The financial audit of the City of Bangor for fiscal year 2014 received an unmodified opinion. The City reported no material weaknesses in internal controls. The presentation provides an overview of the City's general fund assets, liabilities, fund balance, revenues and expenditures for fiscal years 2012-2014. It also summarizes the financial results of the City's nonmajor and major enterprise funds over this period.
At a town hall meeting, the Finance Director and Finance Committee Chair presented Macedonia's financial information. They discussed that the city's major revenue sources are income tax and property tax. The general fund and debt payments were also overviewed. It was noted that personnel costs make up over half of general fund expenses and that safety forces receive over 50% of the budget. Projections showed a potential general fund deficit due to reduced revenues that would decrease reserves.
The document provides details on the FY 2017 budget kickoff meeting, including the city council budget schedule, administrative budget preparation process, and highlights of the long range financial forecast. Key points include capital funds being virtually exhausted, no increases planned for water and sewer rates, and the operating budget for Island Transit facing challenges that may require funding from the Convention Center Surplus Fund.
This document analyzes government revenue and expenditure figures from 2010-2011 to 2012-2013. It shows that total revenue receipts increased from 2010-2011 to 2012-2013 but revenue expenditure also increased, leading to a higher revenue deficit. The fiscal deficit and primary deficit also increased over this period.
Three projects were monitored for compliance by Research Valley Partnership (RVP) in 2015. FUJIFILM Diosynth Biotechnologies Texas met its payroll and employment targets at both its National Center for Therapeutics Manufacturing and Biocorridor locations. Reynolds & Reynolds exceeded both its investment and payroll requirements.
The proposed 2008-09 budget for Groton Central School District aims to balance educational needs with taxpayer affordability. The budget priorities include fiscal stability, strategic planning, improved student performance, and maintaining facilities. The proposed $16.6 million budget represents a 9.11% increase over last year, with higher costs for transportation, special education, personnel, and debt service. The proposed tax levy is $4.45 million, a 4.88% increase. Voters will consider the budget proposal and propositions for bus purchases and a capital reserve fund at the May 20th vote.
This document summarizes the key financial results of Itaú Unibanco Holding S.A. for the second quarter of 2011:
- Net income was R$3.6 billion, up 2.1% from the previous quarter. Recurring net income was R$3.3 billion, down 8.8% from the prior quarter.
- The loan portfolio totaled R$360.1 billion, up 4.4% from the previous quarter and 22.3% from a year ago.
- Non-interest expenses increased 3.7% compared to the previous quarter to R$8.0 billion, confirming a trend of deceleration.
The Templeton Board of Selectmen is concerned about the town's budget, debt, lack of bond rating, and audit issues. Specifically:
1) The FY17 budget needs careful review as line items may be underfunded and debt/bond schedules could impact the nonexistent bond rating.
2) Templeton has no bond rating, borrowing short-term at higher rates, and will struggle to finance planned projects like a new school.
3) The town has deficits, low reserves, and the delayed audit prevents restoring the bond rating and accessing funds.
This document provides compliance reports for 8 projects in Brazos County, City of Bryan, and City of College Station that received economic development incentives in 2016. It summarizes the required and actual performance metrics for payroll, investment values, and employment for each project. It finds that Axis Pipe & Tube, FUJIFILM Diosynth Biotechnologies, and Nutrabolt exceeded their contract benchmarks for 2016. The other projects were also in compliance or on track to meet future obligations.
At a town hall meeting, the Finance Director and Finance Committee Chair presented Macedonia's financial information. They discussed that the city's major revenue sources are income tax and property tax. The general fund and debt payments were also overviewed. It was noted that personnel costs make up over half of general fund expenses and that safety forces receive over 50% of the budget. Projections showed a potential general fund deficit due to reduced revenues that would decrease reserves.
The document provides details on the FY 2017 budget kickoff meeting, including the city council budget schedule, administrative budget preparation process, and highlights of the long range financial forecast. Key points include capital funds being virtually exhausted, no increases planned for water and sewer rates, and the operating budget for Island Transit facing challenges that may require funding from the Convention Center Surplus Fund.
This document analyzes government revenue and expenditure figures from 2010-2011 to 2012-2013. It shows that total revenue receipts increased from 2010-2011 to 2012-2013 but revenue expenditure also increased, leading to a higher revenue deficit. The fiscal deficit and primary deficit also increased over this period.
Three projects were monitored for compliance by Research Valley Partnership (RVP) in 2015. FUJIFILM Diosynth Biotechnologies Texas met its payroll and employment targets at both its National Center for Therapeutics Manufacturing and Biocorridor locations. Reynolds & Reynolds exceeded both its investment and payroll requirements.
The proposed 2008-09 budget for Groton Central School District aims to balance educational needs with taxpayer affordability. The budget priorities include fiscal stability, strategic planning, improved student performance, and maintaining facilities. The proposed $16.6 million budget represents a 9.11% increase over last year, with higher costs for transportation, special education, personnel, and debt service. The proposed tax levy is $4.45 million, a 4.88% increase. Voters will consider the budget proposal and propositions for bus purchases and a capital reserve fund at the May 20th vote.
This document summarizes the key financial results of Itaú Unibanco Holding S.A. for the second quarter of 2011:
- Net income was R$3.6 billion, up 2.1% from the previous quarter. Recurring net income was R$3.3 billion, down 8.8% from the prior quarter.
- The loan portfolio totaled R$360.1 billion, up 4.4% from the previous quarter and 22.3% from a year ago.
- Non-interest expenses increased 3.7% compared to the previous quarter to R$8.0 billion, confirming a trend of deceleration.
The Templeton Board of Selectmen is concerned about the town's budget, debt, lack of bond rating, and audit issues. Specifically:
1) The FY17 budget needs careful review as line items may be underfunded and debt/bond schedules could impact the nonexistent bond rating.
2) Templeton has no bond rating, borrowing short-term at higher rates, and will struggle to finance planned projects like a new school.
3) The town has deficits, low reserves, and the delayed audit prevents restoring the bond rating and accessing funds.
This document provides compliance reports for 8 projects in Brazos County, City of Bryan, and City of College Station that received economic development incentives in 2016. It summarizes the required and actual performance metrics for payroll, investment values, and employment for each project. It finds that Axis Pipe & Tube, FUJIFILM Diosynth Biotechnologies, and Nutrabolt exceeded their contract benchmarks for 2016. The other projects were also in compliance or on track to meet future obligations.
