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Information Technology Fund Summary <br />The following table depicts the 2009 financial activity for the Information Technology Fund for the fiscal <br />period ending March 31, 2009 (unaudited). <br />Revenues <br />Charges for services <br />General property t�es <br />Rentals / Lease <br />Miscellaneous <br />Total Revenues <br />Expenditures <br />Information technology <br />Other <br />Total Expenditures <br />2009 <br />Bud�et <br />$ 564,005 <br />50,000 <br />272,675 <br />75,000 <br />$ 961,680 <br />2009 <br />Actual <br />$ 117,816 <br />94,881 <br />4,500 <br />$ 217,197 <br />% % <br />Actual Expect. Diff. <br />20.9% 16.7% 4.2% <br />0.0% 0.0% 0.0% <br />34.8% 52.0% -17.2% <br />6.0% 5.3% 0.7% <br />22.6% 26.8% -4.2% <br />961,680 159,109 16.5% 25.8% <br />- - n/a n/a <br />$ 961,680 $ 159,109 16.5% 25.8% <br />-9.3% <br />n/a <br />-9.3% <br />Comments: <br />Information Technology revenues and expenditures were lower than expected. Rental and Lease revenue <br />was lower than expected due to the timing of collection efforts. Expenditures were also lower due to lower <br />overall investments in IT assets compared to prior years. <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. In <br />addition, the Fund has no cash reserves rendering it unable to provide for any new initiatives. A computer <br />replacement charge to other funds is expected to be recommended with the 2010 Sudget to improve the <br />Fund's financial stability. <br />Page 5 of 14 <br />