183-1999 LTC
C1TY OF MIAMI BEACH
CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139
http:\\cLmiami-beach.f1.us
183-1999
L.T.C. No.
LETTER TO COMMISSION
August 27, 1999
TO:
Mayor Neisen O. Kasdin and
Members of the City C mmission
FROM:
Sergio Rodriguez
City Manager
SUBJECT:
AN ANAL Y S OF ACTUAL REVENUES AND EXPENSES FOR THE
QUARTER ENDED JUNE 30, 1999, WITH OPERATING BUDGET
PROJECTIONS THROUGH SEPTEMBER 30, 1999, FOR GENERAL,
ENTERPRISE, AND INTERNAL SERVICE FUNDS
BACKGROUND
Resolution Number R-94-21258 directed the Administration to formalize and strengthen its dialogue
with the Commission on operating budget reporting and monitoring. LTC 162-1994 specified the
means and frequency by which quarterly status reports would be submitted to the Commission.
Therefore, the following analysis is presented.
Detailed comments will be restricted to those categories and classifications that projections indicate
will be at a significant variance to budget. Since Florida Statutes prohibit the overexpenditure of
departmental budgets and funds, a budget amendment will be necessary for those functions
which projections indicate will overexpend their appropriation.
ANAL YSIS DISCUSSION
Third quarter budget to actual comparisons for General, Enterprise, and Internal Service Funds are
presented in the following pages with comments on those areas which are at a significant variance
to budget. Categories identified correspond to those major categories/classifications identified in
the budget Resolution. After the analysis, the Administration's recommendations for corrective
actions to remedy any deficiencies will be presented.
I. GENERAL FUND OVERVIEW
An analysis of third quarter operating revenues and expenditures as of June 30, 1999, reveals an
operating surplus of $8,533,687. Based on actual amounts and operating projections through
September 30, 1999, it is anticipated that at year-end we will generate a surplus of approximately
$806,150.
Analysis of Revenues/Expenses As Of June 30, 1999
Page 2
August 27, 1999
A summary of preliminary General Fund Revenues and Expenditures as of June 30, 1999, with
projections through September 30, 1999 follows:
Budget Actuals* Projected Budget/Actual
General Fund FY 98/99 June 30. ] 999 Sept. 30. ] 999 Over/(Under)
Revenues $]] ],209,338 $86,280, I ] 8 $] ] 2,245,488 $],036,]50
Expenditures ] ] ] .209.338 77.746.43] ] ] ] .439.338 $230.000
Surplus/(Deficit) $ 0 $ 8,533,687 $ 806,] 50 ($806,] 50)
Note: *Does not include valid current year encumbrances totaling $3,216,504.
F or a detail of General Fund Revenues and Expenditures by category and classification, see
"Attachment A". Detailed comments on those revenue and expenditure categories with significant
variance are shown below.
I.
A.
General Fund Operating Revenues
As of June 30, 1999, actual revenues collected were 78% of budget or $86,280,118. On a straight
line average for nine months ended (June 30, 1999), revenues collected should have been at a
minimum, approximately 75% of budget or $83,407,004. While actual revenues received were
greater than this minimum, this can be somewhat misleading. The City receives a greater percentage
of its ad valorem taxes in the first quarter, which must be duly considered when analyzing actual
revenues and formulating year-end revenue projections. Year-end projections through September
30, 1999 which total $112,245,488 indicate that revenues will exceed budget by less than 1 %.
1. Ad Valorem Property Taxes - Based on actual collections to date and historical
trends, it is projected that year end collections will be 100% of budget.
2. Other Taxes - This category includes franchise and utility taxes on services which
are sensitive to local economic indicators. Projections indicate that year-end collections will exceed
budget by less than 3% or $410,500. This is due to increase revenues from telephone utility taxes.
3. Licenses and Permits - This category includes occupational licenses and building
and special use permits. Projections indicate that year-end revenues will exceed budget by less than
5% or $329,000. This is due to increased revenues from building permits.
4. Intergovernmental - This category includes state shared revenues such as cigarette,
gas, and sales taxes. Projections indicate that year-end collections will exceed budget by less than
2% or $105,000.
