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6 � Information Technology Fund Summary <br /> 6'1'3 The following table depicts the 2011 financial activity for the Information Technology Fund for the fiscal <br /> 64 period ending September 30, 2011 (unaudited). <br /> 65 <br /> 2011 2011 % % <br /> Buffet Actual Actual Expect. Diff. <br /> Revenues <br /> Charges for services $ 747,585 $ 48107 64.5% 71.0% -6.5% <br /> General property taxes 5000 25,257 50.5% 50.1% 0.4% <br /> Rentals/Lease 309,055 315,777 102.2% 88.3% 13.9% <br /> Miscellaneous 56,950 - 0.0% 10.1% -10.1% <br /> Total Revenues $1,163,590 $ 822,901 70.7% 68.7% 2.1% <br /> Expenditures <br /> Information technology 1,163,590 794,849 68.3% 68.7% -0.4% <br /> Other - - n/a n/a n/a <br /> 66 Total Expenditures $1,163,590 $ 794,849 68.3% 68.7% -0.4% <br /> 67 <br /> 63, Comments: <br /> 69 Information Technology revenues and expenditures were near expected levels. <br /> 7(,) <br /> 7 1 The Information Technology Fund is expected to continue to face challenges in meeting unmet citywide <br /> "72 needs. Current funding sources are insufficient to replace city equipment at the end of their useful lives. In <br /> 7,:3� addition,the Fund has no cash reserves rendering it unable to provide for any new initiatives. A computer <br /> 74 replacement charge to other funds may be recommended with the 2013 or 2014 Budget to improve the <br /> 7,5 Fund's financial stability. <br /> 76 <br /> "7"7 <br /> Page 4 of 13 <br />