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Exh 4AAGENDA ITEM #4A APRIL 25, 2005 -~ 5' m -INS fnn--I~l'OC~--I-Z~ m O ~ -p ~ m ~ ~ '~~ m 'a ~ N Cn N rp ~ C7 n ~ ~ n m ~a-~Dmm~ o c~'n x ~ ~ <' ~ No m ~ ~ ~D vAi ~ ~ O -rim °~ Oamv ~ N ~ ~ v~zrn~~ w~~co~~ m N Ul ~ ~ ~_ ~ ~_ a. _ m N N~ rt _. m~ m Q~ c'U -~o ~ m ~D~...-, 3 ~ ~ ~ ~ ~ ~ N N ~ ~ (L] N d. ~. ~ N~ ~' N N N m O O n v ~O <~ ,~-., rn cn' ~ m co D ~ N N -~ ~ .~ (~ n ~ G ~ n x rmp ~ d Slr ~ m ~ n O ~ ? ~ m aN '"' ~ > vi cn ~ m m m ~ r m ~ rn N O O W D rt ~D N "~ v N O O N v N O O W -i r v N O O -0. v N O O CJfI D r' a~ Cn D ~ -n ~ O ~ O o ~ ( ~ C7 (~_ 1 ) Q~ ~ ~ 11J rp ~ rp ~" m ~ m m D ~ ~ ~ a m °1 _ N m N _ N ~ C ~ C ~ ~ ^' m N -, N I OD W .L1 -~ W (O .A. V 0 ~ O -+ (O N W -L V O V N W Cn N O ~ OD W .A -~ -- A W .A V 0 0 0 CJr --~ W (O ~ 0 N V 00 .A O c .a Oc Q V t\: ~' o ~ v ~ D ~ ~ C m ~ a ~ ~ n ~ "~ ~ ~ ~ N p N h ~ e~1~ ''G O ~ "h N '~ ~ ~ fD • ~ N ~ ~ O (p o , ~ A 0 '~ N 'i N D 3 d C1 S ~ O -I o j W 3 C> S '~ N -I °o 3 d C9 S { N I ~°or ~3 A~ n AGENDA ITEM #WA APRIL 25, 2005 C1 0 a co m 0 3 m cn -- ~ c m D ~ ~_ ~ ~ m ~ m Z 0 O C v cu A as n 0 0 C) D D D D v _. > > ~ ~ ~- v m w m m N ~ ~ C7 ~ v m o n~ N U, m °- m ~D a a o o ~ Q cn C w ~7 fll a' (D W CJ1 ~ .p W .A O N .A .A. O ~ ~ 0o N -~ O .A O .A -~ ~ CJ1 W .A W N ~1 OD O O CD O a) ~I N 0 0 N L "+ N D D V P 7 V 7 h n c~ -o 0 co ..; 0 D r: co N n ~ ~ ~ ~ ~' m ~ ~, -' o ~- O~~o'~ ~ v m ~ ~ m < ~ N n ~~;aim~ cn `~ o ~vDcna, ~ (D ~ ~ N ~ N ~ N~ N n. ~~c=ucn o N ~ Z N N N. ("~ (D N . ~ ~ (~ ~ a' a , NO n N O ~. . (D Q'~ p(Q °'o'afl-o ~m~~m co < ~ p~ Cn~Q,~~ m ~~ ~ o n to N cn ~ ~I O m v, v ~ ~ O N ~ N ~, l~D O U)~ .+ O~ 7 n fD -_h n N O 7 cn-I(~oD-IDD?t~ cn w rnom~.~oo tu-~ cn cn N ~ ~ ~" ~ ~ Q. ~ < ~ ~ ~ ~ ~ ~ ~ ~ co N 2 -i n C7 ~ ~ n ca ~ n = N n ~ ~ n ~ ~ ~ ~ N ~' ~ •~ ~ ~'~ ~ ~~j, ~ O 7 ~ n =0 ~ cn ~- N a ~ N ~, p o c m ^: n ~' Z ~ ~ v fl: o O .~.: (p ~ ~ ~ ~ 'i~ ~ N ~ ~• n ~' ~• ca -v m 0 -a m -~ ~ ~ -+ o ~ -+ ~ ~ -~ ~ ~ AGENDA ITEM #4A oma -~-r om~ -i- oma -i-r oma -i-r APRIL 252005 D v r_ N a v r_ ~ N2z a v r ~ 2 a v r_ frAZz zz _IN N ~N z 3 ~N 'tl _IN C. T -I T I ~ T Q 'fl ~ v ~' o ~ c w c w y. 0 A + O + + O+ N O N n ~~ O,,d ~ N W N W A N N W O W Q1 O Q~ N O N 0 0 0 + O+ + O+ ~N~~ ~N` V N (]I + O + N O N A N N tWD ~ O fa + N r O t0 ~• O O N N O O Q1 OD OD O fj~~`C9 ~9pi1 + NS, + W A - V1 + A V .ta W N O O ~~» ~da _ ~N~~ N O~ .D. N N O ~1 A W W N+ C~ N~~~ m ~~ 1 m + ~ Z dN` _ _ <O cD O O N A O Q~ A W+ N Q ,~OZ S`~N 3 ~S fT Of ~O W + N ~D A f7f W + N S~ 3nOSd r r ONi + + tND Cn A _ _ tD m W _ _ tD O (D 5~~~1N G1 N5~ ~~~~ z \La _ (WT N W W O1 N W A tO J- N N d~ 1 •~ m v oN wnN~S~ Sb'~9 o N N O ++ O O O O + O ~ `~~ YS N 1~ 3ydM +O+ +o+ o0 0 0O o ~ O N w~Nd ~ 1d p~1~ v + + _ _ N S O O QI V1 O CT + O + 0 0 0 M_a` -~ Y ~°N ; ~ ~ ~ ° o W `D w a s1dL° c , c i c a ~ ~ A y ~ moza-r~o3oc~ rn ~ ~^ c>z-ozm~v rn G)z-ramvva N O C~ ~ v Y v ~ v t o -I ~ cn ~ ~ ~ - o m c n ~ G~ c D n ~ O c ~ m m O O C _ z -l = om " Z c- ~ m G~ m ~ Z ~ ~ ~ m o O ~ m (7 C m O O Z m r ~ m O _ r zC C7 7 ) C ~ ~ v ~ i r 0 m ~~ ~O O rr ~ 3 Y -.