City of Cotati
Summary of Fiscal Resilience Enterprise Fund Factors
As of:
General Fund:
Cash*
Budget Operating
Expenses Cash Coverage Goal
A. Cash Coverage Ratio = $ 4,576,774 $ 9,986,146 45.83% > 25% Cash* Current Liabilities** Quick Ratio Goal
B. Liquidity Ratio = $ 4,576,774 $ 187,310 24.43 > 2.00 Twelve Month
Rolling Revenues To
9/30/2024
Twelve Month
Rolling Budget
Revenues
Revenues to
Budget Goal
C.1 Rolling Twelve Months Revenue to Budget = $ 11,458,756 $ 10,946,693 5% > - 10% Fiscal Year Total
Revenues To
9/30/2024
Prior Fiscal Year
Revenues *
9/30/2023
Revenues to Prior
Year
C.2 Current Fiscal Year Revenue to Prior Fiscal Year = $ 1,034,142 $ 1,044,353 -1% D. Increase in Expenditures
Operating
Expenditures
9/30/2024
Budget Expenditures
(3 Months)
Expenditures to
Budget Goal
Operating Expenditures Compared to Budget $ 2,479,464 $ 2,496,537 -1% < 10% Operating
Expenditures
9/30/2024
Prior Fiscal Year
Expenditures
9/30/2023
Expenditures to
Prior Year
Operating Expenditures Compared to Prior Year $ 2,479,464 $ 2,265,590 9% E. Significant Revenue Sources Changes
Current Fiscal Year
9/30/2024
Prior Fiscal Year
9/30/2023 % Change Goal
Bradley Burns $ 256,990 $ 258,876 -0.7% > - 10%
Measure S $ 277,902 $ 248,135 12.0%
Combined Sales Tax $ 534,892 $ 507,011 5.5%
Property Tax $ - $ - 0.0%
Current Fiscal Year
9/30/2024
Budget
(1 Month) % Change Goal
Bradley Burns* $ 256,990 $ 242,667 5.9% > - 10%
Measure S* $ 277,902 $ 259,583 7.1%
Combined Sales Tax* $ 534,892 $ 502,250 6.5%
Property Tax $ - $ 177,000 -100.0%
Monday, September 30, 2024
* - Sales Tax - 1 of the 12 monthly payments have been received to date as they are received two months after the collection period they represent. ** - Property Tax - Payments are received in December, April and August of each year. As such, no payments have been received for the fiscal year..
City of Cotati
Summary of Fiscal Resilience Enterprise Fund Factors
As of:
General Fund:
Monday, September 30, 2024
F. Community Event Identification:
Fiscal Year Total
Revenues To
9/30/2024
Fiscal Year
Operating
Expenditures
9/30/2024
Current Year
Revenues to
Expenses Goal
G. Current Fiscal Year Revenues to Operating Expenditures $ 1,034,142 $ 2,479,464 42% > 110% Prior Fiscal Year
Revenues
9/30/2023
Prior Fiscal Year
Expenditures
9/30/2023
Prior Year
Revenues to
Expenses
Prior year Revenues to Operating Expenditures $ 1,044,353 $ 2,265,590 46% Ref:
* Cash incudes the pooled cash attributable to the evaluated fund which consists of all liquid available cash and investments held including CD's and Treasury notes. ** Current Liabilities are the total of all liabilities for the evaluated fund, as of the reporting date, that are due and payable within one year.
Due to timing of major revenue sources, mentioned in E above, it is consistent that the coverage for revenues would be lower through this period to date. This will continue to be monitored for risk.
- Informed of a possible closure of a licensed cannabis business within the City by the end of this year. Future estimated revenue losses are approximately $110,000 per year. These losses could be offset by increases in operating revenue for other similar businesses within the City. These business operations will be monitored and reported back at future financial updates.
