City of Woodstock March 2013 Financial Update Presented April 22, 2013

Cash Summary – March 2013 Bottom Line: Nothing unexpected as compared to prior months or budget – except timing variances. YTD – no surprises, cash forecast shows that negative cash in the General Fund should be minimal. 2

Historical Cash Low Points Pooled Cash General Fund Bottom Line: Cash management is still a critical function. Cash balance comparisons: 1 week of GF A/P checks ~ $190K 2 weeks of GF payroll ~ $350k $ Millions 3

4 Revenue Executive Summary All Funds – March YTD 2013 Bottom Line : YTD Revenue and Forecast on Target 77%

5 Revenue Executive Summary General Fund – March YTD 2013 Bottom Line : YTD Revenue and Full Year Forecast on Target 92%

Expenditure Executive Summary All Funds – March YTD YTD Expenditures and the FY Forecast are on Target City-Wide - Expenditures BudgetMar-13% SpentComment # Compensation 9,025,1746,335, %1 Emp Benefits 3,149,3072,748, % 2 Total Personnel 12,174,4819,084, % Operating Costs 11,164,3978,503, %3 Capital 4,658,7971,726, %4 Contingency 250, % Debt Service 3,391, % Transfers 1,691,8921,199, % Total Expenditures 33,330,58623,904, %

March 2013 Expenditure Executive Summary All Funds – 75% of Year Lapsed 1.Compensation Costs – Overtime is in line & some vacancies 2.Employee Benefits – Health Insurance is at 96% with three months remaining 3.Operating Costs – includes all other categories and is trending on target (76%) 4.Capital – Vehicles leased, Connectivity addressed and Lighting purchased 7

Expenditure Executive Summary General Funds – March YTD Bottom Line: YTD Expenditures and the Full Year Forecast are on Target General Fund - Expenditures BudgetMar-13% SpentComment # Compensation 7,770,9245,515, %1 Emp Benefits 2,676,9322,302, % 2 Total Personnel 10,447,8567,818, % Operating Costs 4,631,5522,950, % Capital % Contingency 250, %3 Debt Service % Transfers 114,442103, % 4 Total Expenditures 15,443,85010,871, %

March 2013 Expenditure Executive Summary General Funds – 75% of Year Lapsed 1.Compensation Costs – Overtime is in line and there were some Vacancies 2.Health Insurance – 96.00% with three months remaining and other benefits are running in line 3.Contingency – 0.00% utilized to date 4.Transfer – Old GEFA loan paid through SPLOST I & Transfers to CEF 9

Expenditure Executive Summary SPLOST IV Funds – March YTD Bottom Line: YTD Expenditures and the Full Year Forecast are on Target SPLOST IV Fund - FY BudgetMar-13%Comment # Revenue 2,400,0001,722, %1 Interest Income % Total Revenue 2,400, % Debt Payments 1,700,5401,685, % Capital 699,460364, %2 Contingency % Debt Service % Transfers % Total Expenditures 2,400,0002,049, %

March 2013 Executive Summary SPLOST IV Funds – 75% of Year Lapsed 1.SPLOST IV Revenue – Timing of receipt for only seven months for new SPLOST 2.Capital Costs – Street Construction, Dog Park and the Narrowband Police Radio project, Equipment Room for Fire remain 11

Status Summary and Action Plan MetricStatusAction Plan Cash Position On Decline General Fund – Cash Forecast Heading towards low balance period Revenue YTD Permits & Inspections, Fines & Impact Fees & TAP Fees Revenue Forecast Projections are obtainable Expenditures YTD Departmental Budget Controls are effective Expenditures Forecast Projections are obtainable Headcount In line with the Position Control & Budget 12