Title
Presentation of the Quarterly Financial Report for the FY 2017-2018 First Quarter ending December 31, 2017.
Body
Summary: Review and discussion of the preliminary and unaudited quarterly financial report for the District's FY 2017-2018 first quarter ended December 31, 2017.
Total Revenue - $144,793
Total Expenditures - $333,479, including $205,591 of capital outlay
Total Assets - $4,467,777
Total revenue includes sales tax revenue collected in October 2017 and paid in December 2017. Expenditures include operating expenditures of $127,888 and capital expenditures of $205,591. Operating expenditures include salaries and benefits, software, equipment rental, small tools and equipment for the new vehicles, and miscellaneous operating costs. Capital expenditures include $198,280 for five new vehicles, including the in-car video systems, and $7,311 on the firing range. Due to construction delays, this project 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 first quarter ended December 31, 2017.