HomeMy WebLinkAbout20070507 - 1st Qtr Financial ReportCity of Hastings
Comparison of 1st Qtr Financial Report for Years 2006 and 2007
Governmental Funds (Admin, Parks & Recreation, Public Safety, Public Works)
Total Revenues
Salaries and Benefits
Charges for Services
Supplies
Capital
Debt Service
Principal
Interest and Fees
Total Expenditures
Actuals Actuals Amended Percentage
Year to Date Year to Date Budget of 2007
as of 3/31/2006 as of 3/31/2007 2007 Budget
$ 1,123,145 $4,066,162* $18,697,482 21.747%
1,464,961 1,518,109 8,566,745 17.721%
550,377 689,429 3,508,534 19.650%
124,363 130,396 649,919 20.063%
56,757 287,288 2,781,098 10.330%
8,070,000 5,590,000 5,590,000 100.000%
517,982 561,767 994,298 56.499%
$ 10,784,440 $ 8,776,990 $22,090,594 39.732%
In January of 2007 the City refinanced some bonds so revenues include 2.2 of bond issuance that didn't occur in 2005.
Enterprise Funds (Hydro, Trac, Water, Sewer)
Total Revenues
Salaries and Benefits
Charges for Services
Supplies
Capital
Debt Service
Principal
Interest and Fees
Transfer Out
Total Expenditures
Actuals Actuals Amended Percentage
Year to Date Year to Date Budget of 2007
as of 3/31/2006 as of 3/31/2007 2007 Budget
$ 603,513 $ 555,331 $ 5,641,915 9.843%
202,910 222,470 1,078,037 20.637%
568,099 507,921 1,887,436 26.911
37,636 11,208 294,580 3.805%
36,204 439,759 1,899,275 23.154%
45,000 40,000 340,000 11.765%
3,200 13,200 265,117 4.979%
- 3,456 3,456 100.000%
$ 893,049 $ 1,238,013 $ 5,767,901 21.464%
CITY OF HASTINGS INVESTMENTS as of 3/31/2007
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7,000,000.00 - -- - -
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Length of Maturity
CITY OF HASTINGS INVESTMENTS BY BROKER
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2%
11%
^ Wells Fargo
^ UBS Financial
^ US Bank/Piper
^ Wachovia
^ Smith Barney
Minnesota 4M
^ Dain Bosworth
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14%
CITY OF HASTINGS INVESTMENTS BY SECURITY
15%
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4 3%
47%
^ CD's
^ Money Market
^Commercial Paper
D Federal Home Loan Bank
^ Fannie Mae
^ Federal Home Loan Note
D Freddic Mac
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City of Hastings
Preliminary Financial Report as of December 31, 2006
Governmental Funds (Admin, Parks & Recreation, Public Safety, Public Works)
Amended Actuals Percentage
Budget Year to Date of 2006
2006 2006 Budget
Total Revenues $15,998,018 $ 17,577,030 109.870%
Salaries and Benefits 7,933,019 7,587,229 95.641
Charges for Services 3,025,512 3,740,524 123.633%
Supplies 544,823 750,077 137.674%
Capital 3,575,534 1,382,343 38.661
Debt Service
Principal 6,790,000 8,070,000 118.851
Interest and Fees 1,238,220 1,272,626 102.779%
Total Expenditures $23,107,108 $ 22,802,800 98.683%
Enterprise Funds (Hydro, Trac, Water, Sewer)
Amended Actuals Percentage
Budget Year to Date of budget
2006 2006 2006
Total Revenues $ 6,383,461 $ 6,809,516 106.674%
Salaries and Benefits 1,096,186 993,538 90.636%
Charges for Services 1,906,827 1,747,327 91.635%
Supplies 204,910 145,147 70.835%
Capital 1,124,795 1,875,422 166.735%
Debt Service
Principal 1,260,000 1,260,000 100.000%
Interest and Fees 303,125 336,198 110.911%
Transfer Out 75,000 -
Total Expenditures $ 5,970,843 $ 6,357,632 106.478%