CCP 05-27-2008 - Laserfiche WebLink

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• 4. Intergovernmental The budget for intergovernmental revenues includes $210,000 of Market Value Homestead Credit (MVHC) and $320,500 of Police and Fire Aid from the State. The timing for receipt of MVHC is similar to property taxes. It is distributed 50% halfway through the year and 50% at the end of the year. Police ($190,500 budgeted for 2008) and Fire Aid ($130,000 in 2008 budget) are received in a lump sum in October. Year-to-date revenues for this category are $117,634 compared to $93,763 last year. The most significant amount of revenues realized in the first quarter is $79,540 for MSA maintenance aid from the State. 5. Charges for Services Some of the anticipated revenues included in this category are as follows: • License Bureau - Year-to-date revenues are $32,590 (23.3% of annual budget) compared to $35,279 last year at this time. • Xcel Energy Franchise Fees - Year-to-date revenues are $129,806 compared to $114,998 for the first quarter last year. • Recreation programs — First quarter revenues are $61,922 for 2008 compared to $80,800 for 2007. • FSC Memberships - $201,925 in the first quarter (48.1% of the annual budget) compared to $146,217 in the first quarter last year. This is a little misleading since some revenue for 2008 has been recognized on the cash basis, instead of the accrual basis. As the year progresses, it should work itself out for the most part. The percentage to budget should level out. 6. Interest Investment earnings are allocated on a quarterly basis. The first quarter's allocation will be recorded • in April. General Fund Expenditures 7. With 25% of the year gone, 26.3% of the total budgeted appropriations have been utilized. As of the first quarter last year, 23.9% of the total budgeted appropriations had been utilized. Expenditures are not always uniform throughout the year. For example, almost the entire amount budgeted in Administration for subscriptions and memberships has been expended. This is expected since they are billed annually at the beginning of the year. I have no concerns at this time in this area. Water Fund 8. The revenues reflect the utility billings for the first quarter. Our utility customers are billed on a quarterly basis, with each of our three billing districts being billed every three months. Year-to-date revenues are $236,339 (15.8% of budget) compared to last year of $205,447 (12.7% of budget). Expenses are 22.9% so far. Sewer Fund 9. Revenues are similar to last year ($495,915 compared to $466,133). The contractual services budget category includes payments to MCES for sanitary sewer treatment. The 2008 budget for treatment of our sanitary sewer is $1,188,300; $297,069 or 25.0% of the budget has been spent for the first quarter. 0 Page 2 of 3