2019.07 Monthly Budget ReportMONTHLY BUDGET FINANCIAL STATUS UPDATE
To: Mayor and Councilmembers
From: Noah Crocker, Finance Director
Period: July 2019
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.
DETAIL CASH AND INVESTMENT FUND SUMMARY REPORT
The Detail Cash and Investment Fund Summary Report provides information on current total cash & investment
balances by Fund.
2
POINTS OF INTEREST:
Current Expense Fund 001 – The Current Expense Fund is used for the general governmental functions of the City.
The City has received about 63.6% of its
estimated budgeted revenues as of July
31st. The following table provides a
breakout of the different revenue
sources received in July and Year to
Date. Additionally, it provides the
amounts budgeted in each category for
2019. Expenditures are at 47.3% of our
2019 budget. All departments are
trending at 50% or just slightly under on
their expenditures.
Real Estate Excise Tax Fund 109 and Impact Mitigation Fee Fund 111
Real Estate Excise Tax receipts fluctuate greatly per month but are currently trending slightly higher (2%) than
receipts received in the same time period for2018.
The table below indicates current balances for the REET and Impact fees. These restricted funds are used as a local
funding source for capital projects as documented in the City’s comprehensive plan. REET funds are also for debt
payments. The table will illustrate beginning 2019 Fund Balances, revenue received year to date, expenses which
are budgeted for the biennium and balances which are obligated for future projects but have not been officially
budgeted yet. The intent of this table is to snapshot and illustrate available balances and what is projected for the
end of the biennium. We do expect balances to adjust as projects are completed, new cost estimates are prepared
and updated, and budget amendments are completed.
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 536,160 44,127 316,109 541,822 585,759 1,217,673 54,930
2019-2020 Revenue Received 100,843 69,212 - 128,021 292,921 293,159 30,014
2019-2020 Expenses Budgeted (172,000) - (313,285) - (159,932) (1,474,781) -
2019-2020 Obligated Expenses (465,000) - - (500,000) (458,000) - (10,000)
2019-2020 Ending Balance 2 113,340 2,824 169,844 260,748 36,051 74,944
Revenue Source July 2019 2019 YTD 2019 Budget
Property Tax 1,012 934,310 1,841,000
Sales Tax 475,469 2,977,524 5,060,000
Other Taxes 284,597 1,386,096 2,088,300
Total Taxes 761,078 5,297,931 8,989,300
Licenses & Permits 54,378 374,782 403,400
Intergovernmental Revenue 25,464 175,900 223,100
Charges for Goods & Services 53,388 387,554 438,700
Fines and Forfeits 21,516 162,226 176,300
Misc Revenues 30,418 207,153 172,500
Non Rev 514 7,636 -
Capital Contributions 12,294 12,294 -
Revenue Totals 959,050 6,625,476 10,403,300
Current Expense Fund Revenues
3
Capital Construction Fund 302 - The City is in the final stages of McCormick Woods Park and Rockwell Park
construction completion.
Street Capital Construction Fund 304 - Construction on Tremont Widening and Bay Street Pedestrian Path Segment
3, are winding down and should be complete soon. The Bay Street Pedestrian Path Right of Way efforts are ongoing.
Enterprise/Utility Funds:
Water operation revenues received through July are at 66 % of the total budgeted for 2019, slightly above what
was budgeted. However, this is likely to taper off as summer wanes and lawn watering and irrigation slows down.
Expenditures for water utility operations are at normal levels.
Sewer operation revenues are trending higher than budgeted due to new homes being connected to our system.
We expect this trend to slow for the remainder of the biennium. Sewer expenses are trending lower at this point
in the year.
Storm Drainage operations revenues received are also slightly higher than projected and expense for this fund Is as
anticipated for this time period.
4
SALES TAX REVENUES SUMMARY
Total 2019 Budget: $5,060,000
Total 2019 YTD Actuals: $2,977,524
Year-to-Date Actual revenue collected is 4.60% higher when compared to Year-to Date Budgeted
Year-to-Date Actual revenue collected is 3.22% higher when compared to Prior Year-to Date Actuals
The tables below provide additional information. Sales tax table 1 provides data on current sales tax revenue
collected Year-to-date. Table 2 shows revenue received by month over a three-year period.
