February
Monthly Financial and Operating Report
2024
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 Marijuana Sales Tax Fund 7 Use Tax Funds Animal Shelter 8 Police 9 Property Tax Levy Funds Health Property Tax Levy 10 Parks and Recreation Property Tax Levy 11 Special Revenue Funds Tourism Fund 12 Independence Square Benefit District 13 Community Development Block Grant Fund 14 Rental Rehabilitation 15 License Surcharge 16 Grants 17 American Rescue Plan (ARP) 18 Enterprise Funds Power and Light 19 - 20 Water 21 - 22 Water Pollution Control 23 - 24 Events Center Debt Service 25 Internal Service Funds Central Garage 26 Staywell Health Care 27 Worker's Compensation 28 Risk Management 29 Finance & Support Services 30 Debt Service Fund Debt Service - Neighborhood Improvement Districts 31 Capital Improvement Funds Street Improvements Capital Project Fund 32 Revolving Public Improvements Capital Project Fund 33 Building and Other Improvements Capital Project Fund 34 Storm Drainage Capital Project Fund 35 Park Improvements Capital Project Fund 36 Independence Events Center CID 37 Crackerneck Creek TDD 38 Tax Increment Financing Summary 39 Santa Fe TIF 40 Eastland TIF 41 North Independence TIF 42 Crackerneck Creek TIF 43 Old Landfill TIF 44 Trinity TIF 45 HCA TIF 46 Cinema East TIF 47 23rd & Noland Project 1 TIF 48 23rd & Noland Project 2 TIF 49 23rd & Noland Project 3 TIF 50 23rd & Noland Project 4 TIF 51 Independence Square TIF 52 I-70 & Little Blue Parkway Project 1 TIF 53 I-70 & Little Blue Parkway Project 3 TIF 54 Marketplace Project 1 TIF 55 Marketplace Project 2 TIF 56 Hub Drive TIF 57 TIF Supplemental Appropriation Fund 58
CITY
General Fund
For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Real Estate Tax $ 6,003,000 6,003,000 6,070,722 67,722 101.13% 34.46% Sales Tax 21,565,625 21,565,625 14,110,110 (7,455,515) 65.43% -1.24% Use Tax 642,000 642,000 634,748 (7,252) 98.87% 32.20% Cigarette Tax 285,000 285,000 228,213 (56,787) 80.07% 13.40% Franchise Tax 8,333,000 8,333,000 4,726,682 (3,606,318) 56.72% -9.95% Licenses and Permits 4,452,950 4,452,950 3,123,244 (1,329,706) 70.14% 3.47% Intergovernmental 5,960,000 5,960,000 4,752,689 (1,207,311) 79.74% 13.07% Charges for Current Services 2,034,900 2,034,900 1,575,206 (459,694) 77.41% 10.74% Interfund Charges for Support Services 4,469,287 4,469,287 2,917,788 (1,551,499) 65.29% -1.38% Fines and Forfeitures 2,086,000 2,086,000 1,402,900 (683,100) 67.25% 0.58% Investment Income (Loss) 180,000 180,000 301,615 121,615 167.56% 100.89% Other Revenue 749,451 759,451 1,254,832 495,381 165.23% 98.56% Total Revenues 56,761,213 56,771,213 41,098,749 (15,672,464) 72.39% 5.72% Other Financing Sources: Payments In Lieu of Taxes 21,301,000 21,301,000 15,423,948 (5,877,052) 72.41% 5.74% Transfers In — — 22,018 22,018 0.00% -66.67% Operating Transfers In - American Rescue Plan — — — — 0.00% -66.67% Total Other Financing Sources 21,301,000 21,301,000 15,445,966 (5,855,034) 72.51% 5.84% Total Revenues and Other Financing Sources 78,062,213 78,072,213 56,544,715 (21,527,498) 72.43% 5.76% Expenditures: City Council 1,174,882 706,159 511,903 194,256 72.49% 5.82% City Clerk — 482,323 126,555 355,768 26.24% -40.43% City Manager 1,292,479 1,293,879 841,081 452,798 65.00% -1.67% Municipal Court 1,579,595 1,579,595 1,015,160 564,435 64.27% -2.40% Law 185,216 185,216 121,094 64,122 65.38% -1.29% Finance 579,527 601,127 724,593 (123,466) 120.54% 53.87% Community Development 5,980,795 5,979,395 4,111,066 1,868,329 68.75% 2.08% Police 35,397,004 35,397,004 23,153,555 12,243,449 65.41% -1.26% Fire 24,379,630 24,379,630 17,828,609 6,551,021 73.13% 6.46% Municipal Services (Public Works) 5,103,087 5,103,087 2,908,996 2,194,091 57.00% -9.67% Parks and Recreation 1,478,993 1,478,993 945,619 533,374 63.94% -2.73% Contingencies 364,005 364,005 — 364,005 0.00% -66.67% Non-Departmental 21,600 — 22,816 (22,816) 0.00% -66.67% Debt service 165,400 165,400 165,150 250 99.85% 33.18% Total Expenditures 77,702,213 77,715,813 52,476,197 25,239,616 67.52% 0.85% Other Financing Uses: Transfers Out 360,000 360,000 25,540 334,460 7.09% -59.58% Total Expenditures and Other Financing Uses 78,062,213 78,075,813 52,501,737 25,574,076 67.24% 0.57% Excess of Revenue and Other Financing Sources Over (Under) Expenditures and Other Financing Uses, Budget Basis $ — (3,600) 4,042,978 4,046,578 Unassigned Fund Balance at Beginning of Year 10,185,653 Cancellation of prior year encumbrances 88,596 Change in other fund balance components during the year (69,048) Year-end investment market value adjustment — Ending Unassigned Fund Balance, 02/29/24 14,248,179 Restricted 253,914 Committed 91,514 Assigned 1,502,445 Total Fund Balance $ 16,096,052
OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
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CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
Street Improvements Sales Tax Fund
For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Sales Taxes $ 10,534,000 10,534,000 6,582,917 (3,951,083) 62.49% -4.18% Use Tax 321,000 321,000 317,374 (3,626) 98.87% 32.20% Charges for Services — — — — 0.00% -66.67% Intergovernmental Revenue — — 449,917 449,917 0.00% -66.67% Investment Income (Loss) 125,000 125,000 535,045 410,045 428.04% 361.37% Other Revenue — — 1,000,000 1,000,000 0.00% -66.67% Total Revenues 10,980,000 10,980,000 8,885,253 (2,094,747) 80.92% 14.25% Other Financing Sources: Transfers in — — — — 0.00% -66.67% Total other financing sources — — — — 0.00% -66.67% Total revenues and other financing sources 10,980,000 10,980,000 8,885,253 (2,094,747) 80.92% 14.25% Expenditures: General Government — — — — 0.00% -66.67% Street Maintenance 1,382,173 1,382,173 879,494 502,679 63.63% -3.04% Capital Outlay 21,798,746 25,143,212 4,344,763 20,798,449 17.28% -49.39% Debt Service 1,747,446 1,747,446 201,223 1,546,223 11.52% -55.15% Total Expenditures 24,928,365 28,272,831 5,425,480 22,847,351 19.19% -47.48% Other Financing Uses: Transfers Out — 260,000 — 260,000 0.00% -66.67% Total Other Financing Uses — 260,000 — 260,000 0.00% -66.67% Total Expenditures and Other Financing Uses 24,928,365 28,532,831 5,425,480 23,107,351 19.01% -47.66% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (13,948,365) (17,552,831) 3,459,773 21,012,604 Unassigned Fund Balance at Beginning of Year 3,396,368 Cancellation of Prior Year Encumbrances 34,954 Change in Other Fund Balance Components During the Year 10,960,460 Year-end investment market value adjustment — Ending Unassigned Fund Balance, 02/29/24 17,851,555 Fund Balance Components: Restricted - Current Year Encumbrances 996,898 Restricted - Prior Year Encumbrances 2,022,818 Restricted - Developer Contribution 450,000 Restricted - Debt Reserve Project Accounts - Capital Projects 512,711 Total Fund Balance $ 21,833,982
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CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
Park Improvements Sales Tax Fund
For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Sales Taxes $ 5,268,000 5,268,000 3,291,459 (1,976,541) 62.48% -4.19% Use Tax 169,000 169,000 158,687 (10,313) 93.90% 27.23% Charges for services 578,500 578,500 362,171 (216,329) 62.61% -4.06% Intergovernmental 33,000 33,000 39,058 6,058 118.36% 51.69% Investment Income (Loss) 19,180 19,180 73,182 54,002 381.55% 314.88% Other Revenue 27,400 27,400 38,981 11,581 142.27% 75.60% Total Revenues 6,095,080 6,095,080 3,963,538 (2,131,542) 65.03% -1.64% Other Financing Sources: Transfers In — — 228,514 228,514 0.00% -66.67% Transfers In - American Rescue Plan — — — — 0.00% -66.67% Proceeds from Bond Issuance/Capital Lease — — — — 0.00% -66.67% Total Other Financing Sources — — 228,514 228,514 0.00% -66.67% Total Revenues and Other Financing Sources 6,095,080 6,095,080 4,192,052 (1,903,028) 68.78% 2.11% Expenditures: Culture and Recreation 6,940,818 6,953,318 4,277,116 2,676,202 61.51% -5.16% Capital Outlay 200,000 200,000 — 200,000 0.00% -66.67% Debt Service — — — — 0.00% -66.67% Total Expenditures 7,140,818 7,153,318 4,277,116 2,876,202 59.79% -6.88% Other Financing Uses: Transfers Out — — — — 0.00% -66.67% Total Other Financing Uses — — — — 0.00% -66.67% Total Expenditures and Other Financing Uses 7,140,818 7,153,318 4,277,116 2,876,202 59.79% -6.88% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (1,045,738) (1,058,238) (85,064) 973,174 Unassigned Fund Balance at Beginning of Year 3,715,082 Cancellation of Prior Year Encumbrances 10,326 Change in Other Fund Balance Components During the Year — Year-end investment market value adjustment — Ending Unassigned Fund Balance, 02/29/24 3,640,344 Other Fund Balance Components: Restricted - Current Year Encumbrances 637,184 Restricted - Prior Year Encumbrances 1,864 Total Fund Balance $ 4,279,392
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CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
Storm Water Sales Tax Fund
For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Sales Taxes $ 5,268,000 5,268,000 3,291,459 (1,976,541) 62.48% -4.19% Use Tax 169,000 169,000 158,687 (10,313) 93.90% 27.23% Charges for Services — — — — 0.00% -66.67% Intergovernmental — — — — 0.00% -66.67% Investment Income (loss) 164,000 164,000 293,985 129,985 179.26% 112.59% Other Revenue 7,900 7,900 8,019 119 101.51% 34.84% Total revenues 5,608,900 5,608,900 3,752,150 (1,856,750) 66.90% 0.23% Expenditures: Storm water Administration 231,484 231,484 154,075 77,409 66.56% -0.11% Maintenance 2,829,466 2,829,466 1,562,399 1,267,067 55.22% -11.45% Permit completion 318,000 318,000 316,400 1,600 99.50% 32.83% Capital outlay 3,470,000 6,558,952 2,977,947 3,581,005 45.40% -21.27% — Total Expenditures 6,848,950 9,937,902 5,010,821 4,927,081 50.42% -16.25% Other financing uses: Transfers out — 260,000 18,492 241,508 7.11% -59.56% Total other financing uses — 260,000 18,492 241,508 7.11% -59.56% Total Ependitures and Other Financing Uses 6,848,950 10,197,902 5,029,313 5,168,589 49.32% -17.35% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (1,240,050) (4,589,002) (1,277,163) 3,311,839 Unassigned Fund Balance at Beginning of Year 10,968,275 Cancellation of Prior Year Encumbrances 16,903 Change in Other Fund Balance Components During the Year — Year-end investment market value adjustment — Ending Unassigned Fund Balance, 02/29/24 9,708,015 Other Fund Balance Components: Restricted - Current Year Encumbrances 2,652,514 Restricted - Prior Year Encumbrances 283,835 Restricted - Regional Detention Construction 122,125 Restricted - Regional Detention Maintenance 38,038 Restricted - Emergency Response Relief 500,000 Total Fund Balance $ 13,304,527
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CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
Police Public Safety Sales Tax Fund
For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Sales Taxes $ 2,831,000 2,831,000 1,891,376 (939,624) 66.81% 0.14% Use Tax 85,000 85,000 79,344 (5,656) 93.35% 26.68% Investment Income (Loss) 35,000 35,000 77,956 42,956 222.73% 156.06% Other Revenue 7,600 7,600 111,296 103,696 1464.42% 1397.75% Total Revenues 2,958,600 2,958,600 2,159,972 (798,628) 73.01% 6.34% Expenditures: Public Safety Communications 679,700 679,700 406,077 273,623 59.74% -6.93% Facilities 116,700 119,320 93,380 25,940 78.26% 11.59% Equipment 2,595,800 2,593,180 2,427,695 165,485 93.62% 26.95% Capital Outlay 1,400,000 1,400,000 1,317,500 82,500 94.11% 27.44% Debt Service 25,422 25,422 17,640 7,782 69.39% 2.72% Total Expenditures 4,817,622 4,817,622 4,262,292 555,330 88.47% 21.80% Other Financing Uses: Transfers Out/Capital Outlay — — — — 0.00% -66.67% Total Other Financing Uses — — — — 0.00% -66.67% Total Expenditures and Other Financing Uses 4,817,622 4,817,622 4,262,292 555,330 88.47% 21.80% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (1,859,022) (1,859,022) (2,102,320) (243,298) Unassigned Fund Balance at Beginning of Year 3,125,485 Cancellation of Prior Year Encumbrances 25,209 Change in Other Fund Balance Components During the Year — Year-end investment market value adjustment — Ending Unassigned Fund Balance, 02/29/24 1,048,374 Other Fund Balance Components: Restricted - Current Year Encumbrances 2,780,573 Restricted - Prior Year Encumbrances 29,907 Total Fund Balance $ 3,858,854
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CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
Fire Protection Sales Tax Fund
