CFD FINANCIAL REPORT – MARCH 2016

Cash Flow

During the month of March the District received $103,117.65in current taxes & $4,224.56in prior year’s taxes. These funds were transferred into Local Government Investment Pool by the Clackamas County Treasurer’s Office. Contained in this report is a spreadsheet titled “General Fund – Total Revenue” that compares FY16 revenue collections to that of the prior two years (FY15 & FY14). Analysis indicates that the total amount of revenuecollected at the end of March is 3,960,921.17(97% of budget), which is $289,510.59 higher than that of FY15 and $427,250.01 higherthan that of FY14during the same time period.It should be noted that the revenue listed also includes $162,499.26 of URD Funds received from the City of Canby in the month of March.

General Fund

Cash Basis Accounting: The District finished the month of March with our Personnel Services category of the General Fund at 75% of budget expended which is 1% lower than that of FY15 and 2% higher than FY14. The Material and Services category is at 78% expendedwhich is 28% higherthanFY15 and20% higher thanFY14.It should be noted that the M&S % is prior to the Supplemental Budget which will accommodate the URD associated revenue and expense.

Investment Activity

The Oregon LGIP interest rate remained static at0.75% by the end of March. As a comparison the table below demonstrates the yields for other local government investment pools as of 03/31/2016.

State / Previous / Current / State / Previous / Current
Washington(LGIP) / 0.43% / 0.45% / Alaska(AMLIP) / 0.221% / 0.227%
Oregon(LGIP) / 0.75% / 0.75% / Idaho(LGIP) / 0.37% / 0.49%

Banking Summary

FOR PERIOD ENDING: / 03/31/2016 / TOTAL BALANCE:
Beginning Checking Balance / 03/01/2016 / $ 322,487.52
Current Deposits & Earnings / $ 512,906.19
Current Expenses / $ -365,232.97
ENDING CHECKING BALANCE / 03/31/2016 / $ 470,160.74
Local Government Investment Pool / 03/31/2016 / $ 1,333,847.70
Chaplain’s Fund / 03/31/2016 / $ 7,300.60
Good Faith Loan (GFL) Account / 03/31/2016 / $ 2,488.27
TOTAL AVAILABLE BALANCE / 03/31/2016 / $ 1,813,797.31
Beginning URD Balance / 03/01/2016 / $ 105,846.86
Current Deposits & Earnings / $ 162,499.26
Current Expenses / $ -211,873.00
ENDING URD FUND BALANCE / 03/31/2016 / $ 56,473.12

*Additional URD Funds Received from City of Canby in the amount of $162,449.26

*1st Payment for New Engine made in the amount of $211,873.00 from URD Funds.

Payroll Summary

Date: / Net Pay: / Benefits & Deductions: / Total Payroll:
03/15/2016 / $ 53,481.68 / $ 75,245.54 / $ 128,727.22
03/31/2016 / $ 53,988.83 / $ 41,236.84 / $ 95,225.67
TOTAL PAYROLL COSTS for MARCH 2016: / $ 223,952.89

Ambulance Report

Our FY16 budgeted ambulance revenueis $720,000.00 or $60,000.00 per month. The net ambulance revenue received in the month of March was $44,127.33which is $10,387.70 lower than that of FY15 and $7,601.45 higher than that of FY14 during the same time period.The average monthly ambulance revenue to date is $53,269.32. Total ambulance revenue received is $479,423.86or 66.59% of budget.