Finance Department MONTHLY REPORT July 2017

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1 Leadership Finance Department MONTHLY REPORT July 2017 Be Integrity inspired. Vision Inside This Issue: Excellence General Analysis Revenue Analysis Expenditure Analysis Investments

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3 Introduction The purpose of this report is to summarize the financial position of the City of New Albany (City) on a monthly basis using year-to-date (YTD) and prior year information for comparison purposes. The document is comprised of two major sections: 1. General Fund analysis 2. All Funds analysis Each section contains graphs with supporting analysis. In the appendices are supporting financial documentation relating to the analysis. Within each section, financial information is displayed at the following levels: 1. Fund 2. Revenue 3. Expense The General Fund section contains additional data used to measure and assess the City s financial condition. The goal is to emphasize the General Fund as the best overall indicator of the financial health of the City and to utilize All Funds for a more holistic view. Upon review of the information provided, the finance department is available to answer questions or provide additional data. Please do not hesitate to submit your request via to bstaats@newalbanyohio.org or phone at (614) Respectfully Submitted, Bethany Staats, CPA, Finance Director

4 General Fund Section SUMMARY OF FINANCIAL RESULTS CASH BALANCE 1. Chart 1 illustrates a positive YTD variance of $4,726,852 between revenue ($12,329,645) and expenses ($7,602,793). REVENUE 1. Chart 2 shows a YTD increase in revenue of $761,098 or 6.6%. Income tax collections are $10,553,225 year-to-date, which is a 3.4% increase from Chart 3 provides a monthly illustration of the these collections. 2. Chart 4 breaks down income tax collections by type. Withholdings are the best indicator of income tax stability. 3. Chart 5 provides additional insight into income tax collections by type. The pie chart entitled Normal shows the historical average breakdown of income tax collections audit adjustments for calendar years 2014 and 2015 of $2,269,850 have been removed from the 2016 Withholdings to show a more accurate picture of collections. The adjustments are referenced in a footnote which can be found in Addendum A. EXPENSE 1. YTD expenses are $2,840, or 0.04%, above last year. During the next month, there will be a review of the budget to determine if there are any mid year adjustments that need to be made. At this point in time, the most important factor is that YTD revenue continues to exceed YTD expenses. ALL FUNDS 1. When examining income tax at the All Funds level, all collections are consistent with the General Fund yet representative of the Business Park environment. It appears that while General fund collections are at 66% of the 2017 Budget, overall collections are lagging at approximately 48% of the 2017 Budget. This may be due to the timing of collections and distribution. A review of the budget performed in the next month, will determine if there are adjustments to be made for Chart 8 shows the EOZ areas (Chart 8) which provides insight into the breakdown of tax collections within the Business Park.

5 General Fund Section CASH BALANCE CHART 1: General Fund Revenue, Expenses, and Carryover (Additional Data can be found in Appendix A: General Fund Monthly Cash Flow) $25.0 $20.0 Millions $15.0 $10.0 $5.0 $0.0 FY 2005 FY 2007 FY 2009 FY 2011 FY 2013 FY 2015 FY 2016 YTD 2017 Carryover $5,283,787 $5,124,860 $5,808,522 $7,432,472 $9,837,401 $10,604,496 $12,305,996 $14,145,040 Revenue $9,329,960 $11,552,472 $9,949,508 $15,978,225 $15,421,056 $21,612,093 $20,762,158 $12,329,645 Expenses $9,396,750 $9,471,407 $10,356,165 $10,840,512 $13,213,010 $20,066,559 $19,549,764 $7,602,793 Historically, the City has maintained a positive variance between revenue and expenses, which has allowed it to maintain a target carryover balance of 60% of annual revenue as established based upon an ongoing sensitivity analysis. Furthermore, the City Council has been able to redirect additional surplus dollars to the Infrastructure Replacement, Severance Liability, and Capital Equipment Replacement funds to address the long-term needs of the city.

6 General Fund Section REVENUE CHART 2: General Fund Revenue Sources (Additional Data can be found in Appendix A: General Fund YTD Revenue Analysis) $14.0 $13.0 $12.0 $11.0 $10.0 $9.0 $8.0 $7.0 $6.0 Millions $5.0 $4.0 $3.0 $2.0 $1.0 $0.0 Property Taxes Income Taxes Hotel Taxes Intergovernmental Service Charges Fines, License, Permits YTD 2017 $614,009 $10,553,225 $172,205 $74,689 $202,689 $333,171 $379,657 $12,329,645 YTD 2016 $436,143 $10,208,370 $128,966 $75,532 $190,472 $301,774 $227,291 $11,568,548 YTD 2015 $734,774 $8,778,066 $103,401 $52,566 $281,555 $421,706 $211,782 $10,583,850 YTD 2014 $564,841 $7,503,946 $104,479 $869,795 $249,812 $385,551 $398,458 $10,076,882 YTD 2013 $540,380 $7,219,666 $12,131 $183,099 $231,326 $321,641 $357,663 $8,865,906 Other Total

7 . General Fund Section REVENUE CHART 3: General Fund Income Tax Revenue (All Types) - Monthly Additional Data can be found in Appendix A: General Fund Income Tax Trend Analysis $2,400 $2,250 $2,100 $1,950 $1,800 $1,650 $1,500 Thousands $1,350 $1,200 $1,050 $900 $750 $600 $450 $300 $150 $0 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Each line represents a year of Income Tax collections. The points along each line represent the individual months of collections is represented by the maroon line.

8 General Fund Section REVENUE CHART 4: General Fund Total Income Tax Collections by Type Additional Data can be found in Appendix A: General Fund YTD Revenue Analysis $11.0 $10.0 $9.0 $8.0. $7.0 Millions $6.0 $5.0 $4.0 $3.0 $2.0 $1.0 $0.0 Withholding Net Profits Individual YTD Total YTD 2017 $7,121,753 $1,056,636 $2,374,836 $10,553,225 YTD 2016 $6,949,456 $1,105,193 $2,153,721 $10,208,370 YTD 2015 $5,531,483 $1,100,571 $2,146,012 $8,778,066 YTD 2014 $4,617,527 $737,233 $2,149,186 $7,503,946 YTD 2013 $4,665,903 $934,458 $1,619,305 $7,219,666 This graph shows the YTD income tax for the last five years. Withholdings are the most important income tax performance indicator. Increased payroll deductions are indications of job, wage, and economic growth. The area of caution relating to income tax performance is Net Profits. Net profit taxes are volatile and similar in nature to company stock performance.

9 General Fund Section REVENUE CHART 5: General Fund Total Income Tax Distribution Additional Data can be found in Appendix A: General Fund YTD Revenue Analysis Normal YTD % 22.5% 10.0% 70.0% 10.0% 67.5% Withholdings Net Profits Individual Withholdings Net Profits Individual FY 2016 YTD % 21.1% 8.5% 10.8% 72.8% 68.1% Withholdings Net Profits Individual Withholdings Net Profits Individual The pie chart titled Normal shows the historical average breakdown of Income Tax collections. Currently, YTD Withholdings represent 67.5% of the total.

