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Stormwater Management Fund Summary <br />The Stormwater Management Fund includes activities associated with the City’s storm-sewer collection system. <br />Its primary funding source are fixed based fees charged to storm sewer customers. <br /> <br />The following table depicts the 2020 financial activity for the Stormwater Management Fund for the fiscal period <br />ending March 31, 2020 (unaudited). <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Comments <br />The Stormwater Management Fund revenues and expenditures are within expected levels. <br /> <br />As of March 31, the Stormwater Management fund has a positive cash balance of $814,671. This balance is <br />primarily due to an interfund loan from the Community Reinvestment Fund at the end of 2019 to finance <br />upcoming capital projects. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />2020 2020 % %*Rounded nearest 100 <br />Budget Actual YTD Actual Expect Diff Amount <br />Revenues <br />Intergovernmental 222,500$ -$ 0.0% 0.0% 0.0%-$ <br />Charges for Service 1,003,500 84,329 8.4% 8.5% -0.1% (1,000) <br />Miscellaneous 3,300 (122) -3.7% 6.7% -10.4% (300) <br />Total Revenues 1,229,300$ 84,207$ 6.8% 7.0% -0.1% (1,300)$ <br />Expenditures <br />Personnel 180,000$ 30,223$ 16.8% 18.9% -2.1% (3,800)$ <br />Materials 18,000 - 0.0% 11.2% -11.2% (2,000) <br />Contractual Service 249,800 45,092 18.1% 21.3% -3.2% (8,100) <br />Miscellaneous 39,700 - 0.0% 0.0% 0.0%- <br />Transfers Out 97,900 25,900 26.5% 25.0% 1.5% 1,400 <br />Total Operations 585,400 101,215 17.3% 19.4% -2.1% (12,500)$ <br />Capital 914,000 (12,335) <br />Total Expenditures 1,499,400$ 88,880$ <br />Net Revenues Over/(Under) <br />Expenditures (270,100)$ (4,673)$