Monthly Financial and Operating Report April 2024

Page 1

April 2024

Monthly Financial and Operating Report
Table of Contents General Fund 1 Sales Tax Funds Street Improvements Sales Tax Fund 2 Park Improvements Sales Tax Fund 3 Storm Water Sales Tax Fund 4 Police Public Safety Sales Tax Fund 5 Fire Protection Sales Tax Fund 6 Marijuana Sales Tax Fund 7 Use Tax Funds Animal Shelter 8 Police 9 Property Tax Levy Funds Health Property Tax Levy 10 Parks and Recreation Property Tax Levy 11 Special Revenue Funds Tourism Fund 12 Independence Square Benefit District 13 Community Development Block Grant Fund 14 Rental Rehabilitation 15 License Surcharge 16 Grants 17 American Rescue Plan (ARP) 18 Enterprise Funds Power and Light 19 - 20 Water 21 - 22 Water Pollution Control 23 - 24 Events Center Debt Service 25 Internal Service Funds Central Garage 26 Staywell Health Care 27 Worker's Compensation 28 Risk Management 29 Finance & Support Services 30 Debt Service Fund Debt Service - Neighborhood Improvement Districts 31 Capital Improvement Funds Street Improvements Capital Project Fund 32 Revolving Public Improvements Capital Project Fund 33 Building and Other Improvements Capital Project Fund 34 Storm Drainage Capital Project Fund 35 Park Improvements Capital Project Fund 36 Independence Events Center CID 37 Crackerneck Creek TDD 38 Tax Increment Financing Summary 39 Santa Fe TIF 40 Eastland TIF 41 North Independence TIF 42 Crackerneck Creek TIF 43 Old Landfill TIF 44 Trinity TIF 45 HCA TIF 46 Cinema East TIF 47 23rd & Noland Project 1 TIF 48 23rd & Noland Project 2 TIF 49 23rd & Noland Project 3 TIF 50 23rd & Noland Project 4 TIF 51 Independence Square TIF 52 I-70 & Little Blue Parkway Project 1 TIF 53 I-70 & Little Blue Parkway Project 3 TIF 54 Marketplace Project 1 TIF 55 Marketplace Project 2 TIF 56 Hub Drive TIF 57 TIF Supplemental Appropriation Fund 58

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule General Fund For the period ended April 30, 2024

Unassigned Fund Balance at Beginning of Year

Cancellation of prior year encumbrances

Change in other fund balance components during the year (29,005) Year-end investment market value adjustment Ending Unassigned Fund Balance, 04/30/24

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Real Estate Tax $ 6,003,000 6,003,000 6,107,634 104,634 101.74% 18.41% Sales Tax 21,565,625 21,565,625 17,791,077 (3,774,548) 82.50% -0.83% Use Tax 642,000 642,000 1,272,800 630,800 198.26% 114.93% Cigarette Tax 285,000 285,000 278,525 (6,475) 97.73% 14.40% Franchise Tax 8,333,000 8,333,000 6,994,853 (1,338,147) 83.94% 0.61% Licenses and Permits 4,452,950 4,452,950 4,021,429 (431,521) 90.31% 6.98% Intergovernmental 5,960,000 5,960,000 5,613,993 (346,007) 94.19% 10.86% Charges for Current Services 2,034,900 2,102,520 1,837,982 (264,538) 87.42% 4.09% Interfund Charges for Support Services 4,469,287 4,469,287 3,666,389 (802,898) 82.04% -1.29% Fines and Forfeitures 2,086,000 2,086,000 1,868,346 (217,654) 89.57% 6.24% Investment Income (Loss) 180,000 180,000 400,274 220,274 222.37% 139.04% Other Revenue 749,451 759,451 1,223,670 464,219 161.13% 77.80% Total Revenues 56,761,213 56,838,833 51,076,972 (5,761,861) 89.86% 6.53% Other Financing Sources: Payments In Lieu of Taxes 21,301,000 21,301,000 18,670,635 (2,630,365) 87.65% 4.32% Transfers In 22,018 22,018 0.00% -83.33% Operating Transfers In - American Rescue Plan 0.00% -83.33% Total Other Financing Sources 21,301,000 21,301,000 18,692,653 (2,608,347) 87.75% 4.42% Total Revenues and Other Financing Sources 78,062,213 78,139,833 69,769,625 (8,370,208) 89.29% 5.96% Expenditures: City Council 1,174,882 706,159 610,111 96,048 86.40% 3.07% City Clerk 482,323 249,894 232,429 51.81% -31.52% City Manager 1,292,479 1,299,079 1,095,145 203,934 84.30% 0.97% Municipal Court 1,579,595 1,579,595 1,246,647 332,948 78.92% -4.41% Law 185,216 185,216 150,197 35,019 81.09% -2.24% Finance 579,527 601,127 635,641 (34,514) 105.74% 22.41% Community Development 5,980,795 6,077,495 4,774,031 1,303,464 78.55% -4.78% Police 35,397,004 35,464,624 29,473,791 5,990,833 83.11% -0.22% Fire 24,379,630 24,408,630 22,579,535 1,829,095 92.51% 9.18% Municipal Services (Public Works) 5,103,087 5,175,387 3,745,230 1,430,157 72.37% -10.96% Parks and Recreation 1,478,993 1,494,293 1,168,997 325,296 78.23% -5.10% Contingencies 364,005 364,005 364,005 0.00% -83.33% Non-Departmental 21,600 56,036 (56,036) 0.00% -83.33% Debt service 165,400 165,400 165,150 250 99.85% 16.52% Total Expenditures 77,702,213 78,003,333 65,950,405 12,052,928 84.55% 1.22% Other Financing Uses: Transfers Out 360,000 360,000 25,540 334,460 7.09% -76.24% Total Expenditures and Other Financing Uses 78,062,213 78,363,333 65,975,945 12,387,388 84.19% 0.86% Excess
Revenue
Sources Over
Other Financing Uses, Budget Basis $ (223,500) 3,793,680 4,017,180
10,185,653
174,844
14,125,172 Restricted 267,403 Committed 50,106 Assigned 1,063,359 Total
$ 15,506,040
of
and Other Financing
(Under) Expenditures and
Fund Balance
1

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule

Street Improvements Sales Tax Fund For the period ended April 30, 2024

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Sales Taxes $ 10,534,000 10,534,000 8,223,748 (2,310,252) 78.07% -5.26% Use Tax 321,000 321,000 636,400 315,400 198.26% 114.93% Charges for Services —     —     —     —     0.00% -83.33% Intergovernmental Revenue —     —     449,917 449,917 0.00% -83.33% Investment Income (Loss) 125,000 125,000 670,991 545,991 536.79% 453.46% Other Revenue —     —     1,000,201 1,000,201 0.00% -83.33% Total Revenues 10,980,000 10,980,000 10,981,257 1,257 100.01% 16.68% Other Financing Sources: Transfers in —     —     —     —     0.00% -83.33% Total other financing sources —     —     —     —     0.00% -83.33% Total revenues and other financing sources 10,980,000 10,980,000 10,981,257 1,257 100.01% 16.68% Expenditures: General Government —     —     —     —     0.00% -83.33% Street Maintenance 1,382,173 1,382,173 1,009,982 372,191 73.07% -10.26% Capital Outlay 21,798,746 25,143,212 10,814,419 14,328,793 43.01% -40.32% Debt Service 1,747,446 1,747,446 1,747,446 —     100.00% 16.67% Total Expenditures 24,928,365 28,272,831 13,571,847 14,700,984 48.00% -35.33% Other Financing Uses: Transfers Out —     260,000 —     260,000 0.00% -83.33% Total Other Financing Uses —     260,000 —     260,000 0.00% -83.33% Total Expenditures and Other Financing Uses 24,928,365 28,532,831 13,571,847 14,960,984 47.57% -35.76% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (13,948,365) (17,552,831) (2,590,590) 14,962,241
Beginning
Year 3,396,368
Year
1,033,307 Change
Other
Components
Year 10,052,047
—
11,891,132
Current Year
5,867,003
874,167
1,450,000
421,124
$ 20,503,426
Unassigned Fund Balance at
of
Cancellation of Prior
Encumbrances
in
Fund Balance
During the
Year-end investment market value adjustment
Ending Unassigned Fund Balance, 04/30/24
Fund Balance Components: Restricted -
Encumbrances
Restricted - Prior Year Encumbrances
Restricted - Developer Contribution
Restricted - Debt Reserve Project Accounts - Capital Projects
Total Fund Balance
2

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule Park Improvements Sales Tax Fund For the period ended April 30, 2024

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Sales Taxes $ 5,268,000 5,268,000 4,111,875 (1,156,125) 78.05% -5.28% Use Tax 169,000 169,000 318,200 149,200 188.28% 104.95% Charges for services 578,500 578,500 439,511 (138,989) 75.97% -7.36% Intergovernmental 33,000 33,000 48,234 15,234 146.16% 62.83% Investment Income (Loss) 19,180 19,180 98,369 79,189 512.87% 429.54% Other Revenue 27,400 27,400 52,970 25,570 193.32% 109.99% Total Revenues 6,095,080 6,095,080 5,069,159 (1,025,921) 83.17% -0.16% Other Financing Sources: Transfers In —     —     228,514 228,514 0.00% -83.33% Transfers In - American Rescue Plan —     —     —     —     0.00% -83.33% Proceeds from Bond Issuance/Capital Lease —     —     —     —     0.00% -83.33% Total Other Financing Sources —     —     228,514 228,514 0.00% -83.33% Total Revenues and Other Financing Sources 6,095,080 6,095,080 5,297,673 (797,407) 86.92% 3.59% Expenditures: Culture and Recreation 6,940,818 6,953,318 5,143,891 1,809,427 73.98% -9.35% Capital Outlay 200,000 200,000 —     200,000 0.00% -83.33% Debt Service —     —     —     —     0.00% -83.33% Total Expenditures 7,140,818 7,153,318 5,143,891 2,009,427 71.91% -11.42% Other Financing Uses: Transfers Out —     —     —     —     0.00% -83.33% Total Other Financing Uses —     —     —     —     0.00% -83.33% Total Expenditures and Other Financing Uses 7,140,818 7,153,318 5,143,891 2,009,427 71.91% -11.42%
of Revenues Over (Under) Expenditures and Other Financing Uses $ (1,045,738) (1,058,238) 153,782 1,212,020 Unassigned Fund Balance at Beginning of Year 3,715,082 Cancellation of Prior Year Encumbrances 12,190 Change in Other Fund Balance Components During the Year —     Year-end investment market value adjustment —     Ending Unassigned
Balance, 04/30/24 3,881,054 Other
Restricted - Current Year Encumbrances 409,971 Restricted - Prior Year Encumbrances —     Total
$ 4,291,025
Excess
Fund
Fund Balance Components:
Fund Balance
3

Balance

Restricted - Regional Detention Construction

Restricted - Regional Detention Maintenance

Restricted - Emergency Response Relief

Total Fund Balance

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule

Storm Water Sales Tax Fund For the period ended April 30, 2024

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Sales Taxes $ 5,268,000 5,268,000 4,111,875 (1,156,125) 78.05% -5.28% Use Tax 169,000 169,000 318,200 149,200 188.28% 104.95% Charges for Services —     —     —     —     0.00% -83.33% Intergovernmental —     —     245,483 245,483 0.00% -83.33% Investment Income (loss) 164,000 164,000 386,473 222,473 235.65% 152.32% Other Revenue 7,900 7,900 23,976 16,076 303.49% 220.16% Total revenues 5,608,900 5,608,900 5,086,007 (522,893) 90.68% 7.35%
Storm water Administration 231,484 245,484 175,607 69,877 71.54% -11.79% Maintenance 2,829,466 2,815,466 1,892,652 922,814 67.22% -16.11% Permit completion 318,000 318,000 316,400 1,600 99.50% 16.17% Capital outlay 3,470,000 6,558,952 3,543,705 3,015,247 54.03% -29.30% —     Total Expenditures 6,848,950 9,937,902 5,928,364 4,009,538 59.65% -23.68% Other financing uses: Transfers out —     260,000 18,492 241,508 7.11% -76.22% Total other financing uses —     260,000 18,492 241,508 7.11% -76.22% Total Ependitures and Other Financing Uses 6,848,950 10,197,902 5,946,856 4,251,046 58.31% -25.02% Excess
$ (1,240,050) (4,589,002) (860,849) 3,728,153 Unassigned Fund Balance at Beginning of Year 10,968,275 Cancellation
Prior Year Encumbrances 121,618 Change
Other
Components
Year —     Year-end
value adjustment —
Balance, 04/30/24 10,229,044
2,884,368
139,677
Expenditures:
of Revenues Over (Under) Expenditures and Other Financing Uses
of
in
Fund Balance
During the
investment market
Ending Unassigned Fund
Other Fund
Components: Restricted - Current Year Encumbrances
Restricted - Prior Year Encumbrances
122,125
38,038
500,000
$ 13,913,252
4

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule Police Public Safety Sales Tax Fund For the period ended April 30, 2024

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Sales Taxes $ 2,831,000 2,831,000 2,386,351 (444,649) 84.29% 0.96% Use Tax 85,000 85,000 159,100 74,100 187.18% 103.85% Investment Income (Loss) 35,000 35,000 102,368 67,368 292.48% 209.15% Other Revenue 7,600 7,600 118,032 110,432 1553.05% 1469.72% Total Revenues 2,958,600 2,958,600 2,765,851 (192,749) 93.49% 10.16% Expenditures: Public Safety Communications 679,700 629,100 407,681 221,419 64.80% -18.53% Facilities 116,700 119,320 99,297 20,023 83.22% -0.11% Equipment 2,595,800 2,643,780 2,525,124 118,656 95.51% 12.18% Capital Outlay 1,400,000 1,400,000 1,325,051 74,949 94.65% 11.32% Debt Service 25,422 25,422 22,025 3,397 86.64% 3.31% Total Expenditures 4,817,622 4,817,622 4,379,178 438,444 90.90% 7.57% Other Financing Uses: Transfers Out/Capital Outlay —     —     —     —     0.00% -83.33% Total Other Financing Uses —     —     —     —     0.00% -83.33% Total Expenditures and Other Financing Uses 4,817,622 4,817,622 4,379,178 438,444 90.90% 7.57% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (1,859,022) (1,859,022) (1,613,327) 245,695 Unassigned Fund Balance at Beginning of Year 3,125,485 Cancellation of Prior Year Encumbrances 25,209 Change in Other Fund Balance Components During the Year —     Year-end investment market value adjustment —     Ending Unassigned Fund Balance, 04/30/24 1,537,367 Other Fund Balance Components: Restricted - Current Year Encumbrances 2,145,534 Restricted - Prior Year Encumbrances 29,907 Total Fund Balance $ 3,712,808
5

