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Attachment 2 <br /> He CITY OF <br /> Quarterly Financial Report <br /> '-I Operating Budget <br /> 1 <br /> 1,7 k. Third Quarter of FY 2009 -10 <br /> as of March 31, 2010 <br /> Sewer Operating Fund Budget YTD Actual <br /> Beginning Fund Balance 3,480,179 <br /> Revenues 11,609,502 7,064,598 60.9% <br /> Oper Maint Exp 10,788,684 5,761,025 53.4% <br /> Net Income from Operations 820,818 1,303,573 <br /> Net Transfer In (Out) to CIP 867,343 445,535 <br /> Change in Fund Balance 46,525 1,749,108 <br /> Ending Fund Balance 3,433,654 <br /> Golf Operating Fund <br /> The Golf Operating Fund is at 68.8% of budgeted revenues collected and 68.1% of <br /> expenses. The economy has affected the golf industry as expendable household <br /> income for leisure activities has declined. Budgeted revenues should be attainable <br /> as the last three months of the year have longer operating hours and better <br /> weather. <br /> Golf Operating Fund Budget YTD Actual <br /> Beginning Fund Balance 1,843,922 <br /> Revenues 4,342,232 2,988,974 68.8% <br /> Oper Maint Exp 3,793,668 2,583,232 68.1% <br /> Net Income from Operations 548,564 405,742 <br /> Transfer Out to Debt Service 1,396,045 1,596,045 <br /> Change in Fund Balance 847,481 1,190,303 <br /> Ending Fund Balance 996,441 <br /> Special Revenue Funds <br /> LPFD Fund <br /> The LPFD Fund is at 71.4% of budgeted revenues and 66.9% of expenditures with 75% <br /> of the year completed and after reflecting Mid -Year budget reduction adjustments. <br /> Both revenue and expenditures are not expected to exceed estimates. <br /> 6 <br /> Good. Positive Indicator Caution. Unsettled Indicator Ce4 Problem. Negative <br /> Indicator <br />