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Information <br />City <br />E <br />Memorandum <br />TO: Mayor and City Council <br />From: Lori Stich, Assistant Finance Director <br />Date: October 18, 2021 <br />Subject: September 2021 Monthly Financial Report <br />This report is designed to provide summary information regarding the overall level of revenues and <br />expenditures in the General Fund, the Multipurpose Facility Special Revenue Fund, and the <br />Enterprise Funds. These funds provide an important picture of the city's financial 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 />■ License & permit collections are at 111% of budget with collections for September <br />consisting primarily of building -related permits. <br />■ Intergovernmental revenues are at about 92% of budget estimates. September collections <br />consist of fire and police state aid payments. <br />■ Charges for services are at the estimated budget amount with collections for September <br />consisting mainly of plan check fees and planning and zoning fees. <br />■ Fines and forfeits, which lag a month for collections, are running about 78% of budget. <br />■ Transfers in consists of ERMU's 4% August electric revenues. <br />Expenditures: <br />■ Total departmental expenditures are about 67% of budget and most departments are within <br />or below budget estimates. <br />