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HomeMy WebLinkAbout11-2013 Cash Reserve SummaryN PEACE R, Period Ending: Issued BY: November 2013 Controller City of South Bend Cash Reserves Summary Tab Contents November 2013 Cash Reserves Summary, November 30, 2013 101 General Fund Trends 201 Parks & Recreation Fund Trends 202 Motor Vehicle Highway Fund Trends 226 Liability Insurance Fund Trends 227 Loss Recovery Fund Trends 249 Public Safety LOIT Fund Trends 404 County Option Income Tax Fund (COIT) Trends 408 Economic Development Income Tax Fund (EDIT) Trends 711 Self - funded Employee Benefits Fund Trends Distribution Mayor Pete Buttigieg Chief of Staff Kathryn Roos Controller Mark Neal Deputy City Controller John Murphy City Finance Director Rahman Johnson Financial Officer Cecil Eastman Department Heads Fiscal Officers 2013 Cash Reserve Summary - November Page 1 of 13 City of South Bend Cash Reserves Summary November 30, 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 14,523,960.90 908,469.11 13,615,491.79 16,272,893.00 (2,657,401.21) 21%0 Propety taxes in June and December 25% of annual expenditures - higher due to property tax delays Special Revenue Funds 102 RAINY DAY FUND 8,615,628.58 0.00 8,615,628.58 8,466,515.37 149,113.21 3% Q No expenditures budgeted 3% contingency of total expenditures in previous fiscal year 201 PARKS & RECREATION 1,614,561.64 283,739.04 1,330,822.60 3,231,865.75 (1,901,043.15) 10% ® Propety taxes in June and December 25% of annual expenditures - higher due to property tax delays 202 MOTOR VEHICLE HIGHWAY 4,191,754.42 498,675.22 3,693,079.20 1,835,299.20 1,857,780.00 40% Transfers from EDIT fund 20% of annual expenditures 203 RECREATION - NONREVERTING 788,786.12 70,960.14 717,825.98 312,155.40 405,670.58 46% 20% of annual expenditures 209 STUDEBAKER/OLIVER REVERTING GRANTS 1,083,125.91 0.00 1,083,125.91 200,000.00 883,125.91 108% 20% of annual expenditures 210 DEPT COMMUNITY INVESTMENT STATE GRANTS 682,452.98 0.00 682,452.98 252,155.40 430,297.58 54% 20% of annual expenditures 211 DCI ADMINISTRATION FUND 1,083,268.61 18,529.50 1,064,739.11 470,866.20 593,872.91 45% 20% of annual expenditures 212 DCI GRANT FUND 527,678.40 2,950,792.04 (2,423,113.64) (2,423,113.64) 0.00 0% DCI grant fund - CDBG, HUD, etc. Grant fund - reimbursement grants - no reserves 216 POLICE STATE SEIZURES 151,896.54 0.00 151,896.54 9,180.00 142,716.54 331% 20% of annual expenditures 217 GIFT, DONATION, BEQUEST 74,716.28 1,310.22 73,406.06 2,150.40 71,255.66 100% 20% of annual expenditures 218 POLICE CURFEW VIOLATIONS 11,542.43 0.00 11,542.43 200.00 11,342.43 1154% 20% of annual expenditures 220 LAW ENFORCEMENT CONTINUING EDUCATION 966,832.17 0.08 966,832.09 95,626.20 871,205.89 202% 20% of annual expenditures 227 LOSS RECOVERY FUND 7,946,045.94 47,295.04 7,898,750.90 105,237.00 7,793,513.90 1501% 20% of annual expenditures 249 PUBLIC SAFETY L.O.I.T. 1,572,948.63 0.00 1,572,948.63 1,420,351.40 152,597.23 22% Quarterly transfers and settlements 20% of annual expenditures 251 LOCAL ROADS & STREETS 1,849,376.09 83,879.10 1,765,496.99 247,184.80 1,518,312.19 143% 20% of annual expenditures 252 EXCESS WELFARE DISTRIBUTION 1,149.54 0.00 1,149.54 0.00 1,149.54 100% 20% of annual expenditures 258 HUMAN RIGHTS - FEDERAL GRANT 489,448.35 2,675.68 486,772.67 45,786.00 440,986.67 213% 20% of annual expenditures 271 EASTRACE WATERWAY 14,368.80 346.27 