Memo- First Quarter 2009 Financial & Investment ReportMEMORANDUM
Date: April 17, 2009
To: Mayor & City Council
From: Christine Harkess, Finance Director d 1k
FINANCE DEPARTMENT
Subject: First Quarter 2009 Financial and Investment Report
Attached is the first 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.
rview
At the end of 1 st Quarter -
• Revenues are at 23% of total budget
• Expenditures are at 20% of budget
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 %
N
GElt
VENUES
% age of
Budget
Actual
Budget
Taxes
$7,979,114
$1,995,511
25.0%
Intergovernmental
$ 698,010
$ 67,514
9.7%
Licenses, Permits &
Fines
$ 761,035
$ 179,712
23.6%
Charges for Services
$ 220,550
$ 106,860
48.5%
Miscellaneous
$ 311,000
$ 7,160
2.3%
Interest Income
$ 105,783
8,022
7.6%
Total Revenues
$10,075,492
$2,364,779
23.5%
nditures
• Salaries and benefits make up 78% of
GF expenditures
• Materials, supplies and services make up
32%
• Transfers and Contingency make up 0.1 %
• Capital is 0%
E
IH
nditures
Recreation Other
General Gvm't
Public Works
a
a•
v
e
i , ,
Community
Public Safety
Services
IH
GeneraVFundM"-Ex=p
nditures
% age of
Budget
Actual
Budget
General Government
$1,159,454
$ 194,525
16.78%
Community Services
$1,005,813
$ 175,594
17.46%
Public Safety
$5,138,366
$1,074,166
20.90%
Public Works
$2,139,947
$ 449,644
21.01%
Recreation
$ 543,382
$ 67,375
12.40%
Other
88,520
48,281
54.54%
Total Expenditures
$10,075,492
$2,009,585
19.95%
eneral Fund Expenditure Comparison
1St Quarter -(in thousands)
9
2009 2008 2001 2006
penditures
% age of
nds
REVENU
Budget
Actual
Actual
Budget
Chemical Assessment
$ 45,000
$
31,308
69.6%
Economic Development $ 277,063
$
681,644
246%
Paratransit
$ 126,949
$
21,348
16.8%
Housing Rehab
$ 92,273
$
19,516
21.2%
Parking
$ 104,898
$
17,142
16.3%
Cable TV
$ 209,909
$
21,673
10.3%
Depot Coffee House
$ 151,464
$
29,112
19.2%
Art Center
$ 659,557
$
146,710
22.2%
nds
REVENU
z
Budget
Actual
Water
$1,430,800
$ 262,745
18.36%
Sewer
1,797,000
383,896
21.36%
Refuse
897,030
203,062
22.64%
Storm Sewer
832,140
194,902
23.42%
Pavilion
362,100
137,337
37.93%
z
nds
EXPENDITURES
Cash & Inve
March 31,
• Bank Sweep Account
• Certificates of Deposit
• Government Securities
Total
gents
2009
$ 1,365,328
4,300,000
2,020,000
$ 7,685,328
7
Budget
Actual
Water
$1,157,369
$280,415
24.23%
Sewer
1,965,132
411,217
20.93%
Refuse
905,707
149,488
16.51%
Storm Sewer
443,573
122,237
27.56%
Pavilion
404,488
94,565
23.38%
Cash & Inve
March 31,
• Bank Sweep Account
• Certificates of Deposit
• Government Securities
Total
gents
2009
$ 1,365,328
4,300,000
2,020,000
$ 7,685,328
7
ings
2009 2008 2007 2006