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Home My WebLink AboutCAP 2016-10-10 Item 2G - Budget Review - 2017-2018 Biennial Budget: Urban Renewal, General Government Improvement Fund and Fire Improvement FundCity of Tukwila Allan Ekberg, Mayor TO: Community Affairs and Parks Committee FROM: Derek Speck, Economic Development Administrator DATE: October 5, 2016 SUBJECT: Fund 302 Proposed Budget for 2017 -2018 ISSUE As provided for in the budget process approved by the Finance and Safety Committee, Council Committees are reviewing budget sections prior to review by the full Council. This memo provides a description of the proposed budget for Fund 302. BACKGROUND Until this year, the 302 Fund was called the "Facilities Fund" or "Facilities Replacement Fund" and it included expenditures related to general government building replacement and major enhancements. In the past years, the main expenditures in the 302 Fund were for development of a facilities plan, Tukwila Village, and the purchase and demolition of the motels on Tukwila International Boulevard. Due to the Public Safety Plan, the City has now created Fund 306 as the City Facilities fund to account for costs associated with major reconstruction of City facilities including the Public Works shops. Accordingly, Fund 302 has been renamed "Urban Renewal' and will continue to be used for tracking significant property transactions such as Tukwila Village, the motels, the Longacres Parcel, or other properties if they arise. DISCUSSION Tukwila Village: The proposed budget for Tukwila Village estimates $46,000 of expenditures through 2018 and revenues from selling the property of $3,483,000 in 2017 and $2,061,000 in 2018. The land sale revenue estimates for phases 1, 2 and 3 are based on the formula in the Disposition and Development Agreement. Land sale revenue from the Gregor House and Newporter site are based on a conservative estimates of $250,000 and $775,000, respectively. TIB Redevelopment (Motels): The proposed budget for the TIB Redevelopment (Motels) project estimates $50,000 of expenditures through 2018 and revenue of $2,250,000 from selling the property in 2018. RECOMMENDATION Staff recommends that the Community Affairs and Parks Committee forward this section of the budget on to the Committee of the Whole for review. If there are no recommended changes, staff request Council consensus to move this Fund budget forward to the final budget package in November. ATTACHMENTS Proposed Fund 302 budget for 2017 -2018 Proposed Capital Improvement Plan budget for Tukwila Village ( #90030222) Proposed Capital Improvement Plan budget for TIB Redevelopment/Motels ( #91330201) 63 DEPARTMENT: FUND: Urban Renewal FUND NUMBER: 302 RESPONSIBLE MANAGER: Bob Giberson POSITION: Director Description: The Urban Renewal fund has been established to provide future funding needs to encourage redevelopment in specific areas throughout the City. 2015 -2016 Accomplishments Sold property to the King County Library System for the new Tukwila library. Sold parcels C and E to Tukwila Village developer and construction began. Executed site use agreement with Tukwila Village developer. Completed purchase of four motels and smoke shop for the TIB redevelopment project. 2017 -2018 Outcome Goals Complete Tukwila Village. Determine future use for the TIB redevelopment site (motels). Determine future use for the former Newporter Motel property. 