14,022.53 69.20 13,953.33 100% 20% of annual expenditures 273 MORRIS PAC / PALAIS ROYALE MARKETING 27,556.73 0.00 27,556.73 2,029.80 25,526.93 272% 20% of annual expenditures 280 POLICE BLOCK GRANTS 3,816.28 0.00 3,816.28 37,000.00 (33,183.72) 2% © Police grant fund, reimbursement 20% of annual expenditures 281 REDEVLOPMENT COMMISSION - REV BONDS 27,121.18 0.00 27,121.18 5,420.40 21,700.78 100% 20% of annual expenditures 289 HAZMAT 16,203.48 1,990.00 14,213.48 700.00 13,513.48 406% 20% of annual expenditures 291 INDIANA RIVER RESCUE 96,841.36 1,371.26 95,470.10 18,425.20 77,044.90 104% 20% of annual expenditures 292 POLICE GRANTS 80,202.62 (0.01) 80,202.63 22,000.00 58,202.63 73% 20% of annual expenditures 294 REGIONAL POLICE ACADEMY 68,599.76 0.00 68,599.76 5,700.00 62,899.76 241% 20% of annual expenditures 295 COPS MORE GRANT 101,994.74 180.00 101,814.74 8,396.00 93,418.74 243% 20% of annual expenditures 299 POLICE FEDERAL DRUG ENFORCEMENT 391,894.36 5,953.00 385,941.36 37,714.60 348,226.76 205% 20% of annual expenditures 404 COUNTY OPTION INCOME TAX 15,128,441.47 185,913.20 14,942,528.27 4,721,708.50 10,220,819.77 158% 50% of annual expenditures - higher due to bonding and rating agencies 408 ECONOMIC DEVELOPMENT INCOME TAX 10,230,228.80 933,609.32 9,296,619.48 4,496,689.50 4,799,929.98 103% 50% of annual expenditures - higher due to bonding and rating agencies 410 URBAN DEVELOPMENT ACTION GRANT (UDAG) 27,580.44 0.00 27,580.44 53,629.20 (26,048.76) 10% © UDAG revenue is minimal 20% of annual expenditures 655 PROJECT RELEAF 923,644.87 3,623.29 920,021.58 86,413.00 833,608.58 213% 0 20% of annual expenditures 705 POLICE K -9 UNIT 1,937.73 0.00 1,937.73 400.00 1,537.73 97% 20% of annual expenditures Total Special Revenue Funds 58,791,645.25 5,090,842.39 53,700,802.86 23,767,754.88 29,933,047.98 Debt Service Fund 313 HALL OF FAME DEBT SERVICE 102,369.18 0.00 102,369.18 253,600.00 (151,230.82) 8% © Propety taxes in June and December 20% of annual expenditures - cash flow problems due to property taxes Capital Project Funds 288 EMS / FIRE DEPARTMENT CAPITAL 1,526,937.70 4,017,515.28 (2,490,577.58) 2,215,632.60 (4,706,210.18) -22% © Bond proceeds received in December 20% of annual expenditures 377 PROFESSIONAL SPORTS DEVELOPMENT 691,257.49 0.00 691,257.49 175,334.20 515,923.29 79% 0 20% of annual expenditures 401 COVELESKI STADIUM CAPITAL 26,843.62 3,540.44 23,303.18 708.00 22,595.18 658% 0 20% of annual expenditures 403 ZOO ENDOWMENT 49,002.20 0.00 49,002.20 0.00 49,002.20 100% 0 20% of annual expenditures 405 PARK NONREVERTING CAPITAL 378,004.06 30,446.01 347,558.05 43,463.20 304,094.85 160% 0 20% of annual expenditures 406 CUMULATIVE CAPITAL DEVELOPMENT 608,686.14 0.00 608,686.14 227,805.00 380,881.14 67% 0 25% of annual expenditures - higher due to property tax delays 407 CUMULATIVE CAPITAL IMPROVEMENT 34,367.09 0.00 34,367.09 91,893.75 (57,526.66) 9% © Cigarette and hotel /motel taxes 25% of annual expenditures - higher due to state tax delays 412 MAJOR MOVES CONSTRUCTION 7,178,531.64 1,230,403.87 5,948,127.77 679,169.20 5,268,958.57 175% 0 20% of annual expenditures 416 MORRIS PERFORMING ARTS CENTER CAPITAL 431,603.73 14,384.06 417,219.67 14,533.20 402,686.47 574% 20% of annual expenditures 434 CREED FUND (649,944.31) 0.00 (649,944.31) 218,487.25 (868,431.56) -74% © CREED reclassification in December 25% of annual expenditures - higher due to state