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2020.07 Monthly Budget ReportMONTHLY BUDGET FINANCIAL STATUS UPDATE To: Mayor and Councilmembers From: Noah Crocker, Finance Director Period: July 2020 OVERVIEW: The Finance Department is committed to providing clear information to the Mayor, Council and staff regarding the budget status of the City. We have prepared the following reports to keep you up to date on the current budget status of the City. 1)Budget Report 2)Detail Fund Summary Report BUDGET REPORT: The Budget report will first provide Operational Funds and follow up with Capital Projects Funds. This report does not include beginning fund balance. This report is designed to provide a high-level view of each fund reviewing total revenues and expenses. The report does provide expense information by department. The goal of the City is to pay all current budget year expenses with current budget year revenues. We are not quite there yet, and this will show in the Surplus (Deficit) line at the end of each fund. We expect that future budget cycles will smooth out revenues and expenditures. The Budget Report provides information on current revenues and expenditures by fund including the following: •The original budgeted amount. •Current budget which would reflect any amendments that have been made. •Period activity which details the revenue and expense activity for the period in which the report was run. •Fiscal activity will provide the year to date expense and revenue amounts •Variance Shows the difference between budgeted and actual. •Percent remaining is the amount still needed to reach the budgeted amount. CASH AND INVESTMENT FUND SUMMARY The Cash and Investment Fund Summary provides information on current total cash & investment balances by Fund. Page 1 of 11 POINTS OF INTEREST: Current Expense Fund 001 – The Current Expense Fund is used for the general governmental functions of the City. The revenues received through July 2020 are trending above budgeted at 64.17%. The effects of the COVID19 pandemic had little effect on July Current Expense Fund revenues. Future reports will show what effects the COVID19 Pandemic may have on the City’s Current Expense Fund. The table provides budget versus actual (YTD) data by source of revenue. The table also shows revenue received for the month of July. SALES TAX REVENUES SUMMARY •Total 2020 Budget:$5,085,000 •Total 2020 YTD Actuals:$3,094,713 •Year-to-Date Actual revenue collected is 8.60% higher when compared to Year-to Date Budgeted •Year-to-Date Actual revenue collected is 3.94% higher when compared to Prior Year-to Date Actuals The following tables provide additional sales tax information. Table 1: shows revenue received by month over a three-year period. Revenue Source 2020 Original Budget 2020 Current Budget 2020 YTD % of Budget Received Received July 2020 Property Tax 1,900,000 1,900,000 1,021,501 53.76%8,302 Sales Tax 5,085,000 5,085,000 3,094,713 60.86%526,489 Other Taxes 2,125,000 2,125,000 1,459,476 68.68%291,975 Total Taxes 9,110,000 9,110,000 5,575,691 61.20% 826,766 Licenses & Permits 405,300 405,300 369,079 91.06%64,776 Intergovernmental Revenue 226,700 226,700 177,422 78.26%24,099 Charges for Goods & Services 444,800 444,800 366,265 82.34%31,084 Fines & Penalties 179,700 179,700 104,617 58.22%14,543 Misc Revenues 173,800 173,800 162,422 93.45%19,715 Non-Revenues - - 3,387 0.00%273 Capital Contributions - - 5,000 0.00%- REVENUE TOTALS 10,540,300 10,540,300 6,763,881 64.17%981,256 Current Expense Fund Revenues Page 2 of 11 Real Estate Excise Tax (REET) Fund 109 and Impact Mitigation Fee Fund 111 Real Estate Excise Tax receipts fluctuate monthly