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Observations: <br /> <br />1991 revenue and expenditure variances will be reviewed in great detail in our <br />annual report and future 1993 budget meetings but, in general, the favorable <br />impact to the General Fund Balance of $38,004 resulted from quick response to <br />changes in our revenue streams. <br /> <br />Of special note is the category of Other Financing Sources (Uses). This is the <br />impact of transfers in and out, from or to other funds. While in true finance <br />terms the budget variance is unfavorable, this can be misleading. The actual <br />variance is due to the fact that we did not transfer in funds or initiate the <br />transactions for: <br /> <br />Legal expenses for the Adult Bookstore budgeted from the <br /> Landfill Trust Fund but not authorized in 1991 <br />Two squads budgeted in 1991 from the Equipment Revolving <br /> Fund but actually purchased in 1990 and with funds <br /> transferred in 1990 <br />Funding of a Recycling Coordinator from the Landfill Tipping <br /> Fee Fund not authorized in 1991 <br />Funding for capital outlay for the Fire Department from the <br /> Landfill Trust Fund not used <br />Available funding for POST Board reimbursement exceeded <br /> budget by <br /> Net change in funds transferred in <br /> <br />$100,000 <br /> <br /> 28,900 <br /> 27,000 <br /> 25,655 <br /> <br /> f5,379) <br />$176,176 <br /> <br />In spite of the budgetary challenges of 1991, our Transfers Out to other funds <br />were on budget with $105,000 transferred to our equipment replacement funds. <br /> <br />Staff Recommendation: <br /> <br />None - for discussion only. <br /> <br />Review Checklist: <br /> <br />City Administrator <br />Finance Officer <br /> <br />COpies also distributed to: <br /> <br />City Engineer <br />Fire Chief <br />Police Chief <br />Public Works Supervisor <br />Administrative Coordinator <br />Personnel Coordinator <br /> <br />BC: 05/26/92 <br /> <br /> <br />