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Martinsville <br /> <br />Agenda Item Number <br />Department: <br />Date: <br /> <br />Finance <br />10-12-04 <br /> <br />City Council <br />Agenda Sununary <br /> <br />Agenda Item: Presentation of financial report for month ending June 30, 2004 <br /> <br />Revenues of all funds were $271,912 or three tenths of one percent short of budget expectations. <br />Expenditures were almost $3.2M less than anticipated. This leaves a positive variance of almost $3M <br />for the year. The Electric and School funds reported the largest of the expenditure savings with <br />$1;611,562 and $741,679 in savings respectively. <br /> <br />Total fund balances increased by $2,534,200 for the FY. The Refuse Fund with an increase of <br />slightly more than $1.5M and the Electric Fund with an increase of almost $932,000 accounted for <br />the bulk of this increase. <br /> <br />Recommended Council Action: No action required. <br /> <br />ATTACHMENTS: <br /> <br /> Memo <br />X Staff Report <br />__ Correspondence <br /> Bid Tabulation <br /> P/C Recommendation <br /> P/C Minutes <br /> Application <br /> Citizen <br /> Consultant Report <br /> <br /> Council Minutes <br /> Existing Ordinance <br /> Proposed Ordinance <br /> Attorney's Report <br /> Petition <br /> Contract <br /> Budget Amendment <br /> Legal Notice <br />X Other-spreadsheets <br /> <br />Role Call Aye Nay <br /> <br />Mayor & Vice Mayor <br />M__ S Cobbe <br />M S Reynolds <br /> <br />Council Members <br />M__ S__ Roop <br />M S Ferrill <br />M S Clark <br /> Pa~ed <br /> <br /> <br />