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Lincoln
City Council gets financial figures
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Treasurer's report assesses fiscal year in comparative and forecasts
[OCT.
19, 2006]
City of Lincoln Treasurer Les Plotner delivered
his annual report to the city council this week. In it he provides a
comparative of revenues and expenditures of various accounts and the
remaining fund balances of the past four fiscal years. He closes
with a summary of recent economic decisions, advising caution in
keeping that growth trend.
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Plotner provided the customary three
sets of figures, but he also provides
additional figures and explanations
following the figures. For the summary
statement of conditions and expenditures
he provided a four-year comparison and
identification of contents in the
accounts. For the review of revenue he
has provided a six-year comparison.
These figures are followed by
interpretation of those accounts that
showed a significant change either up or
down.
Treasurer's report
[Text below
is from scan of paper copy of report.]
ANNUAL TREASURER'S REPORT FOR FISCAL
YEAR ENDING APRIL 30, 2006
Perhaps the best way to analyze the report is to compare this
year's Statement of Condition with the past few years. This will
give City Council Members a comparative look as to revenues
received, expenditures in various accounts, and the remaining FUND
BALANCES not only for the past Fiscal Year, but, at the close of the
two previous Fiscal Years as well. Hopefully, this type of analysis
of the Annual Treasurer's Report will be most useful to Council
Members at this time.
![](http://archives.lincolndailynews.com/2006/Oct/19/images/ads/current/maple_ridge_9-24-04.jpg)
See two tables below:
For those who read and try to interpret or analyze this report,
we have provided some information below concerning the contents of
the various accounts which are included in the FUND BALANCES
mentioned on the previous page [first chart]:
General Fund: Includes General Fund, Special Fire
Dept., Drug Forfeiture, Police Task Force, E.R.T.
Team, DUI Fund, D.A.R.E., E911, Fire Protection,
Police Protection and Streets and Alleys.
Special Rev.: Includes Audit, ESDA, Fire Protection,
Forestry, Liability Insurance, Motor Fuel Tax, IMRF,
Police Protection, Public Benefits, Streets &
Alleys, and Crossing Guards.
Debt Service: Includes funds left over from payment
of debt service fees.
Cap. Projects: Funds left over for capital
improvement projects to be expended on future
Projects.
Enterprise: Includes Sewer Operations &
Administration, Illinois EPA Loan Fund, and
Contingency and Depreciation.
![](http://archives.lincolndailynews.com/2006/Oct/19/images/ads/current/adamsmemorials.gif)
Intern. Ser.: Includes only the Rental Equipment
Fund.
Trust Fund: Includes Police Pension Fund, Firemen's
Pension Fund, and the Revolving Fund.
The chart on the following page [see below] compares Revenues over the past
six years. A written summary outlining some changes in Revenues as
compared to last Fiscal Year is also included to assist Council
Members. This summary may or may not be helpful in future Budget
planning or in understanding the changes in revenues cited in the
chart. If it raises questions, then, Council Members should follow
up on those inquiries in the City Clerk's Office.
BUILDING PERMITS
The City had a 17.8% decrease in building permit
revenues compared to last year.
DONATIONS
We recorded a 234% increase compared to last year in
this revenue source.
CIRCUIT CLERK
Circuit Clerk collections for the city continued to decrease compared to the previous year. Over the past 4 years the collections
have decreased from $171,346 in 2002-2003 to $107,346 in 2005-2006
... 37.2% decrease.
DRUG FORFEITURE FUND
This source of revenue did not produce funds this
Fiscal Year.
FRANCHISE FEES
Franchise fees increased 4.3% as compared with last
year.
GRANTS
$40,627 received last year; however, $493,421 was received in
2005-2006.
INTEREST
The interest received totaled $1,336,332 compared to
$589,548 last year. A breakdown of interest will be
presented October 16.
LICENSES
License fees decreased almost 10.0% in 2005-2006
compared to last Fiscal Year.
MOTOR FUEL TAX
This steady increasing source of revenue returned to
normalcy this year
[to top of second column] |
![](http://archives.lincolndailynews.com/2006/Oct/19/images/ads/current/ace%20large%20buttonized.gif)
PARKING METER COLLECTION
Parking meter collections decreased 10.4% compared to
last year.
PROPERTY TAX
The City experienced a decrease of 2.7% in property
tax revenues compared to last fiscal year.
REPLACEMENT TAX
This tax source showed a 29.4% increase over the
previous year.
