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21. The Airport Fund revenues are up 3.02% ($5,230) compared to last year. Expenditures are down 6.75% ($13,018) compared to last year. This leaves the airport with a $2,299 operating deficit after two months of operation and a $2,052 cash deficit. Departmental Expenditure Summary: At this point the City is two months or 16.66% 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 ten departments whose expenditures were over 16.66%. 1. City Council -21.39%. The overage amounts to $9,495 and was due to the City Manager search and the annual insurance payment. Community Development -18.70%. The overage amounts to $37,863 and was due to the purchase of two Conex storage boxes, annual insurance payment, and the purchase of a truck. 3. Streets -18.92%. The overage amounts to $37,201 and was due to the annual insurance payment, sidewalks & curbs, and the purchase of a truck. 4. Traffic & Public Lighting -20.74%. The overage amounts to $21,804 and was due to the construction of bus stops. 5. Library -19.81%. The overage amounts to $28,152 and was caused by insurance expenses and an upgrade to children's area. 6. General Expenses -24.00%. The overage amounts to $169,725 and was due to hotel tax payments to the chamber, and payments to the appraisal district. 7. Warehouse -17.05%. The overage amounts to $541 and was due to the annual insurance payment. 8. Water Distribution -17.21. The overage amounts to $11,320 and is due to annual insurance payment, electricity, and hydrants & valves. 9. Wastewater Treatment Plant -18.80%. The overage amounts to $57,938 and was due to insurance, permits, and chemical cost. 10. Airport -16.93%. The overage amounts to $2,964 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