Tom Daugherty, Finance Director - Fairview, TN · Tom Daugherty, Finance Director November 13, 2014 ... QTRLY 941 Tax Return. ... State Income Tax - - - 22,000

November Finance Report

Tom Daugherty, Finance Director

November 13, 2014

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Procedures and Processes: ◦ Daily close procedures and bank deposits. ◦ Weekly accounts payable. ◦ ACH receivables, payables, and wire transactions. ◦ Bi-weekly Payroll, 941 tax deposits, and deferred comp. ◦ TCRS retirement. ◦ Bank reconciliation. ◦ Human Resource and Payroll responsibilities. ◦ QTRLY 941 Tax Return. ◦ QTRLY TN Dept of Labor Premium and Wage Report. Meetings: ◦ Board of Commissioners on 10/2 and 10/16. ◦ Audit Meeting 10/2. ◦ Staff meetings on 10/6, 10/16, and 10/20 . ◦ Finance Review Committee on 10/9. ◦ History Village meeting with Dr. Rice, City Manager, Parks Director and Superintendent, and Commissioner Bissell on 10/20. ◦ TML meeting regarding History Village on 10/21. ◦ MTAS meeting on 10/22. ◦ Court Cost Meeting with City Judge, Court Clerk, City Manager, and City Recorder on 10/24. ◦ Workforce Essentials meeting on 10/31. Education / Workshops: ◦ Attended and passed The University of Tennessee and MTAS sponsored CMFO Debt Management class. This is the 9th of 11 courses completed since January toward a CMFO certification which is a requirement of the Finance Director position. Additional courses completed include Government Environment, Municipal Budgeting, Internal Control and Auditing, Governmental Accounting I, Governmental Accounting II, Financial Reporting I, Financial Reporting II, and Cash Management. ◦ Completed Supervisor Drug Free Workplace training course. ◦ Completed 3 FEMA training courses.



November 13, 2014

______________________________________________________________________________

Revenues: October Revenues came in ($26,715) under projections at $373,725. Major line item discrepancies are examined. ◦ Property taxes came in ($10,674) under projections. Bills got out 3 days later than last year…changes are being made to issue notices by mid September going forward. ◦ Local Option Sales Tax from the County Trustee came in ($8,061) under projections. This is due to “tax-free” weekend in August. ◦ Minimum Business Tax came in ($6,421) under projections. After consulting the State Comptroller’s Office, MTAS, and others, it is likely that our projections will be inaccurate the remainder of the year. Changes in filing periods for businesses will cause large lump sum payments beginning after the 1st of the year. ◦Cable TV Franchise Tax came in ($25,000) under projections. This is due to the check getting out late. The City received this revenue the first week of November. ◦ City Court Fines & Fees came in ($6,604) under projections. I met with Dianne Ford, our Court Clerk, and concluded that the discrepancy is most likely due to decreased traffic tickets issued. This line item will be monitored closely throughout the year. Expenditures: The City came in $15, 105 over projections at $527,418 for October. The City absorbed 2 expenditures that were not projected in October. ◦ $40,415 reimbursed to 4 local businesses due to building permit overcharges. ◦ $ 9,786 in Road Loan Interest came due…expenditure projected in November. Year to date: Revenue projections from July 1st to October 31st are $1,449,621. Revenue received is $1,424,205 for a shortfall of ($25,416). Expenditure projections are $1,840,497 and the City spent $1,755,087. The YTD spending is under projections in the amount of ($85,409). Combining YTD Revenues and Expenditures, the City is $59,993 ahead of projections.



November 13, 2014

______________________________________________________________________________

Financial Summary: October marked the beginning of “Property Tax” season which usually births 4 to 5 months of substantially increased Revenue to Expenditure ratios. The BOC passed the 3 year Stabilization Plan and the first reading of the Fund Balance Policy. Better days are on the horizon for the City of Fairview’s financial position. The focus moving forward will be maintaining expenditures at or below projections, initializing the first steps of the Stabilization Plan with available revenues, and the continuation of presenting sound fiscal policies to the Board for their approval. Respectfully Submitted,

