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HomeMy WebLinkAboutAgenda Report - March 4, 2020 H-01'• CITY OF LODI AGENDAITEM COUNCIL COMMUNICATION TM AGENDA TITLE: Adopt Resolution Approving Fiscal Year 2019/20 Mid -Year Budget Adjustments MEETING DATE: March 4, 2020 PREPARED BY: Budget Manager RECOMMENDED ACTION Adopt resolution approving the Fiscal Year 2019/20 mid -year budget adjustments. BACKGROUND INFORMATION: The City Council adopted the Fiscal Year 2019/20 Budget on June 5, 2019. The budget sets the priorities for funding services within the City of Lodi for the fiscal year. With the adopted budget, the Council requires staff to provide a mid -year update on the status of the budget and to make any necessary adjustments at that time. General Fund Revenues: General Fund revenues are trending higher than originally budgeted. The adopted budget showed total projected revenues of $59,605,690. The mid -year budget estimates the year end revenue projection to be $61,839,700. The additional $2,234,010 in projected revenues is shown in Table 1. All other categories are trending on budget. Table 1 Revenue Category Variance Above Projection % of Variance Property Tax $146,640 1.3% Sales & Use Tax $1,775,630 9.8% Engineering Inpection Fees $452,190 203.0% Engineering Fees $149,800 29.4% State Mandates SB90 $26,470 52.9% Late Payment Fees - Utilties ($125,000) -11.6% Strike Team Reimbursement ($191,720) -86.1% TOTAL GENERAL FUND REVENUE VARIENCE1 2,234,0101 0.037 General Fund Expenditures: The overall General Fund expenses are projected to be $218,536 higher than the adopted budget, primarily due to recent MOU negotiations, which were not budgeted. Table 2 shows the General Fund expenditure projections compared to budget by department. City Attorney, City Clerk, City Manager, Internal Services and Police are seeing estimates greater than budget due primarily from MOU negotiations and increased personnel costs. Fire is under budget by $183,400, primarily from a reduction APPROVED: phen S auer, City Manager in anticipated Strike Team calls for service, which is also reflected in the reduced revenue projection. Non -Departmental, which covers city-wide expenditures, has an estimated budget shortage of $77,560 for electricity needs. Table 2 2019/20 Revised Department I Budget 2019/20 Estimate (Over) Under Budget City Attorney $577,140 $601,630 ($24,490) City Clerk $610,930 $630,300 ($19,370) City Manager $391,260 $405,520 ($14,260) Economic Development $547,710 $540,210 $7,500 Fire $14,218,300 $14,034,900 $183,400 Internal Services $5,149,782 $5,170,000 ($20,218) Non -Departmental $11,448,620 $11,526,180 ($77,560) Police $24,184,522 $24,462,260 ($277,738) Public Works $2,719,280 $2,695,080 $24,200 Total $59,847,544 $60,066,080 ($218,536) Staff is recommending increased appropriations for those departments listed above that are over budget and maintaining appropriations for those under budget. The total recommended increase in appropriations is $433,636 which is offset by the estimated increases in revenue on Table 1. Electric Utility Electric Utility anticipates an increase in revenue of approximately $3,123,200, primarily attributed to an estimated increase in energy sales that have tracked slightly higher than originally estimated in addition to an increase in power supply costs which will be recovered through ECA revenue. The department anticipates a net increase in expenses of approximately $3,066,130, primarily attributed to an increase in power supply costs and additional capital improvement project and system maintenance activities. Unanticipated outages have left NCPA generating facilities operating less and market prices