ITEM:

CONSENT CALENDAR

 

8.

RECEIVE AND FILE THIRD QUARTER FINANCIAL ACTIVITY REPORT FOR FISCAL YEAR 2016-2017

 

Meeting Date:

May 15, 2017

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 8, 2017 and recommended approval.

CEQA Compliance:N/A

 

SUMMARY:The third quarter of Fiscal Year (FY) 2016-2017 concluded on March 31, 2017.Table comparing budgeted and actual year-to-date revenues and expenditures for the period are included as Exhibit 8-A. Exhibits 8-B and 8-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 third quarter and conclusion of FY 2016-2017 to the amounts budgeted for that same time-period.Total revenues collected were $5,133,374, or 52.5% of the budgeted amount of $9,781,909.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 $6,531,715 were about 66.8% of the budgeted amount of $9,781,909 for the period.Variances within the individual expenditure categories are described below:

 

 

EXHIBITS

8-A††††† Revenue and Expenditure Table

8-B††††† Revenue Graph

8-C††††† Expenditure Graph

 

 

file:///U:\staff\Boardpacket\2017\20170515\ConsentClndr\08\Item-8.docx