Agenda

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Brentwood ECD Agenda

Meeting Date:	01/22/2018
Submitted by:	Karen Harper, Finance
Department:	Finance

Information

Subject

ECD Quarterly Revenue and Expense Report

Background

Financial Reporting

Please find attached the second quarter of fiscal year 2018 revenue and expense report for the Emergency Communications District (ECD) Fund. This report shows budget to actual comparisons for the first six months of the 2017-2018 fiscal year.

Year to date revenues collected as of December 31, 2017 are $975,095 or 70% of budget. Note that this amount reflects 100% of annual General Fund subsidy to the ECD. Year to date expenses are $654,584 or 47% of budget. For comparison purposes, for the same six month period in fiscal year 2017, revenues were $983,749 or 73% of budget, and expenses were $653,383 or 42% of budget.  For FY 2017 as of December 31, 2016, ECD had received excess operational funding revenue equal to $56,337, monies not received as of December 31, 2017 for FY 2018.

Other Items of Interest

No other items of interest at this time.

Please advise if you have any questions concerning the Emergency Communications District (ECD) revenue and expense quarterly report as of December 31, 2017.

Staff recommendation

N/A

Fiscal Impact

Attachments
ECD Quarterly Revenue and Expense Report