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HomeMy WebLinkAboutAgenda Report - April 20, 2005 K-05AGENDA ITEM 4465 is% CITY OF LODI COUNCIL COMMUNICATION M AGENDA TITLE: Receive quarterly financial report with results of operations through March 31, 2005 MEETING DATE: April 20, 2005 PREPARED BY: Finance Director RECOMMENDED ACTION: That Council receive quarterly financial report with results of operations through March 31, 2005. BACKGROUND INFORMATION: In accordance with City code section 2.12.060, the City Council shall receive a financial report at least quarterly. The financial condition of the City continues to improve in some respects. In other respects there are elements of our operations which represent greater stress points than we anticipated at the time when the financial report was given at the last quarterly financial review. Of particular concern is the Electric Utility Fund condition. Several factors have contributed to a significant degradation of the cash position of this fund. The overall cash position of the City remains anemic, but there are continuing signs of improvement. In general, we continue to see improvement in the revenues for most major elements of operations. Expenditures are on target in comparison to budget in most departments with two significant exceptions. The two major exceptions are bulk power purchases and Fire Department operations. With energy prices continuing to increase at unprecedented levels, the cost of purchasing power will significantly surpass the amount budgeted for this line item. In the Fire department, the budget for personnel services was underestimated due to the timing of implementation of the memorandum of understanding with that bargaining unit. The increases agreed upon were not sufficiently accounted for when the 2004-05 budget was prepared. The Finance Directorwill presentthe financial reportto the Council along with more detailed explanations at the Council meeting. The financial reports have not been completed as of the time of the presentation of the packet; but will be made available to the City Council prior to the Council meeting. FISCAL IMPACT: There is no direct fiscal impact related to the receipt of this quarterly financial report. FUNDING: Not applicable JRK ames R. Krueger, Fi na-nce Director APPROVED: / I4Tair King, City Manager 1 Lodi City Council Agenda Item K-5 Quarterly Financial Report and resultsoT operations March 31, 2005 2- Exhibit A VropsrtyTaxes i + 3,095,72CI I GENERAL FUND 5,318,700 1,896,57411 3,080,9341 1 58% 5,844,500,1(21 �Saiaa Taxes j f 8,639,582 8,532,897; I I I 4,344,04711 3,928,59341% j 9,205,0001(31 ! (1) 14,531,704k i 9.300,210 Fiscal Year 3-3104 3-31.05 s 76% 1 Fiscal Year Fiscal Year Fiscal Year 2004-05 Fiscal Year (75%eiapsad) (Col. ON Fiscal Year a 86% 1993.94 2002-03 2003-04 Approved 334,086 ( 200344 2004.05 % 2004-05 _ 86% 1 Act Actual Actual, 39,406 i -d Year-to{lata Realfzed a 13EGINNING Rim BALANCE 1,272911 ' `.2588278 1,094,175 1,771931 ' 1,094,175 1,763,482 1763482 ' 2,193,595 ' 55% 1 3,895,3311(6) Public Safety Fees 111,074 1, 175,191` 369,025 100,91931 10 REVENUES b y rate 176,5001 Parht and Rearcatlon Fetlb 8,� ; 693,6651 580,500 i 417.3961 VropsrtyTaxes i + 3,095,72CI I 3,473,886+ 5,318,700 1,896,57411 3,080,9341 1 58% 5,844,500,1(21 �Saiaa Taxes ! f 8,639,582 8,532,897; I 9,605,006 I 4,344,04711 3,928,59341% j 9,205,0001(31 ,OtherTexes (1) 14,531,704k i 9.300,210 1o,075,991� ; 10,563,246 T,426,329; 8,069,635 ; 76% 1 10,952,600114; 'Licenses and Permit Fees 1 410,954�I 847,543 ; 1,147,577; 1,151,350 771,865 987,035E I 86% 1,445,900�(S !Fines and Forh0tures 100,550+ 278,494 ! 