HomeMy WebLinkAboutItem 12 Fiscal Year 2013-14 Springfield City Budget Adoption AGENDA ITEM SUMMARY Meeting Date: 6/17/2013
Meeting Type: Regular Meeting
Staff Contact/Dept.: Bob Duey/Finance
Staff Phone No: 541.726.3740
Estimated Time: 10 Minutes
S P R I N G F I E L D
C I T Y C O U N C I L
Council Goals: Provide Financially
Responsible and
Innovative Government
Services
ITEM TITLE:
FISCAL YEAR 2013/14 SPRINGFIELD CITY BUDGET ADOPTION
ACTION
REQUESTED:
1. Conduct a public hearing on the Fiscal Year 2013/14 City budget.
2. Adopt/Not Adopt the following: A RESOLUTION ADOPTING THE
FISCAL YEAR 2013/14 SPRINGFIELD CITY BUDGET, MAKING
APPROPRIATIONS AND LEVYING A PROPERTY TAX.
ISSUE
STATEMENT:
The City Council is requested to hold a public hearing on Fiscal Year 2013/14
(FY14) to approve City Budget, and approve a resolution to adopt the Fiscal Year
2013/14 City budget, making appropriations and levy a property tax.
ATTACHMENTS:
1. Council Briefing Memorandum
2. Resolution
DISCUSSION/
FINANCIAL
IMPACT:
See attached Council Briefing Memorandum
M E M O R A N D U M City of Springfield
Date: 6/4/2013
To: Gino Grimaldi
COUNCIL
From: Bob Duey, Finance Director
BRIEFING
Subject: Fiscal year 2013/14 City Budget Adoption
MEMORANDUM
ISSUE:
The City Council is requested to hold a public hearing on the Fiscal Year 2013/14 (FY14) Approved City
Budget, and approve a resolution to adopt the Fiscal Year 2013/14 City Budget, make appropriations, and
levy a property tax.
COUNCIL GOALS/
MANDATE:
Provide Financially Responsible and Innovative Government Services
City of Springfield budget process is governed by the Oregon’s Revised Statues 294. The budget process
develops an annual financial plan for the City of Springfield’s spending agencies and citizens that
accurately depicts and measures anticipated revenues and expenditures in order to support the City’s
objectives maintain financial stability and comply with statutory requirements.
BACKGROUND:
The Budget Committee finalized its review of the FY14 Proposed Budget on May 21, 2013 and made
certain changes to the budget proposed. The resulting action created the FY14 Approved Budget for
Council consideration. Oregon Budget Law requires that the City Council hold a public hearing prior to
any action on the adoption of the Approved Budget. Oregon Budget Law also allows the City Council to,
within guidelines; adopt changes made to the budget approved by the City’s Budget Committee. These
guidelines include being able to increase total expenditures within a fund by not more than $5,000 or 10%
of the estimated expenditures to the fund (whichever is greater). There is no limit on the amount by which
a fund can be reduced.
This memo summarizes the revisions to the Proposed Budget made by the Budget Committee in
formulating the Committee’s Approved Budget.
The FY14 Approved Budget in the amount of $308,241,848 is as follows:
City of Springfield Fiscal Year 2013/14 Appropriations (All Funds)
Personal Services $ 48,207,101
Materials and Services 40,962,769
Capital Outlay 2,198,418
Capital Projects 28,658,694
Contingency 600,000
Unappropriated Ending Fund Balance 514,495
Reserves 137,107,999
Interfund Transfers 22,174,059
Debt Service 17,040,246
Special Payments/Statutory Payments 10,778,067
TOTAL APPROPRIATIONS – ALL FUNDS $ 308,241,848
MEMORANDUM 6/13/2013 Page 2
RECOMMENDED ACTION:
A. Adjustments and Changes to the FY14 Proposed Budget
The City’s Proposed Budget totaled $307,136,848 and 406.69 FTE. At the May 21, 2013 Budget
Committee meeting, the Committee approved the FY14 Proposed Budget with the specific changes
identified below. These changes increased operating expenditures by $1,104,424 with new revenue and
reducing reserves.
Lane Regional Air Protection Agency
The Budget Committee approved funding for LRAPA’s grant match; this change will appear in the City
Manager’s Office budget. The source of the funds is a decrease in General Fund reserves.
