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 - $1,044,185
Total Expenditures - $1,030,913, including $165,166 of capital outlay
Total Assets - $3,314,659
Total revenue includes sales tax revenue collected from October 2017 through April 2018. Expenditures include operating expenditures of $865,747 and capital expenditures of $165,166. Operating expenditures include salaries and benefits, contract labor, software, maintenance on equipment, vehicles, and the drill field, and miscellaneous operating costs. Capital expenditures include ~$52,317 for Fire equipment, ~$91,896 for lease payments on the 2017 Fire Truck, and ~$20,953 for a consulting architect on the planned EMS Annex.
Fiscal/Budgetary Impact:
N/A.
Recommended action
Accept the quarterly financial report for the FY 2017-2018 third quarter ended June 30, 2018.