have been trending lower, resulting in less plant revenue. Capital project efforts are increasing as it relates to overhead system maintenance and it is anticipated various contracts will be executed by the end of the fiscal year as it relates to the renovation of Electric Utility's main facilities. Table 3 summarizes the requested changes to current capital projects. Table 3 Project 2019/20 Revised Budget Requested Revised Project change Budget EUCP-14001Streetlight Ground/Fusing $56,982 $1,500 $58,482 EUCP-14002 12KV Overhead Maint. $300,878 $600,000 $900,878 EUCP-14003 230 KV Internconnection $500,000 ($150,000) $350,000 EUCP-14006 12KV Underground Maint. $1,102,900 $22,500 $1,125,400 EUCP-15004 Work for Others $350,000 $420,000 $770,000 EUCP-15008 LED Streetlights $250,000 ($150,000) $100,000 EUCP-17001 ADA, Ergo, Security Upgrade $2,066,794 $500,000 $2,566,794 EUCP-18148 McLane Substation Upgrade $1,853,202 $126,000 $1,979,202 Total $6,480,756 $1,370,000 $7,85(),756 Wastewater Utility Operating revenues are projected $1,240,730 higher than budgeted, primarily from a projected increase of $939,650 in customer accounts. Wastewater is also expecting to receive a $520,000 state grant for the White Slough Pond project that was delayed last year due to weather. Additionally, developer impact fees are coming in $312,170 lower than budgeted. Expenditures are expected to be $101,856 over budget which represents $48,750 in staff costs and $53,010 for additional electricity needs. Water Utility Operating revenues are projected slightly higher than budgeted at $140,132 coming from a net increase in customer accounts of $300,590 and reduction in developer impact fees of $181,740. Expenditures are coming in right at budget with a slight savings of $2,525. Personnel Adjustments Staff is recommending the addition of two full time positions and an elimination of one full time position, netting a gain of one. Electric Utility is requesting the elimination of a vacant Electric Engineer, annual cost of $198,360, and the addition of a Senior Power Engineer, annual cost of $229,720 for an annual net increase of $31,360. The Electric Utility Department currently is authorized for one Senior Power Engineer. With Council's approval, this will bring the number of positions to two. It is anticipated that this position would be filled for the last quarter of the fiscal year for a net cost to the Electric Utility of $7,840. This position would assist the Electric Utility in undertaking a number of efforts to implement various technology solutions as it relates to managing engineering and construction work tasks. The senior level position is needed to ensure the necessary skill set to both implement and oversee these activities. Additionally, the Electric Utility currently contracts for various engineering studies. This position would reduce the need to incur those costs. Community Development is requesting the addition of one permit technician at an annual cost of $102,790. It is anticipated that this position would be filled for the last quarter of the fiscal year for a cost of $25,700. The department has seen an increase in permit activity of approximately 35% over the past five years. In FY 19, the department entered into a contract with 4Leaf Inc., to provide permit technician services at an estimated annual cost of $125,000. The addition of this position will eliminate the contract resulting in an annual net cost savings of approximately $22,000 to the department for this position. Community Development currently has two authorized permit technicians. With Council's approval, this will bring the number of positions to three. The permit technician