07-DECEMBER 2012 FINANCIAL REPORT

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Departmental Expenditure Summary: At this point the City is three months or 25.00% 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 11 departments whose expenditures are over 25.00% at this time. 1. City Council-36.05%a. The overage amounts to $11,551 and is mainly 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. 2. City Manager-27.56%. The overage amounts to $8,835 and is due to November having three pay periods instead of the usual two and some new furniture purchases. 3. Municipal Court-29.34%. The overage amounts to $10,053 and is due to the annual insurance payment and three pay periods in November. 4. Police-28.45%. The overage amounts to $184,537 and is due to payment of unemployment benefits, three November pay periods, purchase of minor apparatus, building & grounds maintenance, maintenance agreements, and the annual insurance payment. 5. Fire-26.74%. The overage amounts to $66,691 and is due to overtime, three November pay periods, minor apparatus, promotional exams, building maintenance, and the annual insurance payment. 6. Engineering-26.49%. The overage amounts to $6,945 and is due to three November pay periods and the annual insurance payment. 7. Public Works-25.28%. The overage amounts to $655 and is due to the three pay periods in November and phone expenses. 8. Traffic & Lighting-25.51%o. The overage amounts to $2,751 and is due to the annual insurance payment and electrical cost. 9. Garage-26.66%. The overage amounts to $5,108 and is due to the three November pay periods, the annual insurance payment, utility costs, and electronic data processing expenses. 10. EMS-25.88%. The overage amounts to $19,893 and is due to the three pay periods in November, the annual insurance payment, furniture, and associations. 11. Library-28.75%. The overage amounts to $24,362 and is due to the three November pay periods, postage, books, technical processing, building maintenance, and the annual insurance payment.