Thomas J. Daugherty

Page 1 OCTOBER FINAL

CITY OF FAIRVIEW

MONTHLY BUDGET

YEAR ENDED JUNE 30, 2015

OCTOBER OCTOBER YTD YTD ACCT DESCRIPTION PROJECTED ACTUAL VAR PROJECTED ACTUAL VAR

UNASSIGNED REVENUES

31100 Property Taxes 50,500 39,826 (10,674) 65,500 55,646 (9,854)

31200 Delinqunet Property Taxes - 994 994 7,500 7,675 175

31300 Penalties - Prop Taxes - 550 550 2,025 3,578 1,553

31520 Payments from Industry - - - - 1,000 1,000

31610 County Sales Taxes 105,000 96,939 (8,061) 400,000 395,822 (4,178)

31620 Local Sales Taxes 49,000 43,519 (5,481) 187,000 177,698 (9,302)

31710 Wholesale Beer Taxes 16,667 17,861 1,194 66,667 77,078 10,411

31720 Wholesale Liquor Taxes 5,000 4,924 (76) 20,000 19,245 (755)

31810 Business Taxes 7,083 663 (6,421) 28,333 4,156 (24,178)

31831 Interest - Bus. Taxes - - - - - -

31832 Interest Gross Receipts - - - - - -

31841 Penalties - Bus. Taxes - - - - - -

31850 Process Fee - Bus. Taxes 92 45 (47) 367 285 (82)

31911 Gas Franchise Tax - - - - -

31912 Cable TV Franchise Tax 25,000 - (25,000) 50,000 24,011 (25,989)

31920 Room Occupancy Tax 567 647 80 2,267 2,801 534

32130 Contractor's License Fee 83 100 17 333 300 (33)

32210 Beer License / Permits 375 - (375) 1,500 290 (1,210)

32220 Liquor License Fees 83 - (83) 333 925 592

32610 Building Permits 2,917 4,529 1,612 11,667 16,588 4,921

32620 Electrical Permits 167 235 68 667 630 (37)

32630 Plumbing & Mechanical Permits 250 496 246 1,000 1,767 767

32640 Rezoning, Subdividing & Other Fees 1,250 - (1,250) 5,000 1,135 (3,865)

32650 Process Fee - Privilege Tax 8 50 42 33 170 137

32660 Fees Appeal Boards 29 - (29) 117 - (117)

32690 Other Permits 167 320 153 667 665 (2)

32710 Sign Permits 229 194 (35) 917 796 (120)

32730 Engineer Charges & Fees 250 - (250) 1,000 - (1,000)

32750 Miscellaneous - Codes 21 - (21) 83 - (83)

33320 TVA Payments - in Lieu of Taxes - - - - - -

33420 State Law Enforcement - - - - - -

33421 Education Incentive Pay - Fire - - - - - -

33460 State Forestry Grant - - - - - -

33490 Recruitment & Retention Grant - Fire 11,250 10,642 (608) 45,000 42,043 (2,957)

33492 State Grant #2 Vests - P.D. - - - - 1,043 1,043

33494 TML Safety Grant - - - - - -

33496 TEMA Grant - Reimbursement - - - - - -

33497 GHSO Grant 3,750 - (3,750) 15,000 9,538 (5,462)

33510 State Sales Taxes 48,583 47,369 (1,214) 194,333 190,034 (4,300)

33520 State Income Tax - - - 22,000 27,057 5,057

33530 State Beer Tax 2,250 1,983 (267) 2,250 1,983 (267)

33545 Mixed Drink Tax - City 833 890 57 3,333 3,639 306

33553 State Gas Inspection Fee 1,333 1,313 (21) 5,333 5,255 (78)

33593 Telecommunications Taxes 63 61 (1) 250 262 12

33594 Corporate Excise Tax - - - - - -

33710 Grant Wm Co Fire Dept - - - - - -

34110 Miscellaneous Revenue 333 132 (201) 1,333 3,496 2,162

34220 Alarm Permit Fees 42 10 (32) 167 40 (127)

34230 Fees Driving School 833 900 67 3,333 3,850 517

34240 Accident Report Charges - - - - - -

34314 Mowing 1,500 - (1,500) 6,000 5,897 (103)

34741 Picnic Shelter Fees 200 - (200) 800 110 (690)

34743 Arts and Crafts Fees - - - 100 - (100)

34750 May Fest Donations and Charges - - - - - -

34751 July 4th Donations - - - - 600 600

34752 October Fest Donations - - - - - -

34791 Rec Special Program Fees - - - 2,500 700 (1,800)

34792 Nature Center Use - - - - - -

34799 Park Trail Fees - - - 500 - (500)


CITY OF FAIRVIEW

MONTHLY BUDGET



35110 City Court Fines & Costs 16,667 10,062 (6,604) 66,667 46,400 (20,267)

35130 Court Costs User Fee 2,500 1,920 (580) 10,000 9,088 (913)

35140 Drug Related Fines 1,500 764 (736) 6,000 3,852 (2,148)

35160 Court Fines from County 133 119 (15) 533 356 (178)

36100 Interest 65 30 (34) 258 157 (101)

36110 Interest School Facilities Taxes 4 - (4) 17 - (17)

36340 City Auction Sales - - - - 3,796 3,796

36710 Donations to the Police Dept - - - - 2,622 2,622

36730 Donation to the Park Dept - - - - - -

36739 Employee Vol Ins. Contributions 1,545 2,316 771 6,180 7,520 1,340

36750 Employee Ins. Contributions 7,727 10,679 2,952 30,908 31,852 944

36962 Trans. From Facilities Taxes - - - - - -

36990 Insurance Reimbursements - - - - 3,500 3,500

39123 Transfer from Park Reserves - - - 35,000 35,000 -

39124 Transfer from Street Aid Reserves - - - - - -

Transfer from Drug Fund - - - - - -

Transfer from Other Funds - - - - - -

TOTAL UNASSIGNED REVENUE 365,849.08 301,082.87 (64,766.21) 1,310,772.06 1,231,949.23 (78,822.83)