The document summarizes the results of a performance audit of the Bryan/College Station Convention & Visitors Bureau (CVB). The audit reviewed the CVB's accounting procedures, direct economic impact, expenditures, and management/governance. It found that 85% of transactions reviewed were sufficient but some lacked oversight, documentation, or verifiable business purpose. It provided recommendations to improve the CVB's strategic direction, board engagement, and use of impact estimation tools. However, the CVB only concurred with some recommendations and not others like improving liquidity or implementing job costing.
The document provides a history and financial update of the Keller Tax Increment Reinvestment Zone No. 1 (TIRZ) in Keller, Texas. It discusses the establishment of the TIRZ in 1998 and amendments made to the capital improvement plan, increasing it to $32.95 million. It also summarizes the TIRZ's debt issuances from 1999-2010 to fund capital projects and refund bonds at lower interest rates. Additionally, it reviews the TIRZ's incremental property value captures, revenues received, debt payments made, and ending fund balances from 1999-2012.
Community living supports in the state of michiganJColaianne
This document contains benchmark data on community living supports (CLS) spending and utilization within the state of Michigan from 2006 to 2013. It shows that statewide annual CLS spending increased from $228 million to $432 million during this period. The four regions of Lenawee, Livingston, Monroe, and Washtenaw had higher average CLS costs per case, units per case, and percentage of total service costs attributed to CLS compared to statewide averages. Projections show CLS costs for these regions continuing to rise through 2017 without a rate increase.
The document summarizes the financial challenges facing the city of Cedar Falls and the actions under consideration by the budget taskforce. It notes that personnel costs make up 63% of the general fund budget and that maintaining a 2% annual salary increase would require $49 million in new growth annually. Projections show the city running out of funding tools to balance the budget within 5 years without service cuts or tax increases. The taskforce is charged with increasing productivity, consolidating services, and making interim staffing and service recommendations prior to completing its long-term financial plan in 2015.
Government of the District of Columbia
Planned Operating Spending Compared to Actual Spending, By Agency within Council Committee
For Third Quarter Ended June 30, 2014
PINE reported positive results in the second quarter of 2013, with contributions from all business lines. The loan portfolio grew to R$9 billion while maintaining diversification and quality. Net interest margin was within guidance despite pressure from declining interest rates. Expenses were well managed, leading to an efficiency ratio of 38.1%. FICC maintained its leading position in commodity derivatives while PINE Investimentos consolidated its franchise in capital markets activities. Funding remained diversified across sources as asset and liability management preserved a positive credit-to-funding gap. The capital adequacy ratio reached 17%.
The document provides an overview of the City of Fort Lauderdale's finances for fiscal year 2015:
- Revenues totaled $314 million, an increase of $24.7 million from 2014, mainly due to an appeal payment and increased property taxes. Expenditures totaled $256 million, an increase of $7.1 million.
- Net position was $811.7 million. Total debt decreased by $35.6 million to $766.8 million. Property tax revenues increased by $5.7 million due to higher property values.
- The general fund revenue sources included taxes, licenses/permits, charges for services and intergovernmental revenues. Expenditures were allocated to general government
The document presents an overview of economic trends in the United States, North Carolina, and the Rocky Mount metropolitan statistical area from 2000 to 2015. It analyzes key indicators such as GDP, employment levels, labor force participation, and industry growth at the national, state, and local levels. The presentation concludes by discussing current economic challenges and outlooks for business activity, consumer sentiment, and the impact of technological disruption on future work.
The document summarizes the Community Development Division's proposed fiscal year 2017 action plan and budget for community services in two US cities. It will allocate $983,111 in CDBG funds and $372,432 in HOME funds towards affordable housing, public facilities, economic development, and public services like healthcare and childcare. The budget is part of the cities' 5-year consolidated plan to address housing, homelessness, and economic needs. It was developed through public hearings and meetings, and requires city council and HUD approval.
The document analyzes the fiscal impact of two proposed gaming facilities in Kansas. For Global Gaming in Wellington, it estimates annual revenues of $200 million for the state and surpluses for other entities. For Peninsula Gaming in Mulvane, it estimates annual revenues of $289 million for the state and surpluses for other entities except the city of Mulvane which would have a deficit. The analysis also compares the applicants' estimates to the consultant's estimates.
The document summarizes tourism's economic significance to Sullivan County, Tennessee. It finds that tourism spending in Sullivan County has grown steadily between 2002-2007, generating $270 million in 2007. On an average day, tourism spending in Sullivan County results in $740,360 in direct spending, supporting nearly 3,000 jobs and generating over $217,000 in daily payroll. Tourism is a major industry in Sullivan County, accounting for 9.6% of all employment.
The document discusses two proposed casino projects in Kansas - Kansas Star and WinSpirit. Kansas Star promises to invest $260 million, build amenities sooner including a 100,000 square foot event center and $25 million equestrian complex, and generate more gaming revenue, taxes, and jobs for the state. It argues Kansas Star's management team has more experience building and operating successful casino projects on time and on budget and will spend more on advertising to drive higher revenue. The document positions Kansas Star as the best and most lucrative choice for Kansas.
CIV214702 Sulphur Mountain/Gaggero v Redmonds Relevant Case Record 3jamesmaredmond
This bank statement summarizes the transactions for Somerset Farms' business checking account from September 1, 2022 through September 30, 2022. There were $15,014 in deposits and $13,810 in withdrawals, leaving a new balance of $1,475.55. The largest withdrawals were an $8,500 withdrawal on 9/6 and a $3,200 withdrawal on 9/19. The account incurred $11.50 in fees for official checks and returned items.
The document discusses the changing mail and shipping landscape and forecasts for the US Postal Service (USPS). It notes that while USPS has been operating at a loss due to pre-funding retiree health benefits, it has actually been profitable when excluding this mandate. The summary also notes that rural delivery points are growing quickly, with over 800,000 new delivery points added annually on average. Finally, it concludes that USPS will need to take action such as monetizing mailbox access, adjusting delivery frequency, allowing workers to join Medicare, and offering new services to adapt to changes in mail volume and revenue.
The Pennsylvania state budget for 2017-18 authorized $2 billion more in spending than estimated revenues, leaving a budget gap. Negotiations to raise recurring revenues broke down without a deal. The spending plan allows spending until funds run out next spring, at which point cuts may be required without new revenues. Total education spending increased by $442 million (3.4%), with increases for basic education, special education, and early childhood programs, while career and technical education funding remained flat for the eighth straight year.
