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GENERAL FUND INTERIM FINANCIAL REPORT <br />AS OF MAY 31, 1992 <br />By: Sandra Ashley Helllng, Finance Officer <br /> <br />Case #10 <br /> <br />ir <br /> <br />Backgrour, nd:;. <br /> <br />Enclosed ~ith;~ the Council agenda packet is the General Fund Interim Financial <br />Report as !of M,_ay 31, 1992. <br />Observationi: <br />The 1992[~'bud. get column of this report does not reflect the Budget Amendment <br />adopted I~.ayril2, 1992 due to a minor technicality. This amendment created a <br />"pool" for ~rai~ing expenditures, and we have not yet determined a reasonable way <br />to enter trhiS :adjustment within the constraints of the Fund and Budget software. <br />But we will, a.hd the report tor June 30, 1992 will reflect same. <br /> <br />Revenue <br /> <br />Total taxe~ will look a lot better after we receive the June settlement on July 6, <br />1992. LiC:Et~n~ se~ and permits are at 78% of budget - note building permits are at <br />81%. Inte~oV~rnmental revenue will also resemble the budget after the first half <br />is receiv~ ip July. Charges for services at 54% of budget is significantly <br />impacted ~y tge plan check fees. We look to billing of staff and engineering time <br />to increaS~ n~w that construction time is here. Revenues generally continue on <br />budget. <br /> <br />General g,.,pver~nment expenditures are at 36% of budget, pubhc safety at 35%, <br />public worlds alt 28%, Park and Recreation at 25% and capital outlay is at 8%. Total <br />expenditur~ts f~r the General Fund are well within budget at 30%. <br />In summa~ <br /> <br />There are ~ot rs~gnflcant variances from budget as of May 31, 1992, and no leading <br />indicators iof i~uture 1992 variances. <br /> <br />Budget ~omi'nittee Action: <br /> <br />None - for!' disCussion only. <br />Review ~he~kllst: <br />City ^dmlnist~rator <br />Finance OifflC~rr <br />BC: 06/23¢92 <br /> <br /> <br />