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Information Technology Fund Summary <br />The following table depicts the 2012 financial activity for the Information Technology Fund for the fiscal <br />period ending September 30, 2012 (unaudited). <br />Revenues <br />Cbarges for services <br />General property taxes <br />Rentals / Lease <br />Miscellaneous <br />Total Revenues <br />Expenditures <br />Information Technology <br />Other <br />Total Expenditures <br />2012 2012 % % <br />Bud�et Actual Actual Expect• Diff. <br />$ 764,037 $ S l 2,724 67.1 % 67.6% -0.5% <br />50,000 26,447 52.9% 50.2% 2.7% <br />317,110 332,280 104.8% 92.3% 12.5% <br />117,085 - 0.0% 6.4% -6.4% <br />$ ],248,232 $ 871,450 69.8% 69.4% 0.4% <br />1,248,232 880,040 70.5% 68.4% 2.1% <br />- - n/a n/a n/a <br />$ l,248,232 $ 880,040 70.5% 68.4°/a 2.1 % <br />� Comments: <br />Information Technology revenues and expenditures were near expected levels, with the exception of lease <br />revenues from tower rentals which have exceeded the conservative forecasted amount. <br />The Information Technology Fund is currently in poor financial condition with a cash reserve of $109,000 <br />or 10% of the annual operating budget. <br />�� The Information Technology Fund is expected to continue to face challenges in meeting unmet citywide <br />� needs. Current funding sources are insufficient to replace city equipment at the end of their useful lives. It <br />is recommended that the City implement a computer replacement levy in 2013 to improve the Fund's <br />� financial stability. <br />�. <br />Page 4 of 13 <br />