City of Detroit Cash Flow Forecast Report

PRELIMINARYDRAFT
4A+8FCashFlowForecastReport
DRAFTSubjecttoChange
ForDiscussionPurposesOnly
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PRELIMINARYDRAFT
TableofContents
Page
Title
Comments
CashPosition
City'scashpositionon10/28/11of$96.1million
GeneralFund:Variance17weeksended10/28/11
Variancebetween08/09/11Forecast(OriginalForecast)andactualreceipts
anddisbursementsforthe17weeksended10/28/11
GeneralFund:Reforecast13weeksending01/27/12
13weekreforecastofcashreceiptsanddisbursementsthrough01/27/12
10
GeneralFund:Reforecast4A+8F
G
lF d R f
t 4A 8F
M
MonthlyreforecastthroughendofFY2012,06/30/12with$44millionshortfall
thl
f
t th
h d f FY 2012 06/30/12 ith $44 illi
h tf ll
1216
Water&Sewerage:Variancereportandreforecast
Variancereportfor17weeksended10/28/11andmonthlyreforecastthrough06/30/11
1822
DDOT(Transportation)Variancereportandreforecast
2428
MunicipalParking:Variancereportandreforecast
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CashPosition
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CashPosition
Asof10/28/11
$inmillions
GeneralFund
EnterpriseFunds
Other
Debt
Capital
Service
Projects
Zero
Balance3
Total
$0.1

0.1
$ 86.3
71.6
158.0
106.0
38.3
144.3
36.9

36.9
249.8
460.1
709.9

12.2 106.0 37.0
9.7 5.7 38.3
$9.7 $ 17.9 $ 144.3 $ 37.0
336.2
531.7
$ 867.9
GFMain
GFOther
Grant
NonRestricted
Operatingaccounts
Investmentaccounts
Totalnonrestricted
$51.3
61.4
112.7
$3.3

3.3
$ 20.4 $2.2 $7.8 $0.2 $1.0

2.8 7.5 0.0 0.0
23.2 9.7 7.8 0.2 1.0
Restricted
Operatingaccounts
Investmentaccounts 2
Totalrestricted
8.6
8.6
16.8
8.5
25.4
18.0
164.8
182.8

9.7
9.7
12.2
5.7
17.9
Total
Cashinoperatingaccounts
Cashininvestmentaccounts
Totalcash
51.3
70.0
$121.3
3.3

$3.3
16.8
8.5
$ 25.4
38.4 60.8 7.8 1.5 1.0

167.6 231.9 0.0 0.0
$ 206.0 $ 292.6 $7.8 $1.5 $1.0
GFnonrestrictedcash
Requiredtaxdistributions
Cashafterrequireddistributions
112.7
(16.6)
$96.1
Water
Sewer
58.6
224.4
283.0
DDOT
0.1
0.0
0.1
Airport
Parking
1.2

1.2
DSA
Notes:
1.Additionalresearchisunderwaytoensureallrestrictedcashhasbeensegregated
2 Restricted General Fund investment account primarily consists of POC collateral hold back collections
2.RestrictedGeneralFundinvestmentaccountprimarilyconsistsofPOCcollateralholdbackcollections
3.Zerobalanceaccountsincludeclearingaccountsforoperations(i.e.lockboxcollections,payroll,A/R)
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VarianceReport&Reforecast
GeneralFund
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GeneralFund
Variance17weeksended10/28/11
$inmillions
Endingcashbalanceasof10/28/11
Actualnetofrequireddistribution
OriginalForecastnetofrequireddistribution
Variance
$ 96.1
115.5
(19.4)
VarianceDetail
Neteffectoflowerpropertytaxcollectionscurrentyear
Propertytaxdistributionsprioryear
Incometaxcollections
Gamingtaxes
Municipalservicesfeecasinorelated
Distributablestateaid
Miscellaneousreceipts
A/Pandmiscellaneousdisbursements
Payroll
Debtservice
Subsidy(DDOT,Airport,Museums)
Other
Total
(18.1)
(11.9)
(11.5)
7.6
7.4
14.0
19.6
(21.2)
(5.1)
1.1
(3.0)
1.7
$ (19.4)
Endingcashadjustedfortimingrelatedvariances
Actualcashbalanceasof10/28/11netofrequireddistributions
Reversaloftimingrelatedvariances
Endingcashbalanceafterreversaloftimingrelatedvariances
96.1
(6.1)
$90.0
Permanent
(18.1)
(11.9)
(11.5)
4.2
(1.2)
14.0
(5.1)
2.7
(1.5)
2.8
$ (25.5)
Timing
3.4
8.6
19.6
(21.2)
(1.6)
(1.5)
(1.2)
$ 6.1
Note
1
2
3
4
5
6
7
8
9
10
11
12
Notes:
1. Currentyearreceiptstrackinglowerthanforecast;variancetodateassumedtobepermanent
2. Distributionsrelatedtoprioryearwerehigherthanforecast;amountassumedtobepermanent
3. Receiptstrackinglowerthanforecast,duetorevenueinitiativesnotbeingfullyrealized;varianceassumedtobepermanent
4. Permanentportionduetohighertaxesfromfavorablegamingrevenues;remainderassumedtobetimingrelated
5. PrimarilytimingrelatedsincefeewasforecasttobecollectedinNovember;howeverreceiptwas$1.2millionlowerthanforecast
6. Higheractualreceiptstodatehaveexceededforecast;varianceassumedtobepermanent
7. Varianceduetoclassificationdifferencesbetweenforecastandactual.ShouldbenettedwithA/Pandmiscellaneousdisbursements
8. Varianceduetoclassificationdifferencesbetweenforecastandactual.Shouldbenettedwithmiscellaneousreceipts
9. $2.4millionrelatedtoprioryearwithholdingspayment;remainingvarianceduetopayrolltrackinghigherthanforecast
10. PermanentportionrelatedtoDSAUTGOdebtthatispaidbyDebtServicefund.Timingportionlargelyduetoreimbursementfromenterprisefunds
11. $1.5millionpermanentvarianceduetohigherthanforecastsubsidytoDDOT;additionalvariancesduetoairportandmuseumsubsidies
12. Therehavebeenanetof$7.6millionfavorabletimingvariancesthrough10/28/11whichareexpectedtoreversebyendoffiscalyear.Ifnot
forthefavorabletimingofthesevariances,cashpositioncouldbe$7.6millionlower
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GeneralFund
$inmillions
Q12012
October2011
Cumulative
Forecast
Weeks113
7/49/30
Actual
Weeks113
7/49/30
Variance
Weeks113
7/49/30
Forecast
Week1417
10/110/28
Actual
Week1417
10/110/28
Variance
Total
10/110/28
Forecast
Weeks117
7/410/28
Actual
Weeks117
7/410/28
Variance
Total
7/410/28
OperatingReceipts
Propertytaxes
Incometaxes
Gamingtaxes
Municipalservicefeetocasinos
DistributableStateaid
Parkingviolations
Fire&EMSservices
Reimbursementsfromotherfunds
Totalreceipts
$ 309.3
74.9
35.7

65.0
2.5
3.0
107.3
1.5
599.2
$ 262.5
63.7
44.6
7.4
79.0
2.4
2.2
128.6
10.7
601.1
$ (46.8)
(11.1)
8.9
7.4
14.0
(0.1)
(0.8)
21.3
9.2
2.0
$ 8.5
23.5
13.8

0.8
1.0
26.5
8.0
82.2
$5.2
23.2
12.5
0.6
1.0
24.8
0.5
67.7
$ (3.3)
(0.3)
(1.3)

(0.2)
(0.1)
(1.7)
(7.5)
(14.5)
$ 317.8
98.4
49.5

65.0
3.3
4.0
133.8
9.5
681.3
$ 267.7
86.9
57.1
7.4
79.0
3.0
3.2
153.4
11.2
668.8
$ (50.1)
(11.5)
7.6
7.4
14.0
(0.3)
(0.9)
19.6
1.7
(12.5)
Operatingdisbursements
Payroll,taxes,&deductions
Benefits
Pensioncontributions
Subsidypayments
Distributions(w/oDDAincrement)
DDAincrementdistributions
Incometaxrefunds
A/Pdisbursements
Miscellaneousdisbursements
Loandisbursementstootherfunds
Subtotaloperatingdisbursements
(116.4)
(54.8)
(27.2)
(21.7)
(213.8)

(5.1)
(78.8)
(13.1)
(0.2)
(531.1)
(119.7)
(56.3)
(27.3)
(26.7)
(175.0)

(5.3)
(98.7)
(14.6)
(3.2)
(526.7)
(3.3)
(1.5)
(0.1)
(4.9)
38.8

(0.3)
(19.9)
(1.5)
(3.0)
4.4
(33.8)
(18.3)
(8.7)
(3.5)
(4.1)