CITY OF FAIRVIEW

MONTHLY BUDGET



UNASSIGNED EXPENDITURES

110 Salaries 277,652 270,217 (7,435) 832,957 810,724 (22,233)

111 Part-time Salaries (Safer Grant) 12,113 12,188 75 36,338 36,563 225

112 Salaries - Overtime Pay 11,965 3,405 (8,560) 35,896 14,844 (21,052)

113 Part-time Salaries 12,440 15,153 2,713 37,321 47,879 10,558

119 Incentive Pay 4,038 3,573 (465) 12,115 16,844 4,728

121 Wages - School Patrol 1,131 1,568 437 3,392 3,192 (200)

124 Wages - Part-time - Regular 346 233 (113) 1,038 1,000 (38)

132 In Service Pay 2,631 - (2,631) 7,892 - (7,892)

141 OASI Employer's Share 20,486 18,706 (1,780) 61,458 57,361 (4,097)

142 Medicare Employer's Share 4,812 4,375 (437) 14,437 13,415 (1,022)

143 Retirement - Current 18,254 18,368 114 54,761 55,085 324

147 Unemployment Insurance - 121 121 2,044 506 (1,538)

161 Board and Committee Members 2,250 2,250 - 9,000 9,000 -

162 Reimbursements - Board Members - - - - - -

166 Incentive Pay Planning Commission 1,100 1,100 - 4,400 4,000 (400)

172 Election Officials, Clerks, Etc. - - - - - -

190 Personal Services / Animal Control - - - - - -

200 Contractual Services - - - 37,940 560 (37,380)

230 Memberships, Subs, Dues 500 - (500) 2,000 4,162 2,162

231 Publication of Formal and Legal Notice 500 687 187 2,000 1,658 (342)

235 Registration Fees, Tuition 500 510 10 2,000 3,166 1,166

236 Public Relation 417 192 (225) 1,667 794 (872)

237 Public Relations / Web Site 569 544 (25) 2,276 2,720 444

240 Utility Services 5,500 5,379 (121) 25,500 19,066 (6,434)

245 Telephone and Telegraph 6,917 7,015 98 27,667 31,545 3,878

250 Professional Services 2,917 4,199 1,282 11,667 21,182 9,515

251 Medical Services - - - - - -

254 Engineering, and Landscaping Services 2,917 1,000 (1,917) 11,668 6,638 (5,030)

255 Data Processing Services - (1,013) (1,013) 17,870 22,388 4,518

259 Architect and Other Professional Services - - - - - -

261 Repair and Maint. Motor Vehicles 3,167 2,408 (758) 12,667 14,987 2,320

262 Repair and Maint. Machinery & Equip 1,458 1,753 295 5,833 9,727 3,894

263 Repairs and Maint Office Machinery - - - 275 - (275)

265 Repair and Maintenance Grounds and Gro 833 2,404 1,571 3,333 4,432 1,099

266 Repair and Maint. Bldgs. 833 288 (545) 3,333 5,199 1,865

272 Due to County - 1/2 Mixed Drinks 300 891 591 1,200 2,232 1,032

280 Travel 1,250 180 (1,070) 2,500 1,202 (1,298)

293 Recording Documents (with Register's ) 17 - (17) 67 54 (13)

298 Drug Testing Fees 250 75 (175) 1,000 730 (270)

