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07 - July 2018 Monthly Financial ReportVILLAGE OAK BROOK OF MONTHLY FINANCIAL REPORTS JULY 2018 ITEM 6.F Total Cash and Cash Pooled Cash and Fund Equivalents Investments Investments % By Fund General Corporate $7,494,294 $12,090,310 $19,584,603 44.4% Hotel/Motel Tax 1,657,695 2,769,972 4,427,667 10.0% Motor Fuel Tax 383,443 306,077 689,519 1.6% Infrastructure 6,738,030 3,381,917 10,119,948 22.9% Promenade TIF 4,440 - 4,440 0.0% Water 4,163,677 1,439,465 5,603,143 12.7% Sports Core 569,455 - 569,455 1.3% Golf Surcharge 40,894 586,880 627,775 1.4% Self-Insurance 367,678 - 367,678 0.8% Garage 384,731 - 384,731 0.9% Equipment Replacement 737,262 1,011,107 1,748,369 4.0% Total $22,541,599 $21,585,728 $44,127,327 100.0% Change in Cash and Investments by Fund : Balance at Balance at Year-to-Date Year-to-Date Fund January 1, 2018 July 31, 2018 Change ($)Change (%) General Corporate $17,679,496 $19,584,603 $1,905,107 10.8% Hotel/Motel Tax 4,172,234 4,427,667 255,434 6.1% Motor Fuel Tax 574,460 689,519 115,059 20.0% Infrastructure 8,222,145 10,119,948 1,897,803 23.1% Promenade TIF 276,164 4,440 (271,724)-98.4% Water 5,693,109 5,603,143 (89,967)-1.6% Sports Core 472,473 569,455 96,981 20.5% Golf Surcharge 559,073 627,775 68,701 12.3% Self-Insurance 45,042 367,678 322,636 716.3% Garage 427,409 384,731 (42,679)-10.0% Equipment Replacement 1,805,752 1,748,369 (57,383)-3.2% $39,927,358 $44,127,327 $4,199,969 10.5% Book Market Value Value Pooled Checking $1,293,768 $1,293,768 Sports Core Checking 609,519 609,519 Pooled IPTIP 20,472,296 20,472,296 Water E-Pay IPTIP 166,016 166,016 $22,541,599 $22,541,599 Pooled Investments: Investments-Municipal Bonds $7,636,681 $7,509,762 Investments-Corporate Bonds 6,420,491 6,414,568 Government & Agency Obligations 710,410 680,892 Certificates of Deposit 6,720,000 6,655,645 Accrued Interest 98,146 98,146 Total Pooled Investments $21,585,728 $21,359,013 Total Cash and Investments $44,127,327 $43,900,612 For July, total interest revenue is $67,209 and YTD interest revenue is $413,875. Total investment yield for the portfolio is: Pooled Investments Illinois Funds Total Monthly yield 0.16%0.18%0.17% YTD yield 1.06%1.01%1.04% Last 12 months yield 1.73%1.45%1.60% The weighted average yield of the current pooled investment portfolio is 1.97%. Monthly Treasurer's Report July 31, 2018 Monthly Treasurer's Report July 2018 The table below lists the detail investment holdings at J.P. Morgan Securities as of 7/31/18: 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%$99,938 $99,567 $340 Rosemont IL GO Corp #777543UT4 02/08/16 12/1/2019 3.021%2.000%506,652 497,860 2,422 New York N Y City #64971QTX1 02/22/16 5/1/2021 2.350%2.000%201,856 196,242 1,161 Florida Hurricane #34074GDH4 03/30/16 7/1/2020 2.995%2.150%507,836 499,795 1,247 Bloomingdale Mich Pub Sch Dist #094383FS0 04/26/16 5/1/2022 2.710%2.150%510,016 488,685 3,349 Milan Mich Area Achs #598801JD1 05/26/16 5/1/2020 1.931%1.931%245,000 241,158 1,082 Indiana Bd Bk Rev Taxable #4546248F7 01/06/17 1/15/2020 2.934%1.900%258,745 255,543 346 Garland Cnty Ark Sales & Use #36609PAN3 02/06/17 11/1/2019 1.795%1.840%499,720 494,435 2,368 Anchor Bay Mich Sch Dist GO #032879TA6 02/13/17 5/1/2019 1.810%1.420%366,065 362,810 1,575 Macomb Cnty Mich Retirees #554885H63 04/11/17 11/1/2018 1.731%1.300%400,431 399,528 1,688 Lanse Creuse Mich Pub Schs #516228RL9 05/02/17 5/1/2020 2.159%2.159%100,000 98,902 537 California St GO Bonds #13063A7G3 05/08/17 10/1/2019 6.200%1.600%526,581 520,410 10,051 *Genesee Cnty Mich #371608UV0 05/31/17 10/1/2019 2.480%2.480%323,000 323,030 825 Connecticut St GO Bds 2016 #20772J3F7 06/15/17 8/15/2021 1.750%2.300%491,963 475,485 3,982 North Carolina Eastn Mun Pwr #65819WAL7 10/02/17 7/1/2019 2.578%1.700%504,000 499,585 931 Fowlerville Mich Comnty Schs #351280MS8 10/03/17 5/1/2020 2.045%1.750%502,544 493,375 2,386 Racine Cnty WI #749845UK7 12/20/17 12/1/2020 2.150%2.150%750,000 729,435 2,688 Wisconsin St Gen Fd Annual #977100CW4 01/05/18 5/1/2020 1.446%2.100%593,252 585,168 2,073 Illinois St G/O #452152HU8 04/03/18 3/1/2019 5.877%3.000%249,081 248,749 5,879 Total Municipal Bonds $7,636,681 $7,509,762 $44,928 Corporate Bonds: American Honda Finance Corp #02665WAC5 01/25/18 10/10/2018 2.125%1.809%$1,000,590 $999,440 $6,493 JP Morgan Securities #44640QKV2 02/01/18 10/29/2018 2.082%2.082%1,492,293 1,491,375 0 Wells Fargo #94974BFQ8 04/25/18 1/15/2019 2.150%2.330%1,388,844 1,387,317 1,245 Huntington National Bank #446438RG0 07/06/18 4/1/2019 2.200%2.541%698,413 697,683 5,091 Bank of America #06051GFD6 07/06/18 4/1/2019 2.650%2.509%750,701 750,060 6,183 KeyBank #49327M2N3 07/19/18 3/8/2019 2.350%2.490%844,284 843,673 7,833 Bank of America #06051GFD6 07/30/18 4/1/2019 2.650%2.420%245,366 245,020 2,164 Total Corporate Bonds $6,420,491 $6,414,568 $29,009 Government & Agency Obligations: **Government National Mtg Assn #38379UEM4 02/29/16 2/16/2051 2.300%2.245%$710,410 $680,892 $1,994 Total Government & Agency Obligations:$710,410 $680,892 $1,994 Certificates of Deposit: Capital One Natl Assn VA #14042E5Z9 08/26/15 8/27/2018 1.750%1.750%$245,000 $244,978 $2,260 Ally Bk Midvale Utah #02006LVC4 10/29/15 10/29/2018 1.600%1.600%245,000 244,824 985 Bank Hope Los Angeles #062683AB3 08/26/16 8/27/2018 1.000%1.000%245,000 244,838 31 Wells Fargo Bank Natl Assn #949763AL0 08/31/16 8/31/2018 1.100%1.100%245,000 244,814 12 BMW Bank #05580AFG4 09/23/16 9/24/2018 1.100%1.100%245,000 244,642 962 Comenity Cap Bank #20033ASB3 09/26/16 9/26/2018 1.100%1.100%245,000 244,635 38 Enerbank #29266N4E4 10/21/16 10/22/2018 1.100%1.100%245,000 244,517 752 Discover Bank #254672L71 10/26/16 10/26/2018 1.200%1.200%245,000 244,385 780 State Bk India NY #8562846A7 01/26/17 1/26/2022 2.250%2.250%245,000 238,417 99 Marlin Business Bk #57116ANU8 05/10/17 11/12/2019 1.600%1.600%245,000 242,180 227 American Express Fed Svgs #02587CER7 05/10/17 11/12/2019 1.700%1.700%245,000 242,356 937 Synchrony Bank #87164WRA8 05/26/17 5/28/2019 1.650%1.650%245,000 243,785 708 Umpqua Bank #90421MAG8 05/31/17 5/31/2019 1.600%1.600%245,000 243,662 664 Stone Bk Mtn View Ark #86158RAJ8 06/28/17 6/28/2019 1.600%1.600%245,000 243,403 26 TIAA FSB Jacksonville #87270LAA1 07/19/17 7/19/2019 1.600%1.600%245,000 243,180 131 Peoples United Bank #71270QQZ2 07/19/17 7/19/2019 1.650%1.650%245,000 243,297 135 Priority Bank Ozark Ark #74269KBR6 07/26/17 7/26/2019 1.600%1.600%245,000 243,114 55 American Express Centurion #02587DV96 08/15/17 8/17/2020 1.900%1.900%245,000 239,904 2,114 Sallie Mae #795450C86 08/16/17 8/17/2020 1.900%1.900%245,000 240,622 2,114 Merrick Bank South Jordan #59013JZS1 08/21/17 8/21/2020 1.800%1.800%245,000 240,076 130 Pinnacle Bank #72345SFS5 08/30/17 8/31/2020 1.800%1.800%115,000 112,645 9 Jackson County Bank #466682AP6 08/31/17 3/1/2021 1.850%1.850%245,000 238,564 1,907 Barclays Bank #06740KKX4 09/27/17 9/28/2020 1.950%1.950%245,000 240,517 1,652 Capital One Bank #1404205E6 10/04/17 10/4/2019 1.700%1.700%245,000 242,815 1,348 Transportation Alliance #89388CCB2 10/13/17 4/12/2019 1.600%1.600%235,000 234,084 185 Goldman Sachs Bank #38148PRK5 10/18/17 10/19/2020 1.950%1.950%245,000 240,340 1,360 FirstBank PR Santurce #33767A6M8 11/03/17 11/3/2020 2.000%2.000%245,000 240,470 372 Morgan Stanley #61747MQ53 03/22/18 3/23/2020 2.550%2.550%245,000 244,584 2,221 Total Certificates of Deposits $6,720,000 $6,655,645 $22,215 Total J.P.Morgan Securities $21,487,582 $21,260,867 $98,146 *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 July 31, 2018 Cash & Investments by Fund - Total $44.1 million Cash & Investments by Type - Total $44.1 million Checking Illinois Funds Certificates of Deposit Municipal Bonds Corporate Bonds Government & Agency Obligations Accrued Interest General Corporate 44.38% Hotel/Motel Tax 10.03%Motor Fuel Tax 1.56% Infrastructure 22.93% Promenade TIF 0.01% Water 12.70% Sports Core 1.29% Golf Surcharge 1.42% Self-Insurance 0.83%Garage 0.87% Equipment Replacement 3.96% Checking, $1.9 Illinois Funds, $20.6 Certificates of Deposit, $6.7 Municipal Bonds, $7.6 Corporate Bonds, $6.4 Government & Agency Obligations, $0.8 Accrued Interest, $0.1 in millions Village of Oak Brook Monthly Financial Report – Fund Narrative For the Period Ending July 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  Total revenues through July 2018 are $1,252,169 higher than last year and $1,613,428 over budget. o Sales tax revenue, the General Fund’s largest revenue source, is down $118,634 from last year and $47,166 under budget. This is due to the closure of two large taxpayers in late 2017. o Other intergovernmental tax revenue is down $54,307 from last year, but $56,347 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. o Telecommunications/utility tax revenue is up $103,441 from last year and $228,922 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 $1,049,832 from last year and $1,185,835 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 July 2018 are $743,365 higher than last year, but $1,877,334 under budget. o Personnel expenditures are up $414,586 from last year, but $796,896 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 and ongoing union contract negotiations. o Operation and contract expenditures are down $330,897 from last year and $452,433 under budget. This is due to a reduction in liability insurance payments and general timing of payments. o Capital outlay expenditures are up $628,620 from last year, but $507,349 under budget. This is due to the general timing of projects scheduled, including the Police Department expansion. Hotel Tax Fund  Total revenues through July 2018 are $59,075 higher than last year and $36,688 over budget. o Hotel tax revenue is up $51,054 from last year and $8,426 over budget. This is due to an additional hotel in 2018 as Hyatt House opened in late 2017. o Interest income revenue is up $16,375 from last year and $25,285 over budget. This is due to favorable market conditions and rising interest rates.  