Res 1978-014 - Laserfiche WebLink

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r\ I TO: FROM: SUBJECT: DATE: c :37 I ~ f SanA1Prros OFFICE MEMORANDUM Mayor and Mallbers of the City Cooocil C.J. Webster, City Manager Anrluar?Auclit, r>t:' Man January 27, 1978 RE: I I CSM-l00 Attached are a series of tables and other infornation that I believe puts the audit into a rrore ooderstandable fom. There are several key elenents that I would like to p:lint out. 1. The revised general ftmd budget for revenues was $2,699,507 but we brought in $2,891,176 - an overage of $191,669. Major sources of these overages are Revenues from other agencies ($133,491 over budget) and taxes ($20,590). The major source of overage in Revenues from other agencies was from the anti -recession foods. 2. The revised expenditure in the general fund was $2,569,992 but only $2,500,948 was spent leaving a surplus of $69,044. As I mentioned, the changes in CETA foods make it appear that several depar\:lrents overran their budget. In fact only three depar\:lrents overran their budgets - Criminal Investigation, Unifom Patrol and Parks and Recreation. None of these was overly significant. Several depar\:lrents under spent their budgets - Sanitation ($8,616) and Tax ($5,328) IlDst notably. These figures reflect the actual, after taking into aCCO\IDt the CETA Funds. 'lWo depar\:lrents - Engineering and Streets appear to be way \IDderspent but the difference is the result of Revenue Sharing funds, which will be spent in the near future. The entire General Fund was \IDderspent by $3,802 after the revenues sharing, CETA, IDA and other unbudgEited revenues are reversed out of the expenditures. 3. The =rent cash balance in the general f\IDd is $513,186, a significant :i.nproverrent aver the 1976 figure of $196,813. A p:lrtion of this balance is revenue sharing f\IDds already restricted ($26,760) and this arrount is further offset by lJayables of $221,323. Reducing the cash balance by this am:J\IDt leaves us a balance of $265,103. We also have $331,891 of aCCO\IDts receivable, which I will discuss later.. Some of this is Revenue Sharing which is already appropriated, and some is delinquent taxes which we have budgeted for collection into the =rent years budget. Nonetheless at least $75,000 will be available to the City as an addition to the cash balance of the City. As Ii result I would anticipate that we will have a cash reserve of about tt