LTC 125-2005 Analysis of Budget to Actual Revenues & Expenses for 6 Months Ended 03/31/05 c/ projections to 9/30
CITY OF MIAMI BEACH
Office of the City Manager
Letter to Commission No. 125-2005
{Q
To:
Mayor David Dermer and
Members of the City Commission
Date: May 13, 2005
From:
Jorge M. Gonzalez 2:!
City Manager .
ANALYSIS OF UDGET TO ACTUAL REVENUES AND EXPENSES FOR
THE SIX MONTHS ENDED MARCH 31, 2005, WITH OPERATING
BUDGET PROJECTIONS THROUGH SEPTEMBER 30, 2005 FOR GENERAL,
ENTERPRISE, AND INTERNAL SERVICE FUNDS.
Subject:
PURPOSE
We are presenting the following analysis to keep the Mayor and Commission informed of
the status of the FY 04/05 Budget actual revenue and expenses at the end of the second
quarter with projections through September 30, 2005.
Six month 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. 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.
GENERAL FUND OVERVIEW
An analysis of six month operating revenues and expenditures as of March 31, 2005,
reveals an operating surplus of $23,223,853. Based on actual amounts and operating
projections through September 30,2005, it is anticipated that at year-end we will generate
a budget surplus of approximately $1,945,679 (1.2% of budget). In the past, this budget
surplus has been used to fund the 11 % General Fund Reserve. However, we also need to
look at the current shortfalls in the liability within the Risk Management Fund. While the
surplus as of March 31 st seems unusually large as compared to the final projected for the
year ending on September 30th, it should be noted that the City receives a greater
percentage of its ad valorem taxes in the first quarter. Ad valorem tax revenues
representing approximately 45% of total revenues have been almost 80% received
whereas the remaining 55% of revenues are approximately at the 50% level as of March
31 st.
A summary of actual General Fund Revenues and Expenditures as of March 31,2005, with
projections through September 30, 2005 follows:
Budget
General Fund FY 04/05
Revenues $ 168,169,878
Expenditures $ 168,169.878
Surplus/(Deficit) $ 0
Actual* Projected
Mar. 31. 2005 Sept. 30,2005
$ 99,825,170 $ 169,501,127
$ 76,601,317 $ 167,555,448
$ 23,223,853 $ 1,945,679
Budget/Proj.
Over/(Under)
$1,331,249
$( 614,430)
$1,945,679
Note: * Does not include current year encumbrances totaling $4,339,234.
For 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.
A. General Fund Operating Revenues
As of March 31, 2005, revenues collected were 59% of budget or $99,825,170. On a
straight-line average for six months ended March 31,2005, revenues collected should
have been at a minimum, approximately 50% of budget or $84,084,939. 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, 2005 which total
$169,501,127 indicate that revenues will be above budget by $1,331,249 or 0.8%.
1. Ad Valorem Property Taxes - Based on actual collections to date and historical
trends, it is projected that year-end collections will be $77,826,160 or 99.6% 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 2.7% or $525,700. This is mainly due to increased
revenues from franchise taxes on electricity.
3. Licenses and Permits - This category includes licenses and building and special
use permits. Projections indicate that year-end revenues will exceed budget by over
5.8% or $664,105. This is primarily due to higher than anticipated revenues for
occupational licenses, certificates of occupancy and certificates of completion.
4. Intergovernmental - This category includes state-shared revenues such as
cigarette, gas, and sales taxes. Projections indicate that year-end revenues will
exceed budget by 2% or $221,000. This is mainly due to an increase in local
government sales tax revenue collections.
5. Charges for Services - This category includes admissions at recreational centers
and facilities, and fees for fire rescue services. Projections indicate that year-end
revenues will exceed budget by 2.5% or $150,030. This is mainly due to an increase
in fire rescue revenues and police off-duty administrative fees.
6. Fines and Forfeits - This category includes traffic citations, and code and fire
violation fines. Projections indicate that year-end revenues will exceed budget by
less then 10.1% or $142,200. This is due to an increase in building code violation
revenues.
7. Interest Earnings- 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 exceed budget by 1.7% or $47,120. This is primarily due to a
rise in interest rates.
8. Rents and Leases - This category includes rents and leases on City-owned
facilities such as golf courses, Old City Hall, and others. Projections indicate that
year-end revenues will exceed budget by 2.6% or $69,824. This is primarily due to
an increase in revenues from the rental of the Byron Carlyle and Penrod's Pier Park
restaurant.
