ITEM:

CONSENT CALENDAR

 

6.

RECEIVE AND FILE FOURTH QUARTER FINANCIAL ACTIVITY REPORT FOR FISCAL YEAR 2014-2015

 

Meeting Date:

October 19, 2015

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 October 12, 2015 and recommended approval.

CEQA Compliance:  N/A

 

SUMMARY:  The fourth quarter of Fiscal Year (FY) 2014-2015 came to a conclusion on June 30, 2015.  Table comparing budgeted and actual year-to-date revenues and expenditures for the period are included as Exhibit 6-A.  Exhibits 6-B and 6-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 and conclusion of FY 2014-2015 to the amounts budgeted for that same time period.  Total revenues collected were $9,979,629, or 83.3% of the budgeted amount of $11,977,134.  Variances within the individual revenue categories are described below:

 

 

EXPENDITURES

 

Expenditure activity as depicted on the expenditure table is similar to patterns seen in past fiscal years.  Total expenditures of $10,095,453 were about 84.3% of the budgeted amount of $11,977,134 for the period.  Variances within the individual expenditure categories are described below:

 

 

EXHIBITS

6-A      Revenue and Expenditure Table

6-B      Revenue Graph

6-C      Expenditure Graph

 

 

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