%~i ~ v0 m ~ ~ ~ ~ = D W - i ~ ~ ~ cn Z ~ m ~ ~ m m ~ ~ mv Xm ~ ~d " ~ O ~ ~ ~ D Z 0 m v ~ z z O ~ m G) D ? ~ D ~ nC D ~ ~ t Y N 3 O Z , v C v 'D 0 < r D r ~ r m ~ o C r -I ~ p v - G C ~ u , n~ ~ O O ~ D ~ O o D r O cn ~ O - =i fl1 ° -~-~ ° r ~ m ~ r Z Y I (~ z A .~ I j „ , s o ~ ~ O ~ W A t 0 O N N W D 'fl A ~ ~ ~ N ( J I~ N W A ~ N ' A Vt .P N V j ~ W (N71 •a W ~ fD ~ A G1 ~ '~ O V) ~U TT W , N ~ -+ ~ O O C _ ~ V ~p I ~ A .p -i .s 0 .a 0 v N ~ Z /'~ ,..~ ~ Z C7 m ~ ~ rn c~ w+ ~- H- ~, ~ ~„ ~ ~„ ~, ~, ~- a - d- ~- ~- ~, a, ~ m ~ ~ ~ ' ~ ~ O ~ u o ~ v W ~ N ~, ~, ~ ~, ~ ~ v ~ rn ~ N A W W W O N V C) N ~ O T V ~ ~ ~ O fD T ~ O OD V W W W cD OD tp V •~ W ~ ~. f0 V W N O W ~ ~ O OOO O W W ~ O ~ C ~ rn Z ~ O 0 V 0 CJI 0 O 0 V O V C V p W 0 t0 0 O 0 (n 0 N CI O O N O 0 A 0 rn 0 "~ ~ ~ ~ T 2 ~~ O O O O O 0 0 0 0 0 0 O O O 0 0 lfl y to o a N N ~ W O ~ o 0 . i I' I I I i' I' I~ I~ I V O 0 0 ~ m 0 3~ O O c mcn-I "'~vzl= z o ln., n ~ m Z v oz ~oczi OI~I-+I IIOIOIOIOI-~ ~ V tD V tT O N O ~] O O Z N V tD W A -+~ O Qf tD fD OO _C) O Z ^ l . Q. N t0 O f0 00 ~ ~1 Q~ O V V ~ N D G C O O O C C Q ~] O 0 0 0 0 0 0 n ~ fiR t!f ~ fA EA d9 Efl O ~ EA M b°1 EA !fl ffl O / Z N ~ n D -< ~ ~ ~ 2 ~ ~ y C ~ ~ ~ c ~ ~ _ j0 Z •.. V ~ ~ ~ is as ~ i~, ~ :~ ~' o o ct+ Z 0 ~ v+ W ~+ rn ~ iv ~ < m <W7f A fWD A CNl l ~ ~ v m ~ co m t 0 o ~ m O rn V rn ~ V r ~ O m Of a O o t0 r oo Q w 1 t[7 y ..O O ~p W N O O l0 N O C' ~p ° O o O ° W C I O ° rn O o O io O 0 O 0 O 0 O o m O o o 0 0 o ~ ~ ~ n 2 3 ~ ~ m rm- c rm- m np c ..( -1 -{ 0 N v m m n = g ~ z v ~ v N p -I 0 o N Z Z ~ m z Z ao N ~ Cn ~ v o n D o m m ,A z c r r' n n -t -< m O -+ n W W V IO N A -~ f0 O A A W ~. A OO t0 Z V) V O D T ~ ~ AGENDA ITEM #-IA APRIL 25, 2005 City of Atlantic Beach, FI. Utility Sates Report ,. .:. March 2005 March 2004 F ,., _ ~` _ Gallons Actual Revenue Gallons Actual Revenue Water Sales Accounts (000) Revenue Per 1,000 gl Accounts (000) Revenue Per 1,000 gt ~ Beach Atlantic 5,503 41,943 $99,256 $2.37 5,509 41,000 $86,176 $2.10 Buccaneer 2,708 26,516 $69,222 $2.61 2,566 25,501 $56,474 $2.21 Total Water Sales .a . .: 8,211 „.,... 68,459 , . 5168,478 -; , 52.46 . ~ .: 8,075 .. ;, 66,501 $142,650 . ii $2.15, . A '.Y~ Water Plant Produc tion -,r, - _ . _ - .