General Fund - February 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 17% target)

• 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.
• Investment income has not been posted to miscellaneous revenue.  We typically wait to allocate the first couple months of interest until the previous year is closed and ending cash balances within all the funds have been finalized for a more accurate interest allocation.  

Expenditures Variances (+/- 10% of 17% target)

• Departmental expenditures are within the normal range and similar to last year's expenditures through February.

Community Center/Ice Arena/Sand Venture - February 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.