Monthly Financial and Operating Report May 2022
Table of Contents General Fund 1 Sales Tax Funds Street Improvements Sales Tax Fund 2 Park Improvements Sales Tax Fund 3 Storm Water Sales Tax Fund 4 Police Public Safety Sales Tax Fund 5 Fire Protection Sales Tax Fund 6 Use Tax Funds Animal Shelter 7 Police 8 Property Tax Levy Funds Health Property Tax Levy 9 Parks and Recreation Property Tax Levy 10 Special Revenue Funds Tourism Fund 11 Independence Square Benefit District 12 Community Development Block Grant Fund 13 Rental Rehabilitation 14 License Surcharge 15 Grants 16 American Rescue Plan (ARP) 17 Enterprise Funds Power and Light 18 - 19 Water 20 - 21 Water Pollution Control 22 - 23 Events Center Debt Service 24 Internal Service Funds Central Garage 25 Staywell Health Care 26 Worker's Compensation 27 Risk Management 28 Enterprise Resource Planning 29 Debt Service Fund Debt Service - Neighborhood Improvement Districts 30 Capital Improvement Funds Street Improvements Capital Project Fund 31 Revolving Public Improvements Capital Project Fund 32 Building and Other Improvements Capital Project Fund 33 Storm Drainage Capital Project Fund 34 Park Improvements Capital Project Fund 35 Private Purpose Expendable Trust Fund - Vaile Mansion 36 Independence Events Center CID 37 Crackerneck Creek TDD 38 Tax Increment Financing Summary 39 Mid-Town Truman Rd TIF 40 Santa Fe TIF 41 Hartman Heritage TIF 42 Drumm Farm TIF 43 Eastland TIF 44 North Independence TIF 45 Mt Washington TIF 46 Crackerneck Creek TIF 47 Old Landfill TIF 48 Trinity TIF 49 HCA TIF 50 Cinema East TIF 51 23rd & Noland Project 1 TIF 52 23rd & Noland Project 2 TIF 53 23rd & Noland Project 3 TIF 54 23th & Noland Project 4 TIF 55 Independence Square TIF 56 I-70 & Little Blue Parkway Project 1 TIF 57 I-70 & Little Blue Parkway Project 3 TIF 58 Marketplace Project 1 TIF 59 Marketplace Project 2 TIF 60 TIF Application Fees 61 TIF Supplemental Appropriation Fund 62
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule General Fund
For the period ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Real Estate Tax $ 5,732,000 5,732,000 5,755,196 23,196 100.40% 8.73% Sales Tax 18,617,431 18,617,431 18,019,109 (598,322) 96.79% 5.12% Use Tax 448,000 277,000 213,564 (63,436) 77.10% -14.57% Cigarette Tax 420,000 420,000 329,900 (90,100) 78.55% -13.12% Franchise Tax 8,171,990 8,171,990 7,981,244 (190,746) 97.67% 6.00% Licenses and Permits 4,043,350 3,991,500 4,841,654 850,154 121.30% 29.63% Intergovernmental 5,330,000 5,330,000 5,084,588 (245,412) 95.40% 3.73% Charges for Current Services 1,915,000 1,908,000 2,230,538 322,538 116.90% 25.23% Interfund Charges for Support Services 5,035,500 5,035,500 4,615,875 (419,625) 91.67% 0.00% Fines and Forfeitures 3,710,000 3,710,000 1,943,082 (1,766,918) 52.37% -39.30% Investment Income (Loss) 194,000 194,000 148,986 (45,014) 76.80% -14.87% Other Revenue 541,894 677,963 1,005,450 327,487 148.30% 56.63% Total Revenues 54,159,165 54,065,384 52,169,186 (1,896,198) 96.49% 4.82% Other Financing Sources: Payments In Lieu of Taxes 20,696,578 20,696,578 18,523,408 (2,173,170) 89.50% -2.17% Transfers In 407,000 407,000 100.00% 8.33% Operating Transfers In - American Rescue Plan 3,122,000 3,122,000 0.00% -91.67% Total Other Financing Sources 20,696,578 21,103,578 22,052,408 948,830 104.50% 12.83% Total Revenues and Other Financing Sources 74,855,743 75,168,962 74,221,594 (947,368) 98.74% 7.07% Expenditures: City Council 711,350 711,350 580,191 131,159 81.56% -10.11% City Clerk 325,744 642,943 622,777 20,166 96.86% 5.19% City Manager 1,185,232 1,185,232 990,162 195,070 83.54% -8.13% Municipal Court 1,264,139 1,225,139 988,301 236,838 80.67% -11.00% Law 611,371 771,371 617,057 154,314 79.99% -11.68% Finance 6,264,935 6,303,935 5,627,362 676,573 89.27% -2.40% Community Development 4,576,184 4,777,484 3,583,902 1,193,582 75.02% -16.65% Police 33,155,226 33,645,579 29,347,260 4,298,319 87.22% -4.45% Fire 23,852,022 23,884,422 22,916,110 968,312 95.95% 4.28% Health 2,941 (2,941) 0.00% -91.67% Municipal Services (Public Works) 5,995,281 5,965,137 5,011,672 953,465 84.02% -7.65% Parks and Recreation 189,744 184,384 5,360 97.18% 5.51% Contingencies 17,028 17,028 17,028 0.00% -91.67% Debt service 59,231 0.00% -91.67% Total Expenditures 78,017,743 79,319,364 70,472,119 8,847,245 88.85% -2.82% Other Financing Uses: Transfers Out 10,000 10,000 61,792 (51,792) 617.92% 526.25% Total Expenditures and Other Financing Uses 78,027,743 79,329,364 70,533,911 8,795,453 88.91% -2.76% Excess of Revenue and Other Financing Sources Over (Under) Expenditures and Other Financing Uses, Budget Basis $ (3,172,000) (4,160,402) 3,687,683 7,848,085 Unassigned Fund Balance at Beginning of Year 5,708,549 Cancellation of prior year encumbrances 62,908 Change in other fund balance components during the year 3,306 Year-end investment market value adjustment Ending Unassigned Fund Balance, 05/31/22 9,462,446 Restricted 139,324 Committed 12,743 Assigned 1,048,203 Total Fund Balance $ 10,662,716
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CITY OF INDEPENDENCE, MISSOURI Budgetary
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Sales Taxes $ 8,770,391 8,770,391 8,534,618 (235,773) 97.31% 5.64% Use Tax 224,000 138,000 106,782 (31,218) 77.38% -14.29% Charges for Services 0.00% -91.67% Intergovernmental Revenue 0.00% -91.67% Investment Income (Loss) 41,000 77,000 75,633 (1,367) 98.22% 6.55% Other Revenue 868 868 0.00% -91.67% Total Revenues 9,035,391 8,985,391 8,717,901 (267,490) 97.02% 5.35% Other Financing Sources: Transfers in 144,482 144,482 0.00% -91.67% Total other financing sources 144,482 144,482 0.00% -91.67% Total revenues and other financing sources 9,035,391 8,985,391 8,862,383 (123,008) 98.63% 6.96% Expenditures: General Government 0.00% -91.67% Street Maintenance 1,166,177 1,166,177 888,652 277,525 76.20% -15.47% Capital Outlay 6,486,836 22,952,225 8,303,752 14,648,473 36.18% -55.49% Debt Service 474,576 474,576 474,575 1 100.00% 8.33% Total Expenditures 8,127,589 24,592,978 9,666,979 14,925,999 39.31% -52.36% Other Financing Uses: Transfers Out 401 (401) 0.00% -91.67% Total Other Financing Uses 401 (401) 0.00% -91.67% Total Expenditures and Other Financing Uses 8,127,589 24,592,978 9,667,380 14,925,598 39.31% -52.36% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 907,802 (15,607,587) (804,997) 14,802,590 Unassigned Fund Balance at Beginning of Year 1,885,478 Cancellation of Prior Year Encumbrances 54,225 Change in Other Fund Balance Components During the Year 2,049,495 Year-end investment market value adjustment Ending Unassigned Fund Balance, 05/31/22 3,184,201 Fund Balance Components: Restricted - Current Year Encumbrances 6,007,438 Restricted - Prior Year Encumbrances 1,920,808 Restricted - Debt Reserve Project Accounts - Capital Projects 11,790,098 Total Fund Balance $ 22,902,545
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Comparison Schedule Street Improvements Sales Tax Fund For the period ended May 31, 2022
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Park Improvements Sales Tax Fund For the period ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Sales Taxes $ 4,385,212 4,385,212 4,267,314 (117,898) 97.31% 5.64% Use Tax 112,000 69,000 53,391 (15,609) 77.38% -14.29% Charges for services 519,752 519,752 331,903 (187,849) 63.86% -27.81% Intergovernmental 0.00% -91.67% Investment Income (Loss) 18,180 40,000 36,735 (3,265) 91.84% 0.17% Other Revenue 2,513 2,513 22,343 19,830 889.10% 797.43% Total Revenues 5,037,657 5,016,477 4,711,686 (304,791) 93.92% 2.25% Other Financing Sources: Transfers In 240,092 240,092 (240,092) 0.00% -91.67% Transfers In - American Rescue Plan 1,617,285 1,617,285 0.00% -91.67% Proceeds from Bond Issuance/Capital Lease 0.00% -91.67% Total Other Financing Sources 240,092 240,092 1,617,285 1,377,193 673.61% 581.94% Total Revenues and Other Financing Sources 5,277,749 5,256,569 6,328,971 1,072,402 120.40% 28.73% Expenditures: Culture and Recreation 4,373,935 4,373,935 3,500,131 873,804 80.02% -11.65% Capital Outlay 506,000 1,394,608 420,200 974,408 30.13% -61.54% Debt Service 207,215 207,215 67,299 139,916 32.48% -59.19% Total Expenditures 5,087,150 5,975,758 3,987,630 1,988,128 66.73% -24.94% Other Financing Uses: Transfers Out 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Financing Uses 5,087,150 5,975,758 3,987,630 1,988,128 66.73% -24.94% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 190,599 (719,189) 2,341,341 3,060,530 Unassigned Fund Balance at Beginning of Year 599,247 Cancellation of Prior Year Encumbrances 7,930 Change in Other Fund Balance Components During the Year Year-end investment market value adjustment Ending Unassigned Fund Balance, 05/31/22 2,948,518 Other Fund Balance Components: Restricted - Current Year Encumbrances 472,639 Restricted - Prior Year Encumbrances 42,591 Total Fund Balance $ 3,463,748
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CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule
Storm Water Sales Tax Fund
For the period ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Sales Taxes $ 4,385,212 4,385,212 4,267,314 (117,898) 97.31% 5.64% Use Tax 112,000 69,000 53,391 (15,609) 77.38% -14.29% Investment Income (loss) 132,000 164,000 147,800 (16,200) 90.12% -1.55% Other Revenue 7,820 7,820 159,084 151,264 2034.32% 1942.65% Total revenues 4,637,032 4,626,032 4,627,589 1,557 100.03% 8.36% Expenditures: Storm water Administration 272,856 272,856 178,027 94,829 65.25% -26.42% Maintenance 2,381,657 2,517,657 2,091,284 426,373 83.06% -8.61% Permit completion 318,000 318,000 300,100 17,900 94.37% 2.70% Capital outlay 1,760,000 5,260,306 2,061,831 3,198,475 39.20% -52.47% Total Expenditures 4,732,513 8,368,819 4,631,242 3,737,577 55.34% -36.33% Total Ependitures and Other Financing Uses 4,732,513 8,368,819 4,631,242 3,737,577 Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (95,481) (3,742,787) (3,653) 3,739,134 Unassigned Fund Balance at Beginning of Year 9,476,507 Cancellation of Prior Year Encumbrances 245,981 Change in Other Fund Balance Components During the Year Year-end investment market value adjustment Ending Unassigned Fund Balance, 05/31/22 9,718,835 Other Fund Balance Components: Restricted - Current Year Encumbrances 701,361 Restricted - Prior Year Encumbrances 27,693 Restricted - Regional Detention Construction 18,759 Restricted - Regional Detention Maintenance 40,311 Restricted - Emergency Response Relief 500,000 Total Fund Balance $ 11,006,959
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CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule
Police Public Safety Sales Tax Fund
For the period ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Sales Taxes $ 2,358,694 2,358,694 2,272,882 (85,812) 96.36% 4.69% Use Tax 56,000 35,000 26,696 (8,304) 76.27% -15.40% Investment Income (Loss) 37,000 37,000 31,975 (5,025) 86.42% -5.25% Other Revenue 7,507 7,507 44,103 36,596 587.49% 495.82% Total Revenues 2,459,201 2,438,201 2,375,656 (62,545) 97.43% 5.76% Expenditures: Public Safety Communications 675,922 675,922 600,905 75,017 88.90% -2.77% Facilities 104,500 104,500 92,023 12,477 88.06% -3.61% Equipment 1,924,697 1,924,697 1,613,972 310,725 83.86% -7.81% Debt Service 0.00% -91.67% Total Expenditures 2,705,119 2,705,119 2,306,900 398,219 85.28% -6.39% Other Financing Uses: Transfers Out/Capital Outlay 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Financing Uses 2,705,119 2,705,119 2,306,900 398,219 85.28% -6.39% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (245,918) (266,918) 68,756 335,674 Unassigned Fund Balance at Beginning of Year 2,277,473 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-end investment market value adjustment Ending Unassigned Fund Balance, 05/31/22 2,346,229 Other Fund Balance Components: Restricted - Current Year Encumbrances 521,582 Restricted - Prior Year Encumbrances 20,776 Total Fund Balance $ 2,888,587
