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<br />COUNCILCOMMUNICATION <br />TO:MAYORANDCITYCOUNCIL <br />FROM:MALCOLMFLEMING,CITYMANAGER <br />DATE:JUNE 15,2010 <br />SUBJECT:FINANCIAL STATEMENTSFORTHE PERIOD ENDINGMAY 31,2010 <br />SUMMARY: <br />Theaccompanyingstatementsarefor thefirstfivemonths(41.67%)of2010.The2009 <br />revenuesandexpendituresarependingaudit(whichisnearingcompletion)andwillbeupdated <br />th <br />ifneeded.CurrentBudgetamountsreflecttheamendmentspassedin the April 6CityCouncil <br />meeting. <br />GeneralFund <br />st <br />ThroughMay31,GeneralFundrevenuesexceedexpendituresby$481,886.Totalrevenueis <br />42.0%ofannualbudgetandexpendituresis36.5%. <br />ConservationTrust–LandAcquisitionFund <br />st <br />ThroughMay31,revenuesexceedexpendituresby$75,936.Totalrevenueis34.1%ofannual <br />budgetandexpendituresis22.8%. <br />Capital ProjectsFund <br />st <br />ThroughMay31,revenuesexceedexpendituresby$563,885.Totalrevenueis21.5%of <br />annualbudgetandexpendituresis6.5%. <br />WaterUtilityFund <br />st <br />ThroughMay31,WaterFundexpensesexceedrevenuesby$1,366,591.Totalrevenueis <br />20.4%ofannualbudgetandexpensesis31.4%. <br />WastewaterUtilityFund <br />st <br />ThroughMay31,WastewaterFundexpensesexceedrevenuesby$585,770.Totalrevenueis <br />36.7%ofannualbudgetandexpensesis40.8%.Expensesincludeaninterfundtransferof <br />$772,972for thedefeasanceoftheGolfCoursegeneralobligationbonds. <br />FINANCIALSTATEMENTSFORTHE <br />SUBJECTAGENDA ITEM <br />PERIOD ENDINGMAY31,2010 <br /> <br />