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"I1E CITY OF
<br /> Y __I Quarterly Financial Report
<br /> pL L AS \ 11)1\ J® Operating Budget
<br /> First Quarter 2010/11FY
<br /> As of September 30, 2010
<br /> Table 4 presents the information according to the major types of expenditures.
<br /> Table 4. General Fund Expenditures by Type
<br /> Expenditures by Type Budget YTD Actual
<br /> Salaries & Benefits 67,419,809 13,327,608 19.8%
<br /> Transportation/Training 1,243,229 219,333 17.6%
<br /> Repairs & Maintenance 1,795,182 339,435 18.9%
<br /> Material, Supplies, Services 14,318,229 2,347,733 16.4%
<br /> Capital Outlay 416,147 61,997 14.9%
<br /> Total Budget vs Actual 85,192,596 16,296,105 19.1%
<br /> All departments and major types of expenditure are within the 25% level at the end of
<br /> the First Quarter and no budget adjustments are being requested at this time.
<br /> However, it is expected that recommendations will be made during the Midyear Budget
<br /> Review to maintain a balanced 2010 /11FY General Fund budget.
<br /> Enterarise Funds
<br /> Water Operating Fund i'P
<br /> The Water Operating Fund is at 6.2% of budgeted revenues collected and 14.3% of
<br /> expenses. Revenues from a portion of the first two months of the 2010 /11FY are
<br /> accrued back to the prior fiscal year (2009/10) given the City bills utilities in arrears.
<br /> This causes revenues to be less than they otherwise would be in a three month period.
<br /> Table 5. Water Operating Fund
<br /> Water Operating Fund Budget YTD Actual
<br /> Revenues
<br /> Water Revenue 20,023,976 1,271,510 6.3%
<br /> Other 530,357 11,735 2.2%
<br /> Total Revenue 20,554,333 1,283,245 6.2%
<br /> Oper & Maint Expenses
<br /> Personnel 2,997,384 531,611 17.7%
<br /> Zone 7 Payments 13,368,468 1,735,894 13.0%
<br /> Other 2,698,227 460,093 17.1%
<br /> Total Expenses 19,064,079 2,727,598 14.3%
<br /> Good. Positive Indicator Caution. Unsettled Indicator a Problem. Negative Indicator
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