MEMO ORAN NDUM To: Mayo or and City y Council From: Chris s - PDF document

MEMO ORAN NDUM To: Mayo or and City y Council From: Chris s Pike, Fin nance Dire ector Date: Dece ember 31, 2015 Subjec ct: YTD Financia l Report f for Novem m ber 201 15 Followi ng are t he financ cial highli ghts for through Novembe er 30, 20 015. Overall revenues s are abo ove budge et led by building p permits w with the S State Farm p project. H Hotel taxes s are also o strong th his year w with reven nue comin ng in at a re ecord hig h for Jul y. On th e negativ ve side, o occupatio n taxes ( (aka busines ss licenses s) continu e to rema ain off last t year’s pa ace and w will likely fi nish the yea ar there. T The digest t rose just t slightly. The nega ative year r-to-date p prior to this month’s r revenue a also reflect ts the hom mestead f freeze tax x refunds. The surplus s for the y year is at ttributable e to prior year taxe es collecte ed in arre ears. Court r revenues a are 84% o of year-to- -date bud get. Expens ses are as s expected d. Police e present a budget t surplus do to a t tight control on overti me as we ell as vaca ancies and d attrition savings a above the e 2% budget ed. DPD D is almo ost back to full e mploymen nt. The DPD sur rplus represe ents 89% of the city ywide exp penditure s surplus. As Financ ce Director, I have reviewe ed this repor t. I am not a aware of any y material unt true statemen nts or material o omission; nor r do I conside er anything m misleading. T The financial statements a and related informatio on fairly pres sent the finan ncial condition n and the res sults in all ma aterial respec cts. Managem ment is respons sible for inter rnal controls and periodica ally evaluates s these intern nal controls. No deficienc cies in discovered. internal c controls were

City of Dunwoody YTD Statement of Revenues and Expenses Through November 30, 2015 Total Annual Revenues & Resources Budget YTD Budget YTD Actual YTD Variance Prior YTD Actual Flux (% of YTD (Diff from Prior Budget) Year) ($ '000) Taxes 17,465,000 14,553,750 15,234,217 680 105% 14,929,840 304,377 Licenses & Permits 2,470,005 2,299,588 3,778,487 1,479 164% 1,627,078 2,151,409 Intergovernmental Revenues 4,000,000 4,000,000 4,000,000 - 100% 3,000 3,997,000 Other Charges for Services 408,000 402,917 508,678 106 126% 486,402 22,276 Fines & Forfeitures 1,500,000 1,372,500 1,158,937 (214) 84% 1,350,585 (191,649) Investment Income 20,000 18,333 3,293 (15) 18% 4,417 (1,124) Contributions & Donations from Private Sources 19,935 15,185 24,069 9 159% 54,814 (30,745) Miscellaneous Revenue 213,000 195,250 454,887 260 233% 247,910 206,977 Other Financing Sources 1,150,000 1,150,000 1,055,422 (95) 92% 650,000 405,422 Use of Prior Year Reserves 1,240,099 1,070,099 1,220,099 150 114% - 1,220,099 Total Revenues & Resources 28,486,039 25,077,622 27,438,089 2,360 109% 19,354,046 8,084,043 Revenues Summary Use of Prior Year Reserves Other Financing Sources Miscellaneous Revenue Contributions & Donations from Private Sources Investment Income 30 Fines & Forfeitures $ Millions Other Charges for Services 20 Intergovernmental Revenues 10 Licenses & Permits ‐ Taxes YTD Actual Prior YTD Actual Total Annual Expenditures Budget YTD Budget YTD Actual Prior YTD Actual Flux Variance (% of YTD (Diff from Prior ($ '000) Budget) Year) City Council 237,316 221,017 199,740 21 90% 192,324 (7,417) City Manager 367,566 335,877 276,419 59 82% 224,005 (52,414) City Clerk 247,778 229,777 167,590 62 73% 142,769 (24,821) Legal 385,000 357,917 256,536 101 72% 298,007 41,471 Finance and Administration 3,483,553 3,209,385 3,041,958 167 95% 2,274,630 (767,328) Information Technology 866,573 780,339 769,226 11 99% 665,700 (103,526) Marketing 490,294 449,436 378,146 71 84% 409,700 31,554 Municipal Court 609,022 558,771 361,035 198 65% 404,628 43,593 Police 7,446,801 6,731,706 6,270,469 461 93% 5,341,987 (928,483) E-911 73,300 72,192 26,678 46 37% - (26,678) Public Works 3,621,439 3,158,890 3,281,600 (123) 104% 4,879,169 1,597,568 Parks & Recreation 5,619,167 5,461,298 5,136,662 325 94% 2,083,544 (3,053,119) Community Development 2,657,144 2,435,898 3,707,136 (1,271) 152% 2,000,765 (1,706,371) Economic Development 1,511,473 1,498,660 1,478,378 20 99% 1,254,626 (223,752) Contingency 400,000 366,667 - 367 0% - - Total Expenditures 28,016,426 25,867,829 25,351,575 516 98% 20,171,854 (5,179,720) Expenditure Summary YTD Actual Parks & Recreation , 20% City Council , 1% Community Development , 15% City Manager , 1% City Clerk , 1% Economic Development , 6% Legal , 1% Other, 6% Public Works , 13% Marketing , 1% Finance and Administration , 12% Police , 25% Contingency , 0% Municipal Court , 1% E ‐ 911 , 0% Information Technology , 3% Total Revenues over/(under) Expenditures 469,613 (790,207) 2,086,514 2,876,721 (817,809) 2,904,323