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HomeMy WebLinkAboutReg 2014-08-18 Item 2B - Powerpoint Presentation Shown at Meeting - 2014 Second Quarter Financial Report2nd Quarter 2014 Financial Report City of Tukwila August 18, 2014 2nd Quarter 2014 Financial Report Fund Balances —City Wide CITY-WIDE FUND BALANCES CHANCE IN FUND LANCE ACTUAL 12/31/2013 6/30/2014 - -- ACTUAL - -- YTD - -- BUDGET - -. YTD YTD VARIANCE Gmernmental funds $ 22,864,400 $ 26,294,817 $ 2,430,417 $ (406,636) $ 2836,053 Enterprise funds 12,964,634 13,343,328 378,794 244,814 133,980 Internal service funds 9,616068 8,780,493 (834,565) (498,842) (336,723) City-wide Total $ 46,443,992 $ 47,418,638 $ 1,974,646 $ (669,664) $ 2,634,310 2nd Quarter 2014 Financial Report General Fund - Revenue Revenue Summary Q2 2013 %of Q2 2014 %of Over/(Under) General Fund Actual Annual Actual Annual Prior Year Sales and Use Taxes 8,217,705 Budget 8,135,233 Budget (82,472) Total Ongoing Revenue 26,100, 299 52.10% 26, 695, 388 53.26% 595,089 Sale of Bond Proceeds for MPD 1,021,526 0.00% - 0.00% (1,021,526) Transfers In 1,017,843 50.00% 1,044,589 50.10% 26,746 Total Revenue $ 28,139, 668 48.02% $ 27, 739, 977 49.18% $ (426, 437) Revenue Summary General Fund Q2 2013 Actual %of Annual Budget Q2 2014 Actual % of Annual Budget Over/(Under) prior Year Property Taxes $ 7,414,239 53.67% $ 7,483,743 52.25% $ 69,504 Sales and Use Taxes 8,217,705 53.71% 8,135,233 51.88% (82,472) Revenue Generating Regulatory Li( 1,662,246 94.99% 1,763,085 99.75% 100,839 Bus Licenses, Franchise Fees, PE 577,990 74.86% 632,398 81.07% 54,407 Building Permits and Fees 624,281 57.54% 585,540 51.77% (38,741) 2nd Quarter 2014 Financial Report General Fund - Expenditures TOTALS BY CATEGORY Q3 2012 %of Annual Q2 2013 %of Annual Overl(Under) Actual Budget Actual Budget Prior Year SALARIES AND BENEFITS SUPPLIES PROFESSIONAL SERVICES INTERGOVERNMENTAL CAPITAL EXPENDITURES $17,149,788 495,470 4,166,165 1,033,318 13,010 49.79% $17,362,840 37.43% 548,793 45.60% 4,190,639 50.64% 1,101,646 5.19% (118) 48.72% $ 213,052 41.57% 53,323 43.48% 24,474 49.33% 68,328 -0.06% (13,128) DEPARTMENTAL EXPENDITURES 22, 857, 751 47.69% 23, 203, 799 47.31% 346,048 TOTALS BY CATEGORY TRANSFERS OUT Q3 2012 %of Annual Q2 2013 %of Annual Overl(Under) Actual Budget Actual Budget Prior Year 3,106, 807 0.00% 4,236,890 50.07% 1,130, 083 2nd Quarter 2014 Financial Report Enterprise & Internal Service Revenues Expenses Water $2,581,160 34.77% $3,272,405 46.09% Sewer $4,137,413 62.25% $3,409,100 51.01% Foster Golf Course $951,700 46.61 % $872,525 48.69% Surface Water $2,121,353 29.95% $1,858,802 26.07% Equipment Replacement $1,218,732 42.95% $828,828 32.23% Self- Insurance $2,307,679 49.53% $3,156,153 58.74% LEOFF Insurance Fund $409 12.23% $376,403 68.06% 2nd Quarter 2014 Financial Report The City of Opportunity, The Community of Choice 2nd Quarter 2014 Financial Report