Analysis Of The Changes In Cash Balances For Year Ending July 31, 2015
Written by City Councilman John Friend, CPA
.Attached is an analysis of the changes in cash balances for the year ending July 31, 2015. Â We are nearly 13 million in the decline in cash balances compare to 6.7 m the year before. In addition, our city ranks in the lower 8 percentile in the cost of operating a city on a per capita basis.
The cost as published by the Dept of Local Government Finance as of December 31, 2014. We are nearly $1,900 per while the average is $900. Out of 550 cities in Indiana, our town has only 39 cities operating at higher costs then Evansville. This can be verified by googling Indiana Gateway, select report builder, select cash & investments, scroll down to expenditures per capita, select governmental unit only.
When Mayor Winnecke says he has to deal with Property Tax Caps, so do the Mayors of those cities as well and so did Mayor Weinzapfel, who spent less money in the General Fund than he collected.  When Mayor Winnecke says he spent $5 Million Dollars less than what the current City Council approved, he is NOT being honest with the citizens of Evansville.  He failed to collect $15 Million Dollars and this was after the advancements he received from the Evansville Water and Sewer Utilities Department on December 29th of 2014.
Statistical facts, Â Operational Expenses per capita under Weinzapfel watch was that he kept Operating Expenses within the General Fund budget. Â At this juncture, the media apparently has not caught on to this critical financial situation especially the cost per situation and this new July 31, 2015 financial information.
Unfortunately, Mayor Winnecke has failed in the efficiency category as proven by the Statewide reporting as documented in the attached chart posted below.
| EVANSVILLE – FYE JULY 31, 2015 AND JULY 31, 2014 CHANGES IN CASH/FUND BALANCES | ||||||||||
| FISCAL YEAR ENDING JULY 31, 2015 & JULY 31, 2014 | ||||||||||
| Jul-15 | 14-Jul | Varance | 14-Jul | 13-Jul | Varance | |||||
| 101 | General | -$9,694.00 | -$3,430.00 | -$6,264.00 | -$3,430.00 | -$3,188.00 | -$242.00 | |||
| 201 | Motor Vehicle/Hwy | $309.00 | $487.00 | -$178.00 | $487.00 | $10.00 | $477.00 | |||
| 202 | Local Roads & Streets | $2,380.00 | $4,127.00 | -$1,747.00 | $4,127.00 | $4,944.00 | -$817.00 | |||
| 204 | Parks/Recreation | -$482.00 | $571.00 | -$1,053.00 | $571.00 | $124.00 | $447.00 | |||
| 211 | Golf Course Non-Reverting | -$495.00 | -$228.00 | -$267.00 | -$228.00 | $33.00 | -$261.00 | |||
| 217 | Donation | $40.00 | -$3.00 | $43.00 | -$3.00 | $14.00 | -$17.00 | |||
| 218 | Economic Development | $744.00 | $834.00 | -$90.00 | $834.00 | $955.00 | -$121.00 | |||
| 221 | Plan Commission | $114.00 | $51.00 | $63.00 | $51.00 | $0.00 | $51.00 | |||
| 226 | Downtown Parking Garage | -$128.00 | -$61.00 | -$67.00 | -$61.00 | -$26.00 | -$35.00 | |||
| 229 | Emergency Management | $3.00 | $3.00 | $0.00 | $3.00 | $3.00 | $0.00 | |||
| 230 | Federal Grants | $22.00 | $131.00 | -$109.00 | $131.00 | $4.00 | $127.00 | |||
| 231 | Community Dev Block Gr | -$74.00 | -$156.00 | $82.00 | -$156.00 | -$285.00 | $129.00 | |||
| 233 | Local Law Enforcement Cont | $75.00 | $74.00 | $1.00 | $74.00 | $115.00 | -$41.00 | |||
| 241 | Unsafe Building | $43.00 | $34.00 | $9.00 | $34.00 | $0.00 | $34.00 | |||
