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FiberNet Advisory Board Agenda Packet 03-15-2016AGENDA FIBERNET MONTICELLO ADVISORY BOARD MEETING Tuesday, March 15, 2016 — 6:30 p.m. Boom Island Room, Monticello Community Center Members: Brian Stumpf, Charlotte Gabler, Jon Morphew, Dennis Sullivan, Jacob Kramer Others: Jeff O'Neill, Rachel Leonard, Bryan Rabe 1. Call to Order 2. Additions to Agenda 3. Approval of February 2016 Meeting Minutes 4. Network Update 5. Business Office Update 6. Financial Update 7. Management Update 8. Next Meeting — Tuesday, April 12, 2016 9. Adjourn MINUTES REGULAR MEETING — FIBERNET MONTICELLO ADVISORY BOARD Tuesday, February 911, 2016 Boom Island Room, Monticello Community Center Present: Brian Stumpf, Charlotte Gabler, Jon Morphew, Jacob Kramer (conference call) Absent: Dennis Sullivan Others: Jeff O'Neill, Rachel Leonard, Bryan Rabe, Wayne Oberg, 1. Call to Order Brian Stumpf called the meeting to order at 6:30 PM. 2. Additions to Agenda Network Update was not on the original agenda- added to the meeting in its normal place. 3. Approval of December 2015 Meeting Minutes CHARLOTTE GABLER MOVED TO APPROVE THE DECEMBER 8TH, 2015 REGULAR MEETING MINUTES. JON MORPHEW SECONDED THE MOTION. MOTION CARRIED 4-0. 4. Network Update • Bryan Rabe updated the board on the effects of a recent power outage in Monticello. The headend did not suffer a loss of power due to the back-up equipment in place; however, some customers had problems with their equipment when the power came back on. Techs responded immediately; there was an issue with television that required Calix assistance. Rachel Leonard noted the power outage will likely push the Golden West bill higher in March. The monthly GW invoice amounts are being tracked to monitor the fluctuations each month. • Jeff O'Neill asked about the changes to long distance. Bryan Rabe reported all international long distance has been disabled along with most places included in the extended domestic calling area. Specific areas in extended domestic frequently called by customers have been left available. 5. Business Office Update Rachel Leonard noted television and long distance rates were adjusted as of February 1, 2016. Television rates were adjusted to compensate for raises in the prices FiberNet pays for content. Long distance rates were charged to cover the cost FiberNet pays to provide the service. • The board discussed the rates for internet service. Consensus of the board was that, due to recent price changes in other services and the potential for new management in the next few months, it is not the right time to change internet prices. • Rachel Leonard provided the latest subscriber data. FiberNet Advisory Board Minutes: 02/09/16 6. Financial Update • Wayne Oberg provided an update on financial reports ending 12/31/2015. He informed the board there may be a few last payments necessary to code back to 2015, but the information is fairly close to complete for the year. 7. Management Update • Jeff O'Neill updated the board on the process for selecting a third party manager for FiberNet. He noted in January City Council interviewed three companies and voted to proceed into negotiations with two of the three: Arvig and Consolidated Telecommunications Company (CTC). FiberNet has provided financial and operations information to the companies and they will both be coming for site visits later in February. 