Table 1:
Table 2
0100,000
200,000
300,000
400,000500,000600,000
Monthly Sales Tax 3yr Comparison
2017 Actual 2018 Actual 2019 Actuals YTD
8/23/2019 12:02:44 PM
Budget Report
City of Port Orchard Group Summary
For Fiscal: 2019 Period Ending: 07/31/2019
Fiscal
Activity
Variance
Favorable
(Unfavorable)
Period
Activity
Current
Total Budget
Original
Total Budget
Percent
RemainingDepartment
Fund: 001 - Current Expense
Revenue
00 - Revenues 6,625,475.94959,050.1710,403,300.00 10,403,300.00 -3,777,824.06 36.31 %
6,625,475.94959,050.1710,403,300.00 10,403,300.00 -3,777,824.06Revenue Total:36.31 %
Expense
01 - Finance 385,802.5644,338.34853,400.00 853,400.00 467,597.44 54.79 %
02 - Court 296,329.9141,161.04625,500.00 625,500.00 329,170.09 52.63 %
03 - Law Enforcement 2,734,423.87350,261.165,823,008.00 5,823,008.00 3,088,584.13 53.04 %
04 - Community Development 707,401.4096,287.581,378,200.00 1,378,200.00 670,798.60 48.67 %
05 - Public Works 648,787.6769,974.161,262,351.00 1,262,351.00 613,563.33 48.60 %
06 - Miscellaneous 201,500.00500.00650,000.00 650,000.00 448,500.00 69.00 %
07 - Administration 600,812.8073,543.011,202,835.00 1,202,835.00 602,022.20 50.05 %
5,575,058.21676,065.2911,795,294.00 11,795,294.00 6,220,235.79Expense Total:52.73 %
1,050,417.73282,984.88-1,391,994.00 -1,391,994.00 2,442,411.73Fund: 001 - Current Expense Surplus (Deficit):175.46 %
Fund: 002 - City Street Fund
Revenue
00 - Revenues 960,846.5354,472.291,934,000.00 1,934,000.00 -973,153.47 50.32 %
960,846.5354,472.291,934,000.00 1,934,000.00 -973,153.47Revenue Total:50.32 %
Expense
05 - Public Works 1,066,663.9394,327.842,309,591.00 2,309,591.00 1,242,927.07 53.82 %
1,066,663.9394,327.842,309,591.00 2,309,591.00 1,242,927.07Expense Total:53.82 %
-105,817.40-39,855.55-375,591.00 -375,591.00 269,773.60Fund: 002 - City Street Fund Surplus (Deficit):71.83 %
Fund: 003 - Stabilization Fund
Revenue
00 - Revenues 215,969.352,362.13200,000.00 200,000.00 15,969.35 7.98 %
215,969.352,362.13200,000.00 200,000.00 15,969.35Revenue Total:7.98 %
215,969.352,362.13200,000.00 200,000.00 15,969.35Fund: 003 - Stabilization Fund Total:7.98 %
Fund: 103 - Criminal Justice
Revenue
00 - Revenues 195,990.4037,377.54244,600.00 244,600.00 -48,609.60 19.87 %
195,990.4037,377.54244,600.00 244,600.00 -48,609.60Revenue Total:19.87 %
Expense
03 - Law Enforcement 251,588.4610,074.84591,400.00 591,400.00 339,811.54 57.46 %
251,588.4610,074.84591,400.00 591,400.00 339,811.54Expense Total:57.46 %
-55,598.0627,302.70-346,800.00 -346,800.00 291,201.94Fund: 103 - Criminal Justice Surplus (Deficit):83.97 %
Fund: 104 - Special Investigative Unit
Revenue
00 - Revenues 4,262.06304.554,000.00 4,000.00 262.06 6.55 %
4,262.06304.554,000.00 4,000.00 262.06Revenue Total:6.55 %
Expense
03 - Law Enforcement 110.8916.462,080.00 2,080.00 1,969.11 94.67 %
110.8916.462,080.00 2,080.00 1,969.11Expense Total:94.67 %
