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CITY OF BUFFALO

CASH FLOW PROJECTION FOR 18-19


(amounts expressed in thousands) ORIGINAL
ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL PROJECTED AMT FROM
Cash Flow Projections JULY AUG. SEP. OCT. NOV. DEC. JAN. FEB. MAR. APR. MAY JUNE CURRENT BUDGET
subject to revisions 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 2019 PROJECTION 4/30/2018 VARIANCE
BEGINNING CASH & INVEST. 47,441 56,370 52,873 45,277 30,314 8,672 (28,258) (13,794) (31,293) (6,761) (20,784) (44,595) 47,441 47,418 23

CASH RECEIPTS:
Property Tax:
Tax Levy 46,709 22,372 2,442 2,575 6,344 29,373 18,330 2,909 1,966 1,400 962 1,136 136,518 135,195 1,323
Star - - - - - - 9,456 - - - - - 9,456 10,125 (669)
Other Taxes 2,538 1,066 204 320 2,171 1,168 719 493 423 249 205 100 9,656 11,797 (2,141)
Non Property Tax: -
Class I Utility Tax 1,325 - 462 1,328 16 1,135 1,654 70 1,234 1,506 28 - 8,758 8,500 258
Other Non-Property Tax 7 719 - 1 710 (57) - 887 - 126 720 722 3,835 3,610 225
Licenses & Permits: 404 478 776 759 221 576 259 212 371 504 586 600 5,746 6,147 (401)
Intergovernmental: -
State Aid - - - - - 19,166 - - 43,757 - - 98,362 161,285 161,285 -
Tribal Compact - - - - - - - - - - - - - 17,000 (17,000)
Sales Tax 5,535 6,511 6,363 8,312 6,300 8,904 5,725 9,488 8,497 6,881 6,186 8,787 87,489 84,997 2,492
BFSA Debt & Expense (564) (55) (564) (564) (564) (640) 5,477 (564) (564) (565) (565) (597) (329) (597) 268
Other Intergovernmental 573 427 418 350 543 345 353 1,552 516 397 405 685 6,564 6,233 331
Service Charges: -
Services to BSA 847 - - - - - 847 - 848 - 848 - 3,390 3,390 -
On Street Parking Meter 228 231 142 300 80 219 138 140 443 306 317 351 2,895 2,512 383
Other Service Charges 438 633 610 1,165 406 476 681 1,066 921 583 780 699 8,458 9,980 (1,522)
Fines: -
Traffic Violation 231 265 141 292 221 141 240 307 339 310 160 240 2,887 6,000 (3,113)
Parking Tag 596 615 554 592 580 624 600 629 749 625 596 615 7,375 7,900 (525)
Other Fines 63 79 82 108 76 65 65 59 79 83 100 78 937 1,253 (316)
Miscellaneous: -
Gifts & Donations - - - - - - - - 132 - 250 382 2,139 (1,757)
Sale of Property - - - - - - - 960 - - - 2,550 3,510 8,000 (4,490)
Other Misc 741 844 566 816 581 477 341 464 615 1,145 577 650 7,817 6,755 1,062
Entertainment Ticket - - - - - - - - - - - - 2,000 (2,000)
Transfers in: -
Water Board 1,726 - - 1,726 - - 1,726 - - 1,726 - - 6,904 6,903 1
Parking - - 8,100 - - - 1,600 - - - - 9,700 7,800 1,900
Other Transfers - - - - - - - - - - - 673 673 673 -
Due from other Funds (13) 3,080 6,446 2,272 4,089 (726) 3,249 2,973 (1,368) 6,450 9,219 3,201 38,872 39,206 (334)
- -
TOTAL CASH RECEIPTS 61,384 37,265 26,742 20,352 21,774 61,246 51,460 21,645 58,958 21,726 21,374 118,852 522,778 548,803 (26,025)

