Agenda

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Brentwood ECD Agenda

Meeting Date:	01/27/2020
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 2020 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 2019-2020 fiscal year.

Year to date revenues collected as of December 31, 2019 are $938,965 or 65% of budget. Note that this amount reflects 100% of the annual General Fund subsidy to the ECD. Year to date expenses are $804,813 or 56% of budget. For comparison purposes, for the same six month period in fiscal year 2019, revenues were $1,115,947 or 78% of budget, and expenses were $778,745 or 55% of budget. The difference between FY 2019 and 2020 year-to-date revenues is due to ECD having received excess operational funding equal to $173,384 in FY 2019, monies not received as of December 31, 2019 for FY 2020.

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, 2019.

Staff recommendation

N/A

Fiscal Impact

Attachments
FY 2020 ECD Quarterly Report