Agenda Packet 06-23 - Laserfiche WebLink

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seven months of operation and a $17,401 cash deficit. There is a Ramp Grant deposit of $48,921 due to the airport that will cover this shortfall. Departmental Expenditure Summary: At this point the City is seven months or 58.33% 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 five departments whose expenditures were over 58.33%. 1. City Council -73.20%. The overage amounts to $29,821 and was due to the City Manager search and the annual insurance payment. 2. Public Works -63.52%. The overage amounts to $13,677 and was due to insurance expense, office supplies, and temp help. 3. Traffic & Public Lighting -59.22%. The overage amounts to $4,799 and was due to the construction of bus stops. 4. Library -58.63%. The overage amounts to $2,689 and was caused by minor apparatus, building maintenance, and the upgrade to children's area. 5. Water Distribution -59.00%. The overage amounts to $13,667 and was due to temp help, the annual insurance payment, water line maintenance, and fire hydrants & valves for the distribution system. 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.