301 Grass Cutting Liens - - - - 27 27

310 Office Supplies and Materials 792 1,226 435 3,167 3,368 201

311 Postage and Supplies 333 73 (260) 1,333 1,755 422

312 Printing / Mailing Prop Tax Notices - 1,200 1,200 2,700 1,200 (1,500)

317 Independence Day Celebration - - - 2,000 8,032 6,032

318 Family Day 750 742 (8) 750 827 77

319 Audio/Visual Supplies - - - - - -

320 Operating Supplies 1,084 445 (639) 4,584 1,991 (2,593)

321 Education & Training Sup (Safer Grant) - - - - - -

323 Safety Supplies - 65 65 100 65 (35)

324 Household and Janitorial Supplies 208 255 47 833 1,316 483

325 Event Expenses - - - - - -

326 Clothing and Uniforms 2,292 900 (1,392) 9,167 3,720 (5,446)

327 Fire Arm Supplies - 167 167 - 167 167

328 Education Supplies / Programs 600 361 (239) 2,400 2,982 582

329 Training and Supplies - 893 893 3,750 2,350 (1,400)

331 Gas, Oil, Diesel Fuel, Grease, Etc. 11,667 11,250 (417) 46,667 51,747 5,080

334 Tires, Tubes and Etc. 4,000 1,225 (2,775) 8,000 3,174 (4,826)

341 Tools 1,250 - (1,250) 2,500 77 (2,423)


CITY OF FAIRVIEW

MONTHLY BUDGET



343 Traffic Signal Maintenance - - - - - -

345 GHSO Grant - 850 850 - 14,749 14,749

510 Property and Liability Insurance - - - 116,133 61,265 (54,868)

512 Life Insurance on Public Safety Employ 208 - (208) 833 - (833)

517 Due to Usable - Vol Ins 500 458 (42) 2,000 1,833 (167)

518 Due to Mutual of Omaha - life 2,167 4,568 2,402 8,667 11,274 2,608

519 Medical, Dental and Vision Insurance 29,167 31,007 1,841 116,667 124,564 7,898

522 Medical and Eye Reimbursements 6,250 8,151 1,901 25,000 34,654 9,654

710 City Match Prop T1/X Relief - - - - - -

742 Special Investigative Funds 500 - (500) 1,000 180 (820)

790 Other Grants, Contributions, and Indem - - - - - -

792 Improvements to Historic Village - 235 235 - 2,500 2,500

799 Miscellaneous - - - - 658 658

930 Improvements Other Than Buildings - - - - - -

931 Street Paving and Improvements - - - 10,000 - (10,000)

932 Drainage Improvements - - - - - -

940 Machinery and Equipment 1,000 250 (750) 6,502 7,108 606

944 Transportation Equipment - 824 824 35,000 33,638 (1,362)

945 Communication Equipment 1,000 1,934 934 1,750 3,948 2,198

946 Fire Equipment 32,400 17,669 (14,731) 42,400 36,577 (5,823)

947 Office Machinery and Equipment 1,667 1,600 (67) 6,668 6,665 (2)

948 Computer Equip/Software 3,500 2,090 (1,410) 7,000 3,997 (3,003)

- - - -

TOTAL UNASSIGNED EXPENDITURES 499,396.75 466,210.08 (33,186.67) 1,753,080.56 1,649,260.89 (103,819.67)


