ITEM:

ADMINISTRATIVE COMMITTEE

 

8.

RECEIVE AND FILE SECOND QUARTER FINANCIAL ACTIVITY REPORT FOR FISCAL YEAR 2015-2016

 

Meeting Date:

February 10, 2016

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 10, 2016 and recommended ____________.

CEQA Compliance:  N/A

 

SUMMARY:  The second quarter of Fiscal Year (FY) 2015-2016 came to a conclusion on December 31, 2015.  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 present the same information in a bar graph format.  The following comments summarize District staff's observations:

 

REVENUES

 

The revenues graph compares amounts received through the second quarter and conclusion of FY 2015-2016 to the amounts budgeted for that same time period.  Total revenues collected were $4,061,842, or 60.6% of the budgeted amount of $6,705,750.  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 $4,068,924 were about 60.7% of the budgeted amount of $6,705,750 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

 

 

 

 

 

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