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Information Technology Fund Summary <br />89 <br />The Information Technology Fund accounts for the activities in the City’s information systems and <br />90 <br />support functions. A significant portion of the Fund’s activities involve the support of other <br />91 <br />governmental agencies that have outsourced their IT function to the City of Roseville. Its primary <br />92 <br />funding sources include tower lease payments from wireless service companies and charges to IT <br />93 <br />contracts with other agencies. <br />94 <br />95 <br />The following table depicts the 2014 financial activity for the Information Technology Fund for the <br />96 <br />fiscal period ending September 30, 2014 (unaudited). <br />97 <br />98 <br />20142014%% <br />BudgetActualActualExpect.Diff. <br />Revenues <br />Property Taxes200,000$ 102,447$ 51.2%0.0%0.0% <br />Intergovernmental1,055,811 768,324 72.8%73.8%-1.0% <br />Charges for Service371,470 315,213 84.9%113.0%-28.2% <br />Rentals / Lease- - 0.0%0.0%0.0% <br />Miscellaneous74,999 30,780 41.0%2.5%38.5% <br />Total Revenues$ 1,216,7641,702,280$ 71.5%72.6%-1.2% <br />Expenditures <br />Information technology1,639,000 1,124,641 68.6%70.2%-1.6% <br />Total Expenditures$ 1,124,6411,639,000$ 68.6%70.2%-1.6% <br />99 <br />100 <br />Comments: <br />101 <br />Information Technology revenues and expenditures are near expected levels. Charges for services <br />102 <br />revenues were lower due to the timing of rent collections from tower tenants. <br />103 <br />104 <br />The Information Technology Fund is currently in fair financial condition with $359,000 in available <br />105 <br />cash reserves for operations or capital replacements. This represents 22% of the total operating budget. <br />106 <br />The City’s Cash Reserve Policy establishes a target reserve level of 25% for this Fund excluding any <br />107 <br />long-term capital replacement needs. <br />108 <br />109 <br />110 <br />Page 5 of 14 <br />