City Manager's Report, December 2023

City of East Ridge Summary Financial Statement of Revenues and Expenditures Dec-23 Unaudited 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 6,569,000 721,679 15.10% 31200 Property Taxes (Delinquent) 500,000 282,736 19.44% 31610 Local Sales Tax - Co. Trustee 3,600,000 1,768,269 53.59% 31611 Incremental State Sales Tax 9,304,398 6,237,367 79.50% 31710 Wholesale Beer Tax 420,000 202,470 48.69% 31800 State Net Allocation 290,000 44,060 10.73% 31810 Minimum Business Licenses 7,000 5,074 33.96% 31824 Solictors Permit 0 0 0.00% 31827 5% State Commission 22,000 0 6.60% 31912 * Cable TV Franchise Tax 200,000 56,970 24.75% 31961 Liens Collected by Trustee 25,000 3,753 7.55% 32120 Wrecker Licenses 350 100 42.86% 32200 Alcoholic Beverage Tax 200,000 111,643 57.82% 32210 Beer Licenses & Etc. 8,000 5,786 62.91% 32220 Liquor Licenses 3,500 3,450 41.43% 32225 Fireworks Fees/Permits 3,000 0 0.00% 32226 Annual Fireworks Permit Fee 300 0 0.00% 32610 Building Permits 200,000 88,445 24.30% 32615 Fire Preventions/Permits 1,000 395 64.50% 32620 Electrical Permits 30,000 13,079 32.84% 32630 Plumbing Permits 15,000 9,097 53.23% 32640 Natural Gas Permits 2,000 844 63.55% 32650 Excavating Permits (St. Opening 4,000 4,230 180.00% 32660 Zoning Permits 4,000 2,850 43.75% 32671 Regular Sign Permits 3,500 1,565 63.29% 32672 Temporary Sign Permits 300 75 0.00% 32690 Plan Review Fees 100 0 0.00% 32691 Tree Trimming Permits 100 0 30.00% 32905 Other Code Enforcement Fees 25,000 26,371 37.93% 32960 Yard Sale Permits 200 0 10.00% 32990 Mechanical Permits 15,000 8,982 82.39% 33140 ARPA Funds - Federal 0 3,142,492 0.00% 33190 FEMA/TEMA FY 2021 ) 18,280 0.00% 33191 Direct Appropriation State of TN 300,000 5,000,000 100.00% 33410 State Law Enforcement Education 37,600 0 0.00% 33430 State Fire Service Educational Grant 19,200 0 0.00% 33510 State Sales Tax 2,627,122 1,069,867 41.03% 33511 Interstate Telecom. Sales Tax 5,000 1,291 40.67% 33512 Sportsbetting 32,000 13,143 51.78% 33513, Occupcity Tax 1,500 589 54.94% 33515 State Sales Tax/Telecommunications 500 793 0.00% 33520 State Income Tax 0 0 0.00% 33530 ** State Beer Tax 10,192 5,505 52.39% 33540 State Mixed Drink Tax 95,000 41,246 56.92% 33552 State-City Streets And Transportation 40,565 16,921 41.71% 33560 Seized/Awarded by State 0 0 0.00% 33591 * TVA- Gross Receipts Tax 266,004 66,630 25.53% 33593 Corporate Excise Tax 6,000 0 0.00% 34121 Clerks' Fees - Business Tax 2,000 1,275 45.75% 34211 Accident Report Charges 2,000 1,754 42.70% FISCAL YEAR ENDING 06/30/2024 Year-To-Date by Amount Variance Account Description BUDGET FY 2023 FY 2024 YTD Avg Yr% 34212 Driver Licenses Reinstatement Fee 2,000 605 12.50% 34221 Ridgeside Fire Service Contract 116,604 46,357 50.00% 34231 Police Services 0 0 0.00% 34314 Mowing 9,800 0 0.00% 34500 Donations - New Animal Shelter 5,000 3,355 54.10% 34515 Rabies & Spay/Neuter Cert. 500 0 33.00% 34516 Registration 500 65 135.20% 34517 Adoption 1,000 185 0.00% 34518 Board & Impound Fees 1,000 0 14.00% 34520 A/S Donations-Designated 1,000 500 30.00% 34641 Indoor Soccer Income 140,000 139,814 127.36% 34642 Community Center Income 40,000 20,138 67.64% 34643 Outdoor Soccer Fees 70,000 29,145 55.67% 34644 Baseball Fees 35,000 10,975 46.79% 34645 Softball Fees 25,000 7,858 37.44% 34646 Gate 30,000 17,911 64.20% 34648 Adult League - Softball 30,000 13,400 52.38% 34649 Concerts/Events - Camp Jordan 10,000 2,850 7.15% 34651 Multi-Purpose Building (Arena) 140,000 84080..76 50.37% 34652 Pavilion Rental 18,000 5,175 55.98% 34653 Track Rental 2,000 73 1.60% 34654 Field Rental 62,000 21,869 52.33% 34655 Amphitheater 14,000 10,500 76.21% 34656 Concessions 40,000 22,363 70.09% 34657 Overnight - Rv Rental 