10 General Fund Section EXPENSE CHART 6: General Fund Expenditures by Category Additional Data can be found in Appendix A: General Fund YTD Expenditure Analysis $11 $10 $9 $8 $7. $6 Millions $5 $4 $3 $2 $1 $0 Salary & Related Contractural Services General Operating Capital Outlay YTD 2017 $5,087,037 $1,103,777 $1,365,747 $46,232 YTD 2016 $4,929,027 $1,083,125 $1,455,522 $132,279 FY17 Budget $10,097,600 $3,318,646 $3,141,196 $358,721 FY16 Actual $8,371,973 $1,883,376 $2,289,967 $191,293 FY15 Actual $7,884,350 $2,198,784 $2,106,173 $533,056

11 All Funds Section SUMMARY OF FINANCIAL RESULTS Long Term Analysis All funds other than the General Fund fall into four major fund types: 1. Special Revenue a fund with a specific revenue source like a grant or TIF project with restricted expenditure requirements 2. Debt Service the fund used for principal and interest payments for city borrowings 3. Capital Project a fund used to pay for capital projects or infrastructure 4. Agency a fund used for collection and distribution purposes (In/Out) The YTD Fund Balance Detail, found in Appendix B, provides information on the financial position of these funds. The Economic Opportunity Zones (EOZ) funds are useful in obtaining a holistic view of income tax collections. The City has revenue sharing agreements with the New Albany Community Authority, City of Columbus, New Albany-Plain Local School District, Johnstown-Monroe Local School District, and Licking Heights Local School District. Income tax collections within the EOZ are identified and shared based on the revenue sharing agreements for that area. Income taxes realized outside of the EOZs are distributed as follows: 101 General Fund 85% 401 Capital Improvements 12% 404 Park Improvements 3% Income tax revenues from the EOZs are distributed as follows depending upon slight variations in the revenue sharing agreements: New Albany General Fund 20-35% School District (s) 35% New Albany Community Authority 0-50% Infrastructure Fund 0-30% City of Columbus 0-26%

12 All Funds Section REVENUE CHART 7: All Funds Total Income Tax Collections by Type Additional Data can be found in Appendix B: All Funds YTD Revenue Analysis When examining income tax from an All Funds level, the results are consistent with the General Fund yet representative of the Business Park environment. CHART 8: EOZ Revenue Sharing YTD 2017 vs YTD 2016 Additional Data can be found in Appendix B: New Albany EOZ Revenue Sharing The EOZ areas provide insight into the breakdown of income tax collections within the Business Park.

13 APPENDIX A: GENERAL FUND

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15 Expenses 16,916,164 7,602, % 15,749,596 7,599, % 2,840 Patrol 2,508,409 1,204, % 2,247,024 1,073, % 131,784 Planning/Development 1,690, , % 1,550, , % (86,324) Municipal Building (700) 254,406 53, % 204, , % (59,555) Administration 1,444, , % 1,283, , % (38,842) Public Service (705) 3,226,888 1,581, % 3,284,468 1,673, % (92,147) Finance (706) 1,029, , % 1,020, , % 57,593 Attorney (707) 485, , % 416, , % 41,741 Engineer (708) 616, , % 536, , % 10,478 Lands & Building (710) 483, , % 442, , % (22,405) IT (711) 564, , % 526, , % 3,779 Service Complex (715) 180,857 50, % 89,516 45, % 5,114 Other Charges (720) 662, , % 726, , % (42,202) East Main Property (725) 39,975 22, % 37,998 28, % (5,724) Revenue less Expenses Variance 1,648,835 4,726,852 1,485,044 3,968,594 Labor 10,097,600 5,087, % 9,716,637 4,929, % 158,010 Contractual Services 3,318,646 1,103, % 2,864,995 1,083, % 20,652 Operating 3,141,196 1,365, % 2,804,274 1,455, % (89,775) Capital Outlay 358,722 46, % 363, , % (86,047) City Council of New Albany, Ohio July YTD Financial Summary (Budget Year =58.33% Complete) YTD General Fund Budget YTD % Budget YTD % Variance Revenue 18,564,999 12,329, % 17,234,640 11,568, % 761,098 *Income Taxes 15,894,526 10,553, % 14,284,250 10,208, % 344,855 * Property Taxes/Other Taxes 1,377, , % 1,329, , % 221,105 Permits 516, , % 626, , % 31,397 Intergovernmental 103,143 74, % 61,636 75, % (843) Charges for Services 314, , % 458, , % 12,217 Other Sources 359, , % 475, , % 152,367 Income Tax Breakdown YTD % Total YTD % Total Other Funds Withholdings 7,121, % 6,949, % Net Profits 1,056, % 1,105, % Individuals 2,374, % 2,153, % Total 10,553, % 10,208, % * 2016 Income Taxes include an audit adjustment of $2,269, YTD 2017 is a positive $344,855 over YTD 2016.

16 2005 January February March April May June July August September October November December FY TOTAL of Rev/Exp Beginning 5,671, ,950, ,557, ,432, ,354, ,573, ,976, ,397, ,316, ,171, ,422, ,480, Revenue 787, , ,086, , , ,161, , , , , , , ,329, % Expenses 509, , ,212, , , , , , , , ,300, , ,396, % Balance 5,950, ,557, ,432, ,354, ,573, ,976, ,397, ,316, ,171, ,422, ,480, ,605, Encumbrances 1,857, ,713, ,554, ,751, ,371, ,139, ,113, , , , , , Carryover 4,092, ,844, ,877, ,602, ,202, ,837, ,284, ,370, ,429, ,743, ,939, ,283, January February March April May June July August September October November December FY TOTAL of Rev/Exp Beginning 5,605, ,360, ,087, ,792, ,637, ,142, ,317, ,941, ,940, ,326, ,482, ,854, Revenue 525, ,160, , , ,017, ,236, , , , , ,006, , ,807, % Expenses 769, , ,029, , , ,061, ,316, , ,299, , , ,509, ,478, % Balance 5,360, ,087, ,792, ,637, ,142, ,317, ,941, ,940, ,326, ,482, ,854, ,933, Encumbrances 2,817, ,777, ,786, ,562, ,372, ,077, ,712, ,427, ,231, ,236, ,744, , Carryover 2,543, ,309, ,006, ,075, ,769, ,239, ,229, ,512, ,094, ,246, ,109, ,363, January February March April May June July August September October November December FY TOTAL of Rev/Exp Beginning 3,933, ,772, ,933, ,971, ,970, ,229, ,571, ,622, ,175, ,329, ,869, ,865, Revenue 618, ,833, , , ,848, ,239, , , , , , , ,552, % Expenses 779, , , , , , , ,375, , ,174, , , ,471, % Balance 3,772, ,933, ,971, ,970, ,229, ,571, ,622, ,175, ,329, ,869, ,865, ,014, Encumbrances 1,987, ,923, ,923, ,459, ,206, ,648, ,653, ,775, ,643, ,391, ,436, , Carryover 1,785, ,009, ,048, ,510, ,022, ,922, ,968, ,400, ,686, ,477, ,428, ,124, January February March April May June July August September October November December FY TOTAL of Rev/Exp Beginning 6,014, ,909, ,456, ,333, ,230, ,208, ,889, ,847, ,014, ,609, ,628, ,857, Revenue 737, ,229, , , ,571, ,160, ,140, , , , ,045, ,142, ,696, % Expenses 842, , , ,054, , , ,182, , ,042, , , ,070, ,782, % Balance 5,909, ,456, ,333, ,230, ,208, ,889, ,847, ,014, ,609, ,628, ,857, ,928, Encumbrances 2,540, ,342, ,049, ,294, ,157, ,822, ,737, ,523, ,558, ,648, ,530, , Carryover 3,368, ,114, ,283, ,935, ,050, ,067, ,110, ,490, ,050, ,979, ,326, ,985, January February March April May June July August September October November December FY TOTAL of Rev/Exp Beginning 6,928, ,892, ,690, ,117, ,213, ,561, ,015, ,985, ,690, ,124, ,906, ,921, Revenue 613, , ,255, , , ,204, ,008, , , , , , ,949, % Expenses 649, ,845, , , , , ,037, , , , , ,043, ,356, % Balance 6,892, ,690, ,117, ,213, ,561, ,015, ,985, ,690, ,124, ,906, ,921, ,521, Encumbrances 3,271, ,836, ,379, ,692, ,287, ,966, ,871, ,751, ,632, ,664, ,332, , Carryover 3,621, ,853, ,738, ,520, ,273, ,048, ,113, ,939, ,492, ,242, ,589, ,808, January February March April May June July August September October November December FY TOTAL of Rev/Exp Beginning 6,521, ,802, ,826, ,185, ,546, ,028, ,742, ,386, ,449, ,260, ,639, ,087, Revenue 484, , ,101, , ,227, , , ,056, , , ,275, , ,952, % Expenses 1,204, , , ,585, , ,145, , , ,029, ,981, , , ,723, % Balance 5,802, ,826, ,185, ,546, ,028, ,742, ,386, ,449, ,260, ,639, ,087, ,750, Encumbrances 1,703, ,990, ,580, ,825, ,590, ,557, ,490, ,239, ,123, ,094, , , Carryover 4,098, ,835, ,604, ,720, ,438, ,185, ,895, ,210, ,137, ,545, ,160, ,403, C/O as % C/O as % C/O as % C/O as % C/O as % C/O as % CITY OF NEW ALBANY, OHIO GENERAL FUND MONTHLY CASH FLOW AS OF YTD JULY 31, 2017

