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HomeMy WebLinkAbout06-2014 Cash Reserve SummaryIW- N PEACE Period Ending: Issued by: June 30, 2014 Controller City of South Bend Cash Reserves Summary Page Number(s) Contents 2 -4 Cash Reserves Summary 5 General Fund Trends 6 Parks & Recreation Fund Trends 7 Motor Vehicle Highway Fund Trends 8 Liability Insurance Fund Trends 9 Loss Recovery Fund Trends 10 Public Safety LOIT Fund Trends 11 County Option Income Tax Fund (COIT) Trends 12 Economic Development Income Tax Fund (EDIT) Trends 13 Self - funded Employee Benefits Fund Trends 14 -16 Controller's Cash Report Distribution Mayor Pete Buttigieg Deputy Mayor Mark Neal Chief of Staff Kathryn Roos Deputy Chief of Staff Brian Pawlowski City Controller John Murphy Deputy City Controller Jennifer Hockenhull City Finance Director Rahman Johnson Financial Officer Cecil Eastman Department Heads Fiscal Officers Cash Reserve Report 1 City of South Bend Cash Reserves Summary June 30, 2014 Fund Fund Name Actual Cash Outstanding Available Cash Reserve Percentage Balance Encumbrances Cash Requirement Variance of Budget Notes Cash Reserve Policy City Controlled Funds General Fund 101 GENERALFUND 30,239,788.29 807,008.45 29,432,779.84 14,071,197.25 15,361,582.59 52% -W Propety taxes in June and December 25% of annual expenditures- higher due to property tax delays Special Revenue Funds 102 RAINY DAY FUND 8,634,353.51 0.00 8,634,353.51 8,389,741.30 244,612.21 3% No expenditures budgeted 3% contingency of total expenditures in previous fiscal year 201 PARKS & RECREATION 3,941,445.64 405,675.71 3,535,769.93 3,150,219.50 385,550.43 28 % -w Propety taxes in June and December 25% of annual expenditures - higher due to property tax delays 202 MOTOR VEHICLE HIGHWAY 4,074,437.02 707,570.76 3,366,866.26 1,941,729.60 1,425,136.66 35% Transfers from EDIT fund 20% of annual expenditures 203 RECREATION - NONREVERTING 905,952.90 124,348.32 781,604.58 295,812.80 485,791.78 53% 20% of annual expenditures 209 STUDEBAKERIOLIVER REVERTING GRANTS 1,085,479.93 0.00 1,085,479.93 277,000.00 808,479.93 78% 20% of annual expenditures 210 DEPT COMMUNITY INVESTMENT STATE GRANTS 331,657.28 0.00 331,657.28 23,577.20 308,080.08 281% • 20% of annual expenditures 211 DCI ADMINISTRATION FUND 826,849.34 29,480.70 797,368.64 480,976.80 316,391.84 33% 41' 20% of annual expenditures 212 DCI GRANT FUND 586,141.56 2,481,025.37 (1,894,883.81) (1,894,883.81) 0.00 100% DO grant fund - CDBG, HUD, etc. Grant fund- reimbursement grants - no reserves 216 POLICE STATE SEIZURES 182,507.16 0.00 182,507.16 8,000.00 174,507.16 456% 20% of annual expenditures 217 GIFT, DONATION, BEQUEST 93,225.73 12,260.22 80,965.51 10,202.00 70,763.51 159% 20% of annual expenditures 218 POLICE CURFEW VIOLATIONS 11,832.61 0.00 11,832.61 200.00 11,632.61 1183% 20% of annual expenditures 220 LAW ENFORCEMENT CONTINUING EDUCATION 995,004.52 7,059.06 987,945.46 58,960.40 928,985.06 335% 20% of annual expenditures 227 LOSS RECOVERY FUND 7,477,256.03 