Expenditures:

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule Fire Protection Sales Tax Fund For the period ended April 30, 2024

Unassigned Fund Balance at Beginning of Year 8,787,693

Cancellation of Prior Year Encumbrances

Change in Other Fund Balance Components During the Year

Year-end investment market value adjustment

Ending Unassigned Fund Balance, 04/30/24

Other Fund Balance Components:

Restricted - Current Year Encumbrances

Restricted - Prior Year Encumbrances

Total Fund Balance

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Sales Taxes $ 11,395,000 11,395,000 9,101,547 (2,293,453) 79.87% -3.46% Use Tax 321,000 321,000 636,400 315,400 198.26% 114.93% Investment Income (Loss) 47,000 47,000 338,739 291,739 720.72% 637.39% Other Revenue 6,000 6,000 69,766 63,766 1162.77% 1079.44% Total Revenues 11,769,000 11,769,000 10,146,452 (1,622,548) 86.21% 2.88%
Public Safety 8,391,735 8,247,387 4,196,955 4,050,432 50.89% -32.44% Capital outlay 1,800,000 2,087,401 1,687,401 400,000 80.84% -2.49% Debt Service 73,236 217,584 217,584 —     100.00% 16.67% Total Expenditures 10,264,971 10,552,372 6,101,940 4,450,432 57.83% -25.50% Other Financing Uses: Transfers Out/Capital Outlay —     —     —     —     0.00% -83.33% Total Other Financing Uses —     —     —     —     0.00% -83.33% Total Expenditures and Other Financing Uses 10,264,971 10,552,372 6,101,940 4,450,432 57.83% -25.50%
of Revenues Over (Under) Expenditures and Other Financing Uses $ 1,504,029 1,216,628 4,044,512 2,827,884
Excess
—
—
—
12,832,205
1,012,657
987,278
$ 14,832,140
6

of Prior Year Encumbrances

in Other Fund Balance Components During the Year

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule Marijuana Sales Tax Fund For the period ended April 30, 2024

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Sales Taxes $ 150,000 150,000 453,030 303,030 302.02% 218.69% Use Tax —     —     —     —     0.00% -83.33% Investment Income (Loss) —     —     2,345 2,345 0.00% -83.33% Other Revenue —     —     —     —     0.00% -83.33% Total Revenues 150,000 150,000 455,375 305,375 303.58% 220.25% Expenditures: Public Safety 15,000 15,000 25,000 (10,000) 166.67% 83.34% Community Development —     —     382,291 (382,291) 0.00% -83.33% Capital outlay —     —     —     —     0.00% -83.33% Debt Service —     —     —     —     0.00% -83.33% Total Expenditures 15,000 15,000 407,291 (392,291) 2715.27% 2631.94% Other Financing Uses: Transfers Out/Capital Outlay —     —     —     —     0.00% -83.33% Total Other Financing Uses —     —     —     —     0.00% -83.33% Total Expenditures and Other Financing Uses 15,000 15,000 407,291 (392,291) 2715.27% 2631.94% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 135,000 135,000 48,084 (86,916)
—     Cancellation
—
—
—     Ending
48,084
Restricted - Current Year Encumbrances 254,002
—     Total Fund Balance $ 302,086
Unassigned Fund Balance at Beginning of Year
Change
Year-end investment market value adjustment
Unassigned Fund Balance, 04/30/24
Other Fund Balance Components:
Restricted - Prior Year Encumbrances
7

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule Animal Shelter Use Tax For the period ended April 30, 2024

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Use Tax $ 855,000 855,000 855,000 —     100.00% 16.67% Intergovernmental Revenue —     —     —     —     0.00% -83.33% Investment Income (Loss) 6,000 6,000 26,886 20,886 448.10% 364.77% Other Revenue —     —     127 127 0.00% -83.33% Total Revenues 861,000 861,000 882,013 21,013 102.44% 19.11% Other Financing sources: Transfers in 25,000 25,000 —     (25,000) 0.00% -83.33% Total other financing sources 25,000 25,000 —     (25,000) 0.00% 0.00% Total revenues and other financing sources 886,000 886,000 882,013 (3,987) 99.55% 16.22% Expenditures: General Government —     —     —     —     0.00% -83.33% Animal Services 886,000 886,000 533,340 352,660 60.20% -23.13% Capital Outlay —     —     —     —     0.00% -83.33% Debt Service —     —     —     —     0.00% -83.33% Total Expenditures 886,000 886,000 533,340 352,660 60.20% -23.13% Other Financing Uses: Transfers In —     —     —     —     0.00% -83.33% Transfers Out —     —     —     —     0.00% -83.33% Total Other Financing Uses —     —     —     —     0.00% -83.33% Total Expenditures and Other Financing Uses 886,000 886,000 533,340 352,660 60.20% -23.13% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ —     —     348,673 348,673 Unassigned Fund Balance at Beginning of Year 322,768 Cancellation of Prior Year Encumbrances —     Change in Other Fund Balance Components During the Year —     Year-end investment market value adjustment —     Ending Unassigned Fund Balance, 04/30/24 671,441 Fund Balance Components: Restricted - Current Year Encumbrances 1,620 Restricted - Prior Year Encumbrances —     Total Fund Balance $ 673,061
8

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule Police Use Tax For the period ended April 30, 2024

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Use Tax $ 4,483,000 4,483,000 4,483,000 —     100.00% 16.67% Investment Income (Loss) 59,000 59,000 198,967 139,967 337.23% 253.90% Other Revenue —     —     20 20 0.00% -83.33% Total Revenues 4,542,000 4,542,000 4,681,987 139,987 103.08% 19.75% Expenditures: Public Safety 4,231,251 4,730,815 4,023,397 707,418 85.05% 1.72% Debt Service —     —     —     —     0.00% -83.33% Total Expenditures 4,231,251 4,730,815 4,023,397 707,418 85.05% 1.72% Other Financing Uses: Transfers Out/Capital Outlay —     —     —     —     0.00% -83.33% —     Total Other Financing Uses —     —     —     —     0.00% -83.33% Total Expenditures and Other Financing Uses 4,231,251 4,730,815 4,023,397 707,418 85.05% 1.72% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 310,749 (188,815) 658,590 847,405 Unassigned Fund Balance at Beginning of Year 4,952,541 Cancellation of Prior Year Encumbrances 7,404 Change in Other Fund Balance Components During the Year —     Year-end investment market value adjustment —     Ending Unassigned Fund Balance, 04/30/24 5,618,535 Other Fund Balance Components: Restricted - Current Year Encumbrances 916,068 Restricted - Prior Year Encumbrances 13,692 Total Fund Balance $ 6,548,295
9

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule Health Property Tax Levy For the period ended April 30, 2024

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget
Taxes $ 870,620 870,620 913,419 42,799 104.92% 21.59% Charges for Services 170,000 170,000 215,167 45,167 126.57% 43.24% Licenses & Permits 412,400 412,400 369,668 (42,732) 89.64% 6.31% Investment Income (Loss) 11,500 11,500 15,728 4,228 136.77% 53.44% Other Revenue 14,000 14,000 61,914 47,914 442.24% 358.91% Total Revenues 1,478,520 1,478,520 1,575,896 97,376 106.59% 23.26% Other Financing Sources: Transfers In 325,000 325,000 —     (325,000) 0.00% -83.33% Transfers In - American Rescue Plan —     —     —     —     0.00% -83.33% Total Other Financing Uses 325,000 325,000 —     (325,000) 0.00% -83.33% Total Revenues and Other Sources 1,803,520 1,803,520 1,575,896 (227,624) 87.38% 4.05% Expenditures: Animal Services 997,848 997,848 1,088,665 (90,817) 109.10% 25.77% Health Services 805,672 827,472 646,913 180,559 78.18% -5.15% Total Expenditures 1,803,520 1,825,320 1,735,578 89,742 95.08% 11.75% Other Financing Uses: Transfers Out —     —     —     —     0.00% -83.33% Total Other Financing Uses —     —     —     —     0.00% -83.33% Total Expenditures and Other Uses 1,803,520 1,825,320 1,735,578 89,742 95.08% 11.75% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ —     (21,800) (159,682) (137,882) Unassigned Fund Balance at Beginning of Year 348,758 Cancellation of Prior Year Encumbrances —     Change in Other Fund Balance Components During the Year —     Year-end investment market value adjustment —     Ending Unassigned Fund Balance, 04/30/24 189,076 Other Fund Balance Components: Restricted - Current Year Encumbrances 107,587 Restricted - Prior Year Encumbrances 2,148 Total Fund Balance $ 298,811
Revenues:
10

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule

Parks and Recreation Property Tax Levy

For the period ended April 30, 2024

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget
Taxes $ 1,838,155 1,838,155 1,941,016 102,861 105.60% 22.27% Intergovernmental —     —     —     —     0.00% -83.33% Charges for Services 88,500 88,500 71,559 (16,941) 80.86% -2.47% Investment Income (Loss) 16,485 16,485 29,860 13,375 181.13% 97.80% Other Revenue —     —     1,272 1,272 0.00% -83.33% Total Revenues 1,943,140 1,943,140 2,043,707 100,567 105.18% 21.85% Other Financing Sources: Transfers In —     —     113,680 113,680 0.00% -83.33% Total Other Financing Uses —     —     113,680 113,680 0.00% -83.33% Total Revenues and Other Sources 1,943,140 1,943,140 2,157,387 214,247 111.03% 27.70% Expenditures: Parks and Recreation 1,583,850 1,586,850 1,341,376 245,474 84.53% 1.20% Total Expenditures 1,583,850 1,586,850 1,341,376 245,474 84.53% 1.20% Other Financing Uses – Transfers Out —     —     —     —     0.00% -83.33% Total Other Financing Uses —     —     —     —     0.00% -83.33% Total Expenditures and Other Uses 1,583,850 1,586,850 1,341,376 245,474 84.53% 1.20% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 359,290 356,290 816,011 459,721 Unassigned Fund Balance at Beginning of Year 23,687 Cancellation of Prior Year Encumbrances 30 Change in Other Fund Balance Components During the Year —     Year-end investment market value adjustment —     Ending Unassigned Fund Balance, 04/30/24 839,728 Other Fund Balance Components: Restricted - Current Year Encumbrances 86,043 Restricted - Prior Year Encumbrances 1,322 Total Fund Balance $ 927,093 11
Revenues:

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule Tourism Fund

For the period ended April 30, 2024

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget
Transient Guest Taxes $ 2,300,000 2,300,000 1,901,992 (398,008) 82.70% -0.63% Charges for Services —     —     7,222 7,222 0.00% -83.33% Investment Income (Loss) 25,050 25,050 70,581 45,531 281.76% 198.43% Other Revenue 3,000 3,000 6,095 3,095 203.17% 119.84% Total Revenues 2,328,050 2,328,050 1,985,890 (342,160) 85.30% 1.97% Other Financing
Transfers In - American Resuce Plan —     —     —     —     0.00% -83.33% Total Other Financing Uses —     —     —     —     0.00% -83.33% Total Revenues and Other Sources 2,328,050 2,328,050 1,985,890 (342,160) 85.30% 1.97% Expenditures: Tourism 2,743,264 3,580,015 2,443,907 1,136,108 68.27% -15.06% Total Expenditures 2,743,264 3,580,015 2,443,907 1,136,108 68.27% -15.06% Other Financing Uses – Transfers Out —     —     310,110 (310,110) 0.00% -83.33% Total Other Financing Uses —     —     310,110 (310,110) 0.00% -83.33% Total Expenditures and Other Uses 2,743,264 3,580,015 2,754,017 825,998 76.93% -6.40% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (415,214) (1,251,965) (768,127) 483,838 Unassigned Fund Balance at Beginning of Year 1,938,742 Cancellation of Prior Year Encumbrances 5,220 Change in Other Fund Balance Components During the Year —     Year-end investment market value adjustment —     Ending Unassigned Fund Balance, 04/30/24 1,175,835 Other Fund
Components: Restricted - Current Year Encumbrances 442,636 Restricted - Prior Year Encumbrances 5,743 Restricted - Operating Reserve 376,368 Total Fund Balance $ 2,000,582
Revenues:
Sources:
Balance
12

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule

Independence Square Benefit District

For the period ended April 30, 2024

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Taxes $ —     —     27,436 27,436 0.00% -83.33% Investment Income (Loss) —     —     2,659 2,659 0.00% -83.33% Other Revenue —     —     —     —     0.00% -83.33% Total Revenues —     —     30,095 30,095 0.00% -83.33% Expenditures: General government —     —     443 (443) 0.00% -83.33% Total Expenditures —     —     443 (443) 0.00% -83.33% Other Financing Uses – Transfers Out —     —     —     —     0.00% -83.33% Total Other Financing Uses —     —     —     —     0.00% -83.33% Total Expenditures and Other Uses —     —     443 (443) 0.00% -83.33% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ —     —     29,652 29,652 Unassigned Fund Balance at Beginning of Year 8,737 Cancellation of Prior Year Encumbrances —     Change in Other Fund Balance Components During the Year —     Year-end investment market value adjustment —     Ending Unassigned Fund Balance, 04/30/24 38,389 Other Fund Balance Components: Restricted - Current Year Encumbrances —     Restricted - Prior Year Encumbrances —     Total Fund Balance $ 38,389 13

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule

Community Development Block Grant Fund For the period ended April 30, 2024

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget
Federal Grant - CDBG $ 851,251 851,251 540,403 (310,848) 63.48% -19.85% Other Revenue —     —     712 712 —     -83.33% Total Revenues 851,251 851,251 541,115 (310,136) 63.57% -19.76% Expenditures: CDBG Administration 169,702 169,702 133,617 36,085 78.74% -4.59% CDBG Expenditures 681,001 681,001 461,284 219,717 67.74% -15.59% Total Expenditures 850,703 850,703 594,901 255,802 69.93% -13.40% Other Financing
Transfers Out —     —     —     —     0.00% -83.33% Total Other Financing Uses —     —     —     —     0.00% -83.33% Total Expenditures and Other Uses 850,703 850,703 594,901 255,802 69.93% -13.40% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 548 548 (53,786) (54,334) Unassigned Fund Balance at Beginning of Year (9,437) Cancellation of Prior Year Encumbrances —     Change in Other Fund Balance Components During the Year —     Ending Unassigned Fund Balance, 04/30/24 (63,223) Other Fund Balance Components: Restricted - Current Year Encumbrances 63,179 Restricted - Prior Year Encumbrances 44 Total Fund Balance $ —
Revenues:
Uses:
14

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule Rental Rehabilitation For the period ended April 30, 2024

Revenues:

Expenditures:

Excess

Unassigned Fund Balance at Beginning of Year

Cancellation of Prior Year Encumbrances

Change in Other Fund Balance Components During the Year

Ending Unassigned Fund Balance, 04/30/24 (84,231)

Other Fund Balance Components: Restricted - Current Year Encumbrances

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget
HOME Program Grant $ 570,305 570,305 156,173 (414,132) 27.38% -55.95% Other Revenue —     —     (7) (7) 0.00% -83.33% Total Revenues 570,305 570,305 156,166 (414,139) 27.38% -55.95%
HOME Administration 59,987 59,987 39,811 20,176 66.37% -16.96% Multi Family Housing 375,107 375,107 —     375,107 0.00% -83.33% Community Housing Development 107,172 107,172 —     107,172 0.00% -83.33% Total Expenditures 542,266 542,266 39,811 502,455 7.34% -75.99%
of Revenues Over (Under) Expenditures and Other Financing Uses $ 28,039 28,039 116,355 88,316
(200,586)
—
—
—
84,231
$ —
Restricted - Prior Year Encumbrances
Total Fund Balance
15

Cancellation of Prior Year Encumbrances

Change in Other Fund Balance Components During the Year

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule License Surcharge For the period ended April 30, 2024

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Licenses and Permits $ —     —     100 100 0.00% -83.33% Investment Income (Loss) 21,000 21,000 39,335 18,335 187.31% 103.98% Other Revenue —     —     —     —     0.00% -83.33% Total Revenues 21,000 21,000 39,435 18,435 187.79% 104.46% Expenditures: General Government —     —     326 (326) 0.00% -83.33% Total expenditures —     —     326 (326) 0.00% -83.33% Other Financing Uses: Transfers Out/Capital Outlay —     —     39,052 (39,052) 0.00% -83.33% Total Other Financing Uses —     —     39,052 (39,052) 0.00% -83.33% Total Expenditures and Other Financing Uses —     —     39,378 (39,378) 0.00% -83.33% Excess
Uses $ 21,000 21,000 57 (20,943)
1,287,491
of Revenues Over (Under) Expenditures and Other Financing
Unassigned Fund Balance at Beginning of Year
—
—
—
—
—     Total
$
Year-end investment market value adjustment
Ending Unassigned Fund Balance, 04/30/24 1,287,548 Other Fund Balance Components: Restricted - Current Year Encumbrances
Restricted - Prior Year Encumbrances
Fund Balance
1,287,548
16

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule Grants

For the period ended April 30, 2024

Unassigned Fund Balance at Beginning of Year (131,639)

Cancellation of Prior Year Encumbrances

Change in Other Fund Balance Components During the Year

Ending Unassigned Fund Balance, 04/30/24 (688,414)

Other Fund Balance Components:

Restricted - Current

Restricted - Prior Year Encumbrances

Total Fund Balance $ (67,361)

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Intergovernmental $ 4,479,344 7,116,979 3,196,570 (3,920,409) 44.91% -38.42% Charges for Services 109,023 109,023 177,953 68,930 163.23% 79.90% Other Revenue 140,620 335,675 7,562 (328,113) 2.25% -81.08% Total Revenues 4,728,987 7,561,677 3,382,085 (4,179,592) 44.73% -38.60% Other financing sources: Transfers In —     —     —     —     0.00% -83.33% Total other financing sources —     —     —     —     0.00% -83.33% Total revenues and other financing sources 4,728,987 7,561,677 3,382,085 (4,179,592) 44.73% -38.60% Expenditures: Public Safety 778,911 2,900,222 1,828,743 1,071,479 63.06% -20.27% General Government 100,880 137,424 100,306 37,118 72.99% -10.34% Culture and Recreation 82,434 39,238 23,298 15,940 59.38% -23.95% Community Development 1,510,774 1,217,717 1,160,308 57,409 95.29% 11.96% Animal Services 16,269 30,374 13,157 17,217 43.32% -40.01% Health Services 1,473,853 3,175,673 813,048 2,362,625 25.60% -57.73% Total Expenditures 3,963,121 7,500,648 3,938,860 3,561,788 52.51% -30.82% Other Financing Uses: Transfers Out/Capital Outlay —     —     —     —     0.00% -83.33% Total Other Financing Uses —     —     —     —     0.00% -83.33% Total Expenditures and Other Financing Uses 3,963,121 7,500,648 3,938,860 3,561,788 52.51% -30.82% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 765,866 61,029 (556,775) (617,804)
—
—
544,987
Year Encumbrances
76,066
17

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule

American Rescue Plan (ARP) For the period ended April 30, 2024

Unassigned Fund Balance at Beginning of Year (421,022)

Cancellation of Prior Year Encumbrances

Change in Other Fund Balance Components During the Year

Ending Unassigned Fund Balance, 04/30/24 (329,738)

Other Fund Balance Components:

Restricted - Current Year Encumbrances

Restricted - Prior Year Encumbrances

Total Fund Balance $ (4,880)

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Intergovernmental $ 9,557,038 5,408,133 732,022 (4,676,111) 13.54% -69.79% Charges for Services —     —     —     —     0.00% -83.33% Other Revenue —     —     —     —     0.00% -83.33% Total Revenues 9,557,038 5,408,133 732,022 (4,676,111) 13.54% -69.79% Other financing sources: Transfers in —     —     —     —     0.00% -83.33% Total other financing sources —     —     —     —     0.00% -83.33% Total revenues and other financing sources 9,557,038 5,408,133 732,022 (4,676,111) 13.54% -69.79% Expenditures: Personnel Services —     —     111,794 (111,794) 0.00% -83.33% Other Services 1,112,038 1,112,038 547,412 564,626 49.23% -34.10% Supplies —     —     (19,479) 19,479 0.00% -83.33% Capital Outlay 4,135,000 3,875,074 1,011 3,874,063 0.03% -83.30% Total Expenditures 5,247,038 4,987,112 640,738 4,346,374 12.85% -70.48% Other Financing Uses: Transfers Out - American Rescue Plan 4,200,000 —     —     —     0.00% -83.33% —     Total Other Financing Uses 4,200,000 —     —     —     0.00% -83.33% Total Expenditures and Other Financing Uses 9,447,038 4,987,112 640,738 4,346,374 12.85% -70.48% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 110,000 421,021 91,284 (329,737)
—
—
208,918
115,940
18

Income (Loss) Before Transfers

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule Power and Light For the period ended April 30, 2024

Actual Variance Percent Percent Budgeted Amounts Amounts with Amended Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Operating Revenues: Charges for Services $ 137,475,870 137,475,870 123,474,025 (14,001,845) 89.82% 6.49% Penalties 1,000,000 1,000,000 1,241,421 241,421 124.14% 40.81% Connection Charges 33,000 33,000 6,016 (26,984) 18.23% -65.10% Miscellaneous —     —     52,349 52,349 0.00% -83.33% Temporary Service 1,000 1,000 550 (450) 55.00% -28.33% Rental Income 294,500 294,500 299,904 5,404 101.83% 18.50% Transmission Wheeling 7,000,000 7,000,000 5,243,211 (1,756,789) 74.90% -8.43% Total Operating Revenues 145,804,370 145,804,370 130,317,476 (15,486,894) 89.38% 6.05% Operating Expenses: Personnel Services 30,327,879 30,327,879 23,974,196 6,353,683 79.05% -4.28% Retiree Benefits 1,460,000 1,460,000 1,213,984 246,016 83.15% -0.18% Other Services 28,080,687 27,944,887 23,934,581 4,010,306 85.65% 2.32% Supplies 62,389,475 63,190,275 53,112,214 10,078,061 84.05% 0.72% Capital Projects 14,747,000 23,120,096 2,835,998 20,284,098 12.27% -71.06% Capital Operating 1,356,440 1,577,637 584,944 992,693 37.08% -46.25% Debt Service 8,638,100 8,638,100 3,850,441 4,787,659 44.58% -38.75% Other Expenses 100,000 100,000 —     100,000 0.00% -83.33% Total Operating Expenses 147,099,581 156,358,874 109,506,358 46,852,516 70.04% -13.29% Nonoperating Revenues (Expenses): Investment Income 118,000 118,000 2,254,207 2,136,207 1910.34% 1827.01% Interfund Charges for Support Services 2,075,300 2,075,300 1,764,237 (311,063) 85.01% 1.68% Miscellaneous Revenue (Expense) 15,700 15,700 615,879 600,179 3922.80% 3839.47% Total Nonoperating Revenue (Expenses) 2,209,000 2,209,000 4,634,323 2,425,323 209.79% 126.46% 913,789 (8,345,504) 25,445,441 33,790,945 -304.90% -388.23% Capital Contributions —     —     —     —     0.00% -83.33% Transfers Out – Utility Payments In Lieu of Taxes (14,601,000) (14,601,000) (12,913,181) (1,687,819) 88.44% 5.11% Transfers In —     —     —     —     0.00% -83.33% Transfers Out —     —     —     —     0.00% -83.33% Total Transfers (14,601,000) (14,601,000) (12,913,181) (1,687,819) 88.44% 5.11% Excess of Revenue and Other Financing Sources Over (Under) Expenditures and Other Financing Uses, Budget Basis $ (13,687,211) (22,946,504) 12,532,260 35,478,764 Beginning Available Resources 51,797,305 Prior Period Adjustment —     Year-End Investment Market Value Adjustment —     Ending Available Resources 64,329,565 Revenue Risk 5,300,000 Capital Reserve 3,000,000 Expense Risk 18,700,000 Working Capital 25,500,000 Targeted Reserve Level 52,500,000
Non-Restricted Resources Available $ 11,829,565
Total
19

Power and Light - Open Capital Projects As of April 30, 2024

PROJECT PROJECT TITLE ORIGINAL BUDGET NET BUDGET AMENDMENTS REVISED BUDGET ENCUMBRANCES ACTUALS AVAILABLE BUDGET 200815 T&D Sys IMPROVEMENTS $ 550,000.00 751,671.50 1,301,671.50 180,845.36 792,392.31 328,433.83 200828 FIBER OPTIC PROGRAM 200,000.00 70,789.23 270,789.23 94,288.97 142,762.33 33,737.93 201106 69 KV SUBSTATION FACILITIES - 236,068.65 236,068.65 38,493.25 121,089.08 76,486.32 201405 SUBSTATION SECURITY PROJECT - 196,405.74 196,405.74 68,411.53 43,660.52 84,333.69 201510 Sys OpS / DISPATCH - 43,034.77 43,034.77 33,430.50 - 9,604.27 201603 69 KV Trans LINE REBUIL - 771,535.88 771,535.88 64,309.79 20,381.70 686,844.39 201604 Sys OpS / UPS UPGRAD - 51,175.00 51,175.00 - 51,175.00201605 Sys OpS WORK AREA 700,000.00 619,842.18 1,319,842.18 - - 1,319,842.18 201702 Prod FACILITIES IMPROVE - 172,116.00 172,116.00 - - 172,116.00 201703 BV GROUND WATER - 289,356.17 289,356.17 74,339.00 53,232.15 161,785.02 201706 SUBSTATION K SWITCHGEAR & - 146,637.27 146,637.27 146,316.11 - 321.16 201710 Mo CITY DIVESTITURE - 350,294.83 350,294.83 280,235.43 70,058.90 0.50 201804 SUBSTATION E SWITCHGEAR REPLACEMENT - 2,281,361.33 2,281,361.33 119,905.56 239,213.90 1,922,241.87 202101 Substation Fiber Optic Network 217,000.00 832,919.23 1,049,919.23 17,925.00 53,321.00 978,673.23 202102 Traffic Controller Upgrades - 56,342.00 56,342.00 27,715.00 19,686.00 8,941.00 202103 Traffic Camera System Upgrades - 51,837.00 51,837.00 45,000.00 - 6,837.00 202107 Motorola APX Radio Purchase Phase 2 - 67,716.89 67,716.89 - - 67,716.89 202108 Operations APC UPS Battery Replace 75,000.00 99,700.00 174,700.00 - - 174,700.00 202109 Substation Modeling 150,000.00 - 150,000.00 - - 150,000.00 202110 20MVAR Capacitor Bank Sub A - 190,689.11 190,689.11 - 13,233.83 177,455.28 202111 Transmission Pole Replacement Prog - 529,680.46 529,680.46 21,375.83 35,674.10 472,630.53 202201 Substation A Transformer T-9 Mtce - 180,000.00 180,000.00 73,255.00 - 106,745.00 202202 Substation N Transformer T-1 Maint 180,000.00 - 180,000.00 - - 180,000.00 202205 Desert Storm Switchgear Cabinets 250,000.00 500,000.00 750,000.00 296,099.58 249,977.25 203,923.17 202206 T & D Road Improvement Projects - 1,205,645.70 1,205,645.70 913,291.78 204,265.26 88,088.66 202208 Traffic Signal Detection Systems 60,000.00 21,635.00 81,635.00 2,140.00 2,860.73 76,634.27 202210 IPL Service Center PBX Upgrade to I 15,000.00 85,000.00 100,000.00 - - 100,000.00 202211 H-5 Hot Gas Path Inspection - 239,397.25 239,397.25 - - 239,397.25 202304 Controls Software Upgrade - 364,491.80 364,491.80 46,669.40 303,986.40 13,836.00 202305 PLSC Operations Area HVAC Upgrade - 100,000.00 100,000.00 - - 100,000.00 202306 Substation A Blockhouse Roof Repl - 25,022.00 25,022.00 - - 25,022.00 202308 Substn & Trans Upgrade &Replacement - 389,841.71 389,841.71 - 1,441.58 388,400.13 202314 Construction of New Substation S 6,000,000.00 - 6,000,000.00 - - 6,000,000.00 202315 Construct New Trans System Sub S 1,350,000.00 - 1,350,000.00 - - 1,350,000.00 202316 Construct 6 New Dist Feeders Sub S 650,000.00 357,460.73 1,007,460.73 96,633.49 54,306.24 856,521.00 202317 H5 Combustion Turbine Repair - 714,175.19 714,175.19 22,862.02 330,876.40 360,436.77 202401 Purchase Evergy 69kV Line 1,200,000.00 - 1,200,000.00 20,000.00 - 1,180,000.00 202403 Sub M Breaker Replacement 150,000.00 - 150,000.00 - - 150,000.00 202405 Emergency Replacement Trans Poles 250,000.00 - 250,000.00 42,751.66 - 207,248.34 202406 Service Center Upgrades 500,000.00 - 500,000.00 198,799.00 - 301,201.00 202407 Emergent Maintenance Production 400,000.00 - 400,000.00 - - 400,000.00 202408 Substation & Trans Upgrade &Replace 400,000.00 - 400,000.00 - - 400,000.00 202409 T & D Road Improvement Projects 500,000.00 - 500,000.00 - - 500,000.00 202410 T & D System Improvements 500,000.00 - 500,000.00 - - 500,000.00 202411 SCADA/EMS Software/Hardware Upgrade 450,000.00 - 450,000.00 187,440.00 148,357.81 114,202.19 $ 14,747,000.00 11,991,842.62 26,738,842.62 3,112,533.26 2,951,952.49 20,674,356.87 Current Year Prior Year Budget Budget (Enc Roll) Total Budget 23,120,096.31 $ 3,618,746.31 26,738,842.62 Less Expenditures 911,929.58 2,040,022.91 2,951,952.49 Less Encumbrances 1,924,068.00 1,188,465.26 3,112,533.26 Total Available 20,284,098.73 $ 390,258.14 20,674,356.87
20