5. Charges for Services - This category includes admissions at recreational centers and
facilities, and fees for fire rescue services. Projections indicate that year-end collections will be 99%
of budget or a shortfall of $6,000.
Analysis of Revenues/Expenses As Of June 30, 1999
Page 3
August 27, 1999
6. Fines and Forfeits - This category includes traffic citations, and code and fire
violation fines. Projections indicate that year-end collections will exceed budget by 16% or
$185,000. This is due to increased revenues from traffic enforcement fines.
7. Interest - This category includes interest income from City investments. Based on
actual collections to date and historical trends, it is projected that year end collections will be 100%
of budget.
8. Rents and Leases - This category includes rents and leases on City-owned facilities
such as the Bayshore Golf Course, Old City Hall, and others. Projections indicate that year-end
collections will exceed budget by 18% or $145,150. This is due to increased revenues from bus
shelters and other leases.
9. Miscellaneous - This category includes concessions, planning fees, and other
reimbursements. Projections indicate that year-end revenues will be 96% of budget or a shortfall
of $232,500. This is due to no revenues from bond issuance fees and decreases in miscellaneous
revenue accounts.
10. Other - This category includes management fees and other non-operating revenues
such as interfund transfers. Projections indicate that year-end revenues will be 100% of budget.
11. Fund Balance - This category is projected at $100,000 due to improvements to La
Gorce Island Entrance project being funded from the Unappropriated fund balance (February 17,
1999 - Resolution #99-23071).
B. General Fund Operating Expenditures
As of June 30, 1999, actual expenditures were 70% of budget or $77,746,431. On a straight line
average for nine months ended (June 30, 1999), expenditures should have been at a minimum,
approximately 75% of budget or $83,407,004. Therefore, at June 30th, expenditures were less than
5% under budget or $5,660,573. Year-end projections through September 30, 1999 which include
actuals and valid encumbrances totaling $111,439,338, indicate that year-end expenditures will be
100.2% of budget.
Significant variances to budget by General Fund department are discussed below which further
support the assumptions utilized in formulating year-end projections.
1. Management and Budget
Budget
FY 98/99
$452,223
Actuals*
June 30, 1999
$235,488
Projected
Sept. 30, 1999
$392,223
Budget/Projected
Over/(Under)
($60,000)
This department is expected to expend 87% of its budget and generate a year-end surplus of $60,000
due to unfilled positions.
Analysis of Revenues/Expenses As Of June 30, 1999
Page 4
August 27, 1999
2. Finance
Budget
FY 98/99
$2,187,770
Actuals*
June 30, 1999
$1,468,005
Projected
Sept. 30, 1999
$2,112,770
Budget/Projected
Over/(Under)
($75,000)
This department is expected to expend 97% of its budget and generate a year-end surplus of$75,000
due to unfilled positions that will be filled by the fourth quarter.
3. Public Works
Budget
FY 98/99
$3,615,365
Actuals*
June 30, 1999
$2,357,344
Projected
Sept. 30, 1999
$3,405,365
Budget/Projected
Over/(Under)
($210,000)
This department is expected to expend 94% of its budget and generate a year-end surplus of
$210,000 due primarily to unfilled professional and support staff positions. It is anticipated that
these vacancies will be filled by the end of the fourth quarter.
4. Fire
Budget
FY 98/99
$19,950,406
Actuals*
June 30, 1999
$14,673,798
Projected
Sept. 30, 1999
$20,550,406
Budget/Projected
Over/(Under)
$600,000
This department is expected to exceed its budget and have a year-end deficit of $600,000. This is
due primarily to staffing critical vacant positions with overtime. It is anticipated that these vacancies
will be filled by the end of the fourth quarter.
5. Citywide Accounts
Budget
FY 98/99
$15,084,232
Actuals*
June 30, 1999
$9,709,254
Projected
Sept. 30, 1999
$15,184,232
Budget/Proj ected
Over/(Under)
$100,000
This account is expected to exceed its budget and have a year-end deficit of $1 00,000. This is due
to expenditures associated with the La Gorce Island Entrance project. This project will be funded
from the Unappropriated fund balance (February 17, 1999 - Resolution #99-23071).
Note: * Does not include encumbrances.
