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02/16/2021 04C 2020 4th Quarter Financial Report to\'4\lyy tbxk ik 1 PP1-:4P PPP g. A P p P 1 PPi ittYlltYlt.\ta. BUSINESS OF THE CITY COUNCIL YAKIMA, WASHINGTON AGENDA STATEMENT Item No. 4.C. For Meeting of: February 16, 2021 ITEM TITLE: 2020 4th Quarter Financial Report SUBMITTED BY: Steve Groom, Director of Finance & Budget Kimberly Domine, Financial Services Division Manager SUMMARY EXPLANATION: The Fourth Quarter Financial Report for 2020 is attached and consists of the following: 1. Summary Narrative 2. Financial Reports • Cash Balance Trend • Material Revenue Performance Charts • Fund Balance Summary • Revenue and Expenditure Comparison to Budget and Actual Year-to-Date • General Government Revenue Historical Year-to-Date Detail • General Government Expenditure Historical Year-to-Date Detail • Other Funds - Revenue, Expenditure and Fund Balance Summary This is an informational update, pending completion of year-end close process and independent audit. ITEM BUDGETED: NA STRATEGIC PRIORITY: Public Trust and Accountability APPROVED FOR SUBMITTAL BY THE CITY MANAGER RECOMMENDATION: Review only. Submitted for routine transparency and accountability. ATTACHMENTS: Description Upload Date Type D 0204th ua er Financial 1Jpdate 211112021 r Me o 2 o V'':* �y�,�''',,, IL44 4.** � .�r4'',, FINANCE DEPARTMENT ,,,,,,4-:** • . 0 l'''c):. ..},),: cor , . . , ,,,, . . - % 4. *... ...* *1* 4, ,,,,, -.........-9,e, , ,'.1ICO4POHATE0'$; To: Mayor and City Council Bob Harrison From: Steve Groom Kimberly Domine Kathy Miles Date: February 2,2021 Subject: 2020 4th Quarter Financial Update This financial update is a preliminary, unaudited,report for the 4th quarter ended December 31,2020,four quarters,or 100%of the year,intended to inform and assist governance decisions for future planning. In total,city revenues are at 80.4%of budget and expenditures are at 70.6%of budget;CARES Act amendments increasing budgeted revenues and expenses affected these percentages uniquely this year. The timing of Property Tax Revenue,coming in,and the timing of Capital Fund Expenditures,going out, are normally the biggest reason that revenues and expenditures are below 100% at this point in the year, and audit adjustments to account for revenues received on a 2-month lag will be continuing through February. This year,the economic impact of the COVID-19 was substantial on Sales Tax,which rebounded and on Lodging Tax and Building Permit fees,discussed further below. Cash position and revenue charts on the following pages provide insight into the monitoring of revenue and the management of expenses. The Quarterly Treasury report,a separate report also available on the City's website,provides further cash and investment analysis. All invoices are not yet received and complete accrual analysis is done at year-end,not quarterly, so this report is intended as a progress report until the annual independent audit is completed. COVID-19's effects on 2020 results As has been monitored and reported continuously,there was a substantial economic effect on the City's budgeted revenues: • Sales Tax had significant downturns during two months,recovered to approach budgeted levels • Lodging Tax had a significant downturn and will likely be down through all of 2021 • Building Permits,Fire Inspection Fees,Gambling Revenues and Utility Taxes all decreased during 2020 and are being monitored monthly. CARES Act was utilized for reimbursement of un-budgeted pandemic-related expenses and for public safety personnel costs. The City's airport and transit divisions received specific CARES Act assistance. 