8. IRET Update • Jeff O'Neill reported city staff have met with IRET twice in recent weeks to discuss FiberNet providing service to the apartments being built in town. Mr. O'Neill stated the city is still waiting for final plans for IRET and working through questions of exclusivity. 9. Next Meeting The next meeting of the FiberNet Advisory Board is scheduled for March 15, 2016 at 6:30pm in the Boom Island Room at the Monticello Community Center. 10. Adiournment JON MORPHEW MOVED TO ADJOURN THE MEETING. JACOB KRAMER SECONDED THE MOTION. MOTION CARRIED 4-0 AND MEETING ADJOURNED AT 7:40PM. Recorder: Rachel Leonard Approved: Attest: Jeff O'Neill, City Administrator Residential & Business Subscribers (Customer Counts) Service Dec15 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD CHG % Phone Only 31 32 31 31 --- --- --- --- --- --- --- --- --- 0 0.0% Internet Only 646 664 678 693 --- --- --- --- --- --- --- --- --- 47 7.3% Television Only 77 74 72 72 --- --- --- --- --- --- --- --- -5 -8 -6.5% -4.7% Phone & Internet 169 164 163 161 --- --- --- --- --- --- --- --- --- Phone & Television 45 44 43 43 --- --- --- --- --- --- --- --- I --- 1 -2 -4.4% Internet & Television 323 318 309 298 --- --- --- --- --- --- --- --- -25 -7.7% Triple Play 278 278 277 271 --- --- --- --- --- --- --- --- -7 -2.5% Total Subscribers 1569 1574 1573 1569 0 0 0 0 0 0 0 0 0.0% Total Phone 523 518 514 506 --- --- --- --- --- --- --- --- --- -17 -3.3% Total Internet 1416 1424 1427 1423 --- --- --- 7 0.5% Total Television 723 714 701 684 ------ --- -39 -5.4% Total Services 2662 2656 2642 2613 --- --- --- -49 -1.8% Residential & Business Subscribers (Percentage of Customers) Service Dec15 Jan Feb Mar Apr May Jun Jul Aug I Sep Oct Nov Dec Phone Only 2.0% 2.0% 2.0% 2.0% --- --- --- --- --- --- --- --- --- Internet Only 41.2% 42.2% 43.1% 44.2% --- --- --- --- --- --- --- --- --- Television Only 4.9% 4.7% 4.6% 4.6% --- --- --- --- --- --- --- --- --- Phone & Internet 10.8% 10.4% 10.4% 10.3% --- --- --- --- --- --- --- --- --- Phone & Television 2.9% 2.8% 2.7% 2.7% --- --- --- --- --- --- --- --- --- Internet & Television 20.6% 20.2% 19.6% 19.0% --- --- --- --- --- --- --- --- --- Triple Play 17.7% 17.7% 17.6% 17.3% -- --- --- --- --- --- --- --- --- Total Subscribers 100.0% 100.0% 100.0% 100.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Total Phone 19.6% 19.5% 19.5% 19.4% --- --- --- --- --- --- -- Total Internet 53.2% 53.6% 54.0% 54.5% -- --- Total Television 27.2% 26.9% 26.5% 26.2% --- --- Total Services 100.0% 100.0% 100.0% 100.0% --- --- Residential and Business Service Participation (Percentage of Customers) Service I Dec15 I Jan I Feb I Mar I Apr I May I Jun I Jul I Aug I Sep I Oct I Nov I Dec I YTD I CHG % Phone 33% 33% 33% 32% -1% -3% TV 46% 45% 45% 44% -2% -5% Internet 90% 90% 91% 91% 0% 0% Residential Subscribers (Customer Counts) Service Dec15 Jan 16 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD CHG% Phone Only 21 22 21 21 6.8% 6.5% 1 6.5% 6.6% 1 --- --- --- --- --- --- --- --- --- Phone & Television 3.1% 3.0% 2.9% 2.9% --- --- --- --- --- --- --- --- --- 0 0.0% Internet Only 612 627 640 654 18.3% 18.3% 17.9% --- --- --- --- --- --- --- --- --- Total Subscribers 100.0% 100.0% 100.0% 100.