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HomeMy WebLinkAbout8, FY11 Financial Results Action Item # 8 Overs-and Budget Carryand Request for Transfers End Financial Results -FY11 YearConsideration of the FY11 Year 2 year results-August 3, 2011, reviewed FY11 mid–overs and transfers-authorized carryend results, -February 17, 2011, reviewed FY10 year–purchased power refundover of $300,000 -October 5, 2010, authorized carry–year results-July 21, 2010, reviewed FY10 mid–Reviewed FY10 & FY11Budget multiple times•November 18, 2009, adopted FY10 & FY11 Budget•Background / History Overs-Transfers and Budget CarryEnd Financial Results & - New Information Overs-Transfers and Budget CarryEnd Financial Results & -FY11 Year 3 New Information (cont.)Overs-Transfers and Budget CarryEnd Financial Results & -FY11 Year 4 New Information (cont.)Overs-Transfers and Budget CarryEnd Financial Results & -FY11 Year 5 New Information (cont.)Overs-Transfers and Budget CarryEnd Financial Results & -FY11 Year 6 year period-mandated 5In compliance with spending facilities fees within the –Reviewed on January 24, 2012–Facilities Fees Fund• Fiscal Impact Overs-Transfers and Budget CarryEnd Financial Results & -FY11 Year 7 Conservation programs–Building maintenance–IT infrastructure –Building security system–the FY12 Budget in order to balance the budgetfund miscellaneous projects which had been removed from funded income in excess of budget is proposed to -FY11 rate• Recommendation Overs-Transfers and Budget CarryEnd Financial Results & -FY11 Year 8 Attachment 3overs as listed in -Authorize the transfers and carry• 9 Overs-Transfers and Budget CarryEnd Financial Results & -FY11 Year 10 Overs-Transfers and Budget CarryEnd Financial Results & -FY11 Year 11 Overs-Transfers and Budget CarryEnd Financial Results & -FY11 Year 12 13 Overs-Transfers and Budget CarryEnd Financial Results & -FY11 Year 14 Example of a Percentage Variance 60%$ 12.00 $ 32.00 $ 20.00 Inc10%5.00 45.00 50.00 Exp10%$ 7.00 $ 77.00 $ 70.00 Rev% Var$ Var Overs-Transfers and Budget CarryEnd Financial Results & -FY11 Year