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HomeMy WebLinkAbout01-2014 Cash Reserve SummaryN PEACE R, Period Ending: Issued BY: January 2014 Controller City of South Bend Cash Reserves Summary Tab Contents January, 2014 Cash Reserves Summary, January, 2014 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 Deputy Mayor Mark Neal Chief of Staff Kathryn Roos Deputy Chief of Staff Brian Pawlowski City Controller John Murphy City Finance Director Rahman Johnson Financial Officer Cecil Eastman Department Heads Fiscal Officers 2014 Cash Reserve Summary - January Page 1 of 14 2014 Cash Reserve Summary - January Page 2 of 14 City of South Bend Cash Reserves Summary January 31, 2014 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 GENERALFUND 23,890,360.00 1,414,791.45 22,475,568.55 13,854,192.00 8,621,376.55 41% Propety taxes in June and December 25% of annual expenditures- higher due to property tax delays Special Revenue Funds 102 RAINY DAY FUND 8,618,809.75 0.00 8,618,809.75 8,389,741.30 229,068.45 3% No expenditures budgeted 3% contingency of total expenditures in previous fiscal year 201 PARKS & RECREATION 2,833,107.81 585,478.36 2,247,629.45 3,096,131.75 (848,502.30) 18% © Propety taxes in June and December 25% of annual expenditures - higher due to property tax delays 202 MOTOR VEHICLE HIGHWAY 3,097,222.58 746,391.09 2,350,831.49 1,821,153.60 529,677.89 26% Transfers from EDIT fund 20% of annual expenditures 203 RECREATION - NONREVERTING 811,722.15 109,437.08 702,285.07 295,217.80 407,067.27 48% 0 20% of annual expenditures 209 STUDEBAKER/OLIVER REVERTING GRANTS 1,083,525.83 0.00 1,083,525.83 277,000.00 806,525.83 78% 20% of annual expenditures 210 DEPT COMMUNITY INVESTMENT STATE GRANTS 349,035.41 0.00 349,035.41 23,577.20 325,458.21 296% 0 20% of annual expenditures 211 DCI ADMINISTRATION FUND 1,106,613.18 21,647.87 1,084,965.31 476,760.20 608,205.11 46% 20% of annual expenditures 212 DCI GRANT FUND 615,551.55 2,998,973.60 (2,383,422.05) (2,383,422.05) 0.00 0% 0 DCI grant fund - CDBG, HUD, etc. Grant fund - reimbursement grants - no reserves 216 POLICE STATE SEIZURES 158,686.67 0.00 158,686.67 8,000.00 150,686.67 397% 20% of annual expenditures 217 GIFT, DONATION, BEQUEST 74,743.86 1,310.22 73,433.64 0.00 73,433.64 100% 0 20% of annual expenditures 218 POLICE CURFEW VIOLATIONS 11,561.67 0.00 11,561.67 200.00 11,361.67 1156% 20% of annual expenditures 220 LAW ENFORCEMENT CONTINUING EDUCATION 1,000,397.67 14,964.83 1 985,432.84 54,000.00 931,432.84 365% 0 20% of annual expenditures 227 LOSS RECOVERY FUND 7,931,897.21 1,618,653.21 6,313,244.00 930,000.00 5,383,244.00 136% 20% of annual expenditures 244 EMERGENCY PHONE SYSTEM 187,612.63 0.00 187,612.63 0.00 187,612.63 87% 0 No reserve requirement 249 PUBLIC SAFETY L.O.I.T. 2,046,798.30 0.00 2,046,798.30 1,442,931.60 603,866.70 28% 20% of annual expenditures 251 LOCAL ROADS & STREETS 2,009,316.46 89,595.66 1,919,720.80 216,500.00 1,703,220.80 177% 0 20% of annual expenditures 252 EXCESS WELFARE DISTRIBUTION 1,149.96 0.00 1,149.96 229.20 920.76 100% 20% of annual expenditures 258 HUMAN RIGHTS - FEDERAL GRANT 447,216.47 21,841.91 425,374.56 44,800.20 380,574.36 