9. Miscellaneous -This category includes concessions, planning fees, and other
reimbursements. Projections indicate that year-end revenues will be 3% below
budget or $188,730 due primarily to lower than expected revenues from
construction management charges to capital projects.
B. General Fund Operating Expenditures
As of March 31,2005, actual expenditures were 46% of budget or $76,601,317. On a straight-
line average for six months ended March 31, 2005, expenditures should have been at a
minimum, approximately 50% of budget or $84,084,939. Therefore, at March 31 st,
expenditures were 4% under a straight-line average or $7,483,622. Year-end projections
through September 30, 2005 indicate that year-end expenditures of $167,555,448 will be less
than 1 % below budget.
Significant variances to budget by General Fund department are discussed below.
1. Building
Budget
FY 04/05
$5,482,359
Projected*
Sept. 30,2005
$5,632,359
Budget/Projected
Over/(Under)
$150,000
This department is expected to spend 2.7% over its budget and generate a year-end deficit of
$150,000. This is due primarily to additional staffing of 11 positions approved at mid-year to
meet the growing service demands of the construction industry as well as computer system
enhancements to improve customer service. These costs will be offset primarily by higher than
anticipated permit revenues.
2. Capital Improvement Program
Budget
FY 04/05
$2,767,082
Projected*
Sept. 30,2005
$2,567,082
Budget/Projected
Over/(Under)
($200,000)
This department is expected to expend 92.8% of its budget and generate a year-end surplus
of $200,000 due primarily to unfilled vacant positions.
3. Fire
Budget
FY 04/05
$36,350,494
Projected*
Sept. 30, 2005
$36,725,494
Budget/Projected
Over/(Under)
$375,000
This department is projected to spend 1 % over its budget and generate a year-end deficit of
$375,000. This is primarily due to higher than anticipated overtime usage and ordinance-
mandated staffing levels.
4. Parks and Recreation
Budget
FY 04/05
$21,515,815
Projected*
Sept. 30, 2005
$21,415,815
Budget/Projected
Over/(Under)
($100,000)
This department is expected to expend 99.6% of its approved budget and generate a year-end
surplus of $100,000 due primarily to unfilled positions and savings in operating expenses.
5. Public Works
Budget
FY 04/05
$6,073,888
Projected*
Sept. 30, 2005
$5,943,888
Budget/Projected
Over/(Under)
($130,000)
The Public Works Department is expected to spend 97.9% of its budget and generate a year-
end surplus of $130,000 due primarily to vacant positions.
6. Tourism & Cultural Development
Budget
FY 04/05
$2,397,835
Projected*
Sept. 30,2005
$2,282,835
Budget/Projected
Over/(Under)
($115,000)
This department is expected to spend 95.2% of its budget and generate a year-end surplus of
$115,000 due primarily to the delay in opening of the Colony Theatre.
Note: * Does not include encumbrances.
ENTERPRISE FUNDS
The City accounts for proprietary operations in Enterprise Funds. Convention Center, Parking,
Sanitation, Sewer, Stormwater, and Water are included within this grouping. Based upon our
review, all funds will operate at budget or at a surplus. For a detail of Enterprise Fund
Revenues and Expenses by department, see "Attachment B."
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 except the Fleet Management
Fund will operate at budget or at a surplus. We anticipate that the Fleet Management Fund will
require a budget amendment for the additional cost of fuel. 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 Funds
as of March 31, 2005, with projections through September 30, 2005, is presented as part of
our on-going efforts to keep the Commission informed of the status of the FY 04/05 Budget.
Measures will be taken by the Administration to ensure that revenue targets are achieved and
expenditures are curtailed to ensure that we close the fiscal year in a positive position and
balanced with overall revenues exceeding overall expenses.
JMG/KGB/Jeq.{
Attachments A-C
ATTACHMENT A
FY 2004/05 General Fund Operating Summary Projection
REVENUES
Ad Valorem Taxes
Millage-Capital Renewal & Replace.
Other Taxes
Licenses and Permits
Intergovernmental
Charges for Services
Fines and Forfeits
Interest Earnings
Rents and Leases
Miscellaneous
Other - Resort Tax contribution
Other - Non Operating revenues
Fund Balance
TOTAL REVENUES
EXPENDITURES
Mayor and Commission
City Manager
Communications
City Clerk
Finance
Office of Budget & Perf Improve.