SALES TAX
Sales tax receipts increased $ 69,329 last year and $59,451 this
fiscal year which represents a 2.74% increase. Non-Home Rule sales
tax increased 4.0% as compared to last year. This combined total
gives the City a 3.0% increase in sales tax overall.
SEWERAGE RECEIPTS
Sewerage receipts were up 3.0% in 2005-2006 due to the increased
sewer rates put in place to upgrade the disposal plant as required
by the IEPA and the resulting payback loan.
STATE INCOME TAX
The State Income tax distribution for Lincoln was $152,906 higher
this past fiscal year than in fiscal 2004-2005. This represents a
15.0% increase in receipts.
TELECOMMUNICATIONS INFRASTRUCTURE FEES
This source of revenue increased $102,692 in 2005-2006 compared
to last fiscal year. That's an increase of almost 60%.
![](http://archives.lincolndailynews.com/2006/Oct/19/images/ads/current/dicklogancarcare.gif)
If Council Members have questions about the data presented in
this report it is recommended that you seek some answers from the
City Clerk's Office. When unusual differences occur in
REVENUES/EXPENDITURES there is normally a simple explanation for
those differences. If you need to know more about City finance it is
suggested that you spend a few minutes of spare time with the City
Clerk to obtain some information and valuable assistance.
Hopefully, this report will help provide some input and some
understanding about FISCAL YEAR 2005-2006 finances and that it will
assist Council Members as they work on Committee Assignments and in
structuring Budgets in the future. Since a Budget is basically a
working plan of estimated revenues and expenditures based upon past
experiences and present needs, Council Members should look to past
fiscal patterns to make decisions about spending and suggested
improvements.
The City Council took a big step forward with its involvement,
spending and future commitments to the SYSCO project during Fiscal
Year 2004-2005. Hopefully, it's a beginning of an improved economy,
growth of new business, and much needed new jobs for people in our
community. Now we have a Super Walmart in the completion stage;
several gas stations apparently headed our way; a well known fast
food restaurant in the planning stages; and an automobile dealer
desiring relocation of their business to new quarters on Route 10
west.
Looking ahead to the last three fourths of the 2006-2007 Fiscal
Year the City Council needs to closely monitor the budget and
expenditures not planned for the year unless they are emergency
expenditures. They need to also monitor spending in the General Fund
and keep aware of the cash balance in the fund when considering
decisions which might place undue pressures on the fund.
In this Age of "economic incentives" desired to promote economic
growth, new and expanded business opportunities, and additional jobs
for citizens in our community, the Council must carefully evaluate
the true additional revenue growth for the City when granting those
incentives.
Remember, "THE ACID TEST OF A DECISION IS WHETHER YOU CAN LIVE
WITH IT IN THE LONG RUN"- (Fred Smith)
Lester D. Plotner, City
Treasurer
October 16, 2006
Additional notes summarized from the treasurer
This report is on a cash basis for the fiscal year 2005-2006, which
ended on April 30.
Several funding accounts are not at the discretion of the city
council, mayor or the city treasurer. These funds are managed by
other parties or individuals within the framework of the city
government. Distributions from these funds are at the sole
discretion of those individuals and departments. Such funds include
these: Special Fire Department; DUI Fund; Drug Forfeiture Fund;
Police Task Force Fund; E911 Fund; E.R.T. Team; and the D.A.R.E.
Fund. These fund totals are reflected in the treasurer's report and
also the audit totals for the city
When the official audit report is completed, a copy will be placed
on file with the Logan County treasurer.
[Jan
Youngquist]
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COMPARATIVE SUMMARY ON STATEMENT OF CONDITIONS
FUND
BALANCES |
2003 |
2004 |
2005 |
2006 |
General
Fund |
$ 899,827 |
$ 898,358 |
$1,314,915 |
$ 665,822 |
Special
Revenue |
$ 961,009 |
$ 1,029,772 |
$1,272,292 |
$1,046,728 |
Debt
Service |
$ 7,069 |
$ 17,575 |
$ 42,216 |
$ 39,908 |
Cap.
Projects |
$ 624,084 |
$ 630,274 |
$ 641,387 |
$ -0- |
Enterprise |
$ 1,496,587 |
$ 2,127,400 |
($7,458,038) |
($6,744,284) |
Internal
Service |
$ 103,515 |
$ 143,337 |
$ 148,671 |
$ 93,944 |
Trust |
$16,232,405 |
$16,368,711 |
$16,414,500 |
$17,207,937 |
NOTE: explanation of funds mentioned above
follows expenditures.
