City of Menifee Mid-Year Financial Review Fiscal Year

City Wide Revenues $39,796,176 2

General Fund Revenues OriginalMid-YearRevisedYTD BudgetAdjustmentBudgetActual% Property Tax $ 10,122,000 $ (164,926) $ 9,957,074 $ 5,721,75457% Sales Tax 5,790,000 2,988,54352% Franchise Fees 3,152, ,14028% Development Fees 5,835,000 (700,000) 5,135,000 3,399,15166% Other Revenues 2,699, ,94437% Total $ 27,598,244 $ (864,926) $ 26,733,318 $ 13,992,53152% YTD Actual based on the first 8 months of FY

Building Permits Issued Number of Permits% Growth/Decline Revenues FY 2009/ $ 2,022,654 FY 2010/ % $ 2,119,315 FY 2011/ % $ 1,739,944 FY 2012/ % $ 2,541,969 FY 2013/ % $ 6,283,373 FY 2014/ $ 3,399,151 4

Number of Building Permits 5

Historical Building Permits Issued JulyAugSeptOctNovDecJanFebMarAprMayJunTotal FY ,807 YTD ,044 1,225 1,430 1,609 1,878 2,164 2,521 2,807 FY ,180 YTD ,370 1,643 2,029 2,263 2,368 2,593 2,732 2,937 3,180 FY ,613 YTD ,181 1,390 1,613 YTD % Variance94%74%59%53%54%58%61%68% 6

Median Home Prices in $1,000’s April ofMenifeeSan DiegoOrange Co.Temecula 2012 $ 203 $ 377 $ 488 $ $ 240 $ 438 $ 556 $ $ 305 $ 485 $ 626 $ $ 314 $ 502 $ 614 $ 399 %3.0%3.5%-1.9%3.1% Percentage increase (decrease) April

General Fund Expenditures OriginalMid-YearRevisedYTD BudgetAdjustmentBudgetActual% Police $ 10,464,127 $ 4,678,73645% Fire 7,282,492 1,909,01226% Public Works/Engineering 2,344,997 (115,186) 2,229,811 1,379,55337% Building & Safety/Code 1,519, ,93063% Planning 1,140, ,68973% Non Departmental 1,008, ,42281% Administrative Services 711, ,93969% Finance 694, ,71065% Community Services 666, ,51053% 8

General Fund Expenditures OriginalMid-YearRevisedYTD BudgetAdjustmentBudgetActual% City Manager $ 547,541 $ 429,15171% Economic Development 505, ,70650% City Attorney 488, ,25540% Animal Control 487, ,27547% City Clerk 388, ,73371% City Council 177, ,13970% Emergency Services 5, % Allocation from other funds (489,572) (326,381)67% Total $ 27,942,221 $ (115,186) $ 27,827,035 $ 12,919,07846% 9

Gas Tax Fund 10 OriginalMid-YearRevisedYTD BudgetAdjustmentBudgetActual% Gas Tax Revenues $ 2,396,047 $ 320,220 $ 2,716,267 $ 1,169,72643% Salaries & Wages - 115,186 0% Street Maintenance 1,284,564 1,047,88482% Street Lighting 20,000 9,17346% Traffic Signal Maint. 170,865 58,63434% Transfer to General Fund 156, ,29167% Capital Projects 1,052, ,38824% Debt Settlement 903, ,00067% Total Expenditures 3,586, ,186 3,702,158 2,074,37056% Net Surplus (Deficit) $ (1,190,925) $ 205,034 $ (985,891) $ (904,644)

Measure “A” Fund OriginalMid-YearRevisedYTD BudgetAdjustmentBudgetActual% Measure A Revenues $ 1,448,000 $ 718,04450% Street Maintenance 1,256,766 1,230,766 -0% Capital Expenditures - 26,000 25,935100% Capital Projects 940, ,48920% Debt Settlement 516, ,28567% Total Expenditures 2,713, ,70921% Net Surplus (Deficit) $ (1,265,630) $ 159,335 11

Summary of Mid-Year Adjustments  Reduce Property Tax $164,926 (General Fund)  Reduce Building Permit Revenues $700,000 (General Fund)  Increase Gas Tax Revenues $320,220  Transfer $115,186 from General Fund to Gas Tax for Salaries & Benefits 12