11 April 2009 Financial Report - Laserfiche WebLink

Home Browse Search

Departmental Expenditure Summary: At this point the City is 7 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. In this year's budget both stability pay and the Council authorized lump sum payment were made in November and are reflected in the departmental budgets. Within the General and Water & Sewer Funds there are 7 departments whose expenditures are over 58.33% at this time. This does not include the contingency line item which is discussed below. 1. Municipal Court-61.16%. The overage amounts to $6,387 and consists mainly of personnel costs, auditing expense, and travel expense. 2. Public Works-58.48%. The overage amounts to $211 and is made up of mainly office supplies. 3. Traffic & Lighting-59.47%. The overage amounts to $5,821 and is made up of mainly of electricity expense. 4. General & IT Expenses-63.11%. The overage amounts to $62,329 and consists mainly of increased payments of hotel taxes to the Chamber because of increased tax collections, the City's contribution to the Health Department, and expenditures for equipment. 5. Contingency-129.29%. The overage is due to the City's $393,520 forced repayment of the grant from the Office of Rural Community Affairs (Contract # 719068). 6. Warehouse-$60.19%. The overage amounts to $1,987 and consists mainly of personnel costs. There was a two week overlap in the warehouse supervisor position as one employee retired and the replacement employee came on board. There was also some vacation pay due the retiring employee in accordance with City policy. 7. Water Billing-61.79%. This overage amounts to $59,289 and is made up entirely of consultant fees related to the Pat Mayse water study. Expenses for this study are run through this department but were not specifically budgeted for so as not to artificially inflate that department's budget. Consultant expenses will be reimbursed by the City of Irving. 8. Water Production-63.05%. This overage amounts to $129,513 and is made up of mainly of chemical and electrical costs. General Fund expenditures to date total 56.059'0 of the budget while Water & Sewer Fund expenditures to date total 39.879'0 of the budget if you do not count debt payments made out of the various interest and sinking funds. When debt is included, Water & Sewer expenditures to date would be 69.23% of the budget. Most Water & Sewer debt is paid in December and this distorts the percentage of expenditures until later in the budget year. LUO63 !