General Fund - January 2023 (see attachment)

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

Revenue variances (8% target)

• Fines and Forfeit revenue is currently showing a negative amount.  This related to the timing of pass thru revenue to Scott County that will be "zeroed" out when the journal entry is made to accrue it back to December 2022.

Expenditure variances (8% target)

• All departmental expenditures are within the normal range and similar to last year's percentage through January.
• Mayor and Council expenditures includes annual membership dues paid at the beginning of the year for Metro Cities.
• Inspection department expenditures include annual software cost paid at the beginning of the year.

Community Center/Ice Arena/SandVenture - January 2023 (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 SandVenture, Ice Arena and Community Center are minimal.