2009-11-10 CC Packet - Laserfiche WebLink

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Fund Balance Fund Balance: The City of Centerville began fiscal year 2009 with a General Fund balance of $1,157,515 and has since (1/1/09 through 10/31/09) incurred an excess of expenditures over revenues (net loss) of ($591,440) -- leaving the City of Centerville with a total General Fund balance of $566,075 at the end of October. Please note that this is a normal fund balance decline due to the fact that the next tax revenue receipt is not paid until November. Income Statement — General Fund Revenue Property Tax and State Grants: There was no activity in this classification during the month of October. Overall, property tax and state grant generated revenue is coming in at 46% of the year to date budget through the end of October. We anticipate receiving our next tax settlement in early November. Interest Earnings: The City has received $28,909 in interest revenue or 73% of the year to date budget. Administration: Administration revenue consists of mostly fees derived from the selling of liquor licenses. The City has received $6,730 in Administration revenue or 18% of the year to date budget. Police and Fire Aid: The City has received roughly $43,680 in Police and Fire Aid through the month of October or 22% 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 permits associated with building projects — plumbing, building, mechanical, and etc. The City has received roughly $76,935 in Building inspection revenue or 59% of the year to date budget. Overall, general fund revenues are running below budgeted amounts coming in at roughly 47% of the year to date budget through October. Again, this is mainly due to the uneven distribution of property tax revenue and other aids. Expenses General Government: General Government expenditures include Salaries / Benefits, Supplies and Purchased Services in conjunction with activities performed by the Mayor, four City Council Members and City Administration. General Government expenditures total roughly 381,836 or 65% of the year to date budget through October. 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 with Lino Lakes and Circle Pines funds the Centennial Fire District. Public Safety expenditures totaled roughly $833,464 or 69% of the year to date budget through October. Public Works: The City of Centerville Public Works department has four full time employees that work to maintain the City parks, streets and utility operations. Public Works expenditures totaled roughly $281,893 or 114% of the year to date budget through October. 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 $109263 or 83% of the year to date budget through October. Other: This classification consists of items associated with development and administrative transfers. Other expenditures totaled roughly $206,577 or 48% of the year to date budget through October. Overall, General Fund expenditures totaled roughly $1,813,033 through October or 70% of the year to date budget. Analysis Prepared By: Michael Jeziorski Finance Director City of Centerville miezi orski(&centervi I le mn. com