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HomeMy WebLinkAbout07-2014 Cash Reserve SummaryIW- N PEACE Period Ending: Issued by: July 31, 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 July 31, 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 GENERAL FUND 27,211,710.17 737,966.14 26,473,744.03 14,088,697.25 12,385,046.78 47% Property taxes in June and December 25% of annual expenditures - higher due to property tax delays Special Revenue Funds 102 RAINY DAY FUND 8,635,198.14 0.00 8,635,198.14 8,389,741.30 245,456.84 3% No expenditures budgeted 3% contingency of total expenditures in previous fiscal year 201 PARKS & RECREATION 3,355,576.27 307,908.98 3,047,667.29 3,150,219.50 (102,552.21) 24% • Property taxes in June and December 25% of annual expenditures - higher due to property tax delays 202 MOTOR VEHICLE HIGHWAY 4,069,990.59 1,232,913.74 2,837,076.85 2,001,775.40 835,301.45 28% - Transfers from EDIT fund 20% of annual expenditures 203 RECREATION - NONREVERTING 909,803.41 122,390.50 787,412.91 295,812.80 491,600.11 53% 20% of annual expenditures 209 STUDEBAKERIOLIVER REVERTING GRANTS 1,085,586.11 0.00 1,085,586.11 283,000.00 802,586.11 77% 20% of annual expenditures 210 DEPT COMMUNITY INVESTMENT STATE GRANTS 349,693.62 0.00 349,693.62 423,577.20 (73,883.58) 17% 20% of annual expenditures 211 DCI ADMINISTRATION FUND 712,586.10 28,100.64 684,485.46 480,976.80 203,508.66 28% 20% of annual expenditures 212 DCI GRANT FUND 667,259.14 2,361,185.60 (1,693,926.46) (1,693,926.46) 0.00 1001/. DCI grantfund - CDBG, HUD, etc. Grant fund- reimbursement grants - no reserves 216 POLICE STATE SEIZURES 182,523.96 0.00 182,523.96 81000.00 174,523.96 456% 20% of annual expenditures 217 GIFT, DONATION, BEQUEST 232,284.85 1,310.22 230,974.63 40,202.00 190,772.63 115% 20% of annual expenditures 218 POLICE CURFEW VIOLATIONS 11,883.76 0.00 11,883.76 200.00 11,683.76 1188% 20% of annual expenditures 220 LAW ENFORCEMENT CONTINUING EDUCATION 1,004,630.05 7,059.06 997,570.99 58,960.40 938,610.59 338% 20% of annual expenditures 227 LOSS RECOVERY FUND 7,373,166.77 855,449.50 6,517,717.27 1,323,161.00 5,194,556.27 99% 20% of annual expenditures 244 EMERGENCY PHONE SYSTEM 94,182.39 0.00 94,182.39 0.00 94,182.39 440/6 No reserve requirement 249 PUBLIC SAFETY L.O.I.T. 1,028,769.93 0.00 1,028,769.93 1,442,931.60 (414,161.67) 14% ® 20% of annual expenditures 251 LOCAL ROADS &STREETS 2,323,213.36 427,352.11 1,895,861.25 224,904.00 1,670,957.25 169 % 20% of annual expenditures 252 EXCESS WELFARE DISTRIBUTION 1,152.13 0.00 1,152.13 229.20 922.93 101% 0 20% of annual expenditures 258 HUMAN RIGHTS - FEDERAL GRANT 381,767.89 10,678.68 371,089.21 44,800.20 326,289.01 166% 20% of annual expenditures 271 EASTRACE WATERWAY 5,307.99 0.00 5,307.99 2,069.20 3,238.79 51 % 20% of annual expenditures 273 MORRIS PAC / PALAIS ROYALE MARKETING 26,639.78 3,510.00 23,129.78 3,600.00 19,529.78 128% 20% of annual expenditures 280 POLICE BLOCK GRANTS 3,824.94 0.00 3,824.94 0.00 3,824.94 100% Police grant fund, reimbursement 20% of annual expenditures 281 REDEVLOPMENT COMMISSION - REV BONDS 27,182.79 0.00 27,182.79 0.00 27,182.79 100% IV 20% of annual expenditures 289 HAZMAT 40,294.67 0.00 40,294.67 2,000.00 38,294.67 403% 20% of annual expenditures 291 INDIANA RIVER RESCUE 110,231.31 628.20 109,603.11 10,460.00 99,143.11 210% 