CITY OF FAIRVIEW

MONTHLY BUDGET



DEBT SERVICE EXPENDITURES602 Debt Service - Fire Trucks - - - -

603 Debt Service - City Hall - - - -

Debt Service - Police Cars - - - -

614 Debt Service - Int on Fire Trucks - - - -

615 Debt Service - Int on City Hall 1,833 1,717 (117) 5,500 5,133 (368)

616 Debt Service - Int on Road Loan - 9,786 9,786 - 9,786 9,786

Debt Service - Int on Police Cars - - - -

931 Debt Service - Road Loan - - - -

944 Transportation Equipment - - - -

TOTAL DEBT SERVICE EXPENDITURES 1,833.33 11,502.48 9,669.15 5,500.00 14,918.20 9,418.20

SCHOOL FACILITIES TAXREVENUE

31921 Adequate School Facilities 11,250 8,254 (2,996) 45,000 37,451 (7,549)

EXPENDITURES

Net Activity (Loss) 11,250 8,254 (2,996) 45,000 37,451 (7,549)

STATE STREET AIDREVENUE

33551 State Gasoline Tax 17,083 17,413 330 68,333 70,391 2,058

EXPENDITURES - - -

247 Street Lighting (Electric and Maint) 3,333 2,352 (981) 13,333 9,543 (3,790)

342 Sign Parts and Supplies 417 124 (292) 1,667 451 (1,216)

940 Machinery and Equipment 833 - (833) 3,333 3,550 217

933 Gravel and Repairs to Streets 5,000 314 (4,686) 10,000 770 (9,230)

Net Activity (Loss) 7,500 14,622 7,122 40,000 56,078 16,078

TOTAL GENERAL FUND REVENUES 394,182 326,750 (67,433) 1,424,105 1,339,791 (84,314)

TOTAL GENERAL FUND EXPENDITURES 505,813 470,718 (35,096) 1,786,914 1,668,707 (118,207)


CITY OF FAIRVIEW

MONTHLY BUDGET



FACILITIES TAXREVENUE

33870 Municipal Bldgs - Facility Tax 6,250 5,861 (389) 25,417 20,710 (4,707)

Transfer in from Reserves 40,500 40,500 40,500 40,500

36100 Interest Income 8 3 (5) 99 16 (83)

36966 Operating Trans from Capitol Proj Fund -

EXPENDITURES 40,415 40,415 40,415 40,415

-

Net Activity (Loss) 6,258 5,948 (310) 25,516 20,810 35,710

DRUG FUNDREVENUE

35145 Sale of Drug Fund Vehicles, Etc - -

35200 Forfeits - 609 609 - 1,109 1,109

36100 Interest Income - 3 3 - 12 12

36340 City Auction Sales - - - - 22,067 22,067

EXPENDITURES

320 Operating Supplies 83 1,585 1,502 333 1,585 1,252

940 Machinery and Equipment 833 - (833) 2,500 512 (1,988)

944 Transportation Equipment - 923 923 50,000 29,963 (20,037)

948 Computer Equipment/Software - 3,957 3,957 - 3,957 3,957

952 Drug Dog Supplies 83 34 (49) 249 114 (135)

953 Drug Dog Vet Expense 500 - (500) 500 48 (452)

954 Due to Drug Task Force - - - - -

Net Activity (Loss) (1,500) (5,887) (4,997) (53,583) (12,991) 40,592

GRAND TOTAL EXPENDITURES 512,313 527,418 15,105 1,840,497 1,755,087 (85,409)

GRAND TOTAL REVENUE 400,440 373,725 (26,715) 1,449,621 1,424,205 (25,416)

EXPENSE TO REVENUE (LOSS) (111,873) (153,693) (41,820) (390,875) (330,882) 59,993

October 2014

CITY OF FAIRVIEW


OCTOBER OCTOBER YTD YTDACCT DESCRIPTION PROJECTED ACTUAL VAR PROJECTED ACTUAL VAR

GENERAL FUNDUNASSIGNEDBeginning Balance (381,916) (161,316) Revenue 365,849 301,083 (64,766) 1,310,772 1,231,949 (78,823) Expenditures 499,397 466,210 (33,187) 1,753,081 1,649,261 (103,820) Debt Service 1,833 11,502 9,669 5,500 14,918 9,418 Transfers In 40,500 40,500 75,500 75,500 Ending Balance (518,046) (136,130) (518,046) (356,730)

SCHOOL FACILITIES TAXBeginning Balance 441,262 412,065 Revenue 11,250 8,254 (2,996) 45,000 37,451 (7,549) Expenditures - - Transfers - Ending Balance 449,516 8,254 449,516 37,451

STATE STREET AIDBeginning Balance 175,142 133,686 Revenue 17,083 17,413 330 68,333 70,392 2,059 Expenditures 9,583 2,790 (6,793) 28,333 14,313 (14,020) Transfers - Ending Balance 189,765 14,623 189,765 56,079

