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HomeMy WebLinkAbout10-2013 Cash Reserve SummaryN PEACE R, Tab October 2013 101 201 202 226 227 249 404 408 711 Distribution Period Ending: Issued BY: October 2013 Controller City of South Bend Cash Reserves Summary Contents Cash Reserves Summary, October 31, 2013 General Fund Trends Parks & Recreation Fund Trends Motor Vehicle Highway Fund Trends Liability Insurance Fund Trends Loss Recovery Fund Trends Public Safety LOIT Fund Trends County Option Income Tax Fund (COIT) Trends Economic Development Income Tax Fund (EDIT) Trends Self - funded Employee Benefits Fund Trends Mayor Chief of Staff Controller Deputy City Controller City Finance Director Financial Officer Department Heads Fiscal Officers Pete Buttigieg Kathryn Roos Mark Neal John Murphy Rahman Johnson Cecil Eastman Cash Reserve Summary October 2013 Page 1 of 13 City of South Bend Cash Reserves Summary October 31, 2013 Fund Fund Name Cash Outstanding Available Cash Reserve Actual Balance Encumbrances Cash Requirement Variance Percentage Notes Cash Reserve Policy City Controlled Funds General Fund 101 GENERAL FUND 17,800,705.09 983,978.50 16,816,726.59 16,272,893.00 543,833.59 26% Propety taxes June and December 25% of annual expenditures - higher due to property tax delays Special Revenue Funds 102 RAINY DAY FUND 8,614,508.66 0.00 8,614,508.66 8,466,515.37 147,993.29 3% 0 No expenditures budeted 3% contingency of total expenditures in previous fiscal year 201 PARKS & RECREATION 2,422,938.47 296,028.31 2,126,910.16 3,231,865.75 (1,104,955.59) 16% © Propety taxes June and December 25% of annual expenditures - higher due to property tax delays 202 MOTOR VEHICLE HIGHWAY 4,392,247.32 663,557.54 3,728,689.78 1,835,299.20 1,893,390.58 41% 0 Transfers from EDIT fund 20% of annual expenditures 203 RECREATION - NONREVERTING 801,131.24 74,495.36 726,635.88 312,155.40 414,480.48 47% 0 20% of annual expenditures 209 STUDEBAKER /OLIVER REVERTING GRANTS 1,082,985.12 0.00 1,082,985.12 200,000.00 882,985.12 108% 20% of annual expenditures 210 DEPT COMMUNITY INVESTMENT STATE GRANTS 682,363.60 0.00 682,363.60 252,155.40 430,208.20 54% 20% of annual expenditures 211 DCI ADMINISTRATION FUND 480,177.91 21,868.83 458,309.08 470,866.20 (12,557.12) 19% © 4Q EDIT transfer made in November 20% of annual expenditures 212 DCI GRANT FUND 583,505.43 3,400,959.76 (2,817,454.33) (2,817,454.33) 0.00 0% DCI grant fund - CDBG, HUD, etc. Grant fund - reimbursement grants - no reserves 216 POLICE STATE SEIZURES 153,155.43 0.00 153,155.43 9,180.00 143,975.43 334% 20% of annual expenditures 217 GIFT, DONATION, BEQUEST 74,706.57 1,310.22 73,396.35 2,150.40 71,245.95 100% 20% of annual expenditures 218 POLICE CURFEW VIOLATIONS 11,403.45 0.00 11,403.45 200.00 11,203.45 1140% 20% of annual expenditures 220 LAW ENFORCEMENT CONTINUING EDUCATION 977,428.36 20,383.14 957,045.22 95,626.20 861,419.02 200% 20% of annual expenditures 227 LOSS RECOVERY FUND 8,041,612.83 83,835.98 7,957,776.85 105,237.00 7,852,539.85 1512% 20% of annual expenditures 249 PUBLIC SAFETY L.O.I.T. 1,081,697.22 0.00 1,081,697.22 1,420,351.40 (338,654.18) 15% © Quarterly transfers and settlements 20% of annual expenditures 251 LOCAL ROADS & STREETS 1,764,435.35 153,879.10 1,610,556.25 247,184.80 1,363,371.45 130% 20% of annual expenditures 252 EXCESS WELFARE DISTRIBUTION 1,149.39 0.00 1,149.39 0.00 1,149.39 100% 20% of annual expenditures 258 HUMAN RIGHTS - FEDERAL GRANT 501,581.56 4,818.98 496,762.58 45,786.00 450,976.58 217% 20% of annual expenditures 271 EASTRACE WATERWAY 14,366.94 346.27 14,020.67 69.20 13,951.47 100% 0 20% of annual expenditures 273 MORRIS PAC / PALAIS ROYALE MARKETING 27,357.97 753.79 26,604.18 2,029.80 24,574.38 262% 0 20% of annual expenditures 280 POLICE BLOCK GRANTS 3,815.78 0.00 3,815.78 37,000.00 (33,184.22) 2% © Police grant fund, reimbursement 20% of annual expenditures 281 REDEVLOPMENT COMMISSION - REV BONDS 27,117.66 0.00 27,117.66 5,420.40 21,697.26 100% 0 20% of annual expenditures 289 HAZMAT 16,201.37 1,990.00 14,211.37 700.00 13,511.37 406% 20% of annual expenditures 291 INDIANA RIVER RESCUE 98,753.11 2,182.26 96,570.85 18,425.20 78,145.65 105% 20% of annual expenditures 292 POLICE GRANTS 99,745.88 19,449.56 80,296.32 22,000.00 58,296.32 73% 20% of annual expenditures 294 REGIONAL POLICE ACADEMY 68,301.33 0.00 68,301.33 5,700.00 62,601.33 240% 0 20% of annual expenditures 295 COPS MORE GRANT 104,526.95 360.00 104,166.95 8,396.00 95,770.95 248% 0 20% of annual expenditures 299 POLICE FEDERAL DRUG ENFORCEMENT 389,149.92 10,404.00 378,745.92 37,714.60 341,031.32 201% 0 20% of annual expenditures 404 COUNTY OPTION INCOME TAX 14,873,160.72 237,185.11 14,635,975.61 4,721,708.50 9,914,267.11 155% 0 50% of annual expenditures - higher due to bonding and rating agencies 408 ECONOMIC DEVELOPMENT INCOME TAX 10,128,859.54 397,197.07 9,731,662.47 4,496,689.50 5,234,972.97 108% 0 50% of annual expenditures - higher due to bonding and rating agencies 410 URBAN DEVELOPMENT ACTION GRANT (UDAG) 27,452.03 0.00 27,452.03 53,629.20 (26,177.17) 10% © UDAG revenue is minimal 20% of annual expenditures 655 PROJECT RELEAF 922,835.31 6,946.03 915,889.28 86,413.00 829,476.28 212% 20% of annual expenditures 705 POLICE K -9 UNIT 1,937.48 0.00 1,937.48 400.00 1,537.48 97% 20% of annual expenditures Total Special Revenue Funds 58,470,609.90 5,397,951.31 53,072,658.59 23,373,414.19 29,699,244.40 Debt Service Fund 313 HALL OF FAME DEBT SERVICE 96,413.50 0.00 96,413.50 253,600.00 (157,186.50) 8% 0 Propety taxes June and December 20% of annual expenditures - cash flow problems due to property taxes Capital Project Funds 288 EMS / FIRE DEPARTMENT CAPITAL 3,101,926.66 4,631,253.18 (1,529,326.52) 2,215,632.60 (3,744,959.12) -14% 0 Bond funding in process 20% of annual expenditures 377 PROFESSIONAL SPORTS DEVELOPMENT 691,175.70 0.00 691,175.70 175,334.20 515,841.50 79% 20% of annual expenditures 401 COVELESKI STADIUM CAPITAL 26,840.13 3,540.44 23,299.69 708.00 22,591.69 658% 20% of annual expenditures 403 ZOO ENDOWMENT 48,995.83 0.00 48,995.83 0.00 48,995.83 100% 20% of annual expenditures 405 PARK NONREVERTING CAPITAL 387,959.25 24,287.26 363,671.99 43,463.20 320,208.79 167% 0 1 20% of annual expenditures 406 CUMULATIVE CAPITAL DEVELOPMENT 740,519.95 0.00 740,519.95 227,805.00 512,714.95 81% 0 25% of annual expenditures - higher due to property tax delays 407 CUMULATIVE CAPITAL IMPROVEMENT 34,362.62 0.00 34,362.62 91,893.75 (57,531.13) 9% 0 Cigarette and hotel /motel taxes 25% of annual expenditures - higher due to state tax delays 412 MAJOR MOVES CONSTRUCTION 7,064,357.14 1,162,080.45 5,902,276.69 679,169.20 5,223,107.49 174% 0 20% of annual expenditures 416 MORRIS PERFORMING ARTS CENTER CAPITAL 427,504.28 17,604.94 409,899.34 14,533.20 395,366.14 564% 0 20% of annual expenditures 434 CREED FUND (649,944.31) 0.00 (649,944.31) 218,487.25 (868,431.56) -74% 0 CREED tax received in fourth quarter 25% of annual expenditures - higher due to state tax delays 450 PALAIS ROYALE HISTORIC PRESERVATION 71,582.89 0.00 71,582.89 0.00 71,582.89 100% 0 20% of annual expenditures 677 HALL OF FAME CAPITAL FUND 668,947.81 0.00 668,947.81 35,864.40 633,083.41 373% 0 20% of annual expenditures Total Capital & Debt Service Funds 12,710,641.45 5,838,766.27 6,871,875.18 3,956,490.80 2,915,384.38 0 Enterprise Funds 600 CONSOLIDATED BUILDING DEPARTMENT 186,307.46 24,710.09 161,597.37 229,630.40 (68,033.03) 14% © Cash reserves less than target 20% of annual expenditures 120% 601 PARKING GARAGES 959,057.92 247,208.07 711,849.85 225,967.80 485,882.05 63% 0 of annual expenditures Cash Reserve Report 11/27/2013 Page 2 City of South Bend Cash Reserves Summary October 31, 2013 Fund Fund Name Cash Outstanding Available Cash Reserve Actual Balance Encumbrances Cash Requirement Variance Percentage Notes Cash Reserve Policy 610 SOLID WASTE OPERATIONS 858,736.91 296,233.73 562,503.18 1,129,596.80 (567,093.62) 10% © High blanket encumbrances, cash ok 20% of annual expenditures 611 SOLID WASTE CAPITAL 198,747.60 24,701.60 174,046.00 0.00 174,046.00 No Reserves - transfer from operating account for debt service as needed 620 WATER WORKS OPERATIONS 3,227,345.99 349,149.79 2,878,196.20 739,797.35 2,138,398.85 19% Q 5% of annual expenditures, $1.5 million target, see also fund 629 622 WATER WORKS CAPITAL 3,611,006.75 107,193.52 3,503,813.23 243,358.40 3,260,454.83 288% Q 20% of annual expenditures 623 WATERWORKS BOND CAPITAL 2,938,553.94 2,371,428.64 567,125.30 0.00 567,125.30 Q Bond fund - spend down to zero - no reserves 624 WATER WORKS CUSTOMER DEPOSIT 1,449,700.86 0.00 1,449,700.86 1,449,700.86 0.00 100% Q 100% cash reserves for customer deposits 625 WATERWORKS SINKING FUND 1,304,166.15 0.00 1,304,166.15 0.00 1,304,166.15 Q No Reserves - transfer from operating account for debt service as needed 626 WATER WORKS BOND RESERVE 1,530,190.74 0.00 1,530,190.74 1,530,190.74 0.00 100% Q 100% cash reserves per bond covenants and Crowe Horwath 629 WATER WORKS RESERVE - O & M 2,031,531.68 0.00 2,031,531.68 1,250.25 2,030,281.43 27087% Q 16.67% of annual operating expenses in fund 620, net of transfers 640 SEWER REPAIR INSURANCE 1,331,511.87 11,403.31 1,320,108.56 111,168.80 1,208,939.76 237% 20% of annual expenditures 641 SEWAGE WORKS OPERATIONS 6,824,334.67 1,685,218.76 5,139,115.91 1,765,937.00 3,373,178.91 15% 5% of annual expenditures, $1.5 million target, see also fund 643 642 SEWAGE WORKS CAPITAL 5,350,358.29 5,693,257.70 (342,899.41) 2,299,914.20 (2,642,813.61) -3% © High encumbrances, capital fund 20% of annual expenditures 643 SEWAGE WORKS RESERVE - O & M 3,292,599.55 0.00 3,292,599.55 3,000.60 3,289,598.95 18292% 16.67% of annual operating expenses in fund 641, net of transfers 645 2006 SEWER BOND 0.00 0.00 0.00 0.00 0.00 Q Bond fund - spend down to zero - no reserves 647 2007 SEWER BOND 5,401.87 5,400.75 1.12 0.00 1.12 Q Bond fund - spend down to zero - no reserves 649 SEWAGE WORKS BOND SINKING 6,084,485.78 0.00 6,084,485.78 0.00 6,084,485.78 Q No Reserves - transfer from operating account for debt service as needed 650 CLAY SEWAGE WORKS OPERATIONS 0.00 0.00 0.00 0.00 0.00 #DIV /0! 