provides front line phone and counter assistance; processes building permits; collects fees; provides customer service to the building industry. If approved, the cost can be absorbed in current appropriations. FISCAL IMPACT: Offsetting revenue and expenses for General Fund departments (City Attorney, City Clerk, City Manager, Internal Services, Non -Departmental and Police) for costs associated with increased staff costs; Offsetting revenue and expense in Electric Utility for power generation, capital improvement projects and additional Senior Power Engineer; offsetting revenues and expenditures in Wastewater Utility for additional staff costs and electricity needs. Additional Permit Technician in Community Development utilizing current appropriations. Andrew Keys, Depu City Manager Exhibit A Mid-Year Adjustments FY 2019-20 Current Mid-Year Revised Account Number Account Description Budget Adjustment Budget Mid-Year Ammendments 100 - General Fund Revenue Adjustment 10095000.51001 Property Tax $ 10,903,360 $ 11,050,000 $ 146,640 10095000.51031 Sales & Use Tax $ 12,922,370 $ 13,600,000 $ 677,630 10300000.51031 Sales & Use Tax $ 5,200,000 $ 6,298,000 $ 1,098,000 10050500.57402 Engineering lnspFees $ 222,810 $ 675,000 $ 452,190 10050500.57500 Engineering Fees $ 509,660 $ 659,460 $ 149,800 10095000.56502 State Mandates SB90 $ 50,000 $ 76,470 $ 26,470 10041100.57107 Strike Team $ 222,750 $ 31,030 $ (191,720) 10095000.53207 Late Payments - Utilites $ 1,075,000 $ 950,000 $ (125,000) Total Revenue Adjustments $ 31,105,950 $ 33,339,960 $ 2,234,010 Expense Adjustment 10015000.71001 Personnel $ 295,700 $ 320,190 $ 24,490 10005000.71001 Personnel $ 213,170 $ 232,540 $ 19,370 10010000.71001 Personnel $ 537,080 $ 551,340 $ 14,260 10020203.71001 Personnel $ 518,030 $ 538,248 $ 20,218 100320000.71001 Personnel $ 6,221,630 $ 6,499,368 $ 277,738 10095000.72211 Electricity $ 720,000 $ 797,560 $ 77,560 Total Expense Adjustments $ 8,505,610 $ 8,939,246 $ 433,636 500 -508 Electric Utility Revenue Adjustment 50000000.58801 EA Energy cost Adj $ 1,297,890 $ 2,124,890 $ 827,000 50000000.58803 ED Energy Cost Adj $ 189,020 $ 284,090 $ 95,070 50000000.58805 EM Energy Cost Adj $ 26,130 $ 36,230 $ 10,100 50000000.58807 G1 Energy Cost Adj $ 410,170 $ 679,920 $ 269,750 50000000.58809 G2 Energy Cost Adj $ 1,031,000 $ 1,724,040 $ 693,040 50000000.58811 G3 Energy Cost Adj $ 214,420 $ 320,790 $ 106,370 50000000.58813 G4 Energy Cost Adj $ 233,290 $ 404,930 $ 171,640 50000000.58815 G5 Energy Cost Adj $ 155,500 $ 287,520 $ 132,020 50000000.58817 11 Energy Cost Adj $ 449,350 $ 681,000 $ 231,650 50000000.58823 ES energy Cost Adj $ 99,390 $ 171,440 $ 72,050 50000000.58808 Large Commercial-G2 $ 16,076,300 $ 16,461,450 $ 385,150 50800000.59541 Greenhouse Gas $ 2,386,850 $ 2,516,210 $ 129,360 Total Revenue Adjustments $ 22,569,310 $ 25,692,510 $ 3,123,200 Expense Adjustment 50061500.71001 Personnel $ 771,480 $ 779,320 $ 7,840 50061400.71188 Personnel $ (710,000) $ (1,269,000) $ (559,000) 50060500.72901 Generation $ 26,543,980 $ 27,893,810 $ 1,349,830 50060500.72902 Transmission $ 9,635,250 $ 10,540,550 $ 905,300 50199000.77020 EUCP-14001 $ 56,982 $ 58,482 $ 1,500 50199000.77020 EUCP-14002 $ 300,878 $ 900,878 $ 600,000 50199000.77020 EUCP-14003 $ 500,000 $ 350,000 $ (150,000) 50199000.77020 EUCP-14006 $ 1,102,900 $ 1,125,400 $ 22,500 50199000.77020 EUCP-15004 $ 350,000 $ 770,000 $ 420,000 50199000.77020 EUCP-15008 $ 250,000 $ 100,000 $ (150,000) 50199000.77020 EUCP-17001 $ 2,066,794 $ 2,566,794 $ 500,000 50199000.77020 EUCP-18148 $ 1,853,202 $ 1,979,202 $ 126,000 Total Expense Adjustments $ 42,721,466 $ 45,795,436 $ 3,073,970 Exhibit A Mid -Year Adjustments FY 2019-20 