334,086 ( 281,185 f 213,409) 242,254 86% 1 372,7001 !Use of Money and Property 347,241 39,406 i 54,0781 125,380 I -5,4963 52,648 42% 1 125,3801 IRevenue from other agencies 2,243,5841 4,059,062 3315,889 3,987,961 1,836,4901 2,193,595 ' 55% 1 3,895,3311(6) Public Safety Fees 111,074 1, 175,191` 369,025 100,91931 138,782 j 38% 1 176,5001 Parht and Rearcatlon Fetlb 8,� ; 693,6651 580,500 i 417.3961 537,648 93% 1 887,90D117E !C! ommunity Center Fees 414,080 3 l 522,950' � , 439,480 327,824+ , 349,291 ' I` 79% I 1 556,9001 tf71 Community Development Fees (1) 1,075,706'1 456,657 ; 536,fi10 i' 427,230 I 350,5611 434,13E " 12% ', 521,400', 'public Works Fees 285,592 r 503,933; ' 190,050 I 272,7631; 435,42 229%j 1t 3,8001 ; Fees i 468,33 .z 704,1861 42,760 f 527,987 3 542.$6 112%iAdministrative 1 751,4001 Pother Revenues 64,72111 I 315,669 317,2421 285,870 ; 171,7171 4101619 144% 1 463,7001 Trartsfire in 4,891,38811 7,052,695 7,203,0081 ! 5,966,255 3 5,202,847] 4,207 7541 _ ..�,. 71% ! ..-_._,------- 5,966,30018) TOTAL 23,665 848 35,952,235 ,17,587,189 39,773,99 23,863,232 25,611,199 641/6 41,709;311 page 1 Exhibit A i�enersP t=.und Rev+��ue �lotea. - ' (1)Amounts stated for 1993-94 revenuesare not available Is) detail for PropertyTaxes, SalesTaxesend Fees. Totals aro praWded for ampadmn purposes. SummarvAnalvsis: Revenuesfor the General Fundwere estimatedfor fiscal year 2004-05 at $39.8 million. This includes property taxes( approxlmatel $1.9 million)that will be used to fund debt service on the new policefacilities in futureyears (2005-06and beyond). Our review Indlcates that expected General Fund revenueswill will exceed estimates by approximately $1.461 million morethan the estimated total of $39.8 million. Review of details: (2) PropertyTaxes increasedby 12% between 2002-03 and 2003-04. We expectthatthe increase in, 2004-05 wOl be about 10%. (3) Sales Tax estlmatesln the approved budget showed a 12.5% increase. It appears that these estimateswill not be realized. Current expectations show a more modest increase of 8%, which includesthe opening of Lowesand Chili's. (4) OtherTaxes, which are comprised primarily of franchlseand In -lieu of franchisefees, were estimatedto grow by about 5%. Expected revenueswill be closerto 8% more than the prior year. (5) Licensesand permits,Fines and forfellures, Community Development Fees and Public Works Feesare continueto be more than expected in comparisonto estimates. These revenues show a 26% increase in comparisonthe amounts received at this point in the prior year. This trend is expectedto continue through 6130105. (6) Revenue from others includes Motor Vehicle in lieu fees and other revenuesfrom governmentalagencies, Collectionsto date are favorable in comparisonto 2003.04. However, this trend Is skewed dueto the timing of the payments. It isexpectedthat this revenue source will be approximately $93,000 lessthan budget estimates. (7) Community Center and Parks&Fieereation Fees are expectedto exceed amounts collected h 2003-04 as a of expected activity levels that are higher than estimated in the 2004-05 budget. (8) Transfers to the General Fund from the Capital Outlay Fund, which returned amounts that had been transferred in previousyears, were discontinued in fiscal year 2004-05. rage 2 Exhibit A page 3 p g C D E G i K ILI II im 0 jpj 5, Fiscal Year 3-31-04 ss FlscatYear Fiscal Year Fiscal Year 2004-05 Fiscal Year FiscalYear 59 1893-54 2002-03 2003-04 Approved 2003»04 2004-05 % 60 ENl�t3'tlRf�.b .:QQ . rlrnont. - ....... ,•" '�>:,.;.