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THE CITY OF ^ <br />Quarterly Financial Report <br />- - - -'~-'~ ~~~ Operating Budget <br />~ L ~ ~ S~ N TON o Th/rd Quarter of FY 2007-08 <br />as of March 31, 2008 <br />• • - ~ <br />Beg Fund Bal 2,750,232 <br />Revenues 4,563,617 3,223,641 70.6% <br />Oper & Maint Exp -3,443,345 -2,527,293 73.4% <br />Net Income from Operations 1,120,272 <br />Transfer Out to Debt Service -1,595,620 <br />Change in Fund bal -475,348 <br />Endin Fund bal 2,274,884 <br />special Revenue Funds <br />Lower Income Housing Fund ~' <br />The Lower Income Housing Fund is at 65.9% of budgeted revenues and 41.3% of <br />expenditures with 75% of the year expended. Expenditures are only at 41.3% because <br />administrative costs are charged to this fund at year end when actual cost information <br />is available. <br />., <br />LPFD Fund '•~' <br />The LPFD Fund is at 68.0% of budgeted revenues and 68.4% of expenditures with 75% <br />of the year completed and after reflecting first quarter budget reduction adjustments. <br />Both revenue and expenditures are below the 75% level and are not expected to <br />exceed estimates. <br />~~' Good. Positive Indicator ~ Caution. Unsettled Indicator ~ Problem. Negative Indicator <br />