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CITY COUNCIL COMMUNICATION <br />AGENDA ITEM ___ <br />SUBJECT: FINANCIAL STATEMENTS FOR PERIOD ENDING MARCH 31, <br />2013 <br />DATE:APRIL 15, 2013 <br />PRESENTED BY: GRAHAM CLARK, FINANCE <br />SUMMARY: <br />The accompanying statements are for the three months (25%) ending March 31, 2013. <br />The 2012 numbers are unaudited. The annual audit begins April 22, 2013. Current <br />2013 budget amounts reflect the original budget from the 2012 City Council meetings. <br />General Fund: <br />Through March 31st, General Fund revenues exceed expenditures by $83,005. Total <br />revenue is 22% of the annual budget and expenditures are 21.5%. <br />Conservation Trust – Open Space & Parks: <br />Through March 31st, expenditures exceed revenues by $36,114. <br />Consumer/Auto/Building use tax is the biggest driver being 31.5% of total annual <br />budget. Total revenue is 18.5% of the annual budget and expenditures are 5.1%. <br />Capital Projects Fund: <br />st <br />Through March 31, revenues exceed expenditures by $1,335,151. Total revenue is <br />32.9% of the annual budget and expenditures are 1.7%. <br />Water Utility Fund: <br />Through March 31st, revenues exceed expenses by $1,742,369. Total revenue is <br />32.7% of the annual budget and expenses are 7.3%. <br />Wastewater Utility Fund: <br />Through March 31st, revenues exceed expenses by $480,054. Total revenue is 31.3% <br />of the annual budget and expenses are 6.4%. <br />CITY COUNCIL COMMUNICATION <br />13 <br />