•s;:..};... w;::.::"r,:i:-:::•.isv:tij:i:ti::S:`:-0!`ni+SS%'{:�vn.... :. Jt r:.....\ ..' hi ':titi''4::: i:'y':y:•:. � 62 Police 6,332,658 8,634,800 9,231,499 12,049,124 The data 9,114,163 76% 63 Fire 3,298,426 4,852,915 5,918,804 7,324,083 for 2003-04 6,048,007 83% 64 Public Works 4,607,133 6,307,367 6,304,920 7,595,864 isnot 5,638,615 74% a6 Parks 1,614,552 1,628,000 1,573,826 2,126,830 comparable 1,470,485 69% 66 Recreation 722,791 1,394,416 1,377,711 1,665,385 due to the 1,191,279 72% s7 Community Center 517,669 1,375,189 1,286,694 . 1,502,607 change in 1,063,020 71% s6 Community Development 786.344 1,458,196 1,499,333 1,844,713 how health 1,265,399 69% m City Manager 258.792 496,605 512,021 536,681 dental and 394,385 73% 70 Information Systems Division 305,715 1,001,227 951,831 1,261,497 other related 917,945 73% a Human Resources 384.059 550,963 620.602 690.441 insurances 482.401 70% 72 Community Promotion & Economic Development 66,020 554,472 278.601 307,270 are accounted 211,248 69% L3 Ctty Clerk 225,607 378,510 306,722 564,794 for in 2004-05 383,177 68% 74 City Attorney 172,083 308.695 371,031 580.359 budgets in 422,287 73% L5 Finance 1,230,718 1,695,013 1,654,231 2,292,954to the 2003-04 1,583,042 69% 78 Non -Departmental 467,155 849.817 753,765 881.733 budgets 61.1,358 69% 77 Operating Transfers (Health Insurance, Liability) (2) 1.506.306 2,971,947 4,267 642 e_ ---•------- --- —----- ------------ - (3) ----- —__—-_____------____. 7s 79 :;. :.. _...,. TOTAL .;:. 22.496.028 34,458.132 38,909,433 41,224 b3$,,a..:.a.;..;,„;;i,.;;;;},,.,.a.,,.,,,.;;i• 30,796,511.«::::...:'�9�'••,f 60 a, Reduction of Approved Budget by other sources & uses 1,328,572 82 83 Budgeted expenditures excluding other sources & uses 39,895,963 n4 a5 Net Difference( Revenues. Expenclttures) 1,169,820 1,494,103 677,756 (121,971) (5,185,612) 6s _ 67 ENDING FUND BALANCE EE�..�_�1,649,880,•ff'•"`""'`"�'- (3,422, sa FU NO BALANCE/ANNUAL EXPENDITURES -.:.: H< x; :::.ENDING ;.>- ::.::4.1°J page 3 ExhibitA 517 Fiscal Year 3-31-04 2004-05 Fiscal Year Fiscal Year Fiscal Year 59, Approved 2003-04 2004-05 % 2004 -CIS 41 Budnet Year-to-date YTD 3/31) 62 �POIICO 74%1 7,671,E 63 Fire Pub)j-c Works 7,324,083 7,595,864 tor2003-04__. is not 6,048,C �64 5 Par1kS 2,126,830 comparable -Er-3 iRecreation Commun4y Center 1,502,607 changein 1,063.0 -t7 68 communily Development 1,844,713 how health 1,265,3 69 710 City Manager 536,881 dental and 394,3 !'Information §ysterns Division 1 1,261,4971 7'. 'HumanResources 690,441 Insurances 4824 72 73 110,7 lCommunity Promotion & Economic Develo ment �Cl!y Clerk 307,270 564,794 aro aocount�q for in 2004-05 211,2 3831 74 �City Attompy 580,359, budgets In 4222 7 71 �Fjnsnce No j -P 2,292,954 881,733 to the 2003-04 budgets �83,p 611, 79 80 all 82 'Reduction of Approved-Budgetb othersources& 133 Budgeted expenditures excluding other sources & 39,895,963 41 74%1 7,671,E 720 1,588,4 70%i 643,2 281,7 110,7 690% 815,1 152.12 41 Exhibit A D I F in G H I iq K iN v! s to General FundExaenditure Noh (2) Health I nsura no a and other Insurances have been handled Indifferent ways over the course of the last ten years: This reporting Is to provide �comparittve amounts for all expenditures, i li i (3) All Insuranceexpenditures have been recorded dlractly to department operating 1200405) budg6ts Inthls prleff`Isentatlon. i �4 � 41 Irl f