but are currently trending a bit lower (-7.48%) than revenue received in the same time-period for 2019. This may be due to the COVID19 pandemic. While REET is trending lower than 2019 actuals, it is still coming in above what was projected for the 2020 budget year. The table below shows biennial balances through July 2020 for REET 1 & 2 and Impact fees. These restricted funds are used as a local funding source for capital projects that have been documented in the City’s comprehensive plans. REET funds are also used for debt payments. The table shows 2019 beginning fund balances, biennial revenue received, expenses budgeted for the biennium and expenses which are obligated for future projects but have not yet been officially budgeted. The intent of this table is to snapshot and illustrate available balances and what is projected for the end of the biennium. This table includes project cost revisions which were approved as part of the mid biennial review amendment Ordinance # 044-19, adopted by Council on October 22, 2019. Impact Fees received for the July are as follows: McCormick Woods Transportation $13,497, Parks $36,402, Transportation $88,808. REET revenues received in July: REET 1 received $53,659, REET 2 received $53,659. Impact Fees REET Recreation Reserve MW Transport Impact Parks Impact Bayside Plat SEPA Transportation REET 1 REET 2 Recreation Reserve (001) Admissions 2019-2020 Beginning Balance 536,834 44,266 316,474 542,494 688,136 1,321,810 54,930 2019-2020 Revenue Received*257,649 170,562 6,766 497,104 819,383 819,423 63,182 2019-2020 Expenses Budgeted (51,043) (100,000) (313,285) - (162,914) (1,472,517) (25,000) 2019-2020 Obligated Expenses (420,000) (50,000) - (700,000) (458,000) - - 2019-2020 Ending Balance 323,440 64,828 9,955 339,598 886,606 668,716 93,112 *Revenue received includes interest earned Table 2: provides current data for sales tax revenue collected Year-to-date. Page 3 of 11 Capital Construction Fund 302 – The City awarded the design of the McCormick Woods Splash Pad to Land Expressions, LLC. (C-056-20). Per the contract the design work is expected to be completed by August 31, 2020. Street Capital Construction Fund 304 – Public Works is continuing to work to close out the Tremont Widening Project. The Bay Street Pedestrian Path Right of Way efforts are ongoing. – No change ENTERPRISE/UTILITY FUNDS: Water operation - Water operations budgeted revenues in the amount of $3,353,200 for 2020. Through July the City has received 55.05% of the annual budgeted revenues. Revenues for the Water utility, in winter and spring, are typically lower with larger monthly revenues received during the warmer summer and fall months. Revenues received in July are for the May-June cycle. The July revenues did trend down a bit which could be due to the impact of COVID19, or may just be because the months of May & June were cooler and so not as much water was required. Future months will tell us which was the cause of the slight downward trend. Operational expenses through the end of June are at 35.05% of the annual budgeted amount for 2020. Leaving a remaining budget of 64.95%. The water operational expense budget also includes transfers which have not yet been executed. The City manages its transfers according to when the anticipated expenses are to occur in the Water Capital Project, Debt or ER&R fund. Thus, there are currently approximately $1.541 million of transfers budgeted in 2019-2020 which have not occurred yet. Page 4 of 11 Sewer operation - Sewer Operational Revenues received for the period ending July 2020 are trending at 58.69% of the annual budgeted revenue. Operational Sewer expenses