909,227.23 6,568,028.80 1,123,161.00 5,444,867.80 117% 20% of annual expenditures 244 EMERGENCY PHONE SYSTEM 106,995.76 0.00 106,995.76 0.00 106,995.76 50% ® No reserve requirement 249 PUBLIC SAFETY L.O.I.T. 1,604,462.03 0.00 1,604,462.03 1,442,931.60 161,530.43 22% - 20% of annual expenditures 251 LOCAL ROADS &STREETS 2,432,610.63 368,920.98 2,063,689.65 224,904.00 1,838,785.65 184% 20% of annual expenditures 252 EXCESS WELFARE DISTRIBUTION 1,152.02 0.00 1,152.02 229.20 922.82 1M 20% of annual expenditures 258 HUMAN RIGHTS - FEDERAL GRANT 406,148.06 13,777.37 392,370.69 44,800.20 347,570.49 175% 20% of annual expenditures 271 EASTRACE WATERWAY 5,307.47 596.27 4,711.20 2,069.20 2,642.00 46% 20% of annual expenditures 273 MORRIS PACIPALAIS ROYALE MARKETING 25,987.28 3,510.00 22,477.28 1,620.00 20,857.28 277% 20% of annual expenditures 280 POLICE BLOCK GRANTS 3,824.57 0.00 3,824.57 0.00 3,824.57 100% Police grant fund, reimbursement 20% of annual expenditures 281 REDEVLOPMENT COMMISSION - REV BONDS 27,180.13 0.00 27,180.13 0.00 27,180.13 100% a 20% of annual expenditures 289 HAZMAT 16,238.54 0.00 16,238.54 2,000.00 14,238.54 162% 20% of annual expenditures 291 INDIANA RIVER RESCUE 117,761.66 7,859.09 109,902.57 10,460.00 99,442.57 210% 40 20% of annual expenditures 292 POLICE GRANTS 133,166.25 0.00 133,166.25 45,612.00 87,554.25 58% 20% of annual expenditures 294 REGIONAL POLICE ACADEMY 74,562.94 0.00 74,562.94 4,750.00 69,812.94 314% 20% of annual expenditures 295 COPS MORE GRANT 111,672.71 1,251.50 110,421.21 28,320.00 82,101.21 78% 20% of annual expenditures 299 POLICE FEDERAL DRUG ENFORCEMENT 361,032.24 23,960.12 337,072.12 30,299.80 306,772.32 222 % 20% of annual expenditures 404 COUNTY OPTION INCOME TAX 15,059,211.05 493,009.80 14,566,201.25 5,582,892.50 8,983,308.75 130% 50% of annual expenditures - higher due to bonding and rating agencies 408 ECONOMIC DEVELOPMENT INCOME TAX 10,678,113.16 767,903.94 9,910,209.22 5,144,992.00 4,765,217.22 96% 50% of annual expenditures - higher due to bonding and rating agencies 410 URBAN DEVELOPMENT ACTION GRANT (UDAG) 27,640.35 0.00 27,640.35 0.00 27,640.35 100 % UDAG revenue is minimal 20% of annual expenditures 655 PROJECT RELEAF 1,106,634.31 0.00 1,106,634.31 86,022.80 1,020,611.51 257% 20% of annual expenditures 705 POLICE K -9 UNIT 2,317.09 0.00 2,317.09 400.00 1,917.09 116% 20% of annual expenditures Total Special Revenue Funds 61,448,161.48 6,357,436.44 55,090,725.04 26,517,000.09 28,573,724.95 Debt Service Fund 313 HALL OF FAME DEBT SERVICE 419,141.52 0.00 419,141.52 253,623.20 165,518.32 33% Propety taxes in June and December 20% of annual expenditures - cash flow problems due to property taxes Capital Project Funds 288 EMS I FIRE DEPARTMENT CAPITAL 4,610,907.83 563,613.53 4,047,294.30 1,080,443.00 2,966,851.30 75% 20% of annual expenditures 377 PROFESSIONAL SPORTS DEVELOPMENT 695,906.74 0.00 695,906.74 173,149.20 522,757.54 80% 20% of annual expenditures 401 COVELESKI STADIUM CAPITAL 26,901.97 0.00 