ITEM:

CONSENT CALENDAR

 

5.

RECEIVE AND FILE FIRST QUARTER FINANCIAL ACTIVITY REPORT FOR FISCAL YEAR 2006-07

 

Meeting Date:

December 11, 2006

Budgeted: 

N/A

 

From:

David A. Berger,

Program/

N/A

 

General Manager

Line Item No.:

 

Prepared By:

 

Rick Dickhaut

Cost Estimate:

N/A

General Counsel Approval:  N/A

Committee Recommendation:  The Administrative Committee reviewed this item on December 1, 2006 and recommended approval.

CEQA Compliance:  N/A

 

SUMMARY:  September 30, 2006 marked the conclusion of the first quarter of fiscal year 2006-07.  Bar graphs comparing budgeted and actual year-to-date revenues and expenditures for the period are included as Exhibits 5-A and 5-B.  Exhibit 5-C presents the same information in a table format.  The following comments summarize District staff's observations:

 

REVENUES

 

The revenues graph compares revenues received during the first quarter of fiscal year 2005-06 to the amounts budgeted for that same time period.  Revenues received during the first quarter of each fiscal year are typically considerably less than the amount budgeted. Total revenues collected were $529,991, or 37% of the budgeted amount of $1,424,975.  Variances within the individual revenue categories are described below:

 

 

EXPENDITURES

 

Expenditure activity as depicted on the expenditure graph is similar to patterns seen early in past fiscal years.  Total expenditures were about 54% of the budgeted amount of $2,035,900.  Variances within the individual expenditure categories are described below:

 

 

EXHIBITS

5-A      Revenue Graph

5-B      Expenditure Graph

5-C      Revenue and Expenditure Table

 

 

 

 

 

 

 

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