For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Sales Taxes $ 11,395,000 11,395,000 7,291,530 (4,103,470) 63.99% -2.68% Use Tax 321,000 321,000 317,374 (3,626) 98.87% 32.20% Investment Income (Loss) 47,000 47,000 248,776 201,776 529.31% 462.64% Other Revenue 6,000 6,000 64,421 58,421 1073.68% 1007.01% Total Revenues 11,769,000 11,769,000 7,922,101 (3,846,899) 67.31% 0.64% Expenditures: Public Safety 8,391,735 8,247,387 3,413,261 4,834,126 41.39% -25.28% Capital outlay 1,800,000 2,087,401 1,687,401 400,000 80.84% 14.17% Debt Service 73,236 217,584 217,584 — 100.00% 33.33% Total Expenditures 10,264,971 10,552,372 5,318,246 5,234,126 50.40% -16.27% Other Financing Uses: Transfers Out/Capital Outlay — — — — 0.00% -66.67% Total Other Financing Uses — — — — 0.00% -66.67% Total Expenditures and Other Financing Uses 10,264,971 10,552,372 5,318,246 5,234,126 50.40% -16.27% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 1,504,029 1,216,628 2,603,855 1,387,227 Unassigned Fund Balance at Beginning of Year 8,787,693 Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Year-end investment market value adjustment — Ending Unassigned Fund Balance, 02/29/24 11,391,548 Other Fund Balance Components: Restricted - Current Year Encumbrances 1,031,613 Restricted - Prior Year Encumbrances 987,278 Total Fund Balance $ 13,410,439
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CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
Marijuana Sales Tax Fund
For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Sales Taxes $ 150,000 150,000 324,122 174,122 216.08% 149.41% Use Tax — — — — 0.00% -66.67% Investment Income (Loss) — — 727 727 0.00% -66.67% Other Revenue — — — — 0.00% -66.67% Total Revenues 150,000 150,000 324,849 174,849 216.57% 149.90% Expenditures: Public Safety 15,000 15,000 7,886 7,114 52.57% -14.10% Community Development — — 382,281 (382,281) 0.00% -66.67% Capital outlay — — — — 0.00% -66.67% Debt Service — — — — 0.00% -66.67% Total Expenditures 15,000 15,000 390,167 (375,167) 2601.11% 2534.44% Other Financing Uses: Transfers Out/Capital Outlay — — — — 0.00% -66.67% Total Other Financing Uses — — — — 0.00% -66.67% Total Expenditures and Other Financing Uses 15,000 15,000 390,167 (375,167) 2601.11% 2534.44% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 135,000 135,000 (65,318) (200,318) Unassigned Fund Balance at Beginning of Year — Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Year-end investment market value adjustment — Ending Unassigned Fund Balance, 02/29/24 (65,318) Other Fund Balance Components: Restricted - Current Year Encumbrances 311,163 Restricted - Prior Year Encumbrances — Total Fund Balance $ 245,845
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CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
Animal Shelter Use Tax
For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Use Tax $ 855,000 855,000 855,000 — 100.00% 33.33% Intergovernmental Revenue — — — — 0.00% -66.67% Investment Income (Loss) 6,000 6,000 21,791 15,791 363.18% 296.51% Other Revenue — — — — 0.00% -66.67% Total Revenues 861,000 861,000 876,791 15,791 101.83% 35.16% Other Financing sources: Transfers in 25,000 25,000 — (25,000) 0.00% -66.67% Total other financing sources 25,000 25,000 — (25,000) 0.00% 0.00% Total revenues and other financing sources 886,000 886,000 876,791 (9,209) 98.96% 32.29% Expenditures: General Government — — — — 0.00% -66.67% Animal Services 886,000 886,000 400,430 485,570 45.20% -21.47% Capital Outlay — — — — 0.00% -66.67% Debt Service — — — — 0.00% -66.67% Total Expenditures 886,000 886,000 400,430 485,570 45.20% -21.47% Other Financing Uses: Transfers In — — — — 0.00% -66.67% Transfers Out — — — — 0.00% -66.67% Total Other Financing Uses — — — — 0.00% -66.67% Total Expenditures and Other Financing Uses 886,000 886,000 400,430 485,570 45.20% -21.47% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ — — 476,361 476,361 Unassigned Fund Balance at Beginning of Year 322,768 Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Year-end investment market value adjustment — Ending Unassigned Fund Balance, 02/29/24 799,129 Fund Balance Components: Restricted - Current Year Encumbrances — Restricted - Prior Year Encumbrances — Total Fund Balance $ 799,129
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CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
Police Use Tax
For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Use Tax $ 4,483,000 4,483,000 4,483,000 — 100.00% 33.33% Investment Income (Loss) 59,000 59,000 150,787 91,787 255.57% 188.90% Other Revenue — — — — 0.00% -66.67% Total Revenues 4,542,000 4,542,000 4,633,787 91,787 102.02% 35.35% Expenditures: Public Safety 4,231,251 4,730,815 3,416,250 1,314,565 72.21% 5.54% Debt Service — — — — 0.00% -66.67% Total Expenditures 4,231,251 4,730,815 3,416,250 1,314,565 72.21% 5.54% Other Financing Uses: Transfers Out/Capital Outlay — — — — 0.00% -66.67% — Total Other Financing Uses — — — — 0.00% -66.67% Total Expenditures and Other Financing Uses 4,231,251 4,730,815 3,416,250 1,314,565 72.21% 5.54% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 310,749 (188,815) 1,217,537 1,406,352 Unassigned Fund Balance at Beginning of Year 4,952,541 Cancellation of Prior Year Encumbrances 7,275 Change in Other Fund Balance Components During the Year — Year-end investment market value adjustment — Ending Unassigned Fund Balance, 02/29/24 6,177,353 Other Fund Balance Components: Restricted - Current Year Encumbrances 951,149 Restricted - Prior Year Encumbrances 13,821 Total Fund Balance $ 7,142,323
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Budgetary Comparison Schedule
Health Property Tax Levy
For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Taxes $ 870,620 870,620 914,229 43,609 105.01% 38.34% Charges for Services 170,000 170,000 193,486 23,486 113.82% 47.15% Licenses & Permits 412,400 412,400 331,834 (80,566) 80.46% 13.79% Investment Income (Loss) 11,500 11,500 11,934 434 103.77% 37.10% Other Revenue 14,000 14,000 56,728 42,728 405.20% 338.53% Total Revenues 1,478,520 1,478,520 1,508,211 29,691 102.01% 35.34% Other Financing Sources: Transfers In 325,000 325,000 — (325,000) 0.00% -66.67% Transfers In - American Rescue Plan — — — — 0.00% -66.67% Total Other Financing Uses 325,000 325,000 — (325,000) 0.00% -66.67% Total Revenues and Other Sources 1,803,520 1,803,520 1,508,211 (295,309) 83.63% 16.96% Expenditures: Animal Services 997,848 997,848 847,294 150,554 84.91% 18.24% Health Services 805,672 805,672 515,972 289,700 64.04% -2.63% Total Expenditures 1,803,520 1,803,520 1,363,266 440,254 75.59% 8.92% Other Financing Uses: Transfers Out — — — — 0.00% -66.67% Total Other Financing Uses — — — — 0.00% -66.67% Total Expenditures and Other Uses 1,803,520 1,803,520 1,363,266 440,254 75.59% 8.92% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ — — 144,945 144,945 Unassigned Fund Balance at Beginning of Year 348,758 Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Year-end investment market value adjustment — Ending Unassigned Fund Balance, 02/29/24 493,703 Other Fund Balance Components: Restricted - Current Year Encumbrances 85,954 Restricted - Prior Year Encumbrances 2,148 Total Fund Balance $ 581,805 CITY OF INDEPENDENCE, MISSOURI 10
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
Parks and Recreation Property Tax Levy
For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Taxes $ 1,838,155 1,838,155 1,942,736 104,581 105.69% 39.02% Intergovernmental — — — — 0.00% -66.67% Charges for Services 88,500 88,500 49,183 (39,317) 55.57% -11.10% Investment Income (Loss) 16,485 16,485 21,054 4,569 127.72% 61.05% Other Revenue — — 38 38 0.00% -66.67% Total Revenues 1,943,140 1,943,140 2,013,011 69,871 103.60% 36.93% Expenditures: Parks and Recreation 1,583,850 1,586,850 1,114,451 472,399 70.23% 3.56% Total Expenditures 1,583,850 1,586,850 1,114,451 472,399 70.23% 3.56% Other Financing Uses – Transfers Out — — — — 0.00% -66.67% Total Other Financing Uses — — — — 0.00% -66.67% Total Expenditures and Other Uses 1,583,850 1,586,850 1,114,451 472,399 70.23% 3.56% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 359,290 356,290 898,560 542,270 Unassigned Fund Balance at Beginning of Year 23,687 Cancellation of Prior Year Encumbrances 30 Change in Other Fund Balance Components During the Year — Year-end investment market value adjustment — Ending Unassigned Fund Balance, 02/29/24 922,277 Other Fund Balance Components: Restricted - Current Year Encumbrances 111,453 Restricted - Prior Year Encumbrances 1,322 Total Fund Balance $ 1,035,052 11
CITY OF
Budgetary Comparison Schedule
Tourism Fund For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Transient Guest Taxes $ 2,300,000 2,300,000 1,560,786 (739,214) 67.86% 1.19% Charges for Services — — 4,621 4,621 0.00% -66.67% Investment Income (Loss) 25,050 25,050 57,055 32,005 227.76% 161.09% Other Revenue 3,000 3,000 2,951 (49) 98.37% 31.70% Total Revenues 2,328,050 2,328,050 1,625,413 (702,637) 69.82% 3.15% Other Financing Sources: Transfers In - American Resuce Plan — — — — 0.00% -66.67% Total Other Financing Uses — — — — 0.00% -66.67% Total Revenues and Other Sources 2,328,050 2,328,050 1,625,413 (702,637) 69.82% 3.15% Expenditures: Tourism 2,743,264 3,580,015 1,977,614 1,602,401 55.24% -11.43% Total Expenditures 2,743,264 3,580,015 1,977,614 1,602,401 55.24% -11.43% Other Financing Uses – Transfers Out — — 196,430 (196,430) 0.00% -66.67% Total Other Financing Uses — — 196,430 (196,430) 0.00% -66.67% Total Expenditures and Other Uses 2,743,264 3,580,015 2,174,044 1,405,971 60.73% -5.94% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (415,214) (1,251,965) (548,631) 703,334 Unassigned Fund Balance at Beginning of Year 1,938,742 Cancellation of Prior Year Encumbrances 5,220 Change in Other Fund Balance Components During the Year — Year-end investment market value adjustment — Ending Unassigned Fund Balance, 02/29/24 1,395,331 Other Fund Balance Components: Restricted - Current Year Encumbrances 506,320 Restricted - Prior Year Encumbrances 7,267 Restricted - Operating Reserve 376,368 Total Fund Balance $ 2,285,286
INDEPENDENCE, MISSOURI 12
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
Independence Square Benefit District
For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Taxes $ — — 27,435 27,435 0.00% -66.67% Investment Income (Loss) — — 2,163 2,163 0.00% -66.67% Other Revenue — — — — 0.00% -66.67% Total Revenues — — 29,598 29,598 0.00% -66.67% Expenditures: General government — — 441 (441) 0.00% -66.67% Total Expenditures — — 441 (441) 0.00% -66.67% Other Financing Uses – Transfers Out — — — — 0.00% -66.67% Total Other Financing Uses — — — — 0.00% -66.67% Total Expenditures and Other Uses — — 441 (441) 0.00% -66.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ — — 29,157 29,157 Unassigned Fund Balance at Beginning of Year 8,737 Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Year-end investment market value adjustment — Ending Unassigned Fund Balance, 02/29/24 37,894 Other Fund Balance Components: Restricted - Current Year Encumbrances — Restricted - Prior Year Encumbrances — Total Fund Balance $ 37,894 13
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
Community Development Block Grant Fund
For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Federal Grant - CDBG $ 851,251 851,251 467,191 (384,060) 54.88% -11.79% Other Revenue — — 712 712 — -66.67% Total Revenues 851,251 851,251 467,903 (383,348) 54.97% -11.70% Expenditures: CDBG Administration 169,702 169,702 102,070 67,632 60.15% -6.52% CDBG Expenditures 681,001 681,001 458,966 222,035 67.40% 0.73% Total Expenditures 850,703 850,703 561,036 289,667 65.95% -0.72% Other Financing Uses: Transfers Out — — — — 0.00% -66.67% Total Other Financing Uses — — — — 0.00% -66.67% Total Expenditures and Other Uses 850,703 850,703 561,036 289,667 65.95% -0.72% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 548 548 (93,133) (93,681) Unassigned Fund Balance at Beginning of Year (9,437) Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Ending Unassigned Fund Balance, 02/29/24 (102,570) Other Fund Balance Components: Restricted - Current Year Encumbrances 101,032 Restricted - Prior Year Encumbrances 175 Total Fund Balance $ (1,363)
14
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
Rental Rehabilitation
