2009-09-09 CC Agenda - Laserfiche WebLink

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Fund Balance Fund Balance: The City of Centerville began fiscal year 2009 wnh a General Fund balance of $1,157,515 and has since (111109 through 8/31/09) incurred an excess of expendnures over revenues (net loss) of ($415,380)-1eaving the cny of Centerville wnh a total General Fund balance of $742,135 at the end of August. Please note that this is a normal fund balance due to the fael that the next tax revenue receipt is not paid until December. Income Statement - General Fund Revenue Property Tax and Stale Granta: There was no activity in this classification during the month of August. Overall, property tax and state grant generated revenue is coming in at 46% of the year to date budget through the end of August. . Administration: Administration revenue consists of mostly fees derived from the selling of liquor licenses. The City has received $5,743 in Administration revenue or 16% of the year to date budget. Police and Fire Aid: The cny has received roughly $37,000 in Police and Fire Aid through the month of August or 19% of the year to date budget. The City anticipates receiving the bull< of these aids during the month of November. Building Inspection: Building inspectiOn revenues are comprised of the various permits associated wnh building projects-plumbing, building, mechanical, and etc. The cny has received roughly 59,758 in Building inspection revenue or 46% of the year to date budget. Overall, general fund revenues are running below budgeted amounts coming in at roughly 45% of the year to date budget through August. Again, this is mainly due to the uneven distribution of property tax revenue and other aids. Expenses General Government: General Government expendnures include Salaries / Benefrts, Supplies and Purchased Services in conjunction wnh activnies pelformed by the Mayor, four cny Council Members and cny Administration. General Govemment expenditures total roughly 276,472 or 47% oflhe year to date budget through August. Public Safety: The City of Centerville has a joint powers agreement with Circle Pines and Lexington that funds the Centennial Lakes Police Department. A similar arrangement wnh Lino Lakes and Circle Pines funds the Centennial Fire District. Public Safety expendttures totaled roughly $665,300 or 55% of the year to date budget through August. Public Works: The cny of Centerville Public Works department has four full time employees that work to maintain the Ctty pall<s and utiltty operations. Public Works expenditures totaled roughly $196,657 or 80% of the year to date budget through August. Culture and Recreation: The Cunure and Recreation budget consists of expendttures incurred by the cny's committee, recreation programs, and the cny festival. Cunure and Recreation expendttures totaled roughly $96,522 or 73% of the year to date budget through August. Other: This classification consists of ttems associated wtth development and administrative transfers. Other expenditures totaled roughly $360,241 or 84% of the year to date budget through August. Overall, General Fund expenditures totaled roughly $1,595,194 through August or 61 % of the year to date budget. Analysis Prepared By: Michael Jeziorski Finance Director City of Centerville m iezlorski@centervillemn.com 50