(1.8)
(27.4)
(4.4)

(101.9)
(35.6)
(17.7)
(1.5)
(1.5)
(5.2)
(1.3)
(26.6)
(5.1)
(2.3)
(96.7)
(1.8)
0.6
7.2
1.9
(1.1)

0.4
0.8
(0.7)
(2.3)
5.2
(150.2)
(73.0)
(35.9)
(25.2)
(217.9)

(6.9)
(106.2)
(17.5)
(0.2)
(633.0)
(155.3)
(73.9)
(28.8)
(28.2)
(180.2)

(6.7)
(125.3)
(19.6)
(5.5)
(623.4)
(5.1)
(0.9)
7.1
(3.0)
37.7

0.2
(19.1)
(2.1)
(5.3)
9.6
Debt&POCPayments
POCrelatedswappayments
POCrelatedprincipal&interest
POCrelatedreimbursements
DSAUTGObondsetasides
LTGO&Otherdebtpayments
Otherdebtreimbursements
Subtotaldebt&POCpayments
(12.7)

1.4
(1.3)
(2.8)

(15.4)
(12.7)

(4.8)

(17.5)
(0.0)

(1.4)
1.3
(2.1)

(2.2)
(4.2)

(1.3)
(7.4)
0.2
(12.8)
(4.2)
(5.3)
(9.5)
0.0

1.3
2.1
(0.2)
3.3
(16.9)

1.4
(2.7)
(10.1)
0.2
(28.1)
(16.9)

(10.1)

(27.0)
(0.0)

(1.4)
2.7
0.0
(0.2)
1.1
(546.5)
(544.3)
2.2
(114.7)
(106.2)
8.5
(661.2)
(650.5)
10.7
NetCashFlow
Cumulativenetcashflow
52.7
56.9
4.2
(32.5)
29.3
(38.5)
17.8
(6.0)
20.2
29.3
18.4
17.8
(1.8)
Beginningcashbalance
Netcashflow
Cashbalancebeforerequireddistributions
95.3
52.7
148.0
95.3
56.9
152.2

4.2
4.2
148.0
(32.5)
115.5
152.2
(38.5)
113.7
4.2
(6.0)
(1.8)
95.3
20.2
115.5
95.3
18.4
113.7

(1.8)
(1.8)
FY2012propertytaxdistributionrollforward
Beginningaccumulatedpropertytaxdistribution
Portionofpropertytaxtobedistributed
Actualcurrentyeardistributionmade
Endingaccumulatedpropertytax

(198.8)
198.8

(168.4)
148.1
(20.3)

(4.1)
4.1

(20.3)
(2.5)
5.2
(17.6)

(202.9)
202.9

(170.9)
153.3
(17.6)
Endingcashnetofdistributions
$ 148.0
$ 131.9
$ 115.5
$96.1
$ 115.5
$ 96.1
Totaldisbursements
$ (16.1)
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$ (19.4)
$ (19.4)
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PRELIMINARYDRAFT
GeneralFund
Reforecastthrough06/30/12
$inmillions
EndingcashonJune30,2012(perOriginalForecast)
Neteffectoflowerpropertytaxcollectionscurrentyear
Propertytaxdistributionsprioryear
Incometaxcollections
Gamingtaxes
Municipalservicesfee:casinos
DistributableStateaid
Payroll
Pension
Subsidy
Other
$54.9
Note
(18.1)
(11.9)
(11.5)
4.2
(1.2)
15.1
(5.1)
(6.5)
(1.5)
3.5
1
2
3
4
5
6
7
8
9
EndingcashonJune30,2012(reforecast)
22.0
Riskadjustments
IncrementalDDOTsubsidy
Incometaxrevenueinitiatives
Electricalfees(DPS)
Parkingbootinitiative
Costsavings
(18.2)
(22.9)

(10.0)
(15.0)
Totalriskadjustments
(66.1)
EndingcashbalanceonJune30,2012(riskadjusted)
$ (44.1)
10
11
12
13
14
Notes:
1.Loweractualreceiptstodateassumedtobepermanent
2.Distributionsrelatedtoprioryearwerehigherthanforecast;amountassumedtobepermanent
3.Loweractualreceiptstodateassumedtobepermanent
4.$4.2millionincrementalcasinotaxreceivedforcasinoreceiptsgreaterthan$400million
5.ActualreceiptinAugustwas$1.2millionlowerthanforecast;assumedtobepermanent
6.Higheractualreceipttodateassumedtobepermanent
7.$2.4millionduetopaymentrelatedtowithholdingsfromprioryear;$2.6millionFY2012varianceassumedtobepermanent
8.EstimatedGRScontributionpaymentsrevisedbasedonmostrecentactuarialreport
9.Includes$1.5millionofpermanentvarianceforAirportandMuseumsubsidies.DDOTsubsidyvarianceconsideredtimingrelated
10.BasedonDDOTOctober28,2011cashforecastforFY2012;totalriskof$18.2million
11.Assumesportionofincometaxrevenueinitiativesarenotrealized,basedonactualperformancetodate
12.DPSriskadjustmentremovedbasedonagreementwithDPStopay$15millionofpastdueamount
13.Reductionduetopotentialdelayofbootrevenueinitiative
14.Assumes$15millionoftheCityCouncilmandated$25millionofcostsavingsarenotrealizedduringFY2012
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GeneralFund
Reforecast13weeksending01/27/12
$inmillions
Actual
17weeksended
10/28/11
Forecast
Week1
11/4/11
Forecast
Week2
11/11/11
Forecast
Week3
11/18/11
Forecast
Week4
11/25/11
Forecast
Week5
12/2/11
Forecast
Week6
12/9/11
Forecast
Week7
12/16/11
Forecast
Week8
12/23/11
Forecast
Week9
12/30/11
Forecast
Week10
1/6/12
Forecast
Week11
1/13/12
Forecast
Week12
1/20/12
Forecast
Week13
1/27/12
Total
13weeksended
1/27/12
OperatingReceipts
Propertytaxes
Incometaxes
Gamingtaxes
Parkingviolations
Fire&EMSservices
$ 267.7
86.9
57.1
7.4
79.0
3.0
3.2
153.4
11.2
$ 1.6 $ 1.6 $ 1.6 $ 1.6 $ 11.8 $ 11.8 $ 11.8

6.6 6.6 6.6 6.6 5.2 5.2 5.2
4.3 4.3 4.3 4.3 3.5 3.5 3.5

4.0

4.6

29.1

0.2 0.2 0.2 0.2 0.2 0.2 0.2
0.3 0.3 0.3 0.3 0.3 0.3 0.3
6.4 6.4 6.4 6.4 6.5 6.5 6.5

$ 11.8 $ 11.8 $ 35.3 $ 35.3 $ 35.3 $ 35.3

5.2 5.2 6.7 6.7 6.7 6.7
3.5 3.5 4.0 4.0 4.0 4.0

28.4

0.2 0.2 0.2 0.2 0.2 0.2
0.3 0.3 0.3 0.3 0.3 0.3
6.5 6.8 9.6 9.6 9.6 9.6

$ 206.5
79.2
50.6
8.6
57.5
2.6
3.5
96.8

Totalreceipts
668.8
19.3
48.4
23.3
19.3
27.5
27.5
32.1
27.5
27.8
84.4
56.0
56.0
56.0
505.3
OperatingDisbursements
Benefits
Subsidypayments
Incometaxrefunds
A/Pvendors
(155.3)
(73.9)
(28.8)
(28.2)
(180.2)

(6.7)
(125.3)
(19.6)
(5.5)
(12.3)

(7.2)
(0.0)
(4.9)

(0.1)
(5.9)
(1.0)

(6.6)

(0.0)
(0.8)

(0.1)
(5.9)
(1.0)

(14.0)

(0.0)
(0.8)

(0.1)
(5.9)
(1.0)

(11.3)

(9.5)
(0.0)
(0.8)

(0.1)
(5.9)
(1.0)

(12.5)

(0.0)
(8.5)

(0.1)
(5.5)
(0.8)

(6.1)

(0.0)
(8.5)

(0.1)
(5.5)
(0.8)

(12.8)

(0.0)
(8.5)
(10.0)
(0.1)
(5.5)
(0.8)

(5.8)

(0.0)
(8.5)

(0.1)
(5.5)
(0.8)

(12.0)
(20.9)
(9.4)
(0.0)
(8.5)

(0.1)
(5.5)
(0.8)

(6.0)

(0.0)
(25.8)

(0.2)
(7.2)
(1.0)

(11.5)

(9.4)
(0.0)
(25.8)

(0.2)
(7.2)
(1.0)

(5.3)

(0.0)
(25.8)

(0.2)
(7.2)
(1.0)

(11.5)
(20.9)

