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Agenda Item 4ABUILDING DEPT. MONTHLY ACTIVITY REPORT COMPARISON REPORT REPORT FOR THE MONTH APRIL 2014 COMPARISION 2013 -2014 PERMIT TYPE NUMBER OF PERMITS I I TOTAL INSPECTIONS YTD 2013 YTD 2014 YTD2013 YTD 2014 YTD 2013 YTD 2014 SINGLE FAMILY 3 I 9 I $ 434,550.00 $2,914,941.00 DUPLEX 0 ! 0 $ -$0.00 REMODEUADDITIONS 110 i 181 I $ 1,524,783.00 $1 ,548,896.00 COMMERCIAL NEW 0 I 1 $ -$ 43,000.00 I I OTHER I 729 I 617 $ 4,561,062.00 $ 2,909,844.00 I TOTAL 1 842 I 808 $ 6,520,395.00 $7,416,681.00 1706 I 1512 PERMITS ISSUED FOR THE MONTH OF APRIL 2014 NO. PERMITS PERMIT COST CONSTRUCTION VALUE INSPECTIONS PERFORMED SINGLE FAMILY ! 1 [$ 957.00 $ 258,900.00 BUILDING 209 NEW DUPLEX MULTI FAM I 0 $ -$ -ELECTRICAL 58 I RESIDENTIAL ADDITIONS I 4 $ 1,610.00 $ 364,000.00 PLUMBING 54 RESIDENTIAL ALTERATIONS 15 $ 1,385.00 $ 123,420.00 MECHANICAL 53 COMMERCIAL NEW 1 $ 265.00 $ 43,000.00 MISC. 13 COMMERCIAL ADDITIONS 0 \$ -$ - COMMERCIAL ALTERATIONS 3 !$ 1,350.00 $ 334,000.00 TOTAL 387 PERMITS MISC 5 \$ 914.00 $ 41,886.00 ELECTRICAL I 35 I$ 3,134.00 $ -Projects to Note: New Du~lex MECHANICAL GAS 3 I$ 310.00 $ -None MECHANICAL HVAC I 38 $ 3,740.00 $ - PLUMBING I 39 $ 4,958.00 $ - ROOFING 25 $ 2,470.00 $ 236,191.00 Projects to Note: New Dwelling WINDOW/DOOR 12 $ 870.00 $ 49,935.00 AddressNaluation DEMOLITION 3 :!1 .1UU.UU i1) -830 Paradise ln $ 258,900.00 REINSPECTION FEES 12 $ 660.00 $ - PERMIT RENEWALS 0 $ -$ - OCCUPANCY INSPECTIONS 0 $ -$ - PENALTY FEES 0 $ -$ - SIGNS 1 $ 95.00 1 $ - FENCES 11 $ 420.00 $ - DRIVEWAYS I 6 $ 210.00 $ - SIDING 6 $ 565.00 $ 51,250.00 I POOL I 1 $ 250.00 $ 40,000.00 PLAN CHECK FEES 41 $ 3,598.00 $ - TOTAl 262 $ 28,061.00 $ 1 ,542,582.00 ---~----____ I_ I • • . • • > 0 '""2 :.i2o tr:l> \0 ...... " ...., Ntr:l 8~ """""' > AGENDA ITEM# 4A City of Atlantic Beach JUNE 9, 2014 FINANCIAL REPORT April 2014 Cash Balances Prior Current Dollar Percent Fund(s) 03/31/14 04/30/14 Change Change General $ 8,687,919 $ 8,121,130 $ (566,790) -6.52% Tree Replacement 10,949 12,321 1,372 12.53% Convention Development Tax 61,749 68,679 6,929 11.22% Local Option Gas Tax 156,428 170,894 14,465 9.25% Better Jax 1/2 Cent Sales Tax 368,810 381,901 13,091 3.55% Police Training, Forfeiture, Grants, etc. 107,197 122,542 15,345 14.31% Community Development Block & ARRA Grants (952) (849) 103 0.00% Debt Service 0.00% Capital Projects 2,902,996 2,903,650 654 0.02% Utility 5,480,503 5,160,871 (319,632) -5.83% Sanitation 724,137 724,238 101 0.01% Building Code Enforcement 201,668 213,232 11,564 5.73% Storm Water 1,792,065 1,765,593 (26,472) -1.48% Pension -Police 63,881 6,501 (57,380) -89.82% Pension -General 220,943 (1 ,589) (222,531) -100.72% Total $ 20,778,295 $ 19,649,113 $ (1,129,181) -5.43% Total Restricted Cash 7,403,374 Total Unrestricted Cash $12,245,7 40 Cash and Investments Annual Prior Current Dollar Percent Account Yield 03/31/14 04/30/14 Change Change Bank of America-Depository $ 3,807,389 $ 2,666,068 $ (1,141,321) -29.98% Guggenheim Floating Rate A 4.00% * 3,680,750 3,681,952 1,202 0.03% Hartford Floating Rate Bond A 3.34% * 2,526,108 2,525,849 (258) -0.01% lnvesco Floating Rate A 3.96% . 3,650,288 3,653,966 3,678 0.10% Main Stay Short Term Duration High Yield A 2.92% * 2,556,074 2,558,590 2,516 0.10% Legg Mason WA Cash Reserve Fund 1,777 1,778 1 0.03% First Trust Short Duration High Income A 3.53% * 2,014,204 2,014,546 342 0.02% Putnam Diversified Inc. 4.59% . 1,277,077 1,278,224 1 '147 0.09% Alliance Limited Duration High Income A 2.26% . 