ITEM:

CONSENT CALENDAR

 

6.

RECEIVE AND FILE THIRD QUARTER FINANCIAL ACTIVITY REPORT FOR FISCAL YEAR 2011-2012

 

Meeting Date:

May 21, 2012

Budgeted: 

N/A

 

From:

David J. Stoldt,

Program/

N/A

 

General Manager

Line Item No.:

 

Prepared By:

Suresh Prasad

Cost Estimate:

N/A

 

General Counsel Review:  N/A

Committee Recommendation:  The Administrative Committee reviewed this item on May 14, 2012 and recommended approval.

CEQA Compliance:  N/A

 

SUMMARY:  The third quarter of Fiscal Year (FY) 2011-2012 came to a conclusion on March 31, 2012.  Bar graphs comparing budgeted and actual year-to-date revenues and expenditures for the period are included as Exhibits 6-A and 6-B.  Exhibit 6-C presents the same information in a table format.  The following comments summarize District staff's observations:

 

REVENUES

 

The revenues graph compares amounts received through the third quarter of FY 2011-2012 to the amounts budgeted for that same time period.  Total revenues collected were $2,604,382, or 41.5% of the year-to-date budgeted amount of $6,268,500.  Variances within the individual revenue categories are described below:

 

 

 

EXPENDITURES

 

Expenditure activity as depicted on the expenditure graph is similar to patterns seen in past fiscal years.  Total expenditures of $4,925,589 were about 78.6% of the year-to-date budgeted amount of $6,268,500 for the period.  Variances within the individual expenditure categories are described below:

 

 

EXHIBITS

6-A      Revenue Graph

6-B      Expenditure Graph

6-C      Revenue and Expenditure Table

 

 

 

 

 

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