| 245 | Rainy Day | $2,939.00 | $2,930.00 | $9.00 | $2,930.00 | $2,924.00 | $6.00 | |||
| 246 | Certified Technology Park | $8.00 | $35.00 | -$27.00 | $35.00 | $35.00 | $0.00 | |||
| 250 | Rental Rehab Program | $73.00 | $73.00 | $0.00 | $73.00 | $74.00 | -$1.00 | |||
| 251 | Neighborhood Stabilization | $1,110.00 | $1,120.00 | -$10.00 | $1,120.00 | $1,870.00 | -$750.00 | |||
| 253 | Old Post Office | $53.00 | $53.00 | $0.00 | $53.00 | $41.00 | $12.00 | |||
| 269 | Rental Housing Inspection | $25.00 | $2.00 | $23.00 | $2.00 | $2.00 | $0.00 | |||
| 270 | Sports Non-Reverting | -$155.00 | -$126.00 | -$29.00 | -$126.00 | -$43.00 | -$83.00 | |||
| 271 | Hud Fair Housing | $106.00 | $89.00 | $17.00 | $89.00 | $64.00 | $25.00 | |||
| 272 | Equal Emp Opportunity | $216.00 | $143.00 | $73.00 | $143.00 | $130.00 | $13.00 | |||
| 273 | Historic Preservation | $6.00 | $6.00 | $0.00 | $6.00 | $5.00 | $1.00 | |||
| 275 | Zoo Animal Revolving | $10.00 | $20.00 | -$10.00 | $20.00 | $24.00 | -$4.00 | |||
| 276 | Building Code Books | $3.00 | $3.00 | $0.00 | $3.00 | $3.00 | $0.00 | |||
| 277 | Bicycle License | 4 | $4.00 | $0.00 | $4.00 | $3.00 | $1.00 | |||
| 279 | Emergency Solutions Grant | -$70.00 | -$78.00 | $8.00 | -$78.00 | -$81.00 | $3.00 | |||
| 281 | Housing Trust Fund Grant | $46.00 | $19.00 | $27.00 | $19.00 | $38.00 | -$19.00 | |||
| 282 | EDA Resolving Loan | $870.00 | $870.00 | $0.00 | $870.00 | $1,153.00 | -$283.00 | |||
| 283 | DMD Home Administration | $93.00 | -$1.00 | $94.00 | -$1.00 | -$67.00 | $66.00 | |||
| 286 | IHCDA Blight Elimation Prog | $4.00 | $324.00 | -$320.00 | $324.00 | $0.00 | $324.00 | |||
| 321 | General Obligation Loan | -$45.00 | -$301.00 | $256.00 | -$301.00 | $332.00 | -$633.00 | |||
| 322 | Park Bond Refunding 2010 | $324.00 | $87.00 | $237.00 | $87.00 | $140.00 | -$53.00 | |||
| 324 | Cash TIF Redev Project | -$218.00 | $87.00 | -$305.00 | $87.00 | $87.00 | $0.00 | |||
| 326 | Greenway | $919.00 | $954.00 | -$35.00 | $954.00 | $880.00 | $74.00 | |||
| 327 | TIF Redevelopment Bond | $153.00 | -$17.00 | $170.00 | -$17.00 | $195.00 | -$212.00 | |||
| 331 | Park Bond Refunding 2012 | 2012 | $357.00 | $0.00 | $357.00 | $0.00 | $101.00 | -$101.00 | ||
| 401 | Cash Cumulative Captial Impr | $0.00 | $143.00 | -$143.00 | $143.00 | $0.00 | $143.00 | |||
| 405 | Barrett Law Sidewalk | $357.00 | $311.00 | $46.00 | $311.00 | $225.00 | $86.00 | |||
| 406 | ERC Capital Non-Reverting | $1,089.00 | $1,081.00 | $8.00 | $1,081.00 | $1,217.00 | -$136.00 | |||
| 407 | Jacobville TIF | $4,001.00 | $3,825.00 | $176.00 | $3,825.00 | $2,585.00 | $1,240.00 | |||
| 408 | Master TIF Projects | $1,867.00 | $5,120.00 | -$3,253.00 | $5,120.00 | $8,595.00 | -$3,475.00 | |||
| $0.00 | $0.00 | |||||||||
| 446 | Riverboat | $13,380.00 | $11,478.00 | $1,902.00 | $11,478.00 | $16,222.00 | -$4,744.00 | |||
| 449 | Food & Beverage | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||
| 454 | Sidewalk Improvement Bond | $78.00 | $78.00 | $0.00 | $78.00 | $78.00 | $0.00 | |||
| 473 | Redevelopment Arena Ban | $32.00 | $32.00 | $0.00 | $32.00 | $31.00 | $1.00 | |||
| 474 | Local Income Tax | $4,357.00 | $6,020.00 | -$1,663.00 | $6,020.00 | $7,843.00 | -$1,823.00 | |||
| 475 | Arena bond | $7,924.00 | $6,704.00 | $1,220.00 | $6,704.00 | $1,295.00 | $5,409.00 | |||
