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Street Light System Fund Summary <br />The Street Light System Fund includes activities associated with the City’s streets light system. Its primary <br />funding source are fixed based fees charged to all City property owners. <br /> <br />The following table depicts the 2020 financial activity for the Street Light System Fund for the fiscal period ending <br />March 31, 2020 (unaudited). <br /> <br />2020 2020 % %*Rounded nearest 100 <br />Budget Actual YTD Actual Expect Diff Amount <br />Revenues <br />Charges for Service 305,200$ 27,600$ 9.0% 8.9% 0.2% 500$ <br />Miscellaneous 1,700 (205) -12.0% 7.5% -19.5% (300) <br />Total Revenues 306,900$ 27,395$ 9.0% 8.9% 0.1% 200$ <br />Expenditures <br />Materials 9,000$ -$ 0.0% 0.0% 0.0%-$ <br />Contractual Service 187,200 21,175 11.3% 11.6% -0.3% (500) <br />Transfers Out 31,600 7,899 25.0% 25.0% 0.0%- <br />Total Operations 227,800 29,074 12.8% 13.0% -0.2% (500)$ <br />Capital 708,000 - <br />Total Expenditures 935,800$ 29,074$ <br />Net Revenues Over/(Under) <br />Expenditures (628,900)$ (1,679)$ <br /> <br /> <br />Comments <br />The Street Light System Fund revenues and expenditures are within expected levels. <br /> <br />As of March 31, the street light system fund has a positive cash balance of $226,894. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />________________________ <br />Gina Smith <br />Interim Finance Director