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MEMORANDUM
<br />
<br />DATE;
<br />
<br />Jul)' 23, 1993
<br />
<br />Mike Auspos, Police Chief (#2211, #2250, #2270)
<br />Mark Boos, Parks/Utility Coordinator (#3326, #4520, #5612)
<br />Sylvia Frolik, Zoning Administrator (#1118, #1122, #1191)
<br />Mary Gomez, Senior Accountan! (#1153, #7101, All)
<br />Dave Griffin, Fire Chief (#2220)
<br />Jim Gromberg, Project Manager (#1112)
<br />Glyn Huff, Building Official (#2240)
<br />Steve Jankowski, City Engineer (#2240, #2260, #3301, #3311, #3312, #3326,
<br />#4520, #5612)
<br />Kay McAloney, Personnel Coordinator (All)
<br />Merle Mevissen, Public Works Supervisor (#2260, #3311, #3312, #3326,
<br />#4520, #5612)
<br />
<br />Ken Peterson, Finance Committee Chair (Interim Financial Report)
<br />Jim Gilbertson, Finance Committee (Interim Financial Report)
<br />Sheila Beyer, Finance Committee (Interim Financial Report)
<br />Glen Hardin, Finance Committee (Interim Financial Report)
<br />Gerry Zimmerman, Finance Committee (Interim Financial Report)
<br />Ryan Schroeder, City Administrator (Ail)
<br />
<br />FROM: Jessie L. Hart, Finance Officer (All)
<br />SUBJECT: 6/30/93 General Fund Expenditure and Interim Financial Reports
<br />
<br />Attached are copies of expenditure repons as of June 30, 1993, for the cost centers you oversee or
<br />the line items you assist in monitoring. The City Administrator, Finance Committee members and
<br />Department Heads have also received the General Fund Interim Financial Report.
<br />
<br />At June 30, 1993, expenditures exceeded revenues by $491,866. This due to the timing of property
<br />tax and state aid settlements. The first half of these payment for 1993 were not received until July.
<br />
<br /> The first half 1993 property tax settlement, which was received on July 6, 1993, amounted to
<br />51,420,978 and included current, delinquent and TIF monies. Of the total, $566,628 was allocable to
<br />t~ae General Fund. The first half 1993 state aids, which was received on July 21, 1993 totaled
<br />5395,464.00 and included Local Government Aid, HACA and Equalization Aid. All of this settlement is
<br />allocable directly to the General Fund.
<br />
<br />Total Licenses and Permits were at S181,315 as of June 30, 1993. This is $35,140 ahead of budget or
<br />124% and is attributable to building and related permits.
<br />
<br />Charges for Services were at 86% of budget at June 30, 1993. This is due, in part, to the ird'iux in
<br />plan check fees due to the extensive building taking place in the City.
<br />
<br />Court Fines are at $22,162 or 46% of the 1993 budget. The fines received through June 30, 1993
<br />reflect only five months worth of collections.
<br />
<br />Interest earnings will be allocated at the end of the year based on average cash balances across all
<br />funds. Total interest earnings at June 30, 1993 were $83,763.
<br />
<br />Total actual General Fund expenditures were 39% of budget at June 30, 1993. Most departments are
<br />at or below the normal 50% after 6 months. This due in part to the fact that emptyee and non-
<br />employee insurances are not allocated to each department until late in the fiscal year.
<br />
<br />
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