Account Number Account Description 530-533 Wastewater Utility $ - $ Revenue Adjustment $ 520,000 53000000.58891 Customer Accounts 53100000.56421 State Special Grants 53300000.57501 Development Impact Fees Total Revenue Adjustments Expense Adjustment 53053003.71001 Personnel 53053003.72211 Electricity Current Mid -Year Revised Budget Adjustment Budget 15,238,450.00 $ 16,178,100 $ 939,650 $ - $ 520,000 $ 520,000 $ 1,130,030 $ 931,930 $ (218,920) $ 16,368,480 $ 17,630,030 $ 1,240,730 750,340 799,190 $ 48,850 $ 640,000 $ 693,010 $ 53,010 $ 1,390,340 5 1,492,200 $ 101,860 Fiscal Year 2019/20 Budget Mid Year Report Fund Balance Ending Fund Balance Unreserved Fund Balance as a percentage of revenue: 9,903,470 11,984,072 11,742,218 13,757,692 2,015,474 19% 22% 20% 22% Estimated Budget to 2017-18 2018-19 2019-20 2019-20 Est Actuals General Fund Actuals Actuals Budget Actuals Variance Fund Balance Beginning Fund Balance Unreserved 11,042,366 9,903,470 11,984,072 11,984,072 - Revenues 51,541,718 54,271,560 59,605,690 61,839,700 2,234,010 Expenditures 52,680,614 52,190,958 59,847,544 60,066,080 218,536 Net Difference (Revenues Less Expenditures) (1,138,896) 2,080,602 (241,854) 1,773,620 2,015,474 Fund Balance Ending Fund Balance Unreserved Fund Balance as a percentage of revenue: 9,903,470 11,984,072 11,742,218 13,757,692 2,015,474 19% 22% 20% 22% Overall revenues are anticipated to beat the budget by 3.7% Revenue Category Variance Above Projection % of Variance Property Tax $1461640 1.3% Sales & Use Tax $1177516.30 9.8% Engineering Inpection Fees $4521190 203.0% Engineering Fees $1491800 29.4% State Mandates SB90 $261470 52.9% Late Payment Fees - Utilties ($125,000) -11.6 Strike Team Reimbursement ($191,720) -86.1 TOTAL GENERAL FUND REVENUE VARIENEE 2,234,0101 3.7% • Budget overage of $218,536 Department 2019/20 Revised Budget 2019/20 Estimate (Over) Under Budget City Attorney $577,140 $501,630 ($24,490) City Clerk $510,9.30 $630,300 ($19,370) City Manager $391,250 $405,520 ($14,260) Economic Development $547,710 $540,210 $7,500 Fire $14,215,.300 $14,034,900 $153,400 Internal Services $5,149,752 $5,170,000 ($20,215) Non -Departmental $11,445,620 $11,526,180 ($77,560) Police $24,154,522 $24,462,260 ($277,738) Public Works $2,719,250 $2,695,050 $24,200 Total $59,847,544 $60,066,080 ($218,536} • Revenue adjustments in Property Tax; Sales/Use Tax; Engineering Fees; State Mandates; Strike Team; and Late Payments ($2,234,010) • Expenditure adjustments for Personnel in City Clerk,, City Attorney, City Manager, Internal Services and Police Departments ($356,076) • Expenditure adjustment for City-wide electricity costs ($77,560) Electric Utility Enterprise Fund Beginning Cash Balance Estimated Budget to 2017-18 2018-19 2019-20 2019-20 Est Actuals Actuals Actuals Budget Actuals Variance 28,133,768 36,848,018 48,569,826 48,569,826 Revenues* 74,937,150 74,499,971 72,440,580 75,563,780 3,123,200 Expenditures 66,222,900 62,778,163 75,775,080 78,841,210 3,066,130 Net Difference (Revenues Less Expenditures) 8,714,250 11,721,808 (3,334,500) (3,277,430) 57,070 Cash Balance Ending Cash Balance Fund Balance as a percentage of expenses: * Includes changes in GOR 36,848,018 48,569,826 45,235,326 45,292,396 57,070 56% 77% 60% 57% Project 2019/20 Revised Budget Requested change Revised Project Budget EUCP-1400lStreetlight Ground/Fusing $56,982 $1,500 $58,482 EUCP-14002 12KV Overhead Maint. $300,878 $600,000 $900,878 EUCP-14003 230 KV Internconnection $500,000 ($150,000) $350,000 EUCP-14006 12KV Underground Maint. $1,102,900 $22,500 $1,125,400 EUCP-15004 Work for Others $350,000 $420,000 $770,000 EUCP-15008 LED Streetlights $250,000 ($150,000) $100,000 EUCP-17001 