City of Cotati
Summary of Fiscal Resilience Enterprise Fund Factors
As of:
Water Enterprise Fund
Cash*
Budget Operating
Expenses Cash Coverage Goal
A. Cash Coverage Ratio = $ 3,686,940 $ 2,194,113 168.04% > 33% Cash* Current Liabilities** Quick Ratio Goal
B. Liquidity Ratio: = $ 3,686,940 $ 285,775 12.90 > 2.0 Twelve Month
Rolling Revenues To
9/30/2024
Twelve Month
Rolling Budget
Revenues Revenues to Budget Goal
C.1 Rolling Twelve Months Revenue to Budget = $ 2,367,645 $ 2,348,268 1% > - 10% Fiscal Year Total
Revenues To
9/30/2024
Prior Fiscal Year
Revenues
6/30/2023
Revenues to Prior
Year
C.2 Current Fiscal Year Revenue to Prior Fiscal Year = $ 730,335 $ 467,829 56% D. Increase in Expenditures Fiscal Year
Operating
Expenditures
9/30/2024
Budget
Expenditures
(3 Months)
Expenditures to
Budget Goal
Operating Expenditures Compared to Budget $ 605,960 $ 548,528 10% < 10% Fiscal Year
Operating
Expenditures
6/30/2024
Prior Fiscal Year
Expenditures
9/30/2023
Expenditures to
Prior Year
Operating Expenditures Compared to Prior Year $ 605,960 $ 548,400 10% E. Supporting Agency Change In Rates
1-Jul-24 Goal
Budgeted Rate Agency Rate Difference < 2%
Sonoma County Water Agency (65% of supply) 6.00% 9.98% 3.9800% F.
Fiscal Year Total
Revenues To
9/30/2024
Fiscal Year
Operating
Expenditures
9/30/2024
Revenues to
Expenses Goal
Operating Revenues to Operating Expenditures $ 730,335 $ 605,960 121% > 110% Prior Fiscal Year
Revenues
9/30/2023
Prior Fiscal Year
Expenditures
9/30/2023
Prior Year Revenues
to Expenses
Prior Year Revenues to Operating Expenditures $ 467,829 $ 548,400 85% Monday, September 30, 2024
* Cash incudes the pooled cash attributable to the evaluated fund which consists of all liquid available cash and investments held including CD's and Treasury notes. ** Current Liabilities are the total of all liabilities for the evaluated fund, as of the reporting date, that are due and payable within one year.
City of Cotati
Summary of Fiscal Resilience General Fund Factors
As of:
Sewer Enterprise Funds
Cash*
Budget Operating
Expenses Cash Coverage Goal
A. Cash Coverage Ratio = $ 2,976,001 $ 3,642,113 81.71% > 33% B. Cash* Current Liabilities** Quick Ratio Goal
Liquidity Ratio: = $ 2,976,001 $ 66,656 44.65 > 2.0
C.1 Twelve Month
Rolling Revenues To
9/30/2024
Twelve Month
Rolling Budget
Revenues Revenues to Budget Goal
Rolling Twelve Months Revenue to Budget = $ 3,666,711 $ 3,614,286 1% > - 10% C.2 Fiscal Year Total
Revenues To
9/30/2024
Prior Fiscal Year
Revenues
9/30/2023
Revenues to Prior
Year
Current Fiscal Year Revenue to Prior Fiscal Year = $ 827,643 $ 559,114 48% D. Increase in Expenditures Fiscal Year
Operating
Expenditures
9/30/2024
Budget
Expenditures
(3 Months)
Expenditures to
Budget Goal
Operating Expenditures Compared to Budget $ 978,174 $ 1,214,038 -19% < 10% Fiscal Year
Operating
Expenditures
9/30/2024
Prior Fiscal Year
Expenditures
9/30/2023
Expenditures to
Prior Year
Operating Expenditures Compared to Prior Year $ 978,174 $ 861,374 14% * E. Supporting Agency Change In Rates
1-Jul-24 Goal
Budgeted Rate Agency Rate Difference < 2%
Santa Rosa Wastewater Treatment 9.00% 6.38% -2.6200%
F.
Total Revenues To
9/30/2024
Operating
Expenditures
9/30/2024
Revenues to
Expenses Goal
Operating Revenues to Operating Expenditures $ 827,643 $ 978,174 85% > 110% Prior Fiscal Year
Revenues
9/30/2023
Prior Fiscal Year
Expenditures
9/30/2023
Prior Year Revenues
to Expenses
Prior Year Revenues to Operating Expenditures $ 559,114 $ 861,374 65% Note:
Monday, September 30, 2024
* Cash incudes the pooled cash attributable to the evaluated fund which consists of all liquid available cash and investments held including CD's and Treasury notes. ** Current Liabilities are the total of all liabilities for the evaluated fund, as of the reporting date, that are due and payable within one year.
This item is improving over prior year and aligned with the utility rate study. Revenues have improved in part due to the move to monthly billing which more closely ties to the cost of services rendered. This will continue to be monitored for increased risk. * Operating Expenditures Compared to Prior Year - The increase compared to prior year are primarily due to an emergency repair to a mainline on old redwood highway for approximately $50,000. Adjusted for this one time expense the comparative expenditures are approximately a 8% increase. This fund will be monitored and reported back on with the next financial update.