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

Financial AnalysisFor the 2 Month(s) Ended June 30, 2014

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17% of Budget Year

• 38% of Total Budget

• Property Taxes – Collected 49% of Budgeted Property Taxes (1st Installment

from Kane and DuPage County)

• Ambulance Fees – Collected $40,007 or 13% of Budget

• Rental Revenues– Collected $4,113 or 18% of Budget

Revenue HighlightsRevenue Highlights

3

RevenuesRevenues

Account Description Total Actual   Total Budget% of

Budget Last Year

Inc/(Dec) from Last

Year

     

Property Taxes 1,153,360   2,351,500 49% 1,117,997 3%

Interest Income 115   3,000 4% 485 -76%

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

Rental Income 4,113   22,300 18% 4,023 2%

Ambulance/CPR Fees 40,007   297,300 13% 40,499 -1%

Fire Recovery -   7,500 0% - n/a

Other Income -   25,100 0% 925 -100%

Subtotal 1,200,109   2,717,700 44% 1,166,843 3%

     

Debt Proceeds/Sale of Building -   430,000 n/a - n/a

Transfers-In 355,837   970,538 37% 349,413 n/a

Actual Revenues 1,555,947   4,118,238 38% 1,516,256 3%

Budgeted Revenues 4,118,238        

% Diff 38%      

4

RevenuesRevenues

5

PBS CollectionsPBS CollectionsMonth FY2015 FY2014

May 20,986 20,424

Jun 18,661 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. 19,823 25,026

Budget Avg. 24,583 23,333

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17% of Budget Year

• 21% of Total Budget

• Operating Expenditures– 22% of Budget

• Fire Services Contract– 16% of Budget

• Capital Outlay & Debt Service– 13% of Budget – George Kay & Assoc $23,780– Alexis Fire Equipment $30,981

Expenditure HighlightsExpenditure Highlights

ExpendituresExpenditures

Account Description Total Actual   Total Budget% of

Budget Total Actual

Inc/(Dec) from Last

Year

OPERATING EXPENDITURES      

Personnel 57,520   364,000 16% 57,115 1%

Contractual Services 280,235   1,790,883 16% 264,319 6%

Office Supplies and Expenses 3,214   9,800 33% 4,564 -30%

Property Expenses 10,274   13,950 74% 547 1778%

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

Fire Station 25,155   176,750 14% 33,312 -24%

Transfers-Out 355,837   970,538 37% 349,413 2%

Actual Expenditures 732,235   3,328,921 22% 709,437 3%

Budgeted Expenditures 3,328,921        

% Diff 22%      

DEBT AND CAPITAL EXPENDITURES      

Debt Expenditures 15,846   489,538 3% 9,929 60%

Capital Outlay 61,227   100,750 n/a 77,304 -21%

Actual Expenditures 77,073   590,288 13% 87,233 -12%

Budgeted Expenditures 384,538    

% Diff 20%  

8

ExpendituresExpenditures

9

Revenue, Expenditure & Fund Revenue, Expenditure & Fund BalanceBalanceFor the 2 Month Ended June 30, 2014

General Ambulance Debt ServiceEmergency and

Rescue Total Actual 

TOTAL SURPLUS / (DEFICIT) 823,712 - (77,073) - 746,639

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

 Residual Equity Transfer - - - - -

 ENDING FUND BALANCE 1,061,999 - (77,073) - 984,926

InvestmentsInvestments

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Bank DescriptionCurrent

Rate Bank Balance

BMO Harris Public Funds Checking #4887 n/a 49,607

BMO Harris Business Prime Money Market #7301 0.35% 912,917

BMO Harris Public Funds Interest Checking #0403 0.16% 7,502

Suburban Bank & Trust Checking #9767 n/a 98,591 $ 1,068,617