Requested Action
Fund 100 Increase expenditure LRAPA 21,224
Decrease General Fund Reserves (21,224)
Holiday Lights
The Budget Committee increased funding for Holiday Lights; this change will appear in the City
Manager’s Office budget. The source of the funds is a decrease in Transient Room Tax Fund reserves.
Requested Action
Fund 208 Increase expenditure Program Expense 3,200
Decrease Transient Room Tax Fund Reserves (3,200)
Metro Partnership
The Budget Committee corrected funding for Metro Partnership; this change will appear in the City
Manager’s Office budget. The source of the funds is a decrease in General Fund reserves
Requested Action
Fund 100 Increase expenditure Metro Partnership 25,000
Decrease General Fund Reserves (21
(25,000)
SDC Transportation
The Budget Committee established necessary funds for the updated SDC Transportation study. The
source of the funds is a decrease in SDC Transportation Improvement Fund reserves
Requested Action
Fund 719 Increase revenue Transfer from F447 30,000
Increase expenditure Contractual Services (21
30,000
Fund 447 Increase expenditure Transfer to F719 30,000
Decrease SDC Transportation Improvement Reserves (21
(30,000)
Olympic Trials
The Budget Committee corrected funding in the City Manager’s Office budget for the Olympic Trials that
was budgeted in error. This correction will increase the Transient Room Tax Fund reserves
Requested Action
Fund 208 Decrease expenditure Olympic Trials (50,000)
Increase Transient Room Tax Fund Reserves 50,000
MEMORANDUM 6/13/2013 Page 3
Fuel Facility
The Budget Committee created funding for the Regional Fuel Facility as requested by the City’s auditors.
In the past the fuel facility activity was recorded through the Agency fund and all activity washed through
a liability account. The source of the funds is new revenue.
Requested Action
Fund 713 Increase expenditure Gasoline & Oil 1,056,000
Increase expenditure Fuel Facility 15,000
Increase expenditure SUB 4,000
Increase revenue Internal Fuel Revenue 500,000
Increase revenue Fuel Sales Wilamalane 84,000
Increase revenue Fuel Sales Rainbow Water 18,000
Increase revenue Fuel Sales Springfield School District 19 473,000
B. Total City FY14 Approved Budget
The result of the actions noted above is an Approved Budget totaling 406.69 FTE and $308,241,848 in
resources and requirements.
C. Additional Information
As discussed, Oregon Budget Law does also allow the City Council to within guidelines adopt changes
made to the budget approved by the City’s Budget Committee. These guidelines include being able to
increase total expenditures within a fund by not more than $5,000 or 10% of the estimated expenditures to
the fund (whichever is greater). There is no limit on the amount by which a fund can be reduced.
ACTIONS REQUESTED
The Council is requested to:
1. Hold a public hearing on the Fiscal Year 2013/14 City budget.
2. Adopt a budget by Resolution. The Council may adopt, by resolution, the budget presented this
evening as approved by the Budget Committee or adopt a budget resolution that reflects the
budget approved by the Budget Committee with other changes the Council may identify.
If changes are made by the Council following the public hearing, a revised resolution will be prepared and
submitted to the Mayor for signature.
Attachment 2 Page 1 of 2
Resolution No. ________
A RESOLUTION ADOPTING THE FISCAL YEAR 2013/14 SPRINGFIELD CITY BUDGET,
MAKING APPROPRIATIONS, AND LEVYING A PROPERTY TAX.
WHEREAS, starting on April 30, 2013, and ending on May 21, 2013, the Budget Committee met and
reviewed the proposed 2013/14 City budget; and
WHEREAS, on May 21, 2013, the Budget Committee recommended approval of the 2013/14 City budget
for Council adoption; and
WHEREAS, on June 17, 2013, the City Council held a public hearing on the approved budget.
WHEREAS, the City Council of the City of Springfield finds that Adopting the Budget and Making
Appropriations is necessary under ORS 294.305 to 294.565.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
SPRINGFIELD, A Municipal Corporation of the State of Oregon, as follows:
Section 1. The City budget for the City of Springfield for the fiscal year beginning July 1, 2013,
and ending June 30, 2014, as approved by the City of Springfield Budget Committee in the total
amount of $308,241,848 is hereby adopted.