2017 -2018 Indicators of Success Complete construction of phase I and II of Tukwila Village. Council decision on development of the redevelopment project. Council decision on development of the Newporter Motel site. 65 Revenue and Expenditure Summary Urban Renewal W% 2014 2015 2016 2016 2017 2018 2016 -17 2017 -18 Actual Actual Projected Budget Budget Budget %Change %Change Operating Revenue Miscellaneous Revenue Investment Earnings $ 1,216 $ 868 $ 5,198 $ 3,602 $ 3,600 $ 3,600 -0.06% 0.00% Total Miscellaneous Revenue 1,216 868 5,198 3,602 3,600 3,600 -0.06% 0.00% Total Operating Revenue 1,216 868 5,198 3,602 3,600 3,600 -0.06% 0.00% Capital Project Revenue Sale of Tukwila Village /KC Library - 500,000 - - - - 0.00% 0.00% Sale of Tukwila Village /Phase 1 - 4,325,000 2,230,000 - 48.44% 0.00% Sale of Tukwila Village /Phase 2 - 1,003,000 0.00% 0.00% Sale of Tukwila Village /Phase 3 - - 1,286,000 0.00% 0.00% Sale of Longacres 1,600,000 - - 0.00% 0.00% Sale of Gregor House - 250,000 - 0.00% 0.00% Sale of Newporter - 775,000 0.00% 0.00% Sale of Motels 2,250,000 0.00% 0.00% Gain/Loss on Invest of Cap. Asset - - 0.00% 0.00% Interfund Loan 1,900,000 - 0.00% 0.00% Bond/Line of Credit 3,850,000 2,250,000 0.00% 0.00% Total Capital Project Revenue 5,750,000 2,750,000 - 5,925,000 3,483,000 4,311,000 41.22% 23.77% Transfers In - - - - - - 0.00% 0.00% Total Revenue 5,751,216 2,750,868 5,198 5,928,602 3,486,600 4,314,600 - 41.19% 23.75% Capital Projects Tukwila Village 15,571 14,538 25,907 75,000 35,000 11,000 - 53.33% - 68.57% City Facilities 138,024 14,534 117,295 2,250,000 - - 0.00% 0.00% TIB Redevelopment 3,663,770 1,968,703 680,835 15,000 25,000 25,000 66.67% 0.00% Total Capital Projects 3,817,365 1,997,775 824,037 2,340,000 60,000 36,000 - 97.44% - 40.00% Interfund Load Repayment 1,900,000 - - - - - 0.00% 0.00% Transfer to General Fund 1,000,000 500,000 - 2,075,000 1,800,000 6,050,000 - 13.25% 236.11% Total Expenses 6,717,365 2,497,775 824,037 4,415,000 1,860,000 6,086,000 - 57.87% 227.20% Beginning Fund Balance 1,902,602 936,453 1,189,546 1,873,602 370,706 1,997,306 - 80.21% 438.78% Change in Fund Balance (966,149) 253,093 (818,839) 1,513,602 1,626,600 (1,771,400) 7.47% - 208.90% Ending Fund Balance $ 936,453 $ 1,189,546 $ 370,706 $ 3,387,204 $ 1,997,306 $ 225,906 41.03% - 88.69% W% Expenditure Detail - Supplies, Services and Other Services include costs associated with the Public Safety Plan, consulting, and engineering. Capital includes the purchase of property and costs associated with urban renewal projects. Urban Renewal 67 2014 2015 2016 2016 2017 2018 Account Number Actual Actual Projected Budget Budget Budget 302.98.518.200.31.00 Supplies - Office & Operating $ 2,833 $ 436 $ $ $ $ 302.98.518.200.31.01 Supplies - Office & Operating 170 - 302.98.559.300.31.00 Supplies - Office & Operating - 3,925 302.98.594.180.31.00 Supplies - Office & Operating - - 118 Total Supplies 3,003 4,361 118 302.98.518.200.41.00 Prof Svcs - Feasibility study 155,689 116,249 - 302.98.518.200.43.00 Travel - Mileage, parking 11 - 302.98.518.200.44.00 Advertising - Bid ads 20 302.98.518.200.45.00 Rental - Services 10,832 302.98.518.200.47.00 Public Utilities - Tukwila Village 11,274 302.98.518.200.48.00 R &M - Tukwila Village 1,533 - - 302.98.518.200.49.00 Misc - Tukwila Village 985 3,222 (250) 302.98.559.300.41.00 Prof Svcs - Consulting, engineering - 200,621 - 302.98.559.300.44.00 Advertising - Bid ads 681 302.98.559.300.45.00 Rental - TIB redevelopment 7,583 302.98.559.300.47.00 Public Utilities - TIB redevelopment 2,155 302.98.559.300.47.21 Public Utilities - TIB redevelopment 3,437 302.98.559.300.47.22 Public Utilities -11B redevelopment 436 302.98.559.300.47.25 Public Utilities - TIB redevelopment 6,471 302.98.559.300.47.26 Public Utilities - TIB redevelopment 9,230 302.98.559.300.47.28 Public Utilities - 11B redevelopment 145 302.98.559.300.49.00 Misc - T1B redevelopment 4,890 - - - - 302.98.594.180.41.00 Prof Svcs - Consulting, engineering - 246,813 5,000 25,000 25,000 302.98.594.180.45.00 Rental - Rental ofequipment 