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THE CITY OF Quarterly Financial Report 'in Operating Budget P L£ ASANTON. First Quarter of FY 2009 -10 As of Se tember 30 2009 The table below displays this same information according to the major objects of expenditure. Expenditures by Type Budcet YTD Actual Total Salaries Benefits 67,810,758.00 14,522,063.90 21.4% Total Transportation/Training 1,517,975.00 302,807.02 19.9% Total Repairs Maintenance 2,032,015.00 407,584.71 20.1% Total Material, Supplies, Services 14,552,656.00 2,239,535.00 15.4% Total Capital Outlay 455,000.00 80,188 17.6% Total Budget vs. Actual 86,368,404 17,552,179 20.3% All departments and major objects of expenditure are within the 25% level at the end of the first quarter and no budget adjustments are being requested at this time. However, it is expected that recommendations will be made with the Mid -year update to maintain a balanced General Fund budget. Enterprise Funds Water Operating Fund The Water Operating Fund is at 9.7% of budgeted revenues collected and 5.1% of expenditures. Revenues from the first two periods of the fiscal year are accrued back into the prior fiscal year into the period when that revenue was earned. Water rates are currently being reviewed and any recommended adjustments will be presented to City Council this year. Water Operating Fund Budget YTD Actual Beg Fund Bal 8,356,586 Revenues 17,839,545 1,727,982 9.7% Operation Maintenance Expense 19,702,514 1,011,239 5.1% included in exp included in exp Debt Service above above Net Income from Operations 1,862,969 716,743 Net transfer Out to CIP 740,427 0 Change in Fund bal 2,603,396 716,743 Ending Fund bal 5,753,190 .Q• Good. Positive Indicator Caution. Unsettled Indicator 4. Problem. Negative Indicator