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Home My WebLink AboutCOW 2020-06-22 Item 4E - COVID-19 - Coronavirus Impact Report to Include April 2020 UpdateCOUNCIL AGENDA SYNOPSIS ---------------------------------- Initials Meeting Date Prepared b Ma ors review Council review 06/22/20 Vick ITEM INFORMATION ITEM NO. 4.E. STAFF SPONSOR: VICKY CARLSEN ORIGINALAGENDA DATE: 06/22/20 AGENDA ITEM TITLE April Financial Update including COVID related data CATEGORY ® Discussion Aftg Date 6/22/20 ❑ Motion g Date Aft ❑ Resolution All Date ❑ Ordinance All Date ❑ Bid Award g Date Aft ❑ Public Hearing All Date ❑Other Alt g Date SPONSOR ❑Council ❑Mayor ❑HR ❑DCD ®Finance ❑Fire ❑TS ❑P&R ❑Police ❑Ply ❑Court SPONSOR'S General fund financial update including report out on COVID specific financial impacts as SUMMARY required in Resolution No. 1987 REVIEWED BY ❑ Trans&Infrastructure ❑ CommunitySvs/Safety ❑ Finance Comm. ❑ Planning/Economic Dev. ❑ LTAC ❑ Arts Comm. ❑ Parks Comm. ❑ Planning Comm. DATE: COMMITTEE CHAIR: RECOMMENDATIONS: SPONSOR/ADMIN. Finance COMMITTEE COST IMPACT / FUND SOURCE EXPENDITURE REQUIRED AMOUNT BUDGETED APPROPRIATION REQUIRED Fund Source: Comments: MTG. DATE RECORD OF COUNCIL ACTION 06/22/20 MTG. DATE ATTACHMENTS 06/22/20 Informational Memorandum dated 06/22/20 97 City of Tukwila Allan Ekberg, Mayor INFORMATIONAL MEMORANDUM TO: Finance Committee FROM: Vicky Carlsen, Finance Director BY: Jeff Friend, Fiscal Manager CC: Mayor Ekberg DATE: June 22, 2020 SUBJECT: General Fund Budget-to-Actuals and COVID-19 Impact Report Summary Resolution 1987 directed financial reporting on COVID-19 impacts twice a month. The second report of the month (below) can only include new information about payroll, since sales tax is only received once a month. Revenue for the general fund can only be provided on a monthly basis. .This report reflects the following: - General fund: o Revenues as of March 31, 2020 o Expenditures as of April 30, 2020 - Capital projects funds: o Revenues as of April 30, 2020 o Expenditures as of April 30, 2020 The revised budget (COVID-19) noted throughout the report is for financial analysis purposes only. Any actual adjustments to the budget will require formal action from Council in the 41" quarter of 2020. The purpose of the general fund budgets to actuals report is to summarize for the City Council the general state of revenues and expenditures and to highlight significant items. The following provides a high-level summary of the general fund financial performance and includes select capital project funds. The General Fund Report is based on financial data available as of June 11, 2020, for the period ending March 31, 2020 for revenues and April 30, 2020 for expenditures. The allocated budget is calculated to reflect monthly revenue patterns based on prior year activity. Additional details can be found within the attached financial report. Revenues The chart on the next page reflects general fund revenue on a monthly basis. The green bar reflects the adopted budget as amended on December 2, 2019, the blue bar indicates the revised budget reflecting projected reductions due to COVID-19, and the orange bar indicates actuals each month. In this report, revenues are reflected through March 31st and expenditures through April 30t". No updates to revenue have been made at this time. Revenue will be updated after April sales tax revenue is received at the end of June and will be included in first financial report in July. General Fund revenue through March 31 It was $13.2 million and is above the revised allocated budget by $695 thousand. The higher than expected actuals in January is mainly due to business 99 INFORMATIONAL MEMO Page 2 license renewal activity. Business license revenue was higher than projected in January and February due to a timing difference resulting in transitioning to the State. Busines