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COUNCILCOMMUNICATION <br />TO:MAYORANDCITYCOUNCIL <br />FROM:MALCOLMFLEMING,CITYMANAGER <br />DATE:OCTOBER18,2010 <br />SUBJECT:FINANCIAL STATEMENTSFORTHE PERIOD ENDING SEP30,2010 <br />SUMMARY: <br />Theaccompanyingstatementsarefor thefirstninemonths(75.0%)of2010.The2009 <br />revenuesandexpendituresarefinalandhavebeenaudited.Current Budgetamountsreflect <br />th <br />theamendmentspassedinthe April 6CityCouncilmeeting. Asrequestedby theFinance <br />Committee,financialstatementsareprovidedforallfundsbecauseitisaquarterend. <br />GeneralFund <br />ThroughSeptember30th,GeneralFundrevenuesexceedexpendituresby$1,013,630.Total <br />revenueis78.7%ofannualbudgetandexpendituresis67.5%. <br />ConservationTrust–LandAcquisitionFund <br />ThroughSeptember30th,revenuesexceedexpendituresby$86,064.Totalrevenueis71.5% <br />ofannualbudgetandexpendituresis53.0%. <br />Capital ProjectsFund <br />ThroughSeptember30th,expendituresexceedrevenuesby$267,930.Totalrevenueis42.5% <br />ofannualbudgetandexpendituresis34.1%. <br />WaterUtilityFund <br />ThroughSeptember30th,WaterFundexpensesexceedrevenuesby$663,249.Totalrevenue <br />is70.5%ofannualbudgetandexpensesis54.6%. <br />WastewaterUtilityFund <br />ThroughSeptember30th,WastewaterFundexpensesexceedrevenuesby$625,289.Total <br />revenueis71.7%ofannualbudgetandexpensesis63.7%.Expensesincludeaninterfund <br />transferof$775,472for thedefeasanceofthe GolfCoursegeneralobligationbonds. <br />FINANCIALSTATEMENTSFORTHE <br />SUBJECTAGENDA ITEM <br />PERIOD ENDINGSEPTEMBER30,2010 <br />