Income (Loss) Before Transfers

CITY OF INDEPENDENCE, MISSOURI

Budgetary

Actual Variance Percent Percent Budgeted Amounts Amounts with Amended Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Operating Revenues: Charges for Services $ 32,610,000 32,610,000 27,849,739 (4,760,261) 85.40% 2.07% Penalties 200,000 200,000 185,795 (14,205) 92.90% 9.57% Connection/Disconnection Charges 17,000 17,000 20,621 3,621 121.30% 37.97% Miscellaneous 15,000 15,000 7,958 (7,042) 53.05% -30.28% Returned Check Charges 26,000 26,000 27,060 1,060 104.08% 20.75% Rental Income 85,000 85,000 97,289 12,289 114.46% 31.13% Meter Repairs —     —     —     —     0.00% -83.33% Merchandising Jobbing —     —     3,776 3,776 0.00% -83.33% Total Operating Revenues 32,953,000 32,953,000 28,192,238 (4,760,762) 85.55% 2.22% Operating expenses: Personnel Services 10,123,922 10,026,347 7,129,295 2,897,052 71.11% -12.22% Retiree Benefits 364,000 364,000 272,684 91,316 74.91% -8.42% Other Services 14,168,493 13,968,493 9,407,093 4,561,400 67.35% -15.98% Supplies 3,626,950 4,160,950 3,563,063 597,887 85.63% 2.30% Capital Projects 8,050,000 19,022,845 1,698,096 17,324,749 8.93% -74.40% Capital Operating 1,037,800 711,800 475,480 236,320 66.80% -16.53% Debt Service 2,540,938 2,540,938 2,367,220 173,718 93.16% 9.83% Other Expenses 50,000 50,000 —     50,000 0.00% -83.33% Total Operating Expenses 39,962,103 50,845,373 24,912,931 25,932,442 49.00% -34.33% Nonoperating Revenues (Expenses): Investment Income 657,138 657,138 1,732,696 1,075,558 263.67% 180.34% Interfund Charges for Support Services 3,360,000 3,360,000 2,803,976 (556,024) 83.45% 0.12% Miscellaneous Revenue (Expense) 16,700 16,700 87,330 70,630 522.93% 439.60% Total Nonoperating Revenue (Expenses) 4,033,838 4,033,838 4,624,002 590,164 114.63% 31.30% (2,975,265) (13,858,535) 7,903,309 21,761,844 -57.03% -140.36% Transfers Out – Utility Payments In Lieu of Taxes (2,990,770) (2,990,770) (2,707,335) (283,435) 90.52% 7.19% Transfers In —     —     —     —     0.00% -83.33% Transfers Out —     —     —     —     0.00% -83.33% Total Transfers (2,990,770) (2,990,770) (2,707,335) (283,435) 90.52% 7.19% Excess of Revenue and Other Financing Sources Over (Under) Expenditures and Other Financing Uses, Budget Basis $ (5,966,035) (16,849,305) 5,195,974 22,045,279 Beginning Available Resources 51,219,649 Year-End Investment Market Value Adjustment —     Ending Available Resources 56,415,623 Revenue Risk 2,000,000 Capital Reserve 6,100,000 Expense Risk 700,000 Working Capital 5,600,000 Targeted Reserve Level 14,400,000 Total Non-Restricted Resources Available $ 42,015,623
21
Comparison Schedule Water For the period ended April 30, 2024

Water - Open Capital Projects As of April 30, 2024

PROJECT PROJECT TITLE ORIGINAL BUDGET NET BUDGET AMENDMENTS REVISED BUDGET ENCUMBRANCES ACTUALS AVAILABLE BUDGET 400708 TREATMENT Plt DISCHARGE $ 1,000,000.00 273,113.14 1,273,113.14 33,106.13 38,007.01 1,202,000.00 400904 EAST INDEPENDENCE INDUST PARK - - - - -401003 FUTURE Prod WELLS 500,000.00 1,462,326.00 1,962,326.00 495,860.14 754,033.86 712,432.00 401301 23RD ST MAIN REPLACEMENT - 311,672.57 311,672.57 2,811.00 - 308,861.57 401402 LAGOON CLEANOUT 500,000.00 (24,500.00) 475,500.00 194,400.00 - 281,100.00 401505 Dist Sys IMPROVE - 244,781.00 244,781.00 - - 244,781.00 401601 FILTER BACKWASH OUTFALL - 190,325.00 190,325.00 - - 190,325.00 401602 Plt DISCHARGE OUTFALL - 459,824.48 459,824.48 - - 459,824.48 401608 LIME SILO - 3,919,760.18 3,919,760.18 2,105,258.25 1,446,380.28 368,121.65 401703 Maint BUILDING AT CBP - 200,000.00 200,000.00 - - 200,000.00 401804 Filter Valve House Roof Improvement - 97,292.00 97,292.00 - - 97,292.00 401818 30" Steel Transmission Main Assess - 156,300.00 156,300.00 - - 156,300.00 401822 Main Replacement-24Hwy/Northern/RR - 240,166.00 240,166.00 - - 240,166.00 402002 39th Street Reservoir - 18,408.30 18,408.30 13,455.30 4,953.00402007 Courtney Bend Emergency Generator - 1,150,000.00 1,150,000.00 - - 1,150,000.00 402008 Wellfield Overhead Electrical Imp - 1,000,000.00 1,000,000.00 - - 1,000,000.00 402009 Main Replace Sheley/Claremont/Norw - 188,790.00 188,790.00 - - 188,790.00 402101 Main Replacement Ralston 31st/29th - 361,105.00 361,105.00 69,080.84 260,115.66 31,908.50 402102 Main Replacement 3rd St & Jennings - 436,013.00 436,013.00 - - 436,013.00 402103 Main Replacement Truman Road - 86,890.00 86,890.00 44,728.00 - 42,162.00 402104 Lime Slaker No 5 - 378,088.80 378,088.80 - 378,088.80402105 Main Replacement Sheley - 89,229.50 89,229.50 - - 89,229.50 402106 Main Replacement Sheley & Northern - 983,910.00 983,910.00 45,064.34 505,993.00 432,852.66 402107 Facility Improvements/Const/Maint - 1,714,358.50 1,714,358.50 53,607.97 10,750.53 1,650,000.00 402108 Basin Drive Improvements - 340,523.00 340,523.00 117,113.00 286,363.00 (62,953.00) 402203 Lime Slaker No 1 - 376,911.20 376,911.20 - 376,911.20402207 CB Electrical Switchgear Improvemen - 200,000.00 200,000.00 - - 200,000.00 402301 IT Infrastructure Upgrade - 9,034.80 9,034.80 - - 9,034.80 402302 HSPS HVAC Improvements - 250,000.00 250,000.00 - 106,520.00 143,480.00 402303 Lime Silo Recoating - 400,000.00 400,000.00 - - 400,000.00 402401 Fiber Optic Upgrades 500,000.00 - 500,000.00 496,780.00 - 3,220.00 402402 Lime Slaker No. 6 350,000.00 - 350,000.00 91,242.86 242,065.14 16,692.00 402403 Sludge House Piping Improvements 200,000.00 - 200,000.00 - - 200,000.00 9749 MAIN REPLACEMENT PROGRAM 5,000,000.00 3,176,870.47 8,176,870.47 249,190.24 1,009,205.88 6,918,474.35 9952 SECURITY UPGRADES - 454,706.39 454,706.39 6,104.34 65,096.39 383,505.66 $ 8,050,000.00 19,145,899.33 27,195,899.33 4,017,802.41 5,484,483.75 17,693,613.17 Budget Budget (Enc Roll) Total Budget 19,022,844.53 $ 8,173,054.80 27,195,899.33 Less Expenditures 656,744.48 4,827,739.27 5,484,483.75 Less Encumbrances 1,041,351.88 2,976,450.53 4,017,802.41 Total Available 17,324,748.17 $ 368,865.00 17,693,613.17
22

Income (Loss) Before Transfers

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule Sanitary Sewer For the period ended April 30, 2024

Actual Variance Percent Percent Budgeted Amounts Amounts with Amended Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Operating revenues: Charges for Services $ 35,546,430 35,546,430 30,231,428 (5,315,002) 85.05% 1.72% Penalties 200,000 200,000 308,625 108,625 154.31% 70.98% Total operating revenues 35,746,430 35,746,430 30,540,053 (5,206,377) 85.44% 2.11% Operating expenses: Personnel Services 6,988,726 6,988,726 5,036,048 1,952,678 72.06% -11.27% Retiree Benefits 348,000 348,000 353,352 (5,352) 101.54% 18.21% Other Services 15,920,944 15,935,244 11,781,153 4,154,091 73.93% -9.40% Supplies 1,478,000 1,485,540 949,652 535,888 63.93% -19.40% Capital Projects 6,330,000 17,274,356 3,134,251 14,140,105 18.14% -65.19% Capital Operating 409,600 452,059 283,854 168,205 62.79% -20.54% Debt Service 6,242,978 6,242,978 5,590,086 652,892 89.54% 6.21% Other Expenses —     —     —     —     0.00% -83.33% Total Operating Expenses 37,718,248 48,726,903 27,128,396 21,598,507 55.67% -27.66% Nonoperating Revenues (Expenses): Investment Income 326,000 326,000 1,160,844 834,844 356.09% 272.76% Miscellaneous Revenue (Expense) 7,900 7,900 51,031 43,131 645.96% 562.63% Total Nonoperating Revenue (Expenses) 333,900 333,900 1,211,875 877,975 362.95% 279.62% (1,637,918) (12,646,573) 4,623,532 17,270,105 -36.56% -119.89% Transfers Out – Utility Payments In Lieu of Taxes (3,596,612) (3,596,612) (3,050,119) (546,493) 84.81% 1.48% Transfers In 10,000 10,000 10,000 —     100.00% 16.67% Transfers Out —     (2,130,000) (2,336) (2,127,664) 0.11% -83.22% Total Transfers (3,586,612) (5,716,612) (3,042,455) (2,674,157) 53.22% -30.11%
of Revenue and Other Financing Sources Over (Under) Expenditures and Other Financing Uses, Budget Basis $ (5,224,530) (18,363,185) 1,581,077 19,944,262 Beginning Available Resources 33,820,216 Year-End Investment Market Value Adjustment —     Ending Available Resources 35,401,293 Revenue Risk 1,200,000 Capital Reserve 4,000,000 Expense Risk 700,000 Working Capital 6,800,000 Targeted Reserve Level 12,700,000 Total Non-Restricted Resources Available $ 22,701,293
Excess
23

Sanitary Sewer - Open Capital Projects

As of April 30, 2024

PROJECT PROJECT TITLE ORIGINAL BUDGET NET BUDGET AMENDMENTS REVISED BUDGET ENCUMBRANCES ACTUALS AVAILABLE BUDGET 301201 BURR OAK EAST $ - 1,035,327.15 1,035,327.15 - - 1,035,327.15 301202 CRACKERNECK-VAN HOOK SEWER - 529,163.59 529,163.59 - - 529,163.59 301603 RCTP FACILITIES ROOF, CEILING - - - - -301701 SCADA UPGRADE - 84,886.62 84,886.62 - 7,378.84 77,507.78 301706 TREATMENT FACILITY IMPROVEMENT - 480,293.20 480,293.20 4,682.20 253,760.07 221,850.93 301804 ROCK CREEK EFFLUENT STRUCTURE - 321,449.93 321,449.93 - - 321,449.93 302002 Arlington Improvements - 100,000.00 100,000.00 - - 100,000.00 302004 Neighborhood Projects 2019-20 150,000.00 1,890,934.34 2,040,934.34 645,096.12 184,963.09 1,210,875.13 302005 Biosolids Handling - 991,019.78 991,019.78 - - 991,019.78 302006 Raw Pumps & Screening - 579,279.41 579,279.41 - - 579,279.41 302007 Electrical Substation Rehab - 158,690.00 158,690.00 29,351.00 - 129,339.00 302008 RCTP Fence - 36,015.56 36,015.56 - - 36,015.56 302101 Sanitation Sewer Evaluation Survey - 106,982.83 106,982.83 - - 106,982.83 302102 Raymond Harkless Mills San Imp - 200,000.00 200,000.00 295,269.34 - (95,269.34) 302103 Pump Station Imp & Maintenance 150,000.00 568,240.98 718,240.98 - - 718,240.98 302104 Polymer System Relocation - 100,000.00 100,000.00 - - 100,000.00 302105 Piping Rehabilitation - 585,933.69 585,933.69 14,332.50 - 571,601.19 302201 Upper Adair Interceptor - 800,000.00 800,000.00 98,208.26 338,043.52 363,748.22 302202 Crackerneck Creek Slope Rehab - 2,270,141.29 2,270,141.29 201,141.62 144,225.10 1,924,774.57 302203 Sanitary Sewer Main Reloc from Stre 300,000.00 400,000.00 700,000.00 - - 700,000.00 302204 RCTP - Septic Pumper - 300,000.00 300,000.00 - - 300,000.00 302205 Clarifier Rehabilitation 1,800,000.00 1,235,952.56 3,035,952.56 511,581.70 27,637.24 2,496,733.62 302206 Railing Safety RCPS & SCPS - 14,083.09 14,083.09 - - 14,083.09 302301 Sludge Thickening Process Improve 200,000.00 400,000.00 600,000.00 - - 600,000.00 302401 Cost of Service Study 100,000.00 - 100,000.00 - - 100,000.00 302402 Grit Removal Improvements-RCPS 750,000.00 - 750,000.00 - - 750,000.00 302403 Pressure Cleaning Truck 250,000.00 - 250,000.00 188,770.75 - 61,229.25 9757 TRENCHLESS TECHNOLOGY 500,000.00 620,433.66 1,120,433.66 676,892.95 247,387.81 196,152.90 $ 4,200,000.00 13,808,827.68 18,008,827.68 2,665,326.44 1,203,395.67 14,140,105.57 Current Year Prior Year Budget Budget (Enc Roll) Total Budget 17,274,356.23 $ 734,471.45 18,008,827.68 Less Expenditures 730,063.92 473,331.75 1,203,395.67 Less Encumbrances 2,404,186.74 261,139.70 2,665,326.44 Total Available 14,140,105.57 $ - 14,140,105.57
24