For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: HOME Program Grant $ 570,305 570,305 145,627 (424,678) 25.53% -41.14% Other Revenue — — (7) (7) 0.00% -66.67% Total Revenues 570,305 570,305 145,620 (424,685) 25.53% -41.14% Expenditures: HOME Administration 59,987 59,987 30,219 29,768 50.38% -16.29% Multi Family Housing 375,107 375,107 — 375,107 0.00% -66.67% Community Housing Development 107,172 107,172 — 107,172 0.00% -66.67% Total Expenditures 542,266 542,266 30,219 512,047 5.57% -61.10% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 28,039 28,039 115,401 87,362 Unassigned Fund Balance at Beginning of Year (200,586) Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Ending Unassigned Fund Balance, 02/29/24 (85,185) Other Fund Balance Components: Restricted - Current Year Encumbrances — Restricted - Prior Year Encumbrances 84,231 Total Fund Balance $ (954)
15
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
License Surcharge
For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Licenses and Permits $ — — 100 100 0.00% -66.67% Investment Income (Loss) 21,000 21,000 30,343 9,343 144.49% 77.82% Other Revenue — — — — 0.00% -66.67% Total Revenues 21,000 21,000 30,443 9,443 144.97% 78.30% Expenditures: General Government — — 271 (271) 0.00% -66.67% Total expenditures — — 271 (271) 0.00% -66.67% Other Financing Uses: Transfers Out/Capital Outlay — — 36,552 (36,552) 0.00% -66.67% Total Other Financing Uses — — 36,552 (36,552) 0.00% -66.67% Total Expenditures and Other Financing Uses — — 36,823 (36,823) 0.00% -66.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 21,000 21,000 (6,380) (27,380) Unassigned Fund Balance at Beginning of Year 1,287,491 Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Year-end investment market value adjustment — Ending Unassigned Fund Balance, 02/29/24 1,281,111 Other Fund Balance Components: Restricted - Current Year Encumbrances — Restricted - Prior Year Encumbrances — Total Fund Balance $ 1,281,111
16
For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Intergovernmental $ 4,479,344 6,680,411 2,038,898 (4,641,513) 30.52% -36.15% Charges for Services 109,023 109,023 120,254 11,231 110.30% 43.63% Other Revenue 140,620 335,675 5,172 (330,503) 1.54% -65.13% Total Revenues 4,728,987 7,125,109 2,164,324 (4,960,785) 30.38% -36.29% Other financing sources: Transfers In — — — — 0.00% -66.67% Total other financing sources — — — — 0.00% -66.67% Total revenues and other financing sources 4,728,987 7,125,109 2,164,324 (4,960,785) 30.38% -36.29% Expenditures: Public Safety 778,911 2,900,222 1,440,918 1,459,304 49.68% -16.99% General Government 100,880 137,424 75,026 62,398 54.59% -12.08% Culture and Recreation 82,434 39,238 21,803 17,435 55.57% -11.10% Community Development 1,510,774 962,869 906,083 56,786 94.10% 27.43% Animal Services 16,269 24,654 5,097 19,557 20.67% -46.00% Health Services 1,473,853 2,999,673 616,119 2,383,554 20.54% -46.13% Total Expenditures 3,963,121 7,064,080 3,065,046 3,999,034 43.39% -23.28% Other Financing Uses: Transfers Out/Capital Outlay — — — — 0.00% -66.67% Total Other Financing Uses — — — — 0.00% -66.67% Total Expenditures and Other Financing Uses 3,963,121 7,064,080 3,065,046 3,999,034 43.39% -23.28% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 765,866 61,029 (900,722) (961,751) Unassigned Fund Balance at Beginning of Year (131,639) Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Ending Unassigned Fund Balance, 02/29/24 (1,032,361) Other Fund Balance Components: Restricted - Current Year Encumbrances 558,484 Restricted - Prior Year Encumbrances 94,966 Total Fund Balance $ (378,911)
Comparison
CITY OF INDEPENDENCE, MISSOURI Budgetary
Schedule Grants
17
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
American Rescue Plan (ARP)
For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Intergovernmental $ 9,557,038 9,557,038 524,737 (9,032,301) 5.49% -61.18% Charges for Services — — — — 0.00% -66.67% Other Revenue — — — — 0.00% -66.67% Total Revenues 9,557,038 9,557,038 524,737 (9,032,301) 5.49% -61.18% Other financing sources: Transfers in — — — — 0.00% -66.67% Total other financing sources — — — — 0.00% -66.67% Total revenues and other financing sources 9,557,038 9,557,038 524,737 (9,032,301) 5.49% -61.18% Expenditures: Personnel Services — — 60,702 (60,702) 0.00% -66.67% Other Services 1,112,038 1,112,038 363,975 748,063 32.73% -33.94% Supplies — — (19,479) 19,479 0.00% -66.67% Capital Outlay 4,135,000 4,135,000 1,011 4,133,989 0.02% -66.65% Total Expenditures 5,247,038 5,247,038 406,209 4,840,829 7.74% -58.93% Other Financing Uses: Transfers Out - American Rescue Plan 4,200,000 4,200,000 — 4,200,000 0.00% -66.67% — Total Other Financing Uses 4,200,000 4,200,000 — 4,200,000 0.00% -66.67% Total Expenditures and Other Financing Uses 9,447,038 9,447,038 406,209 9,040,829 4.30% -62.37% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 110,000 110,000 118,528 8,528 Unassigned Fund Balance at Beginning of Year (421,022) Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Ending Unassigned Fund Balance, 02/29/24 (302,494) Other Fund Balance Components: Restricted - Current Year Encumbrances 184,154 Restricted - Prior Year Encumbrances 118,340 Total Fund Balance $ —
18
Actual Variance Percent Percent Budgeted Amounts Amounts with Amended Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Operating Revenues: Charges for Services $ 137,475,870 137,475,870 105,517,830 (31,958,040) 76.75% 10.08% Penalties 1,000,000 1,000,000 999,340 (660) 99.93% 33.26% Connection Charges 33,000 33,000 4,813 (28,187) 14.58% -52.09% Miscellaneous — — 37,135 37,135 0.00% -66.67% Temporary Service 1,000 1,000 450 (550) 45.00% -21.67% Rental Income 294,500 294,500 264,801 (29,699) 89.92% 23.25% Transmission Wheeling 7,000,000 7,000,000 4,313,770 (2,686,230) 61.63% -5.04% Total Operating Revenues 145,804,370 145,804,370 111,138,139 (34,666,231) 76.22% 9.55% Operating Expenses: Personnel Services 30,327,879 30,327,879 18,474,433 11,853,446 60.92% -5.75% Retiree Benefits 1,460,000 1,460,000 971,325 488,675 66.53% -0.14% Other Services 28,080,687 28,549,687 21,070,861 7,478,826 73.80% 7.13% Supplies 62,389,475 62,442,275 42,978,161 19,464,114 68.83% 2.16% Capital Projects 14,747,000 23,120,096 2,323,623 20,796,473 10.05% -56.62% Capital Operating 1,356,440 1,577,637 342,716 1,234,921 21.72% -44.95% Debt Service 8,638,100 8,638,100 3,413,337 5,224,763 39.51% -27.16% Other Expenses 100,000 100,000 — 100,000 0.00% -66.67% Total Operating Expenses 147,099,581 156,215,674 89,574,456 66,641,218 57.34% -9.33% Nonoperating Revenues (Expenses): Investment Income 118,000 118,000 1,712,987 1,594,987 1451.68% 1385.01% Interfund Charges for Support Services 2,075,300 2,075,300 1,416,515 (658,785) 68.26% 1.59% Miscellaneous Revenue (Expense) 15,700 15,700 485,137 469,437 3090.04% 3023.37% Total Nonoperating Revenue (Expenses) 2,209,000 2,209,000 3,614,639 1,405,639 163.63% 96.96% 913,789 (8,202,304) 25,178,322 33,380,626 -306.97% -373.64% Capital Contributions — — — — 0.00% -66.67% Transfers Out – Utility Payments In Lieu of Taxes (14,601,000) (14,601,000) (10,755,221) (3,845,779) 73.66% 6.99% Transfers In — — — — 0.00% -66.67% Transfers Out — — — — 0.00% -66.67% Total Transfers (14,601,000) (14,601,000) (10,755,221) (3,845,779) 73.66% 6.99% Excess of Revenue and Other Financing Sources Over (Under) Expenditures and Other Financing Uses, Budget Basis $ (13,687,211) (22,803,304) 14,423,101 37,226,405 Beginning Available Resources 51,797,305 Prior Period Adjustment — Year-End Investment Market Value Adjustment — Ending Available Resources 66,220,406 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 $ 13,720,406 Income (Loss) Before Transfers CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Power and Light For the period ended February 29, 2024 19
PROJECT PROJECT TITLE ORIGINAL BUDGET NET BUDGET AMENDMENTS REVISED BUDGET ENCUMBRANCES ACTUALS AVAILABLE BUDGET 200815 T&D Sys IMPROVEMENTS $ 550,000.00 751,671.50 1,301,671.50 306,375.14 666,862.53 328,433.83 200828 FIBER OPTIC PROGRAM 200,000.00 70,789.23 270,789.23 94,288.97 142,762.33 33,737.93 201106 69 KV SUBSTATION FACILITIES - 236,068.65 236,068.65 50,199.65 109,382.68 76,486.32 201405 SUBSTATION SECURITY PROJECT - 196,405.74 196,405.74 30,088.40 43,660.52 122,656.82 201510 Sys OpS / DISPATCH - 43,034.77 43,034.77 33,430.50 - 9,604.27 201603 69 KV Trans LINE REBUIL - 771,535.88 771,535.88 64,309.79 20,381.70 686,844.39 201604 Sys OpS / UPS UPGRAD - 51,175.00 51,175.00 17,935.00 33,240.00201605 Sys OpS WORK AREA 700,000.00 619,842.18 1,319,842.18 - - 1,319,842.18 201702 Prod FACILITIES IMPROVE - 172,116.00 172,116.00 - - 172,116.00 201703 BV GROUND WATER - 289,356.17 289,356.17 85,096.00 42,475.15 161,785.02 201706 SUBSTATION K SWITCHGEAR & - 146,637.27 146,637.27 146,316.11 - 321.16 201710 Mo CITY DIVESTITURE - 350,294.83 350,294.83 287,241.32 63,053.01 0.50 201804 SUBSTATION E SWITCHGEAR REPLACEMENT - 2,281,361.33 2,281,361.33 137,345.56 180,018.90 1,963,996.87 202101 Substation Fiber Optic Network 217,000.00 832,919.23 1,049,919.23 17,925.00 53,321.00 978,673.23 202102 Traffic Controller Upgrades - 56,342.00 56,342.00 - 19,686.00 36,656.00 202103 Traffic Camera System Upgrades - 51,837.00 51,837.00 - - 51,837.00 202107 Motorola APX Radio Purchase Phase 2 - 67,716.89 67,716.89 - - 67,716.89 202108 Operations APC UPS Battery Replace 75,000.00 99,700.00 174,700.00 - - 174,700.00 202109 Substation Modeling 150,000.00 - 150,000.00 - - 150,000.00 202110 20MVAR Capacitor Bank Sub A - 190,689.11 190,689.11 - 13,233.83 177,455.28 202111 Transmission Pole Replacement Prog - 529,680.46 529,680.46 3,625.83 35,674.10 490,380.53 202201 Substation A Transformer T-9 Mtce - 180,000.00 180,000.00 70,425.00 - 109,575.00 202202 Substation N Transformer T-1 Maint 180,000.00 - 180,000.00 - - 180,000.00 202205 Desert Storm Switchgear Cabinets 250,000.00 500,000.00 750,000.00 296,099.58 249,977.25 203,923.17 202206 T & D Road Improvement Projects - 1,205,645.70 1,205,645.70 913,291.78 204,265.26 88,088.66 202208 Traffic Signal Detection Systems 60,000.00 21,635.00 81,635.00 4,971.25 - 76,663.75 202210 IPL Service Center PBX Upgrade to I 15,000.00 85,000.00 100,000.00 - - 100,000.00 202211 H-5 Hot Gas Path Inspection - 239,397.25 239,397.25 - - 239,397.25 202304 Controls Software Upgrade - 364,491.80 364,491.80 79,139.40 271,516.40 13,836.00 202305 PLSC Operations Area HVAC Upgrade - 100,000.00 100,000.00 - - 100,000.00 202306 Substation A Blockhouse Roof Repl - 25,022.00 25,022.00 - - 25,022.00 202308 Substn & Trans Upgrade &Replacement - 389,841.71 389,841.71 - 1,441.58 388,400.13 202314 Construction of New Substation S 6,000,000.00 - 6,000,000.00 - - 6,000,000.00 202315 Construct New Trans System Sub S 1,350,000.00 - 1,350,000.00 - - 1,350,000.00 202316 Construct 6 New Dist Feeders Sub S 650,000.00 357,460.73 1,007,460.73 33,209.27 34,065.46 940,186.00 202317 H5 Combustion Turbine Repair - 714,175.19 714,175.19 22,862.02 330,876.40 360,436.77 202401 Purchase Evergy 69kV Line 1,200,000.00 - 1,200,000.00 - - 1,200,000.00 202403 Sub M Breaker Replacement 150,000.00 - 150,000.00 - - 150,000.00 202405 Emergency Replacement Trans Poles 250,000.00 - 250,000.00 7,251.66 - 242,748.34 202406 Service Center Upgrades 500,000.00 - 500,000.00 - - 500,000.00 202407 Emergent Maintenance Production 400,000.00 - 400,000.00 - - 400,000.00 202408 Substation & Trans Upgrade &Replace 400,000.00 - 400,000.00 - - 400,000.00 202409 T & D Road Improvement Projects 500,000.00 - 500,000.00 - - 500,000.00 202410 T & D System Improvements 500,000.00 - 500,000.00 - - 500,000.00 202411 SCADA/EMS Software/Hardware Upgrade 450,000.00 - 450,000.00 187,440.00 147,349.60 115,210.40 $ 14,747,000.00 11,991,842.62 26,738,842.62 2,888,867.23 2,663,243.70 21,186,731.69 Current Year Prior Year Budget Budget (Enc Roll) Total Budget 23,120,096.31 $ 3,618,746.31 26,738,842.62 Less Expenditures 839,556.46 1,823,687.24 2,663,243.70 Less Encumbrances 1,484,066.30 1,404,800.93 2,888,867.23 Total Available 20,796,473.55 $ 390,258.14 21,186,731.69 Power and Light - Open Capital Projects As of February 29, 2024 20
