ADMINISTRATIVE COMMITTEE

 

6.

RECEIVE AND FILE FOURTH QUARTER FINANCIAL ACTIVITY REPORT FOR FISCAL YEAR 2009-10

 

Meeting Date:

October 12, 2010

Budgeted: 

N/A

 

From:

Darby Fuerst,

Program/

N/A

 

General Manager

Line Item No.:

 

Prepared By:

Rick Dickhaut

Cost Estimate:

N/A

 

General Counsel Review:  N/A

Committee Recommendation:  The Administrative Committee reviewed this item on October 12, 2010 and recommended ____________.

CEQA Compliance:  N/A

 

SUMMARY:  Fiscal Year (FY) 2009-10 came to a conclusion on June 30, 2010.  Bar graphs comparing budgeted and actual year-to-date revenues and expenditures for the period are included as Exhibits 6-A and 6-B.  Exhibit 6-C presents the same information in a table format.  Please note that the final numbers for the fiscal year are subject to change as additional entries and/or adjustments may be made during the annual audit process which is currently under way.    The following comments summarize District staff's observations:

 

REVENUES

 

The revenues graph compares amounts received through the end of FY 2009-10 to the amounts budgeted for the FY.  Total revenues collected were $6,275,623, or 75% of the budgeted amount of $8,424,200.  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 $6,606,207 were about 78% of the budgeted amount of $8,424,200 for the year.  Variances within the individual expenditure categories are described below:

 

 

EXHIBITS

6-A      Revenue Graph

6-B      Expenditure Graph

6-C      Revenue and Expenditure Table

 

 

 

 

 

 

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