Agenda Packet - Laserfiche WebLink

Home Browse Search

21. The Airport Fund revenues are up 15.39% ($44,469) compared to last year. Expenditures are up 3.53% ($12,215) compared to last year. This leaves the airport with a $24,579 operating deficit after four months of operation and a $7,975 cash deficit. Departmental Expenditure Summary: At this point the City is four months or 33.33% 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, and Airport Funds there were seven departments whose expenditures were over 33.33%. 1. City Council -52.02%. The overage amounts to $29,546 and was due to the City Manager search and the annual insurance payment. 2. Public Works -34.27%. The overage amounts to $2,487 and was due to insurance expense. 3. Traffic & Public Lighting -35.61%. The overage amounts to $12,225 and was due to the construction of bus stops. 4. Library -37.18%. The overage amounts to $34,319 and was caused by insurance expenses and upgrade to children's area. S. Water Billing -33.45%. The overage amounts to $3,892 and was due to software payments, annual insurance payment, and incorrect posting of a charge to this department. 6. Wastewater Treatment Plant -34.37%. The overage amounts to $28,315 and was due to insurance, permits, and audit fees. 7. Airport -33.58%. The overage amounts to $2,662 and was caused by the annual insurance payment, the ground power unit, and building maintenance. General comments to the City Council: Over 99% of all the City operational activity takes place in the General Fund, the Water & Sewer Fund, and the Airport 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 Airport Fund. However, if circumstances merited it, I would make comment on activity in one of the other funds. I attempt 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 me know before the Council meeting, if possible, in case I must 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 delay the Council in making a decision.