07 - Financial Report - Laserfiche WebLink

Home Browse Search

Departmental Expenditure Summary: At this point the City is three months or 25.00% through the budget year. It is important to remember that expenditures do not occur equally throughout the year. For example, capital expenditures and association memberships are one time expenditures that if made early in the fiscal year can produce a distorted expenditure percentage. Within the General, Water & Sewer, Airport, and Sanitation Funds there was seven departments whose expenditures were over 25.00%. 1. City Attorney -26.04%. The overage amounts to $4,269 and was due to outside attorney fees. 2. Library -34.50%. The overage amounts to $80,112 and was caused by supplies, technical processing, annual insurance payment, travel, credit card fees, and maintenance agreement. 3. General Expenses & IT -27.22%. The overage amounts to $45,475 and was caused by payment to the health district, telephone, and office supplies. 4. Warehouse -25.09%. The overage amounts to $1,121 and was caused by the annual insurance payment and vehicle maintenance. 5. Water Billing -25.21%. The overage amounts to $6,259 and was caused by the purchase of a pickup truck. 6. Waste Water Treatment -25.29%. The overage amounts to $7,440 and was caused by purchase of a large pump. 7. Lift Stations -25.82%. The overage amounts to $12,201 and was caused by the construction of fencing, annual insurance payment, and stability pay. General comments to the City Council: 1. Over 99% of all of the City operational activity takes place in the General Fund, the Water & Sewer Fund, or the Sanitation Fund. The other funds are special purpose funds with limited activity and usually with legal restrictions on what their money can be spent on. For that reason, I normally only comment on the activity of the General Fund, Water & Sewer Fund, and the Sanitation Fund. However, if circumstances merited it, I would make comment on activity in one of the other funds. 2. 1 try to anticipate questions you might have about the report and comment on those points. After you receive your packet and review the monthly report, if you have questions about the report, please let the Manager know (or me if you can't reach the Manager) before the Council meeting if possible in case I have to research the answer to your question. That does not prevent you from asking the question at the meeting if you wish to make a point, but it does help prevent questions coming up that I can't answer on the spot and possibly delaying the Council in making a decision. 3. The activity of the Paris Economic Development Corporation is reflected in the monthly report. This is a result of the City performing the bookkeeping functions for this agency. PEDC has its own managing board.