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CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Fire Protection Sales Tax Fund For the period ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Sales Taxes $ 2,192,486 2,192,486 2,652,342 459,856 120.97% 29.30% Use Tax 56,000 35,000 106,782 71,782 305.09% 213.42% Investment Income (Loss) 17,000 29,000 25,501 (3,499) 87.93% -3.74% Other Revenue 6,000 6,000 56,762 50,762 946.03% 854.36% Total Revenues 2,271,486 2,262,486 2,841,387 578,901 125.59% 33.92% Expenditures: Public Safety 2,763,693 2,763,693 2,546,566 217,127 92.14% 0.47% Debt Service 73,236 73,236 73,235 1 100.00% 8.33% Total Expenditures 2,836,929 2,836,929 2,619,801 217,128 92.35% 0.68% Other Financing Uses: Transfers Out/Capital Outlay 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Financing Uses 2,836,929 2,836,929 2,619,801 217,128 92.35% 0.68% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (565,443) (574,443) 221,586 796,029 Unassigned Fund Balance at Beginning of Year 678,965 Cancellation of Prior Year Encumbrances 2,592 Change in Other Fund Balance Components During the Year Year-end investment market value adjustment Ending Unassigned Fund Balance, 05/31/22 903,143 Other Fund Balance Components: Restricted - Current Year Encumbrances 321,210 Restricted - Prior Year Encumbrances 758,693 Total Fund Balance $ 1,983,046
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CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Animal Shelter Use Tax For the period ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Use Tax $ 762,750 762,750 762,750 100.00% 8.33% Intergovernmental Revenue 0.00% -91.67% Investment Income (Loss) 3,000 2,721 (279) 90.70% -0.97% Other Revenue 0.00% -91.67% Total Revenues 762,750 765,750 765,471 (279) 99.96% 8.29% Expenditures: General Government -91.67% Animal Services 728,545 728,545 596,234 132,311 81.84% -9.83% Capital Outlay 0.00% -91.67% Debt Service 0.00% -91.67% Total Expenditures 728,545 728,545 596,234 132,311 81.84% -9.83% Other Financing Uses: Transfers In 0.00% -91.67% Transfers Out 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Financing Uses 728,545 728,545 596,234 132,311 81.84% -9.83% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 34,205 37,205 169,237 132,032 Unassigned Fund Balance at Beginning of Year 153,123 Cancellation of Prior Year Encumbrances 1,437 Change in Other Fund Balance Components During the Year Ending Unassigned Fund Balance, 05/31/22 323,797 Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Total Fund Balance $ 323,797
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CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Police Use Tax For the period ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Use Tax $ 3,032,000 4,000,000 4,000,000 100.00% 8.33% Investment Income (Loss) 7,000 59,000 55,188 (3,812) 93.54% 1.87% Other Revenue 0.00% -91.67% Total Revenues 3,039,000 4,059,000 4,055,188 (3,812) 99.91% 8.24% Expenditures: Public Safety 2,258,155 2,819,155 2,244,854 574,301 79.63% -12.04% Debt Service 0.00% -91.67% Total Expenditures 2,258,155 2,819,155 2,244,854 574,301 79.63% -12.04% Other Financing Uses: Transfers Out/Capital Outlay 407,000 407,000 100.00% 8.33% Total Other Financing Uses 407,000 407,000 100.00% 8.33% Total Expenditures and Other Financing Uses 2,258,155 3,226,155 2,651,854 574,301 82.20% -9.47% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 780,845 832,845 1,403,334 570,489 Unassigned Fund Balance at Beginning of Year 3,546,492 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-end investment market value adjustment Ending Unassigned Fund Balance, 05/31/22 4,949,826 Other Fund Balance Components: Restricted - Current Year Encumbrances 871,987 Restricted - Prior Year Encumbrances Total Fund Balance $ 5,821,813
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CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule Health Property Tax Levy For the period ended May 31, 2022 Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Taxes $ 870,000 870,000 861,038 (8,962) 98.97% 7.30% Charges for Services 150,000 162,331 122,408 (39,923) 75.41% -16.26% Licenses & Permits 366,432 418,282 367,842 (50,440) 87.94% -3.73% Investment Income (Loss) 5,186 5,186 0.00% -91.67% Other Revenue 10,336 10,336 0.00% -91.67% Total Revenues 1,386,432 1,450,613 1,366,810 (83,803) 94.22% 2.55% Other Financing Sources: Transfers In 25,000 25,000 100.00% 8.33% Transfers In - American Rescue Plan 300,000 300,000 0.00% -91.67% Total Other Financing Uses 25,000 325,000 300,000 1300.00% 1208.33% Total Revenues and Other Sources 1,386,432 1,475,613 1,691,810 216,197 114.65% 22.98% Expenditures: Animal Services 884,518 889,849 838,776 51,073 94.26% 2.59% Health Services 778,674 803,674 633,316 170,358 78.80% -12.87% Total Expenditures 1,663,192 1,693,523 1,472,092 221,431 86.92% -4.75% Other Financing Uses: Transfers Out 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Uses 1,663,192 1,693,523 1,472,092 221,431 86.92% -4.75% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (276,760) (242,910) 219,718 462,628 Unassigned Fund Balance at Beginning of Year 52,841 Cancellation of Prior Year Encumbrances 51 Change in Other Fund Balance Components During the Year Ending Unassigned Fund Balance, 05/31/22 272,610 Other Fund Balance Components: Restricted - Current Year Encumbrances 4,032 Restricted - Prior Year Encumbrances 869 Total Fund Balance $ 277,511
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CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule Parks and Recreation Property Tax Levy For the period ended May 31, 2022 Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Taxes $ 1,850,000 1,850,000 1,829,706 (20,294) 98.90% 7.23% Intergovernmental 65,985 65,985 48,049 (17,936) 72.82% -18.85% Charges for Services 230,746 230,746 164,583 (66,163) 71.33% -20.34% Investment Income (Loss) 100 9,000 15,723 6,723 174.70% 83.03% Other Revenue 46,214 46,214 0.00% -91.67% Total Revenues 2,146,831 2,155,731 2,104,275 (51,456) 97.61% 5.94% Expenditures: Parks and Recreation 2,099,104 2,223,679 1,733,805 489,874 77.97% -13.70% Total Expenditures 2,099,104 2,223,679 1,733,805 489,874 77.97% -13.70% Other Financing Uses – Transfers Out 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Uses 2,099,104 2,223,679 1,733,805 489,874 77.97% -13.70% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 47,727 (67,948) 370,470 438,418 Unassigned Fund Balance at Beginning of Year 410,588 Cancellation of Prior Year Encumbrances 6,156 Change in Other Fund Balance Components During the Year Ending Unassigned Fund Balance, 05/31/22 787,214 Other Fund Balance Components: Restricted - Current Year Encumbrances 3,091 Restricted - Prior Year Encumbrances Total Fund Balance $ 790,305 10
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule Tourism Fund For the period ended May 31, 2022 Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Transient Guest Taxes $ 1,652,283 1,652,283 1,911,792 259,509 115.71% 24.04% Charges for Services 30,000 13,463 (16,537) 44.88% -46.79% Investment Income (Loss) 26,593 26,593 19,698 (6,895) 74.07% -17.60% Other Revenue 5,050 5,050 7,244 2,194 143.45% 51.78% Total Revenues 1,683,926 1,713,926 1,952,197 238,271 113.90% 22.23% Other Financing Sources: Transfers In - American Resuce Plan 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Revenues and Other Sources 1,683,926 1,713,926 1,952,197 238,271 113.90% 22.23% Expenditures: Tourism 2,550,789 2,617,529 1,388,936 1,228,593 53.06% -38.61% Total Expenditures 2,550,789 2,617,529 1,388,936 1,228,593 53.06% -38.61% Other Financing Uses – Transfers Out 240,092 240,092 240,092 0.00% -91.67% Total Other Financing Uses 240,092 240,092 240,092 0.00% -91.67% Total Expenditures and Other Uses 2,790,881 2,857,621 1,388,936 1,468,685 48.60% -43.07% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (1,106,955) (1,143,695) 563,261 1,706,956 Unassigned Fund Balance at Beginning of Year 752,469 Cancellation of Prior Year Encumbrances 14,190 Change in Other Fund Balance Components During the Year Year-end investment market value adjustment Ending Unassigned Fund Balance, 05/31/22 1,329,920 Other Fund Balance Components: Restricted - Current Year Encumbrances 171,518 Restricted - Prior Year Encumbrances 5,630 Restricted - Operating Reserve 376,368 Total Fund Balance $ 1,883,436
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Independence Square Benefit District For the period ended May 31, 2022 Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Taxes $ 26,375 26,375 0.00% -91.67% Investment Income (Loss) 1,083 1,083 0.00% -91.67% Other Revenue 0.00% -91.67% Total Revenues 27,458 27,458 0.00% -91.67% Expenditures: Capital Outlay 422 (422) 0.00% -91.67% Total Expenditures 422 (422) 0.00% -91.67% Other Financing Uses – Transfers Out 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Uses 422 (422) 0.00% -91.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 27,036 27,036 Unassigned Fund Balance at Beginning of Year 7,663 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Ending Unassigned Fund Balance, 05/31/22 34,699 Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Total Fund Balance $ 34,699 12
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Federal Grant - CDBG $ 1,605,692 1,603,827 1,247,798 (356,029) 77.80% -13.87% Other Revenue -91.67% Total Revenues 1,605,692 1,603,827 1,247,798 (356,029) 77.80% -13.87% Expenditures: CDBG Administration 166,173 164,308 155,495 8,813 94.64% 2.97% CDBG Expenditures 1,455,527 1,454,259 1,421,328 32,931 97.74% 6.07% Total Expenditures 1,621,700 1,618,567 1,576,823 41,744 97.42% 5.75% Other Financing Uses: Transfers Out 144,482 (144,482) 0.00% -91.67% Total Other Financing Uses 144,482 (144,482) 0.00% -91.67% Total Expenditures and Other Uses 1,621,700 1,618,567 1,721,305 (102,738) 106.35% 14.68% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (16,008) (14,740) (473,507) (458,767) Unassigned Fund Balance at Beginning of Year (96,680) Cancellation of Prior Year Encumbrances 28,467 Change in Other Fund Balance Components During the Year Ending Unassigned Fund Balance, 05/31/22 (541,720) Other Fund Balance Components: Restricted - Current Year Encumbrances 517,276 Restricted - Prior Year Encumbrances 23,731 Total Fund Balance $ (713)
Comparison Schedule Community Development Block Grant Fund For the period ended May 31, 2022 13
CITY OF INDEPENDENCE, MISSOURI Budgetary
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Rental Rehabilitation For the period ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: HOME Program Grant $ 482,477 438,727 274,183 (164,544) 62.50% -29.17% Total Revenues 482,477 438,727 274,183 (164,544) 62.50% -29.17% Expenditures: HOME Administration 63,607 46,533 57,082 (10,549) 122.67% 31.00% Multi Family Housing 359,759 325,730 325,730 0.00% -91.67% Community Housing Development 102,788 93,067 93,067 0.00% -91.67% Total Expenditures 526,154 465,330 57,082 408,248 12.27% -79.40% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (43,677) (26,603) 217,101 243,704 Unassigned Fund Balance at Beginning of Year (401,485) Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Ending Unassigned Fund Balance, 05/31/22 (184,384) Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances 184,388 Total Fund Balance $ 4
14
CITY OF INDEPENDENCE, MISSOURI Budgetary
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Licenses and Permits $ (12,057) (12,057) 0.00% -91.67% Investment Income (Loss) 17,000 21,000 18,222 (2,778) 86.77% -4.90% Other Revenue 0.00% -91.67% Total Revenues 17,000 21,000 6,165 (14,835) 29.36% -62.31% Expenditures: General Government 0.00% -91.67% Total expenditures 0.00% -91.67% Other Financing Uses: Transfers Out/Capital Outlay 93,790 (93,790) 0.00% -91.67% Total Other Financing Uses 93,790 (93,790) 0.00% -91.67% Total Expenditures and Other Financing Uses 93,790 (93,790) 0.00% -91.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 17,000 21,000 (87,625) (108,625) Unassigned Fund Balance at Beginning of Year 1,251,500 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-end investment market value adjustment Ending Unassigned Fund Balance, 05/31/22 1,163,875 Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Total Fund Balance $ 1,163,875
Comparison Schedule License Surcharge For the period ended May 31, 2022 15
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Grants