Analysis of Revenues/Expenses As Of June 30, 1999
Page 5
August 27, 1999
II. ENTERPRISE FUNDS
The City accounts for proprietary operations in Enterprise Funds. Convention Center, Parking,
Sanitation, Sewer, Storm Water, and Water are included within this grouping. Based upon our
review, only the Sanitation fund bears specific comment as projections indicate that the remaining
four funds will operate at budget or at a surplus.
The Sanitation fund is projected to show a deficit for FY 98/99. The Sanitation fund, as an
enterprise fund, must be self supporting. Rates and charges must be set at levels sufficient to cover
the cost ofthe operation. Currently, the cost of this operation exceeds the projected revenues. At
the time the budget was adopted, a commercial impact fee was included that would insure no
operating deficit for FY 98/99 and would eliminate the cumulative fund deficit of approximately
$630,000 at 9/30/98 over a four year period. In March, the City commission modified the fee
structure to exempt condominiums and townhouses/duplexes. If this revenue decrease is not
recovered, the fund is projected to have a $280,900 deficit for the year ended September 30, 1999,
and would increase the cumulative fund deficit to approximately $910,900 at 9/30/99. For a detail
of Enterprise Fund Revenues and Expenses by department, see "Attachment B."
III. INTERNAL SERVICE FUNDS
The City accounts for those goods and services provided by one department to other departments
citywide on a cost reimbursement basis. Central Services, Fleet Management, Information
Technology, Property Management, and Risk Management (Self Insurance) are included in this
grouping. Based upon our review, all funds will operate at budget or at a surplus. For a detail of
Internal Service Fund Revenues and Expenses by department, see "Attachment c."
CONCLUSION
This analysis of operating revenues and expenses for General, Enterprise, and Internal Service Funds
as of June 30, 1999, with projections through September 30, 1999, was presented in accordance with
Commission directives. Measure will be taken by the Administration to ensure that revenue targets
are achieved and unnecessary expenditures are curtailed to assure a year-end surplus.
SR/PDW/rl!
Attachmen/s @-C
ATTACHMENT A
FY 1998/99 General Fund Operating Summary Projection
REVENUES
Ad Valorem Taxes
Ad Valorem Taxes-RDA So Pointe
Ad Valorem Taxes-RDA City Center
Other Taxes
Licenses and Permits
Intergovernmental
Charges for Services
Fines and Forfeits
Interest
Rents and Leases
Miscellaneous
Other
Fund Balance
TOTAL REVENUES
EXPENDITURES
Mayor and Commission
City Manager
City Attorney
Childrens Affairs
City Clerk
Management and Budget
Internal Audit
Arts, Culture and Entertainment
Finance
Human Resources
Planning
Community/Economic Development
Procurement
Public Works
Parks and Recreation
Bass Museum of Art
Police
Fire
Code Compliance
Building
Citywide Accounts
Citywide Accounts-RDA So Pointe
Citywide Accounts-RDA City Center
TOTAL EXPENDITURES
EXCESS OF REVENUES OVERI
