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STAFF REPORT <br />TO: Mayor Keis and Members of the City Council <br />FROM: Brenda Malinowski, Finance Director <br />DATE: October 17, 2019 <br />RE: 2019 3rd Quarter Financial Report <br />INTRODUCTION: <br />Attached is the General Fund Financial Report for the 3rd Quarter with comparison information <br />for the 3rd Quarter 2018. The revenues and expenditures continue to have positive results and are <br />tracking within the parameters of the 2019 Adopted Budget. <br />General Fund Revenue <br />The revenues continue to reflect positive results for 2019. The 5-year trend shows that 2019 has <br />the highest percentage of revenue collected through the 3rd quarter. 2nd half property taxes are <br />not received from the County until December. <br />Highlights: <br />•Permit revenue is at 182.14% of the budget amount. <br />•Charges for services are lower than 2018 due to the park shelter rentals at <br />Spooner Park. Reservation availability was limited on purpose to allow for the <br />Spooner Park Improvements. <br />•Miscellaneous revenue includes the 2018 sheriff’s credit ($131,559) that was not <br />received until September of this year. It was delayed to allow time for decisions to <br />be finalized regarding the purchase of capital equipment including body cameras <br />with part of the credit. <br />58.59% 60.49% <br />57.03% 55.07% <br />63.13% <br />0.00% <br />10.00% <br />20.00% <br />30.00% <br />40.00% <br />50.00% <br />60.00% <br />70.00% <br />80.00% <br />90.00% <br />100.00% <br />2015 2016 2017 2018 2019 <br />% of Revenue to Budget