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If expenditures were spent evenly throughout the year the City should have spent 25% of its <br />budget, however the City has only spent 16.86% of it's 2019 budget so far. There is no activity <br />over 25% spent of their budgets after the 1 St quarter, .but with the weather during. the. first. <br />quarter, the public works budget by Year-end may be over spent.depending on November and <br />December need for plowing and sanding. The City has already spent 60.18% of its sanding <br />budget and 58.48% of the snow plow budget. <br />The. good news is that the general government and public safety are under their budgets <br />through the first quarter as shown in the chart below. However the hiring of the two interns to <br />scan City records for the summer was hot included in the 2019 budget and wilI push the general <br />government activity near or past its 2019 budget. Also as the summer months progress street <br />maintenance expenditures will replace snow rernoval, which is generally less costly. <br />Expenditures by Department <br />,Soxx)o cat; <br />7U,0oa..rXi <br />va 2oi g Btrtif et <br />2C]].8 FEr�tii��[ <br />2�1nl3«z}�vE <br />;+ �.].19A(tvii <br />Overall the General Fund appears to be in good shape through the first.quarter of the year; If <br />revenues and expenditures follow previous year collections and expenditure patters revenues <br />should finish the year near budget amounts while expenditures. may finish above budgeted <br />amounts. Staff will. monitor revenues and expenditures through the summer months to. see if <br />revenues will still exceed expenditures by year-end or if the City will: need to use some of their <br />reserves to pay 2019 expenditures.. <br />SPECIAL REVENUE FUNDS <br />The City's only Special Revenue Fund is the Parks and Playgrounds Fund, which has had no <br />revenue activity through.the first quarter and spent $5,010.04 on designing and constructing a <br />sidewalk/trail along County Road E. <br />DEBT SERVICE FUNDS <br />On February 151 the City paid its 2019 debt obligations of $65,000.00 in principal and $21.,370.98 <br />of interest, The City now has $1,250,000.00 in outstanding debt. The next scheduled debt <br />payment is the interest only payment.of $1.8,562.50.due August 15r. Funding comes from <br />