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Agenda Item 4A- Monthly ReportsPermits Issued 2017 Single Family/SF Attached 111 Duplex 1 Multi-Family 0 Residential Addition 46 Residential Accessory N/A Residential Alteration N/A Demolition 40 Commercial New 1 Commercial Addition 1 Commercial Accessory N/A Commercial Alteration 9 Other 2333 TOTAL 2542 Building Department Monthly Activity Report December 2017 Building Permit Fees Construction Value 2018 VTD 2017 2018 VTD 2017 31 $107 ,281 .99 $32 ,743 .00 $32 ,571 ,393.60 0 $780 .00 $0 .00 $200,000.00 0 $0 .00 $0 .00 $0.00 7 $8,787.45 $1,039 .00 $1,347,678 .77 7 N/A $505 .00 N/A 76 N/A $11 ,958.50 N/A 4 $5 ,147 .00 $400 .00 -$332,530.00 0 $4,540.00 $0.00 $1,850,000 .00 0 $3 ,280 .00 $0.00 $1,300,000 .00 0 N/A $380 .00 N/A 11 $2,159 .00 $4,537 .90 $436,817 .00 506 $248,385.55 $54,195 .85 $17,276,461 .50 642 $380,360.99 $105,759.25 $55,314,880.87 Inspections Performed 2018 VTD Type 2017 $8,634,953 .00 Building 3612 $0.00 Roof 1095 $0.00 Electrical 1016 $142 ,602 .00 Mechanical 850 $27 ,509 .84 Plumbing 883 $1,303,414 .00 New Business 15 $37,000.00 TOTAL 7471 $0 .00 $0 .00 $0 .00 $1,374,493 .00 $2,962 ,875 .58 $14,482,847.42 I Permits Issued December 2017 I No. Issued Single Family/SF Attached 5 Duplex/ Multi-Family 0 Residential Addition 5 Residential Accessory 1 Residential Alteration 19 Comm. Alter/Additon/New 6 Demolition 0 Swimming Pool 2 Roof 38 Driveway/ ROW 7 Fence/ Wall/ Barrier 11 Electrical 30 Mechanical 35 Plumbing 11 Sign 1 Fire 0 Civil and Site 1 Other Misc. 20 TOTAL 192 Building Construction Permit Fees Value $6 ,866 .00 $1 ,939,415.30 $0 .00 $0.00 $584.00 $73 ,072 .00 $75.00 $4,700.00 $2 ,909 .50 $310,459 .00 $1 ,204 .90 $187,150.00 $0.00 $0.00 $616 .00 $108,300.00 $4,265 .00 $459 ,144.39 $60.00 $10,851.00 $574.34 $28,886.00 $2 ,571.60 $35 ,025.00 $3 ,758.21 $147,442.00 $1,535.00 $0 .00 $143 .80 $2,200.00 $0.00 $0 .00 $930.00 $250,000.00 $1,995.00 $166,010.00 $28 ,088 .35 $3 ,722 ,654 .69 [ Fees Collected December 2017 -l Re-lnspection Fees State Surcharges City Surcharge Retained Building Plan Check Fees Inspections Performed December 2017 Building Roof Electrical Mechanical Plumbing New Business TOTAL Commercial Projects to Note: Residential Projects to Note: $1,485 .00 $1 ,164.07 $116.41 $7,693 .50 279 122 68 73 45 0 587 2018 VTD 853 383 206 182 157 0 1781 Agenda Item 4A January 22, 2018 City of Atlantic Beach FINANCIAL REPORT November 2017 Revenues Annual YTD YTD Dollar Fund I (Footnote) Estimate Estimate Actual Variance General $ 12,829,454 $ 2,138,188 $ 2,012,131 $ Convention Development Tax 138,366 23,060 33,515 Local Option Gas Tax 471,901 78,650 119,472 Better Jax 1/2 Ct Sales Tax 939,898 156,648 204,879 Police Training, Forfeiture & Grants 87,636 14,598 25,075 Capital Projects 333,569 55,594 50,498 Utility 9,345,264 1,557,520 1,497,085 Sanitation 1,925,541 320,920 323,966 Building Code Enforcement 531,587 88,594 102,997 Storm Water Pension -Police Pension -General 1,482,003 247,000 190,007 1,113,197 185,524 162,063 2,595,711 432,616 363,157 Total $ 31,794,127 $ 5,298,912 $ 5,084,845 $ Analysis of Major Variances 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. Highlighted variance explanations follow: General Fund revenues