Income (Loss) Before Transfers

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule Events Center Debt Service For the period ended April 30, 2024

Actual Variance Percent Percent Budgeted Amounts Amounts with Amended Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Operating revenues: Charges for Services $ —     —     —     —     0.00% -83.33% Miscellaneous —     —     —     —     0.00% -83.33% Total operating revenues —     —     —     —     0.00% -83.33% Operating Expenses: Personnel Services —     —     —     —     0.00% -83.33% Other Services —     —     78,140 (78,140) 0.00% -83.33% Supplies —     —     —     —     0.00% -83.33% Capital Outlay 3,062,526 9,263,688 3,459,366 5,804,322 37.34% -45.99% Debt Service 5,789,100 5,789,100 5,383,918 405,182 93.00% 9.67% Other Expenses —     —     —     —     0.00% -83.33% Total Operating Expenses 8,851,626 15,052,788 8,921,424 6,131,364 59.27% -24.06% Nonoperating Revenues (Expenses): Investment Income 50,000 50,000 344,586 294,586 689.17% 605.84% Miscellaneous Revenue (Expense) —     —     3,111 3,111 0.00% -83.33% Sales Tax 2,400,000 2,400,000 5,606,382 3,206,382 233.60% 150.27% Total Nonoperating Revenue (Expenses) 2,450,000 2,450,000 5,954,079 3,504,079 243.02% 159.69% (6,401,626) (12,602,788) (2,967,345) 9,635,443 23.55% -59.78% Transfers Out – Utility Payments In Lieu of Taxes —     —     —     —     0.00% -83.33% Transfers In —     —     3,065,184 (3,065,184) 0.00% -83.33% Transfers Out —     —     —     —     0.00% -83.33% Total Transfers —     —     3,065,184 (3,065,184) 0.00% -83.33% Excess of Revenue
Other
Sources Over (Under) Expenditures
Other Financing Uses, Budget Basis $ (6,401,626) (12,602,788) 97,839 12,700,627
—
Market Value
—
Available Resources $
and
Financing
and
Beginning Available Resources (1,728,480) Less Prior Year Expenses
Year-End Investment
Adjustment
Ending
(1,630,641)
25

Income (Loss) Before Transfers

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule Central Garage

For the period ended April 30, 2024

Ending Unassigned Fund Balance Non-GAAP Basis, 04/30/24

Other Net Position Components: Assigned - Current Year Encumbrances

Assigned - Prior Year Encumbrances

Fund Balance

Actual Variance Percent Percent Budgeted Amounts Amounts with Amended Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Operating revenues: Charges for Services $ 2,804,471 2,804,471 2,431,296 (373,175) 86.69% 3.36% Miscellaneous 128,700 128,700 239,484 110,784 186.08% 102.75% Total Operating Revenues 2,933,171 2,933,171 2,670,780 (262,391) 91.05% 7.72% Operating Expenses: Personnel Services 857,546 857,546 589,783 267,763 68.78% -14.55% Retiree Benefits 52,000 52,000 30,626 21,374 58.90% -24.43% Other Services 816,223 831,123 874,759 (43,636) 105.25% 21.92% Supplies 1,240,300 1,242,300 1,236,673 5,627 99.55% 16.22% Capital Outlay 2,000 —     —     —     0.00% -83.33% Other Expenses —     —     —     —     0.00% -83.33% Total Operating Expenses 2,968,069 2,982,969 2,731,841 251,128 91.58% 8.25% Nonoperating Revenues (Expenses): Investment Income 7,500 7,500 29,728 22,228 396.37% 313.04% Miscellaneous Revenue (Expense) 281,000 281,000 27,764 (253,236) 9.88% -73.45% Total Nonoperating Revenue (Expenses) 288,500 288,500 57,492 (231,008) 19.93% -63.40% 253,602 238,702 (3,569) (242,271) -1.50% -84.83% Transfers Out – Utility Payments In Lieu of Taxes —     —     —     —     0.00% -83.33% Transfers In —     —     —     —     0.00% -83.33% Transfers Out —     —     —     —     0.00% -83.33% Total Transfers —     —     —     —     0.00% -83.33% Change In Net Position (Budget Basis) $ 253,602 238,702 (3,569) (242,271)
(1,008,280)
45,194
Balance Components
Year (8,813) GAAP Components - OPEB
1,806,028 Year-end
value adjustment —
830,560
346,730
—     Total
$ 1,177,290
Unassigned Fund Balance at Beginning of Year
Cancellation of Prior Year Encumbrances
Change in Other Fund
During the
and LAGERS
investment market
26

Income (Loss) Before Transfers

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule Staywell Health Care For the period ended April 30, 2024

Unassigned Fund Balance at Beginning of Year

Cancellation of Prior Year Encumbrances

Change in Other Fund Balance Components During the Year

Ending Unassigned Fund Balance Non-GAAP Basis, 04/30/24

Other Net Position Components: Assigned - Current Year Encumbrances

Assigned - Prior Year Encumbrances

Total Fund Balance $ 5,035,287

Actual Variance Percent Percent Budgeted Amounts Amounts with Amended Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Operating revenues: Charges for Services $ 20,534,900 20,534,900 17,433,427 (3,101,473) 84.90% 1.57% Miscellaneous —     —     —     —     0.00% -83.33% Total Operating Revenues 20,534,900 20,534,900 17,433,427 (3,101,473) 84.90% 1.57% Operating Expenses: Personnel Services 740,500 740,500 571,250 169,250 77.14% -6.19% Other Services 24,460,900 24,460,900 17,267,640 7,193,260 70.59% -12.74% Supplies —     —     —     —     0.00% -83.33% Capital Outlay —     —     —     —     0.00% -83.33% Other Expenses —     —     —     —     0.00% -83.33% Total Operating Expenses 25,201,400 25,201,400 17,838,890 7,362,510 70.79% -12.54% Nonoperating Revenues (Expenses): Investment Income 120,000 120,000 230,122 110,122 191.77% 108.44% Miscellaneous Revenue (Expense) 1,236,600 1,236,600 1,444,703 208,103 116.83% 33.50% Total Nonoperating Revenue (Expenses) 1,356,600 1,356,600 1,674,825 318,225 123.46% 40.13% (3,309,900) (3,309,900) 1,269,362 4,579,262 -38.35% -121.68% Transfers In - American Rescue Plan —     —     —     —     0.00% -83.33% Transfers Out —     —     —     —     0.00% -83.33% Total Transfers —     —     —     —     0.00% -83.33%
(3,309,900) (3,309,900) 1,269,362 4,579,262
Change In Net Position (Budget Basis) $
3,747,925
—
—
5,017,287
—
18,000
27

Income (Loss) Before Transfers

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule Workers' Compensation For the period ended April 30, 2024

Unassigned Fund Balance at Beginning of Year

of Prior Year Encumbrances

Change in Other Fund Balance Components During the Year

Year-end investment market value adjustment

Ending Unassigned Fund Balance Non-GAAP Basis, 04/30/24 (6,403,560)

Other Net Position Components: Restricted - Work Comp Escrow Assigned - Current Year Encumbrances

Assigned - Prior Year Encumbrances

Total Fund Balance

Actual Variance Percent Percent Budgeted Amounts Amounts with Amended Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Operating revenues: Charges for Services $ 4,450,900 4,450,900 3,222,000 (1,228,900) 72.39% -10.94% Miscellaneous —     —     —     —     0.00% -83.33% Total Operating Revenues 4,450,900 4,450,900 3,222,000 (1,228,900) 72.39% -10.94% Operating Expenses: Personnel Services —     —     5,015 (5,015) 0.00% -83.33% Other Services 4,748,001 4,748,001 4,027,212 720,789 84.82% 1.49% Supplies —     —     —     —     0.00% -83.33% Capital Outlay —     —     —     —     0.00% -83.33% Other Expenses —     —     —     —     0.00% -83.33% Total Operating Expenses 4,748,001 4,748,001 4,032,227 715,774 84.92% 1.59% Nonoperating Revenues (Expenses): Investment Income 10,000 10,000 162,849 152,849 1628.49% 1545.16% Miscellaneous Revenue (Expense) —     —     138 138 0.00% -83.33% Total Nonoperating Revenue (Expenses) 10,000 10,000 162,987 152,987 1629.87% 1546.54% (287,101) (287,101) (647,240) (360,139) 225.44% 142.11% Transfers In —     —     —     —     0.00% -83.33% Transfers Out —     —     —     —     0.00% -83.33% Total Transfers —     —     —     —     0.00% -83.33% Change
Net Position
Basis) $ (287,101) (287,101) (647,240) (360,139)
(5,756,320)
—
—
—
In
(Budget
Cancellation
25,411
—
$ (6,378,149)
28

(Loss) Before Transfers

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule Risk Management For the period ended April 30, 2024

Actual Variance Percent Percent Budgeted Amounts Amounts with Amended Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Operating revenues: Charges for Services $ 3,196,000 3,196,000 2,453,583 (742,417) 76.77% -6.56% Miscellaneous —     —     —     —     0.00% -83.33% Total Operating Revenues 3,196,000 3,196,000 2,453,583 (742,417) 76.77% -6.56% Operating Expenses: Personnel Services —     —     5,015 (5,015) 0.00% -83.33% Other Services 3,355,559 3,355,559 3,864,399 (508,840) 115.16% 31.83% Supplies —     —     —     —     0.00% -83.33% Capital Outlay —     —     —     —     0.00% -83.33% Other Expenses —     —     —     —     0.00% -83.33% Total Operating Expenses 3,355,559 3,355,559 3,869,414 (513,855) 115.31% 31.98% Nonoperating Revenues (Expenses): Investment Income 23,000 23,000 44,200 21,200 192.17% 108.84% Miscellaneous Revenue (Expense) —     —     263 263 0.00% -83.33% Total Nonoperating Revenue (Expenses) 23,000 23,000 44,463 21,463 193.32% 109.99% (136,559) (136,559) (1,371,368) (1,234,809) 1004.23% 920.90% Transfers Out – Utility Payments In Lieu of Taxes —     —     —     —     0.00% -83.33% Transfers In —     —     —     —     0.00% -83.33% Transfers Out —     —     —     —     0.00% -83.33% Total Transfers —     —     —     —     0.00% -83.33% Change In Net Position (Budget Basis) $ (136,559) (136,559) (1,371,368) (1,234,809) Unassigned Fund Balance at Beginning of Year 2,049,143 Cancellation of Prior Year Encumbrances —     Change in Other Fund Balance Components During the Year —     Year-end investment market value adjustment —     Ending Unassigned Fund Balance Non-GAAP Basis, 04/30/24 677,775 Other
Components: Assigned
Current Year Encumbrances 944,066 Assigned
Prior Year
—     Total
$ 1,621,841
Net Position
-
-
Encumbrances
Fund Balance
Income
29

Income (Loss) Before Transfers

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule Finance & Support Services For the period ended April 30, 2024

Actual Variance Percent Percent Budgeted Amounts Amounts with Amended Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Operating revenues: Charges for Services $ 11,709,004 11,709,004 9,704,569 (2,004,435) 82.88% -0.45% Miscellaneous —     —     —     —     0.00% -83.33% Total Operating Revenues 11,709,004 11,709,004 9,704,569 (2,004,435) 82.88% -0.45% Operating Expenses: Personnel Services 5,939,496 6,037,071 4,930,049 1,107,022 81.66% -1.67% Retiree Benefits 170,000 170,000 173,784 (3,784) 102.23% 18.90% Other Services 4,645,103 4,735,104 4,518,946 216,158 95.43% 12.10% Supplies 44,350 44,350 16,129 28,221 36.37% -46.96% Capital Outlay 1,257,834 1,167,834 296,416 871,418 25.38% -57.95% Other Expenses —     —     —     —     0.00% -83.33% Total Operating Expenses 12,056,783 12,154,359 9,935,324 2,219,035 81.74% -1.59% Nonoperating Revenues (Expenses): Investment Income —     —     —     —     0.00% -83.33% Miscellaneous Revenue (Expense) —     —     10,652 10,652 0.00% -83.33% Total Nonoperating Revenue (Expenses) —     —     10,652 10,652 0.00% -83.33% (347,779) (445,355) (220,103) 225,252 49.42% -33.91% Transfers Out – Utility Payments In Lieu of Taxes —     —     —     —     0.00% -83.33% Transfers In – CARES Act —     —     —     —     0.00% -83.33% Transfers Out —     —     —     —     0.00% -83.33% Total Transfers —     —     —     —     0.00% -83.33% Change In Net Position (Budget Basis) $ (347,779) (445,355) (220,103) 225,252 Unassigned Fund Balance at Beginning of Year (2,040,870) Cancellation of Prior Year Encumbrances 1,520 Change in Other Fund Balance Components During the Year (2,393) GAAP Components - OPEB and LAGERS 2,838,368 Ending Unassigned Fund Balance Non-GAAP Basis, 04/30/24 576,522 Other Net Position Components: Assigned - Current Year Encumbrances 472,954 Assigned - Prior Year Encumbrances 98,519 Total Fund Balance $ 1,147,995
30

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule

Debt Service - Neighborhood Improvement Districts For the period ended April 30, 2024

of Revenues Over (Under) Expenditures and Other Financing Uses, Budget Basis

Unassigned Fund Balance at Beginning of Year

Cancellation of Prior Year Encumbrances

Change in Other Fund Balance Components During the Year

Year-End Investment Market Value Adjustment

Ending Unassigned Fund Balance, 04/30/24

Other Fund Balance Components:

Restricted - Current Year Encumbrances

Restricted - Prior Year Encumbrances

Total Fund Balance

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Charges for Services $ 9,289 9,289 10,158 869 109.36% 26.03% Investment Income (Loss) 2,000 2,000 4,295 2,295 214.75% 131.42% Other Revenue —     —     —     —     0.00% -83.33% Total Revenues 11,289 11,289 14,453 3,164 128.03% 44.70% Expenditures: General Government —     —     138 (138) 0.00% -83.33% Debt Service 14,705 14,705 12,997 1,708 88.38% 5.05% Total Expenditures 14,705 14,705 13,135 1,570 89.32% 5.99% Other
Uses: Transfers Out/Capital Outlay —     —     —     —     0.00% -83.33% Total Other Financing Uses —     —     —     —     0.00% -83.33% Total expenditures and other financing uses 14,705 14,705 13,135 1,570 89.32% 5.99% Excess
$ (3,416) (3,416) 1,318 4,734
Financing
109,779
—
—
—
111,097
—
—
$ 111,097
31