Section 2. The adopted appropriations, for the fiscal year beginning July 1, 2013, and ending
June 30, 2014, as set forth in Exhibit “A” is hereby adopted.
City of Springfield Fiscal Year 2012/13 Appropriations (All Funds)
Personal Services $ 48,207,101
Materials and Services 40,962,769
Capital Outlay 2,198,418
Capital Projects 28658694
Contingency 600,000
Un-appropriated Ending Fund Balance 514,495
Reserves 137,107,999
Inter-fund Transfers 22,174059
Debt Service 17,040,246
Special Payments/Statutory Payments 10,778,067
TOTAL APPROPRIATIONS – ALL FUNDS $ 308,241,848
Section 3. BE IT RESOLVED that the City Council of the City of Springfield hereby imposes the
taxes provided for in the adopted budget at the permanent tax rate of $4.7403 per thousand of
assessed value for operations , a rate of $0.36 for the voter approved four year Local Option operating
levy for fire operations, a rate of $1.28 for the voter approved four year Local Option operating levy
for police, court and jail operations; and in the amount of $3,389,306 for bonds; and that these taxes
are hereby imposed and categorized for tax year 2013/14 upon the assessed value of all taxable
property within the district.
Resolution No. _______
Attachment 2 Page 2 of 2
Funds
Subject to the General
Government Limitation
Excluded from the
Limitation
General Fund $ 4.7403/$1,000
Fire Local Option Levy $ 0.3600/$1,000
Police Local Option Levy $ 1.2800/$1,000
Bond Sinking Fund $ 3,389,306
Section 4. The City Manager of the City of Springfield is authorized and directed to certify the levy,
as authorized by law, with Lane County, Oregon Assessor and the Lane County, Oregon Clerk, and
will file a copy of the adopted budget with the Department of Revenue, State of Oregon.
Section 5. That the list of fund titles and numbers set forth in attached Exhibit “B “ is hereby
Adopted, and any fund numbers and fund titles in conflict herewith are hereby repealed.
Section 6. This resolution shall take effect upon adoption by the Council and approval by the Mayor.
Adopted by the Common Council of the City of Springfield this 17th day of June, 2013, by a vote of
_______ for and _______ against.
________________________________________
Mayor – Christine L. Lundberg
ATTEST:
________________________________________
City Recorder – Amy Sowa
Dollar Amount
General Fund - 100
Department Operating
City Manager's Office1,271,412$
Legal and Judicial1,427,087
Human Resources392,242
Finance 903,874
Information Technology1,391,062
Fire and Life Safety9,931,547
Police13,442,736
Library1,483,283
Development & Public Works2,222,042
Total Department Operating32,465,285$
Non-Departmental
Transfers751,635$
Debt Service230,715
Contingency600,000
Reserves7,189,393
Total Non-Departmental8,771,743$
Total General Fund41,237,028$
Street Fund - 201
Department Operating
Development & Public Works5,397,917$
Non-Departmental
Transfers100,000$
Reserves641,497
Total Non-Departmental741,497$
Total Street Fund6,139,414$
Jail Operations Fund - 202
Department Operating
Police2,855,191$
Non-Departmental
Reserves62,421
Total Jail Operations Fund2,917,612$
LEGAL APPROPRIATIONS LEVEL
Exhibit A - Page 1 of 10
Dollar Amount
Special Revenue Fund - 204
Department Operating
City Manager's Office15,730$
Police623,796
Library72,828
Total Department Operating712,354$
Non-Departmental
Transfers20,000$
Reserves448,123
Total Non-Departmental468,123$
Total Special Revenue Fund1,180,477$
Transient Room Tax Fund - 208
Department Operating
City Manager's Office186,967$
Library64,137
Development & Public Works112,198
Total Department Operating363,302$
Non -Departmental
Transfers542,850$
Reserves278,598
Total Non-Departmental821,448$
Total Transient Room Tax Fund1,184,750$
Community Development Fund - 210
Department Operating
Finance23,753
Development & Public Works756,993
Total Department Operating780,746$