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Total Phone 42 6.9% Television Only 76 73 71 71 54.2% 54.7% -- --- --- --- --- --- --- Total Television 29.0% 28.7% 28.4% 27.9% --- --- --- --- -- Total Services 100.0% -5 -6.6% Phone & Internet 97 94 93 95 -2 -2.1% Phone & Television 44 43 42 41 -3 -6.8% Internet & Television 317 315 306 295 -22 -6.9% Triple Play 264 263 1 263 257 -7 -2.7% Total Subscribers 1431 1437 1436 1434 0 0 0 0 0 0 0 0 0 3 0.2% Total Phone 426 422 419 414 1 0 0 1 0 0 1 0 0 0 1 0 0 -12 -2.8% Total Internet 1290 1299 1302 1301 0 0 0 0 0 0 0 0 0 11 0.9% Total Television 1 701 694 682 664 0 0 0 0 0 0 0 0 01 -37 -5.3% Total Services 1 2417 2415 2403 2379 0 0 0 0 0 0 0 0 0 -38 -1.67-/. Residential (Percentage of Customers) Service Dec15 Jan 16 Feb Mar Apr May Jun Jul AugSep Oct Nov Dec Phone Only 1.5% 1.5% 1.5% 1.5% --- --- --- --- --- --- --- --- --- Internet Only 42.8% 43.6% 44.6% 45.6% --- --- --- --- --- --- --- --- --- Television Only 5.3% 5.1% 4.9% 5.0% --- --- --- --- --- --- --- --- --- Phone & Internet 6.8% 6.5% 1 6.5% 6.6% 1 --- --- --- --- --- --- --- --- --- Phone & Television 3.1% 3.0% 2.9% 2.9% --- --- --- --- --- --- --- --- --- Internet & Television 22.2% 21.9% 21.3% 20.6% --- --- --- --- --- --- --- --- --- Triple Play 18.4% 18.3% 18.3% 17.9% --- --- --- --- --- --- --- --- --- Total Subscribers 100.0% 100.0% 100.0% 100.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Total Phone 17.6% 17.5% 17.4% 17.4% --- --- --- --- --- --- --- --- --- Total Internet 53.4% 53.8% 54.2% 54.7% -- --- --- --- --- --- --- Total Television 29.0% 28.7% 28.4% 27.9% --- --- --- --- -- Total Services 100.0% 100.0% 100.0% 100.0% --- --- --- --- -- Residential Service Participation (Percentage of Customers) Service I Dec15 I Jan I Feb I Mar I Apr I May I Jun I Jul I Aug I Sep I Oct I Nov I Dec I YTD I CHG% Phone 30% 29% 29% 29% -1% -3% TV 49% 48% 47% 46% -3% -5% Internet 90% 90% 91% 91% 1% 1% Business Subcribers (Customer Countsl Service Dec15 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD CHG% Phone Only 10 10 10 10 52.2% 51.1% 1 51.1% 48.9% 1 --- --- --- --- --- --- --- --- --- Phone & Television 0.7% 0.7% 0.7% 1.5% --- --- --- --- --- --- --- --- --- 0 0.0% Internet Only 34 37 38 39 10.9% 10.2% 10.4% --- --- --- --- --- --- --- --- --- Total Subscribers 100.0% 100.0% 100.0% 100.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Total Phone 5 14.7% Television Only 1 1 1 1 52.3% 52.1% --- --- --- -- --- --- --- --- --- Total Television 9.0% 8.3% 7.9% 8.S% --- --- --- --- --- --- --- --- --- Total Services 100.0% 0 0.0% Phone & Internet 72 70 70 66 -6 -8.3% Phone & Television 1 1 1 1 2 1 1 100.0% Internet & Television 6 3 3 3 -3 -50.0% Triple Play 14 15 14 14 0 0.0% Total Subscribers 138 137 137 135 0 0 0 0 0 0 0 0 0 -3 -2.2% Total Phone 97 96 95 92 0 0 0 0 0 0 0 0 0 -5 -5.2% Total Internet 126 125 125 122 0 0 0 0 0 0 0 0 0 -4 -3.2% Total Television 22 1 20 19 20 0 0 0 0 0 0 0 0 1 0 1 -2 -9.1% Total Services 245 1 241 239 234 0 0 0 0 0 0 0 0 1 0 -11 -4.5% Business Subscribers (Percentage of Customers) Service Dec15 Jan Feb Mar Apr May Jun Jul AugSep Oct Nov Dec Phone Only 7.2% 7.3% 7.3% 