4,151.17288.091,920.00 1,920.00 2,231.17Fund: 104 - Special Investigative Unit Surplus (Deficit):-116.21 %
Fund: 107 - Community Events
Revenue
00 - Revenues 61,299.0511,572.65100,000.00 100,000.00 -38,700.95 38.70 %
61,299.0511,572.65100,000.00 100,000.00 -38,700.95Revenue Total:38.70 %
OPERATIONAL FUNDS
______________________________________________________________________________________________________________________________________________________
Budget Report For Fiscal: 2019 Period Ending: 07/31/2019
8/23/2019 12:02:44 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 %
06 - Miscellaneous 12,722.705,673.55100,000.00 100,000.00 87,277.30 87.28 %
07 - Administration 3,190.770.009,700.00 9,700.00 6,509.23 67.11 %
15,913.475,673.55112,200.00 112,200.00 96,286.53Expense Total:85.82 %
45,385.585,899.10-12,200.00 -12,200.00 57,585.58Fund: 107 - Community Events Surplus (Deficit):472.01 %
Fund: 108 - Paths & Trails
Revenue
00 - Revenues 819.08128.511,000.00 1,000.00 -180.92 18.09 %
819.08128.511,000.00 1,000.00 -180.92Revenue Total:18.09 %
819.08128.511,000.00 1,000.00 -180.92Fund: 108 - Paths & Trails Total:18.09 %
Fund: 109 - Real Estate Excise Tax
Revenue
00 - Revenues 586,079.7096,643.20700,000.00 700,000.00 -113,920.30 16.27 %
586,079.7096,643.20700,000.00 700,000.00 -113,920.30Revenue Total:16.27 %
Expense
06 - Miscellaneous 46,144.670.001,634,713.00 1,634,713.00 1,588,568.33 97.18 %
46,144.670.001,634,713.00 1,634,713.00 1,588,568.33Expense Total:97.18 %
539,935.0396,643.20-934,713.00 -934,713.00 1,474,648.03Fund: 109 - Real Estate Excise Tax Surplus (Deficit):157.76 %
Fund: 111 - Impact Mitigation Fee
Revenue
00 - Revenues 298,076.2650,719.97140,000.00 140,000.00 158,076.26 112.91 %
298,076.2650,719.97140,000.00 140,000.00 158,076.26Revenue Total:112.91 %
Expense
05 - Public Works 0.000.00335,285.00 335,285.00 335,285.00 100.00 %
0.000.00335,285.00 335,285.00 335,285.00Expense Total:100.00 %
298,076.2650,719.97-195,285.00 -195,285.00 493,361.26Fund: 111 - Impact Mitigation Fee Surplus (Deficit):252.64 %
Fund: 206 - Bond Redemption Fund
Revenue
00 - Revenues 40,578.490.00757,383.00 757,383.00 -716,804.51 94.64 %
40,578.490.00757,383.00 757,383.00 -716,804.51Revenue Total:94.64 %
Expense
06 - Miscellaneous 40,578.492,982.00459,376.00 459,376.00 418,797.51 91.17 %
40,578.492,982.00459,376.00 459,376.00 418,797.51Expense Total:91.17 %
0.00-2,982.00298,007.00 298,007.00 -298,007.00Fund: 206 - Bond Redemption Fund Surplus (Deficit):100.00 %
Fund: 401 - Water-Sewer Utilities
Revenue
00 - Revenues 19,904.722,858.730.00 0.00 19,904.72 0.00 %
19,904.722,858.730.00 0.00 19,904.72Revenue Total:0.00 %
Expense
05 - Public Works 2,000,000.000.002,000,000.00 2,000,000.00 0.00 0.00 %
2,000,000.000.002,000,000.00 2,000,000.00 0.00Expense Total:0.00 %
-1,980,095.282,858.73-2,000,000.00 -2,000,000.00 19,904.72Fund: 401 - Water-Sewer Utilities Surplus (Deficit):1.00 %
Fund: 411 - Water Operating
Revenue