BOWIE PARK FUNDBeginning Balance 194,538 229,501 Revenue 12 49 ExpendituresTransfers (35,000) Ending Balance 194,550 12 194,550 (34,951)

TREE FUNDBeginning Balance 97,279 97,255 Revenue 9 33 ExpendituresTransfers Ending Balance 97,288 9 97,288 33

GENERAL FUND TOTALSBeginning Balance 521,335 711,191 Revenue 394,182 367,250 (26,933) 1,424,105 1,380,292 (43,813) Expenditures 510,813 480,503 (30,311) 1,788,746 1,683,401 (105,345)

- - - Ending Balance 408,082 (113,253) 408,082 (303,109)

October 2014

CITY OF FAIRVIEW



FACILITIES TAXBeginning Balance 120,120 105,258 Revenue 6,250 5,861 (389) 25,516 20,723 (4,793) Expenditures 40,415 40,415 40,415 40,415 Transfers Ending Balance 85,566 (34,554) 85,566 (19,692)

DRUG FUND

Beginning Balance 116,628 123,732 Revenue 612 23,188 Expenditures 1,499 6,499 5,000 50,749 36,179 (14,570) Transfers Ending Balance 110,741 (5,887) 110,741 (12,991)

GRAND TOTALSBeginning Balance 762,992 940,181 Revenue 400,440 373,725 (26,715) 1,449,621 1,424,205 (25,416) Expenditures 512,313 527,418 15,105 1,840,497 1,755,087 (85,409)

- - - Ending Balance 609,299 (153,693) 609,299 (330,882)

October 2014

CITY OF FAIRVIEW



October 2014

City of FairviewEstimated Fund BalancesFiscal Year 2014-2015

Unassigned Park Street Aid School Facilities Tree Bank Total

Audit Fund Balance July 1, 2014 (161,316)$ 229,501$ 133,686$ 412,065$ 97,255$ 711,191$

Revenues 1,231,949$ -$ 70,392$ 37,451$ -$ 1,339,792$ Transfers In 75,500$ -$ -$ -$ -$ 75,500$ Expenditures 1,649,261$ -$ 14,313$ -$ -$ 1,663,574$ Debt Service 14,918$ -$ -$ -$ -$ 14,918$ Transfers Out -$ 35,000$ -$ -$ -$ 35,000$

Estimated Fund Balance October 31, 2014 (518,046)$ 194,501$ 189,765$ 449,516$ 97,255$ 412,991$

Appropriated Expenditures 3,768,732$ -$ 99,687$ -$ 1,945$ 3,870,364$ Possible Outlay not Budgeted -$ 120,000$ -$ 181,000$ -$ 301,000$ Estimated Increases for FY 14-15 4,340,356$ -$ 134,608$ 97,549$ -$ 4,572,513$

Estimated Fund Balance June 30, 2015 53,578$ 74,501$ 224,686$ 366,065$ 95,310$ 814,140$

All FundsFacilities Tax Drug Total Total

Audit Fund Balance July 1, 2014 105,258$ 123,732$ 228,990$ 940,181$

Revenues 20,723$ 23,188$ 43,911$ 1,383,703$ Transfers In -$ -$ -$ 75,500$ Expenditures 40,415$ 36,179$ 76,594$ 1,740,168$ Debt Service -$ -$ -$ 14,918$ Transfers Out -$ -$ -$ 35,000$

Estimated Fund Balance October 31, 2014 85,566$ 110,741$ 196,307$ 609,298$

Appropriated Expenditures 81,000$ 38,671$ 119,671$ 3,990,035$ Possible Outlay not Budgeted -$ 6,000$ 6,000$ 307,000$ Estimated Increases for FY 14-15 14,277$ -$ 14,277$ 4,586,790$

Estimated Fund Balance June 30, 2015 18,843$ 66,070$ 84,913$ 899,053$

General Fund

Restricted Funds

OCTOBER 2014

FINANCE REPORT

City of Fairview Revenues $373,725

11/13/14

Sales Taxes - Combined

50%

Property Taxes

11%

Wholesale Beer Taxes

5%

State Street Aid

5%

Employee Contributions

3%

Fire Safer Grant

3%

City Court Fines & Costs

3%

School Facilities Tax

2%

Facilities Tax

1%

Wholesale Liquor Taxes

1%

Other Revenue

16%

October 2014 Revenues

City of Fairview – Expenditures $527,418

11/13/14

Salaries

51%

Building Permit

Reimbursement

8%

Medical, Dental, Vision Ins

6%

OASI Employer's Share

4%

TCRS Retirement

4%

Fire Equipment

3%

Part-Time Salaries

3%

Fire Safer Grant Salaries

2%

Debt Service

2%

Gas, Oil, Diesel Fuel,

Grease, etc.

