Agenda

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Brentwood ECD Agenda

Meeting Date:	04/23/2018
Submitted by:	Karen Harper, Finance
Department:	Finance

Information

Subject

ECD Quarterly Revenue and Expense Report

Background

Financial Reporting

Please find attached the third 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 nine months of the 2017-2018 fiscal year.

Year-to-date revenues collected as of March 31, 2018 are $1,127,815, or  81% of budget. Note that this amount reflects 100% of annual General Fund subsidy to the ECD.

Year-to-date expenses are $962,889, or 70% of budget. For comparison purposes, for the same nine-month period in Fiscal Year 2017, revenues were $1,133,069, or 84% of budget, and expenses were $958,823, or 71% of budget.

For FY 2017 as of March 31, 2017, ECD had received excess operational funding revenue equal to $56,337, compared to $42,458 excess operational revenue received as of March 31, 2018 for FY 2018, however interest earnings for FY 2017 as of March 31, 2017 were $15,893 compared to $24,477 as of March 31, 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 March 31, 2018.

Staff recommendation

N/A

Fiscal Impact

Attachments
FY 2018 ECD Quarterly Report