~. Gallons Gallons (aoo) (ooo) Atlantic Beach 56,818 53,082 Buccaneer 22,310 37,290 Total Production 79,128 90,372 Total Water Billed Water Loss for month: Percentage Loss Total 12 mo. Avg. Loss I Sewer Sales Atlantic Beach Buccaneer Total Sewer Sales I Sewer Treatment Millions of Gallons Rev. per 1,000 Gallons 68,459 66,501 10,669 23,871 13.48% 26.41 10.77% 15.15% Gallons Actual Revenue Gallons Actual Revenue Accounts (000) Revenue Per 1,000 gt Accounts (000) Revenue Per 1,000 gt 4,945 33,622 $144,997 4.31 4,944 32,839 $132,988 4.05 2,594 24,925 $131,375 5.27 2,465 24,531 $116,433 4.75 7,539 58,547 5276,372 54.72 7,409 57,370 $249,421 54.35 68.13 80.07 53.12 AGENDA ITEM #4A APRIL 2s, 200s City of Atlantic Beach ' FINANCIAL REPORT MARCH 2005 ' ~ Cash Balances Prior Current Dollar • ~ Fund(s) 02/28/05 03131/05 Change General 56,519,169 $6,144,610 ($374,559) Tree Replacement 17,201 30,978 13,777 Convention Development Tax 205,765 138,101 (67,664) ' Local Option Gas Tax 311,117 271,497 (39,620) Better Jax 1/2 Cent Sales Tax 1,000,225 992,506 (7,719) Police Training, Forfeit, etc. 33,701 33,383 (318) Grants 69,092 (132,663) (201,755) Debt Service 44,031 50,164 6,133 ' Capital Project 27,879 27,936 57 Utility 3,991,554 4,288,612 297;058 Sanitation 605,390 586,811 (18,579) Storm Water 1,969,996 2,181,879 211,883 Pension -Police (8,778) (13,717) (4,939) ' ~ Pension -General 27,184 43,927 16,743 • ~ Total $14,813,526 $14,644,024 ($169,502) Total Restricted Cash $6,318,361 ' Total Unrestricted Cash $8,325,663 Cash and Investments Prior Current Dollar Rate of Account 02/28105 03/31/05 Change Return Bank of America -Depository $875,687 $499,509 ($376,178) 1.38 SBA $13,935,789 $14,142,465 206,676 2.54 Cash on Hand $2,050 $2,050 0 - Subtotal 14,813,526 14,644,024 (169,502) Suntrust-Pension-Police 4,188,968 4,066,229 (122,739) 5.40 (1) Merrill Lynch-Pension-Police 391,208 456,462 65,254 13.60 (1) Suntrust-Pension-General 5,672,528 5,425,938 (246,590) 5.30 (1) Merrill Lynch-Pension-General 806,551 968,679 162,128 13.60 (1) Subtotal 11,059,255 10,917,308 (141,947) Total $25,872,781 $25,561,332 ($311,449) (1) FYTD rate of return through 12/31/04 City of Atlantic Beach FINANCIAL REPORT MARCH 2005 Revenues AGENDA ITEM #4A APRIL 25, 2005 Annual YTD - 50% YTD Dollar Percent Fund !(Footnote) Estimate of Estimate Actual Variance Variance • General (1) Tree Replacement Convention Development Tax Local Option Gas Tax Better Jax 1/2 Ct Sales Tax (2) Police Training, Forfeit, etc. .. Grants (3) Debt Service ' Capital Project . Public Utilities Sanitation ' Storm Water . Pension -Police (4) Pension -General (4) ' ' Total 29.13% 0.00% 13.04% -11.80% 14.79% -28.03% 31.02°/p 0.65% 100.00% -0.47% 5.20% 1.91 25.22% 48.66% Analysis of Major Variances (1) The $1,339,770 positive variance in the General Fund resulted primarily from the receipt of 91 % of the property taxes from the City of Jacksonville having been received in the first half of fiscal year 2005. (2) The $45,636 positive variance in the Better Jacksonville '/Z Cent Sales Tax Fund resulted from 58% of the revenues from the State of Florida having been received in the first half of fiscal year 2005. (3) The $41,985 positive variance in the Grant Funds resulted from cash being received in fiscal