1. Tom Thanas, City Manager Rachel Mayer, Director of Finance City of Joliet Mid-Year Budget Review August 2013

2. 2013 Budget update Provide General Fund year-end projections Identify variances from budget Provide 2014 Budget Schedule

3. General Fund

4. General Fund Budget Summary Year-end Projections will be further refined as we begin to develop the 2014 Budget. 2013 BudgetJune YTD 2013 Projected Year End $ Variance from Budget Maintenance & Operating Revenues$ 158.3 m$ 83.1 m$ 161.7 m$ 3.4 m Expenses$ 158.3 m$ 79.6 m$ 158.0 m$ 0.3 m Surplus / (Deficit)$ -- m$ 3.5 m$ 3.7 m

5. General Fund Maintenance & Operating Revenues 2013 Budget2013 June YTD 2013 Year-End Projection Property Taxes$ 33.0 m$ 16.6 m$ 33.0 m Gaming Revenue$ 20.9$ 10.2$ 20.3 State Sales Tax$ 18.6$ 9.7$ 19.0 Home Rule Sales Tax$ 21.2$ 11.3$ 22.0 Municipal Waste$ 12.3$ 6.1$ 12.3 Utility Taxes$ 9.2$ 4.7$ 9.0 Income Tax$ 12.7$ 7.6$ 14.0 Other Taxes$ 11.0$ 5.8$ 11.5 Licenses, Permits, Fees$ 19.4$ 11.0$ 20.6 TOTAL$ 158.3 m$ 83.0 m$ 161.7 m

6. General Fund Budget Overview Revenue Highlights…  State Income tax receipts above budget  Received 7 payments thru June  State catching up on payments - only 2 months behind  Year-end projection assumes 12 payments received  Local and State Sales tax receipts above budget  Local Sales up 1.8% (2 month average)  State Sales up over 5.5% (6 month average)  Ambulance Billing revenues performing slightly above budget  Licenses, Permits, & Fees up slightly  Gaming Revenues tracking below budget

7. General Fund Maintenance & Operating Expenses 2013 Budget2013 June YTD 2013 Year-End Projection Variance Payroll & Overtime $ 74.1 m$ 37.9 m$ 74.8 m$ (0.7)m Pensions, FICA, Medicare $ 30.4$ 15.6$ 30.4$ -- Insurance $ 23.5$ 11.5$ 23.5$ -- Municipal Waste $ 11.4$ 5.7$ 11.4$ -- Utilities, Chemicals, Fuel $ 5.9$ 2.7$ 5.3$ 0.6 Professional Services $ 5.2$ 2.2$ 4.8$ 0.4 Supplies $ 1.7$ 0.8$ 1.6$ 0.1 Other Expenses $ 5.6$ 3.0$ 5.7$ (0.1) Legal Claims $ 0.5$ 0.2$ 0.4$ 0.1 TOTAL $ 158.3$ 79.6$ 157.9$ 0.4

8. General Fund Budget Overview Expense Highlights…  Overtime costs exceeding budget  Fire Department  Police Department  Fleet Services Division  Increased costs in the Electrical Division of Public Works  Costs of Crossing Guard operations exceeding budget  Rebate Programs exceeding budget

9. Water & Sewer Funds

10. 2012 Actual 2012 June YTD 2013 Budget 2013 June YTD Maintenance & Operating Revenues$ 43.7 m$20.6 m$ 40.9 m$ 20.6 m Less: Expenses$ 33.0$ 13.9$ 34.8$ 12.9 Surplus / (Deficit)$ 11.5$ 8.6$ 5.8$ 6.7 Plus: Loan Proceeds$ 8.2$ 6.3$ -0-$ 1.3 Less: Capital Expenditures $ 16.7$ 10.8$ 15.2$ 6.9

11. Water & Sewer Funds Surplus of $2.2 million at mid-year Debt service payment of $6.6 million paid at year end Overall revenues and expenses are in line with budget Capital projects continue on aging system – Black Road Lift Station ($1.2 million spent thru June) – Meter Replacement Program (nearly $600k spent…) – $2.7 million spent on system infrastructure improvements – $1.3 million spent on equipment improvements

12. Parking Fund

13. 2012 Total 2012 June YTD 2013 Budget 2013 June YTD Revenues$ 1.48 m$ 0.73 m$ 1.44 m$ 0.74 m Expenses: Personal Services$ 0.66$ 0.34$ 0.68$ 0.32 Pension, FICA, Medicare$ 0.17$ 0.09$ 0.18$ 0.09 Transfers Out$ 0.32$ 0.16$ 0.32$ 0.16 All Other$ 0.23$ 0.11$ 0.25$ 0.11 Subtotal$ 1.38$ 0.70$ 1.45$ 0.71 Surplus / (Deficit)$ 0.1$ 0.03$ --$ 0.06

14. Parking Fund Positive operating variance after 6 months Local Debt Recovery Program revenue = $137,000 thru June – Total 2012 revenue from parking fines = $141,000 Total revenue from parking permits, street parking, lots, and decks in line with 2013 budget – Collected 51% thru June Operating expenses are flat when compared to 2012 $734,000 versus $742,000 Capital improvements needed on system assets

15. Capital & Special Revenue Funds

16. Capital Improvement Fund $1.1 million in Vehicles on order – Fire, Police, and Public Works Final payment for Starcom21 (new public safety radio system) Equipment on order for Roadways – Forestry – Stump Grinder & Chipper – GPS Vehicle Tracking System $200k in New desktop computers being deployed

17. Special Revenue Funds $1.0 million spent of $3.5 million Evergreen Terrace Reserve Motor Fuel tax receipts total $1.8 million down slightly from 2012 June total of $2.0 million – $2.1 million spent on roadway improvements thru June $1.2 million spent from Property Improvement Fund on outstanding developer improvements $245,000 expended on Downtown TIF District projects Grants & Special Revenue Fund – $1.3 million received for the Statesville Shooting Range project – $2.7 million received for the Laraway Road project – $1.3 million of State and Federal Grant funding received

18. 2014 Budget Schedule Preliminary Oct 29 th Special Meeting – First Budget Review Nov 4 th Pre-Council Meeting – Budget Review Nov 18 th Pre-Council Meeting – Budget Review Dec 2 nd Pre-Council Meeting – Final Review Dec 3 rd Council Meeting – Final vote on 2014 Budget

19. Tom Thanas, City Manager Rachel Mayer, Director of Finance Thank You & Questions