license revenue that was anticipated in December 2019 was received in the first two months of this year. March is the first month that the City experienced revenue loss due to the pandemic. Per the chart graph below, actual revenue in March is right in line with expectations. It should also be noted that the revised budget (COVID-19) is higher in June than the adopted budget in anticipation of property owners taking advantage of the ability to delay property tax payments by one month. GENERAL FUND REVENUE CITY OF TUKW ILA GENERAL FUND REVENUES Adopted Budget Revised Budget (Covid-19) Actual E!!, €.< '''t,it € NN € H€ H JUN JUL AUG SEP OCT NOV DEC YiD AS OF MARCH 31.2020 REVISED BUDGET ADOPTED BUDGET (COV I D-19) ACTUAL SUMMARY BY REVENUE TYPE 2020 BDGT 2020 2020 2020 2020 VARIANCE- REVISED ANNUAL ALLOCATED ANNUAL ALLOCATED 2018 2019 2020 BDGT(COVID) % REC'D PROPERTYTAX 16,416,911 537,726 16,416,911 537,726 599,724 509,196 625,551 87,825 4% SALES TAX 20,510,676 4,443,087 12,898,546 4,443,087 4,428,584 4,484,861 4,089,746 (353,341) 20% ADMISSIONS TAX 870,000 210,500 470,246 210,500 253,304 237,448 266,036 55,537 31% UTILITYTAX 4,464,610 1,255,748 3,816,260 1,255,748 1,155,063 1,043,636 1,063,476 (192,272) 24% INTERFUND UTILITYTAX 2,412,000 1,063,188 2,412,000 1,063,188 684,651 524,800 1,128,803 65,615 47% GAMBLING & EXCISE TAX 4,426,000 1,087,458 2,064,567 1,087,458 983,699 984,768 917,769 (169,688) 21% TOTAL GENERAL REVENUE 49,100,197 8,597,706 38,078,530 8,597,706 8,105,025 7,784,709 8,091,381 (506,325) 16% LICENSES AND PERMITS 6,784,894 1,582,134 6,784,894 1,582,134 2,868,278 3,184,956 2,838,712 1,256,578 42% INTERGOVERNMENTAL REVENUE 4,403,506 984,296 4,403,506 984,296 1,050,537 996,228 837,348 (146,947) 19% CHARGES FOR SERVICES 2,588,707 445,215 2,107,235 428,919 314,980 526,515 303,595 (125,324) 12% OTHER INCOME 4,398,189 978,658 1 3,806,470 929,9881 842,302 896,233 1,147,000 1 217,012 26 TOTAL OPERATING REVENUE 67,275,493 12,588,009 1 55,180,635 12,523,043 1 13,181,122 13,388,640 13,218,037 694,994 20% TRANSFERS IN 200,000 - 1 200,000 - I - - - I - 0% TOTAL REVENUE 67,475,493 12,588,009 1 55,380,635 12,523,043 1 13,181,122 13,388,640 13,218,037 1 694,994 20° Percent of year 25% 100 INFORMATIONAL MEMO Page 3 Expenditures General Fund expenditures totaled $20.4 million through April, which is $756 thousand less than the revised allocated budget of $21.1 million adjusted for the impacts of the COVID-19 pandemic. $12 $10 $8 $6 $4 $2 $0 GENERAL FUND EXPENDITURES Adopted Budget Revised Budget (Covid-19) Actual JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Expenditure Type Variances The chart below reflects both adopted budget, as amended on December 2, 2019 along with the allocated budget as well as a revised budget that captures the reductions from phase I (reduce overtime, travel and training, capital transfers, and extra labor), phase II (departmental budget scrubs), and phase III (labor reductions). It does not currently reflect any use of contingency funds as that will require Council action at a later date. 101 INFORMATIONAL MEMO Page 4 GENERALFUND CITY OF TUKW ILA REVISED BUDGET COMPARISON OF BUDGET (COVID-19) ACTUAL RESULTS REVISED BUDGET SALARIES AND BENEFITS ACTUAL OVER/(UNDER) 2020 2020 2020 ALLOCATED 2020 ANNUAL ALLOCATE) ANNUAL ALLOCATED 2018 2019 2020 BDGT % EXPENDED 11 Salaries 30,064,147 10,021,382 28,423,730 9,886,536 9,028,751 9,319,643 9,627,088 (259,448) 34% 12 Extra Labor 764,697 256,138 91,386 146,931 167,794 214,940 116,446 (30,485) 127% 13 Overtime 1,354,099 453,055 354,099 253,055 455,417 624,049 358,056 105,001 101% 15 Holiday Pay 555,369 - 555,369 - 6,826 5,996 3,900 3,900 1% 21 FICA 2,100,726 700,242 1,928,893 680,658 588,065 607,257 603,108 (77,550) 31% 22 Pension-LEOFF2 913,369 304,456 870,169 295,816 275,467 289,308 374,988 79,171 43% 23 Pens ion-PERS/PSERS 1,805,556 601,852 