Total expenditures through July 2018 are $396,296 lower than last year and $334,442 under budget. o Operation and contract expenditures are down $51,812 from last year and $179,617 under budget. Expenditures are down due to the timing of advertising expenditures paid. Payments are still to come later in FY2018. o Capital Outlay expenditures are down $348,068 from last year and $154,825 under budget. This is due to the timing of projects being completed. Motor Fuel Tax Fund  Total revenues through July 2018 are up $375 from last year, but $244 under budget. Motor Fuel Tax receipts are slightly under budget, but are offset by increases in interest income.  Total expenditures through July 2018 are up $7,790 from last year, but $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  Total revenues through July 2018 are down $83,239 from last year, but $63,180 over budget. o Non-home rule sales tax revenue is down $129,157 from last year and $2,875 under 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 $52,076 from last year and $66,231 over budget. This is due to favorable market conditions and rising interest rates.  Total expenditures through July 2018 are down $227,970 from last year and $3,017,611 under budget. o Personnel expenditures are up $2,684 from last year, but $82,942 under budget. Personnel is under budget due to employee turnover and ongoing union contract negotiations. o Operation and contract expenditures are down $191,491 from last year and $365,700 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 $57,388 from last year and $2,531,773 under budget. This is due to the timing of roadway improvement projects. Promenade TIF Fund  Total revenues through July 2018 are down $6,320 from last year and $5,301 under budget. This is due to a decrease in real estate tax revenue from last year.  Total expenditures through July 2018 are up $35,148 from last year and $29,363 over budget. The increase relates to additional principal paid towards the TIF note. Water Fund  Total revenues through July 2018 are up $159,981 from last year and $106,045 over budget. o Water sales revenue is up $132,237 from last year, but $35,481 under budget. The increase from last year is due to a 7% rate increase effective 1/1/18. Water gallons sold has also been less than projected so far this year causing sales to be under budget.  Total expenditures through July 2018 are up $1,266,248 from last year, but $1,860,066 under budget. o Operation and contract expenditures are up $17,475 from last year, but $1,438,140 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 $1,287,429 from last year, but $359,052 under budget. The increase relates to the start of the Village-wide water meter replacement project. Sports Core Fund  Total revenues through July 2018 are down $145,901 from last year and $88,739 under budget. o Memberships are up $19,981 from last year and $249 over budget. Memberships from both B&T and Golf are up in 2018 compared to last year. o Greens Fees are down $40,671 from last year and $43,095 under budget. Rounds played are down in 2018 due to unfavorable weather conditions. o Rentals are up $48,613 from last year and $36,915 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 $126,461 from last year and $72,764 under budget. This is due to the timing of soccer field rental payments and the reclassification of driving range rental fees.  Total expenditures through July 2018 are down $14,282 from last year and $300,870 under budget. o Personnel expenditures are down $4,675 from last year and $15,275 under budget. This is due to a reorganization and outsourcing of the Bath and Tennis administration. o Materials & Supplies expenditures are down $110,153 from last year and $158,435 under budget. This is due to the timing of golf course maintenance supplies purchases. o Operation and Contractual expenditures are up $112,005 from last year and $144,270 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 $44,507 from last year and $214,673 under budget. Expenses are under budget due to the general timing or cancellation of budgeted projects. Golf Surcharge Fund  Total revenues through July 2018 are down $4,265 from last year, but $329 over budget. Golf surcharge revenue is down through July compared to last year due to inconsistent weather, but offset by increases in interest income revenue.  