year 2005 for the reimbursement of expenses incurred in fiscal year 2004 ($8,049 in the Local Law Enforcement Block Grant & $57,465 in the FDOT -DUI Enforcement Grant) $9,197,252 $4,598,626 $5,938,396 $1,339,770 0 0 13,778 13,778 177,000 88,500 100,044 11,544 519,800 259,900 229,242 (30,658) 617,300 308,650 354,286 45,636 33,180 16,590 11,939 (4,651) 270,707 135,355 177,340 41,985 73,035 36,518 36,754 236 0 0 286 286 6,593,352 3,296,677 3,281,266 (15,411) 1,319,500 659,750 694,070 34,320 2,607,493 1,303,747 1,328,595 24,848 523,361 261,681 327,684 66,003 775,943 387,972 576,747 188,775 $22,707,923 $11,353,966 $13,070,427 $1,716,461 (4) The $66,003 positive variance in the Police Employee Pension Fund & the $188,775 positive variance in the General Employee Pension Fund resulted from increases in the market values of the investments above estimates. AGENDA ITEM #i-tA APRIL 25, 2005 City of Atlantic Beach ' FINANCIAL REPORT MARCH 2005 Expenses - Annual YTD Estimate YTD Dollar Percent Department! (Footnote) Estimate 50% Actual Variance Variance Governing Body City Administration General Government (1) Planning and Building Public Safety (2) Parks and Recreation Public Works (3) Public Utilities (3) Pension -Police Pension -General $43,807 $21,904 $22,351 ($447) -2.04% 2,005,228 1,002,616 968,384 34,232 3.41 4,076,583 2,038,293 1;856,873 181,420 8.90% 697,108 348,556 337,333 11,223 3.22% 4,137,749 2,068,879 1,643,544 425,335 20.56% 981,301 490,652 456,743 33,909 6.91 6,051,878 3,025,942 1,846,671 1,179,271 38.97% 7,653,105 3,826,553 3,481,935 344,618 9.01% 337,266 168,633 154,442 14,191 8.42% 382,231 191,116 171,146 19,970 10.45% Total $26,366,256 $13,183,144 $10,939,422 $2,243,722 Resource Allocation Personal Services (4) Operating Expenses (2) Capital Outlay (1) & (3) Debt Service (5) Transfers YTD Estimate YTD Dollar Percent 50% Actual Variance Variance $3,708,369 $3,204,025 4,438,427 3,485,896 2,603,685 1,286,956 878,202 1,357,807 1,554,461 1,604,738 $13,183,144 $10,939,422 $504,344 13.60% 952,531 21.46% - 1,316,729 50.57% (479,605) -54.61 (50,277) -3.23% $2,243,722 Analysis of Major Variances (1) The positive variance in the General Government departments resulted from not having begun some of the various projects funded from this source until January, 2005- see Project Activity Schedule. The variance includes: City Hall Expansion, City Hall Lobby Remodel & Skateboard Park projects. (2) The positive variance in the Public Safety departments is partially due to the payment being due quarterly to the City of Jacksonville for fire & rescue services. The City received the request for payment from the City of Jacksonville for the period of October through December 2004 in February, 2005 and Lifeguard services being seasonal (typically being expended June -August) has not begun. (3) The positive variance in the Public