ADA, Ergo, Security Upgrade $2,066,794 $500,000 $2,566,794 EUCP-18148 McLane Substation Upgrade $1,853,202 $126,000 $1,979,202 Total $6,480,756 $1,370,000 $7,850,756 • Revenue adjustments in a variety of Energy Cost Adjustment accounts; Large Commercial; Greenhouse Gas ($3,123,200) • Expenditure adjustments in Personnel; Generation; Transmission and Capital ($3,073,970) Cash Balance Ending Cash Balance Fund Balance as a percentage of expenses: 5,154,246 10,041,011 4,188,363 4,331,021 142,657 37% 95% 20% 20% Estimated Budget to 2017-18 2018-19 2019-20 2019-20 Est Actuals Water Utility Enterprise Fund Actuals Actuals Budget Actuals variance Cash Balance Beginning Cash Balance 4,743,509 5,154,246 10,041,011 10,041,011 - Revenues 14,461,227 15,509,164 15,300,128 15,440,260 140,132 Expenditures 14,050,490 10,622,400 21,152,775 21,150,250 (2,525) Net Difference (Revenues Less Expenditures) 410,737 4,886,765 (5,852,647) (5,709,990) 142,657 Cash Balance Ending Cash Balance Fund Balance as a percentage of expenses: 5,154,246 10,041,011 4,188,363 4,331,021 142,657 37% 95% 20% 20% Wastewater Utility Enterprise Fund Beginning Cash Balance Estimated Budget to 2017-18 2018-19 2019-20 2019-20 Est Actuals Actuals Actuals Budget Actuals Variance 19,473,784 22,795,135 25,275,234 25,275,234 Revenues 16,479,477 20,292,057 17,359,130 18,599,860 1,240,730 Expenditures 13,158,126 17,811,958 20,045,424 20,147,280 101,856 Net Difference (Revenues Less Expenditures) 3,321,351 2,480,099 (2,686,294) (1,547,420) 1,138,874 Cash Balance Ending Cash Balance Fund Balance as a percentage of expenses: 22,795,135 25,275,234 22,588,940 23,727,814 1,138,874 173% 142% 113% 118% • Revenue adjustments in Customer Accounts; State Special Grants, Development Impact Fees ($1,240,730) • Expenditure adjustments in Personnel and Electricity ($101,860) • Eliminate one vacant Electrical Engineer in Electric Utility — annual savings $198,360 • Add one Senior Power Engineer in Electric Utility — annual cost $229,720 9 Add one Permit Technician in Community Development Department — annual cost $102,790 • Adopt resolution adjusting appropriations in various funds to address FY 2019/20 needs, approving the elimination of Electric Engineer and adding Senior Power Engineer and Permit Technician positions. Questions? RESOLUTION NO. 2020-44 A RESOLUTION OF THE LODI CITY COUNCIL AMENDING THE CITY OF LODI FISCAL YEAR 2019-20 BUDGET; AND APPROVING THE ELIMINATION OF ONE ELECTRICAL ENGINEER, THE ADDITION OF ONE SENIOR POWER ENGINEER, AND THE ADDITION OF ONE PERMIT TECHNICIAN WHEREAS, the City Council adopted the Fiscal Year 2019-20 Budget on June 5, 2019; and WHEREAS, the 2019/20 Financial Plan and Budget was prepared in accordance with the City Council's goals, budget assumptions, and policies; and WHEREAS, the budget Resolution requires a mid -year update which was presented to City Council at its regularly -scheduled meeting on March 4, 2020; and WHEREAS, revisions to the budget are necessary to address circumstances unknown at the time of the budget adoption. NOW, THEREFORE BE IT RESOLVED that the Lodi City Council does hereby approve the following: 1) All budget amendments to Fiscal Year 2019-20 Budget as outlined on Exhibit A; and 2) The elimination of one Electrical Engineer position in the Electric Utility Department; and 3) The addition of one Senior Power Engineer position in the Electric Utility Department; and 4) The addition of one Permit Technician in the Community Development Department. Dated: March 4, 2020 I hereby certify that Resolution No. 2020-44 was passed and adopted by the City Council of the City of Lodi in a regular/special joint meeting held on March 4, 2020 by