The document argues that the Kansas Star casino contract would maximize revenue for Kansas based on analyses showing it would generate significantly more gaming revenue, tax revenue, and economic benefits than the competing WinSpirit proposal. It asserts Kansas Star would produce over $70 million more in gaming revenue annually by 2016 and nearly 50% more total tax revenue over seven years. Additionally, the document claims Kansas Star would better promote tourism in Kansas by investing more in amenities like a larger hotel and convention center and attracting more out-of-town visitors.
This document summarizes an economic impact presentation given to the Kansas Racing and Gaming Commission Facilities Review Board on December 1, 2010 in Topeka, Kansas. It discusses the economic impacts of proposed gaming facilities in Sumner County, Kansas from two applicants - Global Gaming and Peninsula Gaming. The presentation covers the scope of work, economic impact approach and models, revenue forecasts, construction impacts, and operating impacts for both proposed facilities through 2016 under different development scenarios. It also discusses adjustments made to gaming revenue estimates and how new gaming spending by Kansans may impact other local businesses. Unique non-gaming amenities like Global's proposed road race course and Peninsula's equestrian center are also mentioned.
The document is the proposed budget for fiscal year 2018/19 for the City of Orlando, Florida. It includes operating and capital improvement budgets totaling over $1.27 billion across various city funds. The general fund budget is proposed at $488.4 million, an increase of $43 million or 9.65% from the prior year. The general fund revenue comes primarily from ad valorem taxes (40.58%), charges for services (10.09%), and sales and use taxes (11.65%). The largest expenses in the general fund are for salaries and wages (34.43%), benefits (30.98%), and the police department (32.46%).
The document provides an overview of the proposed FY19 budget for Bryan-College Station. It summarizes expenditures from various special revenue funds including Hotel Tax, Community Development, Roadway Maintenance, Impact Fees, Cemetery funds, TIF/TIRZ funds, and Court/Police funds. It also summarizes the financial forecasts and capital project plans for the Electric and Water Enterprise funds, including proposed Service Level Adjustments.
This document summarizes a legal recruitment company that places lawyers in private practice and corporate legal roles. The company has extensive experience recruiting associates specializing in various areas of law. It uses executive search, networking, advertising and a candidate database to find positions. The company guarantees free replacement of candidates within the first six months and takes a hands-off approach with clients. It has placed candidates with major law firms and corporations. Contact information is provided for two representatives.
The document summarizes the results of a performance audit of the Bryan/College Station Convention & Visitors Bureau (CVB). The audit reviewed the CVB's accounting procedures, direct economic impact, expenditures, and management/governance. It found that 85% of transactions reviewed were sufficient but some lacked oversight, documentation, or verifiable business purpose. It provided recommendations to improve the CVB's strategic direction, board engagement, and use of impact estimation tools. However, the CVB only concurred with some recommendations and not others like improving liquidity or implementing job costing.
The document provides a history and financial update of the Keller Tax Increment Reinvestment Zone No. 1 (TIRZ) in Keller, Texas. It discusses the establishment of the TIRZ in 1998 and amendments made to the capital improvement plan, increasing it to $32.95 million. It also summarizes the TIRZ's debt issuances from 1999-2010 to fund capital projects and refund bonds at lower interest rates. Additionally, it reviews the TIRZ's incremental property value captures, revenues received, debt payments made, and ending fund balances from 1999-2012.
Community living supports in the state of michiganJColaianne
This document contains benchmark data on community living supports (CLS) spending and utilization within the state of Michigan from 2006 to 2013. It shows that statewide annual CLS spending increased from $228 million to $432 million during this period. The four regions of Lenawee, Livingston, Monroe, and Washtenaw had higher average CLS costs per case, units per case, and percentage of total service costs attributed to CLS compared to statewide averages. Projections show CLS costs for these regions continuing to rise through 2017 without a rate increase.
The document summarizes the financial challenges facing the city of Cedar Falls and the actions under consideration by the budget taskforce. It notes that personnel costs make up 63% of the general fund budget and that maintaining a 2% annual salary increase would require $49 million in new growth annually. Projections show the city running out of funding tools to balance the budget within 5 years without service cuts or tax increases. The taskforce is charged with increasing productivity, consolidating services, and making interim staffing and service recommendations prior to completing its long-term financial plan in 2015.
Government of the District of Columbia
Planned Operating Spending Compared to Actual Spending, By Agency within Council Committee
For Third Quarter Ended June 30, 2014
PINE reported positive results in the second quarter of 2013, with contributions from all business lines. The loan portfolio grew to R$9 billion while maintaining diversification and quality. Net interest margin was within guidance despite pressure from declining interest rates. Expenses were well managed, leading to an efficiency ratio of 38.1%. FICC maintained its leading position in commodity derivatives while PINE Investimentos consolidated its franchise in capital markets activities. Funding remained diversified across sources as asset and liability management preserved a positive credit-to-funding gap. The capital adequacy ratio reached 17%.
The document provides an overview of the City of Fort Lauderdale's finances for fiscal year 2015:
- Revenues totaled $314 million, an increase of $24.7 million from 2014, mainly due to an appeal payment and increased property taxes. Expenditures totaled $256 million, an increase of $7.1 million.
- Net position was $811.7 million. Total debt decreased by $35.6 million to $766.8 million. Property tax revenues increased by $5.7 million due to higher property values.
- The general fund revenue sources included taxes, licenses/permits, charges for services and intergovernmental revenues. Expenditures were allocated to general government
The document presents an overview of economic trends in the United States, North Carolina, and the Rocky Mount metropolitan statistical area from 2000 to 2015. It analyzes key indicators such as GDP, employment levels, labor force participation, and industry growth at the national, state, and local levels. The presentation concludes by discussing current economic challenges and outlooks for business activity, consumer sentiment, and the impact of technological disruption on future work.
The document summarizes the Community Development Division's proposed fiscal year 2017 action plan and budget for community services in two US cities. It will allocate $983,111 in CDBG funds and $372,432 in HOME funds towards affordable housing, public facilities, economic development, and public services like healthcare and childcare. The budget is part of the cities' 5-year consolidated plan to address housing, homelessness, and economic needs. It was developed through public hearings and meetings, and requires city council and HUD approval.
The document analyzes the fiscal impact of two proposed gaming facilities in Kansas. For Global Gaming in Wellington, it estimates annual revenues of $200 million for the state and surpluses for other entities. For Peninsula Gaming in Mulvane, it estimates annual revenues of $289 million for the state and surpluses for other entities except the city of Mulvane which would have a deficit. The analysis also compares the applicants' estimates to the consultant's estimates.
