Fox River and Countryside Fire/Rescue Fox River and Countryside Fire/Rescue DistrictDistrict

Financial AnalysisFor the 1 Month(s) Ended May 31, 2014

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8% of Budget Year

• 9% of Total Budget

• Property Taxes – Collected 11% of Budgeted Property Taxes (Partial

Installment from Kane County)

• Ambulance Fees – Collected $20,986 or 7% of Budget

• Rental Revenues– Collected $2,057 or 9% of Budget

Revenue HighlightsRevenue Highlights

3

RevenuesRevenues

Account Description Total Actual   Total Budget % of Budget Last Year

Inc/(Dec) from Last

Year

     

Property Taxes 256,125   2,351,500 11% 173,113 48%

Interest Income 47   3,000 2% 212 -78%

Personal Property Replacement Tax 2,515   11,000 23% 2,914 -14%

Rental Income 2,057   22,300 9% 2,012 2%

Ambulance/CPR Fees 21,196   297,300 7% 20,424 4%

Other Income -   25,100 0% 925 -100%

Subtotal 281,939   2,710,200 10% 199,600 41%

     

Debt Proceeds -   - n/a - n/a

Transfers-In 79,020   1,110,538 7% - n/a

Actual Revenues 360,959   3,820,738 9% 199,600 81%

Budgeted Revenues 3,827,238        

% Diff 9%      

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RevenuesRevenues

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PBS CollectionsPBS CollectionsMonth FY2015 FY2014

May 20,986 20,424

Jun 20,074

Jul 21,271

Aug 14,834

Sept 28,937

Oct 32,058

Nov 26,924

Dec 28,223

Jan 29,756

Feb 29,630

Mar 21,083

April 27,097

Total 300,312

AVG. 20,986 25,026

Budget Avg. 24,583 23,333

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100% of Budget Year

• 8% of Total Budget

• Operating Expenditures– 7% of Budget

• Fire Services Contract– 8% of Budget

• Capital Outlay & Debt Service– 13% of Budget – Property Taxes $9,761– George Kay & Assoc $23,780

Expenditure HighlightsExpenditure Highlights

ExpendituresExpenditures

Account Description Total Actual   Total Budget% of

Budget Total Actual

Inc/(Dec) from Last

YearOPERATING EXPENDITURES      

Personnel 18,230   361,500 5% 32,492 -44%

Contractual Services 146,107   1,790,883 8% 131,524 11%

Office Supplies and Expenses 1,559   9,800 16% 2,153 -28%

Property Expenses 77   5,650 1% 247 -69%

Public Training and Education -   3,000 0% 167 -100%

Fire Station 8,666   181,250 5% 20,106 -57%

Transfers-Out 79,020   1,110,538 7% - n/a

Actual Expenditures 253,660   3,462,621 7% 186,689 36%

Budgeted Expenditures 3,462,621        % Diff 7%     

DEBT AND CAPITAL EXPENDITURES      

Debt Expenditures 15,846   384,538 4% 4,960 219%

Capital Outlay 34,970   - n/a 77,063 -55%

Actual Expenditures 50,816   384,538 13% 82,023 -38%

Budgeted Expenditures 384,538    % Diff 13%  

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ExpendituresExpenditures

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Revenue, Expenditure & Fund Revenue, Expenditure & Fund BalanceBalanceFor the 1 Month Ended May 31, 2014

General Ambulance Debt Service Emergency and Rescue Total Actual

 

TOTAL SURPLUS / (DEFICIT) 107,299 - (50,816) - 56,483

 

BEGINNING FUND BALANCE 238,287 - - - 238,287

 

Residual Equity Transfer - - - - -

 

ENDING FUND BALANCE 345,586 - (50,816) - 294,770

InvestmentsInvestments

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Bank DescriptionCurrent

Rate Bank Balance

BMO Harris Public Funds Checking #4887 n/a 5,000

BMO Harris Business Prime Money Market #7301 0.35% 97,074

BMO Harris Public Funds Interest Checking #0403 0.16% 18,933

Suburban Bank & Trust Checking #9767 n/a 59,282 $ 180,289

Bank of America Collateral - Fixed Income Assets n/a 260,573