ISummary Anahrais: All departments have responded to the budgetchallenge we face by making adjustments to their operations and expendlturas, These cost saving measuresare expected to result Inactual expenditures thatwill be approxlmals"910,000 less than budgeted. (Part of the$* savings Include currant vacancies in General Fund Departments. some ofwhich have been filled with part-time employees. r ;Due to the need to prepare me200e-05 budget document before the fullextent ofthe cost increases Includedln] lin the Memorandums of Understanding (MOUS) forthe Pollce and Fire Departments, not all of these costs wells Includedln those departmentaf budgets, (Expected expenditures will exceed the adjusted budgets for these departments and staid Is recommending that these budgets be adjusted. loylew of ddglis resultlnthis department exceeding Its budget. 1 I I I I I - Any expected savingswiil be usedto offset the adjustments needed forthe Finand Police DepartmentSudge�J. Thehet effect ofthe savings (910,000) would beoffset bythe Increases recommended In Fire. Pollce, Public Works, Cty Manager and the City Attorney budgets. The net affect of these adjustmentswould be a decreassoll'S641OUR In the andh fund balance page 4 Exhibit A Other Fund Summaries LIBRARY FUND Budget [ Year -to -Date Actuals t Exsected 04/05 [ Fund Balance, Beginning of year $667,281 $654,368 $654,368 Revenues 1,483,695 913,366 1,544,695 Expenditures 1,441,489 1,089,511 1,441,489 Revenues -Expenditures 42,206 -176,145 103,206 Ending Fund Balance $709,487 $4789223 $757,574 Fund Description: Library Operations and Capital accounts General Comments: Revenues are expected to exceed estimates and therefore the Ending Fund Balance is expected to be approximately $758,000. Property Taxes are the primary source of revenue for this fund and taxes are expected to be approximately $61,000 more than estimated in the budget. Page 5 Exhibit A Other Fund Summaries ICAPITAL OUTLAY FUND 1 Budaet 1 Year -40- ACWSIS i l Fund Balance, Beginning of year Revenues Expenditures Revenues -Expenditures Ending Fund Balance $12,120,221 3,836,980 3.411,682 425,298 $11,564,597 Fund Description: General Government Capital Outlay $6,900,519 $6,900,519 3,984,794 4,138,858 1,283.501 3,900,736 2,701,293 238,122 $9,601,812 $7,138,641 General Comments: This fund has an unrestricted fund balance remaining of approximately $1 million. The remaining balance of $8.6 million is restricted to be used for the repayment of loans to the Electric Utility Fund ($2.4 million) and projects funded with Impact Mitigation Fees ($6.2 million). It is expected that the balance owing to the Electric Utility Fund will be paid back to the Electric Utility Fund by 6-30-05. Page 6 Exhibit A Other Fund Summaries TRANSPORTATION DEVELOPMENT ACT FUND (TDA) Budaet Year -to -Date Actuals I Expected 04105 Fund Balance, Beginning of year $187,390 Revenues 39,366 Expenditures 39.366 Revenues -Expenditures 0 J Ending Fund Balance $187,390 Fund Description: Accounts for receipt of TDA monies General Comments: All Transportation DevelopmentAct Funds are received in this fund. The funds are used primarily for smaller street projects and for bike and pedestrian projects. There are several projects that will utilize this funding source and the fund balance will be drawn down somewhat; but will remain at a modest level until the projects are completed. Page 7 $39,799 $39,799 94,339 95,000 74.609 99.400 19,730 g 35,399 Exhibit A Other Fund Summaries OMMUNITY DEVELOPMENT BLOCK GRANT