1,525,232 569,903 552,164 583,811 588,645 18,742 39% 24 Industrial Insurance 934,878 311,626 934,878 311,626 197,859 288,082 329,430 17,804 35% 25 Medical & Dental 6,457,336 2,152,445 6,202,336 2,101,445 1,850,100 1,899,085 2,105,520 4,075 34% 26 Unemployment - - 200,000 - 16,622 - 6,681 6,681 3% 28 Uniform/Clothing 8,525 1,5021 8,525 1,5021 1,391 1,090 432 (1,069) 51/, Total Salaries and Benefits 1 44,958,702 14,802,699 41,094,618 14,247,473 1 13,140,455 13,833,261 14,114,294 (133,179) 34 BUDGET REVISED (COVID-19) BUDGET ACTUAL COMPARISON RESULTS OF SUPPLIES, SERVICES, AND REVISED BUDGET CAPITAL ACTUAL OVER/(UNDER) 2020 2020 2020 ALLOCATED 2020 ANNUAL ALLOCATED ANNUAL ALLOCATED 2018 2019 2020 BDGT % E(PENDED 0 Transfers 7,319,140 1,151,518 6,119,140 851,518 2,978,709 2,385,097 984,298 132,780 16% 31 Supplies 1,066,112 411,648 936,890 385,803 318,468 455,798 249,514 (136,289) 27% 34 Items Purchased for resale 22,000 741 22,000 741 3,414 600 235 (506) 1 35 Small Tools 133,569 32,248 86,569 22,848 27,625 13,192 41,256 18,408 48% 41 Professional Services 5,908,964 1,873,720 5,546,983 1,801,324 1,848,284 1,798,016 1,484,364 (316,960) 27% 42 Communication 434,600 144,867 429,600 143,867 124,511 113,837 131,299 (12,568) 31 % 43 Travel 159,630 61,905 18,496 13,611 52,956 82,642 31,804 18,193 172% 44 Advertising 47,550 17,255 31,550 14,055 6,961 7,237 4,408 (9,647) 14% 45 Rentals and Leases 2,422,514 974,476 1,400,579 770,089 715,244 941,752 429,715 (340,374) 31 46 Insurance 1,047,762 1,047,697 1,007,762 1,039,697 974,066 889,864 987,519 (52,178) 98% 47 Public Utilities 2,069,101 1,381,258 2,053,101 1,378,058 771,461 1,311,641 1,265,984 (112,074) 62% 48 Repairs and Maintenance 587,912 284,556 512,912 269,556 102,308 249,831 270,859 1,303 53% 49 Miscellaneous 1,273,723 431,126 1,040,875 131,126 532,912 404,337 394,627 263,501 38% 64 Machinery & Equipment 270,000 76,667 240,000 76,6671 7,845 - - (76,667) - Total Supplies, Services, and Capital 1 22,762,577 7,889,6821 19,446,457 6,898,9601 8,484,764 8,653,844 6,275,881 (623,079) 32% Total Expenditures 1 67,721,279 22,692,3811 60,541,075 21,146,433 1 21,625,219 22,487,105 20,390,175 (756,258) 34% Percent of year completed 33 COVID Expenditures General Fund expenditures related to the COVID-19 pandemic began to be incurred in March. These expenditures totaled $261,823 through April 301h and are reported by department in the schedule below. COVID related expenditures in salaries and benefits include time dedicated to the emergency operations center (EOC) as well as time spent analyzing the financial impacts of the pandemic. Overtime and supplies are for time outside of normal operations spent in the EOC as well as time responding directly to COVID-19 related activities. Supplies are for additional PPE and disinfectant supplies. Unbudgeted costs can be applied against CARES Act funding or FEMA funding and will not affect ending fund balance. Budgeted salaries and benefits for time that has been redirected to responding to the pandemic could qualify for reimbursement from CARES Act funding. Any reimbursement for budgeted salaries and benefits would reduce the need for contingency funds because the City had not received confirmation that CARES Act funding would be available. Reimbursement of these costs were not included in the proposal to close the $12 million revenue gap. 102 INFORMATIONAL MEMO Page 5 BUDGETED I UNBUDGETED Department Salaries and Benefits Overtime Supplies and Benefits Department Total Council $ 1,784 $ - $ - $ 1,784 Mayor 44,698 - 230 44,928 Admin Services 25,585 - 387 25,971 Finance 24,623 386 342 25,351 Recreation 82,859 - 623 83,482 DCD 3,712 - 554 4,266 Court 114 137 494 744 Police 13,279 4,379 882 18,541 Fire 16,269 8,015 7,708 31,993 TIS - - 45 45 Public Works 6,673 318 9,308 16,300 Park Maintenance 8,418 - - 8,418 Total $ 228,014 1 $ 13,236 $ 20,573 $ 261,823 