Monthly Financial Report
SnapShot
20
16
SEP
Citywide Revenues & Expenditures 2-3 General Fund Revenues & Expenditures 4-5 Capital Projects 5 Tax Totals &Comparison 6-7 Flood Update 8-9 Geo Codes &
Sales Tax SIC 10-12 Health Care Claims 13 Activity Measures 14 Rialto Quarterly Report 15
Citywide Revenue, excluding transfers between funds,
$215.0 million (2.4% under budget projections)
Sales & Use Tax Collection, $36.1 million (2.3% above
budget projections)
Citywide Expenditures, excluding transfers between funds, $206.2 million
(29.2% below budget projections)
Citywide Revenues exceed Expenditures by $8.8 million; Citywide Operating
Revenues exceed Operating Expenditures by $46.2 million.
General Fund Revenue, excluding transfers between funds, $69.3 million (3.8%
above budget projections)
General Fund Expenditures, excluding transfers between funds, $56.1 million,
(4.7% below budget projections)
General Fund Revenues (including transfers) exceed Expenditures (including
transfers) by $1.5 million; General Fund Year-to-Date Operating Revenues
(excluding transfers) exceed Fund Year-to-Date Operating Expenditures
(excluding transfers and capital) by $13.2 million.
Sales / Use Tax Basics
September 2016
Sales Tax
Vehicle Use
Motor
Tax
Building
Materials
Use Tax
Combined
Budget 2016
$ 31,688,600 $ 1,814,087 $ 1,817,622 $ 35,320,309Actual 2016
31,468,857 2,609,433 2,062,293 36,140,584% of Budget
99.3% 143.8% 113.5% 102.3%Actual 2015
$ 30,597,949 $ 2,455,576 $ 2,631,285 $ 35,684,810Change from prior yr
2.8% 6.3% -21.6% 1.3%City of Loveland • 500 East 3rd Street • Loveland, CO 80537 • (970) 962 - 2300
“Loveland: a vibrant community…surrounded
by natural beauty…
Citywide Revenues & Expenditures
Special Revenue Funds: Community Development Block Grant, Cemetery, Local Improvement District, Lodging Tax, Affordable Housing, Seizure & Forfeitures, Transit, Transportation.
Other Entities Fund: Special Improvement District #1, Airport, General Improvement District #1, Loveland Urban Renewal Combined Statement of Revenues and Expenditures
September 2016
REVENUE Current Month YTD Actual YTD Revised Budget % of Budget General Governmental 1 General Fund $ 6,879,542 $ 69,321,778 $ 66,765,345 103.8% 2 Special Revenue 625,103 6,536,932 8,745,934 74.7%1 3 Other Entities 1,128,840 26,460,999 25,242,925 104.8% 4 Internal Service 1,620,820 14,981,239 14,269,716 105.0% 5 Subtotal General Govt Operations 10,254,304 117,300,948 115,023,920 102.0%
6 Capital Projects 835,566 9,890,412 6,613,897 149.5% Enterprise Fund
7 Water & Power 9,190,419 74,571,579 85,478,515 87.2%2 8 Stormwater 500,756 4,679,433 4,362,112 107.3% 9 Golf 441,017 3,430,871 3,653,645 93.9%3 10 Solid Waste 597,766 5,140,408 5,274,691 97.5%
11 Subtotal Enterprise 10,729,957 87,822,291 98,768,963 88.9% 12 Total Revenue $ 21,819,827 $ 215,013,651 $ 220,406,780 97.6%
Prior Year External Revenue 205,549,535 Increase From Prior Year 4.6%