No golf surcharge funds have been transferred or expended in 2018 so far. Self Insurance Fund  Total revenues through July 2018 are down $3,289 from last year and $47,433 under budget. This is due retirees moving to a new insurance plan in FY18.  Total expenditures through July 2018 are down $456,616 from last year and $329,251 under budget. This is due to the timing of invoices paid. Garage Fund  Total revenues through July 2018 are down $75,551 from last year, but $3,580 over budget. This is due to a budgeted reduction in maintenance charges to use available net position reserves.  Total expenditures through July 2018 are down $11,784 from last year and $85,573 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 July 2018 are down $247,771 from last year, but $31,081 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.  Total expenditures through July 2018 are down $1,823 from last year and $144,959 under budget. This is due to the timing of scheduled vehicle replacements. YTD YTD Net Fund Budgeted YTD YTD Increase Increase Governmental Funds Revenues Expenditures (Decrease)(Decrease) General Fund (Major Fund)15,654,575 $13,596,159 $2,058,416 $1,091,987 Main operating fund of the Village. Hotel Fund (Major Fund)$773,188 $324,768 $448,420 $77,290 Collects and spends resources from the 3% hotel/motel tax. Motor Fuel Tax Fund $122,849 $7,790 $115,059 ($227,395) Collects and spends resources from the State motor fuel tax. Infrastructure Fund (Major Fund)$3,429,783 $1,472,384 $1,957,399 ($781,175) Accounts for construction and maintenance of roadways, drainage, and safety path systems. Promenade TIF Fund (Major Fund)$221,499 $493,223 ($271,724)($237,060) 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)$5,319,155 $4,535,014 $784,141 ($1,181,970) Collects user fees for the distribution of water and maintenance of infrastructure. Sports Core Fund (Major Fund)$2,215,280 $1,999,680 $215,600 $3,455 Accounts for revenues and expenses relating to administration, programs, food and beverage operations, and golf course. Golf Surcharge Fund $68,701 $0 $68,701 $69,030 Accounts for the collection of the $3 per round golf surcharge. Internal Service Funds Self Insurance Fund $1,815,837 $1,592,199 $223,638 ($58,180) Accounts for the Village's health insurance costs and the related contributions from the Village, employees, retirees, and other agencies. Garage Fund $360,980 $370,777 ($9,797)($98,950) Accounts for the maintenance of the Village's vehicle fleet and the related departmental reimbursements. Equipment Replacement Fund $266,106 $258,966 $7,140 ($168,900) Accounts for the replacement of the Village's vehicle fleet and the related departmental contributions. Further information on the Village's major funds (as indicated above) can be found on the proceeding pages. Executive Summary on Village Funds Through July 31, 2018 7/31/18 7/31/18 7/31/17 7/31/18 YTD % of 2018 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Sales Tax 7,238,468$ 7,119,834$ 7,167,000$ 99%12,453,000$ (118,634)$ Other Intergovernmental Tax 891,854 837,547 781,200 107%1,144,700 (54,307) Telecommunications/Utility Tax 3,516,166 3,619,607 3,390,685 107%5,792,250 103,441 Licenses and Permits 1,460,543 2,510,375 1,324,540 190%1,784,070 1,049,832 Charges for Services 529,596 604,499 584,715 103%1,017,100 74,903 Fines and Penalties 89,308 105,725 87,760 120%150,500 16,417 Administrative Towing Fees 25,875 18,325 20,405 90%35,000 (7,550) Interest on Investments 121,875 190,645 113,750 168%195,000 68,770 Franchise/IMF Maint. Fee 59,149 59,331 107,500 55%215,000 182 Miscellaneous Income 102,625 221,740 96,645 229%180,750 119,115 Total Operating Revenues 14,035,459$ 15,287,628$ 13,674,200$ 112%22,967,370$ 1,252,169$ OPERATING EXPENDITURES Personnel 9,184,523$ 9,599,109$ 10,396,005$ 92%17,953,350$ 414,586$ Materials and Supplies 224,899 254,698 338,515 75%532,820 29,799 Operation and Contract 2,530,344 2,199,447 2,651,880 83%4,278,675 (330,897) Other Expenditures 79,744 81,001 117,840 69%388,815 1,257 Capital Outlay 833,284 1,461,904 1,969,253 74%2,997,840 628,620 Total Operating Expenditures 12,852,794$ 13,596,159$ 15,473,493$ 88%26,151,500$ 743,365$ SURPLUS (DEFICIT) OF REVENUES OVER EXPENDITURES 1,182,665$ 1,691,469$ (1,799,293)$ (3,184,130)$ 508,804$ OTHER TRANSACTIONS Transfers Out -$ -$ -$ 0%-$ -$ Interfund Loan - - - 0%- - Reimbursements From Other Funds 360,094 366,947 416,115 88%713,360 6,853 Installment Contract Proceeds - - 2,475,165 0%2,475,165 - Total Interfund Transactions 360,094$ 366,947$ 2,891,280$ 0%3,188,525$ 6,853$ NET FUND INCREASE (DECREASE)1,542,759$ 2,058,416$ 1,091,987$ 4,395$ 515,657$ Village of Oak Brook General Fund Financial Update For the Period Ending July 31, 2018 Total Total Revenues Expenditures 7/31/18 Actual 15,287,628$ 13,596,159$ 7/31/17 Actual 14,035,459$ 12,852,794$ % Change From Last Year 8.9%5.8% Major Revenues Other Intergov.Licenses &Charges for Sales Tax Tax Telecom Tax Permits Services 7/31/18 Actual 7,119,834$ 837,547$ 3,619,607$ 2,510,375$ 604,499$ 7/31/17 Actual $ 7,238,468 $ 891,854 $ 3,516,166 $ 1,460,543 $ 529,596 % Change From Last Year -1.6%-6.1%2.9%71.9%14.1% Five Year Trend Major Expenditures Materials &Operation &Other Personnel Supplies Contractual Expenditures Capital Outlay 7/31/18 Actual 9,599,109$ 254,698$ 2,199,447$ 81,001$ 1,461,904$ 7/31/17 Actual 9,184,523$ 224,899$ 2,530,344$ 79,744$ 833,284$ % Change From Last Year 4.5%13.2%-13.1%1.6%75.4% Five Year Trend Expenditures by Department 7/31/17 7/31/18 7/31/18 7/31/18 2018 Difference Five YTD YTD YTD % of Annual Prior Year Department Actual Actual Budget Budget Budget Year Trend Legislative & General Management 1,576,607$ 1,255,310$ 1,580,445$ 79.4%2,673,305$ (321,297)$ Financial Services 481,839 493,663 554,435 89.0%1,117,875 11,824 Public Works 396,341 359,999 558,215 64.5%993,820 (36,342) Engineering & Capital Projects 591,308 1,367,781 1,706,423 80.2%2,732,665 776,473 Library 530,267 491,308 526,315 93.3%889,845 (38,959) Police 4,690,051 4,910,350 5,151,555 95.3%8,705,350 220,299 Fire 4,029,830 4,182,849 4,816,635 86.8%8,043,215 153,019 Development Services 556,551 534,899 579,470 92.3%995,425 (21,652) Total Expenditures 12,852,794$ 13,596,159$ 15,473,493$ 87.9%26,151,500$ 743,365$ Five Year Trend For the Period Ending July 31, 2018 General Fund - Five Year Trend Village of Oak Brook Revenues Expenditures 7/31/18 7/31/18 7/31/17 7/31/18 YTD % of 2018 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Hotel Tax 676,372$ 727,426$ 719,000$ 101%1,340,000$ 51,054$ Interest 26,410 42,785 17,500 244%30,000 16,375 Miscellaneous 11,331 2,977 - N/A - (8,354) Total Operating Revenues 714,113$ 773,188$ 736,500$ 105%1,370,000$ 59,075$ EXPENDITURES Operation and Contract 260,010$ 208,198$ 387,815$ 54%646,515$ (51,812)$ Other Expenditures 54,481 58,065 58,065 100%99,550 3,584 Capital Outlay 406,573 58,505 213,330 27%640,000 (348,068) Total Expenditures 721,064$ 324,768$ 659,210$ 49.3%1,386,065$ (396,296)$ NET FUND INCREASE (DECREASE)(6,951)$ 448,420$ 77,290$ (16,065)$ 455,371$ Note - Expenditures are recorded in program 171. Village of Oak Brook Hotel Tax Fund Financial Update For the Period Ending July 31, 2018 Total Total Revenues Expenditures 7/31/18 Actual $ 773,188 324,768$ 7/31/17 Actual $ 714,113 721,064$ % Change From Last Year 8.3%-55.0% Major Revenues Grants Hotel Tax Interest Miscellaneous 7/31/18 Actual $ - $ 727,426 $ 42,785 $ 2,977 7/31/17 Actual $ - $ 676,372 $ 26,410 $ 11,331 % Change From Last Year 0.0%7.5%62.0%-73.7% Five Year Trend Major Expenditures Operation &Other Contractual Expenditures Capital Outlay 7/31/18 Actual 208,198$ 58,065$ 58,505$ 7/31/17 Actual 260,010$ 54,481$ 406,573$ % Change From Last Year -19.9%6.6%-85.6% Five Year Trend Village of Oak Brook Hotel Tax Fund - Major Sources Five Year Trend For the Period Ending July 31, 2018 Five Year Trend Revenues Expenditures 7/31/18 7/31/18 7/31/17 7/31/18 YTD % of 2018 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Sales Tax 3,352,032$ 3,222,875$ 3,225,750$ 100%5,563,000$ (129,157)$ Grants 3,142 - - 0%- (3,142) Interest 38,655 90,731 24,500 370%42,000 52,076 Miscellaneous 5,745 2,729 2,905 94%5,000 (3,016) Total Operating Revenues 3,399,574$ 3,316,335$ 3,253,155$ 102%5,610,000$ (83,239)$ OPERATING EXPENDITURES Personnel 697,929$ 700,613$ 783,555$ 89%1,365,445$ 2,684$ Materials and Supplies 69,315 86,161 123,350 70%182,955 16,846 Operation and Contract 729,941 538,450 904,150 60%1,484,755 (191,491) Other Expenditures 94,794 96,173 96,180 100%164,865 1,379 Capital Outlay 108,375 50,987 2,582,760 2%5,625,620 (57,388) Total Operating Expenditures 1,700,354$ 1,472,384$ 4,489,995$ 33%8,823,640$ (227,970)$ SURPLUS (DEFICIT) OF REVENUES OVER EXPENDITURES 1,699,220$ 1,843,951$ (1,236,840)$ -149%(3,213,640)$ 144,731$ INTERFUND TRANSACTIONS Transfers In -$ 7,790$ 350,000$ 2%500,000$ 7,790$ Reimbursements From Other Funds 103,040 