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 74,311.31 571.80 73,739.51 4,750.00 68,989.51 310% 20% of annual expenditures 295 COPS MORE GRANT 110,116.76 900.00 109,216.76 28,320.00 80,896.76 77% 20% of annual expenditures 299 POLICE FEDERAL DRUG ENFORCEMENT 362,782.76 23,960.12 338,822.64 33,299.80 305,522.84 203 % 20% of annual expenditures 404 COUNTY OPTION INCOME TAX 14,085,339.31 301,161.37 13,784,177.94 5,582,892.50 8,201,285.44 123 % 50% of annual expenditures - higher due to bonding and rating agencies 408 ECONOMIC DEVELOPMENT INCOME TAX 9,541,200.18 583,128.19 8,958,071.99 5,144,992.00 3,813,079.99 iii 50% of annual expenditures - higher due to bonding and rating agencies 410 URBAN DEVELOPMENT ACTION GRANT (UDAG) 27,643.06 0.00 27,643.06 0.00 27,643.06 100% UDAG revenue is minimal 20% of annual expenditures 655 PROJECT RELEAF 1,129,267.45 0.00 1,129,267.45 86,022.80 1,043,244.65 263% 20% of annual expenditures 705 POLICE K -9 UNIT 2,317.32 0.00 2,317.32 400.00 1,917.32 116% 20% of annual expenditures Total Special Revenue Funds 58,098,894.35 6,268,208.71 51,830,685.64 27,418,983.24 24,411,702.40 Debt Service Fund 313 HALL OF FAME DEBT SERVICE (209,718.72) 0.00 (209,718.72) 253,623.20 (463,341.92) -17 % Property taxes in June and December 20% of annual expenditures - cash Bow problems due to property taxes Capital Project Funds 288 EMS / FIRE DEPARTMENT CAPITAL 4,399,313.74 483,957.22 3,915,356.52 1,257,459.80 2,657,896.72 62% 20% of annual expenditures 377 PROFESSIONAL SPORTS DEVELOPMENT 386,383.91 0.00 386,383.91 173,149.20 213,234.71 45% 20% of annual expenditures 401 COVELESKI STADIUM CAPITAL 26,904.60 0.00 26,904.60 708.00 26,196.60 760% 20% of annual expenditures 403 ZOO ENDOWMENT 49,121.89 0.00 49,121.89 0.00 49,121.89 100% 20% of annual expenditures 405 PARK NONREVERTING CAPITAL 435,012.41 17,927.89 417,084.52 41,043.40 376,041.12 203% 20% of annual expenditures 406 CUMULATIVE CAPITAL DEVELOPMENT 595,316.83 0.00 595,316.83 180,733.75 414,583.08 82 % 25% of annual expenditures - higher due to property tax delays 407 CUMULATIVE CAPITAL IMPROVEMENT 81,370.67 0.00 81,370.67 91,190.50 (9,819.83) 22% Cigarette and hotel /motel taxes 25% of annual expenditures - higher due to state tax delays 412 MAJOR MOVES CONSTRUCTION 6,473,433.97 2,322,342.08 4,151,091.89 1,164,745.80 2,986,346.09 71% 20% of annual expenditures 416 MORRIS PERFORMING ARTS CENTER CAPITAL 500,059.73 2,382.00 497,677.73 10,640.00 487,037.73 935% 20% of annual expenditures 434 CREED FUND (11,259.13) 0.00 (11,259.13) 162,737.50 (173,996.63) -2% Revenue collected in Nov /Dec 25% of annual expenditures - higher due to state tax delays 450 PALAIS ROYALE HISTORIC PRESERVATION 57,264.88 0.00 57,264.88 2,000.00 55,264.88 573 % 20% of annual expenditures 677 HALL OF FAME CAPITAL FUND 611,261.27 8,907.86 602,353.41 37,713.40 564,640.01 319% 4P 20% of annual expenditures Total Capital & Debt Service Funds 13,394,466.05 2,835,517.05 10,558,949.00 3,375,744.55 7,183,204.45 Enterprise Funds 600 CONSOLIDATED BUILDING DEPARTMENT 311,445.19 341,092.91 (29,647.72) 759,781.80 (789,429.52) A % cash reserves less than target 120% of annual expenditures Cash Reserve Report City of South Bend Cash Reserves Summary July 31, 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 1,037,734.72 115,920.00 921,814.72 319,561.60 602,253.12 58% 20% of annual expenditures 610 SOLID