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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 Se�tember 30, 2009 (unaudited). <br />2009 2009 % % <br />Bud�et Actual Actual Expect. Diff. <br />Revenues <br />Charges for services $ 564,005 $ 383,732 68.0% 62.4% 5.6% <br />General property t�es 50,000 25,165 50.3% 0.0% 50.3% <br />Rentals / Lease 272,675 214,046 78.5% 66.1% 12.4% <br />Miscellaneous 75,000 14,500 19.3% 83.5% -64.1% <br />Total Revenues $ 961,680 $ 637,443 66.3% 64.0% 2.3% <br />Expenditures <br />Information technology <br />Other <br />Total Expenditures <br />961,680 612,858 <br />$ 961,680 $ 612,858 <br />63.7% <br />n/a <br />63.7% <br />86.8% -23.1% <br />n/a n/a <br />86.8% -23.1% <br />Comments: <br />Information Technology revenues were higher than expected thanks to added partnership agreements with <br />other cities and additional wireless lease agreements. Expenditures were also lower due to planned <br />reductions in 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 all city equipment at the end of their useful lives. <br />In addition, the Fund has no cash reserves rendering it unable to provide for any new initiatives. <br />Page 5 of 14 <br />