COMPARATIVE EXPENDITURES OVER PAST 4 YEARS
|
2003 |
2004 |
2005 |
2006 |
Salaries |
$ 3,110,429 |
$ 2,770,631 |
$ 2,724,642 |
$ 2,760,638 |
Fire
Pensions |
$ 611,536 |
$ 662,175 |
$ 650,458 |
$ 678,000 |
Police
Pensions |
$ 497,327 |
$ 509,412 |
$ 581,945 |
$ 645,956 |
Vendors |
$ 4,688,576 |
$12,152,218 |
$ 5,693,192 |
$ 7,449.394 |
TOTAL |
$ 8,907,868 |
$16,054,436 |
$ 9,650,237 |
$11,533,988 |
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REVENUES OVER THE PAST SIX YEARS
2001-2006 |
Source |
2000-2001 |
2001-2002 |
2002-2003 |
2003-2004 |
2004-2005
|
2005-2006
|
2%
Foreign Fire Insurance |
$7,494 |
$8,080 |
$9,508 |
$10,859 |
$8,780 |
$12,456 |
Building Permits |
$22,503 |
$20,427 |
$38,081 |
$16,750 |
$26,618 |
$21,858 |
Circuit Clerk |
$184,718 |
$156,610 |
$171,346 |
$138,181 |
$124,825
|
$107,595 |
Donations |
$6,661 |
$7,937 |
$30,359 |
$21,661 |
$15,401 |
$51,447 |
Drug Forfeiture Funds |
$43,638 |
-0- |
-0- |
-0- |
-0- |
-0- |
Equipment Rental |
$143,171 |
$169,782 |
$150,304 |
$121,567 |
$103,211
|
$98,736 |
Franchise Fees (Cable) |
$122,671 |
$117,267 |
$150,086 |
$121,452 |
$108,893
|
$113,651 |
Grants |
$657,570 |
$31,257 |
$30,485 |
$34,562 |
$40,627
|
$493,521 |
Insurance Reimbursement |
-0- |
$27,173 |
-0- |
-0- |
-0- |
-0- |
Interest |
$1,262,206 |
$806,347 |
$402,467 |
$604,774 |
$589,548
|
$1,336,332 |
Licenses |
$48,178 |
$49,532 |
$55,158 |
$70,328 |
$60,401 |
$69,220 |
Miscellaneous |
$45,991 |
$45,599 |
$41,441 |
$47,283 |
$61,933 |
$55,798 |
Motor Fuel Tax |
$447,187 |
$429,134 |
$437,905 |
$439,731 |
$634,716
|
$444,378 |
Parking Meter Collection |
$12,251 |
$11,317 |
$7,016 |
$10,755 |
$11,111 |
$9,949 |
Property Taxes |
$1,410,178 |
$1,436,494 |
$1,455,916 |
$1,437,689 |
$1,482,358
|
$1,441,694 |
Payroll Deductions/Contributions |
$177,145 |
$218,738 |
$217,251 |
$192,307 |
$199,651
|
$201,607 |
Replacement Tax |
$206,069 |
$193,690 |
$157,301 |
$174,627 |
$199,672
|
$258,492 |
Sales Tax |
$2,223,348 |
$2,067,865 |
$2,071,016 |
$2,055,500 |
$2,124,829
|
$2,184,280 |
Sewerage Receipts |
$1,306,726 |
$1,608,189 |
$2,182,397 |
$2,285,634 |
$2,410,600
|
$2,482,911 |
State lncome Tax |
$1,183,425 |
$1,009,896 |
$1,009,947 |
$930,126 |
$1,014,219
|
$1,167,125 |
Violations |
$360 |
$490 |
$140 |
$110 |
$400 |
$1,715 |
Bond Proceeds |
-0- |
-0- |
$620,000 |
$510,000 |
$1,755 |
T.F. -0- |
Telecommunication Fees |
$87,965 |
$62,432 |
$53,255 |
$72,761 |
$171,453
|
$274,145 |
Loan Proceeds |
|
|
$1,604,651 |
$7,590,947 |
-0- |
-0- |
TOTAL |
$9,599,455 |
$8,478,256 |
$10,896,030 |
$16,939.816 |
$10,007,501 |
$11,468,100 |
REVENUES OVER THE PAST SIX YEARS
2001-2006 |
Non Home Rule Tax |
|
|
|
$47,212 |
$616,500 |
$641,190 |
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