Actual Variance Percent Percent Budgeted Amounts Amounts with Amended Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Operating Revenues: Charges for Services $ 32,610,000 32,610,000 22,723,287 (9,886,713) 69.68% 3.01% Penalties 200,000 200,000 149,044 (50,956) 74.52% 7.85% Connection/Disconnection Charges 17,000 17,000 16,577 (423) 97.51% 30.84% Miscellaneous 15,000 15,000 3,720 (11,280) 24.80% -41.87% Returned Check Charges 26,000 26,000 20,670 (5,330) 79.50% 12.83% Rental Income 85,000 85,000 83,454 (1,546) 98.18% 31.51% Meter Repairs — — — — 0.00% -66.67% Merchandising Jobbing — — 3,130 3,130 0.00% -66.67% Total Operating Revenues 32,953,000 32,953,000 22,999,882 (9,953,118) 69.80% 3.13% Operating expenses: Personnel Services 10,123,922 10,026,347 5,571,169 4,455,178 55.57% -11.10% Retiree Benefits 364,000 364,000 219,974 144,026 60.43% -6.24% Other Services 14,168,493 13,985,493 7,491,935 6,493,558 53.57% -13.10% Supplies 3,626,950 4,133,950 3,656,596 477,354 88.45% 21.78% Capital Projects 8,050,000 20,781,289 1,201,316 19,579,973 5.78% -60.89% Capital Operating 1,037,800 713,800 475,479 238,321 66.61% -0.06% Debt Service 2,540,938 2,540,938 2,315,292 225,646 91.12% 24.45% Other Expenses 50,000 50,000 — 50,000 0.00% -66.67% Total Operating Expenses 39,962,103 52,595,817 20,931,761 31,664,056 39.80% -26.87% Nonoperating Revenues (Expenses): Investment Income 657,138 657,138 1,342,101 684,963 204.23% 137.56% Interfund Charges for Support Services 3,360,000 3,360,000 2,243,181 (1,116,819) 66.76% 0.09% Miscellaneous Revenue (Expense) 16,700 16,700 39,420 22,720 236.05% 169.38% Total Nonoperating Revenue (Expenses) 4,033,838 4,033,838 3,624,702 (409,136) 89.86% 23.19% (2,975,265) (15,608,979) 5,692,823 21,301,802 -36.47% -103.14% Transfers Out – Utility Payments In Lieu of Taxes (2,990,770) (2,990,770) (2,226,229) (764,541) 74.44% 7.77% Transfers In — — — — 0.00% -66.67% Transfers Out — — — — 0.00% -66.67% Total Transfers (2,990,770) (2,990,770) (2,226,229) (764,541) 74.44% 7.77% Excess of Revenue and Other Financing Sources Over (Under) Expenditures and Other Financing Uses, Budget Basis $ (5,966,035) (18,599,749) 3,466,594 22,066,343 Beginning Available Resources 51,219,649 Year-End Investment Market Value Adjustment — Ending Available Resources 54,686,243 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 $ 40,286,243 Income (Loss) Before Transfers CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Water For the period ended February
2024 21
29,
PROJECT PROJECT TITLE ORIGINAL BUDGET NET BUDGET AMENDMENTS REVISED BUDGET ENCUMBRANCES ACTUALS AVAILABLE BUDGET 400708 TREATMENT Plt DISCHARGE $ 1,000,000.00 273,113.14 1,273,113.14 68,518.14 2,595.00 1,202,000.00 400904 EAST INDEPENDENCE INDUST PARK - 674,000.00 674,000.00 - - 674,000.00 401003 FUTURE Prod WELLS 500,000.00 1,462,326.00 1,962,326.00 603,339.94 646,554.06 712,432.00 401301 23RD ST MAIN REPLACEMENT - 311,672.57 311,672.57 2,811.00 - 308,861.57 401402 LAGOON CLEANOUT 500,000.00 (24,500.00) 475,500.00 194,400.00 - 281,100.00 401505 Dist Sys IMPROVE - 244,781.00 244,781.00 - - 244,781.00 401506 TRUMAN ROAD BOOSTER STATION - 106,569.52 106,569.52 - - 106,569.52 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 - 3,919,760.18 3,919,760.18 2,143,548.25 1,408,090.28 368,121.65 401703 Maint BUILDING AT CBP - 200,000.00 200,000.00 - - 200,000.00 401704 VAN HORN RESERVOIR IMPROVE - (49,699.58) (49,699.58) - - (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 - 97,292.00 97,292.00 - - 97,292.00 401808 VFD Drive Replacements HSP 2 & 4 - 230,967.00 230,967.00 - - 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 - (16,042.60) (16,042.60) 13,455.30 4,953.00 (34,450.90) 402004 Main Replace Walnut/Leslie/LeesSumm - 81,218.73 81,218.73 - - 81,218.73 402007 Courtney Bend Emergency Generator - 1,150,000.00 1,150,000.00 - - 1,150,000.00 402008 Wellfield Overhead Electrical Imp - 1,000,000.00 1,000,000.00 - - 1,000,000.00 402009 Main Replace Sheley/Claremont/Norw - 188,790.00 188,790.00 - - 188,790.00 402010 Main Replace Gudgell/Dodgion/KingsH - 103,132.50 103,132.50 - - 103,132.50 402011 Main Replace Salisbury/Peck/Geospac - 120,100.00 120,100.00 - - 120,100.00 402012 College Avenue Improvements - 250,000.00 250,000.00 - - 250,000.00 402101 Main Replacement Ralston 31st/29th - 361,105.00 361,105.00 152,749.98 176,446.52 31,908.50 402102 Main Replacement 3rd St & Jennings - 436,013.00 436,013.00 - - 436,013.00 402103 Main Replacement Truman Road - 86,890.00 86,890.00 44,728.00 - 42,162.00 402104 Lime Slaker No 5 - 350,000.00 350,000.00 76,194.76 301,894.04 (28,088.80) 402105 Main Replacement Sheley - 89,229.50 89,229.50 - - 89,229.50 402106 Main Replacement Sheley & Northern - 983,910.00 983,910.00 105,949.23 445,108.11 432,852.66 402107 Facility Improvements/Const/Maint - 1,714,358.50 1,714,358.50 53,607.97 10,750.53 1,650,000.00 402108 Basin Drive Improvements - 340,523.00 340,523.00 397,033.00 6,443.00 (62,953.00) 402201 Roof Improvements - (19,500.00) (19,500.00) - - (19,500.00) 402203 Lime Slaker No 1 - 350,000.00 350,000.00 66,854.10 310,057.10 (26,911.20) 402207 CB Electrical Switchgear Improvemen - 200,000.00 200,000.00 - - 200,000.00 402301 IT Infrastructure Upgrade - 9,034.80 9,034.80 - - 9,034.80 402302 HSPS HVAC Improvements - 250,000.00 250,000.00 106,520.00 - 143,480.00 402303 Lime Silo Recoating - 400,000.00 400,000.00 - - 400,000.00 402401 Fiber Optic Upgrades 500,000.00 - 500,000.00 - - 500,000.00 402402 Lime Slaker No. 6 350,000.00 - 350,000.00 277,021.86 56,286.14 16,692.00 402403 Sludge House Piping Improvements 200,000.00 - 200,000.00 - - 200,000.00 9749 MAIN REPLACEMENT PROGRAM 5,000,000.00 3,176,870.47 8,176,870.47 388,114.27 870,281.85 6,918,474.35 9952 SECURITY UPGRADES - 454,706.39 454,706.39 71,103.04 97.69 383,505.66 $ 8,050,000.00 20,904,344.20 28,954,344.20 4,765,948.84 4,239,557.32 19,948,838.04 Budget Budget (Enc Roll) Total Budget 20,781,289.40 $ 8,173,054.80 28,954,344.20 Less Expenditures 94,412.14 4,145,145.18 4,239,557.32 Less Encumbrances 1,106,904.22 3,659,044.62 4,765,948.84 Total Available 19,579,973.04 $ 368,865.00 19,948,838.04
- Open Capital Projects As of February 29, 2024 22
Water
Actual Variance Percent Percent Budgeted Amounts Amounts with Amended Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Operating revenues: Charges for Services $ 35,546,430 35,546,430 24,165,845 (11,380,585) 67.98% 1.31% Penalties 200,000 200,000 245,641 45,641 122.82% 56.15% Total operating revenues 35,746,430 35,746,430 24,411,486 (11,334,944) 68.29% 1.62% Operating expenses: Personnel Services 6,988,726 6,988,726 3,856,592 3,132,134 55.18% -11.49% Retiree Benefits 348,000 348,000 279,807 68,193 80.40% 13.73% Other Services 15,920,944 15,920,944 8,674,885 7,246,059 54.49% -12.18% Supplies 1,478,000 1,485,540 844,621 640,919 56.86% -9.81% Capital Projects 6,330,000 17,274,356 1,980,333 15,294,023 11.46% -55.21% Capital Operating 409,600 452,059 283,854 168,205 62.79% -3.88% Debt Service 6,242,978 6,242,978 5,371,452 871,526 86.04% 19.37% Other Expenses — — — — 0.00% -66.67% Total Operating Expenses 37,718,248 48,712,603 21,291,544 27,421,059 43.71% -22.96% Nonoperating Revenues (Expenses): Investment Income 326,000 326,000 889,898 563,898 272.97% 206.30% Miscellaneous Revenue (Expense) 7,900 7,900 33,275 25,375 421.20% 354.53% Total Nonoperating Revenue (Expenses) 333,900 333,900 923,173 589,273 276.48% 209.81% (1,637,918) (12,632,273) 4,043,115 16,675,388 -32.01% -98.68% Transfers Out – Utility Payments In Lieu of Taxes (3,596,612) (3,596,612) (2,442,498) (1,154,114) 67.91% 1.24% Transfers In 10,000 10,000 10,000 — 100.00% 33.33% Transfers Out — (2,130,000) (2,336) (2,127,664) 0.11% -66.56% Total Transfers (3,586,612) (5,716,612) (2,434,834) (3,281,778) 42.59% -24.08% Excess of Revenue and Other Financing Sources Over (Under) Expenditures and Other Financing Uses, Budget Basis $ (5,224,530) (18,348,885) 1,608,281 19,957,166 Beginning Available Resources 33,820,216 Year-End Investment Market Value Adjustment — Ending Available Resources 35,428,497 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 $ 22,728,497 Income (Loss) Before Transfers
OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Sanitary
For the
23
CITY
Sewer
period ended February 29, 2024
Sanitary Sewer - Open Capital Projects
As of February 29, 2024
PROJECT PROJECT TITLE ORIGINAL BUDGET NET BUDGET AMENDMENTS REVISED BUDGET ENCUMBRANCES ACTUALS AVAILABLE BUDGET 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 301701 SCADA UPGRADE - 84,886.62 84,886.62 - 7,378.84 77,507.78 301706 TREATMENT FACILITY IMPROVEMENT - 480,293.20 480,293.20 84,351.09 152,745.79 243,196.32 301804 ROCK CREEK EFFLUENT STRUCTURE - 321,449.93 321,449.93 - - 321,449.93 302002 Arlington Improvements - 100,000.00 100,000.00 - - 100,000.00 302004 Neighborhood Projects 2019-20 150,000.00 1,890,934.34 2,040,934.34 791,304.12 16,624.40 1,233,005.82 302005 Biosolids Handling - 991,019.78 991,019.78 - - 991,019.78 302006 Raw Pumps & Screening - 579,279.41 579,279.41 - - 579,279.41 302007 Electrical Substation Rehab - 158,690.00 158,690.00 29,351.00 - 129,339.00 302008 RCTP Fence - 36,015.56 36,015.56 - - 36,015.56 302101 Sanitation Sewer Evaluation Survey - 106,982.83 106,982.83 - - 106,982.83 302102 Raymond Harkless Mills San Imp - 200,000.00 200,000.00 295,269.34 - (95,269.34) 302103 Pump Station Imp & Maintenance 150,000.00 568,240.98 718,240.98 - - 718,240.98 302104 Polymer System Relocation - 100,000.00 100,000.00 - - 100,000.00 302105 Piping Rehabilitation - 585,933.69 585,933.69 14,332.50 - 571,601.19 302201 Upper Adair Interceptor - 800,000.00 800,000.00 154,434.26 269,947.60 375,618.14 302202 Crackerneck Creek Slope Rehab - 2,270,141.29 2,270,141.29 231,966.60 104,890.50 1,933,284.19 302203 Sanitary Sewer Main Reloc from Stre 300,000.00 400,000.00 700,000.00 - - 700,000.00 302204 RCTP - Septic Pumper - 300,000.00 300,000.00 - - 300,000.00 302205 Clarifier Rehabilitation 1,800,000.00 1,235,952.56 3,035,952.56 18,646.70 27,637.24 2,989,668.62 302206 Railing Safety RCPS & SCPS - 14,083.09 14,083.09 - - 14,083.09 302301 Sludge Thickening Process Improve 200,000.00 400,000.00 600,000.00 - - 600,000.00 302401 Cost of Service Study 100,000.00 - 100,000.00 - - 100,000.00 302402 Grit Removal Improvements-RCPS 750,000.00 - 750,000.00 - - 750,000.00 302403 Pressure Cleaning Truck 250,000.00 - 250,000.00 - - 250,000.00 9757 TRENCHLESS TECHNOLOGY 500,000.00 620,433.66 1,120,433.66 352,944.15 162,980.05 604,509.46 $ 4,200,000.00 13,808,827.68 18,008,827.68 1,972,599.76 742,204.42 15,294,023.50 Current Year Prior Year Budget Budget (Enc Roll) Total Budget 17,274,356.23 $ 734,471.45 18,008,827.68 Less Expenditures 325,098.67 417,105.75 742,204.42 Less Encumbrances 1,655,234.06 317,365.70 1,972,599.76 Total Available 15,294,023.50 $ - 15,294,023.50
24
Actual Variance Percent Percent Budgeted Amounts Amounts with Amended Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Operating revenues: Charges for Services $ — — — — 0.00% -66.67% Miscellaneous — — — — 0.00% -66.67% Total operating revenues — — — — 0.00% -66.67% Operating Expenses: Personnel Services — — — — 0.00% -66.67% Other Services — — 78,140 (78,140) 0.00% -66.67% Supplies — — — — 0.00% -66.67% Capital Outlay 3,062,526 9,263,688 3,146,216 6,117,472 33.96% -32.71% Debt Service 5,789,100 5,789,100 1,592,312 4,196,788 27.51% -39.16% Other Expenses — — — — 0.00% -66.67% Total Operating Expenses 8,851,626 15,052,788 4,816,668 10,236,120 32.00% -34.67% Nonoperating Revenues (Expenses): Investment Income 50,000 50,000 286,949 236,949 573.90% 507.23% Miscellaneous Revenue (Expense) — — 3,077 3,077 0.00% -66.67% Sales Tax 2,400,000 2,400,000 1,035,322 (1,364,678) 43.14% -23.53% Total Nonoperating Revenue (Expenses) 2,450,000 2,450,000 1,325,348 (1,124,652) 54.10% -12.57% (6,401,626) (12,602,788) (3,491,320) 9,111,468 27.70% -38.97% Transfers Out – Utility Payments In Lieu of Taxes — — — — 0.00% -66.67% Transfers In — — 2,416,486 (2,416,486) 0.00% -66.67% Transfers Out — — — — 0.00% -66.67% Total Transfers — — 2,416,486 (2,416,486) 0.00% -66.67% Excess of Revenue and Other Financing Sources Over (Under) Expenditures and Other Financing Uses, Budget Basis $ (6,401,626) (12,602,788) (1,074,834) 11,527,954 Beginning Available Resources (1,728,480) Less Prior Year Expenses — Year-End Investment Market Value Adjustment — Ending Available Resources $ (2,803,314) Income (Loss) Before Transfers
OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Events Center Debt Service For the period ended February 29, 2024 25
CITY
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
Central Garage