190% 20% of annual expenditures 271 EASTRACE WATERWAY 14,374.11 346.27 14,027.84 2,000.00 12,027.84 100% 20% of annual expenditures 273 MORRIS PAC / PALAIS ROYALE MARKETING 24,710.83 0.00 24,710.83 1,620.00 23,090.83 305% 20% of annual expenditures 280 POLICE BLOCK GRANTS 3,817.69 0.00 3,817.69 0.00 3,817.69 100% Police grant fund, reimbursement 20% of annual expenditures 281 REDEVLOPMENT COMMISSION - REV BONDS 27,131.20 0.00 27,131.20 0.00 27,131.20 100% 0 20% of annual expenditures 289 HAZMAT 16,209.30 0.00 16,209.30 2,000.00 14,209.30 162% 20% of annual expenditures 291 INDIANA RIVER RESCUE 97,931.55 0.00 97,931.55 10,460.00 87,471.55 187% 0 20% of annual expenditures 292 POLICE GRANTS 271,225.18 0.00 271,225.18 18,000.00 253,225.18 301%. 20% of annual expenditures 294 REGIONAL POLICE ACADEMY 81,107.23 0.00 81,107.23 4,750.00 76,357.23 342% 0 20% of annual expenditures 295 COPS MORE GRANT 114,031.09 0.00 114,031.09 28,320.00 85,711.09 81% 20% of annual expenditures 299 POLICE FEDERAL DRUG ENFORCEMENT 385,251.12 1,499.00 383,752.12 30,000.00 353,752.12 2569/. 20% of annual expenditures 404 COUNTY OPTION INCOME TAX 14,059,205.71 389,826.96 13,669,378.75 4,877,970.00 8,791,408.75 140% 50% of annual expenditures - higher due to bonding and rating agencies 408 ECONOMIC DEVELOPMENT INCOME TAX 9,358,667.44 979,353.49 8,379,313.95 4,629,006.50 3,750,307.45 91% 50% of annual expenditures - higher due to bonding and rating agencies 410 URBAN DEVELOPMENT ACTION GRANT (UDAG) 27,590.60 0.00 27,590.60 0.00 27,590.60 100% UDAG revenue is minimal 20% of annual expenditures 655 PROJECT RELEAF 960,028.32 0.00 960,028.32 85,762.40 874,265.92 224% 20% of annual expenditures 705 POLICE K -9 UNIT 1,313.40 0.00 1,313.40 400.00 913.40 66% 20% of annual expenditures Total Special Revenue Funds 57,827,563.93 7,579,319.55 50,248,244.38 24,383,109.70 25,865,134.68 Debt Service Fund 313 HALL OF FAME DEBT SERVICE 88,975.42 0.00 88,975.42 253,623.20 (164,647.78) 7% 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 5,245,822.23 1,487,568.74 3,758,253.49 534,821.20 3,223,432.29 141% 20% of annual expenditures 377 PROFESSIONAL SPORTS DEVELOPMENT 560,439.64 0.00 560,439.64 173,149.20 387,290.44 65% 20% of annual expenditures 401 COVELESKI STADIUM CAPITAL 26,853.53 0.00 26,853.53 0.00 26,853.53 100% 0 20% of annual expenditures 403 ZOO ENDOWMENT 49,028.66 0.00 49,028.66 0.00 49,028.66 100% 20% of annual expenditures 405 PARK NONREVERTING CAPITAL 568,155.70 24,993.61 543,162.09 35,360.00 507,802.09 3079/6 20% of annual expenditures 406 CUMULATIVE CAPITAL DEVELOPMENT 677,135.46 0.00 677,135.46 180,733.75 496,401.71 949/6 25% of annual expenditures- higher due to property tax delays 407 CUMULATIVE CAPITAL IMPROVEMENT (8,505.20) 0.00 (8,505.20) 91,190.50 (99,695.70) -2% © Cigarette and hotel /motel taxes 25% of annual expenditures- higher due to state tax delays 412 MAJOR MOVES CONSTRUCTION 7,115,222.47 1,294,135.26 5,821,087.21 900,000.00 4,921,087.21 129% 20% of annual expenditures 416 MORRIS PERFORMING ARTS CENTER CAPITAL 464,172.46 500.00 463,672.46 10,640.00 453,032.46 8729/6 20% of annual expenditures 434 CREED FUND (11,407.82) 0.00 (11,407.82) 