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IHL uiY or .1 in Quarterly Financial Report I L-E:ASfl\TCJI \ Operating Budget First Quarter 2013/14FY As of September 30, 2013 All departments and major types of expenditure are within the 25% level at the end of the First Quarter except for the Fire Department which is slightly higher than 25%. No budget adjustments are being requested at this time. However, it is expected that recommendations will be made during the Midyear Budget Review to maintain a balanced 2013/14FY General Fund budget. Enterprise Funds Water Operating Fund The Water Operating Fund is at 25.1% of budgeted revenues collected and 14.1% of expenses. Revenues from a portion of the first two months of the 2013/14FY are accrued back to the prior fiscal year (2012/13FY) given the City bills utilities in arrears. This causes revenues to be less than they otherwise would be in a three month period. However, the first quarter activity includes the highest water consumption months, thereby offsetting the impact of accruing some water activity back to the prior year. Staff will be looking at these projections more closely in the coming months and any changes to revenues and/or expenditures will be made at the Midyear Budget Review in March 2014. Table 5 does not reflect Transfers In/Out given that these transactions are posted at the end of the fiscal year. Table 5. Water Operating Fund Water Operating Fund Budget YTD Actual Revenues Water Revenue 20,461,965 5,311,981 26.0% Other 790,392 31,364 4.0% Total Revenue 21,252,357 5,343,345 25.1% Oper & Maint Exp Personnel 3,299,776 672,351 20.4% Zone 7 Payments 13,800,000 1,653,380 12.0% Other 2,413,978 422,675 17.5% Total Expenses 19,513,754 2,748,406 14.1% Sewer Operating Fund The Sewer Operating Fund is at 17.1% of budgeted revenues and 10.9% of expenses. Revenues from a portion of the first two months of the 2013/14FY are accrued back to the prior fiscal year (2012/13FY) given the City bills utilities in arrears. Also, there is a lag between the time when revenues are received and when payment is made to DSRSD for regional sewer treatment fees. Any changes to revenues and/or expenditures will be made at the Midyear Budget Review in March 2014. Table 6 does not reflect Transfers In/Out given that these transactions are posted at the end of the fiscal year. =�' Good. Positive Indicator &Pa Caution. Unsettled Indicator _ ____Problem. Negative Indicator