17 2011 January February March April May June July August September October November December FY TOTAL of Rev/Exp Beginning 2,750, ,419, ,193, ,879, ,938, ,010, ,201, ,809, ,471, ,227, ,171, ,575, Revenue 584, ,513, ,510, ,122, ,928, ,272, ,308, ,413, ,241, , ,353, , ,978, % Expenses 915, , , ,062, , ,080, , , ,485, , , , ,840, % Balance 2,419, ,193, ,879, ,938, ,010, ,201, ,809, ,471, ,227, ,171, ,575, ,888, Encumbrances 1,929, ,714, ,702, ,938, ,500, ,377, ,468, ,217, ,288, ,173, , , Carryover 490, ,479, ,176, ,000, ,509, ,824, ,341, ,254, ,938, ,998, ,740, ,432, January February March April May June July August September October November December FY TOTAL of Rev/Exp Beginning 7,888, ,384, ,415, ,660, ,640, ,301, ,813, ,659, ,019, ,901, ,598, ,438, Revenue 811, ,085, ,154, , ,635, ,317, , ,311, , , ,609, ,762, ,680, % Expenses 2,315, ,055, , ,696, , , , ,950, , ,244, , , ,161, % Balance 6,384, ,415, ,660, ,640, ,301, ,813, ,659, ,019, ,901, ,598, ,438, ,407, Encumbrances 2,457, ,156, ,158, ,248, ,903, ,281, ,868, ,550, ,602, ,602, , , Carryover 3,927, ,258, ,501, ,391, ,397, ,532, ,790, ,468, ,299, ,996, ,440, ,968, January February March April May June July August September October November December FY TOTAL of Rev/Exp Beginning 8,407, ,825, ,140, ,247, ,353, ,746, ,401, ,344, ,857, ,345, ,331, ,687, Revenue 934, ,278, ,418, , ,503, ,469, , ,371, ,722, , ,024, , ,421, % Expenses 516, , ,312, , ,111, , , , ,234, , , ,051, ,213, % Balance 8,825, ,140, ,247, ,353, ,746, ,401, ,344, ,857, ,345, ,331, ,687, ,615, Encumbrances 2,540, ,253, ,199, ,579, ,118, ,875, ,058, ,663, ,407, ,595, ,492, , Carryover 6,285, ,887, ,047, ,774, ,627, ,526, ,285, ,194, ,938, ,736, ,194, ,837, January February March April May June July August September October November December FY TOTAL of Rev/Exp Beginning 10,615, ,247, ,413, ,635, ,775, ,450, ,030, ,125, ,689, ,711, ,541, ,616, Revenue 1,536, ,159, ,247, , ,841, ,389, , ,366, , ,093, ,164, , ,444, % Expenses 904, , ,025, , ,167, , , , , ,263, ,089, , ,518, % Balance 11,247, ,413, ,635, ,775, ,450, ,030, ,125, ,689, ,711, ,541, ,616, ,541, Encumbrances 2,582, ,409, ,108, ,493, ,069, ,953, ,751, ,578, ,281, ,833, ,544, , Carryover 8,665, ,003, ,527, ,282, ,380, ,077, ,374, ,111, ,430, ,707, ,071, ,659, January February March April May June July August September October November December FY TOTAL of Rev/Exp Beginning 10,541, ,598, ,062, ,242, ,122, ,424, ,612, ,923, ,649, ,698, ,825, ,094, Revenue 1,050, ,322, ,125, ,129, ,504, ,205, ,293, ,732, ,334, ,392, ,285, ,235, ,612, % Expenses 993, , , ,249, ,203, ,017, , ,006, ,286, ,265, ,016, ,242, ,066, % Balance 10,598, ,062, ,242, ,122, ,424, ,612, ,923, ,649, ,698, ,825, ,094, ,087, Encumbrances 4,398, ,482, ,603, ,987, ,651, ,609, ,345, ,006, ,912, ,462, ,045, ,482, Carryover 6,200, ,580, ,639, ,135, ,772, ,003, ,577, ,642, ,785, ,362, ,048, ,604, January February March April May June July August September October November December FY TOTAL of Rev/Exp Beginning 12,087, ,371, ,504, ,889, ,175, ,985, ,082, ,412, ,134, ,290, ,503, ,115, Revenue 1,215, ,197, ,614, ,602, ,846, ,044, ,316, ,920, ,114, ,097, ,689, ,100, ,762, % Expenses 931, ,064, ,229, ,316, ,036, , ,987, ,198, ,959, , ,077, , ,549, % Balance 12,371, ,504, ,889, ,175, ,985, ,082, ,412, ,134, ,290, ,503, ,115, ,299, Encumbrances 4,972, ,635, ,488, ,008, ,699, ,456, ,170, ,581, ,148, ,946, ,424, , Carryover 7,399, ,869, ,401, ,166, ,286, ,626, ,241, ,553, ,141, ,557, ,690, ,305, January February March April May June July August September October November December YTD TOTAL of Rev/Exp Beginning 13,299, ,715, ,944, ,367, ,105, ,239, ,681, ,157, ,157, ,157, ,157, ,157, Revenue 1,595, ,378, ,761, ,557, ,966, ,536, ,533, ,329, % Expenses 1,180, ,148, ,338, ,819, , ,093, ,057, ,471, % Balance 13,715, ,944, ,367, ,105, ,239, ,681, ,157, ,157, ,157, ,157, ,157, ,157, Encumbrances 5,360, ,888, ,520, ,949, ,751, ,297, ,012, Carryover 8,355, ,056, ,847, ,155, ,487, ,383, ,145, ,157, ,157, ,157, ,157, ,157, C/O as % C/O as % C/O as %