18,000 13,545 47.20% 34658 Tournament Team Fees 1,500 ie) 156.33% 34712 Sponsorship/Parks & Rec 5,000 1,500 41.00% 34720 Football Gate 3,000 0 164.64% 34751 Basketball Gate 18,000 2,815 16.43% 34742 Basketball Player Fees 16,000 15,730 105.75% 34743 Football Player Fees 11,000 10,090 111.85% 34744 Photography 1,200 679 47.24% 34745 Vending/Concessions 8,000 4,027 167.14% 34746 Cheerleading 2,000 1,608 47.00% 34747 Rent-Arena Equipment 25,000 0 54.27% 34749 Soccer Field Rentals 60,000 39,195 70.24% 34760 Library Charges 1,200 647 32.58% 34761 Library - Copies 1,500 273 29.93% 34794 Community Center M. Fee 1,000 390 0.00% 35100 Municipal Court Fines & Costs 400,000 178,492 34.39% 35120 Public Defender Fees 500 0 0.00% 35150 Diversion Filing 300 0 0.00% 36100 Interest Earnings 5,000 4,289 105.77% 36211 Rent - Cell Tower 12,925 6,462 273.77% 36310 Sale of Land 0 250,000 0.00% 36330 Sale Of Equipment 10,000 8,047 0.00% 36350 Insurance Recoveries 50,000 42,500 83.29% 36901 Pipes/Culverts 3,000 1,245 0.00% 36902 Repayment - Damages- Traffic Device 0 0 0.00% 36903 Christmas Parade 500 645 119.00% 36905 Designated Police-Sale of Vehicles 15,000 7,258 105.76% 36906 Designated Fire-Sale of Vehicles 5,000 0 15.33% 36990 Miscellaneous Revenues 25,000 22,698 9.77% 36992 Hamilton County 0 0 0.00% 37200 AHO- Fines/Court Costs 1,500 300 0.00% Use of Fund Balance 0 () 0.00% Total Revenues 26,391,960 19,944,647 50.61% 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 1,195,825 795,989 83.35% 41100 Administrative 1,051,215 565,608 46.58% 41111 City Council 99,490 49,234 55.02% 41210 Municipal Court 395,640 195,867 44.81% 41520 City Attorney 137,075 74,488 44.81% 41800 Buildings & Grounds Maintenance 362,274 159,778 36.46% 41900 City Hall Complex 51,975 24,060 47.19% 42100 Police 2,515,428 1,074,281 45.55% 42121 Criminal Investigation 879,088 360,632 33.70% 42123 Patrol 2,500,004 1,303,788 57.60% 42125 School Resource 300,000 83,799 0.58% 42125 Traffic Division 343,290 83,799 26.81% 42200 Fire Department 3,599,814 1,387,645 56.74% 42400 Building/Planning/Zoning 642,506 284,119 59.09% 43110 Highway And Street 640,288 226,883 50.47% 43120 Traffic Control & Street Markers 389,132 162,307 53.01% 43170 Transfer Station/Brush Pit/Fleet 9,600 4,564 62.95% 44140 Animal Control 339,617 158,283 45.78% 44410 Parks and Recreation 1,076,350 442,679 53.83% 44420 Multi-Purpose Recreation Bldg 278,454 126,221 49.66% 44430 = Community Center 253,290 75,518 52.76% 44450 McBrien Complex 1,400 620 36.20% 44610 Soccer - Recreation 69,400 29,063 34.53% 44620 Soccer - Indoor 72,700 36,942 55.58% 44630 Baseball/Softball 65,700 21,403 55.29% 44640 Football/Cheer 15,050 7,887 113.53% 44650 — Adult Softball 34,200 20,485 60.23% 44700 Basketball 18,000 2,677 21.52% 44800 Libraries 296,906 129,972 43.00% 44810 History Museum 625 568 121.43% 46500 Community Development Programs 10,000 5,295 38.63% 43530 Transfer to ARPA Fund 0 0 0.00% 47200 Economic Development 6,705,798 7,387,863 77.34% 49100 Debt Service 96,013 0 100.00% 49400 Capital Projects - Transfer Out 2,279,613 375,000 0.00% Total Expenditures 26,725,760 15,657,315 48.51% Total ## General Fund 9 __4.287,332 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 4,669 4.33% 33550 2017 Gas Tax Improve 200,000 85,059 33.70% 33551 State Gasoline And Motor Fuel Tax 570,000 250,401 43.26% 36100 Interest Earnings 100 89 90.42% 36330 Sale of Equipment 0 0 0.00% Use of Fund Balance 1,474,849 0 0.00% Total Revenues and Other Sources 2,919,949 343,325 22.53% EXPENDITURES 43190 State Street Aid 2,919,949 174,564 5.08% Total Expenditures 2,919,949 174,564 5.08% Total ## State Street Aid Fund ——_———_0 ___168,761 FISCAL YEAR ENDING 06/30/2024 Year-To-Date by Amount