162,737.50 (174,145.32) -2% 25% of annual expenditures - higher due to state tax delays 450 PALAIS ROYALE HISTORIC PRESERVATION 55,198.39 0.00 55,198.39 2,000.00 53,198.39 100% 20% of annual expenditures 677 HALL OF FAME CAPITAL FUND 652,218.38 8,907.86 643,310.52 35,931.80 607,378.72 358% 20% of annual expenditures Total Capital & Debt Service Funds 15,483,309.32 2,816,105.47 12,667,203.85 2,380,187.15 10,287,016.70 Enterprise Funds 600 ICONSOLIDATED BUILDING DEPARTMENT 576,114.38 673,245.12 (97,130.74) 756,970.80 (854,101.54) -3% _' Cash reserves less than target 20% of annual expenditures Cash Reserve Report 3/11/2014 Page 3 City of South Bend Cash Reserves Summary January 31, 2014 Fund Fund Name C ash Outstanding Available Cash Reserve Actual Balance Encumbrances Cash Requirement Variance Percentage Notes Cash Reserve Policy 601 PARKING GARAGES 889,512.45 93,629.81 795,882.64 141,835.80 654,046.84 112% 0 20% of annual expenditures 610 SOLID WASTE OPERATIONS 523,283.32 874,763.90 (351,480.58) 1,075,539.80 (1,427,020.38) -7% High blanket encumbrances, cash ok 20% of annual expenditures 611 SOLID WASTE CAPITAL 84,081.93 84,081.93 0.00 0.00 0.00 0 No Reserves - transfer from operating account for debt service as needed 620 WATER WORKS OPERATIONS 3,327,359.38 329,455.59 2,997,903.79 0.00 2,997,903.79 No reserves - transfer from operating accounts as needed 622 WATER WORKS CAPITAL 3,528,578.41 21,157.50 3,507,420.91 190,700.00 3,316,720.91 368% 0 20% of annual expenditures 623 WATERWORKS BOND CAPITAL 795,072.80 540,480.23 254,592.57 0.00 254,592.57 Bond fund - spend down to zero - no reserves 624 WATER WORKS CUSTOMER DEPOSIT 1,453,663.23 0.00 1,453,663.23 1,453,663.23 0.00 100% 0 100% cash reserves for customer deposits 625 WATERWORKS SINKING FUND 176,146.67 0.00 176,146.67 0.00 176,146.67 No Reserves - transfer from operating account for debt service as needed 626 WATER WORKS BOND RESERVE 1,574,437.24 0.00 1,574,437.24 1,574,437.24 0.00 100% 0 100% cash reserves per bond covenants and Crowe Horvath 629 WATER WORKS RESERVE - O & M 2,031,531.68 0.00 2,031,531.68 1,416.95 2,030,114.73 23900% 16.67% of annual operating expenses in fund 620, net of transfers 640 SEWER REPAIR INSURANCE 1,393,499.45 18,061.68 1,375,437.77 109,507.20 1,265,930.57 251% 0 20% of annual expenditures 641 SEWAGE WORKS OPERATIONS 5,130,147.60 1,970,299.56 3,159,848.04 1,692,825.00 1,467,023.04 9% 5% of annual expenditures, $1.5 million target, see also fund 643 642 SEWAGE WORKS CAPITAL 5,066,135.99 4,761,369.47 304,766.52 0.00 304,766.52 0 No Reserves - transfer from operating account as needed 643 SEWAGE WORKS RESERVE - O & M 3,422,563.54 0.00 3,422,563.54 2,500.50 3,420,063.04 22817% 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 0 Bond fund - spend down to zero - no reserves 647 2007 SEWER BOND 1,141.41 1,137.76 3.65 0.00 3.65 Bond fund - spend down to zero - no reserves 649 SEWAGE WORKS BOND SINKING 1,557,334.14 0.00 1,557,334.14 0.00 1,557,334.14 0 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 0% 100% reserves of cash available 651 12007B SEWER BOND 2.44 0.00 2.44 0.00 2.44 0 Bond fund - spend down to zero - no reserves required 653 