| The Finance Department submits the above reports
to Council on a quarterly basis to provide assurance of budget compliance
and for informational and comparative purposes throughout the year. Information
can be provided in differing formats and timetable at Council's
request.
The departmental format presents the information across fund types
showing the year's 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 (as amended by transfers of appropriation and supplemental budgets
during the year) in the budget compliance section of the document.
Resources at June 30, 2002 total $58,762,091 (excluding the working
capital carryover of $30,508,514) as compared to total year-to-date requirements
of $63,661,896 results in a $4,899,805 decrease to Unappropriated Ending
Fund Balance from operations.
The working capital carryover is $2,963,191 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.
Operating expenditure categories are less than 100% in all major areas.
There were two supplemental budgets and three transfers of appropriations
this fiscal year
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 and audited for end-of-year accruals and
adjustments will be presented to the Audit Committee in late October or November.
With the audit Committee's concurrence, Council will be presented the
Comprehensive Annual Financial Report in late November or December. |
