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budget. The majority of these savings are in the personnel category. The 2011 Budgets included <br /> increases in compensation for non-union personnel. These increases have not been implemented as of <br /> the third quarter 2011. <br /> The current 2011 projection for the General Fund as a whole is a net favorable variance of$311,100. <br /> Water Fund <br /> 8. The revenues reflect the utility billings through the third quarter. Our utility customers are billed on a <br /> quarterly basis, with each of our three billing districts being billed every three months. Year-to-date <br /> revenues are $942,684 (60.6% of budget) compared to last year of $955,136 (63.4% of budget). <br /> Considering the wet weather experienced this spring and early summer coupled with having little <br /> precipitation since then, Public Works is forecasting revenues to meet budget. Expenses are at <br /> 69.7% of budget so far. <br /> Sewer Fund <br /> 9. Revenues are up 6.6% from last year($1,729,518 compared to $1,622,698 in 2010). The forecast for <br /> revenues is about$56,000 below budget. The contractual services budget category includes payments <br /> to MCES for sanitary sewer treatment. The 2011 budget for treatment of our sanitary sewer is <br /> $1,269,900; $952,459 or 50.0% of the budget has been spent through the third quarter. <br /> Stormwater Fund <br /> 10. Revenues are less than last year; $495,226 compared to $531,543 last year. This is expected since the <br /> user rates were decreased from last year. Expenses are currently at 71.0%of the annual budget. <br /> Street Light Fund <br /> 11. Revenues are up from last year at this time due to the rate increase. $132,070 compared to $123,517 <br /> in 2010. Expenses are currently at 67.6% of the annual budget. <br /> Golf Course Fund <br /> 12. Revenues are behind last year; $232,945 compared to $284,251 last year. Considering the wet spring <br /> and hot mid-simmer months, revenue projections indicate 2011 will end with an unfavorable revenue <br /> variance of$80,000. Expenses are $240,661 or 64.7% of the budget, while last year at this time they <br /> were $221,609 or 50.6% of the budget. Total expenses are forecasted to end the year with a favorable <br /> variance of$19,200. <br /> r <br /> /'6 A 41 e-6((/' <br /> Dan Maiers, Finance Director <br />