This presentation represents the unaudited results of operations as compared to the expected results of operations through June 30, 2019 for all annually budgeted funds.

This document has been prepared using the cash basis of accounting for the most part and utilizing information that was available at the time of this report.

The City had an overall favorable variance of approximately $30.1 million as compared to the expected results of operations for the nine months ending June 30, 2019.  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 Alley Restoration Fund.

It is important to note that this analysis was performed 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, contingencies and encumbrances (commitments to make future purchases).