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Me m o r an d um

DATE July 29, 201 1

TO T he H on ora ble Mayor and M em ber s of the City Council

SuBJEcT Fin anc ial

Fo re cas t R ep ort

For your information , at tac hed is th e financial fore cas t for FY 201 0-1 1 ,information thr oug h May. G en eral Fun d re ven ue s are pr o je cted to be $391 ,bud ge t an d expen d it ur es are pro jec te d to be $1,3 00, 000 below bu dg et.

Th e Ge ner al Fund is b e lo w bud get as a resu lt of de lays in hiring offse t by han ti ci pate d pr ice s for fuel. This exp ens e will be m onito red clo sel y and may reqad jus tm ents to th e for eca st as we pro cee d fu rthe r into th e fiscal ye ar.

We wiN co nti nue to cl ose ly monitor reve nue s and exp end itu re s an d kee p you inf/ /

/V

Mary K . Suh mCity Ma nag er

At ta ch m ent

C: AC. Gonzales, First Assistant City ManagerRyan S. Evans, Assistant City ManagerJill A. Jordan, P.E., Assistant City ManagerForest Turner, Assistant City ManagerJoey Zapata, Interim Assistant City ManagerJe a nn e Chipperfield, Chief Financial Officer

CITY OF

DR

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COMPARISON OF 2010-11 REVENUES AND EXPENDITURESAS OF MAY 31, 2011

(000s)

YEAR-ENDITEM BUDGET YEAR TO DATE FORECAST

Revenues $1,001,318 $756,249 $1,000,927

Expenditures $1,008,873 $646,202 $1,007,573

Sub Total ($7,555) $110,047 ($6,646)

Use of one time resources $7,555 $7,555

Net Excess/(Deficiency) of RevenuesOver Expenditures and Transfersto Reserves ($0) $909

GENERAL FUND

FINANCIAL FORECAST REPORT

FY 2010 11

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FY 2010-11AS OF MAY 31, 2011

GENERAL FUND

Revenues Total General Fund revenues are estimated to be $391,000 below budget.

o Oncor Electric revenues are projected to be $3,584,000 above budget primarily due to aconsumption as a result of abnormal fall and winter weather.

o AT&T Telephone revenues are projected to be $1,651,000 below budget due to customers switproviders and also switching to wireless service. The general decline in the economy alreduction in business phone lines.

o Other franchise revenues are projected to be $2,197,000 above budget due to higher than budgefrom growth in fiber optic and AT&T U-verse franchise fees.

o Interest revenues are projected to be $1,498,000 below budget due to lower than budgeted in

o Parking Fines are projected to be $342,000 below budget due to reduced citations.

o Red Light Camera revenues are projected to be $943,000 below budget due to decreased cdelays in adding and relocating cameras.

o Public Library revenues are projected to be $67,000 below budget due to reduced collection

o Park revenues are projected to be $1,107,000 above budget due to revenue received from clavarious recreation centers.

o Private Disposal revenues are projected to be $5,848,000 below budget primarily due toimprovement to the general economy, and to the construction industry in particular, which cgreatest portion of the revenue from commercial customers. The trend in commercial businessrecycle wastes has also decreased the waste stream accepted at the city landfill.

o Emergency Ambulance revenues are projected to be $3,700,000 below budget due to delays assthe conversion to the new billing and collection agency.

o Security Alarm revenues are projected to be $495,000 below budget primarily due to less thfees for false calls.

o Vital Statistics revenues are projected to be $296,000 below budget due to a decrease in th

requests for birth and death certificates.o Other Charges for Services are projected to be $2,677,000 below budget primarily due to d

inspection fees as a result of improved compliance in multi-family, restaurant, and non-owproperties.

o Interfund Revenue is projected to be $2 889 000 below budget due to decreased transfers fro

FINANCIAL FORECAST REPORT

FY 2010 11

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FY 2010-11AS OF MAY 31, 2011

o Judiciary is projected to be $154,000 below budget primarily due to delays in hiring andimplementation of the Night Court.

o Sustainable Development and Construction is projected to be $110,000 below budget primarilyin hiring.

o Trinity Watershed Management is projected to be $98,000 above budget due to legal expenses rTrinity River Corridor Project.