26,901.97 708.00 26,193.97 760% 20% of annual expenditures 403 ZOO ENDOWMENT 49,117.09 0.00 49,117.09 0.00 49,117.09 100% 20% of annual expenditures 405 PARK NONREVERTING CAPITAL 437,798.71 20,232.94 417,565.77 41,043.40 376,522.37 203% 20% of annual expenditures 406 CUMULATIVE CAPITAL DEVELOPMENT 704,014.30 0.00 704,014.30 180,733.75 523,280.55 97% 25% of annual expenditures - higher due to property tax delays 407 CUMULATIVE CAPITAL IMPROVEMENT 115,110.61 0.00 115,110.61 91,190.50 23,920.11 32% Cigarette and hotel /motel taxes 25% of annual expenditures- higher due to state tax delays 412 MAJOR MOVES CONSTRUCTION 6,885,051.44 2,621,479.23 4,263,572.21 1,164,745.80 3,098,826.41 73% 20% of annual expenditures 416 MORRIS PERFORMING ARTS CENTER CAPITAL 498,186.10 3,034.00 495,152.10 10,640.00 484,512.10 931 % 20% of annual expenditures 434 CREED FUND (11,284.02) 0.00 (11,284.02) 162,737.50 (174,021.52) -2% Revenue collected in Nov /Dec 25% of annual expenditures - higher due to state tax datays 450 PALAIS ROYALE HISTORIC PRESERVATION 57,127.59 0.00 57,127.59 2,000.00 55,127.59 571 % 20% of annual expenditures 677 HALL OF FAME CAPITAL FUND 615,321.19 8,907.86 606,413.33 37,713.40 568,699.93 32M 20% of annual expenditures Total Capital & Debt Service Funds 15,103,301.07 3,217,267.56 11,886,033.51 3,198,727.75 8,687,305.76 Enterprise Funds 600 CONSOLIDATED BUILDING DEPARTMENT 620,997.36 545,280.88 75,716.48 759,781.80 (684,065.32) 2% Cash reserves less than target _20% of annual expenditures Cash Reserve Report City of South Bend Cash Reserves Summary June 30, 2014 Fund Fund Name Actual Cash Outstanding Available Cash Reserve Percentage Balance Encumbrances Cash Requirement Variance of Budget Notes Cash Reserve Policy 601 PARKING GARAGES 1,014,599.81 115,920.00 898,679.81 159,561.60 739,118.21 113% 4" 20% of annual expenditures 610 SOLID WASTE OPERATIONS 457,025.04 476,603.41 (19,578.37) 1,087,892.60 (1,107,470.97) 0% ® High blanket encumbrances, cash ok 20% of annual expenditures 611 SOLID WASTE CAPITAL 55,367.09 20,618.05 34,749.04 0.00 34,749.04 100% Transfers made as needed No Reserves - transfer from operating account for debt service as needed 620 WATER WORKS OPERATIONS 3,325,991.43 291,787.24 3,034,204.19 0.00 3,034,204.19 20% No reserves - transfer from operating accounts as needed 622 WATER WORKS CAPITAL 3,534,889.31 96,870.20 3,438,019.11 195,651.60 3,242,367.51 351% w 20% of annual expenditures 623 WATERWORKS BOND CAPITAL 365,939.44 75,442.93 290,496.51 0.00 290,496.51 100% Bond fund - spend down to zero - no reserves 624 WATER WORKS CUSTOMER DEPOSIT 1,465,420.34 0.00 1,465,420.34 1,465,420.34 0.00 100% 100% rash reserves for customer deposits 625 WATERWORKS SINKING FUND 646,327.07 0.00 646,327.07 0.00 646,327.07 100% AV No Reserves- transfer from operating account for debt service as needed 626 WATER WORKS BOND RESERVE 1,620,066.97 0.00 1,620,066.97 1,620,066.97 0.00 100% 100% cash reserves per bond covenants and Crowe Horwalh 629 WATER WORKS RESERVE - O & M 2,085,038.68 0.00 2,085,038.68 1,416.95 2,083,621.73 24530% • 16.67% of annual operating expenses in fund 620, net of transfers 640 SEWER REPAIR INSURANCE 1,493,751.86 30,996.35 1,462,755.51 109,995.60 1,352,759.91 266% 20% of annual expenditures 641 SEWAGE WORKS OPERATIONS 5,755,048.80 1,752,102.86 4,002,945.94 1,777,809.70 2,225,136.24 11% 5% of annual expenditures, $1.5 million target, see also fund 643 642 SEWAGE WORKS CAPITAL 5,411,666.57 3,221,227.71 2,190,438.86 0.00 2,190,438.86 24% 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 0.00 100% Bond fund - spend down to zero - no reserves 647 2007 SEWER BOND 338.47 332.76 5.71 0.00 5.71 100% Bond fund - spend down to zero - no reserves 649 SEWAGE WORKS BOND SINKING 3,762,556.36 0.00 3,762,556.36 0.00 3,762,556.36 100% No Reserves- transfer from operating account for debt service as needed 650 CLAY SEWAGE WORKS OPERATIONS 0.00 0.00 0.00 0.00 0.00 100% 10 100% reserves of cash available 651 20078 SEWER BOND 2.44 0.00 2.44 0.00 2.44 100 % 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 2,219.59 0.00 2,219.59 0.00 2,219.59 100% Bond fund - spend down to zero - no reserves required 659 2011 SEWER BOND 5,369,613.59 4,033,199.85 1,336,413.74 0.00 1,336,413.74 100% Bond fund - spend down to zero - no reserves required 661 2012 SEWER BOND 17,820,445.45 319,448.23 17,500,997.22 0.00 17,500,997.22 100% Bond fund - spend down to zero - no reserves required 664 2013A SEWER REFUNDING BOND 4,476.36 0.00 4,476.36 0.00 4,476.36 100% Bond fund - spend down to zero - no reserves required 670 CENTURYCENTER 418,963.81 0.00 418,963.81 912,979.60 (494,015.79) 9% 20% of annual expenditures 671 CENTURY CENTER CAPITAL 1,757,842.79 0.00 1,757,842.79 106,684.00 1,651,158.79 1648% 20% of annual expenditures, $800,000 minimum per Board of Managers Total Enterprise Funds 67,697,980.57 10,979,830.47 56,718,150.10 15,486,589.66 41,231,560.44 Internal Service Funds 222 CENTRAL SERVICES 1,659,661.33 98,155.13 1,561,506.20 1,607,306.40 (45,800.20) 19% exclude utilities budget & encumb. 20% of annual expenditures, excluding utility accounting 226 LIABILITY INSURANCE 5,133,979.96 34,224.00 5,099,755.96 724,300.00 4,375,455.96 176% 25% of annual expenditures- higher reserves for future claims 278 TAKE HOME VEHICLE POLICE 515,023.69 0.00 515,023.69 16,116.00 498,907.69 639% 20% of annual expenditures 711 SELF - FUNDED EMPLOYEE BENEFITS 5,021,933.35 54,176.60 4,967,756.75 3,620,865.75 1,346,891.00 34% 25% of annual expenditures- higher reserves for future claims 713 UNEMPLOYMENT COMP FUND 228,326.24 0.00 228,326.24 45,594.80 182,731.44 100% Rates charged to departments reduced 20% of annual expenditures Total Internal Service Funds 12,558,924.57 186,555.73 12,372,368.84 6,014,182.95 6,358,185.89 Trust & Agency Funds 701 FIREFIGHTERS PENSION 777,645.09 0.00 777,645.09 1,468,611.25 (690,966.16) 13% Pension relief June & September 25% of annual expenditures, higherdue to pension relief paid later 702 POLICE PENSION 1,283,025.91 