3 As year-end dose out and audit preparation proceeds,final accounting will focus on a large number of reconciliations and updates. General Fund's Performance to Budget General Fund Revenues in total are at 88.2%;the largest components are: • Property Tax is at 97.0%. • Sales Tax is at 101.5%. • Utility and Franchise Taxes are at 96.7%. • Gambling Tax is at 48.4% • Building Permits finished at 63.1% • Fire Inspection Fees is at 13.2% General Fund Expenditures in total are at 83.6%;subject to year-end accruals. The CARES Act complicated accounting this year; the 2020 budget was amended for both additional revenues and expenses,however as eligibility guidelines evolved, the City was able to seek reimbursement for expenditures such as public safety personnel costs. The largest component variances are: • Police expenditures are at 89.1% • Fire Expenditures are at 99.3%. • Information Technology expenditures are at 64.3%. 4 REVENUE UPDATE The City Council's current top strategic objective is improving the General Fund's fund balance. To accomplish that goal,the City is monitoring revenues and managing expenses. Due to the potential and on-going economic effects of COVID-19,revenues are monitored and reviewed monthly. Cash &Investments As a current over-all indicator, the 4-year historic core city-wide cash and investments balance trend shows December at$103.1 million. Each month is best compared to the same month in previous years to account for seasonality and other annual events. CASH AND INVESTMENTS HISTORY $125,000,000 - $100,000,000 - $75,000,000 - $50,000,000 - $25,000,000 - $0 i } i I i i I . i I i i y\3,y�•b'1d\3OC•" \,y�, \ 1.(S.1 y\,y�,10d\���90 ci O N9 1\,1�h09\�,y�.10y\3.0b\� \�'SP?' \�y�y�i \31S.1,O oa\3�,�0 1S99 4/5)�\� \3 Sales Tax This is the largest single funding source for the city,and indudes revenues across several funds. The 4th quarter cumulative of$31.5 million falls short of budget by$250,268 or 0.8%and is less than prior year by $100,054,subject to further audit accrual entries. The city receives sales tax from the State on a 2-month lag from the actual point-of-sale transactions so these figures are for sales transactions through October. The graph below shows Sales Tax revenues for all funds, not just General Fund (see p. 9). SALES TAX REVENUE $40,000,000 - $30,000,000 - $20,000,000 - $10,000,000 - $0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Budget Cumulative Current Year Cumulative Prior Year Cumulative Finance Quarterly Report-Page 3 5 Property Tax The 4th quarter cumulative revenue tracked roughly on budget The 2020 budget increased by$3 million 0 0 due to assessed valuations (a combination of existing capped at 1%and new goixth). PROPERTY TAX REVENUE $30,000,000 - $20,000,000 3- $10,000,000 $0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Budget Cumulative Current Year Cumulative Prier Year Cumulative Water The 4th quarter cumulative revenue of 510.6 million through December is tip$173,317 over budg0et. 0 WATER REVENUE $15,000,000 - $10,000,000 $5,000,000 $o _ 1 jan Feb Mar Apr May jun Jul Aug Sep Oct Nov Dec Budget Cumulative Current Year Cumulative Prior Year Cumulative a inance Quarterly Report-Page 4 6 ReflISe The 4th quarter cumulative revenue of 96.6 million is up f.421,296 over budget and $211,233 over prior year. REFUSE REVENUE $7,500,000 - $5,000,000 -1 $2,500,000 -1 $o Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Budget Cumulative Current Year Cumulative Prier Year Cumulative Lodging Tax The 4th quarter cumulative revenue of$839,570 is down$730,4301mder buciget and down$759,749 compared to prior vear. In the comin 0 a months through 2021 revenue is expected to fall short of prior year due to the COVID-19 Emergency. LODGING TAX REVENUE $2,000,000 $1,000,000 a so i 5 5 I Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Budget Cumulative Current Year Cumulative Prier Year Cumulative a inance Quarterly Report-Pape 5, Airport The 4th quarter cumulative revenue of S1.6 million is up S118,454 over budget and up$190,662 over prior year. This measure includes all airport revenues which include airline landing fees, commercial rents, parking lot revenue,car rental and general aviation. Positive variance is largely due to CARES Act / Intergovernmental revenue. AIRPORT REVENUE $2,000,000 — $1,000,000 -1 $0 s SIM 51 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Budget Cumulative Current Year Curnulative Prior Year Curnulative Building Permits The 4th quarter cumulative revenues of$601,045 are down$351,425 below budget and S212,995 below prior year. BUILDING if REVENUE $1,500,000 - $1,000,000 - $500,000 $0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Budget Cumulative Current Year Cumulative Prior Year Cumulative glance Quarterly Report-Page 6 8 CTTY-WIDE FUND BALANCE SUMMARY CHANGE IN FUND BALANCE 21)20 As of December 31th Beginning 2020 2021) Ilnd.ing Balence Actual Rev. Actual Exp. Balance General Fund S 10,757,521 $ 66,349,399 S 62,483 985 $ 14;622935 Parks and Recreation 666,337 4,338,218 4,387,823 616,732 Street&'tlaffit Operations 179,146 7,599,414 7,256223 521,367 (.eueral Government Subtotal 11,603,004 78,287,061 74,128,031 15,762,034 Other Governmental Operating Funds 5,708,398 11,670,946 13,277,341 4,102;003 Government Capital Funds 13,888,067 21_042;393 16,199,912 18,730,548 Enterprise Operating Funds 20,534,604 58,550,739 50,310,412 28,774,931 Enterprise Palatal Ihrnd, 35,971,784 7,60o,784 9,307,324 34,272,244 Internal Service Funds 3,956,B91 7,127,571 7,66B,248 3,416,214 Employee Benefit Reserve 4,742,177 14,360,386 13,979,901 5,122;662 Risk Management Reserves 2,643,898 4;396;940 3,512,686 3,528,152 Debt Service& Agency Funds 2269,354 15,275,671 14,760,359 2;785,166 Total S 101,i1.9,677 $ 718,318,491 S 703,144,714 $ 116,493,954 This is a progress report to provide transparency and accountability. This table shows fund balances by fund at this point in time, however due to timing of seasonal fluctuations such as Properly Tax revenues that come in twice a year,and debt payments made periodically,as well as other seasonal factors, this is intended to provide transparency and accountability but is not a reliable measure of predicted year-end. Annual audited financial reports are provided annually and can be compared year to year. Finance QuarterlyReport-page 7 9 CITY WIDE REVENUES & EXPENDITURES BY FUND GROUPING REVENUE COMPARISON (Budget vs. Actual) 2019 2020 Annual Actual % Amended Actual as of 12/31 Reed Budget as of 12131 Reed General $ 67,099,116 99.1 "% $ 75,227,693 $ 66,319,399 88.2 % Parks and Recreation 57331,879 101.4 % 5,551,742 4,338,218 78.1 % Street&Traffic Operations 5,345,059 92.4 % 8,661,450 7,399,444 87.7 General Government Subtotal 77,776,084 99.0 % B9,440,885 78,287,061 87.5 % Other Government Operating Funds 13,719,920 80.8 % 18,028,690 11,670,916 G1.7 % Government Capital Funds 14,431,233 34.1 % 33,183,760 21,042,393 55.1 % Interluise Cperatng hand, 61,S80,409 102.2 % 66,779,346 5S,550,7i9 87.7 El derprise Capita I Finds 12,107,198 60.9 % 13,009,100 7,606,7B4 58.5 % Internal Service Funds 3,979,909 97.0 % 8,45707 7,127,571. 