CCP 08-24-2010 - Laserfiche WebLink

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4. Intergovernmental The budget for intergovernmental revenues includes $ - 0 - for LGA, $ - 0 - for Market Value Homestead Credit (MVHC) and $190,500 for Police Aid and $120,000 for Fire Aid from the State. Police and Fire Aid are received in a lump sum in October. Year-to-date revenues for this category are $359,923 compared to $372,232 last year. 5. Charges for Services Some of the anticipated revenues included in this category are as follows: • License Bureau - Year-to-date revenues are $76,050 (57.2% of annual budget) compared to $70, 214 last year at this time. • Xcel Energy Franchise Fees - Year-to-date revenues are $241,371 compared to $266,890 as of the end of the second quarter last year. • Recreation programs — Year-to-date second quarter revenues are $175,639 for 2010 compared to $206,074 for 2009. • Family Service Center memberships and daily passes — Revenues are at 50.8% of budget or $217,298, compared to $228,108 last year. Current FSC revenue projections for the year are $160,000 below the amount anticipated in the budget. 6. Interest Revenue Investment earnings are allocated on a quarterly basis. The second quarter's allocation will be recorded in July. Total interest revenues for the year are projected to be $5,700 below budget. Overall, General Fund revenues are presently projected to end the year at approximately $340,700 below the amount anticipated in the amended budget. The 2010 General Fund budget includes the use or reserves in the amount of $122,800. The difference is $217,900. General Fund Expenditures 7. With 50% of the year having passed, 44.6% of the total budgeted appropriations have been utilized. As of the second quarter last year, 46.7% of the total budgeted appropriations had been utilized. Current projections for 2010 are that the total expenditures will be $282,100 under the amended budget. The current projections are $58,600 net expenditures over revenues compared to the amended budget of $122,800 net expenditures over revenues. This is a net positive variance of $64,200. Water Fund 8. The revenues reflect the utility billings through the second 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 $545,254 (36.2% of budget) compared to last year of $540,596 (36.8% of budget). Expenses are at 48.1% of budget so far. Sewer Fund 9. Revenues are similar to last year ($1,067,421 compared to $1,070,929 in 2009). The contractual services budget category includes payments to MCES for sanitary sewer treatment. The 2010 budget for treatment of our sanitary sewer is $1,264,500; $632,251 or 50.0% of the budget has been spent through the second quarter. Page 2 of 3