7.4% --- --- --- --- --- --- --- --- --- Internet Only 24.6% 27.0% 27.7% 28.9% --- --- --- --- --- --- --- --- --- Television Only 0.7% 0.7% 0.7% 0.7% --- --- --- --- --- --- --- --- --- Phone & Internet 52.2% 51.1% 1 51.1% 48.9% 1 --- --- --- --- --- --- --- --- --- Phone & Television 0.7% 0.7% 0.7% 1.5% --- --- --- --- --- --- --- --- --- Internet & Television 4.3% 2.2% 2.2% 2.2% --- --- --- --- --- --- --- --- --- Triple Play 10.1% 10.9% 10.2% 10.4% --- --- --- --- --- --- --- --- --- Total Subscribers 100.0% 100.0% 100.0% 100.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Total Phone 39.6% 39.8% 39.7% 39.3% -- --- --- --- --- --- --- --- --- Total Internet 51.4% 51.9% 52.3% 52.1% --- --- --- -- --- --- --- --- --- Total Television 9.0% 8.3% 7.9% 8.S% --- --- --- --- --- --- --- --- --- Total Services 100.0% 100.0% 100.0% 100.0% --- --- --- --- --- --- --- --- --- Business Service Participation (Percentage of Customers) Service I Dec15 I Jan I Feb I Mar I Apr I May I Jun I Jul I Aug I Sep I Oct I Nov I Dec I YTD I CHG % Phone 70% 70% 69% 68% -2% -3% TV 16% 15% 14% 15% -1% -7% Internet 91% 91% 91% 90% -1% -1% Residential & Business Subscribers Service Jan Feb Mar Apr May Jun Jul AugSep Oct Nov Dec Phone Only 32 31 31 Apr May Jun Jul AugSep Oct Nov Dec Internet Only 664 678 693 Television Only 74 72 72 Phone & Internet 164 163 161 Phone & Television 44 43 43 Internet & Television 318 309 298 Triple Play 278 277 271 Total Subscribers 1574 1573 1569 1 0 0 0 1 0 0 0 0 1 0 0 Total Phone 518 514 506 0 0 0 0 0 0 0 0 0 Total Internet 1424 1427 1423 0 0 0 0 0 0 0 0 0 Total Television 1 714 1 701 684 0 1 0 0 0 0 1 0 1 0 0 0 Business Subscribers Service Jan Feb Mar Apr May Jun Jul AugSep Oct Nov Dec Phone Only 10 10 10 Internet Only 37 38 39 Television Only 1 1 1 Phone & Internet 70 70 66 Phone & Television 1 1 2 Internet & Television 3 3 3 Triple Play 15 14 14 Total Subscribers 137 137 135 0 0 0 0 0 0 0 0 0 Total Phone 96 95 92 0 0 0 0 0 0 0 0 0 Total Internet 125 125 122 0 0 0 0 0 0 0 0 0 Total Television 20 19 20 0 0 0 0 0 0 0 0 0 Residential Su scri ers Service Jan Feb Mar Apr May Jun Jul AugSep Oct Nov Dec Phone Only 22 21 21 Internet Only 627 640 654 Television Only 73 71 71 Phone &Internet 94 93 95 Phone & Television 43 42 41 Internet & Television 315 306 295 Triple Play 263 263 257 Total Subscribers 1437 1436 1434 0 0 0 0 0 0 0 0 0 Total Phone 422 419 414 0 0 0 0 0 0 0 0 0 Total Internet 1299 1302 1301 0 0 0 0 0 0 0 0 0 Total Television 694 682 664 0 0 0 0 0 0 0 0 0 Fiber Net 2016 Schedule of Revenue and Expenses (Modified Accrual Basis - No Depreciation) 2/31/2016 Account Number Description Original AmendedBudet Bud et Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD Ytd% Comments g g REVENUE OPERATING REVENUE Totals: 1,690,450 1,690,450 138,942 146,482 285,424 16.9% 656-00000-341180 PEG Access Fee $ 7,435 $ 7,435 $ 592 $ 569 $ $ $ $ $ $ $ $ $ $ $ 1,161 15.6% 656-00000-341190 USF Fee 8,083 8,083 672 663 1,334 16.5% 656-00000-362920 Services - Misc 15,776 15,776 1,321 1,321 2,642 16.7% 656-00000-362990 Other Miscellaneous Revenue 2,001 2,001 15 1,535 1,549 77.4% 656-00000-380510 Television Services 619,082 619,082 45,996 48,729 94,725 15.3% 656-00000-380520 Internet Services 659,011 659,011 55,770 55,639 111,409 16.9% 656-00000-380522 