1,261 '130 1,264,640 3,510 0.28% MSSB Money Market/Cash 0.00% SBA-Florida Prime 348 350 2 0.57% Cash on Hand 3,150 3150 0.00% Subtotal $ 20,778,295 $ 19,649,113 $ (1,129,181) -5.43% Police Pension Investments $ 8,025,662 $ 8,075,952 $ 50,290 0.63% General Pension Investments 14,607,886 14,844,818 236,932 1.62% Subtotal $ 22,633,549 $ 22,920,770 $ 287,222 1.27% Total $ 43,411,843 $ 42,569,883 $ (841,960} -1.94% * Denotes the 30 day SEC Yield Anualized AGENDA ITEM# 4A JUNE 9, 2014 City of Atlantic Beach FINANCIAL REPORT April2014 Revenues Annual YTD-58.33% YTD Dollar Fund I (Footnote) Estimate of Estimate Actual Variance General (1) $ 10,931,117 $ 6,376,485 $ 8,107,353 $ 1,730,868 Convention Development Tax 80,300 46,842 56,737 9,895 Local Option Gas Tax 421,009 245,589 242,814 (2,775) Better Jax 1/2 Ct Sales Tax 694,870 405,341 411,835 6,494 Police Training, Forfeiture & Grants, etc. 110,041 64,191 78,584 14,393 Grants (2) 75,000 43,750 7,641 (36, 109) Capital Projects (3) 495,000 288,750 230,989 (57,761) Utility 8,611,203 5,023,202 4,754,310 (268,892) Sanitation 1,789,000 1,043,583 1,054,559 10,976 Building Code Enforcement (4) 281,550 164,238 250,183 85,945 Storm Water 1 '155,000 673,750 728,705 54,955 Pension -Police (5) 1,329,681 775,647 843,337 67,690 Pension -General (5) 2,190 980 1 278 072 1,435,950 157,878 Total $ 28,164,751 $ 16,429,438 Analysis of Major Variances (Variances >$25,000 AND 10.00%) $ 18,202,996 $ 1,773,557 In general, the major variances are created when the actual funds received-to-date are different from the percentage of the budget elapsed-to-date. They are as follows: (1) The positive variance In the General Fund is mostly due to the timing of property tax receipts. The bulk of the receipts come in November and December. (2) The city has not received expected grant monies from CDBG; therefore there is a negative variance in Grants. (3) The city has not received expected grant monies from the State of Florida nor the City of Jacksonville; therefore there is a negative variance in Capital Projects. (4) Building Code Enforcement permit activity is running above projected revenues, similar to surrounding jurisdictions and counties. (5) The $67,690 and $157,878 positive variances in the Pension Fund-Police and Pension Fund-General, respectively, resulted from changes in market values of the investments of more than the anticipated amount. Percent Variance 27.14% 21.12% -1.13% 1.60% 22.42% -82.53% -20.00% -5.35% 1.05% 52.33% 8.16% 8.73% 12.35% 10.79% City of Atlantic Beach FINANCIAL REPORT April2014 Expenses Annual YTD • 58.33% YTD Dollar Department I (Footnote) Estimate of Estimate Actual Variance Governing Body $ 42,933 $ 25,044 $ 23,256 $ 1,788 City Administration 2,647,720 1,544,503 1,391,319 153,184 General Government (1) 640,119 373,403 418,599 (45, 196) Planning and Building (2) 434,709 253,580 202,014 51,567 Public Safety (3) 5,691,716 3,320,168 2,874,734 445,433 Recreation and Special Events 396,901 231,526 199,527 31,999 Public Works (4) 7,867,886 4,589,600 3,049,375 1,540,225 Public Utilities (5) 10,765,012 6,279,590 5,331,894 947,697 Pension -Police 751,628 438,450 446,843 (8,394) Pension -General (6) 852,850 497,496 580,432 (82,936} Total $ 30,091,474 17,553,360 14,517,992 $3,035,368 Annual YTD • 58.33% YTD Dollar Resource Allocation Estimate of Estimate Actual Variance Personnel Services (1 ,3) $ 9,486,593 $ 5,533,846 $ 5,015,518 $ 518,328 Operating Expenses (1-4) 10,702,789 6,243,294 5,404,209 839,084 Capital Outlay (1 ,4) 5,824,304 3,397,511 1 '116, 120 2,281,390 Debt Service (2,4) 2,448,768 1,428,448 2,031,881 (603,433) Transfers Total $ 1,629,020 950,262 30,091,474 $ 17,553,360 $ Analysis of Major Variances (Variances >$25,000 AND 10.00%) 950,262 14,517,990 $ 3,035,370 In general, the major variances are a result of timing differences created between the percentage of budget elapsed-to-date and actual expenditures. They are as follows: (1) The negative variance in General Government resulted from the budget for insurance premiums, other than health, and debt service being prorated over twelve months when budgeted, but expensed when paid -insurance in October and SunTrust '99 debt payoff in December. (2) The positive variance in Planning and Building resulted from a vacant position for a Redevelopment and Zoning Coordinator. The position has been vacant since the beginning of the fiscal year. (3) The positive variance in Public Safety was partially due to the budget proration practice mentioned