The document summarizes tourism's economic significance to Sullivan County, Tennessee. It finds that tourism spending in Sullivan County has grown steadily between 2002-2007, generating $270 million in 2007. On an average day, tourism spending in Sullivan County results in $740,360 in direct spending, supporting nearly 3,000 jobs and generating over $217,000 in daily payroll. Tourism is a major industry in Sullivan County, accounting for 9.6% of all employment.
The document discusses two proposed casino projects in Kansas - Kansas Star and WinSpirit. Kansas Star promises to invest $260 million, build amenities sooner including a 100,000 square foot event center and $25 million equestrian complex, and generate more gaming revenue, taxes, and jobs for the state. It argues Kansas Star's management team has more experience building and operating successful casino projects on time and on budget and will spend more on advertising to drive higher revenue. The document positions Kansas Star as the best and most lucrative choice for Kansas.
CIV214702 Sulphur Mountain/Gaggero v Redmonds Relevant Case Record 3jamesmaredmond
This bank statement summarizes the transactions for Somerset Farms' business checking account from September 1, 2022 through September 30, 2022. There were $15,014 in deposits and $13,810 in withdrawals, leaving a new balance of $1,475.55. The largest withdrawals were an $8,500 withdrawal on 9/6 and a $3,200 withdrawal on 9/19. The account incurred $11.50 in fees for official checks and returned items.
The document discusses the changing mail and shipping landscape and forecasts for the US Postal Service (USPS). It notes that while USPS has been operating at a loss due to pre-funding retiree health benefits, it has actually been profitable when excluding this mandate. The summary also notes that rural delivery points are growing quickly, with over 800,000 new delivery points added annually on average. Finally, it concludes that USPS will need to take action such as monetizing mailbox access, adjusting delivery frequency, allowing workers to join Medicare, and offering new services to adapt to changes in mail volume and revenue.
The Pennsylvania state budget for 2017-18 authorized $2 billion more in spending than estimated revenues, leaving a budget gap. Negotiations to raise recurring revenues broke down without a deal. The spending plan allows spending until funds run out next spring, at which point cuts may be required without new revenues. Total education spending increased by $442 million (3.4%), with increases for basic education, special education, and early childhood programs, while career and technical education funding remained flat for the eighth straight year.
The document argues that the Kansas Star casino contract would maximize revenue for Kansas based on analyses showing it would generate significantly more gaming revenue, tax revenue, and economic benefits than the competing WinSpirit proposal. It asserts Kansas Star would produce over $70 million more in gaming revenue annually by 2016 and nearly 50% more total tax revenue over seven years. Additionally, the document claims Kansas Star would better promote tourism in Kansas by investing more in amenities like a larger hotel and convention center and attracting more out-of-town visitors.
This document summarizes an economic impact presentation given to the Kansas Racing and Gaming Commission Facilities Review Board on December 1, 2010 in Topeka, Kansas. It discusses the economic impacts of proposed gaming facilities in Sumner County, Kansas from two applicants - Global Gaming and Peninsula Gaming. The presentation covers the scope of work, economic impact approach and models, revenue forecasts, construction impacts, and operating impacts for both proposed facilities through 2016 under different development scenarios. It also discusses adjustments made to gaming revenue estimates and how new gaming spending by Kansans may impact other local businesses. Unique non-gaming amenities like Global's proposed road race course and Peninsula's equestrian center are also mentioned.
The document is the proposed budget for fiscal year 2018/19 for the City of Orlando, Florida. It includes operating and capital improvement budgets totaling over $1.27 billion across various city funds. The general fund budget is proposed at $488.4 million, an increase of $43 million or 9.65% from the prior year. The general fund revenue comes primarily from ad valorem taxes (40.58%), charges for services (10.09%), and sales and use taxes (11.65%). The largest expenses in the general fund are for salaries and wages (34.43%), benefits (30.98%), and the police department (32.46%).
The document provides an overview of the proposed FY19 budget for Bryan-College Station. It summarizes expenditures from various special revenue funds including Hotel Tax, Community Development, Roadway Maintenance, Impact Fees, Cemetery funds, TIF/TIRZ funds, and Court/Police funds. It also summarizes the financial forecasts and capital project plans for the Electric and Water Enterprise funds, including proposed Service Level Adjustments.
This document summarizes a legal recruitment company that places lawyers in private practice and corporate legal roles. The company has extensive experience recruiting associates specializing in various areas of law. It uses executive search, networking, advertising and a candidate database to find positions. The company guarantees free replacement of candidates within the first six months and takes a hands-off approach with clients. It has placed candidates with major law firms and corporations. Contact information is provided for two representatives.
This document outlines a sampling strategy proposal for Ultra Energy drinks. It recommends several promotional activities to recruit new consumers and gain market share, including hosting sampling events, partnering with fitness centers, and running contests. An adventure weekend is proposed to directly interact with focus groups. Locations for pop-up sampling stations in major cities are also suggested. Costs, impact, and timing of each initiative are evaluated to select the most effective options to implement between June and August. The overall goal is to boost sales and brand awareness through creative and engaging sampling promotions.
San Antonio is home to the headquarters of several Fortune 500 companies, such as Valero, USAA, Clear Channel Communications, CPS Energy, H-E-B, Frost Bank, Tesoro and SWBC. The Texas International Business Accelerator (TIBA) was created in 2011 to promote growth and economic development in Texas by assisting foreign small and medium-sized companies establish businesses in the state. Since its inception, TIBA has been responsible for over 1,800 new direct jobs created and over $136 million in foreign investment to Texas. The guide provides an overview of the key industries and metropolitan areas in Texas, as well as steps for establishing a business in the state and information on visas.
To what extent does Victorian literature challenge this construction of the d...Sophie Peek
This document analyzes how Victorian literature challenges constructions of the domestic sphere through an examination of the novels Lady Audley's Secret and She. Both novels feature powerful female protagonists, Lucy Audley and Ayesha, who subvert traditional gender roles and threaten the patriarchal social order. However, the novels ultimately reinscribe women within the domestic sphere through the protagonists' deaths or confinement. While the novels highlight anxieties about women's changing roles, they reinforce that women cannot wholly exist outside the home without being seen as "improper." The document examines themes of concealed pasts, desires, and the portrayal of women's power as a form of madness to understand how the novels both challenge and affirm Victorian gender ideology
Este documento ofrece una lista de contenido musical y cinematográfico que incluye canciones de artistas populares de décadas pasadas y recientes como Michael Jackson, Beyoncé, Bruno Mars y Rihanna, así como música de rock y películas tanto actuales como clásicas y estrenos recientes.
