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Quarterly Financial Report
<br /> \\\7 \T 0 Operating Budget
<br /> First Quarter 2010/11 FY
<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 /> Total Salaries& Benefits 66,522,379 12,580,592 18.9%
<br /> Total Transportation/Training 1,301,441 245,386 18.9%
<br /> Total Repairs & Maintenance 1,786,196 363,514 20.4%
<br /> Total Material,Supplies,Sery 14,444,672 2,669,536 18.5%
<br /> Total Capital Outlay 421,532 63,848 15.1%
<br /> Total Budget vs Actual 84,476,220 15,922,876 18.8%
<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 2011-12FY General Fund budget.
<br /> Enterprise Funds
<br /> Water Operating Fund
<br /> The Water Operating Fund is at 22.9% of budgeted revenues collected and 13.5% of
<br /> expenses. Revenues from a portion of the first two months of the 2011-12FY are
<br /> accrued back to the prior fiscal year (2010-11FY) 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 /> Staff will be looking at these projections more closely in the coming months and any
<br /> changes to revenues and/or expenditures will be made at the Midyear Budget Review in
<br /> March 2012.
<br /> Table 5. Water Operating Fund
<br /> Water Operating Fund Budget YTD Actual
<br /> Revenues
<br /> Water Revenue 19,423,585 4,536,814 23.4%
<br /> Other 463,869 14,213 3.1%
<br /> Total Revenue 19,887,454 4,551,027 22.9%
<br /> Oper& Maint Expenses
<br /> Personnel 2,731,109 513,378 18.8%
<br /> Zone 7 Payments 12,600,000 1,601,235 12.7%
<br /> Other 2,518,737 287,945 11.4%
<br /> Total Expenses 17,849,846 2,402,558 13.5%
<br /> Good. Positive Indicator Caution. Unsettled Indicator 4144 Problem. Negative Indicator
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