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Sales tax revenue was below the budget estimate by $1,426,216 as shown in Table 3, a
<br /> 7.5% variance. The adjusted budget assumed a decline of -10.3% over the prior year
<br /> and actual receipts were -17% below the prior year.
<br /> General Fund Expenditures. Actual General Fund expenditures were 96.1% of
<br /> budget and below budget estimates by $3.4 million. The following table shows the
<br /> major expenditure categories with a comparison of budgeted versus actual expenditures
<br /> and the variance to the budget estimate both in terms of dollars and percentage.
<br /> Table 5. General Fund Ex enditures Bud et vs. Actual
<br /> of Budget
<br /> General Fund Expenditures Adjusted Budget Actual Dollar Variance Expended
<br /> Personnel Costs 67,343,378 66,438,272 905,106 98.7%
<br /> Transportation Training 1,638,534 1,658,456 (19,922) 101.2%
<br /> Repairs Maintenance 2,052,146 1,935,997 116,149 94.3%
<br /> Materials, Supplies, Services 16,807,088 14,471,513 2,335,575 86.1%
<br /> Capital Outlay 878,184 741,466 136,718 84.4%
<br /> Total 88,719,330 85,245,704 3,473,626 96.1%
<br /> Of the dollar variance of $3,473,626 the amount of carryovers are $3,418,328 which
<br /> includes $205,554 for energy projects, $699,804 in operating department purchase
<br /> orders and contracts, and $2,512,969 to be held in the carryover reserve for future
<br /> allocation.
<br /> ENTERPRISE FUNDS
<br /> The City currently has six Enterprise Funds, including the Storm Drain, Golf, Paratransit,
<br /> Water and Sewer and Cemetery Funds. Only the Operations Maintenance (O &M),
<br /> and Debt Service portions of these enterprises are reflected in the Operating Budget.
<br /> Capital Improvements and replacement for Storm, Water and Sewer are accounted for
<br /> in the CIP.
<br /> WATER AND SEWER OPERATING FUNDS
<br /> The Water Operating Fund ended FY 2008 -09 with a lower ending fund balance than
<br /> was projected. The main contributing factor was the higher than expected increase in
<br /> Zone 7 water rates.. The City is currently undergoing a water rate study to determine
<br /> the local rate necessary to offset the increases in Zone 7 treated water rates and other
<br /> inflationary cost increases that have occurred over the years in the water enterprise
<br /> operation. City water rates have not been increased since 2001.
<br /> The Sewer Operating Fund ended FY 2008 -09 with a slightly lower than projected fund
<br /> balance due to lower than projected revenues received in the sewer fund. A sewer rate
<br /> study is also currently in progress. The City has not increased its local sewer rates
<br /> since 2001.
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