13 Internal Transfers 1,576,265 17,051,649 40,648,100 41.9% 14 Grand Total Revenues $ 23,396,093 $ 232,065,300 $ 261,054,880 88.9%
EXPENDITURES General Governmental 15 General Fund 5,340,913 54,167,612 55,234,057 98.1% 16 Special Revenue 884,129 8,450,509 10,120,941 83.5% 17 Other Entities 1,122,712 23,200,084 22,476,238 103.2% 18 Internal Services 1,652,518 13,058,716 16,282,870 80.2%
19 Subtotal General Gov't Operations 9,000,271 98,876,920 104,114,106 95.0% 20 Capital 6,670,604 47,262,238 111,518,050 42.4%
Enterprise Fund
21 Water & Power 3,145,365 51,416,209 64,917,544 79.2% 22 Stormwater 228,356 2,166,376 3,751,095 57.8% 23 Golf 262,935 2,458,306 2,737,301 89.8% 24 Solid Waste 437,852 4,014,867 4,323,919 92.9%
25 Subtotal Enterprise 4,074,508 60,055,759 75,729,859 79.3% 26 Total Expenditures $ 19,745,384 $ 206,194,917 $ 291,362,015 70.8%
Prior Year External Expenditures 197,982,675
Increase (-Decrease) From Prior Year 4.1%
27 Internal Transfers 1,576,265 17,051,649 42,573,624 40.1% 28 Grand Total Expenditures $ 21,321,649 $ 223,246,566 $ 333,935,639 66.9%
1
Revenue is lower than projected due to timing of when capital projects are done, and federal grants are drawn on those projects.
2
Revenue is lower than projected due to timing of transfers for interfund debt service payments.
3
Monthly Financial Report
SnapShot
City of Loveland
- 3 -
General Fund Revenue, excluding capital and transfers between funds, $69.3 million (3.8% above budget projections)
2.2% above 2015 YTD
General Fund Expenditures, excluding capital and transfers between funds, $54.2 million (1.9% below budget projections)
5.8% above 2015 YTD
Water & Power Revenue, excluding transfers between funds, $74.6 million (12.8% below budget projections) 3.3% above 2015 YTD
Water & Power Expenditures, excluding transfers between funds, $51.4 million (20.8% below budget projections) 3.0% below 2015 YTD
Other Entities Fund Revenue, excluding transfers between funds, $26.5 million (4.8% above budget projections) 17.5% above 2015 YTD
Other Entities Expenditures, excluding capital and transfers between funds, $23.2 million (3.2% above budget projections)
General Fund Revenue & Expenditures September 2016
REVENUES Current Month YTD Actual YTD Revised Budget % of Budget 1 Taxes 2 Property tax $ 55,579 $ 8,652,302 $ 8,434,205 102.6% 3 Sales tax 3,544,599 31,468,858 31,688,600 99.3% 4 Building use tax 182,173 2,062,293 1,817,622 113.5% 5 Auto use tax 319,018 2,609,433 1,814,087 143.8% 6 Other taxes 270,258 2,166,211 2,145,227 101.0% 7 Intergovernmental 282,058 644,331 283,965 226.9% 8 License & Permits