tax delays 450 PALAIS ROYALE HISTORIC PRESERVATION 72,679.60 0.00 72,679.60 0.00 72,679.60 100% 20% of annual expenditures 677 HALL OF FAME CAPITAL FUND 664,572.77 12,354.25 652,218.52 35,864.40 616,354.12 364% 20% of annual expenditures Total Capital & Debt Service Funds 11,114,910.91 5,308,643.91 5,806,267.00 3,956,490.80 1,849,776.20 Q Enterprise Funds 600 CONSOLIDATED BUILDING DEPARTMENT 183,391.08 21,284.35 162,106.73 229,630.40 (67,523.67) 14% © Cash reserves less than target 20% of annual expenditures 120% 601 PARKING GARAGES 1,036,895.40 245,165.07 791,730.33 225,967.80 565,762.53 70% of annual expenditures Cash Reserve Report 12/27/2013 Page 2 City of South Bend Cash Reserves Summary November 30, 2013 Fund Fund Name Cash Outstanding Available Cash Reserve Actual Balance Encumbrances Cash Requirement Variance Percentage Notes Cash Reserve Policy 610 SOLID WASTE OPERATIONS 713,691.86 148,131.71 565,560.15 1,129,596.80 (564,036.65) 10% TAKE HOME VEHICLE POLICE High blanket encumbrances, cash ok 20% of annual expenditures 611 SOLID WASTE CAPITAL 169,850.84 5,812.36 164,038.48 0.00 164,038.48 No Reserves - transfer from operating account for debt service as needed 620 WATER WORKS OPERATIONS 3,492,207.40 339,300.96 3,152,906.44 739,797.35 2,413,109.09 21% Q 13,299,081.78 5% of annual expenditures, $1.5 million target, see also fund 629 622 WATER WORKS CAPITAL 3,531,761.58 27,247.52 3,504,514.06 243,358.40 3,261,155.66 288% 20% of annual expenditures 623 WATERWORKS BOND CAPITAL 2,235,208.53 1,981,476.56 253,731.97 0.00 253,731.97 Q Bond fund - spend down to zero - no reserves 624 WATER WORKS CUSTOMER DEPOSIT 1,451,510.73 0.00 1,451,510.73 1,451,510.73 0.00 100% FIREFIGHTERS PENSION 1,401,152.55 100% cash reserves for customer deposits 625 WATERWORKS SINKING FUND 1,476,371.15 0.00 1,476,371.15 0.00 1,476,371.15 702 Q 2,243,848.72 No Reserves - transfer from operating account for debt service as needed 626 WATER WORKS BOND RESERVE 1,547,848.22 0.00 1,547,848.22 1,547,848.22 0.00 100% POLICE /FIRE 1977 STATE PENSION 273.49 100% 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% PAYROLL FUND (393.48) 16.67% of annual operating expenses in fund 620, net of transfers 640 SEWER REPAIR INSURANCE 1,333,651.46 3,534.29 1,330,117.17 111,168.80 1,218,948.37 239% PUBLIC EMPLOYEES RETIREMENT FUND 695.88 20% of annual expenditures 641 SEWAGE WORKS OPERATIONS 6,946,240.89 1,547,087.98 5,399,152.91 1,765,937.00 3,633,215.91 15% STATE TAX DEDUCTION FUND 261,541.10 5% of annual expenditures, $1.5 million target, see also fund 643 642 SEWAGE WORKS CAPITAL 4,639,340.16 5,479,439.94 (840,099.78) 2,299,914.20 (3,140,013.98) -7% © 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% 0.00 730 CITY CEMETERY TRUST 16.67% of annual operating expenses in fund 641, net of transfers 645 2006 SEWER BOND 0.00 0.00 0.00 0.00 Q 20% of annual expenditures Bond fund - spend down to zero - no reserves Bond fund - spend down to zero - no reserves 647 2007 SEWER BOND 5,402.57 5,400.75 1.82 0.00 1.82 649 SEWAGE WORKS BOND SINKING 1,243,862.13 0.00 1,243,862.13 0.00 1,243,862.13 Q 6,053,378.23 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 00 100% reserves of cash available 651 2007B SEWER BOND 3,640.23 3,639.00 1.23 0.00 1.23 176,779,281.79 28,510,172.20 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 1000 100% cash reserves per bond covenants and Crowe Horwath 658 2010 