| Attached is the City of Ashland financial report
for the six month period ended December 31, 2001. The report includes:
-
A Cash Reconciliation comparison as of December 31 for the last two
years (page 1)
-
A Combined Statement of Financial Position (page 2)
-
A Schedule of Budgetary Compliance per Resolution #2001-14 (page
3)
-
Schedule of Departmental Expenditures (Summary) (page 7)
-
A Combined Statement of Financial Position (Business Type) (page
8)
-
A Departmental Expense Report (by department & division) (page
9)
Items 1 – 5 include Parks and Recreation Commission information,
report #6 includes only city department and divisions.
The reports are intended to present interim information in formats
consistent with the department, fund and business activity presentations
included in the adopted FY 2001-2002 budget document.
The departmental format presents the information across fund types
showing 1/2 of a year activity for each department included in section three
of this year’s budget document. Also presented are the expenditures
on a budget basis by fund consistent with the resolution adopting appropriation
levels in the budget compliance section of the document.
Resources at December 31, 2001 total $35,768,202 (excluding the working
capital carryover of $29,376,373) as compared to total year-to-date requirements
of $35,598,910 results in a $169,292 increase to Unappropriated Ending Fund
Balance from operations.
The working capital carryover is $1,831,050 more than what was projected
during last year’s budget process and is primarily resultant of capital
project continuations into this year.
City-wide Requirements show a favorable position with regards to budget.
Major operating categories are less than 50% except in those areas that do
not follow monthly averages such as debt payments, internal loans and
transfers.
Unaudited, detailed balance sheets, revenues and expenditure reports
are available for your review in the Finance Department office should you
require any additional information. This information, updated for preliminary
December data and projections to year end, are the basis for the supplemental
budget and transfer of appropriations currently under consideration for the
March 5 meeting. |
