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Attachment D <br />Information Technology Fund Summary <br />The following table depicts the 2020 financial activity for the Information Technology Fund for <br />the fiscal period ending September 30, 2020 (unaudited). <br />20202020%% <br />Revenues <br />BudgetActualActualExpect.Diff. <br />General Property Taxes150,000$ 80,786$ 53.9%52.3%1.6% <br />Intergovernmental Revenue2,576,755 2,264,105 87.9%78.1%9.7% <br />Charges for Services451,680 385,957 85.4%82.4%3.1% <br />Rentals & Leases- - <br />Other: Transfer In63,810 61,548 96.5%75.0%21.5% <br />Interest earnings2,000 15,765 788.3%75.0%713.3% <br />Total Revenue3,244,245$ 2,808,161$ 86.6%75.8%10.8% <br />Expenditures <br />Information Technology3,296,235 2,068,800 62.8%75.3%-12.5% <br />Total Expenditures3,296,235$ 2,068,800$ 62.8%75.3%-12.5% <br /> <br />Comments: <br />Information Technology revenues are near expected levels while expenditures are below Î the <br />result of lower capital replacements compared to prior years for this same measurement period. <br />The Information Technology Fund is currently in good financial condition with $457,000 in <br />available cash reserves for operational needs or 15% of the operating budget. The CityÓs Cash <br />Reserve Policy establishes a target reserve level of 10-15% for this Fund excluding any long-term <br />capital replacement needs. <br /> <br />Page 5 of 13 <br /> <br />