ITEM:

CONSENT CALENDAR

 

14.

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

 

Meeting Date:

June 18, 2007

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 June 7, 2007 and recommended approval.

CEQA Compliance:  N/A

 

SUMMARY:  March 31, 2006 marked the conclusion of the third 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 14-A and 14-B.  Exhibit 14-C presents the same information in a table format.  The following comments summarize District staff's observations:

 

REVENUES

 

The revenues graph compares revenues received through the third quarter of fiscal year 2006-07 to the amounts budgeted for that same time period.  Total revenues collected were $3,175,712, or 50% of the budgeted amount of $6,316,650.  Variances within the individual revenue categories are described below:

 

EXPENDITURES

 

Expenditure activity as depicted on the expenditure graph shows that total expenditures of $3,190,774 were about 51% of the budgeted amount of $6,316,650.  Variances within the individual expenditure categories are described below:

 

 

EXHIBITS

14-A    Revenue Graph

14-B    Expenditure Graph

14-C    Revenue and Expenditure Table

 

 

 

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