City Manager's Report, October 2023

City of East Ridge Summary Financial Statement of Revenues and Expenditures Oct-23 FISCAL YEAR ENDING 06/30/2024 Year-To-Date by Amount Variance Account Description BUDGET FY 2023 FY 2024 YTD Avg Yr % 110 General Fund REVENUE 31100 Property Taxes 6,569,000 8,730 31200 Property Taxes (Delinquent) 500,000 249,010 31610 Local Sales Tax - Co. Trustee 3,600,000 1,085,052 31611 Incremental State Sales Tax 9,304,398 6,237,367 31710 Wholesale Beer Tax 420,000 125,720 31800 State Net Allocation 290,000 27,095 31810 Minimum Business Licenses 7,000 3,223 31827 5% State Commission 22,000 0 31912 * Cable TV Franchise Tax 200,000 919 31961 Liens Collected by Trustee 25,000 0 32120 Wrecker Licenses 350 0 32200 Alcoholic Beverage Tax 200,000 59,006 32210 Beer Licenses & Etc. 8,000 1,151 32220 Liquor Licenses 3,500 2,300 32225 Fireworks Fees/Permits 3,000 0 32226 Annual Fireworks Permit Fee 300 0 32610 Building Permits 200,000 64,823 32615 Fire Preventions/Permits 1,000 345 32620 Electrical Permits 30,000 8,968 32630 Plumbing Permits 15,000 6,178 32640 Natural Gas Permits 2,000 240 32650 Excavating Permits (St. Opening 4,000 4,030 32660 Zoning Permits 4,000 2,850 32671 Regular Sign Permits 3,500 1,220 32672 Temporary Sign Permits 300 75 32690 Plan Review Fees 100 0 32691 Tree Trimming Permits 100 0 32905 Other Code Enforcement Fees 25,000 19,943 32960 Yard Sale Permits 200 0 32990 Mechanical Permits 15,000 6,597 33140 ARPA Funds - Federal 0 0 33190 FEMA/TEMA FY 2021 0 18,280 33191 Direct Appropriation State of TN 0 5,000,000 33410 State Law Enforcement Education 37,600 0 33430 State Fire Service Educational Grant 19,200 0 33510 State Sales Tax 2,627,122 631,684 33511 Interstate Telecom. Sales Tax 5,000 869 33512 Sportsbetting 32,000 5,441 33513 Occupcity Tax 1,500 214 33515 State Sales Tax/Telecommunications 500 366 33520 State Income Tax 0 0 33530 ** State Beer Tax 10,192 5,505 33540 State Mixed Drink Tax 95,000 24,878 33552 State-City Streets And Transportation 40,565 10,153 33560 Seized/Awarded by State 0 0 33591 * TVA- Gross Receipts Tax 266,004 0 33593 Corporate Excise Tax 6,000 0 34121 Clerks! Fees - Business Tax 2,000 930 34211 Accident Report Charges 2,000 4,472 34212 Driver Licenses Reinstatement Fee 2,000 605 FISCAL YEAR ENDING 06/30/2024 Year-To-Date by Amount Variance Account Description BUDGET FY 2023 FY 2024 YTD Avg Yr % 34221 Ridgeside Fire Service Contract 116,604 27,671 33.33% 34231 Police Services ie) 0 0.00% 34314 Mowing 9,800 0 0.00% 34500 Donations - New Animal Shelter 5,000 385 14.20% 34515 Rabies & Spay/Neu ter Cert. 500 0 12.00% 34516 Registratio n 500 55 93.00% 34517 Adoption 1,000 150 0.00% 34518 Board & Impound Fees 1,000 0 14.00% 34520 A/S Donations -Designat ed 1,000 0 30.00% 34641 Indoor Soccer Income 140,000 4,345 4.84% 34642 Community Center Income 40,000 15,893 55.20% 34643 Outdoor Soccer Fees 70,000 29,145 55.67% 34644, Baseball Fees 35,000 10,960 46.79% 34645 Softball Fees 25,000 7,798 37.44% 34646 Gate 30,000 13,708 54.78% 34648 Adult League - Softball 30,000 13,400 52.38% 34649 Concerts/ Events - Camp Jordan 10,000 2,850 7.15% 34651 Multi-Purp ose Building (Arena) 140,000 57,883 38.32% 34652 Pavilion