HomeMy WebLinkAbout2015 - February 2015 Monthly Financial Report - -City of East Wenatchee, Washington
Monthly Financial Report - February 2015
Cash Flow, Revenue, Expenses and Changes in Fund Balances - Fluctuation Comments
Month and Two Months ending February 2015:
Revenue:
Revenue for the months of January and February each exceeded our forecasts. Sales taxes, electric utility taxes, and natural gas utility
taxes were slightly higher than forecast. The two primary reasons for our positive revenue variances are gambling taxes and receipts from
reimbursements of costs incurred in 2014. 4th quarter gambling activity was historically much higher for the last significant gambling
establishment in the City. Reimbursements for 2014 storm water operations and capital projects exceeded $138,000 for the two months.
As is reflected on the revenue statement, actual revenue totaled $1,367,000 for the two month, compared to our estimates of $1,174,000.
The factors identified above totalled most of the positive variance.
Expenditures:
Operating expenditures for each of the two months were normal. We benefitted from the small amount of snow, but spent monies on
stockpiling snow and ice removal supplies. Payroll costs were normal, except for the separation costs of a retiring police sergeant. We are
in the early stages of our capital project season and generally are incurring only modest amounts of engineering and planning costs.
As reflected on the expenditure statement, actual expenses for the two months totalled $1,176,000 compared to our budgets of $1,293,000.
Cash Balances - End of February 2015: $4,497,858
Cash balances increased in by $190,853 during the first two months of 2015, primarily from the positive variances in revenue receipts and
expenditures identified above.
Nick A. Gerde, Finance Director
March 18, 2015
City of East Wenatchee, Washington
Monthly Financial Report
Revenue, Expenses and Changes in Fund Balances MONTH OF FEBRUARY 2015
Cash Cash
Beg Balance Add:Add:Resources Less:Less:End Balance
Fund 2/1/2015 Revenue Non-Revenue Available Expenditures Non-Expends 2/28/2015
General Fund 001 2,807,271.26$ 562,858.36 23,329.40 3,393,459.02 511,041.46 16,795.43 2,865,622.13$
Street Fund 101 140,188.96 95,596.59 - 235,785.55 84,980.15 150,805.40
Comm Dev Grants Fund 102 58,495.71 - - 58,495.71 - - 58,495.71
Library Fund 112 1,226.29 - - 1,226.29 895.90 - 330.39
Hotel/Motel Tax Fund 113 80,128.54 3,249.14 - 83,377.68 - - 83,377.68
Drug Fund 114 5,871.92 1.84 - 5,873.76 1,476.93 - 4,396.83
Criminal Justice Fund 116 45,778.22 - - 45,778.22 - - 45,778.22
Events Board Fund 117 32,505.08 6,904.42 - 39,409.50 7,476.61 - 31,932.89
-
Bond Redemption Fund 202 7,015.24 - 7,015.24 - - 7,015.24
Street Improvements Fund 301 367,248.67 - - 367,248.67 26,611.68 - 340,636.99
Storm Water Improvements Fund 308 7,838.01 107,488.73 115,326.74 31,663.52 - 83,663.22
Capital Improvements Fund 314 592,381.46 9,941.60 - 602,323.06 - - 602,323.06
-
Equipment R& R Fund 501 20,627.93 18,333.33 38,961.26 4,244.48 - 34,716.78
Transportation Benefit Distr 620 173,582.04 15,182.00 - 188,764.04 - - 188,764.04
Total for All City Operations 4,340,159.33$ 819,556.01$ 23,329.40$ 5,183,044.74$ 668,390.73$ 16,795.43$ 4,497,858.58$
Total Budgets 648,155.00$ 27,000.00$ 746,105.00$ 28,100.00$
City of East Wenatchee, Washington
Monthly Financial Report
Revenue, Expenses and Changes in Fund Balances TWO MONTHS THRU FEBRUARY 2015
Cash Cash
Beg Balance Add:Add:Resources Less:Less:End Balance
Fund 1/1/2015 Revenue Non-Revenue Available Expenditures Non-Expends 2/28/2015
General Fund 001 2,856,810.00$ 930,568.52 39,045.76 3,826,424.28$ 927,899.68 32,902.47 2,865,622.13$
Street Fund 101 113,631.35 167,520.53 - 281,151.88 130,346.48 - 150,805.40
Comm Dev Grants Fund 102 58,495.71 - - 58,495.71 - - 58,495.71
Library Fund 112 1,370.13 - - 1,370.13 1,039.74 - 330.39
Hotel/Motel Tax Fund 113 77,869.91 5,507.77 - 83,377.68 - - 83,377.68
-
Drug Fund 114 5,868.43 5.33 - 5,873.76 1,476.93 - 4,396.83
-
Criminal Justice Fund 116 41,698.91 4,079.31 - 45,778.22 - - 45,778.22
Events Board Fund 117 35,186.36 11,703.99 - 46,890.35 14,957.46 - 31,932.89
-
Bond Redemption Fund 202 7,015.24 - - 7,015.24 - - 7,015.24
Street Improvements Fund 301 367,248.67 - - 367,248.67 26,611.68 - 340,636.99
-
Storm Water Improvements Fund 308 - 115,326.74 - 115,326.74 31,663.52 - 83,663.22
Capital Improvements Fund 314 574,459.56 27,863.50 602,323.06 - - 602,323.06
Equipment R& R Fund 501 7,331.16 36,666.66 - 43,997.82 9,281.04 - 34,716.78
Transportation Benefit Distr 620 160,019.73 28,923.00 - 188,942.73 178.69 - 188,764.04
Total for All City Operations 4,307,005.16$ 1,328,165.35$ 39,045.76$ 5,674,216.27$ 1,143,455.22$ 32,902.47$ 4,497,858.58$
Total Budgets 1,125,970.00$ 48,000.00$ 1,245,235.00$ 48,000.00$