07-NOVEMBER 2012 FINANCIAL REPORT

Home Browse Search

Departmental Expenditure Summary: At this point the City is one month or 16.66% 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 17 departments whose expenditures are over 16.66% at this time. 1. City Council-30.43%. The overage amounts to $14,393 and is due to payment of annual association memberships and making an annual property and general liability insurance payment. The City chose to make one annual insurance payment instead of quarterly payments this year in order to take advantage of a 2.00% discount which amounted to $10,436 city wide. This annual payment will be reflected in all departments and will somewhat distort budget to actual comparisons. The overage is also due to a$4,505 payment to the Attorney General's office to review the 2012 Refunding Bond issue. This amount will be refunded from the bond proceeds in December. 2. City Manager-19.33%. The overage amounts to $9,235 and is due to November having three pay periods instead of the usual two. 3. Municipal Court-19.90%. The overage amounts to $7,520 and is due to the annual insurance payment and three pay periods in November. 4. City Clerk-17.60%. The overage amounts to $1,558 and is due to the third pay period in November. 5. Police-20.09%. The overage amounts to $183,901 and is due to payment of unemployment benefits, three November pay periods, purchase of minor apparatus, and the annual insurance payment. 6. Fire-19.24%. The overage amounts to $98,701 and is due to overtime, three November pay periods, minor apparatus, and the annual insurance payment. 7. Engineering-19.00%. The overage amounts to $10,925 and is due to three November pay periods and the annual insurance payment. 8. Public Works-18.30%. The overage amounts to $3,821 and is due to the three pay periods in November. 9. Streets-16.84%. The overage amounts to $2,770 and is mainly due to the annual insurance payment. 10. Traffic & Lighting-17.30%. The overage amounts to $3,462 and is due to the annual insurance payment and electrical cost. 11. Garage-19.62%. The overage amounts to $9,098 and is due to the three November pay periods, the annual insurance payment, and electronic data processing expenses. 12. EMS-19.08%. The overage amounts to $55,008 and is due to the three pay periods in November. 13. Library-21.14%. The overage amounts to $29,148 and is due to the three November pay periods, postage, and the annual insurance payment. 14. General Expenses-20.36%. The overage amounts to $58,987 and is due to increased hotel tax payments to the Chamber and a quarterly payment to the appraisal district. 15. Water Treatment Plant-17.11%. The overage amounts to $13,745 and is due to the three November pay periods and the annual insurance payment.