PBL History 10B Diego Orta, Ricardo Perez, Sebastian RiveraDorta02
Mass production during the Industrial Revolution influenced the economy by allowing goods to be produced more cheaply at higher volumes, making them more accessible to more people and helping to increase standards of living. It created new jobs, providing an economic boost. However, it also led to increased pollution and environmental damage over time as factories abused natural resources and waste increased. Mass production contributed to high pollution levels in cities like Mexico City and Beijing today.
The proposed FY 2017-2018 budget for the City of College Station outlines key factors influencing the budget such as promoting citizen involvement and economic growth. The budget proposes increases to address growth in public safety, maintenance needs, and capital projects. Major decision points include compensation increases, proposed tax and utility rate increases, and a capital budget totaling $120.9 million for infrastructure and facilities.
This document summarizes a strategic plan discussion about capital funding and debt policy for the City of Evanston. It provides background on the city's current financial policies, debt levels, and debt comparisons with other municipalities. It then outlines a proposed basic capital funding strategy of gradually shifting infrastructure funding to "pay as you go" through current revenues while continuing to use long-term debt for facility projects. Charts show projections of debt service costs under different funding scenarios. Next steps discussed include updating facilities and infrastructure assessments to reconcile needs with available funding and engage the public before finalizing new policies.
- The quarterly financial report summarizes the city's revenues and expenditures for the first quarter of FY 2016-2017 as of December 30, 2016. Overall revenues and expenditures for the general fund and utility fund were within budget for the quarter.
- Property tax collections were at 58% of the annual budget for the general fund portion. Revenues for the general fund were at 43% of budget while expenditures were at 22% of budget for the quarter.
- Revenues for the utility fund, which includes water and sewer, were at 24% of budget while expenditures for the utility fund were at 17% of budget for the quarter. The city's financial position remains positive at the end of the first quarter.
The City of Prineville's proposed FY 2017 budget totals $45 million. It includes $6.35 million for the general fund and $11.56 million for capital improvements. The budget maintains the city's A+ credit rating and meets reserve requirements for 11 of its 13 funds. Key highlights include continued investment in infrastructure and community programs while staying fiscally responsible.
This document provides an overview of Nelnet's mission, vision, values, corporate objectives, and business segments. The company's mission is to create opportunities for people through education services. Its vision is to empower customers to achieve their dreams. The corporate objectives include enhancing customer experiences, growing the core business, diversifying products/services, and exceeding financial targets. The main business segments are Nelnet Diversified Solutions (NDS), Nelnet Business Solutions (NBS), ALLO Communications (ALLO), and Asset Generation and Management (AGM). NDS provides student loan origination/servicing, NBS offers education payment plans/software, ALLO provides fiber optic internet/TV services, and AGM manages loan assets
The document provides an overview of Evanston, Illinois' proposed fiscal year 2014 budget. It summarizes the fiscal year 2013 budget status, including a projected $1.9 million surplus. It then outlines the key aspects of the proposed FY2014 budget, including total revenues and expenditures of $252 million. The general fund is proposed as balanced with $87 million in revenues and $87 million in expenditures. The document discusses adjustments to balance the general fund and outlines capital improvement projects that will be funded through $8.3 million in general obligation debt issuance.
The document discusses a proposed substitute levy for the Fostoria City School District. It provides estimates of increased funding amounts for FY2014 and FY2015 under Governor Kasich's proposal. It notes that passage of the substitute levy in May 2013 is important for the district's fiscal responsibility, as it would allow the general fund balance to remain positive. The document also defines what a substitute levy is, provides examples of tax costs for homeowners, and lists what types of programs and resources the levy funds would support.
2 Citizen Guide TABLE OF CONTENTSPWC Proposed FY 2.docxfelicidaddinwoodie
2 Citizen Guide
TABLE OF CONTENTS
PWC Proposed FY 2015 Budget ........................... 3
Strategic Plan ......................................................... 4
Your Tax Dollars At Work ..................................... 5
What Is the County Budget? ................................. 6
General Fund Revenue & Resource Summary...... 7
Where Does the Money Come From? ................... 8
Where Does the Money Go? ................................. 9
Major Budget Changes/Initiatives ...................... 10
How Do PWC Schools Fit In? ............................. 11
Budget Process .................................................... 12
How We Budget In PWC ..................................... 13
PWC Capital Improvement Program (CIP) ....... 14
Get Involved ........................................................ 15
Citizen Guide 3
PWC PROPOSED FY 2015 BUDGET
A Message from the
County Executive
On behalf of Prince William
County staff, I am pleased to
deliver the Prince William County
Executive’s Proposed FY 2015
Budget and the accompanying
2015 – 2019 Five Year Plan. The
Proposed Budget follows the policy
guidance provided by the Board
of County Supervisors (BOCS)
to prepare a balanced budget that
allows for no more than a 2.5%
increase in the average residential
tax bill. The Proposed Budget is
balanced at a tax rate of $1.126
per $100 of value and generates
an average residential tax bill of
$3,499, an $85 increase over the
updated FY 14 average of $3,414.
Through the County’s Strategic
Plan the community has identified
the initiatives they believe will take
us toward our vision and these
choices directed the development
of the Proposed Budget and 2015-
2019 Five Year Plan, within the
overall guidance provided by the
BOCS. The upcoming public
hearings provide the community
with yet another opportunity to
make their voices heard, and the
Our Community
FY 15 Population: 430,959 (includes towns)
Area: 348 Square Miles
Labor force: 230,529 (November 2013)
At-place employment: 117,965 (2nd Qtr. 2013)
Unemployment rate: 4.4% (November 2013)
Households married w. children 2012: 32.4%
Median Household Income 2012: $93,744 (ranked 12th in U.S.)
One-way average commute, 2012: 39.6 minutes (up from 36.9 in 2000)
Adults with college degree, 2012: 44.9%
Average assessed house value,
2013: $289,095 (all houses as of
January 2013)
Average sold house value:
$335,403 (Dec. 2013)
BOCS will once again balance what
the community says they want in
terms of services with what they are
willing to pay for those services to
form the adopted budget.
