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THE CITY OF Quarterly Financial Report - - •~ -'i-' ~~~ Operating Budget [~ L £ ~ SAN TONa Ffrst Quarter of FY 2008-09 As of September 30, 2008 Golf Operating Fund :~~ The Golf Operating Fund is at 33.7% of budgeted revenues and 30.1%. Golf rounds for FY 2009 are budgeted at 65,000. As of September, 2008 Callippe had recorded 20,205 rounds, which is 97% of the 20,800 budgeted for the first three months of the fiscal year. It is 92.6 % of the rounds recorded in Qi 2008 which ended up at 71,000 rounds for the year. If rounds played remain at 92.6% of the prior year, approximately 65,750 rounds will be recorded for this fiscal year. . • ~ Beg Fund Bal 2,354,749 Revenues 4,310,889 1,450,883 33.7% Oper & Maint Exp -3,626,254 -1,092,206 30.1 Net Income from Operations 684,635 358,677 Transfer Out to Debt Service -1,293,595 -1,088,519 Change in Fund bat X08,960 -729,842 Endin Fund bat 1,745,789 Lower Income Housing Fund 'A' The Lower Income Housing Fund is at 23.4% of budgeted revenues and 5.2% of expenditures with 75% of the year expended. Expenditures are only at 5.2% in part because administrative costs are charged to this fund at year end when actual cost information is available. . - . - • ~ Beginning Fund Balance 13,149,763 Revenues 1,418,631 331,467 23.4% Expenditures -993,140 -51,613 5.2% Change in Fund Balance 425,491 279,854 Ending Fund Balance 13,575,254 ~~' Good. Positive Indicator ~ Caution. Unsettled Indicator ~ Problem. Negative Indicator B-6