COVID-19 Related Grants Available to the City There are several grant opportunities now available to the City to offset some of the costs incurred related to the pandemic. Below is a chart listing grant opportunities as well as what the funds may be used for. It should be noted that all of the grants are reimbursement and cannot be used to offset loss of revenue. The chart will be updated as new information becomes available. Staff will return in the near future with a plan to maximize the use of all known, available funding. Grant Amount Eligible Uses Status CARES Act $627,900 - Expenditures incurred Contract has been through Dept. of directly related to signed and returned to Commerce responding to COVID-19 Department of (supplies, overtime, Commerce for full regular time that has execution substantially shifted focus to the pandemic, unemployment, etc.) - Providing economic support to those suffering from unemployment - Providing economic support to business interruptions FEMA No cap, reimburses Unbudgeted expenditures incurred Contract completed. 75% of expenditures directly related to responding to Can submit for not covered with COVID-19 reimbursement at any other resources time FEMA - To be determined Assistance to food pantry In process CARES King County Approximately Assistance to small businesses Gathering information $33,000 CESF - Dept. $49,000 Expenditures incurred directly Grant has been of Justice related to responding to COVID- awarded. Contract is Assistance 19 being processed EFSP City of Tukwila does Supplement existing emergency Forwarded to TCS Emergency not qualify for this food & shelter program and Tukwila Pantry Food & Shelter grant Pro 103 INFORMATIONAL MEMO Page 6 HungerCorps Four VISTA HungerCorps will assist Contract awarded VISTA AmeriCorps Recreation staff to distribute food AmeriCorps HungerCorps as part of the mobile recreation students. Value: program 35,500 104 INFORMATIONAL MEMO Page 7 Selected Capital Projects Funds Financial analysis regarding the impacts of the COVID-19 pandemic include ongoing review of certain capital projects funds including: residential streets (fund 103), arterial streets (fund 104), and general government improvements (fund 303). The narrative below highlights planned capital projects along with decisions that have already been made and decision points for future meetings. The narrative is followed by financial statements reflecting activity through April 30, 2020 as well as projected activity through the end of the year. Residential Streets The most impactful issue in this fund relates to the 42nd Ave S and 53rd Ave S roadway projects. Both projects are completed and are awaiting final closeout and payments to contractors. The project budgets reflects in the financial statements are estimates at this time. Staff is working to determine full final costs and will update budgets when revised information is received. Until the City has updated information on these two projects, the fund will continue to show a negative fund balance. It should also be noted that the negative fund balance is only an estimate and will only end the year in a negative position if all identified expenditures are paid this year. The fund currently has a positive cash balance and a positive fund balance. Arterial Streets 42nd Ave S Bridge: The City Council authorized funding of up to $1 million ($320k general fund, $680k solid waste utility tax) for 30% design. There is a possibility that a federal infrastructure bill could include funding for "shovel ready" projects. In order for this project to have the best chance of receiving funding, the project would need to be at least 30% designed. The City expects to select a design consultant later this summer to get to 30% design. Since funding for the highest priority areas for overlay have been identified, staff is recommending that a