0 100% reserves of cash available 651 2007B SEWER BOND 3,639.75 3,639.00 0.75 0.00 0.75 Bond fund - spend down to zero - no reserves required 653 SEWAGE WORKS DEBT SERVICE RESERVE 7,286,825.11 0.00 7,286,825.11 7,286,825.11 0.00 100% 0 100% cash reserves per bond covenants and Crowe Horwath 658 2010 SEWER BOND 3,681.80 3,680.50 1.30 0.00 1.30 Bond fund - spend down to zero - no reserves required 659 2011 SEWER BOND 8,397,221.61 6,036,027.13 2,361,194.48 0.00 2,361,194.48 Bond fund - spend down to zero - no reserves required 661 2012 SEWER BOND 19,726,632.60 2,303,402.62 17,423,229.98 0.00 17,423,229.98 Bond fund - spend down to zero - no reserves required 664 2013A SEWER REFUNDING BOND 4,681.02 0.00 4,681.02 0.00 4,681.02 427,843.00 32% Q Bond fund - spend down to zero - no reserves required 670 CENTURY CENTER 1,137,334.80 0.00 1,137,334.80 709,491.80 Q 20% of annual expenditures 671 CENTURY CENTER CAPITAL 1,919,493.00 0.00 1,919,493.00 246,770.00 1,672,723.00 100% 20% of annual expenditures, $800,000 minimum per Board of Managers Total Enterprise Funds 79,663,547.72 19,162,655.21 60,500,892.51 17,972,600.11 42,528,292.40 Q Internal Service Funds 222 CENTRAL SERVICES 1,000,669.93 180,427.37 820,242.56 761,799.80 58,442.76 22% exclude utilities budget & encumbrance 20% of annual expenditures, excluding utility accounting 226 LIABILITY INSURANCE 5,565,684.41 1,986.59 5,563,697.82 728,981.75 4,834,716.07 191% 25% of annual expenditures - higher reserves for future claims 278 TAKE HOME VEHICLE POLICE 433,691.19 0.00 433,691.19 20,740.00 412,951.19 418% 20% of annual expenditures 711 SELF - FUNDED EMPLOYEE BENEFITS 6,293,563.91 1,887.01 6,291,676.90 3,337,207.25 2,954,469.65 47% 25% of annual expenditures - higher reserves for future claims 713 UNEMPLOYMENT COMP FUND 243,668.75 0.00 243,668.75 53,449.40 190,219.35 91% Rates charged to departments reduced 20% of annual expenditures Total Internal Service Funds 13,537,278.19 184,300.97 13,352,977.22 4,902,178.20 8,450,799.02 Trust & Agency Funds 701 FIREFIGHTERS PENSION 1,844,878.81 0.00 1,844,878.81 1,475,007.00 369,871.81 31% Q Pension relief June & September 25% of annual expenditures, higher due to pension relief paid later 702 POLICE PENSION 2,780,287.49 0.00 2,780,287.49 1,732,283.25 1,048,004.24 40% Q Pension relief June & September 25% of annual expenditures, higher due to pension relief paid later 703 POLICE /FIRE 1977 STATE PENSION 273.49 0.00 273.49 273.49 0.00 100% 100% cash reserves - trust & agency funds 709 PAYROLL FUND (242.11) 0.00 (242.11) (242.11) 0.00 100% 100% cash reserves - trust & agency funds 712 PUBLIC EMPLOYEES RETIREMENT FUND 695.88 0.00 695.88 695.88 0.00 100% 100% cash reserves - trust & agency funds 718 STATE TAX DEDUCTION FUND 254,764.11 0.00 254,764.11 254,764.11 0.00 100% 100% cash reserves - trust & agency funds 725 MORRIS / PALAIS BOX OFFICE 2,385,611.25 0.00 2,385,611.25 2,385,611.25 0.00 100% Q 100% cash reserves - trust & agency funds 730 CITY CEMETERY TRUST 36,920.40 11,895.00 25,025.40 3,000.00 22,025.40 167% 20% of annual expenditures Total Trust & Agency Funds 7,303,189.32 11,895.00 7,291,294.32 5,851,392.87 1,439,901.45 Total City Funds 189,485,971.67 31,579,547.26 157,906,424.41 72,328,969.17 85,577,455.24 Redevelopment Commission Controlled Funds Tax Increment Financing Funds 324 TIF REVENUE - AIRPORT 19,737,824.47 778,937.66 18,958,886.81 6,311,148.00 12,647,738.81 75% Q Propety taxes June and December 25% of annual expenditures - higher due to property tax delays 420 TIF DISTRICT - SBCDA GENERAL (DOWNTOWN) 1,967,400.09 396,014.84 1,571,385.25 1,325,525.50 245,859.75 