Background:
The Administrative Services Department submits 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 timetables at Council's request.
Unaudited, detailed balance sheets, revenues and expenditure reports are available for your review in the Administrative Service Department office should you require any additional information.
The reports are intended to present information in formats consistent with the department, fund and business activity presentations included in the adopted FY 2004-05 budget document and the manner in which it will be shown in the end of year report.
Financial numbers for the fourth quarter are good indicators of budget compliance in that enough time has elapsed to evaluate the City's position in relationship to adjusted appropriations for the year according to Oregon Budget Law. No changes to appropriations can be made after June 30.
Cash remains higher than the prior year balance from refinancing Ashland Fiber Optic Network's internal debt. Operating revenues are at 99% of budget. The Personal Services category is at 95% of budget city-wide and Materials & Services is at 92% with Debt Service at 98%. This is closer to budget than prior years, and is to be expected, as the city limits the increase in appropriations yet many operational costs grow beyond inflationary caps and our control.
Capital Outlay is ending the year at 54% of budget due to delays in acquiring some equipment and capital projects lagging due to weather and other barriers to scheduling. Total Ending Fund Balance is $8.3 million above the prior year whereas it was almost $11 million above at the end of December. | 
