ADMINISTRATIVE COMMITTEE

 

6.

RECEIVE AND FILE FIRST QUARTER FINANCIAL ACTIVITY REPORT FOR FISCAL YEAR 2016-2017

 

Meeting Date:

November 7, 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 November 7, 2016 and recommended ____________.

CEQA Compliance:N/A

 

SUMMARY:The first quarter of Fiscal Year (FY) 2016-2017 came to a conclusion on September 30, 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 bar graph format. The following comments summarize District staff's observations:

 

REVENUES

 

The revenue table compares amounts received through the first quarter and conclusion of FY 2015-2016 to the amounts budgeted for that same time period.Total revenues collected were $240,793, or 7.7% of the budgeted amount of $3,140,163.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 $1,641,439 were about 52.3% of the budgeted amount of $3,140,163 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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