2010-05-12 CC Packet - Laserfiche WebLink

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Fund Balance: The City of Centerville began fiscal year 2010 with a General Fund balance of $1,237,860 and has since (1/1/10 through 4/30/10) incurred an excess of expenditures over revenues (net loss) of ($571,797�—leaving the City with a total General Fund balance of $666,063 at the end of April. This is a normal fund balance decline given the City has yet to receive any Property Tax Revenue. Income Statement — General Fund Revenue Property Tax and State Grants: The City received no material revenue in this classification during the month of April. Overall, property tax generated revenue is at 0% of the year to date budget. The first tax settlement will be received in July. Interest Earnings: The City has received $8,464 in interest revenue or 28% of the year to date budget through the month of April. Administration: Administration revenue consists of mostly fees derived from the selling of liquor licenses. The City has received $22,854 in Administration revenue or 77% of the year to date budget through the month of April. Police Aid: The City received roughly $6,740 in Police Aid through the month of April or 10% of the year to date budget. Fire Aid: The City has not received any revenue in this classification through the month of April. 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 $19,703 in Building inspection revenue or 23% of the year to date budget. Overall, general fund revenues are coming in at roughly 3% of the year to date budget through April. 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 168,876 or 31 % of the year to date budget. 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 $338,137 or 32% of the year to date budget through April. 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 $121,647 or 22% of the year to date budget through April. 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 $4,179 or 22% of the year to date budget. Other: This classification consists of items associated with development, the city's recycling program and administrative transfers. Other expenditures totaled roughly $2,360 or 7% of the year to date budget. Overall, General Fund expenditures totaled roughly $635,199 through April or 29% of the year to date budget. Analysis Prepared By: Michael Jeziorski Finance Director