| 476 | Evansville Redevelop-Victory | -$165.00 | -$454.00 | $289.00 | -$454.00 | $0.00 | -$454.00 | |||
| 477 | Arts Distrinct | $106.00 | $0.00 | $106.00 | $0.00 | $0.00 | $0.00 | |||
| 703 | Printing & Supplies | $59.00 | $48.00 | $11.00 | $48.00 | $90.00 | -$42.00 | |||
| 704 | Hospitalizatin Insurance | $1,498.00 | $1,646.00 | -$148.00 | $1,646.00 | $3,667.00 | -$2,021.00 | |||
| 705 | Unemployment | $619.00 | $622.00 | -$3.00 | $622.00 | $535.00 | $87.00 | |||
| 706 | Workers Compensation | $302.00 | $176.00 | $126.00 | $176.00 | $625.00 | -$449.00 | |||
| 707 | Liability Insurance | $1,423.00 | $1,712.00 | -$289.00 | $1,712.00 | $2,307.00 | -$595.00 | |||
| 765 | Accounts Payable Clearing | -$21.00 | -$89.00 | $68.00 | -$89.00 | -$33.00 | -$56.00 | |||
| $0.00 | $0.00 | |||||||||
| 801 | Fire Pension | $4,180.00 | $3,947.00 | $233.00 | $3,947.00 | $3,995.00 | -$48.00 | |||
| 802 | Police Pension | $3,560.00 | $3,683.00 | -$123.00 | $3,683.00 | $3,638.00 | $45.00 | |||
| 806 | Payroll | $286.00 | $221.00 | $65.00 | $221.00 | $0.00 | $221.00 | |||
| 807 | Levee Payroll | $3.00 | $2.00 | $1.00 | $2.00 | $0.00 | $2.00 | |||
| 820 | Coleman Trust | $12.00 | $12.00 | $0.00 | $12.00 | $12.00 | $0.00 | |||
| 821 | Mattie Bayard Trust | $6.00 | $6.00 | $0.00 | $6.00 | $6.00 | $0.00 | |||
| 822 | RT Legler Trust | $2.00 | $2.00 | $0.00 | $2.00 | $2.00 | $0.00 | |||
| 823 | Oak Hill Lease Escrow | $5.00 | $5.00 | $0.00 | $5.00 | $5.00 | $0.00 | |||
| 824 | Oak Hill Perpetual Care | $681.00 | $737.00 | -$56.00 | $737.00 | $731.00 | $6.00 | |||
| 825 | Locust Hill Perpetual Care | $137.00 | $135.00 | $2.00 | $135.00 | $133.00 | $2.00 | |||
| 826 | Melzer Trust | $50.00 | $50.00 | $0.00 | $50.00 | $50.00 | $0.00 | |||
| 827 | Evansville Cmmunity Trust | $13.00 | $13.00 | $0.00 | $13.00 | $13.00 | $0.00 | |||
| 836 | Cash CDBG Medtro SBAC | $254.00 | $254.00 | $0.00 | $254.00 | $36.00 | $218.00 | |||
| 837 | CDBG-City Bank of Evansville | $672.00 | $680.00 | -$8.00 | $680.00 | $253.00 | $427.00 | |||
| 838 | CDBG-EDA Revolving Loan | $255.00 | $261.00 | -$6.00 | $261.00 | $333.00 | -$72.00 | |||
| 839 | Berry Plastics Project | $0.00 | $0.00 | $0.00 | $0.00 | $258.00 | -$258.00 | |||
| 854 | American General Project | $0.00 | $245.00 | -$245.00 | $245.00 | $245.00 | $0.00 | |||
| 855 | Arena Bond Additional Project | $337.00 | $1,347.00 | -$1,010.00 | $1,347.00 | $1,347.00 | $0.00 | |||
| 859 | Eville Park Refunding 2010 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
| 860 | Eville Park 12 Sinking Fund | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 862 | Downtown Hotel/Convention | $322.00 | $934.00 | -$612.00 | $934.00 | $0.00 | $934.00 | |||
| 863 | IU Medical Center | $11.00 | $71.00 | -$60.00 | $71.00 | $0.00 | $71.00 | |||
| 864 | Eville Economic Dev 14 Const | $1,050.00 | $0.00 | $1,050.00 | $0.00 | $0.00 | $0.00 | |||
| $0.00 | $0.00 | |||||||||
| $0.00 | $0.00 | |||||||||
| $0.00 | $0.00 | |||||||||
| $0.00 | $0.00 | |||||||||
| $0.00 | $0.00 | |||||||||
| $0.00 | $0.00 | |||||||||
| Total | $48,430.00 | $59,788.00 | -$11,358.00 | $59,788.00 | $66,952.00 | -$7,164.00 | ||||
| OPERATIONAL DEFICIENCY | -$12,766.00 | -$6,796.00 |
Respectfully Submitted
5th Ward City Councilmen John Friend, CPA
John Friend. Who must OK expenditures? You were in a good position to do something about that $1900 per. Why didn’t you?
