2016 04-16 CC PACKET - Laserfiche WebLink

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If expenditures were spent evenly throughout the year the .City should have spent 25% of its budget, which is the budget amounts in.the previous charts. The only activity over 25% spent of their budgets after the 151 quarter is public works, which is due to the cost of sanding roads to start the year. The good news is that the general government and public safety are:under their.budgets through the first quarter as.shown in the chart below. As the summer months progress street maintenance expenditures will replace snow removal, which is generally less costly. 45,000.00. 4 a, 000.0[3 .3s;oao.oa Expenditures by Department General Government arc Public 5a€ety Public Works * 2-MS Budg¢i. * 2015 Actual. a 201.6 BudgM M 2Q16 Actual Overall the General Fund appears to be in. good shape through the first quarter of the year. if revenues and expenditures follow previous year collections and expenditure patters revenues should finish the year near budget amounts while expenditures finish below budgeted amounts.. SPECIAL REVENUE FUNDS The City's only Special Revenue Fund is the Parks and Playgrounds Fund; which has had no activity through the first quarter. DEBT SERVICE FUNDS On February 1st the City paid its 2016 debt obligations of $16,000.00 in principal and $16;027.50 of interest. The City crow has $776,000.00 in outstandingdebt. The next scheduled debt payment is the interest only payment of $8,440.00 due August 'Est: Funding comes from property taxes, which the City will receive with the first half 2016 property tax settlement in duly, which is why there is no revenue activity for the year.