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The City of |
Memo
To: Mayor and Council
From: Dedra Bates
Date: 10/31/2003
Re: Overview of Financial for August 2003
·
Bank reconciliation – The ending balance
of $467,197.13 is in our general operating account
·
Financial statements for fund 11, 51 AND 59 - as of August
2003
11 -GENERAL FUND
11 -GENERAL FUND
FINANCIAL SUMMARY
ANNUAL CURRENT Y-T-D % OF BUDGET
ACCT# ACCOUNT
NAME BUDGET PERIOD ACTUAL
BUDGET BALANCE
________________________________________________________________________________________________
REVENUE
SUMMARY
----------------
PROPERTY TAXES
640,000.00 1,268.82 639,991.39 100.00
8.61
OTHER TAXES
220,000.00 12,640.71 218,226.79 99.19 1,773.21
FINES & FORFEITURES 5,100.00 898.34 5,115.00 100.29
( 15.00)
LICENSES & PERMITS 265,000.00 20,840.00 263,119.58 99.29 1,880.42
FIRE DEPARTMENT REVENUE
21,000.00 2,353.85 21,578.38 102.75
( 578.38)
FEES AND SERVICE CHARGES
4,500.00 449.50 3,986.36 88.59 513.64
TRASH SERVICE
175,000.00 17,840.01 175,347.10 100.20
( 347.10)
INTERGOVERNMENTAL 14.00 0.00 14.00 100.00 0.00
MISCELLANEOUS REVENUES 133,000.00 1,363.22 125,913.65 94.67
7,086.35
TOTAL REVENUE
1,463,614.00 57,654.45 1,453,292.25 99.29
10,321.75
==============
==============
============== ====== ==============
EXPENDITURE
SUMMARY
--------------------
CITY COUNCIL
11,800.00 33.04 8,543.16 72.40 3,256.84
ADMINISTRATION
170,596.97 10,012.16 125,393.03 73.50
45,203.94
PUBLIC WORKS
142,781.39 10,983.75 111,609.29 78.17
31,172.10
PARKS DEPARTMENT 0.00 0.00 0.00 0.00 0.00
FIRE
141,660.00 28,366.54 127,240.69 89.82
14,419.31
NON-DEPART. EXPENDITURES 991,768.05 199,461.88 1,532,815.53 154.55 (
541,047.48)
TOTAL EXPENDITURES
1,458,606.41 248,857.37 1,905,601.70 130.65
( 446,995.29)
==============
============== ============== ======
==============
EXCESS REVS/EXPENDS
5,007.59 ( 191,202.92)
( 452,309.45) 32.48-
457,317.04
==============
==============
============== ====== ==============
51 -WATER ANNUAL CURRENT Y-T-D % OF BUDGET
ACCT# ACCOUNT
NAME BUDGET PERIOD ACTUAL BUDGET BALANCE
__________________________________________________________________________________________________
REVENUE
SUMMARY
----------------
FEES AND SERVICE CHARGES
1,120,000.00 221,794.78 1,119,579.34 99.96 420.66
MISCELLANEOUS REVENUES
0.00 0.00 0.00 0.00
0.00
TOTAL REVENUE 1,120,000.00 221,794.78 1,119,579.34 99.96
420.66
=============
==============
============== ====== ==============
EXPENDITURE
SUMMARY
--------------------
WATER UTILITIES
323,223.20 274,014.39 539,222.61 166.83
( 215,999.41)
DEBT SERVICES
451,029.00 0.00 555,911.00 123.25
( 104,882.00)
NON-DEPART. EXPENDS
0.00 0.00 0.00 0.00
0.00
TOTAL EXPENDITURES
774,252.20 274,014.39 1,095,133.61 141.44
( 320,881.41)
==============
==============
============== ====== ==============
EXCESS REVS/EXPENDS
345,747.80 ( 52,219.61) 24,445.73 7.07
321,302.07
==============
==============
============== ====== ==============
59 -DEBT SERVICES FUND
ANNUAL CURRENT Y-T-D % OF
BUDGET
ACCT# ACCOUNT
NAME BUDGET PERIOD ACTUAL BUDGET BALANCE
__________________________________________________________________________________________________
REVENUE
SUMMARY
----------------
PROPERTY TAXES 400,000.00 772.20 389,232.27 97.31
10,767.73
MISCELLANEOUS REVENUES
0.00 0.00 0.00 0.00
0.00
TOTAL REVENUE
400,000.00 772.20 389,232.27 97.31
10,767.73
==============
==============
============== ====== ==============
EXPENDITURE
SUMMARY
--------------------
DEBT SERVICES
391,714.00 0.00 296,744.17 75.76
94,969.83
TOTAL EXPENDITURES
391,714.00 0.00 296,744.17 75.76
94,969.83
==============
==============
============== ====== ==============
EXCESS REVS/EXPENDS
8,286.00 772.20 92,488.10 116.20
( 84,202.10)
==============
==============
============== ====== ==============
· Logic- As of August 31st the ending balance for General Fund was $290,196.69, Water 2002 $2,531,243.31, and Projects 2002 was $3,031,933.24.
· Lone Star- As of August 31st the ending balance was
o Water impact fee $ 112,616.09
o Road impact fee 1 $ 52,878.34
o Road impact fee 2 $258,987.32
o Road Impact fee 3 $ 140,941.19
o Water fund reserves $ 74,551.31
o Fire department donations fund $ 46,813.09
o Road Impact fee 4 $ 226,887.46
o General Fund $ 563,516.22