1,530 - - 302.98.594.180.47.00 Public Utilities - Motels 69 8,500 302.98.594.180.47.21 Electricity - Motels 105 - 302.98.594.180.48.00 R &M - Motels - 1,500 302.98.594.180.49.00 Misc - Recording fees 692 - 302.98.594.190.47.22 Utilities - Gas 177 302.98.594.190.47.25 Utilities - Water /sewer 545 302.98.594.190.47.26 Utilities - Surface water - - 6,067 Total Services 180,344 355,121 255,748 15,000 25,000 25,000 302.98.594.180.61.00 Capital - Land 1,369,500 - - 35,000 11,000 302.98.594.590.61.00 Capital - Land - 620,500 - - 302.98.594.180.62.00 Capital - Buildings & Structures 2,200,500 - - 302.00.594.180.62.00 Capital - Buildings & Structures - - 75,000 302.98.594.190.65.00 Capital - Construction projects - 491,789 - 302.98.594.590.62.00 Capital - Buildings & Structures - 1,011,298 - - - - TotalOther 3,570,000 1,631,798 491,789 75,000 35,000 11,000 Total Supplies, Services and Other $ 3,753,347 $1,991,280 $ 747,655 $ 90,000 $ 60,000 $ 36,000 67 City of Tukwila CAPITAL IMPROVEMENT PROGRAM for 2017-2022 URBAN RENEWAL 302 Fund CIP **Other After Six Page art PROJECT TITLE 2017 2018 2019 2020 2021 2022 TOTAL Sources Years 46 Tukwila Village 35 11 0 0 0 0 46 5,544 0 47 TIB Redevelopment (Motels) 25 25 0 0 0 0 50 2,250 0 Grand Total 60 36 0 0 0 0 96 7,794 0 ** Denotes other funding sources, grants, or mitigation. Changes from 2015 to 2017 CIP: Changed 302 Fund from Facilities to Urban Renewal 2017 - 2022 Capita! Improvement Program 45 9/26/2016 CITY OF TUKWILA CAPITAL PROJECT SUMMARY 2017 to 2022 PROJECT: Tukwila Village Project No. 90030222 DESCRIPTION: The City owns 5.76 acres of property at Tukwila International Boulevard and South 144th Street that is intended for a mixed -use development including a library, plaza, police neighborhood resource center, and other amenities. JUSTIFICATION: The new development will help revitalize the neighborhood. STATUS: In 2012, the City signed a Disposition and Development Agreement with Tukwila Village Development Associates. Construction began in 2014 and will be completed in phases with the final phase in 2018. MAINT. IMPACT: COMMENT: Land sales reflect the Library in 2015, Phase 1, Phase 2 and the Gregor House in 2017, with Phase 3 and the Newporter site in 2018. FINANCIAL Through Estimated tin $000'-,1 2015 2016 2017 2018 2019 2020 2021 2022 BEYOND TOTAL EXPENSES Engineering 1,706 5 1,711 Land (R/W) 7,580 45 35 11 7,671 Construction 230 0 230 TOTAL EXPENSES 9,516 50 35 11 0 0 0 0 0 9,612 FUND SOURCES Awarded Grant 0 Proposed Grant 0 Land Sale 500 3,483 2,061 6,044 Bonds 5,550 5,550 City Oper. Revenue 3,466 50 (3,448) (2,050) 0 0 0 0 0 (1,982) TOTAL SOURCES 1 9,516 50 1 35 11 0 01 01 01 01 9,612 2017 - 2022 Capital Improvement Program 46 CITY OF TUKWILA CAPITAL PROJECT SUMMARY 2017 to 2022 PROJECT: TIB Redevelopment (Motels) Project No. 91330201 DESCRIPTION: Tukwila International Blvd (TIB) Redevelopment Project is for the acquisition and disposition of properties within and adjacent to the City's Urban Renewal Area. JUSTIFICATION: Improve the neighborhood's safety by eliminating the high amounts of crime associated with the motel properties. Traveler's Choice Motel, Boulevard Motel, Great Bear Motel and the Spruce Motel. STATUS: City has completed the purchase and demolition of the four motels and smoke shop. MAINT. IMPACT: Upkeep of property until development. COMMENT: Debt service costs are not shown (see Attachment A). FINANCIAL Through Estimated tin tonn'al 2015 2016 2017 2019 2019 2020 2021 2022 BEYOND TOTAL EXPENSES Engineering 353 105 25 25 508 Land (RMI) 5,205 5,205 Const. Mgmt. 2 100 102 Construction 710 710 "TOTAL EXPENSES 5,560 1 915 25 251 0 0 0 01 0 6,525 FUND SOURCES Awarded Grant 0 Land Sale 2,250 2,250 Bonds 6,100 6,100 City