Agenda - 05-16-2017-12-3 - Information Item - Third Quarter FY2016-17 Financial Report- Period Ending March 31, 2017

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6 Non-Departmental 3Q FY2016-17 Non-Departmental expenditures total$24.5 million or 74.5% of budgeted expenditures, as compared with 3Q FY2015-16 total of$19.2 million or 76.2%of budgeted expenditures. The Non-Departmental category includes Debt Service and Transfers to Other Funds. The third quarter expenditures are 1.7%lower than the same period in 3Q FY2015- 16 due to the transfers to other funds have not yet been recorded for this fiscal year. The increase in debt service payments in 3Q FY2016-17 compared to 3Q FY2015-16 is due to the timing of debt service payments. In summary, staff continues to carefully monitor General Fund Revenues and Expenditures through the remainder of the fiscal year to ensure compliance with the adopted FY2016-17 General Fund Budget. Enterprise Funds Performance Solid Waste Fund 3Q FY2016-17 Solid Waste Fund performance is consistent with the adopted FY2016-17 budget. Third quarter revenues are$10.0 million or 62.1% of budgeted revenues and expenses including encumbrances are$11.3 million or 70.0% of budgeted expenses. This compares with FY2015-16 third quarter revenues of 9.1 million or 73.7% of budgeted revenues and expenses of$8.5 million or 68.9% of budgeted expenses. The difference in the revenues and expenditures % compared to 3Q FY2016-17 is due to a $3.1 million encumbrance related to the construction of Eubanks Road waste and recycling convenience center. Sportsplex Fund 3Q FY2016-17 Sportsplex Fund performance is consistent with the adopted FY2016-17 budget. The revenue stream is comprised of Ice Rink(51.3%) of budgeted revenues, Membership and Fitness (42.6%) of budgeted revenues,with the remaining revenues comprised primarily of Aquatic (44.1%) and Kidsplex(58.3%). The Other Income category includes revenue received that will be allocated to the appropriate program areas by the close of the fiscal year. Third quarter Charges for Services or program revenues are$2.5 million or 74.6% of budgeted revenues and expenses are$2.8 million or 59.6% of budgeted expenses. This compares with the prior year third quarter Charges for Services or program revenues of$2.5 million or 80.3% of budgeted revenues and expenses of$2.9 million or 84.2% of budgeted expenses. The difference in both the revenues and expenses percentage is due to the posting of budgeted financing proceeds,which were not part of the 3Q FY 2015-16 report.