(0.0)
(25.8)

(0.2)
(7.2)
(1.0)

(127.7)
(41.7)
(35.5)
(0.2)
(153.0)
(10.0)
(1.3)
(79.8)
(12.3)

(623.4)
(31.5) (14.4) (21.8) (28.6) (27.4) (21.0) (37.7) (20.7) (57.2) (40.2) (55.0) (39.5) (66.6)
(461.6)
POC&otherdebtpayments
SubtotalPOC&otherdebt
(16.9)

(10.1)

(27.0)

(1.1)

(1.1)
(4.2)

(4.2)
(12.7)
(17.0)
6.1

(3.2)
0.2
(26.7)
Totaldisbursements
(650.5)
(32.7) (14.4) (21.8) (32.9) (29.5) (21.0) (37.7) (37.7) (55.3) (40.2) (55.0) (39.5) (70.8)
(488.3)
Netcashflow
18.4
18.4
(13.4) 34.0
5.0 39.0
(14.8)
35.3
16.9
35.3
95.3
18.4
$ 113.7
113.7 100.3 134.3 135.8 122.2 120.2 126.8 121.2 111.0 83.6 127.8 128.9 145.4
(13.4) 34.0 1.5 (13.6) (2.0) 6.5 (5.6) (10.2) (27.4) 44.2 1.0 16.5 (14.8)
$100.3 $ 134.3 $ 135.8 $ 122.2 $ 120.2 $ 126.8 $121.2 $ 111.0 $ 83.6 $ 127.8 $ 128.9 $ 145.4 $ 130.6
113.7
16.9
$ 130.6

(170.9)
153.3
(17.6) (13.5) (13.5) (13.5) (13.5) (12.9) (12.3) (11.8) (11.2) (10.6) (10.1) (9.5) (9.0)
(0.8) (0.8) (0.8) (0.8) (8.0) (8.0) (8.0) (8.0) (8.0) (25.2) (25.2) (25.2) (25.2)
4.9 0.8 0.8 0.8 8.5 8.5 8.5 8.5 8.5 25.8 25.8 25.8 25.8
(17.6)
(143.8)
153.0
(17.6)
(13.5) (13.5) (13.5) (13.5) (12.9) (12.3) (11.8) (11.2) (10.6) (10.1) (9.5) (9.0) (8.4)
(8.4)
$ 96.1
$ 86.9
$ 122.2
Netcashflow
CashBalancebeforerequireddistributions
FY2012propertytaxdistributionrollforward
Beginningaccumulatedpropertytaxdistribution
Portionofpropertytaxtobedistributed
Actualcurrentyeardistributionmade
$ 120.8
1.5
40.5
$ 122.3
(4.2)

(4.2)

(2.1)

(2.1)
(13.6) (2.0) 6.5

26.9 24.9 31.5
$ 108.8
$ 107.4
$ 114.4
9of29

(17.0)

(17.0)
(4.2)

6.1

0.2
2.0

(0.0)

(0.0)
(5.6)
(10.2) (27.4) 44.2

25.9 15.7 (11.7) 32.5
$109.4
$ 99.8
$ 73.0
$ 117.8
1.0
33.6
$ 119.3
16.5
50.1
$ 136.4
$ 122.2
11/16/20113:59PM
PRELIMINARYDRAFT
GeneralFund
ReforecastFY20124A+8F
$inmillions
Actual
Jul11
Actual
Aug11
Actual
Sep11
Actual
Oct11
Forecast
Nov11
Forecast
Dec11
Forecast
Jan12
Forecast
Feb12
Forecast
Mar12
Forecast
Apr12
Forecast
May12
Forecast
Jun12
4A+8F
Forecast
FY2012
Budget
FY2012
OperatingReceipts
Propertytaxes
Incometaxes
Gamingtaxes
Parkingviolations
Fire&EMSservices
$25.9
17.4
13.1

34.4
1.0
0.3
37.8
7.3
$194.3
20.1
6.5
7.4

0.6
0.8
38.5
1.7
$42.3
26.3
25.0

44.6
0.8
1.1
52.3
1.7
$5.2
23.2
12.5

0.6
1.0
24.8
0.5
$6.3
26.4
17.0
4.0
29.1
0.8
1.2
25.4

$59.2
26.2
17.6
4.6

0.9
1.3
32.8

$141.1
26.7
15.9

28.4
0.8
1.0
38.5

$19.5
29.0
14.6

0.8
1.0
23.9

$11.0
29.2
15.7

22.5
0.9
1.1
41.5

$2.0
33.7
15.5

0.9
1.1
30.5

$1.4
33.3
15.5

21.8
0.9
1.1
41.9

$52.8
26.1
13.0

0.9
1.1
42.5

$560.9
317.5
182.0
15.9
180.8
9.9
12.0
430.4
11.2
$155.1
312.0
177.8
17.1
165.6

392.9

Totalreceipts
137.2 269.9 194.1 67.7 110.3 142.6 252.4 88.9 121.9 83.6 115.9 136.3
1,720.7
1,220.5
Benefits
Subsidypayments
Incometaxrefunds
A/Pvendors
(39.6)
(20.6)
(9.6)
(9.8)
(20.9)

(2.6)
(29.3)
(10.0)
(3.0)
(47.3)
(20.9)
(9.1)
(4.1)
(16.1)
(14.0)
(2.9)
(16.2)
(4.1)

(473.8)
(220.0)
(110.5)
(54.8)
(378.9)
(24.0)
(17.0)
(311.9)
(52.5)
(5.5)
(622.6)

(65.8)
(52.0)

(6.7)

(217.0)

(145.5) (177.2) (204.1) (96.7) (96.4) (164.0) (201.2) (125.7) (106.9) (106.2) (90.1) (134.7)
(1,648.8)
(964.0)
POC&otherdebtpayments
SubtotalPOC&otherdebt
(4.2)

(2.5)

(6.7)
(4.2)
(33.9)
7.8

(2.1)

(32.4)
(50.7)
(50.8)
15.3

(59.4)
0.3
(145.3)
(50.7)
(118.8)

(56.7)

(226.3)
Totaldisbursements
(152.2) (177.2) (214.9) (106.2) (101.7) (181.1) (205.5) (132.3) (109.7) (133.7) (112.4) (167.1)
(1,794.1)
(1,190.3)
Netcashflow
(15.0) 92.7 (20.8) (38.5) 8.6 (38.6) 47.0 (43.4) 12.2 (50.2) 3.5 (30.8)
(15.0) 77.7 56.9 18.4 26.9 (11.7) 35.3 (8.1) 4.1 (46.1) (42.6) (73.4)
(73.4)
(73.4)
30.2
95.3 80.3 173.0 152.2 113.7 122.2 83.7 130.6 87.2 99.4 49.3 52.7
(15.0) 92.7 (20.8) (38.5) 8.6 (38.6) 47.0 (43.4) 12.2 (50.2) 3.5 (30.8)
$80.3 $ 173.0 $ 152.2 $ 113.7 $ 122.2 $ 83.7 $ 130.6 $87.2 $ 99.4 $ 49.3 $ 52.7 $ 22.0
95.3
(73.4)
$ 22.0
Netcashflow
CashBalancebeforerequireddistributions
(37.7)
(17.6)
(1.3)
(5.6)
(84.0)

(2.1)
(24.9)
(3.8)
(0.1)
(42.4)
(18.1)
(16.3)
(11.3)
(70.0)

(0.6)
(44.5)
(0.8)
(0.0)
(8.5)

(2.4)

(10.8)
(35.6)
(17.7)
(1.5)
(1.5)
(5.2)

(1.3)
(26.6)
(5.1)
(2.3)
(4.2)

(5.3)

(9.5)
(44.2)

(16.7)
(0.1)
(7.3)

(0.3)
(23.7)
(4.1)

(4.2)

(1.1)

(5.4)
(49.2)
(20.9)
(9.4)
(0.1)
(42.7)
(10.0)
(0.3)
(27.4)
(4.1)

(4.2)
(17.0)
6.1

(2.1)
0.2
(17.1)
(34.3)
(20.9)
(9.4)
(0.1)
(103.1)

(0.7)
(28.7)
(4.1)

(4.2)

(0.0)

(4.2)
(34.7)
(20.9)
(9.3)
(11.5)
(18.6)

(1.0)
(25.6)
(4.1)

(4.2)

(2.4)

(6.6)
(41.1)
(20.9)
(9.3)
(4.2)
(10.5)

(1.3)
(15.6)
(4.1)

(4.2)

1.5

(0.0)

(2.8)
(33.8)
(20.9)
(9.2)
(3.3)
(0.5)

(2.5)
(31.9)
(4.1)

(4.2)

(23.4)
0.2
(27.5)
(33.9)
(20.9)
(9.2)
(3.3)