9 Building Permits 166,597 1,894,983 2,210,400 85.7%1 10 Other Permits 18,951 174,421 127,890 136.4% 11 Charges for Services 1,201,146 11,967,729 11,715,869 102.1% 12 Fines & Forfeitures 59,045 754,785 691,170 109.2% 13 Interest Income 33,361 329,562 246,330 133.8% 14 Miscellaneous 746,758 6,596,870 5,589,980 118.0% 15 Subtotal 6,879,542 69,321,778 66,765,345 103.8% 16 Interfund Transfers 6,850 86,650 86,650 100.0% 17 Total Revenue $ 6,886,392 $ 69,408,428 $ 66,851,995 103.8% EXPENDITURES Operating Expenditures 18 Legislative 9,123 114,568 110,560 103.6% 19 Executive & Legal 193,005 1,937,009 1,888,672 102.6% 20 City Clerk & Court Admin 35,219 469,458 520,018 90.3% 21 Economic Development 379,423 1,918,627 2,715,514 70.7% 22 Cultural Services 146,239 1,524,605 1,585,922 96.1% 23 Development Services 337,980 2,952,216 3,568,343 82.7%
24 Finance 354,748 3,724,891 3,895,533 95.6%
25 Fire & Rescue - - - 0.0% 26 Human Resources 85,626 891,592 943,835 94.5% 27 Information Technology 552,339 3,145,166 3,686,921 85.3%
28 Library 252,129 2,390,512 2,524,942 94.7%
29 Parks & Recreation 798,123 7,561,482 8,635,978 87.6%
30 Police 1,549,698 15,950,188 16,077,356 99.2%
31 Public Works 432,366 3,884,817 4,320,015 89.9% 32 Water/ Waste Operations - - - 0.0% 33 Non-Departmental 681,310 9,609,607 8,352,939 115.0%2 34 Subtotal Operating 5,807,329 56,074,737 58,826,546 95.3%
35 Internal Transfers 1,110,942 11,838,059 22,861,034 51.8% 36 Total Expenditures $ 6,918,270 $ 67,912,796 $ 81,687,580 83.1%
General Fund Revenues & Expenditures
1
Revenue is lower than projected due to less non-residential remodels and improvements.
Capital Projects $500,000+
SnapShot
City of Loveland
- 5 -
Project Title 2016 2016 Remaining 2016 % of 2016 Budget
Water Capital
WTP Phase II Expansion (38 MGD) $ 7,072,691 $ 6,217,657 $ 855,034 87.91% 2015 Water Line Replacement 934,633 560,259 374,374 59.94%
Raw Water Capital
Windy Gap Firming Project 4,341,660 1,438,658 2,903,002 33.14%
Wastewater Utility Capital
WWTP Expansion 27,101,493 1,176,144 25,925,349 4.34%
Southside Lift Station Improvements 1,716,631 478,027 1,238,604 27.85% Lakeside Terrace & Boedecker Lift Station 556,637 529,183 27,454 95.07%
Power Capital
Phase 2 of Canyon Voltage Conversion - Galde Rd to WTP 754,250 657,407 96,843 87.16% OH to UG conversion Circuit 411 555,660 - 555,660 0.00% OH to UG conversion 29th St - Madison to Hwy 287 750,000 33,074 716,926 4.41% OH to UG conversion - RR tracks N of 10th 1,400,000 - 1,400,000 0.00% OH to UG conversion - Downtown Catalyst 1,400,000 4,364 1,395,636 0.31% Land purchase for new substation 1,700,000 - 1,700,000 0.00% Transfer load from 1012-621 - Crossroads to Fairgrounds 950,000 10,424 939,576 1.10% Install 750 AL - Crossroads Sub N. to CR30, E. to I-25 1,000,000 - 1,000,000 0.00% Extend feeders - Crossroads C2 into system 700,000 - 700,000 0.00%
Foothills Solar Field 5,100,000 4,788,984 311,016 93.90%
OH to UG Circuit 314 from 71st along Garfield to 29th 857,735 80,616 777,119 9.40% FEMA Alt Project Foothills Substation 4,000,000 - 4,000,000 0.00% New Switchgear & Transformer @ Crossroads Substation 600,000 508,305 91,695 84.72% Build Out of Available Space 821,668 794,601 27,067 96.71% Stormwater Capital
