HomeMy WebLinkAbout02-19-2013 B1 Padilla 3RECEIVED
FEB 12 2013
i councit MCM01 Anbam-,cLE R
City of San LUIS OBISPO, finance and I.t;. depautment
DATE: February 12, 2013
TO: Mayor & Council Members
VIA: Katie Lichtig, City Manager
FROM: Wayne Padilla, Interim Finance Director
AGENDA
CORRESPONDENCE
Date2 // T /1,3 Item#
SUBJECT: Supplemental Schedule for the Agenda item on the mid -year financial update
I received a request to provide a supplemental schedule for the mid -year financial update and I
am happy to do so. Please find attached a supplemental schedule for the mid -year financial
update which includes a column showing the change in the General Fund's Revised Projection
amounts compared to the Original Budget as a percentage. This value is derived by dividing the
amount of the variance shown by the Original Budget value for each line item in the report.
The original page can be found in the mid -year financial update document at page B22. Only the
percentage column was added and no other values have been changed.
Please feel free to contact me with any questions you may have by calling me at 781 -7125 or by
e -mail at wpadiIIaCa),sIoc.ity.org.
HAinformation memos \COUNCIL MEMO RAND UM- investments.doex
CHANGES IN FINANCIAL POSITION
GENERAL FUND
2011 -12 2012 -13
Original Revised Variance 0
Actual Budget Projection Variance* a Percentage
Encumbrances: 1,395,872 1,395,872
Carryover /Unused Appropriations: 883,400 883,400
Fund Balance Programmed for 2012 -13 costs: 2,279,272 2,279,272
Revenues
Tax Revenues
Fines and Forfeitures
Investment and Property Revenues
Subventions and Grants
Service Charges
Other Revenues
Total Revenues
Total Resouces Available in Current Year:
Expenditures
Public Safety
Transportation
Leisure, Cultural, and Social Services
Community Development
General Government
Total Program Expenditures
Reimbursed Expenditures
Total Expenditures
Other Sources (Uses)
Transfers In
Transfers Out
Proceeds from Debt Issuance /Premium
Other financing use - defeasance
Cost of debt issuance
MOA & Other Compensation Adj.
Expenditure Savings
Total Other Sources (Uses)
Revenues and Other Sources Over (Under)
Expenditures and Other Uses
45,944,236
46,972,800
47,320,048
347,248
0.74%
174,331
162,600
167,250
4,650
2.86%
588,451
695,500
289,000
(406,500)
- 58.45%
610,099
321,500
1,502,973
1,181,473
367.49%
6,285,206
5,448,900
5,739,912
291,012
5.34%
86,330
75,000
524,617
449,617
599.49%
53,688,653
53,676,300
55,543,800
1,867,500
55,955,572 57,823,072
23,953,319
24,849,000
25,113,900
(264,900)
1.07%
2,865,100
3,267,800
3,397,603
(129,803)
3.97%
6,704,245
7,199,200
7,234,100
(34,900)
0.48%
5,514,256
6,023,400
7,364,857
(1,341,457)
22.27%
11,950,048
12,662,200
13,563,200
(901,000)
7.12%
50,986,968
54,001,600
56,673,660
(2,672,060)
$2,628,015
(3,774,900)
(3,732,100)
(3,732,100)
47,212,068
50,269,500
52,941,560
(2,672,060)
1,407,600
1,281,100
1,395,490
114,390
8.93%
(6,713,600)
(6,655,900)
(6,695,100)
(39,200)
0.59%
5,386,300
(5,571,500)
(207,000)
540,900
540,900
1,585,000
1,585,000
(5,698,200)
(3,248,900)
(3,173,710)
75,190
778,385
2,437,172
1,707,802
(729,370)
Fund Balances, Beginning of Year
12,907,900
10,963,800 10,804,213 (159,587)
Fund Balances, End of Year
$13,686,285
$13,400,972 $12,512,015 ($888,957)
Fund Balance Components:
Total Fund Balance:
$13,686,285
Encumbrances:
($1,395,872)
Carryover /Unused Appropriations:
($883,400)
Debt Service Reserve:
($602,800)
Unrestricted Fund Balance:
$10,804,213
$12,512,015
Policy Reserve Level @
20% $9,160,900
$9,884,000
Amount Over (Under) Policy Reserve
$1,643,313
$2,628,015
* See page B -48 for explanation. B -22