84.3 % Employee Benefit Reserves 15,601,701 95.2% 16,180,661 11,360,386 S71 % Risk Management Reserve 4,411,663 101.5 % 5,037,870 4,396,940 37.3 % Debt Service&Agency Funds 6,861,195 91.1 % 16,200,206 15,275,671 91.3 % Total $ 212,822,620 S4.2 % $ 271.,61.7,60E $ 218,318,491 80.4 % EXPENDITURE COMPARISON (Budget vs. Actual) 2019. 202(1 Annual Actual 0/ Amended Actual as of 12/31 Exp'd Budget as of 12/31 Exp'd General $ 65,403,498 96.3 % $ 74,784, 98 $ 62,483,985 83.6 % ('arks and. Recreation 4,948,970 95.3 % 5,612,841 4,387,823 78.2 % Street&'Fraffic The rations 5,636,166 73.6 % 8,694,368 7,256,22:3 83 5 % General Government Subtotal 75,933,634 94.1 % S9,092,207 74,128,031 S3.2 % Other Government Operating Funds 13,552,812 79.3 % 13,403,003 13,277,341 72.1 % Government Capital Funds 16,078,250 35.1 % 35,772,446 16,199,912 43.3 % Enterprise Operatht Funds 57,432,2�56 92.2 % 70,890,869 50,310,412 71.0 % Interluise Capital l-uride 12,233,S38 44.8 % 23,268,221. 9,307, 24 36S % Internal Service Funds 6,838,179 70.7 % 10,791,212 7,668,218 71.1 % Employee Benefit Reserves 14,137,244 87.7 % 16,242,79S 13,979,901 36.1 % Risk Management Reserve 3,997,298 92.91, 5,017,122 3,512,686 69.6 °% Debt Service& Agency Funds 6,714,763 89.3 % 16,140,617 14,760,359 91.4 % Total $ 206,973,274 76.4 S 287,633,830 $ /03,144,214 706 Finance Quarterly Rep ort-page S 10 GENERAL GOVERNMENT REVENUE DETAIL GENERAL GOVERNMENT REVENUES 2020 Revenues as of I)ecem hear 31. Amended Percent General Fund 2018 2019 21)20 Budget Reed Property Tax S 9,960,041 $ 10,174,747 S 10,289,701 $ 10,606,500 97.0 General Sales Tax 17,183,952 18,266,116 18,832,886 18,552000 101.5 % Grim. Justice Sales Tax 3,621,037 3,631.802 3,754,970 3,701.701 101.4 ^/ Utility I ranchise. Taxes 17,447,022 18,240,S63 18,503,461 19,141,970 96.7 % Oa Le Taxes 1,012,191 1,043,835 551,416 1,080,000 31.1 % I icerises and Permits 1,686,719 1,751,787 1,607,655 1,905,970 84.3 % lntergov't Revenues 3,711,076 3,762,209 7,021,258 9,011,712 77.9 Charges for Services 8,326,255 6,996,717 2,819,032 7,881,311 35.8 ^/ Fines and Forfeitures 1,755,518 1,598,206 1,017,277 1,812;000 56.1 % Ott icr Revenue 1,008,038 1,632,504 1,948,739 1,531,550 127.29b I otal General Fund 66,047,349 67,099,146 66,344,39S 75,777,694 88.7 % Parks Sz Recreation Property Tax 2,505,558 2,560,000 2,826,147 2,826,117 100.0 % lntergov't Revenues 100,190 85,755 61,159 69,330 92.5 % i hares for Services 884,870 807,068 21.1,166 975,250 21..7 % Other Revenue 1,688,868 1,879,057 1,236,746 1,681,015 73.6 % I ota l Pa arks&Recreation 5,179,786 5,331,880 4,338,718 5,551,747 78.1 % Streets Property Tax 3,629,305 3,121,325 1,016,311 1,016,311 100.0 Other T axes 4,715 — — -- rI/a Iritergav t Revenues 1,91.7,190 1,517,474 1,368,588 1,513,000 90.5 % charges for Services 562,379 652,852 252,350 676,636 37.3 % Other Revenue 172,620 53,409 1,962,192 2;155,500 79.9 % Total Streets 6,286,209 5,315,059 7,599,144 8,661,150 87.7 % Iota I General Government $ ,513,344 $ 77,776,085 $ 78,287,060 $ 89,440,886 87.5 % Finance Quarterly Rep ort-rage 9 ii GENERAL GOVERNMENT EXPENDITURE DETAIL GENERAL GOVERNMENT EXPENDITURES 2020 Expenditures as of l)ecembee 31 Amended I'ercent 2018 2019 2020 Budget Exp'd Police $ 29,260,677 $ 29,104,250 5 27,413,559 $ 30,773,407 89.1 Fire 14,403,116 