Discussion:
April 2019 Review (See Attachment)
Revenue Variances (+/- 10% of 33% Target)
- Taxes will continue to have a variance until our first half property tax payment is received in June.
- Special Assessments continue to be 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.
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Licenses and Permits continues its strong start to the year with over $1.6 million in permit and license revenue which equates to 92 percent of the year's budget.
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Fines & Forfeitures recorded $3,000 of revenue in April with $2,500 attributed to the collection of fines for alcohol and/or tobacco violations.
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Miscellaneous revenue is tracking at a slightly higher pace compared to 2018, which is attributed to increase in investment income.
Expenditure Variances (+/- 10% of 33% Target)
- Overall General Fund expenditures are sitting at 31% of budget which is right in line for this point in the year.
- Natural Resources is over budget at this point. However, contracted tree trimming work began late this winter and and spring, which was planned in the budget. This budget variance should be eliminated as the year progresses.
- All other departments/divisions are within +/-10% of the April 30, 2019 target date.
SandVenture/Ice Arena/Community Center Year-over-Year Comparison (See Attachment)
April 2019
SandVenture activity is beginning to occur as staff are preparing for the upcoming summer season.
Ice arena revenues are approximately $276,000 through April 30 which is up slightly from this same time last year.
Ice arena operating expenditures are about $23,000 higher than this same time last year. In April this year an industrial floor scrubber was purchased for about $11,000. This is one-time purchase and will be made up from savings in canceling the cleaning contract and bringing those duties in house. Overall, ice arena expenditures have accounted for 30.5 percent of the year's budget.
Community Center revenues are over $431,000 thru April 30, which is about 45 percent of the year's budget and almost $53,000 higher than this time last year. The wages & benefits category is about $57,000 more this same time last year. $35,000 of this variance is due to having a full part-time staff at the community center compared to a year ago. The increase in operating expenses is related to an increase in internal rent charges from 2018 to 2019 and general operating expenses such as pool chemicals, birthday party supplies, and other promotional supplies associated with room rentals and community center activities.
Deferred revenue related to annual membership sales for April 2019 and 2018 are very similar.