PROPRIETARY

o Sustainable Development/Construction revenues are projected to be $1,763,000 above budgincrease in construction activity.

o Equipment Services revenues and expenses are projected to be $3,807,000 and 3,749,000, rabove budget primarily due to higher than budgeted fuel prices and increased body shop cocharged back to the customer department.

o Express Business Center revenues are projected to be $399,000 above budget primarily due to anthe sale value of vehicles sold at auto pound and scrap metal sales.

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REVENUES YEAR-ENDBUDGET YEAR TO DATE FORECAST

TAXESAd Valorem Tax $435,785 $434,144 $439,983 Sales Tax $204,810 $106,316 $212,114

FRANCHISE REVENUES

Oncor Electric $46,641 $38,767 $50,225 AT&T $19,668 $9,087 $18,017 Atmos Energy $11,355 $7,770 $11,775 Time Warner Cable $6,000 $3,390 $5,995 Other $13,486 $8,191 $15,683 TOTAL TAXES & FRANCHISE REVENUES $737,745 $607,666 $753,792

LICENSES AND PERMITS $9,893 $6,443 $9,427

INTEREST EARNED $2,413 $670 $915

INTERGOVERNMENTAL $6,312 $4,893 $6,599

FINES AND FORFEITURES Municipal Court $16,560 $10,243 $15,918 Vehicle Towing & Storage $7,774 $4,856 $7,602 Parking Fines $5,988 $2,642 $5,647 Red Light Camera Fines $8,344 $0 $7,401

Public Library $670 $359 $603 TOTAL FINES $39,337 $18,101 $37,171

CHARGES FOR SERVICE Sanitation Service $59,883 $40,637 $60,182 Parks $7,488 $5,085 $8,595 Private Disposal Fees $23,396 $10,625 $17,548 Emergency Ambulance $19,274 $8,123 $15,574 Security Alarm $4,650 $2,857 $4,155 Street Lighting $1,493 $493 $1,493 Vital Statistics $1,853 $1,042 $1,557 Other $19,344 $14,169 $16,667 TOTAL CHARGES $137,381 $83,031 $125,770

INTERFUND REVENUE $54,238 $24,779 $51,350

GENERAL FUNDFORECAST OF FY 2010-11 REVENUES

AS OF May 31, 2011(000s)

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BUDGET

EXPENDITURES

YEAR TO DATE

YEAR-END

FORECAST

B

DEPARTMENT

GENERAL FUNDFORECAST OF FY 2010-11 EXPENDITURES

AS OF JANUARY 31, 2011(000s)

GENERAL FUNDFORECAST OF FY 2010-11 EXPENDITURES

AS OF MAY 31, 2011(000s)

Building Services $20,888 $14,696 $20,813Business Dev/Procurement Svcs $2,088 $1,295 $2,067City Attorney's Office $9,944 $6,375 $9,794City Auditor's Office $2,107 $1,328 $2,100City Controller's Office $3,558 $2,327 $3,465

City Manager's Office $1,531 $1,216 $1,496City Secretary's Office $1,592 $1,061 $1,586Civil Service $1,022 $681 $1,031Code Compliance $26,846 $16,531 $26,783Court Services $10,999 $6,630 $10,515Elections $2,668 $1,089 $2,668Fire $195,822 $132,131 $195,996Housing / Community Services $7,450 $5,951 $7,427Human Resources $3,064 $2,232 $3,041

Independent Audit $772 $0 $1,072Judiciary $2,964 $2,256 $2,810Library $19,591 $13,248 $19,477Management Services $2,524 $2,444 $2,449Mayor and Council $3,618 $2,185 $3,594Non-Departmental $31,916 $22,070 $31,319Office of Cultural Affairs $12,530 $8,956 $12,478Office of Economic Development $505 $433 $498Office of Financial Services $1,539 $848 $1,482