Works & Public Utilities departments resulted from not having begun or a less than 50% completion status of some of the various projects funded from this source -see Project Activity Schedule. (4) The positive variance in the Personal Services is primarily related to three things. The first is vacant positions, the second is having recorded 100% of the first payroll and 36% of the second payroll of October in the prior fiscal year and the third is turnover of higher paid employees. (5) The negative variance in the Debt Service accounts resulted from the semi-annual payment of principal and interest on the 1996 Utility Revenue Bonds made in October. Annual Estimate $7,416,737 8,876,825 5,207,369 1,756,403 Total $26 City of Atlantic Beach FINANCIAL REPORT MARCH 2005 AGENDA ITEM #4A APRIL 25, 2005 Project Activity -Current Year Activity Only YTD YTD YTD • Project Name Budget Actual Balance Status General Government: _ City Hall Expansion $409,264 $222,764 $186,500 I City Hall Lobby Remodel 35,000 0 35,000 D Subtotal 444,264 222,764 221,500 Parks and Recreation: Skateboard Park 184,827 148,159 36,668 I Veteran's Memorial Park 34,000 22,963 11,037 Subtotal 218,827 171,122 47,705 ' Public Safety Police Building Design 30,000 275 29,725 A Subtotal 30,000 275 29,725 Public Works: Plaza Entrance/Post Office 100,000 1,750 98,250 E .. Hopkins Creek Basin Pond 1,468,149 15,489 1,452,660 E Mayport Road Medians 301,942 11,648 290,294 E ' Drainage-George & Dudley Streets 107,723 97,930 9,793 Bike Paths on Seminole and Plaza 232,272 164,710 67,562 I Welcome Sign and Landscaping 37,600 0 37,600 • Ocean/13th -Coast Drive/12th 127,000 378 126,622 A Shed -Equipment Storage 15,000 2,821 12,179 I Five Points Intersection Improvement 315,000 10,559 304,441 E . Sidewalks -New 61,500 0 61,500 I Pedestrian Path -Plaza Road 75,000 2,150 72,850 E Sidewalks -Replacements 50,000 258 49,742 I 19th Street Ditch Bulkhead 12,000 0 12,000 Subtotal 2,903,186 307,693 2,595,493 Public Utilities: Replace Well 2 at WWTP1 6,389 6,389 0 C ' ~ Security Upgrade/V1later Plants 14,864 14,864 0 C Telemetry at Lift Stations 90,811 90,811 0 C Headwork Improvements at WWTP2 341,270 4,405 336,865 D • ~ Relocate Elevated Storage Tank at WP2 87,908 71,993 15,915 I Kesner Road Waterline Replacement 33,938 250 33,688 I ' Fence at Water Plants 1, 2 & 3 40,000 0 40,000 Water Line at 10th Street & Beach Avenue 200,000 5,000 195,000 E Mayport Road Sewer Crossing 138,730 6,656 132,074 E Lift Station Scada 50,000 22,740 27,260 I Pond Liner Replacement 45,000 0 45,000 Digester Blowers at WWTP 2 60,000 0 60,000 I . Utility Relocation - Wonderwood Connector 122,386 122,386 0 C Subtotal 1,231,296 345,494 885,802 Total $4,827,573 $1,047,348 $3,780,225 Status Kev ' ' A -Bid Advertised D -Design Completed B -Bid Awarded E -Design Phase C -Project Completed I -Project In-prog ress