2016 Stormwater Maintenance & Asset Mgmt Pjts 577,448 17,448 560,000 3.02% Benson Park Culvert Improvements 772,300 1,320 770,980 0.17% Airport Basin North Outfall 1,507,883 15,606 1,492,277 1.03% Streets Transportation Program
Boise & 37th Intersection Improvements
932,422 - 932,422 0.00%Boyd Lake Ave. @ Greeley Loveland
976,000 - 976,000 0.00%Taft Ave. @ Big Barnes Ditch
1,232,038 197,860 1,034,178 16.06%Boyd/US34 Signal & Intersection Improvements
1,649,040 14,492 1,634,548 0.88%Byrd Drive Extension
1,738,000 1,009,200 728,800 58.07%Railroad Ave. Flood Repairs FHWA@20038ER1
5,793,405 213,707 5,579,698 3.69% All OtherReplace General Spartan Engine 652,300 289,178 363,122 44.33% Viestenz-Smith Mountain Park Redevelopment 3,190,600 32,227 3,158,373 1.01% Museum Collections Storage Building 2,400,000 2,079,779 320,222 86.66% Wilson Pedestrian Bridge & Flood Trail Reconstruction 600,000 4,575 595,425 0.76% Fire Administration Building (FAB) Remodel 1,884,036 511,695 1,372,341 27.16% Airport - Snow Removal Equipment Building 1,252,549 1,115,390 137,159 89.05% Maintenance & Operation Center (MOC) Remodel 934,660 365,882 45,102 39.15% Mariana Butte Flood River & Bridge Enhancements 564,091 170,991 393,100 30.31% Open Lands Acquisition & Restoration 5,899,433 3,916,774 1,982,659 66.39% Neighborhood Park East 1,900,000 300,000 1,600,000 15.79%
Tax Totals and Comparisons
2014 2015 2016 2016 Budget + / - Budget Jan $ 4,801,433 $ 4,908,517 $ 4,950,022 5,026,356 -1.5% Feb 3,066,965 2,700,204 3,622,959 3,115,503 16.3% Mar 3,037,688 4,007,386 3,411,932 3,410,801 0.0% Apr 3,737,255 4,011,633 3,974,366 3,950,876 0.6% May 3,614,459 3,611,468 3,699,643 3,686,850 0.3% Jun 3,525,536 4,116,214 4,182,259 3,636,050 15.0% Jul 4,038,555 4,375,627 4,229,851 4,286,198 -1.3% Aug 3,962,915 3,783,694 4,023,763 4,104,437 -2.0% Sep 4,014,321 4,170,066 4,045,789 4,103,238 -1.4% Oct 3,974,590 4,102,720 4,138,714 Nov 3,919,205 3,572,713 3,898,651 Dec 3,763,933 3,894,616 3,933,615 $ 45,456,855 $ 47,254,859 $ 36,140,584 $47,291,289 YTD $ 33,799,127 $ 35,684,810 $ 36,140,584 $35,320,309 2.3%Sales & Use Tax
Retail Sales Tax
2014 2015 2016 2016 Budget + / - Budget Jan $ 4,531,650 $ 4,535,554 $ 4,365,416 4,697,419 -7.1% Feb 2,658,798 2,235,775 3,190,005 2,770,381 15.1% Mar 2,719,254 3,480,164 2,924,575 3,141,451 -6.9% Apr 3,317,905 3,521,350 3,504,812 3,596,856 -2.6% May 3,059,076 3,092,253 3,221,324 3,217,352 0.1% Jun 3,170,467 3,208,195 3,346,764 3,335,420 0.3% Jul 3,546,945 3,727,389 3,807,869 3,870,943 -1.6% Aug 3,241,521 3,389,010 3,563,493 3,495,655 1.9% Sep 3,374,248 3,408,259 3,544,599 3,563,123 -0.5% Oct 3,448,473 3,642,285 3,693,841 Nov 3,077,404 3,034,997 3,289,036 Dec 3,246,097 3,486,297 3,495,655 $39,391,838 $40,761,528 $31,468,857 $42,167,132 YTD $29,619,864 $30,597,949 $31,468,857 $31,688,600 -0.7%
Monthly Financial Report
SnapShot
City of Loveland