decision on whether to fund this project or redirect funds elsewhere, be delayed until the true cost of design is understood. S 119th St Ped Bridge painting: Not funding this project will only delay the project, not cancel it. There is a limited window of opportunity to paint the bridge due to weather and fish cycles. Removing funding for this project will delay the project until at least 2021. Overlay. At the June 8, 2020 Committee of the Whole meeting, there was Council consensus to move forward with the recommendation from the Transportation & Infrastructure Committee to fund the two highest priority overlay projects. The budget has been adjusted to reflect the increase in budget. General Government Improvement Siding repair at TCC: Siding repair for TCC has been listed as a project as early as 2018. When the 2019-2020 budget was drafted, the expectation was that $200k in siding and roofing repairs at TCC would occur. Budget for this project is $120k and funding currently exists in the general government improvement fund. Continuing to delay this project will only result in higher costs when the repair is finally completed. Staff is recommending that TCC siding repair occur this year utilizing the existing budget. Facilities Study: This project is also funded out of the general government improvement. Staff is reworking the scope of this project per comments received from City Council at the June 8, 2020 Committee of the Whole meeting. 105 INFORMATIONAL MEMO Page 8 City of Tukwila Residential Street Fund 103 - Revenue and Expenditures Year -to -Date as of April 30, 2020 2020 Actual Expected Total Variance Oeer/(Under) % of COVID Annual Revised (COVID) Budget Budget Year -To -Date + Through YE - Projected YE COVID Budget Budget REVENUE: General Revenue Solid Waste/Recycling Utility Tax - - 40,651 - 40,651 40,651 - 40,651 - 40,651 40,651 - Total Intergovernmental Revenue - Intergovernmental Revenue Indirect Federal -SRTS 3,454,000 3,454,000 - - - (3,454,000) 0.0% State Grant - Macadam 1,847,000 1,847,000 - - - (1,847,000) 0.0% State Entitlements - MVFTCities 290,000 200,000 94,880 105,120 200,000 100.0% Total Intergovernmental Revenue 5,591,000 5,501,000 94,880 105,120 200,000 (5,301,000) 1.7% Uscellaneous Revenue Charges for services - 134,682 - 134,682 134,682 - 100.0% Investment earnings 20,000 - - - - - - Total Miscellaneous Revenue 20,000 134,682 - 134,682 134,682 - 0.0% Transfers In 100,000 100,000 - 100,000 100,000 - 100.0% Total Revenues 5,711,000 5,735,682 135,531 339,802 475,334 (5,260,349) 2.4% EXPENDITURES: 46thAve Safe Routes to School 1,832,000 1,832,000 - - - (1,832,000) 0.0% Macadam Rd S Complete Street 1,847,000 1,847,000 - - - (1,847,000) 0.0% S 152nd St Safe Routes to School 1,622,000 1,622,000 - - - (1,622,000) 0.0% Traffic Calming/Residential Safety 400,000 50,000 18,200 31,800 50,000 - 100.0% 53rd Ave S - 399,000 120,140 278,860 399,000 - 100.0% 42nd Ave S Phase III - 378,000 24,025 353,975 378,000 - 100.0% Interfund Loan Repayment - 336,932 252,500 84,433 336,932 - 100.0% Total Expenditures 5,701,000 6,464,932 414,865 1,163,932 (5,301,000) 7.3% Change in fund balances 10,000 (729,250) (688,599) 40,651 94.4% Beginning Fund Balance 141,586 141,586 141,586 0 100.0% (587,665) (547,013) 40,652 93.1 Ending Fund Balance 151,586 106 INFORMATIONAL MEMO Page 9 City of Tukwila Arterial Street Fund 104 - Revenue and Expenditures Year -to -Date as of April 30, 2020 2020 Variance Annual Revsed(COVID) Actual Expected Total Over/(Under) %of Annual Budget I Budget Year -To -Date + Through YE - Projected YE Allocated Budget Budget REVENUE: General Revenue Parking Tax 470,000 300,000 117,800 182,200 300,000 0 64% MVFT Cities 137,000 100,000 47,534 52,466 100,000 0 73% Solid Waste Utility Tax 680,000 680,000 - 680,000 680,000 0 100% Real Estate Excise Texas 500,000 500,000 126,787 373,213 500,000 0 100% 1,580,000 