The City had an overall favorable variance of approximately $31.4 million as compared to the expected results of operations for the six months ended March 31, 2018.  The use of a portion of this amount is restricted for specific purposes.  All funds contributed to the variance except the Debt Service Funds and the Building Fund.

It is important to note that this analysis was performed based on the unaudited results of operations.  For the most part, the report has been prepared on the cash basis of accounting and as a result, excludes budgeted amounts for prior year carryforwards and encumbrances (i.e. commitments to make future purchases).