- 7 -
Building Materials Use Tax
2014 2015 2016 2016 Budget + / - Budget Jan $ 57,942 $ 114,444 $ 207,531 $ 148,689 39.6% Feb 173,295 221,517 175,706 145,302 20.9% Mar 120,768 261,500 178,825 101,202 76.7% Apr 217,134 200,708 229,024 182,010 25.8% May 293,543 248,738 174,935 246,503 -29.0% Jun 136,432 651,849 578,163 114,457 405.1% Jul 253,077 358,806 119,024 212,345 -43.9% Aug 417,801 111,575 216,913 350,509 -38.1% Sep 377,319 462,146 182,173 316,605 -42.5% Oct 222,297 182,690 186,343 Nov 551,682 223,788 362,672 Dec 217,712 203,069 182,520 $3,039,002 $3,240,831 $2,062,293 $2,549,157 YTD $2,047,311 $2,631,285 $2,062,293 $1,817,622 13.5%
Motor Vehicle Use Tax
2014 2015 2016 2016 Budget + / - Budget Jan $ 211,841 $ 258,519 $ 377,075 180,248 109.2% $ Feb 234,872 242,911 257,248 199,820 28.7% Mar 197,666 265,721 308,532 168,148 83.5% Apr 202,216 289,575 240,529 172,010 39.8% May 261,840 270,477 303,384 222,995 36.0% Jun 218,637 256,170 257,333 186,173 38.2% Jul 238,533 289,432 302,958 202,910 49.3% Aug 303,593 283,109 243,356 258,273 -5.8% Sep 262,754 299,661 319,018 223,510 42.7% Oct 303,820 277,746 258,530 Nov 290,119 313,928 246,943 Dec 300,124 205,249 255,440 $3,026,015 $3,252,500 $2,609,433 $2,575,000 YTD $2,131,952 $2,455,576 $2,609,433 $1,814,087 43.8%
Lodging / Building Comparisons
Lodging Tax Revenue received in 2016 is at $662,329 year-to-date. 1.3% higher than 2015 YTD
Monthly Flood Update
SnapShot
City of Loveland
- 9 -
Cost Estimates
Emergency Response
$ 2,000,000
Business Assistance
600,000
Capital
27,906,129
Total
$ 30,506,129
Actual Expenditures
September
To Date
Total
$ 25,789 $ 27,670,399
Reimbursements Applied For
September
To Date
FEMA
$ 460,746 $ 16,271,737
CIRSA
- 7,119,891
Other
1,247,127
Total
$ 460,746 $ 24,638,755
Reimbursements Received
September
To Date
FEMA
$ 23,372 $ 8,883,154
CIRSA
- $ 7,119,891
Other
$ 1,247,127
Total
$ 23,372 $ 17,250,171
Geographical Codes
(1) Refers to sales tax remitted by vendors who are located outside of the City but make sales to customers within Loveland.
Geographical Area
YTD 2016
YTD 2015
Change
South East Loveland
$ 7,465,496 $ 7,340,129
1.7%
North West Loveland
3,261,264
3,155,130
3.4%
Centerra
2,974,248
2,969,946
0.1%
North East Loveland
2,701,028
2,509,936
7.6%
Orchards Shopping Center
2,127,727
1,961,079
8.5%
Promenade Shops
1,880,726
2,029,076
-7.3%
Thompson Valley Shopping Center
1,614,202
1,545,656
4.4%
South West Loveland
1,238,336
1,178,189
5.1%
Outlet Mall
1,082,443
1,107,028
-2.2%
Downtown
990,428
950,474
4.2%
The Ranch
624,709
603,167
3.6%
Columbine Shopping Center
566,032
545,752
3.7%
Airport
530,569
429,229
23.6%
All Other Areas
(1)
4,411,649
4,273,158
3.2%
Geographical Codes
SnapShot
City of Loveland
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N
W E
Sales Tax Collections
Description YTD 2016 YTD 2015 $ Change % Change %of Total Total %Department Stores & General Merchandise