2%

Other

15%

October 2014 Expenditures

11/13/14 October YTD

Projected Revenue $ 400,440 $ 1,449,621

Actual Revenue $ 373,725 $ 1,424,205

Variance $ (26,715) $ (25,416)

July August September October November December January February March April May June

Projected $362,541 $711,724 $1,049,181 $1,449,621 $1,852,563 $2,689,392 $3,239,383 $3,944,125 $4,314,136 $4,691,828 $5,101,769 $5,647,795

Actual $425,632 $737,920 $1,050,480 $1,424,205

$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

Projected vs Acual Revenues

11/13/14 October YTD

Projected Expenditures $ 512,513 $ 1,840,497

Actual Expenditures $ 527,418 $ 1,755,087

Variance $ 15,105 $ (85,410)


Projected $500,144 $877,850 $1,328,184 $1,840,496 $2,235,989 $2,800,454 $3,351,642 $3,704,148 $4,062,780 $4,431,986 $5,054,234 $5,432,911

Actual $411,363 $820,151 $1,227,669 $1,755,087

$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

Projected vs Actual Expenditures

City of Fairview – Revenues -- $1,424,205

7/1/14 thru 10/31/14

11/13/14

Sales Tax - Combined

54%

Wholesale Beer Taxes

5%

State Street Aid

5%

Property Taxes

4%

City Court Fines & Costs

3%

Fire Safer Grant

3%

School Facilities Tax

3%

Transfers In

2%

Employee Contributions

2%

State Income Tax

2%

Cable TV Franchise Tax

2%

Other Revenues

15%

FYTD Revenues

City of Fairview – FYTD 2015 Expenditures -- $1,755,087

7/1/14 thru 10/31/14

11/13/14

Salaries

46%

Medical, Dental, &

Vision Insurance

7%

Transpertation Equipment

4%

Property, Liability, &

Worker's Comp

4%

Social Security

3%

TCRS Retirement

3%

Gas, Oil, Diesel, Grease,

Etc.

3%

Part-time Salaries

3%

Fire Equipment

2%

HRA

2%

Other Expenditures

23%

FYTD Expenditures

FYTD Revenues vs Expenditures

11/13/14

7/1/14 thru 10/31/14 -- Revenues $ 1,424,205

7/1/14 thru 10/31/14 -- Expenditures $ 1,755,087

FYTD Surplus/(Deficit) $ (330,882)

$- $100,000 $200,000 $300,000 $400,000 $500,000 $600,000

July

August

September

October

July August September October

Expenses $411,363 $408,788 $407,518 $527,418

Revenue $425,632 $312,288 $312,560 $373,725

Revenues vs Expenditures

11/13/14

FY 15 Revenues -- July thru October $ 1,424,205 FY 14 Revenues -- July thru October $ 1,103,294

FY 15 Above/(Below) FY 14 Revenues $ 320,911


FY 14 $286,849 $245,447 $263,222 $307,775 $313,188 $802,095 $425,874 $574,980 $325,660 $315,103 $335,048 $362,507

FY15 $425,632 $312,288 $312,560 $373,725

$-

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

$800,000

$900,000

Fiscal Year 14 vs Fiscal Year 15

Revenues Comparison

11/13/14

FY 15 Expenditures -- July thru October $ 1,755,087 FY 14 Expenditures -- July thru October $ 1,875,672

FY 15 Above/(Below) FY 14 Expenditures $ (120,585)


FY 14 $465,782 $421,036 $483,269 $505,583 $619,402 $409,135 $413,461 $348,745 $349,299 $481,656 $569,314 $276,791

FY15 $411,363 $408,788 $407,518 $527,418

$-

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

Fiscal Year 14 vs Fiscal Year 15

Expenditures Comparison

OCTOBER 2014

FINANCE REPORT