(1.3)
(17.5)
(4.1)

(4.2)

(18.1)

(22.3)
(16.1) (64.1) (20.3) (17.6) (13.5) (10.6) (8.4) (4.0) (1.3) (1.3) (1.3) 0.0
0.0
$64.2 $ 108.9 $ 131.9 $ 96.1 $ 108.8 $ 73.0 $ 122.2 $83.2 $ 98.1 $ 47.9 $ 51.4 $ 22.0
$ 22.0
Riskadjustments
IncrementalDDOTsubsidy
Incometaxrevenueinitiativespotentialdelay
Parkingbootinitiative
Costsavingspotentialdelay
Totalriskadjustments
(2.3)
(2.9)
(1.3)
(1.9)
(8.3)
(2.3)
(2.9)
(1.3)
(1.9)
(8.3)
(18.2)
(22.9)
(10.0)
(15.0)
(66.1)
(8.3) (16.5) (24.8) (33.1) (41.3) (49.6) (57.8) (66.1)
(66.1)
$64.2 $ 108.9 $ 131.9 $ 96.1 $ 100.5 $ 56.5 $ 97.4 $50.1 $ 56.8 $ (1.6) $ (6.4) $ (44.1)
$ (44.1)
Cumulativeriskadjustments
Endingcashbalance(riskadjusted)
(2.3)
(2.9)
(1.3)
(1.9)
(8.3)
10of29
(2.3)
(2.9)
(1.3)
(1.9)
(8.3)
(2.3)
(2.9)
(1.3)
(1.9)
(8.3)
(2.3)
(2.9)
(1.3)
(1.9)
(8.3)
(2.3)
(2.9)
(1.3)
(1.9)
(8.3)
(2.3)
(2.9)
(1.3)
(1.9)
(8.3)
11/16/20113:59PM
PRELIMINARYDRAFT
WaterandSewerage
11of29
11/16/20113:59PM
PRELIMINARYDRAFT
Water&Sewerage
$inmillions
Actual
Forecast(perOriginalForecast)
Variance
$ 32.8
46.2
(13.4)
Variancedetail
Lowerwater/seweragebillingcollections
Highercollectionofdelinquentwater/seweragebills
Higherpayrolldisbursements
Lowerbenefitspayments
HigherA/Pdisbursements
HigherIABpayments
LowerI&EFundsetasides
Highersetasidesfordebtpayments
Other
Totalvariance
(39.5)
7.4
(1.3)
11.4
(4.7)
(8.3)
32.0
(9.8)
(0.6)
$ (13.4)
Note
1
2
3
4
5
6
7
Notes:
1.Expectedtobetimingrelated
2.Collectionofdelinquentbillswerenotforecast
4.Relatedtopastduepaymentsthatwerenotforecast
5.Timingrelated;entireFY2012paymentmadeinSeptember2011
6.Expectedtobetimingrelated;setasidesmadeasfundsareavailable
7.Expectedtobetimingrelated;setasidesmadeasfundsareavailable
12of29
11/16/20113:59PM
PRELIMINARYDRAFT
Water&Sewerage
Q12012
October2011
Cumulative
$inmillions
Forecast
Weeks113
7/49/30
Actual
Weeks113
7/49/30
Variance
Weeks113
7/49/30
Forecast
Weeks1417
10/110/28
Actual
Weeks1417
10/110/28
Variance
Total
10/110/28
Forecast
Weeks117
7/410/28
Actual
Weeks117
7/410/28
Variance
Total
7/410/28
$108.1
117.5

1.4
16.0
243.0
$97.1
100.9

23.6
221.6
$ (11.0)
(16.6)

(1.4)
7.6
(21.4)
$42.7
27.2

0.4
0.3
70.7
$36.5
21.5

0.1
58.1
$(6.2)
(5.7)

(0.4)
(0.2)
(12.6)
$150.8
144.7

1.8
16.3
313.6
$133.6
122.4

23.7
279.7
$ (17.2)
(22.3)

(1.8)
7.4
(33.9)
Payroll,taxes,&otherdeductions
Benefits
Pensioncontribution
A/Pdisbursements
Utilities
IABpayments
I&EFundsetasides
SubtotalOperatingDisbursements
(25.1)
(21.3)
(7.8)
(37.8)
(12.8)
(9.9)
(30.3)

(145.1)
(26.3)
(12.8)
(5.8)
(40.4)
(15.5)
(20.6)
(6.5)
(1.1)
(129.1)
(1.3)
8.6
2.0
(2.6)
(2.7)
(10.7)
23.8
(1.1)
16.0
(8.0)
(2.8)
(1.0)
(10.3)
(4.3)
(3.3)
(10.1)

(39.8)
(8.0)

(2.7)
(12.4)

(0.9)
(2.0)
(0.4)
(26.3)
0.0
2.8
(1.7)
(2.1)
4.3
2.5
8.1
(0.4)
13.5
(33.1)
(24.2)
(8.8)
(48.0)
(17.1)
(13.2)
(40.5)

(184.8)
(34.4)
(12.8)
(8.5)
(52.7)
(15.5)
(21.5)
(8.5)
(1.5)
(155.3)
(1.3)
11.4
0.3
(4.7)
1.5
(8.3)
32.0
(1.5)
29.5
Debt&POCpayments
POCpaymentstotrustee
POCpaymentstogeneralfund
Setasidesforotherdebtpayments

(0.9)
(93.9)
(94.8)

(115.1)
(115.1)

0.9
(21.1)
(20.3)

(31.3)
(31.3)

(20.0)
(20.0)

11.3
11.3

(0.9)
(125.3)
(126.1)

(135.1)
(135.1)

0.9
(9.8)
(9.0)
Totaldisbursements
(239.9)
(244.2)
(4.3)
(71.1)
(46.3)
24.8
(311.0)
(290.4)
20.5
Netcashflow
3.1
(22.5)
(25.6)
(0.4)
11.8
12.2
2.7
(10.7)
(13.4)
Netcashflow
Endingcashbalance
43.6
3.1
$46.7
43.6
(22.5)
$21.0

(25.6)
$ (25.6)
46.7
(0.4)
$46.2
21.0
11.8
$32.8
(25.6)
12.2
$ (13.4)
43.6
2.7
$46.2
43.6
(10.7)
$32.8

(13.4)
$ (13.4)
OperatingReceipts
Waterbilling
Sewerbilling
Capitalprojectreimbursement(frombondfund)
Investmentearnings
Totalreceipts
13of29
11/16/20113:59PM
PRELIMINARYDRAFT
Water&Sewerage
$inmillions
Pastduecollections
Capitalprojectsreimbursements
Investmentearnings
Misc.receipts
Payroll
Benefits
Pension
A/P
Utilities
IAB
Misc.disbursements
Other
$ 44.3
Note
8.3
0.7
(3.5)
(3.8)
(2.0)
(3.8)
(0.6)
(4.7)
(5.4)
18.2
(4.3)
0.2
1
2
3
4
5
6
7
8
9
10
11
$ 43.4
Notes:
1.Higheractualpastduebillingcollections
2.Highercapitalprojectreimbursementsforecastduetohighercapitalprojectrelateddisbursementsforecast
3.Removedinvestmentearningscollectionsduetocurrentmarketconditionsandminimalcashavailabletoinvest
4.Removedmiscellaneousreceiptcollectionsduetoactualrunrate;actualmiscellaneousreceiptshavebeenminimal
5.Higherpayrolldisbursementsforecastduetoactualrunrate
6.Higheractualbenefitspaymentsduetopastduepayments
7.Loweractualpensionpayments;actualFY2011pastduepaymentlowerthanforecast
8.HigheractualA/Pdisbursementsduetopastduepayments
9.Higherutilitiespaymentsforecastduetoactualrunrate
10.LoweractualIABpayments;FY2011actualassumedinforecast,additionalresearchunderwaytodeterminewhetherpastduepayments
wereincluded
11.Highermiscellaneousdisbursementsforecastduetoactualrunrate
14of29
11/16/20113:59PM
Water&Sewerage
13WeekCashFlowForecast
$inmillions
PRELIMINARYDRAFT
Forecast
Week1
11/04/11
Forecast
Week2
11/11/11
Forecast
Week3
11/18/11
Forecast
Week4
11/25/11
Forecast
Week5
12/02/11
Forecast
Week6
12/09/11
Forecast
Week7
12/16/11
Forecast
Week8
12/23/11
Forecast
Week9
12/30/11
Forecast
Week10
01/06/12
Forecast
Week11
01/13/12
Forecast
Week12
01/20/12
Forecast
Week13
01/27/12
Total
13weeksended
01/27/12
OperatingReceipts
Waterbilling
Sewerbilling
Capitalprojectreimbursement(frombondfund)
Investmentearnings
Totalreceipts
$9.6
14.2
23.8
$ 9.6 $ 9.6 $ 9.6 $ 5.8 $ 5.8 $ 5.8 $5.8 $ 5.8 $ 7.5 $ 7.5 $ 7.5 $ 7.5
14.2 14.2 14.2 5.9 5.9 5.9 5.9 5.9 7.5 7.5 7.5 7.5