Non -Departmental
Reserves142,600$
Total Community Development Fund923,346$
Exhibit A - Page 2 of 10
Dollar Amount
Building Code Fund - 224
Department Operating
Development & Public Works829,647$
Non -Departmental
Reserves24,096$
Total Building Fund853,743$
Fire Local Option Levy Fund - 235
Department Operating
Fire and Life Safety1,558,593$
Non -Departmental
Reserves364,272$
Total Fire Local Option Levy Fund1,922,865$
Police Local Option Levy Fund - 236
Department Operating
Legal and Judicial Services407,388$
Police 2,548,950
Total Department Operating2,956,338$
Non -Departmental
Transfers1,935,164$
Reserves1,414,492
Total Non-Departmental3,349,656$
Total Police Local Option Levy Fund6,305,994$
Bancroft Redemption Fund - 305
Department Operating
Finance 17,479$
Non -Departmental
Transfers30,000$
Reserves65,799
Total Non-Departmental95,799$
Total Bancroft Redemption Fund113,278$
Exhibit A - Page 3 of 10
Dollar Amount
Bond Sinking Fund - 306
Non-Departmental
Debt Service3,287,968$
Unappropriated Ending Fund Balance514,495
Total Non-Departmental3,802,463$
Total Bond Sinking Fund3,802,463$
Regional Wastewater Debt Service Fund - 312
Non -Departmental
Debt Service7,711,426$
Total Regional Wastewater Debt Service Fund7,711,426$
Sanitary Sewer Capital Projects Fund - 409
Total Development & Public Works Capital Projects7,419,000$
Non -Departmental
Reserves7,867,653$
Total Sewer Capital Projects Fund15,286,653$
Reg.Wastewater Revenue Bond Cap. Projects Fund - 412
Total Development & Public Works Capital Projects10,469,756$
Non-Departmental
Reserves10,371,342
Total Reg. WW Revenue Bond Cap Projects Fund20,841,098$
Development Assessment Fund - 419
Department Operating
Finance105,758$
Non-Departmental
Transfers16,905$
Reserves1,002,604
Total Non-Departmental1,019,509$
Total Development Assessment Fund1,125,267$
Exhibit A - Page 4 of 10
Dollar Amount
Development Projects Fund - 420
Capital Projects
City Manager's Office30,000$
Development & Public Works194,007
Total Capital Projects224,007$
Non-Departmental
Transfers916,159$
Reserves3,198,286
Total Non-Departmental4,114,445$
Total Development Projects Fund4,338,452$
Storm Drainage Capital Fund - 425
Total Development & Public Works Capital Projects5,196,000$
Non-Departmental
Reserves10,055,128$
Total Drainage Capital Fund15,251,128$
Police Building Bond Cap Project - 428
Total Development & Public Works Capital Projects155,578$
Total Drainage Capital Fund155,578$
Regional Wastewater Capital Fund - 433
Department Operating
Development & Public Works1,039,532$
Total Development & Public Works Capital Projects2,987,226$
Non-Departmental
Reserves61,161,032$
Total Regional Wastewater Capital Fund65,187,790$
Street Capital Fund - 434
Total Development & Public Works Capital Projects133,000$
Non-Departmental
Reserves488,570$
Total Street Capital Fund621,570$
Exhibit A - Page 5 of 10
Dollar Amount
SDC Storm Drainage Improvement Fund - 440
Department Operating
Development & Public Works37,968$
Total Development & Public Works Capital Projects1,134,650$
Non-Departmental
Transfers25,649$
Reserves501,346
Total Non-Departmental526,995$
Total SDC Storm Drainage Improvement Fund1,699,613$
SDC Storm Drainage Reimbursement Fund - 441
Department Operating
Development & Public Works31,218$
Total Development & Public Works Capital Projects66,000$
Non-Departmental
Reserves3,046$
Total SDC Local Wastewater Reimb. Fund100,264$
SDC Sanitary Sewer Reimbursement Fund - 442
Department Operating
Development & Public Works161,148$
Total Development & Public Works Capital Projects54,000$
Non-Departmental
Reserves1,071,867$
Total SDC Local Wastewater Reimb. Fund1,287,015$
Exhibit A - Page 6 of 10
Dollar Amount
SDC Sanitary Sewer Improvement Fund - 443
Department Operating
Development & Public Works75,935$
Total Development & Public Works Capital Projects127,000$