5,788,349 5,890,278$ (101,929)
-1.7% 18.4% 18.4%
Restaurants & Bars
4,238,071 4,103,759134,312
3.3% 13.5% 31.9%
Grocery Stores & Specialty Foods
3,467,147 3,194,032273,115
8.6% 11.0% 42.9%
Building Material & Lawn & Garden Supplies
2,663,445 2,437,602225,843
9.3%
8.5% 51.3%
Motor Vehicle Dealers, Auto Parts & Leasing
2,430,689 2,295,734134,955
5.9%
7.7% 59.1%
Clothing & Clothing Accessories Stores
2,050,536 2,197,905(147,369)
-6.7%
6.5% 65.6%
Utilities
1,515,963 1,524,899(8,936)
-0.6%
4.8% 70.4%
Sporting Goods, Hobby, Book & Music Stores
1,318,022 1,303,84514,177
1.1%
4.2% 74.6%
Used Merchandise Stores
1,125,697 1,076,92048,777
4.5%
3.6% 78.2%
Broadcasting & Telecommunications
871,029 988,218(117,189)
-11.9%
2.8% 80.9%
Beer, Wine & Liquor Stores
813,321 778,13335,188
4.5%
2.6% 83.5%
Consumer Goods & Commercial Equipment
Rental
770,881 665,036105,845
15.9%
2.4% 86.0%
Hotels, Motels & Other Accommodations
760,735 747,16113,574
1.8%
2.4% 88.4%
Electronics & Appliance Stores
554,984 464,98490,000
19.4%
1.8% 90.1%
Health & Personal Care Stores
524,773 518,3656,408
1.2%
1.7% 91.8%
Electronic Shopping & Mail-Order Houses
481,523 426,67154,852
12.9%
1.5% 93.3%
Furniture & Home Furnishing Stores
431,692 407,15024,542
6.0%
1.4% 94.7%
Gasoline Stations with Convenience Stores
333,585 330,6982,887
0.9%
1.1% 95.8%
Office Supplies, Stationery & Gift Stores
184,823 247,632(62,809)
-25.4%
0.6% 96.4%
All Other Categories
1,143,592 998,927144,665
14.5%
3.6% 100.0%
OAP
HRA
Total
Sept
749,974 169,396
919,370
YTD 6,751,595 1,518,835 8,270,430
Sept
831,029 132,217
963,246
YTD 6,339,088 1,938,943 8,278,032
Sept
(81,055)
37,179
(43,876)
Sept
-9.8%
28.1%
-4.6%
YTD
412,507 (420,109)
(7,602)
% YTD
6.5%
-21.7%
-0.1%
Health Care Claims
SnapShot
City of Loveland
- 13 -
Incurred claims are total expenses the City is obligated to pay for claims, including claims paid and unpaid. Paid claims are those claims that have been paid and reconciled through the bank to-date, which may not reflect Stop Loss reimbursements or other refunds.
OAP—Open Access Plan
HRA—Health Reimbursement Arrangement
C
hang
e
20
15
20
16
Claims Incurred
Comparison of YTD Claims Over $25k
September
2013
2014
2015
2016
# of claims
48 56 58 64YTD Cost of high claims $2,808,090 $4,718,459 $5,025,893 $5,039,665
2016 # of StopLoss claims: 5
Projected YTD Reimbursements: $343,238
Activity Measures
Measures
Sept 2014
Sept 2015
Sept 2016
2014 YTD
2015 YTD
2016 YTD
# of Building Permits
208 299 187 1,701 2,105 1,976Building Permit Valuations
$22,590,492 $30,793,773 $ 12,986,950 $ 173,341,106 $ 179,818,574 $ 178,819,379# of Certified Occupancies
30 83 46 181 476 519Net # of Sales Tax Licenses
14 15 30 (88) (31) 13New Residential Electric
Meter Sets
15 37 30 241 590 486# of Utility Bills Sent
37,137 37,986 38,829 331,863 338,015 345,568Rounds of Golf
12,590 14,483 13,280 95,144 101,296 96,173$ Average Health Claim
Costs/Emp.