(UNDER) EXPENDITURES
Adopted As of Projected
FY 1998/99 June 30, 1999 FY 1998/99
$44,712,393 $41,825,784 $44,712,393
3,315,257 3,103,081 3,315,257
2,372,814 2,220,954 2,372,814
17,536,400 11,786,494 17,946,900
7,583,700 6,834,974 7,912,700
8,796,000 6,128,454 8,901,000
1,719,580 1,299,571 1,713,580
1,145,000 914,538 1,330,000
3,713,025 3,054,806 3,713,025
800,185 613,044 945,335
5,293,467 3,439,746 5,060,967
14,221,517 5,058,672 14,221,517
0 0 100,000
$111,209,338 $86,280,118 $112,245,488
$643,365 $503,135 $628,365
1,156,110 945,490 1,156,110
2,601,458 1,766,040 2,571,458
96,038 76,657 96,038
1,255,708 809,065 1,240,708
452,223 235,488 392,223
290,649 240,481 290,649
340,704 247,250 340,704
2,187,770 1,468,005 2,112,770
1,024,185 806,413 1,024,185
1,402,540 1,026,630 1,392,540
953,700 683,511 938,700
529,811 345,682 509,811
3,615,365 2,357,344 3,405,365
15,476,170 9,743,266 15,476,170
839,668 489,674 819,668
39,265,454 28,812,497 39,265,454
19,950,406 14,673,798 20,550,406
1,496,129 1,045,866 1,496,129
2,547,653 1,760,885 2,547,653
9,396,161 4,021,183 9,496,161
3,315,257 3,315,257 3,315,257
2,372,814 2,372,814 2,372,814
$111,209,338 $77,746,431 $111,439,338
$0
$806,150 I
$8,533,687
Proj - Adpt
Over/(Under)
$0
o
o
410,500
329,000
105,000
(6,000)
185,000
o
145,150
(232,500)
o
100,000
$1,036,150
($15,000)
o
(30,000)
o
(15,000)
(60,000)
o
o
(75,000)
o
(10,000)
(15,000)
(20,000)
(210,000)
o
(20,000)
o
600,000
o
o
100,000
o
o
$230,000
$806,150 I
ATTACHMENT B
FY 1998/99 Enterprise Funds Summary Projection
CONVENTION CENTERlTOPA
REVENUES
CHARGES FOR SERVICES
Rents And Leases
Concessions
Telephones
Ancilliary Income
Services
Miscellaneous & Other
Subtotal
OTHER
Convention Development Tax
Interest Earnings
Retained Earnings
Subtotal
TOTAL REVENUES
EXPENSES
Payroll & Fringes
Operating
Electricity
Management Fees to GF
Depreciation
TOTAL EXPENSES
EXCESS OF REVENUES OVER/
(UNDER) EXPENSES
Adopted As of Projected
FY 1998/99 June 30,1999 FY 1998/99
$3,302,586 $3,552,860 $4,014,231
745,946 774,065 851,278
69,368 37,694 48,134
616,144 728,152 804,151
241,581 471,734 476,956
521,863 310,576 359,178
$5,497,488 $5,875,081 $6,553,928
$1,500,000 $1,125,000 $1,500,000
250,000 89,785 115,000
3,012,504 976,482 2,717,443
$4,762,504 $2,191,267 $4,332,443
$10,259,992 $8,066,348 $10,886,371
$3,381,095 $2,516,720 $3,475,205
2,246,397 2,031,692 2,680,366
1,096,000 925,100 1,194,300
600,000 450,000 600,000
2,936,500 2,142,836 2,936,500
$10,259,992 $8,066,348 $10,886,371
$0
$0 I
$0
Proj - Adpt
Over/(Under)
$711,645
105,332
(21,234)
188,007
235,375
(162,685)
$1,056,440
$0
(135,000)
(295,061 )
($430,061 )
$626,379
$94,110
433,969
98,300
o
o
$626,379
$0 I
FY 1998/99 Enterprise Funds Summary Projection
PARKING
REVENUES
CHARGES FOR SERVICES
Meters
Parking Citations
Attended Parking
Permits
Preferred Lot
Garages
Space Rental
Valet
Towing Fees
Subtotal
OTHER
Interest Earnings
Miscellaneous
Subtotal
TOTAL REVENUES
EXPENSES
Payroll & Fringes
Operating
Management Fees to GF
Depreciation
Debt Service
Capital
TOTAL EXPENSES
EXCESS OF REVENUES OVER!
