ADMINISTRATIVE COMMITTEE

 

11.

RECEIVE AND FILE SECOND QUARTER FINANCIAL ACTIVITY REPORT FOR FISCAL YEAR 2012-2013

 

Meeting Date:

February 20, 2013

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 20, 2013 and recommended ____________.

CEQA Compliance:  N/A

 

SUMMARY:  The second quarter of Fiscal Year (FY) 2012-2013 came to a conclusion on December 31, 2012.  Bar graphs comparing budgeted and actual year-to-date revenues and expenditures for the period are included as Exhibits 11-A and 11-B.  Exhibit 11-C presents the same information in a table format.  The following comments summarize District staff's observations:

 

REVENUES

 

The revenues graph compares amounts received through the second quarter of FY 2012-2013 to the amounts budgeted for that same time period.  Total revenues collected were $4,593,844, or 64.9% of the year-to-date budgeted amount of $7,081,100.  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 $3,212,466 were about 45.4% of the year-to-date budgeted amount of $7,081,100 for the period.  Variances within the individual expenditure categories are described below:

 

 

EXHIBITS

11-A    Revenue Graph

11-B    Expenditure Graph

11-C    Revenue and Expenditure Table

 

 

 

 

 

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