Rental 18,000 5,175 43.34% 34653 Track Rental 2,000 0 0.10% 34654. Field Rental 62,000 16,699 28.71% 34655 Amphitheater 14,000 4,500 72.64% 34656 Concessio ns 40,000 12,639 31.95% 34657 Overnight - Rv Rental 18,000 11,240 38.57% 34658 Tournamen t Team Fees 1,500 0 156.33% 34712 Sponsorsh ip/Parks & Rec 5,000 0 34.00% 34720 Football Gate 3,000 0 0.00% 34751 Basketbal l Gate 18,000 0 0.00% 34742 Basketball Player Fees 16,000 2,795 20.30% 34743, Football Player Fees 11,000 10,090 111.85% 34744 Photography 1,200 0 0.00% 34745 Vending/Concessions 8,000 2,001 148.13% 34746 Cheerleading 2,000 1,608 47.00% 34747 Rent-Arena Equipment 25,000 0 21.71% 34749 Soccer Field Rentals 60,000 18,549 35.12% 34760 Library Charges 1,200 474 19.88% 34761 Library - Copies 1,500 216 23.57% 34794 Community Center M. Fee 4,000 390 0.00% 35100 Municipal Court Fines & Costs 400,000 137,258 21.24% 35120 Public Defender Fees 500 25 0.00% 35150 Diversion Filing 300 0 0.00% 36100 Interest Earnings 5,000 3,085 70.85% 36211 Rent - Cell Tower 12,925 4,308 33.33% 36310 Sale of Land 0 250,000 0.00% 36330 Sale Of Equipment 10,000 199 0.00% 36350 Insurance Recoveries 50,000 42,500 74.56% 36901 Pipes/Culverts 3,000 895 0.00%. 36902 Repayment - Damages- Traffic Device 0 0 0.00% 36903 Christmas Parade 500 170 31.00% 36905 Designated Police-Sale of Vehicles 15,000 7,249 28.96% 36906 Designated Fire-Sale of Vehicles 5,000 0 15.33% 36990 Miscellaneous Revenues 25,000 15,567 3.24% 36992 Hamilton County 0 0 0.00% 37200 AHO- Fines/Court Costs 1,500 300 0.00% Use of Fund Balance 0 0 0.00% Total Revenues 26,091,96 0 14,347,412 40.23% FISCAL YEAR ENDING 06/30/2024 Year-To-Date by Amount Variance Account Description BUDGET FY 2023 FY 2024 YTD Avg Yr % EXPENDITURES 41000 General Government 1,195,825 706,039 74.61% 41100 Administrative 1,051,215 376,878 30.44% 411114 City Council 99,490 35,152 45.08% 41210 Municipal Court 395,640 132,016 29.42% 41520 City Attorney 137,075 42,851 22.28% 41800 Buildings & Grounds Maintenance 362,274 95,399 24.21% 41900 City Hall Complex 51,975 16,694 28.96% 42100 Police 2,515,428 925,477 31.43% 42121 Criminal Investigation 879,088 230,167 19.59% 42123 Patrol 2,500,004 689,798 33.39% 42125 Traffic Division 343,290 52,818 16.27% 42200 Fire Department 3,292,814 891,951 41.17% 42400 Building/Planning/Zoning 642,506 186,084 41.39% 43110 Highway And Street 640,288 124,076 25.32% 43120 Traffic Control & Street Markers 389,132 96,198 26.77% 43170 Transfer Station/Brush Pit/Fleet 9,600 3,391 31.13% 44140 Animal Control 339,617 87,139 29.56% 44410 Parks and Recreation 1,076,350 279,925 34.29% 44420 Multi-Purpose Recreation Bldg 278,454 79,205 35.66% 44430 Community Center 253,290 46,225 38.43% 44450 McBrien Complex 1,400 416 28.57% 44610 Soccer- Recreation 69,400 17,097 33.01% 44620 Soccer - Indoor 72,700 300 2.93% 44630 Baseball/Softball 65,700 29,158 36.49% 44640 Football/Cheer 15,050 9,067 75.00% 44650 Adult Softball 34,200 13,705 55.02% 44700 Basketball 18,000 0 0.00% 44800 Libraries 296,906 78,361 27.03% 44810 History Museum 625 460 88.15% 46500 Community Development Programs 10,000 2,978 38.63% 43530 Transfer to ARPA Fund 0 0 0.00% 47200 Economic Development 6,678,998 6,137,371 75.15% 49100 