30% Q Propety taxes June and December 25% of annual expenditures - higher due to property tax delays 422 TIF DISTRICT - WEST WASHINGTON 411,487.71 36,152.27 375,335.44 167,203.75 208,131.69 56% Q Propety taxes June and December 25% of annual expenditures - higher due to property tax delays 425 TIF LEIGHTON PLAZA 136,779.85 0.00 136,779.85 30,237.00 106,542.85 90% Q 20% of annual expenditures 426 TIF CENTRAL MEDICAL SERVICE AREA 3,103,517.46 880,664.17 2,222,853.29 1,192,636.00 1,030,217.29 47% Q Propety taxes June and December 25% of annual expenditures - higher due to property tax delays 429 TIF NORTHEAST DISTRICT 2,604,996.93 5,500.00 2,599,496.93 597,248.75 2,002,248.18 109% Q Propety taxes June and December 25% of annual expenditures - higher due to property tax delays 430 TIF SOUTHSIDE DEVELOPMENT AREA #1 3,642,517.76 1,814,612.50 1,827,905.26 1,530,721.25 297,184.01 30% Q Propety taxes June and December 25% of annual expenditures - higher due to property tax delays 432 TIF SSDA #3 - ERSKINE VILLAGE 6,315,157.64 0.00 6,315,157.64 125,317.00 6,189,840.64 1260% Q Propety taxes June and December 25% of annual expenditures - higher due to property tax delays 435 TIF - DOUGLAS ROAD 134,779.41 4,500.00 130,279.41 113,695.50 16,583.91 29% Propety taxes June and December 25% of annual expenditures - higher due to property tax delays Cash Reserve Report 11/27/2013 Page 3 City of South Bend Cash Reserves Summary October 31, 2013 Fund Fund Name Cash Outstanding Available Cash Reserve Actual Balance Encumbrances Cash Requirement Variance Percentage Notes Cash Reserve Policy 436 TIF - NORTHEST RESIDENTIAL 1,630,713.63 0.00 1,630,713.63 807,489.25 823,224.38 50% Propety taxes June and December 25% of annual expenditures - higher due to property tax delays Total Tax Increment Financing Funds 39,685,174.95 3,916,381.44 35,768,793.51 12,201,222.00 23,567,571.51 Q Redevelopment Funds 433 REDEVELOPMENT ADMINISTRATION GENERAL 25,738.96 2,661.35 23,077.61 1,357.40 21,720.21 340% 0 20% of annual expenditures 439 CERTIFIED TECHNOLOGY PARK 2,268,607.88 0.00 2,268,607.88 0.00 2,268,607.88 100% Q No 2013 expenditure budget 20% of annual expenditures 454 AIRPORT URBAN ENTERPRISE ZONE 376,231.99 0.00 376,231.99 0.00 376,231.99 100% No 2013 expenditure budget 20% of annual expenditures 619 BLACKTHORN GOLF COURSE OPERATIONS 215,964.03 0.00 215,964.03 399,541.20 (183,577.17) 11% © Cash reserves less than target 20% of annual expenditures Total Redevelopment Funds 2,886,542.86 2,661.35 2,883,881.51 400,898.60 2,482,982.91 Debt Service Funds 315 AIRPORT 2003 DEBT RESERVE 1,038,904.00 0.00 1,038,904.00 1,038,904.00 0.00 100% 100% debt service reserve per bond covenants 317 COVELESKI BOND DEBT RESERVE 503,285.70 0.00 503,285.70 503,285.70 0.00 100% 100% debt service reserve per bond covenants 319 REDEVELOPMENT BOND - BLACKTHORN GOLF 0.00 0.00 0.00 0.00 0.00 0% 100% debt service reserve per bond covenants 328 SBCDA 2003 DEBT RESERVE 1,735,840.00 0.00 1,735,840.00 1,735,840.00 0.00 100% 100% debt service reserve per bond covenants Total Debt Service Funds 3,278,029.70 0.00 3,278,029.70 3,278,029.70 0.00 Total Redevelopment Commission Funds 45,849,747.51 3,919,042.79 41,930,704.72 15,880,150.30 26,050,554.42 City Operations Total 235,335,719.18 35,498,590.05 199,837,129.13 88,209,119.47 111,628,009.66 Cash Reserve Report 11/27/2013 Page 4 $35,000,000.00 $30,000,000.00 $25,000,000.00 $20,000,000.00 $15,000,000.00 $10,000,000.00 $5,000,000.00 General Fund - 101 �e,a tAvailable Cash f Reserve Requirement 50% 45% — 40% 35% Actual 30% Percent 25% 20% 15% 10% –0--Percent 5% Requirement 0% �� �P ,�5 Percent Date Reserve Date Available Cash 43% Requirement 31- Dec -12 $ 27,733,383.63 $ 16,173,912.25 31- Jan -13 $ 25,550,484.83 $ 16,173,912.25 28- Feb -13 $ 22,353,542.47 $ 16,173,912.25 31- Mar -13 $ 16,598,780.26 $ 16,233,266.50 30- Apr -13 $ 15,116,269.16 $ 16,233,266.50 31- May -13 $ 12,079,846.98 $ 16,233,266.50 30- Jun -13 $ 29,307,356.46 $ 16,233,266.50 31- Jul -13 $ 27,482,947.63 $ 16,233,266.50 31- Aug -13 $ 22,315,551.29 $ 16,233,266.50 30- Sep -13 $ 18,544,399.98 $ 16,233,266.50 31- Oct -13 $ 16,816,726.59 $ 16,272,893.00 50% 45% — 40% 35% Actual 30% Percent 25% 20% 15% 10% –0--Percent 5% Requirement 0% �� �P ,�5 Percent Date Actual Percent Requirement 31- Dec -12 43% 25% 31- Jan -13 39% 25% 28- Feb -13 35% 25% 31- Mar -13 26% 25% 30- Apr -13 23% 25% 31- May -13 19% 25% 30- Jun -13 45% 25% 31- Jul -13 42% 25% 31- Aug -13 34% 25% 30- Sep -13 29% 25% 31- Oct -13 26% 25% Parks & Recreation - 201 $6,000,000.00 $5,000,000.00 $4,000,000.00 Available Cash $3,000,000.00 $2,000,000.00 --W-Reserve $1,000,000.00 Requirement $- OTC; ,ate � NIO �ai' ,JK 40% 35% 30% 25% 20% 15% 10% 5% ,J\ N N � N N� NP N� � N �Q ��' N. Actual Percent f Percent Requirement Percent Date Reserve Date Available Cash 25% Requirement 31- Dec -12 $ 4,763,668.60 $ 3,223,115.75 31- Jan -13 $ 3,563,772.38 $ 3,223,115.75 28- Feb -13 $ 2,773,384.04 $ 3,223,115.75 31- Mar -13 $ 1,708,681.50 $ 3,223,115.75 30- Apr -13 $ 1,052,663.00 $ 3,223,115.75 31- May -13 $ 866,259.51 $ 3,223,115.75 30- Jun -13 $ 4,545,667.87 $ 3,223,115.75 31- Jul -13 $ 4,143,899.98 $ 3,223,115.75 31- Aug -13 $ 3,304,340.26 $ 3,223,115.75 30- Sep -13 $ 2,735,245.44 $ 3,223,115.75 31- Oct -13 $ 2,126,910.16 $ 3,231,865.75 Actual Percent f Percent Requirement Percent Date Actual Percent Requirement 31- Dec -12 37% 25% 31- Jan -13 28% 25% 28- Feb -13 22% 25% 31- Mar -13 13% 25% 30- Apr -13 8% 25% 31- May -13 7% 25% 30- Jun -13 35% 25% 31- Jul -13 32% 25% 31- Aug -13 26% 25% 30- Sep -13 21% 25% 31- Oct -13 16% 25% Actual Percent f Percent Requirement $4,500,000.00 $4,000,000.00 $3,500,000.00 $3,000,000.00 $2,500,000.00 $2,000,000.00 $1,500,000.00 $1,000,000.00 $500,000.00 0 NO) NI5 Nrb NO r rb N15 NIb <5 rb OeCr ,:Q. OPT Motor Vehicle Highway - 202 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% Date 31- Dec -12 31- Jan -13 28- Feb -13 31- Mar -13 30- Apr -13 31- May -13 30- Jun -13 31- Jul -13 31- Aug -13 30- Sep -13 31- Oct -13 Available Cash $ 2,057,519.44 $ 1,840,647.98 $ 1,556,523.49 $ 1,348,215.94 $ 3,844,596.47 $ 2,375,503.84 $ 2,582,299.16 $ 3,701,668.02 $ 3,587,289.24 $ 3,867,160.45 $ 3,728,689.78 Reserve Requirement 1,813,299.20 1,813,299.20 1,813,299.20 1,813,299.20 1,813,299.20 1,813,299.20 1,813,299.20 1,813,299.20 1,813,299.20 1,813,299.20 1,835,299.20 �OGX Date 31- Dec -12 31- Jan -13 28- Feb -13 31- Mar -13 30- Apr -13 31- May -13 30- Jun -13 31- Jul -13 31- Aug -13 30- Sep -13 31- Oct -13 Actual Percent 23% 20% 17% 15% 42% 26% 28% 41% 40% 43% 41% Percent Requirement 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% Available Cash f Reserve Requirement Actual Percent f Percent Requirement Liability Insurance - 226 $6,000,000.00 — $5,000,000.00 ojjlji $4,000,000.00 Available Cash $3,000,000.00 $2,000,000.00 f Reserve $1,000,000.00 Requirement 