BRAWLEY — A mid-year financial review Tuesday showed Brawley has earned more than $19.1 million, or 46 percent, of anticipated revenue of the city’s adopted budget plan.
The review as presented by Finance Director Ruby Walla also showed the council that the expenditures from July 1 through December amounted to $19.4 million, or 43 percent, of the adopted budget. Brawley’s overall adopted budget was more than $45.652 million.
The council took no action on the item, nor asked any questions about Walla’s update. City Manager Rosanna Bayon Moore explained the update illustrates how Brawley’s finances are basically OK.
However, areas of “concern” are the general fund and the water enterprise fund, Moore said.
This is because $1.6 million was borrowed from reserves to help balance the water enterprise fund’s budget, Moore said.
Walla’s mid-year update showed the general fund budget for this fiscal year is $13.9 million, which includes roughly $1.14 million of projected reserves.
But while expenditures are at 54 percent of the budget, Brawley’s general fund revenues clock in at a paltry 38 percent, the staff report showed. The report explained that the reasons for the small percentage in the general fund have more to do with when Brawley actually receives revenues from a number of sources.
“Factors that contribute to the low percentage of 38 percent in revenues at mid-year (is) the timing of receipt of revenues such as property tax, vehicle license fee and sales tax,” the report read.
Brawley receives varying property tax revenue allocations three times during a fiscal year: 55 percent in December, 40 percent in April and 5 percent in June.
While it is not an exact figure Walla said about $2 million in vehicle licensing fee revenues is anticipated for January and May 2012.
As of December, Brawley has received only 35 percent of the estimated sales tax revenue, which represents a significant dip from the 58 percent of such revenues the city got in December 2010, according to the staff report.
However, sales tax figures “at mid-year do not reflect holiday shopping receipts,” the report read.
Overtime accounts, as well as accounts for fuel, maintenance and repair and others, have been identified for variances, or overages.
As a result, the city is reviewing account balances any time when purchase orders are requested, and also calls for budgetary adjustments when necessary to address any excess overages in a department, the report read.
But “the current budget adjustments requested are within each department’s budget and will not affect the overall approved budget,” according to the staff report.
Staff Writer Silvio J. Panta can be reached at 760-337-3442 or at spanta@ivpressonline.com
The review as presented by Finance Director Ruby Walla also showed the council that the expenditures from July 1 through December amounted to $19.4 million, or 43 percent, of the adopted budget. Brawley’s overall adopted budget was more than $45.652 million.
The council took no action on the item, nor asked any questions about Walla’s update. City Manager Rosanna Bayon Moore explained the update illustrates how Brawley’s finances are basically OK.
However, areas of “concern” are the general fund and the water enterprise fund, Moore said.
This is because $1.6 million was borrowed from reserves to help balance the water enterprise fund’s budget, Moore said.
Walla’s mid-year update showed the general fund budget for this fiscal year is $13.9 million, which includes roughly $1.14 million of projected reserves.
But while expenditures are at 54 percent of the budget, Brawley’s general fund revenues clock in at a paltry 38 percent, the staff report showed. The report explained that the reasons for the small percentage in the general fund have more to do with when Brawley actually receives revenues from a number of sources.
“Factors that contribute to the low percentage of 38 percent in revenues at mid-year (is) the timing of receipt of revenues such as property tax, vehicle license fee and sales tax,” the report read.
Brawley receives varying property tax revenue allocations three times during a fiscal year: 55 percent in December, 40 percent in April and 5 percent in June.
While it is not an exact figure Walla said about $2 million in vehicle licensing fee revenues is anticipated for January and May 2012.
As of December, Brawley has received only 35 percent of the estimated sales tax revenue, which represents a significant dip from the 58 percent of such revenues the city got in December 2010, according to the staff report.
However, sales tax figures “at mid-year do not reflect holiday shopping receipts,” the report read.
Overtime accounts, as well as accounts for fuel, maintenance and repair and others, have been identified for variances, or overages.
As a result, the city is reviewing account balances any time when purchase orders are requested, and also calls for budgetary adjustments when necessary to address any excess overages in a department, the report read.
But “the current budget adjustments requested are within each department’s budget and will not affect the overall approved budget,” according to the staff report.
Staff Writer Silvio J. Panta can be reached at 760-337-3442 or at spanta@ivpressonline.com