23.8 23.8 23.8 11.7 11.7 11.7 11.7 11.7 14.9 14.9 14.9 14.9
$ 97.0
116.5
213.5
Benefits
Pensioncontribution
A/Pdisbursements
Utilities
IABpayments
I&EFundsetasides
(3.0)
(15.3)
(2.6)
(4.6)
(2.0)
(0.1)
(27.5)
(1.0)

(2.6)

(0.1)
(3.7)
(3.0)

(2.6)

(0.1)
(5.7)
(1.0)
(2.8)
(1.9)
(2.6)
(4.6)

(16.5)
(0.1)
(29.5)
(3.0)

(2.1)

(0.1)
(5.2)
(1.0)

(2.1)

(0.1)
(3.2)
(3.0)

(2.1)

(0.1)
(5.2)
(1.0)
(2.1)
(0.1)
(3.2)
(3.0)
(2.8)
(1.0)
(2.1)
(4.6)

(13.5)
(0.1)
(27.0)
(1.0)

(2.6)

(0.1)
(3.7)
(3.0)

(2.6)

(0.1)
(5.7)
(1.0)

(2.6)

(0.1)
(3.7)
(3.0)
(2.8)
(1.0)
(2.6)
(4.6)

(13.5)
(0.1)
(27.5)
(27.4)
(23.8)
(3.8)
(30.8)
(18.3)
(45.5)
(1.0)
(150.5)
Debt&POCpayments
POCpaymentstoTrustee
POCpaymentstoGeneralFund

(21.5)
(21.5)
(2.9)
(2.9)

(0.9)
(31.3)
(32.2)

(31.3)
(31.3)
(2.9)
(0.9)
(84.1)
(87.9)
Totaldisbursements
(27.5) (3.7) (5.7) (51.0) (5.2) (3.2) (5.2) (6.0) (59.2) (3.7) (5.7) (3.7) (58.8)
(238.4)
Netcashflow
(3.7) 20.1
(3.7) 16.4
(43.9)
(24.9)
(24.9)
Beginningcash
Netcashflow
Endingcash
32.8 29.1 49.2 67.3 40.1 46.7 55.3 61.8 67.6 20.1 31.3 40.6 51.9
(3.7) 20.1 18.1 (27.2) 6.6 8.6 6.6 5.7 (47.5) 11.3 9.3 11.3 (43.9)
$29.1 $49.2 $67.3 $40.1 $46.7 $55.3 $61.8 $67.6 $20.1 $31.3 $40.6 $51.9 $ 8.0
32.8
(24.9)
$8.0
18.1
34.5
(27.2) 6.6
7.3 13.9
8.6
22.4
15of29
6.6 5.7
29.0 34.7
(47.5) 11.3 9.3

(12.8) (1.5) 7.8
11.3
19.0
11/16/20113:59PM
Water&Sewerage
$inmillions
PRELIMINARYDRAFT
Actual
Jul11
Actual
Aug11
Actual
Sep11
Actual
Oct11
Forecast
Nov11
Forecast
Dec11
Forecast
Jan12
Forecast
Feb12
Forecast
Mar12
Forecast
Apr12
Forecast
May12
Forecast
Jun12
4A+8F
Total
FY2012
Budget
FY2012
OperatingReceipts
Waterbilling
Sewerbilling
Capitalprojectreimbursement
Investmentearnings
Totalreceipts
$16.7
17.8
21.0
55.5
$35.3 $45.1 $36.5 $38.2 $28.9 $29.8 $29.5 $29.8 $26.3 $29.4 $28.9
63.6 19.5 21.5 56.9 29.7 29.9 62.1 29.8 27.7 61.8 57.3

20.1

2.0
0.0 2.6 0.1

99.0 67.1 58.1 95.1 58.7 59.7 91.5 59.6 54.1 91.2 108.3
$374.4
477.7
20.1
2.0
23.7
897.9
$374.7
489.2

25.3
315.4
1,204.6
Benefits
Pensioncontribution
A/Pdisbursements
Utilities
IABpayments
I&EFundsetasides
(8.2)
(12.8)
(4.0)
(17.3)
(4.4)
(0.1)
(4.5)
(0.3)
(51.6)
(8.4)

(1.8)
(12.2)
(5.5)
(1.2)

(0.4)
(29.4)
(9.8)

(10.9)
(5.6)
(19.3)
(2.0)
(0.5)
(48.1)
(8.0)

(2.7)
(12.4)

(0.9)
(2.0)
(0.4)
(26.3)
(8.1)
(18.1)
(1.9)
(10.3)
(9.1)

(18.5)
(0.3)
(66.3)
(11.1)
(2.8)
(1.0)
(10.3)
(4.6)

(13.5)
(0.4)
(43.7)
(8.1)
(2.8)
(1.0)
(10.3)
(4.6)

(13.5)
(0.3)
(40.5)
(8.1)
(2.8)
(1.0)
(10.3)
(4.6)
(13.5)
(0.3)
(40.5)
(9.1)
(2.8)
(1.0)
(10.3)
(4.6)

(13.5)
(0.4)
(41.7)
(8.1)
(2.8)
(1.0)
(10.3)
(4.6)

(13.5)
(0.3)
(40.5)
(8.1)
(2.8)
(1.0)
(10.3)
(4.6)

(13.5)
(0.3)
(40.5)
(11.1)
(2.8)
(1.0)
(10.3)
(4.6)

(13.5)
(0.4)
(43.7)
(106.3)
(50.8)
(17.0)
(134.8)
(56.6)
(21.5)
(121.4)
(4.3)
(512.8)
(104.8)
(37.0)
(11.4)
(157.0)
(47.7)
(20.0)
(121.4)
(315.4)
(814.6)
Debt&POCpayments

(34.5)
(34.5)

(80.6)
(80.6)

(20.0)
(20.0)

(21.5)
(21.5)
(2.9)
(0.9)
(31.3)
(35.1)

(31.3)
(31.3)
(31.3)
(31.3)

(0.9)
(31.3)
(32.2)

(62.6)
(62.6)
(4.8)

(31.3)
(36.1)
(7.7)
(1.8)
(375.8)
(385.2)
(14.2)
Totaldisbursements
(51.6) (63.9) (128.6) (46.3) (87.8) (78.7) (71.9) (71.9) (73.9) (40.5) (103.2) (79.8)
(898.0)
(1,204.6)
Netcashflow
3.9 35.0
3.9 39.0
(61.5) 11.8 7.3 (20.1) (12.1) 19.7 (14.3) 13.5 (12.0) 28.5
(22.5) (10.7) (3.4) (23.5) (35.6) (15.9) (30.2) (16.7) (28.7) (0.1)
(0.1)
Beginningcash
Netcashflow
Endingcash
43.6 47.5 82.6 21.0 32.8 40.1 20.1 8.0 27.6 13.3 26.9 14.9
3.9 35.0 (61.5) 11.8 7.3 (20.1) (12.1) 19.7 (14.3) 13.5 (12.0) 28.5
$47.5 $82.6 $21.0 $32.8 $40.1 $20.1 $ 8.0 $27.6 $13.3 $26.9 $14.9 $43.4
43.6
(0.1)
$43.4
16of29
(375.8)
(390.0)
11/16/20113:59PM
PRELIMINARYDRAFT
DDOT
17of29
11/16/20113:59PM
PRELIMINARYDRAFT
Transportation
$inmillions
Actual
Variance
$7.8
3.2
4.5
Variancedetail
Highercollections
Lowergrantcollections
HigherGeneralFundsubsidy
Lowerbenefitspayments
HigherIABpayments
HigherA/Pdisbursements
Lowergrantdisbursements
LowerGeneralFundloanrepayment
HigherDTC(PeopleMover)grantrelateddisbursements
Other
Total
0.5
(4.7)
1.5
6.0
(4.0)
(7.4)
2.1
8.0
2.1
0.5
$4.5
Note
1
2
3
4
5
6
7
Notes:
2.$3.4millionpastduepaymentoffsetby$9.4millionofcurrentyearpaymentsnotmade
3.Timingrelated;entireFY2012paymentmade
4.Primarilyduetohigherpastduepayments
6.Loanrepaymentwillnotoccur;permanentvariance
7.Expectedtobetimingrelated;full$3.4millionpaymentwasforecastinOctober
18of29
11/16/20113:59PM
PRELIMINARYDRAFT
Transportation
Q12012
October2011
Cumulative
$inmillions
Forecast
Weeks113
7/49/30
Actual
Weeks113
7/49/30
Variance
Weeks113
7/49/30
$7.5

