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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 June 30, 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 />$ 248,228 <br />145,604 <br />9,149 <br />$ 402,981 <br />% % <br />Actual Expect. Diff. <br />44.0% 38.1% 5.9% <br />0.0% 0.0% 0.0% <br />53.4% 63.2% -9.8% <br />12.2% 44.5% -32.3% <br />41.9% 46.9% -5.0% <br />961,680 405,029 42.1% <br />- - n/a <br />$ 961,680 $ 405,029 42.1% <br />55.4% -13.3% <br />n/a n/a <br />55.4% -13.3% <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 />