show a net negative variance of ($126,057). Most of this variance is due to the timing of receipt of ad valorem taxes, the majority of which will be received in December. (126,057) 10,455 40,822 48,231 10,477 (5,096) (60,435) 3,046 14,403 (56,993) (23,461) (69,459} (214,067) Percent Variance -5.90% 45.34% 51.90% 30.79% 71.77% -9.17% -3.88% 0.95% 16.26% -23.07% -12.65% -16.06% -4.04% Agenda Item 4A January 22, 2018 City of Atlantic Beach FINANCIAL REPORT November 2017 Expenses Annual YTD YTD Dollar Percent Department Estimate Estimate Actual Variance Variance Governing Body $ 47,760 $ 7,952 $ 4,827 $ 3,125 39.30% City Administration 2,984,938 497,420 424,505 72,915 14.66% General Government 2,667,288 436,032 177,728 258,304 59.24% Planning and Building 980,453 163,358 90,420 72,938 44.65% Public Safety 6,270,852 1,045,058 685,202 359,856 34.43% Recreation and Beautification 1,428,481 238,026 167,283 70,743 29.72% Public Works 6,762,218 1,126,960 800,181 326,779 29.00% Public Utilities 10,918,627 1,819,644 2,083,843 (264,199) -14.52% Pension -Police 730,851 121,796 112,704 9,092 7.46% Pension -General 1,398,424 233,062 181,797 51,265 22.00% Total $ 34,189,892 $ 5,689,308 $ 4,728,490 $ 960,818 16.89% Annual YTD YTD Dollar Percent Resource Allocation Estimate Estimate Actual Variance Variance Personnel Services $ 11,005,105 $ 1,834,728 $ 1,484,647 $ 350,081 19.08% Operating Expenses 13,694,360 2,273,066 1,072,913 1,200,153 52.80% Capital Outlay 5,720,514 953,206 389,994 563,212 59.09% Debt Service 2,005,868 334,304 1,543,258 (1 ,208,954) -361.63% Grants and Aids 40,800 6,800 970 5,830 85.74% Transfers 1,723,245 287,204 236,708 50,496 17.58% Total $ 34,189,892 $ 5,689,308 $ 4,728,490 $ 960,818 16.89% Analysis of Major Variances In general, the major variances are a result of timing differences created between the percentage of budget elapsed-to-date and actual expenditures. Highlighted variance explanations follow: General Government had a positive variance of $258,304. Most of the variance is the result of capital projects and contractual services yet to get underway. Public Safety had a positive variance of $359,856. Majority of the variance consists of positive variances in the City of Jacksonville Fire Contract that is billed quarterly and large capital purchases. Public Works had a positive variance of $326,779. Most of the variance is the result of project activity budgeted that has not been started/completed. Public Utilities had a negative variance of ($264, 199) variance for the period. Most of the variance is the result of the City's largest annual debt payment being paid on October 1st. $1,185,000 Personnel Services had a positive variance of $350,081 variance for the period. The variance is a result of the timing of payroll and the first paycheck being partially accounted for in FY17. Operating Expenses had a positive variance of $1,200,153. Various contractual services contribute to this balance. The largest contracts are the Fire Contract (COJ), Sanitation Contract, and Road Paving. Capital Outlay had a positive variance of $563,212. Most of the capital and project expenditures occur in the middle to latter part of the fiscal year. Debt Service had a negative variance of ($1 ,208,954). The