18 2016 Cash Collections $1,141,317 $1,053,498 $1,076,121 $3,409,822 $2,707,514 $1,898,770 $1,191,179 $1,239,836 $940,427 $947,884 $1,444,521 $966,271 $12,478,220 $13,284,250 $18,017,160 Percent of Budget 8.59% 7.93% 8.10% 25.67% 20.38% 14.29% 8.97% 9.33% 7.08% 7.14% 10.87% 7.27% 93.93% % % Percent of FY Actual 6.33% 5.85% 5.97% 18.93% 15.03% 10.54% 6.61% 6.88% 5.22% 5.26% 8.02% 5.36% 69.26% 73.73% % 2015 Cash Collections $964,455 $1,136,122 $965,568 $997,407 $1,811,965 $1,770,746 $1,131,803 $1,158,433 $881,188 $1,186,878 $1,107,397 $1,127,037 $8,778,066 $11,403,000 $14,238,998 Percent of Budget 8.46% 9.96% 8.47% 8.75% 15.89% 15.53% 9.93% 10.16% 7.73% 10.41% 9.71% 9.88% 76.98% % % Percent of FY Actual 6.77% 7.98% 6.78% 7.00% 12.73% 12.44% 7.95% 8.14% 6.19% 8.34% 7.78% 7.92% 61.65% 80.08% % 2014 Cash Collections $1,456,597 $872,452 $798,494 $782,165 $1,589,205 $1,211,667 $793,366 $738,966 $733,282 $922,722 $1,025,978 $738,602 $7,503,946 $10,683,136 $11,663,496 Percent of Budget 13.63% 8.17% 7.47% 7.32% 14.88% 11.34% 7.43% 6.92% 6.86% 8.64% 9.60% 6.91% 70.24% % % Percent of FY Actual 12.49% 7.48% 6.85% 6.71% 13.63% 10.39% 6.80% 6.34% 6.29% 7.91% 8.80% 6.33% 64.34% 91.59% % 2013 Cash Collections $855,489 $1,001,519 $816,413 $794,085 $1,891,821 $1,199,409 $660,930 $826,043 $1,047,491 $853,029 $887,415 $877,062 $7,219,666 $9,503,779 $11,710,706 Percent of Budget 9.00% 10.54% 8.59% 8.36% 19.91% 12.62% 6.95% 8.69% 11.02% 8.98% 9.34% 9.23% 75.97% % % Percent of FY Actual 7.31% 8.55% 6.97% 6.78% 16.15% 10.24% 5.64% 7.05% 8.94% 7.28% 7.58% 7.49% 61.65% 81.15% % 2012 Cash Collections $723,209 $953,954 $217,985 $554,350 $1,608,761 $1,195,878 $635,706 $750,997 $552,070 $843,704 $1,006,835 $819,151 $5,889,844 $9,862,601 $9,862,601 Percent of Budget 7.33% 9.67% 2.21% 5.62% 16.31% 12.13% 6.45% 7.61% 5.60% 8.55% 10.21% 8.31% 59.72% % % Percent of FY Actual 7.33% 9.67% 2.21% 5.62% 16.31% 12.13% 6.45% 7.61% 5.60% 8.55% 10.21% 8.31% 59.72% % % 2011 Cash Collections $280,362 $1,365,871 $869,860 $967,578 $1,804,373 $1,040,160 $646,146 $818,335 $712,805 $644,412 $1,018,506 $790,786 $6,974,350 $10,677,336 $10,959,194 Percent of Budget 2.63% 12.79% 8.15% 9.06% 16.90% 9.74% 6.05% 7.66% 6.68% 6.04% 9.54% 7.41% 65.32% % % Percent of FY Actual 2.56% 12.46% 7.94% 8.83% 16.46% 9.49% 5.90% 7.47% 6.50% 5.88% 9.29% 7.22% 63.64% 97.43% % Revenue projection as a % of budget $11,787,514 Revenue projection as a % of YTD Actual $14,636,638 Opportunity/(risk) to Revenue Projections ($4,107,012) Opportunity/(risk) to Revenue Projections ($1,257,888) Revenue projection as a % of budget $12,530,075 Revenue projection as a % of YTD Actual $14,992,331 Opportunity/(risk) to Revenue Projections ($3,364,451) Opportunity/(risk) to Revenue Projections ($902,195) CITY OF NEW ALBANY, OHIO INCOME TAX TREND ANALYSIS - GENERAL FUND FISCAL YEARS Total City Income Taxes Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD Budget FY Actual 2017 Cash Collections $1,484,044 $1,282,000 $1,016,083 $1,399,844 $1,766,562 $1,318,043 $1,318,043 $0 $0 $0 $0 $0 $9,584,618 $15,894,526 NA 3-yr Fcstd Collections $1,600,835 $1,376,015 $1,276,304 $2,331,978 $2,745,083 $2,193,476 $1,400,405 $1,409,792 $1,148,104 $1,373,953 $1,607,813 $1,272,586 $12,924,096 $15,894,526 5-yr Fcstd Collections $1,492,869 $1,457,001 $1,125,105 $1,898,462 $2,790,350 $2,112,950 $1,281,447 $1,368,937 $1,206,377 $1,380,535 $1,589,008 $1,314,882 $12,158,184 $15,894,526 Percent of Budget 9.34% 8.07% 6.39% 8.81% 11.11% 8.29% 8.29% 0.00% 0.00% 0.00% 0.00% 0.00% 60.30% 60.30% NA Percent of FY Actual NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA Most-recent 3-year basis Avg Pct of Budget Avg Pct of FY Actual 10.07% 8.66% 8.03% 14.67% 17.27% 13.80% 8.81% 8.87% 7.22% 8.64% 10.12% 8.01% 81.31% % % 8.11% 6.97% 6.47% 11.82% 13.91% 11.11% 7.10% 7.14% 5.82% 6.96% 8.15% 6.45% 65.48% 80.53% % 5-Year Basis Avg Pct of Budget Avg Pct of FY Actual 9.39% 9.17% 7.08% 11.94% 17.56% 13.29% 8.06% 8.61% 7.59% 8.69% 10.00% 8.27% 76.49% % % 7.85% 7.66% 5.92% 9.98% 14.67% 11.11% 6.74% 7.20% 6.34% 7.26% 8.36% 6.91% 63.93% 83.58% %

