Third Quarter, FY 2017 Financial Reports City of Mineola Third Quarter, FY 2017 Financial Reports Water Sales are 63% of revenue

General Fund Revenue Sales Tax Collection is at 7.1% over last year, exceeding the 6% budget increase Property Tax Collection is at 93% of budget. Refuse Collection is at 113% of budget and 69% over last year. This is due to the Commercial Franchise which began in October

General Fund Revenue ½ Cent Sales Tax $489,523.98 Fines $187,459.17 Hotel/Motel $ 53,746.91 Other Income $300,958.24 Property Taxes $1,040,881.20 Utility/Franchise $174,144.10 Refuse Collection $485,385.16 Sales Tax $979,047.94 Total Revenue $3,711,146.70 (Third Quarter FY 17) YTD Budget $3,489,880.00 Variance (+)$221,266.70 Property Taxes are 36% of Revenue, Sales Tax is 23% YTD Budget figure is total budget, divided by 12 months, times three months

Refuse Collection At the end of the third quarter, our net revenue over expense is $156,396.64. The city bills in advance for trash collection. Trash is billed in June for June 1 through June 30. The bill to Republic is paid in July for these dates. Note that 2013-2016 are Year End totals. The final column is as of June 30, 2017 (YTD).

General Fund Expenditures Total General Fund Expenditures at 75.05% of budget Total Excess Revenue over Expenditures $209,290.64

General Fund Expenditures Police $1,029,318.55 Fire $406,008.15 Street $806,370.59 Admin $589,813.80 Comm Dev $180,820.99 Transfers $489,523.98 Total Expenditures : $3,501,856.06 (Third Quarter FY17) YTD Budget $3,499,525.00 Variance (-)$2,331.06

General Fund Revenue & Expense (3yr) YTD FY 2017 Revenues exceeded Expenditures by $212,152.64 FY 2013-2014 Expenditures exceeded Revenue by $173,541.24 FY 2014-2015 Expenditures exceeded Revenue by $431,689.71 FY 2015-2016 Revenues exceeded Expenditures by $78,524.43 For the reporting period, expenses exceed revenues by $313,136.25

General Fund Cash Balance Cash Account balances as of June for last five years Only considering Operating Funds and Investment Account $

Water Fund Revenue Water Sales are at 75% of budget, which is equal to the budget expectation. Sewer Sales are at 79% Total Revenue for Water Fund is at 71% Summer months generally see higher water sales, however, with summer rains, water sales may be short next quarter.

Water Fund Revenue Water Sales $977,187.61 Sewer Sales $527,010.55 Other Income $ 67,865.96 Total Revenue $1,572,064.12 (Third Quarter FY 17) YTD Budget $1,663,037.00 Variance (-)$90,972.88 (Unspent Meredith Funds)

Water Fund Expenditures Total Water Fund Expenditures at 65.45% of budget Total Excess Revenue Over Expenditures $121,410.38

Water Fund Expenditures Wastewater $296,323.67 Transfers $595,223.00 Total Expenditures : $1,450,653.74 (Third Quarter FY17) YTD Budget $1,662,286.00 Variance (+)$211,632.26

Water Fund Revenue & Expense (3yr) YTD FY 2017 Revenues exceeded Expenditures by $121,380.38 FY 2013-2014 Expenditures exceeded Revenue by $348,634.05 FY 2014-2015 Expenditures exceeded Revenue by $113,918.08 FY 2015-2016 Revenues exceeded Expenditures by $70,426.71 Expenses exceeded Revenues by $313,751.07 for the reporting period Last three quarters revenues exceed expenditures

Water Fund Balance Cash Account balance as of June for last five years $

Cash Balances Total City Funds, including bond funds City Funds held in Money Market Accounts

Interest Rates The US Treasury Yield Curve continues to rise City funds are invested in Money Market accounts which earn .4% over the US Treasury Yield Curve as reflected on the last day of the month. Currently there are no plans to invest in CD’s or other investment options as those rates are lower than our current earnings. Should this change, the city will explore those options.