Non-Departmental
Transfers45,662$
Reserves202,034
Total Non-Departmental247,696$
Total SDC Local Wastewater Improve. Fund450,631$
SDC Regional Wastewater Reimbursement Fund - 444
Department Operating
Development & Public Works2,000$
Non-Departmental
Transfers17,520$
Reserves233,548
Total Non-Departmental251,068$
Total SDC Regional WW Reimbursement Fund253,068$
SDC Regional Wastewater Improvement Fund - 445
Department Operating
Development & Public Works3,000$
Non-Departmental
Transfers1,400,000$
Reserves812,352
Total Non-Departmental2,212,352$
Total SDC Regional WW Improvement Fund2,215,352$
SDC Transportation Reimbursement Fund - 446
Department Operating
Development & Public Works37,968$
Non-Departmental
Transfers10,374$
Reserves24,072
Total Non-Departmental34,446$
Total SDC Transportation Reimbursement Fund72,414$
Exhibit A - Page 7 of 10
Dollar Amount
SDC Transportation Improvement Fund - 447
Department Operating
Development & Public Works130,775$
Total Development & Public Works Capital Projects442,477$
Non-Departmental
Transfers30,000$
Reserves667,015
Total Non-Departmental697,015$
Total SDC Transportation Improvement Fund1,270,267$
Sanitary Sewer Operations Fund - 611
Department Operating
Finance12,234$
Development & Public Works3,631,453
Total Department Operating3,643,687$
Non-Departmental
Transfers1,750,000$
Debt Service2,026,880
Reserves3,326,578
Total Non-Departmental7,103,458$
Total Sewer Operations Fund10,747,145$
Regional Wastewater Fund - 612
Department Operating
Finance117,202$
Development & Public Works16,230,591
Total Department Operating16,347,793$
Non-Departmental
Transfers12,811,426$
Debt Service1,358,543
Reserves11,874,914
Total Non-Departmental26,044,883$
Total Regional Wastewater Fund42,392,676$
Exhibit A - Page 8 of 10
Dollar Amount
Ambulance Fund - 615
Department Operating
Fire and Life Safety5,189,381$
Non-Departmental
Reserves103,336$
Total Ambulance Fund5,292,717$
Storm Drainage Operating Fund - 617
Department Operating
Finance12,234$
Development & Public Works4,838,069
Total Department Operating4,850,303$
Non-Departmental
Transfers1,540,000$
Debt Service705,375
Reserves1,984,025
Total Non-Departmental4,229,400$
Total Drainage Operating Fund9,079,703$
Booth-Kelly Fund - 618
Department Operating
Development & Public Works558,863$
Total Development & Public Works Capital Projects250,000$
Non-Departmental
Debt Service1,130,122$
Reserves422,750
Total Non-Departmental1,552,872$
Total Booth-Kelly Fund2,361,735$
Regional Fiber Consortium - 629
Department Operating
Development & Public Works46,100$
Non-Departmental
Reserves157,248$
Total Regional Fiber Consortium Fund203,348$
Exhibit A - Page 9 of 10
Dollar Amount
Insurance Fund - 707
Department Operating
Human Resources8,513,443$
Non-Departmental
Transfers230,715$
Special Payments/Miscellaneous Fiscal Transactions10,778,067
Reserves3,258,526
Total Non-Departmental14,267,308$
Total Insurance Fund22,780,751$
Vehicle and Equipment Fund - 713
Department Operating
City Manager's Office2,400$
Finance 3,600
Information Technology267,565
Fire and Life Safety98,000
Police233,000
Library1,500
Development & Public Works1,450,075
Total Department Operating2,056,140$
Non-Departmental
Debt Service589,217$
Reserves7,611,665
Total Non-Departmental8,200,882$
Total Vehicle and Equipment Fund10,257,022$
SDC Administration Fund - 719
Department Operating
Finance 19,536$
Development & Public Works580,888
Total Department Operating600,424$
Non-Departmental
Reserves77,771$
Total SDC Administration Fund678,195$
TOTAL RESOLUTION308,241,848$
Exhibit A - Page 10 of 10
City of Springfield Funds
BudgetNon Budget
Fund NumberFund TitleFundsFunds
100General FundReporting Fund
150GAAP General FundNon Reporting Fund
201Street FundReporting Fund
202Jail Operations FundReporting Fund
204Special Revenue FundReporting Fund
208Transient Room Tax FundReporting Fund