105,658 105,665 100%181,130 2,618 Total Interfund Transactions 103,040$ 113,448$ 455,665$ 25%681,130$ 10,408$ NET FUND INCREASE (DECREASE)1,802,260$ 1,957,399$ (781,175)$ (2,532,510)$ 155,139$ Village of Oak Brook Infrastructure Fund Financial Update For the Period Ending July 31, 2018 Total Total Revenues Expenditures 7/31/18 Actual $ 3,316,335 1,472,384$ 7/31/17 Actual $ 3,399,574 1,700,354$ % Change From Last Year -2.4%-13.4% Major Revenues Sales Tax Grants Interest Miscellaneous Reimbursements 7/31/18 Actual $ 3,222,875 $ - $ 90,731 $ 2,729 $ 105,658 7/31/17 Actual $ 3,352,032 $ 3,142 $ 38,655 $ 5,745 $ 103,040 % Change From Last Year -3.9%-100.0%134.7%-52.5%2.5% Five Year Trend Major Expenditures Materials &Operation &Other Personnel Supplies Contractual Expenditures Capital Outlay 7/31/18 Actual 700,613$ 86,161$ 538,450$ 96,173$ 50,987$ 7/31/17 Actual 697,929$ 69,315$ 729,941$ 94,794$ 108,375$ % Change From Last Year 0.4%24.3%-26.2%1.5%-53.0% Five Year Trend Expenditures by Department 7/31/17 7/31/18 7/31/18 7/31/18 2018 Difference Five YTD YTD YTD % of Annual Prior Year Actual Actual Budget Budget Budget Year Trend Legislative & General Management 89,969$ 81,495$ 103,695$ 78.6%178,530$ (8,474)$ Public Works 1,349,541 1,173,053 1,562,840 75.1%2,592,335 (176,488) Engineering & Capital Projects 260,844 217,836 2,823,460 7.7%6,052,775 (43,008) Total Expenditures 1,700,354$ 1,472,384$ 4,489,995$ 32.8%8,823,640$ (227,970)$ Five Year Trend Village of Oak Brook Infrastructure Fund - Major Sources Five Year Trend For the Period Ending July 31, 2018 Revenues Expenditures 7/31/18 7/31/18 7/31/17 7/31/18 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 233 768 150 512%250 535 Total Operating Revenues 227,819$ 221,499$ 226,800$ 98%487,750$ (6,320)$ EXPENDITURES Operation and Contract 3,695$ 3,403$ 4,040$ 84%4,090$ (292)$ Other Expenditures 454,380 489,820 459,820 107%459,820 35,440 Total Expenditures 458,075$ 493,223$ 463,860$ 106%463,910$ 35,148$ NET FUND INCREASE (DECREASE)(230,256)$ (271,724)$ (237,060)$ 23,840$ (41,468)$ Note - Expenditures are recorded in program 283. Village of Oak Brook Promenade TIF Fund Financial Update For the Period Ending July 31, 2018 Total Total Revenues Expenditures 7/31/18 Actual $ 221,499 493,223$ 7/31/17 Actual $ 227,819 458,075$ % Change From Last Year -2.8%7.7% Major Revenues Real Estate Sales Tax Tax Interest 7/31/18 Actual $ 34,169 $ 186,562 $ 768 7/31/17 Actual $ 35,077 $ 192,509 $ 233 % Change From Last Year -2.6%-3.1%229.6% Five Year Trend Major Expenditures Operation &Other Contractual Expenditures 7/31/18 Actual 3,403$ 489,820$ 7/31/17 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 July 31, 2018 Five Year Trend Revenues Expenditures 7/31/18 7/31/18 7/31/17 7/31/18 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 1,264 600 1,155 52%2,000 (664) Building/Inspection Fees 5,314 5,063 2,905 174%5,000 (251) Water Sales 4,927,282 5,059,519 5,095,000 99%9,730,425 132,237 Unmetered Sales 11,155 21,736 17,500 124%30,000 10,581 Water Connection Fees 128,570 109,284 29,050 376%50,000 (19,286) Fire Service Charge - - 2,905 0%5,000 - Meter Charges 14,246 8,334 14,595 57%25,000 (5,912) Special Services 15,286 16,394 15,000 109%30,000 1,108 Interest on Investments 18,157 52,031 5,845 890%10,000 33,874 Miscellaneous 34,514 46,194 29,155 158%50,000 11,680 Total Operating Revenues 5,159,174$ 5,319,155$ 5,213,110$ 102%9,937,425$ 159,981$ EXPENDITURES Personnel 469,521$ 422,892$ 473,275$ 89%817,490$ (46,629)$ Materials and Supplies 28,617 34,511 46,995 73%76,860 5,894 Operation and Contract 2,500,230 2,517,705 3,955,845 64%6,780,015 17,475 Other Expenditures 234,269 236,348 236,355 100%405,170 2,079 Capital Outlay 36,129 1,323,558 1,682,610 79%2,710,220 1,287,429 Total Expenditures 3,268,766$ 4,535,014$ 6,395,080$ 71%10,789,755$ 1,266,248$ NET FUND INCREASE (DECREASE)1,890,408$ 784,141$ (1,181,970)$ (852,330)$ (1,106,267)$ Village of Oak Brook Water Fund Financial Update For the Period Ending July 31, 2018 Total Total Revenues Expenditures 7/31/18 Actual $ 5,319,155 4,535,014$ 7/31/17 Actual $ 5,159,174 3,268,766$ % Change From Last Year 3.1%38.7% Unmetered Water Water Sales Sales Connection Fees Meter Charges Miscellaneous 7/31/18 Actual $ 5,059,519 $ 21,736 $ 109,284 $ 8,334 $ 46,194 7/31/17 Actual $ 4,927,282 $ 11,155 $ 128,570 $ 14,246 $ 34,514 % Change From Last Year 2.7%94.9%-15.0%-41.5%33.8% Five Year Trend Materials &Operation &Other Personnel Supplies Contractual Expenditures Capital Outlay 7/31/18 Actual 422,892$ 34,511$ 2,517,705$ 236,348$ 1,323,558$ 7/31/17 Actual 469,521$ 28,617$ 2,500,230$ 234,269$ 36,129$ % Change From Last Year -9.9%20.6%0.7%0.9%3563.4% Five Year Trend Expenditures by Department 7/31/17 7/31/18 7/31/18 7/31/18 2018 Difference Five YTD YTD YTD % of Annual Prior Year Actual Actual Budget Budget Budget Year Trend Public Works 3,245,168$ 3,235,405$ 4,780,380$ 67.7%8,124,535$ (9,763)$ Engineering & Capital Projects 23,598 1,299,609 1,614,700 80.5%2,665,220 1,276,011 Total Expenditures 3,268,766$ 4,535,014$ 6,395,080$ 70.9%10,789,755$ 1,266,248$ Five Year Trend Village of Oak Brook Water Fund - Major Sources Five Year Trend For the Period Ending July 31, 2018 Revenues Expenditures Village of Oak Brook Monthly Operating Statement Sports Core Fund Consolidated Presentation For the Period Ending July 31, 2018 7/31/18 7/31/18 7/31/18 YTD % of 2018 7/31/17 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$ 433,175$ 100%414,875$ 413,443$ 19,981$ Greens Fees - - 512,105 512,105 555,200 92%975,000 552,776 (40,671) Pro Shop Sales - - 128,990 128,990 130,155 99%200,000 118,996 9,994 Golf Lessons - - 22,512 22,512 33,500 67%40,000 35,042 (12,530) Driving Range Fees - - 167,510 167,510 185,500 90%235,000 179,165 (11,655) Rentals - - 260,490 260,490 223,575 117%451,000 211,877 48,613 Programs/User Fees 145,736 - - 145,736 218,500 67%300,700 272,197 (126,461) Food Sales - 95,579 - 95,579 83,685 114%145,500 109,352 (13,773) Beverage Sales - 138,392 - 138,392 134,990 103%236,000 161,463 (23,071) Other Revenue 188,750 98,592 4,531 291,873 287,070 102%380,650 288,201 3,672 Total Direct Revenues 563,860$ 332,563$ 1,300,188$ 2,196,611$ 2,285,350$ 96%3,378,725$ 2,342,512$ (145,901)$ DIRECT EXPENDITURES Personnel 98,631$ 138,472$ 584,282$ 821,385$ 836,660$ 98%1,497,200$ 826,060$ (4,675)$ Materials & Supplies 16,362 90,085 152,743 259,190 417,625 62%615,885 369,343 (110,153) Operational & Contractual 546,693 57,261 141,116 745,070 600,800 124%961,510 633,065 112,005 Other - - 33,048 33,048 89,805 37%(44,275) - 33,048 Capital 71,955 9,988 59,044 140,987 355,660 40%365,660 185,494 (44,507) Total Direct Expenditures 733,641$ 295,806$ 970,233$ 1,999,680$ 2,300,550$ 87%3,395,980$ 2,013,962$ (14,282)$ Direct Revenues Over (Under) Expenditures (169,781)$ 36,757$ 329,955$ 196,931$ (15,200)$ -1296%(17,255)$ 328,550$ (131,619)$ B&T Administration Overhead Allocation*74,964$ (74,964)$ -$ -$ -$ 0%-$ -$ -$ Operating Revenues Over (Under) Expenditures (94,817)$ (38,207)$ 329,955$ 196,931$ (15,200)$ -1296%(17,255)$ 328,550$ (131,619)$ Interfund Loan**-$ -$ -$ -$ -$ 0%-$ -$ -$ Transfer From General Fund - - - - - 0%- - - Transfer From Infrastructure Fund 14,000 - - 14,000 14,000 100%24,000 14,000 - Transfer From Water Fund 4,669 - - 4,669 4,655 100%8,000 4,669 - Transfer From Golf Surcharge Fund - - - - - 0%- - - Adjusted Operating Revenues Over (Under) Expenditures (76,148)$ (38,207)$ 329,955$ 215,600$ 3,455$ 14,745$ 347,219$ (131,619)$ *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 7/31/18 Actual $ 2,196,611 1,999,680$ 7/31/17 Actual $ 2,342,512 2,013,962$ % Change From Last Year -6.2%-0.7% Driving Program/ Memberships Greens Fees Range Fees Rentals User Fees 7/31/18 Actual $ 433,424 $ 512,105 $ 167,510 $ 260,490 $ 145,736 7/31/17 Actual $ 413,443 $ 552,776 $ 179,165 $ 211,877 $ 272,197 % Change From Last Year 4.8%-7.4%-6.5%22.9%-46.5% Five Year Trend Materials &Operation &Other Personnel Supplies Contractual Expenditures Capital Outlay 7/31/18 Actual 821,385$ 259,190$ 745,070$ 33,048$ 140,987$ 7/31/17 Actual 826,060$ 369,343$ 633,065$ -$ 185,494$ % Change From Last Year -0.6%-29.8%17.7%N/A -24.0% Five Year Trend Revenues by Department 7/31/17 7/31/18 7/31/18 7/31/18 2018 Difference Five YTD YTD YTD % of Annual Prior Year Actual Actual Budget Budget Budget Year Trend B&T Recreation Programs 687,191$ 563,860$ 646,495$ 87.2%712,075$ (123,331)$ Food & Beverage 366,089 332,563 127,800 260.2%569,000 (31,126) Golf Club 1,289,232 1,300,188 567,997 228.9%2,097,650 10,956 Total Revenues 2,342,512$ 2,196,611$ 1,342,292$ 163.6%3,378,725$ (143,501)$ Expenditures by Department 7/31/17 7/31/18 7/31/18 % of 2018 Difference Five YTD YTD YTD % of Annual Prior Year Actual Actual Budget Budget Budget Year Trend B&T Recreation Programs 640,787$ 733,641$ 344,363$ 213.0%1,058,430$ 92,854$ Food & Beverage 377,943 295,806 281,968 104.9%514,980 (82,137) Golf Club 995,232 970,233 778,751 124.6%1,822,570 (24,999) Total Expenditures 2,013,962$ 1,999,680$ 1,405,082$ 142.3%3,395,980$ (14,282)$ Five Year Trend Village of Oak Brook Sports Core Fund - Major Sources Five Year Trend For the Period Ending July 31, 2018 Revenues Expenditures Village of Oak Brook Monthly Operating Statement Bath & Tennis Club Recreation Programs For the Period Ending