Finance Committee Agenda and Packet 2010 09 20

Home Browse Search

COUNCIL COMMUNICATION TO: MAYOR AND CITY COUNCIL FROM: MALCOLM FLEMING, CITY MANAGER DATE: SEPTEMBER 20, 2010 SUBJECT: FINANCIAL STATEMENTS FOR THE PERIOD ENDING AUG 31, 2010 SUMMARY: The accompanying statements are for the first eight months (66.7 of 2010. The 2009 revenues and expenditures are final and have been audited. Current Budget amounts reflect the amendments passed in the April 6 th City Council meeting. General Fund Through August 31st, General Fund revenues exceed expenditures by $1,122,417. Total revenue is 71.9% of annual budget and expenditures is 60.2 Conservation Trust Land Acquisition Fund Through August 31st, revenues exceed expenditures by $116,848. Total revenue is 63.2% of annual budget and expenditures is 43.9 Capital Projects Fund Through August 31st, revenues exceed expenditures by $731,680. Total revenue is 37.6% of annual budget and expenditures is 15.3 Water Utility Fund Through August 31st, Water Fund expenses exceed revenues by $1,034,087. Total revenue is 55.8% of annual budget and expenses is 50.0 Wastewater Utility Fund Through August 31st, Wastewater Fund expenses exceed revenues by $658,523. Total revenue is 63.0% of annual budget and expenses is 59.3 Expenses include an interfund transfer of $775,472 for the defeasance of the Golf Course general obligation bonds. SUBJECT FINANCIAL STATEMENTS FOR THE AGENDA ITEM PERIOD ENDING AUGUST 31, 2010 15 i