County staff remains committed
to our vision to do the “right
thing for our customers and the
community every time.” History
shows that when this organization
works together with the Board
and the community to make tough
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move us toward our adopted vision.
The most recent Community
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The quarterly financial report for the City of Alamo Heights as of September 30, 2017 showed that:
1) The General Fund revenues were at 100% of budget and expenditures were at 94% of budget, resulting in a surplus. Property tax collections were at 99.6% of budget.
2) Utility Fund revenues were at 96% of budget and expenditures were at 87% of budget, also resulting in a surplus.
3) The investment portfolio totaled $8.2 million as of September 30, 2017 and was diversified across different investment types and within performance measures.
The Finance Director presented the quarterly financial report for the city as of September 30, 2016. Key highlights included:
- General Fund revenues were 102% of budget and expenditures were 94% of budget. Property tax collections met 100% of budget.
- Utility Fund revenues were 96% of budget and expenditures were 82% of budget.
- The Capital Projects Fund balance as of September 30, 2016 was $961,694.
- The city's investment portfolio totaled over $7 million as of September 30, 2016 and was in compliance with the city's investment policy.
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The document summarizes the Kwara State budget from 2010-2015, including key revenue and expenditure components. Total revenue increased from N67 billion in 2010 to over N117 billion in 2015. Recurrent revenue contributed around 50-67% annually, with the remainder from capital receipts. The economic sector received the largest share of recurrent expenditure, while economic affairs and education received most capital funds. Personnel and overhead costs accounted for about half of recurrent spending each year.
This document provides a five-year financial forecast for the City of San Antonio for fiscal years 2017 through 2021. It summarizes projected revenues, expenditures, and financial reserves for the General Fund, as well as the Hotel Occupancy Tax funds, Development Services Fund, and Solid Waste Operating Fund. The General Fund forecast projects modest surpluses each year and maintains reserves at 15% of revenues. Revenue growth is expected to average 2.7% annually during the forecast period. Expenditures are based on maintaining current service levels with adjustments for inflation. The forecast aims to provide early financial assessment to guide budget development and identify issues for city council.
Budget Committee Presentation March 19Brett Deaton
The document summarizes the city of Duluth's budget creation process and options for balancing the FY2010 budget. It includes a timeline of budget preparation from January to June, an overview of FY2009 revenues and expenditures, proposed cuts to department budgets for FY2010, and additional options like increasing property taxes or reducing services to address a projected $2.3 million revenue shortfall.
AH City Council Meeting 12.14.15 - Item #16 - 4th-qtr 2015 FinancialsMarian Vargas Mendoza
The Finance Director presented the quarterly financial report for the city as of September 30, 2015. Revenues for the general fund were at 99% of budget while expenditures were at 95% of budget. Property tax collections were at 99% of the amount budgeted. The utility fund revenues were at 89% of budget and expenditures were at 86% of budget. Overall, the city's financial position for the quarter remained positive.
- The quarterly financial report summarizes the city's revenues and expenditures as of June 30, 2015 for the general fund, utility fund, and capital projects fund.
- For the general fund, revenues were at 83% of budget while expenditures were at 72% of budget. Property tax collections were at 91% of budget.
- Utility fund revenues were at 56% of budget and expenditures were at 60% of budget.
- The investments portfolio totaled $8.7 million as of June 30, 2015 and was fully compliant with the city's investment policy.
This document provides the audited financial statements of onePULSE Foundation for the year ended December 31, 2018. It includes the independent auditors' report, statement of financial position, statement of activities, statement of cash flows, statement of functional expenses, and notes to the financial statements. The financial statements show that onePULSE had total net assets of $1,131,382 as of December 31, 2018, with $99,762 in net assets without donor restrictions and $1,031,620 in net assets with donor restrictions.
- The city's quarterly financial report shows that as of March 31, 2016, the general fund revenues were 71% of budget and expenditures were 44% of budget, leaving a positive operating balance. Property tax collections were at 91% of budget. The utility fund revenues were 46% of budget and expenditures were 35% of budget, also leaving a positive operating balance. The investment portfolio balance increased from the prior quarter to over $9.4 million as of March 31, 2016. Overall, the city's financial position remains positive at the halfway point of the fiscal year.
- The quarterly financial report summarizes the city's revenues and expenditures as of June 30, 2016, which is three quarters through the fiscal year.
- For the general fund, revenues are at 87% of budget while expenditures are at 66% of budget, leaving a positive operating balance. Property tax collections are at 97% of budget.
- The utility fund revenues are at 68% of budget while expenditures are at 55% of budget, also leaving a positive operating balance.
- Overall, the city's financial position remains positive with revenues and expenditures generally on track through three quarters of the fiscal year.
The document provides an overview of Clarington's 2020 budget and capital forecast for 2021-2024. It discusses external economic factors, historical trends in assessment and taxation, comparisons to other municipalities, and plans for citizen engagement. The capital forecast totals over $80 million for 2021-2024, with key items including fire vehicle replacements, pool renovations, and recreation facility upgrades. Asset management requirements and funding strategies are also addressed.
1. CITY OF BANGOR
FINANCIAL OVERVIEW
Presented by:
Roger Lebreux and Jennifer Conners
RUNYON KERSTEEN OUELLETTE
Recently, the City of Bangor completed the financial audit process. The School Department is part of the City and has
been included in the City’s financial statements. We are pleased to report that the City received an unmodified opinion,
which means the financial statements are fairly stated in all material respects. Further, the City reported no material
weaknesses related to its internal control. The remainder of this publication is dedicated to providing you with the
financial results for fiscal year 2014. We hope you find this information useful and understandable. Finally, we wish to
express our appreciation to all those who were so helpful to us during the audit process. It truly is a pleasure working
with your staff.
INSIDE
2. General Fund – Assets
3. General Fund – Liabilities and Deferred Inflows of Resources
4. General Fund – Fund Balance
5. General Fund – Fund Balance Analysis, FY 2005– FY 2014
6. Unassigned Fund Balance as a Percentage of Budget
7. General Fund – Revenues
8. General Fund – Expenditures
9. Debt per Capita
10. Property Tax Collection Compared to Other Cities
11. Nonmajor Enterprise Funds, FY 2012 – FY 2014
12. Nonmajor Enterprise Funds, Continued, FY 2012– FY 2014
13. Nonmajor Enterprise Funds, Continued, FY 2012 – 2014
14. Major Enterprise Funds, FY 2012 – FY 2014
15. Major Enterprise Funds, Continued, FY 2012 – FY 2014
16. Major Enterprise Funds, Continued, FY 2012 – FY 2014
About this presentation
This presentation is intended as a tool to assist the City Council,
School Committee and management in understanding its
financial operating results. The information contained in this
publication should be read in conjunction with the audited
financial statements and related disclosures and should not be
used for any other purposes without the expressed consent of
RUNYON KERSTEEN OUELLETTE.
