ITEM:

CONSENT CALENDAR

 

4.

RECEIVE AND FILE SECOND QUARTER FINANCIAL ACTIVITY REPORT FOR FISCAL YEAR 2020-2021

 

Meeting Date:

February 25, 2021

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 February 10, 2021 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 second quarter of Fiscal Year (FY) 2019-2020 concluded on December 31, 2020.  Table comparing budgeted and actual year-to-date revenues and expenditures for the period are included as Exhibit

4-A.  Exhibits 4-B and 4-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 second quarter and conclusion of FY 2020-2021 to the amounts budgeted for that same time period.  Total revenues collected were $8,541,960, or 70.0% of the budgeted amount of $12,210,900.  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 $8,267,456 were about 67.7% of the budgeted amount of $12,210,900 for the period.  Variances within the individual expenditure categories are described below:

 

 

EXHIBITS

4-A      Revenue and Expenditure Table

4-B      Revenue Graph

4-C      Expenditure Graph

 

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