(UNDER) EXPENSES
Adopted As of Projected
FY 1998/99 June 30,1999 FY 1998/99
$4,434,300 $4,850,988 $5,692,680
2,800,000 1,665,976 2,350,000
1,125,000 1,060,166 1,321,200
1,295,000 385,963 475,000
550,000 482,463 575,000
2,085,000 2,158,554 2,665,300
265,000 124,069 149,000
215,000 199,935 232,250
100,000 68,265 95,000
$12,869,300 $10,996,379 $13,555,430
$500,000 $393,002 $525,000
0 (3,720) 51,450
$500,000 $389,282 $576,450
$13,369,300 $11,385,661 $14,131,880
$3,271,644 $2,151,192 $3,073,654
4,829,663 2,951,710 4,749,883
2,300,000 1,725,000 2,300,000
649,224 396,836 649,224
2,186,106 736,670 2,186,106
132,663 11,306 132,663
$13,369,300 $7,972,714 $13,091,530
$0 $3,412,947
$1,040,350 I
Proj - Adpt
Over/(Under)
$1,258,380
(450,000)
196,200
(820,000)
25,000
580,300
(116,000)
17,250
(5,000)
$686,130
$25,000
51,450
$76,450
$762,580
($197,990)
(79,780)
o
o
o
o
($277,770)
$1,040,350 I
FY 1998/99 Enterprise Funds Summary Projection
SANITATION
REVENUES
CHARGES FOR SERVICES
Sanitation Fees
Franchise Tax-Waste Contractors
Franchise Tax-Right of Way
Trash Removal
Roll Off
Impact Fee-Construction
Impact Fee-Commercial
Violations/Fines
Subtotal
OTHER
Retained Earnings
Interest Earnings
Storm Water Fund Contrib
Subtotal
TOTAL REVENUES
EXPENSES
Payroll & Fringes
Operating
Garbage contract
Management Fees to GF
Contingency-Reduce Deficit
Depreciation
Capital
TOTAL EXPENSES
EXCESS OF REVENUES OVER!
(UNDER) EXPENSES
Adopted As of Projected
FY 1998/99 June 30,1999 FY 1998/99
$2,616,451 $1,556,249 $2,416,451
194,900 91,412 175,000
0 78,951 155,000
52,000 37,521 60,000
175,000 136,650 195,000
240,000 230,472 300,000
940,000 331,053 485,000
100,000 52,500 80,000
$4,318,351 $2,514,808 $3,866,451
$0 $0 $0
5,000 (2,496) 0
381,542 286,157 381,542
$386,542 $283,661 $381,542
$4,704,893 $2,798,469 $4,247,993
$2,034,024 $1,168,327 $1,864,024
1,154,869 786,203 1,254,869
900,000 785,471 1,000,000
250,000 187,500 250,000
100,000 0 0
140,000 54,272 80,000
126,000 0 80,000
$4,704,893 $2,981,773 $4,528,893
$0
($280,900) I
($183,304)
proj - Adpt
Over/(Under)
($200,000)
(19,900)
155,000
8,000
20,000
60,000
(455,000)
(20,000)
($451,900)
$0
(5,000)
0
($5,000)
($456,900)
($170,000)
100,000
100,000
o
(100,000)
(60,000)
(46,000)
($176,000)
($280,900) I
FY 1998/99 Enterprise Funds Summary Projection
SEWER OPERATIONS
REVENUES
CHARGES FOR SERVICES
Sewer User Fees
Sewer Connection Fees
Sewer Fees - Cities
Subtotal
OTHER
Interest Earnings
Other
Subtotal
TOTAL REVENUES
EXPENSES
Payroll & Fringes
Operating
Sewer Treatment
Management Fees to GF
DERM Fee
Depreciation
Debt Service Bonds
Debt Service Lincoln Rd
Capital
TOTAL EXPENSES
EXCESS OF REVENUES OVER/
(UNDER) EXPENSES
Adopted As of Projected
FY 1998/99 June 30,1999 FY 1998/99
$23,362,935 $16,649,517 $23,062,935
50,000 45,778 65,000
2,825,818 1,476,076 2,676,872
$26,238,753 $18,171,371 $25,804,807
$800,000 $575,944 $800,000
100,200 104,312 160,000
$900,200 $680,256 $960,000
$27,138,953 $18,851,627 $26,764,807
$1,428,092 $893,007 $1,203,092
2,415,288 1,479,080 2,200,288
15,300,000 9,805,862 15,500,000
1,312,814 984,611 1,312,814
1,650,000 1,590,854 1,590,854
955,000 707,684 955,000
3,661,087 2,745,815 3,661,087
99,000 74,250 99,000
317,672 149,308 242,672
$27,138,953 $18,430,471 $26,764,807
$0
$0 I
$421,156
Proj - Adpt
Over/(Under)
($300,000)
15,000
(148,946)
($433,946)
$0
59,800
$59,800
($374,146)
($225,000)
(215,000)
200,000
o
(59,146)
o
o
o
(75,000)
($374,146)
$0 I
FY 1998/99 Enterprise Funds Summary Projection
STORM WATER
REVENUES
Storm Water Fees
Interest Earnings
Other
Retained Earnings
TOTAL REVENUES
EXPENSES
Payroll & Fringes
Operating
Contribution Sanitation
Management Fees to GF
Depreciation
Debt Service Lincoln Rd
Capital
TOTAL EXPENSES
EXCESS OF REVENUES OVER!