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule

Street Improvements Capital Project Fund For the period ended April 30, 2024

Unassigned Fund Balance at Beginning of Year (867,534)

Cancellation of Prior Year Encumbrances

Change to Prior Year Expenditure

Year-End Investment Market Value Adjustment

Ending Unassigned Fund Balance, 04/30/24 (860,440)

Other Fund Balance Components:

Committed - Current Year Encumbrances

Committed - Prior Year Encumbrances

Total Fund Balance $

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Charges for Services $ 6,651 6,651 0.00% -83.33% Investment Income 2,166 2,166 0.00% -83.33% Intergovernmental 11,484 11,484 0.00% -83.33% Other Revenue 0.00% -83.33% Total Revenues — — 20,301 20,301 0.00% -83.33% Other Financing Sources: Transfers In 39,052 39,052 0.00% -83.33% Proceeds From Bond Issuance Total Other Financing Sources 39,052 39,052 0.00% -83.33% Total Revenues and Other Financing Sources 59,353 59,353 0.00% -83.33% Expenditures: Public Works 12 (12) 0.00% -83.33% Culture and Recreation 0.00% -83.33% Capital Outlay 80,302 52,247 28,055 65.06% -18.27% Total Expenditures 80,302 52,259 28,043 65.08% -18.25% Other Financing Uses: Transfers Out/Capital Outlay 0.00% -83.33% Total Other Financing Uses 0.00% -83.33% Total Expenditures and Other Financing Uses 80,302 52,259 28,043 65.08% -18.25%
and Other Financing Uses, Budget Basis $ (80,302) 7,094 87,396
Excess of Revenues Over (Under) Expenditures
17,441
898,577
55,578
32

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule

Revolving Public Improvements Capital Project Fund For the period ended April 30, 2024

Expenditures and Other Financing Uses

Excess of Revenues Over (Under) Expenditures and Other Financing Uses, Budget Basis $

Unassigned Fund Balance at Beginning of Year

Cancellation of Prior Year Encumbrances

Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment Ending Unassigned Fund Balance, 04/30/24

Other Fund Balance Components:

Committed - Current Year Encumbrances

Committed - Prior Year Encumbrances

Total Fund Balance $

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Charges for Services $ 0.00% -83.33% Investment Income (Loss) 405 405 0.00% -83.33% Other Revenue 0.00% -83.33% Total Revenues 405 405 0.00% -83.33% Expenditures: Public Works 4 (4) 0.00% -83.33% Culture and Recreation 0.00% -83.33% Capital Outlay 0.00% -83.33% Total Expenditures 4 (4) 0.00% -83.33% Other Financing Uses: Transfers Out/Capital Outlay 22,018 (22,018) 0.00% -83.33% Total Other Financing Uses 22,018 (22,018) 0.00% -83.33% Total
22,022 (22,022) 0.00% -83.33%
(21,617)
(21,617)
21,617
33

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule

Buildings and Other Improvements Capital Project Fund For the period ended April 30, 2024

Excess of Revenues Over (Under) Expenditures and Other Financing Uses, Budget Basis $ (174,849)

Unassigned Fund Balance at Beginning of Year (35,725)

Cancellation of Prior Year Encumbrances

Change in Other Fund Balance Components During the Year (10,760,900)

Year-End Investment Market Value Adjustment Ending Unassigned Fund Balance, 04/30/24 (382,216)

Other Fund Balance Components:

Committed - Current Year Encumbrances

Committed - Prior Year Encumbrances

Restricted - Debt Reserve Project Accounts - Capital Projects 10,760,900

Total Fund Balance $ 10,709,494

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Charges for Services $ 0.00% -83.33% Intergovernmental (9,512) (9,512) 0.00% -83.33% Investment Income 0.00% -83.33% Other Revenue 0.00% -83.33% Total revenues (9,512) (9,512) 0.00% -83.33% Other Financing Sources: Debt Proceeds 20,000,000 20,000,000 100.00% 16.67% Transfers In 2,650,000 20,213 (2,629,787) 0.76% -82.57% Proceeds from bond issuance Total Other Financing Sources 22,650,000 20,020,213 (2,629,787) 88.39% 5.06% Total Revenues
22,650,000 20,010,701 (2,639,299) 88.35% 5.02% Expenditures: Public Works 0.00% -83.33% Culture and Recreation 0.00% -83.33% Capital Outlay 22,824,849 9,596,292 13,228,557 42.04% -41.29% Total Expenditures 22,824,849 9,596,292 13,228,557 42.04% -41.29% Other Financing Uses: Transfers Out/Capital Outlay 0.00% -83.33% Total Other Financing Uses 0.00% -83.33% Total expenditures and other financing uses 22,824,849 9,596,292 13,228,557 42.04% -41.29%
and Other Financing Sources
10,414,409 10,589,258
305,786
25,024
34

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule

Storm Drainage Capital Project Fund

For the period ended April 30, 2024

Excess of Revenues Over (Under) Expenditures and Other Financing Uses, Budget Basis $

Unassigned Fund Balance at Beginning of Year (16,155)

Cancellation of Prior Year Encumbrances

Change in Other Fund Balance Components During the Year Ending Unassigned Fund Balance, 04/30/24

Fund Balance Components:

Committed - Current Year Encumbrances

Committed - Prior Year Encumbrances

Total Fund Balance $

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Charges for Services $ 0.00% -83.33% Investment Income 0.00% -83.33% Other Revenue 0.00% -83.33% Total revenues 0.00% -83.33% Other financing sources: Transfers in 16,155 16,155 0.00% -83.33% Proceeds from bond issuance #DIV/0! Total other financing sources 16,155 16,155 0.00% -83.33% Total revenues and other financing sources 16,155 16,155 0.00% -83.33%
Public Works 0.00% -83.33% Culture and Recreation 0.00% -83.33% Capital Outlay 0.00% -83.33% Total Expenditures 0.00% -83.33%
Financing Uses: Transfers Out/Capital Outlay 0.00% -83.33% Total Other Financing Uses 0.00% -83.33% Total expenditures and other financing uses 0.00% -83.33%
Expenditures:
Other
16,155 16,155
35

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule Park Improvements Capital Project Fund For the period ended April 30, 2024

Excess of Revenues Over (Under) Expenditures and Other Financing Uses,

Unassigned Fund Balance at Beginning of Year

Cancellation of Prior Year Encumbrances

Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment Ending Unassigned Fund Balance, 04/30/24

Fund Balance Components:

Committed - Current Year Encumbrances

Committed - Prior Year Encumbrances

Total Fund Balance $

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Charges for Services $ 0.00% -83.33% Investment Income (Loss) 606 606 0.00% -83.33% Other Revenue 0.00% -83.33% Total revenues 606 606 0.00% -83.33% Expenditures: Public Works 6 (6) 0.00% -83.33% Culture and Recreation 0.00% -83.33% Capital Outlay 0.00% -83.33% Total Expenditures 6 (6) 0.00% -83.33% Other Financing Uses: Transfers Out/Capital Outlay 32,085 (32,085) 0.00% -83.33% Total Other Financing Uses 32,085 (32,085) 0.00% -83.33% Total expenditures
other financing uses 32,091 (32,091) 0.00% -83.33%
and
(31,485) (31,485)
Budget Basis $
31,485
36

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule Independence Events Center CID For the period ended April 30, 2024

Excess of Revenue and Other Financing Sources Over (Under) Expenditures and Other Financing

Unassigned Fund Balance at Beginning of Year

Cancellation of Prior Year Encumbrances

Change in Other Fund Balance Components During the Year

Unassigned Ending Fund Balance, 04/30/24

Other Fund Balance Components: Restricted - current

-

Total Fund Balance $ 9,177,969

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget
Sales Taxes $ 8,295,957 8,295,957 6,654,518 (1,641,439) 80.21% -3.12% Investment Income 400,000 400,000 482,689 82,689 120.67% 37.34% Total Revenues 8,695,957 8,695,957 7,137,207 (1,558,750) 82.08% -1.25% Expenditures: Administrative Fee 165,919 165,919 133,090 32,829 80.21% -3.12% Insurance 122,288 122,288 8,471 113,817 6.93% -76.40% Legal 20,000 20,000 3,550 16,450 17.75% -65.58% Audit 5,650 5,650 5,650 —     100.00% 16.67% Banking 9,000 9,000 8,671 329 96.34% 13.01% Contract Services 220,965 220,965 200,000 20,965 90.51% 7.18% Capital Outlay —     —     —     —     0.00% -83.33% Other —     —     50,000 (50,000) 0.00% -83.33% Total Expenditures 543,822 543,822 409,432 134,390 75.29% -8.04% Other Financing Uses: Transfers Out - EATS 1,175,000 1,175,000 49,826 1,125,174 4.24% -79.09% Transfers Out - Debt Service (City) 4,604,093 4,604,093 5,556,557 (952,464) 120.69% 37.36% Transfers Out - Captial Projects 3,212,526 3,212,526 2,938,892 273,634 91.48% 8.15% Transfers Out - Other Items —     —     126,292 (126,292) 0.00% -83.33% Total Other Financing Uses 8,991,619 8,991,619 8,671,567 320,052 96.44% 13.11%
Revenues:
$ (839,484) (839,484) (1,943,792) (1,104,308)
Uses, Budget Basis
11,114,576
—
—
9,170,784
1,390
5,795
year encumbrances
Restricted
prior year encumbrances
37

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule

Crackerneck Creek TDD For the period ended April 30, 2024

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Sales taxes $ 622,409 622,409 438,319 (184,090) 70.42% -12.91% Investment income 5,000 5,000 5,725 725 114.50% 31.17% Total revenues 627,409 627,409 444,044 (183,365) 70.77% -12.56% Expenditures: Administrative Fee 12,448 12,448 8,766 3,682 70.42% -12.91% Insurance 2,500 2,500 2,576 (76) 103.04% 19.71% Legal 1,250 1,250 1,250 —     100.00% 16.67% Audit 5,650 5,650 5,650 —     100.00% 16.67% Banking 650 650 347 303 53.38% -29.95% Contract Services —     —     —     —     0.00% -83.33% Capital Outlay —     —     —     —     0.00% -83.33% Other —     —     —     —     0.00% -83.33% Total expenditures 22,498 22,498 18,589 3,909 82.63% -0.70% Other financing uses: Transfers out - EATS 311,204 311,204 219,155 92,049 70.42% -12.91% Transfers out - Debt Service (City) 315,000 315,000 215,000 100,000 68.25% -15.08% Total other financing uses 626,204 626,204 434,155 192,049 69.33% -14.00% Excess of Revenue and Other Financing Sources Over (Under) Expenditures and Other Financing Uses, Budget Basis $ 1,231,115 1,231,115 (8,700) (1,239,815) Unassigned Fund Balance at Beginning of Year 38,755 Cancellation of Prior Year Encumbrances —     Change in Other Fund Balance Components During the Year (549) Unassigned Ending Fund Balance, 04/30/24 29,506 Other Fund Balance Components: Restricted - Current Year Encumbrances —     Restricted - Prior Year Encumbrances —     Restricted - City Transportation 8,409 Total Fund Balance $ 37,915
38

Excess of Revenues Over (Under) Expenditures and other financing uses

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule Tax Increment Financing Summary For the Period Ended April 30, 2024

Cancellation of Prior Year Encumbrances

Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment

Unassigned Ending Fund Balance, 04/30/24

Other Fund Balance Components:

Restricted - Current Year Encumbrances

Restricted - Prior Year Encumbrances

Restricted - Trust Debt Service

Total Fund Balance $

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Taxes $ 10,880,937 10,849,203 0.00% -83.33% Investment Income (Loss) 478,120 230,586 0.00% -83.33% Other revenue 720,088 836,130 0.00% -83.33% Total Revenues 12,079,145 11,915,919 0.00% -83.33% Other Financing Sources: Transfers In 277,250 277,250 0.00% -83.33% Proceeds from bond issuance Total Other Financing Sources 277,250 277,250 0.00% -83.33% Total Revenues and Other Financing Sources 12,356,395 12,193,169 0.00% -83.33% Expenditures: Tax Increment Financing 1,298,279 (1,296,407) 0.00% -83.33% Debt Service Principal 6,585,000 6,585,000 7,359,160 (774,160) 111.76% 28.43% Interest and Fiscal Agent Fees 4,161,150 4,161,150 5,152,480 (991,330) 123.82% 40.49% Debt Issuance Costs 0.00% -83.33% Total Expenditures 10,746,150 10,746,150 13,809,919 (3,061,897) 128.51% 45.18% Other Financing Uses: Issuance of Debt 0.00% -83.33% Reoffering Premium/Original Issue Discount 0.00% -83.33% Payment to Refund Loans Escrow Agent 0.00% -83.33% Transfers Out 51,635 (51,635) 0.00% -83.33% Total Other Financing Uses 51,635 (51,635) 0.00% -83.33% Total Expenditures and Other Financing Uses 10,746,150 10,746,150 13,861,554 (3,113,532) 128.99% 45.66%
$ (10,746,150) (10,746,150) (1,505,159) 9,240,991
Unassigned Fund Balance at Beginning of Year 14,371,073
12,865,914
10,360,270
23,226,184
39

Investment Market Value Adjustment Unassigned Ending Fund Balance, 04/30/24

Other Fund Balance Components:

Restricted - Current Year Encumbrances

Restricted - Prior Year Encumbrances

CITY

OF

INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule Santa Fe TIF For the Period Ended April 30, 2024

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Taxes $ 47,400 47,400 0.00% -83.33% Investment Income (Loss) 1,126 1,126 0.00% -83.33% Other Revenue 54,184 54,184 0.00% -83.33% Total Revenues 102,710 102,710 0.00% -83.33% Other Financing Sources: Transfers In 0.00% -83.33% Proceeds from bond issuance Total Other Financing Sources 0.00% -83.33% Total Revenues and Other Financing Sources 102,710 102,710 0.00% -83.33% Expenditures: Tax Increment Financing 2,501 (2,501) 0.00% -83.33% Debt Service Principal 215,000 215,000 215,000 100.00% 16.67% Interest and Fiscal Agent Fees 314,000 314,000 313,837 163 99.95% 16.62% Debt Issuance Costs 0.00% -83.33% Total Expenditures 529,000 529,000 531,338 (2,338) 100.44% 17.11% Other Financing Uses: Issuance of Debt 0.00% -83.33% Reoffering Premium/Original Issue Discount 0.00% -83.33% Payment to Refund Loans Escrow Agent 0.00% -83.33% Transfers Out 0.00% -83.33% Total Other Financing Uses 0.00% -83.33% Total Expenditures and Other Financing Uses 529,000 529,000 531,338 (2,338) 100.44% 17.11%
of Revenues Over (Under) Expenditures and Other Financing Uses $ (529,000) (529,000) (428,628) 100,372 Unassigned Fund Balance at Beginning of Year 11,698
Year
Year-End
Excess
Cancellation of Prior
Encumbrances Change in Other Fund Balance Components During the Year
(416,930)
500,909
$ 83,979
Restricted - Trust Debt Service
Total Fund Balance
40