For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Amended Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Operating revenues: Charges for Services $ 2,804,471 2,804,471 1,939,539 (864,932) 69.16% 2.49% Miscellaneous 128,700 128,700 145,302 16,602 112.90% 46.23% Total Operating Revenues 2,933,171 2,933,171 2,084,841 (848,330) 71.08% 4.41% Operating Expenses: Personnel Services 857,546 857,546 466,412 391,134 54.39% -12.28% Retiree Benefits 52,000 52,000 24,344 27,656 46.82% -19.85% Other Services 816,223 816,223 767,615 48,608 94.04% 27.37% Supplies 1,240,300 1,242,300 1,204,062 38,238 96.92% 30.25% Capital Outlay 2,000 — — — 0.00% -66.67% Other Expenses — — — — 0.00% -66.67% Total Operating Expenses 2,968,069 2,968,069 2,462,433 505,636 82.96% 16.29% Nonoperating Revenues (Expenses): Investment Income 7,500 7,500 22,232 14,732 296.43% 229.76% Miscellaneous Revenue (Expense) 281,000 281,000 22,739 (258,261) 8.09% -58.58% Total Nonoperating Revenue (Expenses) 288,500 288,500 44,971 (243,529) 15.59% -51.08% 253,602 253,602 (332,621) (586,223) -131.16% -197.83% Transfers Out – Utility Payments In Lieu of Taxes — — — — 0.00% -66.67% Transfers In — — — — 0.00% -66.67% Transfers Out — — — — 0.00% -66.67% Total Transfers — — — — 0.00% -66.67% Change In Net Position (Budget Basis) $ 253,602 253,602 (332,621) (586,223) Unassigned Fund Balance at Beginning of Year (1,008,280) Cancellation of Prior Year Encumbrances 45,194 Change in Other Fund Balance Components During the Year (7,209) GAAP Components - OPEB and LAGERS 1,806,028 Year-end investment market value adjustment — Ending Unassigned Fund Balance Non-GAAP Basis, 02/29/24 503,112 Other Net Position Components: Assigned - Current Year Encumbrances 586,107 Assigned - Prior Year Encumbrances — Total Fund Balance $ 1,089,219 Income (Loss) Before Transfers
26
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
Staywell Health Care
For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Amended Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Operating revenues: Charges for Services $ 20,534,900 20,534,900 14,046,717 (6,488,183) 68.40% 1.73% Miscellaneous — — — — 0.00% -66.67% Total Operating Revenues 20,534,900 20,534,900 14,046,717 (6,488,183) 68.40% 1.73% Operating Expenses: Personnel Services 740,500 740,500 423,900 316,600 57.25% -9.42% Other Services 24,460,900 24,460,900 14,113,896 10,347,004 57.70% -8.97% Supplies — — — — 0.00% -66.67% Capital Outlay — — — — 0.00% -66.67% Other Expenses — — — — 0.00% -66.67% Total Operating Expenses 25,201,400 25,201,400 14,537,796 10,663,604 57.69% -8.98% Nonoperating Revenues (Expenses): Investment Income 120,000 120,000 178,695 58,695 148.91% 82.24% Miscellaneous Revenue (Expense) 1,236,600 1,236,600 1,037,407 (199,193) 83.89% 17.22% Total Nonoperating Revenue (Expenses) 1,356,600 1,356,600 1,216,102 (140,498) 89.64% 22.97% (3,309,900) (3,309,900) 725,023 4,034,923 -21.90% -88.57% Transfers In - American Rescue Plan — — — — 0.00% -66.67% Transfers Out — — — — 0.00% -66.67% Total Transfers — — — — 0.00% -66.67% Change In Net Position (Budget Basis) $ (3,309,900) (3,309,900) 725,023 4,034,923 Unassigned Fund Balance at Beginning of Year 3,747,925 Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Ending Unassigned Fund Balance Non-GAAP Basis, 02/29/24 4,472,948 Other Net Position Components: Assigned - Current Year Encumbrances 36,000 Assigned - Prior Year Encumbrances — Total Fund Balance $ 4,508,948 Income (Loss) Before Transfers
27
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
Workers' Compensation
For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Amended Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Operating revenues: Charges for Services $ 4,450,900 4,450,900 2,361,917 (2,088,983) 53.07% -13.60% Miscellaneous — — — — 0.00% -66.67% Total Operating Revenues 4,450,900 4,450,900 2,361,917 (2,088,983) 53.07% -13.60% Operating Expenses: Personnel Services — — 5,015 (5,015) 0.00% -66.67% Other Services 4,748,001 4,748,001 3,129,016 1,618,985 65.90% -0.77% Supplies — — — — 0.00% -66.67% Capital Outlay — — — — 0.00% -66.67% Other Expenses — — — — 0.00% -66.67% Total Operating Expenses 4,748,001 4,748,001 3,134,031 1,613,970 66.01% -0.66% Nonoperating Revenues (Expenses): Investment Income 10,000 10,000 136,106 126,106 1361.06% 1294.39% Miscellaneous Revenue (Expense) — — 119 119 0.00% -66.67% Total Nonoperating Revenue (Expenses) 10,000 10,000 136,225 126,225 1362.25% 1295.58% (287,101) (287,101) (635,889) (348,788) 221.49% 154.82% Transfers In — — — — 0.00% -66.67% Transfers Out — — — — 0.00% -66.67% Total Transfers — — — — 0.00% -66.67% Change In Net Position (Budget Basis) $ (287,101) (287,101) (635,889) (348,788) Unassigned Fund Balance at Beginning of Year (5,756,320) 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, 02/29/24 (6,392,209) Other Net Position Components: Restricted - Work Comp Escrow Assigned - Current Year Encumbrances 63,295 Assigned - Prior Year Encumbrances — Total Fund Balance $ (6,328,914) Income (Loss) Before Transfers
28
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
Risk Management
For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Amended Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Operating revenues: Charges for Services $ 3,196,000 3,196,000 1,962,867 (1,233,133) 61.42% -5.25% Miscellaneous — — — — 0.00% -66.67% Total Operating Revenues 3,196,000 3,196,000 1,962,867 (1,233,133) 61.42% -5.25% Operating Expenses: Personnel Services — — 5,015 (5,015) 0.00% -66.67% Other Services 3,355,559 3,355,559 2,740,566 614,993 81.67% 15.00% Supplies — — — — 0.00% -66.67% Capital Outlay — — — — 0.00% -66.67% Other Expenses — — — — 0.00% -66.67% Total Operating Expenses 3,355,559 3,355,559 2,745,581 609,978 81.82% 15.15% Nonoperating Revenues (Expenses): Investment Income 23,000 23,000 33,357 10,357 145.03% 78.36% Miscellaneous Revenue (Expense) — — 258 258 0.00% -66.67% Total Nonoperating Revenue (Expenses) 23,000 23,000 33,615 10,615 146.15% 79.48% (136,559) (136,559) (749,099) (612,540) 548.55% 481.88% Transfers Out – Utility Payments In Lieu of Taxes — — — — 0.00% -66.67% Transfers In — — — — 0.00% -66.67% Transfers Out — — — — 0.00% -66.67% Total Transfers — — — — 0.00% -66.67% Change In Net Position (Budget Basis) $ (136,559) (136,559) (749,099) (612,540) Unassigned Fund Balance at Beginning of Year 2,049,143 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, 02/29/24 1,300,044 Other Net Position Components: Assigned - Current Year Encumbrances 57,375 Assigned - Prior Year Encumbrances — Total Fund Balance $ 1,357,419 Income (Loss) Before Transfers
29
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
Finance & Support Services
For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Amended Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Operating revenues: Charges for Services $ 11,709,004 11,709,004 7,763,655 (3,945,349) 66.30% -0.37% Miscellaneous — — — — 0.00% -66.67% Total Operating Revenues 11,709,004 11,709,004 7,763,655 (3,945,349) 66.30% -0.37% Operating Expenses: Personnel Services 5,939,496 6,037,071 3,717,501 2,319,570 61.58% -5.09% Retiree Benefits 170,000 170,000 140,617 29,383 82.72% 16.05% Other Services 4,645,103 4,645,103 4,010,068 635,035 86.33% 19.66% Supplies 44,350 44,350 15,143 29,207 34.14% -32.53% Capital Outlay 1,257,834 1,257,834 81,904 1,175,930 6.51% -60.16% Other Expenses — — — — 0.00% -66.67% Total Operating Expenses 12,056,783 12,154,358 7,965,233 4,189,125 65.53% -1.14% Nonoperating Revenues (Expenses): Investment Income — — — — 0.00% -66.67% Miscellaneous Revenue (Expense) — — 7,066 7,066 0.00% -66.67% Total Nonoperating Revenue (Expenses) — — 7,066 7,066 0.00% -66.67% (347,779) (445,354) (194,512) 250,842 43.68% -22.99% Transfers Out – Utility Payments In Lieu of Taxes — — — — 0.00% -66.67% Transfers In – CARES Act — — — — 0.00% -66.67% Transfers Out — — — — 0.00% -66.67% Total Transfers — — — — 0.00% -66.67% Change In Net Position (Budget Basis) $ (347,779) (445,354) (194,512) 250,842 Unassigned Fund Balance at Beginning of Year (2,040,870) Cancellation of Prior Year Encumbrances 1,520 Change in Other Fund Balance Components During the Year (1,956) GAAP Components - OPEB and LAGERS 2,838,368 Ending Unassigned Fund Balance Non-GAAP Basis, 02/29/24 602,550 Other Net Position Components: Assigned - Current Year Encumbrances 321,772 Assigned - Prior Year Encumbrances 101,553 Total Fund Balance $ 1,025,875 Income (Loss) Before Transfers
30
the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Charges for Services $ 9,289 9,289 10,158 869 109.36% 42.69% Investment Income (Loss) 2,000 2,000 3,499 1,499 174.95% 108.28% Other Revenue 0.00% -66.67% Total Revenues 11,289 11,289 13,657 2,368 120.98% 54.31% Expenditures: General Government 134 (134) 0.00% -66.67% Debt Service 14,705 14,705 12,997 1,708 88.38% 21.71% Total Expenditures 14,705 14,705 13,131 1,574 89.30% 22.63% Other Financing Uses: Transfers Out/Capital Outlay 0.00% -66.67% Total Other Financing Uses 0.00% -66.67% Total expenditures and other financing uses 14,705 14,705 13,131 1,574 89.30% 22.63% Excess of Revenues Over (Under) Expenditures and Other Financing Uses, Budget Basis $ (3,416) (3,416) 526 3,942 Unassigned Fund Balance at Beginning of Year 109,779 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment Ending Unassigned Fund Balance, 02/29/24 110,305 Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Total Fund Balance $ 110,305
MISSOURI Budgetary Comparison Schedule
For
31
CITY OF INDEPENDENCE,
Debt Service - Neighborhood Improvement Districts
CITY OF INDEPENDENCE, MISSOURI
Street Improvements Capital Project Fund
For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Charges for Services $ 6,526 6,526 0.00% -66.67% Investment Income 2,035 2,035 0.00% -66.67% Intergovernmental 11,484 11,484 0.00% -66.67% Other Revenue 0.00% -66.67% Total Revenues — — 20,045 20,045 0.00% -66.67% Other Financing Sources: Transfers In 36,552 36,552 0.00% -66.67% Proceeds From Bond Issuance Total Other Financing Sources 36,552 36,552 0.00% -66.67% Total Revenues and Other Financing Sources 56,597 56,597 0.00% -66.67% Expenditures: Public Works 12 (12) 0.00% -66.67% Culture and Recreation 0.00% -66.67% Capital Outlay 80,302 42,272 38,030 52.64% -14.03% Total Expenditures 80,302 42,284 38,018 52.66% -14.01% Other Financing Uses: Transfers Out/Capital Outlay 0.00% -66.67% Total Other Financing Uses 0.00% -66.67% Total Expenditures and Other Financing Uses 80,302 42,284 38,018 52.66% -14.01% Excess of Revenues Over (Under) Expenditures and Other Financing Uses, Budget Basis $ (80,302) 14,313 94,615 Unassigned Fund Balance at Beginning of Year (867,534) Cancellation of Prior Year Encumbrances Change to Prior Year Expenditure Year-End Investment Market Value Adjustment Ending Unassigned Fund Balance, 02/29/24 (853,221) Other Fund Balance Components: Committed - Current Year Encumbrances 21,081 Committed - Prior Year Encumbrances 898,992 Total Fund Balance $ 66,852 Budgetary Comparison Schedule
32
Other Fund Balance Components:
Committed - Current Year Encumbrances
Committed - Prior Year Encumbrances
Total
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
Revolving Public Improvements Capital Project Fund
For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Charges for Services $ 0.00% -66.67% Investment Income (Loss) 405 405 0.00% -66.67% Other Revenue 0.00% -66.67% Total Revenues 405 405 0.00% -66.67% Expenditures: Public Works 4 (4) 0.00% -66.67% Culture and Recreation 0.00% -66.67% Capital Outlay 0.00% -66.67% Total Expenditures 4 (4) 0.00% -66.67% Other Financing Uses: Transfers Out/Capital Outlay 22,018 (22,018) 0.00% -66.67% Total Other Financing Uses 22,018 (22,018) 0.00% -66.67% Total Expenditures and Other Financing Uses 22,022 (22,022) 0.00% -66.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses, Budget Basis $ (21,617) (21,617) Unassigned Fund Balance at Beginning of Year 21,617
of Prior Year Encumbrances
in Other Fund Balance Components During the Year
Investment Market Value Adjustment
Unassigned Fund Balance, 02/29/24
Cancellation
Change
Year-End
Ending
Fund Balance $
33
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