For the period ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Intergovernmental $ 1,343,409 6,953,095 2,571,372 (4,381,723) 36.98% -54.69% Charges for Services 105,103 214,126 177,316 (36,810) 82.81% -8.86% Other Revenue 63,885 377 (63,508) 0.59% -91.08% Total Revenues 1,448,512 7,231,106 2,749,065 (4,482,041) 38.02% -53.65% Other financing sources: Transfers In 0.00% -91.67% Total other financing sources 0.00% -91.67% Total revenues and other financing sources 1,448,512 7,231,106 2,749,065 (4,482,041) 38.02% -53.65% Expenditures: Public Safety 422,758 2,947,502 1,902,293 1,045,209 64.54% -27.13% General Government 138,063 247,282 25,290 221,992 10.23% -81.44% Culture and Recreation 227,569 88,060 139,509 38.70% -52.97% Community Development 500,000 2,491,187 2,315,784 175,403 92.96% 1.29% Animal Services 8,506 687 7,819 8.08% -83.59% Health Services 375,721 1,100,416 378,575 721,841 34.40% -57.27% Total Expenditures 1,436,542 7,022,462 4,710,689 2,311,773 67.08% -24.59% Other Financing Uses: Transfers Out/Capital Outlay 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Financing Uses 1,436,542 7,022,462 4,710,689 2,311,773 67.08% -24.59% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 11,970 208,644 (1,961,624) (2,170,268) Unassigned Fund Balance at Beginning of Year (338,049) Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Ending Unassigned Fund Balance, 05/31/22 (2,299,673) Other Fund Balance Components: Restricted - Current Year Encumbrances 1,633,351 Restricted - Prior Year Encumbrances 224,849 Total Fund Balance $ (441,473)
16
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule
American Rescue Plan (ARP) For the period ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Intergovernmental $ 9,395,629 9,395,629 0.00% -91.67% Charges for Services 0.00% -91.67% Other Revenue 0.00% -91.67% Total Revenues 9,395,629 9,395,629 0.00% -91.67% Other financing sources: Transfers in 0.00% -91.67% Total other financing sources 0.00% -91.67% Total revenues and other financing sources 9,395,629 9,395,629 0.00% -91.67% Expenditures: Personnel Services 1,491,418 (1,491,418) 0.00% -91.67% Other Services 331,450 (331,450) 0.00% -91.67% Supplies 241,564 (241,564) 0.00% -91.67% Capital Outlay 287,816 (287,816) 0.00% -91.67% Total Expenditures 2,352,248 (2,352,248) 0.00% -91.67% Other Financing Uses: Transfers Out - American Rescue Plan 7,389,285 (7,389,285) 0.00% -91.67% Total Other Financing Uses 7,389,285 (7,389,285) 0.00% -91.67% Total Expenditures and Other Financing Uses 9,741,533 (9,741,533) 0.00% -91.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (345,904) (345,904) Unassigned Fund Balance at Beginning of Year Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Ending Unassigned Fund Balance, 05/31/22 (345,904) Other Fund Balance Components: Restricted - Current Year Encumbrances 345,904 Restricted - Prior Year Encumbrances Total Fund Balance $
17
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Power and Light For the period ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Amended Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Operating Revenues: Charges for Services $ 130,609,070 130,609,070 114,423,944 (16,185,126) 87.61% -4.06% Penalties 1,106,786 1,106,786 1,056,036 (50,750) 95.41% 3.74% Connection Charges 280,151 280,151 26,400 (253,751) 9.42% -82.25% Miscellaneous 41,535 41,535 0.00% -91.67% Temporary Service 2,050 2,050 0.00% -91.67% Rental Income 340,239 340,239 276,260 (63,979) 81.20% -10.47% Transmission Wheeling 5,000,000 5,000,000 5,017,495 17,495 100.35% 8.68% Total Operating Revenues 137,336,246 137,336,246 120,843,720 (16,492,526) 87.99% -3.68% Operating Expenses: Personnel Services 29,687,152 29,669,152 26,759,631 2,909,521 90.19% -1.48% Other Services 27,329,604 27,742,815 24,013,018 3,729,797 86.56% -5.11% Supplies 60,402,130 60,408,130 53,378,485 7,029,645 88.36% -3.31% Capital Projects 6,003,956 11,609,690 4,925,963 6,683,727 42.43% -49.24% Capital Operating 1,617,600 1,619,600 944,986 674,614 58.35% -33.32% Debt Service 9,992,712 9,992,712 8,340,689 1,652,023 83.47% -8.20% Other Expenses 275,000 275,000 275,000 0.00% -91.67% Total Operating Expenses 135,308,154 141,317,099 118,362,772 22,954,327 83.76% -7.91% Nonoperating Revenues (Expenses): Investment Income 202,902 120,902 156,284 35,382 129.27% 37.60% Interfund Charges for Support Services 1,828,147 1,828,147 1,617,381 (210,766) 88.47% -3.20% Miscellaneous Revenue (Expense) 715,639 715,639 477,811 (237,828) 66.77% -24.90% Total Nonoperating Revenue (Expenses) 2,746,688 2,664,688 2,251,476 (413,212) 84.49% -7.18% 4,774,780 (1,316,165) 4,732,424 6,048,589 -359.56% -451.23% Capital Contributions 0.00% -91.67% Transfers Out – Utility Payments In Lieu of Taxes (13,000,000) (13,000,000) (12,351,065) (648,935) 95.01% 3.34% Transfers In 0.00% -91.67% Transfers Out 0.00% -91.67% Total Transfers (13,000,000) (13,000,000) (12,351,065) (648,935) 95.01% 3.34% Excess of Revenue and Other Financing Sources Over (Under) Expenditures and Other Financing Uses, Budget Basis $ (8,225,220) (14,316,165) (7,618,641) 6,697,524 Beginning Available Resources 49,849,263 Prior Period Adjustment 1,495,495 Ending Available Resources 43,726,117 Revenue Risk 5,300,000 Capital Reserve 3,000,000 Expense Risk 18,700,000 Working Capital 25,500,000 Targeted Reserve Level 52,500,000 Total Non-Restricted Resources Available $ (8,773,883) Income (Loss) Before Transfers
18
Power and Light - Open Capital Projects
As of May 31, 2022
PROJECT PROJECT TITLE ORIGINAL BUDGET NET BUDGET AMENDMENTS REVISED BUDGET ENCUMBRANCES ACTUALS AVAILABLE BUDGET 200815 T&D Sys IMPROVEMENTS $ 250,000.00 641,486.08 891,486.08 921.36 307,443.10 583,121.62 200824 Prod Plt MISC PROJECTS - 68,257.76 68,257.76 - - 68,257.76 200828 FIBER OPTIC PROGRAM 105,956.00 93,394.03 199,350.03 38,923.75 125,350.31 35,075.97 201106 69 KV SUBSTATION FACILITIES 300,000.00 48,222.55 348,222.55 84,697.20 25,261.05 238,264.30 201405 SUBSTATION SECURITY PROJECT - 259,644.39 259,644.39 30,534.00 24,494.75 204,615.64 201509 NEW BILLING Sys - 22,047.36 22,047.36 - - 22,047.36 201510 Sys OpS / DISPATCH - 44,634.77 44,634.77 35,122.10 - 9,512.67 201603 69 KV Trans LINE REBUIL 800,000.00 1,523,663.48 2,323,663.48 1,003,787.16 1,481,009.47 (161,133.15) 201604 Sys OpS / UPS UPGRAD - 45,493.59 45,493.59 - - 45,493.59 201605 Sys OpS WORK AREA - 619,842.18 619,842.18 - - 619,842.18 201606 NEW FINANCIAL MANAGEMENT SYS - 200,000.00 200,000.00 - - 200,000.00 201702 Prod FACILITIES IMPROVE - 586,830.00 586,830.00 274,020.00 8,980.00 303,830.00 201703 BV GROUND WATER - 445,491.07 445,491.07 90,981.66 66,924.39 287,585.02 201706 SUBSTATION K SWITCHGEAR & - 4,191,011.31 4,191,011.31 1,050,106.76 946,875.55 2,194,029.00 201707 MASTER PLAN-FUTURE GENERATIO - 32,500.00 32,500.00 - - 32,500.00 201710 Mo CITY DIVESTITURE - 530,640.70 530,640.70 450,680.76 79,959.44 0.50 201804 SUBSTATION E SWITCHGEAR REPLACEMENT 950,000.00 2,493,308.28 3,443,308.28 1,437,628.56 488,751.39 1,516,928.33 202004 Above Ground Fuel Storage Tanks - 41,800.00 41,800.00 - - 41,800.00 202005 Blue Valley - Eckles Rd 161kV Trans - (41,604.90) (41,604.90) - - (41,604.90) 202101 Substation Fiber Optic Network 750,000.00 125,000.00 875,000.00 - 36,736.38 838,263.62 202102 Traffic Controller Upgrades 60,000.00 (4,000.00) 56,000.00 - - 56,000.00 202103 Traffic Camera System Upgrades 20,000.00 11,837.00 31,837.00 - - 31,837.00 202107 Motorola APX Radio Purchase Phase 2 70,000.00 1,706.82 71,706.82 - 3,989.93 67,716.89 202109 Substation Modeling 100,000.00 (100,000.00) - - -202110 20MVAR Capacitor Bank Sub A - 850,000.00 850,000.00 117,693.30 128,762.72 603,543.98 202111 Transmission Pole Replacement Prog 300,000.00 80,000.00 380,000.00 337,941.14 15,169.80 26,889.06 202201 Substation A Transformer T-9 Mtce 180,000.00 - 180,000.00 - - 180,000.00 202204 Relay Test Set 80,000.00 - 80,000.00 - - 80,000.00 202205 Desert Storm Switchgear Cabinets 250,000.00 - 250,000.00 - - 250,000.00 202208 Traffic Signal Detection Systems 50,000.00 - 50,000.00 - 39,140.00 10,860.00 202210 IPL Service Center PBX Upgrade to I 70,000.00 - 70,000.00 - - 70,000.00 202211 H-5 Hot Gas Path Inspection 1,518,000.00 - 1,518,000.00 1,244,478.91 347,365.09 (73,844.00) 9669 SERVICE CTR FACILITY IMPROVE. 150,000.00 220,084.17 370,084.17 7,174.50 - 362,909.67 $ 6,003,956.00 13,031,290.64 19,035,246.64 6,204,691.16 4,126,213.37 8,704,342.11 Current Year Prior Year Budget Budget (Enc Roll) Total Budget 11,609,689.70 $ 7,425,556.94 19,035,246.64 Less Expenditures 920,152.75 3,206,060.62 4,126,213.37 Less Encumbrances 4,005,810.50 2,198,880.66 6,204,691.16 Total Available 6,683,726.45 $ 2,020,615.66 8,704,342.11
19
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule
Water
For the period ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Amended Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Operating Revenues: Charges for Services $ 32,720,000 32,720,000 29,586,328 (3,133,672) 90.42% -1.25% Penalties 120,000 120,000 218,652 98,652 182.21% 90.54% Connection/Disconnection Charges 12,000 12,000 16,136 4,136 134.47% 42.80% Miscellaneous 1,000 1,000 15,382 14,382 1538.20% 1446.53% Returned Check Charges 23,000 23,000 23,820 820 103.57% 11.90% Rental Income 85,000 85,000 76,449 (8,551) 89.94% -1.73% Meter Repairs 0.00% -91.67% Merchandising Jobbing 32,551 32,551 0.00% -91.67% Total Operating Revenues 32,961,000 32,961,000 29,969,318 (2,991,682) 90.92% -0.75% Operating expenses: Personnel Services 9,507,888 9,561,542 7,839,142 1,722,400 81.99% -9.68% Other Services 13,356,698 13,342,867 8,193,643 5,149,224 61.41% -30.26% Supplies 2,466,330 2,466,330 2,748,966 (282,636) 111.46% 19.79% Capital Projects 6,420,000 20,075,896 4,078,658 15,997,238 20.32% -71.35% Capital Operating 1,072,318 1,162,646 890,144 272,502 76.56% -15.11% Debt Service 2,523,363 2,523,363 2,487,843 35,520 98.59% 6.92% Other Expenses 125,000 125,000 946 124,054 0.76% -90.91% Total Operating Expenses 35,471,597 49,257,644 26,239,342 23,018,302 53.27% -38.40% Nonoperating Revenues (Expenses): Investment Income 539,138 553,138 626,985 73,847 113.35% 21.68% Interfund Charges for Support Services 1,392,092 1,392,092 1,276,084 (116,008) 91.67% 0.00% Miscellaneous Revenue (Expense) 1,000 1,000 62,374 61,374 6237.40% 6145.73% Total Nonoperating Revenue (Expenses) 1,932,230 1,946,230 1,965,443 19,213 100.99% 9.32% (578,367) (14,350,414) 5,695,419 20,045,833 -39.69% -131.36% Transfers Out – Utility Payments In Lieu of Taxes (3,200,000) (3,200,000) (2,889,187) (310,813) 90.29% -1.38% Transfers In 0.00% -91.67% Transfers Out 0.00% -91.67% Total Transfers (3,200,000) (3,200,000) (2,889,187) (310,813) 90.29% -1.38% Excess of Revenue and Other Financing Sources Over (Under) Expenditures and Other Financing Uses, Budget Basis $ (3,778,367) (17,550,414) 2,806,232 20,356,646 Beginning Available Resources 42,313,512 Ending Available Resources 45,119,744 Revenue Risk 2,000,000 Capital Reserve 6,100,000 Expense Risk 700,000 Working Capital 5,600,000 Targeted Reserve Level 14,400,000 Total Non-Restricted Resources Available $ 30,719,744 Income (Loss) Before Transfers
20
Water - Open Capital Projects