Variance 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 10 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 1,120 0.00% 36921 Homeland Security - Police 0 0 0.00% 36922 Homeland Security - Fire 0 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 2.491 0.00% Total Revenues and Other Sources 210,000 28,621 0.21% EXPENDITURES 21211 Due to General Fund 0 0 0.00% 43150 Grants 210,000 28,621 34.69% Total Expenditures 210,000 28,621 34.69% Total ## Grant Fund 0 0 FISCAL YEAR ENDING 06/30/2024 Year-To-Date by Amount Variance 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 67.36% 35200 Drug Fines 20,000 14,433 29.72% 35400 Sale of Confiscated Property 2,000 0 0.00% 36990 Misc. Revenues 0 0 0.00% Use of Fund Balance 0 0 0.00% Total Revenues and Other Sources 67,000 52,977 54.05% EXPENDITURES 42129 Drug Investigation and Control 67,000 1,724 8.37% Total Expenditures 67,000 1,724 8.37% Total ## Drug Investigation Fund 1) 51,253 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 3,669,829 77.78% 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 3,824,836 77.78% EXPENDITURES Economic Development 5,557,478 3,824,836 92.77% Debt Payment 4,071,520 0 0.00% Total Expenditures 6,628,998 3,824,836 77.78% Total ## Economic Development Fund {i} 1) 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 1,629,279 186,620 10.89% 34418 Extra Cans 1,500 825 48.00% 34420 Dumpster Rentals 6,000 1,906 33.33% 34422 Recycling - Transfer Station 2,000 1,853 101.74% 34426 Sale Of Mulch 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 1,093,757 0.00% Total Revenues and Other Sources 1,640,979 1,285,430 11.13% EXPENDITURES 43200 Solid Waste 1,906,979 1,285,430 57.96% Total Expenditures 1,906,979 1,285,430 57.96% Total ## Solid Waste Fund ———=266.000 0 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 713,774 302,403 44.75% 36100 Interest Earnings 1,000 20,838 5206.05% 37940 Transfer In 1,401,000 0 23.52% Use of Fund Balance 0 152,950 0.00% Total Revenues and Other Sources 2,115,774 476,192 33.13% EXPENDITURES 49111 Camp Jordan - Phase Two - 2020 145,564 124,590 86.07% 49114 Refunding Bond Issue - 2021 836,763 97,981 10.56% 49300 Series 2022 Bond Issue 726,325 0 54.80% 49310 2015 - Exit One/Capital Projects 208,875 67,875 32.05% 49411 Public Safety Capital Outlay Note 0 48,955 0.00% 49412 Public Safety - Lease Purchase 37,800 481 0.00% 49413 Public Safety - Capital Outlay Note 106,917 30,000 95.44% 49414 Public Safety - Lease Purchase 53,530 106,309 100.00% Total Expenditures 2,115,774 476,192 39.43% Total ## TML Loan Fund if) 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 1,237,925 20.69% 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 0 155,494 0.00% Total Revenues and Other Sources 13,279,613 2,018,419 10.91% EXPENDITURES 41800 Bldg & Grounds/Maintenance 500,000 13,900 37.64% 41920 Multi Purpose Pavillion - Town Ctr 0 0 0.00% 43110 Multi Modal Project - Ringgold Road 4,000,000 1,852,089 37.03% 43121 North Mack Smith Road 4,850,000 101,826 3.62% 43122 Resurfacing Projects 500,000 0 0.36% 43123 Park Ridge Access Road 0 0 0.00% 44410 Parks & Recreation 0 18,498 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 8.79% 44425 Dickert Pond Boardwalk & Pier 0 2,200 42.02% 44426 Fuel Tank - Public Safety Facility 125,000 0 0.00% 47200 Economic Development 50,000 29,906. 40.00% Total Expenditures 11,625,000 2,018,419 17.58% Total ## Capital Projects Fund 1,654,613 0 FISCAL YEAR ENDING 06/30/2024 Year-To-Date by Amount Variance Account Description BUDGET FY 2023 FY 2024 YTD Avg Yr % 410 ARPA FUND REVENUE 37940 Transfer In 0 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 12.34% Total Expenditures 4,142,192 220,847 12.34% Total ## Capital Projects Fund LD