HomeMy WebLinkAboutJan-June 2006 Revenues and ExpendituresMEMORANDUM
TO: UHGID Advisory Committee
Molly Winter - Executive Director
FROM: Donna Jobert, Financial Mg.
SUBJECT: Jan-June 2006 Revenues and Expenditures
DATE: August 8/8/2006
Shown below is a summary of Jan-June 2006 revenues and expenditures. The 2006 budgei and 2005
aciuals are shown for comparative purposes.
Revenues are 49.53 % of total budget collected and are down $25,870 when compared with last year.
The largest variance is with operating transfers (excess GF meter revenue from previous year, transferred to UHGID fund)
Another change is ihat race revenue or expenses are not being booked to the UHGID fund.
Meter revenues for street and lot meters are under budget to date and are below last years revenue to date
We will be watching revenue closely.
Despite an increase in permit rates, the permit revenue for the Pleasani Lot is only up slightly irom compared to last year.
Expenditures for 2006 equal 40.41 % of budgeted expenses and are $11,938 lower lhan last year's
expenditures at the same point. Significant variances include: timing of capital reserve replacement payment,
a repayment of RHI expenses, and in 2005 the expenses for the redevelopment charrette.
Cost allocation (amount UHGID pays lhe City GF for services) dropped slightly for 2006.
We monitored revenue/expense variances closely to match revenue trends in the District.
UHGID Revenues and Expenditures - Jan-June 2006
JanJune 2006 Jan-June 2005
Revenue 2006 % Revenues 2006-2005
Revenues Collected Budget Collected Collected Difference
Taxes $17,374 $26,733 64.99% $20,752 ($3,378)
Street Meters $86,938 $175,000 49.68% $88,152 ($7,214)
14th Street Lot $22,608 $54,395 41.56% $23,847 ($1,239)
Pennsylvania Lot $27,532 $57,750 47.67%a $29,591 ($2,059)
Pleasant Lot (permits) $17,618 $32,712 53.86% $17,389 $229
Pleasant Lot (meters) $6,049 $14,639 40.76% $6,859 ($810)
Tokens $0 $250 0.00°/ $76 ($76)
Meterhoods $1,989 $3,750 53.04% $3,537 ($1,548)
Uni Hi11 2K $0 $0 HDIV/0! $6,716 ($6,716)
Operating Transfers $0 $0 - $13,240 ($13,240)
Miscellaneous revenues $213 $0 - $62 $151
Interest $10,601 $20,006 52.99% $6,577
"' $4,030
"
TOTAL "'__ ' "
$190,922 """'
$385,435 _""_
49.53% '
$216,792 ($25,870)
Jan-June2006 2006 % Jan-June 2005 2006-2005
Expenditures Activity Budget Expended Activity Difference
Parking Services Personnel $49,543 $703,925 47.67% $43,579 $5,965
Parking Services Non-personnel $26,013 $91,942 28.29% $20,150 $5,863
DUHMD Personnel $38,109 $77,006 49.49% $34,505 $3,604
DUHMD Non-personnel $13,267 $26,580 49.91 % $15,154 ($1,887)
CostAllocation/Benefitfund $18,625 $37,250 50.00% $19,360 ($735)
EconomicVitality $2,343 $19,618 11.94% $16,071 ($13,728)
Eco-Pass Program $0 $636 0.00% $0 $0
Uni Htll 2k $0 $0 riDIV/0! $2,019 ($2,019)
Capital Replacement Reserve $0
---'------------------ - $9,000
'-----------'-- 0 00 % $9,000
--"- ($9,000)
'--'------
TOTAL $147,900 $365,956 40.41 % $159,838 ($71,938)