0.00 1,283,025.91 1,805,485.25 (522,459.34) 18% Pension relief June & September 25% of annual expenditures, higher due to pension relief paid later 703 POLICE/FIRE 1977 STATE PENSION 0.00 0.00 0.00 0.00 0.00 100% 100% cash reserves - trust & agency funds 709 PAYROLL FUND 11.99 0.00 11.99 11.99 0.00 100 % 100% rash reserves - trust & agency funds 712 PUBLIC EMPLOYEES RETIREMENT FUND 0.00 0.00 0.00 0.00 0.00 100 % 100% cash reserves - trust & agency funds 718 STATE TAX DEDUCTION FUND 277,164.34 0.00 277,164.34 277,164.34 0.00 100% 100% cash reserves- trust& agency funds 725 MORRIS / PALAIS BOX OFFICE 1,088,754.34 0.00 1,088,754.34 1,088,754.34 0.00 100% 100% cash reserves - trust &agency funds 730 CITY CEMETERY TRUST 37,005.45 10,595.00 26,410.45 4,119.00 22,291.45 1289% 40 20% of annual expenditures Total Trust & Agency Funds 3,463,607.12 10,595.00 3,453,012.12 4,644,146.17 (1,191,134.05) Total City Funds 190,511,763.10 21,558,693.65 168,953,069.45 69,931,843.87 99,021,225.58 Redevelopment Commission Controlled Funds Tax Increment Financing Funds 324 TIF REVENUE - AIRPORT 29,574,289.18 1,188,986.62 28,385,302.56 6,821,673.25 21,563,629.31 104% Propety taxes in June and December 25% of annual expenditures- higher due to property tax delays 420 TIF DISTRICT- SBCDA GENERAL (DOWNTOWN) 3,688,819.11 279,498.60 3,409,320.51 1,457,315.25 1,952,005.26 58% Propety taxes in June and December 25% of annual expenditures- higher due to property tax delays 422 TIF DISTRICT - WEST WASHINGTON 917,957.97 8,300.36 909,657.61 164,383.50 745,274.11 138% 25% of annual expenditures- higher due to property tax delays 425 TIF LEIGHTON PLAZA 142,754.52 0.00 142,754.52 29,885.00 112,869.52 96% Propety taxes in June and December 20% of annual expenditures 426 TIF CENTRAL MEDICAL SERVICE AREA 1,968,017.68 225,474.04 1,742,543.64 1,025,876.00 716,667.64 42 % Propety taxes in June and December 25% of annual expenditures - higher due to property tax delays 429 TIF NORTHEAST DISTRICT 3,821,273.68 5,500.00 3,815,773.68 701,529.25 3,114,244.43 136% Propety taxes in June and December 25% of annual expenditures- higher due to property tax delays 430 TIF SOUTHSIDE DEVELOPMENT AREA #1 4,368,946.39 1,179,843.22 3,189,103.17 1,621,989.25 1,567,113.92 49% Propety taxes in June and December 25% of annual expenditures- higher due to property tax delays 432 TIF SSDA #3 - ERSKINE VILLAGE 6,634,990.25 0.00 6,634,990.25 123,537.75 6,511,452.50 1343% Propety taxes in June and December 25% of annual expenditures - higher due to property tax delays Cash Reserve Report City of South Bend Cash Reserves Summary June 30, 2014 Fund Fund Name Actual Cash Outstanding Available Cash Reserve Percentage Balance Encumbrances Cash Requirement Variance of Budget Notes Cash Reserve Policy 435 TIF - DOUGLAS ROAD 360,659.90 4,200.00 356,459.90 99,955.75 256,504.15 89% Q Propety taxes in June and December 25% of annual expenditures - higher due to property tax delays 436 TIF - NORTHEST RESIDENTIAL 2,072,599.57 0.00 2,072,599.57 