City Manager's Report, January 2024

City of East Ridge Summary Financial Statement of Revenues and Expenditures Jan-24 Jr ed 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 3,063,642 49.72% 31200 Property Taxes (Delinquent) 500,000 316,856 27.56% 31610 Local Sales Tax - Co. Trustee 3,600,000 2,126,496 63.85% 31611 Incremental State Sales Tax 9,304,398 6,237,367 79.50% 31710 Wholesale Beer Tax 420,000 242,153 58.70% 31800 State Net Allocation 290,000 67,989 18.68% 31810 Minimum Business Licenses 7,000 7,388 33.96% 31824 Solictors Permit 0 ie) 0.00% 31827 5% State Commission 22,000 0 16.67% 31912 * Cable TV Franchise Tax 200,000 78,601 34.30% 31961 Liens Collected by Trustee 25,000 15,447 58.15% 32120 Wrecker Licenses 350 350 114.29% 32200 Alcoholic Beverage Tax 200,000 142,497 71.77% 32210 Beer Licenses & Etc. 8,000 6,934 79.76% 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 200,000 118,267 32.56% 32615 Fire Preventions/Permits 1,000 595 104.00% 32620 Electrical Permits 30,000 15,067 39.95% 32630 Plumbing Permits 15,000 9,987 55.13% 32640 Natural Gas Permits 2,000 844 75.55% 32650 Excavating Permits (St. Opening 4,000 4,230 180.00% 32660 Zoning Permits 4,000 3,300 53.75% 32671 Regular Sign Permits 3,500 1,670 77.86% 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 35,865 40.96% 32960 Yard Sale Permits 200 0 10.00% 32990 Mechanical Permits 15,000 11,150 85.39% 33140 ARPA Funds - Federal 0 3,142,492 0.00% 33190 FEMA/TEMA FY 2021 0 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 1,286,947 49.59% 33511 Interstate Telecom. Sales Tax 5,000 1,694 47.95% 33512 Sportsbetting 32,000 13,143 51.78% 33513 Occupcity Tax 1,500 819 79.79% 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 48,988 67.05% 33552 State-City Streets And Transportation 40,565 16,921 50.05% 33560 Seized/Awarded by State 0 0 0.00% 33591 * TVA- Gross Receipts Tax 266,004 136,644 51.06% 33593 Corporate Excise Tax 6,000 0 0.00% 34121 Clerks' Fees - Business Tax 2,000 1,640 53.50% 34211 Accident Report Charges 2,000 1,880 50.35% 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 1,045 36.50% 34221 Ridgeside Fire Service Contract 116,604 55,701 58.33% 34231 Police Services 0 187 0.00% 34314 Mowing 9,800 0 0.00% 34500 Donations - New Animal Shelter 5,000 3,738 54.20% 34515 Rabies & Spay/Neuter Cert. 500 0 36.00% 34516 Registration 500 95 214.00% 34517. Adoption 1,000 185 21.50% 34518 Board & Impound Fees 1,000 60 14.00% 34520 A/S Donations-Designated 1,000 500 30.00% 34641 Indoor Soccer Income 140,000 140,034 128.75% 34642 Community Center Income 40,000 23,533 71.84% 34643 Outdoor Soccer Fees 70,000 30,680 55.67% 34644 Baseball Fees 35,000 13,700 46.79% 34645 Softball Fees 25,000 11,088 37.44% 34646 Gate 30,000 17,911 64.20% 34648 = Adult League - Softball 30,000 15,200 54.38% 34649 Concerts/Events - Camp Jordan 10,000 3,350 7.15% 34651 Multi-Purpose Building (Arena) 140,000 86,081 52.20% 34652 Pavilion Rental 18,000 $275 56.53% 34653 Track Rental 2,000 78 17.35% 34654 Field Rental 62,000 22,019 52.33% 34655 Amphitheater 14,000 10,500 76.21% 34656 Concessions 40,000 23,809 72.64% 34657 Overnight - Rv Rental 18,000 14,795 50.26% 34658 Tournament Team Fees 1,500 0 156.33% 34712 Sponsorship/Parks & Rec 5,000 2,500 41.00% 34720 Football Gate 3,000 0 164.64% 34751 Basketball Gate 18,000 10,236 55.57% 34742 Basketball Player Fees 16,000 15,730 140.44% 34743 Football Player Fees 11,000 10,090 111.85% 34744 Photography 1,200 679 47.24% 34745 Vending/Concessions 8,000 4,293 171.55% 34746 Cheerleading 2,000 1,608 47.00% 34747 Rent-Arena Equipment 25,000 0 54.27% 34749 Soccer Field Rentals 60,000 39,810 70.24% 34760 Library Charges 1,200 695 36.75% 34761 Library - Copies 1,500 292 34.32% 34794 Community Center M. Fee 1,000 390 0.00% 35100 Municipal Court Fines & Costs 400,000 207,523 40.62% 35120 Public Defender Fees 500 25 0.00% 35150 Diversion Filing 300 0 0.00% 36100 Interest Earnings 5,000 5,107 119.89% 36211 Rent - Cell Tower 12,925 7,539 290.44% 36310 Sale of Land 0 250,000 0.00% 36330 Sale Of Equipment 10,000 13,193 0.00% 36350 Insurance Recoveries 50,000 42,500 100.51% 36901 Pipes/Culverts 3,000 4,245 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 9,463 105.76% 36906 Designated Fire-Sale of Vehicles 5,000 0 15.33% 36990 Miscellaneous Revenues 25,000 22,583 15.32% 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 26,391,960 23,311,974 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 1,195,825 878,505 83.35% 41100 — Administrative 1,051,215 611,460 