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HE CITY OF
<br /> ,..,,, _,_n +' Quarterly Financial Report
<br /> 1 L LT\D 4N -1-oN. Operating Budget
<br /> First Quarter 2010/11 FY
<br /> As o e•tem er 30 2010
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<br /> Sewer Operating Fund
<br /> The Sewer Operating Fund is at 13.6% of budgeted revenues and 8.1% of expenses.
<br /> Revenues from a portion of the first two months of the 2010 /11FY are accrued back
<br /> into the prior fiscal year (2009 /10FY) given the City bills utilities in arrears, therefore
<br /> causing revenues to be undistributed (13.6% vs. 25 %). Also, there is a lag between
<br /> the time when revenues are received and when payment is made to DSRSD for regional
<br /> sewer treatment fees. This causes revenues to be greater than they should be (see
<br /> water revenue at 6.2 %) and expenditures to be less than they should be (8.1% vs.
<br /> 25 %). Any changes to revenues and /or expenditures will be made at the Midyear
<br /> Budget Review in March 2011.
<br /> Table 6. Sewer Operating Fund
<br /> Sewer Operating Fund Budget YTD Actual
<br /> Revenues
<br /> Sewer Charges 11,772,758 1,623,343 13.8%
<br /> Other 142,131 -7,309 -5.1%
<br /> Total Revenue 11,914,889 _ 1,616,034 13.6%
<br /> Oper & Maint Expenses
<br /> Personnel 1,193,733 232,161 19.4%
<br /> DSRSD Payments 8,000,000 418,626 5.2%
<br /> Capital 5,000 921 18.4%
<br /> Other 1,327,302 205,535 15.5%
<br /> Total Expenses 10,526,035 857,243 8.1%
<br /> Golf Operating Fund
<br /> The Golf Operating Fund is at 31.0% of budgeted revenues and 24.9% of budgeted
<br /> expenses. Golf rounds for 2010 /11FY are budgeted at 64,200. As of September 30,
<br /> 2010 Callippe had recorded 19,751 rounds. There were 63,655 rounds played during
<br /> the 2009 /10FY.
<br /> Table 7. Golf Operatin • Fund
<br /> Golf Operating Fund Budget YTD Actual
<br /> Revenues
<br /> Green Fees 2,507,660 734,539 29.3%
<br /> Pro Shop 1,057,000 349,713 33.1%
<br /> Food and Beverage 659,500 226,262 34.3%
<br /> Other 13,000 1,309 10.1%
<br /> Total Revenue 4,237,160 _ 1,311,823 31.0%
<br /> Oper & Maint Expenses
<br /> Personnel 1,586,760 417,326 26.3%
<br /> Other 2,412,475 577,210 23.9%
<br /> Total Expenses 3,999,235 994,536 24.9%
<br /> Good. Positive Indicator Caution. Unsettled Indicator a Problem. Negative Indicator
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