above -Fire contract with COJ is billed quarterly in arrears (approximately $260,000 in January); and, lifeguard expenditures will appear seasonally during April-September. The remaining variance is due to turnover/unfilled positions in the Police Patrol and Crime Suppression divisions. (4) The positive variance in Recreation and Special Events is due to a vacant position at the Donner Park Community Center; additionally, personnel costs have been lower in FY14. (5) The variance in the Public Works Department was due to: project activity budgeted that has not been started/completed -see Project Activity schedule; only three payments recorded to the trash hauler and fleet maintenance provider (October payments for September activity were recorded in FY13 for year-end cut-off); Storm Water Fund debt payments were expensed in October when paid, but prorated for budget purposes; and minimal expenses have been incurred towards the Parks Master Plan consultant or the resurfacing/street paving program. (6) The positive variance in the Public Utilities Department is due to budgeted project activity that has not been started/completed. (7) The negative variance in Pension -General resulted from a doubling from three to six DROP participants with higher benefits. AGENDA ITEM# 4A JUNE 9, 2014 Percent Variance 7.14% 9.92% -12.10% 20.34% 13.42% 13.82% 33.56% 15.09% -1.91% -16.67% 17.29% Percent Variance 9.37% 13.44% 67.15% -42.24% 0.00% 17.29% City of Atlantic Beach AGENDA ITEM# 4A JUNE 9, 2014 FINANCIAL REPORT April 2014 Project Activity-Current Year Activity Only Project YTD YTD Project Name Number Budget Actual Balance Status Public Safety: Kennel Improvements PS1401 40,000 40,000 s Life Guard Building Improvements PS1402 6,000 6,000 s $ 46 000 $ $ 46 000 Public Utilities: Reclaim Water Plant PU0805 1,352,269 398,443 953,826 I Replace the Water Main on Pine Street PU1304 53,199 53,199 c Replace 4" Water Main at Won derwood and Finegan PU1305 58,852 58,852 c PT Repair at Lift Station C PU1306 10,280 10,280 B Repair 24" Effluent Force Main PU1308 5,260 5,260 0 c Repair 12" Force Main PU1309 3,363 3,363 0 c Water Plant #2 Tank Rehabilitation PU1401 125,000 125,000 A Water Plant #2 Rehabilitation GST PU1402 100,000 100,000 I AC Main Sea Oats PU1403 190,000 190,000 R lnline Valve Installations PU1404 50,000 50,000 I Manhole Replace Saturiba PU1405 86,000 86,000 B Sewer Rehabilitation Saturiba PU1406 190,000 190,000 I Donner Subd Sewer Upgrade PU1407 155,000 155,000 D Effluent Outfall Replacement PU1408 137,264 2,325 134,939 E Effluent Pump at WWTP PU1409 50,000 33,940 16,060 I Connect A1A at Mallard Cove PU1410 130,000 130,000 E Subtotal $2,696,487 $ 555,382 $ 2,141,105 Parks Maintenance: Marsh Master Plan Signs PM1301 625 625 c Rose Park Development PM1302 237,440 195,920 41,520 I Russell Park Tennis Courts 1-2 PM1401 100,000 100,000 s Bull Park Gazebo PM1402 X Donner Park Ball field Improvements PM1403 75,000 75,000 I Electric Gate at Dutton Island Park PM1404 8,000 I Marsh Project Pedestrian Path PW1408 150,000 9,941 140,060 E March Overlook and Kayak Launch PW1409 293,000 293,000 E Marsh Preserve Path PHZ-1 PW1410 42,000 41,628 372 c Subtotal $ 906,065 $ 248,114 $ 649,952 Public Works: Dutton Isle Road Sidewalks PW1301 65,263 849 64,414 B East Coast Drive Drainage Improvements PW1306 323,046 77 322,969 I Fountain PW1402 7,500 7,500 E Welcome Sign PW1403 11,000 5,579 5,421 E Robert Street Ditch PW1404 50,000 50,000 E Sidewalk and Curbs PW1405 25,000 497 24,503 I Salt Air Drainage and Sidewalk Improvements PW1406 380,000 39,031 340,969 E Seminole Road Improvements PW1407 560,000 54 559,946 E Canopy Replacement on PW Building PW1413 75,000 75,000 E Subtotal $ 1,496,809 $ 46,087 $ 1,450,722 Total $5,145,361 $ 849,583 $ 4,287,779 Status Key A-Bid/RFP Advertised I -Project In-progress B -Bid Awarded N -Complete/Non-Capital C -Project Completed R-Re-budget Next Fiscal Year OR Re-Evaluated D -Design Completed S -Staff Researching DE -Deferred X-Project Cancelled E -Design Phase