895,807.00 1,176,792.57 58% Q Propety taxes in June and December 25% of annual expenditures- higher due to property tax delays Total Tax Increment Financing Funds 53,550,306.25 2,891,602.84 50,658,505.41 12,941,952.00 37,716,553.41 Q Redevelopment Funds 433 REDEVELOPMENT ADMINISTRATION GENERAL 10,081.02 0.00 10,081.02 4,000.00 6,081.02 50% Q 20% of annual expenditures 439 CERTIFIED TECHNOLOGY PARK 3,689,710.05 0.00 3,689,710.05 720,000.00 2,969,710.05 102% Q 20% of annual expenditures 454 AIRPORT URBAN ENTERPRISE ZONE 377,098.68 0.00 377,098.68 0.00 377,098.68 100% Q 20% of annual expenditures 619 BLACKTHORN GOLF COURSE OPERATIONS 282,493.96 0.00 282,493.96 334,341.20 (51,847.24) 17% Q Cash reserves less than target 20% of annual expenditures Total Redevelopment Funds 4,359,383.71 0.00 4,359,383.71 1,058,341.20 3,301,042.51 Q Debt SeMce Funds 315 AIRPORT 2003 DEBT RESERVE 1,038,904.00 0.00 1,038,904.00 1,038,904.00 0.00 100% Q 100% debt service reserve per bond covenants 317 COVELESKI BOND DEBT RESERVE 504,445.08 0.00 504,445.08 504,445.08 0.00 100 % Q 100% debt service reserve per bond covenants 319 REDEVELOPMENT BOND - BLACKTHORN GOLF 0.00 0.00 0.00 0.00 0.00 100% Q 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 % Q 100% debt service reserve per bond covenants Total Debt SeMce Funds 3,279,189.08 0.00 3,279,189.08 3,279,189.08 0.00 Total Redevelopment Commission Funds 61,168,681.04 2,891,602.84 56,297,076.20 17,279,482.26 41,017,595.92 Q City Operations Total 251,700,644.14 24,450,496.49 227,250,147.65 87,211,326.15 1 140,038,821.50 Cash Reserve Report General Fund - 101 $35,000,000.00 $30,000,000.00 $25,000,000.00 —*--Available Cash $20,000,000.00 $15,000,000.00 $10,000,000.00 Reserve $5,000,000.00 Requirement $- Reserve Date Available Cash 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 28- Feb -14 $ 19,666,397.13 $ 14,060,717.50 31- Mar -14 $ 16,931,467.58 $ 14,071,197.25 30- Apr -14 $ 13,664,592.50 $ 14,071,197.25 31- May -14 $ 10,906,411.36 $ 14,071,197.25 30- Jun -14 $ 29,432,779.84 $ 14,071,197.25 60% 50% 40% Actual Percent 30% 20% —M—Percent 10% Requirement 0% Cash Reserve Report 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% 30- Nov -13 21% 25% 31- Dec -13 42% 25% 31- Jan -14 41% 25% 28- Feb -14 35% 25% 31- Mar -14 30% 25% 30- Apr -14 24% 25% 31- May -14 19% 25% 30- Jun -14 52% 25% Cash Reserve Report 5 Parks & Recreation - 201 $6,000,000.00 $5,000,000.00 $4,000,000.00 Available Cash $3,000,000.00 1' MEN L $2,000,000.00 —F Reserve $1,000,000.00 Requirement $- C', e� po` Reserve Date Available Cash 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 28- Feb -14 $ 1,648,649.90 $ 3,150,219.50 31- Mar -14 $ 1,032,377.06 $ 3,150,219.50 30- Apr -14 $ 590,542.73 $ 3,150,219.50 31- May -14 $ 83,244.80 $ 3,150,219.50 30- Jun -14 $ 3,535,769.93 $ 3,150,219.50 40% 35% 30% 25% 1 D—",, A Actual Percent 20% 15% 10% f Percent 5% Requirement 0% ,sPJ� oG,�S� Oe�ec Cash Reserve Report 6 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% 28- Feb -14 13% 25% 31- Mar -14 8% 25% 30- Apr -14 5% 25% 31- May -14 1% 25% 30- Jun -14 28% 25% Cash Reserve Report 6 Mnfnr VahirlP Hinhwav - 9n7 Date Available Cash Percent 11...