Buildings and Other Improvements Capital Project Fund For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Charges for Services $ 0.00% -66.67% Intergovernmental (9,512) (9,512) 0.00% -66.67% Investment Income 0.00% -66.67% Other Revenue 0.00% -66.67% Total revenues (9,512) (9,512) 0.00% -66.67% Other Financing Sources: Debt Proceeds 20,000,000 20,000,000 100.00% 33.33% Transfers In 2,650,000 20,213 (2,629,787) 0.76% -65.91% Proceeds from bond issuance Total Other Financing Sources 22,650,000 20,020,213 (2,629,787) 88.39% 21.72% Total Revenues and Other Financing Sources 22,650,000 20,010,701 (2,639,299) 88.35% 21.68% Expenditures: Public Works 0.00% -66.67% Culture and Recreation 0.00% -66.67% Capital Outlay 22,837,726 9,244,668 13,593,058 40.48% -26.19% Total Expenditures 22,837,726 9,244,668 13,593,058 40.48% -26.19% Other Financing Uses: Transfers Out/Capital Outlay 0.00% -66.67% Total Other Financing Uses 0.00% -66.67% Total expenditures and other financing uses 22,837,726 9,244,668 13,593,058 40.48% -26.19% Excess of Revenues Over (Under) Expenditures and Other Financing Uses, Budget Basis $ (187,726) 10,766,033 10,953,759 Unassigned Fund Balance at Beginning of Year (35,725) Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year (10,760,900) Year-End Investment Market Value Adjustment Ending Unassigned Fund Balance, 02/29/24 (30,592) Other Fund Balance Components: Committed - Current Year Encumbrances Committed - Prior Year Encumbrances 25,024 Restricted - Debt Reserve Project Accounts - Capital Projects 10,760,900 Total Fund Balance $ 10,755,332
34
Fund Balance Components:
Committed -
Committed -
Total
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
Storm Drainage Capital Project Fund
For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Charges for Services $ 0.00% -66.67% Investment Income 0.00% -66.67% Other Revenue 0.00% -66.67% Total revenues 0.00% -66.67% Other financing sources: Transfers in 16,155 16,155 0.00% -66.67% Proceeds from bond issuance #DIV/0! Total other financing sources 16,155 16,155 0.00% -66.67% Total revenues and other financing sources 16,155 16,155 0.00% -66.67% Expenditures: Public Works 0.00% -66.67% Culture and Recreation 0.00% -66.67% Capital Outlay 0.00% -66.67% Total Expenditures 0.00% -66.67% Other Financing Uses: Transfers Out/Capital Outlay 0.00% -66.67% Total Other Financing Uses 0.00% -66.67% Total expenditures and other financing uses 0.00% -66.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses, Budget Basis $ 16,155 16,155 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, 02/29/24
Current
Year Encumbrances
Prior Year Encumbrances
Fund Balance $
35
Fund Balance Components:
Committed -
Total Fund
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
Park Improvements
Capital Project Fund
For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Charges for Services $ 0.00% -66.67% Investment Income (Loss) 606 606 0.00% -66.67% Other Revenue 0.00% -66.67% Total revenues 606 606 0.00% -66.67% Expenditures: Public Works 6 (6) 0.00% -66.67% Culture and Recreation 0.00% -66.67% Capital Outlay 0.00% -66.67% Total Expenditures 6 (6) 0.00% -66.67% Other Financing Uses: Transfers Out/Capital Outlay 32,085 (32,085) 0.00% -66.67% Total Other Financing Uses 32,085 (32,085) 0.00% -66.67% Total expenditures and other financing uses 32,091 (32,091) 0.00% -66.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses, Budget Basis $ (31,485) (31,485) Unassigned Fund Balance at Beginning of Year 31,485 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment Ending Unassigned Fund Balance, 02/29/24
Current
Year Encumbrances
Committed - Prior Year Encumbrances
Balance
$
36
CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule
Independence Events Center CID
For the period ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Sales Taxes $ 8,295,957 8,295,957 5,253,699 (3,042,258) 63.33% -3.34% Investment Income 400,000 400,000 369,060 (30,940) 92.27% 25.60% Total Revenues 8,695,957 8,695,957 5,622,759 (3,073,198) 64.66% -2.01% Expenditures: Administrative Fee 165,919 165,919 105,074 60,845 63.33% -3.34% Insurance 122,288 122,288 2,972 119,316 2.43% -64.24% Legal 20,000 20,000 2,160 17,840 10.80% -55.87% Audit 5,650 5,650 5,650 100.00% 33.33% Banking 9,000 9,000 6,555 2,445 72.83% 6.16% Contract Services 220,965 220,965 200,000 20,965 90.51% 23.84% Capital Outlay 0.00% -66.67% Other 50,000 (50,000) 0.00% -66.67% Total Expenditures 543,822 543,822 372,411 171,411 68.48% 1.81% Other Financing Uses: Transfers Out - EATS 1,175,000 1,175,000 33,756 1,141,244 2.87% -63.80% Transfers Out - Debt Service (City) 4,604,093 4,604,093 1,001,566 3,602,527 21.75% -44.92% Transfers Out - Captial Projects 3,212,526 3,212,526 2,290,194 922,332 71.29% 4.62% Transfers Out - Other Items 126,292 (126,292) 0.00% -66.67% Total Other Financing Uses 8,991,619 8,991,619 3,451,808 5,539,811 38.39% -28.28% Excess of Revenue and Other Financing Sources Over (Under) Expenditures and Other Financing Uses, Budget Basis $ (839,484) (839,484) 1,798,540 2,638,024 Unassigned Fund Balance at Beginning of Year 11,114,576 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Unassigned Ending Fund Balance, 02/29/24 12,913,116 Other Fund Balance Components: Restricted - current year encumbrances Restricted - prior year encumbrances 5,795 Total Fund Balance $ 12,918,911
37
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Sales taxes $ 622,409 622,409 378,981 (243,428) 60.89% -5.78% Investment income 5,000 5,000 4,434 (566) 88.68% 22.01% Total revenues 627,409 627,409 383,415 (243,994) 61.11% -5.56% Expenditures: Administrative Fee 12,448 12,448 7,579 4,869 60.89% -5.78% Insurance 2,500 2,500 2,576 (76) 103.04% 36.37% Legal 1,250 1,250 1,250 100.00% 33.33% Audit 5,650 5,650 5,650 100.00% 33.33% Banking 650 650 274 376 42.15% -24.52% Contract Services 0.00% -66.67% Capital Outlay 0.00% -66.67% Other 0.00% -66.67% Total expenditures 22,498 22,498 17,329 5,169 77.02% 10.35% Other financing uses: Transfers out - EATS 311,204 311,204 189,486 121,718 60.89% -5.78% Transfers out - Debt Service (City) 315,000 315,000 87,000 228,000 27.62% -39.05% Total other financing uses 626,204 626,204 276,486 349,718 44.15% -22.52% Excess of Revenue and Other Financing Sources Over (Under) Expenditures and Other Financing Uses, Budget Basis $ 1,231,115 1,231,115 89,600 (1,141,515) Unassigned Fund Balance at Beginning of Year 38,755 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year (474) Unassigned Ending Fund Balance, 02/29/24 127,881 Other Fund Balance Components: Restricted - Current Year Encumbrances Restricted - Prior Year Encumbrances Restricted - City Transportation 8,335 Total Fund Balance $ 136,216 CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Crackerneck Creek TDD For the period ended February 29, 2024 38
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
Tax Increment Financing Summary
For the Period Ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Taxes $ — — 10,245,686 10,213,952 0.00% -66.67% Investment Income (Loss) — — 369,815 189,084 0.00% -66.67% Other revenue — — 685,637 801,679 0.00% -66.67% Total Revenues — — 11,301,138 11,204,715 0.00% -66.67% Other Financing Sources: Transfers In — — 133,180 133,180 0.00% -66.67% Proceeds from bond issuance — — — — Total Other Financing Sources — — 133,180 133,180 0.00% -66.67% Total Revenues and Other Financing Sources — — 11,434,318 11,337,895 0.00% -66.67% Expenditures: Tax Increment Financing — — 1,261,957 (1,260,488) 0.00% -66.67% Debt Service Principal 6,585,000 6,585,000 4,779,161 1,805,839 72.58% 5.91% Interest and Fiscal Agent Fees 4,161,150 4,161,150 4,666,515 (505,365) 112.14% 45.47% Debt Issuance Costs — — — — 0.00% -66.67% Total Expenditures 10,746,150 10,746,150 10,707,633 39,986 99.64% 32.97% Other Financing Uses: Issuance of Debt — — — — 0.00% -66.67% Reoffering Premium/Original Issue Discount — — — — 0.00% -66.67% Payment to Refund Loans Escrow Agent — — — — 0.00% -66.67% Transfers Out — — 35,565 (35,565) 0.00% -66.67% Total Other Financing Uses — — 35,565 (35,565) 0.00% -66.67% Total Expenditures and Other Financing Uses 10,746,150 10,746,150 10,743,198 4,421 99.97% 33.30% Excess of Revenues Over (Under) Expenditures and other financing uses $ (10,746,150) (10,746,150) 691,120 11,437,270 Unassigned Fund Balance at Beginning of Year 14,371,073 Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Year-End Investment Market Value Adjustment — Unassigned Ending Fund Balance, 02/29/24 15,062,193 Other Fund Balance Components: Restricted - Current Year Encumbrances — Restricted - Prior Year Encumbrances — Restricted - Trust Debt Service 10,360,270 Total Fund Balance $ 25,422,463
39
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Taxes $ — — 47,400 47,400 0.00% -66.67% Investment Income (Loss) — — 868 868 0.00% -66.67% Other Revenue — — 54,184 54,184 0.00% -66.67% Total Revenues — — 102,452 102,452 0.00% -66.67% Other Financing Sources: Transfers In — — — — 0.00% -66.67% Proceeds from bond issuance — — — — Total Other Financing Sources — — — — 0.00% -66.67% Total Revenues and Other Financing Sources — — 102,452 102,452 0.00% -66.67% Expenditures: Tax Increment Financing — — 2,501 (2,501) 0.00% -66.67% Debt Service Principal 215,000 215,000 105,000 110,000 48.84% -17.83% Interest and Fiscal Agent Fees 314,000 314,000 159,473 154,527 50.79% -15.88% Debt Issuance Costs — — — — 0.00% -66.67% Total Expenditures 529,000 529,000 266,974 262,026 50.47% -16.20% Other Financing Uses: Issuance of Debt — — — — 0.00% -66.67% Reoffering Premium/Original Issue Discount — — — — 0.00% -66.67% Payment to Refund Loans Escrow Agent — — — — 0.00% -66.67% Transfers Out — — — — 0.00% -66.67% Total Other Financing Uses — — — — 0.00% -66.67% Total Expenditures and Other Financing Uses 529,000 529,000 266,974 262,026 50.47% -16.20% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (529,000) (529,000) (164,522) 364,478 Unassigned Fund Balance at Beginning of Year 11,698 Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Year-End Investment Market Value Adjustment — Unassigned Ending Fund Balance, 02/29/24 (152,824) Other Fund Balance Components: Restricted - Current Year Encumbrances — Restricted - Prior Year Encumbrances — Restricted - Trust Debt Service 500,909 Total Fund Balance $ 348,085 CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Santa Fe TIF For the Period Ended February 29, 2024 40
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Taxes $ — — — — 0.00% -66.67% Investment Income (Loss) — — — — 0.00% -66.67% Other Revenue — — 3,484 3,484 0.00% -66.67% Total Revenues — — 3,484 3,484 0.00% -66.67% Other Financing Sources: Transfers In — — 10,615 10,615 0.00% -66.67% Proceeds from bond issuance — — — — Total Other Financing Sources — — 10,615 10,615 0.00% -66.67% Total Revenues and Other Financing Sources — — 14,099 14,099 0.00% -66.67% Expenditures: Tax Increment Financing — — — — 0.00% -66.67% Debt Service Principal — — — — 0.00% -66.67% Interest and Fiscal Agent Fees — — — — 0.00% -66.67% Debt Issuance Costs — — — — 0.00% -66.67% Total Expenditures — — — — 0.00% -66.67% Other Financing Uses: Issuance of Debt — — — — 0.00% -66.67% Reoffering Premium/Original Issue Discount — — — — 0.00% -66.67% Payment to Refund Loans Escrow Agent — — — — 0.00% -66.67% Transfers Out — — 1,809 (1,809) 0.00% -66.67% Total Other Financing Uses — — 1,809 (1,809) 0.00% -66.67% Total Expenditures and Other Financing Uses — — 1,809 (1,809) 0.00% -66.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ — — 12,290 12,290 Unassigned Fund Balance at Beginning of Year 31,195 Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Year-End Investment Market Value Adjustment — Unassigned Ending Fund Balance, 02/29/24 43,485 Other Fund Balance Components: Restricted - Current Year Encumbrances — Restricted - Prior Year Encumbrances — Restricted - Trust Debt Service — Total Fund Balance $ 43,485 CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Eastland TIF For the Period Ended February 29, 2024 41
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
North Independence TIF