WASTE OPERATIONS 411,801.81 352,068.99 59,732.82 1,121,992.60 (1,062,259.78) Ti High blanket encumbrances, cash ok 20% of annual expenditures 611 SOLID WASTE CAPITAL 304.13 0.00 304.13 0.00 304.13 100% Transfers made as needed No Reserves - transfer from operating account for debt service as needed 620 WATER WORKS OPERATIONS 3,248,337.89 269,078.19 2,979,259.70 0.00 2,979,259.70 209% • No reserves - transfer from operating accounts as needed 622 WATER WORKS CAPITAL 3,523,985.10 386,670.20 3,137,314.90 195,651.60 2,941,663.30 321% 20% of annual expenditures 623 WATERWORKS BOND CAPITAL 289,972.36 9,485.00 280,487.36 0.00 280,487.36 100 % Bond fund - spend down to zero - no reserves 624 WATER WORKS CUSTOMER DEPOSIT 1,464,997.16 0.00 1,464,997.16 1,464,997.16 0.00 100% 100% cash reserves for customer deposits 625 WATERWORKS SINKING FUND 816,787.07 0.00 816,787.07 0.00 816,787.07 100% No Reserves - transfer from operating account for debt service as needed 626 WATER WORKS BOND RESERVE 1,628,786.44 0.00 1,628,786.44 1,628,786.44 0.00 100% 100% cash reserves per bond covenants and Crowe Horwath 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 1,453,503.20 92,344.58 1,361,158.62 109,995.60 1,251,163.02 247% A 20% of annual expenditures 641 SEWAGE WORKS OPERATIONS 6,415,059.57 2,035,067.94 4,379,991.63 1,777,809.70 2,602,181.93 12% 5% of annual expenditures, $1.5 million target, we also fund 643 642 SEWAGE WORKS CAPITAL 5,259,732.74 3,548,948.02 1,710,784.72 0.00 1,710,784.72 18% 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 0.10 0.00 0.10 0.00 0.10 100% Bond fund - spend down to zero - no reserves 649 SEWAGE WORKS BOND SINKING 4,537,462.90 0.00 4,537,462.90 0.00 4,537,462.90 100% 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% 100% reserves of cash available 651 20078 SEWER BOND 0.00 0.00 0.00 0.00 0.00 100% • 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 Horwath 658 2010 SEWER BOND 1,295.71 1,295.50 0.21 0.00 0.21 100 % Bond fund - spend down to zero - no reserves required 659 2011 SEWER BOND 4,945,654.36 3,645,799.80 1,299,854.56 0.00 1,299,854.56 100 % Bond fund - spend down to zero - no reserves required 661 2012 SEWER BOND 17,822,189.02 2,527,011.09 15,295,177.93 0.00 15,295,177.93 100 % Bond fund - spend down to zero - no reserves required 664 2013A SEWER REFUNDING BOND 4,476.80 0.00 4,476.80 0.00 4,476.80 10O Bond fund - spend down to zero - no reserves required 670 CENTURY CENTER 886,037.41 0.00 886,037.41 912,979.60 (26,942.19) 19% 20% of annual expenditures 671 CENTURY CENTER CAPITAL 1,757,871.69 0.00 1,757,871.69 393,547.00 1,364,324.69 447 % -4V 20% of annual expenditures, $800,000 minimum per Board of Managers Total Enterprise Funds 68,611,865.99 13,324,762.22 55,287,063.77 15,975,848.95 39,311,234.82 Internal Service Funds 222 CENTRAL SERVICES 1,575,255.97 158,125.34 1,417,130.63 1,607,306.40 (190,175.77) 16% exclude utilities budget & encumb. 