19 CITY OF NEW ALBANY, OHIO JULY 2017 YTD REVENUE ANALYSIS General YTD 2017 Uncollected YTD YTD YTD 2017 % Collected 2017 Budget Balance 2016 H/(L) 2016 % H/(L) Taxes Property Taxes $ 614,009 $ 1,142,180 $ 528, % $ 436,143 $ 177, % Income Taxes 10,553,226 15,894,526 5,341, % 12,478,220 (1,924,994) % Hotel Taxes 172, ,000 62, % 128,966 43, % Total Taxes $ 11,339,440 $ 17,271,706 $ 5,932, % $ 13,043,329 $ (1,703,889) % Intergovernmental State Shared Taxes & Permits $ 74,689 $ 103,143 $ 28, % $ 75,532 $ (843) -1.12% Street Maint Taxes % % Grants & Loans % % Total Intergovernmental $ 74,689 $ 103,143 $ 28, % $ 75,532 $ (843) -1.12% Charges for Service Service Charges $ - $ 150 $ % $ 80 (80) % Water & Sewer Fees % % Building Department Fees 127, ,000 66, % 119,587 7, % Other Fees & Charges 75, ,000 44, % 70,805 4, % Total Charges for Service $ 202,689 $ 314,150 $ 111, % $ 190,472 $ 12, % Fines, Licenses & Permits Fines & Forfeitures $ 76,881 $ 85,000 $ 8, % $ 47,767 $ 29, % Building, Licenses & Permits 17,000 20,000 3, % 12,850 4, % Other Permits 239, , , % 241,157 (1,867) -0.77% Total Fines, Licenses & Permits $ 333,171 $ 516,500 $ 183, % $ 301,774 $ 31, % Other Sources Sale of Assets $ 8,675 $ 50,000 $ 41, % $ 2,733 $ 5, % Investment Income % % Other Income 370, ,500 (61,482) % 224, , % Total Other Sources $ 379,657 $ 359,500 $ (20,157) % $ 227,290 $ 152, % Transfers Transfers In $ - $ - $ % $ - $ % Total Transfers $ - $ - $ % $ - $ % Grand Total $ 12,329,645 $ 18,564,999 $ 6,235, % $ 13,838,397 $ (1,508,752) % Adjustments: Eliminate impact of $ - $ - $ % $ - $ % Interfund transfers/advances Total Adjustments to Revenue $ - $ - $ % $ - $ % Adjusted Grand Total $ 12,329,645 $ 18,564,999 $ 6,235, % $ 13,838,397 $ (1,508,752) %

20 CITY OF NEW ALBANY, OHIO JULY 2017 YTD EXPENDITURE ANALYSIS General Funds YTD $ $ 2017 YTD Unspent % Total Unenc & Avail % YTD YTD 2017 % H/(L) 2017 Budget Balance Unspent Encumbered Balance Available 2016 H/(L) 2016 Salary & Related Salaries & Wages $ 3,232,519 $ 6,476,340 $ 3,243, % $ - $ 3,243, % $ 3,148,145 84, % Taxes & Insurance 1,769,933 3,423,565 1,653, % 809, , % 1,695,981 73, % Other Benefits 84, , , % 40,769 72, % 84,901 (316) -0.37% Total Salary & Related $ 5,087,037 $ 10,097,600 $ 5,010, % $ 850,154 $ 4,160, % $ 4,929, , % Contractual Services Professional Services $ 1,067,693 $ 3,260,072 $ 2,192, % $ 1,139,985 $ 1,052, % $ 1,021,866 45, % Grounds/Park Maint 36,084 58,574 22, % 3,745 18, % 61,259 (25,175) % Total Contractual Services $ 1,103,777 $ 3,318,646 $ 2,214, % $ 1,143,731 $ 1,071, % $ 1,083,125 20, % General Operating Transportation $ 187,114 $ 394,036 $ 206, % $ 132,936 $ 73, % $ 162,102 25, % Supplies 48, ,124 89, % 36,098 53, % 49,270 (291) -0.59% Street Maintenance 3, , , % 10, , % 108,292 (104,774) % Equipment 103, , , % 29, , % 79,372 24, % Utilities/Maint 290, , , % 380,432 84, % 279,366 11, % Other General Op 731,554 1,361, , % 327, , % 777,121 (45,567) -5.86% Total General Operating $ 1,365,747 $ 3,141,196 $ 1,775, % $ 917,333 $ 858, % $ 1,455,523 (89,776) -6.17% Capital Outlay Capital Outlay $ 46,232 $ 358,721 $ 312, % $ 101,276 $ 211, % $ 132,279 (86,047) % Street Maint/Repair % % % Water & Sewer % % % Total Capital Outlay $ 46,232 $ 358,721 $ 312, % $ 101,276 $ 211, % $ 132,279 (86,047) % Debt Service Principal Repayment $ - $ - $ % $ - $ % $ % Interest Expense % % % Other Debt Service % % % Total Debt Service $ - $ - $ % $ - $ % $ % Transfers & Advances Transfers $ - $ - $ % $ - $ % $ 85,000 (85,000) % Advances 869,125 2,524,125 1,655, % - 1,655, % 3,828,156 (2,959,031) % Total Transfers/Advances $ 869,125 $ 2,524,125 $ 1,655, % $ - $ 1,655, % $ 3,913,156 (3,044,031) % Grand Total $ 8,471,918 $ 19,440,289 $ 10,968, % $ 3,012,493 $ 7,955, % $ 11,513,110 $ (3,041,192) % Adjustments: $ % Interfund transf/adv $ (869,125) $ (2,524,125) $ (1,655,000) 65.57% $ - $ (1,655,000) 65.57% $ (3,913,156) 3,044,031 Total Adjustments $ (869,125) $ (2,524,125) $ (1,655,000) 65.57% $ - $ (1,655,000) 65.57% $ (3,913,156) $ 3,044, % Adjusted Grand Total $ 7,602,793 $ 16,916,164 $ 9,313, % $ 3,012,493 $ 6,300, % $ 7,599,954 $ 2, %

