City Manager's Report, February 2024

City of East Ridge Summary Financial Statement of Revenues and Expenditures Feb-24 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 3,642,711 58.44% 31200 Property Taxes (Delinquent) 500,000 337,160 30.72% 31610 Local Sales Tax - Co. Trustee 3,600,000 2,487,115 74.62% 31611 Incremental State Sales Tax 9,304,398 6,237,367 79.50% 31710 Wholesale Beer Tax 420,000 275,664 66.55% 31800 State Net Allocation 290,000 82,702 22.76% 31810 Minimum Business Licenses 7,000 9,217 33.96% 31824 Solictors Permit 0 0 0.00% 31827 5% State Commission 22,000 0 23.29% 31912 * Cable TV Franchise Tax 200,000 111,997 49.01% 31961 Liens Collected by Trustee 25,000 30,936 68.17% 32120 Wrecker Licenses 350 350 114.29% 32200 Alcoholic Beverage Tax 200,000 163,764 83.28% 32210 Beer Licenses & Etc. 8,000 7,884 86.01% 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 200,000 126,188 36.80% 32615 Fire Preventions/Permits 1,000 995 109.00% 32620 Electrical Permits 30,000 17,247 43.89% 32630 Plumbing Permits 15,000 12,153 65.15% 32640 Natural Gas Permits 2,000 844 75.55% 32650 Excavating Permits (St. Opening 4,000 4,230 285.00% 32660 Zoning Permits 4,000 3,850 55.00% 32671 Regular Sign Permits 3,500 2,065 81.43% 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 36,140 77.00% 32960 Yard Sale Permits 200 0 15.00% 32990 Mechanical Permits 15,000 11,990 104.47% 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 1,542,278 60.95% 33511 Interstate Telecom. Sales Tax 5,000 2,071 54.78% 33512 Sportsbetting 32,000 25,375 92.08% 33513 Occupcity Tax 1,500 917 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 57,985 78.83% 33552 State-City Streets And Transportation 40,565 20,305 58.40% 33560 Seized/Awarded by State 0 0 0.00% 33591 * TVA- Gross Receipts Tax 266,004 136,644 51.15% 33593 Corporate Excise Tax 6,000 0 0.00% 34121 Clerks’ Fees - Business Tax 2,000 4,820 60.25% 34211 Accident Report Charges 2,000 2,141 57.20% 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 65,044 58.33% 34231 Police Services ie) 187 0.00% 34314 Mowing 9,800 0 0.00% 34500 Donations - New Animal Shelter 5,000 4,038 72.30% 34515 Rabies & Spay/Neuter Cert. 500 0 45.00% 34516 Registration 500 95 278.60% 34517 Adoption 1,000 185 42.70% 34518 Board & Impound Fees 1,000 60 14.00% 34520 A/S Donations-Designated 1,000 500 30.00% 34641 Indoor Soccer Income 178,350 139,944 101.06% 34642 Community Center Income 40,000 25,743 80.13% 34643 Outdoor Soccer Fees 70,000 51,065 86.39% 34644 Baseball Fees 35,000 20,900 84.84% 34645 Softball Fees 25,000 17,793 71.44% 34646 Gate 30,000 17,911 64.20% 34648 Adult League - Softball 30,000 16,400 54.38% 34649 Concerts/Events - Camp Jordan 10,000 3,850 7.15% 34651 Multi-Purpose Building (Arena) 140,000 94,536 52.56% 34652 Pavilion Rental 18,000 6,155 63.17% 34653 Track Rental 2,000 288 20.10% 34654 Field Rental 62,000 52,599 53.93% 34655 Amphitheater 14,000 10,500 76.28% 34656 Concessions 40,000 26,045 79.51% 34657 Overnight - Rv Rental 18,000 15,625 50.54% 34658 Tournament Team Fees 1,500 ie) 156.33% 34712 Sponsorship/Parks & Rec 5,000 2,700 41.00% 34720 Football Gate 3,000 0 164.64% 34751 Basketball Gate 18,000 16,851 96.85% 34742 Basketball Player Fees 16,000 15,730 140.44% 34743 Football Player Fees 11,000 10,090 154.42% 34744 Photography 1,200 679 47.24% 34745 Vending/Concessions 8,000 4,469 