Please contact us at 207-773-2986 or 1-800-486-1784
20 Long Creek Drive, South Portland, ME 04106.
2. CITY OF BANGOR
GENERAL FUND – ASSETS
Cash and
Investments
Taxes Receivable Account Receivables
Intergovernmental
Receivables
Other Assets
2014 $16,206,523 $2,765,960 $751,691 $3,438,342 $1,607,257
2013 $14,523,796 $2,810,832 $1,246,085 $2,625,755 $1,694,329
$-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
$16,000,000
$18,000,000
2
3. CITY OF BANGOR
GENERAL FUND – LIABILITIES AND DEFERRED INFLOWS OF RESOURCES
Accounts Payable
Accrued Wages and
Benefits Payable
Unavailable Revenue -
Property Taxes
Unearned Revenues
2014 $1,138,907 $4,000,984 $2,557,443 $36,919
2013 $996,982 $4,013,128 $2,664,910 $45,161
$-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
$4,500,000
3
4. CITY OF BANGOR
GENERAL FUND – EQUITY
Non
spendable
Restricted Committed Assigned Unassigned
2014 $2,753,765 $1,262,869 $2,623 $3,417,791 $9,598,472
2013 $2,774,214 $475,390 $10,583 $4,193,415 $7,727,014
$-
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
$7,000,000
$8,000,000
4
Observations:
• Nonspendable fund balance
includes advances to other funds,
inventory, and prepaid items.
• Restricted fund balance includes
amounts for PEG capital support,
arbitrage, and the School
Department’s fund balances.
•Committed fund balance is
entirely from the Cultural
Commission and Economic
Development.
• Assigned fund balance includes
amounts set aside for
encumbrances and various
reserves.
• Total fund balance increased
$1.9 million from the prior fiscal
year.
6. CITY OF BANGOR
UNASSIGNED FUND BALANCE AS A PERCENTAGE OF BUDGET
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%
16.00%
2014
Auburn 11.76%
Augusta 11.69%
Bangor 9.92%
Lewiston 13.18%
Portland 12.79%
6
Fund balance policies:
• Auburn - unassigned fund
balance target equal to 12.5%
of expenditures.
• Augusta - unassigned fund
balance target equal to 12.5%
of expenditures.
• Bangor – minimum
unassigned fund balance target
equal to 8.33% of operating
budget, less general fund debt
service.
• Lewiston – minimum
unassigned fund balance target
equal to 8% of general fund
revenues; maximum target
equal to 12%.
• Portland – unassigned fund
balance target equal to 12.5%
of expenditures, net of debt
transfers.
7. CITY OF BANGOR
7
GENERAL FUND - REVENUES
Budget Actual Variance
Taxes 55,067,630 56,005,218 937,588
State revenue sharing 2,369,000 2,305,725 (63,275)
State education subsidy 17,160,944 16,970,557 (190,387)
Other intergovernmental 7,222,045 7,423,731 201,686
Licenses and permits 677,759 1,389,717 711,958
Charges for services 11,872,803 11,869,687 (3,116)
Fines, forfeits and penalties 32,000 27,263 (4,737)
Revenue from use of money and property 721,400 700,557 (20,843)
Total revenues 95,123,581 96,692,455 1,568,874
Appropriation from fund balances 1,572,110 68,339 (1,503,771)
Other financing sources 45,000 106,930 61,930
Transfers from other funds 27,000 21,113 (5,887)
Total revenues and other financing sources 96,767,691 96,888,837 121,146
8. CITY OF BANGOR
8
GENERAL FUND - EXPENDITURES
Budget Actual Variance
General government 5,055,673 4,982,683 72,990
Public safety 16,774,996 16,410,045 364,951
Health, community services, and recreation 4,992,146 4,824,616 167,530
Public buildings and services 10,283,684 10,047,240 236,444
Other agencies 4,549,005 4,566,381 (17,376)
Education 51,609,961 47,581,964 4,027,997
Pensions and other fringe benefits 2,206,898 2,149,269 57,629
Debt service 2,754,485 2,753,492 993
Tax increment financing payments 897,850 922,264 (24,414)
Total expenditures 99,124,698 94,237,954 4,886,744
Transfers to other funds 780,000 830,000 (50,000)
Appropriations to assigned fund balance - 288,450 (288,450)
Total expenditures and other financing uses 99,904,698 95,356,404 4,548,294
9. CITY OF BANGOR
DEBT PER CAPITA – LAST TEN FISCAL YEARS
9
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Debt per capita 2,121 2,157 2,070 1,978 1,945 2,079 1,795 2,466 1,903 2,036
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400
2,600
Debt per capita calculations only include non-self supporting debt.
10. CITY OF BANGOR
10
TAX COLLECTIONS COMPARED TO OTHER CITIES
2010 2011 2012 2013 2014
Augusta 98.10% 98.30% 96.72% 96.67% 96.73%
Bangor 96.00% 97.20% 97.30% 97.37% 97.47%
Lewiston 97.10% 97.10% 97.23% 97.62% 97.60%
Portland 98.15% 98.31% 98.28% 98.77% 98.61%
South Portland 98.20% 98.00% 97.85% 98.14% 98.27%
94.00%
94.50%
95.00%
95.50%
96.00%
96.50%
97.00%
97.50%
98.00%
98.50%
99.00%
•Collections for any given year are for the taxes levied in that year only.
11. CITY OF BANGOR
NONMAJOR ENTERPRISE FUNDS FY 2012 – FY 2014
11
Revenues Expenses Change in Net Position
2014 1,002,164 925,595 76,569
2013 989,228 972,327 16,901
2012 1,013,509 995,631 17,878
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
PARKING
Revenues Expenses Change in Net Position
2014 440,295 497,833 (57,538)
2013 417,407 473,289 (55,882)
2012 397,426 533,671 (136,245)
(200,000)
(100,000)
-
100,000
200,000
300,000
400,000
500,000
600,000
PARK WOODS
12. CITY OF BANGOR
NONMAJOR ENTERPRISE FUNDS FY 2012 – FY 2014
12
Revenues Expenses Change in Net Position
2014 359,029 149,590 (1,002,383)
-
100,000
200,000
300,000
400,000
STORM WATER
Revenues Expenses Change in Net Position
2014 575,344 643,323 (67,979)
2013 593,415 687,317 (93,902)
2012 629,935 671,113 (45,608)
(200,000)
-
200,000
400,000
600,000
800,000
GOLF COURSE
The Storm Water change in net position includes the restatement of the beginning balance.