SEWAGE WORKS DEBT SERVICE RESERVE 7,286,828.40 0.00 7,286,828.40 7,286,828.40 0.00 100% 100% cash reserves per bond covenants and Crowe Horvath 658 2010 SEWER BOND 2,215.58 0.00 2,215.58 0.00 2,215.58 Bond fund - spend down to zero - no reserves required 659 2011 SEWER BOND 7,574,114.52 5,323,067.28 2,251,047.24 0.00 2,251,047.24 Bond fund - spend down to zero - no reserves required 661 2012 SEWER BOND 18,028,930.15 596,102.42 17,432,827.73 0.00 17,432,827.73 0 Bond fund - spend down to zero - no reserves required 664 2013A SEWER REFUNDING BOND 4,468.30 0.00 4,468.30 0.00 4,468.30 Bond fund - spend down to zero - no reserves required 670 CENTURY CENTER 705,100.55 0.00 705,100.55 912,979.60 (207,879.05) 15% © 20% of annual expenditures 671 CENTURY CENTER CAPITAL 1,757,727.21 0.00 1,757,727.21 0.00 1,757,727.21 100% 20% of annual expenditures, $800,000 minimum per Board of Managers Total Enterprise Funds 66,889,990.77 15,286,852.25 51,603,138.52 15,199,204.52 36,403,934.00 Internal Service Funds 222 CENTRAL SERVICES 1,608,230.53 146,346.28 1,461,884.25 678,835.20 783,049.05 43% exclude utilities budget & encumb. 20% of annual expenditures, excluding utility accounting 226 LIABILITY INSURANCE 5,317,932.06 82,000.00 5,235,932.06 724,300.00 4,511,632.06 181% 25% of annual expenditures- higher reserves for future claims 278 TAKE HOME VEHICLE POLICE 467,330.42 0.00 467,330.42 16,116.00 451,214.42 580% 20% of annual expenditures 711 SELF - FUNDED EMPLOYEE BENEFITS 6,073,616.69 19,000.00 6,054,616.69 3,620,865.75 2,433,750.94 42% 25% of annual expenditures - higher reserves for future claims 713 UNEMPLOYMENT COMP FUND 258,920.86 0.00 1 258,920.86 45,594.80 213,326.06 114% Rates charged to departments reduced 20% of annual expenditures Total lntemal Service Funds 13,726,030.56 3,428,866.54 13,478,684.28 5,085,711.75 8,392,972.53 Trost & Agency Funds 701 FIREFIGHTERS PENSION 481,093.05 0.00 481,093.05 1,468,611.25 (987,518.20) 8% Pension relief June & September 25% of annual expenditures, higher due to pension relief paid later 702 POLICE PENSION 1,166,315.30 0.00 1,166,315.30 1,805,485.25 (639,169.95) 16% Pension relieflune & 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 PAYROLLFUND 6,593.87 1 0.00 6,593.87 6,593.87 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 381,322.89 0.00 381,322.89 381,322.89 0.00 100% 100% cash reserves - trust & agency funds 725 MORRIS / PALAIS BOX OFFICE 1,255,669.17 0.00 1,255,669.17 1,255,669.17 0.00 100% 100% cash reserves - trust & agency funds 730 CITY CEMETERY TRUST 36,938.83 10,595.00 26,343.83 2,000.00 24,343.83 263% 20% of annual expenditures Total Trust & Agency Funds 3,328,902.48 10,595.00 3,318,307.48 4,920,651.80 (1,602,344.32) Total City Funds 181,146,157.06 30,536,530.26 153,791,147.06 65,823,056.92 87,968,090.14 Redevelopment Commission Controlled Funds Tax Increment Financing Funds 324 TIF REVENUE - AIRPORT 23,619,458.78 6,895,535.28 16,723,923.50 5,081,358.00 11,642,565.50 82% Propety taxes in June and December 25% of annual expenditures- higher due to property tax delays 420 TIF DISTRICT- SBCDA GENERAL (DOWNTOWN) 1,618,944.70 368,701.11 1,250,243.59 1,416,927.75 (166,684.16) 