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<br />. <br />'. <br />. , <br /> j <br /> II. OTHER FUNDS: <br /> A. There was a minimal removal of diseased trees on private property in 1994. <br /> Accordingly, Shade Tree Fund (#224) expenditures in this category will be <br /> reduced. This is in turn will require a reduced operating subsidy by either the <br /> General Fund (#101) or Community Services Fund (#225) at year-end. <br /> B. The Program Fund (#226) continues to perform well in both the revenue and <br /> expenditure areas. Year-to-date Operating revenues of $92,740 compare <br /> favorably against budgeted operating revenues (T otalless budgeted operating <br /> subsidy of $43,300) of $87,800. Likewise, YTD expenditures of $98,050 <br /> compare favorable to annual budgeted expenditures of$13I,IOO. Together <br /> these two factors should require a substantially smaller operating subsidy <br /> than was budgeted. <br /> C. The $86,837 negative monthly expenditures in the PIR Fund (#501) reflect <br /> the pavement management allocated costs transferred out to the General Fund <br />. (#101) and the SWM Fund (#604). <br /> D. It should be noted that special assessment receipts in the November tax <br /> settlement were not accrued as receivables at 11/30194. The $145,703 in <br /> these receipts will flow through December activity on the cash basis. <br /> Affected funds are Diseased Tree (#224); Advance Refunding Bonds (#315); <br /> PIR (#507); and Recycling (#603). <br /> E. Enterprise Fund (#601, #602 and #604) revenues represent only nine months <br /> (111/94 - 9/30/94), while expenses reflect between ten and twelve months <br /> depending upon cost category. Fourth quarter billings will be issued about <br /> 1/13/95 and will be accrued as revenue at year-end. <br /> F $80,043 in Surface Water Management Fund (#604) monthly expenses <br /> represent a cost allocation from the PIR Fund (#501) for the pavement <br /> management program. Allocated costs represent "hard" contractor costs for <br /> storm sewer pipe, manhole .construction, concrete curbs and gutters and <br /> subsurface for edgedrains. <br /> If you have any questions on the above information or any other November financial data <br /> presented, do not hesitate to contact me. <br />. <br />