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Date: <br />To: <br />From: <br />Re:. <br />MEMORANDUM <br />October 19, 2009 <br />Gem Lake City Council <br />Jessie Hart, Treasurer <br />3rd. Quarter 2009 Financial Report <br />The year is already over three quarters complete. Through the 3rd quarter of the year <br />the General Fund revenues are above anticipated levels, while expenditures are slightly <br />below anticipated levels. Budgeted transfers to the City. Hall Construction Fund and <br />Sewer Funds areincluded as of January Vend were actually made in July with some <br />amendments to transfer an additional $100,000 to the Sewer Fund. Revenues are <br />slightly above 2008 revenues while expenditures are above 2008 expenditures due to <br />the increased transfer to the Sewer Fund. <br />Below are the General Fund's 3rd quarter/year-to-date revenue and expenditures for <br />2009: <br />Revenues. <br />Expenditures <br />$500,000 <br />$450;009 N <br />$400,900 <br />$350,000 <br />$300,000 - <br />$250.000 <br />$200,000 <br />$150,000 }... <br />i <br />$100,000 <br />$50,900 <br />JAN.1 .JAN. <br />2008 <br />3rd QTR (YTD' <br />$236,441 <br />$196, 0. 1 5 <br />2009 <br />Budget YTD <br />$253,964 <br />$387,013 <br />2009 <br />3rd QTR (YTD) <br />$256,9111. <br />$361,064 <br />2009 COMPARISON OF REVENUES TO EXPENSES <br />FEB: MAR. APR. MAY JUN. JUL. AUG. SEP. <br />09REVENUES—A--.09 EXPENSESj <br />% Received <br />Spent <br />101.16% <br />93.30% <br />OCT. NOV. DEC. <br />