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Information Technology Fund Summary <br />The following table depicts the 2015 financial activity for the Information Technology Fund for the <br />fiscal period ending June 30, 2015 (unaudited). <br />Revenues <br />Property Taxes <br />Intergovernmental <br />Charges for Service <br />Rentals / Lease <br />Miscellaneous <br />Total Revenues <br />Expendi tures <br />Information technology <br />Total Expenditures <br />2015 2015 % % <br />Bud�et Actual Actual Ea�nect• Diff. <br />$ 250,000 $ <br />1,150,285 <br />380,910 <br />183,000 <br />$ 1,964,195 $ <br />671,827 <br />246,014 <br />21,840 <br />939,681 <br />0.0% n/a n/a <br />58.4% 52.3% 6.2% <br />64.6% 69.5% -4.9% <br />0.�% �.0% �.�% <br />11.9% 11.2% 0.7% <br />47.8% 47.8% 0.1% <br />2,016,160 904,758 44.9% 48.5% -3.6% <br />$ 2,016,160 $ 904,758 44.9% 48.5% -3.6% <br />Comments: <br />Information Technology revenues and expenditures are near expected levels. <br />The Information Technology Fund is currently in good financial condition with $653,000 in available <br />cash reserves for operations or capital replacements. This represents 32% of the total operating budget, <br />although this reserve level is expected to decline in 2015. The City's Cash Reserve Policy establishes a <br />� target reserve level of 25% for this Fund excluding any long-term capital replacement needs. <br />m <br />Page 4 of 13 <br />