21 APPENDIX B: ALL FUNDS

22

23 CITY OF NEW ALBANY, OHIO YEAR TO-DATE FUND BALANCE DETAIL As of July 31, 2017 Fund Number / Description December 31, 2016 Total Cash Balance + - = - = Year To-Date Current Fund Outstanding Expenditures Cash Balance Encumbrances Year To-Date Revenues Carryover General Fund 13,299, ,329, ,471, ,157, ,012, ,145, Unclaimed Funds 1, , , Total General Funds 13,301, ,329, ,471, ,159, ,012, ,146, Street Construction, Maint & Repair 515, , , , , , Oak Grove EOZ ,807, ,807, Central College EOZ , , Oak Grove II EOZ , , Blacklick EOZ ,796, ,796, American Recovery & Reinvestment Act Blacklick TIF 820, , , ,269, ,269, Mayors Court Computer 13, , , , , , Alcohol Education 11, , , Village Center TIF 143, , , , , Windsor TIF 1,199, ,171, ,521, , , , Law Enforcement & Education 9, , , State Issue II Cops More Grant FEMA Grant Safety Town 93, , , , , , DUI Grant 10, , , , , Law Enforcement Assistance 1, , , State Highway 65, , , , , Permissive Tax 144, , , , , , Economic Development 2,192, ,250, ,024, ,419, ,252, ,166, K-9 Patrol Drug Use Prevention Prog Grant 66, , , , , Wentworth Crossing TIF 206, , , , , , Hawksmoor TIF 201, , , , , , The Enclave TIF 60, , , , , , Saunton TIF 228, , , , , , Richmond Square TIF 105, , , , , , Tidewater I TIF 387, , , , , , Ealy Crossing TIF 351, , , , , , Upper Clarenton TIF 192, , , , , Balfour Green TIF 67, , , , , , Oak Grove II TIF 830, ,380, ,210, ,210, Research Tech District TIF 328, , , , Village Center II TIF , , Community Events Board Hotel Excise Tax , , Healthy New Albany Facilities 257, , , , , , Alcohol Indigent Fund 7, , , Severance Liability 932, , , , Total Special Revenue 9,444, ,829, ,436, ,838, ,478, ,360, Debt Service 562, ,924, , ,926, , ,917, Total Debt Service 562, ,924, , ,926, , ,917, Capital Improvements 5,290, ,844, , ,168, ,390, ,777, State Issue II Improvements Bond Improvements Park Improvements 1,265, , , ,456, , ,413, Water & Sanitary Improvements 4,138, , , ,735, , ,377, Clean Ohio Grant /161 Issue II Fund Harlem/Thompson Issue II Fund ODNR Trails Grant Fixed Asset Fund 7,387, , ,440, ,440, Leisure Trail Improvements 264, , , , OPWC 62/605 Improvements * OPWC Smith's Mill/Central College * OPWC US62/Central College * Capital Equipment Replacement Fund 2,245, , , ,392, , , OPWC Main Street Improvements * Oak Grove II Infrastructure 1,178, , , ,492, , ,442, OPWC High Street Improvements * OPWC Beech Rd Widening * Greensward Roundabout OPWC * , , , , , Economic Dev Cap Imp Fund * 7,584, ,749, ,022, ,310, ,283, ,027, Water & Sanitary Sewer Impr Total Capital Projects 29,355, ,911, ,056, ,211, ,262, ,948, Columbus Agency 811, , , , , Oak Grove EOZ Central College EOZ Subdivision Development 534, , , , , Blacklick EOZ Tax Builders Escrow 944, , , ,261, ,261, Board of Building Standards 6, , , , , Columbus Annexation , , , Total Fiduciary/Agency Funds 2,297, ,046, , ,641, ,641, Total Governmental Funds 54,962, ,041, ,226, ,777, ,761, ,015,054.13

24 2016 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Total YTD Blacklick Withholding 88, , , , , , , , , , , , ,368, , Net Profit , (95,460.47) (79,460.47) 16, Total 88, , , , , , , , , (6,223.81) 67, , ,289, , Central College Withholding 189, , , , , , , , , , , , ,852, ,959, Net Profit 166, , , , (16,309.32) 32, (26,207.60) (36,684.15) (15,294.00) (29,811.62) (36,684.16) 122, , Total 356, , , , , , , , , , , , ,974, ,226, Oak Grove I Withholding 138, , , , , , , , , , , , ,248, ,206, Net Profit 43, , , , , , , , , , , , , Total 181, , , , , , , , , , , , ,649, ,469, Oak Grove II Withholding 34, , , , , , , , , , , , , , Net Profit 0.00 (2,847.74) 5, , , , , , , , , , Total 34, , , , , , , , , , , , , , Total EOZs Withholding 450, , , , ,131, , , , , , , , ,117, ,400, Net Profit 210, , , , , (10,858.09) 94, (9,747.31) (34,596.40) (92,429.60) 75, (3,265.62) 563, , Total 660, , , , ,352, , , , , , , , ,680, ,027, Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Total YTD Blacklick Withholding 75, , , , , , , , , Net Profit Total 75, , , , , , , , , Central College Withholding 177, , , , , , , ,556, ,556, Net Profit 178, , (38,884.95) (15,059.46) (846.68) (6,011.01) (33,823.25) , , Total 356, , , , , , , ,663, ,663, Oak Grove I Withholding 164, , , , , , , ,367, ,367, Net Profit 66, , , , , , , , Total 231, , , , , , , ,612, ,612, Oak Grove II Withholding 48, , , , , , , , , Net Profit 20, , , , , , , , Total 68, , , , , , , , , Total EOZs Withholding 466, , , , , , , ,105, ,105, Net Profit 265, , (38,441.51) 92, , , , , , Total 731, , , , , , , ,620, ,620, New Albany EOZ Revenue Sharing

25 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec YTD Blacklick Withholding (13,328.47) 86, (96,056.22) 27, (89,960.58) 35, , (20,321.79) Net Profit 0.00 (16,000.00) (16,000.00) Total (13,328.47) 70, (96,056.22) 27, (89,960.58) 35, , (36,321.79) Central College Withholding (11,961.20) 57, (61,531.85) 71, (385,913.17) (45,577.61) (28,276.55) (403,601.69) Net Profit 12, (9,724.79) (38,884.95) (23,348.43) (44,705.37) 10, (66,004.41) (160,113.91) Total , (100,416.80) 48, (430,618.54) (35,279.30) (94,280.96) (563,715.60) Oak Grove I Withholding 26, , (59,409.70) 102, (31,239.24) 101, (25,447.93) , Net Profit 22, , (6,870.54) 35, (82,254.61) (3,979.11) 7, (16,477.16) Total 49, , (66,280.24) 137, (113,493.85) 97, (17,888.14) , Oak Grove II Withholding 14, , (49,818.80) (4,469.59) (12,749.10) (4,055.50) (6,869.93) (30,570.24) Net Profit 20, , (5,238.48) 26, (24,005.78) 33, , , Total 34, , (55,057.28) 22, (36,754.88) 29, , , Total EOZs Withholding 15, , (266,816.57) 196, (519,862.09) 87, (30,202.92) (294,305.61) Net Profit 54, (266.29) (50,993.97) 38, (150,965.76) 39, (44,223.03) (112,719.06) Total 70, , (317,810.54) 235, (670,827.85) 126, (74,425.95) (407,024.67) New Albany EOZ Revenue Sharing Variance ( )

26 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec YTD 36, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,289, , , , , , , , ,528, New Albany Income Tax Revenue Sharing Monthly Settlement Sheet Amounts Shown are Less RITA Collection Fees Columbus Oak Grove II 36, , , , , , , , Infrastructure Fund Oak Grove II 72, , , , , , , , JMLSD Oak Grove II 49, , , , , , , , LHLSD Oak Grove I Oak Grove II 31, , , , , , , , , , , , , , , , NACA Blacklick Central College Oak Grove I 147, , , , , , , ,300, , , , , , , , , , , , , , , , ,299, NAPLS Blacklick Oak Grove I VC TIF II 73, , , , , , , , , , , , , , , ,072, , , , , , , , , Q:\Revenue Sharing\2016\NAPLS Recon Feb Mar Apr May June July Aug Sept Oct NAPLS W ADJUSTMENT (initial) (17,837.72) (17,837.72) (17,837.72) (17,837.72) (17,837.72) (17,837.72) (17,837.72) (17,837.72) (17,837.72)

