Agenda - 02-21-2017-13-5 - Information Item - Memorandum - Second Quarter FY2016-17 Financial Report - Period Ending December 31, 2016

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5 of Asset Management Services (AMS) spending $279,745 more than the prior year primarily due to supporting storms and inclement weather. AMS has spent 59.6%of expenditures this fiscal year as compared to 54.3%in the prior fiscal year. The Department of Information Technology has spent$244,922 this fiscal year as compared to the prior fiscal year primarily due to maintenance support for IT contracted services. Education 2Q FY2016-17 Education expenditures total $41.2 million or 48.9%of budgeted expenditures, as compared with 2Q FY2015-16 total of$39 million or 49.5%of budgeted expenditures. The FY2016-17 Education budget was increased by $5.4 million over the prior year's budget to fund the new Health and Safety contracts which replaced the Fair Funding allocation. The Education expenditures are comprised of Current Expenses to the Chapel Hill-Carrboro City School District and Orange County School District. Current Expenses of$38.6 million or 50%of budgeted expenditures was remitted to the school districts through the second quarter;this was $1.5 million more than the same period in FY2015-16. The remaining Education budget pertains to the Health and Safety Contracts for Nurses and School Resource Officers, Recurring Capital, and Other Related County Support, specifically support to Durham Technical College (Orange County campus). Non-Departmental 2Q FY2016-17 Non-Departmental expenditures total $8.9 million or 27.7%of budgeted expenditures,as compared with 2Q FY2015-16 total of$9.3 million or 28.6%of budgeted expenditures. The Non-Departmental category includes Debt Service and Transfers to Other Funds. The second quarter expenditures are .9%lower than the same period in 2Q FY2015-16 due to the timing of debt service payments. In summary, 2Q FY2016-17 General Fund Revenues and Expenditures are in line with the adopted FY2016-17 General Fund Budget; and there are no material areas of concern at the mid-year point. Enterprise Funds Performance Solid Waste Fund 2Q FY2016-17 Solid Waste Fund performance is in line with the adopted FY2016-17 budget. Second quarter revenues are $7 million or 43.3%of budgeted revenues and expenses are $6.6 million or 40.7%of budgeted expenses. This compares with FY2015-16 second quarter revenues of 7.1 million or 62.4%of budgeted revenues and expenses of$6.6 million or 54.3%of budgeted expenses. The difference in the expenditures %is due to a timing issue of posting budgeted financing proceeds and encumbrance carry forwards. They are included in the 2Q FY 2016-17,but were not a part of the 2Q FY 2015-16. Sportsplex Fund 2Q FY2016-17 Sportsplex Fund performance is consistent with the adopted FY2016-17 budget. The revenue stream is comprised of Ice Rink-34%of budgeted revenues, Membership and Fitness-32%of budgeted revenues,with the remaining revenues comprised primarily of Aquatic and Kidsplex. Second quarter revenues are $1.5 million or 46.6%of budgeted revenues and expenses are $1.5 million or 33.2%of expenses. This compares with FY2015-16 second quarter