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THE CITY OF Quarterly Financial Report
<br />- - - - -'_-~ "'- Operating Budget
<br />~ L~ ~S~4NTON° Third Quarter of FY 2007-08
<br />as of March 31, 2008
<br />Yr. -~
<br />The table below displays this same information according to the major objects of
<br />expenditure.
<br />
<br /> ~~
<br />Total Salaries & Benefits 65,860,207.00 45,565,225.59 69.2%
<br />Total Transportation/Training 2,120,903.00 1,534,079.03 72.3%
<br />Total Repairs 8~ Maintenance 4,272,492.00 3,092,452.06 72.4%
<br />Total Material,Supplies,Serv 17,375,304.00 8,859,958.64 51.0%
<br />Total Ca ital Outla 1,011,581.00 316,851.66 31.3%
<br />Total Bud et vs Actual 90,640,487.00 59,368,566.98 65.5%
<br />All departments and major objects of expenditure are within the 75% level at the end
<br />of the third quarter and no budget adjustments are being requested at this time.
<br />Enterurise Funds
<br />Water Operating Fund ~~~
<br />The Water Operating Fund is at 58.6% of budgeted revenues collected and 56.6% of
<br />expenditures. Revenues from the first two periods of the fiscal year are accrued which
<br />results in less than 9 months of revenues being realized in the initial three-quarters of
<br />the fiscal year. In addition, water sales are slightly (-4.4%) below sales from the same
<br />point in the prior year. As budgeted, the results of operations are expected to produce
<br />a small, but positive, cash flow increasing fund balance. Water rates are currently
<br />being reviewed and any recommended adjustments will be presented to City Council
<br />this spring.
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<br />Beg Fund Bal 11,002,187
<br />Revenues 18,123,927 10,612,344 58.6%
<br />Oper & Maint Exp -16,491,254 -9,339,569 56.6%
<br />Net Income from Operations 1,632,673
<br />Net transfer Out to CIP -1,614,415
<br />Change in Fund bal 18,258
<br />Endin Fund bal 11,020,445
<br />~~~ Good. Positive Indicator Caution. Unsettled Indicator ~ Problem. Negative Indicator
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