27 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec YTD 1,652, ,460, ,141, ,611, ,005, ,261, ,506, ,640, New Albany Blacklick Central College Oak Grove I Oak Grove II Rev Not Shared VC TIF II 73, , , , , , , , , , , , , , , ,629, , , , , , , , ,580, , , , , , , , , , , , , ,335, ,647, ,019, ,093, , , , , , , , , Net Settlement 2,759, ,431, ,777, ,806, ,896, ,182, ,217, Less Legal Fees RITA Net Q:\Revenue Sharing\2016\NAPLS Recon Feb Mar Apr May June July Aug Sept Oct NAPLS W ADJUSTMENT (initial) (17,837.72) (17,837.72) (17,837.72) (17,837.72) (17,837.72) (17,837.72) (17,837.72) (17,837.72) (17,837.72)

28 2016 Cash Collections $2,333,763 $2,121,763 $2,894,032 $2,337,701 $4,476,825 $2,932,794 $2,227,483 $2,732,064 $1,849,610 $1,594,721 $2,799,471 $1,704,930 $19,324,360 $31,594,250 $30,005,158 Percent of Budget 7.39% 6.72% 9.16% 7.40% 14.17% 9.28% 7.05% 8.65% 5.85% 5.05% 8.86% 5.40% 61.16% 94.97% 94.97% Percent of FY Actual 7.78% 7.07% 9.65% 7.79% 14.92% 9.77% 7.42% 9.11% 6.16% 5.31% 9.33% 5.68% 64.40% % % 2015 Cash Collections $1,973,791 $2,274,806 $1,963,979 $2,157,650 $3,465,766 $3,118,646 $2,187,268 $2,497,635 $2,087,861 $2,449,079 $2,144,592 $2,295,630 $17,141,907 $27,903,000 $28,616,704 Percent of Budget 7.07% 8.15% 7.04% 7.73% 12.42% 11.18% 7.84% 8.95% 7.48% 8.78% 7.69% 8.23% 61.43% % % Percent of FY Actual 6.90% 7.95% 6.86% 7.54% 12.11% 10.90% 7.64% 8.73% 7.30% 8.56% 7.49% 8.02% 59.90% 97.51% % 2014 Cash Collections $2,472,721 $1,719,675 $1,939,141 $1,908,930 $2,796,471 $2,345,154 $1,735,034 $1,244,915 $1,873,216 $1,879,026 $2,188,347 $1,727,844 $14,917,126 $23,144,636 $23,830,475 Percent of Budget 10.68% 7.43% 8.38% 8.25% 12.08% 10.13% 7.50% 5.38% 8.09% 8.12% 9.46% 7.47% 64.45% % % Percent of FY Actual 10.38% 7.22% 8.14% 8.01% 11.73% 9.84% 7.28% 5.22% 7.86% 7.88% 9.18% 7.25% 62.60% 97.12% % 2013 Cash Collections $1,451,034 $1,757,153 $1,399,021 $1,540,197 $2,806,973 $2,402,531 $1,403,525 $1,527,296 $1,728,378 $1,648,199 $1,767,969 $1,768,806 $12,760,435 $19,246,605 $21,201,083 Percent of Budget 7.54% 9.13% 7.27% 8.00% 14.58% 12.48% 7.29% 7.94% 8.98% 8.56% 9.19% 9.19% 66.30% % % Percent of FY Actual 6.84% 8.29% 6.60% 7.26% 13.24% 11.33% 6.62% 7.20% 8.15% 7.77% 8.34% 8.34% 60.19% 90.78% % 2012 Cash Collections $1,321,901 $2,130,861 $1,497,040 $1,085,591 $2,748,590 $2,092,452 $1,248,480 $1,637,773 $942,202 $1,570,691 $2,364,018 $1,484,661 $12,124,914 $20,124,260 $20,124,260 Percent of Budget 6.57% 10.59% 7.44% 5.39% 13.66% 10.40% 6.20% 8.14% 4.68% 7.80% 11.75% 7.38% 60.25% % % Percent of FY Actual 6.57% 10.59% 7.44% 5.39% 13.66% 10.40% 6.20% 8.14% 4.68% 7.80% 11.75% 7.38% 60.25% % % 2011 Cash Collections $1,191,533 $1,552,126 $1,058,807 $1,320,003 $3,115,841 $1,919,094 $1,315,141 $2,022,259 $1,322,340 $1,275,887 $2,091,521 $1,519,997 $11,472,545 $19,411,569 $19,704,551 Percent of Budget 6.14% 8.00% 5.45% 6.80% 16.05% 9.89% 6.78% 10.42% 6.81% 6.57% 10.77% 7.83% 59.10% % % Percent of FY Actual 6.05% 7.88% 5.37% 6.70% 15.81% 9.74% 6.67% 10.26% 6.71% 6.48% 10.61% 7.71% 58.22% 98.51% % Revenue projection as a % of budget $28,002,287 Revenue projection as a % of YTD Actual $27,938,060 Opportunity/(risk) to Revenue Projections ($10,755,860) Opportunity/(risk) to Revenue Projections ($10,820,087) Revenue projection as a % of budget $27,853,174 Revenue projection as a % of YTD Actual $28,256,073 Opportunity/(risk) to Revenue Projections ####### Opportunity/(risk) to Revenue Projections ($10,502,074) CITY OF NEW ALBANY, OHIO INCOME TAX TREND ANALYSIS - ALL FUNDS FISCAL YEARS Total City Income Taxes Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD Budget FY Actual 2017 Cash Collections $2,815,928 $2,480,920 $1,814,198 $2,863,574 $2,956,097 $2,217,357 $2,262,618 $0 $0 $0 $0 $0 $17,410,693 $38,758,147 NA 3-yr Fcstd Collections $3,179,876 $2,868,452 $3,187,791 $3,003,538 $5,036,503 $3,937,912 $2,884,182 $3,036,524 $2,725,150 $2,777,741 $3,345,023 $2,686,560 $24,098,254 $38,758,147 5-yr Fcstd Collections $3,034,640 $3,177,918 $3,079,112 $2,868,460 $5,176,094 $4,095,094 $2,795,946 $3,062,108 $2,694,130 $2,903,926 $3,578,209 $2,853,150 $24,227,264 $38,758,147 Percent of Budget 7.27% 6.40% 4.68% 7.39% 7.63% 5.72% 5.84% 0.00% 0.00% 0.00% 0.00% 0.00% 44.92% 44.92% NA Percent of FY Actual NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA Most-recent 3-year basis Avg Pct of Budget Avg Pct of FY Actual 8.20% 7.40% 8.22% 7.75% 12.99% 10.16% 7.44% 7.83% 7.03% 7.17% 8.63% 6.93% 62.18% % 99.77% 8.22% 7.42% 8.24% 7.77% 13.02% 10.18% 7.46% 7.85% 7.05% 7.18% 8.65% 6.95% 62.32% % % 5-Year Basis Avg Pct of Budget Avg Pct of FY Actual 7.83% 8.20% 7.94% 7.40% 13.35% 10.57% 7.21% 7.90% 6.95% 7.49% 9.23% 7.36% 62.51% % % 7.72% 8.08% 7.83% 7.30% 13.16% 10.42% 7.11% 7.79% 6.85% 7.39% 9.10% 7.26% 61.62% 98.57% %

