2010-09-22 CC Packet - Laserfiche WebLink

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Fund Balance 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 8/31/10) incurred an excess of expenditures over revenues of ($299,432)- 4eaving the City with a total General Fund balance of $931,892 at the end of August. 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 August. Overall, property tax generated revenue is at 52% of the year to date budget. Interest Earnings: The City has received $13,256 in interest revenue or 44% of the year to date budget through the month of August. Administration: Administration revenue consists of mostly fees derived from the selling of liquor licenses. The City has received $25,827 in Administration revenue or 87% of the year to date budget through the month of August. Police Aid: The City received $12,724 in Police associated revenue through the month of August or 19% of the year to date budget. Fire Aid: The City has not received any revenue in this classification through the month of August. 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 $29,486 in Building inspection revenue or 35% of the year to date budget. Overall, general fund revenues are coming in at roughly 45% of the year to date budget through August. 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 324,449 or 59% 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 $641,001 or 60% of the year to date budget through August. Public Works: Public Works expenditures include salaries / benefits associated with the departments four 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 $266,111 or 48% of the year to date budget through August. 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 $13,716 or 71 % 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 $10,934 or 33% of the year to date budget. Overall, General Fund expenditures totaled roughly $1,256,212 through August or 56% of the year to date budget. Analysis Prepared By: Michael Jeziorski Finance Director 29