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Home My WebLink About2005 Fund Financial: UHGID FundUNAPPROPRIATED FUND BALANCE Beginning of the Vear SOURCES OF FUNDS Property/Owner. Tax Lot Revenues Meterhood 8 Tokens Interest Blue LighV Other Miscellaneous Revenue Trensfers irom General Fund TOTAL SOURCES OF FUNDS USES OF FUNDS Parking Services Operations Downtown 8, Univereity Hill Management Division Eco-Pass Progrem SiCkNacation ACCfual Capital Replacement iieserve TOTAL OPERATING USES OF FUNDS TRANSFERSTO OTHERFUNDS Cost Allocatlon Carryovers & Encumbrances TOTAL USES OF FUNDS SicWVacation Accrual Adjustment UNRESTRICTED FUND BALANCE Designations: Designated Reserve Natural Disaster Reserve Sick and Vacation Liability Reserve SURPLUSI(DEFICIn vs RESERVE GOAL CITY OF BOULDER 2005 FUND FINANCIAL UHGID FUND 2003 2004 2005 2006 2007 2008 2009 2010 ACTUAL REVISED PROPOSED PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED $527,112 $581,670 $570,083 $673,885 $658,164 $694,538 $770,074 $837,250 25,048 25,310 26,011 26,733 27,476 28,242 29,031 29,843 161,234 153,675 156,408 164,337 164,337 185,725 785,725 187,410 5,163 3,500 4,000 4,000 4,000 4,075 4,075 4,075 13,039 23,191 10,775 11,602 12,439 13,127 14,554 15,824 300 895 0 0 0 0 0 0 195,287 165,000 175,000 175,000 175,000 201250 201,250 201250 $400,071 $371,571 $372,194 $381,672 $383,252 $432,419 $434,635 $438,402 $172,868 $171,597 $171,193 $174,315 $177,495 $180,733 $184,032 $187,393 142.690 108,744 108.843 110.841 112.876 114.949 N7,061 119,212 450 636 636 646 656 666 676 686 581 501 501 501 501 501 501 501 9,000 9,000 9,000 9,000 9,000 9,000 9,000 9,000 $325,589 $290,478 $290,173 $295,303 $300,528 5305,849 $311,270 $316,792 79,403 79,212 38,720 42,592 46,851 51,536 56,690 62,359 0 64,338 0 0 0 0 0 0 $344,992 $383,598 $328,893 $33~,895 $347,379 $357,385 $367,960 $379,151 581 (501) (501) (501) (501) (501) (501) (501) $581,610 $570,083 $613,885 $658,164 $894,538 $770,074 $837,250 $897,002 86Q48 95,900 82,223 84,474 86,845 89,347 91,990 ' 94,788 3,966 6,197 5,916 6,200 6,248 6,935 7,002 7,115 11,204 11,705 72206 12,707 13,208 13,709 14,210 14,711 $480,191 $456,282 §513,540 $554,783 $588,238 $660,083 $724,048 $780,388 2005 UHGID Sources of Funds Lot Revenues $156,408 42% Meterhood & Tokens $4,000 1 % Interest $10,955 3% Street Meters $175,000 4Z14 TOTAL SOURCES OF FUNDS $372,374 100% ~ UHGID SOURCES OF FUNDS Property/Owner ~ ship Tax 0 Street Meters ~ 7 ~ 47% ~ - Lot Revenues 42% / \ Meterhood & Interest Tokens 3% 1% 2005 UHGID Uses of Funds Expenses % Parking Operations $181,507 55% Downtown & University Hill Managemeni 108,772 33% Cost Allocation 38,72~ 12% TOTAL USE OF FUNDS $328,999 100% UHGID USES OF FUNDS Cost Allocation 12% Parking Oowntown 8 Operatio~s University Hill ~ 55% Management 33% MEMORANDUM TO: UHGIDAdvisoryCommittee FROM: Donna Jobert, Financial Analyst SUBJ: 2004 3rd Quarter Revenues and Expenditures DATE: November 7, 2004 Shown below is a summary of YTD 2004 revenues and expenditures. The 2004 budget and 2003 year-to-date actuals are shown for comparative purposes. Revenues are 79 % collected but are down $5,316 when compared to last year. This is primarily due to 2003 excess meter ravenue of 27,294. Parking revenues are on target to finish the year slightly over budget., and are overall $6700 higher than last year. Expenditures to dafe equal 67 % of budgetetl expenses antl are $22,255 above last year's expenditures. Variations from last year include the Hill Business Plan, Uni Hill 2k Race (which will be oflset by revenue) and general increases. We have pro~ected expenses for the full year and expect to spend all budgeted dollars. Overall, revenues and expenditures are on target for the year. UHGID Revenuea and Expenditures • Jan-Sept 2004 2004 2003 Yearto Date 2004 % Revenues Revenues Revenue Collected Budget Collected Collected DiHerence Taxes $23,672 $25,310 93.53% $22,599 $1,073 StreetMeters $133,820 $165,000 81.10% $124,619 $9201 14th Street Lot $36,049 $53,831 86.97 % $44,811 ($8,762) Pennsylvania Lot $44,613 $55,480 80.41 % $40,825 $3,788 Pleasant Lot (pertnits) $23,907 $30,532 78.28 % $20,580 $3,321 PleasaN Lot (meters) $10,624 $13,832 76.81 % $11,431 ($807) Tokens $228 $1,000 22.80% $380 ($152) Meterhoods $5,446 $2,500 217.84% $2,857 $2,595 Operatinq Trensfers $0 $0 -- $27,294 ($21,294) Uni Hill 2k $6,337 $0 #DIV/01 $0 $6,337 Miscellaneousrevenues $0 $895 0.00% $300 ($300) Interest $8,526 $23,191 3676% $8,842 ($376) " TOTAL """"""""_"""""""""""'" $293,276 """""""""" " $371,571 """"""""""' 78.91 % """""' $298,532 """"""""" (55,316) 2004 ReviseJ 2003 Yearto Dete 2004 Total Yearto Date Expenditurea Expenses Budget Expanded Activity Difference Parking Svcs Pereonnel $87,482 $111,201 7327% $76,359 $5,123 Parking Svcs Non-personnel $35.752 $71,396 49.24% $37,646 ($2,494) DUHMDPersonnel $51,172 $73,502 69.fi2% $46,244 $4,928 DUHMDNon-personnel $17,794 $26,244 65.52% $25,960 ($8,766) CostAlloratioNBenefitfund $74,409 $19,212 75.00% $14,552 ($143) Economic Vitality- Markating $16,383 $32,438 50.51 % $21,301 ($4,978) EconomicVitaliry-BUSPIan $79,600 $30,400 64.47% $0 $19,600 Um Hill2k $7,225 $0 #DIV/0! $0 $7,225 Eco-PassProg. $0 $636 0.00% $450 ($450) Assessmant District Payback SO $D -- -$2,150 $2,750 Capital Replacement Reserve $9,000 $9,000 100.00 % $9,000 $0 TOTAL """"""""""""""""""""""" S251,617 '_""""'_""' _ $374,029 __'_"_____________ 6727% __________________.__ $229,362 ________'_______" $22,255