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Budget Update <br />April 18, 2019 <br />Page 2 <br />•The Golf Course had not opened as of the end of the quarter. The positive news here is <br />that the course did open in April where last year the opening was delayed until May. <br />This covers the major revenue sources for the General Fund. <br />General Fund Expenditures <br />At 19.63%, the overall expenditure amounts are on target for the year. Although some <br />adjustments have been made, the expenditure statement should be view as non-adjusted. The <br />major adjustment made was to remove the payroll expenditures for the first week of April was <br />included in the base numbers. An adjustment equal to 25% of the annual transfers was also <br />made so that the percentage of that budget would be more accurately reflected. <br />•The Mayor and Council Department is at 42.92%. This is the result of the timing of <br />payments for memberships. <br />•All other General Fund Departments are where they are expected to be at this time of <br />year. <br />Summary <br />In summary, the overall General Fund budget is looking good at the end of the 1st quarter. <br />Revenues are at 17.15% of budget which is normal for the time of year. Construction related <br />revenues are off to a strong start. Overall expenditures are at 19.63% and there are no <br />concerning trends at this point in the year.