ADMINISTRATIVE COMMITTEE

 

6.

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

 

Meeting Date:

May 9, 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 May 9, 2016 and recommended ____________.

CEQA Compliance:  N/A

 

SUMMARY:  The third quarter of Fiscal Year (FY) 2015-2016 came to a conclusion on March 31, 2016.  Table comparing budgeted and actual year-to-date revenues and expenditures for the period are included as Exhibit 6-A. Exhibits 6-B and 6-C presents 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 $5,311,338, or 52.8% of the budgeted amount of $10,058,625.  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 $6,575,879 were about 65.4% of the budgeted amount of $10,058,625 for the period.  Variances within the individual expenditure categories are described below:

 

 

EXHIBITS

6-A      Revenue and Expenditure Table

6-B      Revenue Graph

6-C      Expenditure Graph

 

 

 

 

 

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