ITEM:

CONSENT CALENDAR

 

15.

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

 

Meeting Date:

June 17, 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 June 10, 2013 and recommended approval.

CEQA Compliance:  N/A

 

SUMMARY:  The third quarter of Fiscal Year (FY) 2012-2013 came to a conclusion on March 31, 2013.  Bar graphs comparing budgeted and actual year-to-date revenues and expenditures for the period are included as Exhibits 15-A, Exhibit 15-B, and Exhibit 15-C.  Exhibit 15-A presents the information in a table format while the other exhibits presents the same information in graphical format.  The following comments summarize District staff's observations:

 

REVENUES

 

The revenues graph compares amounts received through the third quarter of FY 2012-2013 to the amounts budgeted for that same time period.  Total revenues collected were $5,299,961, or 51.6% of the year-to-date budgeted amount of $10,272,450.  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 $4,582,566 were about 44.6% of the year-to-date budgeted amount of $10,272,450 for the period.  Variances within the individual expenditure categories are described below:

 

 

EXHIBITS

15-A    Revenue and Expenditure Table

15-B    Revenue Graph

15-C    Expenditure Graph

 

 

 

 

 

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