174.51% 34746 Cheerleading 2,000 1,608 47.00% 34747 Rent-Arena Equipment 25,000 0 54.27% 34749 Soccer Field Rentals 60,000 39,810 100.37% 34760 Library Charges 1,200 729 46.58% 34761 Library - Copies 1,500 323 40.33% 34794 Community Center M. Fee 1,000 565 1.00% 35100 Municipal Court Fines & Costs 400,000 239,448 51.12% 35110 Fortfeiture of Bond 0 0 0.00% 35120 Public Defender Fees 500 25 0.00% 35150 Diversion Filing 300 0 0.00% 36100 Interest Earnings 5,000 5,937 131.54% 36211 Rent - Cell Tower 42,925 8,617 89.96% 36310 Sale of Land 0 250,000 0.00% 36330 Sale Of Equipment 10,000 16,046 16.25% 36350 Insurance Recoveries 50,000 42,500 107.66% 36901 Pipes/Culverts 3,000 1,245 10.73% 36902 Repayment - Damages- Traffic Device 0 0 0.00% 36903 Christmas Parade 500 645 119.00% 36905 Police - Sale of Surplus 15,000 10,937 105.76% 36906 Fire - Sale of Surplus 5,000 3,676 15.33% 36990 Miscellaneous Revenues 25,000 29,550 15.99% 36992 Hamilton County 20,000 0 0.00% 37200 AHO - Fines/Court Costs 1,500 300 0.00% Use of Fund Balance 0 0 0.00% FISCAL YEAR ENDING 06/30/2024 Year-To-Date by Amount Variance Account Description BUDGET FY 2023 FY 2024 YTD Avg Yr % Total Revenues 26,480,310 24,835,683 68.51% EXPENDITURES 41000 General Government 1,308,188 924,363 84.28% 41100 Administrative 1,051,215 705,561 60.91% 41111 City Council 99,490 64,189 64.94% 41210 Municipal Court 395,640 250,966 56.80% 41520 City Attorney 137,075 89,619 50.60% 41800 Buildings & Grounds Maintenance 362,274 207,535 45.26% 41900 City Hall Complex 51,975 38,968 60.83% 42100 Police 2,525,428 1,252,698 68.81% 42121 Criminal Investigation 879,088 451,779 48.70% 42123 Patrol 2,811,004 1,720,462 67.82% 42125 School Resource 300,000 0 21.00% 42125 Traffic Division 343,290 109,425 32.00% 42200 Fire Department 3,654,114 1,753,572 68.53% 42400 Building/Planning/Zoning 688,506 362,185 66.92% 43110 Highway And Street 640,288 292,153 63.19% 43120 Traffic Control & Street Markers 389,132 210,393 67.92% 43170 Transfer Station/Brush Pit/Fleet 9,600 6,941 106.00% 44140 Animal Control 339,617 197,068 60.56% 44410 Parks and Recreation 1,151,350 546,651 65.99% 44420 Multi-Purpose Recreation Bldg 278,454 156,313 59.39% 44430 Community Center 303,540 101,195 57.67% 44450 McBrien Complex 1,400 733 47.03% 44610 Soccer - Recreation 69,400 29,063 48.22% 44620 Soccer - Indoor 72,700 73,325 149.43% 44630 Baseball/Softball 82,700 21,607 47.05% 44640 Football/Cheer 17,550 13,893 98.99% 44650 Adult Softball 54,800 20,485 41.08% 44700 Basketball 18,000 8,017 134.90% 44800 Libraries 301,906 166,087 53.86% 44810 History Museum 1,225 636 24.65% 46500 Community Development Programs 10,000 7,403 38.63% 43530 Transfer to ARPA Fund 0 0 0.00% 47200 Economic Development 6,705,798 7,388,126 94.50% 49100 Debt Service 96,013 0 100.00% 49400 Capital Projects - Transfer Out _ 2,279,613 375,000 0.00% Total Expenditures 27,430,373 17,546,411 68.61% Total ## General Fund 0 7.289.272 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 0.45% 33460 State Grant - HIP Funds 260,000 4,669 4.91% 33550 2017 Gas Tax Improve 200,000 118,522 50.45% 33551 State Gasoline And Motor Fuel Tax 570,000 346,288 60.03% 36100 Interest Earnings 100 119 124.02% 36330 Sale of Equipment 0 0 0.00% Use of Fund Balance 1,474,849 0 0.00% Total Revenues and Other Sources 2,919,949 472,704 31.68% EXPENDITURES 43190 State Street Aid 