6.0
12.3

21.5

0.3
47.7
$8.2
0.3
8.0
12.4
0.8
24.9

0.3
54.9
$0.7
0.3
1.9
0.0
0.8
3.4
0.1
7.2
$2.3
14.0
1.0
4.4
1.2
3.4

0.1
26.4
Benefits
Pensioncontribution
IABpayments
A/Pdisbursements
Utilities
Vehiclesclaimsandinsurance
Maintenancefederalgrantpayments
Capitalprojectsfederalgrantpayments
GeneralFundloanrepayment
(14.4)
(7.5)
(4.1)
(5.0)
(4.7)
(0.6)

(5.0)
(3.8)

(45.1)
(14.8)
(3.4)
(4.8)
(9.2)
(10.2)
(0.4)

(2.0)
(6.6)

(1.3)
(52.7)
(0.4)
4.1
(0.8)
(4.2)
(5.5)
0.2
3.0
(2.9)
(1.3)
(7.6)
Debt&POCpayments
POCpaymentstogeneralfund
Debtpaymentsnetofsetasides
SubtotalDebt&POCPayments

(0.5)

(2.3)
(2.8)

(2.3)
(2.3)
Totaldisbursements
(47.9)
Netcashflow
Netcashflow
Endingcashbalance
Operatingreceipts
Fareboxrevenue
Maintenancefederalgrant
Capitalprojectsfederalgrant
Stateoperatingassistances
Stateoperatingassistancesprioryear
GeneralFundsubsidy
GeneralFundloan
ClaimsFundrevenue
Totalreceipts
Variance
Total
10/110/28
Forecast
Weeks117
7/410/28
Actual
Weeks117
7/410/28
Variance
Total
7/410/28
$2.8
5.2
2.9
4.1

1.5

16.5
$0.5
(8.8)
1.9
(0.3)
(1.2)
(1.9)
(0.1)
(10.0)
$9.8
14.0
7.1
16.8
1.2
24.9

0.3
74.1
$ 11.0
5.5
10.9
16.5
0.8
26.4

0.3
71.4
$1.2
(8.5)
3.8
(0.3)
(0.4)
1.5

(0.0)
(2.8)
(4.5)
(1.9)
(0.4)
(0.6)
(1.6)
(0.2)

(1.7)
(0.9)
(8.0)
(3.4)
(23.1)
(4.2)

(0.4)
(3.5)
(0.2)

(0.1)
(0.5)

(8.8)
0.3
1.9
0.4
0.2
(1.9)
(0.0)
1.6
0.3
8.0
3.4
14.2
(18.9)
(9.4)
(4.5)
(5.6)
(6.2)
(0.8)

(6.7)
(4.6)
(8.0)
(3.4)
(68.1)
(19.0)
(3.4)
(4.8)
(9.6)
(13.6)
(0.5)

(2.0)
(7.2)

(1.3)
(61.5)
(0.1)
6.0
(0.3)
(4.0)
(7.4)
0.2

4.6
(2.5)
8.0
2.1
6.6
0.5
0.0
0.5

(0.2)
(0.2)
0.2
0.2

(0.5)

(2.4)
(3.0)

(2.3)
(2.3)

0.5

0.2
0.7
(54.9)
(7.1)
(23.2)
(8.8)
14.4
(71.1)
(63.8)
7.3
(0.2)
(0.1)
0.1
3.2
7.6
4.4
3.0
7.6
4.5
0.2
(0.2)
$ (0.0)
0.2
(0.1)
$0.1
0.1
$0.1

3.2
$3.2
0.1
7.6
$7.8
0.1
4.4
$4.5
0.2
3.0
$3.2
0.2
7.6
$7.8

4.5
$4.5
19of29
Forecast
Actual
Weeks1417 Weeks1417
10/110/28 10/110/28
11/16/20113:59PM
PRELIMINARY DRAFT
Transportation
$inmillions
Collections
Benefits
Pension
A/P
Maintenancegrant
Other
$ (25.5)
Note
1.5
(1.5)
(1.2)
(7.4)
7.4
8.0
0.5
1
2
3
4
5
6
$ (18.2)
Notes:
1.Actualcollectionshigherthanforecast
2.Higheractualpastduebenefitspayments($3.4millionpastduepayment,$1.9millionpaymenthadbeenforecast)
3.Higheractualpensionpaymentsduetopastduepayments
4.HigheractualA/Pdisbursementsprimarilyduetopastduepayments
5.Lowermaintenancegrantdisbursements;removed$8millionrelatedtopayrollbeingcapturedinpayrolldisbursements
6.GrantrelateddisbursementswerenotmadeonDDOT'sbehalfbyGeneralFund;loanhadnotbeenmadesorepaymentnotrequired
20of29
11/16/20113:59PM
Transportation
$inmillions
PRELIMINARYDRAFT
Forecast
Week1
11/04/11
Forecast
Week2
11/11/11
Forecast
Week3
11/18/11
Forecast
Week4
11/25/11
Forecast
Week5
12/02/11
Forecast
Week6
12/09/11
Forecast
Week7
12/16/11
Forecast
Week8
12/23/11
Forecast
Week9
12/30/11
Forecast
Week10
01/06/12
Forecast
Week11
01/13/12
Forecast
Week12
01/20/12
Forecast
Week13
01/27/12
Total
13weeksended
01/27/12
OperatingReceipts
Fireboxrevenue
Generalfundsubsidy
Generalfundloan
Claimsfundrevenue
Totalreceipts
0.6
0.0
0.6
0.6

4.4

0.0
5.0
0.6

0.0
0.6
0.6
5.3
0.4

0.0
6.3
0.6

0.0
0.6
0.6

0.0
0.6
0.6

4.4
0.4

0.0
5.4
0.6
0.0
0.6
0.6

0.5

0.0
1.1
0.6

0.0
0.6
0.6

4.4

0.0
5.0
0.6

0.0
0.6
0.6
3.5
9.4

0.0
13.5
8
8.8
10.3
13.3
0.4
0.3
40.6
Benefits
Pensioncontribution
IABpayments
A/Pdisbursements
Utilities
Generalfundloanrepayment
(1.3)
(0.4)
(1.7)
(0.9)

(0.4)

(0.4)

(1.8)
(1.3)

(0.4)

(1.7)
(0.9)
(1.9)
(0.4)

(0.4)
(0.2)

(1.3)
(0.6)

(5.7)
(1.3)

(0.3)

(1.6)
(0.9)

(0.4)

(0.3)

(1.7)
(1.3)

(0.3)

(1.6)
(0.9)
(0.3)
(2.1)
(3.4)
(1.3)
(1.9)
(0.4)

(0.3)
(0.2)

(1.3)
(0.6)

(6.0)
(0.9)

(0.4)

(1.3)
(1.3)

(0.4)

(1.7)
(0.9)

(0.4)

(1.3)
(1.3)
(1.9)
(0.4)

(0.4)
(0.2)

(1.3)
(9.6)

(15.1)
(14.8)
(5.6)
(2.2)
(4.7)
(0.5)
(4.0)
(10.8)
(2.1)
(44.6)
(0.5)
(0.5)
(1.8)

(0.2)
(1.9)
(1.8)
(0.5)
(0.2)
(2.5)
Debt&POCpayments
Totaldisbursements
(1.7) (1.8) (1.7) (5.7) (1.6) (1.7) (1.6) (3.9) (7.9) (1.3) (1.7) (1.3) (15.1)
(47.1)
Netcashflow
(1.1) 3.3
(1.1) 2.2
(1.0) (1.1) 3.8 (3.3) (6.8) (0.7) 3.3 (0.7) (1.6)

0.6 (0.5) 3.3 0.0 (6.8) (7.5) (4.2) (4.9) (6.5)
(6.5)
Beginningcash
Netcashflow
Endingcash
7.8 6.6 9.9 8.8 9.4 8.4 7.3 11.1 7.8 1.0 0.3 3.6 2.9
(1.1) 3.3 (1.1) 0.6 (1.0) (1.1) 3.8 (3.3) (6.8) (0.7) 3.3 (0.7) (1.6)
$6.6 $ 9.9 $ 8.8 $ 9.4 $ 8.4 $ 7.3 $11.1 $7.8 $ 1.0 $ 0.3 $ 3.6 $ 2.9 $ 1.3
7.8
(6.5)
$1.3
(1.1) 0.6
1.1 1.6
21of29
11/16/20113:59PM
Transportation
PRELIMINARYDRAFT
Actual
Jul11
Actual
Aug11
Actual
Sep11
Actual
Oct11
Forecast
Nov11
Forecast
Dec11
Forecast
Jan12
Forecast
Feb12
Forecast
Mar12
Forecast
Apr12
Forecast
May12
Forecast
Jun12
4A+8F
Total
FY2012
Budget
FY2012
OperatingReceipts
Fareboxrevenue
GeneralFundsubsidy
GeneralFundloan
ClaimsFundrevenue
Totalreceipts
3.6
1.8
4.1
9.4
0.3
19.2
2.1
0.3
1.6
4.1

