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Date: <br />To: <br />From: <br />Re:, <br />MEMORANDUM <br />July 16, 2009 <br />Gem Lake City Council <br />Jessie Hart, Treasurer <br />2nd Quarter 2009 Financial Report <br />The year is half over already. Through the 2nd quarter of the year the General Fund. <br />revenues are above anticipated levels, while expenditures are slightly below anticipated <br />levels. Budgeted transfers to the City Hall Construction Fund and Sewer Funds are <br />included as of January `lst. Revenues are below 2008.revenues while expenditures are <br />above 2008 expenditures. <br />Below are the General Fund's 21'd quarter/year-to-date revenue and expenditures for <br />2009: <br />Revenues <br />Expenditures <br />5500,000 <br />$450,DD0 <br />$400.000 <br />$350.00O. - <br />$300:000 . • <br />S250,000 i <br />s2OD,flao <br />$15D,00o • <br />$100,000 t <br />550,000 <br />so <br />J.01:1 JAN. FEB. <br />2008 <br />2nd QTR (YTD) <br />$209,243 <br />$135,593 <br />2009 <br />Budget YTD <br />$184,268 <br />$280,751 <br />2009 <br />2nd QTR SYTD) <br />$202,675 <br />$142,254 <br />2009 COMPARISON OF REVENUES TO EXPENSES <br />t. <br />MAR. APR- MAY JUN. JUL. <br />AUG. Sep. <br />f o-09REvENUES EXPENSES) <br />% Received <br />Spent <br />109.99% <br />5a:.66% <br />RCT, NOV. DEC, <br />