292,121 1,287,879 1,580,000 - 88.4% Total General Revenue 1,787,000 Charges for Services Park impact Fees 300,000 300,000 - 300,000 300,000 - 100.0% Traffic Impact Fees 213,000 213,000 274,168 150,000 424,168 211,168 199.1% Total Charges for Services 513,000 513,000 274,168 450,000 724,168 211,168 141.2% Intergovernmental Revenue Strander Grants 38,389,000 - - - 0 - 0.0% Federal -42nd Ave 1,280,000 - - - 0 - 0.0% Boeing Access Bridge Over Airport Way 2,614,000 2,614,000 - 2,614,000 2,614,000 - 100.0% State Grant - West Valley Highway 2,694,000 2,694,000 - 2,694,000 2,694,000 - 100.0% Total Charges for Services 44,977,000 5,308,000 - 5,308,000 5,308,000 - 11.8% Miscellaneous Revenue Investment earnings 20,000 15,000 9,292 9,292 (5,708) 46.50/6 Contributions/Donations 30,000 30,000 2,400 2,400 (27,600) 8.0% Total Miscellaneous Revenue 50,000 45,000 11,692 11,692 (33,308) 23.4% Transfers In 1,000,000 - - - - - 0.0% Total Revenues 48,327,000 7,446,000 577,981 7,045,879 7,623,860 177,860 15.8% EXPENDITURES: Overhead (Salaries & Benefits) 485,382 485,382 91,964 340,422 432,386 (52,996) 89.1 Slrander Blvd. Extension 38,389,000 622,362 2,795 619,567 622,362 (37,766,638) 1.6% BAR over Airport Way Seismic Retrofit 2,614,000 2,614,000 17,692 2,596,308 2,614,000 - 100.0% West Valley Highway 3,195,000 2,694,000 60,237 2,633,763 2,694,000 (501,000) 84.3% 42nd Ave S Bridge Replacement 1,600,000 1,000,000 97 999,903 1,000,000 (600,000) 62.50/6 S 144th St Bridge - Sidewalks 227,000 227,000 - - - (227,000) 0.0% S 119th St Ped Bridge 200,000 200,000 - 200,000 200,000 - 100.0% ADA Improvements 50,000 - - - - (50,000) 0.0% Wetland & Environmental Mitigation 40,000 40,000 5,023 34,977 40,000 - 100.0% Transportation Comp Element Plan 400,000 200,000 - 200,000 200,000 (200,000) 50.0% Walk & Roll 75,000 - - - - (75,000) 0.0% Annual Overlay 1,400,000 510,000 128,895 381,105 510,000 (890,000) 36.4% Annual Bridge Inspections 135,000 269,000 2,252 266,748 269,000 134,000 199.3% Annual Traffic Signals 125,000 62,500 - 62,500 62,500 (62,500) 50.0% Transfer Park Impact Fees to Fund 301 - 1,009,000 - 1,009,000 1,009,000 1,009,000 - Other Misc. Capital Projects - - 13,126 16,290 29,416 TIB Channelization Study - - 8,710 16,290 25,000 25,000 - 2019 Traffic Calming/Res Safety - - 1,446 - 1,446 1,446 - TUCPedestrian/Bicycle Bridge - - 1,505 - 1,505 1,505 - S 196th/200th St Bridge - - 1,304 - 1,304 1,304 - S 144th St Phase ll (42nd Ave S - TIB) - 161 - 161 161 - Total Expenditures 48,935,382 9,933,244 322,081 9,360,583 9,682,664 (39,252,718) 19.8% Change in fund balances (608,382) (2,487,244) 255,900 (2,314,704) (2,058,804) 428,440 338.4% Beginning Fund Balance 1,187,826 1,187,826 2,083,854 896,028 175.4% Ending Fund Balance ,444 (1,299,418) 25,050 1,324,468 4.3% 107 INFORMATIONAL MEMO Page 10 City of Tukwila General Government Improvements Fund 303 - Revenue and Expenditures As of April 30, 2020 2020 Variance Annual ReNSed(COVID) Actual Expected Total Oyer/(Under) %of COVID Budget Budget Year -To -Date + Through YE = Projected YE COVID Budget Budget REVENUE: Miscellaneous Revenue Investment earnings 500 500 2,998 500 3,498 1 2,498 599.6% Total Miscellaneous Revenue 500 500 2,998 2,498 599.6% Transfers In 200,000 - - - - - 0.0% Total Revenues EXPENDITURES: City Hall Siding/Roof Repair 50,000 50,000 - TCC Siding/Roof Repair 100,000 127,000 - 2020 Facilities Study 300,000 190,000 - Misc. Projects (including salaries & benefits) 208,015 - 31,684 Install No Parking Signs at 6200/6300 Bldg 2, 026 6300 Bldg. Dry Fire Sprinkler System 29,658 Total Expenditures 367,000 31,684 Change in fund balances (457,515) (366,500) Beginning Fund Balance 525,166 525,166 158,666 Ending Fund Balance 67,651 - - (50,000) 0.0% 127,000 127,000 - 100.0% 190,000 190,000 - 100.0% - 31,684 31,694 - 2, 026 29,658 317,000 348,684 (18,316) 4.8% (345,686) 20,814 94.3% 656.306 131.140 125.0%