variance is the result of the City's largest annual debt payment being paid on October 1st. $1,185,000 Agenda Item 4A January 22, 2018 City of Atlantic Beach FINANCIAL REPORT December 2017 Cash Balances Prior Current Dollar Percent Fund(s) 11/30/17 12/31/17 Change Change General $ 6,388,219.78 $ 7,488,634.25 $ 1,100,415 17.23% Tree Replacement 44,758 52,468 7,710 17.23% Convention Development Tax 238,904 280,057 41,153 17.23% Local Option Gas Tax 377,248 442,231 64,984 17.23% Better Jax 1/2 Cent Sales Tax 706,250 827,906 121,656 17.23% Police Training, Forfeiture, Grants, etc. 102,886 120,609 17,723 17.23% Capital Projects 263,318 308,676 45,358 17.23% Utility 8,094,458 9,488,783 1,394,326 17.23% Sanitation 148,032 173,531 25,499 17.23% Building Code Enforcement 522,567 612,583 90,016 17.23% Storm Water 1,969,556 2,308,825 339,269 17.23% Pension -Police 11,034,789 11,224,609 189,818 0.00% Pension -General 22,939,292 23,130,793 191 500 0.83% Total $ 52,830,277 $ 56,459,705 $ 3,629,427 6.87% Total Restricted Cash 43,030,199 Total Unrestricted Cash $13,429,506 Cash and Investments Prior Current Dollar Percent Account 11/30/17 12/31/17 Change Change Bank of America -Depository $ 3,170,351 $ 6,510,282 $ 3,339,931 105.35% Corporate Fixed Income -Morgan Stanley 5,024,992 4,995,772 (29,220) -0.58% Government Securitites -Morgan Stanley 11,055,630 11,098,051 42,421 0.38% Cash, BDP. MMF -Morgan Stanley 98,748 83,240 (15,508) -15.71% SBA -Florida Prime 22,985 22,985 0.00% Cash on Hand 3,150 3,150 0.00% Subtotal $ 19,375,856 $ 22,713,480 $ 3,337,624 17.23% Police Pension Investments $ 10,605,421 $ 10,721,278 $ 115,857 1.09% General Pension Investments 22,849 001 23,024,948 175 947 0.77% Subtotal $ 33,454,422 $ 33,746,226 $ 291,804 0.87% Total $ 52,830,277 $ 56,459,705 $ 3,629,427 6.87% Agenda Item 4A January 22, 2018 City of Atlantic Beach FINANCIAL REPORT December 2017 Revenues Annual YTD YTD Dollar Fund I {Footnote) Estimate Estimate Actual Variance General $ 12,829,454 $ 3,207,282 $ 5,848,363 $ Convention Development Tax 138,366 34,590 45,961 Local Option Gas Tax 471,901 117,975 160,937 Better Jax 1/2 Ct Sales Tax 939,898 234,972 378,558 Police Training, Forfeiture & Grants 87,636 21,897 28,547 Capital Projects 333,569 83,391 75,745 Utility 9,345,264 2,336,280 2,240,797 Sanitation 1,925,541 481,380 482,913 Building Code Enforcement 531,587 132,891 141,089 Storm Water Pension -Police Pension -General 1,482,003 370,500 288,609 1 '113, 197 278,286 189,818 2,595,711 648,924 191,500 Total $ 31,794,127 $ 7,948,368 $ 10,072,837 $ Analysis of Major Variances 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. Highlighted variance explanations follow: General Fund revenues show a net positive variance of $2,641,081. Most of this variance is due to the timing of receipt of ad valorem taxes, the majority of which will be received in December. Pension Fund-General revenues show a net negative variance of ($457,424). This variance is due to returns not being on par with projections. 2,641,081 11,371 42,962 143,586 6,650 (7,646) (95,483) 1,533 8,198 (81 ,891) (88,468) (457,424} 2,124,469 Percent Variance 82.35% 32.87% 36.42% 61.11% 30.37% -9.17% -4.09% 0.32% 6.17% -22.10% -31.79% -70.49% 26.73% Agenda Item 4A January 22, 2018