PROJECT PROJECT TITLE ORIGINAL BUDGET NET BUDGET AMENDMENTS REVISED BUDGET ENCUMBRANCES ACTUALS AVAILABLE BUDGET 400708 TREATMENT Plt DISCHARGE $ - 300,000.00 300,000.00 - - 300,000.00 400904 EAST INDEPENDENCE INDUST PARK - 674,000.00 674,000.00 - - 674,000.00 401003 FUTURE Prod WELLS - 965,326.00 965,326.00 3,000.00 - 962,326.00 401301 23RD ST MAIN REPLACEMENT 150,000.00 177,230.57 327,230.57 11,844.00 6,525.00 308,861.57 401402 LAGOON CLEANOUT - 302,560.00 302,560.00 49,059.00 278,001.00 (24,500.00) 401505 Dist Sys IMPROVE - 258,054.00 258,054.00 - 13,273.00 244,781.00 401506 TRUMAN ROAD BOOSTER STATION - 106,569.52 106,569.52 34,658.85 - 71,910.67 401601 FILTER BACKWASH OUTFALL - 190,325.00 190,325.00 - - 190,325.00 401602 Plt DISCHARGE OUTFALL - 459,824.48 459,824.48 - - 459,824.48 401605 COURTNEY BEND BASIN CATWALK - 10,020.00 10,020.00 - - 10,020.00 401608 LIME SILO 1,300,000.00 291,070.12 1,591,070.12 122,333.84 341,813.88 1,126,922.40 401703 Maint BUILDING AT CBP - 200,000.00 200,000.00 - - 200,000.00 401704 VAN HORN RESERVOIR IMPROVE - 500,204.23 500,204.23 - 549,903.81 (49,699.58) 401802 6" Main Replacement James Downey Rd - 250,087.60 250,087.60 - - 250,087.60 401804 Filter Valve House Roof Improvement 75,000.00 22,292.00 97,292.00 - - 97,292.00 401808 VFD Drive Replacements HSP 2 & 4 - 227,728.00 227,728.00 - (3,239.00) 230,967.00 401818 30" Steel Transmission Main Assess - 156,300.00 156,300.00 - - 156,300.00 401821 Main Replacement-32nd/Hunter/Bird - 91,000.00 91,000.00 - - 91,000.00 401822 Main Replacement-24Hwy/Northern/RR - 240,166.00 240,166.00 - - 240,166.00 402002 39th Street Reservoir - 2,200,000.00 2,200,000.00 1,098,422.60 29,369.40 1,072,208.00 402004 Main Replace Walnut/Leslie/LeesSumm - 143,152.66 143,152.66 - 61,933.93 81,218.73 402007 Courtney Bend Emergency Generator 1,000,000.00 150,000.00 1,150,000.00 - - 1,150,000.00 402008 Wellfield Overhead Electrical Imp 800,000.00 200,000.00 1,000,000.00 - - 1,000,000.00 402009 Main Replace Sheley/Claremont/Norw - 191,032.00 191,032.00 - 2,242.00 188,790.00 402010 Main Replace Gudgell/Dodgion/KingsH - 1,282,050.00 1,282,050.00 652,845.77 515,219.23 113,985.00 402011 Main Replace Salisbury/Peck/Geospac - 1,095,830.00 1,095,830.00 - 1,000.00 1,094,830.00 402012 College Avenue Improvements - 250,000.00 250,000.00 - - 250,000.00 402101 Main Replacement Ralston 31st/29th - 350,000.00 350,000.00 14,138.60 6,084.40 329,777.00 402102 Main Replacement 3rd St & Jennings - 460,000.00 460,000.00 5,804.40 18,182.60 436,013.00 402103 Main Replacement Truman Road 50,000.00 490,502.00 540,502.00 498,340.00 - 42,162.00 402104 Lime Slaker No 5 - 350,000.00 350,000.00 - - 350,000.00 402105 Main Replacement Sheley - 100,000.00 100,000.00 2,665.00 1,435.00 95,900.00 402106 Main Replacement Sheley & Northern - 1,035,000.00 1,035,000.00 34,252.40 15,604.60 985,143.00 402107 Facility Improvements/Const/Maint - 250,000.00 250,000.00 - - 250,000.00 402108 Basin Drive Improvements 250,000.00 250,000.00 500,000.00 159,477.00 - 340,523.00 402201 Roof Improvements 250,000.00 - 250,000.00 269,500.00 - (19,500.00) 402203 Lime Slaker No 1 350,000.00 - 350,000.00 - - 350,000.00 402207 CB Electrical Switchgear Improvemen 200,000.00 - 200,000.00 - - 200,000.00 9749 MAIN REPLACEMENT PROGRAM 1,745,000.00 249,977.19 1,994,977.19 251,598.80 57,579.62 1,685,798.77 9952 SECURITY UPGRADES 250,000.00 267,590.82 517,590.82 51,286.46 - 466,304.36 $ 6,420,000.00 14,737,892.19 21,157,892.19 3,259,226.72 1,894,928.47 16,003,737.00 Current Year Prior Year Budget Budget (Enc Roll) Total Budget 20,075,895.46 $ 1,081,996.73 21,157,892.19 Less Expenditures 1,031,815.43 863,113.04 1,894,928.47 Less Encumbrances 3,046,843.03 212,383.69 3,259,226.72 Total Available 15,997,237.00 $ 6,500.00 16,003,737.00
of May 31, 2022 21
As
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Sanitary Sewer For the period ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Amended Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Operating revenues: Charges for Services $ 35,151,285 35,151,285 33,154,972 (1,996,313) 94.32% 2.65% Penalties 200,000 200,000 352,692 152,692 176.35% 84.68% Total operating revenues 35,351,285 35,351,285 33,507,664 (1,843,621) 94.78% 3.11% Operating expenses: Personnel Services 6,672,780 6,672,780 5,102,866 1,569,914 76.47% -15.20% Other Services 13,843,955 13,613,955 10,188,611 3,425,344 74.84% -16.83% Supplies 1,222,200 1,454,808 711,017 743,791 48.87% -42.80% Capital Projects 3,925,000 14,201,209 1,674,704 12,526,505 11.79% -79.88% Capital Operating 424,500 421,891 326,645 95,246 77.42% -14.25% Debt Service 6,288,332 6,288,332 2,345,560 3,942,772 37.30% -54.37% Other Expenses 0.00% -91.67% Total Operating Expenses 32,376,767 42,652,975 20,349,403 22,303,572 47.71% -43.96% Nonoperating Revenues (Expenses): Investment Income 104,000 250,000 310,970 60,970 124.39% 32.72% Miscellaneous Revenue (Expense) 7,820 7,820 27,366 19,546 349.95% 258.28% Total Nonoperating Revenue (Expenses) 111,820 257,820 338,336 80,516 131.23% 39.56% 3,086,338 (7,043,870) 13,496,597 20,540,467 -191.61% -283.28% Transfers Out – Utility Payments In Lieu of Taxes (3,596,612) (3,596,612) (3,283,156) (313,456) 91.28% -0.39% Transfers In 10,000 10,000 10,000 100.00% 8.33% Transfers Out 0.00% -91.67% Total Transfers (3,586,612) (3,586,612) (3,273,156) (313,456) 91.26% -0.41% Excess of Revenue and Other Financing Sources Over (Under) Expenditures and Other Financing Uses, Budget Basis $ (500,274) (10,630,482) 10,223,441 20,853,923 Beginning Available Resources 26,265,638 Ending Available Resources 36,489,079 Revenue Risk 1,200,000 Capital Reserve 4,000,000 Expense Risk 700,000 Working Capital 6,800,000 Targeted Reserve Level 12,700,000 Total Non-Restricted Resources Available $ 23,789,079 Income (Loss) Before Transfers
22
Sanitary Sewer - Open Capital Projects
As of May 31, 2022
PROJECT PROJECT TITLE ORIGINAL BUDGET NET BUDGET AMENDMENTS REVISED BUDGET ENCUMBRANCES ACTUALS AVAILABLE BUDGET 300801 NEIGHBORHOOD PROJECTS $ - 574,405.94 574,405.94 452,267.71 92,648.30 29,489.93 301201 BURR OAK EAST - 1,035,327.15 1,035,327.15 - - 1,035,327.15 301202 CRACKERNECK-VAN HOOK SEWER - 529,163.59 529,163.59 - - 529,163.59 301603 RCTP FACILITIES ROOF, CEILING - 170,925.00 170,925.00 - - 170,925.00 301701 SCADA UPGRADE - 238,301.15 238,301.15 60,549.33 93,233.49 84,518.33 301703 ARROWHEAD CENTER - 551,675.62 551,675.62 82,871.54 361,218.33 107,585.75 301705 16TH/SCOTT - 357,780.55 357,780.55 5,390.10 395.68 351,994.77 301706 TREATMENT FACILITY IMPROVEMENT - 593,007.00 593,007.00 70,305.20 203,007.59 319,694.21 301804 ROCK CREEK EFFLUENT STRUCTURE - 361,673.21 361,673.21 11,056.27 27,335.16 323,281.78 301806 Neighborhood Improvements 2018-19 - 513,781.95 513,781.95 4,381.81 - 509,400.14 302001 Fairmount Highlands - 170,000.00 170,000.00 - - 170,000.00 302002 Arlington Improvements - 100,000.00 100,000.00 - - 100,000.00 302003 Bison Park - 424,907.85 424,907.85 220,149.90 152,898.59 51,859.36 302004 Neighborhood Projects 2019-20 - 580,000.00 580,000.00 - - 580,000.00 302005 Biosolids Handling - 2,919,676.59 2,919,676.59 1,594,016.76 463,377.05 862,282.78 302006 Raw Pumps & Screening - 900,000.00 900,000.00 314,466.00 - 585,534.00 302007 Electrical Substation Rehab - 158,690.00 158,690.00 - - 158,690.00 302008 RCTP Fence - 450,000.00 450,000.00 113,339.40 282,422.79 54,237.81 302009 Truman & Harris - 50,000.00 50,000.00 - - 50,000.00 302101 Sanitation Sewer Evaluation Survey - 199,303.60 199,303.60 24,360.63 87,333.16 87,609.81 302102 Raymond Harkless Mills San Imp - 200,000.00 200,000.00 - - 200,000.00 302103 Pump Station Imp & Maintenance 100,000.00 394,045.55 494,045.55 - 71,709.24 422,336.31 302104 Polymer System Relocation - 100,000.00 100,000.00 - - 100,000.00 302105 Piping Rehabilitation 200,000.00 200,000.00 400,000.00 14,332.50 13,306.38 372,361.12 302201 Upper Adair Interceptor 800,000.00 - 800,000.00 - - 800,000.00 302202 Crackerneck Creek Slope Rehab 1,100,000.00 - 1,100,000.00 91,320.00 7,774.52 1,000,905.48 302203 Sanitary Sewer Main Reloc from Stre 300,000.00 - 300,000.00 - - 300,000.00 302204 RCTP - Septic Pumper 300,000.00 - 300,000.00 - - 300,000.00 302205 Clarifier Rehabilitation 800,000.00 605,823.97 1,405,823.97 - - 1,405,823.97 302206 Railing Safety RCPS & SCPS 325,000.00 - 325,000.00 - - 325,000.00 9757 TRENCHLESS TECHNOLOGY - 1,555,740.96 1,555,740.96 179,998.40 229,648.66 1,146,093.90 $ 3,925,000.00 13,934,229.68 17,859,229.68 3,238,805.55 2,086,308.94 12,534,115.19 Current Year Prior Year Budget Budget (Enc Roll) Total Budget 14,201,208.53 $ 3,658,021.15 17,859,229.68 Less Expenditures 795,760.01 1,290,548.93 2,086,308.94 Less Encumbrances 878,943.83 2,359,861.72 3,238,805.55 Total Available 12,526,504.69 $ 7,610.50 12,534,115.19
23
CITY OF INDEPENDENCE,
MISSOURI
Budgetary Comparison Schedule Events Center Debt Service
For the period ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Amended Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Operating revenues: Charges for Services $ 0.00% -91.67% Miscellaneous 0.00% -91.67% Total operating revenues 0.00% -91.67% Operating Expenses: Personnel Services 0.00% -91.67% Other Services 1,000 1,000 59,330 (58,330) 5933.00% 5841.33% Supplies 0.00% -91.67% Capital Outlay 3,120,150 4,525,245 2,547,124 1,978,121 56.29% -35.38% Debt Service 5,292,906 5,292,906 5,603,484 (310,578) 105.87% 14.20% Other Expenses 0.00% -91.67% Total Operating Expenses 8,414,056 9,819,151 8,209,938 1,609,213 83.61% -8.06% Nonoperating Revenues (Expenses): Investment Income 71,000 71,000 5,738 (65,262) 8.08% -83.59% Miscellaneous Revenue (Expense) 267 267 0.00% -91.67% Sales Tax 5,173,844 5,173,844 4,954,949 (218,895) 95.77% 4.10% Total Nonoperating Revenue (Expenses) 5,244,844 5,244,844 4,960,954 (283,890) 94.59% 2.92% (3,169,212) (4,574,307) (3,248,984) 1,325,323 71.03% -20.64% Transfers Out – Utility Payments In Lieu of Taxes 0.00% -91.67% Transfers In 75,000 75,000 1,337,631 (1,262,631) 1783.51% 1691.84% Transfers Out 0.00% -91.67% Total Transfers 75,000 75,000 1,337,631 (1,262,631) 1783.51% 1691.84% Excess of Revenue and Other Financing Sources Over (Under) Expenditures and Other Financing Uses, Budget Basis $ (3,094,212) (4,499,307) (1,911,353) 2,587,954 Beginning Available Resources (1,116,862) Less Prior Year Expenses (24,607) Ending Available Resources $ (3,052,822) Income (Loss) Before Transfers
24
CITY
OF INDEPENDENCE,
MISSOURI
Budgetary Comparison Schedule Central Garage
For the period ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Amended Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Operating revenues: Charges for Services $ 2,206,668 2,435,868 2,376,820 (59,048) 97.58% 5.91% Miscellaneous 7,533 7,533 0.00% -91.67% Total Operating Revenues 2,206,668 2,435,868 2,384,353 (51,515) 97.89% 6.22% Operating Expenses: Personnel Services 852,345 852,345 662,996 189,349 77.78% -13.89% Other Services 538,628 771,928 989,357 (217,429) 128.17% 36.50% Supplies 787,055 787,055 984,276 (197,221) 125.06% 33.39% Capital Outlay 39,000 40,000 39,119 881 97.80% 6.13% Other Expenses 0.00% -91.67% Total Operating Expenses 2,217,028 2,451,328 2,675,748 (224,420) 109.16% 17.49% Nonoperating Revenues (Expenses): Investment Income 8,000 8,000 5,828 (2,172) 72.85% -18.82% Miscellaneous Revenue (Expense) 5,100 10,360 5,260 203.14% 111.47% Total Nonoperating Revenue (Expenses) 8,000 13,100 16,188 3,088 123.57% 31.90% (2,360) (2,360) (275,207) (272,847) 11661.31% 11569.64% Transfers Out – Utility Payments In Lieu of Taxes 0.00% -91.67% Transfers In 0.00% -91.67% Transfers Out 0.00% -91.67% Total Transfers 0.00% -91.67% Change In Net Position (Budget Basis) $ (2,360) (2,360) (275,207) (272,847) Unassigned Fund Balance at Beginning of Year (1,334,153) Cancellation of Prior Year Encumbrances 102,101 Change in Other Fund Balance Components During the Year (4,126) GAAP Components - OPEB and LAGERS 1,755,311 Ending Unassigned Fund Balance Non-GAAP Basis, 05/31/22 243,926 Other Net Position Components: Assigned - Current Year Encumbrances 365,563 Assigned - Prior Year Encumbrances 173 Total Fund Balance $ 609,662 Income (Loss) Before Transfers
25
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Staywell Health Care
For the period ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Amended Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Operating revenues: Charges for Services $ 15,500,000 15,500,000 19,461,044 3,961,044 125.56% 33.89% Miscellaneous 0.00% -91.67% Total Operating Revenues 15,500,000 15,500,000 19,461,044 3,961,044 125.56% 33.89% Operating Expenses: Personnel Services 187,200 187,200 377,040 (189,840) 201.41% 109.74% Other Services 19,166,120 19,166,120 21,251,914 (2,085,794) 110.88% 19.21% Supplies 0.00% -91.67% Capital Outlay 0.00% -91.67% Other Expenses 0.00% -91.67% Total Operating Expenses 19,353,320 19,353,320 21,628,954 (2,275,634) 111.76% 20.09% Nonoperating Revenues (Expenses): Investment Income 4,000 4,000 6,757 2,757 168.93% 77.26% Miscellaneous Revenue (Expense) 1,309,393 1,309,393 0.00% -91.67% Total Nonoperating Revenue (Expenses) 4,000 4,000 1,316,150 1,312,150 32903.75% 32812.08% (3,849,320) (3,849,320) (851,760) 2,997,560 22.13% -69.54% Transfers In - American Rescue Plan 2,350,000 (2,350,000) 0.00% -91.67% Transfers Out 0.00% -91.67% Total Transfers 2,350,000 (2,350,000) 0.00% -91.67% Change In Net Position (Budget Basis) $ (3,849,320) (3,849,320) 1,498,240 5,347,560 Unassigned Fund Balance at Beginning of Year 289,505 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year 59,670 Ending Unassigned Fund Balance Non-GAAP Basis, 05/31/22 1,847,415 Other Net Position Components: Assigned - Current Year Encumbrances 9,000 Assigned - Prior Year Encumbrances Total Fund Balance $ 1,856,415 Income (Loss) Before Transfers