@commonsense, don’t be a fool. In a corporation, would you blame the Board of Directors–who approve the budget–for not jumping into the game when the revenue didn’t come in and no adjustments were made ? Of course you wouldn’t, the blame always go to the Operating people, which in this case is Winnecke and Lloyd. 100% of the crisis is on those two gents.
Really? Then get rid of the council and let the city be run as the Federal Government is under Obama. No control over the executive whatsoever.
And, if you think government bears any resemblance whatsoever to a private corporation doing business, I’m not the only fool here.
Have to have checks and balances. Some entity has to approve the budget–can’t let the prisoners run the prison. Unfortunately–unlike the corporate world–the City Council can’t fire the Mayor and Controller when they underperform.
because he is NOT the MAYOR IDOIT
The mayor doesn’t handle the money-the council does IDIOT.
Susan . The council approves expenditures. If the mayor overspends, it’s up to the council to reign the mayor in. They have the power to do that. Idiot.
I am sure the original budget submitted and approved did not project these deficits. These deficits are created during the life of the budget for the most part by overspending the accounts. That falls right in the lap of the city controller.
The common council finance committee should require the city controller to appear quarterly before the full council with figures showing the percent each account is expended, and an explanation of any account that has been over expended or is in danger of being over expended, and the controller’s plan for dealing with the over expended account/accounts.
Press, it looks like the problem is actually in the Revenue line. 87% or so, we’re told, of the expenditures are for personnel salaries and benefits. So when the Revenue doesn’t come in as you forecast, and you don’t want to jettison people, for fear of making someone mad about the loss of patronage jobs, you will in fact erode the Cash balances, which is exactly what we’re seeing.
Truth is, they need to rethink their entire operation, and get rid of ENTIRE DEPARTMENTS. But it won’t be done, too many votes in that building. This administration would spend $ 100,000 to have Harding & Shymanski or Umbaugh (Indy) to come in and telling them they’re doing great ! The fat guy from Umbaugh even told them a spending plan was essential, and the bastards thumbed their nose at City Council, never produced one!
Thanks, Friend–this is a real eye opener. These appear to be Fund Cash balances. The City is bleeding Cash.
Don’t buy Winnecke and Rusty Lloyd’s bullshit about “timing of property tax receipts”. This July 31 to July 31 year means that in each year they received the June installment and the December installment, 2 strokes of property tax in each comparative year. $ 12.7 Million decline in the last 12 month period, another $ 6.7 Million decline in the prior 12 month period: over 2 years, poof, $ 19.4 Million + change has evaporated !
I predict big trouble ahead !
Alas, Fund 279 Emergency Solutions Grant is over drafted by $ -70,000 at July 31, 2015. ” Help, we have an emergency !” ” Sorry, no money to fix it”.
Its gone folks, gone. –> https://www.youtube.com/watch?t=3&v=t4S7jafRlJ0
https://kougarov.files.wordpress.com/2013/03/south-park-and-its-gone-meme.jpg?w=869
“Sorry, no money to fix it.” So we’ll put taxpayers on the hook for another $60,000,000 (+ interest).
But, Councilman Friend, the lady on the Whiney commercial says that he has the “city’s finances under control.” so authoritatively. Could she be wrong, or maybe lying?
Whiney and his crew are the boldest, biggest liars in Evansville’s political history, and that is saying a mouthful.
Yep, that’s true. And we thought Weinzapfel left some big shoes to fill. (Guess with what they’re filled.)
This is a revenue problem. A budget is passed and the spending is at the authorized levels. The problem is that the tax base is shrinking and the revenue projections turn out to be wrong. It is the equivalent of a pay cut. Any rational individual who got a pay cut in the middle of the year would cut back spending. Governments do not have the will to do this.
With respect to John Friend’s article on per capita spending, I did a similar article about 4 years ago and the results were similar. Going from memory but it seems like Evansville was spending $1,750 per person then and Fort Wayne was at $1,200. It looks like things have gotten worse.
If the Poop had gotten to give EarthCare all of the money they scammed him for, our Rainy Day fund would be even slimmer by now!
Joe, we could sure use your expertise in assisting with this. Far too many people understand “the big picture” aspect of funding government. Your insight is always valuable.
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