are at 31.97% for the period ending July 2020 leaving 68.03% of available annual budget authority to be used in the remaining months of 2020. The sewer operational expense budget also includes transfers which have not yet been executed. The City manages its transfers according to when the anticipated expenses are to occur in the Sewer Capital Project, Debt or ER&R fund. Thus, there are currently approximately $2.295 million of transfers budgeted in 2019-2020 which have not occurred yet. Storm Drainage operations -As of July 31st the Storm Drainage utility has received 65.5% of its annual budgeted revenue. Trending slightly higher than projected. Expenses through July 31st for the Storm Drainage Operations Fund are at 44.07%, leaving 55.93% remaining budget authority through the end of the year. The storm drainage operational expense budget also includes transfers which have not yet been executed. The City manages its transfers according to when the anticipated expenses are to occur in the Storm Drainage Capital Project, Debt or ER&R fund. Thus, there is currently approximately $268,000 of transfers budgeted in 2019-2020 which have not occurred yet. Page 5 of 11 8/11/2020 2:40:07 PM Budget Report City of Port Orchard Group Summary For Fiscal: 2020 Period Ending: 07/31/2020 Fiscal Activity Variance Favorable (Unfavorable) Period Activity Current Total Budget Original Total Budget Percent RemainingDepartment Fund: 001 - Current Expense Revenue 00 - Revenues 6,763,881.46981,256.1610,540,300.00 10,540,300.00 -3,776,418.54 35.83 % 6,763,881.46981,256.1610,540,300.00 10,540,300.00 -3,776,418.54Revenue Total:35.83 % Expense 01 - Finance 497,018.4179,118.41872,500.00 872,500.00 375,481.59 43.04 % 02 - Court 291,808.9736,351.80709,600.00 722,141.00 430,332.03 59.59 % 03 - Law Enforcement 2,401,745.19313,435.205,368,387.00 5,268,387.00 2,866,641.81 54.41 % 04 - Community Development 803,880.94128,498.281,435,917.00 1,641,917.00 838,036.06 51.04 % 05 - Public Works 736,956.79156,979.311,126,771.00 1,226,771.00 489,814.21 39.93 % 06 - Miscellaneous 1,762.50587.50350,000.00 1,211,853.00 1,210,090.50 99.85 % 07 - Administration 620,850.5495,914.451,521,018.00 1,191,018.00 570,167.46 47.87 % 5,354,023.34810,884.9511,384,193.00 12,134,587.00 6,780,563.66Expense Total:55.88 % 1,409,858.12170,371.21-843,893.00 -1,594,287.00 3,004,145.12Fund: 001 - Current Expense Surplus (Deficit):188.43 % Fund: 002 - City Street Fund Revenue 00 - Revenues 852,541.1546,648.471,634,000.00 1,904,000.00 -1,051,458.85 55.22 % 852,541.1546,648.471,634,000.00 1,904,000.00 -1,051,458.85Revenue Total:55.22 % Expense 05 - Public Works 670,671.83108,915.541,683,871.00 1,748,871.00 1,078,199.17 61.65 % 670,671.83108,915.541,683,871.00 1,748,871.00 1,078,199.17Expense Total:61.65 % 181,869.32-62,267.07-49,871.00 155,129.00 26,740.32Fund: 002 - City Street Fund Surplus (Deficit):-17.24 % Fund: 003 - Stabilization Fund Revenue 00 - Revenues 6,889.87357.92200,000.00 766,853.00 -759,963.13 99.10 % 6,889.87357.92200,000.00 766,853.00 -759,963.13Revenue Total:99.10 % 6,889.87357.92200,000.00 766,853.00 -759,963.13Fund: 003 - Stabilization Fund Total:99.10 % Fund: 103 - Criminal Justice Revenue 00 - Revenues 191,536.0040,257.81244,700.00 244,700.00 -53,164.00 21.73 % 191,536.0040,257.81244,700.00 244,700.00 -53,164.00Revenue Total:21.73 % Expense 03 - Law Enforcement 84,582.6310,797.70325,686.00 325,686.00 241,103.37 74.03 % 84,582.6310,797.70325,686.00 325,686.00 241,103.37Expense Total:74.03 % 106,953.3729,460.11-80,986.00 -80,986.00 187,939.37Fund: 103 - Criminal Justice Surplus (Deficit):232.06 % Fund: 104 - Special Investigative Unit Revenue 00 - Revenues 