26
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Workers' Compensation
For the period ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Amended Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Operating revenues: Charges for Services $ 4,625,000 4,625,000 4,239,583 (385,417) 91.67% 0.00% Miscellaneous 129,049 129,049 0.00% -91.67% Total Operating Revenues 4,625,000 4,625,000 4,368,632 (256,368) 94.46% 2.79% Operating Expenses: Personnel Services 13,778 13,778 11,390 2,388 82.67% -9.00% Other Services 4,599,000 4,599,000 3,314,432 1,284,568 72.07% -19.60% Supplies 3,000 3,000 3,000 0.00% -91.67% Capital Outlay 2,000 2,000 2,000 0.00% -91.67% Other Expenses 0.00% -91.67% Total Operating Expenses 4,617,778 4,617,778 3,325,822 1,291,956 72.02% -19.65% Nonoperating Revenues (Expenses): Investment Income 6,000 6,565 565 109.42% 17.75% Miscellaneous Revenue (Expense) 26,639 26,639 0.00% -91.67% Total Nonoperating Revenue (Expenses) 6,000 33,204 27,204 553.40% 461.73% 7,222 13,222 1,076,014 1,062,792 8138.06% 8046.39% Transfers In 0.00% -91.67% Transfers Out 0.00% -91.67% Total Transfers 0.00% -91.67% Change In Net Position (Budget Basis) $ 7,222 13,222 1,076,014 1,062,792 Unassigned Fund Balance at Beginning of Year (8,356,420) Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year 469,629 Year-end investment market value adjustment Ending Unassigned Fund Balance Non-GAAP Basis, 05/31/22 (6,810,777) Other Net Position Components: Restricted - Work Comp Escrow Assigned - Current Year Encumbrances 29,184 Assigned - Prior Year Encumbrances 10,675 Total Fund Balance $ (6,770,918) Income (Loss) Before Transfers
27
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Risk Management
For the period ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Amended Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Operating revenues: Charges for Services $ 2,995,000 2,995,000 2,727,175 (267,825) 91.06% -0.61% Miscellaneous 0.00% -91.67% Total Operating Revenues 2,995,000 2,995,000 2,727,175 (267,825) 91.06% -0.61% Operating Expenses: Personnel Services 13,778 13,778 11,390 2,388 82.67% -9.00% Other Services 2,977,000 2,977,000 2,332,745 644,255 78.36% -13.31% Supplies 3,000 3,000 3,000 0.00% -91.67% Capital Outlay 0.00% -91.67% Other Expenses 0.00% -91.67% Total Operating Expenses 2,993,778 2,993,778 2,344,135 649,643 78.30% -13.37% Nonoperating Revenues (Expenses): Investment Income 23,000 20,625 (2,375) 89.67% -2.00% Miscellaneous Revenue (Expense) 5 5 0.00% -91.67% Total Nonoperating Revenue (Expenses) 23,000 20,630 (2,370) 89.70% -1.97% 1,222 24,222 403,670 379,448 1666.54% 1574.87% Transfers Out – Utility Payments In Lieu of Taxes 0.00% -91.67% Transfers In 0.00% -91.67% Transfers Out 0.00% -91.67% Total Transfers 0.00% -91.67% Change In Net Position (Budget Basis) $ 1,222 24,222 403,670 379,448 Unassigned Fund Balance at Beginning of Year 1,345,764 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-end investment market value adjustment Ending Unassigned Fund Balance Non-GAAP Basis, 05/31/22 1,749,434 Other Net Position Components: Assigned - Current Year Encumbrances 12,646 Assigned - Prior Year Encumbrances 7,382 Total Fund Balance $ 1,769,462 Income (Loss) Before Transfers
28
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison
Actual Variance Percent Percent Budgeted Amounts Amounts with Amended Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Operating revenues: Charges for Services $ 2,200,000 2,200,000 2,016,667 (183,333) 91.67% 0.00% Miscellaneous 0.00% -91.67% Total Operating Revenues 2,200,000 2,200,000 2,016,667 (183,333) 91.67% 0.00% Operating Expenses: Personnel Services 655,218 655,218 534,061 121,157 81.51% -10.16% Other Services 1,147,200 1,147,200 716,320 430,880 62.44% -29.23% Supplies 0.00% -91.67% Capital Outlay 50,000 50,000 5,946 44,054 11.89% -79.78% Other Expenses 0.00% -91.67% Total Operating Expenses 1,852,418 1,852,418 1,256,327 596,091 67.82% -23.85% Nonoperating Revenues (Expenses): Investment Income 0.00% -91.67% Miscellaneous Revenue (Expense) 0.00% -91.67% Total Nonoperating Revenue (Expenses) 0.00% -91.67% 347,582 347,582 760,340 412,758 218.75% 127.08% Transfers Out – Utility Payments In Lieu of Taxes 0.00% -91.67% Transfers In – CARES Act 0.00% -91.67% Transfers Out 0.00% -91.67% Total Transfers 0.00% -91.67% Change In Net Position (Budget Basis) $ 347,582 347,582 760,340 412,758 Unassigned Fund Balance at Beginning of Year 1,350,925 Cancellation of Prior Year Encumbrances 796 Change in Other Fund Balance Components During the Year GAAP Components - OPEB and LAGERS (45,193) Ending Unassigned Fund Balance Non-GAAP Basis, 05/31/22 2,066,868 Other Net Position Components: Assigned - Current Year Encumbrances 19,105 Assigned - Prior Year Encumbrances 100,608 Total Fund Balance $ 2,186,581 Income (Loss) Before Transfers
Resource Planning
29
Schedule Enterprise
For the period ended May 31, 2022
CITY OF INDEPENDENCE, MISSOURI Budgetary
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Charges for Services $ 9,289 9,289 6,193 (3,096) 66.67% -25.00% Investment Income (Loss) 200 200 326 126 163.00% 71.33% Other Revenue 0.00% -91.67% Total Revenues 9,489 9,489 6,519 (2,970) 68.70% -22.97% Expenditures: General Government 62 (62) 0.00% -91.67% Debt Service 9,586 9,586 8,878 708 92.61% 0.94% Total Expenditures 9,586 9,586 8,940 646 93.26% 1.59% Other Financing Uses: Transfers Out/Capital Outlay 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total expenditures and other financing uses 9,586 9,586 8,940 646 93.26% 1.59% Excess of Revenues Over (Under) Expenditures and Other Financing Uses, Budget Basis $ (97) (97) (2,421) (2,324) Unassigned Fund Balance at Beginning of Year 106,985 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment Ending Unassigned Fund Balance, 05/31/22 104,564 Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Total Fund Balance $ 104,564
Comparison Schedule Debt Service - Neighborhood Improvement Districts For the period ended May 31, 2022 30
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Charges for Services $ 9,741 9,741 0.00% -91.67% Investment Income 2,000 2,000 581 (1,419) 29.05% -62.62% Intergovernmental 0.00% -91.67% Other Revenue 0.00% -91.67% Total Revenues 2,000 2,000 10,322 8,322 516.10% 424.43% Other Financing Sources: Transfers In 94,191 94,191 0.00% -91.67% Total Other Financing Sources 94,191 94,191 0.00% -91.67% Total Revenues and Other Financing Sources 2,000 2,000 104,513 102,513 5225.65% 5133.98% Expenditures: Public Works 0.00% -91.67% Culture and Recreation 0.00% -91.67% Capital Outlay 220,797 11,240 209,557 5.09% -86.58% Total Expenditures 220,797 11,240 209,557 5.09% -86.58% Other Financing Uses: Transfers Out/Capital Outlay 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Financing Uses 220,797 11,240 209,557 5.09% -86.58% Excess of Revenues Over (Under) Expenditures and Other Financing Uses, Budget Basis $ 2,000 (218,797) 93,273 312,070 Unassigned Fund Balance at Beginning of Year (137,026) Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment Ending Unassigned Fund Balance, 05/31/22 (43,753) Other Fund Balance Components: Committed - Current Year Encumbrances 4,480 Committed - Prior Year Encumbrances 106,239 Total Fund Balance $ 66,966 Budgetary Comparison Schedule
OF
Street Improvements Capital Project Fund For the period ended May 31, 2022 31
CITY
INDEPENDENCE, MISSOURI
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule
Revolving Public Improvements Capital Project Fund For the period ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Charges for Services $ 0.00% -91.67% Investment Income (Loss) 320 320 0.00% -91.67% Other Revenue 0.00% -91.67% Total Revenues 320 320 0.00% -91.67% Expenditures: Public Works 0.00% -91.67% Culture and Recreation 0.00% -91.67% Capital Outlay 0.00% -91.67% Total Expenditures 0.00% -91.67% Other Financing Uses: Transfers Out/Capital Outlay 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Financing Uses 0.00% -91.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses, Budget Basis $ 320 320 Unassigned Fund Balance at Beginning of Year 21,613 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment Ending Unassigned Fund Balance, 05/31/22 21,933 Other Fund Balance Components: Committed - Current Year Encumbrances Committed - Prior Year Encumbrances Total Fund Balance $ 21,933
32
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Charges for Services $ 0.00% -91.67% Investment Income 5,000 3,655 (1,345) 73.10% -18.57% Other Revenue 100,800 100,800 100,800 100.00% 8.33% Total revenues 100,800 105,800 104,455 (1,345) 98.73% 7.06% Other Financing Sources: Transfers In 26,792 26,792 0.00% -91.67% Total Other Financing Sources 26,792 26,792 0.00% -91.67% Total Revenues and Other Financing Sources 100,800 105,800 131,247 25,447 124.05% 32.38% Expenditures: Public Works 0.00% -91.67% Culture and Recreation 0.00% -91.67% Capital Outlay 506,900 783,998 458,323 325,675 58.46% -33.21% Total Expenditures 506,900 783,998 458,323 325,675 0.00% -91.67% Other Financing Uses: Transfers Out/Capital Outlay 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total expenditures and other financing uses 506,900 783,998 458,323 325,675 58.46% -33.21% Excess of Revenues Over (Under) Expenditures and Other Financing Uses, Budget Basis $ (406,100) (678,198) (327,076) 351,122 Unassigned Fund Balance at Beginning of Year (701,084) Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment Ending Unassigned Fund Balance, 05/31/22 (1,028,160) Other Fund Balance Components: Committed - Current Year Encumbrances 430,107 Committed - Prior Year Encumbrances 12,000 Total Fund Balance $ (586,053)
Buildings and Other Improvements Capital Project Fund For the period ended May 31, 2022 33
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Charges for Services $ 0.00% -91.67% Investment Income 0.00% -91.67% Other Revenue 0.00% -91.67% Total revenues 0.00% -91.67% Expenditures: Public Works 0.00% -91.67% Culture and Recreation 0.00% -91.67% Capital Outlay 0.00% -91.67% Total Expenditures 0.00% -91.67% Other Financing Uses: Transfers Out/Capital Outlay 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total expenditures and other financing uses 0.00% -91.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses, Budget Basis $ Unassigned Fund Balance at Beginning of Year (16,155) Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Ending Unassigned Fund Balance, 05/31/22 (16,155) Fund Balance Components: Committed - Current Year Encumbrances Committed - Prior Year Encumbrances Total Fund Balance $ (16,155) CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Storm Drainage Capital Project Fund For the period ended May 31, 2022 34
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Park Improvements Capital Project Fund For the period ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Charges for Services $ 0.00% -91.67% Investment Income (Loss) 478 478 0.00% -91.67% Other Revenue 0.00% -91.67% Total revenues 478 478 0.00% -91.67% Expenditures: Public Works 0.00% -91.67% Culture and Recreation 0.00% -91.67% Capital Outlay 0.00% -91.67% Total Expenditures 0.00% -91.67% Other Financing Uses: Transfers Out/Capital Outlay 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total expenditures and other financing uses 0.00% -91.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses, Budget Basis $ 478 478 Unassigned Fund Balance at Beginning of Year 31,479 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment Ending Unassigned Fund Balance, 05/31/22 31,957 Fund Balance Components: Committed - Current Year Encumbrances Committed - Prior Year Encumbrances Total Fund Balance $ 31,957
35
CITY OF INDEPENDENCE, MISSOURI Budgetary