SEWER BOND 3,682.28 3,680.50 1.78 0.00 1.78 Bond fund - spend down to zero - no reserves required 659 2011 SEWER BOND 8,163,735.07 5,801,443.86 2,362,291.21 0.00 2,362,291.21 Redevelopment Commission Controlled Funds Bond fund - spend down to zero - no reserves required 661 2012 SEWER BOND 18,843,354.01 1,417,543.05 17,425,810.96 0.00 17,425,810.96 Bond fund -spend down to zero - no reserves required 664 2013A SEWER REFUNDING BOND 4,466.63 0.00 4,466.63 0.00 4,466.63 258,583.59 27% Bond fund - spend down to zero - no reserves required 670 CENTURY CENTER 968,075.39 0.00 968,075.39 709,491.80 73% Q 20% of annual expenditures 671 CENTURY CENTER CAPITAL 1,919,524.55 0.00 1,919,524.55 246,770.00 1,672,754.55 100% 29% Q 20% of annual expenditures, $800,000 minimum per Board of Managers 25% of annual expenditures - higher due to property tax delays 422 TIF DISTRICT - WEST WASHINGTON 383,950.30 8,561.36 375,388.94 167,203.75 208,185.19 56% Q 25% of annual expenditures - higher due to property tax delays Total Enterprise Funds 72,524,668.50 17,030,187.90 55,494,480.60 17,992,067.46 37,502,413.14 109,429.83 92% Q Propety taxes in June and December 20% of annual expenditures 426 TIF CENTRAL MEDICAL SERVICE AREA 2,942,700.89 719,435.64 2,223,265.25 1,192,636.00 1,030,629.25 47% Q Propety taxes in June and December 25% of annual expenditures - higher due to property tax delays Internal Service Funds TIF NORTHEAST DISTRICT 2,598,515.10 5,500.00 2,593,015.10 597,248.75 1,995,766.35 109% Q Propety taxes in June and December 222 CENTRAL SERVICES 1,102,358.57 159,154.30 943,204.27 761,799.80 181,404.47 25% 28% exclude utilities budget & encumb. 20% of annual expenditures, excluding utility accounting 226 LIABILITY INSURANCE 5,573,662.79 1,986.59 5,571,676.20 728,981.75 4,842,694.45 191% 25% of annual expenditures - higher reserves for future claims 278 TAKE HOME VEHICLE POLICE 4431286.95 0.00 443,286.95 207740.00 422,546.95 427% 0 Rates charged to departments reduced 120% of annual expenditures 711 SELF - FUNDED EMPLOYEE BENEFITS 5,925,742.92 293.00 5,925,449.92 3,337,207.25 2,588,242.67 44% 25% of annual expenditures - higher reserves for future claims 713 UNEMPLOYMENT COMP FUND 254,030.55 0.00 254,030.55 53,449.40 200,581.15 95% Rates charged to departments reduced 20% of annual expenditures Total Internal Service Funds 13,299,081.78 161,433.89 13,137,647.89 4,902,178.20 8,235,469.69 Trust & Agency Funds 701 FIREFIGHTERS PENSION 1,401,152.55 0.00 1,401,152.55 1,475,007.00 (73,854.45) 24% © Pension relief June & September 25% of annual expenditures, higher due to pension relief paid later 702 POLICE PENSION 2,243,848.72 0.00 2,243,848.72 1,732,283.25 511,565.47 32% 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% 0 100% cash reserves - trust & agency funds 709 PAYROLL FUND (393.48) 0.00 (393.48) (393.48) 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 261,541.10 0.00 261,541.10 261,541.10 0.00 100% 100% cash reserves - trust & agency funds 725 MORRIS / PALAIS BOX OFFICE 2,580,970.99 0.00 2,580,970.99 2,580,970.99 0.00 100% 100% cash reserves - trust & agency funds 730 CITY CEMETERY TRUST 36,925.20 10,595.00 26,330.20 3,000.00 23,330.20 176% 0 20% of annual expenditures Total Trust & Agency Funds 6,525,014.45 10,595.00 6,514,419.45 6,053,378.23 461,041.22 Q Total City Funds 176,779,281.79 28,510,172.20 148,269,109.59 72,944,762.57 75,324,347.02 Redevelopment