2009-10-14 CC Packet - Laserfiche WebLink

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Fund Balance Fund Balance: The Cijy of Centerville began fiscal year 2009 with a General Fund balance of $1,157,515 and has since (1/1/09 through 9/30/09) incurred an excess of expenditures over revenues (net loss) of ($384,746)--1eaving the City of Centerville with a total General Fund balance of $772,769 at the end of September. Please note that this Is a nonnal fund balance due to the fact that the next tax revenue receipt is not paid until December. Income Statement - General Fund Revenue Property Tax and State Grants: There was no activity in this classification during the month of September. Overall, property tax and state grant generated revenue is coming in at 46% of the year to date budget through the end of September. Interest Earnings: The City has received $28,909 in interest revenue or 72% of the year to date budget. Administration: Administration revenue consists of mostly fees derived from the selling of liquor licenses. The City has received $5,968 in Administration revenue or 16% of the year to date budget. Police and Fire Aid: The City has received roughly $38,440 in Police and Fire Aid through the month of September or 20% of the year to date budget. The City anticipates receiving the bulk of these aids during the month of November. Building Inspection: Building inspection revenues are comprised of the various pennits associated with building projects-plumbing, building, mechanical, and etc. The City has received roughly $69,050 in Building inspection revenue or 53% of the year to date budget. Overall, general fund revenues are runnin9 below budgeted amounts coming in at roughly 46% of the year to date budget through September. Again, this is mainiy due to the uneven distribution of property tax revenue and other aids. Expenses General Government: General Government expenditures inciude Salaries / Benefits, Supplies and Purchased Services in conjunction with activities performed by the Mayor, four City Council Members and City Administration. General Government expenditures totai roughly 325,209 or 56% of the year to date budget through September. Public Safety: The City of Centerville has a joint powers agreement with Cinele 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 $733,125 or 61 % of the year to date budget through September. Public Works: The City of Centerville Pubiic Works department has four full time employees that work to maintain the City parks and utility operations. Public Works expenditures totaled roughly $226,767 or 92% of the year to date budget through September. 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 totaied roughly $99,080 or 75% of the year to date budget through September. Other: This classification consists of items associated with development and administrative transfers. Other expenditures totaled roughly $205,954 or 48% of the year to date budget through September. Overall, General Fund expenditures totaied roughly $1,590,135 through September or 61 % of the year to date budget. Analysis Prepared By: Michael Jeziorski Finance Director City of Centerville mieziorski@centervlllemn.com