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Charges for Services $ 10,500 10,500 (10,500) 0.00% -91.67% Investment Income 75 75 0.00% -91.67% Other Revenue 0.00% -91.67% Total Revenues 10,500 10,500 75 (10,425) 0.71% -90.96% Expenditures: Public Works 0.00% -91.67% Culture and Recreation 10,310 10,310 976 9,334 9.47% -82.20% Capital Outlay 0.00% -91.67% Total Expenditures 10,310 10,310 976 9,334 9.47% -82.20% Other Financing Uses: Transfers Out/Capital Outlay 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Financing Uses 10,310 10,310 976 9,334 9.47% -82.20% Excess of revenues over (under) expenditures and Other Financing Uses, Budget Basis $ 190 190 (901) (1,091) Unassigned Net Position at Beginning of Year 903 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment Unassigned Net Position, 05/31/22 2 Other Net Position Components: Committed - Current Year Encumbrances Committed - Prior Year Encumbrances Total Net Position $ 2
Schedule Private Purpose Expendable Trust Fund - Vaile Mansion For the period ended May 31, 2022 36
Comparison
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Sales Taxes $ 8,106,070 8,106,070 7,274,718 (831,352) 89.74% -1.93% Investment Income 75,000 75,000 29,288 (45,712) 39.05% -52.62% Total Revenues 8,181,070 8,181,070 7,304,006 (877,064) 89.28% -2.39% Expenditures: Administrative Fee 162,121 162,121 145,494 16,627 89.74% -1.93% Insurance 2,150 2,150 4,243 (2,093) 197.35% 105.68% Legal 55,300 55,300 55,300 0.00% -91.67% Audit 5,500 5,500 5,300 200 96.36% 4.69% Banking 6,500 6,500 9,051 (2,551) 139.25% 47.58% Professional Services 20,550 (20,550) 0.00% -91.67% Capital Outlay 0.00% -91.67% Other 0.00% -91.67% Total Expenditures 231,571 231,571 184,638 46,933 79.73% -11.94% Other Financing Uses: Transfers Out - EATS (1,175,000) (1,175,000) (873,726) (301,274) 74.36% -17.31% Transfers Out - Debt Service (City) (4,205,456) (4,205,456) (4,081,222) (124,234) 97.05% 5.38% Transfers Out - Captial Projects (3,120,150) (3,120,150) (1,337,631) (1,782,519) 42.87% -48.80% Total Other Financing Uses (8,500,606) (8,500,606) (6,292,579) (2,208,027) 74.03% -17.64% Excess of Revenue and Other Financing Sources Over (Under) Expenditures and Other Financing Uses, Budget Basis $ (551,107) (551,107) 826,789 1,377,896 Unassigned Fund Balance at Beginning of Year 9,171,998 Cancellation of Prior Year Encumbrances 117,346 Change in Other Fund Balance Components During the Year Unassigned Ending Fund Balance, 05/31/22 10,116,133 Other Fund Balance Components: Restricted - current year encumbrances 5,795 Restricted - prior year encumbrances Total Fund Balance $ 10,121,928
Independence Events Center CID For the period ended May 31, 2022 37
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule
Crackerneck Creek TDD For the period ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Sales taxes $ 467,996 467,996 470,452 2,456 100.52% 8.85% Investment income 300 300 392 92 130.67% 39.00% Total revenues 468,296 468,296 470,844 2,548 100.54% 8.87% Expenditures: Administrative fee 9,360 9,360 9,409 (49) 100.52% 8.85% Insurance 2,150 2,150 4,215 (2,065) 196.05% 104.38% Legal 0.00% -91.67% Audit 5,500 5,500 5,300 200 96.36% 4.69% Banking 350 350 366 (16) 104.57% 12.90% Contract services 850 850 850 0.00% -91.67% Capital outlay 0.00% -91.67% Other 0.00% -91.67% Total expenditures 18,210 18,210 19,290 (1,080) 105.93% 14.26% Other financing uses: Transfers out - EATS (233,998) (233,998) (235,226) 1,228 100.52% 8.85% Transfers out - Debt Service (City) (215,000) (215,000) (215,000) 100.00% 8.33% Total other financing uses (448,998) (448,998) (450,226) 1,228 100.27% 8.60% Excess of Revenue and Other Financing Sources Over (Under) Expenditures and Other Financing Uses, Budget Basis $ 1,088 1,088 1,328 240 Unassigned Fund Balance at Beginning of Year 137,827 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year (589) Unassigned Ending Fund Balance, 05/31/22 138,566 Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Restricted - City Transportation 7,041 Total Fund Balance $ 145,607
38
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Tax Increment Financing Summary For the Period Ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Taxes $ 15,970,917 15,970,917 17,072,333 1,101,416 106.90% 15.23% Investment Income (Loss) 294,000 294,000 415,443 121,125 141.31% 49.64% Other revenue 1,310,958 1,310,958 1,178,301 (132,657) 89.88% -1.79% Total Revenues 17,575,875 17,575,875 18,666,077 1,089,884 106.20% 14.53% Other Financing Sources: Transfers In 1,327,471 1,327,471 873,725 (453,746) 65.82% -25.85% Total Other Financing Sources 1,327,471 1,327,471 873,725 (453,746) 65.82% -25.85% Total Revenues and Other Financing Sources 18,903,346 18,903,346 19,539,802 636,138 103.37% 11.70% Expenditures: Tax Increment Financing 2,171,231 2,171,231 2,316,568 (145,337) 106.69% 15.02% Debt Service Principal 9,423,109 9,423,109 9,430,745 (7,636) 100.08% 8.41% Interest and Fiscal Agent Fees 5,082,094 5,082,094 4,918,262 163,832 96.78% 5.11% Debt Issuance Costs 0.00% -91.67% Total Expenditures 16,676,434 16,676,434 16,665,575 10,859 99.93% 8.26% Other Financing Uses: Issuance of Debt 0.00% -91.67% Reoffering Premium/Original Issue Discount 0.00% -91.67% Payment to Refund Loans Escrow Agent 0.00% -91.67% Transfers Out 873,725 (873,725) 0.00% -91.67% Total Other Financing Uses 873,725 (873,725) 0.00% -91.67% Total Expenditures and Other Financing Uses 16,676,434 16,676,434 17,539,300 (862,866) 105.17% 13.50% Excess of Revenues Over (Under) Expenditures and other financing uses $ 2,226,912 2,226,912 2,000,502 (226,410) Unassigned Fund Balance at Beginning of Year 4,435,457 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment Unassigned Ending Fund Balance, 05/31/22 6,435,959 Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances 15,226 Restricted - Trust Debt Service 26,406,785 Total Fund Balance $ 32,857,970
39
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Taxes $ 0.00% -91.67% Investment Income (Loss) 23 23 0.00% -91.67% Other Revenue 0.00% -91.67% Total Revenues 23 23 0.00% -91.67% Expenditures: Tax Increment Financing 0.00% -91.67% Debt Service Principal 0.00% -91.67% Interest and Fiscal Agent Fees 0.00% -91.67% Debt Issuance Costs 0.00% -91.67% Total Expenditures 0.00% -91.67% Other Financing Uses: Issuance of Debt 0.00% -91.67% Reoffering Premium/Original Issue Discount 0.00% -91.67% Payment to Refund Loans Escrow Agent 0.00% -91.67% Transfers Out 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Financing Uses 0.00% -91.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 23 23 Unassigned Fund Balance at Beginning of Year 1,574 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment Unassigned Ending Fund Balance, 05/31/22 1,597 Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Restricted - Trust Debt Service Total Fund Balance $ 1,597
Mid-Town Truman Rd TIF For the Period Ended May 31, 2022 40
Schedule
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Taxes $ 26,271 26,271 37,832 11,561 144.01% 52.34% Investment Income (Loss) 1,294 1,294 0.00% -91.67% Other Revenue 102,958 102,958 87,503 (15,455) 84.99% -6.68% Total Revenues 129,229 129,229 126,629 (2,600) 97.99% 6.32% Other Financing Sources: Transfers In 187,942 187,942 (187,942) 0.00% -91.67% Total Other Financing Sources 187,942 187,942 (187,942) 0.00% -91.67% Total Revenues and Other Financing Sources 317,171 317,171 126,629 (190,542) 39.92% -51.75% Expenditures: Tax Increment Financing 7,801 7,801 7,677 124 98.41% 6.74% Debt Service Principal 205,000 205,000 205,000 100.00% 8.33% Interest and Fiscal Agent Fees 327,938 327,938 327,938 100.00% 8.33% Debt Issuance Costs 0.00% -91.67% Total Expenditures 540,739 540,739 540,615 124 99.98% 8.31% Other Financing Uses: Issuance of Debt 0.00% -91.67% Reoffering Premium/Original Issue Discount 0.00% -91.67% Payment to Refund Loans Escrow Agent 0.00% -91.67% Transfers Out 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Financing Uses 540,739 540,739 540,615 124 99.98% 8.31% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (223,568) (223,568) (413,986) (190,418) Unassigned Fund Balance at Beginning of Year (1,115,449) Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Unassigned Ending Fund Balance, 05/31/22 (1,529,435) Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Restricted - Trust Debt Service 557,832 Total Fund Balance $ (971,603)
Fe TIF
41
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Santa
For the Period Ended May 31, 2022
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Hartman Heritage TIF For the Period Ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Taxes $ 1,446,920 1,446,920 289,588 (1,157,332) 20.01% -71.66% Investment Income (Loss) 0.00% -91.67% Other Revenue 0.00% -91.67% Total Revenues 1,446,920 1,446,920 289,588 (1,157,332) 20.01% -71.66% Other Financing Sources: Transfers In 118,097 118,097 (118,097) 0.00% -91.67% Total Other Financing Sources 118,097 118,097 (118,097) 0.00% -91.67% Total Revenues and Other Financing Sources 1,565,017 1,565,017 289,588 (1,275,429) 18.50% -73.17% Expenditures: Tax Increment Financing 121,261 121,261 3,083 118,178 2.54% -89.13% Debt Service Principal 0.00% -91.67% Interest and Fiscal Agent Fees 0.00% -91.67% Debt Issuance Costs 0.00% -91.67% Total Expenditures 121,261 121,261 3,083 118,178 2.54% -89.13% Other Financing Uses: Issuance of Debt 0.00% -91.67% Reoffering Premium/Original Issue Discount 0.00% -91.67% Payment to Refund Loans Escrow Agent 0.00% -91.67% Transfers Out 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Financing Uses 121,261 121,261 3,083 118,178 2.54% -89.13% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 1,443,756 1,443,756 286,505 (1,157,251) Unassigned Fund Balance at Beginning of Year (2,999,627) Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Unassigned Ending Fund Balance, 05/31/22 (2,713,122) Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Restricted - Trust Debt Service Total Fund Balance $ (2,713,122)
42
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Taxes $ 568,730 568,730 6,412 (562,318) 1.13% -90.54% Investment Income (Loss) 25,000 25,000 23,613 (1,387) 94.45% 2.78% Other Revenue 0.00% -91.67% Total Revenues 593,730 593,730 30,025 (563,705) 5.06% -86.61% Expenditures: Tax Increment Financing 15,338 15,338 3,709 11,629 24.18% -67.49% Debt Service Principal 415,000 415,000 415,000 0.00% -91.67% Interest and Fiscal Agent Fees 12,450 12,450 12,450 0.00% -91.67% Debt Issuance Costs 0.00% -91.67% Total Expenditures 442,788 442,788 3,709 439,079 0.84% -90.83% Other Financing Uses: Issuance of Debt 0.00% -91.67% Reoffering Premium/Original Issue Discount 0.00% -91.67% Payment to Refund Loans Escrow Agent 0.00% -91.67% Transfers Out 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Financing Uses 442,788 442,788 3,709 439,079 0.84% -90.83% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 150,942 150,942 26,316 (124,626) Unassigned Fund Balance at Beginning of Year 1,579,935 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment Unassigned Ending Fund Balance, 05/31/22 1,606,251 Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Restricted - Trust Debt Service Total Fund Balance $ 1,606,251
Comparison Schedule Drumm Farm TIF For the Period Ended May 31, 2022 43
CITY OF INDEPENDENCE, MISSOURI Budgetary
CITY
MISSOURI
For the Period Ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Taxes $ 5,053,492 5,053,492 5,814,338 760,846 115.06% 23.39% Investment Income (Loss) 165,000 165,000 232,252 67,252 140.76% 49.09% Other Revenue 0.00% -91.67% Total Revenues 5,218,492 5,218,492 6,046,590 828,098 115.87% 24.20% Other Financing Sources: Transfers In 664,783 664,783 831,331 166,548 125.05% 33.38% Total Other Financing Sources 664,783 664,783 831,331 166,548 125.05% 33.38% Total Revenues and Other Financing Sources 5,883,275 5,883,275 6,877,921 994,646 116.91% 25.24% Expenditures: Tax Increment Financing 457,612 457,612 329,451 128,161 71.99% -19.68% Debt Service Principal 3,980,000 3,980,000 3,980,000 100.00% 8.33% Interest and Fiscal Agent Fees 57,000 57,000 161,000 (104,000) 282.46% 190.79% Debt Issuance Costs 0.00% -91.67% Total Expenditures 4,494,612 4,494,612 4,470,451 24,161 99.46% 7.79% Other Financing Uses: Issuance of Debt 0.00% -91.67% Reoffering Premium/Original Issue Discount 0.00% -91.67% Payment to Refund Loans Escrow Agent 0.00% -91.67% Transfers Out 831,331 (831,331) 0.00% -91.67% Total Other Financing Uses 831,331 (831,331) 0.00% -91.67% Total Expenditures and Other Financing Uses 4,494,612 4,494,612 5,301,782 (807,170) 117.96% 26.29% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 1,388,663 1,388,663 1,576,139 187,476 Unassigned Fund Balance at Beginning of Year 15,004,007 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment Unassigned Ending Fund Balance, 05/31/22 16,580,146 Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Restricted - Trust Debt Service 897,682 Total Fund Balance $ 17,477,828