For the Period Ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Taxes $ — — — — 0.00% -66.67% Investment Income (Loss) — — — — 0.00% -66.67% Other Revenue — — — — 0.00% -66.67% Total Revenues — — — — 0.00% -66.67% Expenditures: Tax Increment Financing — — — — 0.00% -66.67% Debt Service Principal — — — — 0.00% -66.67% Interest and Fiscal Agent Fees — — 621 (621) 0.00% -66.67% Debt Issuance Costs — — — — 0.00% -66.67% Total Expenditures — — 621 (621) 0.00% -66.67% Other Financing Uses: Issuance of Debt — — — — 0.00% -66.67% Reoffering Premium/Original Issue Discount — — — — 0.00% -66.67% Payment to Refund Loans Escrow Agent — — — — 0.00% -66.67% Transfers Out — — — — 0.00% -66.67% — — — — 0.00% -66.67% Total Other Financing Uses — — — — 0.00% -66.67% -66.67% Total Expenditures and Other Financing Uses — — 621 (621) 0.00% -66.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ — — (621) (621) Unassigned Fund Balance at Beginning of Year 621 Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Unassigned Ending Fund Balance, 02/29/24 — Other Fund Balance Components: Restricted - Current Year Encumbrances — Restricted - Prior Year Encumbrances — Restricted - Trust Debt Service — Total Fund Balance $ —
42
Crackerneck Creek TIF For the Period Ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Taxes $ — — 1,304,952 1,304,952 0.00% -66.67% Investment Income (Loss) — — 78,703 78,703 0.00% -66.67% Other Revenue — — 744,011 744,011 0.00% -66.67% Total Revenues — — 2,127,666 2,127,666 0.00% -66.67% Other Financing Sources: Transfers In — — 87,000 87,000 0.00% -66.67% Proceeds from bond issuance — — — — Total Other Financing Sources — — 87,000 87,000 0.00% -66.67% Total Revenues and Other Financing Sources — — 2,214,666 2,214,666 0.00% -66.67% Expenditures: Tax Increment Financing — — 6,908 (6,908) 0.00% -66.67% Debt Service Principal 3,900,000 3,900,000 3,900,000 — 100.00% 33.33% Interest and Fiscal Agent Fees 3,183,950 3,183,950 3,183,912 38 100.00% 33.33% Debt Issuance Costs — — — — 0.00% -66.67% Total Expenditures 7,083,950 7,083,950 7,090,820 (6,870) 100.10% 33.43% Other Financing Uses: Issuance of Debt — — — — 0.00% -66.67% Reoffering Premium/Original Issue Discount — — — — 0.00% -66.67% Payment to Refund Loans Escrow Agent — — — — 0.00% -66.67% Transfers Out — — — — 0.00% -66.67% Total Other Financing Uses — — — — 0.00% -66.67% Total Expenditures and Other Financing Uses 7,083,950 7,083,950 7,090,820 (6,870) 100.10% 33.43% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (7,083,950) (7,083,950) (4,876,154) 2,207,796 Unassigned Fund Balance at Beginning of Year 4,493,608 Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Year-End Investment Market Value Adjustment — Unassigned Ending Fund Balance, 02/29/24 (382,546) Other Fund Balance Components: Restricted - Current Year Encumbrances — Restricted - Prior Year Encumbrances — Restricted - Trust Debt Service 6,426,875 Total Fund Balance $ 6,044,329
INDEPENDENCE, MISSOURI
Comparison Schedule
43
CITY OF
Budgetary
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
Old Landfill TIF
For the Period Ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Taxes $ — — 771,842 771,842 0.00% -66.67% Investment Income (Loss) — — 2,983 2,983 0.00% -66.67% Other Revenue — — — — 0.00% -66.67% Total Revenues — — 774,825 774,825 0.00% -66.67% Expenditures: Tax Increment Financing — — 23 (23) 0.00% -66.67% Debt Service Principal — — 45,642 (45,642) 0.00% -66.67% Interest and Fiscal Agent Fees — — 642,358 (642,358) 0.00% -66.67% Debt Issuance Costs — — — — 0.00% -66.67% Total Expenditures — — 688,023 (688,023) 0.00% -66.67% Other Financing Uses: Issuance of Debt — — — — 0.00% -66.67% Reoffering Premium/Original Issue Discount — — — — 0.00% -66.67% Payment to Refund Loans Escrow Agent — — — — 0.00% -66.67% Transfers Out — — — — 0.00% -66.67% Total Other Financing Uses — — — — 0.00% -66.67% Total Expenditures and Other Financing Uses — — 688,023 (688,023) 0.00% -66.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ — — 86,802 86,802 Unassigned Fund Balance at Beginning of Year 5,329 Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Unassigned Ending Fund Balance, 02/29/24 92,131 Other Fund Balance Components: Restricted - Current Year Encumbrances — Restricted - Prior Year Encumbrances — Restricted - Trust Debt Service — Total Fund Balance $ 92,131
44
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Taxes $ — — 564,966 564,966 0.00% -66.67% Investment Income (Loss) — — 998 998 0.00% -66.67% Other Revenue — — — — 0.00% -66.67% Total Revenues — — 565,964 565,964 0.00% -66.67% Other Financing Sources: Transfers In — — 26,855 26,855 0.00% -66.67% Proceeds from bond issuance — — Total Other Financing Sources — — 26,855 26,855 0.00% -66.67% Total Revenues and Other Financing Sources — — 592,819 592,819 0.00% -66.67% Expenditures: Tax Increment Financing — — 9 (9) 0.00% -66.67% Debt Service Principal — — 421,147 (421,147) 0.00% -66.67% Interest and Fiscal Agent Fees — — 27,353 (27,353) 0.00% -66.67% Debt Issuance Costs — — — — 0.00% -66.67% Total Expenditures — — 448,509 (448,509) 0.00% -66.67% Other Financing Uses: Issuance of Debt — — — — 0.00% -66.67% Reoffering Premium/Original Issue Discount — — — — 0.00% -66.67% Payment to Refund Loans Escrow Agent — — — — 0.00% -66.67% Transfers Out — — 26,855 (26,855) 0.00% -66.67% Total Other Financing Uses — — 26,855 (26,855) 0.00% -66.67% Total Expenditures and Other Financing Uses — — 475,364 (475,364) 0.00% -66.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ — — 117,455 117,455 Unassigned Fund Balance at Beginning of Year 57,721 Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Unassigned Ending Fund Balance, 02/29/24 175,176 Other Fund Balance Components: Restricted - Current Year Encumbrances — Restricted - Prior Year Encumbrances — Restricted - Trust Debt Service — Total Fund Balance $ 175,176 CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Trinity TIF For the Period Ended February 29, 2024 45
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
HCA TIF
For the Period Ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Taxes $ — — 4,229,212 4,229,212 0.00% -66.67% Investment Income (Loss) — — 41,604 41,604 0.00% -66.67% Other Revenue — — — — 0.00% -66.67% Total Revenues — — 4,270,816 4,270,816 0.00% -66.67% Other Financing Sources: Transfers In — — 6,901 6,901 0.00% -66.67% Proceeds from bond issuance — — — — Total Other Financing Sources — — 6,901 6,901 0.00% -66.67% Total Revenues and Other Financing Sources — — 4,277,717 4,277,717 0.00% -66.67% Expenditures: Tax Increment Financing — — 1,108,427 (1,108,427) 0.00% -66.67% Debt Service Principal 2,470,000 2,470,000 — 2,470,000 0.00% -66.67% Interest and Fiscal Agent Fees 663,200 663,200 331,600 331,600 50.00% -16.67% Debt Issuance Costs — — — — 0.00% -66.67% Total Expenditures 3,133,200 3,133,200 1,440,027 1,693,173 45.96% -20.71% Other Financing Uses: Issuance of Debt — — — — 0.00% -66.67% Reoffering Premium/Original Issue Discount — — — — 0.00% -66.67% Payment to Refund Loans Escrow Agent — — — — 0.00% -66.67% Transfers Out — — 6,901 (6,901) 0.00% -66.67% Total Other Financing Uses — — 6,901 (6,901) 0.00% -66.67% Total Expenditures and Other Financing Uses 3,133,200 3,133,200 1,446,928 1,686,272 46.18% -20.49% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (3,133,200) (3,133,200) 2,830,789 5,963,989 Unassigned Fund Balance at Beginning of Year 1,142,872 Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Year-End Investment Market Value Adjustment — Unassigned Ending Fund Balance, 02/29/24 3,973,661 Other Fund Balance Components: Restricted - Current Year Encumbrances — Restricted - Prior Year Encumbrances — Restricted - Trust Debt Service 3,432,486 Total Fund Balance $ 7,406,147
46
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
Cinema East TIF
For the Period Ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Taxes $ — — 233,851 233,851 0.00% -66.67% Investment Income (Loss) — — 473 473 0.00% -66.67% Other Revenue — — — — 0.00% -66.67% Total Revenues — — 234,324 234,324 0.00% -66.67% Expenditures: Tax Increment Financing — — 5 (5) 0.00% -66.67% Debt Service Principal — — 105,963 (105,963) 0.00% -66.67% Interest and Fiscal Agent Fees — — 121,787 (121,787) 0.00% -66.67% Debt Issuance Costs — — — — 0.00% -66.67% Total Expenditures — — 227,755 (227,755) 0.00% -66.67% Other Financing Uses: Issuance of Debt — — — — 0.00% -66.67% Reoffering Premium/Original Issue Discount — — — — 0.00% -66.67% Payment to Refund Loans Escrow Agent — — — — 0.00% -66.67% Transfers Out — — — — 0.00% -66.67% Total Other Financing Uses — — — — 0.00% -66.67% Total Expenditures and Other Financing Uses — — 227,755 (227,755) 0.00% -66.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ — — 6,569 6,569 Unassigned Fund Balance at Beginning of Year 46,374 Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Year-End Investment Market Value Adjustment — Unassigned Ending Fund Balance, 02/29/24 52,943 Other Fund Balance Components: Restricted - Current Year Encumbrances — Restricted - Prior Year Encumbrances — Restricted - Trust Debt Service — Total Fund Balance $ 52,943
47
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Taxes $ — — — — 0.00% -66.67% Investment Income (Loss) — — — — 0.00% -66.67% Other Revenue — — — — 0.00% -66.67% Total Revenues — — — — 0.00% -66.67% Expenditures: Tax Increment Financing — — — — 0.00% -66.67% Debt Service Principal — — — — 0.00% -66.67% Interest and Fiscal Agent Fees — — — — 0.00% -66.67% Debt Issuance Costs — — — — 0.00% -66.67% Total Expenditures — — — — 0.00% -66.67% Other Financing Uses: Issuance of Debt — — — — 0.00% -66.67% Reoffering Premium/Original Issue Discount — — — — 0.00% -66.67% Payment to Refund Loans Escrow Agent — — — — 0.00% -66.67% Transfers Out — — — — 0.00% -66.67% Total Other Financing Uses — — — — 0.00% -66.67% Total Expenditures and Other Financing Uses — — — — 0.00% -66.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ — — — — Unassigned Fund Balance at Beginning of Year 100 Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Unassigned Ending Fund Balance, 02/29/24 100 Other Fund Balance Components: Restricted - Current Year Encumbrances — Restricted - Prior Year Encumbrances — Restricted - Trust Debt Service — Total Fund Balance $ 100
OF INDEPENDENCE, MISSOURI
Comparison Schedule 23rd
Noland Project
For
2024 48
CITY
Budgetary
&
1 TIF
the Period Ended February 29,
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
23rd & Noland Project 2 TIF
For the Period Ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Taxes $ — — 15,469 15,469 0.00% -66.67% Investment Income (Loss) — — 72 72 0.00% -66.67% Other Revenue — — — — 0.00% -66.67% Total Revenues — — 15,541 15,541 0.00% -66.67% Expenditures: Tax Increment Financing — — 1 (1) 0.00% -66.67% Debt Service Principal — — 2,500 (2,500) 0.00% -66.67% Interest and Fiscal Agent Fees — — — — 0.00% -66.67% Debt Issuance Costs — — — — 0.00% -66.67% Total Expenditures — — 2,501 (2,501) 0.00% -66.67% Other Financing Uses: Issuance of Debt — — — — 0.00% -66.67% Reoffering Premium/Original Issue Discount — — — — 0.00% -66.67% Payment to Refund Loans Escrow Agent — — — — 0.00% -66.67% Transfers Out — — — — 0.00% -66.67% Total Other Financing Uses — — — — 0.00% -66.67% Total Expenditures and Other Financing Uses — — 2,501 (2,501) 0.00% -66.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ — — 13,040 13,040 Unassigned Fund Balance at Beginning of Year (1,395) Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Year-End Investment Market Value Adjustment — Unassigned Ending Fund Balance, 02/29/24 11,645 Other Fund Balance Components: Restricted - Current Year Encumbrances — Restricted - Prior Year Encumbrances — Restricted - Trust Debt Service — Total Fund Balance $ 11,645
49
CITY OF INDEPENDENCE, MISSOURI
23rd & Noland Project 3 TIF
For the Period Ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Taxes $ — — 33,267 33,267 0.00% -66.67% Investment Income (Loss) — — 341 341 0.00% -66.67% Other Revenue — — — — 0.00% -66.67% Total Revenues — — 33,608 33,608 0.00% -66.67% Expenditures: Tax Increment Financing — — 3 (3) 0.00% -66.67% Debt Service Principal — — — — 0.00% -66.67% Interest and Fiscal Agent Fees — — — — 0.00% -66.67% Debt Issuance Costs — — — — 0.00% -66.67% Total Expenditures — — 3 (3) 0.00% -66.67% Other Financing Uses: Issuance of Debt — — — — 0.00% -66.67% Reoffering Premium/Original Issue Discount — — — — 0.00% -66.67% Payment to Refund Loans Escrow Agent — — — — 0.00% -66.67% Transfers Out — — — — 0.00% -66.67% Total Other Financing Uses — — — — 0.00% -66.67% Total Expenditures and Other Financing Uses — — 3 (3) 0.00% -66.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ — — 33,605 33,605 Unassigned Fund Balance at Beginning of Year 9,490 Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Year-End Investment Market Value Adjustment — Unassigned Ending Fund Balance, 02/29/24 43,095 Other Fund Balance Components: Restricted - Current Year Encumbrances — Restricted - Prior Year Encumbrances — Restricted - Trust Debt Service — Total Fund Balance $ 43,095