00 - Revenues 2,702,919.06289,769.104,074,100.00 4,074,100.00 -1,371,180.94 33.66 %
2,702,919.06289,769.104,074,100.00 4,074,100.00 -1,371,180.94Revenue Total:33.66 %
Expense
05 - Public Works 1,603,826.40183,681.243,563,478.00 3,563,478.00 1,959,651.60 54.99 %
1,603,826.40183,681.243,563,478.00 3,563,478.00 1,959,651.60Expense Total:54.99 %
1,099,092.66106,087.86510,622.00 510,622.00 588,470.66Fund: 411 - Water Operating Surplus (Deficit):-115.25 %
Budget Report For Fiscal: 2019 Period Ending: 07/31/2019
8/23/2019 12:02:44 PM
Fiscal
Activity
Variance
Favorable
(Unfavorable)
Period
Activity
Current
Total Budget
Original
Total Budget
Percent
RemainingDepartment
Fund: 412 - Water Stabilization
Revenue
00 - Revenues 100,417.46211.11100,000.00 100,000.00 417.46 0.42 %
100,417.46211.11100,000.00 100,000.00 417.46Revenue Total:0.42 %
100,417.46211.11100,000.00 100,000.00 417.46Fund: 412 - Water Stabilization Total:0.42 %
Fund: 414 - Water Debt Service
Revenue
00 - Revenues 7,551.500.0080,128.00 80,128.00 -72,576.50 90.58 %
7,551.500.0080,128.00 80,128.00 -72,576.50Revenue Total:90.58 %
Expense
05 - Public Works 7,551.50551.5080,128.00 80,128.00 72,576.50 90.58 %
7,551.50551.5080,128.00 80,128.00 72,576.50Expense Total:90.58 %
0.00-551.500.00 0.00 0.00Fund: 414 - Water Debt Service Surplus (Deficit):0.00 %
Fund: 421 - Storm Drainage Utility
Revenue
00 - Revenues 1,092,088.04169,968.361,614,500.00 1,614,500.00 -522,411.96 32.36 %
1,092,088.04169,968.361,614,500.00 1,614,500.00 -522,411.96Revenue Total:32.36 %
Expense
05 - Public Works 927,609.6679,228.351,989,521.00 1,989,521.00 1,061,911.34 53.38 %
927,609.6679,228.351,989,521.00 1,989,521.00 1,061,911.34Expense Total:53.38 %
164,478.3890,740.01-375,021.00 -375,021.00 539,499.38Fund: 421 - Storm Drainage Utility Surplus (Deficit):143.86 %
Fund: 422 - Storm Drainage Stabilization
Revenue
00 - Revenues 166,387.76349.80165,000.00 165,000.00 1,387.76 0.84 %
166,387.76349.80165,000.00 165,000.00 1,387.76Revenue Total:0.84 %
166,387.76349.80165,000.00 165,000.00 1,387.76Fund: 422 - Storm Drainage Stabilization Total:0.84 %
Fund: 424 - Storm Drainage Debt Service
Revenue
00 - Revenues 36,769.580.00177,764.00 177,764.00 -140,994.42 79.32 %
36,769.580.00177,764.00 177,764.00 -140,994.42Revenue Total:79.32 %
Expense
05 - Public Works 36,769.580.00177,764.00 177,764.00 140,994.42 79.32 %
36,769.580.00177,764.00 177,764.00 140,994.42Expense Total:79.32 %
0.000.000.00 0.00 0.00Fund: 424 - Storm Drainage Debt Service Surplus (Deficit):0.00 %
Fund: 431 - Sewer Operating
Revenue
00 - Revenues 3,990,889.96432,785.045,998,200.00 5,998,200.00 -2,007,310.04 33.47 %
3,990,889.96432,785.045,998,200.00 5,998,200.00 -2,007,310.04Revenue Total:33.47 %
Expense
05 - Public Works 2,500,343.58244,825.426,413,629.00 6,413,629.00 3,913,285.42 61.02 %
2,500,343.58244,825.426,413,629.00 6,413,629.00 3,913,285.42Expense Total:61.02 %
1,490,546.38187,959.62-415,429.00 -415,429.00 1,905,975.38Fund: 431 - Sewer Operating Surplus (Deficit):458.80 %