20% of annual expenditures, excluding utility accounting 226 LIABILITY INSURANCE 5,167,774.90 34,224.00 5,133,550.90 724,300.00 4,409,250.90 177% 25% of annual expenditures - higher reserves for future claims 278 TAKE HOME VEHICLE POLICE 524,433.73 0.00 524,433.73 16,116.00 508,317.73 651% 20% of annual expenditures 711 SELF - FUNDED EMPLOYEE BENEFITS 4,595,003.01 47,719.53 4,547,283.48 3,620,865.75 926,417.73 31 % 25% of annual expenditures - higher reserves for future claims 713 UNEMPLOYMENT COMP FUND 229,744.52 0.00 229,744.52 45,594.80 184,149.72 101% Rates charged to departments reduced 20% of annual expenditures Total Internal Service Funds 12,092,212.13 240,068.67 11,652,143.26 6,014,162.95 5,637,960.31 Trust & Agency Funds 701 FIREFIGHTERS PENSION 326,819.92 0.00 326,819.92 1,468,611.25 (1,141,791.33) 6% Pension relieflune & September 25% of annual expenditures, higher due to pension relief paid later 702 POLICE PENSION 739,900.05 0.00 739,900.05 1,805,485.25 (1,065,585.20)-----1M 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 PAYROLLFUND 11.99 0.00 11.99 11.99 0.00 100% 100% cash reserves - trust &agency funds 712 PUBLIC EMPLOYEES RETIREMENT FUND 0.00 0.00 0.00 0.00 O.DO 100% 100% cash reserves - trust & agency funds 718 STATE TAX DEDUCTION FUND 268,503.39 0.00 268,503.39 268,503.39 0.00 100% 100% cash reserves - trust & agency funds 725 MORRIS / PALAIS BOX OFFICE 1,157,729.06 0.00 1,157,729.06 1,157,729.06 0.00 100% 100% cash reserves - trust &agency funds 730 CITY CEMETERY TRUST 37,009.07 12,017.00 24,992.07 4,119.00 20,873.07 121% 20% of annual expenditures Total Trust & Agency Funds 2,529,973.48 12,017.00 2,517,956.48 4,704,459.94 (2,186,503.46) Total City Funds 181,939,122.17 23,418,559.99 158,520,562.18 71,577,916.88 86,942,645.30 AP Redevelopment Commission Controlled Funds Tax Increment Financing Funds 324 TIF REVENUE - AIRPORT 28,146,492.29 1,074,976.49 27,071,515.80 6,821,673.25 20,249,842.55 99% Property taxes in June and December 25% of annual expenditures- higher due to property tax delays 420 TIF DISTRICT - SBCDA GENERAL (DOWNTOWN) 2,444,107.48 259,558.85 2,184,548.63 1,457,315.25 727,233.38 37 % Property taxes in June and December 25% of annual expenditures - higher due to property tax delays 422 TIF DISTRICT - WEST WASHINGTON 918,023.97 9,191.36 908,832.61 164,383.50 744,449.11 138% 25% of annual expenditures- higher due to property tax delays 425 TIF LEIGHTON PLAZA 146,194.79 0.00 146,194.79 29,885.00 116,309.79 98 % Property taxes in June and December 20% of annual expenditures 426 TIF CENTRAL MEDICAL SERVICE AREA 1,968,174.23 225,474.04 1,742,700.19 1,025,876.00 716,824.19 42% Property taxes in June and December 25% of annual expenditures - higher due to property tax delays 429 TIF NORTHEAST DISTRICT 3,821,584.29 5,500.00 3,816,084.29 701,529.25 3,114,555.04 136 % Property taxes in June and December 25% of annual expenditures - higher due to property tax delays 430 TIF SOUTHSIDE DEVELOPMENT AREA #1 4,363,213.28 1,175,421.22 3,187,792.06 1,621,989.25 1,565,802.81 49% Property taxes in June and December 25% of annual expenditures - higher due to property tax delays 432 TIF SSDA #3 - ERSKINE VILLAGE 6,498,038.69 0.00 1 6,498,038.69 1 123,537.75 6,374,500.94 1 1315%1 Property 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 July 31, 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 360,682.58 4,200.00 356,482.58 99,955.75 256,526.83 891/. Property taxes in June and December 25% of annual expenditures - higher due to property tax delays 436 TIF - NORTHEST RESIDENTIAL 608,694.13 0.00 608,694.13 895,807.00 (287,112.87) 17% ® Property taxes in June and December 25% of annual expenditures - higher due to property tax delays Total Tax Increment Financing Funds 49 ,275,205.73 2,754,321.96 46,520,883.77 