Oper. Revenue (540) 915 25 (2,225) 0 0 0 0 0 (1,825) TOTAL SOURCES 5,560 915 25 25 01 01 0 01 01 6,525 2017 - 2022 Capital Improvement Program ' 47 70 City of Tukwila Allan Ekberg, Mayor TO: Community Affairs and Parks Committee FROM: Peggy McCarthy, Finance Director BY: Vicky Carlsen, Deputy Finance Director DATE: October 5, 2016 SUBJECT: General Government Improvement Fund 2017-2018 Proposed Budget ISSUE As provided for in the budget process approved by the Finance and Safety Committee, Council Committees will be reviewing budget sections prior to review by the full Council. The General Government Improvement fund section of the budget is ready for review by the Community Affairs and Parks Committee. BACKGROUND The General Government Improvement fund is used for improvements, additions, or other miscellaneous minor capital projects not provided for elsewhere. Projects that benefit multiple departments or functions are given priority. DISCUSSION The proposed budget for the General Government Improvement fund are as follows: • A transfer in of $200 thousand each year is budgeted. This is consistent with the past several years. • No specific projects are planned for this fund; expenditures would be costs to complete any projects started but not finished in 2016 and repairs or improvements deemed necessary during the biennium. RECOMMENDATION Staff recommends that the Community Affairs and Parks Committee forward this section of the budget on to the Committee of the Whole for review. If there are no recommended changes, Council consensus will be requested to move this departmental budget forward to the final budget package in October. ATTACHMENTS Draft General Government Improvement fund 2017-2018 Proposed Budget Draft CIP 71 72 DEPARTMENT: N/A FUND: General Government Improvement FUND NUMBER: 303 RESPONSIBLE MANAGER: Bob Giberson POSITION: Director Description: The General Government Improvement fund is used for improvements, additions, or other miscellaneous minor capital projects not provided for elsewhere. Projects which benefit multiple departments or functions will be given priority. 2015-2016 Accomplishments ♦ Remodeled Fire Station #51 Emergency Operations. ♦ Installed as-built drawers and carpet at PW Engineering. ♦ Installed fire engine exhaust ducting at Fire Station #51 and Fire Station #54. ♦ Replaced water service line at 6300 building. 2017-2018 Outcome Goals ♦ Improve conditions of existing facilities. 73 Revenue and Expenditure Summary General Government Improvements 74 2014 2015 2016 2016 2017 2018 2016 -17 2017 -18 Actual Actual Projected Budget Budget Budget %Change %Change Operating Revenue Miscellaneous Revenue Investment Earnings $ 421 $ 502 $ 834 $ 500 $ 500 $ 500 0.00% 0.00% Total Miscellaneous Revenue 421 502 834 500 500 500 0.00% 0.00% Total Operating Revenue 421 502 834 500 500 500 0.00% 0.00% Transfers In 200,000 200,000 200,000 200,000 200,000 200,000 0.00% 0.00% Total Revenue 200,421 200,502 200,834 200,500 200,500 200,500 0.00% 0.00% Operating Expenses Salaries & Wages 32,957 47,753 18,298 101,487 105,085 107,187 3.55% 2.00% Personnel Benefits 10,986 15,917 6,100 29,153 35,709 37,406 22.49% 4.75% Total Operating Expenses 43,943 63,670 24,398 130,640 140,794 144,593 7.77% 2.70% Projects City Hall Campus Wayfinding 21,193 - - - - - 0.00% 0.00% Fire Marshall Office Remodel 114,795 52,666 0.00% 0.00% 6300 Conf. Room #5 Remodel 16,745 0.00% 0.00% 6300 Police Recarpet 33,077 44 - 0.00% 0.00% PW As -Built Drawers - 21,467 178 0.00% 0.00% Fire Station #51 Exhaust Ducting 39,361 - 0.00% 0.00% Council Chambers Amplifiers 21,058 - 0.00% 0.00% Fire Station #51 EOC Remodel 5,342 3,902 0.00% 0.00% Police Vehicle Evidence Storage - 39,566 0.00% 0.00% 6300 Water Service Replace. 