Memo - Second Quarter 2008 Financial and Investment ReportMEMORANDUM
Date: August 1, 2008
To: Mayor & City Council
From: Christine Harkess, Finance Director
FINANCE DEPARTMENT
Subject: Second Quarter 2008 Financial and Investment Report
Attached is the second quarter financial and investment report power point presentation. If you
have any questions in advance please contact me. A full presentation will be given at the council
meeting.
nues
• Taxes support 82% of general fund activities.
• Intergovernmental revenues support 4%
• Licenses, Permits & Fines support 7%
• Charges for Services support 2%
• Miscellaneous revenues including Franchise
fees support 3%
• Interest income supports 1 %
�- — GENfRALfHND REVENUES
% age of
Budget
Actual
Bud e
Taxes
$7,869,380
$3,750,429
47.6%
Intergovernmental
$ 440,510
$ 66,322
15.0%
Licenses, Permits &
Fines
$ 643,670
$ 380,346
59.0%
Charges for Services
$ 207,500
$ 130,438
62.9%
Miscellaneous
$ 303,200
$ 90,278
29.8%
Interest Income
$ 107.907
$ 52.024
48.2%
Total Revenues
$ 9,572,167
$4,469,837
46.7%
- General-- F-und - -- Overview
• At the end of 2nd quarter the year is 50%
expired.
• Revenues are at 46.7% of total budget
• Expenditures are at 47.8% of budget
d itu res
• Salaries and benefits make up 76% of GF
expenditures
• Materials, supplies and services make up 22%
• Transfers and Contingency make up 1 %
• Capital make up less than 1 %
1
Total Gener Fund E xpenditures
2nd Quarter - ( in thousands)
$4,000
$3,600
$3,000
'.
s2,600 02008
$2,000 a .
02007
4Ffi
s11,600 02006
:1,000
■ 2006
S SY Y:
$600
$a
Salaries Matuspis Capital
d itu res
- S - peci Revenge i<und
% age of
% age of
Budoet
Actual
Budget
General Government
$1,103,751
$ 554,386
50.2%
Community Services
$ 935,846
$ 402,026
43.0%
Public Safety
$4,836,860
$2,390,355
49.4%
Public Works
$2,017,671
$ 909,297
45.1%
Recreation
$ 527,039
$ 323,765
61.4%
Other
$ 151.000
$ 0
0%
Total Expenditures
$9,572,167
$4,579,829
47.8%
- S - peci Revenge i<und
Incr /(Decr)
% age of
Revenues
Budoet
Actual
Budoet
Chemical Assessment
$ 45,000
$ 31,232
69%
Economic Development
$ 262,168
$ 150,201
57%
Paratransit
$ 128,604
$ 52,556
41%
Housing Rehab
$ 78,358
$ 42,524
54%
Parking
$ 105,008
$ 41,142
39%
Cable TV
$ 168,825
$ 36,787
22%
Depot Coffee House
$ 114,222
$ 57,420
50%
Art Center
$660,670
$ 310,312
47%
d Expenditures
ds
r
Incr /(Decr)
Revenues
Expenses
Fund Balance
Water
$ 517,719
$ 681,685
$ (163,966)
Sewer
$ 732,443
$ 839,843
$ (107,400)
Refuse
$ 358,546
$ 365,217
$ ( 6,670)
Storm Sewer
$ 367,791
$ 212,684
$ 155,107
Pavilion
$ 178,148
$ 196,950
$ ( 18,802)
r
3
2008 2007 2006 2005