15,085,424 15,393,527 15.507,039 99.3 % City Management' 424,018 599,154 2,459,775 5,692,.736 43.2% Information Technology 3,343,615 3,413,777 2,679,023 4,166,089 64.3 % Code Administration 1,934,180 1,915,413 1,800,409 1,986,531 90.6 % 1,egal 1,656,089 1,741,756 1,708,639 1,980,706 86.3 % Finance 1,669,698 1,660,.372 1,277,368 1,906,304 67.0 % Interfund Distributions 2,085,575 2;399,617 1,501,831 1,879,760 79.9 % Municipal Court 1,601,371 1,602,967 1,625,660 1,783;999 91.1 % Firemen's Relief/Pension 1,123,935 1,152,205 1,179,676 1,176,041 100.3 % indigent I)efense 1,015,983 1,053,270 1,077,221 1,050,000 102.6 % Police Pension 798,375 7 3,81.9 730,397 867,197 84.2 % Planning 610,984 705,020 812,283 8'56,262 94.9 % Engineering 686,953 675,522 720,412 801,153 89.9 % City Clerk/Records 622,093 686,117 271,601 779;047 34.9 % Human.Resources 685,227 728,003 479,364 770,739 62.2 % Purchasing 600,219 688,158 225,744 686,784 32.9 % City Hall I acility 495,872 562,556 356,1.45 604,700 58.9 % Clean City Program 10,616 200,183 3885,288 52.0 % Parking 176,663 146,411 156,566 280,187 55.9 % City Council 252,979 243,791 121,533 275,790 44.1 % Economic Development 399,622 278,663 152,201 252,548 60.3 % intergovernmental 150,680 146,617 140,865 162,689 86.6 % Contingency - - - 160,000 n/a Total General Fund 63,997,924 65,403,498 62,483,982 74,784;996 83.6 % Parks&Recreation Fund 4,931,743 4;948,970 4,387,823 5,612,.841 78.2% Street& Traffic Ops. 6,665,852 5,636,166 7,256,223 8,694,368 83.5 % Total General Government $ 75,595,519 $ 75,988,634 $ 74,128,028 $ 89,092,205 83.2 % t City Management expenditures include extraordinary expenses specific to CARES Act recovery and reimbursement. Finance Quarterly Report-Pagel() 12 OTHER FUNDS DETAIL OTHER GOVERNMENT OPERATING FUNDS 2020 As of December 31 Beginning 2020 2020 I3nding Fund Balance Actual Rev. Actual Exp. Ba lance Economic Development 5 54,454 $ 109,309 $ 110,750 $ 53,013 Neighborhood Development 703,369 857,785 1,897,290 (336,136) Community Relations 799,493 7'38,718 638,503 899,708 Cemetery 149,216 293,628 313,535 129,309 Emergency Services 78,401 1,588,301 1,515,246 151,456 Public Safety Communication 905,62.3 3,975,425 4,306,511 574,537 Police Grants 1;199,193 284,074 457,681 1,025,586 PBIA(Park/Bus Improvement Area) 57,284 184,024 125,499 115;809 Trolley 45,791 11,275 12,395 44.671 Front Street Bus Improvement Area 3,546 4,047 3,315 4,278 Convention Center(Tourist Promo) 287,72.2 891,687 993,673 185,736 Capitol Theatre 34,275 479,865 437,851 76,289 PFD-Convention Center 1;043,475 1,042,723 1,040,989 1,045;209 Tourism Promotion Area 80,263 420,155 428,049 72.369 PFD-Capitol Theatre 266,291 789,930 996,057 60,164 'rota I Other Gov't Operating Funds $ 5,708,396 $ 11,670,946 $ 13,277 344 $ 4,101,998 GOVERNMENTAL CAPITAL FUNDS 2020 As of December 31 Beginning 2020 2020 Ending Fund Balance Actual Rev. Actual Exp. Balance Arterial Street 5 2,254,826 $ 746,779 $ 1,416,576 $ 1,585,029 Central Bus 1)ist rict Capital 61,038 11,538 77 576 Capitol Theatre Construction 201,017 60,000 1,247 259,770 Yakima Redevelopment Area 1,566,930 1,000,000 2,607,721 (40,791) Parks&Recreation Capital 395,207 1,144,697 1,148,548 391,356 Fire Capital 504,061 65,558 260,278 309,341 Law and Justice Capital 729,782 554,662 351,328 933,116 Public Works Trust Construction 3,120,163 1,298,833 907,659 3,511,337 ROUT 2 Capital 1,601,740 1,253,390 860,470 1,994,660 Street Capital 2,178,084 1,990,218 290,599 3,877,703 Convention Center Cap Improvement 713,946 12,916,718 8,181,640 5,449,024 Reserve for Capital Improvement 561,273 173,846 387,427 Total Gov't Capital Funds S 13,888,067 $ 21,042,393 $ 16,199,912 $ 18,730,548 Finance Quarterly Report-rage 11 13 ENTERPRISE OPERATING FUNDS 2020 As of December 31. Beginning 2020 2020 Ending Fund Balance Actual Rev. Actual Exp. Balance Airport Operating S 231,667 $ 1,649,328 $ 1,429,338 $ 451,157 Stormwater Operating 1,300,461 3,971,713 3,087,818 2,184,356 'I runsit Operating 4886,755 7,174,940 7,566,44.1. 