Other Fund Balance Components: Restricted - Current Year Encumbrances

Restricted - Prior Year Encumbrances

Restricted - Trust Debt Service

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule Eastland TIF For the Period Ended April 30, 2024

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Taxes $ 0.00% -83.33% Investment Income (Loss) 0.00% -83.33% Other Revenue 3,484 3,484 0.00% -83.33% Total Revenues 3,484 3,484 0.00% -83.33% Other Financing Sources: Transfers In 10,615 10,615 0.00% -83.33% Proceeds from bond issuance Total Other Financing Sources 10,615 10,615 0.00% -83.33% Total Revenues and Other Financing Sources 14,099 14,099 0.00% -83.33% Expenditures: Tax Increment Financing 21,029 (21,029) 0.00% -83.33% Debt Service Principal 0.00% -83.33% Interest and Fiscal Agent Fees 0.00% -83.33% Debt Issuance Costs 0.00% -83.33% Total Expenditures 21,029 (21,029) 0.00% -83.33% Other Financing Uses: Issuance of Debt 0.00% -83.33% Reoffering Premium/Original Issue Discount 0.00% -83.33% Payment to Refund Loans Escrow Agent 0.00% -83.33% Transfers Out 1,809 (1,809) 0.00% -83.33% Total Other Financing Uses 1,809 (1,809) 0.00% -83.33% Total Expenditures and Other Financing Uses 22,838 (22,838) 0.00% -83.33% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (8,739) (8,739) Unassigned Fund Balance at Beginning of Year 31,195 Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment Unassigned Ending Fund Balance, 04/30/24 22,456
$ 22,456
Total Fund Balance
41

CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule

North Independence TIF

For the Period Ended April 30, 2024

Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ (621) (621)

Unassigned Fund Balance at Beginning of Year

Cancellation of Prior Year Encumbrances

Change in Other Fund Balance Components During the Year

Unassigned Ending Fund Balance, 04/30/24

Other Fund Balance Components:

Restricted - Current Year Encumbrances

Restricted - Prior Year Encumbrances

Restricted - Trust Debt Service

Total Fund Balance $

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Taxes $ 0.00% -83.33% Investment Income (Loss) 0.00% -83.33% Other Revenue 0.00% -83.33% Total Revenues 0.00% -83.33% Expenditures: Tax Increment Financing 0.00% -83.33% Debt Service Principal 0.00% -83.33% Interest and Fiscal Agent Fees 621 (621) 0.00% -83.33% Debt Issuance Costs 0.00% -83.33% Total Expenditures 621 (621) 0.00% -83.33% Other Financing Uses: Issuance of Debt 0.00% -83.33% Reoffering Premium/Original Issue Discount 0.00% -83.33% Payment to Refund Loans Escrow Agent 0.00% -83.33% Transfers Out 0.00% -83.33% 0.00% -83.33% Total Other Financing Uses 0.00% -83.33% -83.33% Total Expenditures and Other Financing Uses 621 (621) 0.00% -83.33%
621
42

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule

Crackerneck Creek TIF For the Period Ended April 30, 2024

Unassigned Fund Balance at Beginning of Year 4,493,608

Cancellation of Prior Year Encumbrances

Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment

Unassigned Ending Fund Balance, 04/30/24 53,905

Other Fund Balance Components:

Restricted - Current Year Encumbrances

Restricted - Prior Year Encumbrances

Restricted - Trust Debt Service

Total Fund Balance $ 6,480,780

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Taxes $ 1,579,466 1,579,466 0.00% -83.33% Investment Income (Loss) 79,907 79,907 0.00% -83.33% Other Revenue 778,462 778,462 0.00% -83.33% Total Revenues 2,437,835 2,437,835 0.00% -83.33% Other Financing Sources: Transfers In 215,000 215,000 0.00% -83.33% Proceeds from bond issuance Total Other Financing Sources 215,000 215,000 0.00% -83.33% Total Revenues and Other Financing Sources 2,652,835 2,652,835 0.00% -83.33% Expenditures: Tax Increment Financing 8,625 (8,625) 0.00% -83.33% Debt Service Principal 3,900,000 3,900,000 3,900,000 100.00% 16.67% Interest and Fiscal Agent Fees 3,183,950 3,183,950 3,183,913 37 100.00% 16.67% Debt Issuance Costs 0.00% -83.33% Total Expenditures 7,083,950 7,083,950 7,092,538 (8,588) 100.12% 16.79% Other Financing Uses: Issuance of Debt 0.00% -83.33% Reoffering Premium/Original Issue Discount 0.00% -83.33% Payment to Refund Loans Escrow Agent 0.00% -83.33% Transfers Out 0.00% -83.33% Total Other Financing Uses 0.00% -83.33% Total Expenditures and Other Financing Uses 7,083,950 7,083,950 7,092,538 (8,588) 100.12% 16.79%
Over
Expenditures and Other Financing Uses $ (7,083,950) (7,083,950) (4,439,703) 2,644,247
Excess of Revenues
(Under)
6,426,875
43

CITY

OF

INDEPENDENCE,

MISSOURI Budgetary Comparison Schedule

Old Landfill TIF For the Period Ended April 30, 2024

Restricted - Current Year Encumbrances

Restricted - Prior Year Encumbrances

Restricted - Trust Debt Service Total Fund Balance $

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Taxes $ 773,770 773,770 0.00% -83.33% Investment Income (Loss) 3,525 3,525 0.00% -83.33% Other Revenue 0.00% -83.33% Total Revenues 777,295 777,295 0.00% -83.33% Expenditures: Tax Increment Financing 25 (25) 0.00% -83.33% Debt Service Principal 45,642 (45,642) 0.00% -83.33% Interest and Fiscal Agent Fees 642,358 (642,358) 0.00% -83.33% Debt Issuance Costs 0.00% -83.33% Total Expenditures 688,025 (688,025) 0.00% -83.33% Other Financing Uses: Issuance of Debt 0.00% -83.33% Reoffering Premium/Original Issue Discount 0.00% -83.33% Payment to Refund Loans Escrow Agent 0.00% -83.33% Transfers Out 0.00% -83.33% Total Other Financing Uses 0.00% -83.33% Total Expenditures and Other Financing Uses 688,025 (688,025) 0.00% -83.33%
89,270 89,270
Balance at Beginning of Year 5,329 Cancellation
During the Year Unassigned
Fund Balance,
94,599
Excess of Revenues Over (Under) Expenditures and Other Financing Uses $
Unassigned Fund
of Prior Year Encumbrances Change in Other Fund Balance Components
Ending
04/30/24
Other Fund Balance Components:
94,599
44

CITY

OF

INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule Trinity TIF For the Period Ended April 30, 2024

Unassigned Ending Fund Balance, 04/30/24

Other Fund Balance Components:

Restricted - Current Year Encumbrances

Restricted - Prior Year Encumbrances

Restricted - Trust Debt Service

Total Fund Balance $

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Taxes $ 584,662 584,662 0.00% -83.33% Investment Income (Loss) 1,379 1,379 0.00% -83.33% Other Revenue 0.00% -83.33% Total Revenues 586,041 586,041 0.00% -83.33% Other Financing Sources: Transfers In 42,061 42,061 0.00% -83.33% Proceeds from bond issuance Total Other Financing Sources 42,061 42,061 0.00% -83.33% Total Revenues and Other Financing Sources 628,102 628,102 0.00% -83.33% Expenditures: Tax Increment Financing 11 (11) 0.00% -83.33% Debt Service Principal 421,147 (421,147) 0.00% -83.33% Interest and Fiscal Agent Fees 27,353 (27,353) 0.00% -83.33% Debt Issuance Costs 0.00% -83.33% Total Expenditures 448,511 (448,511) 0.00% -83.33% Other Financing Uses: Issuance of Debt 0.00% -83.33% Reoffering Premium/Original Issue Discount 0.00% -83.33% Payment to Refund Loans Escrow Agent 0.00% -83.33% Transfers Out 42,061 (42,061) 0.00% -83.33% Total Other Financing Uses 42,061 (42,061) 0.00% -83.33% Total Expenditures and Other Financing Uses 490,572 (490,572) 0.00% -83.33% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 137,530 137,530 Unassigned
Balance at Beginning of Year 57,721
Year
Fund
Cancellation of Prior
Encumbrances Change in Other Fund Balance Components During the Year
195,251
195,251
45

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule HCA TIF For the Period Ended April 30, 2024

Excess

Unassigned Fund Balance at Beginning of Year 1,142,872

Cancellation of Prior Year Encumbrances

Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment

Unassigned Ending Fund Balance, 04/30/24 1,182,547

Other Fund Balance Components:

Restricted - Current Year Encumbrances

Restricted - Prior Year Encumbrances

Restricted - Trust Debt Service 3,432,486

Total Fund Balance $ 4,615,033

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Taxes $ 4,231,075 4,231,075 0.00% -83.33% Investment Income (Loss) 50,699 50,699 0.00% -83.33% Other Revenue 0.00% -83.33% Total Revenues 4,281,774 4,281,774 0.00% -83.33% Other Financing Sources: Transfers In 7,765 7,765 0.00% -83.33% Proceeds from bond issuance Total Other Financing Sources 7,765 7,765 0.00% -83.33% Total Revenues and Other Financing Sources 4,289,539 4,289,539 0.00% -83.33% Expenditures: Tax Increment Financing 1,108,899 (1,108,899) 0.00% -83.33% Debt Service Principal 2,470,000 2,470,000 2,470,000 100.00% 16.67% Interest and Fiscal Agent Fees 663,200 663,200 663,200 100.00% 16.67% Debt Issuance Costs 0.00% -83.33% Total Expenditures 3,133,200 3,133,200 4,242,099 (1,108,899) 135.39% 52.06% Other Financing Uses: Issuance of Debt 0.00% -83.33% Reoffering Premium/Original Issue Discount 0.00% -83.33% Payment to Refund Loans Escrow Agent 0.00% -83.33% Transfers Out 7,765 (7,765) 0.00% -83.33% Total Other Financing Uses 7,765 (7,765) 0.00% -83.33% Total Expenditures and Other Financing Uses 3,133,200 3,133,200 4,249,864 (1,116,664) 135.64% 52.31%
of Revenues Over (Under) Expenditures and Other Financing Uses $ (3,133,200) (3,133,200) 39,675 3,172,875
46

Excess of Revenues Over (Under) Expenditures and Other Financing

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule

Cinema East TIF For the Period Ended April 30, 2024

Cancellation of Prior Year Encumbrances

Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment Unassigned Ending Fund Balance, 04/30/24

Other Fund Balance Components:

Restricted - Current Year Encumbrances

Restricted - Prior Year Encumbrances

Restricted - Trust Debt Service

Total Fund Balance

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Taxes $ 253,169 253,169 0.00% -83.33% Investment Income (Loss) 729 729 0.00% -83.33% Other Revenue 0.00% -83.33% Total Revenues 253,898 253,898 0.00% -83.33% Expenditures: Tax Increment Financing 6 (6) 0.00% -83.33% Debt Service Principal 105,963 (105,963) 0.00% -83.33% Interest and Fiscal Agent Fees 121,787 (121,787) 0.00% -83.33% Debt Issuance Costs 0.00% -83.33% Total Expenditures 227,756 (227,756) 0.00% -83.33% Other Financing Uses: Issuance of Debt 0.00% -83.33% Reoffering Premium/Original Issue Discount 0.00% -83.33% Payment to Refund Loans Escrow Agent 0.00% -83.33% Transfers Out 0.00% -83.33% Total Other Financing Uses 0.00% -83.33% Total Expenditures and Other Financing Uses 227,756 (227,756) 0.00% -83.33%
26,142 26,142
Uses $
Beginning of Year 46,374
Unassigned Fund Balance at
72,516
72,516
$
47

Excess of Revenues Over (Under) Expenditures and Other Financing Uses $

Unassigned Fund Balance at Beginning of Year

Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year

Unassigned Ending Fund Balance, 04/30/24

Other Fund Balance Components:

Restricted - Current Year Encumbrances

Restricted - Prior Year Encumbrances

Restricted - Trust Debt Service

Total Fund Balance

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule 23rd & Noland Project 1 TIF For the Period Ended April 30, 2024

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Taxes $ 0.00% -83.33% Investment Income (Loss) 0.00% -83.33% Other Revenue 0.00% -83.33% Total Revenues 0.00% -83.33% Expenditures: Tax Increment Financing 0.00% -83.33% Debt Service Principal 0.00% -83.33% Interest and Fiscal Agent Fees 0.00% -83.33% Debt Issuance Costs 0.00% -83.33% Total Expenditures 0.00% -83.33% Other Financing Uses: Issuance of Debt 0.00% -83.33% Reoffering Premium/Original Issue Discount 0.00% -83.33% Payment to Refund Loans Escrow Agent 0.00% -83.33% Transfers Out 0.00% -83.33% Total Other Financing Uses 0.00% -83.33% Total Expenditures and Other Financing Uses 0.00% -83.33%
100
100
100
$
48

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule

23rd & Noland Project 2 TIF For the Period Ended April 30, 2024

Excess of Revenues Over (Under) Expenditures and Other Financing Uses $

Unassigned Fund Balance at Beginning of Year (1,395)

Cancellation of Prior Year Encumbrances

Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment

Unassigned Ending Fund Balance, 04/30/24 13,806

Other Fund Balance Components:

Restricted - Current Year Encumbrances

Restricted - Prior Year Encumbrances

Restricted - Trust Debt Service

Total Fund Balance $ 13,806

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Taxes $ 17,544 17,544 0.00% -83.33% Investment Income (Loss) 158 158 0.00% -83.33% Other Revenue 0.00% -83.33% Total Revenues 17,702 17,702 0.00% -83.33% Expenditures: Tax Increment Financing 1 (1) 0.00% -83.33% Debt Service Principal 2,500 (2,500) 0.00% -83.33% Interest and Fiscal Agent Fees 0.00% -83.33% Debt Issuance Costs 0.00% -83.33% Total Expenditures 2,501 (2,501) 0.00% -83.33% Other Financing Uses: Issuance of Debt 0.00% -83.33% Reoffering Premium/Original Issue Discount 0.00% -83.33% Payment to Refund Loans Escrow Agent 0.00% -83.33% Transfers Out 0.00% -83.33% Total Other Financing Uses 0.00% -83.33% Total Expenditures and Other Financing Uses 2,501 (2,501) 0.00% -83.33%
15,201 15,201
49

Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment

Restricted - Current Year Encumbrances

Restricted - Prior Year Encumbrances

Restricted - Trust Debt Service

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule

23rd & Noland Project 3 TIF For the Period Ended April 30, 2024

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Taxes $ 43,050 43,050 0.00% -83.33% Investment Income (Loss) 684 684 0.00% -83.33% Other Revenue 0.00% -83.33% Total Revenues 43,734 43,734 0.00% -83.33% Expenditures: Tax Increment Financing 5 (5) 0.00% -83.33% Debt Service Principal 0.00% -83.33% Interest and Fiscal Agent Fees 0.00% -83.33% Debt Issuance Costs 0.00% -83.33% Total Expenditures 5 (5) 0.00% -83.33% Other Financing Uses: Issuance of Debt 0.00% -83.33% Reoffering Premium/Original Issue Discount 0.00% -83.33% Payment to Refund Loans Escrow Agent 0.00% -83.33% Transfers Out 0.00% -83.33% Total Other Financing Uses 0.00% -83.33% Total Expenditures and Other Financing Uses 5 (5) 0.00% -83.33% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 43,729 43,729
9,490
Unassigned Fund Balance at Beginning of Year
Unassigned Ending Fund Balance,
53,219
04/30/24
Other Fund Balance Components:
Total Fund Balance $ 53,219
50

CITY OF

INDEPENDENCE,

MISSOURI Budgetary Comparison Schedule

23rd & Noland Project 4 TIF For the Period Ended April 30, 2024

Excess of Revenues Over (Under) Expenditures and Other Financing Uses $

Unassigned Fund Balance at Beginning of Year

Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment

Unassigned Ending Fund Balance, 04/30/24 593,212

Other Fund Balance Components:

Restricted - Current Year Encumbrances

Restricted - Prior Year Encumbrances

Restricted - Trust Debt Service

Total Fund Balance $ 593,212

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Taxes $ 488,927 488,927 0.00% -83.33% Investment Income (Loss) 9,239 9,239 0.00% -83.33% Other Revenue 0.00% -83.33% Total Revenues 498,166 498,166 0.00% -83.33% Expenditures: Tax Increment Financing 70 (70) 0.00% -83.33% Debt Service Principal 0.00% -83.33% Interest and Fiscal Agent Fees 0.00% -83.33% Debt Issuance Costs 0.00% -83.33% Total Expenditures 70 (70) 0.00% -83.33% Other Financing Uses: Issuance of Debt 0.00% -83.33% Reoffering Premium/Original Issue Discount 0.00% -83.33% Payment to Refund Loans Escrow Agent 0.00% -83.33% Transfers Out 0.00% -83.33% Total Other Financing Uses 0.00% -83.33% Total Expenditures and Other Financing Uses 70 (70) 0.00% -83.33%
498,096 498,096
95,116
51

CITY OF

INDEPENDENCE,

MISSOURI Budgetary Comparison Schedule

Independence Square TIF For the Period Ended April 30, 2024

Excess of Revenues Over (Under) Expenditures and Other Financing Uses $

Unassigned Fund Balance at Beginning of Year 973,886

Cancellation of Prior Year Encumbrances

Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment

Unassigned Ending Fund Balance, 04/30/24 1,263,357

Other Fund Balance Components:

Restricted - Current Year Encumbrances

Restricted - Prior Year Encumbrances

Restricted - Trust Debt Service

Total Fund Balance $ 1,263,357

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Taxes $ 391,060 391,060 0.00% -83.33% Investment Income (Loss) 52,553 52,553 0.00% -83.33% Other Revenue 0.00% -83.33% Total Revenues 443,613 443,613 0.00% -83.33% Expenditures: Tax Increment Financing 154,142 (154,142) 0.00% -83.33% Debt Service Principal 0.00% -83.33% Interest and Fiscal Agent Fees 0.00% -83.33% Debt Issuance Costs 0.00% -83.33% Total Expenditures 154,142 (154,142) 0.00% -83.33% Other Financing Uses: Issuance of Debt 0.00% -83.33% Reoffering Premium/Original Issue Discount 0.00% -83.33% Payment to Refund Loans Escrow Agent 0.00% -83.33% Transfers Out 0.00% -83.33% Total Other Financing Uses 0.00% -83.33% Total Expenditures and Other Financing Uses 154,142 (154,142) 0.00% -83.33%
289,471 289,471
52

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule

I-70 & Little Blue Parkway Project 1 TIF For the Period Ended April 30, 2024

Excess of Revenues Over (Under) Expenditures and Other Financing Uses $

Unassigned Fund Balance at Beginning of Year

Cancellation of Prior Year Encumbrances

Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment

Unassigned Ending Fund Balance, 04/30/24 2,290,873

Other Fund Balance Components:

Restricted - Current Year Encumbrances

Restricted - Prior Year Encumbrances

Restricted - Trust Debt Service

Total Fund Balance $ 2,290,873

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Taxes $ 1,817,375 1,817,375 0.00% -83.33% Investment Income (Loss) 23,908 23,908 0.00% -83.33% Other Revenue 0.00% -83.33% Total Revenues 1,841,283 1,841,283 0.00% -83.33% Expenditures: Tax Increment Financing 175 (175) 0.00% -83.33% Debt Service Principal 103,269 (103,269) 0.00% -83.33% Interest and Fiscal Agent Fees 0.00% -83.33% Debt Issuance Costs 0.00% -83.33% Total Expenditures 103,444 (103,444) 0.00% -83.33% Other Financing Uses: Issuance of Debt 0.00% -83.33% Reoffering Premium/Original Issue Discount 0.00% -83.33% Payment to Refund Loans Escrow Agent 0.00% -83.33% Transfers Out 0.00% -83.33% Total Other Financing Uses 0.00% -83.33% Total Expenditures and Other Financing Uses 103,444 (103,444) 0.00% -83.33%
1,737,839 1,737,839
553,034
53

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule

I-70 & Little Blue Parkway Project 3 TIF For the Period Ended April 30, 2024

Excess of Revenues Over (Under) Expenditures and Other Financing Uses $

Unassigned Fund Balance at Beginning of Year

Cancellation of Prior Year Encumbrances

Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment

Unassigned Ending Fund Balance, 04/30/24

Other Fund Balance Components:

Restricted - Current Year Encumbrances

Restricted - Prior Year Encumbrances

Restricted - Trust Debt Service

Total Fund Balance $

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Taxes $ 318,799 318,799 0.00% -83.33% Investment Income (Loss) 5,329 5,329 0.00% -83.33% Other Revenue 0.00% -83.33% Total Revenues 324,128 324,128 0.00% -83.33% Expenditures: Tax Increment Financing 38 (38) 0.00% -83.33% Debt Service Principal 8,550 (8,550) 0.00% -83.33% Interest and Fiscal Agent Fees 0.00% -83.33% Debt Issuance Costs 0.00% -83.33% Total Expenditures 8,588 (8,588) 0.00% -83.33% Other Financing Uses: Issuance of Debt 0.00% -83.33% Reoffering Premium/Original Issue Discount 0.00% -83.33% Payment to Refund Loans Escrow Agent 0.00% -83.33% Transfers Out 0.00% -83.33% Total Other Financing Uses 0.00% -83.33% Total Expenditures and Other Financing Uses 8,588 (8,588) 0.00% -83.33%
315,540 315,540
15,938
331,478
331,478
54

Excess of Revenues Over (Under) Expenditures and Other Financing Uses $

Unassigned Fund Balance at Beginning of

Cancellation of Prior Year Encumbrances

Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment

Other Fund Balance Components:

Restricted - Current Year Encumbrances

Restricted - Prior Year Encumbrances

Restricted - Trust Debt Service

Total Fund Balance

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule Marketplace Project 1 TIF For the Period Ended April 30, 2024

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Taxes $ 130,609 130,609 0.00% -83.33% Investment Income (Loss) 484 484 0.00% -83.33% Other Revenue 0.00% -83.33% Total Revenues 131,093 131,093 0.00% -83.33% Expenditures: Tax Increment Financing 4 (4) 0.00% -83.33% Debt Service Principal 49,244 (49,244) 0.00% -83.33% Interest and Fiscal Agent Fees 109,256 (109,256) 0.00% -83.33% Debt Issuance Costs 0.00% -83.33% Total Expenditures 158,504 (158,504) 0.00% -83.33% Other Financing Uses: Issuance of Debt 0.00% -83.33% Reoffering Premium/Original Issue Discount 0.00% -83.33% Payment to Refund Loans Escrow Agent 0.00% -83.33% Transfers Out 0.00% -83.33% Total Other Financing Uses 0.00% -83.33% Total Expenditures and Other Financing Uses 158,504 (158,504) 0.00% -83.33%
(27,411)
(27,411)
57,563
Year
30,152
Unassigned Ending Fund Balance, 04/30/24
30,152
$
55

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule Marketplace Project 2 TIF For the Period Ended April 30, 2024

Restricted - Current Year Encumbrances

Restricted - Prior Year Encumbrances

Restricted - Trust Debt Service

Total Fund Balance $

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Taxes $ 172,297 172,297 0.00% -83.33% Investment Income (Loss) 866 866 0.00% -83.33% Other Revenue 0.00% -83.33% Total Revenues 173,163 173,163 0.00% -83.33% Expenditures: Tax Increment Financing 876 (876) 0.00% -83.33% Debt Service Principal 37,845 (37,845) 0.00% -83.33% Interest and Fiscal Agent Fees 90,155 (90,155) 0.00% -83.33% Debt Issuance Costs 0.00% -83.33% Total Expenditures 128,876 (128,876) 0.00% -83.33% Other Financing Uses: Issuance of Debt 0.00% -83.33% Reoffering Premium/Original Issue Discount 0.00% -83.33% Payment to Refund Loans Escrow Agent 0.00% -83.33% Transfers Out 0.00% -83.33% Total Other Financing Uses 0.00% -83.33% Total Expenditures and Other Financing Uses 128,876 (128,876) 0.00% -83.33%
Uses
44,287 44,287 Unassigned Fund Balance at Beginning of Year 34,512
Year-End
Unassigned Ending Fund Balance, 04/30/24 78,799
Excess of Revenues Over (Under) Expenditures and Other Financing
$
Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year
Investment Market Value Adjustment
Other Fund Balance Components:
78,799
56

Unassigned Fund Balance at Beginning of Year

Cancellation of Prior Year Encumbrances

Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment Unassigned Ending Fund Balance, 04/30/24

Other Fund Balance Components:

Restricted - Current Year Encumbrances

Restricted - Prior Year Encumbrances

Restricted - Trust Debt Service

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule Hub Drive TIF For the Period Ended April 30, 2024

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Taxes $ 31,734 31,734 0.00% -83.33% Investment Income (Loss) 315 315 0.00% -83.33% Other Revenue 0.00% -83.33% Total Revenues 32,049 32,049 0.00% -83.33% Expenditures: Tax Increment Financing 2 (2) 0.00% -83.33% Debt Service Principal 0.00% -83.33% Interest and Fiscal Agent Fees 0.00% -83.33% Debt Issuance Costs 0.00% -83.33% Total Expenditures 2 (2) 0.00% -83.33% Other Financing Uses: Issuance of Debt 0.00% -83.33% Reoffering Premium/Original Issue Discount 0.00% -83.33% Payment to Refund Loans Escrow Agent 0.00% -83.33% Transfers Out 0.00% -83.33% Total Other Financing Uses 0.00% -83.33% Total Expenditures and Other Financing Uses 2 (2) 0.00% -83.33% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 32,047 32,047
32,047
$ 32,047
Total Fund Balance
57

Cancellation of Prior Year Encumbrances Change in Other Fund Balance Components During the Year Year-End Investment Market Value Adjustment Unassigned Ending Fund Balance, 04/30/24

Other Fund Balance Components:

Restricted - Current Year Encumbrances

CITY OF INDEPENDENCE, MISSOURI

Budgetary Comparison Schedule

TIF Supplemental Appropriation Fund For the Period Ended April 30, 2024

Actual Variance Percent Percent Budgeted Amounts Amounts with Final Actual From Original Amended (Budget Basis) Budget 83.33% of Year Budget Revenues: Taxes $ Property tax RSO - Cargo Largo 213 213 0.00% -83.33% Hartman Heritage 70,252 70,252 0.00% -83.33% Drumm Farm 44,852 44,852 0.00% -83.33% Eastland 182,280 182,280 0.00% -83.33% North Independence 1,942 1,942 0.00% -83.33% Mt Washington 108 108 0.00% -83.33% 23rd & Noland - Project 1 2,558 2,558 0.00% -83.33% Sales tax RSO - Cargo Largo 252,232 252,232 0.00% -83.33% Santa Fe 2,383 2,383 0.00% -83.33% Hartman Heritage 151,303 151,303 0.00% -83.33% Drumm Farm 21,314 21,314 0.00% -83.33% Eastland 2,005,523 2,005,523 0.00% -83.33% North Independence 13,738 13,738 0.00% -83.33% Mt Washington 1,196 1,196 0.00% -83.33% 23rd & Noland - Project 1 15,975 15,975 0.00% -83.33% Investment Income (Loss) 247,219 247,219 0.00% -83.33% Other Revenue (116,042) (116,042) 0.00% -83.33% Total Revenues 2,897,046 2,897,046 0.00% -83.33% Other Financing Sources: Transfers In 1,809 1,809 0.00% -83.33% Total Other Financing Sources 1,809 1,809 0.00% -83.33% Total Revenues and Other Financing Sources 2,898,855 2,898,855 0.00% -83.33% Expenditures: Tax Increment Financing 1,870 (1,870) 0.00% -83.33% Debt Service Principal 0.00% -83.33% Interest and Fiscal Agent Fees 0.00% -83.33% Debt Issuance Costs 0.00% -83.33% Total Expenditures 1,870 (1,870) 0.00% -83.33% Other Financing Uses: Issuance of Debt 0.00% -83.33% Reoffering Premium/Original Issue Discount 0.00% -83.33% Payment to Refund Loans Escrow Agent 0.00% -83.33% Transfers Out 10,615 0.00% -83.33% Total Other Financing Uses 10,615 0.00% -83.33% Total Expenditures and Other Financing Uses 12,485 (1,870) 0.00% -83.33% Excess of Revenues Over (Under) Expenditures and Other Financing Uses $ 2,886,370 2,886,370 Unassigned Fund Balance at Beginning of Year 6,843,411
9,729,781
Restricted - Prior Year Encumbrances
9,729,781
Restricted - Trust Debt Service Total Fund Balance $
58

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