Agenda

Back to Calendar Return

Brentwood ECD Agenda

Meeting Date:	04/22/2019
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 2019 revenue and expense report for the Emergency Communications District (ECD) Fund. This report shows budget to actual comparisons for nine months of the 2018-2019 fiscal year.

Year to date revenues collected as of March 31, 2019 are $1,272,957 or 89% of budget. Note that this amount reflects 100% of the annual General Fund subsidy to the ECD. Year to date expenses are $1,076,741 or 76% of budget. For comparison purposes, for the same nine month period in fiscal year 2018, revenues were $1,127,815 or 81% of budget, and expenses were $976,515 or 71% of budget.  For FY 2019 as of March 31, 2019, ECD has received excess operational funding revenue equal to $173,384, compared to $42,458 excess operational funding revenue as of March 31, 2018 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 March 31, 2019.

Staff recommendation

N/A

Fiscal Impact

Attachments
FY 2019 ECD Quarterly Report