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Expenditures by T pe
<br />Budget YTD Actual
<br />Total Salaries Benefits
<br />Total Transportation/Training
<br />Total Repairs Maintenance
<br />Total Material, Supplies, Services
<br />Total Capital Outla
<br />Total Budget versus Actual
<br />Enterprise Funds
<br />Quarterly Financial Report
<br />Operating Budget
<br />Third Quarter of FY 2008 -09
<br />as of March 31, 2009
<br />67,326,883.00
<br />1, 626, 700.00
<br />2,069,646.00
<br />16,829,487.00
<br />770,850.00
<br />88,623,566
<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 />Water Operating Fund
<br />The Water Operating Fund is at 60.8% of budgeted revenues collected and 52.9%
<br />of expenditures. Only eight months of revenue have been recorded to date (due to
<br />beginning year accruals). With the warmer weather months still to be recorded and
<br />comparing the prior year revenue trend, it appears revenues for the current year
<br />are within target. Although expenses appear to be trending to less than budget,
<br />again, only eight months of Zone 7 payments have been recorded and the year -end
<br />interfund transfer out (budgeted at $1.3 million) has not been made. Transfers into
<br />the water fund of $704,419 reflect debt service payments from the CIP. The
<br />transfers out of the water fund are made at the end of the year and are expected to
<br />match the budget. Water rates are currently being reviewed and recommendations
<br />will be presented to City Council when available.
<br />Water Operating Fund
<br />Budget YTD Actual
<br />Beg Fund Bal
<br />Revenues
<br />Oper Maint Exp
<br />Net Income from Operations
<br />Net transfer Out to CIP
<br />Change in Fund bal
<br />Ending Fund bal
<br />10,120,734
<br />17,460,076
<br />18,507,783
<br />1,047,707
<br />1,656,735
<br />2,704,442
<br />7,416,292
<br />10,615,714
<br />9,791,319
<br />824,395
<br />704,149
<br />1,528,544
<br />60.8%
<br />52.9%
<br />5
<br />Good. Positive Indicator
<br />es
<br />Caution. Unsettled Indicator
<br />48,367,517.90
<br />1, 263, 217.83
<br />1,399,229.02
<br />9,714,305.01
<br />601,363.48
<br />61,345, 633
<br />Attachment 2
<br />71.8%
<br />77.7%
<br />67.6%
<br />57.7%
<br />78.0%
<br />69.2%
<br />Problem. Negative Indicator
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