AND HOME FUNDS Budget I Year -to -Date Actuals Expected 04105 Fund Balance, Beginning of year $0 $0 $0 Revenues 836,133 71452 836,133 Expenditures 836.133 26,136 836,133 Revenues -Expenditures 0 a -18,684 Ending Fund Balance p -$189684 $0 Fund Description: Accounts for receipt of CDBG monies and HOME programs General Comments: This fund will have a a zero balance when all receivables are collected from the Federal Government for the amounts expended in excess of revenues for this year. In addition to the current year allocation of $836,133, there are unspent allocations from previous years totalling $2,218,851 that are available for reallocation. Upon approval by City Council, any reallocations are added to the budget for CDBG and HOME funds. Exhibit A Other Fund Summarise POLICE SPECIAL REVENUE FUND Budget 1 ��.; ;W-w�`� .",.w&, Emected WOE Fund Balance, Beginning of year Revenues Expenditures Revenues -Expenditures $388,566 291,785 -291,785 $352,581 147,171 83.903 63,268 Ending Fund Balance $388,566 $415,848 Fund Description: Accounts for receipt of expenditure of grants General Comments: Asset seizures and forfeitures are accounted for in this fund. All amounts spent from this fund represent amounts made that are made available for police activties. The use of these funds allows for the purchase of various Police items that would possibly not be funded if not for the availability of these funds. It is anticipated that this fund will retain a balance of the same amount through the next'fiscal year. Page 9 $352,581 216,080 291,785 $276,876 Exhibit A Other Fund Summaries PTREET FUND 1 Budaet 1 Year -to -Date Actuals 1 Exsected 04/05 1 Fund Balance, Beginning of year $2,576,187 $2,857,924 $2,857,924 Revenues 10,774,304 8,370,701 12,374,304 Expenditures 11.519.482 6.769.407 11.519,482 Revenues -Expenditures -745,178 1,601,294 854,822 Ending Fund Balance $1,831,009 f $4,459,218 $3,712,746 Fund Description: Receipt and transfer of Gas Taxes General Comments: GasTax revenues are received in this fund and spent for maintenance and capital projects. The General Fund is where street maintenance expenditures take place; and therefore the portion of the revenues related to street maintenance is transferred to the General Fund to reimburse for maintenance expenditures. Impact Mitigation Fees are also recorded in this fund and represent the bulk of the cash that will be retained in this fund at year end. These fees are restricted to be used for Street capital improvement projects. Page 10 Fund Balance, Beginning of year Revenues Expenditures Revenues -Expenditures Ending Fund Balance Exhibit A Other Fund Summaries 1,671,671 1,671,671 Fund Description: Receipt of revenues for repayment of General Government debt $0 General Comments: The debt service payments on the Cerificates of Participation issued to finance the cost of the new Police Facilities and for the refinancing of the debt issued to finance the Hutchins Street Square improvements are made from this fund. A budget policy has been implemented that allocates 30% of property taxes for the repayment of this debt. Property taxes are expected to be approximately $7.2 million in total and a 30% allocation of approximately $2.1 million will far exceed the annual debt service requirements for this debt. Page 11 1,679,988 1.679.988 Fund Balance, Beginning of year Revenues Expenditures Revenues -Expenditures Ending Fund Balance Exhibit A Other Fund Summaries $755,240 8,446,385 9.009.133 -562,748 s $192,492 Fund Description: Water operations and capital expenditures $1,742,923 6,729,985 6,747.863 -17,878 $1,725,045 General Comments: The remaining cash balance expected at year end is approximately $1.47 million. This cash balance is designated to be used for Capital Projects and represents Impact Mitigation Fees and Infrastructure replacement revenues collected. Page 12 $1,742,923 8,814,738 9.091.857 -277,119 $1,465,804 Fund Balance, Beginning of year Revenues Expenditures Revenues -Expenditures Ending Fund Balance Exhibit A Other Fuad Summa i $4,428,215 9,425,360 11,618.,886 -2,193,526 J $2,234,689 Fund Description: Wastewater operations and capital expenditures $4,568,925 17,943,913 19,764,213 -1,820,300 $2,748,625 General Comments: The remaining cash balance expected at year end is approximately $2.86 million. This cash balance is designated to be used for Capital Projects and represents Impact Mitigation Fees and Infrastructure replacement revenues collected. This report.does not include the amount held by fiscal agent ($16.6 million), which is to be used for capital improvements. Page 13 $4,568,925 24,355,777 26.060.363 -1,704,586 $2,864,339 Exhibit A Other Fund Summaries Fund Balance, Beginning of year Revenues Expenditures Revenues -Expenditures Ending Fund Balance Fund Description: Electric Utility Operations $2,721,119 62,592,215 62,955,285 -363,070 $2,358,049 $9,926,089 43,295,147 47,605,793 -4,310,646 $5,615,443 General Comments: The cost of purchasing energy has increased beyond expectations at the time the 04-05 budget was prepared. Although expected expenditures will not .exceed the budget, revenues will be less than expenditures by approximately $7.6 million. The residual cash balance expected at year end will be less than 4% (about 15 days coverage) of expenditures. Page 14 $9,926,089 56,817,081 64,422,688 -7,605,607 $2,320,482 01 Exhibit A Other Fuad Summaries RANSIT FUND I Budget I Year -to -Date Actuals I Expected 04/05 Fund Balance, Beginning of year -$10%625 -$3,5799002 Revenues 3,543,618 4,089,342 Expenditures 3,433,993 1,992,729 Revenues -Expenditures 109,625 2,096,613 Ending Fund Balance $ -$194829389 Fund Description: Transit operations General Comments: The Federal Transit Agency has not yet been received for this fiscal year. Upon receipt of these funds, the fund balance deficit ($1.4 million) will be resolved. Page 15 -$3,5799002 6,534,178 3,084,404 3,449,774 -$129,228 BENEFITS FUND Fund Balance, Beginning of year Revenues Expenditures Revenues -Expenditures Exhibit A Other Fund Summaries Budget I Year -to -Date Actuals -$127,313 5,286,463 5,159,150 127,313 1 Ending Fund Balance $0 Fuad Description: An internal service fund to account for all health, dental, vision etc expenditures General Comments: This fund pays the full amount cf the premiums for all health insurances; and then receives transfers from all departments. The insurance amounts are now reflected as part cf the operating expenditures for each department. Previous to this fiscal year it had been recorded as an operating transfer at the fund level instead of at the departmental level. Page 16 -$528,218 4,202,562 3,712,406 490,156 -$38,062 Expected 04/05 -$528,218 5,478,093 4,949,875 528,218 $0 Fund Balance, Beginning of year Revenues Expenditures Revenues -Expenditures Ending Fund Balance Exhibit A Other Fond Summaries $1,565,784 2,781,480 2,732,000 49,480 J $1,615,264 Fund Description: An internal service fund to account for all liability and workers compensation expenditures $2,092,200 