Fund: 432 - Sewer Stabilization
Revenue
00 - Revenues 295,073.84620.35588,300.00 588,300.00 -293,226.16 49.84 %
295,073.84620.35588,300.00 588,300.00 -293,226.16Revenue Total:49.84 %
295,073.84620.35588,300.00 588,300.00 -293,226.16Fund: 432 - Sewer Stabilization Total:49.84 %
Fund: 434 - Sewer Debt Service
Revenue
00 - Revenues 551.500.0030,128.00 30,128.00 -29,576.50 98.17 %
551.500.0030,128.00 30,128.00 -29,576.50Revenue Total:98.17 %
Budget Report For Fiscal: 2019 Period Ending: 07/31/2019
8/23/2019 12:02:44 PM
Fiscal
Activity
Variance
Favorable
(Unfavorable)
Period
ActivityDepartment
Current
Total Budget
Original
Total Budget
Percent
Remaining
Expense
05 - Public Works 551.50551.5030,128.00 30,128.00 29,576.50 98.17 %
551.50551.5030,128.00 30,128.00 29,576.50Expense Total:98.17 %
0.00-551.500.00 0.00 0.00Fund: 434 - Sewer Debt Service Surplus (Deficit):0.00 %
Fund: 500 - Equipment Rental and Revolving
Revenue
00 - Revenues 1,813,302.6431,628.223,479,632.00 3,479,632.00 -1,666,329.36 47.89 %
1,813,302.6431,628.223,479,632.00 3,479,632.00 -1,666,329.36Revenue Total:47.89 %
Expense
10 - ER&R 215,492.9321,553.031,481,822.00 1,481,822.00 1,266,329.07 85.46 %
215,492.9321,553.031,481,822.00 1,481,822.00 1,266,329.07Expense Total:85.46 %
1,597,809.7110,075.191,997,810.00 1,997,810.00 -400,000.29Fund: 500 - Equipment Rental and Revolving Surplus (Deficit):20.02 %
Report Surplus (Deficit):821,290.70 4,927,049.65-2,184,374.00 -2,184,374.00 7,111,423.65 325.56 %
8/23/2019 12:17:38 PM
Budget Report
City of Port Orchard Group Summary
For Fiscal: 2019 Period Ending: 07/31/2019
Fiscal
Activity
Variance
Favorable
(Unfavorable)
Period
Activity
Current
Total Budget
Original
Total Budget
Percent
RemainingAccount Type
Fund: 302 - Capital Construction
Revenue 296,419.94204,642.87818,000.00 818,000.00 -521,580.06 63.76 %
Expense 506,615.3767,018.95500,000.00 500,000.00 -6,615.37 -1.32 %
-210,195.43137,623.92318,000.00 318,000.00 -528,195.43Fund: 302 - Capital Construction Surplus (Deficit):166.10 %
Fund: 304 - Street Capital Projects
Revenue 3,035,409.626,023.275,325,094.00 5,325,094.00 -2,289,684.38 43.00 %
Expense 2,348,760.09744,679.064,882,500.00 4,882,500.00 2,533,739.91 51.89 %
686,649.53-738,655.79442,594.00 442,594.00 244,055.53Fund: 304 - Street Capital Projects Surplus (Deficit):-55.14 %
Fund: 403 - Water-Sewer Cumulative Reserve
Revenue 10,287.561,417.034,867,000.00 4,867,000.00 -4,856,712.44 99.79 %
Expense 4,867,000.000.004,867,000.00 4,867,000.00 0.00 0.00 %
-4,856,712.441,417.030.00 0.00 -4,856,712.44Fund: 403 - Water-Sewer Cumulative Reserve Surplus (Deficit):0.00 %
Fund: 413 - Water Capital
Revenue 3,320,468.603,982.625,968,000.00 5,968,000.00 -2,647,531.40 44.36 %
Expense 1,418,114.95172,547.244,050,000.00 4,050,000.00 2,631,885.05 64.98 %
1,902,353.65-168,564.621,918,000.00 1,918,000.00 -15,646.35Fund: 413 - Water Capital Surplus (Deficit):0.82 %