Debt Service 96,013 0 0.00% 49400 Capital Projects - Transfer Out 2,279,613 375,000 0.00% Total Expenditures 26,091,960 11,761,394 42.54% Total ## General Fund 0 2.586.017 FISCAL YEAR ENDING 06/30/2024 Year-To-Date by Amount Variance Account Description BUDGET FY 2023 FY 2024 YTD Avg Yr % 121 State Street Aid REVENUE 33450 State Grant - TIP Funds 415,000 3,107 0.05% 33460 State Grant - HIP Funds 260,000 0 4.02% 33550 2017 Gas Tax Improve 200,000 51,072 16.93% 33551 State Gasoline And Motor Fuel Tax 570,000 151,604 17.10% 36100 Interest Earnings 100 60 57.99% 36330 Sale of Equipment 0 0 0.00% Use of Fund Balance 1,474,84 9 0 0.00% Total Revenues and Other Sources 2,919,949 205,843 9.83% EXPENDITURES 43190 State Street Aid 2,919,949 411,003 3.42% Total Expenditures 2,919,949 111,003 3.42% Total ## State Street Aid Fund _ 94 840 — ___ Year-To-Date by Amount Variance FISCAL YEAR ENDING 06/30/2024 Account Description BUDGET FY 2023 FY 2024 YTD Avg Yr% 122 Grant Fund REVENUE 33109 CSX Transportation Grant - 2022 0 25,000 0.00% 33114 TML Driver Safety Grant 4,000 0 0.00% 33120 TDOT 2015 Multi Modal Grant 0 0 0.00% 33425 Aquatic Stream Clean Grant 1,000 0 0.00% 33493 TML Safety Grant 3,000 0 0.00% 36100 Interest Earnings 0 Hf 0.00% 36420 Police Traffic Safety Grant 0 0 0.00% 36421 TN AM Grants 0 0 0.00% 36422 Target Grant 0 0 0.00% 36423 Animal Foundation Grants 0 0 0.00% 36711 Safety Conservation Grant 4,000 0 0.00% 36920 THS089-Police 0 475 0.00% 36921 Homeland Security - Police 0 0 0.00% 36922 Homeland Security - Fire ie) 0 0.00% 36925 Violent Crime Intervention Grant 190,000 0 0.00% 36962 Operating Transfers-Capital Projects 0 0 0.00% Use of Fund Balance 8,000 0 0.00% Total Revenues and Other Sources 210,000 25,481 0.21% EXPENDITURES 21211 Due to General Fund 0 0 0.00% 43150 Grants 210,000 445 2.00% Total Expenditures 210,000 445 2.00% Total ## Grant Fund _0 25.036. Year-To-Date by Amount Variance FISCAL YEAR ENDING 06/30/2024 Account Description BUDGET FY 2023 FY 2024 YTD Avg Yr % 127 Drug Investigation Fund REVENUE 33197 Federal/State Grants 10,000 0 61.75% 33560 Seized/Awarded by State 35,000 38,544 64.26% 35200 Drug Fines 20,000 9,048 25.59% 35400 Sale of Confiscated Property 2,000 0 0.00% Use of Fund Balance 0 0 0.00% Total Revenues and Other Sources 67,000 47,592 50.42% EXPENDITURES 42129 Drug Investigation and Control 67,000 4,724 5.02% Total Expenditures 67,000 1,724 5.02% Total ## Drug Investigation Fund 0 45.868 FISCAL YEAR ENDING 06/30/2024 Year-To-Date by Amount Variance Account Description BUDGET FY 2023 FY 2024 YTD Avg Yr % 130 Economic Development Fund REVENUE 31611 Incremental State Sales Tax Rev 6,628,998 3,659,829 75.61% 36100 Interest Earnings 0 7 0.00% Transfer In 0 0 0.00% Use of Fund Balance 0 155,000 0.00% Total Revenues and Other Sources 6,628,998 3,814,836 75.61% EXPENDITURES Economic Development 5,557,478 3,814,836 90.19% Debt Payment 1,071,520 0 0.00% Total Expenditures 6,628,998 3,814,836 75.61% Total ## Economic Development Fund nS FISCAL YEAR ENDING 06/30/2024 Year-To-Date by Amount Variance Account Description BUDGET FY 2023 FY 2024 YTD Avg Yr % 131 Solid Waste Fund REVENUE 33190 FEMA/TEMA 2021 0 0 0.00% 34416 Special Assessment - Garbage 1,629,279 3,410 0.20% 34418 Extra Cans 1,500 580 20.00% 34420 Dumpster Rentals 6,000 1,906 26.67% 34422 Recycling - Transfer Station 2,000 1,630 101.74% 34426 Sale Of Muich 200 54 0.00% 34430 Refuse Collection And Disposal 2,000 415 23.32% 36330 Sale of Equipment 0 0 0.00% 36350 Insurance Recoveries 0 0 0.00% Use of Fund Balance 0 1,006,350 0.00% Total Revenues and Other Sources 1,640,979 1,014,345 0.47% EXPENDITURES 43200 Solid Waste 1,906,979 1,014,345 42.48% Total Expenditures 1,906,979 1,014,345 42.48% Total ## Solid Waste Fund -266,000° (1) Budget amended to reflect payment of garbage truck ordered in FY 2023. FISCAL YEAR ENDING 06/30/2024 Year-To-Date by Amount Variance Account Description BUDGET FY 2023 FY 2024 YTD Avg Yr % 212 TML Loan Fund REVENUE 31920 Room Occupancy Tax 713,774 174,168 28.61% 36100 Interest Earnings 1,000 11,732 3496.86% 37940 Transfer In 1,401,000 0 0.00% Use of Fund Balance 0 41,957 0.00% Total Revenues and Other Sources 2,115,774 227,857 11.30% EXPENDITURES 49111 Camp Jordan - Phase Two - 2020 145,564 124,590 86.07% 49114 Refunding Bond Issue - 2021 836,763 0 0.00% 49300 Series 2022 Bond Issue 726,325 0 54.80% 49310 2015 - Exit One/Capital Projects 208,875 67,875 32.05% 49320 2017 - Exit One - 175 0 0 0.00% 49412 Public Safety - Lease Purchase 37,800 30,000 0.00% 49413 Public Safety - Capital Outlay Note 106,917 5,392 0.00% 49414 Public Safety - Lease Purchase 53,530 0 100.00% 0.00% Total Expenditures 2,115,774 227,857 30.43% Total ## TML Loan Fund OD FISCAL YEAR ENDING 06/30/2024 Year-To-Date by Amount Variance Account Description BUDGET FY 2023 FY 2024 YTD Avg Yr % 341 Capital Projects Fund REVENUE 33113 LPRF 2018 - Pioneer Playground 0 0 0.00% 33120 TDOT 2015 Multi Modal Grant 3,000,000 0 0.00% 33123 Dog Dash Grant 0 0 0.00% 34510 Dog Park Donations 0 0 0.00% 36421 TN American Water Grant 0 250,000 0.00% 36915 Bond Proceeds 7,000,000 784,286 10.79% 36992 Hamilton County 1,000,000 0 0.00% 37940 Operating Transfers - Other Funds 2,279,613 375,000 0.00% Use of Fund Balance 0 0 0.00% Total Revenues and Other Sources 13,279,613 1,409,286 5.69% EXPENDITURES 41800 Bldg & Grounds/Maintenance 500,000 13,900 28.74% 43110 Multi Modal Project - Ringgold Road 4,000,000 1,207,895 33.27% 43121 North Mack Smith Road 4,850,000 29,516 2.74% 43122 Resurfacing Projects 500,000 5,288 0.36% 43123 Park Ridge Access Road 0 0 0.00% 44410 Parks & Recreation 0 0 0.00% 44421 Splash Pad/Playground 0 0 0.00% 44423 Dog Park - Town Center 0 0 0.00% 44424 Animal Shelter Building 1,600,000 0 4.33% 44425 Dickert Pond Boardwalk & Pier 0 0 0.00% 44426 Fuel Tank - Public Safety Facility 125,000 0 0.00% 47200 Economic Development 50,000. 20,000 40.00% Total Expenditures 11,625,000 1,276,599 14.89% Total ## Capital Projects Fund 1,654.613 132.687 FISCAL YEAR ENDING 06/30/2024 Year-To-Date by Amount Variance Account Description BUDGET FY 2023 FY 2024 YTD Avg Yr % 410 ARPAFUND REVENUE 37940 Transfer In O 0 0.00% Use of Fund Balance 4,142,192 220,847 0.00% Total Revenues and Other Sources 4,142,192 0 0.00% EXPENDITURES 46490 Stormwater Projects - Ringgold Road 4,142,192 220,847 0.00% Total Expenditures 4,142,192 220,847 0.00% Total ## Capital Projects Fund 0 0