Commission Controlled Funds Tax Increment Financing Funds 324 TIF REVENUE - AIRPORT 19,486,381.26 1,086,907.24 18,399,474.02 6,311,148.00 12,088,326.02 73% Q Propety taxes in June and December 25% of annual expenditures - higher due to property tax delays 420 TIF DISTRICT - SBCDA GENERAL (DOWNTOWN) 1,697,442.73 180,545.75 1,516,896.98 1,325,525.50 191,371.48 29% Q Propety taxes in June and December 25% of annual expenditures - higher due to property tax delays 422 TIF DISTRICT - WEST WASHINGTON 383,950.30 8,561.36 375,388.94 167,203.75 208,185.19 56% Q 25% of annual expenditures - higher due to property tax delays 425 TIF LEIGHTON PLAZA 139,666.83 0.00 139,666.83 30,237.00 109,429.83 92% Q Propety taxes in June and December 20% of annual expenditures 426 TIF CENTRAL MEDICAL SERVICE AREA 2,942,700.89 719,435.64 2,223,265.25 1,192,636.00 1,030,629.25 47% Q Propety taxes in June and December 25% of annual expenditures - higher due to property tax delays 429 TIF NORTHEAST DISTRICT 2,598,515.10 5,500.00 2,593,015.10 597,248.75 1,995,766.35 109% Q Propety taxes in June and December 25% of annual expenditures - higher due to property tax delays 430 TIF SOUTHSIDE DEVELOPMENT AREA #1 3,010,322.13 1,317,758.51 1,692,563.62 1,530,721.25 161,842.37 28% Q Propety taxes in June and December 25% of annual expenditures - higher due to property tax delays 432 TIF SSDA #3 - ERSKINE VILLAGE 6,315,905.69 0.00 6,315,905.69 125,317.00 6,190,588.69 1260% Q Propety taxes in June and December 25% of annual expenditures - higher due to property tax delays 435 TIF - DOUGLAS ROAD 134,796.93 4,500.00 130,296.93 113,695.50 16,601.43 29% Q Propety taxes in June and December 25% of annual expenditures - higher due to property tax delays Cash Reserve Report 12/27/2013 Page 3 City of South Bend Cash Reserves Summary November 30, 2013 Fund Fund Name Cash Outstanding Available Cash Reserve Actual Balance Encumbrances Cash Requirement Variance Percentage Notes Cash Reserve Policy 436 TIF - NORTHEST RESIDENTIAL 1,630,948.63 0.00 1,630,948.63 807,489.25 823,459.38 50% 4 Propety taxes in June and December 25% of annual expenditures - higher due to property tax delays Total Tax Increment Financing Funds 38,340,630.49 3,323,208.50 35,017,421.99 12,201,222.00 22,816,199.99 Q Redevelopment Funds 433 REDEVELOPMENT ADMINISTRATION GENERAL 25,742.31 3,971.20 21,771.11 1,357.40 20,413.71 321% Q 20% of annual expenditures 439 CERTIFIED TECHNOLOGY PARK 3,681,855.80 0.00 3,681,855.80 0.00 3,681,855.80 100% Q No 2013 expenditure budget 20% of annual expenditures 454 AIRPORT URBAN ENTERPRISE ZONE 376,280.90 0.00 376,280.90 0.00 376,280.90 100% No 2013 expenditure budget 20% of annual expenditures 619 BLACKTHORN GOLF COURSE OPERATIONS 128,450.77 0.00 128,450.77 399,541.20 (271,090.43) 6% © Cash reserves less than target 20% of annual expenditures Total Redevelopment Funds 4,212,329.78 3,971.20 4,208,358.58 400,898.60 3,807,459.98 Q 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 503,351.13 0.00 503,351.13 503,351.13 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 3,278,095.13 0.00 3,278,095.13 3,278,095.13 0.00 Total Redevelopment Commission Funds 45,831,055.40 3,327,179.70 42,503,875.70 15,880,215.73 26,623,659.97 City Operations Total 222,610,337.19 31,837,351.90 190,772,985.29 88,824,978.30 101,948,006.99 Q Cash Reserve Report 12/27/2013 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 