(UNDER) EXPENSES
Adopted As of Projected
FY 1998/99 June 30,1999 FY 1998/99
$3,150,000 $2,531,501 $3,150,000
105,000 102,041 130,000
115,000 126,547 115,000
375,000 0 0
$3,745,000 $2,760,089 $3,395,000
$553,416 $330,783 $493,416
1,153,542 332,757 778,542
381,542 286,157 381,542
250,000 187,500 250,000
105,000 70,057 105,000
252,000 189,000 252,000
1,049,500 129,675 750,000
$3,745,000 $1,525,928 $3,010,500
$0 $1,234,161
$384,500 I
Proj - Adpt
Over/(Under)
$0
25,000
o
(375,000)
($350,000)
($60,000)
(375,000)
o
o
o
o
(299,500)
($734,500)
$384,500 I
FY 1998/99 Enterprise Funds Summary Projection
WATER OPERATIONS
REVENUES
CHARGES FOR SERVICES
Water Sales
Firelines
Water Tapping
Subtotal
OTHER
Interest Earnings
Other
Subtotal
TOTAL REVENUES
EXPENSES
Payroll & Fringes
Operating
Water purchase
Management Fees to GF
DERM Fee
Depreciation
Debt Service Bonds
Debt Service Lincoln Rd
Capital
TOTAL EXPENSES
EXCESS OF REVENUES OVER/
(UNDER) EXPENSES
Adopted As of Projected
FY 1998/99 June 30,1999 FY 1998/99
$15,676,121 $12,227,831 $15,777,121
140,000 60,400 110,000
160,000 146,642 180,000
$15,976,121 $12,434,873 $16,067,121
$400,000 $283,674 $350,000
126,000 135,440 175,000
$526,000 $419,114 $525,000
$16,502,121 $12,853,987 $16,592,121
$1,921,098 $1,429,702 $1,921,098
2,037,878 1,075,907 2,017,829
6,212,000 4,202,776 6,262,000
1,582,082 1,186,562 1,582,082
991,500 1,031,749 1,031,749
674,000 429,015 600,000
1,945,563 1,459,172 1,945,563
144,000 108,000 144,000
994,000 606,618 994,000
$16,502,121 $11,529,501 $16,498,321
$0 $1,324,486
$93,800 I
Proj - Adpt
Over/(Under)
$101,000
(30,000)
20,000
$91,000
($50,000)
49,000
($1,000)
$90,000
$0
(20,049)
50,000
o
40,249
(74,000)
o
o
o
($3,800)
$93,800 I
ATTACHMENT C
FY 1998/99 Internal Service Funds Summary Projection
CENTRAL SERVICES
REVENUES
Inter-departmental Charges
Interest
Retained Earnings
TOTAL REVENUES
EXPENSES
Payroll & Fringes
Operating
Postage
Depreciation
Capital
TOTAL EXPENSES
EXCESS OF REVENUES OVER!
