HomeMy WebLinkAboutCC 7-20-2010 2nd Quarter Report SummaryMemorandum
To: City of Lake Elmo City Council
From: Joe Rigdon, KDV
Date: July 15, 2010
Re: General Fund Revenues/Expenditures through 2nd Quarter 2010 (Unaudited)
The attached report details year-to-date City of Lake Elmo General Fund revenues and
expenditures through June 30, 2010 (unaudited). Highlights are as follows:
Revenues:
Property taxes were 0.0% of budget, as projected (1st half taxes will be received in
07/10 and 2nd half taxes will be received in 12/10).
Building permits through June 30, 2010 amounted to $70,388 (70.4% of budget),
as compared to $57,493 through June 30, 2009.
Plan check fees through June 30, 2010 amounted to $27,467 (85.8% of budget),
as compared to $13,368 through June 30, 2009.
Miscellaneous revenues totaled $858 through June 30, 2010, as compared to
$24,041 through June 30, 2009. The decrease is due to one-time reimbursements
received from Northern Natural Gas for use of City property in 2009.
Total revenues were $254,610 (8.9% of budget) through June 30, 2010,
decreasing 1.0% from $257,092 through June 30, 2009.
Expenditures:
General government expenditures totaled $433,082 (44.6% of budget) through
June 30, 2010, increasing 2.5% from $422,381 through June 30, 2009.
Public safety expenditures totaled $214,621 through June 30, 2010, increasing
0.7% from $213,031 through June 30, 2009. Total public safety expenditures
through June 30, 2010 were 20.1% of budget due to no 2010 police contract
invoices received or paid.
Public works expenditures totaled $223,490 (44.8% of budget) through June 30,
2010, increasing 11.4% from $200,677 through June 30, 2009. The increase is
due to higher quantities of sand/salt purchased within the ice and snow removal
department during 2010 (114.8% of budget).
Parks and recreation expenditures totaled $79,271 (41.5% of budget) through June
30, 2010, decreasing 5.3% from $83,674 through June 30, 2009.
Total expenditures and transfers out were $958,464 (33.6% of budget) through
June 30, 2010, increasing 3.4% from $927,263 through June 30, 2009.