Human Resources
Labor Relations
Procurement
City Attorney
Economic Development
Building
Planning
Tourism & Cultural Development
Neighborhood Services
Parks and Recreation
Public Works
Capital Improvement Program
Fire
Police
Citywide Accounts
Citywide Accounts-Normandy Shore
MillaCle-Capital Renewal & Replace.
TOTAL EXPENDITURES
Adopted As of Projected
FY 2004/05 Mar.31, 2005 FY 2004/05
$ 78,126,160 $ 62,728,247 $ 77,826,160
1,347,070 0 1,347,070
19,568,600 8,666,796 20,094,300
11,446,631 7,308,325 12,110,736
11,117,000 3,868,358 11,338,000
6,141,136 3,302,736 6,291,166
1,404,000 644,307 1,546,200
2,836,880 1,240,238 2,884,000
2,679,145 968,696 2,748,969
6,409,227 2,063,630 6,220,497
18,928,608 9,033,837 18,928,608
8,165,421 0 8,165,421
0 0 0
$168,169,878 $ 99,825,170 $ 169,501,127
$ 1,260,879 $ 568,302 $ 1,235,879
1,888,209 900,854 1,818,209
272,588 64,016 222,588
1,527,654 616,230 1,507,974
3,460,126 1,591,701 3,397,126
1,549,053 651,578 1,514,053
1,393,979 580,516 1,348,979
193,332 93,018 193,332
706,999 333,979 706,999
3,198,595 1,460,883 3,205,595
854,064 352,105 825,314
5,482,359 2,504,308 5,632,359
2,615,594 1,119,917 2,535,594
2,397,835 850,221 2,282,835
3,730,078 1,616,879 3,640,078
21,515,815 8,250,588 21,415,815
6,073,888 2,464,954 5,943,888
2,767,082 1,021,440 2,567,082
36,350,494 17,785,022 36,725,494
61,372,608 30,705,503 61,297,608
8,074,914 3,069,303 8,054,914
136,663 0 136,663
1,347,070 0 1,347,070
$168,169,878 $ 76,601,317 $ 167,555,448
1$
1 ,945,6791 I $
o $ 23,223,853 $
$ (300,000)
0
525,700
664,105
221,000
150,030
142,200
47,120
69,824
(188,730)
0
0
0
$ 1,331,249
$ (25,000)
(70,000)
(50,000)
(19,680)
(63,000)
(35,000)
(45,000)
0
0
7,000
(28,750)
150,000
(80,000)
(115,000)
(90,000)
(100,000)
(130,000)
(200,000)
375,000
(75,000)
(20,000)
0
0
$ (614,430)
1,945,6791
ATTACHMENT B
FY 2004/2005 Enterprise Funds Summary Projection
CONVENTION CENTERfTOPA
REVENUES
CHARGES FOR SERVICES
Rents and Leases
Concessions
Telephones
Electrical Income
Services
Miscellaneous and Other
Subtotal
OTHER
Convention Development Tax
Interest Earnings
Retained Earnings
Subtotal
TOTAL REVENUES
EXPENSES
Payroll and Fringes
Operating
Electricity
Management Fees to GF
Depreciation
Capital
TOTAL EXPENSES
Adopted As of Projected
FY 2004/05 Mar. 31, 2005 FY 2004/05
$ 4,632,970 $ 3,129,298 $ 4,859,640
1,414,988 1,045,858 1,501,378
332,887 245,674 357,331
985,513 729,136 902,956
454,736 390,921 509,250
577 ,430 398,470 519,642
$ 8,398,524 $ 5,939,357 $ 8,650,197
$ 3,060,000 $ 0 $ 3,060,000
38,850 34,121 66,250
3,075,000 1,958,651 3,075,000
$ 6,173,850 $ 1,992,772 $ 6,201,250
$14,572,374 $ 7,932,129 $ 14,851,447
$ 4,816,082 $ 2,173,545 $ 4,520,536
4,786,692 2,137,690 4,801,957
1,154,000 829,080 1,430,990
740,600 370,300 740,600
3,075,000 1,958,651 3,075,000
0 0 0
$14,572,374 $ 7,469,266 $ 14,569,083
1$
282,36411 $
o $
462,863 $
$ 226,670
86,390
24,444
(82,557)
54,514
(57,788)
$ 251,673
$0
27,400
0
$ 27,400
$ 279,073
$ (295,546)
15,265
276,990
0
0
0
$ (3,291 )
282,3641
FY 2004/2005 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
Contributions to ElectrowavelTransp.
