ITEM:

ADMINISTRATIVE COMMITTEE

 

5.

RECEIVE AND FILE FIRST QUARTER FINANCIAL ACTIVITY REPORT FOR FISCAL YEAR 2010-11

 

Meeting Date:

February 16, 2011

Budgeted: 

N/A

 

From:

Darby Fuerst,

Program/

N/A

 

General Manager

Line Item No.:

 

Prepared By:

Rick Dickhaut

Cost Estimate:

N/A

 

General Counsel Review:  N/A

Committee Recommendation:  The Administrative Committee reviewed this item on February 16, 2011 and recommended ____________.

CEQA Compliance:  N/A

 

SUMMARY:  The first quarter of Fiscal Year (FY) 2010-11 came to a conclusion on September 30, 2010.  Bar graphs comparing budgeted and actual year-to-date revenues and expenditures for the period are included as Exhibits 5-A and 5-B.  Exhibit 5-C presents the same information in a table format.  The following comments summarize District staff's observations:

 

REVENUES

 

The revenues graph compares amounts received through the first quarter of FY 2010-11 to the amounts budgeted for that same time period.  The activity as depicted on the revenue graph is similar to patterns seen early in past fiscal years. Total revenues collected were $886,619, or 34% of the budgeted amount of $2,647,525.  Variances within the individual revenue categories are described below:

 

 

 

EXPENDITURES

 

Expenditure activity as depicted on the expenditure graph is similar to patterns seen in past fiscal years.  Total expenditures of $2,381,674 were about 90% of the budgeted amount of $2,647,525 for the period.  Variances within the individual expenditure categories are described below:

 

 

EXHIBITS

5-A      Revenue Graph

5-B      Expenditure Graph

5-C      Revenue and Expenditure Table

 

 

 

 

 

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