07-Deliberate on August monthlyu financial report

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payments of $3,254,372 made to date. Total Water & Sewer expenditures to date are 80.10% of budget if you include the appropriations and payments for debt. The City is 91.66% through the budget year. Departmental Expenditure Summary: At this point the City is 11 months or 91.66% 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 6 departments whose expenditures are over 91.66% at this time. 1. Police-93.56%. The overage amounts to $101,529 and is spread out over a number of line items including overtime, office supplies, fuel, communications, travel, and radio maintenance. 2. Traffic & Lighting-102.82%. The overage amounts to $48,372 and is due mainly to expenditures for electricity and contract labor. 3. EMS-93.42%. The overage amounts to $39,633 and is related primarily to overtime, fuel, medical supplies, communications, various maintenance line items, and the ambulance purchase. 4. Cox Field-93.22%. The overage amounts to $6,037 and is due to the airport maintenance. 5. Band-107.87%. The overage amounts to $3,378 and is due to the number of band participants and contracted sound system services. VCC has reimbursed the City $10,000 of these costs. 6. Waste Water Treatment Plant-95.24%. The overage amounts to $68,482 and is primarily due to chemical costs. In the Capital Projects Fund: 1. The City Council is at 109.79% of budget which is only $215 over budget. 2. Community Development is at 248.14% 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. 3. The Engineering Department is at 104.49% of its budget by purchasing a vehicle for that department. 4. Public Works is at 103.21% of budget which is only $160 over budget. 5. Solid Waste is at 101.40% due to purchasing all of its equipment for the year. 6. Street Department is at 97.35% of budget but has completed its equipment purchases. 7. The Traffic & Lighting Department is at 90.82% of budget due to a one-time vehicle purchase. 8. The Garage is at 98.67% of budget because it has made its only budgeted purchase of a vehicle 9. EMS is at 102.14% of budget since it has purchased all of its equipment for the year. 10. Library is at 109.79% of budget which is only $215 over budget. 11. Water Distribution is at 99.13% of budget because it has purchased its backhoe and dump truck as planned. 12. Sewer Maintenance is at 100.07% of budget due to vehicle purchases. 13. Waste Water Treatment Plant is at 100.62 due to purchase of pumps, Pista Grit system, and vehicles. In the Collegiate Drive related construction fund: 1. $499,808 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. _ _ _ 23