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COUNCIL COMMUNICATION <br />TO: MAYOR AND CITY COUNCIL <br />FROM: MALCOLM FLEMING, CITY MANAGER <br />DATE: JUNE 16, 2010 <br />SUBJECT: REVENUE TREND DASHBOARD – JUNE 15, 2010 PROJECTIONS <br />ORIGINATING <br />DEPARTMENT: FINANCE <br />SUMMARY: <br />Attached are copies of two revenue trend “dashboards” with projections for 2010 dated June <br />15, 2010. <br />The first dashboard contains all City revenue sources greater than $100,000. For each <br />revenue source, a 2010 trend (projection) is compared to the 2010 budget and to the 2009 <br />actual amount. Variances are expressed in both dollar amounts and percentages. Positive <br />variances exceeding $100,000 and/or 5% are colored in green. Negative variances exceeding <br />$100,000 and/or 5% are colored in red. <br />The second dashboard is the same as the first, but contains only General Fund revenue <br />sources. This dashboard also includes the latest projection of total General Fund revenue. <br />Projections are based on amounts actually received during the first five months of the year. <br />Therefore, these projections are still subject to substantial revision as we move through the <br />year. <br />Total General Fund Revenue for 2010 is currently projected at $13,226,370. This represents a <br />$529,920 (4.2%) positive variance from the amended 2010 budget but only an $81,601 (0.6%) <br />positive variance from 2009 actual. <br />Through the first five months of the year, water user fees are trending down from 2009 by <br />nearly 15%. Keep in mind that water user fees for 2009 were down 19% from 2008. The <br />continued revenue decline in 2010 correlates almost exactly with the flow from storage (FFS) <br />statistics monitored by the Public Works Department. <br />SUBJECT AGENDA ITEM <br />Revenue Trend Dashboard <br />June 15, 2010 Projections <br />