Debt Service
Capital
TOTAL EXPENSES
Adopted As of Projected
FY 2004/05 Mar. 31, 2005 FY 2004/05
$ 10,656,626 $ 5,322,740 $ 10,656,626
3,217,495 1,050,802 3,217,495
1,676,500 980,690 1,850,000
623,039 524,926 700,000
580,000 314,134 590,000
3,488,500 2,205,180 3,800,000
379,600 284,565 425,000
390,000 191,130 390,000
150,000 89,215 165,000
$21,161,760 $ 10,963,382 $ 21,794,121
$ 300,000 $ 314,906 $ 550,000
104,930 16,231 85,000
$ 404,930 $ 331,137 $ 635,000
$ 21,566,690 $ 11,294,519 $ 22,429,121
$ 5,932,492 $ 2,622,102 $ 5,734,344
7,368,183 2,949,637 7,298,074
2,433,400 1,216,700 2,433,400
1,633,409 592,559 1,633,409
1,600,000 800,000 1,600,000
2,186,106 1 ,281,285 2,186,106
413,100 241 ,453 581,049
$ 21,566,690 $ 9,703,736 $ 21 ,466,382
1$
962,73911 $
o $ 1,590,783 $
Proj - Adptd
Over/(Under)
$ 0
0
173,500
76,961
10,000
311,500
45,400
0
15,000
$ 632,361
$250,000
(19,930)
$230,070
$ 862,431
$ (198,148)
(70,109)
0
0
0
0
167,949
$ (100,308)
962,7391
FY 2004/2005 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
Interest Earnings/Other
Retained Earnings
Stormwater Fund Contribution
Subtotal
TOTAL REVENUES
EXPENSES
Payroll & Fringes
Operating
Garbage Contracts
Management Fees to GF
Depreciation
Debt Service - Loan Program
Capital
TOTAL EXPENSES
Adopted As of Projected
FY 2004/05 Mar. 31, 2005 FY 2004/05
$ 2,946,236 $ 1,416,732 $ 2,813,652
1,879,452 855,227 1,933,400
238,243 111 ,189 258,507
20,400 19,740 36,000
357,875 230,545 400,000
663,093 245,433 525,000
724,461 345,502 694,450
50,000 32,975 52,800
$ 6,879,760 $ 3,257,343 $ 6,713,809
$ 430,437 $ 40,325 $ 560,237
0 0 0
381 ,542 190,771 381,542
$ 811,979 $ 231,096 $ 941,779
$ 7,691,739 $ 3,488,439 $ 7,655,588
$ 3,923,475 $ 1,501,272 $ 3,296,939
1,328,536 759,510 1 ,495,345
1,779,850 958,933 1,953,023
264,500 132,250 264,500
195,378 114,139 228,279
150,000 75,000 150,000
50,000 21,597 112,995
$ 7,691,739 $ 3,562,701 $ 7,501,081
1$
154,50711 $
o $
(74,262) $
Proj - Adptd
Over/(Under
$ (132,584)
53,948
20,264
15,600
42,125
(138,093)
(30,011 )
2,800
$ (165,951 \
$ 129,800
0
0
$ 129,800
$ (36,151)
$ (626,536)
166,809
173,173
0
32,901
0
62,995
$ (190,658)
154,5071
FY 2004/2005 Enterprise Funds Summary Projection
SEWER OPERATIONS
REVENUES
CHARGES FOR SERVICES
Sewer User Fees
Sewer Connection Fees
Sewer Fees-Cities
Subtotal
OTHER
Interest Earnings
Miscellaneous
Retained Earnings
Subtotal
TOTAL REVENUES
EXPENSES
Payroll & Fringes
Operating
Sewer Treatment
Management Fees to GF
DERM Fee
Depreciation
Debt Service
Capital
TOTAL EXPENSES
Adopted As of Projected
FY 2004/05 Mar. 31, 2005 FY 2004/05
$ 23,691 ,000 $ 9,976,927 $ 23,991 ,000
65,000 33,400 70,000
2,200,000 1,028,624 2,200,000
$ 25,956,000 $ 11,038,951 $ 26,261 ,000
$ 24,000 $ 46,069 $ 95,000
530,000 367,253 530,000
337,000 130,043 337,000
$ 891,000 $ 543,365 $ 962,000
$ 26,847,000 $ 11,582,316 $ 27,223,000