CASH DISBURSEMENTS:
Personal Serv. & FICA 18,739 17,650 18,566 17,122 25,740 19,433 16,622 19,823 17,228 17,557 26,293 17,488 232,261 232,496 (235)
Health Ins - Retired 2,833 4,491 2,686 4,159 3,433 2,271 2,614 3,554 3,198 3,919 4,271 3,248 40,677 42,207 (1,530)
Health Ins - Active 3,035 4,997 2,683 3,909 3,544 2,969 3,529 4,479 3,215 3,228 4,492 3,374 43,454 43,869 (415)
NYS Pension - - - - - 9,795 - - - - - - 9,795 14,343 (4,548)
NYS Police & Fire Pension - - - - - 28,623 - - - - - - 28,623 32,750 (4,127)
Utilities 1,567 2,133 439 848 660 142 4,622 1,252 755 2,887 752 1,404 17,461 17,537 (76)
Supplies 419 1,142 960 674 1,408 1,052 858 1,359 994 932 909 973 11,680 10,548 1,132
Services 5,831 3,792 3,427 2,132 1,980 2,688 1,914 2,487 2,537 2,489 3,195 3,371 35,843 41,009 (5,166)
Capital Outlay 77 283 54 148 93 106 120 208 252 397 71 714 2,523 3,985 (1,462)
Other Fringe, Supplies Services 1,331 1,797 593 824 904 883 1,329 967 778 595 639 967 11,607 15,314 (3,707)
Transfer BOE Property Taxes 5,033 5,033 5,033 5,033 5,033 5,032 5,033 5,033 5,033 5,033 5,033 5,032 60,394 60,394 -
COB Transfer Debt Service 7,491 - - - - 20,417 - - - - - 27,908 27,908 -
BOE Transfer Debt Service 5,976 - - - - 4,453 - - - - - 10,429 10,429 -
Bulk Utilites 123 (556) (103) 466 621 312 355 (18) 436 (1,288) (470) (122) - (122)
TOTAL CASH DISBURSEMENTS 52,455 40,762 34,338 35,315 43,416 98,176 36,996 39,144 34,426 35,749 45,185 36,571 532,533 552,789 (20,256)

CASH 56,370 52,873 45,277 30,314 8,672 (28,258) (13,794) (51,293) (26,761) (50,784) (64,595) 17,686 17,686 43,432 (25,746)
INVESTMENTS - - - - - - 20,000 20,000 30,000 20,000 20,000 20,000 - 20,000
CASH & INVESTMENTS 56,370 52,873 45,277 30,314 8,672 (28,258) (13,794) (31,293) (6,761) (20,784) (44,595) 37,686 37,686 43,432 (5,746)
BUFFALO BOARD OF EDUCATION
CASH FLOW PROJECTION FOR 18-19
(amounts expressed in thousands) ORIGINAL
ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL PROJECTED AMT FROM
Cash Flow Projections JULY AUG. SEP. OCT. NOV. DEC. JAN. FEB. MAR. APR. MAY JUNE CURRENT BUDGET
subject to revisions 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 2019 PROJECTION 04/30/18 VARIANCE
BEGIN CASH & INVEST. 201,625 175,957 150,482 152,039 134,009 106,716 125,214 201,468 204,826 257,409 240,973 230,910 201,625 175,878 25,747

CASH RECEIPTS:
Ed. Aid-Basic Formula Aid 57 - - 17,139 36,282 35,090 156,674 55,466 126,705 23,081 55,376 12,616 518,486 529,491 (11,005)
Excess Cost - 14,919 - - - 25,314 - - 45,923 - - 15,265 101,421 101,767 (346)
Aid withheld for JSCB Pymt - - - - - (15,954) (17,726) (17,809) (37,226) - - - (88,715) (94,829) 6,114
Aid withheld for MBBA Pymt - - - - - - - - (1,086) - - - (1,086) (1,084) (2)
JSCB Rrefunding (3,243) (3,243) (1,474) - - (1,475) - - (1,475) - - (1,475) (12,385) (6,488) (5,897)
Lottery Aid Advance - - 40,108 4,261 4,261 4,261 4,261 4,261 7,332 - - 20,154 88,899 104,257 (15,358)
from COB- Property Taxes 5,033 5,033 5,033 5,033 5,033 5,033 5,033 5,033 5,033 5,033 5,033 5,033 60,396 60,394 2
BFSA -SALES TAX-(BOE) 3,214 3,781 3,695 4,925 3,733 5,277 3,392 3,953 3,346 4,077 3,665 4,000 47,058 44,500 2,558
Food Service 1,808 - 1,327 - 6,205 2,928 2,845 3,101 2,411 3,582 2,662 2,700 29,569 31,000 (1,431)
Title I 3,384 - 1,740 - - - - 5,570 - 9,135 3,563 3,000 26,392 26,800 (408)
Medicaid (Federal) 1,080 1,719 595 559 180 1,162 826 1,202 1,108 505 15 400 9,351 2,600 6,751
Miscellaneous (State & Fed Aid) 14,016 2,364 17,098 8,322 8,146 22,469 4,256 8,195 9,883 632 9,007 4,000 108,388 79,200 29,188
BOE - Other Income 2,041 533 482 333 577 3,393 2,576 888 319 1,915 1,421 1,000 15,478 14,823 655
- -
TOTAL CASH RECEIPTS 27,390 25,106 68,604 40,572 64,417 87,498 162,137 69,860 162,273 47,960 80,742 66,693 903,252 892,431 10,821