53.95% 41111 City Council 99,490 59,077 59.58% 41210 Municipal Court 395,640 221,521 51.36% 41520 City Attorney 137,075 74,488 37.49% 41800 Buildings & Grounds Maintenance 362,274 181,116 40.43% 41900 City Hall Complex 51,975 35,337 53.33% 42100 Police 2,515,428 1,165,591 64.33% 42121 Criminal Investigation 879,088 405,744 40.80% 42123 Patrol 2,500,004 1,513,333 67.16% 42125 School Resource 300,000 0 17.02% 42125 Traffic Division 343,290 97,507 30.10% 42200 Fire Department 3,599,814 1,586,140 63.16% 42400 Building/Planning/Zoning 642,506 321,616 64.82% 43110 Highway And Street 640,288 259,238 57.33% 43120 Traffic Control & Street Markers 389,132 186,693 60.08% 43170 Transfer Station/Brush Pit/Fleet 9,600 6,140 67.43% 44140 Animal Control 339,617 176,105 52.50% 44410 Parks and Recreation 1,076,350 499,795 61.03% 44420 Multi-Purpose Recreation Bldg 278,454 142,038 53.70% 44430 Community Center 253,290 86,868 56.95% 44450 McBrien Complex 1,400 676 47.03% 44610 Soccer - Recreation 69,400 29,063 43.97% 44620 Soccer - Indoor 72,700 54,299 127.82% 44630 Baseball/Softball 65,700 21,607 56.89% 44640 Football/Cheer 15,050 13,893 113.53% 44650 Adult Softball 34,200 20,485 60.23% 44700 Basketball 18,000 4,657 112.29% 44800 Libraries 296,906 148,529 48.44% 44810 History Museum 625 577 138.07% 46500 Community Development Programs 10,000 6,383 38.63% 43530 Transfer to ARPA Fund 0 0 0.00% 47200 Economic Development 6,705,798 7,387,863 93.32% 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 16,571,343 48.51% Total ## General Fund — 0 __ 6,760,630 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 200,000 101,763 41.84% 33551 State Gasoline And Motor Fuel Tax 570,000 298,733 51.45% 36100 Interest Earnings 100 105 107.80% 36330 Sale of Equipment 0 0 0.00% Use of Fund Balance 1,474,849 0 0.00% Total Revenues and Other Sources 2,919,949 408,376 26.89% EXPENDITURES 43190 State Street Aid 2,919,949 200.295 5.90% Total Expenditures 2,919,949 200,295 5.90% Total ## State Street Aid Fund 0 208.081 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 ) 0.00% 36100 Interest Earnings 0 11 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 2.490 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 58.16% Total Expenditures 210,000 28,621 58.16% Total ## Grant Fund SSS 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 38,544 106.79% 35200 Drug Fines 20,000 15,427 34.77% 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 53,971 76.13% EXPENDITURES 42129 Drug Investigation and Control 67,000 10,270 8.37% Total Expenditures 67,000 10,270 8.37% Total ## Drug Investigation Fund — OD ____43.702 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 93.94% 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 93.94% EXPENDITURES Economic Development 5,557,478 3,824,836 92.77% Debt Payment 1,071,520 0 0.00% Total Expenditures 6,628,998 3,824,836 77.78% Total ## Economic Development Fund a| 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 1,629,279 946,090 58.30% 34418 Extra Cans 1,500 825 64.00% 34420 Dumpster Rentals 6,000 1,906 36.67% 34422 Recycling - Transfer Station 2,000 2,404 151.33% 34426 Sale Of Mulch 200 54 0.00% 34430 Refuse Collection And Disposal 2,000 415 26.82% 36330 Sale of Equipment 0 0 0.00% 36350 Insurance Recoveries 0 0 0.00% Use of Fund Balance 0 445.628 0.00% Total Revenues and Other Sources 1,640,979 1,397,322 58.29% EXPENDITURES 43200 Solid Waste 1,906,979 1,397,322 63.76% Total Expenditures 1,906,979 1,397,322 63.76% 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 713,774 362,966 54.17% 36100 Interest Earnings 1,000 26,031 6163.72% 37940 Transfer In 1,401,000 0 23.52% Use of Fund Balance 0 87,194 0.00% Total Revenues and Other Sources 2,115,774 476,192 36.76% 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 —Es) 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 0 476,832 0.00% Total Revenues and Other Sources 13,279,613 2,339,757 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 2,164,025 43.13% 43121 North Mack Smith Road 4,850,000 109,303 3.85% 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 9.09% 44425 Dickert Pond Boardwalk & Pier 0 4,125 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 2,339,757 20.48% 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 ARPAFUND 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 44424 Animal Shelter Facility 0 0 46490 Stormwater Projects - Ringgold Road 4,142,192 220,847 15.94% Total Expenditures 4,142,192 220,847 15.94% Total ## Capital Projects Fund 0 (')