2,502,832 1,756,610 746,222 $2,838,422 General Comments: This fund pays the full amount of the premiums and claims for workers compensation and liability insurances. The City participates in insurance pools for both workers compensation and general liability for excess loss insurance. The amounts charged to departments has increased in order to build up a more reasonable reserve for claims that may be filed. $2,092,200 3,170,112 2,342,147 827,965 $2,920,165 ExhibitA Other Fund Summaries HICLE AND EQUIPMENT REPLACEM Fund Balance, Beginning of year $220,637 Revenues 45,000 Expenditures 378.613 Revenues -Expenditures -333,613 Ending Fund Balance -$112,976 Fund Description: Replacement of Vehicles and equipment General Comments: Due to the continuing challenges faced by the City, departments have been asked to defer replacements of vehicles until absolutely necessary. This will allow for a very small balance in this fund. Page 18 $372,068 $372,068 40,917 59,667 156.903 299,066 -115,986 $25s $132,669 Exhibit A Other Fund Summaries ITRUST AND AGENCY FUND I Budget 1 Year -to -Date Actuals 1 Expected 04/05 1 Fund Balance, Beginning of year $937,372 $1,016,409 $1,016,409 Revenues 167,000 200,294 200,294 Expenditures 216,541 292.136 292.136 Revenues -Expenditures -49,541 -91,842 -91,842 Ending Fund Balance $887,831 $924,567 $924,567 Fund Description: Various amounts held in trust for restricted use General Comments: The amounts held in trust are for landscaping and maintenance districts throughout the city. In addition, the City Library has an endowment to be used for future library remodeling or construction. The Library endowment is in excess of $643,00 and the remainder of the trust fund is for landscaping and maintenance districts. Additionally, various deposits by developers and amounts representing deposits held for performance of fiduciary duties are held in this fund. E-x-h-ib-!tA A1B1 C i K ILI m INI 0 1PI a IRI 8 T 57Fiscal Year 3-31-04 . .. .......................... .. . 2004-05 FiscalYear Fiscal Year Fiscal Year 59 Approved 2003-04 2004-06 % 2ON-05 62 POWS 12,049 124 The data 9,114,163 76% 1 12,485,200. 63 Fire7,324 for 2003-04 5,048,007 83% 1 8,064 0-00 64 . .... ..... ... . .... .. . ...... Public Works 715951864 is not 5,638,615 74% 1 71671,6001 65 Parks 2,126,830 corn "rable 485 69% i 1,960,6001 Recreation 1,665,385 . . .. . . . ........ due to the 91,279 1 1.588,4001 67 'Community Center 1,502,607 change In 1,063,020 71 1,417,4001 Development 1,844,713 ho, health 1265,399 69%� i 1,687,2001 _s8_.!Comrmunfty 69 Vty Manager 536,881 dental and 394,385 73%1 1 944,0001[ _Lo Information Systems Division 1,261,497 other related 917,945 73% 1' 1,223,900, 71: Humeri Resources 690.441 Insurances 482 401 70% 643,2001, _L2iC0 ...... .. . . ...... . v 307,270 are accoun*d 211,248 69% 1 281.700! _L3 i.. City Clerlc 564,794 for in 2004-05 383,177 68% 1,. 510 9001, 74 City Attorney 580,3591 1 budgets in i 422,2871 73% 1 621,0001 75 Finance . ..... .... . . ......... ..... . . ........ . . . . . ................. ..... . . . . 2 q§4 l"t e 2003- 69%, 1 1 21110700,1 is I Non -Departmental 881,733 budgets 8 69%11 815,1001 7 op erati nct Transfers I Health Insurance -Liability) <------------------------------------------ (3) ------------------------------1 152,0001 8 79 . .......... TOTAL ....... ..... . 3 ............ .................... 75% i 'Reduction of Approved Budget byother -sources 8, 1,328,572� 2 a3l—i!Bud getedexpenditures excluding other sources& 39,895,963� 900