3,101.61374.724,000.00 4,000.00 -898.39 22.46 % 3,101.61374.724,000.00 4,000.00 -898.39Revenue Total:22.46 % Expense 03 - Law Enforcement 1,334.709.622,200.00 3,436.00 2,101.30 61.16 % 1,334.709.622,200.00 3,436.00 2,101.30Expense Total:61.16 % 1,766.91365.101,800.00 564.00 1,202.91Fund: 104 - Special Investigative Unit Surplus (Deficit):-213.28 % Fund: 107 - Community Events Revenue 00 - Revenues 53,212.736,907.24100,000.00 100,000.00 -46,787.27 46.79 % 53,212.736,907.24100,000.00 100,000.00 -46,787.27Revenue Total:46.79 % OPERATIONS ____________________________________________________________________________________________________________________________________________ Page 6 of 11 Budget Report For Fiscal: 2020 Period Ending: 07/31/2020 8/11/2020 2:40:07 PM Fiscal Activity Variance Favorable (Unfavorable) Period ActivityDepartment Current Total Budget Original Total Budget Percent Remaining Expense 01 - Finance 0.000.002,500.00 2,500.00 2,500.00 100.00 % 07 - Administration 9,378.341,500.00109,700.00 109,700.00 100,321.66 91.45 % 9,378.341,500.00112,200.00 112,200.00 102,821.66Expense Total:91.64 % 43,834.395,407.24-12,200.00 -12,200.00 56,034.39Fund: 107 - Community Events Surplus (Deficit):459.30 % Fund: 108 - Paths & Trails Revenue 00 - Revenues 665.0582.981,000.00 1,000.00 -334.95 33.50 % 665.0582.981,000.00 1,000.00 -334.95Revenue Total:33.50 % 665.0582.981,000.00 1,000.00 -334.95Fund: 108 - Paths & Trails Total:33.50 % Fund: 109 - Real Estate Excise Tax Revenue 00 - Revenues 532,102.89108,994.90700,000.00 700,000.00 -167,897.11 23.99 % 532,102.89108,994.90700,000.00 700,000.00 -167,897.11Revenue Total:23.99 % Expense 06 - Miscellaneous 35,253.080.000.00 977,600.00 942,346.92 96.39 % 35,253.080.000.00 977,600.00 942,346.92Expense Total:96.39 % 496,849.81108,994.90700,000.00 -277,600.00 774,449.81Fund: 109 - Real Estate Excise Tax Surplus (Deficit):278.98 % Fund: 111 - Impact Mitigation Fee Revenue 00 - Revenues 560,180.81139,642.83140,000.00 140,000.00 420,180.81 300.13 % 560,180.81139,642.83140,000.00 140,000.00 420,180.81Revenue Total:300.13 % Expense 05 - Public Works 0.000.000.00 55,000.00 55,000.00 100.00 % 06 - Miscellaneous 0.000.00150,000.00 413,285.00 413,285.00 100.00 % 0.000.00150,000.00 468,285.00 468,285.00Expense Total:100.00 % 560,180.81139,642.83-10,000.00 -328,285.00 888,465.81Fund: 111 - Impact Mitigation Fee Surplus (Deficit):270.64 % Fund: 206 - Bond Redemption Fund Revenue 00 - Revenues 35,253.080.000.00 298,006.00 -262,752.92 88.17 % 35,253.080.000.00 298,006.00 -262,752.92Revenue Total:88.17 % Expense 06 - Miscellaneous 35,253.070.00298,007.00 298,007.00 262,753.93 88.17 % 35,253.070.00298,007.00 298,007.00 262,753.93Expense Total:88.17 % 0.010.00-298,007.00 -1.00 1.01Fund: 206 - Bond Redemption Fund Surplus (Deficit):101.00 % Fund: 411 - Water Operating Revenue 00 - Revenues 1,846,045.68259,374.933,353,200.00 3,353,200.00 -1,507,154.32 44.95 % 1,846,045.68259,374.933,353,200.00 3,353,200.00 -1,507,154.32Revenue Total:44.95 % Expense 05 - Public Works 1,306,765.85145,757.282,258,138.00 2,258,138.00 951,372.15 42.13 % 06 - Miscellaneous 2,400.000.00527,500.00 1,477,500.00 1,475,100.00 99.84 % 1,309,165.85145,757.282,785,638.00 3,735,638.00 2,426,472.15Expense Total:64.95 % 536,879.83113,617.65567,562.00 -382,438.00 919,317.83Fund: 411 - Water Operating Surplus (Deficit):240.38 % Fund: 412 - Water Stabilization Revenue 00 - Revenues 563.9726.87290,000.00 290,000.00 -289,436.03 99.81 % 563.9726.87290,000.00 290,000.00 -289,436.03Revenue Total:99.81 % 563.9726.87290,000.00 290,000.00 -289,436.03Fund: 412 - Water Stabilization Total:99.81 % Page 7 of 11 Budget Report For Fiscal: 