OF INDEPENDENCE,
Budgetary Comparison Schedule Eastland TIF
44
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule North Independence TIF For the Period Ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Taxes $ 57,965 57,965 44,244 (13,721) 76.33% -15.34% Investment Income (Loss) 27 27 0.00% -91.67% Other Revenue 0.00% -91.67% Total Revenues 57,965 57,965 44,271 (13,694) 76.38% -15.29% Expenditures: Tax Increment Financing 1,645 1,645 454 1,191 27.60% -64.07% Debt Service Principal 10,000 10,000 10,000 0.00% -91.67% Interest and Fiscal Agent Fees 45,530 45,530 24,700 20,830 54.25% -37.42% Debt Issuance Costs 0.00% -91.67% Total Expenditures 57,175 57,175 25,154 32,021 43.99% -47.68% Other Financing Uses: Issuance of Debt 0.00% -91.67% Reoffering Premium/Original Issue Discount 0.00% -91.67% Payment to Refund Loans Escrow Agent 0.00% -91.67% Transfers Out 0.00% -91.67% 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Financing Uses 57,175 57,175 25,154 32,021 43.99% -47.68% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 790 790 19,117 18,327 Unassigned Fund Balance at Beginning of Year 11,934 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Unassigned Ending Fund Balance, 05/31/22 31,051 Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Restricted - Trust Debt Service Total Fund Balance $ 31,051
45
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison
Schedule
Mt Washington TIF
For the Period Ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Taxes $ 2,179 2,179 2,101 (78) 96.42% 4.75% Investment Income (Loss) 1,000 1,000 733 (267) 73.30% -18.37% Other Revenue 0.00% -91.67% Total Revenues 3,179 3,179 2,834 (345) 89.15% -2.52% Other Financing Sources: Transfers In 0.00% -91.67% Capital lease proceeds 0.00% Total Other Financing Sources 0.00% -91.67% Total Revenues and Other Financing Sources 3,179 3,179 2,834 (345) 89.15% -2.52% Expenditures: Tax Increment Financing 63 63 138 (75) 219.05% 127.38% Debt Service Principal 0.00% -91.67% Interest and Fiscal Agent Fees 0.00% -91.67% Debt Issuance Costs 0.00% -91.67% Total Expenditures 63 63 138 (75) 219.05% 127.38% Other Financing Uses: Issuance of Debt 0.00% -91.67% Reoffering Premium/Original Issue Discount 0.00% -91.67% Payment to Refund Loans Escrow Agent 0.00% -91.67% Transfers Out 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Financing Uses 63 63 138 (75) 219.05% 127.38% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 3,116 3,116 2,696 (420) Unassigned Fund Balance at Beginning of Year 49,447 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment Unassigned Ending Fund Balance, 05/31/22 52,143 Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Restricted - Trust Debt Service Total Fund Balance $ 52,143
46
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Taxes $ 1,589,201 1,589,201 1,677,771 88,570 105.57% 13.90% Investment Income (Loss) 77,000 77,000 49,830 (27,170) 64.71% -26.96% Other Revenue 1,208,000 1,208,000 1,090,798 (117,202) 90.30% -1.37% Total Revenues 2,874,201 2,874,201 2,818,399 (55,802) 98.06% 6.39% Other Financing Sources: Transfers In 315,000 315,000 (315,000) 0.00% -91.67% Total Other Financing Sources 315,000 315,000 (315,000) 0.00% -91.67% Total Revenues and Other Financing Sources 3,189,201 3,189,201 2,818,399 (370,802) 88.37% -3.30% Expenditures: Tax Increment Financing 48,817 48,817 43,553 5,264 89.22% -2.45% Debt Service Principal 50,000 50,000 1,735,000 (1,685,000) 3470.00% 3378.33% Interest and Fiscal Agent Fees 3,775,226 3,775,226 2,939,800 835,426 77.87% -13.80% Debt Issuance Costs 0.00% -91.67% Total Expenditures 3,874,043 3,874,043 4,718,353 (844,310) 121.79% 30.12% Other Financing Uses: Issuance of Debt 0.00% -91.67% Reoffering Premium/Original Issue Discount 0.00% -91.67% Payment to Refund Loans Escrow Agent 0.00% -91.67% Transfers Out 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Financing Uses 3,874,043 3,874,043 4,718,353 (844,310) 121.79% 30.12% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (684,842) (684,842) (1,899,954) (1,215,112) Unassigned Fund Balance at Beginning of Year (10,710,147) Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment Unassigned Ending Fund Balance, 05/31/22 (12,610,101) Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances 15,226 Restricted - Trust Debt Service 21,572,705 Total Fund Balance $ 8,977,830
Crackerneck Creek TIF For the Period Ended May 31, 2022 47
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Taxes $ 496,239 496,239 698,223 201,984 140.70% 49.03% Investment Income (Loss) 141 141 0.00% -91.67% Other Revenue 0.00% -91.67% Total Revenues 496,239 496,239 698,364 202,125 140.73% 49.06% Expenditures: Tax Increment Financing 9,590 9,590 13,916 (4,326) 145.11% 53.44% Debt Service Principal 486,349 486,349 651,952 (165,603) 134.05% 42.38% Interest and Fiscal Agent Fees 34,098 (34,098) 0.00% -91.67% Debt Issuance Costs 0.00% -91.67% Total Expenditures 495,939 495,939 699,966 (204,027) 141.14% 49.47% Other Financing Uses: Issuance of Debt 0.00% -91.67% Reoffering Premium/Original Issue Discount 0.00% -91.67% Payment to Refund Loans Escrow Agent 0.00% -91.67% Transfers Out 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Financing Uses 495,939 495,939 699,966 (204,027) 141.14% 49.47% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 300 300 (1,602) (1,902) Unassigned Fund Balance at Beginning of Year 9,853 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Unassigned Ending Fund Balance, 05/31/22 8,251 Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Restricted - Trust Debt Service Total Fund Balance $ 8,251
OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Old Landfill TIF For the Period Ended May 31, 2022 48
CITY
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule
Trinity TIF
For the Period Ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Taxes $ 489,107 489,107 445,687 (43,420) 91.12% -0.55% Investment Income (Loss) 68 68 0.00% -91.67% Other Revenue 0.00% -91.67% Total Revenues 489,107 489,107 445,755 (43,352) 91.14% -0.53% Other Financing Sources: Transfers In 32,466 32,466 35,104 2,638 108.13% 16.46% Total Other Financing Sources 32,466 32,466 35,104 2,638 108.13% 16.46% Total Revenues and Other Financing Sources 521,573 521,573 480,859 (40,714) 92.19% 0.52% Expenditures: Tax Increment Financing 11,267 11,267 9,272 1,995 82.29% -9.38% Debt Service Principal 510,360 510,360 328,084 182,276 64.28% -27.39% Interest and Fiscal Agent Fees 132,516 (132,516) 0.00% -91.67% Debt Issuance Costs 0.00% -91.67% Total Expenditures 521,627 521,627 469,872 51,755 90.08% -1.59% Other Financing Uses: Issuance of Debt 0.00% -91.67% Reoffering Premium/Original Issue Discount 0.00% -91.67% Payment to Refund Loans Escrow Agent 0.00% -91.67% Transfers Out 35,104 (35,104) 0.00% -91.67% Total Other Financing Uses 35,104 (35,104) 0.00% -91.67% Total Expenditures and Other Financing Uses 521,627 521,627 504,976 16,651 96.81% 5.14% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (54) (54) (24,117) (24,063) Unassigned Fund Balance at Beginning of Year 69,361 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Unassigned Ending Fund Balance, 05/31/22 45,244 Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Restricted - Trust Debt Service Total Fund Balance $ 45,244
49
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule
For the Period Ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Taxes $ 3,589,345 3,589,345 4,527,599 938,254 126.14% 34.47% Investment Income (Loss) 17,000 17,000 46,422 29,422 273.07% 181.40% Other Revenue 0.00% -91.67% Total Revenues 3,606,345 3,606,345 4,574,021 967,676 126.83% 35.16% Other Financing Sources: Transfers In 9,183 9,183 7,290 (1,893) 79.39% -12.28% Total Other Financing Sources 9,183 9,183 7,290 (1,893) 79.39% -12.28% Total Revenues and Other Financing Sources 3,615,528 3,615,528 4,581,311 965,783 126.71% 35.04% Expenditures: Tax Increment Financing 550,170 550,170 1,697,418 (1,147,248) 308.53% 216.86% Debt Service Principal 2,200,000 2,200,000 2,200,000 100.00% 8.33% Interest and Fiscal Agent Fees 863,950 863,950 863,950 100.00% 8.33% Debt Issuance Costs 0.00% -91.67% Total Expenditures 3,614,120 3,614,120 4,761,368 (1,147,248) 131.74% 40.07% Other Financing Uses: Issuance of Debt 0.00% -91.67% Reoffering Premium/Original Issue Discount 0.00% -91.67% Payment to Refund Loans Escrow Agent 0.00% -91.67% Transfers Out 7,290 (7,290) 0.00% -91.67% Total Other Financing Uses 7,290 (7,290) 0.00% -91.67% Total Expenditures and Other Financing Uses 3,614,120 3,614,120 4,768,658 (1,154,538) 131.95% 40.28% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 1,408 1,408 (187,347) (188,755) Unassigned Fund Balance at Beginning of Year 1,165,892 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment Unassigned Ending Fund Balance, 05/31/22 978,545 Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Restricted - Trust Debt Service 3,378,566 Total Fund Balance $ 4,357,111
HCA TIF
50
CITY OF INDEPENDENCE, MISSOURI Budgetary
Comparison Schedule
Cinema East TIF
For the Period Ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Taxes $ 257,861 257,861 256,955 (906) 99.65% 7.98% Investment Income (Loss) 37 37 0.00% -91.67% Other Revenue 0.00% -91.67% Total Revenues 257,861 257,861 256,992 (869) 99.66% 7.99% Expenditures: Tax Increment Financing 5,139 5,139 5,660 (521) 110.14% 18.47% Debt Service Principal 252,902 252,902 119,490 133,412 47.25% -44.42% Interest and Fiscal Agent Fees 177,310 (177,310) 0.00% -91.67% Debt Issuance Costs 0.00% -91.67% Total Expenditures 258,041 258,041 302,460 (44,419) 117.21% 25.54% Other Financing Uses: Issuance of Debt 0.00% -91.67% Reoffering Premium/Original Issue Discount 0.00% -91.67% Payment to Refund Loans Escrow Agent 0.00% -91.67% Transfers Out 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Financing Uses 258,041 258,041 302,460 (44,419) 117.21% 25.54% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (180) (180) (45,468) (45,288) Unassigned Fund Balance at Beginning of Year 80,315 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Unassigned Ending Fund Balance, 05/31/22 34,847 Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Restricted - Trust Debt Service Total Fund Balance $ 34,847
51
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
23rd & Noland Project 1 TIF For the Period Ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Taxes $ 82,194 82,194 80,178 (2,016) 97.55% 5.88% Investment Income (Loss) 186 186 0.00% -91.67% Other Revenue 0.00% -91.67% Total Revenues 82,194 82,194 80,364 (1,830) 97.77% 6.10% Expenditures: Tax Increment Financing 2,063 2,063 1,840 223 89.19% -2.48% Debt Service Principal 80,131 80,131 80,131 0.00% -91.67% Interest and Fiscal Agent Fees 0.00% -91.67% Debt Issuance Costs 0.00% -91.67% Total Expenditures 82,194 82,194 1,840 80,354 2.24% -89.43% Other Financing Uses: Issuance of Debt 0.00% -91.67% Reoffering Premium/Original Issue Discount 0.00% -91.67% Payment to Refund Loans Escrow Agent 0.00% -91.67% Transfers Out 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Financing Uses 82,194 82,194 1,840 80,354 2.24% -89.43% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 78,524 78,524 Unassigned Fund Balance at Beginning of Year 72,840 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Unassigned Ending Fund Balance, 05/31/22 151,364 Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Restricted - Trust Debt Service Total Fund Balance $ 151,364
52
