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106 Information Technology Fund Summary <br />1 ('_'Y7 The following table depicts the 2008 financial activity for the Information Technology Fund for the fiscal <br />I <br />1 4 period ending June 30, 2008 (unaudited). <br />1 ("_)9 <br />Total Expenditures $ 822.1100 $ 372.1269 45.3% 65.8% -20.5% <br />11' <br />Comments.- <br />112 Information Technology revenues and expenditures were lower than budgeted amounts. Notable <br />113 exceptions include.- <br />114 <br />115 1), Charges for services revenues were lower than budgeted due to timing differences of when we <br />116 billed other cities for their share of IT support costs. <br />11 "7 2), Miscellaneous revenues include transfers from surplus monies from the License Center which are <br />11 not expected to be made until the 4th quarter. <br />119 3), Expenditures have been purposely withheld to help offset higher-than-expected expenditures in <br />120 prior years. <br />121 <br />122 The Information Technology Fund is expected to continue to face challenges in meeting unmet citywide <br />123 needs. Current funding sources are insufficient to replace city equipment at the end of their useful lives. In <br />124 addition,, the Fund has no cash reserves rendering it unable to provide for any new initiatives. A larger <br />125 dedicated property tax for IT-related expenditures will be recommended for the 2009 Budget. <br />12 6 <br />Page 5 of 15 <br />2008 <br />2008 <br />% <br />% <br />Budget <br />Actual <br />Actual <br />E <br />Diff. <br />Revenues <br />Charges for services <br />396.1620 <br />153.1818 <br />38.8% <br />43.0% <br />-4.2% <br />General prop erty taxes <br />50.1000 <br />-1 <br />0.0% <br />n/a <br />n/a <br />Rentals / Lease <br />251.1880 <br />154.1702 <br />61.4% <br />65.3% <br />-3.8% <br />Miscellaneous <br />123.1600 <br />9.1080 <br />7.3% <br />79.0% <br />-71.6%_ <br />Total Revenues <br />822.1100 <br />317.1600 <br />38.6% <br />57.3% <br />-18.7% <br />Expenditures <br />Info nnation technology <br />822.1100 <br />372.1269 <br />45.3% <br />65.8% <br />-20.5% <br />Other <br />-1 <br />-1 <br />n/a <br />n/a <br />n/a <br />Total Expenditures $ 822.1100 $ 372.1269 45.3% 65.8% -20.5% <br />11' <br />Comments.- <br />112 Information Technology revenues and expenditures were lower than budgeted amounts. Notable <br />113 exceptions include.- <br />114 <br />115 1), Charges for services revenues were lower than budgeted due to timing differences of when we <br />116 billed other cities for their share of IT support costs. <br />11 "7 2), Miscellaneous revenues include transfers from surplus monies from the License Center which are <br />11 not expected to be made until the 4th quarter. <br />119 3), Expenditures have been purposely withheld to help offset higher-than-expected expenditures in <br />120 prior years. <br />121 <br />122 The Information Technology Fund is expected to continue to face challenges in meeting unmet citywide <br />123 needs. Current funding sources are insufficient to replace city equipment at the end of their useful lives. In <br />124 addition,, the Fund has no cash reserves rendering it unable to provide for any new initiatives. A larger <br />125 dedicated property tax for IT-related expenditures will be recommended for the 2009 Budget. <br />12 6 <br />Page 5 of 15 <br />