220/6 Propety taxes in June and December 25% of annual expenditures- higher due to property tax delays 422 TIF DISTRICT -WEST WASHINGTON 612,700.71 8,300.36 604,400.35 162,228.75 442,171.60 93% 25% of annual expenditures- higher due to property tax delays 425 TIF LEIGHTON PLAZA 138,929.35 0.00 138,929.35 30,237.00 108,692.35 929/6 Propety taxes in June and December 20% of annual expenditures 426 TIF CENTRAL MEDICAL SERVICE AREA 3,063,559.38 231,780.08 2,831,779.30 925,625.00 1,906,154.30 760/6 Propety taxes in June and December 25% of annual expenditures- higher due to property tax delays 429 TIF NORTHEAST DISTRICT 3,008,522.53 5,500.00 3,003,022.53 587,500.00 2,415,522.53 128% Propety taxes in June and December 125% of annual expenditures - higher due to property tax delays 430 TIF SOUTHSIDE DEVELOPMENT AREA #1 3,358,101.09 719,071.35 2,639,029.74 1,425,000.00 1,214,029.74 46% 0 Propety taxes in Lune and December 125% of annual expenditures - higher due to property tax delays 432 TIF SSDA #3 - ERSKINE VILLAGE 6,614,842.68 0.00 6,614,842.68 122 873.75 6 491 968.93 1346 % Pro et v taxes in June and December 125% of annual expenditures - higher due to property tax delays Cash Reserve Report 3/11/2914 Page 4 City of South Bend Cash Reserves Summary January 31, 2014 Fund Fund Name Cash Outstanding Available Cash Reserve Actual Balance Encumbrances Cash Requirement Variance Percentage Notes Cash Reserve Policy 435 TIF - DOUGLAS ROAD 294,463.17 4,200.00 290,263.17 86,365.75 203,897.42 a4% 0 Propety taxes in June and December 25% of annual expenditures - higher due to property tax delays 436 TIF- NORTHEST RESIDENTIAL 1,089,822.36 0.00 1,089,822.36 830,807.00 259,015.36 33% Propety taxes in June and December 25% of annual expenditures- higher due to property tax delays Total Tax Increment Financing Funds 43,419,344.75 8,233,088.18 35,186,256.57 10,668,923.00 24,517,333.57 Redevelopment Funds 433 REDEVELOPMENT ADMINISTRATION GENERAL 19,679.42 0.00 19,679.42 0.00 19,679.42 100% 0 20% of annual expenditures 439 CERTIFIED TECHNOLOGY PARK 3,683,067.73 0.00 3,683,067.73 720,000.00 2,963,067.73 1001/6-6- 00% 20% of annual expenditures 454 AIRPORT URBAN ENTERPRISE ZONE 376,419.84 0.00 376,419.84 0.00 376,419.84 100% 0 20% of annual expenditures 619 BLACKTHORN GOLF COURSE OPERATIONS 121,449.94 0.00 121,449.94 334,341.20 (212,891.26) 7% Cash reserves less than target 20% of annual expenditures Total Redevelopment Funds 4,200,616.93 0.00 4,200,616.93 1,054,341.20 3,146,275.73 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% 0 100% debt service reserve per bond covenants 317 COVELESKI BOND DEBT RESERVE 503,536.98 0.00 503,536.98 503,536.98 0.0o 100% 100% debt service reserve per bond covenants 319 REDEVELOPMENT BOND - BLACKTHORN GOLF 0.00 0.00 0.00 0.00 0.00 0% 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 3,278,280.98 0.00 3,278,280.98 3,278,280.98 0.00 Total Redevelopment Commission Funds 50,898,242.66 8,233,088.18 42,665,154.48 15,001,545.18 27,663,609.30 0 Cash Reserve Report 3/11/2014 Page 5 General Fund - 101 $35,000,000.00 $30,000,000.00 $25,000,000.00 tAvailable Cash $20,000,000.00 $15,000,000.00 MIL $10,000,000.00 -IF-Reserve $5,000,000.00 Requirement M M �2 �2 M M M M (0 o m ii Q M 7 Q In Q Z � 50% 45% 40% 35% tActual 30% Percent 25% 20% 15% 10% --W-Percent 5% Requirement 0% U M -6 �. M M M 6, a M > U p ur 5 Q (n Z 9 a Q O 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 30- Nov -13 $13,615,491.79 $16,272,893.00 31- Dec -13 $27,464,709.03 $16,272,893.00 31- Jan -14 $22,475,568.55 $13,854,192.00 50% 45% 40% 35% tActual 30% Percent 25% 20% 15% 10% --W-Percent 5% Requirement 0% U M -6 �. M M M 6, a M > U p ur 5 Q (n Z 9 a Q O 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% 30- Nov -13 21% 25% 31- Dec -13 42% 25% 31- Jan -14 41% 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 tReserve $1,000,000.00 Requirement $- M M M M T M M M M M M �2 (9 p LL Q ? Q (n Q Z ) CU 40% 35% 30% 25% —4—Actual Percent 20% 15% 10% —0—Percent 5% Requirement 0% U M - M M M 6) Q M > U O N N I 7 N 1 O N p , LL 5 Q UJ t Z D a 7 — Q 7 — — O 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 31- Dec -13 $ 4,038,810.72 $ 3,231,865.75 31- Jan -14 $ 2,247,629.45 $ 3,096,131.75 40% 35% 30% 25% —4—Actual Percent 20% 15% 10% —0—Percent 5% Requirement 0% U M - M M M 6) Q M > U O N N I 7 N 1 O N p , LL 5 Q UJ t Z D a 7 — Q 7 — — O 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% 31- Dec -13 31% 25% 31- Jan -14 18% 25% Motor Vehicle Highway - 202 $4,500,000.00 $4,000,000.00 $3,500,000.00 $3,000,000.00 Available $2,500,000.00 Cash $2,000,000.00 $1,500,000.00 --W-Reserve $1,000,000.00 Requirement $500,000.00 N M M M T M M CO M M M M (0 LL Q Q V1 Q Z 45% 40% 35% 30% ----Actual Percent 25% 20% 15% 10% (Percent Requirement 5% 0% N M M �2 M M M M M M M M f0 > U C 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 31- Dec -13 $ 3,077,037.70 $ 1,835,299.20 31- Jan -14 $ 2,350,831.49 $ 1,821,153.60 45% 40% 35% 30% ----Actual Percent 25% 20% 15% 10% (Percent Requirement 5% 0% N M M �2 M M M M M M M M f0 > U C 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% 31- Dec -13 34% 20% 31- Jan -14 26% 20% Liability Insurance - 226 $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 6- M > 6 � O O 7 N O O p C LL 2E a C Q V) Z p @ Q 7 O Reserve Date Available Cash 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 31- Dec -13 $ 5,185,497.38 $ 728,981.75 31- Jan -14 $ 5,235,932.06 $ 724,300.00 250% 200% 150% —4--Actual Percent 100% --W-Percent 50% Requirement 0% 6 M �' i. M �. M M 6) Q �2 > 6 p u 5 Q (n Z p Q 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% 31- Dec -13 178% 25% 31- Jan -14 181% 25% Loss Recovery Fund - 227 $9,000,000.00 $8,000,000.00 $7,000,000.00 $6,000,000.00 —+--Available $5,000,000.00 Cash $4,000,000.00 $3,000,000.00 --W-Reserve $2,000,000.00 Requirement $1,000,000.00 O O 7 N O O Q O 1600% 1400% 1200% 1000% Actual 800% Percent 600% f Percent 400% Requirement 200% 0% U M M M 6) Q �2 > U N N I 7 N , O N p @ IL 5 Q Percent Date Reserve Date Available Cash 822% 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 31- Dec -13 $ 6,970,228.09 $ 105,237.00 31- Jan -14 $ 6,313,244.00 $ 930,000.00 1600% 1400% 1200% 1000% Actual 800% Percent 600% f Percent 400% Requirement 200% 0% U M M M 6) Q �2 > U N N I 7 N , O N p @ IL 5 Q 