ITEM:

CONSENT CALENDAR

 

12.

RECEIVE AND FILE SECOND QUARTER FINANCIAL ACTIVITY REPORT FOR FISCAL YEAR 2013-2014

 

Meeting Date:

February 13, 2014

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 February 12, 2014; action taken by the Committee will be reported at the February 13, 2014 Board meeting.

CEQA Compliance:  N/A

 

SUMMARY:  The second quarter of Fiscal Year (FY) 2013-2014 came to a conclusion on December 31, 2013.  Table comparing budgeted and actual year-to-date revenues and expenditures for the period are included as Exhibit 12-A.  Exhibits 12-B and 12-C presents the same information in bar graph format.  The following comments summarize District staff's observations:

 

REVENUES

 

The revenue table compares amounts received through the second quarter to the amounts budgeted for that same time period.  Total revenues collected were $3,882,574, or 50.7% of the budgeted amount of $7,659,857.  Variances within the individual revenue categories are described below:

 

 

EXPENDITURES

 

Expenditure activity as depicted on the table is similar to patterns seen in past fiscal years.  Total expenditures of $4,008,748 were about 52.3% of the budgeted amount of $7,659,857 for the period.  Variances within the individual expenditure categories are described below:

 

 

EXHIBITS

12-A    Revenue and Expenditure Table

12-B    Revenue Graph

12-C    Expenditure Graph

 

 

 

 

 

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