CCP 11-13-2007 - Laserfiche WebLink

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• Cable franchise fees - $101,344 year-to-date, compared to $93,2901ast year. • Forestry charges - $24,262 so far this year, while $27,971 last year at this time. • Recreation programs -revenues are $352,462 so far for 2007 (93% of the budget) compared to $309,657 in 2006. • FSC memberships and daily passes revenues - $299,236 as of the end of the third quarter (61% of the total budgeted); last year was very similar at $310,714. 6. Interest Earnings Investment earnings are allocated on a quarterly basis. The third quarter's allocation will be recorded in October. Year-to-date revenues from interest earnings are $84,590, or 84.6% of the budget. The 2007 Budget anticipated $100,000 of interest earnings. $140,000 is currently projected for interest earnings in 2007. 7. Transfers In The budget of $157,500 includes $100,000 from the IT Fund and $57,500 from the Municipal Development Fund for the Comprehensive Plan Update. The scope of the Comprehensive Plan Update has been scaled back so this transfer will be reduced accordingly (see comments below regarding Community Development expenditures). General Fund Expenditures _ _ _ _._ 8. With 75% of the year gone, 73.5% of the total budgeted appropriations have been utilized. At this time last year 68.2% of the total budgeted appropriations had been utilized. This year is very similar to last year in that regard. - • Administration -Projections for personnel indicate potential savings of about $75,000 from. vacancies and subsequent rehires at rates less than budgeted. • Central Services -Currently at 55.5% of total budget; included in the budget of $198,300 is $57,500 for a contribution to fund balance. The contribution to fund balance will not be spent as normal budget appropriations are. Instead it is a budgeted'increase to the General Fund's reserves; •~ • Elections -Only 47.6% of the budget has been utilized at the end of the third quarter; most of the expenditures (election judges) will occur near the election on November 6. • Community Development -Savings of about $37;000 are expected due to the retirement of the Sanitarian, the subsequent vacancy, restructuring, and hiring of a different position at a lesser rate. The contractual services category of the budget includes appropriations for the Comprehensive Plan Update. The scope of this project has been scaled back. The currently expected costs have been reduced by $32,000. These costs maybe incurred late in 2007 or early in 2008. This project is to be financed by the Municipal Development Fund. The transfer will be reduced as appropriate (see comments above regarding Transfer In revenues). • Recycling -Our waste removal contract was renegotiated resulting in an expected savings of about $34,000. • Fire - 58.4% of the budget has been used; included in the budget for this department is $164,900 for firefighters' pensions which will be paid out in October when the State Aid revenue is received. • Transfers - $1,517,528 has been transferred so far out of a budget of $1,548,400; although it is already at 98.0% of the budget, it will not exceed it. Operating departments in the General Fund have reviewed and updated their year-end projections for 2007. Overall for the General Fund, current year-end projections indicate a potential surplus of about $200,000 of which $57,500 was anticipated for in the budget. Water Fund 9. Revenues from operations are $769,469 compared to $718,5431ast year, for an increase of 7.1%.