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule 23rd & Noland Project 2 TIF For the Period Ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Taxes $ 11,729 11,729 15,685 3,956 133.73% 42.06% Investment Income (Loss) 307 307 0.00% -91.67% Other Revenue 0.00% -91.67% Total Revenues 11,729 11,729 15,992 4,263 136.35% 44.68% Expenditures: Tax Increment Financing 246 246 574 (328) 233.33% 141.66% Debt Service Principal 11,483 11,483 33,000 (21,517) 287.38% 195.71% Interest and Fiscal Agent Fees 0.00% -91.67% Debt Issuance Costs 0.00% -91.67% Total Expenditures 11,729 11,729 33,574 (21,845) 286.25% 194.58% Other Financing Uses: Issuance of Debt 0.00% -91.67% Reoffering Premium/Original Issue Discount 0.00% -91.67% Payment to Refund Loans Escrow Agent 0.00% -91.67% Transfers Out 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Financing Uses 11,729 11,729 33,574 (21,845) 286.25% 194.58% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (17,582) (17,582) Unassigned Fund Balance at Beginning of Year 23,261 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment Unassigned Ending Fund Balance, 05/31/22 5,679 Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Restricted - Trust Debt Service Total Fund Balance $ 5,679
53
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule 23rd & Noland Project 3 TIF For the Period Ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Taxes $ 24,348 24,348 28,077 3,729 115.32% 23.65% Investment Income (Loss) 597 597 0.00% -91.67% Other Revenue 0.00% -91.67% Total Revenues 24,348 24,348 28,674 4,326 117.77% 26.10% Expenditures: Tax Increment Financing 24,438 24,438 796 23,642 3.26% -88.41% Debt Service Principal 0.00% -91.67% Interest and Fiscal Agent Fees 0.00% -91.67% Debt Issuance Costs 0.00% -91.67% Total Expenditures 24,438 24,438 796 23,642 3.26% -88.41% Other Financing Uses: Issuance of Debt 0.00% -91.67% Reoffering Premium/Original Issue Discount 0.00% -91.67% Payment to Refund Loans Escrow Agent 0.00% -91.67% Transfers Out 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Financing Uses 24,438 24,438 796 23,642 3.26% -88.41% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (90) (90) 27,878 27,968 Unassigned Fund Balance at Beginning of Year 6,738 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment Unassigned Ending Fund Balance, 05/31/22 34,616 Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Restricted - Trust Debt Service Total Fund Balance $ 34,616
54
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule 23rd & Noland Project 4 TIF For the Period Ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Taxes $ 462,503 462,503 528,440 65,937 114.26% 22.59% Investment Income (Loss) 6,117 6,117 0.00% -91.67% Other Revenue 0.00% -91.67% Total Revenues 462,503 462,503 534,557 72,054 115.58% 23.91% Expenditures: Tax Increment Financing 462,503 462,503 11,584 450,919 2.50% -89.17% Debt Service Principal 0.00% -91.67% Interest and Fiscal Agent Fees 0.00% -91.67% Debt Issuance Costs 0.00% -91.67% Total Expenditures 462,503 462,503 11,584 450,919 2.50% -89.17% Other Financing Uses: Issuance of Debt 0.00% -91.67% Reoffering Premium/Original Issue Discount 0.00% -91.67% Payment to Refund Loans Escrow Agent 0.00% -91.67% Transfers Out 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Financing Uses 462,503 462,503 11,584 450,919 2.50% -89.17% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 522,973 522,973 Unassigned Fund Balance at Beginning of Year 73,562 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment Unassigned Ending Fund Balance, 05/31/22 596,535 Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Restricted - Trust Debt Service Total Fund Balance $ 596,535
55
MISSOURI
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Taxes $ 145,470 145,470 319,119 173,649 219.37% 127.70% Investment Income (Loss) 8,000 8,000 21,976 13,976 274.70% 183.03% Other Revenue 0.00% -91.67% Total Revenues 153,470 153,470 341,095 187,625 222.26% 130.59% Expenditures: Tax Increment Financing 7,799 7,799 147,408 (139,609) 1890.09% 1798.42% Debt Service Principal 0.00% -91.67% Interest and Fiscal Agent Fees 0.00% -91.67% Debt Issuance Costs 0.00% -91.67% Total Expenditures 7,799 7,799 147,408 (139,609) 1890.09% 1798.42% Other Financing Uses: Issuance of Debt 0.00% -91.67% Reoffering Premium/Original Issue Discount 0.00% -91.67% Payment to Refund Loans Escrow Agent 0.00% -91.67% Transfers Out 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Financing Uses 7,799 7,799 147,408 (139,609) 1890.09% 1798.42% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 145,671 145,671 193,687 48,016 Unassigned Fund Balance at Beginning of Year 648,571 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment Unassigned Ending Fund Balance, 05/31/22 842,258 Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Restricted - Trust Debt Service Total Fund Balance $ 842,258
56
CITY OF INDEPENDENCE,
Budgetary Comparison Schedule Independence Square TIF For the Period Ended May 31, 2022
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule
I-70 & Little Blue Parkway Project 1 TIF
For the Period Ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Taxes $ 1,152,029 1,152,029 1,729,432 577,403 150.12% 58.45% Investment Income (Loss) 1,000 1,000 26,499 25,499 2649.90% 2558.23% Other Revenue 0.00% -91.67% Total Revenues 1,153,029 1,153,029 1,755,931 602,902 152.29% 60.62% Expenditures: Tax Increment Financing 23,927 23,927 27,610 (3,683) 115.39% 23.72% Debt Service Principal 1,128,102 1,128,102 178,219 949,883 15.80% -75.87% Interest and Fiscal Agent Fees 0.00% -91.67% Debt Issuance Costs 0.00% -91.67% Total Expenditures 1,152,029 1,152,029 205,829 946,200 17.87% -73.80% Other Financing Uses: Issuance of Debt 0.00% -91.67% Reoffering Premium/Original Issue Discount 0.00% -91.67% Payment to Refund Loans Escrow Agent 0.00% -91.67% Transfers Out 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Financing Uses 1,152,029 1,152,029 205,829 946,200 17.87% -73.80% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 1,000 1,000 1,550,102 1,549,102 Unassigned Fund Balance at Beginning of Year 258,617 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment Unassigned Ending Fund Balance, 05/31/22 1,808,719 Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Restricted - Trust Debt Service Total Fund Balance $ 1,808,719
57
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule
I-70 & Little Blue Parkway Project 3 TIF For the Period Ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Taxes $ 382,156 382,156 327,606 (54,550) 85.73% -5.94% Investment Income (Loss) 4,970 4,970 0.00% -91.67% Other Revenue 0.00% -91.67% Total Revenues 382,156 382,156 332,576 (49,580) 87.03% -4.64% Expenditures: Tax Increment Financing 382,156 382,156 6,553 375,603 1.71% -89.96% Debt Service Principal 0.00% -91.67% Interest and Fiscal Agent Fees 0.00% -91.67% Debt Issuance Costs 0.00% -91.67% Total Expenditures 382,156 382,156 6,553 375,603 1.71% -89.96% Other Financing Uses: Issuance of Debt 0.00% -91.67% Reoffering Premium/Original Issue Discount 0.00% -91.67% Payment to Refund Loans Escrow Agent 0.00% -91.67% Transfers Out 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Financing Uses 382,156 382,156 6,553 375,603 1.71% -89.96% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 326,023 326,023 Unassigned Fund Balance at Beginning of Year 107,526 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment Unassigned Ending Fund Balance, 05/31/22 433,549 Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Restricted - Trust Debt Service Total Fund Balance $ 433,549
58
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule
Marketplace Project 1 TIF
For the Period Ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Taxes $ 97,731 97,731 114,952 17,221 117.62% 25.95% Investment Income (Loss) 15 15 0.00% -91.67% Other Revenue 0.00% -91.67% Total Revenues 97,731 97,731 114,967 17,236 117.64% 25.97% Expenditures: Tax Increment Financing 3,949 3,949 2,878 1,071 72.88% -18.79% Debt Service Principal 93,782 93,782 93,782 0.00% -91.67% Interest and Fiscal Agent Fees 122,950 (122,950) 0.00% -91.67% Debt Issuance Costs 0.00% -91.67% Total Expenditures 97,731 97,731 125,828 (28,097) 128.75% 37.08% Other Financing Uses: Issuance of Debt 0.00% -91.67% Reoffering Premium/Original Issue Discount 0.00% -91.67% Payment to Refund Loans Escrow Agent 0.00% -91.67% Transfers Out 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Financing Uses 97,731 97,731 125,828 (28,097) 128.75% 37.08% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (10,861) (10,861) Unassigned Fund Balance at Beginning of Year 62,802 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Unassigned Ending Fund Balance, 05/31/22 51,941 Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Restricted - Trust Debt Service Total Fund Balance $ 51,941
59
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule
Marketplace Project 2 TIF
For the Period Ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Taxes $ 35,447 35,447 128,094 92,647 361.37% 269.70% Investment Income (Loss) 18 18 0.00% -91.67% Other Revenue 0.00% -91.67% Total Revenues 35,447 35,447 128,112 92,665 361.42% 269.75% Expenditures: Tax Increment Financing 35,447 35,447 2,994 32,453 8.45% -83.22% Debt Service Principal 0.00% -91.67% Interest and Fiscal Agent Fees 134,000 (134,000) 0.00% -91.67% Debt Issuance Costs 0.00% -91.67% Total Expenditures 35,447 35,447 136,994 (101,547) 386.48% 294.81% Other Financing Uses: Issuance of Debt 0.00% -91.67% Reoffering Premium/Original Issue Discount 0.00% -91.67% Payment to Refund Loans Escrow Agent 0.00% -91.67% Transfers Out 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Financing Uses 35,447 35,447 136,994 (101,547) 386.48% 294.81% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (8,882) (8,882) Unassigned Fund Balance at Beginning of Year 34,445 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Unassigned Ending Fund Balance, 05/31/22 25,563 Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Restricted - Trust Debt Service Total Fund Balance $ 25,563
60
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Taxes $ 0.00% -91.67% Investment Income (Loss) 0.00% -91.67% Other Revenue 0.00% -91.67% Total Revenues 0.00% -91.67% Expenditures: Tax Increment Financing 0.00% -91.67% Debt Service Principal 0.00% -91.67% Interest and Fiscal Agent Fees 0.00% -91.67% Debt Issuance Costs 0.00% -91.67% Total Expenditures 0.00% -91.67% Other Financing Uses: Issuance of Debt 0.00% -91.67% Reoffering Premium/Original Issue Discount 0.00% -91.67% Payment to Refund Loans Escrow Agent 0.00% -91.67% Transfers Out 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Financing Uses 0.00% -91.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ Unassigned Fund Balance at Beginning of Year Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Unassigned Ending Fund Balance, 05/31/22 Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Restricted - Trust Debt Service Total Fund Balance $
Budgetary Comparison Schedule TIF Application Fees For the Period Ended May 31, 2022 61
CITY OF INDEPENDENCE, MISSOURI
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule
TIF Supplemental Appropriation Fund For the Period Ended May 31, 2022
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 91.67% of Year Budget Revenues: Taxes $ Property tax RSO - Cargo Largo 3,455 3,455 0.00% -91.67% Drumm Farm 54,223 54,223 0.00% -91.67% Sales tax RSO - Cargo Largo 196,009 196,009 0.00% -91.67% Drumm Farm 12,691 12,691 0.00% -91.67% Investment Income (Loss) 318 318 0.00% -91.67% Other Revenue 0.00% -91.67% Total Revenues 266,696 266,696 0.00% -91.67% Expenditures: Tax Increment Financing 0.00% -91.67% Debt Service Principal 0.00% -91.67% Interest and Fiscal Agent Fees 0.00% -91.67% Debt Issuance Costs 0.00% -91.67% Total Expenditures 0.00% -91.67% Other Financing Uses: Issuance of Debt 0.00% -91.67% Reoffering Premium/Original Issue Discount 0.00% -91.67% Payment to Refund Loans Escrow Agent 0.00% -91.67% Transfers Out 0.00% -91.67% Total Other Financing Uses 0.00% -91.67% Total Expenditures and Other Financing Uses 0.00% -91.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 266,696 266,696 Unassigned Fund Balance at Beginning of Year Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Unassigned Ending Fund Balance, 05/31/22 266,696 Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Restricted - Trust Debt Service Total Fund Balance $ 266,696
62