08-May 2009 Financial Report - Laserfiche WebLink

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16. Total Water & Sewer Water revenue is up 4.7% over last year. Water & Sewer revenues to date equal 64.08% of that budget. This percentage is behind the budget to date percentage of 66.66Yo, but the summer months produce the highest revenues of the year. Unless we have a wet summer, revenues should produce the expected results. 17. Total Water & Sewer expenses are 13.9% higher than last year and amount to 66.9% of the current budget when debt payments are included. Budget to date expenditures would be 66.66%. Departmental Expenditure Summary: At this point the City is 8 months or 66.66% 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. 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 6 departments whose expenditures are over 66.66% at this time. This does not include the contingency line item which is discussed below. 1. Municipal Court-68.08%. The overage amounts to $3,205 and consists mainly of personnel costs, auditing expense, and travel expense. 2. Traffic & Lighting-67.24%. The overage amounts to $2,928 and is made up of mainly of electricity expense. 3. General & IT Expenses-73.50%. The overage amounts to $89,178 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. 4. 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). 5. Warehouse-67.82%. The overage amounts to $1,232 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. 6. Water Billing-69.28%. This overage amounts to $44,861 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. 7. Water Production-70.35%. This overage amounts to $101,302 and is made up of mainly of chemical and electrical costs. SPECIAL NOTES: 1. In the Capital Projects Fund, the $121,765 Police related expenditures were made in connection to the CAD-Mobile Data Project. This project was approved several years ago but the approved funds are not reflected in the current budget. None of the items budgeted in the $20,000 amount have been purchased at this point. 2. In the Capital Projects Fund, Community Development expenditures for the Casa Bonita project total $437,156 and there were $99,677 in demolition expenditures. 3. In the Capital Projects Fund, there has been $47,783 spent for street repairs and $14,512 spent as part of the street sign upgrade. m• u 0 0 01 2 _1L