ADMINISTRATIVE COMMITTEE

 

5.

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

 

Meeting Date:

November 6, 2017

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 6, 2017 and recommended ____________.

CEQA Compliance:  N/A

 

SUMMARY:  The fourth quarter of Fiscal Year (FY) 2016-2017 concluded on June 30, 2017.  Table comparing budgeted and actual year-to-date revenues and expenditures for the period are included as Exhibit 5-A.  Exhibits 5-B and 5-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 fourth quarter and conclusion of FY 2016-2017 to the amounts budgeted for that same time-period.  Total revenues collected were $10,557,512, or 80.9% of the budgeted amount of $13,042,545.  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 $9,248,774 were about 70.9% of the budgeted amount of $13,042,545 for the period.  Variances within the individual expenditure categories are described below:

 

 

EXHIBITS

5-A      Revenue and Expenditure Table

5-B      Revenue Graph

5-C      Expenditure Graph

 

 

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