5.1

13.3
2.5

4.6
4.1
0.8
10.4

0.1
22.4
2.8
5.2
2.9
4.1

1.5

16.5
2.3
5.3
0.4
4.4

0.1
12.5
2.9

0.5
4.4
0.4

0.1
8.4
2.3
3.5
9.4
4.4

0.1
19.7
2.3
9.4
4.4
11.5
3.0
0.1
30.6
2.9

2.7
4.4

4.1

0.1
14.2
2.3

0.4
4.4

3.2

0.1
10.4
2.3

0.4
4.4

3.2

0.1
10.4
2.9

0.5
4.4

4.0

0.1
12.0
31.2
14.3
34.6
52.0
1.2
52.4

3.0
1.0
189.7
30.0
20.0

52.0

55.6

3.0
1.1
161.7
Benefits
Pensioncontribution
IABpayments
A/Pdisbursements
Utilities
Generalfundloanrepayment
(5.1)
(3.2)
(3.9)
(4.1)
(0.1)
(0.5)
(1.8)
(18.7)
(4.4)

(1.1)
(0.2)
(3.7)
(0.1)

(0.7)
(3.3)

(13.5)
(5.3)
(3.4)
(0.5)
(5.1)
(2.4)
(0.1)

(0.8)
(1.6)

(1.3)
(20.5)
(4.2)

(0.4)
(3.5)
(0.2)

(0.1)
(0.5)

(8.8)
(4.5)
(1.9)
(0.9)

(1.6)
(0.2)

(1.3)
(0.6)

(10.9)
(5.8)
(1.9)
(0.9)

(1.6)
(0.2)

(1.3)
(0.6)

(2.1)
(14.3)
(4.5)
(1.9)
(0.4)

(1.6)
(0.2)

(1.3)
(9.6)

(19.4)
(4.5)
(1.9)
(0.4)
(1.6)
(0.2)
(12.5)
(1.3)
(9.6)
(31.9)
(5.4)
(1.9)
(0.4)

(1.6)
(0.2)

(1.3)
(0.6)

(11.4)
(4.5)
(1.9)
(0.4)

(1.6)
(0.2)

(1.3)
(0.6)

(10.4)
(4.5)
(1.9)
(0.4)

(1.6)
(0.2)

(1.3)
(0.6)

(10.4)
(5.8)
(9.4)
(0.4)

(1.6)
(0.2)

(1.3)
(0.6)

(7.8)
(27.1)
(58.6)
(26.0)
(9.2)
(9.6)
(26.1)
(1.8)
(12.5)
(12.6)
(29.9)

(11.2)
(197.4)
(58.6)
(23.1)
(5.2)
(7.6)
(13.5)
(1.8)
(12.5)
(20.0)

(12.2)
(154.4)

(2.3)
(2.3)
(1.8)
(0.5)

(0.2)
(2.5)

(0.6)

(2.3)
(2.8)
(3.0)

(0.2)
(3.1)
(4.8)
(1.1)

(4.9)
(10.7)
(7.2)

(7.2)
(18.7) (13.5) (22.8) (8.8) (10.9) (16.8) (19.4) (31.9) (14.2) (10.4) (10.4) (30.2)
(208.1)
(161.7)

$inmillions
Debt&POCpayments
Totaldisbursements
Netcashflow
0.5 (0.2) (0.3) 7.6

0.5 0.3 (0.1) 7.6

(18.2)
(8.4) 0.3 (1.3)
0.8 1.1 (0.2) (0.2) (0.2) (0.2) (18.4)
(18.4)
Beginningcash
Netcashflow
Endingcash
0.2 0.7 0.5 0.1 7.8 9.4 1.0 1.3 (0.0) (0.0) (0.0) (0.0)
0.5 (0.2) (0.3) 7.6 1.6 (8.4) 0.3 (1.3)

(18.2)
$0.7 $ 0.5 $ 0.1 $ 7.8 $ 9.4 $ 1.0 $ 1.3 $(0.0) $(0.0) $(0.0) $(0.0) $ (18.2)
0.2
(18.4)
$ (18.2)
1.6
9.2
22of29
11/16/20113:59PM
PRELIMINARYDRAFT
MunicipalParking
23of29
11/16/20113:59PM
PRELIMINARYDRAFT
Parking
$inmillions
Actual
Variance
$4.8
5.0
(0.2)
VarianceDetail
Highergarage&lotcollections
HigherIABpayments
Other
Total
0.6
(0.7)
(0.1)
$ (0.2)
Note
1
Notes:
1.$0.6millionentireFY2012paymentmade(timing)
24of29
11/16/20113:59PM
PRELIMINARYDRAFT
Parking
Q12012
October2011
Cumulative
$inmillions
Forecast
Weeks117
7/49/30
Actual
Weeks117
7/49/30
Variance
Weeks117
7/49/30
Forecast
Weeks1417
10/110/28
Actual
Weeks1417
10/110/28
Variance
Total
10/110/28
Forecast
Weeks117
7/410/28
Actual
Weeks117
7/410/28
Variance
Total
7/410/28
Operatingreceipts
Garage&lotrevenue
Metercollections
Revenueinitiatives
GeneralFundloan
Totalreceipts
$ 0.8
0.7

0.2

1.7
$ 1.4
0.6

0.2

2.2
$ 0.5
(0.0)

0.5
$ 0.4
0.2
0.0

0.6
$ 0.4
0.2

0.6
$ 0.0
0.0
(0.0)

0.0
$ 1.2
0.9
0.0
0.2

2.3
$ 1.8
0.9

0.2

2.8
$ 0.6
(0.0)
(0.0)

0.5
Benefits
Pensioncontribution
A/Pdisbursements
IABpayments
Other
(0.4)
(0.2)
(0.1)
(0.4)
(0.2)
(1.5)

(2.8)
(0.4)
(0.2)
(0.1)
(0.4)
(1.0)
(1.5)

(3.6)
(0.0)
0.1
0.0
(0.0)
(0.8)

(0.7)
(0.1)
(0.1)
(0.0)
(0.1)
(0.1)

(0.4)
(0.1)
(0.1)

(0.2)

(0.4)
0.0
(0.0)
0.0
(0.1)
0.1

0.0
(0.5)
(0.3)
(0.1)
(0.6)
(0.3)
(1.5)

(3.2)
(0.5)
(0.3)
(0.1)
(0.6)
(1.0)
(1.5)

(4.0)
0.0
0.0
0.0
(0.1)
(0.7)

(0.7)
Debt&POCpayments
SubtotalDebt&POCpayments

(0.4)

(0.4)

(0.4)

(0.4)

(0.1)

(0.1)

(0.1)

(0.1)

(0.6)

(0.6)

(0.6)

(0.6)
Totaldisbursements
(3.3)
(4.0)
(0.7)
(0.5)
(0.5)
0.0
(3.8)
(4.5)
(0.7)
Netcashflow
(1.6)
(1.8)
(0.2)
0.1
0.1
0.0
(1.5)
(1.7)
(0.2)
Netcashflow
Endingcashbalance
6.5
(1.6)
$ 4.9
6.5
(1.8)
$ 4.7

(0.2)
$ (0.2)
4.9
0.1
$ 5.0
4.7
0.1
$ 4.8
(0.2)
0.0
$ (0.2)
6.5
(1.5)
$ 5.0
6.5
(1.7)
$ 4.8

(0.2)
$ (0.2)
25of29
11/16/20113:59PM
PRELIMINARYDRAFT
Parking
$inmillions
Collections
Revenueinitiativecollections
A/P
IAB
Other
$5.2
Note
0.6
(0.2)
(0.1)
(0.1)
0.0
1
2
3
4
$5.3
Notes:
1.Actualcollectionshigherthanforecast
2.Revenueinitiativecollectionsremovedasprojecthasnotyetbeenapproved
3.HigheractualA/Pdisbursementsduetopastduepayments
4.HigheractualIABdisbursementsduetopastduepayments,partiallyoffsetbylowerFY2012payment
26of29
11/16/20113:59PM
Parking
$inmillions
PRELIMINARYDRAFT
Forecast
Week1
11/04/11
Forecast
Week2
11/11/11
Forecast
Week3
11/18/11
Forecast
Week4
11/25/11
Forecast
Week5
12/02/11
Forecast
Week6
12/09/11
Forecast
Week7
12/16/11
Forecast
Week8
12/23/11
Forecast
Week9
12/30/11
Forecast
Week10
01/06/12
Forecast
Week11
01/13/12
Forecast
Week12
01/20/12
Forecast
Week13
01/27/12
Total
13weeksended
01/27/12
OperatingReceipts
Garage&lotrevenue
Metercollections
Revenueinitiatives
Generalfundloan
Totalreceipts
$0.1
0.1
0.1
$ 0.1 $ 0.1 $ 0.1 $ 0.1 $ 0.1 $ 0.1 $0.1 $ 0.1 $ 0.1 $ 0.1 $ 0.1 $ 0.1
0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2
$1.3
0.5
1.8
Benefits
Pensioncontribution
A/Pdisbursements
IABpayments
Other
(0.0)
(0.0)
(0.1)
(0.1)

