Title
Presentation of the Quarterly Financial Report for the FY 2017-2018 Third Quarter ended June 30, 2018.
Body
Summary: Review and discussion of the preliminary and unaudited quarterly financial report for the District's FY 2017-2018 third quarter ended June 30, 2018. For the fiscal year-to-date:
Total Revenue - $1,003,179
Total Expenditures - $909,925, including $527,831 of capital outlay
Total Assets - $4,746,429
Total revenue includes sales tax revenue collected from October 2017 through April 2018. Expenditures include operating expenditures of $382,094 and capital expenditures of $527,831. Operating expenditures include salaries and benefits, software, protective clothing, equipment rental, small tools and equipment for the new vehicles, and miscellaneous operating costs. Capital expenditures include $8,500 for a new K-9 officer (Roni), $340,700 for eight new vehicles, including equipment such as in-car video systems, and $178,500 on the firing range, including a consulting engineer. Due to construction delays, the firing range was not completed last fiscal year and a budget amendment was approved in October 2017 to include an additional $600,000 in the fiscal year 2017-2018 budget.
Fiscal/Budgetary Impact:
N/A.
Recommended action
Accept the quarterly financial report for the FY 2017-2018 third quarter ended June 30, 2018.