2020 Period Ending: 07/31/2020 8/11/2020 2:40:07 PM Fiscal Activity Variance Favorable (Unfavorable) Period Activity Current Total Budget Original Total Budget Percent RemainingDepartment Fund: 414 - Water Debt Service Revenue 00 - Revenues 15,050.006,975.0050,000.00 50,000.00 -34,950.00 69.90 % 15,050.006,975.0050,000.00 50,000.00 -34,950.00Revenue Total:69.90 % Expense 06 - Miscellaneous 15,050.006,975.0050,000.00 50,000.00 34,950.00 69.90 % 15,050.006,975.0050,000.00 50,000.00 34,950.00Expense Total:69.90 % 0.000.000.00 0.00 0.00Fund: 414 - Water Debt Service Surplus (Deficit):0.00 % Fund: 421 - Storm Drainage Utility Revenue 00 - Revenues 1,073,897.93156,247.621,639,500.00 1,639,500.00 -565,602.07 34.50 % 1,073,897.93156,247.621,639,500.00 1,639,500.00 -565,602.07Revenue Total:34.50 % Expense 05 - Public Works 589,338.7888,724.351,202,066.00 1,230,766.00 641,427.22 52.12 % 06 - Miscellaneous 35,507.750.00215,890.00 187,190.00 151,682.25 81.03 % 624,846.5388,724.351,417,956.00 1,417,956.00 793,109.47Expense Total:55.93 % 449,051.4067,523.27221,544.00 221,544.00 227,507.40Fund: 421 - Storm Drainage Utility Surplus (Deficit):-102.69 % Fund: 422 - Storm Drainage Stabilization Revenue 00 - Revenues 934.4744.5210,200.00 10,200.00 -9,265.53 90.84 % 934.4744.5210,200.00 10,200.00 -9,265.53Revenue Total:90.84 % 934.4744.5210,200.00 10,200.00 -9,265.53Fund: 422 - Storm Drainage Stabilization Total:90.84 % Fund: 424 - Storm Drainage Debt Service Revenue 00 - Revenues 35,507.750.00176,990.00 176,990.00 -141,482.25 79.94 % 35,507.750.00176,990.00 176,990.00 -141,482.25Revenue Total:79.94 % Expense 06 - Miscellaneous 35,507.750.00176,990.00 176,990.00 141,482.25 79.94 % 35,507.750.00176,990.00 176,990.00 141,482.25Expense Total:79.94 % 0.000.000.00 0.00 0.00Fund: 424 - Storm Drainage Debt Service Surplus (Deficit):0.00 % Fund: 431 - Sewer Operating Revenue 00 - Revenues 3,185,318.82431,823.795,427,400.00 5,427,400.00 -2,242,081.18 41.31 % 3,185,318.82431,823.795,427,400.00 5,427,400.00 -2,242,081.18Revenue Total:41.31 % Expense 05 - Public Works 1,927,421.62276,416.963,773,488.00 3,811,388.00 1,883,966.38 49.43 % 06 - Miscellaneous 0.000.00856,300.00 2,217,129.00 2,217,129.00 100.00 % 1,927,421.62276,416.964,629,788.00 6,028,517.00 4,101,095.38Expense Total:68.03 % 1,257,897.20155,406.83797,612.00 -601,117.00 1,859,014.20Fund: 431 - Sewer Operating Surplus (Deficit):309.26 % Fund: 432 - Sewer Stabilization Revenue 00 - Revenues 2,063.45117.9018,400.00 165,475.00 -163,411.55 98.75 % 2,063.45117.9018,400.00 165,475.00 -163,411.55Revenue Total:98.75 % 2,063.45117.9018,400.00 165,475.00 -163,411.55Fund: 432 - Sewer Stabilization Total:98.75 % Fund: 500 - Equipment Rental and Revolving Revenue 00 - Revenues 209,433.8021,205.48753,402.00 732,697.00 -523,263.20 71.42 % 209,433.8021,205.48753,402.00 732,697.00 -523,263.20Revenue Total:71.42 % Expense 10 - ER&R 921,387.9228,610.55370,857.00 1,128,357.00 206,969.08 18.34 % Page 8 of 11 Budget Report For Fiscal: 2020 Period Ending: 07/31/2020 8/11/2020 2:40:07 PM Fiscal Activity Variance Favorable (Unfavorable) Period ActivityDepartment Current Total Budget Original Total Budget Percent Remaining 921,387.9228,610.55370,857.00 1,128,357.00 206,969.08Expense Total:18.34 % -711,954.12-7,405.07382,545.00 -395,660.00 -316,294.12Fund: 500 - Equipment Rental and Revolving Surplus (Deficit):-79.94 % Report Surplus (Deficit):721,747.19 4,344,303.861,895,706.00 -2,061,809.00 6,406,112.86 310.70 % Page 9 of 11 8/11/2020 2:38:34 PM Budget Report City of Port Orchard Group Summary For Fiscal: 2020 Period Ending: 07/31/2020 Fiscal Activity Variance Favorable (Unfavorable) Period Activity