45,375 0.00% 0.00% City Hall Siding /Roof Repairs 30,000 0.00% 0.00% TCC Siding /Roof Repairs 80,000 0.00% 0.00% City Hall Card Access /ADA 10,000 0.00% 0.00% TCC Concrete Repairs 25,000 - - - 0.00% 0.00% Misc projects 8,289 13,995 5,100 200,000 150,000 150,000 - 25.00% 0.00% Total Projects 194,099 153,933 239,121 200,000 150,000 150,000 - 25.00% 0.00% Total Expenses 238,042 217,603 263,519 330,640 290,794 294,593 - 12.05% 1.31% Beginning Fund Balance 451,755 414,133 397,033 379,950 334,348 244,054 - 12.00% - 27.01% Change in Fund Balance (37,622) (17,101) (62,685) (130,140) (90,294) (94,093) - 30.62% 4.21% Ending Fund Balance $ 414,133 $ 397,033 $ 334,348 $ 249,810 $ 244,054 $ 149,962 - 2.30% - 38.55% 74 Expenditure Detail -Salaries and Benefits Salaries are based on actual costs for existing positions and include a cost of living adjustment per contractual agreements. General Government Improvements Position Description 2016 FTE 2017 FTE 2017 Budgeted Salaries Benefits 2018 FTE 2018 Budgeted Salaries Benefits Project Manager 1 1 $ 105,085 $ 35,709 1 $ 107,187 $ 37,406 Department Total 1 1 $ 105,085 $ 35,709 1 $ 107,187 $ 37,406 Expenditure Detail - Supplies, Services and Other All budgeted expenditures in the 2017 -2018 biennium is anticipated to be capital project related. General Government knprovements 75 2014 2015 2016 2016 2017 2018 Account Number Actual Actual Projected Budget Budget Budget 303.98.518.200.31.00 Supplies - Office & Operating $ - $ 15,455 $ $ - $ $ - 303.98.518.300.31.00 Small Tools - Repair related 9,394 - - - 303.98.522.100.31.00 Supplies - Office & Operating - 357 - - 303.98.594.110.31.00 Supplies - Office & Operating 25 - - - 303.98.594.110.35.00 Supplies - Office & Operating 20,925 - - 303.98.594.180.31.00 Supplies - Office & Operating - 249 303.98.594.210.31.00 Supplies - Office & Operating 32 163 - 303.98.594.240.31.00 Small Tools - Capital project related 16,327 2,222 - Total Supplies 25,753 39,148 249 - 303.98.518.200.41.00 Prof Svcs - Consulting, etc 16,839 2,499 - - 303.98.518.200.48.00 R &M - PW drawer project - 3,513 - 303.98.518.300.41.00 Prof Svcs - Consulting, etc 22,201 1,750 - - - 303.98.518.300.48.00 R &M - Duwamish room modifications 1,874 - - - - - 303.98.522.100A8.00 R &M - EOC room modifications - 4,503 - - 303.98.594.180.41.00 Prof Svcs - General services - 17,000 20,000 20,000 20,000 303.98.594.180.48.00 R &M - Repair to various City facilities - 43,467 - - - 303.98.594.210.41.00 Prof Svcs - Police storage costs - 240 - - 303.98.594.240.41.00 Prof Svcs - Fire Marshall's office - 3,438 - - 30198.594.240.48.00 R &M - Fire Marshall's office - 240 - - - - Total Services 40,914 16,183 60,467 20,000 20,000 20,000 303.97.594.180.64.00 Capital - Howard Hanson Dam (19,022) - - - - - 303.98.521.500.65.00 Capital - Police carpet 8,596 - - - - 303.98.594.180.65.00 Capital - Various minor construction - - 144,611 180,000 130,000 130,000 303.98.594.210.65.00 Capital - Police carpet 23,086 6,461 - - - - 303.98.594.220.65.00 Capital - Fire Station exhaust system - 39,125 30198.594.240.65.00 Capital - Fire Marshall's office 84,284 43,373 - - - - 303.98.594.240.65.00 96,943 88,960 144,611 180,000 130,000 130,000 Total Supplies, Services and Other $ 163,610 $ 144,291 $ 205,328 $ 200,000 $150,000 $150,000 75 City of Tukwila CAPITAL IMPROVEMENT PROGRAM for 2017 -2022 GENERALIMPROVEMENTS 303 Fund CIP —Other After Six Page* PROJECT TITLE 2017 2018 2019 2020 2021 2022 TOTAL Sources Years 51 Facility Improvements 150 150 300 300 300 300 1,500 0 300 Grand Total 150 150 300 300 300 300 1,500 0 300 ** Denotes other funding sources, grants, or mitigation. Chanoes from 2015 to 2017 CIP: 2017 - 2022 Capital Improvement Program 49 76 , W812016 CITY OF TUKWILA CAPITAL