General Fund - January 2020 (See attachment)

This early in the year, the timing of one of two large receipts or payments tend to skew the variances. 

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

• Special Assessments is a negative amount due to the payment to Republic Services for delinquent garbage assessments.  Similar to previous years, this account will be negative until we receive our first and second half tax payments.

Expenditures Variances (+/- 10% of 8% target)

• All departmental expenditures are within the normal range and similar to last year's expenditures through January.

Community Center/Ice Arena/Sand Venture - January 2020 (See attachment)

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