2010-12-08 CC Packet - Laserfiche WebLink

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Fund Salance Fund Balance: The City of Centerville began fiscal year 2010 with a General Fund balance of $1,231,325 and has since (1/1/10 through 11/31/10) incurred an excess of expenditures over revenues of ($813,377�-leaving the City with a total General Fund balance of $417,948 at the end of November. Revenue / Expense Statement – General Fund Revenue Property Tax and State Grants: The City received roughly $862,673 in general levy dollars through the month of November. Overall, property tax generated revenue is at 52% of the year to date budget. The City will receive its next tax settlement payment on December 2, 2010. Interest Earnings: The City has received $15,525 in interest revenue or 53% of the year to date budget through the month of November. Staff anticipates receiving lower than budgeted amounts for 2090 given the decline in interest rates and funds left on hand to invest. Administration: Administration revenue consists of mostly fees derived from the selling of liquor licenses. The City has received $19,264 in Administration revenue or 65% of the year to date budget through the month of November. ' Police Aid: The City received $54,797 in Police associated revenue through the month of November or 80% of the year to date budget. i Fire Aid: The City received $101,711 in Fire Aid revenue through the month of ' November or 81 % of the year to date budget. Building Inspection: Building inspection revenues are comprised of the various permits I associated with building projects--plumbing, building, mechanical, and etc. The City has � received roughly $37,607 in Building inspection revenue or 45% of the year to date budget. Overall, general fund revenues are coming in at roughly 53% of the year to date budget through November. Expenses General Government: General Govemment expenditures include salaries / benefds, supplies and purchased services in conjunction with activities pertortned by the Mayor, four City Council Members and City Administration. General Govemment expenditures total roughly 443, 716 or 81 % of the year to date budget. Public Safety: The C'ity of Centerville has a joint powers agreement with Circle Pines and Lexington that funds the Centennial Lakes Police Department. A similar arrangement with Lino Lakes and Circle Pines funds the Centennial Fire District. Public Safety expenditures totaled roughly $981,555 or 92% of the year to date budget through November. Public Works: Public Works expenditures include salaries / benefits associated with the I departments five full time employees. This classification also captures expenditures of supplies and purchases services that are used to maintain the city parks and streets. Public Works ! expenditures totaled roughly $478,790 or 86% of the year to date budget through November. Engineering: General Fund Engineering expenses are those that do not get billed directly to a special project construction fund—Bonestroo. Engineering expenditures totaled roughly $6,878 or 344% of the year to date budget through November. Culture and Recreation: The Culture and Recreation budget consists of expenditures incurred by the City's committee, recreation programs, and the city festival. Culture and Recreation expenditures totaled roughly $15,923 or 82% of the year to date budget. Other: This classification consists of items associated with development and the city's recycling program. Other expenditures totaled roughly $12,042 or 36% of the year to date budget. Overall, General Fund expenditures totaled roughly $1,938,905 through November or 87% of the year to date budget. � Analysis Prepared By: Michael Jeziorski Finance Dlrectw �