4,495,254 Refuse 7,074,433 3,531,106 7,578,415 3,017,124 Wastewater Operating 7,951,286 23,930,109 19,571,795 12,312.900 Water Operating 2,998,833 11,276,547 9,297,112 4,978,268 Irrigation 1.083,163 2,016,696 1,778,994 1,325,870 Total Enterprise Operating Funds $ 20,534,603 $ 58,55(1,739 $ 50,310,413 $ 28,774,929 ENTERPRISE CAPITAL FUNDS 2020 As of I)ecerriber 31. Beginning 2020 2020 Ending Fund Balance Actual Rev. Actual Exp. Balance Airport Capital S 128,091 $ 1,571,361 $ 1,615,036 $ 351,119 Steno water Capitol 4,262,70B 900,000 1,243,860 3,918,848 Transit Capital. 6,759,9S1 389,854 38,8/5 7,1.11.,010 Wastewater Fa ilities Capital 4,034,146 729,491 402,570 4,361,067 Wastewater Construction Capital 7,980,356 225,000 3,486,763 4,718,593 Wastewater Capital 4,567,611 766,396 392,353 1,911,687 Water Capital 3,265,844 1,425,000 547,934 4,112.910 Irrigat ion Capital 4,674,01.5 1,599,679 1,549,984 4,723,710 Total Enterprise Capital Funds $ 35,972,785 $ 7,6(16,784 $ 9,307,32E $ 34,272,244 INTERNAL SERVICE FUNDS 2020 As of December 31 Beginning 2020 2020 Ending Ent d Balance Actual Rev. Actual Exp. Balance I cinipnrent Rental. $ 2,653,Si18 $ 3,901,459 $ 1,855,769 $ 2,69952S Lmwroranerdal 655,151 91,038 190,918 555,271 Public Works Administration 656,066 1,312,045 1,591,966 376,145 Utility Services (5,164) 1,823,028 2,029,591 (211,730j Total Enterprise Operating Funds S 3,956,891 $ 7,127,570 $ 7,668,247 $ 3,416;214 Finance Quarterly Report-rage 12 14 EMPLOYEE BENEFIT RESERVES 2(120 As oI I)ecember,31. Beginning 2020 2020 Ending Fund Balance Actual Rev. Actual Exp. Balance llueinploymetit Comp Reserve $ 253,933 $ 221,41E $ 1.36,9:39 $ 3:38,41.9 Employees Health Ben Reserve 3,706,563 12,456,234 12,271,224 3,891,573 Worker's Comp Reserve 734,604 1,682,215 1,533,732 B83,087 WellnessjEAP 47,077 512 38,007 9,582 Total Employee Benefit Reserve S 4,742,177 $ 14,360,386 $ 13,979,902 $ 5,122;661 RISK MANAGEMENT RESERVE 2020 As of I)ece,n her 31. Beginning 2020 2020 Ending Fund Balance Actual Rev. Actual Exp. Balance Risk Management Reserve S 2,613,898 $ 4,396,940 $ 3,512,686 $ 3,528,152 DEBT SERVICE & AGENCY FUNDS 2020 As of December 31. Beginning 2020 2020 Ending Fund Balance Actual Rev. Actual Exp. Balance GO Bond Redem ption HI/Guaranty $ $ 8,863,155 $ 8,808,718 $ 54,537 1001 GO Convention Center 161,617 3,848,641 3,843,344 167,917 2005 GO Various Bonds 11,939 11,939 1996 GO LTD-Convention Center 75,485 (6,779) 68,706 Total GO Bond Redemption $ 250,041 $ 12,705,120 $ 12,652,062 $ 303,099 Water/Sewer Revenue Bond Redemption. WW Rev Bond&2008 Debt Service S (17,465) $ 412,738 $ 251,468 $ 143,805 Irrigation Bond Debt Service (21,907) 318,760 292127 4,426 WIN" Rev Bernd R,v IQ 2011 I Svc 1,592,748 1,1.69,200 1,141.,000 1.,620,948 Total WIS Rev Bond Redemption $ 1,553,376 $ 1,900,648 $ 1,684,895 $ 1,769,179 Agency Funds Yakcorps (249,653) 656,276 423,403 (16,780); Cell etery Trust 716,090 13,578 — 729,668 Total Agency Funds $ 466,437 $ 669,854 $ 42E3,403 712,88S Finance Quarterly Report-rage 13