$ 1,979,428 $ 985,066 $ 2,073,428
2,542,434 1,273,724 2,532,434
13,843,500 5,450,694 13,443,500
1,398,957 694,479 1,398,957
1,737,750 1,789,189 1,789,189
1,080,000 518,855 1,080,000
3,507,931 1,386,526 3,507,931
757,000 130,043 757,000
$ 26,847,000 $ 12,228,576 $ 26,582,439
1$
640,561 II $
o $
(646,260) $
$ 300,000
5,000
0
$ 305,000
$ 71,000
0
0
$ 71,000
$ 376,000
$ 94,000
(10,000)
(400,000)
0
51 ,439
0
0
0
$ (264,561 )
640,561 I
FY 2004/2005 Enterprise Funds Summary Projection
STORMWATER
REVENUES
Stormwater Fees
Interest Earnings
Other
TOTAL REVENUES
EXPENSES
Payroll & Fringes
Operating
Contribution Sanitation
Management Fees to GF
Depreciation
Debt Service
Capital
TOTAL EXPENSES
Adopted As of Projected
FY 2004/05 Mar. 31, 2005 FY 2004/05
$ 7,970,000 $ 3,924,785 $ 7,970,000 $
60,000 78,308 146,000
20,000 390 15,000
$ 8,050,000 $ 4,003,483 $ 8,131,000 $
$ 1,208,532 $ 518,645 $ 1,179,532
1,548,426 460,252 1,423,426
381,542 190,771 381 ,542
264,500 132,250 264,500
130,000 44,504 130,000
3,575,000 1,787,500 3,575,000
942,000 30,044 942,000
$ 8,050,000 $ 3,163,966 $ 7,896,000
1$
235,000 II $
o $
839,517 $
$ (29,000)
(125,000)
0
0
0
0
0
$ (154,000'
235,000 I
FY 2004/2005 Enterprise Funds Summary Projection
WATER OPERATIONS
REVENUES
CHARGES FOR SERVICES
Water Sales
Firelines
Water Connection Fees
Water Tapping
Subtotal
OTHER
Interest Earnings
Miscellaneous
Retained Earnings
Subtotal
TOTAL REVENUES
EXPENSES
Payroll & Fringes
Operating
Water Purchase
Management Fees to GF
DERM Fee
Depreciation
Debt Service
Capital
TOTAL EXPENSES
Adopted As of Projected
FY 2004/05 Mar. 31, 2005 FY 2004/05
$18,377,000 $ 7,572,381 $19,100,000
100,000 98,184 140,000
5,000 298 3,000
200,000 130,898 220,000
$ 18,682,000 $ 7,801,761 $ 19,463,000
$ 10,000 $ 19,203 $ 40,000
500,000 347,514 500,000
906,000 204,308 706,000
$ 1,416,000 $ 571,025 $ 1,246,000
$ 20,098,000 $ 8,372,786 $ 20,709,000
$ 3,251,088 $ 1,495,859 $ 3,219,088
2,299,203 985,959 2,264,203
6,584,292 2,796,914 6,684,292
1,673,843 836,922 1,673,843
1,350,000 1,494,653 1,494,653
660,000 304,815 660,000
2,899,574 1 ,146,404 2,899,574
1,380,000 204,308 1,180,000
$ 20,098,000 $ 9,265,834 $ 20,075,653
1$
633,34711 $
o $
(893,048) $
$ 723,000
40,000
(2,000)
20,000
$ 781,000
$ 30,000
0
(200,000)
$ (170,000)
$ 611,000
$
$
633,3471
ATTACHMENT C
FY 2004/20~5 Internal Service Funds Summary Projection
CENTRAL SERVICES
REVENUES
Inter-departmental Charges
Charges to Outside Users
Interest
Retained Earnings
TOTAL REVENUES
EXPENSES
Payroll & Fringes
Operating
Postage
Depreciation
Capital
TOTAL EXPENSES
Adopted As of Projected
FY 2004/05 Mar 31, 2005 FY 2004/05
$697,066 $355,881 $697,066
$0 $20,281 $30,000
1,500 1,943 4,000
54,750 27,375 54,750
$753,316 $405,480 $785,816
$302,078 $144,233 $302,078
289,484 92,053 289,484
155,610 101,889 175,000
6,144 1,546 3,092
0 0 0
$753,316 $339,721 $769,654
$0
$65,759
$16,162\ I