General Fund - 101 $5,000,000.00 $- U M M M M M M 6) Q M N 7 N O N 7 Q f) j Z r- LL �G Q '� ? r r 0 i i r 50% 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 30- Nov -13 Available Cash $ 27,733,383.63 $ 25,550,484.83 $ 22,353,542.47 $ 16,598,780.26 $ 15,116,269.16 $ 12,079,846.98 $ 29,307,356.46 $ 27,482,947.63 $ 22,315,551.29 $ 18,544,399.98 $ 16,816,726.59 $13,615,491.79 Reserve —+--Available Cash f Reserve Requirement Requirement 16,173,912.25 16,173,912.25 16,173,912.25 16,233,266.50 16,233,266.50 16,233,266.50 16,233,266.50 16,233,266.50 16,233,266.50 16,233,266.50 16,272,893.00 $16,272,893.00 NIb Oec; ,�� °'° �`�� Pic �� ,IP .1 �� °� o°` '` �P N N N 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 30- Nov -13 Actual Percent 43% 39% 35% 26% 23% 19% 45% 42% 34% 29% 26% 21% Percent Requirement 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% --*--Actual Percent f Percent Requirement Parks & Recreation - 201 $6,000,000.00 $5,000,000.00 $4,000,000.00 --*--Available Cash $3,000,000.00 MIN $2,000,000.00 t Reserve $1,000,000.00 Requirement $- O�G �aK F�,Q �`�� Pic a� ��� ��\ � pQ oo e� N� N ^ NQ N� ^ N� 40% 35% 30% 25% —+--Actual Percent 20% 15% 10% --W-Percent 5% Requirement 0% Nb �� �� �' �� �3 N� Nb Nb I Oro �a� ��� �a� QQ& a� �J� ��� gyp, �Q, poi' o� N� N N NP N` N N� Percent Date Reserve Date Available Cash 37% 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 30- Nov -13 $ 1,330,822.60 $ 3,231,865.75 40% 35% 30% 25% —+--Actual Percent 20% 15% 10% --W-Percent 5% Requirement 0% Nb �� �� �' �� �3 N� Nb Nb I Oro �a� ��� �a� QQ& a� �J� ��� gyp, �Q, poi' o� N� N N NP N` N N� 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% 30- Nov -13 10% 25% Motor Vehicle Highway - 202 $4,500,000.00 $4,000,000.00 $3,500,000.00 $3,000,000.00 ----Available Cas $2,500,000.00 Cash $2,000,000.00 $1,500,000.00 74 Reserve $1,000,000.00 Requirement $500,000.00 $- N N N N N N� NQ N`' 45% 40% 35% 30% —+--Actual Percent 25% 20% 15% 10% f Percent Requirement 5% 0% Percent Date Reserve Date Available Cash 23% Requirement 31- Dec -12 $ 2,057,519.44 $ 1,813,299.20 31- Jan -13 $ 1,840,647.98 $ 1,813,299.20 28- Feb -13 $ 1,556,523.49 $ 1,813,299.20 31- Mar -13 $ 1,348,215.94 $ 1,813,299.20 30- Apr -13 $ 3,844,596.47 $ 1,813,299.20 31- May -13 $ 2,375,503.84 $ 1,813,299.20 30- Jun -13 $ 2,582,299.16 $ 1,813,299.20 31- Jul -13 $ 3,701,668.02 $ 1,813,299.20 31- Aug -13 $ 3,587,289.24 $ 1,813,299.20 30- Sep -13 $ 3,867,160.45 $ 1,813,299.20 31- Oct -13 $ 3,728,689.78 $ 1,835,299.20 30- Nov -13 $ 3,693,079.20 $ 1,835,299.20 45% 40% 35% 30% —+--Actual Percent 25% 20% 15% 10% f Percent Requirement 5% 0% Percent Date Actual Percent Requirement 31- Dec -12 23% 20% 31- Jan -13 20% 20% 28- Feb -13 17% 20% 31- Mar -13 15% 20% 30- Apr -13 42% 20% 31- May -13 26% 20% 30- Jun -13 28% 20% 31- Jul -13 41% 20% 31- Aug -13 40% 20% 30- Sep -13 43% 20% 31- Oct -13 41% 20% 30- Nov -13 40% 20% Liability Insurance - 226 $6,000,000.00 $5,000,000.00 $4,000,000.00 $3,000,000.00 $2,000,000.00 $1,000,000.00 tAvailable Cash f Reserve Requirement ,�� �e� ��t Pit J� °Q O 250% 200% 150% Actual Percent 100% f Percent 50% Requirement 0% Percent Date Reserve Date Available Cash 180% 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 30- Nov -13 $ 5,571,676.20 $ 728,981.75 250% 200% 150% Actual Percent 100% f Percent 50% Requirement 0% 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% 