12,941,952.00 33,578,931.77 Redevelopment Funds 433 REDEVELOPMENT ADMINISTRATION GENERAL 10,082.00 0.00 10,082.00 4,000.00 6,082.00 50% Q 20% of annual expenditures 439 CERTIFIED TECHNOLOGY PARK 3,690,070.99 0.00 3,690,070.99 720,000.00 2,970,070.99 103% 0 20% of annual expenditures 454 AIRPORT URBAN ENTERPRISE ZONE 377,135.57 0.00 377,135.57 0.00 377,135.57 100% 20% of annual expenditures 619 BLACKTHORN GOLF COURSE OPERATIONS 210,548.14 0.00 210,548.14 334,341.20 (123,793.06) 13% © Cash reserves less than target 20% of annual expenditures Total Redevelopment Funds 4,287,836.70 0.00 4,287,836.70 1,058,341.20 3,229,495.50 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% Q 100% debt service reserve per bond covenants 317 COVELESKI BOND DEBT RESERVE 504,494.43 0.00 504,494.43 504,494.43 0.00 100% 0 100% 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% 100% debt service reserve per bond covenants Total Debt Service Funds 3,279,238.43 0.00 3,279,238.43 3,279,238.43 0.00 0 Total Redevelopment Commission Funds 56,842,280.86 2,754,321.96 54,087,958.90 17,279,531.63 36,808,427.27 Q City Operations Total 238,781,403.03 26,172,881.95 212,608,521.08 88,857,448.51 123,751,072.57 Cash Reserve Report General Fund - 101 $35 p $30 60% $25 50% Actual Percent 40% $20 30% $15 20% 39% 10% $10 0% aA �� lb �! 1�1� -4—Actual Percent (Percent Requirement 25% 31- Mar -13 $5 25% 30- Apr -13 23% $- a� oA o` —*--Available Cash (Reserve 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 31- Jul -14 $ 26,473,744.03 $ 14,088,697.25 Cash Reserve Report 60% Percent 50% Actual Percent 40% 31- Dec -12 30% 25% 20% 39% 10% 28- Feb -13 0% aA �� lb �! 1�1� -4—Actual Percent (Percent Requirement Cash Reserve Report 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% 31- Jul -14 47% 25% Cash Reserve Report Parks & Recreation - 201 H $6 c 4 $5 $4 Date $3 Date Available Cash 37% Requirement $2 $ 4,763,668.60 $ $1 31- Jan -13 $ 3,563,772.38 $ 0 oPS� —*--Available Cash (Reserve Requirement Cash Reserve Report rercent 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 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 31- Jul -14 $ 3,047,667.29 $ 3,150,219.50 Cash Reserve Report rercent 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% 31- Jul -14 24% 25% Cash Reserve Report Motor Vehicle Highway - 202 a $5 c $4 rercent $4 Reserve f Available Cash $3 Requirement 31- Dec -12 $ $3 $ 1,813,299.20 31- Jan -13 $2 1,840,647.98 $ 1,813,299.20 $2 $ 1,556,523.49 $ $1 31- Mar -13 $ 1,348,215.94 $1 1,813,299.20 30- Apr -13 $ 3,844,596.47 $ —*---Available Cash (Reserve Requirement Cash Reserve Report rercent 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 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 31- Jul -14 $ 2,837,076.85 $ 2,001,775.40 Cash Reserve Report rercent 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% 31- Jul -14 28% 20% Cash Reserve Report Liability Insurance - 226 a $6 o $5 Percent $4 — Date Available Cash $3 Requirement 31- Dec -12 $ $2 $ 728,981.75 31- Jan -13 $1 5,237,429.00 $ 728,981.75 28- Feb -13 9 ^QaC S^,oPQ^, ^�a� —+--Available Cash (Reserve Requirement 250% 200% 150% 100% 50% 0% O ff; sac ��d crac PQr `1aA' ^oz' PEA ymQ 3�' �� �� �� 30' o' 30 I y, Ip 3r tActual Percent (Percent Requirement 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 31- Jul -14 $ 5,133,550.90 $ 724,300.00 250% 200% 150% 100% 