$0
30,000
2,500
o
$32,500
$0
o
19,390
(3,052)
o
$16,338
$16,162\
FY 2004/2005 Internal Service Funds Summary Projection
FLEET MANAGEMENT
REVENUES
Inter-departmental Charges
Sale of City Property
Interest/Other
Motor Fuel Tax Refund
Retained Earnings
TOTAL REVENUES
EXPENSES
Payroll & Fringes
Operating
Fuel
Debt Service
Capital
TOTAL EXPENSES
Adopted As of Projected
FY 2004/05 Mar 31, 2005 FY 2004/05
$5,166,317 $3,045,222 $5,590,000
220,000 0 150,000
123,321 53,082 123,321
85,000 32,970 85,000
77,500 4,299 77,500
$5,672,138 $3,135,573 $6,025,821
$1,226,440 $543,527 $1,134,224
1,798,252 722,316 1,798,252
1,278,800 813,157 1,680,000
1,291,146 0 1,291,146
77,500 4,299 72,500
$5,672,138 $2,083,299 $5,976,122
$0
$1,052,274
$49,6991 I
$423,683
(70,000)
o
o
o
$353,683
($92,216)
o
401,200
o
(5,000)
$303,984
$49,6991
FY 2004/2005 Internal Service Funds Summary Projection
INFORMATION TECHNOLOGY
REVENUES
Inter-departmental Charges
Other/l nterest
Retained Earnings
TOTAL REVENUES
EXPENSES
Payroll & Fringes
Operating
Telephone
Depreciation
Debt Service
Capital
TOTAL EXPENSES
Adopted As of Projected
FY 2004/05 Mar 31,2005 FY 2004/05
$8,516,394
75,377
2,500,000
$11,091,771
$4,239,779
18,356
922,195
$5,180,330
$8,516,394
50,000
2,500,000
$11,066,394
$3,497,803 $1,501,217 $3,347,803
2,591,066 1,432,704 2,591,066
1,167,687 458,511 1,167,687
1,085,789 276,132 1,085,789
249,426 0 249,426
2,500,000 922,195 2,500,000
$11,091,771 $4,590,759 $10,941,771
$0
$589,571
$124,6231 I
$0
(25,377)
o
($25,377)
($150,000)
o
o
o
o
o
($150,000)
$124,6231
FY 2004/2005 Internal Service Funds Summary Projection
PROPERTY MANAGEMENT
REVENUES
Inter-departmental Charges
Other/I nterest
Construction Projects
Retained Earnings
TOTAL REVENUES
EXPENSES
Payroll & Fringes
Operating
Depreciation
Capital
TOTAL EXPENSES
Adopted As of Projected
FY 2004/05 Mar 31, 2005 FY 2004/05
$6,609,649 $3,303,850 $6,609,649
5,000 1,407 3,000
634,737 67,621 500,000
72,050 7,475 72,050
$7,321,436 $3,380,353 $7,184,699
$3,460,671 $1,578,728 $3,325,671
3,603,715 1,622,080 3,563,715
185,000 110,159 220,318
72,050 7,475 72,050
$7,321,436 $3,318,442 $7,181,754
$0
$61,911
$2,9451 I
$0
(2,000)
(134,737)
o
($136,737)
($135,000)
(40,000)
35,318
o
($139,682)
$2,9451
FY 2004/2005 Internal Service Funds Summary Projection
Adopted As of Projected
RISK MANAGEMENT FY 2004/05 Mar 31, 2005 FY 2004/05
REVENUES
Inter-departmental Charges $13,243,922 $7,033,350 $13,243,922 $0
Other/l nterest 100,000 54,033 110,000 10,000
Retained Earnings 2,279,000 0 2,279,000 0
TOTAL REVENUES $15,622,922 $7,087,383 $15,632,922 $10,000
EXPENSES
Operating $1,428,841 $349,605 $1,428,841 $0
Administrative Fees 674,481 337,240 674,481 0
Non-Operating 13,519,600 4,640,137 13,519,600 0
TOTAL EXPENSES $15,622,922 $5,326,982 $15,622,922 $0
$0 $1,760,401 $10,000 I $10,000 I
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