ITEM:

CONSENT CALENDAR

 

3.

RECEIVE AND FILE SECOND QUARTER FINANCIAL ACTIVITY REPORT FOR FISCAL YEAR 2022-2023

 

Meeting Date:

February 13, 2023

Budgeted: 

N/A

 

From:

David J. Stoldt,

Program/

N/A

 

General Manager

Line Item No.:

 

Prepared By:

Suresh Prasad

Cost Estimate:

N/A

 

General Counsel Review:  N/A

Committee Recommendation:  The Finance and Administration Committee reviewed this item on February 6, 2023 and recommended approval.

CEQA Compliance:  This action does not constitute a project as defined by the California Environmental Quality Act Guidelines Section 15378.

 

SUMMARY:  The second quarter of Fiscal Year (FY) 2022-2023 concluded on December 31, 2022.  Table comparing budgeted and actual year-to-date revenues and expenditures for the period are included as Exhibit 3-A.  Exhibits 3-B and 3-C presents the same information in bar graph format.  The following comments summarize District staff's observations:

 

REVENUES

 

The revenue table compares amounts received through the second quarter of FY 2022-2023 to the amounts budgeted for that same time-period.  Total revenues collected were $13,970,029, or 85.5% of the budgeted amount of $16,347,700.  Variances within the individual revenue categories are described below:

 


 

EXPENDITURES

 

Expenditure activity as depicted on the expenditure table is similar to patterns seen in past fiscal years.  Total expenditures of $11,202,360 were about 68.5% of the budgeted amount of $16,347,700 for the period.  Variances within the individual expenditure categories are described below:

 

 

EXHIBITS

3-A      Revenue and Expenditure Table

3-B      Revenue Graph

3-C      Expenditure Graph

 

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