PROJECT SUMMARY 2017 to 2022 PROJECT: Facility Improvements Project No. Various DESCRIPTION: Yearly improvements and required maintenance to City facilities that are located throughout the City. JUSTIFICATION: Maintenance of existing facilities and required updating and improvements. STATUS: Ongoing. MAINT.IMPACT: None. COMMENT: Ongoing project, only one year actuals are shown in first column. FINANCIAL Through Estimated rin Snnn'al 2015 2n16 2n17 2016 2019 2020 2021 2022 BEYOND TOTAL EXPENSES Engineering 95 20 20 20 50 50 50 50 50 405 Land (RAAO 0 Construction 123 180 130 130 250 250 250 250 250 1,813 TOTAL EXPENSES 218 200 150 150 300 300 300 300 300 2,218 FUND SOURCES Awarded Grant 0 Proposed Grant 0 Mitigation Actual 0 Mitigation Expected 0 City Oper. Revenue 218 200 150 150 300 300 300 300 300 2,218 TOTAL SOURCES 1 2181 2001 1501 1501 300 1 3001 300 1 3001 3001 2,218 20`17 - 2022 Capital Improvement Program 51 77 W City of Tukwila Allan Ekberg, Mayor INFORMATIONAL MEMORANDUM TO: Community Affairs and Parks Committee FROM: Peggy McCarthy, Finance Director BY: Vicky Carlsen, Deputy Finance Director DATE: October 5, 2016 SUBJECT: Fire Improvement Fund 2017-2018 Proposed Budget ISSUE As provided for in the budget process approved by the Finance and Safety Committee, Council Committees will be reviewing budget sections prior to review by the full Council. The Fire Improvement fund section of the budget is ready for review by the Community Affairs and Parks Committee. BACKGROUND This program provides fire department capital improvements and apparatus specific to the fire department through impact fees at a 90%/10% split. DISCUSSION The proposed budget for the Fire Improvement fund are as follows: Fire impact fees are budgeted at $32 thousand for 2017 and $50 thousand for 2018. This does not include the mitigation fees from the Tukwila South agreement. These are recorded in a new fund (305) for the Public Safety Plan. Since the Public Safety Plan includes funding to reconstruct 3 fire stations and replace apparatus and equipment for the next 20 years, there are no budgeted expenditures in this fund for the upcoming biennium. The fund retains a healthy fund balance through the biennium. RECOMMENDATION Staff recommends that the Community Affairs and Parks Committee forward this section of the budget on to the Committee of the Whole for review. If there are no recommended changes, Council consensus will be requested to move this departmental budget forward to the final budget package in October. ATTACHMENTS Draft Fire Improvement fund 2017-2018 Proposed Budget "W, :1 DEPARTMENT: N/A FUND: Fire Improvement FUND NUMBER: 304 RESPONSIBLE MANAGER: Jay Wittwer POSITION: Fire Chief Description: The program provides fire department capital improvements and apparatus through Fire Impact Fees at a 90% / 10% split. Impact fees are transferred to Public Safety fund to pay for improvements specific to the fire department. Revenue and Expenditure Summary Fire Improvement Fund i Actual Projected Budget 2016 -17 2017 -18 2014 2015 2016 2016 2017 2018 % Change % Change Operating Revenue Miscellaneous Revenue Investment Earnings $ 416 $ 528 $ 643 $ 100 $ 100 $ 100 0.00% 0.00% Total Miscellaneous Revenue 416 528 643 100 100 100 0.00% 0.00% Capital Project Revenue Fire Impact Fees 66,862 46,406 93,554 50,000 32,000 50,000 - 36.00% 56.25% Total Revenue 67,278 46,934 94,197 50,100 32,100 50,100 - 35,93% 56.07% Total Expenditures - - - - - - 0.00% 0.00% Beginning Fund Balance 437,222 504,500 551,434 500,100 645,631 677,731 29.10% 4.97% Change in Fund Balance 67,278 46,934 94,197 50,100 32,100 50,100 - 35.93% 56.07% Ending Fund Balance $ 504,500 $ 551,434 $ 645,631 $ 550,200 $ 677,731 $ 727,831 23.18% 7.39% i