$ 1,118 $ 1,343 $ 1,097 $ 1,360 $ 1,313 $ 1,232KWH Demand (kH)
123,900 127,931 115,282 1,007,272 1,010,470 995,892KWH Purchased (kwh)
62,968,608 64,267,628 58,569,216 510,079,446 573,691,065 555,978,810Gallons of Water Sold
462,067,181 626,697,702 581,293,241 2,830,473,362 2,775,565,871 3,026,785,336# of Workers' Comp Claims
2015
7 5 5 65 71 63$ of Workers' Comp Claims
Paid 2015
$ 52,093 $ 79,153 $ 16,937 $ 500,453 $ 405,165 $ 329,264# of Total Open Claims
21 16 15 Not Cumulative$ of Total Open Claims
259,290 349,255 566,335 Not Cumulative
Quarterly Rialto Report
SnapShot
City of Loveland
- 15 -
City of Loveland
Statement of Results of Operations for Rialto Theater Center
For Quarter Ending 9/30/2016
2016 YTD
Amount 2016 YTD Budget Budget % of 2015 YTD Change from Prior Year
Rialto Theater
Rialto Theater Revenues
Revenues from Operations 164,191 153,450 107.00% 145,286 13.01% Gifts/Donations 60,806 96,602 62.95% 20,000 204.03% Transfers from Lodging Tax Fund 25,000 25,000 100.00% 25,000 0.00%
Total Rialto Theater Revenues 249,998 275,052 90.89% 190,286 31.38% Rialto Theatre Expenses
Personnel Costs 248,817 213,240 116.68% 221,848 12.16% Supplies 19,472 18,268 106.60% 12,747 52.76% Purchased Services 137,489 169,809 80.97% 132,544 3.73% Capital Outlay 49,990 50,000 0.00% 29,192 71.25%
Total Direct Costs 455,768 451,317 100.99% 396,331 15.00%
Administrative Allocations 137,700 137,700 100.00% 114,270 20.50%
Total Rialto Theater Expenses 593,468 589,017 100.76% 510,601 16.23% Rialto Theater Net Income (Loss) (343,471) (313,965) 109.40% (320,314) 7.23%
Rialto Event Center
Rialto Event Center Revenues
Revenues from Operations 15,478 12,510 123.73% 11,614 33.27% Gifts/Donations - - 0.00% - 0.00%
Total Event Center Revenues 15,478 12,510 123.73% 11,614 33.27% Rialto Event Center Expenses
Personal Services 14,397 22,360 64.39% 19,715 -26.98% Supplies 134 660 20.23% 45 196.73% Purchased Services 32,467 38,890 0.00% 2,959 997.39% Capital Outlay - - 0.00% - 0.00%
Total Rialto Event Center Expenses 46,998 61,910 75.91% 22,719 106.87% Rialto Event Center Net Income (Loss) (31,520) (49,400) 63.80% (11,105) 183.84% Grand Total Rialto Theater Center Revenues 265,476 287,562 92.32% 201,900 31.49% Grand Total Rialto Theater Center Expenses 640,466 650,927 98.39% 533,320 20.09% Rialto Theater Center Net Income (Loss) (374,990) (363,365) 103.20% (331,419) 13.15%
SnapShot
September 2016
For more information regarding this report contact: Brent Worthington
Financial Sustainability
Strategies Can Be
Found At:
CityofLoveland.org
Departments
Finance
Administration
Financial Reports
Financial
Sustainability
Strategies
The City of Loveland is committed to providing an equal opportunity for
citizens and does not discriminate on the basis of disability, race, color, national
origin, religion, sexual orientation or gender. The City will make reasonable
accommodations for citizens in accordance with the Americans with Disabilities
Act. For more information, please contact the City’s ADA Coordinator at