30- Nov -13 191% 25% Loss Recovery Fund - 227 $9,000,000.00 $8,000,000.00 $7,000,000.00 $6,000,000.00 tAvailable $5,000,000.00 Cash $4,000,000.00 $3,000,000.00 f Reserve $2,000,000.00 Requirement $1,000,000.00 $- O °C ,�� �e� ��t Pit �� ,�IQ ,� J4 °Q O(Y °A, 1600% 1400% 1200% 1000% 800% 600% 400% 200% 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 30- Nov -13 Actual Percent 822% 822% 822% 823% 818% 807% 806% 1524% 1519% 1517% 1512% 1501% Percent Requirement 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% Actual Percent f Percent Requirement Reserve Date Available Cash 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 30- Nov -13 $ 7,898,750.90 $ 105,237.00 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 30- Nov -13 Actual Percent 822% 822% 822% 823% 818% 807% 806% 1524% 1519% 1517% 1512% 1501% Percent Requirement 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% Actual Percent f Percent Requirement Public Safety LOIT - 249 $3,500,000.00 $3,000,000.00 $2,500,000.00 tAvailable Cash $2,000,000.00 $1,500,000.00 $1,000,000.00 f Reserve Requirement $500,000.00 $- T TTY O °c, ��� °�o �°c Pqc a� ���� ��� moo, °Q 0°� N N N N N N� N N NQ N` N N� 45% 40% 35% tActual 30% Percent 25% 20% 15% (Percent 10% Requirement 5% 0% T Percent Date Reserve Date Available Cash 42% 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 30- Nov -13 $ 1,572,948.63 $ 1,420,351.40 45% 40% 35% tActual 30% Percent 25% 20% 15% (Percent 10% Requirement 5% 0% T 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% 30- Nov -13 22% 20% $16,000,000.00 $14,000,000.00 $12,000,000.00 $10,000,000.00 $8,000,000.00 $6,000,000.00 $4,000,000.00 $2,000,000.00 COIT - 404 $- T T CP N N �� �P �� N ^� 1 Available Cash t Reserve Requirement 180% 160% 140% 120% Actual 100% Percent 80% 60% 40% f Percent 20% Requirement 0% T N N� N �P N`' N 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 30- Nov -13 $ 14,942,528.27 $ 4,721,708.50 Available Cash t Reserve Requirement 180% 160% 140% 120% Actual 100% Percent 80% 60% 40% f Percent 20% Requirement 0% T N N� N �P N`' N 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% 30- Nov -13 158% 50% $12,000,000.00 $10,000,000.00 $8,000,000.00 $6,000,000.00 $4,000,000.00 $2,000,000.00 EDIT - 408 �r!) 0) NO) NO) NO) NO) N1b .1 r!) 0) NO) �� N SAP ��� ��, °� 0 °� Ne ,�Q' ,�`� N N� -4--Available Cash f Reserve Requirement 120% 100% 80% Actual Percent 60% 40% --M—Percent 20% Requirement 0% O °c, �a - °� °c Pic �� ��� ��� �� °� 0�� °A Percent Date Reserve Date Available Cash 108% 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 30- Nov -13 $ 9,296,619.48 $ 4,496,689.50 -4--Available Cash f Reserve Requirement 120% 100% 80% Actual Percent 60% 40% --M—Percent 20% Requirement 0% O °c, �a - °� °c Pic �� ��� ��� �� °� 0�� °A 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% 30- Nov -13 103% 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 N N N N� N N` NP N� N Available Cash —*--Reserve Requirement 60% 50% 40% -----Actual Percent 30% 20% (Percent 10% Requirement 0% N� N� N� N� NeN�� N N� Percent Date Reserve Date Available Cash 56% 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 30- Nov -13 $ 5,925,449.92 $ 3,337,207.25 Available Cash —*--Reserve Requirement 60% 50% 40% -----Actual Percent 30% 20% (Percent 10% Requirement 0% N� N� N� N� NeN�� N N� 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% 30- Nov -13 44% 25%