50% 0% O ff; sac ��d crac PQr `1aA' ^oz' PEA ymQ 3�' �� �� �� 30' o' 30 I y, Ip 3r tActual Percent (Percent Requirement Cash Reserve Report 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% 31- Jul -14 177% 25% Cash Reserve Report Loss Recovery Fund - 227 $9 c $8 $7 $6 Date Reserve Date $5 822% Requirement 31- Dec -12 $4 4,323,375.44 $ 105,237.00 $3 $ 4,325,602.08 $ $2 28- Feb -13 $ 4,327,476.71 $1 105,237.00 §,(y��m � �� J9 ^PJ ^, o�mQ�nio�oX^,�O0� �`�oPQ^',`�a�� —$---Available Cash tReserve Requirement Cash Reserve Report 1600% 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 31- Jul -14 $ 6,517,717.27 $ 1,323,161.00 Cash Reserve Report 1600% Date Actual Percent 1400% 31- Dec -12 822% 1200% 31- Jan -13 822% 1000% 28- Feb -13 822% 800% 31- Mar -13 823% 600% 400% 30- Apr -13 818% 20% 31- May -13 807% 200% 0% O0G lac Qe� cCa' PQ�f cCaA' °c ^�V QOA 6eQ Y' ," G �u>ac Qe� cCat' PQr c�a� a °c ^�; +Actual Percent (Percent Requirement Cash Reserve Report 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% 31- Jul -14 99% 20% Cash Reserve Report Public Safety LOIT - 249 a $4 o $3 $3 $2 $2 $1 $1 $- ^ti Nb ^3 N, ^b Nb ^�) �� �b �� 't. O�G lac fed c 2§ PQr `1a� �JC ^�w PJA Q O�� ?os O�G lac �md —+--Available Cash (Reserve Requirement 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% o pQ ^A�o� ^O�u ^ ;ac00 o ac —+--Actual Percent (Percent Requirement 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 31- Jul -14 $ 1,028,769.93 $ 1,442,931.60 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% o pQ ^A�o� ^O�u ^ ;ac00 o ac —+--Actual Percent (Percent Requirement 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% 31- Jul -14 14% 20% Cash Reserve Report 10 COIT - 404 Keserve Date Available Cash 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 31- Jul -14 $ 13,784,177.94 $ 5,582,892.50 Cash Reserve Report 8/15/2014 200% Percent 160% Actual Percent 120% 31- Dec -12 80% 50% 40% 152% 0% L ^°b Nt. "� ^"� ^'� Nb N� Nb ^b ^� ^3 ^'� ^b ^b ^b ^A ^b ^b ^b Off+ sac °d lac PQ� `1a� S§ ^�J\ P�0 yeQ O °ti c� °� Om° Sao Qed cCa� PQc `Ian ��c ^�o „�.' ��. �0 ,��• ry0 �,: 30 ^� n�'� n�0 ry'� n�0 .y'� n�� �0 ,��• g0 ,�: n�0 '� —0—Actual Percent (Percent Requirement Cash Reserve Report 8/15/2014 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% 31- Jul -14 123% 50% Cash Reserve Report 8/15/2014 MIT _ dnR Keserve Date Available Cash 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 31- Jul -14 $ 8,958,071.99 $ 5,144,992.00 120% Percent 100% Actual Percent 80% 31- Dec -12 60% 50% 31- Jan -13 40% 20% 50% 28- Feb -13 103% 0% o or o oA se � oc —$--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% 31- Jul -14 87% 50% Cash Reserve Report 12 Self- funded Employee Benefits - 711 Reserve Date Available Cash 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 31- Jul -14 $ 4,547,283.48 $ 3,620,865.75 w $8 o $7 Percent Date Actual Percent $6 $5 31- Dec -12 56% 25% $4 55% $3 28- Feb -13 $2 25% $1 54% ea ac 0d ae Qc A a �� � Q s U �) � ^� 5 °� y° � ^OL K Oho � ^pe � ^)ary��m —$--Available Cash (Reserve Requirement Reserve Date Available Cash 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 31- Jul -14 $ 4,547,283.48 $ 3,620,865.75 Cash Reserve Report 13 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% 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% 31- Jul -14 31% 25% Cash Reserve Report 13