(UNDER) EXPENSES
Adopted
FY 1998/99
As of
June 30,1999
Projected
FY 1998/99
$556,368
o
o
$556,368
$464,792
(7,874)
o
$456,918
$591,689
(10,000)
o
$581,689
$165,927 $124,799 $164,500
229,843 176,859 228,689
143,164 96,644 . 140,000
11,434 7,645 10,500
6,000 0 6,000
$556,368 $405,947 $549,689
$0
$50,971
$32,000 I
Proj - Adpt
Over/(Under)
$35,321
(10,000)
o
$25,321
($1,427)
(1,154)
(3,164)
(934 )
o
($6,679)
$32,000 I
FY 1998/99 Internal Service Funds Summary Projection
FLEET MANAGEMENT
REVENUES
Inter-departmental Charges
Sale of City Property
Other
Interest
Retained Earninas
TOTAL REVENUES
EXPENSES
Payroll & Fringes
Operating
Fuel
Depreciation
Capital
TOTAL EXPENSES
EXCESS OF REVENUES OVERI
(UNDER) EXPENSES
Adopted As of Projected
FY 1998/99 June 30, 1999 FY 1998/99
$4,756,472 $3,487,789 $4,756,472
70,000 7,189 70,000
30,000 6,529 20,000
140,000 160,612 180,000
2,191,759 376,890 1,700,000
$7,188,231 $4,039,009 $6,726,472
$989,294 $688,432 $960,084
1,379,788 984,746 1,379,788
591,600 347,170 551,600
2,035,790 1,493,725 2,100,000
2,191,759 376,890 1,700,000
$7,188,231 $3,890,963 $6,691,472
$0
$35,000 I
$148,046
proj - Adpt
Over/(Under)
$0
o
(10,000)
40,000
(491,759)
($461,759)
($29,210)
o
(40,000)
64,210
(491,759)
($496,759)
$35,000 I
FY 1998/99 Internal Service Funds Summary Projection
INFORMATION TECHNOLOGY
REVENUES
Inter-departmental Charges
Interest
Retained Earnings
TOTAL REVENUES
EXPENSES
Payroll & Fringes
Operating
Telephone
Depreciation
Capital
TOTAL EXPENSES
EXCESS OF REVENUES OVERI
(UNDER) EXPENSES
Adopted
FY 1998/99
As of
June 30,1999
$4,706,775
135,000
2,686,000
$7,527,775
$3,686,103
67,429
909,005
$4,662,537
Projected
FY 1998/99
$4,950,000
105,000
1,780,000
$6,835,000
$1,370,215 $900,600 $1,282,215
1,324,934 817,423 1,326,785
672,000 517,709 672,000
1,474,626 1,363,049 1,774,000
2,686,000 909,005 1,780,000
$7,527,775 $4,507,786 $6,835,000
$0
$154,751
$0 I
Proj . Adpt
Over/(Under)
$243,225
(30,000)
(906,000)
($692,775)
$0 I
'"
FY 1998/99 Internal Service Funds Summary Projection
PROPERTY MANAGEMENT
REVENUES
Inter-departmental Charges
Interest
Other
Retained Earnings
TOTAL REVENUES
EXPENSES
Payroll & Fringes
Operating
Depreciation
Capital
TOTAL EXPENSES
EXCESS OF REVENUES OVER!
(UNDER) EXPENSES
Adopted As of Projected
FY 1998/99 June 30, 1999 FY 1998/99
$4,295,355 $3,069,469 $4,288,355
0 (3,090) (5,000)
18,000 23,405 30,000
0 0 0
$4,313,355 $3,089,784 $4,313,355
$1,669,536 $1,241,643 $1,656,941
2,396,877 1,596,395 2,390,085
147,180 120,590 147,180
99,762 119,149 119,149
$4,313,355 $3,077,777 $4,313,355
$0
$0 I
$12,007
Proj - Adpt
Over/(Under)
($7,000)
(5,000)
12,000
o
$0
($12,595)
(6,792)
o
19,387
$0
$0 I
..,.
FY 1998/99 Internal Service Funds Summary Projection
Adopted As of Projected proj - Adpt
RISK MANAGEMENT FY 1998/99 June 30,1999 FY 1998/99 Over/(Under)
REVENUES
Inter-departmental Charges $7,452,270 $5,589,203 $7,452,270 $0
Interest 540,000 354,875 490,000 (50,000)
Retained Earninas 2,332,000 0 1,701,852 (630,148)
TOTAL REVENUES $10,324,270 $5,944,078 $9,644,122 ($680,148)
EXPENSES
Operating $320,576 $90,204 $320,576 $0
Administrative Fees 571,094 428,321 571,094 0
Non-Operating 9,432,600 5,559,820 8,752,452 (680,148)
TOTAL EXPENSES $10,324,270 $6,078,345 $9,644,122 ($680,148)
EXCESS OF REVENUES OVERI $0 I $0 I
(UNDER) EXPENSES $0 ($134,267)