July 31, 2018 7/31/18 7/31/18 7/31/18 YTD % of 2018 7/31/17 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$ 241,675$ 95%223,375$ 223,340$ 6,034$ Programs/User Fees (1,612) 18,778 22,070 - 106,500 145,736 218,500 67%300,700 272,197 (126,461) Other Revenue 283 2,521 279 - 185,667 188,750 188,120 100%188,000 191,654 (2,904) Total Revenue (1,329)$ 229,400$ 43,622$ -$ 292,167$ 563,860$ 648,295$ 87%712,075$ 687,191$ (123,331)$ Expenditures: Personnel 66,173$ 16,264$ 10,999$ -$ 5,195$ 98,631$ 120,535$ 82%208,040$ 137,777$ (39,146)$ Materials & Supplies 5,000 9,287 2,075 - - 16,362 20,175 81%28,280 31,836 (15,474) Operational & Contractual 46,897 272,725 30,499 10,000 186,572 546,693 376,845 145%586,160 411,557 135,136 Other - - - - - - 32,775 0%56,200 - - Capital 19,423 52,154 - - 378 71,955 179,750 40%179,750 59,617 12,338 Total Expenditures 137,493$ 350,430$ 43,573$ 10,000$ 192,145$ 733,641$ 730,080$ 100%1,058,430$ 640,787$ 92,854$ Direct Revenues Over (Under) Expenditures (138,822)$ (121,030)$ 49$ (10,000)$ 100,022$ (169,781)$ (81,785)$ 208%(346,355)$ 46,404$ (216,185)$ B&T Administration Overhead Allocation*138,822$ (49,976)$ (13,882)$ -$ -$ 74,964$ 110,920$ 68%207,995$ 111,541$ (36,577)$ Revenues Over (Under) Expenditures -$ (171,006)$ (13,833)$ (10,000)$ 100,022$ (94,817)$ 29,135$ -325%(138,360)$ 157,945$ (252,762)$ Interfund Loan**-$ -$ -$ -$ -$ -$ -$ 0%-$ -$ -$ Transfer From General Fund - - - - - - - 0%- - - Transfer From Infrastructure Fund 14,000 - - - - 14,000 14,000 100%24,000 14,000 - Transfer From Water Fund 4,669 - - - - 4,669 4,655 100%8,000 4,669 - Adjusted Revenues Over (Under) Expenditures 18,669$ (171,006)$ (13,833)$ (10,000)$ 100,022$ (76,148)$ 47,790$ (106,360)$ 176,614$ (252,762)$ *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 July 31, 2018 7/31/18 7/31/18 821 822 823 7/31/18 YTD % of 2018 7/31/17 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 - 27,592 67,987 95,579 83,685 114%145,500 109,352 (13,773) Beverage Sales - 14,928 123,464 138,392 134,990 103%236,000 161,463 (23,071) Other Revenue 98,592 - - 98,592 94,500 104%187,500 92,874 5,718 Total Revenue 98,592$ 42,520$ 191,451$ 332,563$ 313,175$ 106%569,000$ 366,089$ (31,126)$ Expenditures: Personnel 61,628$ 11,034$ 65,810$ 138,472$ 112,065$ 124%199,505$ 120,167$ 18,305$ Materials & Supplies 8,551 9,568 71,966 90,085 104,230 86%182,150 125,583 (35,498) Operational & Contractual 53,723 752 2,786 57,261 63,280 90%133,325 39,420 17,841 Capital 9,988 - - 9,988 - 0%- 92,773 (82,785) Total Expenditures 133,890$ 21,354$ 140,562$ 295,806$ 279,575$ 106%514,980$ 377,943$ (82,137)$ Direct Revenues Over (Under) Expenditures (35,298)$ 21,166$ 50,889$ 36,757$ 33,600$ 109%54,020$ (11,854)$ 48,611$ B&T Administration Overhead Allocation*(69,411)$ (5,553)$ -$ (74,964)$ (110,920)$ 68%(175,995)$ (111,541)$ 36,577$ Revenues Over (Under) Expenditures (104,709)$ 15,613$ 50,889$ (38,207)$ (77,320)$ 49%(121,975)$ (123,395)$ 85,188$ Transfer From General Fund -$ -$ -$ -$ -$ 0%-$ -$ -$ Adjusted Revenues Over (Under) Expenditures (104,709)$ 15,613$ 50,889$ (38,207)$ (77,320)$ (121,975)$ (123,395)$ 85,188$ *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 July 31, 2018 7/31/18 7/31/18 831 832 833 834 7/31/18 YTD % of 2018 7/31/17 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$ 187,703$ 16,347$ Greens Fees 512,105 - - - 512,105 555,200 92%975,000 552,776 (40,671) Pro Shop Sales 128,990 - - - 128,990 130,155 99%200,000 118,996 9,994 Golf Lessons - 22,512 - - 22,512 33,500 67%40,000 35,042 (12,530) Driving Range Fees - 167,510 - - 167,510 185,500 90%235,000 179,165 (11,655) Rentals 1,905 70,000 188,585 - 260,490 223,575 117%451,000 211,877 48,613 Other Revenue 4,531 - - - 4,531 4,450 102%5,150 3,673 858 Total Revenue 851,581$ 260,022$ 188,585$ -$ 1,300,188$ 1,323,880$ 98%2,097,650$ 1,289,232$ 10,956$ Expenditures: Personnel 266,725$ 13,325$ 27,004$ 277,228$ 584,282$ 604,060$ 97%1,089,655$ 568,116$ 16,166$ Materials & Supplies 68,245 7,667 243 76,588 152,743 293,220 52%405,455 211,924 (59,181) Operational & Contractual 109,333 858 246 30,679 141,116 160,675 88%242,025 182,088 (40,972) Other - - 33,048 - 33,048 57,030 58%(100,475) - 33,048 Capital 17,434 - 40,922 688 59,044 175,910 34%185,910 33,104 25,940 Total Expenditures 461,737$ 21,850$ 101,463$ 385,183$ 970,233$ 1,290,895$ 75%1,822,570$ 995,232$ (24,999)$ Direct Revenues Over (Under) Expenditures 389,844$ 238,172$ 87,122$ (385,183)$ 329,955$ 32,985$ 1000%275,080$ 294,000$ 35,955$ Transfer from General Fund -$ -$ -$ -$ -$ -$ 0%-$ -$ -$ Adjusted Revenues Over (Under) Expenditures 389,844$ 238,172$ 87,122$ (385,183)$ 329,955$ 32,985$ 275,080$ 294,000$ 35,955$