ITEM:

CONSENT CALENDAR

 

7.

RECEIVE AND FILE FIRST QUARTER FINANCIAL ACTIVITY REPORT FOR FISCAL YEAR 2012-2013

 

Meeting Date:

January 30, 2013

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 January 18, 2013 and recommended approval.  

CEQA Compliance:  N/A

 

SUMMARY:  The first quarter of Fiscal Year (FY) 2012-2013 came to a conclusion on September 30, 2012.  Bar graphs comparing budgeted and actual year-to-date revenues and expenditures for the period are included as Exhibits 7-A and 7-B.  Exhibit 7-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 first quarter and conclusion of FY 2012-2013 to the amounts budgeted for that same time period.  Total revenues collected were $394,230, or 11.1% of the budgeted amount of $3,540,550.  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 $1,072,500 were about 30.3% of the budgeted amount of $3,540,550 for the period.  Variances within the individual expenditure categories are described below:

 

 

EXHIBITS

7-A      Revenue Graph

7-B      Expenditure Graph

7-C      Revenue and Expenditure Table

 

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