Budgetary Comparison Schedule
50
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
23rd & Noland Project 4 TIF
For the Period Ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Taxes $ — — 420,024 420,024 0.00% -66.67% Investment Income (Loss) — — 5,708 5,708 0.00% -66.67% Other Revenue — — — — 0.00% -66.67% Total Revenues — — 425,732 425,732 0.00% -66.67% Expenditures: Tax Increment Financing — — 48 (48) 0.00% -66.67% Debt Service Principal — — — — 0.00% -66.67% Interest and Fiscal Agent Fees — — — — 0.00% -66.67% Debt Issuance Costs — — — — 0.00% -66.67% Total Expenditures — — 48 (48) 0.00% -66.67% Other Financing Uses: Issuance of Debt — — — — 0.00% -66.67% Reoffering Premium/Original Issue Discount — — — — 0.00% -66.67% Payment to Refund Loans Escrow Agent — — — — 0.00% -66.67% Transfers Out — — — — 0.00% -66.67% Total Other Financing Uses — — — — 0.00% -66.67% Total Expenditures and Other Financing Uses — — 48 (48) 0.00% -66.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ — — 425,684 425,684 Unassigned Fund Balance at Beginning of Year 95,116 Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Year-End Investment Market Value Adjustment — Unassigned Ending Fund Balance, 02/29/24 520,800 Other Fund Balance Components: Restricted - Current Year Encumbrances — Restricted - Prior Year Encumbrances — Restricted - Trust Debt Service — Total Fund Balance $ 520,800
51
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
Independence Square TIF
For the Period Ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Taxes $ — — 374,701 374,701 0.00% -66.67% Investment Income (Loss) — — 40,486 40,486 0.00% -66.67% Other Revenue — — — — 0.00% -66.67% Total Revenues — — 415,187 415,187 0.00% -66.67% Expenditures: Tax Increment Financing — — 141,733 (141,733) 0.00% -66.67% Debt Service Principal — — — — 0.00% -66.67% Interest and Fiscal Agent Fees — — — — 0.00% -66.67% Debt Issuance Costs — — — — 0.00% -66.67% Total Expenditures — — 141,733 (141,733) 0.00% -66.67% Other Financing Uses: Issuance of Debt — — — — 0.00% -66.67% Reoffering Premium/Original Issue Discount — — — — 0.00% -66.67% Payment to Refund Loans Escrow Agent — — — — 0.00% -66.67% Transfers Out — — — — 0.00% -66.67% Total Other Financing Uses — — — — 0.00% -66.67% Total Expenditures and Other Financing Uses — — 141,733 (141,733) 0.00% -66.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ — — 273,454 273,454 Unassigned Fund Balance at Beginning of Year 973,886 Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Year-End Investment Market Value Adjustment — Unassigned Ending Fund Balance, 02/29/24 1,247,340 Other Fund Balance Components: Restricted - Current Year Encumbrances — Restricted - Prior Year Encumbrances — Restricted - Trust Debt Service — Total Fund Balance $ 1,247,340
52
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
I-70 & Little Blue Parkway Project 1 TIF
For the Period Ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Taxes $ — — 1,633,942 1,633,942 0.00% -66.67% Investment Income (Loss) — — 12,910 12,910 0.00% -66.67% Other Revenue — — — — 0.00% -66.67% Total Revenues — — 1,646,852 1,646,852 0.00% -66.67% Expenditures: Tax Increment Financing — — 109 (109) 0.00% -66.67% Debt Service Principal — — 103,269 (103,269) 0.00% -66.67% Interest and Fiscal Agent Fees — — — — 0.00% -66.67% Debt Issuance Costs — — — — 0.00% -66.67% Total Expenditures — — 103,378 (103,378) 0.00% -66.67% Other Financing Uses: Issuance of Debt — — — — 0.00% -66.67% Reoffering Premium/Original Issue Discount — — — — 0.00% -66.67% Payment to Refund Loans Escrow Agent — — — — 0.00% -66.67% Transfers Out — — — — 0.00% -66.67% Total Other Financing Uses — — — — 0.00% -66.67% Total Expenditures and Other Financing Uses — — 103,378 (103,378) 0.00% -66.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ — — 1,543,474 1,543,474 Unassigned Fund Balance at Beginning of Year 553,034 Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Year-End Investment Market Value Adjustment — Unassigned Ending Fund Balance, 02/29/24 2,096,508 Other Fund Balance Components: Restricted - Current Year Encumbrances — Restricted - Prior Year Encumbrances — Restricted - Trust Debt Service — Total Fund Balance $ 2,096,508
53
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
I-70 & Little Blue Parkway Project 3 TIF
For the Period Ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Taxes $ — — 296,110 296,110 0.00% -66.67% Investment Income (Loss) — — 3,166 3,166 0.00% -66.67% Other Revenue — — — — 0.00% -66.67% Total Revenues — — 299,276 299,276 0.00% -66.67% Expenditures: Tax Increment Financing — — 24 (24) 0.00% -66.67% Debt Service Principal — — 8,551 (8,551) 0.00% -66.67% Interest and Fiscal Agent Fees — — — — 0.00% -66.67% Debt Issuance Costs — — — — 0.00% -66.67% Total Expenditures — — 8,575 (8,575) 0.00% -66.67% Other Financing Uses: Issuance of Debt — — — — 0.00% -66.67% Reoffering Premium/Original Issue Discount — — — — 0.00% -66.67% Payment to Refund Loans Escrow Agent — — — — 0.00% -66.67% Transfers Out — — — — 0.00% -66.67% Total Other Financing Uses — — — — 0.00% -66.67% Total Expenditures and Other Financing Uses — — 8,575 (8,575) 0.00% -66.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ — — 290,701 290,701 Unassigned Fund Balance at Beginning of Year 15,938 Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Year-End Investment Market Value Adjustment — Unassigned Ending Fund Balance, 02/29/24 306,639 Other Fund Balance Components: Restricted - Current Year Encumbrances — Restricted - Prior Year Encumbrances — Restricted - Trust Debt Service — Total Fund Balance $ 306,639
54
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
Marketplace Project 1 TIF
For the Period Ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Taxes $ — — 130,609 130,609 0.00% -66.67% Investment Income (Loss) — — 319 319 0.00% -66.67% Other Revenue — — — — 0.00% -66.67% Total Revenues — — 130,928 130,928 0.00% -66.67% Expenditures: Tax Increment Financing — — 4 (4) 0.00% -66.67% Debt Service Principal — — 49,244 (49,244) 0.00% -66.67% Interest and Fiscal Agent Fees — — 109,256 (109,256) 0.00% -66.67% Debt Issuance Costs — — — — 0.00% -66.67% Total Expenditures — — 158,504 (158,504) 0.00% -66.67% Other Financing Uses: Issuance of Debt — — — — 0.00% -66.67% Reoffering Premium/Original Issue Discount — — — — 0.00% -66.67% Payment to Refund Loans Escrow Agent — — — — 0.00% -66.67% Transfers Out — — — — 0.00% -66.67% Total Other Financing Uses — — — — 0.00% -66.67% Total Expenditures and Other Financing Uses — — 158,504 (158,504) 0.00% -66.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ — — (27,576) (27,576) Unassigned Fund Balance at Beginning of Year 57,563 Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Year-End Investment Market Value Adjustment — Unassigned Ending Fund Balance, 02/29/24 29,987 Other Fund Balance Components: Restricted - Current Year Encumbrances — Restricted - Prior Year Encumbrances — Restricted - Trust Debt Service — Total Fund Balance $ 29,987
55
CITY OF INDEPENDENCE, MISSOURI
Budgetary Comparison Schedule
Marketplace Project 2 TIF
For the Period Ended February 29, 2024
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Taxes $ — — 157,607 157,607 0.00% -66.67% Investment Income (Loss) — — 453 453 0.00% -66.67% Other Revenue — — — — 0.00% -66.67% Total Revenues — — 158,060 158,060 0.00% -66.67% Expenditures: Tax Increment Financing — — 693 (693) 0.00% -66.67% Debt Service Principal — — 37,845 (37,845) 0.00% -66.67% Interest and Fiscal Agent Fees — — 90,155 (90,155) 0.00% -66.67% Debt Issuance Costs — — — — 0.00% -66.67% Total Expenditures — — 128,693 (128,693) 0.00% -66.67% Other Financing Uses: Issuance of Debt — — — — 0.00% -66.67% Reoffering Premium/Original Issue Discount — — — — 0.00% -66.67% Payment to Refund Loans Escrow Agent — — — — 0.00% -66.67% Transfers Out — — — — 0.00% -66.67% Total Other Financing Uses — — — — 0.00% -66.67% Total Expenditures and Other Financing Uses — — 128,693 (128,693) 0.00% -66.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ — — 29,367 29,367 Unassigned Fund Balance at Beginning of Year 34,512 Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Year-End Investment Market Value Adjustment — Unassigned Ending Fund Balance, 02/29/24 63,879 Other Fund Balance Components: Restricted - Current Year Encumbrances — Restricted - Prior Year Encumbrances — Restricted - Trust Debt Service — Total Fund Balance $ 63,879
56
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Taxes $ — — 31,734 31,734 0.00% -66.67% Investment Income (Loss) — — 86 86 0.00% -66.67% Other Revenue — — — — 0.00% -66.67% Total Revenues — — 31,820 31,820 0.00% -66.67% Expenditures: Tax Increment Financing — — — — 0.00% -66.67% Debt Service Principal — — — — 0.00% -66.67% Interest and Fiscal Agent Fees — — — — 0.00% -66.67% Debt Issuance Costs — — — — 0.00% -66.67% Total Expenditures — — — — 0.00% -66.67% Other Financing Uses: Issuance of Debt — — — — 0.00% -66.67% Reoffering Premium/Original Issue Discount — — — — 0.00% -66.67% Payment to Refund Loans Escrow Agent — — — — 0.00% -66.67% Transfers Out — — — — 0.00% -66.67% Total Other Financing Uses — — — — 0.00% -66.67% Total Expenditures and Other Financing Uses — — — — 0.00% -66.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ — — 31,820 31,820 Unassigned Fund Balance at Beginning of Year — Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Year-End Investment Market Value Adjustment — Unassigned Ending Fund Balance, 02/29/24 31,820 Other Fund Balance Components: Restricted - Current Year Encumbrances — Restricted - Prior Year Encumbrances — Restricted - Trust Debt Service — Total Fund Balance $ 31,820 CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Hub Drive TIF For the Period Ended February 29, 2024 57
Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 66.67% of Year Budget Revenues: Taxes $ Property tax RSO - Cargo Largo — — 213 213 0.00% -66.67% Hartman Heritage — — 70,252 70,252 0.00% -66.67% Drumm Farm — — 44,852 44,852 0.00% -66.67% Eastland — — 182,280 182,280 0.00% -66.67% North Independence — — 1,942 1,942 0.00% -66.67% Mt Washington — — 108 108 0.00% -66.67% 23rd & Noland - Project 1 — — 2,558 2,558 0.00% -66.67% Sales tax RSO - Cargo Largo — — 210,055 210,055 0.00% -66.67% Santa Fe — — 728 728 0.00% -66.67% Hartman Heritage — — 121,754 121,754 0.00% -66.67% Drumm Farm — — 18,169 18,169 0.00% -66.67% Eastland — — 1,587,347 1,587,347 0.00% -66.67% North Independence — — 11,886 11,886 0.00% -66.67% Mt Washington — — 833 833 0.00% -66.67% 23rd & Noland - Project 1 — — 14,140 14,140 0.00% -66.67% Investment Income (Loss) — — 180,645 180,645 0.00% -66.67% Other Revenue — — (116,042) (116,042) 0.00% -66.67% Total Revenues — — 2,331,720 2,331,720 0.00% -66.67% Other Financing Sources: Transfers In — — 1,809 1,809 0.00% -66.67% Total Other Financing Sources — — 1,809 1,809 0.00% -66.67% Total Revenues and Other Financing Sources — — 2,333,529 2,333,529 0.00% -66.67% Expenditures: Tax Increment Financing — — 1,469 (1,469) 0.00% -66.67% Debt Service Principal — — — — 0.00% -66.67% Interest and Fiscal Agent Fees — — — — 0.00% -66.67% Debt Issuance Costs — — — — 0.00% -66.67% Total Expenditures — — 1,469 (1,469) 0.00% -66.67% Other Financing Uses: Issuance of Debt — — — — 0.00% -66.67% Reoffering Premium/Original Issue Discount — — — — 0.00% -66.67% Payment to Refund Loans Escrow Agent — — — — 0.00% -66.67% Transfers Out — — 10,615 — 0.00% -66.67% Total Other Financing Uses — — 10,615 — 0.00% -66.67% Total Expenditures and Other Financing Uses — — 12,084 (1,469) 0.00% -66.67% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ — — 2,321,445 2,321,445 Unassigned Fund Balance at Beginning of Year 6,843,411 Cancellation of Prior Year Encumbrances — Change in Other Fund Balance Components During the Year — Year-End Investment Market Value Adjustment — Unassigned Ending Fund Balance, 02/29/24 9,164,856 Other Fund Balance Components: Restricted - Current Year Encumbrances — Restricted - Prior Year Encumbrances — Restricted - Trust Debt Service — Total Fund Balance $ 9,164,856 CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule TIF Supplemental Appropriation Fund For the Period Ended February 29, 2024 58