02-16-10, Elliot and Starbird
Spin Current Budget Numbers at City Council Meeting!
There was a substantial difference between the way the
2nd Quarter 2009-10 Financial Update information was reported in the
information packet to the Glendale City Council and the way it was shown in the
slideshow presentation at the 02-16-10 Council Meeting (Agenda Item 8.a.)
broadcast to the public on GTV6.
The budget information provided by Robert P. Elliot,
Director of Administrative Services – Finance, in the packet provided to the
council showed the Adopted and Revised Resources, as well as the Actual
Receipts Realized through 12-31-09.
The Slideshow Presentation for the benefit of the
audience and the television public showed a pie-chart of the original
adopted (predicted) general fund Fiscal Year revenue sources. No one on the council questioned whether Transfers
from Other Funds, Interfund Revenue and/or the Use of
2008-09 Surplus should be considered INCOME in
balancing the budget versus actual EXPENDITURES.
Here is the information presented in Table 1 of the
packet:
|
|
Adopted |
Revised |
Change |
Actual |
Percent |
|
|
Resources |
Resources |
from |
Receipts |
Realized |
|
Resource Category |
2009-1010 |
2009-1010 |
Adopted |
12/31/09 |
12/31/09 |
|
|
|
|
|
|
|
|
Property Tax |
$41,237,000 |
$41,237,000 |
|
$8,149,975 |
19.8% |
|
Sales Tax |
$27,041,000 |
$25,818,000 |
$(1,223,000) |
$9,316,105 |
34.5% |
|
Utility Users Tax |
$28,525,000 |
$28,525,000 |
|
$13,090,616 |
45.9% |
|
Occupancy and Other Taxes |
$6,163,000 |
$6,163,000 |
|
$1,971,482 |
32.0% |
|
Licenses and Permits |
$5,630,000 |
$4,108,000 |
$(1,522,000) |
$1,975,697 |
35.1% |
|
Charges for Services |
$3,627,577 |
$3,545,976 |
$(81,601) |
$1,469,328 |
40.5% |
|
Intergovernmental Revenues |
$2,996,000 |
$2,996,000 |
|
$541,170 |
18.1% |
|
Interfund Revenue |
$12,226,178 |
$12,226,178 |
|
$6,222,219 |
50.9% |
|
Fines and Forfeitures |
$1,200,000 |
$1,200,000 |
|
$495,096 |
41.3% |
|
Interest/Use of Money |
$5,821,716 |
$4,940,160 |
$(881,556) |
$1,004,474 |
17.3% |
|
Misc. & Non-Operating |
$394,000 |
$394,000 |
|
$217,261 |
55.1% |
|
Transfers - Other Funds |
$28,967,000 |
$28,967,000 |
|
$14,701,833 |
50.8% |
|
Use of 2008-09 Surplus |
$1,000,000 |
$1,000,000 |
|
|
0.0% |
|
------------------------------------------------ |
------------------
|
------------------
|
----------------- |
----------------- |
----------------- |
|
|
$164,828,471 |
$161,120,314 |
$(3,708,157) |
$59,155,255 |
35.9% |
Here is the Slideshow Pie-Chart:
Here are the discrepancies between the two sources of information:
|
|
|
Percent of |
Percent of |
Discrepancy |
|
|
Actual |
Actual |
Predicted |
between |
|
|
Revenue |
Revenue |
Revenue |
Sources of |
|
|
per Table 1 |
per Table 1 |
per Slideshow |
Actual and |
|
Resource Category |
12/31/09 |
12/31/09 |
06/30/10 |
Predicted Income |
|
|
|
|
|
|
|
Transfers
- Other Funds |
$14,701,833 |
24.9% |
19% |
5.9% |
|
Property
Tax |
$8,149,975 |
13.8% |
25% |
-11.2% |
|
Sales
Tax |
$9,316,105 |
15.7% |
15% |
0.7% |
|
Utility
Users Tax |
$13,090,616 |
22.1% |
17% |
5.1% |
|
Occupancy
and Other Taxes |
$1,971,482 |
3.3% |
4% |
-0.7% |
|
Interest/Use
of Money |
$1,004,474 |
1.7% |
5% |
-3.3% |
|
Interfund Revenue |
$6,222,219 |
10.5% |
7% |
3.5% |
|
Other -
Consists of: |
$4,698,552 |
8.0% |
8% |
0.0% |
|
Licenses and Permits |
|
|
|
|
|
Charges for Services |
|
|
|
|
|
Intergovernmental Revenues |
|
|
|
|
|
Fines and Forfeitures |
|
|
|
|
|
Misc. & Non-Operating |
|
|
|
|
|
Use of 2008-09 Surplus |
|
|
|
|
|
------------------------------------------------ |
----------------- |
----------------- |
------------------ |
|
|
|
$59,155,256 |
100% |
100% |
|
To watch the presentation by Mr. Elliot click
here and advance the video to 23 minutes, 55 seconds.
To see the city council packet information click
here.