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Information <br /> Memorandum <br /> <br />To: Mayor and City Council <br />From: Lori Ziemer, Finance Director <br />Date: October 21, 2019 <br />Subject: September 2019 Monthly Financial Report <br /> <br />This report is designed to provide summary information regarding the overall level of revenues and <br />expenditures in the General Fund, the Ice Arena Special Revenue Fund, and the Enterprise Funds. <br />ial health. <br />For the month of September, actual revenues (excluding property taxes and transfers in) and <br />expenditures should run 75% of the annual budget. It is natural for some of the items to vary from <br />month to month, such as exceeding budget for Supplies but being below budget for Services. This is <br />not considered serious as long as the total expenditure budget amount is not overspent. Significant <br />variances from budget are highlighted below accompanied with a general discussion for the variance. <br />GENERAL FUND <br /> Revenues: <br /> Licenses and permits are running slightly over budget estimate at about 78%. Building- <br />related permit collections were over $154,000 for September. <br /> Charges for services are over 87% of budget estimate, with the majority of September <br />collections consisting of plan check fees associated with the building permits. <br /> Fines and forfeits, which lag a month for collections, are running over 59% of budget. <br /> Transfers in for September electric revenues through August. <br /> <br /> <br />Expenditures: <br /> Total departmental expenditures are about 68% of budget and most departments are within <br />or below budget estimates. <br />