CASH DISBURSEMENTS:
Personal Serv. & FICA 7,935 14,039 28,034 35,956 37,628 36,568 36,844 37,385 54,524 37,948 35,782 37,500 400,143 419,594 (19,451)
Termination Pay 113 1,110 87 93 126 42 - - - - - 100 1,671 4,350 (2,679)
Carry over Accounts Payable 12,220 17,380 185 1,351 262 - - - - - - - 31,398 26,000 5,398
Services & Supplies 5,086 5,229 7,534 7,032 10,148 19,086 8,682 10,834 12,644 11,321 10,732 11,000 119,328 112,592 6,736
Medical 6,522 11,250 8,083 11,912 11,851 3,102 10,753 11,619 9,780 10,347 13,034 12,000 120,253 144,000 (23,747)
Transportation - 40 80 26 4,912 4,930 5,321 4,368 6,753 3,762 5,327 11,000 46,519 51,454 (4,935)
Tuition Payments - 1,252 1,771 2,232 5,298 5,272 3,056 2,266 4,932 1,018 6,906 2,000 36,003 33,384 2,619
Charter School Payments 21,182 281 21,273 - 21,485 - 21,227 30 21,057 - 19,024 - 125,559 129,565 (4,006)
- - - -
TOTAL CASH DISBURSEMENTS 53,058 50,581 67,047 58,602 91,710 69,000 85,883 66,502 109,690 64,396 90,805 73,600 880,874 920,939 (40,065)

CASH & INVESTMENTS 175,957 150,482 152,039 134,009 106,716 125,214 201,468 204,826 257,409 240,973 230,910 224,003 224,003 147,370 76,633

CITY OF BUFFALO & BUFFALO BOARD OF EDUCATION


COMBINED CASH FLOW PROJECTION FOR 18-19
(amounts expressed in thousands) ORIGINAL
ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL PROJECTED AMT FROM
Cash Flow Projections JULY AUG. SEP. OCT. NOV. DEC. JAN. FEB. MAR. APR. MAY JUNE CURRENT BUDGET
subject to revisions 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 2019 PROJECTION 04/30/18 VARIANCE
BEGIN CASH & INVEST. 249,066 232,327 203,355 197,316 164,323 115,388 96,956 187,674 173,533 250,648 220,189 186,315 249,066 223,296 25,770
CASH RECEIPTS:
City of Buffalo 61,384 37,265 26,742 20,352 21,774 61,246 51,460 21,645 58,958 21,726 21,374 118,852 522,778 548,803 (26,025)
Buffalo Board of Education 27,390 25,106 68,604 40,572 64,417 87,498 162,137 69,860 162,273 47,960 80,742 66,693 903,252 892,431 10,821
TOTAL CASH RECEIPTS 88,774 62,371 95,346 60,924 86,191 148,744 213,597 91,505 221,231 69,686 102,116 185,545 1,426,030 1,441,234 (15,204)

CASH DISBURSEMENTS:
City of Buffalo 52,455 40,762 34,338 35,315 43,416 98,176 36,996 39,144 34,426 35,749 45,185 36,571 532,533 552,789 (20,256)
Buffalo Board of Education 53,058 50,581 67,047 58,602 91,710 69,000 85,883 66,502 109,690 64,396 90,805 73,600 880,874 920,939 (40,065)
TOTAL CASH DISBURSEMENTS 105,513 91,343 101,385 93,917 135,126 167,176 122,879 105,646 144,116 100,145 135,990 110,171 1,413,407 1,473,728 (60,321)

CASH 232,327 203,355 197,316 164,323 115,388 96,956 187,674 153,533 230,648 190,189 166,315 241,689 241,689 190,802 50,887
INVESTMENTS - - - - - - - 20,000 20,000 30,000 20,000 20,000 20,000 - 20,000
CASH & INVESTMENTS 232,327 203,355 197,316 164,323 115,388 96,956 187,674 173,533 250,648 220,189 186,315 261,689 261,689 190,802 70,887