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07-June monthly financial report
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07-June monthly financial report
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CITY CLERK
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Departmental Expenditure Summary: <br />At this point the City is nine months or 75.00% through the budget year. It is important to remember <br />that expenditures do not occur equally throughout the year. For example, capital expenditures and <br />association memberships are one time expenditures that if made early in the fiscal year can produce a <br />distorted expenditure percentage. Within the General and Water & Sewer Funds there are four <br />departments whose expenditures are over 75.00% at this time. <br />1. City Council-79.43%. The overage amounts to $4,939 and is due to elevator repairs, drapery <br />repairs in council room, public relations fees, and election expenses. <br />2. City Manager-87.03%. The overage amounts to $35,570 and is due to the settlement agreement <br />reached with the Manager. <br />3. EMS-76.79%. The overage amounts to $38,422 and is mostly due to operating supplies, fuel, and <br />maintenance costs. <br />4. Cox Field-92.28%. The overage amounts to $19,589 and is due to the additional TXDOT match <br />requirement on the airport runway grant. <br />General comments to the City Council: <br />1. Over 99% of all of the City operational activity takes place in the General Fund or the Water and <br />Sewer Fund. The other funds are special purpose funds with limited activity and usually with <br />legal restrictions on what their money can be spent on. For that reason, I normally only <br />comment on the activity of the General Fund and Water & Sewer Fund. However, if it were <br />needed, I would make comment on activity in one of the other funds. <br />2. I try to anticipate questions you might have about the report and comment on those points. <br />After you receive your packet and review the monthly report, if you have questions about the <br />report, please let the Manager know (or me if you can't reach the Manager) before the Council <br />meeting if possible in case I have to research the answer to your question. That does not <br />prevent you from asking the question at the meeting if you wish to make a point, but it does <br />help prevent questions coming up that I can't answer on the spot and possibly delaying the <br />Council in making a decision. <br />3. The activity of the Health Department and Paris Economic Development Corporation is reflected <br />in the monthly report. This is a result of the City performing the bookkeeping functions for both <br />of these groups. Both groups have their own managing board. <br />_y- 15 <br />
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