13. CITY OF BANGOR
13
Revenues Expenses Change in Net Position
2014 578,911 628,252 (49,341)
2013 568,465 586,140 (17,675)
2012 1,047,040 615,816 431,224
(100,000)
100,000
300,000
500,000
700,000
900,000
1,100,000
ECONOMIC DEVELOPMENT
NONMAJOR ENTERPRISE FUNDS FY 2012 – FY 2014
14. CITY OF BANGOR
MAJOR ENTERPRISE FUNDS FY 2012 – FY 2014
14
Revenues Expenses Change in Net Position
2014 8,465,840 6,843,975 1,621,865
2013 7,736,919 6,827,790 909,129
2012 7,371,821 6,773,495 598,326
-
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
SEWER
15. 15
Revenues Expenses Change in Net Position
2014 16,446,198 20,855,066 (4,408,868)
2013 18,432,227 20,722,960 (2,331,441)
2012 14,746,582 20,752,350 (6,005,768)
(10,000,000)
(5,000,000)
-
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
AIRPORT
CITY OF BANGOR
MAJOR ENTERPRISE FUNDS FY 2012 – FY 2014
16. CITY OF BANGOR
16
Revenues Expenses Change in Net Position
2014 3,648,094 6,317,039 501,772
2013 1,249,595 3,634,680 6,428,404
2012 1,304,384 1,919,301 (180,780)
(500,000)
500,000
1,500,000
2,500,000
3,500,000
4,500,000
5,500,000
6,500,000
7,500,000
BASS PARK
MAJOR ENTERPRISE FUNDS FY 2012 – FY 2014
The change in net position includes transfers from other funds.
Editor's Notes
Cash and investments increased $1,682,727. This amount is shown net of interfund receivables. Cash itself increased $4,643,122, which was offset by a decrease in the amounts due to the General Fund of $2,960,395.
Intergovernmental receivables increased by $812K, due to the timing of reimbursements by the State and the Department of Transportation for grant expenditures for the school department and the bus.
Other assets are made up of loan receivables, inventory and prepaid items.
Accounts payable and accrued wages and benefits fluctuate due to the timing of payments at year end.
Unavailable property tax revenues are taxes that have not been collected 60 day after fiscal year end. The amount of taxes deferred at year end decreased as the amount of taxes collected before year end increased.
Assigned fund balance decreased $775,624 as encumbrances related to the school department were reported under restricted fund balance this year.
Restricted fund balance increased by $787,479- see above.
Unassigned fund balance increased $1,871,458 due to the fact that revenues exceeded expenditures and transfers out by $1.5 million.
The FY 14 fund balance increased by $1.9 million this year due to revenues exceeding expenditures and transfers.
Bangor’s unassigned fund balance as a percentage of the budget has increased from 8.11% last year.
Bangor’s unassigned fund balance as a percentage of budget, when calculated according to the city’s policy was 10.88% in 2014, which is within the city’s charter parameters of no more than 16.66% and no less than 8.33%.
Taxes were $938K over budget as excise taxes exceeded the budget by $874K, due to an increase in new car registrations for rental businesses and Emera fleets.
State revenue sharing and state education subsidy were lower than budget due to changes in funding at the state level.
Other intergovernmental revenues were higher than budgeted due to higher than anticipated state agency client reimbursements for the school department.
Licenses and permits were $712K higher than budgeted due to one large building permit issued related to the EMHS tower project.
Public safety was $365K under budget due to vacancies both in the patrol and in detective/identification departments.
Health, community services and recreation were $168K under budget due to a vacancy for the director position that was open for almost the entire year, plus lower demand for general assistance than anticipated.
Education is $4 million under budget as the city adds the carryforward balances for the school department to the budget each year. Once we back out 2014 carryforward balances of $3 million, education costs were under budget by $901,573. Some of this was due to teachers who were budgeted in the General Fund but their salaries were charged to the Title 1 grant. There were also some savings in health insurance and transportation costs as those costs were lower than anticipated.
The debt per capita amount increased as the amount of debt outstanding increased due to new debt issuances.
Park woods revenues have increased steadily over the past 3 years; however, expenses continue to exceed revenues. Therefore, Park Woods had an operating loss for the third year straight and ended the year with a net deficit.
Park woods expenses include $89K in depreciation.
Parking revenues increased this year and were more consistent with 2012 revenues; expenses decreased this year and the fund had another increase in its net position for the third year straight.
Parking expenses include $268K in depreciation.
Golf course revenues continue to decline and have declined steadily over the past few years. The Golf course expenses also declined, but the course still experienced an operating loss and has operating losses for at least the past 5 years.
Golf course expenses include $76K in depreciation.
This is the first year of operations for the storm water fund. Even though revenues exceeded expenditures by $209K, the fund’s net position decreased by over $1 million as debt that was issued in prior year related to storm water upgrades was transferred to that fund.
Economic Development was considered a major fund last year and is now nonmajor as it a smaller percentage of all of the funds combined (due to the increase in Bass Park).
Revenues increased slightly and remain consistent with the prior year. Expenses increased slightly as well.
The fund experienced an operating loss for the 2nd year in a row.
Expenses include $184K in depreciation.
Sewer revenues increased by $728,921 due to rate increases, as well as changes in the billing process.
Expenses continue to increase, but are still lower than revenues.
The fund ended with positive operating results.
Revenues decreased by almost $2 million due to a decrease in military flights, plus the timing of AIP grants and related projects.
Expenses increased slightly due to an increase in the amounts spent on deicing fluid and an increase in insurance costs.
Overall the fund experienced a $4.4 million loss and has experienced losses for a few years in a row.
Expenses include $8 million in depreciation and amortization costs.
Revenues increased by $2.4 million as this was the first year of operation for the Arena.
Expenses increased by $2.7 million related to the opening of the Arena. Expenses include $1.9 million in interest expenses related to the Arena bond.
Bass Park had a positive change in net position as the fund had a transfer from the Arena fund of $3.5 million related to the acquisition of new equipment paid for by the Arena fund.