— 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 28- Feb -14 $ 2,055,931.61 $ 1,941,729.60 31- Mar -14 $ 1,890,447.88 $ 1,941,729.60 30- Apr -14 $ 3,351,701.43 $ 1,941,729.60 31- May -14 $ 3,470,456.90 $ 1,941,729.60 30- Jun -14 $ 3,366,866.26 $ 1,941,729.60 45% 40% 35% 30% -4—Actual Percent 25% 20% 15% 10% (Percent Requirement 5% 0% ,or ` 3 ° :JN Cash Reserve Report 7 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% 28- Feb -14 21% 20% 31- Mar -14 19% 20% 30- Apr -14 35% 20% 31- May -14 36% 20% 30- Jun -14 35% 20% Cash Reserve Report 7 Liability Insurance - 226 $6,000,000.00 $5,000,000.00 $4,000,000.00 tAvailable Cash $3,000,000.00 $2,000,000.00 tReserve $1,000,000.00 Requirement Oo'` ^O �eQ Qq 50 �p 250% 200% 150% Actual Percent 100% tPercent 50% Requirement 0% ,JCN3� ^PJq • OG� N� oeC', ^Dk PQ`Nrx 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 31- Dec -13 $ 5,185,497.38 $ 728,981.75 31- Jan -14 $ 5,235,932.06 $ 724,300.00 28- Feb -14 $ 5,019,217.44 $ 724,300.00 31- Mar -14 $ 5,075,527.45 $ 724,300.00 30- Apr -14 $ 5,218,468.25 $ 724,300.00 31- May -14 $ 5,341,078.00 $ 724,300.00 30- Jun -14 $ 5,099,755.96 $ 724,300.00 250% 200% 150% Actual Percent 100% tPercent 50% Requirement 0% ,JCN3� ^PJq • OG� N� oeC', ^Dk PQ`Nrx Cash Reserve Report 8 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% 28- Feb -14 173% 25% 31- Mar -14 175% 25% 30- Apr -14 180% 25% 31- May -14 184% 25% 30- Jun -14 176% 25% Cash Reserve Report 8 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 tReserve $2,000,000.00 Requirement $1,000,000.00 Aff ^3 Q� ^Ib Ib ^PJA OG ^� ^Qe� ' e� ^P, Q� ^� ^D 1600% 1400% 1200% 1000% Actual 800% Percent 600% tPercent 400% Requirement 200% 0% ,JCN3� ^PJq • OG� N� oeV ^Dk PQ`Nrx 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 28- Feb -14 $ 6,890,352.55 $ 1,123,161.00 31- Mar -14 $ 6,953,221.38 $ 1,123,161.00 30- Apr -14 $ 6,914,254.79 $ 1,123,161.00 31- May -14 $ 6,537,384.88 $ 1,123,161.00 30- Jun -14 $ 6,568,028.80 $ 1,123,161.00 1600% 1400% 1200% 1000% Actual 800% Percent 600% tPercent 400% Requirement 200% 0% ,JCN3� ^PJq • OG� N� oeV ^Dk PQ`Nrx Cash Reserve Report 9 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% 28- Feb -14 123% 20% 31- Mar -14 124% 20% 30- Apr -14 123% 20% 31- May -14 116% 20% 30- Jun -14 117% 20% Cash Reserve Report 9 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 IFIFIFE $1,000,000.00 tReserve Requirement $500,000.00 $- �ti �� 'b 'b 'b �3 'b Nt' Nt� ^t' �JO tee' Oo� e° �I 45% 40% 35% —+--Actual 30% Percent 25% 20% 15% tPercent 10% Requirement 5% 0% 4� ^OCY� ^OeCr���eo 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 28- Feb -14 $ 1,965,415.14 $ 1,442,931.60 31- Mar -14 $ 1,788,938.50 $ 1,442,931.60 30- Apr -14 $ 1,727,753.74 $ 1,442,931.60 31- May -14 $ 1,686,442.29 $ 1,442,931.60 30- Jun -14 $ 