250% 200% 150% Actual Percent 100% --o—Percent 50% Requirement 0% O�G ��� F�•Q lac' Pic �� ��� �I �� OG� Percent Date Reserve Date Available Cash 25% Requirement 31- Dec -12 $ 5,245,130.31 $ 728,981.75 31- Jan -13 $ 5,237,429.00 $ 728,981.75 28- Feb -13 $ 5,339,402.41 $ 728,981.75 31- Mar -13 $ 5,492,965.69 $ 728,981.75 30- Apr -13 $ 5,485,327.28 $ 728,981.75 31- May -13 $ 5,537,525.90 $ 728,981.75 30- Jun -13 $ 5,697,952.53 $ 728,981.75 31- Jul -13 $ 5,288,540.45 $ 728,981.75 31- Aug -13 $ 5,269,618.39 $ 728,981.75 30- Sep -13 $ 5,430,336.47 $ 728,981.75 31- Oct -13 $ 5,563,697.82 $ 728,981.75 250% 200% 150% Actual Percent 100% --o—Percent 50% Requirement 0% O�G ��� F�•Q lac' Pic �� ��� �I �� OG� Percent Date Actual Percent Requirement 31- Dec -12 180% 25% 31- Jan -13 180% 25% 28- Feb -13 183% 25% 31- Mar -13 188% 25% 30- Apr -13 188% 25% 31- May -13 190% 25% 30- Jun -13 195% 25% 31- Jul -13 181% 25% 31- Aug -13 181% 25% 30- Sep -13 186% 25% 31- Oct -13 191% 25% $9,000,000.00 $8,000,000.00 $7,000,000.00 $6,000,000.00 $5,000,000.00 $4,000,000.00 $3,000,000.00 f Reserve $2,000,000.00 Requirement $1,000,000.00 Loss Recovery Fund - 227 Available Cash 1600% 1400% 1200% 1000% Actual 800% Percent 600% f Percent 400% Requirement 200% 0% O�G ��� F�•Q lac' Pic �� ��� ��\ �� eQ C Percent Date Reserve Date Available Cash 20% Requirement 31- Dec -12 $ 4,323,375.44 $ 105,237.00 31- Jan -13 $ 4,325,602.08 $ 105,237.00 28- Feb -13 $ 4,327,476.71 $ 105,237.00 31- Mar -13 $ 4,330,502.38 $ 105,237.00 30- Apr -13 $ 4,305,322.97 $ 105,237.00 31- May -13 $ 4,248,806.13 $ 105,237.00 30- Jun -13 $ 4,241,869.33 $ 105,237.00 31- Jul -13 $ 8,017,301.53 $ 105,237.00 31- Aug -13 $ 7,992,320.28 $ 105,237.00 30- Sep -13 $ 7,983,890.02 $ 105,237.00 31- Oct -13 $ 7,957,776.85 $ 105,237.00 1600% 1400% 1200% 1000% Actual 800% Percent 600% f Percent 400% Requirement 200% 0% O�G ��� F�•Q lac' Pic �� ��� ��\ �� eQ C Percent Date Actual Percent Requirement 31- Dec -12 822% 20% 31- Jan -13 822% 20% 28- Feb -13 822% 20% 31- Mar -13 823% 20% 30- Apr -13 818% 20% 31- May -13 807% 20% 30- Jun -13 806% 20% 31- Jul -13 1524% 20% 31- Aug -13 1519% 20% 30- Sep -13 1517% 20% 31- Oct -13 1512% 20% Public Safety LOIT - 249 $3,500,000.00 $3,000,000.00 —+--Available Cash ble $2,500,000.00 Cash $2,000,000.00 $1,500,000.00 $1,000,000.00 t—-Reserve Requirement $500,000.00 $- - c O�� ,�� �o.Q ���' Pi �� ,J� 0�� e� '� Oc 45% 40% 35% Actual 30% Percent 25% 20% 15% (Percent 10% Requirement 5% 0% <5 Nrb Fz� tai' Q�i' z, �J> sS Jp' e9 OG Percent Date Reserve Date Available Cash 20% Requirement 31- Dec -12 $ 2,989,940.29 $ 1,420,351.40 31- Jan -13 $ 1,707,066.63 $ 1,420,351.40 28- Feb -13 $ 2,198,878.63 $ 1,420,351.40 31- Mar -13 $ 2,894,230.79 $ 1,420,351.40 30- Apr -13 $ 1,610,292.75 $ 1,420,351.40 31- May -13 $ 2,101,634.36 $ 1,420,351.40 30- Jun -13 $ 2,932,383.17 $ 1,420,351.40 31- Jul -13 $ 1,648,375.38 $ 1,420,351.40 31- Aug -13 $ 2,139,726.11 $ 1,420,351.40 30- Sep -13 $ 2,631,285.15 $ 1,420,351.40 31- Oct -13 $ 1,081,697.22 $ 1,420,351.40 45% 40% 35% Actual 30% Percent 25% 20% 15% (Percent 10% Requirement 5% 0% <5 Nrb Fz� tai' Q�i' z, �J> sS Jp' e9 OG Percent Date Actual Percent Requirement 31- Dec -12 42% 20% 31- Jan -13 24% 20% 28- Feb -13 31% 20% 31- Mar -13 41% 20% 30- Apr -13 23% 20% 31- May -13 30% 20% 30- Jun -13 41% 20% 31- Jul -13 23% 20% 31- Aug -13 30% 20% 30- Sep -13 37% 20% 31- Oct -13 15% 20% COIT - 404 $16,000,000.00 $14,000,000.00 $12,000,000.00 Available $10,000,000.00 Cash $8,000,000.00 $6,000,000.00 - -0--Reserve $4,000,000.00 - Requirement $2,000,000.00 $- T 180% 160% 140% 120% 100% 80% an 40% 20% 0% N� N NQ N` --*—Actual Percent t Percent Requirement Percent Date Reserve Date Available Cash 158% Requirement 31- Dec -12 $ 14,646,009.47 $ 4,629,457.50 31- Jan -13 $ 14,043,937.84 $ 4,629,457.50 28- Feb -13 $ 14,324,313.22 $ 4,629,457.50 31- Mar -13 $ 14,546,016.24 $ 4,629,457.50 30- Apr -13 $ 13,577,433.87 $ 4,629,457.50 31- May -13 $ 13,898,356.40 $ 4,629,457.50 30- Jun -13 $ 14,106,489.14 $ 4,629,457.50 31- Jul -13 $ 13,742,205.73 $ 4,629,457.50 31- Aug -13 $ 14,058,497.85 $ 4,629,457.50 30- Sep -13 $ 14,316,443.37 $ 4,629,457.50 31- Oct -13 $ 14,635,975.61 $ 4,721,708.50 --*—Actual Percent t Percent Requirement Percent Date Actual Percent Requirement 31- Dec -12 158% 50% 31- Jan -13 152% 50% 28- Feb -13 155% 50% 31- Mar -13 157% 50% 30- Apr -13 147% 50% 31- May -13 150% 50% 30- Jun -13 152% 50% 31- Jul -13 148% 50% 31- Aug -13 152% 50% 30- Sep -13 155% 50% 31- Oct -13 155% 50% --*—Actual Percent t Percent Requirement EDIT - 408 $12,000,000.00 $10,000,000.00 --O--Available $8,000,000.00 Cash $6,000,000.00 $4,000,000.00 --M—Reserve Requirement $2,000,000.00 $- 120% 100% 80% Actual Percent 60% 40% 20% --o—Percent Requirement 0% T OeG ��� Fep 0 Pic, a� ��� ��\ �� �� OG� Percent Date Reserve Date Available Cash 50% Requirement 31- Dec -12 $ 9,681,669.68 $ 4,466,689.50 31- Jan -13 $ 8,627,786.20 $ 4,466,689.50 28- Feb -13 $ 9,173,159.35 $ 4,466,689.50 31- Mar -13 $ 9,813,962.38 $ 4,466,689.50 30- Apr -13 $ 8,769,019.26 $ 4,466,689.50 31- May -13 $ 9,408,926.05 $ 4,466,689.50 30- Jun -13 $ 9,991,563.47 $ 4,466,689.50 31- Jul -13 $ 7,961,922.30 $ 4,466,689.50 31- Aug -13 $ 8,588,537.46 $ 4,466,689.50 30- Sep -13 $ 9,145,793.98 $ 4,466,689.50 31- Oct -13 $ 9,731,662.47 $ 4,496,689.50 120% 100% 80% Actual Percent 60% 40% 20% --o—Percent Requirement 0% T OeG ��� Fep 0 Pic, a� ��� ��\ �� �� OG� Percent Date Actual Percent Requirement 31- Dec -12 108% 50% 31- Jan -13 97% 50% 28- Feb -13 103% 50% 31- Mar -13 110% 50% 30- Apr -13 98% 50% 31- May -13 105% 50% 30- Jun -13 112% 50% 31- Jul -13 89% 50% 31- Aug -13 96% 50% 30- Sep -13 102% 50% 31- Oct -13 108% 50% $8,000,000.00 $7,000,000.00 $6,000,000.00 $5,000,000.00 $4,000,000.00 $3,000,000.00 $2,000,000.00 $1,000,000.00 Self- funded Employee Benefits - 711 �q e9, OG Available Cash f Reserve Requirement 60% 50% 40% Actual Percent 30% — 20% f Percent 10% Requirement 0% Ora �a� ��•p CP Percent Date Reserve Date Available Cash 25% Requirement 31- Dec -12 $ 7,427,897.64 $ 3,337,207.25 31- Jan -13 $ 7,292,748.29 $ 3,337,207.25 28- Feb -13 $ 7,018,370.79 $ 3,337,207.25 31- Mar -13 $ 7,196,983.44 $ 3,337,207.25 30- Apr -13 $ 7,321,766.97 $ 3,337,207.25 31- May -13 $ 7,536,131.78 $ 3,337,207.25 30- Jun -13 $ 7,345,334.98 $ 3,337,207.25 31- Jul -13 $ 7,117,175.97 $ 3,337,207.25 31- Aug -13 $ 7,122,787.23 $ 3,337,207.25 30- Sep -13 $ 6,960,945.55 $ 3,337,207.25 31- Oct -13 $ 6,291,676.90 $ 3,337,207.25 Available Cash f Reserve Requirement 60% 50% 40% Actual Percent 30% — 20% f Percent 10% Requirement 0% Ora �a� ��•p CP Percent Date Actual Percent Requirement 31- Dec -12 56% 25% 31- Jan -13 55% 25% 28- Feb -13 53% 25% 31- Mar -13 54% 25% 30- Apr -13 55% 25% 31- May -13 56% 25% 30- Jun -13 55% 25% 31- Jul -13 53% 25% 31- Aug -13 53% 25% 30- Sep -13 52% 25% 31- Oct -13 47% 25%