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07 - Monthly Financial Report
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07 - Monthly Financial Report
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Departmental Expenditure Summary: <br />At this point the City is nine months or 75.00% through the budget year. It is important to remember <br />that expenditures do not occur equally throughout the year. For example, capital expenditures and <br />b E <br />1, City Council -130,921. The overage amounts to $45,106. This overage is due mostly to expenses <br />related to the City Manager search and the TIRZ consultant. <br />1 EMS -93,940. The overage amounts to $494,571 and is primarily due to overtime, medical <br />supplies, equipment, and the purchase of an ambulance, <br />1 Airport -98,14%. The overage amounts to $34,454 and is due to maintenance work at the airport <br />(half of which will be reimbursed by the State). <br />4. Sanitation -79,23%. The overage amounts to $50,273 and is due to a sanitation truck purchase <br />made in 2019-20 that should have been made out of the 2018-19 budget. These trucks are <br />made after they are ordered and take months to complete. The truck was delivered too late to <br />be charged to the correct budget, <br />General comments to the City Council: <br />L Over 99% of all of the City operational activity takes place in the General Fund, the Water & <br />Sewer Fund, or the Sanitation Fund, The other funds are special purpose funds with limited <br />activity and usually with legal restrictions on what their money can be spent on. For that reason, <br />I normally only comment on the activity of the General Fund, Water & Sewer Fund, and the <br />Sanitation Fund. However, if circumstances merited it, I would make comment on activity in one <br />of the other funds, <br />2. 1 try to anticipate questions you might have about the report and comment on those points. <br />After you receive your packet and review the monthly report, if you have questions about the <br />report, please let the Manager know (or me if you can't reach the Manager) before the Council <br />meeting if possible in case I have to research the answer to your question, That does not <br />prevent you from asking the question at the meeting if you wish to make a point, but it does <br />help prevent questions coming up that I can't answer on the spot and possibly delaying the <br />Council in making a decision. <br />3. The activity of the Paris Economic Development Corporation is reflected in the monthly report. <br />This is a result of the City performing the bookkeeping functions for this agency. PEDC has its <br />own managing board, <br />
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