Equipment Rental/Purchase 128,502 128,502 12,421 13,115 25,536 19.9% 656-00000-380530 Phone Services 267,617 267,617 24,424 24,177 48,601 18.2% 656-00000-380531 Long Distance 15,517 15,517 710 2,934 2,934 --- 656-00000-380540 CABS Revenue 6,000 6,000 - - - 0.0% 656-00000-380542 Late Fees 16,260 16,260 1,390 1,505 2,895 17.8% 656-00000-380545 Discounts Offered -Taxable (26,213) (26,213) (2,113) (2,027) (4,141) 15.8% 656-00000-380546 Discounts Offered -Non Taxable (42,107) (42,107) (3,252) (3,164) (6,416) 15.2% 656-00000-380557 Miscellaneous Charges 27,520 27,520 1,709 1,349 3,058 11.1% 656-00000-380558 Misc Charges -Non Taxable 1,483 1,483 (3) 138 135 9.1% Dept 49870 OPERATING REVENUE Totals: 1,690,450 1,690,450 138,942 146,482 285,424 16.9% EXPENSE Salaries Part -Time OT 656-49877-410400 Salaries Other -Reg Dept 49870 General & Administration 656-49870-410100 Salaries Full -Time Reg 184,238 184,238 11,622 10,022 21,644 11.7% 656-49870-410200 Salaries Full -Time OT 600 600 36 18 55 9.1% 656-49870-410300 Salaries Part -Time Reg 18,000 18,000 1,238 1,316 2,554 14.2% 656-49870-410310 Salaries Part -Time. OT - - - - - --- 656-49870-410400 Salaries Temporary -Reg - - - - - --- 656-49870-412100 Pera Contributions 15,213 15,213 727 852 1,579 10.4% 656-49870-412200 Fica Contributions 15,517 15,517 710 828 1,539 9.9% 656-49870-413100 Health Insurance Contributions 56,421 56,421 3,663 3,663 7,326 13.0% 656-49870-413300 Life Insurance Contributions 300 300 17 25 42 14.1% 656-49870-413400 Disability Ins Contributions 600 600 24 35 60 9.9% 656-49870-415100 Workers Comp 644 644 - - - 0.0% 656-49870-421990 Gen Operating Supplies 17,088 17,088 3,836 3,836 22.4% 656-49870-430400 Legal Fees 9,600 9,600 371 371 3.9% 656-49870-430700 Management Services (GM) - - - - --- 656-49870-431800 Professional Services -Billings 26,400 26,400 2,059 2,000 4,059 15.4% 656-49870-431970 Regulatory Professional Svcs 9,600 9,600 - - - 0.0% 656-49870-431990 Miscellaneous Prof Services 24,000 24,000 296 6,608 6,904 28.8% 656-49870-432100 Telephone/Internet 1,800 1,800 - - - 0.0% 656-49870-432150 Internal IT Services 26,929 26,929 2,244 2,244 4,488 16.7% 656-49870-432200 Mail & Delivery Services 8,400 8,400 567 575 1,142 13.6% 656-49870-432500 Cable/Network Services 8,600 8,600 - - - 0.0% 656-49870-433200 Training/Conferences 1,200 1,200 0.0% 656-49870-434600 Marketing 1,800 1,800 0.0% 656-49870-436100 LPV Insurance 9,165 9,165 5,346 - 5,346 58.3% 656-49870-440100 Repair and Maint-Buildings 2,400 2,400 - 190 190 7.9% 656-49870-441200 Building/Room Rental 16,980 16,980 1,415 1,415 2,830 16.7% 656-49870-443200 Write Offs 21,600 21,600 1,291 (186) 1,105 5.1% 656-49870-443300 Dues Membership and Subscrip 1,300 1,300 - 100 100 7.7% 656-49870-443700 Licenses And Permits 1,625 1,625 80 - 80 4.9% 656-49870-443980 Bank Charges 12,000 12,000 803 959 1,762 14.7% 656-49870-443990 Miscellaneous Other Exp 6,000 6,000 5 (3) 2 0.0% 656-49870 EXPENSE TotaIS: 498,020 498,020 32,145 34,869 67,013 13.5% Dept 49870 Field Operations 656-49877-410100 Salaries Full -Time Reg 226,313 226,313 22,903 18,057 40,960 18.1% 656-49877-410200 Salaries Full -Time OT 12,000 12,000 852 1,810 2,661 22.2% 656-49877-410300 Salaries Part -Time Reg - - - - - --- 656-49877-410310 Salaries Part -Time OT 