ADMINISTRATIVE COMMITTEE

 

4.

RECEIVE AND FILE FIRST QUARTER FINANCIAL ACTIVITY REPORT FOR FISCAL YEAR 2007-08

 

Meeting Date:

January 15, 2008

Budgeted: 

N/A

 

From:

David A. Berger,

Program/

N/A

 

General Manager

Line Item No.:

 

Prepared By:

Rick Dickhaut

Cost Estimate:

N/A

 

General Counsel Approval:  N/A

Committee Recommendation:  The Administrative Committee reviewed this item on January 15, 2008 and recommended ____________________.

CEQA Compliance:  N/A

 

SUMMARY:  The first quarter of fiscal year 2007-08 came to a conclusion on September 30, 2007.  Bar graphs comparing budgeted and actual year-to-date revenues and expenditures for the period are included as Exhibits 4-A and 4-B.  Exhibit 4-C presents the same information in a table format.  The following comments summarize District staff's observations:

 

REVENUES

 

The revenues graph compares revenues received during the first quarter of fiscal year 2007-08 to the amounts budgeted for that same time period.  Revenues received during the first quarter of each fiscal year are typically considerably less than the amount budgeted. Total revenues collected were $853,340, or 50% of the budgeted amount of $1,713,675.  Variances within the individual revenue categories are described below:

 

 

EXPENDITURES

 

Expenditure activity as depicted on the expenditure graph is similar to patterns seen early in past fiscal years.  Total expenditures of $1,000,116 were about 47% of the budgeted amount of $2,130,625.  Variances within the individual expenditure categories are described below:

 

 

EXHIBITS

4-A      Revenue Graph

4-B      Expenditure Graph

4-C      Revenue and Expenditure Table

 

 

U:\staff\word\committees\Admin\2008\20080115\04\item4.doc