2,919,949 220,529 6.52% Total Expenditures 2,919,949 220,529 6.52% Total ## State Street Aid Fund SSS ee Ae 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 IRREVENUE 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 3,000 100.00% 36100 Interest Earnings 0 13 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 64.91% 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 29,133 63.24% EXPENDITURES 21211 Due to General Fund 0 0 0.00% 43150 Grants 210,000 28,621 83.10% Total Expenditures 210,000 28,621 83.10% Total ## Grant Fund | aa 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 93,922 106.79% 35200 Drug Fines 20,000 18,685 39.30% 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 67,000 112,607 77.48% EXPENDITURES 42129 Drug Investigation and Control 67,000 10,270 10.04% Total Expenditures 67,000 10,270 10.04% Total ## Drug Investigation Fund _0 102.337 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 0 455,000 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 ———— 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 1,071,607 65.47% 34418 Extra Cans 1,500 1,245 86.00% 34420 Dumpster Rentals 6,000 2,306 49.33% 34422 Recycling - Transfer Station 2,000 2,404 187.15% 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 0 392,505 0.00% Total Revenues and Other Sources 1,640,979 1,470,535 65.52% EXPENDITURES 43200 Solid Waste 1,906,979 1,470,535 68.98% Total Expenditures 1,906,979 1,470,535 68.98% 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 713,774 416,088 62.15% 36100 Interest Earnings 1,000 31,169 7055.97% 37940 Transfer In 1,401,000 0 23.52% Use of Fund Balance 0 0.00% Total Revenues and Other Sources 2,115,774 447,257 39.87% 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 18,915 67.57% 49310 2015 - Exit One/Capital Projects 208,875 210,750 100.00% 49410 Public Safety Capital Outlay Note 0 48,955 49411 Public Safety Capital Outlay Note 0 481 0.00% 49412 Public Safety - Lease Purchase 37,800 30,000 0.00% 49413 Public Safety - Capital Outlay Note 106,917 106,309 95.44% 49414 Public Safety - Lease Purchase 53,530 0 100.00% Total Expenditures 2,115,774 637,982 50.52% Total ## TML Loan Fund ——' 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 1,739,630 32.70% 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 ie) 38,504 0.00% Total Revenues and Other Sources 13,279,613 2,403,134 17.24% EXPENDITURES 41800 Bldg & Grounds/Maintenance 500,000 14,867 37.64% 41920 Multi Purpose Pavillion - Town Ctr 0 0 0.00% 43110 Multi Modal Project - Ringgold Road 4,000,000 2,164,025 49.51% 43121 North Mack Smith Road 4,850,000 109,303 4.33% 43122 Resurfacing Projects 500,000 0 0.36% 43123 Park Ridge Access Road 0 0 0.00% 44410 Parks & Recreation 0 22,908 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 9.78% 44425 Dickert Pond Boardwalk & Pier 77,417 62,125 42.14% 44426 Fuel Tank - Public Safety Facility 125,000 0 0.00% 44430 Community Center - Upgrade 0 0 0.00% 47200 Economic Development 50,000 29,906. 40.00% Total Expenditures 11,702,417 2,403,134 23.30% Total ## Capital Projects Fund _—__ 1,577,196 ti} 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 4,142,192 220,847 0.00% EXPENDITURES 44424 Animal Shelter Facility 3,142,192 0 8.69% 46490 Stormwater Projects - Ringgold Road 1,000,000 220,847 50.70% Total Expenditures 4,142,192 220,847 29.70% Total ## Capital Projects Fund ee a