656-49877-410400 Salaries Other -Reg Account Number Description Original AmendedBudet Bud et Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD Ytd% Comments g g 656-49877-412100 Pera Contributions 17,873 17,873 1,176 1,490 2,666 14.9% 656-49877-412200 Fica Contributions 18,231 18,231 1,163 1,471 2,634 14.4% 656-49877-412300 Medicare Contributions - - - - - --- 656-49877-413100 Health Insurance Contributions 66,539 66,539 5,440 5,440 10,880 16.4% 656-49877-413300 Life Insurance Contributions 600 600 23 37 60 10.1% 656-49877-413400 Disability Ins Contributions 1,200 1,200 36 57 93 7.7% 656-49877-414200 UC Benefit Payments - - - - - --- 656-49877-415100 Work Comp Ins Premiums 5,896 5,896 4,384 $ (32,671) $ $ $ $ $ $ $ $ $ $ 4,384 74.4% 656-49877-421110 Clothing Supplies 1,800 1,800 - - - 0.0% 656-49877-421200 Motor Fuels 3,600 3,600 25 89 114 3.2% 656-49877-421800 Fiber/Video/Phone Supplies 73,000 73,000 - 7,523 7,523 10.3% 656-49877-421990 Gen Operating Supplies 30,000 30,000 1,152 2,790 3,943 13.1% 656-49877-422500 Landscaping Materials - - - - - --- 656-49877-422990 Misc Repair and Maint Supplies - - --- 656-49877-424100 Small Tools ($500-$9999) 6,000 6,000 - - - 0.0% 656-49877-431900 Maintenance & Support Services (1) 108,000 108,000 8,970 29,400 38,370 35.5% 656-49877-431990 Miscellaneous Prof Services 12,000 12,000 - 658 658 5.5% 656-49877-432770 Gopher State Locates 1,800 1,800 77 77 4.3% 656-49877-433100 Travel Expense - - - - --- 656-49877-433200 Training/Conferences - - - - - --- 656-49877-438100 Electric 24,000 24,000 1,866 1,578 3,444 14.3% 656-49877-438200 Water/Sewer 900 900 - - - 0.0% 656-49877-438400 Refuse/Recycling Services 1,200 1,200 - - 0.0% 656-49877-440100 R&M-Buildings/Systems 24,000 24,000 1,481 1,481 6.2% 656-49877-440440 R&M -Mach & Equip 4,000 4,000 - - 0.0% 656-49877-440500 R&M -Vehicles 4,000 4,000 0.0% 656-49877-443990 Miscellaneous Other Exp 6,000 6,000 0.0% 656-49877-458010 Other Equipment - - --- 656-49877 EXPENSE Totals: 648,952 648,952 47,990 71,960 119,950 18.5% Dept 49879 Cost of Goods Sold 656-49879-430910 Voice -Technical Services 68,280 68,280 5,512 4,994 10,506 15.4% 656-49879-430920 Video -Technical Services 661,260 661,260 48,865 49,394 98,259 14.9% 656-49879-430930 Data -Technical Services 159,300 159,300 17,819 17,870 35,689 22.4% 656-49879-443720 Video -Licenses and Permits - - - 67 67 --- 656-49879 EXPENSE Totals: 888,840 888,840 72,196 72,324 144,521 16.3% OPERATING EXPENSE Totals: 2,035,812 2,035,812 152,331 179,153 331,484 16.3% OPERATING (LOSS) $ (345,362) $ (345,362) $ (13,390) $ (32,671) $ $ $ $ $ $ $ $ $ $ $ (46,061) 13.3% OPERATING - average monthly (loss) Notes: (1) Lump sum (i.e. annual, semi-annual, etc.) service payments will be re -distributed by months covered as the year progresses. (23,030) --- Months Year % 2 12 16.7% Orig. Amended SUMMARY Description Budget Budget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD Ytd% OPERATING (LOSS) $ (345,362) $ (345,362) $ (13,390) $ (32,671) $ $ $ $ $ $ $ $ $ $ $ (46,061) 13.3% NONOPERATING (REV)/EXP: Investment Earnings 656-00000-362400 Sale of City Property - - - - - --- 656-00000-392000 Operating Transfer In 350,000 350,000 29,167 29,167 58,334 16.7% NET $ 4,638 $ 4,638 $ 15,777 $ (3,504) $ $ $ $ $ $ $ $ $ $ $ 12,273