210Community Development FundReporting Fund
214Housing Rehab Revolving FundNon Reporting Fund
222Riverbend Development FundReporting Fund
224Building Code FundReporting Fund
229SEDA Glenwood General FundNon Reporting Fund
230SEDA Downtown General FundNon Reporting Fund
235Fire Local Option Levy FundReporting Fund
236Police Local Option Levy FundReporting Fund
251GAAP Street FundNon Reporting Fund
253GAAP Museum FundNon Reporting Fund
254GAAP Special Revenue FundNon Reporting Fund
258GAAP Transient Room Tax FundNon Reporting Fund
260GAAP Community Development FundNon Reporting Fund
264GAAP Housing Rehab Revolving FundNon Reporting Fund
272GAAP River Bend FundNon Reporting Fund
274GAAP Building Code FundNon Reporting Fund
279GAAP Regional Fiber Consortium FundNon Reporting Fund
285GAAP Fire LevyNon Reporting Fund
286GAAP Police LevyNon Reporting Fund
305Bancroft Redemption FundReporting Fund
306Bond Sinking FundReporting Fund
312Regional Wastewater Debt Service FundReporting Fund
355GAAP Bancroft FundNon Reporting Fund
356GAAP Bond Sinking FundNon Reporting Fund
409Sanitary Sewer Capital FundReporting Fund
412Regional Wastewater Revenue Bond Capital Projects FundReporting Fund
419Development Assessment Capital FundReporting Fund
420Development Projects FundReporting Fund
425Storm Drainage Capital FundReporting Fund
427G. O. Bond Capital Projects FundReporting Fund
428Police Building Bond Capital FundReporting Fund
429SEDA Glenwood Capital Projects FundNon Reporting Fund
430SEDA Downtown Capital Projects FundNon Reporting Fund
433Regional Wastewater Capital FundReporting Fund
434Street Capital FundReporting Fund
440SDC Storm Drainage Improvement FundReporting Fund
441SDC Storm Drainage Reimbursement FundReporting Fund
442SDC Sanitary Sewer Reimbursement FundReporting Fund
443SDC Sanitary Sewer Improvement FundReporting Fund
Exhibit B - Page 1 of 2
City of Springfield Funds
BudgetNon Budget
Fund NumberFund TitleFundsFunds
444SDC Regional Wastewater Reimbursement FundReporting Fund
445SDC Regional Wastewater Improvement FundReporting Fund
446SDC Transportation Reimbursement FundReporting Fund
447SDC Transportation Improvement FundReporting Fund
459GAAP Sewer Capital Projects FundNon Reporting Fund
466GAAP SDC ProjectsNon Reporting Fund
469GAAP Development Assessment FundNon Reporting Fund
470GAAP Development Projects FundNon Reporting Fund
477GAAP GO Bond Capital Projects FundNon Reporting Fund
483GAAP Regional Wastewater Capital FundNon Reporting Fund
484GAAP Street Capital FundNon Reporting Fund
485GAAP Street SDC FundNon Reporting Fund
486GAAP Sewer SDC FundNon Reporting Fund
487GAAP Regional Wastewater SDC FundNon Reporting Fund
611Sanitary Sewer Operations FundReporting Fund
612Regional Wastewater FundReporting Fund
615Ambulance FundReporting Fund
617Storm Drainage Operating FundReporting Fund
618Booth-Kelly FundReporting Fund
629Regional Fiber Consortium FundReporting Fund
661GAAP Sewer Operations FundNon Reporting Fund
662GAAP Regional Wastewater FundNon Reporting Fund
665GAAP Emergency Medical Services FundNon Reporting Fund
668GAAP Booth Kelly FundNon Reporting Fund
679GAAP Regional Fiber Consortium FundNon Reporting Fund
707Insurance FundReporting Fund
713Vehicle and Equipment FundReporting Fund
719SDC Administration FundReporting Fund
757GAAP Insurance FundNon Reporting Fund
763GAAP Vehicle and Equipment FundNon Reporting Fund
821Agency FundNon Reporting Fund
823Investment FundNon Reporting Fund
828Springfield Retirement Trust FundNon Reporting Fund
931General Fixed Asset Account GroupNon Reporting Fund
932General Long Term Debt AccountNon Reporting Fund
933GAAP Adjustment FundNon Reporting Fund
Non Reporting Funds are non budget reporting funds, and are utilized exclusively to create the City's Comprehensive
Annual Financial Report (CAFR).
Exhibit B - Page 2 of 2