January 2019 Review (See Attachment)

Revenue Variances (+/- 10% of 8% Target)

• This early in the year, one or two large receipts tend to skew the variances. 
• Special Assessments is a negative amount due to the payment to Republic Services for delinquent garbage assessments. Similar to last year, this account will be negative until we receive our first and second half tax payments.
• Licenses and Permits received the various permit fees for the BHS assisted living project in January which accounts for the large positive variance.
• Intergovernmental did not record any revenue in January. Again this is due timing, Municipal State Aid for road maintenance was received the first week of February this year versus the end of January last year.

Expenditure Variances (+/- 10% of 8% Target)

• Similar to prior years, the Mayor and Council budget line appears to be over budget. This division incurs a number of one-time costs at the front of the budget cycle and is anticipated to fall back within the variance parameters as the year progresses. 
• All other departmental expenditures are within the normal range and similar to last year's expenditures through January.

SandVenture/Ice Arena/Community Center Year-over-Year Comparison (See Attachment)

January 2019

Starting in January 2018, we began isolating SandVenture operations into its own business unit.  Now that there is a complete years worth of detail we are able to compare 2019 operations for all three distinct operational areas.

Similar to the analysis of the City's General fund, reviewing revenue and expenditures early in the year can be easily distorted depending upon what type of transactions did or did not occur. At this point in the year variances for all three operational areas are minimal.