Revenues Over (Under) Expenditures 469,070$ 258,248$ 130,764$ (559,260)$ 298,822$ 134,330$ 222%275,080$ 343,341$ (44,519)$ Transfer from General Fund -$ -$ -$ -$ -$ -$ 0%-$ -$ -$ Adjusted Revenues Over (Under) Expenditures 469,070$ 258,248$ 130,764$ (559,260)$ 298,822$ 134,330$ 275,080$ 343,341$ (44,519)$