Fund: 423 - Storm Drainage Capital Facil
Revenue 13,359.521,696.08670,440.00 670,440.00 -657,080.48 98.01 %
Expense 340,451.21299,647.46168,800.00 168,800.00 -171,651.21 -101.69 %
-327,091.69-297,951.38501,640.00 501,640.00 -828,731.69Fund: 423 - Storm Drainage Capital Facil Surplus (Deficit):165.20 %
Fund: 433 - Sewer Capital
Revenue 3,070,708.445,366.307,314,000.00 7,314,000.00 -4,243,291.56 58.02 %
Expense 540,079.73337,601.745,696,600.00 5,696,600.00 5,156,520.27 90.52 %
2,530,628.71-332,235.441,617,400.00 1,617,400.00 913,228.71Fund: 433 - Sewer Capital Surplus (Deficit):-56.46 %
Report Surplus (Deficit):-1,398,366.28 -274,367.674,797,634.00 4,797,634.00 -5,072,001.67 105.72 %
CAPITAL PROJECTS_______________________________________________________________________________________________________________________________________________________
Detail Report Date Range: 07/01/2019 - 07/31/2019
8/23/2019 10:05:06 AM
Cash and Investment Fund Summary
Ending BalanceBeginning BalanceFund Total Activity
001 - Current Expense 5,310,454.63 5,593,015.63282,561.00
002 - City Street Fund 598,500.34 558,644.79-39,855.55
003 - Stabilization Fund 1,146,753.87 1,149,116.002,362.13
103 - Criminal Justice 430,900.56 458,203.2627,302.70
104 - Special Investigative Unit 81,323.77 81,611.86288.09
107 - Community Events 174,732.87 180,631.975,899.10
108 - Paths & Trails 9,147.61 9,276.12128.51
109 - Real Estate Excise Tax 2,453,238.27 2,549,881.4796,643.20
111 - Impact Mitigation Fee 1,687,424.41 1,738,144.3850,719.97
206 - Bond Redemption Fund 2,982.00 0.00-2,982.00
302 - Capital Construction 895.65 138,519.57137,623.92
304 - Street Capital Projects 3,512,404.70 2,773,748.91-738,655.79
401 - Water-Sewer Utilities 1,412,604.22 1,415,462.952,858.73
403 - Water-Sewer Cumulative Reserve 711,297.64 712,714.671,417.03
411 - Water Operating 993,079.41 1,099,094.42106,015.01
412 - Water Stabilization 100,206.35 100,417.46211.11
413 - Water Capital 2,070,918.27 1,902,353.65-168,564.62
414 - Water Debt Service 551.50 0.00-551.50
421 - Storm Drainage Utility 1,665,749.71 1,756,889.7291,140.01
422 - Storm Drainage Stabilization 166,037.96 166,387.76349.80
423 - Storm Drainage Capital Facil 940,562.62 642,611.24-297,951.38
424 - Storm Drainage Debt Service 0.00 0.000.00
431 - Sewer Operating 1,302,973.72 1,490,548.14187,574.42
432 - Sewer Stabilization 294,453.49 295,073.84620.35
433 - Sewer Capital 2,862,864.15 2,530,628.71-332,235.44
434 - Sewer Debt Service 551.50 0.00-551.50
500 - Equipment Rental and Revolving 2,268,094.00 2,278,169.1910,075.19
631 - Trust and Agency 9,489.75 8,517.95-971.80
632 - Wastewater Treatment Facil Fee 2,563,000.67 2,568,268.585,267.91
Grand Total:32,771,193.64 32,197,932.24-573,261.40
_______________________________________________________________________________________________________________________________________________________________________________