07-Deliberate on May monthly financial report

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1.30%. Miscellaneous revenues appear to be up only because they have not been offset by any major charge offs. 13. Total Water & Sewer Water revenue is down 2.19% from last year. This reflects the decreased water sales and the completion of reimbursements from the City of Irving last year. Water & Sewer revenues to date equal 62.41% of that budget. This percentage is behind the budget to date percentage of 66.66%. However, the upcoming summer months usually produce the highest water sales. 14. Total non-debt Water & Sewer expenses are 10.34% lower than this point last year and amount to 57.20% of the current budget not including the debt appropriations of $3,954,125 and debt payments of $2,757,872 made to date. Total Water & Sewer expenditures to date are 60.93% of budget if you include the appropriations and payments for debt. 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. Within the General and Water & Sewer Funds there are 3 departments whose expenditures are over 66.66% at this time. 1. Traffic & Lighting-75.16%. The overage amounts to $36,835 and is due mainly to expenditures for electricity. 2. EMS-68.50%. The overage amounts to $41,301 and related primarily to the purchase of a new ambulance. Waste Water Treatment Plant-69.33%. The overage amounts to $51,068 and is due to overtime, equipment maintenance, sludge removal, and development of the WWTP Master Plan. In the Capital Projects Fund: 1. Community Development is at 207.28% of its budget due to expenditures for the One Oak Apartments Project. This project was not specifically budgeted for but will come out of reserves. 2. The Engineering Department is at 104.49% of its budget by purchasing a vehicle for that department. 3. Sanitation Department is at 73.38% of its budget due to purchase of a loader and truck. 4. The Traffic & Lighting Department is at 86.65% of budget due to a one-time vehicle purchase. 5. The Garage is at 98.67% of budget because it has made its only budgeted purchase of a vehicle 6. EMS is at 102.14% of budget since it has purchased all of its equipment for the year. 7. Water Distribution is at 99.13% of budget because it has purchased its backhoe and dump truck as planned. 8. Sewer Maintenance is at 97.43% of budget due to vehicle purchases. In the Collegiate Drive related construction fund: 1. $478,358 has been spent for engineering, surveying, and issuance fees which will be reimbursed by the issuance of certificates of obligation. The bulk of this money went to TxDOT for the City's share of the portion of road that the State will be working on. 2 t 7