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% 30- Nov -13 1501% 20% 31- Dec -13 1325% 20% 31- Jan -14 136% 20% Public Safety LOIT - 249 $3,500,000.00 $3,000,000.00 $2,500,000.00 Available Cash $2,000,000.00 $1,500,000.00 $1,000,000.00 -—Reserve Requirement $500,000.00 $- N M M M �2 M M M M �2 M �2 V (6 O C � � o LL a ? a (0 Q O O 45% 40% 35% -4—Actual 30% Percent 25% 20% 15% f Percent 10% Requirement 5% 0% N M M M M M M M M M M M M r r r � � r r r r r � r r r C 5 0) N CIL O 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 31- Dec -13 $ 2,032,194.08 $ 1,420,351.40 31- Jan -14 $ 2,046,798.30 $ 1,442,931.60 45% 40% 35% -4—Actual 30% Percent 25% 20% 15% f Percent 10% Requirement 5% 0% N M M M M M M M M M M M M r r r � � r r r r r � r r r C 5 0) N CIL O 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% 31- Dec -13 29% 20% 31- Jan -14 28% 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 t Reserve $4,000,000.00 Requirement $2,000,000.00 $- U M M M 6 Q M > U O O 7 N O N a Q O 180% 160% 140% 120% --*—Actual 100% Percent 80% 60% 40% f Percent 20% Requirement 0% N M M M M M M M M M M M M r r r r r � r r r r r r r r U C T C 5 O_ U > U C N LL Q Co 7 N O O N M 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 31- Dec -13 $ 14,685,372.33 $ 4,721,708.50 31- Jan -14 $ 13,669,378.75 $ 4,877,970.00 180% 160% 140% 120% --*—Actual 100% Percent 80% 60% 40% f Percent 20% Requirement 0% N M M M M M M M M M M M M r r r r r � r r r r r r r r U C T C 5 O_ U > U C N LL Q Co 7 N O O N M 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% 31- Dec -13 156% 50% 31- Jan -14 140% 50% EDIT - 408 $12,000,000.00 $10,000,000.00 tAvailable $8,000,000.00 Cash $6,000,000.00 $4,000,000.00 --o—Reserve Requirement $2,000,000.00 U M M M �2 M M 6 Q �2 > U 1� O 7 N O N co N Co Q Z, 7 Q in U Z M Ur Q ? O 120% 100% 80% 60% 40% 20% -4--Actual Percent --W-Percent Requirement 0% 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 31- Dec -13 $ 10,085,156.94 $ 4,496,689.50 31- Jan -14 $ 8,379,313.95 $ 4,629,006.50 120% 100% 80% 60% 40% 20% -4--Actual Percent --W-Percent Requirement 0% 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% 5 t f6 50% 31- Oct -13 108% 50% 30- Nov -13 103% 50% 31- Dec -13 U C 31- Jan -14 91% 50% :� C 01 Q U > U C p� 4 . Q 7- Q 0 Q Z 0 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% 31- Dec -13 112% 50% 31- Jan -14 91% 50% Self- funded Employee Benefits - 711 $8,000,000.00 $7,000,000.00 $6,000,000.00 --*—Available $5,000,000.00 Cash $4,000,000.00 $3,000,000.00 f Reserve $2,000,000.00 Requirement $1,000,000.00 $- M M M M M M M �2 V O U C Q C 01 Q U > U C LL Q Q (n Q Z 0 7 60% 50% 40% +Actual Percent 30% 20% t Percent 10% Requirement 0% U M � �. M r M M Q M > U N r O N 7 N O N r f Q ? O Percent Date Actual Percent Requirement 31- Dec -12 Reserve Date Available Cash 55% 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 31- Dec -13 $ 5,661,447.10 $ 3,337,207.25 31- Jan -14 $ 6,054,616.69 $ 3,620,865.75 60% 50% 40% +Actual Percent 30% 20% t Percent 10% Requirement 0% U M � �. M r M M Q M > U N r O N 7 N O N r f Q ? O 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% 31- Dec -13 42% 25% 31- Jan -14 42% 25%