Current Total Budget Original Total Budget Percent RemainingAccount Type Fund: 302 - Capital Construction Revenue 923.7164.200.00 127,263.00 -126,339.29 99.27 % Expense 79,864.2578,464.52318,000.00 436,215.00 356,350.75 81.69 % -78,940.54-78,400.32-318,000.00 -308,952.00 230,011.46Fund: 302 - Capital Construction Surplus (Deficit):74.45 % Fund: 304 - Street Capital Projects Revenue 459,201.10671.59150,000.00 990,616.00 -531,414.90 53.64 % Expense 290,769.9927,028.81592,594.00 360,594.00 69,824.01 19.36 % 168,431.11-26,357.22-442,594.00 630,022.00 -461,590.89Fund: 304 - Street Capital Projects Surplus (Deficit):73.27 % Fund: 413 - Water Capital Revenue 1,352,606.1536,178.792,562,500.00 3,512,500.00 -2,159,893.85 61.49 % Expense 1,680,436.41148,645.464,480,500.00 4,495,444.00 2,815,007.59 62.62 % -327,830.26-112,466.67-1,918,000.00 -982,944.00 655,113.74Fund: 413 - Water Capital Surplus (Deficit):66.65 % Fund: 423 - Storm Drainage Capital Facil Revenue 2,787.31132.800.00 0.00 2,787.31 0.00 % Expense 0.000.00501,640.00 269,703.00 269,703.00 100.00 % 2,787.31132.80-501,640.00 -269,703.00 272,490.31Fund: 423 - Storm Drainage Capital Facil Surplus (Deficit):101.03 % Fund: 433 - Sewer Capital Revenue 379,580.9532,225.912,155,000.00 3,406,654.00 -3,027,073.05 88.86 % Expense 1,376,406.90458,408.073,772,400.00 4,973,883.00 3,597,476.10 72.33 % -996,825.95-426,182.16-1,617,400.00 -1,567,229.00 570,403.05Fund: 433 - Sewer Capital Surplus (Deficit):36.40 % Report Surplus (Deficit):-643,273.57 -1,232,378.33-4,797,634.00 -2,498,806.00 1,266,427.67 50.68 % CAPITAL _______________________________________________________________________________________________________________________________________________ Page 10 of 11 Detail Report Date Range: 07/01/2020 - 07/31/2020 8/11/2020 5:59:44 PM Fund Summary Ending BalanceBeginning BalanceFund Total Activity 001 - Current Expense 6,545,132.12 6,715,503.33170,371.21 002 - City Street Fund 1,054,762.82 992,495.75-62,267.07 003 - Stabilization Fund 1,365,263.81 1,365,621.73357.92 103 - Criminal Justice 427,770.12 457,230.2329,460.11 104 - Special Investigative Unit 95,206.34 95,571.44365.10 107 - Community Events 190,299.60 195,706.845,407.24 108 - Paths & Trails 10,500.24 10,583.2282.98 109 - Real Estate Excise Tax 2,844,411.76 2,953,406.66108,994.90 111 - Impact Mitigation Fee 2,181,463.32 2,321,106.15139,642.83 206 - Bond Redemption Fund 0.01 0.010.00 302 - Capital Construction 300,551.01 222,150.69-78,400.32 304 - Street Capital Projects 2,662,734.65 2,636,377.43-26,357.22 401 - Water-Sewer Utilities 0.00 0.000.00 403 - Water-Sewer Cumulative Reserve 0.00 0.000.00 411 - Water Operating 2,621,649.00 2,735,266.65113,617.65 412 - Water Stabilization 101,811.72 101,838.5926.87 413 - Water Capital 2,149,207.95 2,036,741.28-112,466.67 414 - Water Debt Service 0.00 0.000.00 421 - Storm Drainage Utility 1,917,816.79 1,985,340.0667,523.27 422 - Storm Drainage Stabilization 168,697.98 168,742.5044.52 423 - Storm Drainage Capital Facil 626,368.12 626,500.92132.80 424 - Storm Drainage Debt Service 0.00 0.000.00 431 - Sewer Operating 3,529,017.76 3,684,424.59155,406.83 432 - Sewer Stabilization 446,613.15 446,731.05117.90 433 - Sewer Capital 2,441,534.69 2,015,352.53-426,182.16 434 - Sewer Debt Service 0.00 0.000.00 500 - Equipment Rental and Revolving 3,145,761.82 3,138,356.75-7,405.07 631 - Trust and Agency 9,702.10 9,713.8811.78 632 - Wastewater Treatment Facil Fee 2,669,338.88 2,692,013.7422,674.86 Grand Total:37,505,615.76 37,606,776.02101,160.26 Cash & Investment ___________________________________________________________________________________________________________ Page 11 of 11