Title
PRESENTATION OF THE JUNE GENERAL FUND FINANCIAL DASHBOARD
Body
Issue/Request:
PRESENTATION OF THE JUNE GENERAL FUND FINANCIAL DASHBOARD
Key Issues:
The FY17 Monthly Financial Report for June is the YTD budget performance of the General Fund as of June 30. Preliminary unaudited total revenues are $66,362,541. This is $2,851,248 (4.5%) over budgeted total revenue. Preliminary total expenditure for June YTD is $65,440,357.
Background:
Revenue Details:
Fines & Forfeiture revenue for FY17 was $1,257,536. This is 11% under budget and a 16.6% decrease from FY16. This was the result of fewer cases filed at Municipal Court as well as legislative changes at the state level that impacted revenue.
Expenditure Details:
Total Expenditure of the General Fund through June 30, 2017, is $65,440,357. Preliminary total expenditures are currently 1.8% under budgeted amounts YTD.
Though the Fiscal Year is over, transactions are still being processed for the previous fiscal year. EATs, Fuels & Lubricants, and Other Supplies & Services account categories are expected to continue to change over the next month.
Presenter
Presenter: Jack Feldman, Management Analyst
Recommendation
Recommention: N/A