1. Monthly Financial Reports
As of January 31, 2019
This packet is divided into three sections: (1) General Fund charts (pages 2-13): (2) Original LOT charts (pages 14-18); (3) Enterprise Fund charts (pages 19-23); and Off-Street Parking Lot charts (pages 24-28).
Each chart includes information on current progress relative to the prior year and also the current budget. Where deviations are 5% or greater, an explanation on the major drivers of such changes is included.

2. General Fund

3. The General Fund revenues are down approximately $334,241 (6
The General Fund revenues are down approximately $334,241 (6.3%) in FYTD. This decrease is largely due to Planning & Building, licensing, permits and charges for services.

4. The General Fund expenditures are down $126,406 (3.6%) FYTD.

5. The Legislative & Executive Department expenditures are up $2,606 (2
The Legislative & Executive Department expenditures are up $2,606 (2.3%) FYTD.

6. The Administrative Services Department expenditures are up $45,932 (7
The Administrative Services Department expenditures are up $45,932 (7.8%) FYTD. This increase is due largely to increased salary and benefit costs.

7. The Legal Department expenditures are down $29,879 (32. 3%) FYTD
The Legal Department expenditures are down $29,879 (32.3%) FYTD. This decrease is largely due to the timing of the contract billing with White Peterson relative to the prior year.

8. The Planning & Building Department expenditures are down $82,541 (27
The Planning & Building Department expenditures are down $82,541 (27.8%) FYTD. This decrease is largely due to payments to the Idaho Division of Building Safety related to permits and plan review. This expenditure decrease corresponds to the lower general fund revenue noted on slide 3.

9. The Facilities Maintenance Department expenditures are up $22,021 (14
The Facilities Maintenance Department expenditures are up $22,021 (14.1%) FYTD. This increase is largely due to increased salary and benefit expenditures as the department has filled previously vacant positions.

10. The Police Department expenditures are up $69,922 (11. 8%) FYTD
The Police Department expenditures are up $69,922 (11.8%) FYTD. This increase is due to changes in the Blaine County Sheriff’s Office contract.

11. The Fire & Rescue Department expenditures are down $142,368 (17
The Fire & Rescue Department expenditures are down $142,368 (17.7%) FYTD. This decrease is largely due to reduced salary and benefit costs associated with a department vacancy and also the timing of billings from the City of Sun Valley for management services. This decrease is partially one of timing and that component is expected to disappear in the coming months.

12. The Streets Department expenditures are up $60,436 (12. 8%) FYTD
The Streets Department expenditures are up $60,436 (12.8%) FYTD. This increase is largely due to salaries and benefit expenditures as the department has filled previously vacant positions.

13. The Recreation Department expenditures are down $18,463 (11. 6%) FYTD
The Recreation Department expenditures are down $18,463 (11.6%) FYTD. This decrease is largely due to lower materials and services utilization relative to the prior year.

14. LOT Analysis

15. Revenue to the Original LOT Fund is up approximately $32,591 (3
Revenue to the Original LOT Fund is up approximately $32,591 (3.8%) FYTD due to greater tax receipts.

16. Revenues from Original LOT covered sales are up approximately 14
Revenues from Original LOT covered sales are up approximately 14.0 % over the average of the prior three years.

17. To date in FY 19 (4 months), Original LOT collections have been generated by each sector as follows:
Retail has generated 63.1% of the total.
Building Materials have generated 12.5%.
Liquor has generated 9.7%.
Rooms have generated 8.7%.
Condominiums have generated 6.1%.

18. Through the first 4 months of FY 19, collections compared to the prior three year average are as follows:
Retail is up 8.2%.
Rooms are up 60.5%.
Condominiums are up 46.7%
Liquor is up 7.6%.
Building Materials are up 14.4%.

19. Enterprise Funds

20. The Water Fund revenues are up $103,081 (17. 8%) FYTD
The Water Fund revenues are up $103,081 (17.8%) FYTD. This increase is due to changes to the water rate structure implemented as part of the FY 19 budget.

21. The Water Fund expenditures are up $84,052 (21%) FYTD
The Water Fund expenditures are up $84,052 (21%) FYTD. This increase is largely due to the debt service payment.

22. The Wastewater Fund revenues are up $624,502 (91. 3%) FYTD
The Wastewater Fund revenues are up $624,502 (91.3%) FYTD. This increase is driven by two factors: (1) Wastewater rate increases included in the FY 19 budget which have added approximately $165,495 FYTD; and (2) increased reimbursements from the Sun Valley Water and Sewer District related to the Headworks project which have added approximately $454,355 in revenues FYTD.

23. The Wastewater Fund expenditures are down approximately $548,267 (50
The Wastewater Fund expenditures are down approximately $548,267 (50.5%) FYTD. The increase is largely due to the Headworks project.

24. Off-Street Parking Lots

25. In the fiscal year to date, revenues at the Washington Avenue parking lot are down $812 (30.6%) relative to the prior year. The institution of three hours of free parking per user per day has resulted in a decrease in the average revenue per user from $3.77 in FY 18 to $0.69 in FY 19.
It is important to note that the Washington Avenue Lot was not a paid lot until November 17, 2017.

26. In the fiscal year to date, the number of transactions registered at the Washington Avenue parking lot is up 1,949 (277.2%) relative to the prior year. The institution of three hours of free parking per user per day has likely encouraged greater utilization of the lot.
It is important to note that the Washington Avenue Lot was not a paid lot until November 17, 2017, so FY 19 benefits from an additional 1.5 months of measured usage.

27. In the fiscal year to date, revenues at the Leadville Avenue parking lot are up $208 (11.9%) relative to the prior year. The average revenue per user has decreased from $3.95 in FY 18 to $3.04 in FY 19 as a result of modifications to the fee structure.
It is important to note that the Leadville Avenue Lot was not a paid lot until November 17, 2017, so FY 19 benefits from an additional 1.5 months of measured usage.

28. In the fiscal year to date, the number of transactions registered at the Leadville Avenue parking lot is up 200 (45.0%) relative to the prior year. It is important to note that the Leadville Avenue Lot was not a paid lot until November 17, 2017, so FY 19 benefits from an additional 1.5 months of measured usage.