Agenda

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Brentwood ECD Agenda

Meeting Date:	04/10/2023
Submitted by:	Karen Harper, Finance
Department:	Finance

Information

Subject

ECD Quarterly Financial Report

Background

Financial Reporting

Please find attached the FY 2023 third quarter financial report which includes Statement of Revenues and Expenses, Statement of Net Position, and Budget to Actual Comparison for the Emergency Communications District (ECD) Fund. The Statement of Revenues and Expenses shows actual year to date revenues and expenses. The Statement of Net Position shows year to date balances for all asset, liability, and equity accounts. The Budget to Actual Report shows the actual comparisons between the budgeted amount and the year to date actual for the third quarter of Fiscal Year 2022-2023.

Year to date revenues collected as of March 31st are $1,523,705 or 88% of budget. Year to date expenses are $1,205,581 or 70% of budget. For comparison purposes, for the same period for fiscal year 2022, revenues were $1,402,226 or 79% of budget, and expenses were $1,123,932 or 63% of budget.

Please advise if you have any questions concerning the Emergency Communications District (ECD) revenue and expense quarterly report as of March 31, 2023.

Staff recommendation

N/A

Fiscal Impact

Attachments
Statement of Revenue and Expenses as of 03/31/2023
Statement of Net Position as of 03/31/2023
ECD Budget to Actual as of 03/31/2023