(0.0)

(0.1)

(0.0)

(0.0)
(0.1)
(0.1)
(0.0)
(0.0)

(0.2)

(0.0)

(0.0)
(0.1)

(0.0)

(0.1)

(0.0)

(0.0)
(0.1)
(0.1)
(0.0)
(0.0)
(0.2)

(0.0)

(0.0)
(0.1)

(0.0)

(0.1)

(0.0)

(0.0)
(0.1)
(0.1)
(0.0)
(0.0)

(0.2)

(0.0)

(0.0)
(0.4)
(0.2)
(0.1)
(0.4)
(1.0)
Debt&POCpayments

(0.1)

(0.1)
(0.1)
(0.1)

(0.1)

(0.1)
(0.4)
(0.4)
Totaldisbursements
(0.1) (0.1) (0.2) (0.2) (0.0) (0.1) (0.0) (0.3) (0.0) (0.1) (0.0) (0.2) (0.2)
(1.4)
Netcashflow
0.1 0.0
0.1 0.1
(0.0)
0.4
0.4
Beginningcash
Netcashflow
Endingcash
4.8 4.8 4.9 4.8 4.8 4.9 4.9 5.0 4.8 4.9 5.0 5.1 5.1
0.1 0.0 (0.0) (0.0) 0.1 0.0 0.1 (0.2) 0.1 0.1 0.1 0.0 (0.0)
$4.8 $ 4.9 $ 4.8 $ 4.8 $ 4.9 $ 4.9 $ 5.0 $4.8 $ 4.9 $ 5.0 $ 5.1 $ 5.1 $ 5.1
4.8
0.4
$5.1
(0.0) (0.0) 0.1

0.1 0.0 0.1
0.0
0.2
0.1 (0.2) 0.1

0.3 0.1 0.2
0.1
0.2
0.1
0.4
0.0
0.4
27of29
11/16/20113:59PM
Parking
$inmillions
PRELIMINARYDRAFT
Actual
Jul11
Actual
Aug11
Actual
Sep11
Actual
Oct11
Forecast
Nov11
Forecast
Dec11
Forecast
Jan12
Forecast
Feb12
Forecast
Mar12
Forecast
Apr12
Forecast
May12
Forecast
Jun12
4A+8F
Total
FY2012
Budget
FY2012
OperatingReceipts
Garage&lotrevenue
Metercollections
Revenueinitiatives
GeneralFundloan
Totalreceipts
$0.3
0.2
0.2
0.6
$ 0.5 $ 0.6 $ 0.4 $ 0.3 $ 0.5 $ 0.5 $0.4 $ 0.3 $ 0.3 $ 0.3 $ 0.3
0.2 0.3 0.2 0.2 0.1 0.2 0.2 0.2 0.2 0.2 0.2

0.7 0.8 0.6 0.5 0.6 0.7 0.6 0.6 0.5 0.4 0.5
$ 4.7
2.4

0.2

7.3
$ 6.8

6.3
1.5
14.6
Benefits
Pensioncontribution
A/Pdisbursements
IABpayments
Other
(0.1)
(0.2)
(1.5)
(1.8)
(0.1)
(0.1)
(0.0)
(0.2)
(0.4)

(0.8)
(0.2)
(0.1)
(0.0)
(0.1)
(0.6)

(1.0)
(0.1)
(0.1)

(0.2)

(0.4)
(0.1)
(0.1)
(0.0)
(0.1)

(0.4)
(0.1)
(0.1)
(0.0)
(0.1)

(0.3)
(0.1)
(0.1)
(0.0)
(0.1)

(0.3)
(0.1)
(0.1)
(0.0)
(0.1)
(0.3)
(0.2)
(0.1)
(0.0)
(0.1)

(0.4)
(0.1)
(0.1)
(0.0)
(0.1)

(0.3)
(0.1)
(0.1)
(0.0)
(0.1)

(0.3)
(0.1)
(0.1)
(0.0)
(0.1)

(0.3)
(1.6)
(0.7)
(0.2)
(1.7)
(1.0)
(1.5)

(6.7)
(1.9)
(0.8)
(0.2)
(2.2)
(1.1)
(6.3)
Debt&POCpayments
(0.1)
(0.1)

(0.1)

(0.1)

(0.1)

(0.1)

(0.1)

(0.1)

(0.1)

(0.1)

(0.1)

(0.1)

(0.1)

(0.1)
(0.1)
(0.1)

(0.1)

(0.1)

(0.1)

(0.1)

(0.1)

(0.1)

(0.1)

(0.1)

(1.7)

(1.7)
(0.3)
(1.8)

(2.1)
Totaldisbursements
(2.0) (0.9) (1.1) (0.5) (0.5) (0.5) (0.5) (0.5) (0.5) (0.5) (0.5) (0.5)
(8.4)
(14.6)
Netcashflow
(1.3) (0.2) (0.3) 0.1 0.0 0.1 0.2 0.1 0.0 0.0 (0.0) 0.0
(1.3) (1.5) (1.8) (1.7) (1.7) (1.5) (1.3) (1.2) (1.1) (1.1) (1.1) (1.1)
(1.1)
Beginningcash
Netcashflow
Endingcash
6.5 5.1 5.0 4.7 4.8 4.8 4.9 5.1 5.3 5.3 5.3 5.3
(1.3) (0.2) (0.3) 0.1 0.0 0.1 0.2 0.1 0.0 0.0 (0.0) 0.0
$5.1 $ 5.0 $ 4.7 $ 4.8 $ 4.8 $ 4.9 $ 5.1 $5.3 $ 5.3 $ 5.3 $ 5.3 $ 5.3
6.5
(1.1)
$ 5.3
(12.5)
28of29
11/16/20113:59PM
PRELIMINARYDRAFT
Disclaimer
Theattachedscheduleofcashflowvariances(theVarianceAnalysis)andcashflows(theForecastedCashFlows),itsassumptionsandunderlyingdataaretheproductoftheCityofDetroit(COD)
anditsmanagement(Management)andconsistofinformationobtainedsolelyfromCOD.
WithrespecttoprospectivefinancialinformationrelativetoCOD,Ernst&YoungLLP(EY)didnotexamine,compileorapplyagreeduponprocedurestosuchinformationinaccordancewithattestation
standardsestablishedbytheAICPAandEYexpressesnoassuranceofanykindontheinformationpresented.EYdidnotassistinthepreparationorassemblyofCOD'sprospectivefinancialinformation
orinthedevelopmentofanyassumptionstherein.
ItisCODsresponsibilitytomakeitsowndecisionbasedontheinformationavailabletoit.Managementhastheknowledge,experienceandabilitytoformitsownconclusionsrelatedtoCODsVariance
AnalysisandForecastedCashFlows.
Therewillusuallybedifferencesbetweenforecastedandactualresultsbecauseeventsandcircumstancesfrequentlydonotoccurasexpectedandthosedifferencesmaybematerial.EYtakesno
responsibilityfortheachievementofforecastedresults.Accordingly,relianceonthisreportisprohibitedbyanythirdpartyastheprojectedfinancialinformationcontainedhereinissubjecttomaterial
changeandmaynotreflectactualresults.
29of29
Printedon11/16/20113:59PM

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PRELIMINARYDRAFT

$ 20.4 $2.2 $7.8 $0.2 $1.0

38.4 60.8 7.8 1.5 1.0

$ 1.6 $ 1.6 $ 1.6 $ 1.6 $ 11.8 $ 11.8 $ 11.8

$ 11.8 $ 11.8 $ 35.3 $ 35.3 $ 35.3 $ 35.3

(13.6) (2.0) 6.5

(10.2) (27.4) 44.2

(8.3) (16.5) (24.8) (33.1) (41.3) (49.6) (57.8) (66.1)

(47.5) 11.3 9.3

(1.0) (1.1) 3.8 (3.3) (6.8) (0.7) 3.3 (0.7) (1.6)

0.5 (0.2) (0.3) 7.6

(0.0) (0.0) 0.1

0.1 (0.2) 0.1

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