the following vote: AYES: COUNCIL MEMBERS — Chandler, Mounce, Nakanishi, and Mayor Kuehne NOES: COUNCIL MEMBERS — None ABSENT: COUNCIL MEMBERS — None ABSTAIN: COUNCIL MEMBERS — None PAMELA M. FARRIS Assistant City Clerk 2020-44 Exhibit A Mid-Year Adjustments FY 2019-20 Current Mid-Year Revised Account Number Account Description Budget Adjustment Budget Mid-Year Ammendments 100 - General Fund Revenue Adjustment 10095000.51001 Property Tax $ 10,903,360 $ 11,050,000 $ 146,640 10095000.51031 Sales & Use Tax $ 12,922,370 $ 13,600,000 $ 677,630 10300000.51031 Sales & Use Tax $ 5,200,000 $ 6,298,000 $ 1,098,000 10050500.57402 Engineering lnspFees $ 222,810 $ 675,000 $ 452,190 10050500.57500 Engineering Fees $ 509,660 $ 659,460 $ 149,800 10095000.56502 State Mandates SB90 $ 50,000 $ 76,470 $ 26,470 10041100.57107 Strike Team $ 222,750 $ 31,030 $ (191,720) 10095000.53207 Late Payments - Utilites $ 1,075,000 $ 950,000 $ (125,000) Total Revenue Adjustments $ 31,105,950 $ 33,339,960 $ 2,234,010 Expense Adjustment 10015000.71001 Personnel $ 295,700 $ 320,190 $ 24,490 10005000.71001 Personnel $ 213,170 $ 232,540 $ 19,370 10010000.71001 Personnel $ 537,080 $ 551,340 $ 14,260 10020203.71001 Personnel $ 518,030 $ 538,248 $ 20,218 100320000.71001 Personnel $ 6,221,630 $ 6,499,368 $ 277,738 10095000.72211 Electricity $ 720,000 $ 797,560 $ 77,560 Total Expense Adjustments $ 8,505,610 $ 8,939,246 $ 433,636 500 -508 Electric Utility Revenue Adjustment 50000000.58801 EA Energy cost Adj $ 1,297,890 $ 2,124,890 $ 827,000 50000000.58803 ED Energy Cost Adj $ 189,020 $ 284,090 $ 95,070 50000000.58805 EM Energy Cost Adj $ 26,130 $ 36,230 $ 10,100 50000000.58807 G1 Energy Cost Adj $ 410,170 $ 679,920 $ 269,750 50000000.58809 G2 Energy Cost Adj $ 1,031,000 $ 1,724,040 $ 693,040 50000000.58811 G3 Energy Cost Adj $ 214,420 $ 320,790 $ 106,370 50000000.58813 G4 Energy Cost Adj $ 233,290 $ 404,930 $ 171,640 50000000.58815 G5 Energy Cost Adj $ 155,500 $ 287,520 $ 132,020 50000000.58817 11 Energy Cost Adj $ 449,350 $ 681,000 $ 231,650 50000000.58823 ES energy Cost Adj $ 99,390 $ 171,440 $ 72,050 50000000.58808 Large Commercial-G2 $ 16,076,300 $ 16,461,450 $ 385,150 50800000.59541 Greenhouse Gas $ 2,386,850 $ 2,516,210 $ 129,360 Total Revenue Adjustments $ 22,569,310 $ 25,692,510 $ 3,123,200 Expense Adjustment 50061500.71001 Personnel $ 771,480 $ 779,320 $ 7,840 50061400.71188 Personnel $ (710,000) $ (1,269,000) $ (559,000) 50060500.72901 Generation $ 26,543,980 $ 27,893,810 $ 1,349,830 50060500.72902 Transmission $ 9,635,250 $ 10,540,550 $ 905,300 50199000.77020 EUCP-14001 $ 56,982 $ 58,482 $ 1,500 50199000.77020 EUCP-14002 $ 300,878 $ 900,878 $ 600,000 50199000.77020 EUCP-14003 $ 500,000 $ 350,000 $ (150,000) 50199000.77020 EUCP-14006 $ 1,102,900 $ 1,125,400 $ 22,500 50199000.77020 EUCP-15004 $ 350,000 $ 770,000 $ 420,000 50199000.77020 EUCP-15008 $ 250,000 $ 100,000 $ (150,000) 50199000.77020 EUCP-17001 $ 2,066,794 $ 2,566,794 $ 500,000 50199000.77020 EUCP-18148 $ 1,853,202 $ 1,979,202 $ 126,000 Total Expense Adjustments $ 42,721,466 $ 45,795,436 $ 3,073,970 Exhibit A Mid -Year Adjustments FY 2019-20 Account Number Account Description 530-533 Wastewater Utility $ - $ Revenue Adjustment $ 520,000 53000000.58891 Customer Accounts 53100000.56421 State Special Grants 53300000.57501 Development Impact Fees Total Revenue Adjustments Expense Adjustment 53053003.71001 Personnel 53053003.72211 Electricity Current Mid -Year Revised Budget Adjustment Budget 15,238,450.00 $ 16,178,100 $ 939,650 $ - $ 520,000 $ 520,000 $ 1,130,030 $ 931,930 $ (218,920) $ 16,368,480 $ 17,630,030 $ 1,240,730 750,340 799,190 $ 48,850 $ 640,000 $ 693,010 $ 53,010 $ 1,390,340 5 1,492,200 $ 101,860