1,604,462.03 $ 1,442,931.60 45% 40% 35% —+--Actual 30% Percent 25% 20% 15% tPercent 10% Requirement 5% 0% 4� ^OCY� ^OeCr���eo Cash Reserve Report 10 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% 28- Feb -14 27% 20% 31- Mar -14 25% 20% 30- Apr -14 24% 20% 31- May -14 23% 20% 30- Jun -14 22% 20% Cash Reserve Report 10 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 f Reserve $4,000,000.00 Requirement $2,000,000.00 ^O�a lea ^o PQ`�3 :0Fr � � �c ^0315) �e� �qj o0 00 n� �4i o0 00 180% 160% 140% 120% Actual 100% Percent 80% 60% 40% f Percent 20% Requirement 0% NIb ^106f Reo 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 28- Feb -14 $ 14,064,953.63 $ 4,988,101.00 31- Mar -14 $ 14,419,544.87 $ 5,096,642.50 30- Apr -14 $ 14,138,281.09 $ 5,096,642.50 31- May -14 $ 14,417,615.48 $ 5,582,892.50 30- Jun -14 $ 14,566,201.25 $ 5,582,892.50 180% 160% 140% 120% Actual 100% Percent 80% 60% 40% f Percent 20% Requirement 0% NIb ^106f Reo Cash Reserve Report 8/6/2014 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% 28- Feb -14 141% 50% 31- Mar -14 141% 50% 30- Apr -14 139% 50% 31- May -14 129% 50% 30- Jun -14 130% 50% Cash Reserve Report 8/6/2014 EDIT - 408 $12,000,000.00 $10,000,000.00 tAvailable $8,000,000.00 Cash $6,000,000.00 $4,000,000.00 ---Reserve Requirement $2,000,000.00 e� e� �� o4 Oo'` e� e� � oc ^O rV �aQ� Ion � ^P �^ � ^O IMF rp lbo� 120% 100% 80% 60% 40% 20% 0% i r i i I Percent Date Reserve Date Available Cash ^Qeo 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 28- Feb -14 $ 9,278,816.60 $ 5,007,492.00 31- Mar -14 $ 9,966,875.90 $ 5,007,492.00 30- Apr -14 $ 9,076,730.26 $ 5,007,492.00 31- May -14 $ 9,202,305.40 $ 5,144,992.00 30- Jun -14 $ 9,910,209.22 $ 5,144,992.00 0% i r i i I Percent Date Actual Percent Requirement IN ^Oo� ^Qeo 3��eo'Ve� PPQ� §Y�JCq^P�� 5 S l`b��o SOPQ� 5o��c Actual Percent Percent Requirement Cash Reserve Report 12 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% 28- Feb -14 93% 50% 31- Mar -14 100% 50% 30- Apr -14 91% 50% 31- May -14 89% 50% 30- Jun -14 96% 50% Actual Percent Percent Requirement Cash Reserve Report 12 sere- tunaea tmpioyee tsenetsts - iii $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 tReserve $2,000,000.00 Requirement $1,000,000.00 $- Oeo fed PQc ��� PJ0 Oati Oeo �e� PQt �Jc 60% 50% 40% --*--Actual Percent 30% 20% tPercent Requirement 10% 0% N- N N ^3 Nb Nb Nb N' ^t' Nt' OeG Few PQ :SJO P Oo� OeG Qe� PQ� �JO 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 28- Feb -14 $ 5,189,194.64 $ 3,620,865.75 31- Mar -14 $ 4,881,271.34 $ 3,620,865.75 30- Apr -14 $ 4,775,766.48 $ 3,620,865.75 31- May -14 $ 4,734,213.61 $ 3,620,865.75 30- Jun -14 $ 4,967,756.75 $ 3,620,865.75 60% 50% 40% --*--Actual Percent 30% 20% tPercent Requirement 10% 0% N- N N ^3 Nb Nb Nb N' ^t' Nt' OeG Few PQ :SJO P Oo� OeG Qe� PQ� �JO 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% 28- Feb -14 36% 25% 31- Mar -14 34% 25% 30- Apr -14 33% 25% 31- May -14 33% 25% 30- Jun -14 34% 25% Cash Reserve Report 13