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Community Development Fund Summary <br />The following table depicts the 2013 financial activity for the Community Development Fund for the <br />fiscal period ending September 30, 2013 (unaudited). <br />Revenues <br />Licenses & permits <br />Charges for services <br />Fine s and fo rfeits <br />Interest earnings <br />Miscellaneous <br />Total Revenues <br />Expenditures <br />Community Development <br />Total Expenditures <br />2013 2013 % % <br />Bud�et Actual Actual Expect. Diff. <br />$ 989,466 $ 927,369 <br />136,500 137,824 <br />26,420 17,952 <br />$ 1,152,386 $ 1,083,145 <br />93.7% 73.6% 20.1% <br />n/a n/a n/a <br />n/a n/a n/a <br />n/a n/a n/a <br />n/a n/a n/a <br />94.0% 98.3% -4.4% <br />1,045,990 838,492 802% 942% -14.0% <br />$ 1,045,990 $ 838,492 802% 942% -14.0% <br />Comments: <br />Community Development Fund revenues are near expected levels, while expenditures are below. The <br />lower than expected expenditure depiction results from a comparison to prior years that featured grant- <br />related expenditures. Regular day-to-day expenditures are trending as expected. <br />The Community Development Fund is currently in good financial condition with $367,000 in available <br />cash reserves or 35% of the annual operating budget. The City's Cash Reserve Policy establishes a <br />target reserve level of 25-50% for this Fund. <br />Page 7 of 13 <br />