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"72 Information Technology Fund Summary <br />"7 3 The following table depicts the 2008 financial activity <br />for the Information Technology Fund for the fiscal <br />1 <br />"74 period ending September 30 (unaudited). <br />"7 <br />2008 <br />2008 <br />% <br />% <br />B u. d ge,- it <br />Actual <br />Actual <br />Expect. <br />Diff. <br />Revenues <br />Charges for services 396.1620 <br />296.1353 <br />74.7% <br />65.4% <br />9.3% <br />General prop erty taxes 50.1000 <br />25.1148 <br />50.3% <br />n/a <br />n/a <br />Rentals / Lease 251.1880 <br />227.1524 <br />90.3% <br />69.4% <br />20.9% <br />Miscellaneous 123.1600 <br />13.1505 <br />10.9% <br />118.9% <br />-107. % <br />Total Revenues <br />Expenditures <br />Infonnation technology <br />Other <br />$ 822.1100 $ 562.1529 68.4% 73.5% -,5.1% <br />822.1100 569.1038 69.2% 98.8% -29.6% <br />-1 -1 n/a n/a n/a <br />Total Expenditures $ 822.1100 $ 569.1038 69.2% 98.8% -,29.6% <br />"7 6 <br />"7 "7 Comments.- <br />"7 Information Technology revenues were lower than expected due to the delayed transfer of surplus monies <br />"7 9 from the License Center. Expenditures were also lower due to the planned reduction of capital <br />replacements from the budgeted amount. <br />82 The Information Technology Fund is expected to continue to face challenges in meeting unmet citywide <br />, 3 needs. Current funding sources are insufficient to replace city equipment at the end of their useful lives. In <br />,4 addition,, the Fund has no cash reserves rendering it unable to provide for any new initiatives. A computer <br />5 replacement charge to other funds is expected to be implemented with the 2009 Budget to improve the <br />6 Fund's financial stability. <br />"7 <br />Page 5 of 14 <br />