ITEM:

CONSENT CALENDAR

 

5.

RECEIVE AND FILE FIRST QUARTER FINANCIAL ACTIVITY REPORT FOR FISCAL YEAR 2019-2020

 

Meeting Date:

November 18, 2019

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 13, 2019 and recommended approval.

CEQA Compliance:  This action does not constitute a project as defined by the California Environmental Quality Act Guidelines Section 15378.

 

SUMMARY:  The first quarter of Fiscal Year (FY) 2019-2020 concluded on September 30, 2019.  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 first quarter of FY 2019-2020 to the amounts budgeted for that same time-period.  Total revenues collected were $807,463, or 17.9% of the budgeted amount of $4,509,838.  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 $2,177,579 were about 48.3% of the budgeted amount of $4,509,838 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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