HomeMy WebLinkAboutDocumentation_Workshop_Tab 01_07/01/2013 iE "`�.
MEMORANDUM
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DATE: JiTNE 28, 2013
TO: MICHAEL R. COUZZO, VILLAGE MANAGER
FROM: JOANN FORSYTHE, FINANCE DIRECTOR
RE: FINANCE DEPARTMENT MONTHLY FINANCIAL REPORTS — FOR JULY
1 WORKSHOP
Mike,
Per your request, below are the updated numbers for the budgeted items I included in the finance
department's monthly report.
Budget
2012-2013 - General Fund #001:
Revenues: We are waiting for receipt of the last payment of ad valorem taxes. The Village
usually receives this payment in July. We are projecting this revenue source to end the year
below budget.
Expenditures: With the exception of the areas noted below, most departments are projected to
end the year within their amended budgets:
Dept 140: Legal fees, Personnel: currently over budget $4,657
Dept 150: Annexation accounts: not funded, current balance $4,878
Dept 175: Police communication & P/T Salaries, personal services: currently within
budget, however the % spent year to date is higher than expected.
Dept 210: Transportation, Engineering Services: currently over budget $752
Except for legal fees and annexation accounts, we are watching the above accounts to determine if
additional appropriations will be needed at the end of the year. Legal fees and annexation
accounts are projected to end the year in a deficit unless additional funding is made available.
6/28/134:11 PM