29 CITY OF NEW ALBANY, OHIO JULY 2017 YTD REVENUE ANALYSIS All Funds YTD 2017 Uncollected YTD YTD YTD 2017 % Collected % H/(L) 2017 Budget Balance 2016 H/(L) 2016 Taxes Property Taxes $ 5,187,189 $ 6,267,180 $ 1,079, % $ 3,392,502 $ 1,794, % Income Taxes 18,711,610 38,758,147 20,046, % 19,324,360 (612,750) -3.17% Hotel Taxes 229, , , % 171,955 57, % Total Taxes $ 24,128,406 $ 45,360,327 $ 21,231, % $ 22,888,817 $ 1,239, % Intergovernmental State Shared Taxes & Permits $ 74,689 $ 103,143 $ 28, % $ 75,533 $ (844) -1.12% Street Maint Taxes 330, , , % 294,011 36, % Grants & Loans 730,754 3,756,814 3,026, % 198, , % Total Intergovernmental $ 1,136,034 $ 4,308,957 $ 3,172, % $ 568,163 $ 567, % Charges for Service Service Charges $ 13,088 $ 20,150 $ 7, % $ 15,286 $ (2,199) % Water & Sewer Fees 382, ,000 (182,448) % 376,656 5, % Building Department Fees 157, ,000 71, % 158,574 (683) -0.43% Other Fees & Charges 165, ,000 (45,019) % 208,935 (43,916) % Total Charges for Service $ 718,445 $ 569,150 $ (149,295) % $ 759,451 $ (41,006) -5.40% Fines, Licenses & Permits Fines & Forfeitures $ 81,065 $ 89,800 $ 8, % $ 50,720 $ 30, % Building, Licenses & Permits 17,000 20,000 3, % 12,850 4, % Other Permits 244, , , % 246,597 (1,909) -0.77% Total Fines, Licenses & Permits $ 342,753 $ 521,300 $ 178, % $ 310,167 $ 32, % Other Sources Sale of Assets $ 8,675 $ 50,000 $ 41, % $ 2,733 $ 5, % Investment Income 310, ,350 (142,266) % 240,352 70, % Other Income 6,472,288 10,960,500 4,488, % 10,378,696 (3,906,408) % Total Other Sources $ 6,791,578 $ 11,178,850 $ 4,387, % $ 10,621,781 $ (3,830,203) % Transfers Transfers In $ 2,924,125 $ 7,244,120 $ 4,319, % $ 6,204,677 $ (3,280,552) % Total Transfers $ 2,924,125 $ 7,244,120 $ 4,319, % $ 6,204,677 $ (3,280,552) % Grand Total $ 36,041,341 $ 69,182,704 $ 33,141, % $ 41,353,056 $ (5,311,715) % Adjustments: Eliminate impact of $ (2,924,125) $ (7,244,120) $ (4,319,995) 40.37% $ (6,204,677) $ 3,280, % Interfund transfers/advances Total Adjustments to Revenue $ (2,924,125) $ (7,244,120) $ (4,319,995) 40.37% $ (6,204,677) $ 3,280, % Adjusted Grand Total $ 33,117,216 $ 61,938,584 $ 28,821, % $ 35,148,379 $ (2,031,163) -5.78%

30 CITY OF NEW ALBANY, OHIO JULY 2017 YTD EXPENDITURE ANALYSIS All Funds YTD $ $ 2017 YTD Unspent % Total Unenc & Avail % YTD YTD 2017 % H/(L) 2017 Budget Balance Unspent Encumbered Balance Available 2016 H/(L) 2016 Salary & Related Salaries & Wages $ 3,490,094 $ 6,861,840 $ 3,371, % $ - $ 3,371, % $ 3,248, , % Taxes & Insurance 1,769,933 3,423,565 1,653, % 809, , % 1,695,981 73, % Other Benefits 84, , , % 40,769 72, % 84,902 (317) -0.37% Total Salary & Related $ 5,344,612 $ 10,483,100 $ 5,138, % $ 850,154 $ 4,288, % $ 5,029, , % Contractual Services Professional Services $ 1,596,883 $ 6,153,192 $ 4,556, % $ 2,210,446 $ 2,345, % $ 1,498,146 98, % Grounds/Park Maint 146,240 1,513,443 1,367, % 116,128 1,251, % 235,624 (89,384) % Total Contractual Services $ 1,743,124 $ 7,666,635 $ 5,923, % $ 2,326,574 $ 3,596, % $ 1,733,770 9, % General Operating Transportation $ 187,114 $ 394,036 $ 206, % $ 132,936 $ 73, % $ 162,102 25, % Supplies 281, , , % 98, , % 298,974 (17,542) -5.87% Street Maintenance 99, , , % 37, , % 176,179 (77,056) % Equipment 109, , , % 36, , % 79,372 30, % Utilities/Maint 291, , , % 382,283 84, % 279,580 11, % Other General Op 9,291,080 27,945,397 18,654, % 334,475 18,319, % 11,681,729 (2,390,649) % Total General Operating $ 10,259,447 $ 30,585,568 $ 20,326, % $ 1,022,074 $ 19,304, % $ 12,677,936 (2,418,489) % Capital Outlay Capital Outlay $ 907,132 $ 2,769,497 $ 1,862, % $ 494,656 $ 1,367, % $ 1,069,496 (162,364) % Street Maint/Repair 4,318,005 24,284,553 19,966, % 7,902,840 12,063, % 2,260,176 2,057, % Water & Sewer 38, , , % 35, , % 116,232 (78,231) % Total Capital Outlay $ 5,263,138 $ 27,275,003 $ 22,011, % $ 8,433,485 $ 13,578, % $ 3,445,904 1,817, % Debt Service Principal Repayment $ 92,095 $ 3,900,000 $ 3,807, % $ - $ 3,807, % $ 176,671 (84,576) % Interest Expense 468,265 1,409, , % 9, , % 558,226 (89,961) % Other Debt Service 131,706 1,994,174 1,862, % 120,675 1,741, % 18, , % Total Debt Service $ 692,066 $ 7,303,184 $ 6,611, % $ 129,686 $ 6,481, % $ 753,426 (61,360) -8.14% Transfers & Advances Advances $ - $ - $ % $ - $ % $ 85,000 (85,000) % Transfers 2,924,125 6,440,668 3,516, % - 3,516, % 6,119,677 (3,195,552) % Total Transfers/Advances $ 2,924,125 $ 6,440,668 $ 3,516, % $ - $ 3,516, % $ 6,204,677 (3,280,552) % Grand Total $ 26,226,511 $ 89,754,159 $ 63,527, % $ 12,761,972 $ 50,765, % $ 29,844,845 $ (3,618,334) % Adjustments: $ % Interfund transf/adv $ (2,924,125) $ (6,440,668) $ (3,516,543) 54.60% $ - $ (3,516,543) 54.60% $ (6,204,677) 3,280,552 Total Adjustments $ (2,924,125) $ (6,440,668) $ (3,516,543) 54.60% $ - $ (3,516,543) 54.60% $ (6,204,677) $ 3,280, % Adjusted Grand Total $ 23,302,386 $ 83,313,491 $ 60,011, % $ 12,761,972 $ 47,249, % $ 23,640,168 $ (337,782) -1.43%

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