Park and Recreation $63,700 $44,429 $63,700Police $403,070 $255,788 $401,884Public Works and Transportation $11,875 $11,857 $12,386Sanitation Services $72,773 $41,041 $74,028Street Lighting $17,338 $11,852 $17,161Street Services $49,002 $25,114 $48,952Sustainable Dev/Construction $915 $904 $805Trinity Watershed Management $151 $55 $249

OTHERAppraisal Districts $3,216 $3,216$3,258Dallas County Tax Collection $552 $552$576Jail Contract - Lew Sterrett $5,411 $8,116$8,116

RESERVES AND TRANSFERS

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PROPRIETARY FUNDSFORECAST OF FY 2010-11 REVENUES AND EXPENDITURES

AS OF MAY 31, 2011

(000s)

BUDGET

EXPENDITURES

YEAR TO DATE

YEAR-END

FORECASTDEPARTMENT

REVENUES AND

Aviation

$47,007 $30,802RevenuesExpenses $47,007 $20,034Net Excess of Revenues

Over Expenses/Transfer $10,768

$45,801$45,801

$0 $0

Convention Center$58,636 $36,455Revenues

Expenses $58,636 $38,837

Net Excess of RevenuesOver Expenses/Transfer ($2,383)

$60,223$60,393

$0 ($170)

Municipal Radio Fund$2,717 $1,401Revenues

Expenses $2,717 $1,600Net Excess of Revenues

Over Expenses/Transfer ($199)

$2,787$2,628

$0 $158

Sustainable Dev/ Construction$17,298 $15,451Revenues



$19,060$16,531

$507 $2,529

Water Utilities$531,240 $304,855Revenues



$512,177$512,177

$0 $0

Communication & Information Svcs

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PROPRIETARY FUNDSFORECAST OF FY 2010-11 REVENUES AND EXPENDITURES

AS OF MAY 31, 2011

(000s)

BUDGET

EXPENDITURES

YEAR TO DATE

YEAR-END

FORECASTDEPARTMENT

REVENUES AND

Equipment Services

$44,933 $26,322RevenuesExpenses $44,933 $27,443Net Excess of Revenues

Over Expenses/Transfer ($1,122)

$48,741$48,682

$0 $58

Express Business Center$3,901 $2,770Revenues

Expenses $4,049 $2,596

Net Excess of RevenuesOver Expenses/Transfer $174

$4,301$4,185

($148) $115

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OTHER FUNDSFORECAST OF FY 2010-11 REVENUES AND EXPENDITURES

AS OF MAY 31, 2011

(000s)

BUDGET

EXPENDITURES

YEAR TO DATE

YEAR-END

FORECAST

B

DEPARTMENT

REVENUES AND

Employee Benefits $512 $252 $512

Risk Management $1,268 $756 $1,290

9-1-1 System Operations$13,457 $9,265Revenues


Over Expenses/Transfer ($454) $1,616

$13,753$13,575

$178

Storm Water Drainage$48,234 $33,535Revenues


Over Expenses/Transfer ($1,885) $10,944

$49,195$49,832

($637)

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EXPENDITURESAND REVENUES YEAR-END

DEBT SERVICE BUDGET YEAR TO DATE FORECAST

Beginning Balance $3,632 $0 $3,741

Revenues $259,660 $212,604 $253,059

Expenses $260,685 $187,800 $253,882

Ending Balance $2,607 $24,804 $2,918

DEBT SERVICE FUNDFORECAST OF 2010-11 REVENUES AND EXPENDITURES

AS OF MAY 31, 2011(000s)

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Beginning Balance October 1, 2010 $5,013,005

($1,576

Balance as of May 31, 2011 $3,436,886

CONTINGENCY RESERVE STATUS

Elections - Increase elections services contract with Dallas County(May 25, 2011, CR# 11-1390)

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Beginning Balance October 1, 2010 $8,574,065

Paid October 2010 ($28,1

Paid November 2010 ($93,5

Paid December 2010 ($1,117,42

Paid January 2011 ($60,3

Paid February 2011 ($570,5

Paid March 2011 ($463,4

Paid April 2011 ($388,

Paid May 2011 ($303,6

Balance as of May 31, 2011 $5,548,253

LIABILITY/CLAIMS FUND

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Documents

July 29, 2011 Memos